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Note 10 - Borrowings | 9 Months Ended
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Sep. 30, 2020
Notes to Financial Statements |
Debt Disclosure [Text Block] | Note 10. Borrowings The following table presents the components of borrowings as of the dates indicated:
|  | September 30, 2020 |  |  | December 31, 2019 |
|  |  |  |  |  | Weighted |  |  |  |  |  |  | Weighted |
(Amounts in thousands) |  | Balance |  |  | Average Rate |  |  | Balance |  |  | Average Rate |
Retail repurchase agreements |  | $ | 956 |  |  |  | 0.14 | % |  | $ | 1,601 |  |  |  | 0.14 | %
Repurchase agreements are secured by certain securities that remain under the Company’s control during the terms of the agreements. As of September 30, 2020, the Company had no long-term borrowings. Unused borrowing capacity with the FHLB totaled $322.82 million, net of FHLB letters of credit of $169.64 million, as of September 30, 2020. As of September 30, 2020, the Company pledged $891.45 million in qualifying loans to secure the FHLB borrowing capacity. The Company maintains a $15.00 million unsecured, committed line of credit with an unrelated financial institution with an interest rate of one-month LIBOR plus 2.00% that matures in April 2021. There was no outstanding balance on the line as of September 30, 2020 or December 31, 2019.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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