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Note 9 - Borrowings
 9 Months Ended
Sep. 30, 2022
Notes to Financial Statements  
Debt Disclosure [Text Block]

Note 9. Borrowings

 

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

 

   

September 30, 2022

    

December 31, 2021

  
           

Weighted

            

Weighted

  

(Amounts in thousands)

  

Balance

    

Average Rate

    

Balance

    

Average Rate

  

Retail repurchase agreements

   $ 1,958       0.07 %   $ 1,536       0.07 %

 

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

 

As of September 30, 2022, the Company had no long-term borrowings.

 

Unused borrowing capacity with the FHLB totaled $422.61 million, net of FHLB letters of credit of $126.54 million, as of September 30, 2022. As of September 30, 2022, the Company pledged $736.92 million in qualifying loans to secure the FHLB borrowing capacity.