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Note 10 - Federal Funds Purchased
6 Months Ended
Jun. 30, 2014
Banking and Thrift [Abstract]  
Banking and Thrift Disclosure [Text Block]

NOTE 10. FEDERAL FUNDS PURCHASED


At June 30, 2014 and December 31, 2013, the Company had no outstanding federal funds purchased balances. The Bank had available lines of credit with the Federal Home Loan Bank (FHLB) totaling $124.0 million at June 30, 2014. The Bank had available lines of credit with the Federal Reserve totaling $21.7 million subject to certain collateral requirements, namely the amount of certain pledged loans. The Bank had uncommitted federal funds line of credit agreements with three financial institutions totaling $40.0 million at June 30, 2014. At June 30, 2014, the lines of credit had interest rates ranging from 0.28% to 1.15%. Availability of the lines is subject to federal funds balances available for loan, continued borrower eligibility and are reviewed and renewed periodically throughout the year. These lines are intended to support short-term liquidity needs, and the agreements may restrict consecutive day usage.