Comparison of existing interest rate terms to approved terms
2003 note 2006 revenue note 2006A note 2006B note
tax-exempt taxable taxable tax-exempt
FNB Bank Susquehanna Susquehanna Susquehanna
Current principal $328,141 $285,264.21 $1,107,577.79 $526,599.23
Existing fixed rate 3.98% 6.95% 7.11% 4.95%
Existing fixed rate expires 6/15/2013 12/1/2011 12/1/2011 12/1/2011
Existing cap rate 17% 10.95% 11.11% 7.25%
New 10-year fixed rate 3.75% 5.70% 5.70% 3.75%
Principal after 10 years $152,000 $0 $785,000 340,000
Source: Concord Public Finance