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

Note 14. Transactions with Related Parties

During the year, executive officers and directors (and companies controlled by them) were customers of and had transactions with the Company in the normal course of business. These transactions were made on substantially the same terms as those prevailing for other customers.

At December 31, 2011 and 2010, these loans totaled $11.3 million and $11.7 million, respectively. During 2011, total principal additions were $3.5 million and total principal payments were $3.8 million. At December 31, 2011, the Bank had loans totaling $1.8 million with one director that were rated substandard and considered impaired. These loans included a $300 thousand joint loan with another director. The specific reserve for this relationship totaled $22 thousand at December 31, 2011. Subsequent to year end, the Bank downgraded certain loans totaling $5.1 million with a second director. There was no specific reserve on these loans. These loans were reported in the substandard category as of December 31, 2011.

Deposits from related parties held by the Bank at December 31, 2011 and 2010 amounted to $3.7 million and $4.2 million, respectively.