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LONG-TERM DEBT | 12 Months Ended
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Dec. 31, 2016
Debt Disclosure [Abstract] |
LONG-TERM DEBT | LONG-TERM DEBT At December 31, the Company’s long-term debt consisted of the following:
| Amount |  | Weighted Average rate
(Dollars in thousands) | 2016 |  | 2015 |  | 2016 |  | 2015
FHLB fixed rate advances maturing: |  |  |  |  |  |  |
2017 | 20,000 |  |  | 20,000 |  |  | 1.00 | % |  | 1.00 | %
2020 | 350 |  |  | 350 |  |  | 7.40 | % |  | 7.40 | %
| 20,350 |  |  | 20,350 |  |  | 1.11 | % |  | 1.11 | %
FHLB amortizing advance requiring monthly principal and interest payments, maturing: |  |  |  |  |  |  |
2025 | 3,813 |  |  | 4,145 |  |  | 4.74 | % |  | 4.74 | %
Total FHLB Advances | $ | 24,163 |  |  | $ | 24,495 |  |  | 1.68 | % |  | 1.73 | %
Except for amortizing advances, interest only is paid on a quarterly basis. The following table summarizes the aggregate amount of future principal payments required on these borrowings at December 31, 2016:
Years Ending December 31,
(Dollars in thousands) |
2017 | $ | 20,348 |
2018 | 365 |
2019 | 382 |
2020 | 751 |
2021 | 421 |
Thereafter | 1,896 |
| $ | 24,163 |
The Bank is a member of the FHLB of Pittsburgh and has available the FHLB program of overnight and term advances. Under terms of a blanket collateral agreement, advances, lines and letters of credit from the FHLB are collateralized by first mortgage loans and securities. Collateral for all outstanding advances, lines and letters of credit consisted of certain securities, 1-4 family mortgage loans and other real estate secured loans totaling $428,899,000 at December 31, 2016. The Bank had additional availability of $352,736,000 at the FHLB on December 31, 2016 based on qualifying collateral. The Bank has available unsecured lines of credit, with interest based on the daily Federal Funds rate, with two correspondent banks totaling $30,000,000, at December 31, 2016. The Company also has a $5,000,000 unsecured line of credit, with a bank, at the prime rate of interest, at December 31, 2016. There were no borrowings under these lines of credit at December 31, 2016 and 2015.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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