Note 12: Long-term Debt

A summary of long-term debt by contractual maturity is as follows:


	December 31, 2016
		Total			Range of
Maturity		Principal	Rate		Interest Rates
2017	$	--	--	%	0.00	%	to	0.00	%
2018		30,750	1.28		1.04		to	2.25
2019		85,000	1.64		1.07		to	2.15
2020		20,000	1.83		1.60		to	2.45
2021		1,000	2.43		2.43		to	2.43
2022 and thereafter		366	1.85		1.85		to	1.85
Total long-term debt	$	137,116	1.59	%

All of the long-term debt represents advances from the FHLB. Pursuant to an agreement with the FHLB, advances are collateralized by stock in the FHLB, investment securities and liens on qualified collateral, consisting primarily of loans with first mortgages secured by one to four family properties, and other qualifying assets such as qualifying commercial real estate loans. Advances are payable at their call dates or final maturity.

The maturity distribution of the long-term debt with callable features was as follows:


	December 31, 2016
		Total			Range of
Maturity		Principal	Rate		Interest Rates
2017	$	--	0.00	%	0.00	%	to	0.00	%
2018	$	2,000	2.25		2.25		to	2.25
2019		--	--		--		to	--
2020		--	--		--		to	--
2021		--	--		--		to	--
2022 and thereafter		--	--		--		to	--
Total long-term debt	$	2,000	2.25	%

Junior Subordinated Debentures: In April 2008, the Companys wholly-owned subsidiary, Bar Harbor Bank & Trust (the Bank), issued $5,000 aggregate principal amount of subordinated debentures. These debt securities qualify as Tier 2 capital for the Company and the Bank. The subordinated debt securities are due in 2023, but are callable by the Bank after five years without penalty. The rate of interest on these debt securities is three month LIBOR plus 345 basis points. At December 31, 2016 the interest rate was 4.41%. The subordinated debt securities are classified as borrowings on the Companys consolidated balance sheet. The Company incurred $197 in costs to issue the securities and these costs are being amortized over 15 years using the interest method.