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RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2015

NOTE 16 - RELATED PARTY TRANSACTIONS

In the normal course of business the Bank has granted loans to executive officers, directors, principal shareholders and associates of the foregoing persons considered to be related parties. Changes in loans to executive officers, directors and their related associates are as follows (there are no loans to principal shareholders):

Years ended December 31, (in thousands)		2015			2014
Balance, beginning of period	$	8,060		$	1,279
Additional related party loans acquired pursuant to Riverside Bank merger		—			6,828
Advances		5,045			271
Repayments		(4,985	)		(318	)
Balance, end of period	$	8,120		$	8,060

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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