11.	OTHER BORROWINGS

Other borrowings are summarized as follows (in thousands):

	June 30, 2016		December 31, 2015

Federal Home Loan Bank advances with rates ranging from 0.35% to 5.57% maturing through July 1, 2027	$	75,282	$	53,518
Line of credit with a bank, $14.75 million total credit line, floating rate of 1.95% above the three-month London Interbank Offered Rate (“LIBOR”) rate, reset quarterly, interest payments due quarterly, maturing July 30, 2016		9,950		5,150
Term notes payable to a bank, floating rate of 1.95% above the three-month LIBOR rate, reset quarterly, principal and interest payments due quarterly, maturing May 30, 2019		12,950		13,712

Total	$	98,182	$	72,380

Federal Home Loan Bank.

The Bank currently pledges as collateral for FHLB advances certain qualifying one- to four-family mortgage loans and a blanket lien on substantially all remaining loans. Additionally, as of June 30, 2016, the Bank has FHLB letters of credit totaling $60.0 million, of which $35.0 million matures in the first quarter of 2017 and $25.0 million matures in the fourth quarter of 2017. The letters of credit were used to collateralize public deposits and a repurchase agreement as of June 30, 2016.

Notes Payable.

The line of credit and notes payable to a bank are collateralized by 100% of the stock of the Bank. The loan agreement governing the line of credit and notes payable contains affirmative and negative covenants addressing the ability of the Company and its subsidiaries to, among other things, incur additional indebtedness, maintain property and insurance coverage, pledge assets and incur liens, engage in mergers and acquisitions, redeem capital stock and engage in transactions with affiliates. The agreement also contains financial covenants, including a minimum fixed charge coverage ratio of 2.0 to 1.0, a maximum loan to value ratio of 75%, a maximum classified asset ratio of 50% and Tier 1 Leverage ratio of 8%. At June 30, 2016, the Company was in compliance with the applicable covenants imposed by the loan agreement.

At June 30, 2016, scheduled maturities of other borrowings were as follows (in thousands):

	Weighted
	Average
	Rate			Amount

Within one year		1.49	%	$	27,056
One to two years		0.45			42,037
Two to three years		2.19			21,328
Three to four years		2.36			439
Four to five years		2.10			623
Over five years		2.67			6,699

Total		1.29	%	$	98,182