ADVANCES FROM THE FHLB

12 Months Ended

Dec. 31, 2013

ADVANCES FROM THE FHLB [Abstract]

ADVANCES FROM THE FHLB

NOTE 11 — ADVANCES FROM THE FHLB

Advances from the FHLB consist of the following:

	At December 31,
	2013					2012
Principal payments due during			Weighted					Weighted
	Amount		average rate			Amount		average rate
	(in thousands)
2013	$	—		—	%	$	11,051		3.18	%
2014		4,287		2.40	%		4,287		2.40	%
2015		3,669		2.16	%		3,669		2.16	%
2016		10,887		1.38	%		10,887		1.38	%
2017		14,895		1.12	%		14,895		1.12	%
2018		1,330		1.87	%		1,330		1.87	%
Thereafter		14,537		1.83	%		14,537		1.83	%
	$	49,605		1.59	%	$	60,656		1.88	%

The advances are collateralized by certain first mortgage loans totaling approximately $353.5 million and the FHLB stock owned by the Bank which allow for a maximum borrowing capacity of $271.1 million. Total unused lines of credit at the FHLB were $60.0 million at December 31, 2013. All of the advances from the FHLB are fixed rate, fixed term.