SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

12 Months Ended

Dec. 31, 2011

Securities Sold Under Agreements To Repurchase

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

NOTE 9 – SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

Salisbury enters into overnight and short-term repurchase agreements with its customers. Securities sold under repurchase agreements are as follows:

Years ended December 31, (dollars in thousands)	2011			2010
Repurchase agreements, ending balance	$	12,148		$	13,190
Repurchase agreements, average balance during period		12,510			12,611
Book value of collateral		18,788			13,072
Market value of collateral		19,149			13,229
Weighted average rate during period		.50	%		.71	%
Weighted average maturity		1 day			1 day