Borrowings

6 Months Ended

Jun. 30, 2020

The following tables present information regarding the Company’s outstanding borrowings at June 30, 2020 and December 31, 2019 - dollars are in thousands:



Description	Due date	Call Feature	June 30, 2020			Interest Rate
FHLB Term Note	8/6/2020	None	$	50,000		0.20% fixed
FHLB Principal Reducing Credit	7/24/2023	None	146			1.00% fixed
FHLB Principal Reducing Credit	12/22/2023	None	1,010			1.25% fixed
FHLB Principal Reducing Credit	1/15/2026	None	6,000			1.98% fixed
FHLB Principal Reducing Credit	6/26/2028	None	240			0.25% fixed
FHLB Principal Reducing Credit	7/17/2028	None	52			0.00% fixed
FHLB Principal Reducing Credit	8/18/2028	None	178			1.00% fixed
FHLB Principal Reducing Credit	8/22/2028	None	178			1.00% fixed
FHLB Principal Reducing Credit	12/20/2028	None	361			0.50% fixed
Trust Preferred Securities	1/23/2034	Quarterly by Company beginning 1/23/2009	20,620			3.46% at 6/30/2020 adjustable rate 3 month LIBOR + 2.70%
Trust Preferred Securities	6/15/2036	Quarterly by Company beginning 6/15/2011	25,774			1.70% at 6/30/2020 adjustable rate 3 month LIBOR + 1.39%
Trust Preferred Securities	1/7/2035	Quarterly by Company beginning 1/7/2010	10,310			3.22% at 6/30/2020 adjustable rate 3 month LIBOR + 2.00%
Total borrowings/ weighted average rate as of		June 30, 2020	$	114,869		1.54%
Unamortized discount on acquired borrowings			(2,670		)
Total borrowings			$	112,199



Description	Due date	Call Feature	December 31, 2019			Interest Rate
FHLB Term Note	1/30/2020	None	$	100,000		1.70% fixed
FHLB Term Note	1/31/2020	None	68,000			1.70% fixed
FHLB Term Note	1/31/2020	None	30,000			1.70% fixed
FHLB Term Note	5/29/2020	None	40,000			1.62% fixed
FHLB Principal Reducing Credit	7/24/2023	None	168			1.00% fixed
FHLB Principal Reducing Credit	12/22/2023	None	1,029			1.25% fixed
FHLB Principal Reducing Credit	1/15/2026	None	6,500			1.98% fixed
FHLB Principal Reducing Credit	6/26/2028	None	245			0.25% fixed
FHLB Principal Reducing Credit	7/17/2028	None	55			0.00% fixed
FHLB Principal Reducing Credit	8/18/2028	None	181			1.00% fixed
FHLB Principal Reducing Credit	8/22/2028	None	181			1.00% fixed
FHLB Principal Reducing Credit	12/20/2028	None	367			0.50% fixed
Trust Preferred Securities	1/23/2034	Quarterly by Company beginning 1/23/2009	20,620			4.64% at 12/31/2019 adjustable rate 3 month LIBOR + 2.70%
Trust Preferred Securities	6/15/2036	Quarterly by Company beginning 6/15/2011	25,774			3.28% at 12/31/2019 adjustable rate 3 month LIBOR + 1.39%
Trust Preferred Securities	1/7/2035	Quarterly by Company beginning 1/7/2010	10,310			3.99% at 12/31/2019 adjustable rate 3 month LIBOR + 2.00%
Total borrowings / weighted average rate as of December 31, 2019			$	303,430		2.12%
Unamortized discount on acquired borrowings			(2,759		)
Total borrowings			$	300,671