Note 10: Long-term Debt

A summary of long-term debt by contractual maturity is as follows:


December 31, 2013
		Total			Range of
Maturity		Principal	Rate		Interest Rates

2015	$	21,000	2.44	%	1.68	%	to	4.70	%
2016		11,000	1.60	%	1.17	%	to	2.29	%
2017		52,500	1.74	%	-0.22	%	to	4.50	%
2018		7,000	1.50	%	1.15	%	to	2.25	%
2019 and thereafter		--	--		--		to	--
Total long-term debt	$	91,500	1.86	%


December 31, 2012
		Total			Range of
Maturity		Principal	Rate		Interest Rates

2014	$	53,990	3.24	%	2.73	%	to	4.80	%
2015		21,000	2.44	%	1.68	%	to	4.70	%
2016		11,000	1.60	%	1.17	%	to	2.29	%
2017		52,500	1.76	%	-0.15	%	to	4.50	%
2018 and thereafter		4,000	1.75	%	1.25	%	to	2.25	%
Total long-term debt	$	142,490

All of the long-term debt represents advances from the FHLB. All FHLB advances are fixed-rate instruments. Pursuant to an agreement with the FHLB, advances are collateralized by stock in the FHLB, investment securities and a blanket lien on qualified collateral, consisting primarily of loans with first mortgages secured by one to four family properties, and other qualifying assets such as qualifying commercial real estate loans. Advances are payable at their call dates or final maturity.

The maturity distribution of the long-term debt with callable features was as follows:


December 31, 2013
			Weighted
		Total	Average		Range of
		Principal	Rate		Interest Rates

2015	$	2,000	4.35	%	3.99	%	to	4.70	%
2016		--	--		0.00	%	to	0.00	%
2017		28,000	2.17	%	-0.22	%	to	4.50	%
2018		2,000	2.25	%	2.25	%	to	2.25	%
2019 and thereafter		--			0.00	%	to	0.00	%
Total long-term borrowings	$	32,000	2.31	%


		December 31, 2012
			Weighted
		Total	Average		Range of
Maturity		Principal	Rate		Interest Rates

2014	$	12,000	4.11	%	3.35	%	to	4.80	%
2015		2,000	4.35	%	3.99	%	to	4.70	%
2016		--	0.00	%	0.00	%	to	0.00	%
2017		28,000	2.21	%	-0.15	%	to	4.50	%
2018 and thereafter		2,000	2.25	%	2.25	%	to	2.25	%
Total	$	44,000

At December 31, 2013, and 2012, the Company had $19,000 and $31,000 of long-term debt that was currently callable, respectively. The remaining callable debt has call dates ranging from May 2014 to October 2014.

Junior Subordinated Debentures: In April 2008, the Company's wholly-owned subsidiary, Bar Harbor Bank & Trust (the "Bank"), issued $5,000 aggregate principal amount of subordinated debentures. These debt securities qualify as Tier 2 capital for the Company and the Bank. The subordinated debt securities are due in 2023, but are callable by the Bank after five years without penalty. The rate of interest on these debt securities is three month LIBOR plus 345 basis points. The subordinated debt securities are classified as borrowings on the Company's consolidated balance sheet. The Company incurred $197 in costs to issue the securities and these costs are being amortized over 15 years using the interest method.