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RELATED PARTY TRANSACTIONS
3 Months Ended
Mar. 31, 2020
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS
19. RELATED PARTY TRANSACTIONS
In the ordinary course of business, from time to time we enter into transactions with related parties, including, but not limited to, our officers and directors. These transactions are made on substantially the same terms and conditions, including interest rates and collateral requirements, as those prevailing at the same time for comparable transactions with other customers. They do not, in the opinion of management, involve greater than normal credit risk or include other features unfavorable to us. Any related party loans exceeding $0.5 million require review and approval by the Board of Directors. During the three months ended March 31, 2020 and 2019, there were no loans originated to related parties exceeding $0.5 million.
The outstanding balances of loans to related parties at March 31, 2020 and December 31, 2019 were $1.0 million at both periods. Total deposits from related parties at March 31, 2020 and December 31, 2019 were $4.7 million and $4.9 million, respectively. During the first quarter of 2020, new loans and credit line advances to related parties were less than $0.1 million and repayments were less than $0.1 million.