(10)	COMMITMENTS AND CONTINGENCIES

At September 30, 2018, the Bank had $31.8 million in outstanding commitments on revolving home equity lines of credit, $16.0 million in outstanding commitments on revolving personal lines of credit and $47.7 million in commitments to originate loans and undisbursed commitments on commercial lines of credit of $57.8 million. At September 30, 2018, the Company had $355,000 in standby letters of credit outstanding.

At September 30, 2018, the Company has $38.2 million in times deposits greater than $100,000 but less than $250,000 that are schedule to mature in one year or less and $57.3 million in time deposits with balances equal to or greater than $250,000 that are scheduled to mature in one year or less. Management believes that a significant percentage of such deposits will remain with the Bank.

The Bank’s FHLB borrowings are secured by a blanket security agreement pledging the Bank’s 1-4 family first mortgage loans and non-residential real estate loans. At September 30, 2018 and December 31, 2017, the Bank has pledged all eligible 1-4 family first mortgages. At September 30, 2018 and December 31, 2017, the Bank has outstanding borrowings of $33.0 million and $23.0 million, respectively, from the FHLB. A schedule of FHLB borrowings at September 30, 2018 is provided below:


Outstanding Balance		Rate			Maturity
		(Dollars in Thousands, Except Percentages)
$	7,000		1.55	%		1/10/2019
	5,000		2.56			7/10/2019
	5,000		1.73			1/10/2020
	5,000		2.84			7/10/2020
	5,000		1.92			10/6/2020
	6,000		3.01			7/6/2023

$	33,000		2.25

A schedule of FHLB borrowings at December 31, 2017 is provided below:


Outstanding Balance		Rate			Maturity
		(Dollars in Thousands, Except Percentages)
$	5,000		0.88	%		10/06/2017
	6,000		1.18			07/06/2018
	7,000		1.55			01/10/2019
	5,000		1.73			01/10/2020

$	23,000		1.35

The Federal Home Loan Bank of Cincinnati has issued letters of credit in the Bank’s name totaling $47.6 million secured by the Bank’s loan portfolio to secure additional municipal deposits. At September 30, 2018, securities with a book value of $39.3 million and a fair market value of $38.1 million were sold under agreements to repurchase from various customers.

The Company is a party to certain ordinary course litigation, and the Company intends to vigorously defend itself in all such matters. In the opinion of the Company, based on review and consultation with legal counsel, the outcome of such ordinary course litigation should not have a material adverse effect on the Company’s consolidated financial statements or results of operations.