v2.4.0.6
SHORT-TERM BORROWINGS
12 Months Ended
Dec. 31, 2011
SHORT-TERM BORROWINGS

NOTE 8 - SHORT-TERM BORROWINGS

 

Short-term borrowings consisted of the following:

 

    2011     2010  
             
Retail repurchase agreements     29,300       23,419  
                 
    $ 29,300     $ 23,419  

 

Information regarding repurchase agreements for the years ended December 31, 2011 and 2010 is presented below:

 

    2011     2010  
             
Average balance during the year   $ 25,302     $ 22,497  
                 
Maximum month end balance during the year     29,300       25,472  
                 
Average rate paid during the year     .41 %     .60 %
                 
Year-end weighted average rate     .31 %     .53  %