9.	BORROWINGS

A summary of borrowings from the FHLBB at December 31, 2016 and 2015 is as follows:

	2016					2015
			Weighted					Weighted
			Average					Average
	Amount		Rate			Amount		Rate
	(Dollars in thousands)
Fixed-rate advances maturing:
2016*	$	—		—	%	$	23,176		0.52	%
2017*		26,932		0.81			7,238		0.83
2018*		4,858		1.07			4,500		1.06
2019		1,500		1.00			—		—
2020*		3,359		1.55			—		—
2021*		2,018		1.35			—		—
	$	38,667		0.94	%	$	34,914		0.66	%

*	Includes amortizing advances which require monthly principal and interest payments.

Advances from the FHLBB are secured by a blanket pledge agreement on the Bank’s qualified collateral, defined principally as 75% of the carrying value of first mortgage loans on owner-occupied residential property. Available borrowing capacity at December 31, 2016 was $65,572,000. At December 31, 2016, the Bank was in compliance with the FHLBB collateral requirements.

The Bank also has a $4,195,000 available line of credit with the FHLBB at an interest rate that adjusts daily. Borrowings under the line are limited to 2% of the Bank’s total assets. At December 31, 2016 and 2015, there were no advances outstanding.

The Bank also has a $3,500,000 available line of credit with a correspondent bank. No advances were outstanding at December 31, 2016 and 2015.