SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Details Textual) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Securities sold under agreements to repurchase	$ 121,883	$ 131,990
Collateralized Mortgage Backed Securities [Member]
Securities sold under agreements to repurchase	$ 163,500	$ 170,200

- Definition

The carrying value as of the balance sheet date of securities that an institution sells and agrees to repurchase (the identical or substantially the same securities) as a seller-borrower at a specified date for a specified price, also known as a repurchase agreement, or repo. Most repos involve obligations of the federal government or its agencies, but other financial instruments, such as commercial paper, banker's acceptances, and negotiable certificates of deposit, are sometimes used in repos.

+ References+ Details