Related Party Transactions

12 Months Ended

Dec. 31, 2019

19. RELATED PARTY TRANSACTIONS

During the normal course of business, the Bank enters into loans with related parties, including executive officers and directors. These loans are made with substantially the same terms, including rates and collateral, as loans to unrelated parties. The following is a summary of the aggregate activity involving related party borrowers (dollars in thousands):


	Year Ended December 31,
	2019		2018		2017
Balance, beginning of year	$	2,544	$	3,047	$	2,253
Disbursements		18,681		13,873		15,223
Amounts repaid		(18,494)		(14,376)		(14,429)
Balance, end of year	$	2,731	$	2,544	$	3,047
Undisbursed commitments to related parties	$	1,829	$	2,130	$	2,559

Deposits from related parties held by the Bank at December 31, 2019 and 2018 amounted to $7,574,000 and $5,069,000, respectively.