XML 33 R17.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Other Borrowings | 12 Months Ended
--- | ---
Dec. 31, 2011
Other Borrowings [Abstract] |
Other Borrowings | Note 10 – Other borrowings Short-term borrowings consist of the following at December 31, 2011 and 2010:
(dollars in thousands) |  | As of December 31, |
Short Term: |  | 2011 |  |  | 2010 |
Securities sold under agreements to repurchase |  |  |  |  |  |
Maximum month-end outstanding balance | $ | 9,204 |  | $ | 9,590 |
Average outstanding balance during the year |  | 8,383 |  |  | 8,756 |
Average interest rate during the year |  | 0.89 | % |  | 1.32 | %
Average interest rate at end of year |  | 0.91 | % |  | 1.03 | %
Short-term borrowings consist of securities sold under agreements to repurchase, which are secured transactions with customers and generally mature the day following the date sold. Short-term borrowings may also include Federal funds purchased, which are unsecured overnight borrowings from other financial institutions. Unsecured federal fund lines and their respective limits are maintained with the following institutions: Community Bankers' Bank, $11,000, Zions Bank, $4,000, and Suntrust Bank, $3,000. In addition, the Bank maintains a $3,000 reverse repurchase agreement with Suntrust whereby securities may be pledged as collateral in exchange for funds for a minimum of 30 days with a maximum of 90 days. The Bank also maintains a secured federal funds line with Community Bankers' Bank whereby it may pledge securities as collateral with no specified minimum or maximum amount or term. The Bank is also a member of the Federal Home Loan Bank of Atlanta ("FHLBA"). The Bank's available credit through the FHLBA is $85,400 as of September 30, 2011, the most recent calculation. Of this amount the Bank has borrowed $10,000 under the following terms:
|  |  |  |  |  | Ultimate Maturity
|  | Amount | Type | Rate |  | Date
| $ | 3,000 | Fixed rate credit | 3.410 | % | 4/15/2013
|  | 5,000 | Fixed rate credit | 2.360 | % | 4/15/2013
|  | 2,000 | Fixed rate credit | 3.785 | % | 4/15/2015
Total | $ | 10,000 | Weighted average rate | 2.960 | %

X
- Details
Name: | us-gaap_LineOfCreditFacilityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for short-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 7 -Section 03 -Paragraph 16 Reference 4: 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) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13 -Article 9 + Details
Name: | us-gaap_ShortTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration