Long-Term Borrowings	9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]
Long-term Borrowings	Long-term borrowings: There were $67.2 million in long-term Federal Home Loan Bank Advances at September 30, 2020 with a weighted average interest rate of 1.79%. Long-term Federal Home Loan Bank Advances were $42.8 million at December 31, 2019. In addition, the Company had two Trust Preferred Debentures with an outstanding balance of $9.3 million at September 30, 2020 and $2.1 million at December 31, 2019. The final maturity of this Debt is December 31, 2036. Long-term and short-term FHLB advances are secured by a blanket pledge of residential mortgage, commercial real estate, and multi-family loans totaling $620.8 million and $577.9 million at September 30, 2020 and December 31, 2019, respectively. Based on this collateral, the Bank is eligible to borrow an additional $553.7 million at September 30, 2020. Each advance is subject to a prepayment penalty if paid prior to its maturity date.

Long-Term Borrowings

9 Months Ended

Sep. 30, 2020

Long-term borrowings:

There were $67.2 million in long-term Federal Home Loan Bank Advances at September 30, 2020 with a weighted average interest rate of 1.79%. Long-term Federal Home Loan Bank Advances were $42.8 million at December 31, 2019. In addition, the Company had two Trust Preferred Debentures with an outstanding balance of $9.3 million at September 30, 2020 and $2.1 million at December 31, 2019. The final maturity of this Debt is December 31, 2036.

Long-term and short-term FHLB advances are secured by a blanket pledge of residential mortgage, commercial real estate, and multi-family loans totaling $620.8 million and $577.9 million at September 30, 2020 and December 31, 2019, respectively. Based on this collateral, the Bank is eligible to borrow an additional $553.7 million at September 30, 2020. Each advance is subject to a prepayment penalty if paid prior to its maturity date.