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Borrowings and Borrowings Availability (Tables)
12 Months Ended
Dec. 31, 2014
Borrowings and Borrowings Availability [Abstract]  
Schedule of debt

The following tables present information regarding the Company's outstanding borrowings at December 31, 2014 and 2013:

 


Description - 2014



Due date



Call Feature

 

2014
Amount

 

  Interest  Rate

           

FHLB Term Note


1/29/15

None   $ 50,000,000   0.20%fixed

FHLB Term Note


9/30/15

None   20,000,000   0.44%fixed

Trust Preferred Securities


1/23/34


Quarterly by Company
beginning 1/23/09

  20,620,000  

2.96% at 12/31/14 adjustable rate 3 month LIBOR + 2.70%

       

Trust Preferred Securities


6/15/36


Quarterly by Company
beginning 6/15/11

  25,774,000  

1.65% at 12/31/14 adjustable rate 3 month LIBOR + 1.39%

Total borrowings / weighted average rate as of December 31, 2014

  $ 116,394,000   1.05%

 


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 %