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Borrowings and Line of Credit | 3 Months Ended
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Mar. 31, 2021
Borrowings and Line of Credit [Abstract] |
Borrowings and Line of Credit | Note 7. Borrowings and Line of Credit Borrowings: At March 31, 2021, total borrowings were $82.6 million compared to $81.2 million at December 31, 2020. Borrowings consist of the following (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
​ | ​ | 2021 | ​ | 2020
Securities sold under customer repurchase agreements |  | $ | 7,250 | ​ | $ | 5,803
FHLB borrowings | ​ | ​ | 75,000 | ​ | ​ | 75,000
Other borrowings | ​ | ​ | 392 | ​ | ​ | 396
Total |  | $ | 82,642 | ​ | $ | 81,199
​ Securities Sold Under Agreements to Repurchase: At March 31, 2021 and December 31, 2020, the Company had securities sold under agreements to repurchase of $7.3 million and $5.8 million, respectively, with commercial checking customers which were secured by government agency securities. The carrying value of investment securities pledged as collateral under repurchase agreements was $6.8 million and $7.6 million at March 31, 2021 and December 31, 2020, respectively. Line of Credit: The Company has a Loan and Security Agreement and revolving note with ServisFirst Bank, pursuant to which ServisFirst Bank has made a $25.0 million revolving line of credit available to the Company. The maturity of the line of credit is September 24, 2021. At March 31, 2021, there was no outstanding balance under the line of credit, and the entire amount of the line of credit remained available to the Company.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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