Federal Home Loan Bank Advances

12 Months Ended

Dec. 31, 2011

Note 11:

Federal Home Loan Bank Advances

FHLB advances maturing in years ending December 31:

2012	$	66,706
2013		22,575
2014		9,347
2015		1,113
2016		1,619
Thereafter		91

	$	101,451

At December 31, 2011, the Company had pledged $393,200,000 in qualifying first mortgage loans as collateral for advances and outstanding letters of credit. Advances, at interest rates from 0.40 to 7.33 percent at December 31, 2011, were subject to restrictions or penalties in the event of prepayment.

At December 31, 2011, the Company had a total of $8,500,000 in putable advances with FHLB. Putable advances grant the FHLB the option to require payment of the advance on a quarterly basis. The remaining putable advances have a weighted average maturity of 10 months.

- 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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+ Details