Borrowings

9 Months Ended

Sep. 30, 2020

Borrowings at September 30, 2020 and December 31, 2019 were as follows (dollars in thousands):


	September 30, 2020				December 31, 2019
	Amount		Rate		Amount		Rate


FHLB long-term advances	$	31,999	2.75	%	$	40,994	2.55	%
	$	31,999	2.75	%	$	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 $290 million and $283 million at September 30, 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 September 30, 2020 was approximately $167.5 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.