NOTE 10 – BORROWINGS

The Bank has established a borrowing line with the FHLB of Dallas. As of December 31, 2016 and 2015, the Bank had outstanding advances totaling $50.0 million and $13.0 million, respectively, carrying interest rates from 0.56% to 1.32%. As of December 31, 2016, the Bank had unused credit available under the FHLB blanket pledge agreement of $87.5 million. The following are maturities of outstanding FHLB advances at December 31, 2016 and 2015:

	At December 31,
Maturity	2016		2015
Year one	$	30,000,000	$	13,000,000
Year two		10,000,000		-
Year three		-		-
Year four		10,000,000		-

	$	50,000,000	$	13,000,000

The Bank has two lines of credit available with other financial institutions of $6.0 and $2.0 million, respectively.