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SHORT-TERM BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2012
Short-term Debt [Abstract]  
Schedule of short-term borrowings
Information related to short-term borrowings is provided in the table below:

 
 
Years Ended December 31,
 
 
2012
 
2011
 
 
(dollars in thousands)
Federal funds purchased and repurchase agreements

 

 
Balance at end of period

$
984


$
2,945

Average amount outstanding during the period (1)

1,770


3,137

Maximum amount outstanding during the period (2)

2,704


3,291

Weighted average interest rate during the period (3)

1.4
%

2.7
%
Interest rate at end of period

0.4
%

2.6
%
 
 
 
 
 
FHLB advances

 


 

Balance at end of period

$
150,985


$
361,811

Average amount outstanding during the period (1)

282,741


292,242

Maximum amount outstanding during the period (2)

440,246


466,316

Weighted average interest rate during the period (3)

2.2
%

2.2
%
Interest rate at end of period

3.7
%

1.6
%
 
 
 
 
 
Other obligations




 

Balance at end of period

$
219


$
219

Average amount outstanding during the period (1)

219


2,581

Maximum amount outstanding during the period (2)

219


2,963

Weighted average interest rate during the period (3)

8.0
%

0.7
%
Interest rate at end of period

8.0
%

8.0
%

(1)
The average amount outstanding during the period was computed by dividing the total daily outstanding principal balances by the number of days in the period.
(2)
The maximum amount outstanding at any month-end during the period.
(3)
The weighted average interest rate during the period was computed by dividing the actual interest expense by the average balance outstanding during the period.