Annual report pursuant to Section 13 and 15(d)

Related Party Transactions

v3.8.0.1
Related Party Transactions
12 Months Ended
Dec. 31, 2017
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
Note 14 – Related Party Transactions
 
The Bancorp had aggregate loans outstanding to directors and executive officers (with individual balances exceeding $120 thousand) of approximately $1.7 million at December 31, 2017 and approximately $3.7 million at December 31, 2016. For the year ended December 31, 2017, the following activity occurred on these loans:
 
 
 
(Dollars in thousands)
 
Aggregate balance at the beginning of the year
 
$
3,691
 
New loans
 
 
426
 
Repayments
 
 
(2,450
)
Aggregate balance at the end of the year
 
$
1,667
 
 
Deposits from directors and executive officers totaled approximately $4.4 million and $4.1 million at December 31, 2017 and 2016, respectively.