Note 9 - Short-Term Borrowings

12 Months Ended

Dec. 31, 2013

Disclosure Text Block [Abstract]

Short-term Debt [Text Block]

Note 9 - Short-Term Borrowings

December 31,	Securities sold under agreements to repurchase (a)			Other short-term borrowings(b)
2013
Balance	$	35,156		$	-
Maximum indebtedness at any month end		35,156			-
Daily average indebtedness outstanding		29,684			59
Average rate paid for the year		0.37	%		0.21	%
Average rate on period-end borrowings		0.37			-
2012
Balance	$	27,988		$	4,500
Maximum indebtedness at any month end		27,988			13,223
Daily average indebtedness outstanding		23,793			1,054
Average rate paid for the year		0.44	%		0.34	%
Average rate on period-end borrowings		0.37			0.25

^(a) Securities sold under agreements to repurchase mature overnight. The repurchase agreements were collateralized by U.S. Government mortgage-backed securities and CMOs with an amortized cost of $54,983,000 and $36,886,000 and a fair value of $54,441,000 and $37,915,000 at December 31, 2013 and 2012, respectively. These securities are held in safekeeping at the Federal Reserve Bank of Philadelphia.

^(b) Other short-term borrowings include Federal funds purchased and overnight borrowings from the FHLB.

The Bank has two unsecured Federal funds lines granted by correspondent banks totaling $26,000,000. Federal funds purchased under these lines were $0 at both December 31, 2013 and 2012.