Note 11 - Other Borrowings

12 Months Ended

Dec. 31, 2013

Other Borrowings [Abstract]

Other Borrowings [Text Block]

11.     OTHER BORROWINGS

Federal Home Loan Bank. The Bank is a member of the Federal Home Loan Bank System. As a member of this system, it is required to maintain an investment in capital stock of the FHLB in an amount equal to the sum of 0.04% of total assets as of the previous December 31 and 4.10% of outstanding advances. No ready market exists for such stock and it has no quoted market value. The carrying value of the stock is its cost.

The Bank currently pledges as collateral for FHLB advances certain qualifying one- to four-family mortgage loans. On October 17, 2013 the Bank was notified by the FHLB of Dallas that the Bank has been removed from custody status and upgraded to blanket lien status due to continued improvement in the financial ratios the FHLB uses to measure a bank’s status. At December 31, 2013, certain loans remained in the custody of the FHLB.

At December 31, 2013, scheduled maturities of FHLB advances were as follows: (in thousands):

Years Ending December 31	Weighted Average Rate			Amount
2014		4.33	%	$	114
2015		4.30			616
2016		1.01			5,082
2017		3.95			85
2018		3.95			44
Total		1.49	%	$	5,941