Federal Home Loan Bank Advances (Tables)

3 Months Ended

Mar. 31, 2021

Federal Home Loan Banks [Abstract]

Summary of Federal Home Loan Bank Advances

Federal Home Loan Bank advances consist of the following:

	March 31, 2021					December 31, 2020
	Rate			Amount		Rate			Amount
	(dollars in thousands)
Fixed rate, COVID-19 Relief Advance, maturing May 2021		0	%	$	4,000		0	%	$	4,000
Fixed rate, fixed term advance, maturing July 2021		1.41	%		7,000		1.41	%		7,000
Fixed rate, fixed term advance, maturing February 2022		1.62	%		6,500		1.62	%		6,500
Fixed rate, fixed term advance, maturing February 2023		1.62	%		6,500		1.62	%		6,500
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		0.98	%		5,000
Putable advance, maturing Mar 2030 first put option date Mar 2025		0.89	%		10,000		0.89	%		10,000
Advance structured note, payments due monthly, maturing Feb 2030		7.47	%		574		7.47	%		584
Advance structured note, payments due monthly, maturing April 2030		1.05	%		9,126		1.05	%		9,365
Advance structured note, payments due monthly, maturing May 2030		1.19	%		9,212		1.19	%		9,449
Total				$	67,912				$	68,398

Schedule of Maturities of Federal Home Loan Bank Advances

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

	March 31, 2021
	Weighted Average Rate			Amount
	(dollars in thousands)
2021		1.26	%	$	12,469
2022		1.46	%		8,481
2023		1.54	%		8,506
2024		1.28	%		2,032
2025		1.30	%		2,059
Thereafter		1.07	%		34,365
Total				$	67,912