BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2012

BORROWINGS

Schedule of borrowings

Borrowings consist of the following at December 31 (dollars in thousands):

	2012		2011
Federal Home Loan Bank fixed rate advances at December 31, 2012 with a weighted average rate of 1.82% maturing in 2013, 2014 and 2016	$	35,000	$	35,000
USDA Rural Development, fixed-rate note payable, maturing August 24, 2024 interest payable at 1%	925		997
	$	35,925	$	35,997

Schedule of maturities and principal payments of borrowings outstanding

Maturities and principal payments of borrowings outstanding at December 31, 2012 are as follows (dollars in thousands):

2013	$	10,073
2014	10,074
2015	74
2016	15,075
2017	76
Thereafter	553
Total	$	35,925