HIGHLANDS BANKSHARES INC /VA/ | 2013 | FY | 3


The Company maintains insurance on the lives of certain key directors and officers. As beneficiary, the Company receives the cash surrender value if the policy is terminated, and upon death of the insured, receives all benefits payable. The current value of the policies at December 31, 2013 and 2012 was $14,132 and $13,689, respectively.


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