Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2012

Derivative Instruments And Hedging Activities Tables

Interest Rate Swaps

As of December 31, PSB had the following outstanding interest rate swap that was entered into to hedge variable-rate debt:

	2012	2011
Notional amount	$7,500	$7,500
Pay fixed rate	2.72%	2.72%
Receive variable rate	0.31%	0.55%
Maturity	9/15/17	9/15/17
Unrealized loss (fair value)	$699	$576

Interest Rate Swaps With Customers Not Designated as Hedges

At December 31, the following floating interest rate swaps were outstanding with customers:

	2012	2011
Notional amount	$14,979	$14,324
Receive fixed rate (average)	1.99%	2.05%
Pay variable rate (average)	0.21%	0.29%
Maturity	3/2015-10/2021	3/2015-10/2021
Weighted average remaining term	3.9 years	4.9 years
Unrealized gain fair value	$673	$555

Interest Rate Swaps With Banks Not Designated as Hedges

At December 31, the following offsetting fixed interest rate swaps were outstanding with correspondent banks:

	2012	2011
Notional amount	$14,979	$14,324
Pay fixed rate (average)	1.99%	2.05%
Receive variable rate (average)	0.21%	0.29%
Maturity	3/2015-10/2021	3/2015-10/2021
Weighted average remaining term	3.9 years	4.9 years
Unrealized loss fair value	($673)	($555)