Related Party Transactions

12 Months Ended

Dec. 31, 2014

(12)	Related Party Transactions

The Bank, in the ordinary course of business, has loan and deposit transactions with directors and executive officers. In management’s opinion, these transactions were on substantially the same terms as comparable transactions with other customers of the Bank. The amount of such deposits totaled approximately $6,767, $7,886 and $6,471 at December 31, 2014, 2013, and 2012, respectively.

The following is an analysis of the activity of loans to executive officers and directors for the years ended December 31:

	2014			2013			2012

Outstanding balance, beginning of year	$	2,250		$	2,086		$	2,331
Credit granted		3,651			3,956			4,025
Repayments / Reductions		(3,537	)		(3,792	)		(4,270	)

Outstanding balance, end of year	$	2,364		$	2,250		$	2,086

- 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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