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Other Borrowings
6 Months Ended
Jun. 30, 2011
Other Borrowings  
Other Borrowings

NOTE 6 – OTHER BORROWINGS

The Company has, from time to time, utilized certain borrowing arrangements with various financial institutions to fund growth in earning assets or provide additional liquidity when appropriate spreads can be realized. At June 30, 2011 and 2010, there were no outstanding borrowings with the Company's correspondent banks, compared to $43.5 million at December 31, 2010. The Company's success with attracting and retaining retail deposits has allowed for very low dependence on more volatile non-deposit funding.