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LONG-TERM DEBT | 12 Months Ended
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Dec. 31, 2017
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) | 2017 |  | 2016 |  | 2017 |  | 2016
FHLB fixed rate advances maturing: |  |  |  |  |  |  |
2017 | $ | 0 |  |  | $ | 20,000 |  |  | 0.00 | % |  | 1.00 | %
2019 | 40,000 |  |  | 0 |  |  | 1.86 | % |  | 0.00 | %
2020 | 40,350 |  |  | 350 |  |  | 1.76 | % |  | 7.40 | %
| 80,350 |  |  | 20,350 |  |  | 1.81 | % |  | 1.11 | %
FHLB amortizing advance requiring monthly principal and interest payments, maturing: |  |  |  |  |  |  |
2025 | 3,465 |  |  | 3,813 |  |  | 4.74 | % |  | 4.74 | %
Total FHLB Advances | $ | 83,815 |  |  | $ | 24,163 |  |  | 1.93 | % |  | 1.68 | %
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, 2017:
Years Ending December 31,
(Dollars in thousands) |
2018 | $ | 365 |
2019 | 40,382 |
2020 | 40,751 |
2021 | 421 |
2022 | 441 |
Thereafter | 1,455 |
| $ | 83,815 |
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 for advances, lines and letters of credit from the FHLB, collateral for all outstanding advances, lines and letters of credit consisted of 1-4 family mortgage loans and other real estate secured loans totaling $517,257,000 at December 31, 2017. The Bank had additional availability of $381,892,000 at the FHLB on December 31, 2017 based on its qualifying collateral, net of short-term borrowings and long-term debt detailed above, and non-deposit letters of credit totaling $1,550,000 at December 31, 2017. 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, 2017. The Company also has a $5,000,000 unsecured line of credit, with a bank, at the prime rate of interest, at December 31, 2017. There were no borrowings under these lines of credit at December 31, 2017 and 2016.

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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 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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