Related Parties (Notes)

12 Months Ended

Dec. 31, 2015

Related Party Transactions [Abstract]

Related Party Transactions

20. RELATED PARTY TRANSACTIONS

Principal stockholders, directors, and executive officers of the Company, together with the companies they control, are considered to be related parties. In the ordinary course of business, the Company has engaged in various related party transactions during the year, ranging from extending credit, accepting deposits as well as exchange of service transactions.

Federal banking regulations require that any such extensions of credit not be offered on terms more favorable than would be offered to non-related party borrowers of similar creditworthiness. The following table summarizes the aggregate activity in such loans for the periods indicated:

	Year Ended December 31,
	2015			2014
	(in thousands)
Balance, beginning	$	70,570		$	30,783
New loans	10,678			35,341
Advances	18,614			23,559
Repayments and other	(25,481		)	(19,113		)
Balance, ending	$	74,381		$	70,570

None of these loans are past due, on non-accrual status or have been restructured to provide a reduction or deferral of interest or principal because of deterioration in the financial position of the borrower. There were no loans to a related party that were considered classified loans at December 31, 2015 or 2014. The interest income associated with these loans was approximately $2.7 million and $1.9 million for the years ended December 31, 2015 and 2014, respectively.

Loan commitments outstanding with related parties totaled approximately $164.5 million and $151.8 million at December 31, 2015 and 2014, respectively.

The Company also accepts deposits from related parties which totaled $76.0 million and $47.7 million at December 31, 2015 and 2014, respectively, with related interest expense totaling less than $100 thousand during each of the years ended December 31, 2015 and 2014. In addition, the Company engages in certain activities with related parties for sponsorships, donations, and other services during the normal course of business. Those expenses totaled less than $1.0 million for the year ended December 31, 2015 and less than $2.0 million for the year ended December 31, 2014.