Annual report pursuant to Section 13 and 15(d)

OTHER BORROWED FUNDS (Tables)

v3.8.0.1
OTHER BORROWED FUNDS (Tables)
12 Months Ended
Dec. 31, 2017
OTHER BORROWED FUNDS [Abstract]  
Advances from Federal Home Loan Bank
At year-end, advances from the Federal Home Loan Bank were as follows (dollars in thousands):
 
Principal Terms
 
Advance
Amount
 
 
Range of Maturities
 
Weighted
Average
Interest Rate
 
December 31, 2017
             
Single maturity fixed rate advances
 
$
70,000
 
February 2018 to April 2021
   
1.59
%
Amortizable mortgage advances
   
2,118
 
March 2018 to July 2018
   
3.78
%
Putable Advances
   
20,000
 
November 2024
   
1.81
%
   
$
92,118
           
 
 
Principal Terms
 
Advance
Amount
 
 
Range of Maturities
 
Weighted
Average
Interest Rate
 
December 31, 2016
             
Single maturity fixed rate advances
 
$
80,000
 
February 2018 to April 2021
   
1.60
%
Amortizable mortgage advances
   
4,173
 
March 2018 to July 2018
   
3.78
%
   
$
84,173
           
Scheduled Repayments of FHLB Advances
Scheduled repayments of FHLB advances as of December 31, 2017 were as follows (in thousands):
 
2018
 
$
52,118
 
2019
   
10,000
 
2020
   
---
 
2021
   
10,000
 
2022
   
---
 
Thereafter
   
20,000
 
   
$
92,118