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Related Party Transactions
9 Months Ended
Sep. 30, 2011
Related Party Transactions [Abstract] 
Related Party Transactions

Note 26 – Related Party Transactions

Certain directors, officers, and companies with which they are associated were customers of, and had banking transactions with, the Company or the Bank in the ordinary course of business. It is the Company’s policy that all loans and commitments to lend to officers and directors be made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other borrowers of the Bank.

The following table summarizes the activity in these loans for the periods indicated (in thousands):

 

         

Balance December 31, 2009

  $ 5,245  

Advances/new loans

    1,999  

Removed/payments

    (4,673
   

 

 

 

Balance December 31, 2010

  $ 2,571  

Advances/new loans

    312  

Removed/payments

    (1,021
   

 

 

 

Balance September 30, 2011

  $ 1,862