XML 68 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
Advances from Federal Home Loan Bank
 12 Months Ended
Dec. 31, 2012
Advances from Federal Home Loan Bank [Abstract]  
Advances from Federal Home Loan Bank
11. Advances from Federal Home Loan Bank
 
Federal Home Loan Bank advances consisted of the following monthly amortizing and term borrowings at December 31:
 
(in thousands)
 
2012
  
2011
 
Monthly amortizing
 $1,429  $1,609 
Term
  0   20,000 
Total FHLB advances
 $1,429  $21,609 
 
The advances from the FHLB that require monthly principal payments were due for repayment as follows:
 
  
Principal Payments Due by Period at December 31, 2012
 
(in thousands)
 
Total
  
Within 1 Year
  
2 Years
  
 
3 Years
  
 
4 Years
  
5 Years
  
After 5 Years
 
Outstanding advances, weighted average interest rate – 2.00%
 $1,429  $152  $116  $114  $111  $98  $838 
 
At December 31, 2011, CTBI had monthly amortizing FHLB advances totaling $1.6 million at a weighted average interest rate of 2.20%.
 
The term advances that require the total payment to be made at maturity follow:
 
(in thousands)
December 31
 
2012
  
2011
 
Advance #271, 0.25%, due 1/18/12
 $0  $20,000 
Total term advances
 $0  $20,000 
 
Advances totaling $1.4 million at December 31, 2012 were collateralized by FHLB stock of $25.7 million and a blanket lien on qualifying first mortgage loans. As of December 31, 2012, CTBI had a $436.1 million FHLB borrowing capacity with $1.4 million in advances and $113.8 million in letters of credit used for public fund pledging leaving $320.9 million available for additional advances. The advances had fixed interest rates ranging from 0.00% to 7.42% with a weighted average rate of 2.00%. The advances are subject to restrictions or penalties in the event of prepayment. Advance #271 matured and was paid off on January 18, 2012.