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Borrowed Funds (Tables)
12 Months Ended
Dec. 31, 2018
Borrowed Funds [Abstract]  
Summary of Short Term Borrowings



 

 

 

 



 

 

 

 

(Dollars in thousands)

2018

2017

Overnight borrowings, weighted average interest rate of 2.70% at December 31, 2018

$

40,000 

$

Securities sold under agreements to repurchase:

 

 

 

 

Outstanding at end of year

$

37,707 

$

48,845 

Weighted average interest rate at year end

 

0.24% 

 

0.15% 

Maximum amount outstanding as of any month end

$

55,648 

$

58,438 

Average amount outstanding

$

44,045 

$

37,326 

Approximate weighted average rate during the year

 

0.20% 

 

0.19% 



Summary of Long Term Borrowings



 

 

 

 



 

 

 

 

(In thousands)

2018

2017

FHLB advances, bearing fixed interest rates ranging from 1.54% to 3.02% at         December 31, 2018

$

70,000 

$

90,000 

Junior subordinated debt, bearing variable interest rate of 5.54% at              December 31, 2018

 

30,929 

 

30,929 

Total long-term debt

$

100,929 

$

120,929 



Contractual Maturities of All Long Term Borrowings



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



2018

 

 

 



Fixed

Floating

 

 

 

2017

(in thousands)

Rate

Rate

Total

 

Total

Due in 2018

$

$

$

 

$

20,000 

Due in 2019

 

20,000 

 

 

20,000 

 

 

20,000 

Due in 2020

 

30,000 

 

 

30,000 

 

 

30,000 

Due in 2021

 

20,000 

 

 

20,000 

 

 

20,000 

Thereafter

 

 

30,929 

 

30,929 

 

 

30,929 

Total long-term debt

$

70,000 

$

30,929 

$

100,929 

 

$

120,929 



Schedule of Pledged Collateral on Line of Credit

The line is secured by certain qualified mortgage, commercial and home equity loans and investment securities as follows (in thousands):







 

 



 

 

1-4 family mortgage loans

$

132,542 

Commercial loans

 

41,208 

Multi-family loans

 

2,632 

Home equity loans

 

23,748 



$

200,130