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Note 10 - Long-term Debt | 12 Months Ended
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Dec. 31, 2016
Notes to Financial Statements |
Long-term Debt [Text Block] |
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 than 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. FHLB advances with an original maturity of more than one year are classified as long-term. The Company had long-term FHLB advances outstanding of $15.0 million and $5.0 million as of December 31, 2016 and 2015, respectively. The following summarizes information concerning long-term FHLB advances and other borrowings:
|  | 2016 |  |  | 2015 |
|  | (Dollars in Thousands) |
Balance at year-end |  | $ | 15,000 |  |  | $ | 5,000 |
Average balance during the year |  |  | 12,404 |  |  |  | 4,178 |
Maximum month-end balance during the year |  |  | 15,000 |  |  |  | 5,000 |
Average rate paid during the year |  |  | 0.71 | % |  |  | 0.59 | %
Weighted average remaining maturity (in years) |  |  | 0.67 years |  |  |  | 1.33 years |
Assets pledged associated with FHLB advances totaled $28.0 million and $14.0 million as of December 31, 2016 and 2015, respectively. As of December 31, 2016 and 2015, the Bank had $155.0 million and $152.5 million, respectively, in remaining credit from the FHLB (subject to available collateral).

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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