Note 6 - Short-term Borrowings

3 Months Ended

Jun. 30, 2011

Debt

Short-term Debt [Text Block]

Note 6 – Short-term Borrowings

As of June 30, 2011, the Company has established lines of credit aggregating $58.0 million. At June 30, 2011, the outstanding borrowings under these credit lines were $20.3 million at a weighted average interest rate of 1.32%.

The weighted average daily amounts of borrowings outstanding under the Company’s credit lines and the weighted average interest rates on those amounts were as follows:

	($ In Thousands)
	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
Average Daily Amounts Outstanding	$	19,548		$	31,555		$	18,426		$	36,614
Weighted Average Interest Rates		1.59	%		1.69	%		1.59	%		1.61	%

The maturity dates for the $20.3 million outstanding as of June 30, 2011 are as follows: $9.3 million in July 2011 and $11.0 million in August 2011.

Interest rates for short-term borrowings under the lines of credit are below the prime rate with no requirement for compensating balances.