Borrowings (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Remaining Borrowing Capacity with FHLB

Borrowings from the FHLB at December 31, 2013 and 2012 are as follows:


Interest Rate	Maturity		2013		2012
(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		2,280		2,388
(i)		06/11/24		535		557
(j)		05/24/26		302		321
(k)		10/14/26		311		330
(l)		02/11/33		872		0


			$	65,000	$	64,296

(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, 2013 and 2012.

(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, 2013 and 2012.

(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, 2013 and 2012.

(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, 2013 and 2012.

(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, 2013 and 2012.

(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.

(l) – Fixed rate borrowing at an interest rate of 3.23%, with monthly principal and interest payments.

Maturity Schedule of All Borrowed Funds

The following is a schedule of maturities of all borrowed funds as of December 31, 2013:


2014	$	13,159
2015		20,218
2016		227
2017		50,237
2018		246
Thereafter		24,483


Total borrowed funds	$	108,570