Cash and Cash Equivalents

9 Months Ended

Sep. 30, 2011

Cash and Cash Equivalents

Cash and Cash Equivalents

Note 4 – Cash and Cash Equivalents

Cash and due from banks, which represents vault cash in the retail offices and invested cash balances at the Federal Reserve, is carried at fair value.

	September 30, 2011		December 31, 2010
Cash and due from banks, weighted average interest rate of 0.25% (at September 30, 2011)	$	44,022	$	184,830

Interest bearing deposits in banks, which represent funds invested at a correspondent bank, are carried at fair value and, as of September 30, 2011 and December 31, 2010, consisted of daily funds invested at the Federal Home Loan Bank ("FHLB") of Atlanta, First Tennessee Bank ("FTN"), Merchants and Traders ("M&T") and Community Bankers Bank ("CBB").

	September 30, 2011		December 31, 2010
FHLB daily investments, interest rate of 0.005% (at September 30, 2011)	$	3,431	$	77,102
FTN daily investments, interest rate of 0.06% (at September 30, 2011)		1,350		1,350
M&T Fed Funds sold, interest rate of 0.25% (at September 30, 2011)		6,018		6,004
CBB Fed Funds sold, interest rate of 0.21% (at September 30, 2011)		30,075		30,027
	$	40,874	$	114,483