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Federal Home Loan Bank Advances

12 Months Ended

Dec. 31, 2020

Federal Home Loan Bank Advances [Abstract]

Federal Home Loan Bank Advances

Note 13: Federal Home Loan Bank Advances

The FHLB advances were secured by $147.1 million in mortgage loans at December 31, 2020. Advances, at interest rates from 2.77 to 2.93 percent, are subject to restrictions or penalties in the event of prepayment. Aggregate annual maturities of FHLB advances at December 31, 2020, were:

($ in thousands)		Debt
2021		$	2,500
2022			3,000
2023			2,500
Total		$	8,000

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- Definition

The entire disclosure for borrowing from the Federal Home Loan Bank, including: (i) general description; (ii) title and nature of obligation; (iii) interest rate; (iv) payment terms; (v) maturity dates by year; (vi) collateral requirements; (vii) restrictive covenants; (viii) priority; (ix) conversion or redemption features; (x) carrying value of assets pledged as collateral; (xi) combined aggregate maturities for next five years; (xii) unused or available balances.

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