Other Borrowings

12 Months Ended

Dec. 31, 2011

Other Borrowings {1}

Other Borrowings

(8)       Other Borrowings

At December 31, 2011 and 2010, the Company had a borrowing/credit facility secured by a blanket lien on eligible loans at the FHLB of $53.7 million and $45.8 million, respectively. The Company had $25.0 million and $2.0 million of long-term borrowings outstanding under this borrowing/credit facility with the FHLB at December 31, 2011 and 2010, respectively.  The Company had no overnight borrowings outstanding under this borrowing/credit facility at December 31, 2011 and 2010.

The following table summarizes the outstanding long-term borrowings under the borrowing/credit facility secured by a blanket lien on eligible loans at the FHLB at December 31, 2011 and 2010 (dollars in thousands):

Maturity Date	Interest Rate	December 31, 2011				December 31, 2010
April 15, 2011	1.59%		$	—	$		2,000
May 23, 2013	0.63%			2,500			—
May 23, 2014	1.14%			2,500			—
December 29, 2014	0.83%			5,000			—
December 30, 2014	0.74%			2,500			—
May 26, 2015	1.65%			2,500			—
May 23, 2016	2.07%			2,500			—
December 29, 2016	1.38%			5,000			—
December 30, 2016	1.25%			2,500			—
	Total		$	25,000	$		2,000

At December 31, 2011 and 2010, the Company also had $27.0 million in Federal fund lines of credit available with other correspondent banks that could be used to disburse loan commitments and to satisfy demands for deposit withdrawals. Each of these lines of credit is subject to conditions that the Company may not be able to meet at the time when additional liquidity is needed.  The Company did not have any borrowings outstanding under these lines of credit at December 31, 2011 or 2010.  As of December 31, 2011, the Company had pledged $6.3 million of corporate notes in connection with these lines of credit.