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SIERRA BANCORP AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
108
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):
2015
2014
2013
Balance, beginning of year
$ 3,188
$ 3,742
$ 3,719
Disbursements
5,652
11,850
1,143
Amounts repaid
(6,056) (12,404) (1,120)
Balance, end of year
$ 2,784
$ 3,188
$ 3,742
Undisbursed commitments to related parties $ 2,121
$ 2,272
$ 1,871
Year Ended December 31,
Deposits from related parties held by the Bank at December 31, 2015 and 2014 amounted to $6,464,000 and
$6,283,000, respectively.