Borrowings (Tables)

12 Months Ended

Dec. 31, 2012

Contractual principal repayments and the weighted average interest rate at the balance sheet date noted below are as follows:

Year Ending December 31,	Amount		Weighted Average Interest Rate
	(dollars in thousands)
2013	$	19,643		0.97	%
2014		643		2.47
2015		643		2.47
2016		643		2.47
2017		292		2.47
		21,864		1.12	%

Schedule of borrowings

The Company has access to an unsecured line of credit from the Pacific Coast Banker's Bank. The line has a two-year term maturing on June 30, 2014 and is renewable biannually. As of December 31, 2012, the amount available under this line of credit was $2.0 million. There was no balance on this line of credit as of December 31, 2012 and 2011, respectively. The following table summarizes our borrowings for the years ended December 31, 2012 and 2011, respectively:

	For the year ended December 31,
	2012			2011
	(dollars in thousands)
Maximum balance
FHLB advances	$	21,864		$	24,596
FRB advances	$	-		$	-
Average balances
FHLB advances	$	8,901		$	14,249
FRB advances	$	-		$	-
Weighted average interest rate
FHLB advances		2.02	%		1.97	%
FRB advances	NM			NM