Transactions with Related Persons

12 Months Ended

Dec. 31, 2017

TRANSACTIONS WITH RELATED PERSONS

BancShares has, and expects to have in the future, banking transactions in the ordinary course of business with directors, officers and their associates (Related Persons) and entities that are controlled by Related Persons.

For those identified as Related Persons as of December 31, 2017, the following table provides an analysis of changes in the loans outstanding during 2017 and 2016:



	Year ended December 31
(dollars in thousands)	2017			2016
Balance at January 1	$	353		$	79
New loans	11			314
Repayments	(290		)	(40		)
Balance at December 31	$	74		$	353

Unfunded loan commitments available to Related Persons were $2.1 million and $1.8 million as of December 31, 2017 and 2016, respectively.