Short-Term Borrowings

12 Months Ended

Dec. 31, 2011

Short-Term Borrowings [Abstract]

Short-Term Borrowings

Note 12. Short-Term Borrowings

Short-term borrowings include securities sold under agreements to repurchase, which are secured transactions with customers and generally mature the day following the day sold. There were no short-term advances from FHLB outstanding on December 31, 2011 or December 31, 2010.

The Company had unused lines of credit with nonaffiliated banks totaling $66,160,000 and $46,208,515 as of December 31, 2011 and 2010.

The Company had undispersed letters of credit with FHLB totaling $2,000,000 as of December 31, 2011.

The table below presents selected information on short-term borrowings:

(Dollars in Thousands)
Years Ended December 31,	2011			2010
Balance outstanding at year-end	$	5,277		$	7,598
Maximum balance at any month end during the year		8,006			8,863
Average balance for the year		6,093			6,820
Weighted average rate for the year		0.24	%		0.22	%
Weighted average rate on borrowings at year end		0.24	%		0.22	%
Estimated fair value at year end	$	5,277		$	7,598