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Federal Home Loan Bank Advances (Tables) | 12 Months Ended
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Dec. 31, 2020
Federal Home Loan Bank Advances [Abstract] |
Information Regarding FHLB Advances | The following table summarizes information relating to FHLB advances at or for the periods indicated:
|  | At or For the Year Ended |
|  | 2020 |  |  | 2019 |
|  | (Dollars in thousands) |
FHLB Advances: |  |  |  |  |  |
Average balance outstanding during the year |  | $ | 114,020 |  |  | $ | 77,049 |
Maximum amount outstanding at any month‑end during the year |  | $ | 121,500 |  |  | $ | 84,000 |
Balance outstanding at end of year |  | $ | 110,500 |  |  | $ | 84,000 |
Weighted average interest rate at end of year |  |  | 1.94 | % |  |  | 2.32 | %
Average cost of advances during the year |  |  | 1.91 | % |  |  | 2.42 | %
Weighted average contractual maturity (in months) |  |  | 27 |  |  |  | 18 |
Required Payments over Next Five Years | Required payments over the next five years are as follows:
|  | Amount |
|  | (In thousands) |
2021 |  | $ | 27,500 |
2022 |  |  | 18,000 |
2023 |  |  | 30,000 |
2024 |  |  | 5,000 |
2025 |  |  | 30,000 |
|  | $ | 110,500 |

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- Definition Tabular disclosure of advances made and reported by Federal Home Loan Bank (FHLBank) maturity. + References No definition available. + Details
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- Definition Tabular disclosure of advances made and reported by Federal Home Loan Bank (FHLBank). + References No definition available. + Details
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