HVBC 2016 Annual Report

21 As of June 30, 2017, the aggregate amount of our outstanding certificates of deposit in amounts greater than or equal to $100,000 was approximately $11.7 million. The following table sets forth the maturity of those certificates as of June 30, 2017. At June 30, 2017 (In thousands) Three months or less $ 1,082 Over three months through six months 663 Over six months through one year 2,267 Over one year to three years 6,229 Over three years 1,414 Total $ 11,655 Borrowings. We may obtain advances from the Federal Home Loan Bank of Pittsburgh upon the security of our capital stock in the Federal Home Loan Bank of Pittsburgh and certain of our mortgage loans. Such advances may be made pursuant to several different credit programs, each of which has its own interest rate and range of maturities. At June 30, 2017, we had $9.0 million in advances from the Federal Home Loan Bank of Pittsburgh. At June 30, 2017, based on available collateral and our ownership of Federal Home Loan Bank of Pittsburgh stock, we had access to Federal Home Loan Bank of Pittsburgh advances of up to $67.4 million. Additionally, at June 30, 2017, we had the ability to borrow $3.0 million from the Atlantic Community Bankers Bank and we maintained a line of credit equal to 95% of fair value of collateral held by the Federal Reserve Bank, which was $2.4 million at June 30, 2017. We have not borrowed against the credit lines with the Atlantic Community Bankers Bank or the Federal Reserve Bank during the year ended June 30, 2017. The following table sets forth information concerning balances and interest rates on our Federal Home Loan Bank advances at and for the periods shown: At or For the Years Ended June 30, 2017 2016 2015 (Dollars in thousands) Balance at end of year $ 9,000 $ 20,000 $ 7,000 Average balance during year $ 14,321 $ 8,863 $ 7,000 Maximum outstanding at any month end $ 20,000 $ 20,000 $ 7,000 Weighted average interest rate at end of year 1.20% 0.86% 0.78% Weighted average interest rate during year 1.03% 1.06% 0.86% We have also entered into overnight repurchase agreements, which are collateralized by mortgage-backed securities and collateralized mortgage obligations. The following table sets forth information concerning balances and interest rates on our securities sold under agreements to repurchase at and for the periods shown: At or For the Years Ended June 30, 2017 2016 2015 (Dollars in thousands) Balance at end of year $ 2,883 $ 3,929 $ 3,502 Average balance during year $ 1,935 $ 1,998 $ 2,854 Maximum outstanding at any month end $ 4,277 $ 3,929 $ 4,688 Weighted average interest rate at end of year 0.19% 0.08% 0.16% Weighted average interest rate during year 0.16% 0.15% 0.14%