10.	NOTES PAYABLE

The Company acquired at fair value approximately $29.1 million of borrowed funds from PSB, which included $27.1 million in FHLB advances and $2.0 million of notes payable with First National Bankers Bank.

FHLB advances at December 31, 2012 are summarized as follows (in thousands):

	Amount		Weighted Average Rate
FHLB advances maturing in:
2013	$	59		5.057	%
2014		65		5.057	%
2015		71		5.057	%
2016		77		5.057	%
2017		16,738		3.412	%
2019		10,118		1.985	%
Total FHLB advances	$	27,128

The FHLB advances are collateralized by a blanket lien on first mortgages and other qualifying loans totaling $231.4 million.

The notes payable with First National Bankers Bank requires annual payments of $250,000 and bear an interest rate equal to New York Prime.

The scheduled maturities of notes payable as of December 31, 2012 is as follows (in thousands):

2013	$	309
2014		315
2015		321
2016		327
2017		16,988
Thereafter		10,868
	$	29,128