FEDERAL HOME LOAN BANK ADVANCES

3 Months Ended

Mar. 31, 2012

NOTE 5.

FEDERAL HOME LOAN BANK ADVANCES

The Bank owns stock of the Federal Home Loan Bank of Pittsburgh (FHLB), which allows the Bank to borrow funds from the FHLB. The Bank’s maximum borrowing capacity from the FHLB was $135,741 at March 31, 2012 (unaudited) and $135,742 at December 31, 2011.

The Bank has advances from the FHLB totaling $21,221 at March 31, 2012 (unaudited) and $31,221 at December 31, 2011. The advances are secured by commercial, commercial real estate and residential real estate loans and pledged securities. They have various scheduled maturity dates beginning with June 18, 2012 through May 19, 2022. The interest rate is determined at the time the advances are made and currently range from 0.24% to 4.57%. The FHLB advances are scheduled for repayment as follows:

Year	Amount

2012	$	10,000
2013		-
2014		-
2015		-
2016		-
Thereafter		11,221
	$	21,221

- Definition

The entire disclosure for borrowing from the Federal Home Loan Bank, including: (i) general description; (ii) title and nature of obligation; (iii) interest rate; (iv) payment terms; (v) maturity dates by year; (vi) collateral requirements; (vii) restrictive covenants; (viii) priority; (ix) conversion or redemption features; (x) carrying value of assets pledged as collateral; (xi) combined aggregate maturities for next five years; (xii) unused or available balances.

+ References

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Reference 6: http://www.xbrl.org/2003/role/presentationRef

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+ Details

First Sentry Bancshares, Inc. 10-Q