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FHLB Advances and Other Borrowings (Tables)
12 Months Ended
Dec. 31, 2019
Federal Home Loan Banks [Abstract]  
Summary of FHLB Advances

A summary of FHLB advances follows:

 

 

As of December 31,

 

2019

 

2018

 

Rate

 

Amount

 

Rate

 

Amount

 

(dollars in thousands)

Open line of credit

1.77%

 

$                    -  

 

2.61%

 

$            5,350  

Fixed rate, fixed term advances

1.41%

 

            7,000  

 

1.13% - 1.50%

 

          24,000  

Putable advance, maturing Oct 2029
         first option date Nov 2020

1.03%

 

          10,000  

 

N/A

 

                  -  

Advance structured note, payments due
         monthly, maturing February 2030

7.47%

 

              623  

 

7.47%

 

              660  

Total

 

 

$          17,623  

 

 

 

$          30,010  

Schedule of Maturities of FHLB Advances

A summary of the scheduled maturities of FHLB advances follows:

 

December 31, 2019

 

Weighted Average Rate

 

Amount

2020

7.47%

 

$                    39  

2021

1.45%

 

                  7,042  

2022

7.47%

 

                      46  

2023

7.47%

 

                       49  

2024

7.47%

 

                       53  

Thereafter

1.27%

 

                10,394  

Total

 

 

$             17,623