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Related Party Transactions
6 Months Ended
Jun. 30, 2011
Related Party Transactions [Abstract]  
Related Party Transactions
Note 4. Related Party Transactions
The Company paid $48 thousand during the first six months of 2011 for legal services to a firm of which a Director of the Company is a principal. The Company also paid $24 thousand during the six months ended June 30, 2011 for computer related services to a firm of which a Director is a principal. The above transactions have been consummated on terms equivalent to those that prevail in arms length transactions.
Executive officers, directors and their affiliated interests enter into loan transactions with the Company in the ordinary course of business. These loans are made on the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans with unrelated borrowers. They do not involve more than normal risk of collectability or present other unfavorable terms. At June 30, 2011 the amounts of such loans outstanding were $2.8 million.
Deposit balances of executive officers, directors and their affiliated interests totaled $11.4 million at June 30, 2011.