Employee Stock Purchase Plan

12 Months Ended

Dec. 31, 2011

Employee Stock Purchase Plan [Abstract]

Employee Stock Purchase Plan

NOTE 17: EMPLOYEE STOCK PURCHASE PLAN

The 2004 Blue Valley Ban Corp. employee stock purchase plan ("ESPP") provides the right to subscribe to 100,000 shares of common stock to substantially all employees of the Company and subsidiaries, except those who are 5% or greater shareholders of the Company. The purchase price for shares under the plan is determined by the Company's Board of Directors (or a designated Committee thereof) and was set to 85% of the market price on either the grant date or the offering date, whichever is lower, for the plan year beginning in February 2004. Expense associated with the plan recognized in 2011, 2010 and 2009 was approximately $4,000, $3,000 and $7,000, respectively. Information about employee stock purchase plan activity as of December 31, 2011, 2010 and 2009 is set forth in the following table.

	Employee Stock Purchase Plan Activity
Plan year ending January	Shares purchased		Purchase Price
2011	2,628	$	6.80
2010	3,465	$	8.71
2009	2,495	$	21.25