OTHER BORROWINGS

12 Months Ended

Dec. 31, 2012

OTHER BORROWINGS

OTHER BORROWINGS

NOTE 11 — OTHER BORROWINGS

December 31	2012		2011
Other borrowings consisted of the following at year-end:
Securities sold under repurchase agreements	$	25,794	$	25,789
Federal funds purchased		8,725		—
Total other borrowings	$	34,519	$	25,789

        Securities sold under repurchase agreements ("agreements") consist of obligations secured by securities issued by government-sponsored entities, and a safekeeping agent holds such collateral. The balance at December 31, 2012 and 2011 was $25,794 and $25,789 respectively. The maximum amount of outstanding agreements at any month-end during 2012, 2011, and 2010 totaled $30,974, $40,960, and $50,513. The daily average of such agreements during 2012, 2011, and 2010 totaled $28,243, $30,404, and $39,737. The weighted average rate was 0.20%, 0.44%, and 0.55% at December 31, 2012, 2011, and 2010 while the weighted average rate during 2012, 2011, and 2010 was approximately 0.34%, 0.52%, and 0.64% respectively. The majority of the agreements at December 31, 2012 mature within 30 days.