Federal Home Loan Bank Advances

12 Months Ended

Dec. 31, 2018

Advances from Federal Home Loan Banks [Abstract]

At December 31, 2018 and 2017, United had FHLB advances totaling $160 million and $505 million, respectively. At December 31, 2018, the weighted average interest rate on FHLB advances was 2.52%, compared to 1.59% as of December 31, 2017. The FHLB advances are collateralized by owner occupied and income producing commercial real estate and residential mortgage loans, investment securities and FHLB stock.

At December 31, 2018, the maturities and current rates of outstanding advances were as follows (in thousands):



Maturing In:	Amount Maturing		Current Rate Range
2019	$	160,000	2.51% - 2.53%
Total	$	160,000