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Other Borrowed Funds
6 Months Ended
Jun. 30, 2023
Other Borrowed Funds  
Other Borrowed Funds

Note 7 — Other Borrowed Funds

Other borrowed funds include FHLB borrowings, which are short-term and long-term borrowings issued by the FHLB of Dallas at the market price offered at the time of funding. These borrowings are secured by residential mortgage-backed investment securities and a portion of our loan portfolio. At June 30, 2023, other borrowed funds totaled $10,845,000 compared to $10,944,000 at December 31, 2022.