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Federal Funds Purchased And Short-Term Borrowings
 12 Months Ended
Dec. 31, 2011
Federal Funds Purchased And Short-Term Borrowings [Abstract]  
Federal Funds Purchased And Short-Term Borrowings

9. FEDERAL FUNDS PURCHASED AND SHORT-TERM BORROWINGS

The outstanding balances and related information for federal funds purchased and other short-term borrowings are summarized as follows:

 

     AT DECEMBER 31, 2011  
     FEDERAL
FUNDS
PURCHASED		     SHORT-TERM
BORROWINGS		  
     (IN THOUSANDS, EXCEPT RATES)  

Balance

    $ —      $ 15,765   

Maximum indebtedness at any month end

      —        15,765   

Average balance during year

      49        1,167   

Average rate paid for the year

      0.32 %      0.51 % 

Interest rate on year end balance

      —        0.34   

 

     AT DECEMBER 31, 2010  
     FEDERAL
FUNDS
PURCHASED		     SHORT-TERM
BORROWINGS		  
     (IN THOUSANDS, EXCEPT RATES)  

Balance

    $ —      $ 4,550   

Maximum indebtedness at any month end

      —        9,230   

Average balance during year

      9        3,110   

Average rate paid for the year

      0.51 %      0.71 % 

Interest rate on year end balance

      —        0.62   

 

     AT DECEMBER 31, 2009  
     FEDERAL
FUNDS
PURCHASED		     OTHER
SHORT-TERM
BORROWINGS		  
     (IN THOUSANDS, EXCEPT RATES)  

Balance

    $ —      $ 25,775   

Maximum indebtedness at any month end

      5,968        54,649   

Average balance during year

      1,358        19,670   

Average rate paid for the year

      0.50 %      0.67 % 

Interest rate on year-end balance

      —        0.62   

Average amounts outstanding during the year represent daily averages. Average interest rates represent interest expense divided by the related average balances.

These borrowing transactions can range from overnight to one year in maturity. The average maturity was three days at the end of both 2011 and 2010, and two days at the end of 2009.