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Federal Home Loan Bank Advances (Tables)
9 Months Ended
Sep. 30, 2018
Federal Home Loan Banks [Abstract]  
Summary of Federal Home Loan Bank Advances

Federal Home Loan Bank advances consist of the following:

 

     September 30, 2018      December 31, 2017  
     Rate      Amount      Rate      Amount  
     (dollars in thousands)  

Open line of credit

     2.39%      $ 12,000        0.88%      $ 10,000  

Fixed rate, fixed term advances

     1.13% - 1.50%        24,000        1.13% - 1.50%        24,000  

Advance structured note, payments due monthly, maturing February 2030

     7.47%        668        7.47%        693  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

      $ 36,668         $ 34,693  
     

 

 

       

 

 

 
Schedule of Maturities of Federal Home Loan Bank Advances

The scheduled maturities of Federal Home Loan Bank advances are presented below:

 

     September 30, 2018  
     Weighted
Average Rate
    Amount  
     (dollars in thousands)  

2018

     2.39   $ 12,009  

2019

     1.25     17,036  

2020

     7.47     39  

2021

     1.45     7,042  

2022

     7.47     46  

Thereafter

     7.47     496  
  

 

 

   

 

 

 

Total

     $ 36,668