Related Party Transactions

12 Months Ended

Dec. 31, 2016

NOTE 12, Related Party Transactions

In the ordinary course of business, the Company has granted loans to principal stockholders, executive officers and directors and their affiliates. These loans were made on substantially the same terms and conditions, including interest rates, collateral and repayment terms, as those prevailing at the same time for comparable transactions with unrelated persons, and, in the opinion of management and the Company's board of directors, do not involve more than normal risk or present other unfavorable features. None of the principal stockholders, executive officers or directors had direct or indirect loans exceeding 10 percent of stockholders' equity at December 31, 2016.

Annual activity consisted of the following:

	2016			2015
	(in thousands)
Balance, beginning of year	$	4,429		$	5,787
Additions		110			4
Reductions		(185	)		(1,362	)
Balance, end of year	$	4,354		$	4,429

Deposits from related parties held by the Company at December 31, 2016 and 2015 amounted to $13.8 million and $14.4 million, respectively.