Related Party Transactions

12 Months Ended

Dec. 31, 2014

The Company’s commercial and retail banking segment has, and may be expected to have in the future, banking transactions in the ordinary course of business with directors, principal officers, their immediate families and affiliated companies in which they are principal stockholders, commonly referred to as related parties. Any loans made to related parties were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time of origination for comparable loans with persons not related to the lender; and did not involve more than the normal risk of collectability or present other unfavorable features. Loans outstanding to directors and executive officers at December 31, 2014 and 2013 were:



(Dollars in thousands)	2014			2013
Balance, January 1	$	2,983		$	8,798
Decrease due to status changes	—			(5,890		)
Principal additions	1,590			762
Principal payments	(769		)	(687		)
Balance, December 31	$	3,804		$	2,983

Additionally, unused commitments to extend credit to related parties were $1.5 million at December 31, 2014 and $2.3 million at December 31, 2013.

Related party deposits totaled $12.7 million and $11.6 million at December 31, 2014 and 2013, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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