Borrowings

Borrowings at March 31, 2020 and December 31, 2019 were as follows (dollars in thousands):



	March 31, 2020				December 31, 2019
	Amount		Rate		Amount		Rate
FHLB long-term advances	35,996		2.63	%	40,994		2.55	%
	$	35,996	2.63	%	$	40,994	2.55	%

All advances from the Federal Home Loan Bank ("FHLB") of Cincinnati, both long-term and short-term, are secured by a blanket pledge of LCNB's 1-4 family first lien mortgage loans in the amount of approximately $280 million and $283 million at March 31, 2020 and December 31, 2019, respectively. Additionally, LCNB is required to hold minimum levels of FHLB stock, based on the outstanding borrowings. Total remaining borrowing capacity at March 31, 2020 was approximately $93.4 million. One of the factors limiting remaining borrowing capacity is ownership of FHLB stock. LCNB could increase its remaining borrowing capacity by purchasing additional FHLB stock.