Note 12 - Related Party Transactions |
12 Months Ended | ||||||||||||||||||||||
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Dec. 31, 2016 | |||||||||||||||||||||||
| Notes to Financial Statements | |||||||||||||||||||||||
| Related Party Transactions Disclosure [Text Block] |
The Company conducts transactions with directors and executive officers, including companies in which they have a beneficial interest, in the normal course of business. It is the Company’s policy to comply with federal regulations that require that loan and deposit transactions with directors and executive officers be made on substantially the same terms as those prevailing at the time for comparable loans made to and deposits received from other persons. At December 31, 2016 and 2015, deposits from directors, executive officers and their related interests aggregated approximately $28,937,000 and $15,517,000, respectively. These deposits were taken in the normal course of business at market interest rates. The following is a summary of activity for related party loans for 2016:
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