10.

LONG-TERM DEBT

The Company uses FHLB advances as an alternative to funding sources with similar maturities, such as certificates of deposit or other deposit programs. These advances generally offer more attractive rates when compared to other mid-term financing options. They are also flexible, allowing the Company to quickly obtain the necessary maturities and rates that best suit its overall asset/liability strategy. The Company had FHLB advances outstanding of $5.0 million as of both December 31, 2014 and 2013, respectively, and assets pledged associated with these advances of $5.7 million and $5.1 million as of December 31, 2014 and 2013, respectively.

The following summarizes information concerning FHLB advances and other borrowings:


	2014			2013
	(Dollars in Thousands)
Balance at year-end	$	5,000		$	5,000
Average balance during the year		5,000			1,890
Maximum month-end balance during the year		5,000			5,000
Average rate paid during the year		0.57	%		0.58	%
Weighted average remaining maturity		0.67 years			1.67 years

As of December 31, 2014 and 2013, the Bank had $166.8 million and $165.9 million, respectively, in remaining credit from the FHLB (subject to available collateral).