Annual report pursuant to Section 13 and 15(d)

CONCENTRATIONS OF CREDIT

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CONCENTRATIONS OF CREDIT
12 Months Ended
Dec. 31, 2013
Risks and Uncertainties [Abstract]  
CONCENTRATIONS OF CREDIT
NOTE 19.              CONCENTRATIONS OF CREDIT
 
The Company originates primarily commercial, residential, and consumer loans to customers in the Company’s market area.  The ability of the majority of the Company’s customers to honor their contractual loan obligations is dependent on the economy in the market area.
 
The Company’s loan portfolio is concentrated primarily in loans secured by real estate, of which 54% is secured by real estate in the Company’s primary market areas.  In addition, a substantial portion of the other real estate owned is located in that same market.  Accordingly, the ultimate collectability of the loan portfolio and the recovery of the carrying amount of other real estate owned are susceptible to changes in market conditions in the Company’s primary market area.