Annual report pursuant to Section 13 and 15(d)

Related Party Transactions

v3.3.1.900
Related Party Transactions
12 Months Ended
Dec. 31, 2015
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 $4.3 million at December 31, 2015 and approximately $4.1 million at December 31, 2014. For the year ended December 31, 2015, the following activity occurred on these loans:
 
 
 
(Dollars in thousands)
 
Aggregate balance at the beginning of the year
 
$
4,098
 
New loans
 
 
1,974
 
Repayments
 
 
(1,773
)
Aggregate balance at the end of the year
 
$
4,299
 
 
Deposits from directors and executive officers totaled approximately $2.8 million and $2.2 million at December 31, 2015 and 2014, respectively.