DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2013

Derivative Instruments And Hedging Activities Tables

Schedule of Interest Rate Swaps

At period end, the following interest rate swaps to hedge variable-rate debt were outstanding:

	September 30, 2013	December 31, 2012
Notional amount	$7,500	$7,500
Pay fixed rate	2.72%	2.72%
Receive variable rate	0.25%	0.31%
Maturity	September 2017	September 2017
Unrealized fair value gain (loss)	$(485)	$(699)

 At period end, the following floating interest rate swaps were outstanding with customers:

	September 30, 2013	December 31, 2012
Notional amount	$14,488	$14,979
Receive fixed rate (average)	1.99%	1.99%
Pay variable rate (average)	0.17%	0.21%
Maturity	March 2015 – Oct. 2021	March 2015 – Oct. 2021
Weighted average remaining term	3.2 years	3.9 years
Unrealized fair value gain (loss)	$361	$673

At period end, the following offsetting fixed interest rate swaps were outstanding with correspondent banks:

	September 30, 2013	December 31, 2012
Notional amount	$14,488	$14,979
Pay fixed rate (average)	1.99%	1.99%
Receive variable rate (average)	0.17%	0.21%
Maturity	March 2015 – Oct. 2021	March 2015 – Oct. 2021
Weighted average remaining term	3.2 years	3.9 years
Unrealized fair value gain (loss)	$(361)	$(673)