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Related Party Transactions
12 Months Ended
Dec. 31, 2012
Related Party Transactions

Note 6:          Related Party Transactions

 

The Bank has entered into transactions with certain directors, executive officers and significant shareholders of the Company and Bank 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 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 was as follows:

 

Balances, January 1, 2012   $ 7,782  
Change in composition     211  
New loans, including renewals     4,731  
Payments, etc., including renewals     4,701  
         
Balances, December 31, 2012   $ 8,023