XML 37 R25.htm IDEA: XBRL DOCUMENT

Related Party Transactions	12 Months Ended
Dec. 31, 2014
Related Party Transactions [Abstract]
Related Party Transactions	Note 17: Related Party Transactions Certain directors, executive officers and principal shareholders of the Company, including associates of such persons, are loan customers of State Bank. State Bank had $0.17 million in loans outstanding to two related parties at December 31, 2014. State Bank did not have loans aggregating $0.06 million or more to any one related party for the years ended December 31, 2013. In management’s opinion, such loans and other extensions of credit and deposits were made in the ordinary course of business and were made on substantially the same terms (including interest rates and collateral) as those prevailing at the time for comparable transactions with other persons. Further, in management’s opinion, these loans did not involve more than normal risk of collectability or present other unfavorable features. Deposits from related parties held by State Bank at December 31, 2014 and 2013, totaled $0.54 million and $0.39 million, respectively.

Related Party Transactions

12 Months Ended

Dec. 31, 2014

Note 17: Related Party Transactions

Certain directors, executive officers and principal shareholders of the Company, including associates of such persons, are loan customers of State Bank. State Bank had $0.17 million in loans outstanding to two related parties at December 31, 2014. State Bank did not have loans aggregating $0.06 million or more to any one related party for the years ended December 31, 2013.

In management’s opinion, such loans and other extensions of credit and deposits were made in the ordinary course of business and were made on substantially the same terms (including interest rates and collateral) as those prevailing at the time for comparable transactions with other persons. Further, in management’s opinion, these loans did not involve more than normal risk of collectability or present other unfavorable features.

Deposits from related parties held by State Bank at December 31, 2014 and 2013, totaled $0.54 million and $0.39 million, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details