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Related Party Transactions
12 Months Ended
Dec. 31, 2013
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 $5.9 and $6.5 million at December 31, 2013 and 2012, respectively. New loans approved during 2013 were $582 thousand. During 2013, subsequent advances totaled $11.3 million and payments of $11.8 million were received. The difference in related borrowings amounted to $506 thousand, net reduction. Deposits of directors, executive officers and companies in which they have a direct or indirect ownership as of December 31, 2013 and 2012, amounted to $22.3 million and $4.2 million, respectively.