(9)	RETAIL REPURCHASE AGREEMENTS

Retail repurchase agreements represent overnight borrowings from deposit customers and the debt securities sold under the repurchase agreements are under the control of the Bank. Information concerning borrowings under repurchase agreements is summarized as follows:


(Dollars in thousands)	2011			2010
Weighted average interest rate at year end		0.51	%		0.76	%
Weighted average interest rate during the year		0.64	%		0.90	%
Average daily balance	$	9,174		$	8,142
Maximum month-end balance during the year	$	9,608		$	9,223

Debt securities underlying the agreements at December 31:

Amortized cost	$	12,043		$	11,178
Fair value	$	12,108		$	11,322