v3.19.1
Borrowed Funds (Tables)
 12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Debt
As of December 31, 2018 and 2017, the Company was indebted as follows.
Borrowed Funds
 
 
 
 
 
 
 
 

 
2018
 
2017
(dollars in thousands)
 
Balance
 
Interest
 
Balance
 
Interest
Pacific Coast Bankers Bank
 
2,000

 
3.28
%
 
—

 
—
%
Total - Federal funds purchased
 
$
2,000

 
 
 
—

 
 
 
 
 
 
 
 
 
 
 
FHLB advance due March 25, 2019
 
$
2,000

 
4.26
%
 
$
2,000

 
4.26
%
Total - FHLB advances
 
$
2,000

 
 
 
$
2,000

 


 
 
 
 
 
 
 
 
 
Senior promissory note due July 31, 2019
 
—

 
—
%
 
2,000

 
5.50
%
Junior subordinated debentures due June 15, 2036
 
2,062

 
4.68
%
 
2,062

 
3.56
%
Other subordinated notes due December 1, 2025
 
13,500

 
6.95
%
 
13,500

 
6.95
%
Less: Unamortized debt issuance costs
 
(169
)
 
 
 
(201
)
 
 
Total - Other borrowed funds
 
$
15,393

 
 
 
$
17,361