Federal Home Loan Bank Advances (Tables)

3 Months Ended

Mar. 31, 2020

Federal Home Loan Banks [Abstract]

Summary of Federal Home Loan Bank Advances

Federal Home Loan Bank advances consist of the following:

	March 31, 2020					December 31, 2019
	Rate			Amount		Rate			Amount
	(dollars in thousands)
Fixed rate, fixed term advances		1.41% - 1.62	%	$	20,000		1.41	%	$	7,000
Putable advance, maturing Oct 2029 first put option date Nov 2020		1.03	%		10,000		1.03	%		10,000
Putable advance, maturing Feb 2030 first put option date Feb 2023		0.98	%		5,000		—			—
Putable advance, maturing Mar 2030 first put option date Mar 2025		0.89	%		10,000		—			—
Advance structured note, payments due monthly, maturing Feb 2030		7.47	%		614		7.47	%		623
Advance structured note, payments due monthly, maturing April 2030		1.05	%		10,000		—			—
Total				$	55,614				$	17,623

Schedule of Maturities of Federal Home Loan Bank Advances

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

	March 31, 2020
	Weighted Average Rate			Amount
	(dollars in thousands)
2020		1.33	%	$	664
2021		1.40	%		8,002
2022		1.34	%		7,516
2023		1.36	%		7,530
2024		1.37	%		1,044
Thereafter		1.12	%		30,858
Total				$	55,614