Transactions with Related Parties

12 Months Ended

Dec. 31, 2019

Transactions with Related Parties

Transactions with Related Parties

Note 15. Transactions with Related Parties

The Company has had, and may be expected to have in the future, banking transactions in the ordinary course of business with related parties which include directors, executive officers, chief credit officers, their immediate families and affiliated companies in which they have 10% or more beneficial ownership, on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with others.

The following is an analysis of the changes in loans to related parties as a group during the year ended December 31, 2019 (dollars in thousands):

Balance at beginning of year	$	32,794
Change in relationship		17,772
New loans/advances		29,212
Repayments		(26,451)
Balance at end of year	$	53,327

Total unused commitments to directors and executive officers were $17.2 million at December 31, 2019.