FEDERAL HOME LOAN BANK ADVANCES	12 Months Ended
FEDERAL HOME LOAN BANK ADVANCES	Dec. 31, 2013
FEDERAL HOME LOAN BANK ADVANCES
FEDERAL HOME LOAN BANK ADVANCES	7. FEDERAL HOME LOAN BANK ADVANCES At December 31, 2013 there were two Federal Home Loan Bank (FHLB) term advances totaling $40.0 million with an average fixed interest rate of 0.46% that will mature during the first quarter of 2014. At December 31, 2012, there was one term advance outstanding for $15.0 million with a fixed interest rate of 0.39% that matured during the first quarter of 2013. Overnight borrowings totaled $58.0 million with a fixed interest rate of 0.40% at December 31, 2013. There were none as of December 31, 2012. Each advance is payable at its maturity date, with a prepayment penalty for fixed rate advances. The advances were collateralized by $336.6 million and $64.5 million of residential and commercial mortgage loans under a blanket lien arrangement at year end 2013 and 2012, respectively. Based on this collateral and the Company’s holdings of FHLB stock, the Company is eligible to borrow up to a total of $568.4 million at year end 2013.

The entire disclosure for borrowing from the Federal Home Loan Bank, including: (i) general description; (ii) title and nature of obligation; (iii) interest rate; (iv) payment terms; (v) maturity dates by year; (vi) collateral requirements; (vii) restrictive covenants; (viii) priority; (ix) conversion or redemption features; (x) carrying value of assets pledged as collateral; (xi) combined aggregate maturities for next five years; (xii) unused or available balances.

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