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ADVANCES FROM FEDERAL HOME LOAN BANK OF SEATTLE (Tables)
12 Months Ended
Dec. 31, 2013
Advances from Federal Home Loan Banks [Abstract]  
Schedule of Federal Home Loan Bank Advances, Fiscal Year Maturity
At December 31, 2013 and 2012, FHLB advances were scheduled to mature as follows (dollars in thousands):
 
December 31
 
2013
 
2012
 
Amount
 
Weighted Average Rate
 
Amount
 
Weighted Average Rate
Maturing in one year or less
$
27,000

 
0.23
%
 
$
10,000

 
2.38
%
Maturing after one year through three years

 

 

 

Maturing after three years through five years

 

 

 

Maturing after five years
203

 
5.94

 
210

 
5.94

Total FHLB advances, at par
27,203

 
0.27

 
10,210

 
2.45

Fair value adjustment
47

 
 
 
94

 
 
Total FHLB advances, carried at fair value
$
27,250

 
 
 
$
10,304

 
 
Schedule of Federal Home Loan Bank Advances, Activity for Year
The maximum, average outstanding and year-end balances (excluding fair value adjustments) and average interest rates on advances from the FHLB were as follows at or for the years ended December 31, 2013, 2012 and 2011 (dollars in thousands):
 
At or for the Years Ended December 31
 
2013
 
2012
 
2011
Maximum outstanding at any month end, at par
$
60,377

 
$
10,216

 
$
36,522

Average outstanding, at par
18,935

 
10,215

 
14,699

Year-end outstanding, at par
27,203

 
10,210

 
10,217

Weighted average interest rates:
 
 
 
 
 
Annual
0.52
%
 
2.49
%
 
2.52
%
End of period
0.27
%
 
2.45
%
 
2.45
%
Interest expense during the period
$
99

 
$
254

 
$
370