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Long-term Debt
 12 Months Ended
Dec. 31, 2012
Long-term Debt.  
Long-term Debt

Note 11.  Long-term Debt

 

Long-term debt is summarized as follows:

 

 

 

December 31,

 

 

 

2012

 

2011

 

 

 

(dollars in thousands)

 

 

 

 

 

 

 

Notes payable, JPMorgan Chase N.A., $2,085,000 term loan, ESOP related, at LIBOR + 1.15% (effective rate of 1.45% at December 31, 2011), annual payments of $417,000, began December 2008, loan matured December 15, 2012.

 

$

—

 

$

417

 

 

 

 

 

 

 

Notes payable, Federal Home Loan Bank of Chicago, collateralized by all otherwise unpledged U.S. Treasury securities and obligations of U.S. government corporations and agencies, first mortgages on 1-4 family residential real estate loans and Federal Home Loan Bank stock.

 

7,000

 

19,000

 

 

 

 

 

 

 

 

 

$

7,000

 

$

19,417

 

 

As of December 31, 2012, funds borrowed from the Federal Home Loan Bank, listed above, consisted of fixed-rate advances maturing through May 2013, with interest rates ranging from 4.68% to 5.39%.  The weighted average rate on these long-term advances was 5.29% and 4.68% as of December 31, 2012 and 2011, respectively.