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Long-term debt
12 Months Ended
Dec. 31, 2019
Long-term debt.  
Long-term debt

12. Long-term debt:

Long-term debt consisting of advances from the FHLB at December 31, 2019 and 2018 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Rate 

 

 

 

 

 

 

 

Due

 

Fixed 

 

Adjustable

 

 

December 31, 2019

 

 

December 31, 2018

 

December 2019

 

 

 

3.48

%  

$

 

 

 

3,000

 

December 2019

 

 

 

3.37

 

 

 

 

 

6,300

 

December 2019

 

1.62

%  

 

 

 

 

 

 

10,000

 

June 2020

 

1.74

 

 

 

 

5,000

 

 

5,000

 

June 2020

 

2.22

 

 

 

 

6,000

 

 

 

 

December 2020

 

1.84

 

 

 

 

5,000

 

 

5,000

 

June 2021

 

1.99

 

 

 

 

10,000

 

 

 

 

March 2023

 

4.69

 

 

 

 

6,733

 

 

8,606

 

 

 

 

 

 

 

$

32,733

 

$

37,906

 

Maturities of long-term debt, by contractual maturity, in years subsequent to December 31, 2019 are as follows:

 

 

 

 

 

 

2020

    

$

17,963

 

2021

 

 

12,058

 

2022

 

 

2,157

 

2023

 

 

555

 

 

 

$

32,733

 

None of the advances from the FHLB are convertible. At December 31, 2019, long-term debt are all at fixed rates.  There were two new long-term advances entered into with the FHLB during 2019 totaling $16,000 with terms of one year and two years.  There were no new advances entered into during 2018.