NOTE 11 - LONG-TERM BORROWINGS

At year end, long-term advances from the FHLB were as follows:

	2017					2016
			Weighted					Weighted
			Average					Average
	Amount		Rate			Amount		Rate
Fixed-rate constant payment advance, at rates from 1.20% to 1.70% at December 31, 2017 and 2016	$	4,785		1.70	%	$	7,876		1.57	%
Convertible and putable fixed-rate advance with a rate of 4.45% at December 31, 2016		0		0.00	%		5,000		4.45	%
Total advances	$	4,785		1.70	%	$	12,876		2.69	%

Long-term and short-term FHLB advances are secured by a blanket pledge of residential mortgage loans totaling $280.2 million and $276.9 million at year end 2017 and 2016. Based on this collateral, the Bank is eligible to borrow an additional $60.4 million at year end 2017. Each advance is subject to a prepayment penalty if paid prior to its maturity date.

Scheduled payments of long-term FHLB advances are as follows:

Maturing in:
2018	$	1,075
2019		931
2020		860
2021		792
2022		729
Thereafter		398
TOTAL	$	4,785

The Company added a special purpose entity to hold $2.1 million in Trust Preferred Debenture as part of the Tri-State acquisition in 2015. The debt has a floating rate that is determined quarterly based on the three-month LIBOR. At December 31, 2017, the interest rate was 3.02%. These securities can be redeemed at any quarter-end. Final maturity of the Trust Preferred Debenture is December 15, 2036. The balance of the outstanding Trust Preferred Debenture was $2.2 million at year end 2017 and 2016.