Annual report pursuant to Section 13 and 15(d)

OTHER BORROWED FUNDS (Tables)

v3.10.0.1
OTHER BORROWED FUNDS (Tables)
12 Months Ended
Dec. 31, 2018
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, 2018
             
Single maturity fixed rate advances
 
$
40,000
 
February 2019 to July 2024
   
2.27
%
Putable Advances
   
20,000
 
November 2024
   
1.81
%
   
$
60,000
           

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
           
Scheduled Repayments of FHLB Advances
Scheduled repayments of FHLB advances as of December 31, 2018 were as follows (in thousands):

2019
 
$
10,000
 
2020
   
 
2021
   
10,000
 
2022
   
 
2023
   
10,000
 
Thereafter
   
30,000
 
   
$
60,000