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Note 8 - Borrowings
 3 Months Ended
Mar. 31, 2024
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, 2024

    

December 31, 2023

  
           

Weighted

            

Weighted

  

(Amounts in thousands)

  

Balance

    

Average Rate

    

Balance

    

Average Rate

  

Retail repurchase agreements

   $ 1,006       0.05 %   $ 1,119       0.06 %

 

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

 

The Company had no long-term borrowings as of March 31, 2024, or  December 31, 2023.

 

Unused borrowing capacity with the FHLB totaled $402.00 million, net of FHLB letters of credit of $123.34 million, as of March 31, 2024. As of March 31, 2024, the Company maintains $525.34 million in qualifying loans to secure the FHLB borrowing capacity.