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LONG-TERM DEBT (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
The following table presents components of the Company’s long-term debt at December 31, 2019, and 2018.
 
 AmountWeighted Average rate
2019201820192018
FHLB fixed rate advances maturing:
2020$40,350  $40,350  1.76 %1.76 %
202220,000  —  3.06 %— %
60,350  40,350  2.19 %1.76 %
FHLB amortizing advance requiring monthly principal and interest payments, maturing:
20252,717  3,100  4.74 %4.74 %
Total FHLB Advances$63,067  $43,450  2.30 %1.92 %
Summary of Future Principal Payments Required
The following table summarizes the future annual principal payments required on these borrowings at December 31, 2019.
 
2020$40,751  
2021421  
202220,441  
2023462  
2024484  
Thereafter508  
$63,067