Note 9 – Lines of Credit

As of December 31, 2011, the Company had unused lines of credit to purchase federal funds from correspondent banks totaling $8.0 million. These lines of credit are available on a one to fifteen-day basis for general corporate purposes. All of the lines do not contain maturity terms, and are subject to be withdrawn by the offering correspondent institution at their discretion. If borrowed upon, the lines of credit would be unsecured. The lines of credit available at December 31, 2011 were as follows:


Correspondent Bank	Commitment		Balance Outstanding
CenterState Bank	$	3,000,000	$	-
South Carolina Bank & Trust		2,000,000		-
SunTrust Bank		3,000,000		-
	$	8,000,000	$	-

The Company also has a line of credit to borrow funds from the Federal Home Loan Bank up to 10% of the Bank’s total assets, which totaled $9,150,000 as of December 31, 2011. As of December 31, 2011, the Bank had no borrowings on this line.