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Note 6 - Other Borrowings | 3 Months Ended
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Mar. 31, 2020
Notes to Financial Statements |
Other Borrowings [Text Block] | Note 6. Other Borrowings The Company had an unsecured line of credit totaling $5.0 million with a non-affiliated bank at March 31, 2020 . There were no borrowings outstanding on the line of credit at March 31, 2020 . The interest rate on the line of credit floats at Wall Street Journal Prime Rate plus 0.25%, with a floor of 3.50%, and matures on March 28, 2025. The Bank had unused lines of credit totaling $237.9 million and $218.1 million available with non-affiliated banks at March 31, 2020 and December 31, 2019 , 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 $146.7 million at March 31, 2020 . The Bank had collateral pledged on the borrowing line at March 31, 2020 and December 31, 2019 including real estate loans totaling $197.3 million and $194.9 million, respectively, and Federal Home Loan Bank stock with a book value of $818 thousand and $776 thousand, respectively. The Bank did not have borrowings from the FHLB at March 31, 2020 and December 31, 2019 .

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