Restrictions On Subsidiary Dividends Loans Or Advances

12 Months Ended

Dec. 31, 2011

Disclosure Of Restrictions On Dividends Loans And Advances Disclosure [Abstract]

Restrictions On Dividends Loans And Advances [Text Block]

NOTE 15 - RESTRICTIONS ON SUBSIDIARY DIVIDENDS, LOANS OR ADVANCES

Banking laws and regulations restrict the amount the Bank can transfer to the Company in the form of cash dividends and loans. Under the Memorandum of Understanding described in Note 18, United Bank & Trust may not declare or pay any dividends without prior approval of its regulators. It is not the intent of Management to pay dividends in amounts that would reduce the capital of the Bank to a level below that which is considered prudent by Management and in accordance with the guidelines of regulatory authorities.