Commitments and Contingent Liabilities

12 Months Ended

Dec. 31, 2011

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

Note 12. Commitments and Contingent Liabilities

In the normal course of business, there are outstanding various commitments and contingent liabilities which are not reflected in the accompanying financial statements. The company does not anticipate losses as a result of these transactions. See Note 14 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 bi-weekly reporting periods which included December 31, 2011 and 2010, this requirement was met by the amount of vault cash.

The table below presents the contractual obligations of the company as of December 31, 2011 not disclosed in other notes:

	Lease		Lease
	Obligations		Obligations
	for		for
	Real Estate		Equipment
2012	$	40	$	29
2013		31		29
2014		- -		29
2015		- -		10
2016		- -		- -
Thereafter		- -		- -
	$	71	$	97