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Related Party Transactions
9 Months Ended
Sep. 30, 2019
Related Party Transactions [Abstract]  
Related Party Transactions
NOTE 14 – RELATED PARTY TRANSACTIONS
A summary of loans to directors, executive officers, and their affiliates follows:
 
   
September 30,
2019
   
December 31,
2018
 
   
(in thousands)
 
Beginning balance
  $1,289   $1,477 
New loans
   357    62 
Repayments
   (461   (250
   
 
 
   
 
 
 
Ending balance
  $1,185   $1,289 
   
 
 
   
 
 
 
Deposits from directors, executive officers, and their affiliates totaled $1,708 and $938 at September 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 $8 and $12 during the three months ended September 30, 2019 and 2018, respectively, and $29 and $33 nine months ended September 30, 2019 and 2018, respectively
.