Annual report pursuant to Section 13 and 15(d)

RELATED PARTY TRANSACTIONS (Tables)

v2.4.0.8
RELATED PARTY TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2013
RELATED PARTY TRANSACTIONS [Abstract]  
Schedule of Loans and Leases Receivable, Related Parties

The following schedule summarizes the changes in loan amounts outstanding to these persons during the periods indicated (dollars in thousands):

 

 

 

 

 

 

 

 

2013

 

2012

Loans outstanding at January 1

$           51,543

 

$          29,416

 

New loans and advances

8,496 

 

29,132 

 

Loan repayments

(7,440)

 

(7,005)

 

Reclassification(1)

(17,716)

 

 -

Balance at December 31

$           34,883

 

$          51,543

 

 

 

 

 

 

(1)

Primarily loans of $17.5 million to two former directors who retired from the Board in April 2013 and loans to other persons  no longer considered related party or loans that were not considered related party in 2012 that subsequently became related party loans in 2013