content_image/46830.jpg content_image/46831.jpg content_image/46832.jpg content_image/46833.jpg
A schedule of maturities of certificates of deposit is as follows: 

<img src='content_image/46830.jpg'>

## NOTE 8 – SHORT-TERM BORROWINGS: 

Short-term borrowings at December 31, 2002 and 2001 are summarized as follows: 

<img src='content_image/46831.jpg'>

Securities sold under agreements to repurchase, which are classified as secured borrowings, generally mature daily. Securities sold under agreements to repurchase are reflected at the amount of cash received in connection with the transaction. The Company may be required to provide additional collateral based on the fair value of the underlying securities. 

The short-term borrowings at December 31, 2002 consist of FHLB advances with maturity terms of 2 days, at fixed interest rates ranging from 1.30% to 1.35%. The short-term borrowings at December 31, 2001 consist of a bank line of credit secured by stock of the Bank, with 90-day maturity terms, at fixed interest rates ranging from 2.90% to 3.38%. 

<img src='content_image/46832.jpg'>

## NOTE 9 – LONG-TERM DEBT: 

Long-term debt at December 31, 2002 and 2001 is summarized as follows: 

<img src='content_image/46833.jpg'>

