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Note 10 - Short-term Borrowings | 12 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Short-term Debt [Text Block] |
10. | SHORT-TERM BORROWINGS
For the year ended December 31, outstanding balances and related information of short-term borrowings, which includes securities sold under agreements to repurchase and short-term borrowings from other banks, are summarized as follows:
(Dollar amounts in thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Balance at year-end |  |  | - |  |  | $ | 5,075 |  |  | $ | 90,398 |
Average balance outstanding |  |  | 22,637 |  |  |  | 14,808 |  |  |  | 42,231 |
Maximum month-end balance |  |  | 62,329 |  |  |  | 92,000 |  |  |  | 101,857 |
Weighted-average rate at year-end |  |  | N/A |  |  |  | 1.66 | % |  |  | 2.53 | %
Weighted-average rate during the year |  |  | 0.35 | % |  |  | 2.49 | % |  |  | 1.99 | %
Average balances outstanding during the year represent daily average balances, and average interest rates represent interest expense divided by the related average balance. The Company maintains a $6.0 million line of credit at an adjustable rate, currently 3.50%, a $10.0 million line of credit at an adjustable rate, currently at 3.40%, and a $4.0 million line of credit at an adjustable rate, currently 3.64%. At December 31, 2020, and 2019, there were no outstanding borrowings under these lines of credit. The additional borrowing capacity on FHLB advances was $401.7 million and $87.0 million at December 31, 2020 and 2019, respectively.

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- Definition The entire disclosure for short-term debt. + 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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