Transactions with Related Persons

12 Months Ended

Dec. 31, 2018

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, 2018, the following table provides an analysis of changes in the loans outstanding during 2018 and 2017:



	Year ended December 31
(dollars in thousands)	2018			2017
Balance at January 1	$	74		$	353
New loans	134			11
Repayments	(9		)	(290		)
Balance at December 31	$	199		$	74

Unfunded loan commitments available to Related Persons were $4.3 million and $2.1 million as of December 31, 2018 and 2017, respectively.

During the third quarter of 2018, BancShares purchased 100,000 shares of its outstanding Class A common stock at a price of $465 per share from a related party.