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Related Party Transactions

6 Months Ended

Jun. 30, 2019

NOTE 13 – RELATED PARTY TRANSACTIONS

A summary of loans to directors, executive officers, and their affiliates follows:


	June 30, 2019			December 31, 2018
	(in thousands)
Beginning balance	$	1,289		$	1,477
New loans		340			62
Repayments		(250	)		(250	)

Ending balance	$	1,379		$	1,289

Deposits from directors, executive officers, and their affiliates totaled $1,242 and $938 at June 30, 2019 and December 31, 2018, respectively.

The Bank utilizes the services of law firms in which certain of the Bank’s directors are partners. Fees paid to the firms for these services were $9 and $8 during the three months ended June 30, 2019 and 2018, respectively, and $21 and $21 six months ended June 30, 2019 and 2018, respectively.