Advances from the Federal Home Loan Bank

12 Months Ended

Dec. 31, 2012

Deposits, Advances from the Federal Home Loan Bank and Regulatory Matters and Regulatory Capital [Abstract]

ADVANCES FROM THE FEDERAL HOME LOAN BANK

NOTE–G—ADVANCES FROM THE FEDERAL HOME LOAN BANK

The following table summarizes the types of advances from the Federal Home Loan Bank of Cincinnati (FHLB) at December 31:

	Weighted- Average Rate			Weighted- Average Maturity  (years)		Balance (in thousands)
2012
Fixed-rate, balloon		3.25	%		2.42	$	209
Fixed-rate, interest only		0.75	%		2.43		22,000
Fixed-rate, amortizing		6.08	%		5.63		1,088
Fixed-rate, interest only, convertible		3.97	%		2.57		20,000
Fixed-rate, interest only, putable		4.11	%		2.95		10,000
Total		3.46	%		2.64	$	53,297

	Weighted- Average Rate			Weighted- Average Maturity  (years)		Balance (in thousands)
2011
Fixed-rate, balloon		3.25	%		3.42	$	218
Fixed-rate, interest only		2.48			1.36		17,000
Fixed-rate, amortizing		6.06			6.32		1,386
Fixed-rate, interest only, convertible		3.70			3.14		25,000
Fixed-rate, interest only, putable		4.34			2.24		20,000
Total		3.63	%		2.45	$	63,604

Convertible fixed-rate advances may be converted to floating-rate advances, on a quarterly basis, at the option of the FHLB. Putable fixed-rate advances may be terminated, on a quarterly basis after a fixed period of time, at the option of the FHLB. The Corporation may only repay convertible and putable advances upon conversion or termination by the FHLB without penalty, prior to maturity.

Advances from the FHLB, collateralized at December 31, 2012, by a blanket agreement using the Bank’s one- to four- family and multi-family mortgage, commercial real estate and home equity lines of credit portfolios and the Bank’s investment in FHLB stock, are as follows:

Maturing year Ending December 31,	Interest rate range	(Dollars in thousands)
2013	5.40%-6.05%	$	30
2014	4.26%-6.10%		5,090
2015	0.75%-4.05%		42,209
2016	0		0
2017	3.95%		5,000
Thereafter	5.15%-7.00%		968
Total		$	53,297