Subsequent Events

9 Months Ended

Sep. 30, 2013

Subsequent Events [Abstract]

Subsequent Events

Note 15.  Subsequent Events

On October 30 and 31, 2013, the Corporation modified the terms of $40 million in FHLB advances within its long-term borrowings. The modifications resulted in a reduction of the interest rates on these funds, extension of their maturity dates to seven years from the date of modifications, and conversion of the advances to non-putable for three years. After the modifications, the weighted average interest rate on these borrowings declined by 52 basis points to 3.43 percent. There were no gains, losses, penalties or fees incurred in the modification transactions.