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Related Party Transactions
 12 Months Ended
Dec. 31, 2016
Related Party Transactions [Abstract]  
Related Party Transactions

16.RELATED PARTY TRANSACTIONS

During the ordinary course of business, loans are made to executive officers, directors, greater than 5% shareholders and associates of such persons.  These transactions are executed on substantially the same terms and at the rates prevailing at the time for comparable transactions with others.  These loans do not involve more than the normal risk of collectability or present other unfavorable features.  A summary of loan activity with officers, directors, associates of such persons and shareholders who own more than 5% of the Company’s outstanding shares is as follows:



 

 

 

 

 

 

 

 



Years ended December 31,

(dollars in thousands)

2016

 

2015

 

2014

Balance, beginning

$

 6,983 

 

$

 4,924 

 

$

 4,739 

Additions

 

 2,629 

 

 

 5,672 

 

 

 2,213 

Collections

 

 (1,763)

 

 

 (3,613)

 

 

 (2,028)



 

 

 

 

 

 

 

 

Balance, ending

$

 7,849 

 

$

 6,983 

 

$

 4,924 

As of December 31, 2016, 2015 and 2014, deposits from executive officers, directors and associates of such persons approximated $12.9 million, $12.9 million and $13.7 million, respectively.