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SHORT-TERM BORROWINGS
 12 Months Ended
Dec. 31, 2012
SHORT-TERM BORROWINGS [Abstract]  
SHORT-TERM BORROWINGS

9. SHORT-TERM BORROWINGS

Short-term borrowings, which consist of federal funds purchased and other short-term borrowings are summarized as follows:

     
  AT DECEMBER 31, 2012
  FEDERAL FUNDS PURCHASED SHORT-TERM BORROWINGS
  (IN THOUSANDS, EXCEPT RATES)
Balance $ - $ 15,660
Maximum indebtedness at any month end - 19,755
Average balance during year 117 5,225
Average rate paid for the year 0.34% 0.20%
Interest rate on year end balance - 0.25
     
  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 OTHER 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

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 one day at the end of 2012 and three days at the end of both 2011 and 2010.