Annual report pursuant to Section 13 and 15(d)

OTHER BORROWED FUNDS (Tables)

v3.3.1.900
OTHER BORROWED FUNDS (Tables)
12 Months Ended
Dec. 31, 2015
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, 2015
     
Single maturity fixed rate advances
 
$
90,000
 
August 2016 to March 2020
   
1.69
%
Amortizable mortgage advances
   
6,169
 
March 2018 to July 2018
   
3.78
%
   
$
96,169
           
 
Principal Terms
 
   
Advance
Amount
 
Range of Maturities
 
   
Weighted
Average
Interest Rate
 
December 31, 2014
     
Single maturity fixed rate advances
 
$
80,000
 
August 2016 to February 2019
   
1.69
%
Amortizable mortgage advances
   
8,107
 
March 2018 to July 2018
   
3.78
%
   
$
88,107
           
Scheduled Repayments of FHLB Advances
Scheduled repayments of FHLB advances as of December 31, 2015 were as follows (in thousands):
 
2016
 
$
21,996
 
2017
   
2,055
 
2018
   
52,118
 
2019
   
10,000
 
2020
   
10,000
 
Thereafter
   
---
 
   
$
96,169