Cash and Due from Banks

12 Months Ended

Dec. 31, 2012

Cash and Cash Equivalents [Abstract]

Cash and Due from Banks [Text Block]

Cash and Due from Banks

Aggregate cash and due from bank balances of $1,134,000, $873,000 and $318,000 were maintained in satisfaction of statutory reserve requirements of the Federal Reserve Bank at December 31, 2012, 2011 and 2010, respectively. Effective July 21, 2010, the FDIC’s insurance limits were permanently increased to $250,000. At December 31, 2012, the Company’s cash accounts did not exceed the federally insured limits.

Pursuant to legislation enacted in 2010, the FDIC fully insured all noninterest-bearing transaction accounts beginning December 31, 2010 through December 31, 2012, at all FDIC-insured institutions. This legislation expired on December 31, 2012. Beginning January 1, 2013, noninterest-bearing transaction accounts are subject to the $250,000 limit on FDIC insurance per covered institution.