SECURITIES SOLD UNDER REPURCHASE AGREEMENTS

6 Months Ended

Jun. 30, 2011

Disclosure of Repurchase Agreements [Abstract]

SECURITIES SOLD UNDER REPURCHASE AGREEMENTS

NOTE 7 - SECURITIES SOLD UNDER REPURCHASE AGREEMENTS

     At June 30, 2011 and 2010, and December 31, 2010, securities sold under repurchase agreements totaled $82,627, $100,112, and $99,153, respectively. Securities with a book value of $88,996 ($89,915 fair value), $113,342 ($114,544 fair value), and $117,386 ($117,549 fair value), were used as collateral for the agreements for the same periods, respectively. The weighted-average interest rate of these agreements was .27 percent, .78 percent, and .46 percent at June 30, 2011 and 2010, and December 31, 2010, respectively.

     The Company had no brokered deposits at any of June 30, 2011, June 30, 2010, or December 31, 2010.