Borrowings (Tables)

12 Months Ended

Dec. 31, 2015

Borrowings [Abstract]

Borrowings

Borrowings at December 31, 2015 and 2014 consisted of the following:

	December 31, 2015
Federal Home Loan Bank Advances
Due January, 2016, Fixed Rate 0.24%	$	3,300,000
Due January, 2016, Fixed Rate 0.40%		5,000,000
Due January, 2016, Fixed Rate 0.38%		15,000,000
Due January, 2016, Fixed Rate 0.35%		5,100,000
Due June, 2016, Fixed Rate 0.73%		10,000,000
Due December, 2016, Daily  Rate 0.49%		13,600,000
Atlantic Central Bankers Bank Advances
Due November, 2016, Fixed Rate 4.00%		300,000
Total	$	52,300,000
As of and for the Year Ended December 31, 2015
Weighted average interest rate at year end:
Federal Home Loan Bank overnight advance		0.490	%
Federal Home Loan Bank short term advances		0.458	%
Atlantic Central Bankers Bank advances		4.000	%
Maximum amount outstanding at month end during the year:
Federal Home Loan Bank overnight advance	$	15,100,000
Federal Home Loan Bank short term advances	$	38,400,000
Atlantic Central Bankers Bank advances	$	300,000
Average amount outstanding during the year:
Federal Home Loan Bank overnight advance	$	7,766,849
Federal Home Loan Bank short term advances	$	15,581,644
Atlantic Central Bankers Bank advances	$	200,018
Weighted average interest rate during the year:
Federal Home Loan Bank overnight advance		0.380	%
Federal Home Loan Bank short term advances		0.228	%
Atlantic Central Bankers Bank advances		4.425	%