Borrowings (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Remaining Borrowing Capacity with FHLB

Borrowings from the FHLB at December 31, 2014 and 2013 are as follows:


Interest Rate	Maturity		2014		2013
(a)		05/01/15	$	35,980	$	0
(b)		09/17/15		20,000		20,000
(c)		06/01/17		10,000		10,000
(d)		08/07/17		5,000		5,000
(e)		08/07/17		5,000		5,000
(f)		08/07/17		10,000		10,000
(g)		10/10/17		10,000		10,000
(h)		07/03/23		700		700
(i)		09/05/23		2,167		2,280
(j)		03/11/24		924		0
(k)		06/11/24		513		535
(l)		05/04/26		282		302
(m)		10/14/26		292		311
(n)		02/11/33		837		872


			$	101,695	$	65,000

(a) – Open Repo borrowing at an interest rate of 0.27%.

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

(c) – 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, 2014 and 2013.

(d) – 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, 2014 and 2013.

(e) – 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, 2014 and 2013.

(f) – 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, 2014 and 2013.

(g) – 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, 2014 and 2013.

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

(j) – Fixed rate borrowing at an interest rate of 3.05%, with monthly principal and interest payments and a balloon payment due at maturity.

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

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

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

(n) – 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, 2014:


2015	$	56,235
2016		264
2017		50,275
2018		285
2019		297
Thereafter		24,959


Total borrowed funds	$	132,315