9. BORROWINGS

Borrowings are as follows:

	Year Ended December 31, 2012
	Balance		Rate		Average balance		Weighted
	at year end		at year end		for the year		average rate

FHLB-advances-fixed	$	68,000,000	2.81	%	$	69,900,000	2.78	%
	$	68,000,000			$	69,900,000

	Year Ended December 31, 2011
	Balance		Rate		Average balance		Weighted
	at year end		at year end		for the year		average rate

FHLB-advances-fixed	$	76,000,000	2.64	%	$	76,000,000	2.64	%
Daily Rate Credit	8,000,000		0.36	%	1,655,000		0.37	%
	$	84,000,000			$	77,655,000

The fixed rate advances mature as follows:

Year ending December 31,	Total

2013	$	22,000,000
2014	20,000,000
2015	—
2016	—
2017	26,000,000
and thereafter	—
Total	$	68,000,000

At December 31, 2011, total borrowings consisted of $84.0 million in FHLB advances. During the fiscal year ending December 31, 2012, our borrowings were reduced as a result of an $8.0 million maturity and the repayment of $8.0 million in the daily rate credit, bringing the balance of our FHLB advances to $68.0 million at December 31, 2012. Borrowings for fiscal 2012 were as follows:

FHLB Borrowings

Beginning Balance at December 31, 2011	$	84,000
Matured	(8,000		)
Repayment of daily rate credit	(8,000		)
New advances	—

Ending Balance at December 31, 2012	$	68,000

We are required to maintain collateral against FHLB advances. This collateral consisted of a blanket lien on our 1-to-4 family residential loan portfolio, commercial real estate loan portfolio and multi-family first trust mortgage portfolio, which had a net collateral value of $62,746,609 and $61,699,987 at December 31, 2012 and 2011, respectively.

During the years ended December 31, 2012 and 2011, the maximum month end balance of total borrowings was $76.0 million and $86.0 million, respectively. We currently have an unused secured line of credit of $7.0 million with M & T Bank as well as a $5.0 million unused line of credit with Atlantic Central Bankers Bank which includes $3.0 million unsecured and $2.0 million secured lines of credit.