Annual report pursuant to Section 13 and 15(d)

SHORT-TERM BORROWINGS (Tables)

v2.4.0.6
SHORT-TERM BORROWINGS (Tables)
 12 Months Ended
Dec. 31, 2012
Short-Term Borrowings Tables  
Schedule of Short-term borrowings

 

(Dollars in Thousands)   Federal
Funds
Purchased		  

Securities

Sold Under

Repurchase

Agreements(1)

   Other
Short-Term
Borrowings
2012                        
Balance at December 31   $ —       $ 40,639     $ 6,796 (2)
Maximum indebtedness at any month end     —         62,458       6,991  
Daily average indebtedness outstanding     —         47,485       4,679  
Average rate paid for the year     —   %     0.05 %     3.68 %
Average rate paid on period-end borrowings     —   %     0.05 %     3.69 %
                         
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 %

 

  (1) Balances are fully collateralized by government treasury or agency securities held in the Company’s investment portfolio.

 

  (2) Includes FHLB debt of $6.8 million at December 31, 2012 and FHLB debt and client tax deposit balances of $10.0 million and $1.0 million, respectively at December 31, 2010.