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RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2015
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

NOTE 9.  RELATED PARTY TRANSACTIONS

 

The Company has granted loans to officers and directors of the Company and to their associates as well as loans to related companies.  These related party loans are made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated parties and do not involve more than normal risk of collectability.  Set forth below is a summary of the related loan activity.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Balance at

    

    

 

    

    

 

    

    

 

    

Balance

 

 

 

Beginning

 

 

 

 

 

 

 

 

 

 

at end

 

(in thousands)

 

of Year

 

Borrowings

 

Retirement

 

Repayments

 

of Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

$
39,083

 

$
357,230

 

$

 —

 

$
(353,473)

 

$
42,840

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

$
18,090

 

$
198,495

 

$
(514)

 

$
(176,988)

 

$
39,083

 

 

The Company held related party deposits of $16.9 million and $29.4 million at December 31, 2015 and December 31, 2014, respectively.

 

The Company held no related party repurchase agreements at December 31, 2015 and December 31, 2014.