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Borrowing Arrangements
9 Months Ended
Sep. 30, 2013
Banking and Thrift [Abstract]  
Borrowing Arrangements
Borrowing Arrangements
 
As of September 30, 2013, the Company had no Federal Home Loan Bank (FHLB) of San Francisco advances. At December 31, 2012, the Company held $4,000,000 in short term FHLB advances with a rate of 3.59% and a maturity date of February 12, 2013.
FHLB advances are secured under the standard credit and securities-backed credit programs. Investment securities with amortized costs totaling $4,316,000 and $4,016,000, and market values totaling $4,443,000 and $4,225,000 at September 30, 2013 and December 31, 2012, respectively, were pledged under the securities-backed credit program.  The Bank’s credit limit varies according to the amount and composition of the investment and loan portfolios pledged as collateral.
As of September 30, 2013 and December 31, 2012, the Company had no Federal funds purchased.