Long term debt consists of 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 $18.0 million excluding $164 thousand for fair value related to the acquisition for December 31, 2020 compared to $25.5 million excluding $0.7 thousand for fair value for December 31, 2019. The advances were secured by a pledge of $38.0 and $42.1 million of mortgage loans as of December 31, 2020 and 2019, respectively under a blanket collateral agreement.

The advances are subject to pre-payment penalties and the provisions and conditions of the credit policy of the Federal Home Loan Bank.

The Bank had access to $148.1 million unsecured borrowings through correspondent banks as of both December 31, 2020 and December 31, 2019. The Bank had unpledged securities, which could be sold or used as collateral, of $206.7 million and $116.3 million at the end of the same time periods, respectively. An additional $7.4 million at December 31, 2020, and $1.6 million at December 31, 2019, were available from the Federal Home Loan Bank based on current pledging. The table below shows the maturities of the borrowings exclusive of the fair value.

	(In Thousands)
2021	$	-
2022		1,546
2023		1,500
2024		11,500
2025		1,500
Thereafter		1,980
Total	$	18,026