SHORT-TERM BORROWINGS

12 Months Ended

Dec. 31, 2012

Debt Disclosure [Abstract]

Short-term Debt [Text Block]

NOTE 10. SHORT-TERM BORROWINGS

The following table summarizes certain information for short-term borrowings for the years ended December 31, 2012 and 2011.

	2012					2011
(Dollars in thousands)	Amount		Rate			Amount		Rate
Average for the Year
Retail repurchase agreements	$	14,976		0.30	%	$	15,319		0.37	%
At Year End
Retail repurchase agreements	$	13,761		0.26	%	$	17,817		0.34	%

Securities sold under agreements to repurchase are securities sold to customers, at the customers’ request, under a “roll-over” contract that matures in one business day. The underlying securities sold are U.S. Government agency securities, which are segregated in the Company’s custodial accounts from other investment securities.

The Company may periodically borrow from a correspondent federal funds line of credit arrangement, under a secured reverse repurchase agreement, or from the Federal Home Loan Bank to meet short-term liquidity needs.