NOTE 11 – BORROWINGS

At December 31, 2019, the Bank had secured borrowing potential with the Federal Home Loan Bank of New York (“FHLBNY”) for borrowings of up to $320.3 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 $320.3 million. At December 31, 2019, the Bank had the ability to borrow up to $143.7 million at FHLBNY and $10.0 million at ACBB.

At December 31, 2019 and 2018, the Company had $193.0 million and $175.3 million, respectively, in short term advances at the FHLBNY, having weighted average interest rates of 1.81% and 2.66%, respectively. These advances are priced at the federal funds rate plus a spread (generally between 10 and 30 basis points), re-price daily and mature within three months.

At December 31, 2019 and 2018 the Bank had the following long-term fixed rate borrowings:


(Dollars in thousands)	Borrowing	Interest		Balance at December 31,
Maturity Date	Institution	Rate		2019		2018
January 8, 2019	FHLBNY	1.68	%	$	—	$	1,000
February 4, 2019	FHLBNY	1.53	%		—		5,000
February 8, 2019	FHLBNY	1.70	%		—		1,000
March 18, 2019	FHLBNY	1.45	%		—		949
April 8, 2019	FHLBNY	1.73	%		—		1,170
May 30, 2019	FHLBNY	1.91	%		—		1,005
May 7, 2019	FHLBNY	2.39	%		—		1,250
June 12, 2019	FHLBNY	1.52	%		—		1,000
July 30, 2019	FHLBNY	2.19	%		—		1,000
August 2, 2019	FHLBNY	1.05	%		—		2,500
September 30, 2019	FHLBNY	2.21	%		—		1,000
October 30, 2019	FHLBNY	2.22	%		—		746
November 8, 2019	FHLBNY	2.38	%		—		1,000
December 9, 2019	FHLBNY	2.39	%		—		1,000
January 15, 2020	FHLBNY	1.66	%		5,000		5,000
March 9, 2020	FHLBNY	2.43	%		1,000		1,000
May 7, 2020	FHLBNY	2.68	%		1,045		1,045
May 7, 2020	FHLBNY	2.68	%		308		308
June 12, 2020	FHLBNY	1.69	%		741		741
June 15, 2020	FHLBNY	2.69	%		1,000		1,000
July 14, 2020	FHLBNY	2.70	%		789		789
July 14, 2020	FHLBNY	2.70	%		520		520
September 8, 2020	FHLBNY	2.51	%		680		680
October 5, 2020	FHLBNY	1.78	%		5,000		5,000
December 23, 2020	FHLBNY	2.79	%		852		852
January 20, 2021	FHLBNY	2.07	%		5,000		5,000
March 23, 2021	FHLBNY	2.83	%		1,200		1,200
June 23, 2021	FHLBNY	3.07	%		2,000		2,000
July 19, 2022	FHLBNY	2.10	%		5,000		—
July 19, 2023	FHLBNY	2.13	%		5,000		—
August 7, 2024	FHLBNY	1.81	%		5,000		—
Fair value adjustment on acquired borrowings					(21)		(144)
				$	40,114	$	44,611

Maturities of long-term debt in years subsequent to December 31, 2019 are as follows:


(Dollars in thousands)
Within one year	$	16,914
One to two years		8,200
Two to three years		5,000
Three to four years		5,000
Four to five years		5,000
After five years		—
	$	40,114

At December 31, 2019 the Company had $40.1 million in long-term fixed rate advances of which $16.9 million matures within one year.