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

 

  

June 30, 2024

  

December 31, 2023

 
      

Weighted

      

Weighted

 

(Amounts in thousands)

 

Balance

  

Average Rate

  

Balance

  

Average Rate

 

Retail repurchase agreements

 $894   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 June 30, 2024, or  December 31, 2023.

 

Unused borrowing capacity with the FHLB totaled $391.26 million, net of FHLB letters of credit of $120.23 million, as of June 30, 2024. As of June 30, 2024, the Company maintains $511.49 million in qualifying loans to secure the FHLB borrowing capacity.