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Short-term FHLB Advances | 12 Months Ended
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Dec. 31, 2019
Banking and Thrift [Abstract] |
Short-term FHLB Advances | Short-term FHLB Advances As of December 31, 2019 and 2018, the Company had no short-term FHLB advances. For the years ended December 31, 2019 and 2018, the average volume of short-term FHLB advances carried by the Company was $17,000 and $2,157,000, respectively. Collateral for short and long-term FHLB advances is secured through a blanket lien evidenced by the Company’s pledge of first mortgage collateral, demand deposit accounts, capital stock and certain other assets pursuant to the “Advances, Collateral Pledge and Security Agreement.” Under this collateral pledge agreement, the Bank must meet all statutory and regulatory capital standards and must meet all FHLB credit underwriting standards. Management believes that the Bank was in compliance with all such requirements as of December 31, 2019 and 2018. As of December 31, 2019 and 2018, the Company had $738,955,000 and $725,988,000, respectively, of additional FHLB advances available. As of December 31, 2019 and 2018, the Company had $768,549,000 and $752,558,000, respectively, of loans pledged through the Company’s blanket lien.

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- Definition Federal home loan bank advances, disclosure, short term. + References No definition available. + Details
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- References No definition available. + Details
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