Long-term Borrowings (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of long term advances with federal home loan bank

Under the terms of its collateral agreement with the FHLB, the Company provides a blanket lien covering all of its residential first mortgage loans, second mortgage loans, home equity lines of credit, and commercial real estate loans. In addition, the Company pledges as collateral its capital stock in the FHLB and deposits with the FHLB. The Company has a line of credit with the FHLB equal to 30% of the Company's assets, subject to the amount of collateral pledged. As of March 31, 2014, $409,241,000 in eligible collateral was pledged under the blanket floating lien agreement which covers both short-term and long-term borrowings. Long-term borrowings consisted of the following fixed rate, long-term advances as of March 31, 2014 and December 31, 2013 (dollars in thousands):

March 31, 2014							December 31, 2013
Due by	Advance Amount			Weighted Average Rate			Due by	Advance Amount			Weighted Average Rate

							March 2014		$	38		3.78	%
November 2017		$	9,919		2.98	%	November 2017			9,913		2.98
		$	9,919		2.98	%			$	9,951		3.01	%