LOANS TO RELATED PARTIES

12 Months Ended

Dec. 31, 2016

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 $1,947,000 and $2,017,000 as of December 31, 2016 and 2015, respectively.  During the year ended December 31, 2016, principal payments totaled $374,000 and principal advances amounted to $304,000.