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Related Party Transactions
9 Months Ended
Sep. 30, 2017
Related Party Transactions [Abstract]  
Related Party Transactions
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 unfavorable features.
The outstanding balances of loans to related parties at September 30, 2017 and December 31, 2016 were $1.1 million and $1.3 million, respectively. Total deposits from related parties at September 30, 2017 and December 31, 2016 were $6.6 million and $3.6 million, respectively. During the third quarter of 2017, new loans and credit line advances to related parties and repayments were each less than $0.1 million. For the nine months ended September 30, 2017, new loans and credit line advances to related parties were $0.4 million and repayments were $0.6 million.