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Note 9 - Long-term Debt
6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Long-term Debt [Text Block]
9.
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. As of both
June 30, 2019
and
December 31, 2018,
the Company did
not
have any long-term FHLB advances outstanding.
 
Assets pledged (including loans and investment securities) associated with FHLB advances totaled
$36.9
million a
nd
$27.0
million as of
June 30, 2019
and
December 31, 2018,
respectively. As of
June 30, 2019
and
December 31, 2018,
the Bank had
$238.5
million
and
$282.2
million, respectively, in remaining credit from the FHLB (subject to available collateral).