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Long-term Debt
12 Months Ended
Dec. 31, 2015
Long-term Debt [Abstract]  
Long-term Debt

(12)         Long-term Debt

 

The Bank is a member of the FHLB and through its membership, the Bank can access a number of credit products, which are utilized to provide liquidity.  As of December 31, 2015 and 2014, the Bank had long-term debt in the amount of $40,305,000 and $52,961,000, respectively, consisting of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

At December 31,

 

2015

 

2014

Loans maturing in 2015 with rates ranging from 0.58% to 4.18%

$

 -

 

$

15,000 

Loans maturing in 2016 with rates ranging from 0.54% to 1.08% 

 

26,521 

 

 

25,000 

Loans maturing in 2017 at a rate of 3.03% 

 

1,016 

 

 

 -

Loan maturing in 2019 at a rate of 1.87%

 

10,000 

 

 

10,000 

Loan maturing in 2026 at a rate of 4.80%

 

2,703 

 

 

2,892 

Loan maturing in 2027 at a rate of 6.71%

 

65 

 

 

69 

 

$

40,305 

 

$

52,961 

 

 

The aggregate amounts due on long-term debt subsequent to December 31, 2015 are $26,724,000 (2016), $1,229,000 (2017), $223,000 (2018),  $10,235,000 (2019), $246,000 (2020), and $1,648,000 thereafter.