Related Party Transactions

12 Months Ended

Dec. 31, 2017

NOTE 18 — RELATED PARTY TRANSACTIONS

Oriental grants loans to its directors, executive officers and to certain related individuals or organizations in the ordinary course of business. These loans are offered at the same terms as loans to unrelated third parties. The activity and balance of these loans for the years December 31, 2017, 2016, and 2015 was as follows:

	Year Ended December 31,
	2017		2016		2015
	(In thousands)
Balance at the beginning of year	$	29,020	$	31,475	$	27,011
New loans and disbursements		2,875		2,329		13,581
Repayments		(3,757)		(4,784)		(9,117)
Balance at the end of year	$	28,138	$	29,020	$	31,475