Note 8 - Short Term Borrowings

12 Months Ended

Dec. 31, 2013

Disclosure Text Block [Abstract]

Short-term Debt [Text Block]

Note 8. Short Term Borrowings

Short term borrowings consist of the following at December 31, 2013 and 2012:

(Dollars In Thousands)	2013			2012
Securities sold under agreements to repurchase	$	258		$	216
Weighted average interest rate		0.51	%		0.51	%

Short term borrowings consist of securities sold under agreements to repurchase, which are secured transactions with customers and generally mature the day following the day sold. Short-term borrowings may also include federal funds purchased, which are unsecured overnight borrowings from other financial institutions. At December 31, 2013, the Bank had established $19.0 million in unsecured federal funds lines of credit and another $8.0 million secured line of credit.  At year-end 2013, there was no balance outstanding on any line of credit.