Other Borrowed Funds

9 Months Ended

Sep. 30, 2020

Other borrowed funds consist of fixed rate advances from the Federal Home Loan Bank of Pittsburgh (“FHLB”). The following table sets forth the scheduled maturities of other borrowed funds at the dates indicated.


	September 30, 2020				December 31, 2019
	Amount		Weighted Average Rate		Amount		Weighted Average Rate
(Dollars in thousands)

Due in One Year	$	5,000	2.09	%	$	6,000	1.97	%
Due After One Year to Two Years	3,000		2.23		5,000		2.18
Due After Two Years to Three Years	3,000		2.41		3,000		2.41
Total	$	11,000	2.21	%	$	14,000	2.14	%

As of September 30, 2020, the Company maintained a credit arrangement with a maximum borrowing limit of approximately $430.7 million with the FHLB and available borrowing capacity of $416.9 million. This arrangement is subject to annual renewal, incurs no service charge, and is secured by a blanket security agreement on $577.1 million of residential and commercial mortgage loans and the Company’s investment in FHLB stock. Under this arrangement the Company had available a variable rate Line of Credit in the amount of $150.0 million as of September 30, 2020, of which there was no outstanding balance as of September 30, 2020.

At September 30, 2020, the Company maintained a Borrower-In-Custody of Collateral line of credit agreement with the Federal Reserve Bank (“FRB”) for $95.7 million that requires monthly certification of collateral, is subject to annual renewal, incurs no service charge and is secured by $145.3 million of commercial and industrial and consumer indirect auto loans. In addition, the Company also maintains multiple line of credit arrangements with various unaffiliated banks totaling $60.0 million of which no draws had been taken.