Related Party Transactions

12 Months Ended

Dec. 31, 2013

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.

The following table summarizes the activity in these loans for 2013 and 2012 (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		1,154
Removed/payments		(886	)

Balance December 31, 2013	$	2,636

Director Chrysler is a principal owner and CEO of Modern Building Inc. Modern Building Inc. provided construction services to the Company related to new and existing Bank facilities for aggregate payments of $4,261,000, $3,587,000, and $754,000 during 2013, 2012 and 2011, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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