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Employee Benefits
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
Employee Benefits

 

NOTE Q   EMPLOYEE BENEFITS

 

Effective January 1, 2001, the Bank adopted a Section 401(k) savings plan. The Plan covers substantially all employees who are at least eighteen years old and have completed six months of continuous service. The Bank may make discretionary contributions and is not required to match employee contributions under the plan. The Bank made no contributions to the plan during the years ended December 31, 2011, 2010 or 2009.