Annual report pursuant to Section 13 and 15(d)

OTHER BORROWED FUNDS (Tables)

v2.4.1.9
OTHER BORROWED FUNDS (Tables)
12 Months Ended
Dec. 31, 2014
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, 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
           
 
Principal Terms
Advance Amount
Range of Maturities
Weighted Average Interest Rate
December 31, 2013
         
Single maturity fixed rate advances
 
$
80,000
 
August 2016 to February 2019
   
1.69
%
Amortizable mortgage advances
   
9,991
 
March 2018 to July 2018
   
3.78
%
   
$
89,991
           

Scheduled Repayments of FHLB Advances
Scheduled repayments of FHLB advances as of December 31, 2014 were as follows (in thousands):
 
2015
 
$
1,938
 
2016
   
21,996
 
2017
   
2,055
 
2018
   
52,118
 
2019
   
10,000
 
Thereafter
   
---
 
   
$
88,107