RELATED-PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2012

RELATED-PARTY TRANSACTIONS

RELATED-PARTY TRANSACTIONS

14. RELATED-PARTY TRANSACTIONS

        Certain of the Company's directors, officers, principal stockholders, and their associates were customers of, or had transactions with, the Company or the Bank in the ordinary course of business during 2012 and 2011. Some of the Company's directors are directors, officers, trustees, or principal securities holders of corporations or other organizations that also were customers of, or had transactions with, the Company or the Bank in the ordinary course of business during 2012 and 2011.

        All outstanding loans and other transactions with the Company's directors, officers, and principal shareholders were made in the ordinary course of business on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons and, when made, did not involve more than the normal risk of collectibility or present other unfavorable features.

        The following table summarizes the activity in these loans during 2012 and 2011:

	Years Ended December 31,
	2012			2011
Balance at beginning of year	$	12,073,831		$	9,910,009
New loans		1,339,485			2,591,519
Repayments		(1,613,600	)		(427,697	)
Balance—end of year	$	11,799,716		$	12,073,831

        Deposits by directors and executive officers of the Company and the Bank, and associates of such persons, totaled $6,487,889 and $6,502,533 at December 31, 2012 and 2011, respectively.