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Related Party Transactions
12 Months Ended
Dec. 31, 2011
Related Party Transactions [Abstract]  
Related Party Transactions

Note 12 - Related Party Transactions

In the ordinary course of business, the Bank has granted loans to senior officers and directors and their affiliated companies amounting to $6.9 and $8.0 million at December 31, 2011 and 2010, respectively. New loans approved during 2011 were $312 thousand. During 2011, subsequent advances totaled $15.2 million and payments of $16.3 million were received. The difference in related borrowings amounted to $1.1 million, net reduction. Deposits of directors, executive officers and companies in which they have a direct or indirect ownership as of December 31, 2011 and 2010, amounted to $4.0 million and $3.8 million, respectively.