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Borrowings (Tables)

12 Months Ended

Dec. 31, 2012

Borrowings [Abstract]

Schedule of remaining borrowing capacity with the FHLB

Borrowings from the FHLB at December 31, 2012 and 2011 are as follows:


Interest Rate		Maturity				2012				2011
(a)			09/17/15			$	20,000			$	20,000
(b)			06/01/17				10,000				10,000
(c)			08/07/17				5,000				5,000
(d)			08/07/17				5,000				5,000
(e)			08/07/17				10,000				10,000
(f)			10/10/17				10,000				10,000
(g)			07/07/23				700				700
(h)			09/05/23				2,388				2,491
(i)			06/11/24				557				578
(j)			05/24/26				321				340
(k)			10/14/26				330				347


						$	64,296			$	64,456

(a), (g) – Fixed rate borrowings at interest rates of 2.09% and 4.72%, respectively.

(b) – Interest rate was fixed at 4.60% until June 2009, since which time FHLB has had the option to convert to floating interest rate based on the 3 month LIBOR + 0.16%. The interest rate was 4.60% at December 31, 2012 and 2011.

(c) – Interest rate was fixed at 4.02% until February 2008, since which time FHLB has had the option to convert to a floating interest rate based on the 3 month LIBOR + 0.11%. The interest rate was 4.02% at December 31, 2012 and 2011.

(d) – Interest rate was fixed at 4.10% until August 2008, since which time FHLB has had the option to convert to a floating interest rate based on the 3 month LIBOR + 0.11%. The interest rate was 4.10% at December 31, 2012 and 2011.

(e) – Interest rate is fixed at 4.47% until August 2010, since which time FHLB has had the option to convert to a floating interest rate based on the 3 month LIBOR + 0.11%. The interest rate was 4.47% at December 31, 2012 and 2011.

(f) – Interest rate was fixed at 3.97% until October 2009, since which time FHLB has had the option to convert to a floating interest rate based on the 3 month LIBOR + 0.10%. The interest rate was 3.97% at December 31, 2012 and 2011.

(h) – Fixed rate borrowing at an interest rate of 4.31%, with monthly principal and interest payments and a balloon payment due at maturity.

(i) – Fixed rate borrowing at an interest rate of 5.24%, with monthly principal and interest payments and a balloon payment due at maturity.

(j) – Fixed rate borrowing at an interest rate of 3.35%, with monthly principal and interest payments.

(k) – Fixed rate borrowing at an interest rate of 4.00%, with monthly principal and interest payments.

The terms of borrowings (a) through (g) are interest only payments with principal due at maturity.

Maturity Schedule of All Borrowed Funds

The following is a schedule of maturities of all borrowed funds as of December 31, 2012:


2013		$	23,677
2014			175
2015			20,183
2016			191
2017			50,199
Thereafter			24,001


Total borrowed funds		$	118,426