Short-Term Borrowings and Advances from Federal Home Loan Bank |
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Short-Term Borrowings and Advances from Federal Home Loan Bank | 11. Short-Term Borrowings and Advances from Federal Home Loan Bank Total short-term and Federal Home Loan Bank (FHLB) borrowings and advances consist of the following (in thousands, except percentages):
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. |