Federal Home Loan Bank Advances and Other Borrowings

FHLB Advances

The Company had $30.0 million and $40.0 million in FHLB advances at December 31, 2018 and 2017, respectively. FHLB advances consisted of fixed interest rates with original maturity terms ranging from two to five years at December 31, 2018.

The following table presents scheduled maturities of FHLB advances as of December 31, 2018:



($ in thousands)	2019		2020		2021		2022		2023		Total
Fixed Rate	$	10,000	$	10,000	$	—	$	10,000	$	—	$	30,000
Variable Rate	—		—		—		—		—		—
Total	$	10,000	$	10,000	$	—	$	10,000	$	—	$	30,000

The following table presents financial data of FHLB advances as of the dates or for the periods indicated:



	As of or For the Year Ended December 31,
($ in thousands)	2018			2017			2016
Weighted-average interest rate at end of year	1.81		%	1.71		%	—		%
Average interest rate during the year	1.75		%	1.71		%	0.42		%
Average balance	$	34,904		$	20,384		$	1,194
Maximum amount outstanding at any month-end	$	40,000		$	40,000		$	—
Balance at end of year	$	30,000		$	40,000		$	—

Advances paid early are subject to a prepayment penalty. At December 31, 2018 and 2017, loans pledged to secure from FHLB advances were $523.4 million and $711.8 million, respectively. The Company’s investment in capital stock of the FHLB of San Francisco totaled $7.3 million and $6.4 million, respectively, at December 31, 2018 and 2017. The Company had additional borrowing capacity of $386.0 million and $311.0 million, respectively, from the FHLB as of December 31, 2018 and 2017.

Other Borrowing Arrangements

At December 31, 2018, the Company had $45.2 million of unused borrowing capacity from the Federal Reserve Discount Window, to which the Company pledged loans with a carrying value of $50.8 million with no outstanding borrowings. In addition, the Company may borrow up to approximately $60.0 million overnight federal funds lines on an unsecured basis with correspondent banks at December 31, 2018.