Note 12 – Borrowings


	December 31 2013		December 31 2012
Federal Home Loan Bank advances, variable and fixed rates ranging from 1.58% to 7.53%, due at various dates through November 15, 2024	$	75,050	$	114,617
Securities sold under agreements to repurchase		140,246		138,447
Federal funds purchased		41,000		92,700

Total borrowings	$	256,296	$	345,764

The Federal Home Loan Bank advances are secured by first and second mortgage loans and mortgage warehouse loans totaling approximately $256.3 million. Advances are subject to restrictions or penalties in the event of prepayment.

Securities sold under agreements to repurchase consist of obligations of the Bank to other parties. The obligations are secured by U.S. agency and mortgage-backed securities and such collateral is held in safekeeping by third parties. The maximum amount of outstanding agreements at any month end during 2013 and 2012 totaled $141.4 million and $138.4 million and the daily average of such agreements totaled $137.6 million and $135.2 million. The agreements at December 31, 2013, mature at various dates through September 13, 2020.

At December 31, 2013, the Bank has available approximately $311.8 million in credit lines with various money center banks, including the FHLB.

Contractual maturities in years ending December 31:


2014	$	106,490
2015		20,512
2016		22,360
2017		46,041
2018		112
Thereafter		60,781

	$	256,296