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LONG-TERM DEBT
12 Months Ended
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.