XML 31 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
Federal Home Loan Bank Borrowings
6 Months Ended
Jun. 30, 2016
Federal Home Loan Bank Borrowings [Abstract]  
Federal Home Loan Bank Advances, Disclosure [Text Block]

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, 2016
Type
 
Maturing
 
Amount
 
Weighted
Average Rate
Open Repo Plus
 
 
Overnight
 
 
$
22,575
 
 
 
0.56
Advances
 
 
2016
 
 
 
11,000
 
 
 
0.83
 
  
 
 
2017
 
 
 
12,000
 
 
 
1.06
 
  
 
 
2018
 
 
 
12,000
 
 
 
1.48
 
  
 
 
2019
 
 
 
8,000
 
 
 
1.67
 
  
 
 
2020 and over
 
 
 
7,042
 
 
 
1.62
 
Total advances
 
 
 
 
 
50,042
 
 
 
1.29
 
Total FHLB borrowings
 
 
 
 
$
72,617
 
 
 
1.06
 
 
 
 
 
At December 31, 2015
Type
 
Maturing
 
Amount
 
Weighted
Average Rate
Open Repo Plus
 
 
Overnight
 
 
$
48,748
 
 
 
0.43
Advances
 
 
2016
 
 
 
12,000
 
 
 
0.81
 
  
 
 
2017
 
 
 
12,000
 
 
 
1.06
 
  
 
 
2018
 
 
 
12,000
 
 
 
1.48
 
  
 
 
2019
 
 
 
7,000
 
 
 
1.73
 
  
 
 
2020 and over
 
 
 
5,000
 
 
 
1.69
 
Total advances
 
 
 
 
 
48,000
 
 
 
1.27
 
Total FHLB borrowings
 
 
 
 
$
96,748
 
 
 
0.85
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.