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Borrowings
6 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Borrowings
BORROWINGS

At June 30, 2018, the Bank had secured borrowing potential with the Federal Home Loan Bank of New York (“FHLBNY”) for borrowings of up to $294.0 million and a $10.0 million line of credit at Atlantic Central Bankers Bank (“ACBB”).  The borrowings at the FHLBNY are secured by a pledge of qualifying residential and commercial mortgage loans, having an aggregate unpaid principal balance of approximately $294.0 million.  At June 30, 2018, the Bank had the ability to borrow up to $168.0 million at FHLBNY and $10.0 million at ACBB.
 
At June 30, 2018 and December 31, 2017, the Company had $157.9 million and $55.4 million, respectively, in short term advances at the FHLBNY, having weighted average interest rates of 2.12% and 1.58%, respectively.  The increase in short term advances at June 30, 2018 as compared to December 31, 2017 was to fund the Company's loan growth. These advances are priced at the federal funds rate plus a spread (generally between 20 and 30 basis points), re-price daily and mature within three months.

At June 30, 2018 the Company had $30.0 million in long-term fixed rate advances.