Note 12 - Related Party Transactions
12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
(12)
Related Party Transactions
 
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:
 
 
Balance at December 31, 2015
  $
5,904
 
New loans
   
83
 
Repayments
   
(742
)
Balance at December 31, 2016
  $
5,245