FEDERAL FUNDS PURCHASED

12 Months Ended

Dec. 31, 2011

FEDERAL FUNDS PURCHASED.

FEDERAL FUNDS PURCHASED

16.         FEDERAL FUNDS PURCHASED

              Federal funds purchased generally mature within one business day to six months from the transaction date. Federal funds purchased are included in notes payable and other borrowings.

              The following table provides information on Federal funds purchased for the periods indicated:

	As of and for the Year Ended December 31,
	2011			2010			2009
	(Dollars in thousands)
Balance at end of year	$	—		$	22		$	22
Average balance outstanding during the year	$	3,496		$	871		$	2,379
Maximum balance outstanding at any month-end	$	100,000		$	6,023		$	3,022
Weighted average interest rate during the year		0.10	%		0.20	%		0.37	%
Weighted average interest rate at end of year		—	%		0.15	%		0.06	%

              As a means of augmenting its liquidity, the Company has established Federal funds lines with several correspondent banks. The Company's available borrowing capacity from Federal funds line facilities amounted to $563.0 million and $313.0 million as of December 31, 2011 and 2010, respectively.