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Related Party Transactions
 12 Months Ended
Dec. 31, 2019
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)

2019

 

2018

 

2017

Balance, beginning

$

 6,542 

 

$

 6,497 

 

$

 7,849 

Additions

 

 1,864 

 

 

 1,314 

 

 

 1,111 

Collections

 

 (1,641)

 

 

 (1,269)

 

 

 (2,463)



 

 

 

 

 

 

 

 

Balance, ending

$

 6,765 

 

$

 6,542 

 

$

 6,497 

As of December 31, 2019, 2018 and 2017, deposits from executive officers and directors approximated $14.8 million, $14.4 million and $14.3 million, respectively.