Borrowings (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Total Outstanding Borrowings

Total outstanding borrowings consisted of the following:

	December 31, 2019		December 31, 2018
Borrowings
In 2015, the Company transferred two related party loans to an unaffiliated commercial bank in exchange for $4.7 million. The exchange price equated to the unpaid principal balance plus accrued but uncollected interest at the time of transfer. The terms of the transfer agreement with the unaffiliated commercial bank identified the transaction as a secured borrowing for accounting purposes.  Interest accrued at prime plus 1% with monthly principal and interest payments over a term of 60 months. The maturity date was October 5, 2019.  The pledged collateral was classified in other assets with a fair value of $1.4 million at December 31, 2018.  The remaining loan with an outstanding balance of $1.3 million was repurchased by the Company on November 7, 2019.	$	—	$	1,441
In 2019, the Company renewed a revolving line of credit issued in 2017.  The line of credit is unsecured and accrues interest at 30-day LIBOR plus 1.15% for a term of 13 months.  Payments are interest only with all principal and accrued interest due on October 20, 2020. The terms of this loan require the Company to maintain minimum capital and debt service coverage ratios. No advances have been made to this line of credit and there is $50 million of available credit remaining at December 31, 2019.		—		—
In October 2017, the Company entered into a financing lease of $19 thousand with an unaffiliated equipment lease company, secured by fitness equipment which is included in premises and equipment on the consolidated balance sheet. Payments are principal and interest due monthly starting December 15, 2017 over a term of 60 months. At the end of the lease term there is a $1.00 bargain purchase option. As of January 1, 2019, this borrowing was revised in accordance with ASU 2016-02.		14		16
Total  borrowings	$	14	$	1,457