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Note 13 - Short-term Borrowings | 12 Months Ended
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Dec. 31, 2024
Notes to Financial Statements |
Short-Term Debt [Text Block] | NOTE 13 Short-Term Borrowings Short-term borrowings at December 31, 2024, 2023, and 2022 consisted of the following:
|  | Year ended |
|  | December 31, |
(dollars in thousands) |  | 2024 |  |  | 2023 |
Fed funds purchased |  |  |  |  |  |  |  |
Balance as of end of period |  | $ | 38,960 |  |  | $ | 114,170 |
Average daily balance |  |  | 249,180 |  |  |  | 287,768 |
Maximum month-end balance |  |  | 373,350 |  |  |  | 492,060 |
Weighted-average rate |  |  |  |  |  |  |  |
During period |  |  | 4.95 | % |  |  | 5.31 | %
End of period |  |  | 4.71 | % |  |  | 5.51 | %
FHLB short-term advances |  |  |  |  |  |  |  |
Balance as of end of period |  | $ | 200,000 |  |  | $ | 200,000 |
Average daily balance |  |  | 200,000 |  |  |  | 113,973 |
Maximum month-end balance |  |  | 200,000 |  |  |  | 200,000 |
Weighted-average rate |  |  |  |  |  |  |  |
During period |  |  | 5.46 | % |  |  | 5.39 | %
End of period |  |  | 4.63 | % |  |  | 5.50 | %
The Company had outstanding credit capacity with the FHLB of $1.2 billion and $706.6 million at December 31, 2024 and 2023, respectively, secured by pledged loans and investment securities. The Company also had $87.0 million of unsecured federal funds agreements with correspondent banks with outstanding balances of $15.0 million at December 31, 2024 and no outstanding balances at December 31, 2023. The Company has an unused $20.0 million unsecured line of credit with Bank of North Dakota.

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
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