Annual report pursuant to Section 13 and 15(d)

Note 15 - Related Party Transactions

v3.20.1
Note 15 - Related Party Transactions
 12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
Note
1
5
–
Related Party Transactions
The Bancorp had aggregate loans outstanding to directors and executive officers (with individual balances exceeding
$120
thousand) of approximately
$4.0
million at
December 31, 2019
and approximately
$2.6
million at
December 31, 2018.
For the year ended
December 31, 2019,
the following activity occurred on these loans
 
   
(Dollars in thousands)
  
Aggregate balance at the beginning of the year
   $
2,598
  
New loans
    
1,946
  
Repayments
    
(523
 )
Aggregate balance at the end of the year
   $
4,021
  
 
Deposits from directors and executive officers totaled approximately
$4.5
million and
$3.5
million at
December 31, 2019
and
2018,
respectively.