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Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Advances on Borrowing Line

Advances on these lines at December 31, 2019 and 2018 were as follows:

 

 

 

 

 

 

 

 

    

2019

    

2018

Federal Home Loan Bank - (interest rates ranging from 1.58% to 2.87% and 1.15% to 2.87% at December 31, 2019 and 2018, respectively)

 

$

84,864

 

$

137,149

Total

 

$

84,864

 

$

137,149

 

Debt with Maximum and Average Balances

The maximum and average outstanding and weighted average interest rates on debt during the years ended December 31, 2019 and 2018 were as follows:

 

 

 

 

 

 

 

 

 

    

2019

    

2018

 

Maximum balance:

 

 

  

 

 

  

 

Federal Home Loan Bank advances and Fed Funds

 

$

186,401

 

$

180,025

 

Federal Reserve Bank

 

$

5,000

 

$

 —

 

Fed Funds lines of credit

 

$

5,000

 

$

21,016

 

Subordinated note

 

$

10,000

 

$

10,000

 

Average balance:

 

 

  

 

 

  

 

Federal Home Loan Bank advances and Fed Funds

 

$

93,653

 

$

96,044

 

Federal Reserve Bank

 

$

167

 

$

 —

 

Fed Funds lines of credit

 

$

318

 

$

5,286

 

Subordinated note

 

$

10,000

 

$

10,000

 

Weighted average interest rate:

 

 

  

 

 

  

 

Federal Home Loan Bank advances and Fed Funds

 

 

2.61

%  

 

2.02

%

Federal Reserve Bank

 

 

2.96

%  

 

 —

%

Fed Funds lines of credit

 

 

2.09

%  

 

1.93

%

Subordinated note

 

 

6.50

%  

 

6.50

%

 

Schedule of Federal Home Loan Bank Advances Maturities Summary Due

Scheduled maturities of Federal Home Loan Bank advances were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

Years Ending December 31, 

    

Balances

    

Rates

 

2020

 

$

12,336

 

2.46

%

2021

 

 

45,000

 

2.48

%

2022

 

 

 —

 

 —

%

2023

 

 

13,633

 

2.03

%

2024

 

 

13,895

 

1.77

%

Total

 

$

84,864