We study a family of finite-dimensional representations of the hyperspecial parabolic subalgebra of the twisted affine Lie algebra of type A (2) 2 . We prove that these modules admit a decreasing filtration whose sections are isomorphic to stable Demazure modules in an integrable highest weight module of sufficiently large level. In particular, we show that any stable level m Demazure module admits a filtration by level m Demazure modules for all m ≥ m . We define the graded and weighted generating functions which encode the multiplicity of a given Demazure module and establish a recursive formulae. In the case when m = 1, 2 and m = 2, 3, we determine these generating functions completely and show that they define hypergeometric series and that they are related to the q-Fibonacci polynomials defined by Carlitz.