NOTES PAYABLE

12 Months Ended

Dec. 31, 2013

NOTES PAYABLE [Abstract]

NOTES PAYABLE

10. NOTES PAYABLE

Notes payable at December 31, 2013 and 2012 is summarized as follows (in thousands):

	December 31,
	2013		2012
Long-term Federal Home Loan Bank advances	$	26,703	$	27,128
Notes payable – First National Bankers Bank		1,000		2,000
	$	27,703	$	29,128

The scheduled maturities of long-term FHLB advances at December 31, 2013 are summarized as follows (in thousands):

	Amount		Weighted Average Rate
2014	$	426		5.057	%
2015		426		5.057	%
2016		427		5.057	%
2017		15,403		3.412	%
2019		10,021		1.985	%
Total FHLB advances	$	26,703

The notes payable with First National Bankers Bank requires annual payments of $250,000 and bears an interest rate equal to New York Prime.

The scheduled maturities of the notes payable with First National Bankers Bank as of December 31, 2013 is as follows (in thousands):

2014	$	250
2015		250
2016		250
2017		250
	$	1,000