Related Parties

12 Months Ended

Dec. 31, 2012

Related Parties [Abstract]

Related Parties

Note 19. Related Parties

The Company has entered into transactions with its directors and principal officers of the Company, their immediate families and affiliated companies in which they are the principal stockholders (related parties). The aggregate amount of loans to such related parties was $2,236,794 and $3,524,211 at December 31, 2012 and 2011, respectively. All such loans, in the opinion of the management, were made in the normal course of business on the same terms, including interest rate and collateral, as those prevailing at the time for comparable transactions.

Balance, January 1, 2012	$	3,524,211
New loans and extensions to existing loans		612,056
Repayments and other reductions		(1,899,473	)
Balance, December 31, 2012	$	2,236,794

Unfunded commitments to extend credit to directors and their related interests were $1,550,188 and $941,023 at December 31, 2012 and 2011, respectively.

The Company also maintains deposit accounts with some of its executive officers, directors and their affiliated entities. The aggregate amount of these deposit accounts at December 31, 2012 and 2011 amounted to $666,510 and $555,491, respectively.