XML 36 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
Securities Sold Under Agreement to Repurchase
 12 Months Ended
Dec. 31, 2011
Deposits, Securities Sold Under Agreement to Repurchase, Federal Home Loan Bank Advances and Minimum Regulatory Capital Requirements [Abstract]  
Securities Sold Under Agreement to Repurchase

Note 8 - Securities Sold Under Agreement to Repurchase

The Bank’s policy requires qualifying securities to be used as collateral for the underlying repurchase agreements. As of December 31, 2011 and 2010 securities with a book value of $61.6 million and $74.8 million, respectively, were pledged to secure the repurchase agreements. The table below presents the daily securities sold under agreement to repurchase and does not include the term repurchase agreements.

 

                                         
    Daily Securities Sold Under Agreement to Repurchase  
    Amount Outstanding
at End of Period
(000’S)		     Weighted Average Rate
End of Period		    

Maximum Amount
Borrowings Outstanding
Month End

(000’s)

     Approximate Average
Outstanding in Period
(000’s)		     Approximate Weighted
Average Interest Rate
For the Period		  
           

2011

   $ 38,209       0.15 %    $ 42,154     $ 36,910       0.30 % 
           

2010

   $ 37,191       0.36 %    $ 37,501     $ 34,046       0.36 % 
           

2009

   $ 33,457       0.42 %    $ 40,530     $ 37,696       0.48 %