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FEDERAL HOME LOAN BANK ADVANCES
12 Months Ended
Dec. 31, 2014
FEDERAL HOME LOAN BANK ADVANCES [Abstract]  
FEDERAL HOME LOAN BANK ADVANCES
NOTE 10 – FEDERAL HOME LOAN BANK ADVANCES

The Banks own stock of the Federal Home Loan Bank of Cincinnati, Ohio (FHLB-Cin), and Federal Home Loan Bank of Pittsburgh, Pennsylvania (FHLB-Pitt). This stock allows the Banks to borrow advances from the FHLB.  At December 31, 2014 the total amount of borrowing permitted by the FHLB-Cin was $59,212 and the total amount of borrowing permitted by the FHLB-Pitt was $379,133.

During 2014 and 2013, the Banks borrowed on a short-term basis and paid-off all FHLB advances as they matured.  There were no borrowings outstanding at December 31, 2014 or at December 31, 2013.