Annual report pursuant to Section 13 and 15(d)

OTHER BORROWED FUNDS (Tables)

v2.4.0.8
OTHER BORROWED FUNDS (Tables)
12 Months Ended
Dec. 31, 2013
OTHER BORROWED FUNDS [Abstract]  
Advances from Federal Home Loan Bank
At year-end, advances from the Federal Home Loan Bank were as follows (dollars in thousands):
 
Principal Terms
 
Advance
Amount
 
      
Range of Maturities
Weighted
Average
Interest Rate
 
December 31, 2013
 
 
 
Single maturity fixed rate advances
 
$
80,000
 
August 2016 to February 2019
   
1.69
%
Amortizable mortgage advances
   
9,991
 
March 2018 to July 2018
   
3.78
%
 
 
$
89,991
 
 
       
 
Principal Terms
 
Advance
Amount
 
      
Range of Maturities
Weighted
Average
Interest Rate
 
December 31, 2012
 
 
 
Single maturity fixed rate advances
 
$
80,000
 
May 2015 to September 2016
   
1.70
%
Amortizable mortgage advances
   
11,822
 
March 2018 to July 2018
   
3.78
%
 
 
$
91,822
 
 
       

Scheduled repayments of FHLB advances
Scheduled repayments of FHLB advances as of December 31, 2013 were as follows (in thousands):
 
2014
 
$
1,884
 
2015
   
1,938
 
2016
   
21,996
 
2017
   
2,055
 
2018
   
52,118
 
Thereafter
   
10,000
 
 
 
$
89,991