10.	LONG-TERM DEBT

The Company uses Federal Home Loan Bank (“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 June 30, 2015 and December 31, 2014, respectively, and assets pledged associated with these advances of $6.9 million and $5.7 million, respectively.

As of June 30, 2015 and December 31, 2014, the Bank had $168.1 million and $166.8 million, respectively, in remaining credit from the FHLB (subject to available collateral).