BUSINESS ACQUISITION

6 Months Ended

Jun. 30, 2012

Business Combinations [Abstract]

BUSINESS ACQUISITION

NOTE 8: BUSINESS ACQUISITION

In the fourth quarter of 2011, the Corporation announced that it had entered into an agreement to merge the Bank with Dupont State Bank (“Dupont”), an Indiana commercial bank and wholly owned subsidiary of Citizens Union Bancorp of Shelbyville, Inc. (“Citizens”). At the effective time of the merger, the Corporation will pay Citizens $6,275,000 (the “Merger Consideration”) for its shares of Dupont. The transaction is anticipated to close in the third quarter of 2012, following receipt of the remaining regulatory approvals from the FDIC and the Board of Governors of the Federal Reserve System. The closing is subject to customary closing conditions.

After the combination, the surviving entity will be called “River Valley Financial Bank” and will operate as an Indiana-chartered commercial bank.