Federal Bank Stocks

12 Months Ended

Dec. 31, 2012

Banking and Thrift [Abstract]

Federal Home Loan Bank Advances, Disclosure [Text Block]

6. Federal Bank Stocks

The Bank is a member of the FHLB and the FRB. As a member of these federal banking systems, the Bank maintains an investment in the capital stock of the respective regional banks, which are carried at cost. These stocks are purchased and redeemed at par as directed by the federal banks and levels maintained are based primarily on borrowing and other correspondent relationships. The Bank’s investment in FHLB and FRB stocks was $1.9 million and $984,000, respectively, at December 31, 2012, and $2.7 million and $984,000, respectively, at December 31, 2011. The FHLB repurchases a portion of the Bank’s excess capital stock each quarter. The repurchases totaled $779,000 and $611,000, respectively, for the years ended December 31, 2012 and 2011. Offsetting these repurchases, the Corporation purchased $146,000 of FRB capital stock during the year ended December 31, 2011.