BORROWED FUNDS (Tables)

12 Months Ended

Dec. 31, 2013

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

(In thousands)	2013		2012
Short-term:
FHLB Advances	$	24,000	$	9,000
Long-term:
FHLB advances	$	16,000	$	20,000
ESOP loan payable		853		964
Citigroup Repurchase agreements		-		5,000
Total long-term borrowings	$	16,853	$	25,964

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, 2013 are as follows:

Term	Principal		Rates
(Dollars in thousands)
Advances with FHLB
due within 1 year		5,000		2.85% - 3.07	%
due within 2 years		2,000		2.79	%
due within 3 years		3,000		2.12	%
due within 4 years		4,000		1.36% - 2.56	%
due within 10 years		2,000		2.55	%
Total advances with FHLB	$	16,000
Total long-term fixed rate borrowings	$	16,000

At December 31, 2013, scheduled repayments of long-term debt are as follows (in thousands):

2014	$	5,110
2015		2,110
2016		3,110
2017		4,110
2018		110
Thereafter		2,303
	$	16,853