Employee Benefits

12 Months Ended

Dec. 31, 2011

Compensation and Employee Benefit Plans [Abstract]

Employee Benefits

Note 12:  Employee Benefits

The Bank maintains an ESOP, which purchased 8% of the stock offered in the conversion using funds provided by an $824,000 loan from the Company, which was repaid by contributions to the ESOP by the Bank. Dividends paid on allocated shares are charged to retained earnings.

There was no ESOP expense recorded for 2011 and 2010.

	2011	2010
ESOP shares allocated	99,546	106,908

The Company has a retirement savings 401(k) plan covering substantially all employees. Employees may contribute up to 100% of their compensation with the Company matching 100% of the employee’s contribution on the first 4% of the employee’s compensation. Employer contributions charged to expense for 2011 and 2010 were $125,000 and $120,000, respectively.