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Related-Party Transactions
 12 Months Ended
Dec. 31, 2015
Related Party Transactions [Abstract]  
Related-Party Transactions

NOTE 11 – RELATED-PARTY TRANSACTIONS

In the ordinary course of business, loans are granted by the Company to executive officers, directors and their related business interests consistent with Federal Reserve Regulation O.

The following is an analysis of activity of related-party loans for the years ended December 31:

 

(Dollars in thousands)

 

   

 2015

 

         

 2014

 

  

 

  

Balance at beginning of year

    $       4,417         $       5,092   

New loans and advances

      69           72   

Repayments, including loans sold

      148           747   

Changes in related parties1

      (3,843 )         –   
  

 

 

       

 

 

  

 

Balance at end of year

   

 

$

 

791

 

  

     

 

$

 

4,417

 

  
  

 

 

       

 

 

  

1The adjustment made in 2015 relates to the retirement of a director.

Deposits from executive officers, directors and their related business interests at December 31, 2015 and 2014 were approximately $2.5 million and $10.4 million.