Annual report pursuant to Section 13 and 15(d)

OTHER BORROWED FUNDS (Tables)

v3.19.3.a.u2
OTHER BORROWED FUNDS (Tables)
12 Months Ended
Dec. 31, 2019
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, 2019
             
Single maturity fixed rate advances
 
$
40,000
 
April 2021 to July 2024
   
2.50
%
Putable Advances
   
20,000
 
November 2024
   
1.81
%
   
$
60,000
           

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
           
Scheduled Repayments of FHLB Advances
Scheduled repayments of FHLB advances as of December 31, 2019 were as follows (in thousands):

2020
 
$
 
2021
   
10,000
 
2022
   
 
2023
   
10,000
 
2024
   
40,000
 
Thereafter
   
 
   
$
60,000