FEDERAL HOME LOAN BANK ADVANCES	6 Months Ended
FEDERAL HOME LOAN BANK ADVANCES	Jun. 30, 2013
FEDERAL HOME LOAN BANK ADVANCES
FEDERAL HOME LOAN BANK ADVANCES	NOTE 14 — FEDERAL HOME LOAN BANK ADVANCES Total outstanding Federal Home Loan Bank (“FHLB”) advances amounted to $314.0 million and $313.0 million at June 30, 2013 and December 31, 2012, respectively. There was no prepayment of FHLB advances during the first six months of 2013. In comparison, during the first six months of 2012, FHLB advances totaling $50.0 million were prepaid, with additional prepayment penalties of $3.7 million. Also, during the first six months of 2012, the Company modified $300.0 million of fixed rate FHLB advances into adjustable rate advances, reducing the effective interest rate on these borrowings from 2.27% to 1.36%. As a result of the modification the Company incurred a $37.7 million modification cost which was deferred and treated as a discount on the corresponding debt.

The entire disclosure for borrowing from the Federal Home Loan Bank, including: (i) general description; (ii) title and nature of obligation; (iii) interest rate; (iv) payment terms; (v) maturity dates by year; (vi) collateral requirements; (vii) restrictive covenants; (viii) priority; (ix) conversion or redemption features; (x) carrying value of assets pledged as collateral; (xi) combined aggregate maturities for next five years; (xii) unused or available balances.

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