XML 100 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
LONG-TERM BORROWINGS
12 Months Ended
Dec. 31, 2013
Debt Disclosure [Abstract]  
LONG-TERM BORROWINGS

(10) LONG-TERM BORROWINGS

The Company has a line of credit from the Federal Home Loan Bank (“FHLB”) of Topeka, Kansas to use for liquidity or to match-fund certain long-term fixed rate loans. The Company’s assets, including residential first mortgages of $558.9 million, are pledged as collateral for the borrowings under the line of credit. As of December 31, 2013, the Company had the ability to draw up to $65.0 million on the FHLB line of credit based on FHLB stock holdings of $1.2 million with approximately $6.9 million in advances outstanding. The advances mature at varying dates through 2014 and had rates between 0.3% and 3.4% at December 31, 2013.

The following table shows the contractual maturities of the long-term borrowings at December 31, 2013, (Dollars in thousands):

 

2014

   $ 6,938   
  

 

 

 

Total

   $ 6,938