RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2017

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

Note 21 – Related Party Transactions

The Company utilizes the services of a company to act as a general manager for the construction of new branch facilities. A member of our board of directors is a substantial shareholder of this company and currently serves as its Chairman. During the three and six months ended June 30, 2017, the Company paid $12,000 and $15,000, respectively, for work on various projects. During the three and six months ended June 30, 2016, the Company paid $0 and $159,000, respectively, for work on various projects. 

A member of our board of directors has an ownership interest in the office building located in Clayton, Missouri and three of the Bank’s full-service branch facilities. During the three and six months ended June 30, 2017, the Company paid rent on these facilities of $166,000 and $387,000, respectively, and $165,000 and $375,000 for the comparable periods in 2016, respectively.