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Borrowed Funds and Subordinated Debentures (Tables)
12 Months Ended
Dec. 31, 2012
Borrowed Funds and Subordinated Debentures [Abstract]  
Schedule of Debt [Table Text Block]

The following table presents the period-end and average balances of borrowed funds and subordinated debentures for the past three years with resultant rates:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2011

 

2010

 

(In thousands)

 

Amount

 

Rate

 

Amount

 

Rate

 

Amount

 

Rate

 

FHLB borrowings and repurchase agreements:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31,

 

$

60,000 

 

 

3.94 

%

$

60,000 

 

 

3.94 

%

$

60,000 

 

 

3.94 

%

Year-to-date average

 

 

60,008 

 

 

3.94 

 

 

60,000 

 

 

3.94 

 

 

69,671 

 

 

4.08 

 

Maximum outstanding

 

 

61,000 

 

 

 

 

 

60,000 

 

 

 

 

 

70,000 

 

 

 

 

Repurchase agreements:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31,

 

$

15,000 

 

 

3.67 

%

$

15,000 

 

 

3.67 

%

$

15,000 

 

 

3.67 

%

Year-to-date average

 

 

15,000 

 

 

3.67 

 

 

15,000 

 

 

3.67 

 

 

15,000 

 

 

3.65 

 

Maximum outstanding

 

 

15,000 

 

 

 

 

 

15,000 

 

 

 

 

 

15,000 

 

 

 

 

Subordinated debentures:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31,

 

$

15,465 

 

 

1.89 

%

$

15,465 

 

 

3.11 

%

$

15,465 

 

 

5.49 

%

Year-to-date average

 

 

15,465 

 

 

2.19 

 

 

15,465 

 

 

4.83 

 

 

15,465 

 

 

5.50 

 

Maximum outstanding

 

 

15,465 

 

 

 

 

 

15,465 

 

 

 

 

 

15,465 

 

 

 

 

 

Schedule of Maturities of Term Debt [Table Text Block]

The following table presents the expected maturities of borrowed funds and subordinated debentures over the next five years:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

2013

 

2014

 

2015

 

2016

 

2017

 

Thereafter

 

Total

FHLB borrowings and repurchase agreements

 

$

 -

 

$

 -

 

$

10,000 

 

$

20,000 

 

$

30,000 

 

$

 -

 

$

60,000 

Other repurchase agreements

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

15,000 

 

 

15,000 

Subordinated debentures

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

15,465 

 

 

15,465 

Total borrowings

 

$

 -

 

$

 -

 

$

10,000 

 

$

20,000 

 

$

30,000 

 

$

30,465 

 

$

90,465