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Short-Term Borrowings
3 Months Ended
Mar. 31, 2020
Short-Term Borrowings.  
Short-Term Borrowings

9.    Short-Term Borrowings

At March 31, 2020, the Company had a $60 million unsecured revolving line of credit with a bank expiring November 5, 2020. The line of credit bears interest at the London Interbank Offered Rate (“LIBOR”) plus 0.75%. At March 31, 2020, there were no amounts outstanding on the line of credit. The highest balance on the line of credit during the quarter was $8.5 million.