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Federal Home Loan Bank Borrowings
3 Months Ended
Mar. 31, 2017
Federal Home Loan Bank Borrowings [Abstract]  
Federal Home Loan Bank Advances, Disclosure [Text Block]

10. Federal Home Loan Bank Borrowings

Total Federal Home Loan Bank (FHLB) borrowings and advances consist of the following (in thousands, except percentages):
 
 
 
 
 
At March 31, 2017
Type
 
Maturing
 
Amount
 
Weighted
Average Rate
Open Repo Plus
 
 
Overnight
 
 
$
33,676
 
 
 
0.95
Advances
 
 
2017
 
 
 
9,000
 
 
 
1.11
 
  
 
 
2018
 
 
 
12,000
 
 
 
1.48
 
  
 
 
2019
 
 
 
12,500
 
 
 
1.51
 
  
 
 
2020
 
 
 
11,542
 
 
 
1.60
 
  
 
 
2021 and over
 
 
 
1,000
 
 
 
1.60
 
Total advances
 
 
 
 
 
46,042
 
 
 
1.41
 
Total FHLB borrowings
 
 
 
 
$
79,718
 
 
 
1.22
 
 
 
 
 
At December 31, 2016
Type
 
Maturing
 
Amount
 
Weighted
Average Rate
Open Repo Plus
 
 
Overnight
 
 
$
12,754
 
 
 
0.74
Advances
 
 
2017
 
 
 
12,000
 
 
 
1.06
 
  
 
 
2018
 
 
 
12,000
 
 
 
1.48
 
  
 
 
2019
 
 
 
12,500
 
 
 
1.51
 
  
 
 
2020
 
 
 
8,042
 
 
 
1.59
 
  
 
 
2021 and over
 
 
 
1,000
 
 
 
1.60
 
Total advances
 
 
 
 
 
45,542
 
 
 
1.37
 
Total FHLB borrowings
 
 
 
 
$
58,296
 
 
 
1.23
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.