Quarterly report pursuant to Section 13 or 15(d)

OTHER BORROWED FUNDS (Tables)

v3.19.1
OTHER BORROWED FUNDS (Tables)
3 Months Ended
Mar. 31, 2019
OTHER BORROWED FUNDS [Abstract]  
Advances from Federal Home Loan Bank
At period-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
 
March 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
           
Repayments of FHLB Advances
Scheduled repayments of FHLB advances as of March 31, 2019 were as follows (in thousands):

2019
 
$
 
2020
   
 
2021
   
10,000
 
2022
   
 
2023
   
10,000
 
Thereafter
   
40,000
 
   
$
60,000