SECURITIES SOLD UNDER REPURCHASE AGREEMENTS (Tables)

3 Months Ended

Mar. 31, 2013

SECURITIES SOLD UNDER REPURCHASE AGREEMENTS

Summary of securities sold under repurchase agreements

	2013			2012
Amount outstanding at period end	$	10,000,000		$	10,000,000
Average amount outstanding during the period	10,000,000			17,218,122
Maximum outstanding at any month-end	10,000,000			20,000,000
Weighted average rate paid at period-end	4.40		%	4.40		%
Weighted average rate paid during the period	4.46		%	4.29		%