Short-term Borrowings

12 Months Ended

Dec. 31, 2013

Short-term Borrowings [Abstract]

Short-term Borrowings

Note 10 – Short-term Borrowings

Short-term borrowings consist of customer repurchase agreements, overnight borrowings from the FHLB, and Federal Funds purchased.  The Company has federal funds lines of credit established with two correspondent banks in the amounts of $15,000,000 and $10,000,000, and, additionally, has access to the Federal Reserve Bank's discount window.  Customer repurchase agreements are collateralized by securities of the U.S. Government, its agencies or GSEs. They mature daily.  The interest rates are generally fixed but may be changed at the discretion of the Company. The securities underlying these agreements remain under the Company's control.  FHLB overnight borrowings contain floating interest rates that may change daily at the discretion of the FHLB.  Federal Funds purchased are unsecured overnight borrowings from other financial institutions. Short-term borrowings consisted solely of customer repurchase agreements at December 31, 2013 and 2012.

Short-term borrowings consisted soley of customer repurchase agreements at December 31, 2013 and 2012.

	December 31, 2013						December 31, 2012
	Amount			Weighted Average Rate			Amount			Weighted Average Rate
Customer repurchase agreements		$	39,478		0.02	%		$	49,942		0.18	%