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Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2024

Short-Term Borrowings [Abstract]

Schedule of Short-Term Borrowings

Information regarding the Company’s short-term borrowings for the years ended December 31, 2024 and 2023 is summarized below:

		($ In Millions)
		2024				2023
Average Amount Outstanding		$	38.7			$	35.7
Weighted Average Interest Rate			6.33%				6.13%
Notes Payable at Year-End		$	23.0			$	42.8
Weighted Average Interest Rate at Year-End			5.63%				6.50%

Schedule of Lines of Credit

The Company maintains bank lines of credit aggregating $140.0 million.

		(In Millions)
		As of December 31, 2024														Line of Credit
		Outstanding				Available				Maximum				Credit Type		Expiration Date
Bank of America		$	—			$	60.0			$	60.0			Uncommitted		January 23, 2026
PNC Bank			23.0				45.0				68.0			Committed		January 31, 2027
CoBank, ACB (CoBank)			—				12.0				12.0			Committed		May 20, 2026
		$	23.0			$	117.0			$	140.0

X

- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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- Definition

Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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- References

No definition available.

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