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Transactions with Executive Officers, Directors and Principal Stockholders
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12 Months Ended |
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Dec. 31, 2012
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| Transactions with Executive Officers, Directors and Principal Stockholders [Abstract] | |
| Transactions with Executive Officers, Directors and Principal Shareholders | Note 13 - Transactions with Executive Officers, Directors and Principal Stockholders The Company has had, and may be expected to have in the future, banking transactions in the ordinary course of business with its executive officers, directors, principal stockholders, their immediate families and affiliated companies (commonly referred to as related parties), on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with others.
Related parties were indebted to the Company for loans totaling $2.6 million and $2.2 million at December 31, 2012 and 2011, respectively. During 2012, loans totaling $1.1 million were disbursed and loan repayments totaled $776 thousand.
Fees paid to related parties for legal services for the years ended December 31, 2012 and 2011 were approximately $49 thousand and $31 thousand, respectively. The Company leases its main banking office from an investment group comprised of related parties and its West Broad Street office also from a related party, as described in Note 9.
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