Note 4 – Cash and Cash Equivalents

               

                Cash and due from banks, which represents vault cash in the retail offices and invested cash balances at the Federal Reserve, is carried at fair value.

	June 30, 2012	December 31, 2011
Cash and due from banks, weighted average interest rate of 0.18%   (at June 30, 2012)	$  53,305	$  52,049

                                                                                                                                                                                                                                                                                                                                               

                Interest bearing deposits in banks, which represent funds invested at a correspondent bank, are carried at fair value and, as of June 30, 2012 and December 31, 2011, consisted of daily funds invested at the Federal Home Loan Bank ("FHLB") of Atlanta, First Tennessee Bank ("FTN"), Merchants and Traders ("M&T") and Community Bankers Bank ("CBB").

 

	June 30, 2012	December 31, 2011
FHLB daily investments, interest rate of 0.05% (at June 30, 2012)	$  5,169	$  4,244
FTN daily investments, interest rate of 0.09% (at June 30, 2012)	1,350	1,350
M&T daily investments, interest rate of 0.25% (at June 30, 2012)	6,030	6,379
CBB Fed Funds sold, interest rate of 0.21% (at June 30, 2012)	1,085	1,085
	$  13,634	$  13,058