XML 63 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
Related Party Transactions
12 Months Ended
Dec. 31, 2012
Related Party Transactions [Abstract]  
Related Party Transactions

Note 20. Related Party Transactions

In the ordinary course of business, the Corporation has made loans and commitments to extend credit to certain directors and executive officers of the Corporation and companies in which directors have an interest (Related Parties). These loans and commitments have been made on substantially the same terms, including interest rates and collateral, as those prevailing at the same time for comparable transactions with customers not related to the lender and did not involve more than the normal risk of collectability or present other unfavorable terms.

The following table provides a summary of activity for loans to Related Parties during the year ended December 31, 2012:

 

         
(Dollars in thousands)      

Balance at January 1, 2012

  $ 22,946  

Additions

    3,101  

Amounts collected and other reductions

    (3,163
   

 

 

 

Balance at December 31, 2012

  $ 22,884  
   

 

 

 

The following table provides additional information regarding transactions with Related Parties at December 31, 2012:

 

         
    At December 31,  
(Dollars in thousands)   2012  

Commitments to extend credit

  $ 16,859  

Standby and commercial letters of credits

    577  

Deposits received

    9,015