Advances consist of funds borrowed from the Federal Home Loan Bank (the “FHLB”) and the Federal Reserve Bank (the “FRB”) borrower-in-custody (“BIC”) program. Maturities of advances from the FHLB and FRB as of September 30, 2020 are summarized as follows:



(In thousands)
Fiscal Year-End
2020	$	60,000
2023		8,500
Thereafter		5,000
Total	$	73,500

Borrowings from the FRB BIC program are secured by a Uniform Commercial Code (“UCC”) financing statement on qualified collateral, consisting of certain commercial loans and qualified mortgage-backed government securities. At September 30, 2020, FRB borrowings consisted of overnight borrowings totaling $60.0 million and had an interest rate of 0.25%.

Borrowings from the FHLB, which aggregated $13.5 million at September 30, 2020, are secured by a blanket lien on qualified collateral, consisting primarily of loans with first mortgages secured by one to four family properties, certain commercial loans and qualified mortgage-backed government securities. The interest rates on FHLB advances ranged from 1.21% to 3.01%, and the weighted average interest rate on FHLB advances was 2.12% at September 30, 2020. All of the FHLB borrowings at September 30, 2020 are long-term with an original maturity of more than one year.