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BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2018
BORROWINGS  
Schedule of borrowings

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

 

 

 

 

 

 

 

 

2018

    

2017

Federal Home Loan Bank fixed rate advances

$

57,060

 

$

60,000

Correspondent bank term note

 

 —

 

 

18,999

USDA Rural Development note

 

476

 

 

553

 

 

 

 

 

 

 

$

57,536

 

$

79,552

 

Schedule of maturities and principal payments of borrowings outstanding

Maturities and principal payments of borrowings outstanding at December 31, 2018 are as follows (dollars in thousands):

 

 

 

 

 

 

2019

    

$

16,290

 

2020

 

 

12,567

 

2021

 

 

25,145

 

2022

 

 

80

 

2023

 

 

373

 

Thereafter

 

 

3,081

 

 

 

 

 

 

Total

 

$

57,536