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Borrowings (Tables)
12 Months Ended
Dec. 31, 2019
Borrowings [Abstract]  
Schedule of borrowings

 

 

 

 

 

 

 

 

 

    

2019

    

2018

Amount outstanding at year-end:

 

 

(dollars in thousands)

FHLB advances

 

$

35,000

 

$

70,000

 

Commercial note payable

 

 

 —

 

 

3,500

 

Weighted-average interest rate at year-end:

 

 

  

 

 

  

 

FHLB advances

 

 

1.92

%  

 

2.27

%  

Commercial note payable

 

 

 —

%  

 

4.25

%

Maximum outstanding at any month-end:

 

 

  

 

 

  

 

FHLB advances

 

$

70,000

 

$

96,000

 

Commercial note payable

 

 

3,500

 

 

3,500

 

Average outstanding:

 

 

  

 

 

  

 

FHLB advances

 

$

50,897

 

$

87,669

 

Commercial note payable

 

 

3,433

 

 

3,500

 

Weighted-average interest rate during the year:

 

 

  

 

 

  

 

FHLB advances

 

 

1.74

%  

 

2.17

%

Commercial note payable

 

 

4.20

%  

 

5.04

%

 

Maturities of long-term advances

 

 

 

 

 

Principal

    

 

    

 

Amount (in thousands)

 

Rate

 

Maturity

$
25,000

 

1.75% to 1.92%

 

2020

10,000

 

2.19%

 

2022

$
35,000