Short-Term and Long-Term Borrowings

12 Months Ended

Dec. 31, 2012

Short-Term and Long-Term Borrowings [Abstract]

(15)	Short-Term and Long-Term Borrowings

The Company had no secured borrowings from the U.S. Treasury and no Federal Funds purchased at December 31, 2012 and December 31, 2011.

Additional short-term borrowings available to the Company consist of a line of credit and advances with the Federal Home Loan Bank ("FHLB") secured under terms of a blanket collateral agreement by a pledge of FHLB stock and certain other qualifying collateral such as commercial and mortgage loans. At December 31, 2012, the Company had a current collateral borrowing capacity with the FHLB of $146,535. The Company also has unsecured formal lines of credit totaling $37,000 with correspondent banks.

Long-term borrowings consisted of FHLB advances, totaling $0 and $7,000, respectively, at December 31, 2012 and 2011. Maturity was 0.5 years at a weighted average interest rate of 4.13% at December 31, 2011. Average outstanding balances were $3,443 and $7,975, respectively, during 2012 and 2011. The weighted average interest rate paid was 4.10% in 2012 and 4.09% in 2011.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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