XML 36 R21.htm IDEA: XBRL DOCUMENT
v3.19.1

LONG-TERM DEBT | 12 Months Ended
--- | ---
Dec. 31, 2018
Debt Disclosure [Abstract] |
LONG-TERM DEBT | LONG-TERM DEBT The following table presents components of the Company’s long-term debt at December 31.
| Amount |  |  |  | Weighted Average rate |  |
(Dollars in thousands) | 2018 |  | 2017 |  | 2018 |  | 2017
FHLB fixed rate advances maturing: |  |  |  |  |  |  |
2019 | $ | 40,000 |  | $ | 40,000 |  | 1.86 | % |  | 1.86 | %
2020 | 40,350 |  | 40,350 |  | 1.76 | % |  | 1.76 | %
| 80,350 |  | 80,350 |  | 1.81 | % |  | 1.81 | %
FHLB amortizing advance requiring monthly principal and interest payments, maturing: |  |  |  |  |  |  |
2025 | 3,100 |  | 3,465 |  | 4.74 | % |  |  | 4.74 | %
Total FHLB Advances | $ | 83,450 |  | $ | 83,815 |  | 1.92 | % |  | 1.93 | %
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, 2018:
Years Ending December 31, |
(Dollars in thousands) |
2019 | $ | 40,382
2020 | 40,751
2021 | 421
2022 | 441
2023 | 462
Thereafter | 993
| $ | 83,450
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 $554,306,000 at December 31, 2018. The Bank had additional availability of $330,306,000 at the FHLB on December 31, 2018 based on its qualifying collateral, net of short-term borrowings and long-term debt detailed above, deposit letters of credit totaling $84,000,000 and non-deposit letters of credit totaling $1,550,000 at December 31, 2018. 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, 2018. The Company also has a $5,000,000 unsecured line of credit, with a bank, at the prime rate of interest, at December 31, 2018. There were no borrowings under these lines of credit at December 31, 2018 and 2017.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_LongTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration