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LOANS TO RELATED PARTIES
12 Months Ended
Dec. 31, 2015
LOANS TO RELATED PARTIES  
LOANS TO RELATED PARTIES

14.LOANS TO RELATED PARTIES

 

In the ordinary course of business, the Bank grants loans to its Executive Officers and Directors and their affiliates.  Total loans to such persons and their affiliates amounted to $2,017,000 as of December 31, 2015.  During the year ended December 31, 2015, principal payments totaled $1,072,000 and principal advances amounted to $1,126,000.