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Borrowings and Borrowings Availability (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of debt

The following tables present information regarding the Company’s outstanding borrowings at December 31, 2016 and 2015:

 

Description - 2016  Due date  Call Feature  2016
Amount		   Interest Rate
              
FHLB Term Note  1/27/17  None  $20,000,000   0.61% fixed
FHLB Term Note  1/30/17  None   80,000,000   0.63% fixed
FHLB Term Note  4/18/17  None   50,000,000   0.70% fixed
FHLB Term Note  12/26/17  None   20,000,000   1.19% fixed
FHLB Term Note  12/29/17  None   35,000,000   0.80% fixed
FHLB Term Note  12/24/18  None   20,000,000   1.57% fixed
Trust Preferred Securities  1/23/34  Quarterly by Company
beginning 1/23/09		   20,620,000   3.59% at 12/31/16
adjustable rate
3 month LIBOR + 2.70%
               
Trust Preferred Securities  6/15/36  Quarterly by Company
beginning 6/15/11		   25,774,000   2.35% at 12/31/16
adjustable rate
3 month LIBOR + 1.39%
Total borrowings / weighted average rate as of December 31, 2016        $271,394,000   1.16%

 

Description - 2015  Due date  Call Feature  2015
Amount		   Interest Rate
              
FHLB Term Note  1/19/16  None  $30,000,000   0.41% fixed
FHLB Term Note  1/29/16  None   50,000,000   0.38% fixed
FHLB Term Note  12/27/16  None   20,000,000   0.76% fixed
FHLB Term Note  12/26/17  None   20,000,000   1.19% fixed
FHLB Term Note  12/24/18  None   20,000,000   1.57% fixed
Trust Preferred Securities  1/23/34  Quarterly by Company
beginning 1/23/09		   20,620,000   3.02% at 12/31/15
adjustable rate
3 month LIBOR + 2.70%
               
Trust Preferred Securities  6/15/36  Quarterly by Company
beginning 6/15/11		   25,774,000   1.90% at 12/31/15
adjustable rate
3 month LIBOR + 1.39%
Total borrowings / weighted average rate as of December 31, 2015        $186,394,000   1.14%