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Note 9 - Borrowings
 6 Months Ended
Jun. 30, 2023
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, 2023

    

December 31, 2022

  
           

Weighted

            

Weighted

  

(Amounts in thousands)

  

Balance

    

Average Rate

    

Balance

    

Average Rate

  

Retail repurchase agreements

   $ 1,348       0.06 %   $ 1,874       0.07 %

 

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

 

As of June 30, 2023, the Company had no long-term borrowings.

 

Unused borrowing capacity with the FHLB totaled $405.85 million, net of FHLB letters of credit of $113.99 million, as of June 30, 2023. As of June 30, 2023, the Company maintains $519.83 million in qualifying loans to secure the FHLB borrowing capacity.