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Restrictions On Dividends, Loans And Advances
12 Months Ended
Dec. 31, 2011
Restrictions On Dividends, Loans And Advances [Abstract]  
Restrictions On Dividends, Loans And Advances

NOTE 17. Restrictions On Dividends, Loans and Advances

Federal and state banking regulations place certain restrictions on dividends paid and loans or advances made by the Bank to the Company. The total amount of dividends which may be paid at any date is generally limited to the lesser of the Bank's retained earnings or the three preceding years' undistributed net income of the Bank. Loans or advances are limited to 10% of the Bank's capital stock and surplus on a secured basis. In addition, dividends paid by the Bank to the Company would be prohibited if the effect thereof would cause the Bank's capital to be reduced below applicable minimum capital requirements.

At December 31, 2011, the Bank's retained earnings available for the payment of dividends to the Company was $7,278,000. Accordingly, $51,879,000 of the Company's equity in the net assets of the Bank was restricted at December 31, 2011. Funds available for loans or advances by the Bank to the Company amounted to $1,146,000 at December 31, 2011.