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ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) (Tables)
12 Months Ended
Dec. 31, 2017
Summary of Advances from FHLB [Table Text Block]
The following is a summary of the advances from the FHLB:
December 31, December 31,
20172016
(In thousands)
Short-term fixed-rate advances from FHLB, with a weighted-average
interest rate of 0.78% as of December 31, 2016$-$170,000
Long-term fixed-rate advances from FHLB, with a weighted-average
interest rate of 1.91% (December 31, 2016 - 1.49%)715,000500,000
$715,000$670,000
Advances from FHLB Mature [Table Text Block]
Advances from FHLB mature as follows:
December 31,
2017
(In thousands)
Over six months to one year$95,000
Over one to three years300,000
Over three to five years320,000
Total$715,000