SHORT-TERM AND LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2019

At December 31, 2019, the Company had $45.0 million in advances from the Federal Home Loan Bank of Atlanta and no borrowings from the Federal Reserve Bank discount window. Advances consisted of the following at December 31, 2019:


	Amount		Rate		Maturity
	(dollars in thousands)
Advance type:
Fixed rate hybrid		20,000	2.53	%	2/2/2021
Fixed rate hybrid		10,000	2.89	%	4/12/2023
Fixed rate hybrid		5,000	2.94	%	5/30/2023
Fixed rate hybrid		10,000	2.97	%	6/28/2023

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details