Note 20.

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 $2,606,036 and $2,236,794 at December 31, 2013 and 2012, respectively. All such loans, in the opinion of management, were made in the normal course of business on the same terms, including interest rate, collectibility and collateral, as those prevailing at the time for comparable transactions.


Balance, January 1, 2013	$	2,236,794
New loans and extensions to existing loans		1,021,204
Repayments and other reductions		(651,962	)

Balance, December 31, 2013	$	2,606,036

Unfunded commitments to extend credit to directors and their related interests were $2,032,041 and $1,550,188 at December 31, 2013 and 2012, 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, 2013 and 2012 amounted to $427,541 and $666,510, respectively.