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Related Party Transactions
12 Months Ended
Dec. 31, 2015
Related Party Transactions  
Related Party Transactions

Note 23—Related Party Transactions

During 2015 and 2014, the Company’s banking subsidiary had loan and deposit relationships with certain related parties, principally directors and executive officers, their immediate families and their business interests. All of these relationships were in the ordinary course of business at rates and terms substantially consistent with similar transactions with unrelated parties. Loans outstanding to this group (including immediate families and business interests) totaled $23.6 million and $10.7 million at December 31, 2015 and 2014 respectively. During 2015, $16.3 million of new loans were made to this group while repayments of $3.5 million were received during the year. There were also certain individuals that were considered related parties in 2014 who were not considered related parties in 2015 due to retirement, change in job function, or other reasons. Related party deposits totaled approximately $20.4 million and $15.5 million at December 31, 2015 and 2014, respectively.