Transactions with Related Parties

12 Months Ended

Dec. 31, 2019

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 principal stockholders, directors, principal officers, their immediate families and affiliated companies in which they are principal stockholders (commonly referred to as related parties), all of which have been, in the opinion of management, on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated parties and which do not represent more than the normal risk of collectability or present other unfavorable features.

Aggregate loan transactions with related parties for the years ended December 31 were as follows:



	2019			2018
	(Dollars in thousands)
Balance, January 1,	$	749		$	961
New loans and advances on lines	1,045			827
Repayments	(690		)	(1,039		)
Other, net	196			—
Balance, December 31,	$	1,300		$	749
Balance available on lines of credit or loan commitments	$	1,153		$	693

There were no loans to related parties that were past due, in nonaccrual status or that had been restructured to provide a reduction or deferral of interest or principal because of deterioration in the financial position of the borrower, or that were considered classified at December 31, 2019 or 2018.

Deposit accounts with related parties were $1.3 million and $1.2 million at December 31, 2019 and 2018, respectively. Union's Asset Management Group also invested $348 thousand and $397 thousand in certificates of deposit with Union at December 31, 2019 and 2018, respectively.