RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2013

The Company has entered into related party transactions with various directors and executive officers. Management believes these transactions do not involve more than a normal risk of collectability or present other unfavorable features. The following table provides a summary of the loan activity for these officers and directors for the years ended December 31 (in thousands):



	2013			2012
Beginning balance	$	1,108		712
Additions	217			889
Reductions	(324		)	(493	)
Ending Balance	$	1,001		1,108

Deposits from executive officers, directors and related interests of such persons held by the Company at December 31, 2013 and 2012 amounted to $3,338,000 and $5,527,000, 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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