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GBTB » Topics » OTHER BORROWINGS

These excerpts taken from the GBTB 10-K filed Mar 5, 2008.
OTHER BORROWINGS

 

Other borrowings consist of the following:

 

 

 

December 31,

 

 

 

2007

 

2006

 

 

 

(Dollars in thousands)

 

FHLB advances, interest payable at fixed rates ranging from 2.735% to 6.2%; advances mature at various maturity dates from January 25, 2008 through September 23, 2013.

 

$

90,648

 

$

65,888

 

FHLB advances, interest payable at variable rates tied to LIBOR and overnight funds market; advances mature at various maturity dates from October 20, 2008 through December 31, 2008.

 

24,500

 

30,610

 

Line of credit with bank with interest due quarterly at prime less 1.25% or 6.00% at December 31, 2007.

 

1,700

 

—

 

Treasury, tax and loan note option account due on demand, bearing interest equal to the 90-day Treasury bill rate.

 

455

 

939

 

 

 

$

117,303

 

$

97,437

 

 

 

74


 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

OTHER BORROWINGS



 



Other
borrowings consist of the following:



 





































































 

 

December 31,

 

 

 

2007

 

2006

 

 

 

(Dollars in thousands)

 

FHLB advances, interest payable at fixed rates ranging from 2.735% to
6.2%; advances mature at various maturity dates from January 25, 2008
through September 23, 2013.

 

$

90,648

 

$

65,888

 

FHLB advances, interest payable at variable rates tied to LIBOR and overnight
funds market; advances mature at various maturity dates from October 20,
2008 through December 31, 2008.

 

24,500

 

30,610

 

Line of credit with bank with interest due quarterly at prime less
1.25% or 6.00% at December 31, 2007.

 

1,700

 

—

 

Treasury, tax and loan note option account due on demand, bearing interest
equal to the 90-day Treasury bill rate.

 

455

 

939

 

 

 

$

117,303

 

$

97,437

 


 



 



74















 



NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



 



EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 5, 2008

RELATED TOPICS for GBTB:

"OTHER BORROWINGS" elsewhere:

Ameris Bancorp (ABCB)
MainSource Financial Group (MSFG)
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