XML 98 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
Transactions with Related Parties
 12 Months Ended
Dec. 31, 2012
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. In management’s opinion, these transactions were made on substantially the same terms as those prevailing for other customers.

At December 31, 2012 and 2011, these loans totaled $8.9 million and $11.3 million, respectively. During 2012, total principal additions were $865 thousand and total principal payments were $3.3 million. At December 31, 2012, the Bank had loans totaling $723 thousand with one director that were rated substandard and considered impaired. The specific reserve for this relationship totaled $31 thousand at December 31, 2012. These loans were reported in the substandard category as of December 31, 2012.

Deposits from related parties held by the Bank at December 31, 2012 and 2011 amounted to $10.5 million and $3.7 million, respectively.