Short-term Borrowings

12 Months Ended

Dec. 31, 2012

Short-term Borrowings

Short-term Borrowings

Note 10.  Short-term Borrowings

Short-term borrowings consist of advances which mature in less than one year from date of origination.  At December 31, 2012, the Company had an operating line in the amount of $20.0 million from its primary correspondent bank.  The line, which is collateralized by the outstanding shares of the Bank, matures on May 31, 2013.  The interest rate on advances from the line of credit is equal to LIBOR + 2.75%. The Company had no outstanding amounts on its operating line at December 31, 2012 or 2011.