Federal Home Loan Bank Advances

12 Months Ended

Dec. 31, 2019

Federal Home Loan Bank Advances [Abstract]

Federal Home Loan Bank Advances

Note 14: Federal Home Loan Bank Advances

FHLB advances maturing in years ending December 31 are as follows:

2020	$	107,824
2021		31,565
2022		14,991
2023		6,999
2024		15,000
Thereafter		69,500
	$	245,879

At December 31, 2019, the Company had pledged $434.6 million in qualifying first mortgage loans as collateral for advances and outstanding letters of credit. Advances, at interest rates from 0.69% to 5.00% at December 31, 2019, were subject to restrictions or penalties in the event of prepayment.

At December 31, 2019, the Company had a total of $71.5 million in putable and $42.0 million in symmetrical advances with Federal Home Loan Bank. The call dates for these advances range from 2020 through 2024 even though maturity dates extend beyond those dates.