XML 110 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Cash Equivalents
 12 Months Ended
Dec. 31, 2012
Cash Equivalents [Abstract]  
Cash Equivalents

Note 3 — Cash Equivalents

The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. At December 31, 2012 and 2011, cash equivalents consisted primarily of deposit accounts with financial institutions.

Pursuant to legislation enacted in 2010, the FDIC fully insured all noninterest-bearing transaction accounts beginning December 31, 2010, through December 31, 2012, at all FDIC-insured institutions. This legislation expired on December 31, 2012. Beginning January 1, 2013, noninterest-bearing transaction accounts are subject to the $250,000 limit on FDIC insurance per covered institution.

At December 31, 2012, the Company’s cash accounts exceeded federally insured limits by approximately $4.8 million. At December 31, 2012, the Company had cash balances at the Federal Reserve Bank and Federal Home Loan Bank of Indianapolis of $741,000 that did not have FDIC insurance coverage.