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Long-term Debt
12 Months Ended
Dec. 31, 2017
Maturities Of Long Term Debt [Abstract]  
Long-term Debt

 


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Long-term Debt

The Bank is a member of the FHLB and through its membership, the Bank can access a number of credit products, which are utilized to provide liquidity.  As of December 31, 2017 and 2016, the Bank had long-term debt outstanding in the amount of $12,352,000 and $13,581,000, respectively, consisting of:

 

(Dollars in thousands)

 

At December 31,

 

 

 

2017

 

 

2016

 

Loans maturing in 2017 at a rate of 3.03%

 

$

 

 

$

1,016

 

Loan maturing in 2019 at a rate of 1.87%

 

 

10,000

 

 

 

10,000

 

Loan maturing in 2026 at a rate of 4.80%

 

 

2,295

 

 

 

2,504

 

Loan maturing in 2027 at a rate of 6.71%

 

 

57

 

 

 

61

 

 

 

$

12,352

 

 

$

13,581

 

 

The aggregate principal amounts due on long-term debt subsequent to December 31, 2017 are $223,000 (2018), $10,235,000 (2019), $246,000 (2020), $258,000 (2021), $271,000 (2022)and $1,119,000 thereafter.