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FEDERAL FUNDS PURCHASED (Tables) | 12 Months Ended
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Dec. 31, 2013
FEDERAL FUNDS PURCHASED |
Information on Federal funds purchased |
|  | As of and for the Year Ended December 31, |
|  | 2013 |  | 2012 |  | 2011 |
|  | (Dollars in thousands) |
Balance at end of year |  | $ | — |  | $ | — |  | $ | — |
Average balance outstanding during the year |  | $ | 155 |  | $ | 2,227 |  | $ | 3,496 |
Maximum balance outstanding at any month-end |  | $ | — |  | $ | 60,000 |  | $ | 100,000 |
Weighted average interest rate during the year |  | —% |  | 0.09% |  | 0.10% |
Weighted average interest rate at end of year |  | —% |  | —% |  | —% |

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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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