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Note 7 - Borrowings
 6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Debt Disclosure [Text Block]

Note 7. Borrowings

 

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

 

  

June 30, 2025

  

December 31, 2024

 
      

Weighted

      

Weighted

 

(Amounts in thousands)

 

Balance

  

Average Rate

  

Balance

  

Average Rate

 

Retail repurchase agreements

 $1,016   0.06% $906   0.05%

 

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, 2025, or  December 31, 2024.

 

Unused borrowing capacity with the FHLB totaled $326.43 million, net of FHLB letters of credit of $122.57 million, as of June 30, 2025. As of June 30, 2025, the Company maintains $449.01  million in qualifying loans to secure the FHLB borrowing capacity.