Federal Home Loan Bank Borrowings

3 Months Ended

Mar. 31, 2020

Federal Home Loan Bank Borrowing

Federal Home Loan Bank Borrowings

11.  Federal Home Loan Bank Borrowings

Total Federal Home Loan Bank (FHLB) borrowings and advances consist of the following (in thousands, except percentages):

	At March 31, 2020
				Weighted
Type	Maturing	Amount		Average Rate
Open Repo Plus	Overnight	$	16,354	0.36	%
Advances	2020		12,229	1.74
	2021		9,496	2.28
	2022		20,888	2.03
	2023		13,568	1.76
	2024		2,037	1.86
Total advances			58,218	1.94
Total FHLB borrowings		$	74,572	1.59	%

	At December 31, 2019
				Weighted
Type	Maturing	Amount		Average Rate
Open Repo Plus	Overnight	$	22,412	1.81	%
Advances	2020		18,729	1.75
	2021		9,496	2.28
	2022		17,838	2.21
	2023		5,568	2.48
	2024		2,037	1.86
Total advances			53,668	2.08
Total FHLB borrowings		$	76,080	2.00	%

The rate on Open Repo Plus advances can change daily, while the rates on the advances are fixed until the maturity of the advance. All FHLB stock along with an interest in certain residential mortgage, commercial real estate, and commercial and industrial loans with an aggregate statutory value equal to the amount of the advances are pledged as collateral to the FHLB of Pittsburgh to support these borrowings.