Note J - Borrowed Funds -

Borrowed funds at December 31, 2019 and 2018 in the amounts of $18,041,000 and $16,822,000, consisted of advances from the FHLB. These advances were at fixed interest rates at December 31, 2019, ranging from 1.620% to 3.203%. At December 31, 2019, the scheduled maturities of the advances were as follows:


(Dollars in thousands)
2020	$	9,925
2021		3,516
2022		1,126
2023		3,474
2024		—
	$	18,041

These advances are collateralized by a blanket lien on substantially all of the Bank’s mortgage loans, investment securities, mortgage-backed securities, FHLB stock and FHLB deposit accounts.

At December 31, 2019, the Bank had the capacity to borrow an additional $20,143,000 from the FHLB.