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Deferred Compensation Plans
12 Months Ended
Dec. 31, 2011
Deferred Compensation Plans [Abstract]  
Deferred Compensation Plans

NOTE 10. DEFERRED COMPENSATION PLANS

The Company and the Bank have entered into separate deferred compensation arrangements with certain former executive officers and directors. The plans call for certain amounts payable at retirement, death or disability. The estimated present value of the deferred compensation is being accrued over the expected service period. The Company and the Bank have purchased life insurance policies which they intend to use to finance this liability. Cash surrender value of life insurance of $2.42 million and $2.33 million at December 31, 2011 and 2010, respectively, is included in other assets. Accrued deferred compensation of $833,000 and $899,000 at December 31, 2011 and 2010, respectively, is included in other liabilities. Aggregate compensation expense under the plans was $95,000 per year for 2011, 2010 and 2009, which is included in other operating expenses.