| SHORT-TERM BORROWINGS |
Note 8
SHORT-TERM BORROWINGS
Short-term borrowings included the following:
| (Dollars in Thousands) |
|
Federal
Funds
Purchased
|
|
Securities
Sold Under
Repurchase
Agreements(1)
|
|
Other
Short-Term
Borrowings
|
|
| 2011 |
|
|
|
|
|
|
|
| Balance at December 31 |
|
$ |
- |
|
$ |
43,372 |
|
$ |
- |
|
| Maximum indebtedness at any month end |
|
|
7,575 |
|
|
75,525 |
|
|
11,222 |
|
| Daily average indebtedness outstanding |
|
|
1,213 |
|
|
58,973 |
|
|
7,875 |
|
| Average rate paid for the year |
|
|
0.03 |
% |
|
0.09 |
% |
|
3.17 |
% |
| Average rate paid on period-end borrowings |
|
|
- |
% |
|
0.05 |
% |
|
- |
% |
| |
|
|
|
|
|
|
|
|
|
|
| 2010 |
|
|
|
|
|
|
|
|
|
|
| Balance at December 31 |
|
$ |
10,275 |
|
$ |
71,633 |
|
$ |
11,020 |
(2) |
| Maximum indebtedness at any month end |
|
|
12,550 |
|
|
71,633 |
|
|
11,792 |
|
| Daily average indebtedness outstanding |
|
|
6,269 |
|
|
16,733 |
|
|
4,861 |
|
| Average rate paid for the year |
|
|
0.02 |
% |
|
0.12 |
% |
|
2.84 |
% |
| Average rate paid on period-end borrowings |
|
|
0.01 |
% |
|
0.10 |
% |
|
3.37 |
% |
| |
|
|
|
|
|
|
|
|
|
|
| 2009 |
|
|
|
|
|
|
|
|
|
|
| Balance at December 31 |
|
$ |
8,350 |
|
$ |
25,520 |
|
$ |
1,972 |
(2) |
| Maximum indebtedness at any month end |
|
|
93,400 |
|
|
46,672 |
|
|
21,434 |
|
| Daily average indebtedness outstanding |
|
|
41,702 |
|
|
31,270 |
|
|
6,349 |
|
| Average rate paid for the year |
|
|
0.56 |
% |
|
0.08 |
% |
|
0.44 |
% |
| Average rate paid on period-end borrowings |
|
|
0.01 |
% |
|
0.18 |
% |
|
2.79 |
% |
|
(1) |
Balances are fully collateralized by government treasury or agency securities held in the
Companys investment portfolio. |
(2) Includes
FHLB debt and client tax deposit balances of $10.0 million and $1.0 million, respectively at December 31, 2010, and $0.6 million
and $1.4 million, respectively at December 31, 2009
|