Annual report pursuant to Section 13 and 15(d)

Related Party Transactions

v2.4.0.8
Related Party Transactions
12 Months Ended
Dec. 31, 2013
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
Note 13 – Related Party Transactions
 
The Bancorp had aggregate loans outstanding to directors and executive officers (with individual balances exceeding $120,000) of approximately $4,900,000 at December 31, 2013 and approximately $4,036,000 at December 31, 2012. For the year ended December 31, 2013, the following activity occurred on these loans:
 
 
 
(Dollars in thousands)
 
Aggregate balance at the beginning of the year
 
$
4,036
 
New loans
 
 
2,004
 
Repayments
 
 
(1,140)
 
Aggregate balance at the end of the year
 
$
4,900
 
 
Deposits from directors and executive officers totaled approximately $3,897,000 and $2,774,000 at December 31, 2013 and 2012, respectively.