XML 26 R16.htm IDEA: XBRL DOCUMENT v3.21.1

Note 8 - Borrowings

3 Months Ended

Mar. 31, 2021

Notes to Financial Statements

Debt Disclosure [Text Block]

Note 8. Borrowings

The following table presents the components of borrowings as of the dates indicated:

		March 31, 2021								December 31, 2020
						Weighted								Weighted
(Amounts in thousands)		Balance				Average Rate				Balance				Average Rate
Retail repurchase agreements		$	1,519				0.07	%		$	964				0.32	%

Repurchase agreements are secured by certain securities that remain under the Company’s control during the terms of the agreements.

As of March 31, 2021, the Company had no long-term borrowings.

Unused borrowing capacity with the FHLB totaled $267.02 million, net of FHLB letters of credit of $179.17 million, as of March 31, 2021. As of March 31, 2021, the Company pledged $784.76 million in qualifying loans to secure the FHLB borrowing capacity.

The Company maintained 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 matured in April 2021. There was no outstanding balance on the line as of March 31, 2021, or December 31, 2020.

X

- 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

Name:	us-gaap_DebtDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureTextBlockAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration