Note 10.  Short-term Borrowings

 

Short-term borrowings consist of advances which mature in less than one year from date of origination.  FHLB advances are collateralized by FHLB deposits, residential and commercial real estate loans and FHLB stock.  The Company had no short-term FHLB advances outstanding at December 31, 2014 and 2013; however, during 2014 the Company tested operational availability to access funds if needed.