Federal Home Loan Bank Borrowings

9 Months Ended

Sep. 30, 2015

Federal Home Loan Bank Borrowings [Abstract]

Federal Home Loan Bank Borrowings

10. Federal Home Loan Bank Borrowings

Total Federal Home Loan Bank (FHLB) borrowings and advances consist of the following (in thousands, except percentages):

	At September 30, 2015
					Weighted
Type	Maturing		Amount		Average Rate
Open Repo Plus		Overnight	$	52,988		0.34	%
Advances		2015		1,000		0.50
		2016		12,000		0.81
		2017		12,000		1.06
		2018		12,000		1.48
		2019 and over		11,000		1.72
Total advances				48,000		1.24
Total FHLB borrowings			$	100,988		0.77	%

	At December 31, 2014
					Weighted
Type	Maturing		Amount		Average Rate
Open Repo Plus		Overnight	$	38,880		0.27	%
Advances		2015		4,000		0.52
		2016		12,000		0.81
		2017		12,000		1.06
		2018		10,000		1.51
		2019 and over		4,000		1.88
Total advances				42,000		1.12
Total FHLB borrowings			$	80,880		0.71	%

The rate on Open Repo Plus advances can change daily, while the rates on the advances are fixed until the maturity of the advance. All FHLB stock along with an interest in certain residential mortgage and CRE loans with an aggregate statutory value equal to the amount of the advances are pledged as collateral to the FHLB of Pittsburgh to support these borrowings.