Federal Home Loan Bank Borrowings and Federal Funds Purchased

12 Months Ended

Dec. 31, 2011

Federal Home Loan Bank Borrowings and Federal Funds Purchased Disclosure [Abstract]

Federal Home Loan Bank Borrowings and Federal Funds Purchased

(12)  Federal Home Loan Bank Borrowings and Federal Funds Purchased

A credit line has been established by the FHLB for the Bank. At December 31, 2011, the line of credit available to the Bank was $154.6 million. The Bank may borrow from the FHLB in amounts up to 20% of its total assets, subject to certain restrictions and collateral. Advances on the line are collateralized by securities pledged and held in safekeeping by the FHLB, as well as supported by eligible real estate loans.  As of December 31, 2011, collateral consisted entirely of eligible real estate loans in the amount of $258.5 million.

The Company also uses lines of credit at correspondent banks to purchase federal funds for short-term funding. There were no outstanding borrowings at December 31, 2011 and December 31, 2010.  Available borrowings under these lines of credit totaled $35.0 million at December 31, 2011 and December 31, 2010.

(dollars in thousands)	December 31,
	2011		2010
Year to date average balance	$	3	$	279
Maximum amount outstanding at any month end		-		-
Weighted average interest rate on amount outstanding at year end		-		-