OTHER BORROWINGS

9 Months Ended

Sep. 30, 2018

OTHER BORROWINGS

OTHER BORROWINGS

8.OTHER BORROWINGS

On July 20, 2015, the Company borrowed $5.0 million which had an outstanding balance of $2.8 million as of September 30, 2018. The term loan has a fixed interest rate of 5.02%, requires quarterly principal and interest payments, matures July 20, 2025 and is collateralized by Kentucky Bank stock.  The maturity schedule for the term loan as of September 30, 2018 is as follows (in thousands):

2018	$	124
2019		511
2020		537
2021		564
2022		593
Thereafter		512
	$	2,841