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Transactions with Related Parties
12 Months Ended
Dec. 31, 2012
Transactions with Related Parties
15. Transactions with Related Parties:

The Company has granted loans to officers and directors and to companies with which they are associated. Such loans are made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated parties. Activity with respect to these loans during the year ended December 31 was as follows:

 

     2012     2011     2010  

Balance, beginning of year

   $ 994      $ 993      $ 1,088   

Additions or renewals

     49        204        828   

Amounts collected

     (910     (203     (923
  

 

 

   

 

 

   

 

 

 

Balance, end of year

   $ 133      $ 994      $ 993   
  

 

 

   

 

 

   

 

 

 

In addition, there were $193 in commitments to extend credit to directors and officers at December 31, 2012, which are included among loan commitments, disclosed in Note 16.