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Other Borrowings | 3 Months Ended
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Mar. 31, 2019
Debt Disclosure [Abstract] |
Other Borrowings | Other Borrowings The Company had an unsecured line of credit totaling $5.0 million with a non-affiliated bank at March 31, 2019. Borrowings on the line of credit totaled $5.0 million at March 31, 2019. The interest rate on the line of credit floats at Wall Street Journal Prime Rate plus 0.25% and matures on March 28, 2025. The Bank had unused lines of credit totaling $142.7 million and $128.5 million available with non-affiliated banks at March 31, 2019 and December 31, 2018, respectively. These amounts primarily consist of a blanket floating lien agreement with the Federal Home Loan Bank of Atlanta (FHLB) in which the Bank can borrow up to 19% of its total assets. The unused line of credit with FHLB totaled $85.9 million at March 31, 2019. The Bank had collateral pledged on the borrowing line at March 31, 2019 and December 31, 2018 including real estate loans totaling $122.8 million and $110.8 million, respectively, and Federal Home Loan Bank stock with a book value of $776 thousand and $763 thousand, respectively. The Bank did not have borrowings from the FHLB at March 31, 2019 and December 31, 2018.

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