Contingent Liabilities and Commitments

12 Months Ended

Dec. 31, 2011

Contingent Liabilities and Commitments [Abstract]

Contingent Liabilities and Commitments

Note 12. Contingent Liabilities and Commitments

In the normal course of business, there are outstanding various commitments and contingent liabilities, which are not reflected in the accompanying consolidated financial statements.  The Company does not anticipate any material loss as a result of these transactions.

See Note 15 with respect to financial instruments with off-balance-sheet risk.

The Company must maintain a reserve against its deposits in accordance with Regulation D of the Federal Reserve Act.  For the final weekly reporting period in the years ended December 31, 2011 and 2010, the aggregate amount of daily average required reserves was approximately $5,523,000 and $4,735,000, respectively.