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Borrowings and Line of Credit (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Federal Home Loan Bank, Advances

​

​	​	​	​	​	​	​
​	​	2020		​	2019
Long-term advance dated September 10, 2019, requiring monthly interest payments, fixed at 0.93%, with a put option exercisable on September 10, 2020 and then quarterly thereafter, principal due in September 2029.1		$	25,000	​	$	25,000
​	​	​	​	​	​	​
Long-term advance dated February 28, 2020, requiring monthly interest payments, fixed at 0.46%, with a put option exercisable on February 26, 2021 and then quarterly thereafter, principal due in February 2030.1		​	50,000	​	​	—
Total		$	75,000	​	$	25,000

​

¹On agreements with put options, the FHLB has the right, at its discretion, to terminate the entire advance prior to the stated maturity date.  The termination option may only be exercised on the expiration date of the predetermined lockout period and on a quarterly basis thereafter.

Schedule of Maturities of Advances and Other Borrowings

​

​	​	​	​
2021		$	45
2022	​		47
2023	​		50
2024	​		52
2025	​		54
Thereafter	​		75,148
Total	​	$	75,396

Federal Reserve Bank

Schedule of funding capacity and loans secured for borrowings

At December 31, 2020 and 2019, the funding capacity and loans secured for borrowings was as follows (in thousands):

​	​	​	​	​	​	​
​	​	2020		​	2019
Maximum funding capacity		$	149,219	​	$	6,994
Borrowings		​	—	​	​	—
Additional funding capacity	​	$	149,219	​	$	6,994
Loans secured for borrowings		$	258,774	​	$	9,562

Federal Home Loan Bank Advances

Schedule of funding capacity and loans secured for borrowings

At December 31, 2020 and 2019, the borrowing capacity and loans secured for advances was as follows (in thousands):

​	​	​	​	​	​	​
​	​	2020		​	2019
Maximum borrowing capacity		$	194,445	​	$	156,059
FHLB advances		​	(75,000)	​	​	(25,000)
Secured lines of credit	​	​	(83,982)	​	​	(83,982)
Additional borrowing capacity	​	$	35,463	​	$	47,077
Loans secured for advances		$	281,670	​	$	554,371

X

- Definition

Tabular disclosure of advances by federal home loan bank by branch.

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