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LONG-TERM DEBT | 12 Months Ended
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Dec. 31, 2019
Debt Disclosure [Abstract] |
LONG-TERM DEBT | LONG-TERM DEBT The following table presents components of the Company’s long-term debt at December 31, 2019, and 2018.
| Amount |  |  |  | Weighted Average rate |  |
| 2019 |  | 2018 |  | 2019 |  | 2018
FHLB fixed rate advances maturing: |  |  |  |  |  |  |
2020 | $ | 40,350 |  |  | $ | 40,350 |  |  | 1.76 | % |  | 1.76 | %
2022 | 20,000 |  |  | — |  |  | 3.06 | % |  | — | %
| 60,350 |  |  | 40,350 |  |  | 2.19 | % |  | 1.76 | %
FHLB amortizing advance requiring monthly principal and interest payments, maturing: |  |  |  |  |  |  |
2025 | 2,717 |  |  | 3,100 |  |  | 4.74 | % |  | 4.74 | %
Total FHLB Advances | $ | 63,067 |  |  | $ | 43,450 |  |  | 2.30 | % |  | 1.92 | %
Except for amortizing advances, interest only is paid on a quarterly basis. The following table summarizes the future annual principal payments required on these borrowings at December 31, 2019.
2020 | $ | 40,751 |
2021 | 421 |
2022 | 20,441 |
2023 | 462 |
2024 | 484 |
Thereafter | 508 |
| $ | 63,067 |
The Bank is a member of the FHLB of Pittsburgh and has access to 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 $836.7 million at December 31, 2019. The Bank had additional availability of $540.7 million at the FHLB on December 31, 2019 based on its qualifying collateral, net of short-term borrowings and long-term debt detailed above, deposit letters of credit totaling $85.0 million and non-deposit letters of credit totaling $1.4 million at December 31, 2019. The Bank has available unsecured lines of credit, with interest based on the daily Federal Funds rate, with two correspondent banks totaling $30.0 million, at December 31, 2019. The Company also has a $5.0 million unsecured line of credit, with a bank, at the prime rate of interest, at December 31, 2019. There were no borrowings under these lines of credit at December 31, 2019 and 2018.

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- 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
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