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Note 12 - Related Party Transactions
12 Months Ended
Dec. 31, 2013
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]

Note 12 - Related Party Transactions      


During 2013, approximately $897 thousand in interest was paid to the current or former directors of the Company or accounts for the benefit of such persons in respect of subordinated notes, which were amended in 2013. See Note 8 for additional information regarding the subordinated notes.


The Bank leases office space, at a current monthly base rental of $96,125, excluding certain pass through expenses, from limited liability companies in which a trust for the benefit of an executive officer’s children has an 85% interest in one instance and a 51% interest in another.


The Bank has obtained certain deposits through title company clients in which a director of the Bank has a direct interest and for which a broker fee of 0.50% of average deposits is paid monthly in arrears. During 2013 and 2012, approximately $1 thousand and $2 thousand, respectively, in broker fees were paid.


Mr. Rogers is a partner in the law firm Shulman, Rogers, Gandal, Pordy & Ecker, P.A. which has provided, and continues to provide, legal services to the Company and its subsidiaries. During 2013, the Company and its subsidiaries paid aggregate fees of $970,840 to that firm. Under Mr. Roger’s arrangement with his firm, he does not participate in the profits or revenues resulting from the provision of legal services to the Company and its subsidiaries, and he receives no other compensation or benefits in lieu of such participation.