Note 17 - Related Party Transactions

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

17.

Related Party Transactions

At

December

31,

2016,

one

loan for

$8,000

was outstanding to an executive officer of the Company and at

December

31,

2015,

one

loan for

$18,000

was outstanding to an executive officer of the Company and

one

loan for

$356,000

was outstanding to a relative of a Director of the Company. The loans in both years were made in the ordinary course of business and were fully approved in accordance with all of the Company’s credit underwriting standards and were made at market rates of interest and other normal terms but with reduced origination fees.

No

such loans were made during

2016,

2015

and

2014.

The Company believes that such loans do not involve more than the normal risk of collectability or present other unfavorable features. Deposits of related parties totaled

$13.2

million and

$10.4

million at

December

31,

2016

and

2015,

respectively.