11. SHORT-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2013

Short-Term Debt Tables

Short-term debt

Short-term debt information is summarized as follows:

	Maximum						Weighted
	Outstanding		Outstanding		Average		Average			Year End
	at any		at		Balance		Interest			Interest
	Month End		Year End		Outstanding		Rate			Rate
2013
Federal funds purchased	$	-	$	-	$	42,838		.01	%		.97	%
FHLB short term		17,500,000		-		2,938,356		.23	%		.49	%
Securities sold under agreements to repurchase		3,522,999		3,423,078		3,190,186		.14	%		.28	%
Totals			$	3,423,078	$	6,171,380		.38	%		.39	%
2012
Federal funds purchased	$	9,283,000	$	9,283,000	$	776,617		.51	%		.90	%
FHLB short term		32,500,000		22,500,000		8,088,798		.46	%		.37	%
Securities sold under agreements to repurchase		4,773,045		2,814,352		3,949,934		.35	%		.38	%
Totals			$	34,597,352	$	12,815,349		.41	%		.41	%
2011
Federal funds purchased	$	7,825,000	$	-	$	1,254,400		.93	%		-
FHLB daily rate credit		15,000,000		15,000,000		3,191,781		.36	%		.36	%
Securities sold under agreements to repurchase		5,691,856		3,538,963		4,398,638		.39	%		.39	%
Totals			$	18,538,963	$	8,844,819		.45	%		.38	%