SHORT-TERM BORROWINGS

12 Months Ended

Dec. 31, 2013

Short-Term Debt [Abstract]

SHORT-TERM BORROWINGS

NOTE 7 - SHORT-TERM BORROWINGS

Short-term borrowings consisted of the following:

		2013		2012
FHLB advance	$	-	$	20,000
Retail repurchase agreements		27,643		21,408
	$	27,643	$	41,408

Information regarding repurchase agreements for the years ended December 31, 2013 and 2012 is presented below:

		2013			2012
Average balance during the year	$	27,739		$	25,823
Maximum month end balance during the year		32,514			32,593
Average rate paid during the year		0.22	%		0.30	%
Year-end weighted average rate		0.20	%		0.26	%