Borrowings (Tables)

3 Months Ended

Mar. 31, 2020

The Corporation had long-term debt outstanding as follows:



In thousands	March 31, 2020		December 31, 2019
FHLB advances	$	55,716	$	58,716
Loan payable to local bank	1,707		1,830
Loan payable to local bank	600		750
Loan payable variable rate	2,700		—
Trust preferred subordinated debt	5,000		5,000
Trust preferred subordinated debt	6,000		—
	$	71,723	$	66,296

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details