10. Federal Home Loan Bank Borrowings

Total Federal Home Loan Bank (FHLB) borrowings and advances consist of the following (in thousands, except percentages):


	At March 31, 2014
Type	Maturing		Amount		Weighted Average Rate
Open Repo Plus		Overnight	$	12,483		0.25	%
Advances		2015		4,000		0.52
		2016		12,000		0.81
		2017		9,000		1.04
		2018		3,000		1.45
Total advances				28,000		0.91
Total FHLB borrowings			$	40,483		0.71	%


	At December 31, 2013
Type	Maturing		Amount		Weighted Average Rate
Open Repo Plus		Overnight	$	41,555		0.25	%
Advances		2015		4,000		0.52
		2016		12,000		0.81
		2017		7,000		1.07
		2018		2,000		1.47
Total advances				25,000		0.89
Total FHLB borrowings			$	66,555		0.49	%

The rate on Open Repo Plus advances can change daily, while the rates on the advances are fixed until the maturity of the advance.

- Definition

The entire disclosure for borrowing from the Federal Home Loan Bank, including: (i) general description; (ii) title and nature of obligation; (iii) interest rate; (iv) payment terms; (v) maturity dates by year; (vi) collateral requirements; (vii) restrictive covenants; (viii) priority; (ix) conversion or redemption features; (x) carrying value of assets pledged as collateral; (xi) combined aggregate maturities for next five years; (xii) unused or available balances.

+ References+ Details