Related Party Transactions

9 Months Ended

Sep. 30, 2014

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 2014 and 2013 (in thousands):


Balance December 31, 2012	$	2,368
Advances/new loans		1,154
Removed/payments		(886	)

Balance December 31, 2013	$	2,636
Advances/new loans		297
Removed/payments		(1,379	)

Balance September 30, 2014	$	1,554

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 $1,112,000 during the nine months ended September 30, 2014 and $4,261,000 during the year ended December 31, 2013.

- 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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