Related Party Transactions

12 Months Ended

Dec. 31, 2013

NOTE 14 - RELATED PARTY TRANSACTIONS

Certain directors, executive officers and companies with whom they are affiliated were loan customers during 2013. The following is an analysis of such loans:

	(Amounts in thousands)
Total related-party loans at December 31, 2012	$	3,362
New related-party loans		1,717
Repayments or other		(2,206	)
Total related-party loans at December 31, 2013	$	2,873

Deposits from executive officers, directors, and their affiliates at December 31, 2013 and 2012 were $2.4 million and $4.2 million, respectively.

The banking relationships were made in the ordinary course of business with the Bank.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details