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Note 8 - Other Borrowings
12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Other Borrowings [Text Block]
Note
8.
Other Borrowings
 
The Company had an unsecured line of credit totaling
$5.0
million with a non-affiliated bank at
December 31, 2019.
There were
no
borrowings outstanding on the line of credit at
December 31, 2019.
The interest rate on the line of credit floats at Wall Street Journal Prime Rate plus
0.25%
and matures on
March 28, 2025.
 
The Bank had unused lines of credit totaling
$218.1
 million and
$128.5
million available with non-affiliated banks at
December 31, 2019
 and
2018
, respectively. These amounts primarily consist of a blanket floating lien agreement with the Federal Home Loan Bank of Atlanta (FHLB) in which the Bank can borrow up to
19%
of its total assets. The unused line of credit with FHLB totaled
$144.3
million at
December 31, 2019
. The Bank had collateral pledged on the borrowing line at
December 31, 2019
 and
2018
 including real estate loans totaling
$194.9
million and
$110.8
 million, respectively, and FHLB stock with a book value of
$776
 thousand and
$763
 thousand, respectively. The Bank did
not
have borrowings from the FHLB at
December 31, 2019
 and
2018
.