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Federal Home Loan Bank Borrowings
 6 Months Ended
Jun. 30, 2015
Federal Home Loan Bank Borrowings [Abstract]  
Federal Home Loan Bank Borrowings

10.         Federal Home Loan Bank Borrowings

 

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


 

At June 30, 2015
      Weighted  
Type Maturing Amount     Average Rate  
Open Repo Plus Overnight $ 63,430       0.33 %
                     
Advances   2015     4,000       0.52  
    2016     12,000       0.81  
    2017     12,000       1.06  
    2018     10,000       1.51  
    2019 and over     8,000       1.76  
Total advances         46,000       1.17  
Total FHLB borrowings       $ 109,430       0.68 %

 

At December 31, 2014
      Weighted  
Type Maturing Amount     Average Rate  
Open Repo Plus Overnight $ 38,880       0.27 %
                     
Advances   2015     4,000       0.52  
    2016     12,000       0.81  
    2017     12,000       1.06  
    2018     10,000       1.51  
    2019 and over     4,000       1.88  
Total advances         42,000       1.12  
Total FHLB borrowings       $ 80,880       0.71 %

 

The rate on Open Repo Plus advances can change daily, while the rates on the advances are fixed until the maturity of the advance.  All FHLB stock along with an interest in certain residential mortgage and CRE loans with an aggregate statutory value equal to the amount of the advances are pledged as collateral to the FHLB of Pittsburgh to support these borrowings.