Borrowings

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

Note 12. Borrowings

The components of borrowings are as follows (dollars in thousands):

September 30, 2014
Type	Maturity Date	Interest Rate			Oustanding
FRB Discount Window	10/01/14		0.07	%	$	50,000
FHLB	10/28/14		0.38			25,000
FHLB	10/29/14		0.30			50,000
FHLB	02/23/15		0.88			10,000
FHLB	05/07/15		0.81			15,000
FHLB	05/11/15		2.17			785
FHLB	05/11/15		2.91			5,000
FHLB	06/09/15		0.44			25,000
FHLB	06/26/15		0.48			25,000
FHLB	08/05/15		1.49			2,000
FHLB	08/03/16		1.93			10,000
FHLB	08/26/16		1.04			5,000
FHLB	10/11/16		1.15			5,000
FHLB	01/23/17		1.16			10,000
FHLB	04/28/17		1.26			5,000
Citi REPO	06/15/17		5.95			15,000
FHLB	06/26/17		1.30			25,000
FHLB	07/08/17		1.29			5,000
FHLB	09/25/17		1.41			11,000
FHLB	02/12/18		1.56			10,000
FHLB	04/02/18		2.50			2,500
FHLB	04/02/18		1.98			7,500
FHLB	04/30/18		1.75			5,000
FHLB	07/16/18		2.99			5,000
Citi REPO	08/08/18		5.85			16,000
FHLB	09/11/18		4.15			5,000
FHLB	10/23/18		1.68			10,000
FHLB	11/19/18		1.68			10,000
FHLB	01/30/19		1.79			4,000
FHLB	02/11/19		1.99			6,000
FHLB	10/30/20		3.23			20,000
FHLB	11/02/20		3.61			20,000
					$	419,785
Fair value mark:						1,175
					$	420,960
December 31, 2013
Citi REPO	06/15/17		5.95	%	$	15,000
FHLB	11/16/17		3.18			5,000
FHLB	11/16/17		3.29			5,000
FHLB	11/16/17		3.10			5,000
FHLB	11/16/17		3.49			10,000
FHLB	11/27/17		3.16			5,000
FHLB	11/27/17		3.40			5,000
FHLB	01/03/18		3.25			4,000
FHLB	01/03/18		2.99			3,000
FHLB	01/03/18		2.74			3,000
FHLB	01/31/18		3.34			10,000
FHLB	01/31/18		2.44			10,000
FHLB	01/31/18		2.78			5,000
Citi REPO	08/08/18		5.85			16,000
FHLB	09/12/18		4.16			5,000
FHLB	11/02/20		3.62			20,000
FHLB	11/30/20		3.24			20,000
					$	146,000

On September 30, 2014, the Corporation extinguished $70,000,000 of FHLBNY advances with a weighted average rate of 3.10 percent and a weighted average maturity of 3.2 years.  The advances were putable at the option of the FHLBNY.  A pre-tax prepayment penalty of $4.6 million associated with the extinguishment was recorded to noninterest expense.