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Line Of Credit
12 Months Ended
Dec. 31, 2011
Line Of Credit [Abstract]  
Line Of Credit

NOTE 21 LINE OF CREDIT:

In June 2008, the Company obtained a three year revolving line of credit totaling $6.5 million from Silverton Bank. The interest rate is priced at Wall Street Journal Prime and will change as the Wall Street Journal Prime rate changes, subject to a floor rate of 5.00%. The interest rate at December 31, 2010 was 5.00%. Collateral for the line of credit is the subsidiary, New Peoples Bank, Inc. common stock. The line of credit was paid off and closed in 2011. The balance at December 31, 2010 was $4.9 million. The purpose of the line of credit was for general operations and capital injections to the subsidiaries.