Transactions With Executive Officers, Directors And Principal Stockholders

12 Months Ended

Dec. 31, 2013

Transactions With Executive Officers, Directors And Principal Stockholders [Abstract]

Transactions With Executive Officers, Directors And Principal Stockholders

NOTE 17 – TRANSACTIONS WITH EXECUTIVE OFFICERS, DIRECTORS AND PRINCIPAL STOCKHOLDERS

The Company has had, and may be expected to have in the future, banking transactions in the ordinary course of business with its executive officers, directors, principal stockholders, their immediate families and affiliated companies (commonly referred to as related parties), on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with others. 

The related party loan activity for the years ended December 31, 2013 and 2012 is summarized as follows:

(Dollars in thousands)	2013		2012
Balance, beginning	$	5,325	$	4,699
Disbursements		3,362		1,199
Repayments and other		(2,256)		(573)
Balance, ending	$	6,431	$	5,325

Certain related parties of the Company provided legal services and appraisal services to the Company.  Legal services provided by related parties totaled $128 thousand and $144 thousand for the years ended December 31,2013 and 2012, respectively.  Appraisal services provided by related parties totaled$56 thousand and $37 thousand for the years ended December 31, 2013 and 2012, respectively.  The Company also paid rent to related parties for an office location in the amount of $154 thousand and $181 thousand for the years ended December 31, 2013 and 2012, respectively.