BORROWINGS (Tables)

9 Months Ended

Sep. 30, 2016

Borrowings consist of the following at September 30, 2016 and December 31, 2015 (dollars in thousands):


	September 30,		December 31,
	2016		2015

Federal Home Loan Bank fixed rate advances at September 30, 2016 with a weighted average rate of 2.01% maturing in 2016, 2017, 2018, 2019 and 2020	$	46,000	$	35,000
Correspondent bank line of credit - holding company		—		7,750
Correspondent bank term note, current floor rate of 4%, maturing April 30, 2019		21,100		2,300
USDA Rural Development, fixed-rate note payable, maturing August 24, 2024 interest payable at 1%		630		704

	$	67,730	$	45,754

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
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+ Details