Certain executive officers and directors of the Company and the Bank, including companies in which those persons are principal holders of equity securities or are general partners, borrow in the normal course of business from the Bank. All such loans have been made on substantially the same terms, including interest rates and collateral, as those prevailing at the same time for comparable transactions with unrelated parties. In addition, all such loans are current as to repayment terms.

For the years 2020 and 2019, an analysis of activity with respect to such aggregate loans to related parties appears below (in thousands):

	Year Ended December 31,
	2020			2019
Balance – beginning of year	$	207,734		$	257,575
New loans		39,217			32,923
Repayments		(81,556	)		(77,692	)
Reduction due to change in reportable loans		—			(5,072	)
Balance – end of year	$	165,395		$	207,734