Note 4 - Related Party Transactions

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

Note

4

:

Related Party Transactions

In the ordinary course of business, the Company, through its banking subsidiary, has granted loans to related parties, including executive officers and directors of Bankshares and its subsidiaries. Total funded credit extended to related parties amounted to

$18,700

at

December 31, 2018

and

$12,600

at

December 31, 2017.

During

2018,

there was a change in related party relationships that resulted in a decrease of

$782.

During

2018,

total principal additions were

$9,213

and principal payments were

$2,331.

The Company held

$6,911

in deposits for related parties as of

December 31, 2018

and

$15,612

as of

December 31, 2017.

The Company leases to a director a small office space. The lease payments totaled

$5

in

2018

and

$5

in

2017.