Long-term Borrowings (Tables)

6 Months Ended

Jun. 30, 2013

Long-term Borrowings [Abstract]

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 June 30, 2013, $392,781,000 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 June 30, 2013 and December 31, 2012 (dollars in thousands):

June 30,2013						December 31,2012
Due by	Advance Amount		Weighted Average Rate			Due by	Advance Amount		Weighted Average Rate
April 2014	$	113		3.78	%	April 2014	$	188		3.78	%
November 2017		9,902		2.98		November 2017		9,891		2.98
	$	10,015		3.00	%		$	10,079		3.01	%