XML 152 R38.htm IDEA: XBRL DOCUMENT v2.4.0.8
Borrowings and Borrowings Availability (Tables)
12 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
Schedule of debt

The following tables present information regarding the Company’s outstanding borrowings at December 31, 2013 and 2012:

 

Description - 2013   Due date   Call Feature   2013
Amount
    Interest Rate
                   
Trust Preferred Securities   1/23/34   Quarterly by Company
beginning 1/23/09
  $ 20,620,000     2.95% at 12/31/13
adjustable rate
3 month LIBOR + 2.70%
                     
Trust Preferred Securities   6/15/36   Quarterly by Company
beginning 6/15/11
    25,774,000     1.64% at 12/31/13
adjustable rate
3 month LIBOR + 1.39%
Total borrowings / weighted average rate as of December 31, 2013   $ 46,394,000     2.22%

 

Description - 2012   Due date   Call Feature   2012
Amount
    Interest Rate
                   
Trust Preferred Securities   1/23/34   Quarterly by Company
beginning 1/23/09
  $ 20,620,000     3.01% at 12/31/12
adjustable rate
3 month LIBOR + 2.70%
                     
Trust Preferred Securities   6/15/36   Quarterly by Company
beginning 6/15/11
    25,774,000     1.70% at 12/31/12
adjustable rate
3 month LIBOR + 1.39%
Total borrowings / weighted average rate as of December 31, 2012   $ 46,394,000     2.28%