BORROWED FUNDS (Tables)

12 Months Ended

Dec. 31, 2012

The composition of borrowings (excluding junior subordinated debentures) at December 31 is as follows:

(In thousands)	2012		2011
Short-term:
FHLB Advances	$	9,000	$	-
Long-term:
FHLB advances	$	20,000	$	20,000
ESOP loan payable		964		1,074
Citigroup Repurchase agreements		5,000		5,000
Total long-term borrowings	$	25,964	$	26,074

Scheduled Maturities of Debt

The principal balances, interest rates and maturities of the remaining borrowings, all of which are at a fixed rate, at December 31, 2012 are as follows:

Term	Principal		Rates
(Dollars in thousands)
Long-term:
Repurchase agreements (due in 2013)	$	5,000		2.95	%
Advances with FHLB
due within 1 year		4,000		4.46%-4.53	%
due within 2 years		5,000		2.85%-3.07	%
due within 3 years		2,000		2.79	%
due within 4 years		3,000		2.12	%
due within 5 years		4,000		1.36%-2.56	%
due within 10 years		2,000		2.56	%
Total advances with FHLB		20,000
Total long-term borrowings	$	25,000

At December 31, 2012, scheduled repayments of long-term debt are as follows (in thousands):

2013	$	9,110
2014		5,110
2015		2,110
2016		3,110
2017		4,110
Thereafter		2,414
	$	25,964