Short-term Borrowings	9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]
Short-term Borrowings	Short-term borrowings: At September 30, 2024, the Bank did not have any short-term advances from the Federal Home Loan Bank (“FHLB”). At December 31, 2023, the Bank had $70.0 million of short-term advances from the FHLB, which were at an interest rate of 5.41%. This short-term borrowing was borrowed using the FHLB's overnight repurchase advance program, as this product allows the most flexibility to meet the Bank's varying liquidity needs. These FHLB advances were secured by pledged assets which are described in the following Long-Term Borrowings footnote. In addition, the Bank had $285.0 million in short-term borrowings at both September 30, 2024 and December 31, 2023. The current borrowing matures in January 2025 and has a fixed interest rate of 4.76%. These borrowings are secured by securities with a par value of $288.0 million. The Bank has access to a line of credit for $25.0 million at a major domestic bank that is below prime rate. The line and terms are periodically reviewed by the lending bank and is generally subject to withdrawal at their discretion. There were no outstanding borrowings under this line at September 30, 2024, or December 31, 2023. Farmers has one unsecured revolving line of credit for $5.0 million. This line can be renewed annually and has an interest rate of prime with a floor of 3.5%. There was no outstanding balance on this line at either September 30, 2024, or December 31, 2023.

Short-term Borrowings

9 Months Ended

Sep. 30, 2024

Short-term borrowings:

At September 30, 2024, the Bank did not have any short-term advances from the Federal Home Loan Bank (“FHLB”). At December 31, 2023, the Bank had $70.0 million of short-term advances from the FHLB, which were at an interest rate of 5.41%. This short-term borrowing was borrowed using the FHLB's overnight repurchase advance program, as this product allows the most flexibility to meet the Bank's varying liquidity needs. These FHLB advances were secured by pledged assets which are described in the following Long-Term Borrowings footnote.

In addition, the Bank had $285.0 million in short-term borrowings at both September 30, 2024 and December 31, 2023. The current borrowing matures in January 2025 and has a fixed interest rate of 4.76%. These borrowings are secured by securities with a par value of $288.0 million.

The Bank has access to a line of credit for $25.0 million at a major domestic bank that is below prime rate. The line and terms are periodically reviewed by the lending bank and is generally subject to withdrawal at their discretion. There were no outstanding borrowings under this line at September 30, 2024, or December 31, 2023.

Farmers has one unsecured revolving line of credit for $5.0 million. This line can be renewed annually and has an interest rate of prime with a floor of 3.5%. There was no outstanding balance on this line at either September 30, 2024, or December 31, 2023.