RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2018

NOTE 17 – RELATED PARTY TRANSACTIONS

Certain of our directors and executive officers, including companies in which they are officers or have significant ownership, were loan and deposit customers during 2018 and 2017.

A summary of loans to our directors and executive officers whose borrowing relationship (which includes loans to entities in which the individual owns a 10% or more voting interest) exceeds $60,000 for the years ended December 31 follows:

	2018			2017
	(In thousands)

Balance at beginning of year	$	2,569		$	415
New loans and advances		13,484			2,945
Repayments		(1,894	)		(791	)
Balance at end of year	$	14,159		$	2,569

Deposits held by us for directors and executive officers totaled $1.5 million and $1.4 million at December 31, 2018 and 2017, respectively.