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PLEDGED ASSETS

3 Months Ended

Sep. 30, 2013

NOTE 5 - PLEDGED ASSETS

The following securities and loans were pledged to secure public deposits, securities sold under agreements to repurchase, FHLBB advances and credit facilities available.

(in thousands)	September 30, 2013		December 31, 2012
Securities available-for-sale (at fair value)	$	51,175	$	54,497
Loans receivable		125,000		106,457
Total pledged assets	$	176,175	$	160,954

At September 30, 2013, securities were pledged as follows: $42.0 million to secure public deposits, $9.1 million to secure repurchase agreements and $0.1 million to secure FHLBB advances. Loans receivable were pledged to secure FHLBB advances and credit facilities.

- Definition

The entire disclosure for borrowing from the Federal Home Loan Bank, including: (i) general description; (ii) title and nature of obligation; (iii) interest rate; (iv) payment terms; (v) maturity dates by year; (vi) collateral requirements; (vii) restrictive covenants; (viii) priority; (ix) conversion or redemption features; (x) carrying value of assets pledged as collateral; (xi) combined aggregate maturities for next five years; (xii) unused or available balances.

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