In the ordinary course of business, the Bank maintains loan and deposit relationships with employees, principal officers and directors.  The Bank has granted loans to principal officers and directors and their affiliates amounting to $1.4 million and $1.5 million at December 31, 2013 and 2012, respectively.  During 2013, total principal additions and total principal repayments associated with these loans were $100,000 and $118,000, respectively.  Deposits from principal officers and directors held by the Bank at December 31, 2013 and 2012 totaled $3.7 million and $3.8 million, respectively.

 

In addition, directors and their affiliates may provide certain professional and other services to the Corporation and the Bank in the ordinary course of business.   During 2013 and 2012, amounts paid to affiliates for such services totaled $63,000 and $56,000, respectively.