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Letters of Credit | 12 Months Ended
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Dec. 31, 2023
Letters of Credit [Abstract] |
Letters of Credit |
Note 11: | Letters of Credit
The Bank has entered into an arrangement with the FHLB resulting in the FHLB issuing letters of credit on behalf of the Bank with the resulting beneficiary being certain public funds in connection with these deposits. Outstanding letters of credit to secure these public funds at December 31, 2023 and 2022 were $400,000 and $800,000, respectively. Loans with a collateral value of approximately $159.6 million and $130.0 million were used to secure the letters of credit at December 31, 2023 and 2022, respectively.

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- Definition The entire disclosure for information about letters of credit. + References No definition available. + Details
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