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Borrowed Funds | 12 Months Ended
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Dec. 31, 2012
Debt Disclosure [Abstract] |
Debt Disclosure [Text Block] | Note 8 – Borrowed Funds At year end, borrowed funds are summarized below:
|  | (Dollars in thousands) |
|  | 2012 |  |  | 2011 |
Fixed rate advances from the FHLB |  |  | 28,000 |  |  |  | 31,000 |
Putable advances from the FHLB |  |  | 5,000 |  |  |  | 5,000 |
Other |  |  | 207 |  |  |  | 618 |
Total |  | $ | 33,207 |  |  | $ | 36,618 |
At December 31, 2012, scheduled maturities of borrowed funds were as follows:
|  | (Dollars in thousands) |
2013 |  | $ | 14,207 |
2014 |  |  | 8,000 |
2015 |  |  | 11,000 |
Total |  | $ | 33,207 |
Repurchase agreements generally mature within one year and are secured by U.S. government and U.S. agency securities, under the Bancorp’s control. At year end, information concerning these retail repurchase agreements is summarized below:
|  | (Dollars in thousands) |
|  | 2012 |  |  | 2011 |
Ending balance |  | $ | 16,298 |  |  | $ | 15,395 |
Average balance during the year |  |  | 20,561 |  |  |  | 20,767 |
Maximum month-end balance during the year |  |  | 25,278 |  |  |  | 24,258 |
Securities underlying the agreements at year end: |  |  |  |  |  |  |  |
Carrying value |  |  | 28,002 |  |  |  | 26,622 |
Fair value |  |  | 28,002 |  |  |  | 26,622 |
Average interest rate during the year |  |  | 0.38 | % |  |  | 0.51 | %
Average interest rate at year end |  |  | 0.31 | % |  |  | 0.43 | %
At year-end, advances from the Federal Home Loan Bank were as follows:
|  | (Dollars in thousands) |
|  | 2012 |  |  | 2011 |
Fixed rate advances, maturing January 2013 through |  |  |  |  |  |  |  |
December 2016 at rates from 0.49% to 2.65%; average rate: 2012 – 1.84%; 2011 – 1.95% |  | $ | 28,000 |  |  | $ | 31,000 |
Putable advance, maturing February 2013 at a fixed rate of 2.62% |  |  | 5,000 |  |  |  | 5,000 |
Fixed rate advances are payable at maturity, with a prepayment penalty. Putable advances are fixed for a period of one to three years and then may adjust quarterly to the three-month London Interbank Offered Rate until maturity. Once the putable advance interest rate adjusts, the Bancorp has the option to prepay the advance on specified quarterly interest rate reset dates. The advances were collateralized by mortgage loans totaling approximately $164,463,000 and $163,534,000 at December 31, 2012 and 2011, respectively. In addition to the fixed rate and putable advances, the Bancorp maintains a $10,000,000 line of credit with the Federal Home Loan Bank of Indianapolis. There was no outstanding balance on the line of credit at December 31, 2012 or 2011. Other borrowings at December 31, 2012 and 2011 are comprised of reclassified bank balances.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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