XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.19.1

Note 12 - Long-term Debt | 12 Months Ended
--- | ---
Dec. 31, 2018
Notes to Financial Statements |
Long-term Debt [Text Block] |
12. | 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 did not have any long-term FHLB advances outstanding as of December 31, 2018. The Company had long-term FHLB advances outstanding of $10.0 million as of December 31, 2017. The following summarizes information concerning long-term FHLB advances and other borrowings:
|  | 2018 |  |  | 2017 |
|  | (Dollars in Thousands) |
Balance at year-end |  | $ | — |  |  | $ | 10,000 |
Average balance during the year |  | $ | 5,288 |  |  | $ | 11,452 |
Maximum month-end balance during the year |  | $ | 10,000 |  |  | $ | 15,000 |
Average rate paid during the year |  |  | 1.90 | % |  |  | 1.55 | %
Weighted average remaining maturity (in years) |  |  | N/A |  |  |  | 0.83 |
Assets pledged (including loans and investment securities) associated with FHLB advances totaled $27.0 million and $26.0 million as of December 31, 2018 and 2017, respectively. As of December 31, 2018 and 2017, the Bank had $282.2 million a nd $159.3 million, respectively, in remaining credit from the FHLB (subject to available collateral).

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_LongTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration