Repurchase agreements generally mature within one year and are secured by U.S. government and U.S agency securities, under the Bancorp’s control. At year end, infor- mation concerning these retail repurchase agreements is summarized below: The Bancorp has a state net operating loss carry forward of approximately $13,000,000, which will begin to expire in 2022 if not used. The Bancorp also has a state tax credit carry forward of approximately $69,000 which will begin to expire in 2017 if not used. A valuation allowance of $387,000 and $376,000 was provided at December 31, 2010 and 2009, respectively, for the state net operating loss and state tax credit, as management does not believe these amounts will be fully utilized before statutory expiration. The Bancorp qualified under provisions of the Internal Revenue Code, to deduct from taxable income a provision for bad debts in excess of the provision for such losses charged to income in the financial statements, if any. Accordingly, retained earnings at December 31, 2010 and 2009 includes, approximately $5,982,000 for which no provision for federal income taxes has been made. If, in  the future, this portion of retained earnings is used for any purpose other than to absorb bad debt losses, federal income taxes would be imposed at the then applicable rates.  The unrecorded deferred income tax liability on the above amounts was approximately $2,034,000 at December 31, 2010 and 2009. The Bancorp and its subsidiaries are subject to US Federal income tax as well as income tax of the states of Indiana and Illinois. The Bancorp is no longer subject to examination by taxing authorities for the years before 2007 for federal and 2006 for state. The aggregate amount of certificates of deposit with  a balance of $100,000 or more was $83,500,000 at December 31, 2010 and $98,700,000 at December 31, 2009. At December 31, 2010, scheduled maturities of  certificates of deposit were as follows: Fixed rate advances are payable at maturity, with a prepayment penalty. Variable rate advances have a maturity of six months and reprice daily. Putable advances are fixed for a period of one to three years and then may adjust  quarterly to the three-month London Interbank Offered Rate until maturity. Once the putable advance interest rate adjusts, the Bancorp has the option to prepay the advance on specified quarterly interest rate reset dates. The advances were collateralized by mortgage loans totaling $148,935,000 and $179,006,000 at December 31, 2010 and 2009,  respectively. In addition to the fixed rate and putable advances, the Bancorp maintains a $10,000,000 line of credit with the Federal Home Loan Bank of Indianapolis. The outstanding balance on the line of credit was $3,200,000 and $8,500,000 at December 31, 2010 and 2009, respectively. Other borrowings at December 31, 2010 and 2009 include Treasury, Tax and Loan and reclassified bank balances. At December 31, 2010, scheduled maturities of borrowed funds were as follows: At year-end, advances from the Federal Home Loan Bank were as follows: At year end, borrowed funds are summarized below: 34 (Dollars in thousands) 2010 2009 ___________ __________ Fixed rate advances from the FHLB ................... $ 24,000 $ 33,000 Putable advances from the FHLB....................... 5,000 5,000 Line of credit from the FHLB ............................ 3,248 8,464 Other ................................................................. 296 665 ___________ __________ Total ................................................................ $ 32,544 $ 47,129 ___________ __________ (Dollars in thousands) 2011 ...................... $ 6,544 2012 ...................... 5,000 2013 ...................... 11,000 2014 ...................... 6,000 2015 ...................... 4,000 ____________ Total ................... $ 32,544 ____________ (Dollars in thousands) 2011 ...................... $ 172,573 2012 ...................... 25,344 2013 ...................... 380 2014 ...................... 149 ____________ Total ................... $ 198,446 ____________ (Dollars in thousands) 2010 2009 __________ __________ Fixed rate advances, maturing March 2011  through August 2015, at rates from 1.84% to 3.59% average rate: 2010 - 2.47%; 2009 - 2.98% ........................... $ 24,000 $ 33,000 Putable advances, maturing February 2013  at a rate of 2.62%, average rate: 2010 - 2.62%; 2009 - 2.62% ........................... 5,000 5,000 (Dollars in thousands) 2010 2009 ___________ __________ Ending balance ..................................................... $ 16,074 $ 15,893 Average balance during the year............................ 19,469 21,333 Maximum month-end balance during the year ..... 22,369 23,451 Securities underlying the agreements at year end: Carrying value .................................................... 24,484 27,394 Fair value............................................................ 24,915 27,829 Average interest rate during the year ..................... 0.92% 1.36% Average interest rate at year end............................ 0.70% 1.34% NOTE 8 - Deposits NOTE 9 - Borrowed Funds