Borrowings consist of the following:
| | | March 31, 2018 | | | December 31, 2017 | | | | | Balance | | | Weighted Average Rate | | | Balance | | | Weighted Average Rate | | | | | (Dollars in Thousands) | | Short term: | | | | | | | | | | | | | Repurchase agreement | | $ | 19,365 | | | | 4.63 | % | | $ | 11,285 | | | | 4.32 | % | Federal Home Loan Bank, Chicago advances | | | 10,000 | | | | 1.80 | % | | | 35,000 | | | | 1.28 | % | | | | | | | | | | | | | | | | | | | Long term: | | | | | | | | | | | | | | | | | Federal Home Loan Bank, Chicago advances maturing: | | | | | | | | | | | | | | | | | 2018 | | | 50,000 | | | | 3.04 | % | | | 65,000 | | | | 2.97 | % | 2021 | | | 100,000 | | | | 0.78 | % | | | 100,000 | | | | 0.78 | % | 2027 | | | 175,000 | | | | 1.38 | % | | | 175,000 | | | | 1.38 | % | 2028 | | | 80,000 | | | | 2.24 | % | | | - | | | | - | | | | | $ | $ 434,365 | | | | 1.61 | % | | $ | $ 386,285 | | | | 1.57 | % |
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