Federal Home Loan Bank Advances (Tables)

9 Months Ended

Sep. 30, 2020

Federal Home Loan Banks [Abstract]

Summary of Federal Home Loan Bank Advances

Federal Home Loan Bank advances consist of the following:

	September 30, 2020					December 31, 2019
	Rate			Amount		Rate			Amount
	(dollars in thousands)
Fixed rate, fixed term advances		1.41% - 1.77	%	$	24,000		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	%		594		7.47	%		623
Advance structured note, payments due monthly, maturing April 2030		1.05	%		9,604		—			—
Advance structured note, payments due monthly, maturing May 2030		1.19	%		9,686		—			—
Total				$	68,884				$	17,623

Schedule of Maturities of Federal Home Loan Bank Advances

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

	September 30, 2020
	Weighted Average Rate			Amount
	(dollars in thousands)
2020		1.25	%	$	485
2021		0.95	%		12,956
2022		1.54	%		8,481
2023		1.54	%		8,507
2024		1.28	%		2,032
Thereafter		1.08	%		36,423
Total				$	68,884