FEDERAL HOME LOAN BANK TERM ADVANCES AND OVERNIGHT ADVANCES

12 Months Ended

Dec. 31, 2012

FEDERAL HOME LOAN BANK TERM ADVANCES AND OVERNIGHT ADVANCES [Abstract]

FEDERAL HOME LOAN BANK TERM ADVANCES AND OVERNIGHT ADVANCES

(9)           FEDERAL HOME LOAN BANK TERM ADVANCES AND OVERNIGHT ADVANCES

The following is a summary of Federal Home Loan Bank fixed rate advances at December 31, 2012 and 2011:

2012
	Amount	Rate			Maturity Date	Call Date
$	1,043,961		2.95	%	May 20, 2013	-
	782,971		2.62	%	October 2, 2013	-
	1,043,961		3.20	%	June 18,2014	-
	782,971		3.05	%	October 2, 2014	-
	4,175,846		3.84	%	October 20, 2014	January 22, 2013
	10,000,000		4.60	%	December 22, 2016	-
	4,175,846		3.90	%	October 19, 2017	January 22, 2013
	3,131,884		2.91	%	December 4, 2017	March 4, 2013
	2,087,923		3.05	%	January 2, 2018	April 12, 2013
$	27,225,363		3.86	%

2011
	Amount	Rate			Maturity Date	Call Date
$	1,049,165		2.88	%	April 13, 2012	-
	1,049,165		2.54	%	May 18, 2012	-
	10,000.000		4.77	%	July 27, 2012	-
	3,147,495		4.43	%	August 16,2012	-
	786,874		2.12	%	October 2, 2012	-
	1,049,165		2.95	%	May 20, 2013	-
	786,874		2.62	%	October 2, 2013	-
	1,049,165		3.20	%	June 18,2014	-
	786,874		3.05	%	October 2, 2014	-
	4,196,658		3.84	%	October 20,2014	January 19, 2012
	10,000,000		4.60	%	December 22,2016	-
	4,196,658		3.90	%	October 19, 2017	January 19, 2012
	3,147,495		2.91	%	December 4, 2017	March 4, 2012
	2,098,330		3.05	%	January 2, 2018	March 31, 2012
$	43,343,918		4.03	%

Each advance is payable at its maturity date, with a prepayment penalty for term advances.  The advances were collateralized by $142,278,166 and $112,956,988 of first mortgage loans under a blanket lien arrangement at December 31, 2012 and 2011, respectively.  Based on this collateral and the Corporation's holdings of FHLB stock, the Corporation is eligible to borrow up to a total of $104,486,709 at year-end 2012.