Borrowing Arrangements

3 Months Ended

Mar. 31, 2012

Regulatory Capital Requirements [Abstract]

Borrowing Arrangements

Borrowing Arrangements

Federal Home Loan Bank Advances:  Advances from the Federal Home Loan Bank (FHLB) of San Francisco consisted of the following:

March 31, 2012		December 31, 2011
Amount		Amount		Rate		Maturity Date
(Dollars in thousands)
$	4,000	$	4,000	3.59	%	February 12, 2013
4,000		4,000
4,000		—		Less short-term portion
$	—	$	4,000	Long-term debt

FHLB advances are secured by investment securities with amortized costs totaling $12,253,000 and $15,272,000, and market values totaling $12,595,000 and $15,683,000 at March 31, 2012 and December 31, 2011, respectively.  The Bank’s credit limit varies according to the amount and composition of the investment and loan portfolios pledged as collateral.

As of March 31, 2012 and December 31, 2011, the Company had no Federal funds purchased.