Related Parties

12 Months Ended

Dec. 31, 2012

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 2012 and 2011, the Bank had $2.9 million and $2.0 million in loan commitments to directors and executive officers, of which $1.4 million and $1.2 million were outstanding at year-end 2012 and 2011, respectively, as reflected in the following table. The line item entitled “Adjustments” primarily relates to Board member retirements during 2012 and 2011.

	2012			2011
Beginning balance	$	1,242,000		$	10,881,000
New loans		324,000			147,000
Repayments		(110,000	)		(195,000	)
Adjustments		(38,000	)		(9,591,000	)
Ending balance	$	1,418,000		$	1,242,000

Related party deposits and repurchase agreements totaled $3.3 million and $2.0 million at year-end 2012 and 2011, respectively.