FEDERAL HOME LOAN BANK ADVANCES (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block]

As of March 31, 2015 and December 31, 2014, advances from the FHLB were as follows:

	March 31, 2015		December 31, 2014
	(Dollars in Thousands)

Maturity on January 23, 2015, fixed rate at 0.24%	$	-	$	5,000
Maturity on April 15, 2015, fixed rate at 0.21%		32,000		-
Maturity on August 26, 2016, fixed rate 2.32% (1)		10,000		10,000
Maturity on September 28, 2016, fixed rate 4.15%		10,000		10,000
Maturity on December 8, 2016, fixed rate at 4.26%		10,000		10,000
Maturity on May 30, 2017, fixed rate at 4.33%		10,000		10,000
Maturity on June 20, 2017, fixed rate 0.73%		3,750		4,167
Maturity on August 1, 2017, fixed rate at 4.39%		20,000		20,000
Maturity on August 22, 2017, fixed rate at 3.74%		5,000		5,000
Maturity on August 28, 2017, fixed rate at 2.87% (1)		10,000		10,000
Maturity on December 21, 2017, fixed rate at 3.77%		15,000		15,000
Maturity on December 29, 2017, fixed rate at 3.89%		15,000		15,000
Maturity on March 26, 2018, fixed rate 4.11%		5,000		5,000
Maturity on June 20, 2019, fixed rate at 1.27%		4,250		4,500
Total	$	150,000	$	123,667

(1)

As a result of the prepayment and restructure of two $10.0 million advances, on August 26, 2014, $0.8 million of deferred prepayment penalties were factored into the new interest rate of the two $10.0 million advances granted on August 26, 2014.