Related Parties

12 Months Ended

Dec. 31, 2011

Related Parties [Abstract]

RELATED PARTIES

NOTE 10 – RELATED PARTIES

Certain directors and executive officers of the Bank, including their immediate families and companies in which they are principal owners, were loan customers of the Bank. At year-end 2011 and 2010, the Bank had $2.0 million and $10.9 million in loan commitments to directors and executive officers, of which $1.2 million and $10.9 million were outstanding at year-end 2011 and 2010, respectively, as reflected in the following table. The line item entitled “Adjustments” primarily relates to Board member retirements during 2011 and 2010.

	2011			2010
Beginning balance	$	10,881,000		$	12,174,000
New loans		147,000			79,000
Repayments		(195,000	)		(757,000	)
Adjustments		(9,591,000	)		(615,000	)
Ending balance	$	1,242,000		$	10,881,000

Related party deposits and repurchase agreements totaled $2.0 million and $9.8 million at year-end 2011 and 2010, respectively.