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Note 10 - Other Borrowings | 12 Months Ended
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Dec. 31, 2024
Notes to Financial Statements |
Short-Term Debt [Text Block] |
NOTE 10. | OTHER BORROWINGS
Other borrowings are comprised of:
| ● | $30.0 million on the Company’s 4.5% Subordinated Notes due November 8, 2027, which were issued in a private placement in November 2017 and pay interest semi-annually. The Notes may be prepaid by the Company.
| ● | $34.75 million of the Company’s 4% Subordinated Notes due October 21, 2030, which were issued in a private placement in October 2020 and pay interest semi-annually. The Notes may not be prepaid by the Company prior to October 21, 2025.
Debt is reported net of unamortized issuance costs of $7,000 and $15,000 as of December 31, 2024 and 2023, respectively.

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