Borrowings (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Remaining Borrowing Capacity with FHLB

Borrowings from the FHLB at December 31, 2015 and 2014 are as follows:


Interest Rate	Maturity		2015		2014
(a)		09/07/15	$	0	$	20,000
(b)		05/02/16		116,272		35,980
(c)		06/01/17		10,000		10,000
(d)		08/07/17		5,000		5,000
(e)		08/07/17		5,000		5,000
(f)		08/07/17		10,000		10,000
(g)		10/10/17		10,000		10,000
(h)		12/15/17		30,000		0
(i)		09/16/19		18,781		0
(j)		07/03/23		700		700
(k)		09/05/23		2,049		2,167
(l)		03/11/24		888		924
(m)		06/11/24		488		513
(n)		05/04/26		261		282
(o)		10/14/26		273		292
(p)		02/11/33		803		837


			$	210,515	$	101,695

(a) – Fixed rate borrowing at interest rate of 2.09%. Matured on September 7, 2015.

(b) – Open Repo borrowing at an interest rate of 0.43% at December 31, 2015 and 0.27% at December 31, 2014.

(c) – Interest rate was fixed at 4.60% until June 2009, since which time FHLB has had the option to convert to floating interest rate based on the 3 month LIBOR + 0.16%. The interest rate was 4.60% at December 31, 2015 and 2014.

(d) – Interest rate was fixed at 4.02% until February 2008, since which time FHLB has had the option to convert to a floating interest rate based on the 3 month LIBOR + 0.11%. The interest rate was 4.02% at December 31, 2015 and 2014.

(e) – Interest rate was fixed at 4.10% until August 2008, since which time FHLB has had the option to convert to a floating interest rate based on the 3 month LIBOR + 0.11%. The interest rate was 4.10% at December 31, 2015 and 2014.

(f) – Interest rate is fixed at 4.47% until August 2010, since which time FHLB has had the option to convert to a floating interest rate based on the 3 month LIBOR + 0.11%. The interest rate was 4.47% at December 31, 2015 and 2014.

(g) – Interest rate was fixed at 3.97% until October 2009, since which time FHLB has had the option to convert to a floating interest rate based on the 3 month LIBOR + 0.10%. The interest rate was 3.97% at December 31, 2015 and 2014.

(h) – Fixed rate borrowing at an interest rate of 1.25%, with monthly principal and interest payments.

(i) – Fixed rate borrowing at an interest rate of 1.35%, with monthly principal and interest payments.

(j) – Fixed rate borrowing at interest rate of 4.72%.

(k) – Fixed rate borrowing at an interest rate of 4.31%, with monthly principal and interest payments and a balloon payment due at maturity.

(l) – Fixed rate borrowing at an interest rate of 3.05%, with monthly principal and interest payments and a balloon payment due at maturity.

(m) – Fixed rate borrowing at an interest rate of 5.24%, with monthly principal and interest payments and a balloon payment due at maturity.

(n) – Fixed rate borrowing at an interest rate of 3.35%, with monthly principal and interest payments.

(o) – Fixed rate borrowing at an interest rate of 4.00%, with monthly principal and interest payments.

(p) – Fixed rate borrowing at an interest rate of 2.96%, with monthly principal and interest payments.

Maturity Schedule of All Borrowed Funds

The following is a schedule of maturities of all borrowed funds as of December 31, 2015:


2016	$	136,361
2017		70,351
2018		5,335
2019		4,130
2020		308
Thereafter		24,650


Total borrowed funds	$	241,135