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BORROWINGS
3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
BORROWINGS
BORROWINGS

At March 31, 2019, the Bank had secured borrowing potential with the Federal Home Loan Bank of New York (“FHLBNY”) for borrowings of up to $343.7 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 $343.7 million.  At March 31, 2019, the Bank had the ability to borrow up to $183.4 million at FHLBNY and $10.0 million at ACBB.
 
At March 31, 2019 and December 31, 2018, the Company had $114.8 million and $175.3 million, respectively, in short term advances at the FHLBNY, having weighted average interest rates of 2.67% and 2.66%, respectively.  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.

As of March 31, 2019 and December 31, 2018, respectively, the Company had $36.7 million and $44.6 million in long-term fixed rate advances.