RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2015

Certain directors and executive officers of the Company and the Bank, including their immediate families and companies in which they are principal owners (more than ten percent), are indebted to the Company. Such indebtedness was incurred in the ordinary course of business on the same terms and at those rates prevailing at the time for comparable transactions with others.

A summary of loan activity with executive officers, directors, principal shareholders, and associates of such persons is listed below for the years ended December 31, 2015 and 2014:



(In Thousands)	Beginning Balance		New Loans		Repayments			Ending Balance
2014	$	10,955	$	7,920	$	(9,929	)	$	8,946
2015	$	8,946	$	8,693	$	(8,381	)	$	9,258

Deposits from related parties held by the Banks amounted to $13,330,000 at December 31, 2015 and $10,703,000 at December 31, 2014.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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