Federal Home Loan Bank Borrowings

9 Months Ended

Sep. 30, 2018

Advances from Federal Home Loan Banks [Abstract]

Federal Home Loan Bank Advances, Disclosure [Text Block]

12. 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, 2018
Type	Maturing		Amount		Weighted Average Rate
Open Repo Plus		Overnight	$	61,254		2.38	%
Advances		2018		2,000		1.61
		2019		12,500		1.51
		2020		16,729		1.74
		2021		6,496		1.98
		2022		3,820		2.78
		2023 and over		1,000		2.86
Total advances				42,545		1.82
Total FHLB borrowings			$	103,799		2.15	%

	At December 31, 2017
Type	Maturing		Amount		Weighted Average Rate
Open Repo Plus		Overnight	$	49,084		1.54	%
Advances		2018		12,000		1.48
		2019		12,500		1.51
		2020		16,729		1.74
		2021		5,000		1.75
Total advances				46,229		1.61
Total FHLB borrowings			$	95,313		1.57	%

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, commercial real estate, and commercial and industrial 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.