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Long Term Debt (Tables)
9 Months Ended
Sep. 30, 2016
Advances of Long Term Debt

The five advances are shown in the following table.

 

                   Current     Maturity  

Description

   Balance      Originated      Interest Rate     Date  

Adjustable Rate Hybrid

   $ 10,000,000         4/12/2013         3.04910     4/13/2020   

Fixed Rate Credit

     5,000,000         10/20/2015         0.52000     10/20/2016   

Fixed Rate Credit

     5,000,000         12/21/2015         0.99000     6/15/2017   

Fixed Rate Credit

     5,000,000         12/22/2015         1.08000     9/15/2017   
  

 

 

         
   $ 25,000,000           
  

 

 

         
Subordinated Debt
(Dollars in thousands)    Balance as of  
     September 30, 2016  

6.5% Subordinated Debt

   $ 7,000   

Less: Issuance costs

     (144
  

 

 

 
   $ 6,856