Annual report pursuant to Section 13 and 15(d)

Related Party Transactions

v2.4.1.9
Related Party Transactions
12 Months Ended
Dec. 31, 2014
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 $4.1 million at December 31, 2014 and approximately $4.9 million at December 31, 2013. For the year ended December 31, 2014, the following activity occurred on these loans:
 
 
 
(Dollars in thousands)
 
Aggregate balance at the beginning of the year
 
$
4,900
 
New loans
 
 
787
 
Repayments
 
 
(1,589
)
Aggregate balance at the end of the year
 
$
4,098
 
 
Deposits from directors and executive officers totaled approximately $2.2 million and $3.9 million at December 31, 2014 and 2013, respectively.