TRANSACTIONS WITH RELATED PERSONS

12 Months Ended

Dec. 31, 2012

Related Party Transactions [Abstract]

Transactions with related persons

TRANSACTIONS WITH RELATED PERSONS

BancShares and FCB have had, and expect to have in the future, banking transactions in the ordinary course of business with directors, officers and their associates (Related Persons).

For those identified as Related Persons as of December 31, 2012, the following table provides an analysis of changes in the loans outstanding during 2012:

Balance at January 1, 2012	$	1,496
New loans	274
Repayments	459
Balance at December 31, 2012	$	1,311

Unfunded loan commitments available to Related Persons totaled $4,446 and $4,343 as of December 31, 2012, and 2011, respectively.

During 2012, BancShares purchased and retired 593,954 shares of Class B common stock from a shareholder and entities under the control of that shareholder. Until the time the shares were purchased, the shareholder served as a director of BancShares and FCB. The purchase of these shares was approved by the Board of Directors at a price approved by an independent committee of the Board.

BancShares provides processing and operational services to other financial institutions. Certain of these institutions are deemed to be Related Persons since significant shareholders of BancShares are also significant shareholders of the other banks. During 2012, 2011 and 2010, BancShares received $33,653, $34,536 and $33,654, respectively, for services rendered to these Related Persons. The amounts recorded from the largest individual institution totaled $22,793, $23,463 and $22,024 for 2012, 2011 and 2010, respectively.

Investment securities available for sale include an investment in a financial institution controlled by Related Persons. This investment had a carrying value of $16,069 and $14,777 at December 31, 2012, and 2011, respectively. The investment had a cost of $452 at December 31, 2012 and $508 at December 31, 2011.