Investment in Federal Home Loan Bank of Atlanta Stock

12 Months Ended

Dec. 31, 2014

Investment in Federal Home Loan Bank of Atlanta Stock [Abstract]

Investment in Federal Home Loan Bank of Atlanta Stock

Note 6 - Investment in Federal Home Loan Bank of Atlanta Stock

The Bank is required to maintain an investment in the stock of the FHLB in an amount equal to at least 1% of the unpaid principal balances of the Bank's residential mortgage loans or 1/20 of its outstanding advances from the FHLB, whichever is greater. Purchases and sales of stock are made directly with the FHLB at par value.