Related Party Transactions

9 Months Ended

Sep. 30, 2012

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, 2010	$	2,571
Advances/new loans		378
Removed/payments		(1,185	)
Balance December 31, 2011	$	1,764
Advances/new loans		1,082
Removed/payments		(834	)
Balance September 30, 2012	$	2,012