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Funds Restrictions And Reserve Balance
12 Months Ended
Dec. 31, 2011
Funds Restrictions And Reserve Balance [Abstract]  
Funds Restrictions And Reserve Balance

Note 11. Funds Restrictions and Reserve Balance

Transfers of funds from the banking subsidiary to the parent company in the form of loans, advances and cash dividends are restricted by federal and state regulatory authorities. The net loss totaled $10.3 million for the year ended December 31, 2011 compared to common dividends paid totaling $1.6 million during the same period. As a result, the Bank could not transfer funds to the Company without prior regulatory approval at December 31, 2011.

The Bank must maintain a reserve against its deposits in accordance with Regulation D of the Federal Reserve Act. For the final weekly reporting period in the years ended December 31, 2011 and 2010, the aggregate amounts of daily average required balances were approximately $2.1 million and $1.1 million, respectively.