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Note 9 - Federal Funds Purchased | 12 Months Ended
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Dec. 31, 2024
Notes to Financial Statements |
Federal Funds Purchased [Text Block] |
NOTE 9. | FEDERAL FUNDS PURCHASED
At December 31, 2024, the Company had $1.91 billion in federal funds purchased from its correspondent banks that are clients of its correspondent banking unit, compared to $1.26 billion at December 31, 2023. Rates paid on these funds were between 4.42% and 4.50% as of December 31, 2024 and 5.40% and 5.50% as of December 31, 2023. At December 31, 2024, the Company had available lines of credit totaling approximately $537.0 million with various financial institutions for borrowing on a short-term basis, compared to $880.0 million at December 31, 2023. The Company had $80.0 million outstanding borrowings from these lines at December 31, 2024, compared to no outstanding borrowings from these lines at December 31, 2023.

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