ADVANCES FROM FEDERAL HOME LOAN BANK (Details) - USD ($) $ in Thousands |
12 Months Ended | |
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Dec. 31, 2019 |
Dec. 31, 2018 |
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Advances from the FHLB, Amount | ||
2020 | $ 211 | $ 231 |
Advances from the FHLB, Rate | ||
2020 | 1.00% | 1.00% |
Additional disclosures | ||
Eligible loans pledged as collateral for advances | $ 25,900 | $ 26,600 |
Average advances | $ 3,200 | $ 4,100 |
Average interest rate (as a percent) | 2.39% | 1.58% |
Maximum outstanding amount at any month end | $ 17,200 | $ 25,300 |
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- Definition The calculated average balance outstanding for the year for all Federal Home Loan Bank advances as of the Balance Sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The calculated weighted average interest rate for Federal Home Loan Bank advances for the period ended as of the Balance Sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The maximum balance outstanding at any month end during the period as of the Balance Sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- References No definition available.
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- References No definition available.
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- Definition The weighted average interest rate applicable to the Federal Home Loan Bank advances which are due from two to three years of the Balance Sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of advances from Federal Home Loan Bank (FHLBank) maturing in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The carrying amount, as of the date of the latest financial statement presented, of loans receivable which are owned but transferred to serve as collateral for the payment of FHLB debt obligations, and for which the transferee is not permitted to sell or re-pledge them to an unrelated party. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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