Borrowing Arrangements

6 Months Ended

Jun. 30, 2012

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



June 30, 2012		December 31, 2011
Amount		Amount		Rate		Maturity Date
$	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 $9,035,000 and $15,272,000, and market values totaling $9,272,000 and $15,683,000 at June 30, 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 June 30, 2012 and December 31, 2011, the Company had no Federal funds purchased.

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

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-Name Federal Regulation (FR)

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-LegacyDoc This is a non-GAAP reference that was included in the 2009 taxonomy. It will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

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Reference 7: http://www.xbrl.org/2003/role/presentationRef

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+ Details