BORROWED FUNDS

The following table summarizes the Company's borrowed funds by funding source.

Summary of Borrowed Funds

(Dollar amounts in thousands)



	December 31,
	2013		2012
Securities sold under agreements to repurchase	$	109,792	$	71,403
FHLB advances	114,550		114,581
Total borrowed funds	$	224,342	$	185,984

Securities sold under agreements to repurchase are treated as financings, and the obligations to repurchase securities sold are included as a liability in the Consolidated Statements of Financial Condition. Repurchase agreements are secured by the Treasury, and U.S. agency securities and are held in third party pledge accounts, if required. The securities underlying the agreements remain in the respective asset accounts. As of December 31, 2013, the Company did not have amounts at risk under repurchase agreements with any individual counterparty or group of counterparties that exceeded 10% of stockholders' equity.

The Bank is a member of the FHLB and has access to term financing from the FHLB. These advances are secured by designated assets that may include qualifying residential and multi-family mortgages, home equity loans, and municipal and mortgage-backed securities. At December 31, 2013, all advances from the FHLB have a fixed rate with interest payable monthly.

Maturity and Rate Schedule for FHLB Advances

(Dollar amounts in thousands)



	December 31, 2013			December 31, 2012
Maturity Date	Advance Amount		Rate %	Advance Amount		Rate %
January 21, 2014	$	—	—	$	37,500	1.15
January 20, 2015	—		—	25,000		1.94
January 20, 2015	—		—	50,000		2.02
February 23, 2015	37,500		0.80	—		—
August 20, 2015	2,050		1.92	2,081		1.92
February 22, 2017	25,000		1.56	—		—
February 22, 2017	50,000		1.60	—		—
	$	114,550	1.34	$	114,581	1.72

Short-Term Credit Lines Available for Use

(Dollar amounts in thousands)



	December 31,
	2013		2012
Available federal funds lines ⁽¹⁾	$	681,100	$	500,600
Federal Reserve Bank's Discount Window Primary Credit Program	632,498		1,625,826


⁽¹⁾	Subject to the liquidity position of other banks.

None of the Company's borrowings have any related compensating balance requirements that restrict the use of Company assets.