Transactions With Executive Officers, Directors And Principal Stockholders

12 Months Ended

Dec. 31, 2014

Transactions With Executive Officers, Directors And Principal Stockholders [Abstract]

Transactions With Executive Officers, Directors And Principal Stockholders

NOTE 17 – TRANSACTIONS WITH EXECUTIVE OFFICERS, DIRECTORS AND PRINCIPAL STOCKHOLDERS

The Company has had, and may be expected to have in the future, banking transactions in the ordinary course of business with its executive officers, directors, principal stockholders, their immediate families and affiliated companies (commonly referred to as related parties), on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with others. 

The related party loan activity for the years ended December 31, 2014 and 2013 is summarized as follows:

(Dollars in thousands)	2014		2013
Balance, beginning	$	6,431	$	5,325
Disbursements		349		3,362
Repayments and other		(644)		(2,256)
Balance, ending	$	6,136	$	6,431

Certain related parties of the Company provided legal services and appraisal services to the Company.  Legal services provided by related parties totaled $73 thousand and $128 thousand for the years ended December 31, 2014 and 2013, respectively.  Appraisal services provided by related parties totaled $18 thousand and $56 thousand for the years ended December 31, 2014 and 2013, respectively. Engineering services provided by related parties totaled $26 thousand for the year ended December 31, 2014. The Company also paid rent to related parties for an office location in the amount of $146 thousand and $154 thousand for the years ended December 31, 2014 and 2013, respectively.