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Related Party Transactions
 12 Months Ended
Dec. 31, 2012
Related Party Transactions [Abstract]  
Related Party Transactions

NOTE 27.  RELATED PARTY TRANSACTIONS

In the ordinary course of business, the Bank has made loans to its directors and executive officers (and their associated and affiliated companies). All such loans have been made on the same terms as those prevailing at the time of origination to other borrowers.

The following table presents a summary of aggregate activity involving related party borrowers for the years ended December 31, 2012, 2011 and 2010:

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

 

2011

 

 

2010

Loans outstanding at beginning of year

 

$
12,245 

 

$
9,264 

 

$
12,301 

New loans and advances

 

 
2,697 

 

 
10,041 

 

 
1,409 

Less loan repayments

 

 
(2,113)

 

 
(7,060)

 

 
(3,467)

Reclassification (1)

 

 
(557)

 

 

 -

 

 
(979)

Loans outstanding at end of year

 

$
12,272 

 

$
12,245 

 

$
9,264 

 

(1)  Represents loans that were once considered related party but are no longer considered related party, or loans that were not related party that subsequently became related party loans.

 

At December 31, 2012 and 2011 deposits of related parties amounted to $16.3 million and $18.9 million, respectively.