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Related Parties
12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]  
Related Parties Related Parties
 
Loans to the Company’s executive officers and directors are made in the ordinary course of business, in accordance with applicable regulations and the Company’s policies and procedures. At December 31, 2019 and 2018, the Company had related party loans outstanding totaling $5.5 million and $5.8 million, respectively.
 
At the end of 2019, the Company had related party deposits of $510.2 million compared to $471.9 million at the end of 2018. John J. Carona was appointed to the Board of Directors on March 15, 2013, in connection with the Company’s acquisition of First Associations Bank (“FAB”). Mr. Carona is the President and Chief Executive Officer of Associations, Inc. (“Associa”), a Texas corporation that specializes in providing management and related services for homeowners associations located across the United States. At December 31, 2019 and 2018, $468.9 million and $436.2 million, respectively, of the related party deposits were attributable to Associa.