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Funds Available for Dividends
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
Funds Available for Dividends

 

NOTE O   FUNDS AVAILABLE FOR DIVIDENDS

 

The Bank is restricted under applicable laws and regulatory authority in the payment of cash dividends. Such laws generally restrict cash dividends to the extent of the Bank's earnings.

 

No dividends were paid by the Bank to BOL Bancshares, Inc. during the years ended December 31, 2011, 2010, and 2009.