UNUSED LINES OF CREDIT

3 Months Ended

Mar. 31, 2012

UNUSED LINES OF CREDIT

UNUSED LINES OF CREDIT

NOTE 18 - UNUSED LINES OF CREDIT

As of March 31, 2012, the Bank had no unused lines of credit to purchase federal funds from unrelated banks.  A line of credit is available from the FHLB with a remaining credit availability of $45.8 million and an excess lendable collateral value of approximately $1.5 million at March 31, 2012.  In addition, we maintain a $155,700 line of credit with the Federal Reserve Bank.   This line of credit is secured by approximately $476,000 in bonds as of March 31, 2012.