NOTES PAYABLE (Tables)

12 Months Ended

Dec. 31, 2013

Notes payable consisted of the following:

		2013		2012

FHLB advances	$	5,000	$	10,000
Subordinated debentures		38,557		38,557
Other notes payable		2,020		158

	$	45,577	$	48,715

FHLB advances

The FHLB advances are secured by a blanket pledge of eligible loans and securities and require monthly interest payments. The following advances were outstanding as of December 31:

		2013		2012
Fixed rate advances with maturity in 2013 and an interest rate of 1.35%	$	-	$	5,000
Fixed rate advances with maturity in 2014 and an interest rate of 1.72%		5,000		5,000

	$	5,000	$	10,000

Payments of Notes Payable

Payments on notes payable over the next five years are as follows:

2014	$	5,000
2015		-
2016		1,889
2017		131
2018		20,000
Thereafter		18,557
Total notes payable	$	45,577