Related Party Transactions

12 Months Ended

Dec. 31, 2012

Related Party Transactions

Related Party Transactions

Note 23—Related Party Transactions

        During 2012 and 2011, the Company's banking subsidiary had loan and deposit relationships with certain related parties, principally directors and executive officers, their immediate families and their business interests. All of these relationships were in the ordinary course of business at rates and terms substantially consistent with similar transactions with unrelated parties. Loans outstanding to this group (including immediate families and business interests) totaled $9.7 million and $11.8 million at December 31, 2012 and 2011 respectively. During 2012, $6.2 million of new loans were made to this group while repayments of $8.3 million were received during the year. There were also certain individuals that were considered related parties in 2011 who were not considered related parties in 2012 due to retirement, change in job function, or other reasons. Related party deposits totaled approximately $8.4 million and $10.5 million at December 31, 2012 and 2011, respectively.