XML 53 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1
FHLB Advances and Other Borrowings (Tables)
12 Months Ended
Dec. 31, 2018
Advances from Federal Home Loan Banks [Abstract]  
Schedule of Borrowings, Debt and Repurchase Agreements
Information regarding each of these types of borrowings or other indebtedness is as follows:
 
 
December 31,
 
 
2018
 
2017
Long-term Advances from Federal Home Loan Bank collateralized by qualifying mortgages, investment securities, and mortgage-backed securities
 
$
86,626

 
$
126,836

Term Loans
 
25,000

 

Junior Subordinated Debentures assumed from American Community Bancorp, Inc.
 
5,775

 
5,624

Junior Subordinated Debentures assumed from River Valley Bancorp, Inc.
 
5,712

 
5,607

Capital Lease Obligation
 
3,522

 
3,650

Long-term Borrowings
 
126,635

 
141,717

 
 
 
 
 
Overnight Variable Rate Advances from Federal Home Loan Bank collateralized by qualifying mortgages, investment securities, and mortgage-backed securities
 
$
195,000

 
$
92,000

Federal Funds Purchased
 
9,500

 

Repurchase Agreements
 
45,274

 
41,499

Short-term Borrowings
 
249,774

 
133,499

 
 
 
 
 
Total Borrowings
 
$
376,409

 
$
275,216

Schedule of Repurchase Agreements
 
 
2018
 
2017
Average Daily Balance During the Year
 
$
38,454

 
$
40,476

Average Interest Rate During the Year
 
0.55
%
 
0.47
%
Maximum Month-end Balance During the Year
 
$
45,274

 
$
47,934

Weighted Average Interest Rate at Year-end
 
0.63
%
 
0.50
%
Schedule of Principal Payments on Long-Term Borrowings
At December 31, 2018, scheduled principal payments on long-term borrowings, excluding the capitalized lease obligation and acquired subordinated debentures (which are discussed below) are as follows:
2019
 
$
31,075

2020
 
25,551

2021
 
30,000

2022
 

2023
 

Thereafter
 
25,000

Total
 
$
111,626

Schedule of Issuance of Subordinated Debentures
The following table summarizes the terms of each issuance:
 
 
Date of
Issuance
 
Issuance
Amount
 
Carrying
Amount at
December 31, 2018
 
Variable Rate
 
Rate as of
December 31, 2018
 
Rate as of
December 31, 2017
 
Maturity
Date
ACB Trust I
 
5/6/2005
 
$
5,155

 
$
3,646

 
90 day LIBOR + 2.15%
 
4.95
%
 
3.84
%
 
May, 2035
ACB Trust II
 
7/15/2005
 
3,093

 
2,129

 
90 day LIBOR + 1.85%
 
4.50
%
 
3.30
%
 
July, 2035
RIVR Statutory Trust 1
 
3/26/2003
 
7,217

 
5,712

 
3-Month LIBOR + 3.15%
 
5.97
%
 
4.82
%
 
March, 2033