Related Party Transactions

12 Months Ended

Dec. 31, 2013

Note 19: Related Party Transactions

The Bank has entered into transactions with certain directors, executive officers, significant stockholders and their affiliates or associates (related parties). Such transactions were made in the ordinary course of business on substantially the same terms and conditions, including interest rates and collateral, as those prevailing at the same time for comparable transactions with other customers, and did not, in the opinion of management, involve more than normal credit risk or present other unfavorable features.

The aggregate amount of loans, as defined, to such related parties were as follows:

	2013			2012

Balances, January 1	$	1,631		$	2,188
Change in composition		-			-
New loans, including renewals		1,224			95
Payments, including renewals		(1,164	)		(652	)
Balances, December 31	$	1,691		$	1,631

Deposits from related parties held by the Bank at December 31, 2013 and 2012 totaled $1,724,000 and $1,747,000, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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