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BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2016
BORROWINGS  
Schedule of borrowings

Borrowings consist of the following at December 31 (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

    

2015

 

 

 

 

 

 

 

 

Federal Home Loan Bank fixed rate advances

$

45,000

 

$

35,000

 

Correspondent bank line of credit

 

750

 

 

7,750

 

Correspondent bank term note

 

21,199

 

 

2,300

 

USDA Rural Development note

 

630

 

 

704

 

 

 

 

 

 

 

 

 

$

67,579

 

$

45,754

 

 

Schedule of maturities and principal payments of borrowings outstanding

Maturities and principal payments of borrowings outstanding at December 31, 2016 are as follows (dollars in thousands):

 

 

 

 

 

 

2017

    

$

13,026

 

2018

 

 

12,277

 

2019

 

 

31,876

 

2020

 

 

10,078

 

2021

 

 

78

 

Thereafter

 

 

244

 

 

 

 

 

 

Total

 

$

67,579