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Short-Term Borrowings
 6 Months Ended
Jun. 30, 2011
Short-Term Borrowings [Abstract]  
SHORT-TERM BORROWINGS
6.   SHORT-TERM BORROWINGS
 
    Information relating to our securities sold under agreements to repurchase follows:
                 
    Six Months Ended     Twelve Months Ended  
    June 30, 2011     December 31, 2010  
Outstanding balance at end of period
  $ 71,207,000     $ 116,979,000  
Average interest rate at end of period
    0.60 %     0.69 %
 
               
Average daily balance during the period
  $ 88,425,000     $ 107,781,000  
Average interest rate during the period
    0.63 %     1.31 %
 
               
Maximum daily balance during the period
  $ 116,398,000     $ 133,280,000  
    Securities sold under agreements to repurchase (“repurchase agreements”) generally have original maturities of less than one year. Repurchase agreements are treated as financings and the obligations to repurchase securities sold are reflected as liabilities. Securities involved with the agreements are recorded as assets of our bank and are held in safekeeping by a correspondent bank. Repurchase agreements are offered principally to certain large deposit customers. Repurchase agreements are secured by securities with an aggregate market value equal to the aggregate outstanding balance.