Federal Home Loan Bank Advances

3 Months Ended

Mar. 31, 2012

Federal Home Loan Bank Advances [Abstract]

Federal Home Loan Bank Advances

(9) Federal Home Loan Bank Advances

Federal Home Loan Bank advances amounted to $47,496 and $42,497 at March 31, 2012 and December 31, 2011, respectively. All advances are bullet maturities with no call features. At March 31, 2012, collateral pledged for FHLB advances consisted of qualified multi-family and residential real estate mortgage loans and investment securities of $73,512 and $29,592, respectively. The maximum borrowing capacity of the Bank at March 31, 2012 was $59,966 with unused collateral borrowing capacity of $10,942. 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 as of March 31, 2012 and December 31, 2011.

Maturities of FHLB advances outstanding at March 31, 2012 and December 31, 2011 are as follows.

	March 31, 2012		December 31, 2011
	(Dollars in thousands)
Maturities January 2011 through February 2011, with fixed rates ranging from 3.17% to 3.67%	$	—	$	—
Maturity January 2012, fixed rate 2.37%		—		15,000
Maturities January 2014 through August 2014, with fixed rates ranging from 2.06% to 3.55%		14,996		15,027
Maturities January 2015 and July 2015, with fixed rates ranging from 0.80% to 4.76%		32,500		12,470
Total FHLB advances	$	47,496	$	42,497