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FEDERAL HOME LOAN BANK ADVANCES
3 Months Ended
Mar. 31, 2013
FEDERAL HOME LOAN BANK ADVANCES  
FEDERAL HOME LOAN BANK ADVANCES

10. FEDERAL HOME LOAN BANK ADVANCES

 

As of March 31, 2013, there was one term advance outstanding from the Federal Home Loan Bank for $15.0 million with a fixed interest rate of 0.41% that will mature during the second quarter of 2013.  As of December 31, 2012, there was one term advance outstanding from the Federal Home Loan Bank for $15.0 million with a fixed interest rate of 0.39% that matured during the first quarter of 2013. The borrowings were collateralized by a blanket lien on residential and commercial mortgages. There were no term advances from the Federal Home Loan Bank outstanding as of March 31, 2012. There were no overnight borrowings outstanding from the Federal Home Loan Bank as of March 31, 2013, December 31, 2012 or March 31, 2012.