Short-Term And Long-Term Borrowings

12 Months Ended

Dec. 31, 2018

Short-Term And Long-Term Borrowings [Abstract]

Short-Term And Long-Term Borrowings

Note 8 – Short-term and Long-term Borrowings

The Bank has borrowing capacity with the FHLB of approximately $538.5 million, which includes a line of credit for $150.0 million. There were short-term borrowings of $54.0 million outstanding as of December 31, 2018 and no short-term FHLB advances outstanding as of the period ending December 31, 2017. There were no long-term loans outstanding with the FHLB as of December 31, 2018 and December 31, 2017.  All FHLB borrowings are secured by qualifying assets of the Bank.

The Bank also has a $10.0 million line of credit with ACBB, of which none was outstanding at December 31, 2018 and 2017. Advances from this line are unsecured.