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Federal Home Loan Bank Advances
12 Months Ended
Dec. 31, 2014
Banking and Thrift [Abstract]  
Federal Home Loan Bank Advances

Note 9 – Federal Home Loan Bank Advances

The Bank has had various loans from the Federal Home Loan Bank. Repayment structures vary, ranging from monthly installments, annual payments or upon maturity. Interest payments are due monthly. Total borrowings were $0.0 million and $4.5 million for December 31, 2014 and 2013, respectively. The advances were secured by $20.8 and $24.3 million of mortgage loans as of December 31, 2014 and 2013, respectively under a blanket collateral agreement.