SIERRA BANCORP AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
105
18.
RELATED PARTY TRANSACTIONS
During the normal course of business, the Bank enters into loans with related parties, including executive
officers and directors. These loans are made with substantially the same terms, including rates and
collateral, as loans to unrelated parties. The following is a summary of the aggregate activity involving
related party borrowers (dollars in thousands):
2014
2013
2012
Balance, beginning of year
$ 566
$ 629
$ 2,471
Disbursements
13,843
543
625
Amounts repaid
(12,006) (606) (2,467)
Balance, end of year
$ 2,403
$ 566
$ 629
Undisbursed commitments to related parties $ 1,428
$ 460
$ 330
Year Ended December 31,
Deposits from related parties held by the Bank at December 31, 2014 and 2013 amounted to $6,070,000
and $7,523,000, respectively.
