Related Party Transactions

3 Months Ended

Mar. 31, 2013

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, 2011	$	1,764
Advances/new loans		1,568
Removed/payments		(964	)
Balance December 31, 2012	$	2,368
Advances/new loans		227
Removed/payments		(220	)
Balance March 31, 2013	$	2,375

Director Chrysler is a principal owner and CEO of Modern Building Inc. Modern Building Inc. provided construction services to Tri Counties Bank related to new and existing Bank facilities for aggregate payments of $1,601,000 during the three months ended March 31, 2013 and $3,924,000 during the year ended December 31, 2012.