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FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS
3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS

5.  FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS

Advances from the FHLB totaled $105.0 million with a weighted average interest rate of 3.20 percent and $108.0 million with a weighted average interest rate of 3.17 percent at March 31, 2019 and December 31, 2018, respectively.

At March 31, 2019, advances totaling $105.0 million with a weighted average interest rate of 3.20 percent had fixed maturity dates. The fixed maturity date advances at December 31, 2018 totaled $108.0 million with a weighted average interest rate of 3.17 percent.  The fixed rate advances are secured by blanket pledges of certain 1-4 family residential mortgages totaling $506.5 million, multifamily mortgages totaling $824.3 million and securities totaling $46.7 million at March 31, 2019, while at December 31, 2018, the fixed rate advances are secured by blanket pledges of certain 1-4 family residential mortgages totaling $496.1 million, multifamily mortgages totaling $1.0 billion and securities totaling $58.5 million.

   

The final maturity dates of the FHLB advances are scheduled as follows:

 

(In thousands)

 

 

 

 

2021

 

$

60,000

 

2022

 

 

20,000

 

2023

 

 

25,000

 

Total

 

$

105,000

 

 

   

There were no overnight borrowings with the FHLB as of March 31, 2019 and December 31, 2018.  At March 31, 2019, unused short-term overnight borrowing commitments totaled $1.3 billion from FHLB, $22.0 million from correspondent banks and $1.4 billion at the Federal Reserve Bank of New York.