Borrowings and Borrowings Availability (Tables)

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

Schedule of debt

The following tables present information regarding the Company’s outstanding borrowings at December 31, 2012 and 2011:

Description - 2012	Due date	Call Feature	2012 Amount		Interest Rate
Trust Preferred Securities	1/23/34	Quarterly by Company beginning 1/23/09	$	20,620,000	3.01% at 12/31/12 adjustable rate 3 month LIBOR + 2.70%
Trust Preferred Securities	6/15/36	Quarterly by Company beginning 6/15/11		25,774,000	1.70% at 12/31/12 adjustable rate 3 month LIBOR + 1.39%
Total borrowings / weighted average rate as of December 31, 2012			$	46,394,000	2.28%

Description - 2011	Due date	Call Feature	2011 Amount		Interest Rate
FHLB Term Note	4/20/12	Quarterly by FHLB, beginning 4/20/09	$	7,500,000	4.51% fixed
FHLB Term Note	6/28/12	None		15,000,000	0.69% fixed
FHLB Term Note	12/28/12	None		7,500,000	0.91% fixed
FHLB Term Note	6/28/2013	None		15,000,000	0.72% fixed
FHLB Term Note	12/30/13	None		7,500,000	1.50% fixed
FHLB Term Note	1/13/14	None		20,000,000	1.38% fixed
FHLB Term Note	6/30/14	None		15,000,000	1.21% fixed
Trust Preferred Securities	1/23/34	Quarterly by Company beginning 1/23/09		20,620,000	3.13% at 12/31/11 adjustable rate 3 month LIBOR + 2.70%
Trust Preferred Securities	6/15/36	Quarterly by Company beginning 6/15/11		25,774,000	1.94% at 12/31/11 adjustable rate 3 month LIBOR + 1.39%
Total borrowings / weighted average rate				133,894,000	1.74%
Unamortized fair market value adjustment recorded in acquisition				31,000
Total borrowings as of December 31, 2011			$	133,925,000