Annual report pursuant to Section 13 and 15(d)

Related Party Transactions

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Related Party Transactions
12 Months Ended
Dec. 31, 2018
Related Party Transactions [Abstract]  
Related Party Transactions
Note 15 –
Related Party Transactions
 
The Bancorp had aggregate loans outstanding to directors and executive officers (with individual balances exceeding $120 thousand) of approximately $2.6 million at December 31, 2018 and approximately $1.7 million at December 31, 2017. For the year ended December 31, 2018, the following activity occurred on these loans
 
 
 
(Dollars in thousands)
 
Aggregate balance at the beginning of the year
 
$
1,667
 
New loans
 
 
-
 
Draws
 
 
1,268
 
Repayments
 
 
(337
Aggregate balance at the end of the year
 
$
2,598
 
 
Deposits from directors and executive officers totaled approximately $3.5 million and $4.4 million at December 31, 2018 and 2017, respectively.