Federal Home Loan Bank Advances

12 Months Ended

Dec. 31, 2011

Federal Home Loan Bank Advances [Abstract]

Federal Home Loan Bank Advances

(11)    Federal Home Loan Bank Advances

Federal Home Loan Bank advances amounted to $42,497 and $42,501 at December 31, 2011 and December 31, 2010 respectively. All advances were bullet maturities with no call features. At December 31, 2011, collateral pledged for FHLB advances consisted of qualified real estate mortgage loans and investment securities of $50,835 and $21,301, respectively. The maximum borrowing capacity of the Bank at December 31, 2011 was $52,557. The Bank maintains a $40,000 cash management line of credit (CMA) with the FHLB. No amounts were outstanding for the CMA line of credit at December 31, 2011 and December 31, 2010.

Maturities of FHLB advances outstanding at December 31, 2011 and 2010 are as follows:

	December 31, 2011		December 31, 2010
	(Dollars in thousands)
Maturities January 2011 through February 2011, with fixed rates ranging from 3.17% to 3.67%	$	—	$	15,000
Maturity January 2012, fixed rate 2.37%		15,000		15,000
Maturities January 2014 through August 2014, with fixed rates ranging from 2.06% to 3.55%		15,027		10,040
Maturities January 2015 fixed rate 2.00% and July 2015, fixed rate 4.76%		12,470		2,461
Total FHLB advances	$	42,497	$	42,501