Short-Term Borrowings

12 Months Ended

Dec. 31, 2012

Short-Term Borrowings [Abstract]

Short-Term Borrowings

(12) Short-Term Borrowings

Short-term borrowings totaled $162.9 million and $181.6 million at December 31, 2012 and 2011, respectively, and consist of Federal funds purchased and securities sold under repurchase agreements, which generally represent overnight borrowing transactions, and other short-term borrowings, primarily FHLB advances, with original maturities of one year or less.

The Company had unused lines of credit with the FHLB available for short-term financing of approximately $418 million and $323 million at December 31, 2012 and 2011, respectively. Borrowings on these lines are secured by FHLB stock, certain securities and one-to-four family first lien mortgage loans. Securities collateralizing repurchase agreements are held in safekeeping by nonaffiliated financial institutions and are under the Company's control.

Information related to short-term borrowings is summarized as follows:

(Dollars In thousands)	2012			2011			2010
Federal funds purchased
Balance at year-end	$	10,000		$	27,000			-
Average during the year		12,658			3,017			-
Maximum month end balance		60,000			28,000			-
Weighted average rate during the year		0.27	%		0.11	%		-
Weighted average rate at December 31		0.27	%		0.13	%		-
Securities sold under repurchase agreements
Balance at year-end	$	152,941		$	154,592		$	159,184
Average during the year		153,084			150,663			157,964
Maximum month end balance		165,977			178,414			169,278
Weighted average rate during the year		0.10	%		0.13	%		0.25	%
Weighted average rate at December 31		0.10	%		0.10	%		0.15	%
Other short-term borrowings
Balance at year-end		-			-		$	250
Average during the year		-			249			250
Maximum month end balance		-			250			250
Weighted average rate during the year		-			-			-
Weighted average rate at December 31		-			-			-

See Note 5 for additional information regarding securities pledged as collateral for securities sold under the repurchase agreements.