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Note 8 - Borrowings
 6 Months Ended
Jun. 30, 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:

 

  

June 30, 2021

  

December 31, 2020

 
      

Weighted

      

Weighted

 

(Amounts in thousands)

 

Balance

  

Average Rate

  

Balance

  

Average Rate

 

Retail repurchase agreements

 $994   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 June 30, 2021, the Company had no long-term borrowings.

 

Unused borrowing capacity with the FHLB totaled $255.22 million, net of FHLB letters of credit of $176.82 million, as of June 30, 2021. As of June 30, 2021, the Company pledged $761.90 million in qualifying loans to secure the FHLB borrowing capacity.