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Note 6 - Other Borrowings	3 Months Ended
Mar. 31, 2022
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, 2022. There were no borrowings outstanding on the line of credit at March 31, 2022. 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, 2026. The Bank had unused lines of credit totaling $247.1 million and $240.4 million available with non-affiliated banks at March 31, 2022 and December 31, 2021, respectively. These consisted of unused federal funds lines of credit totaling $51.0 million and a secured line of credit through the Federal Reserve Bank discount window totaling $48.4 million at March 31, 2022. The Bank also had 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 $147.7 million at March 31, 2022. The Bank had collateral pledged on the borrowing line at March 31, 2022 and December 31, 2021 including real estate loans totaling $196.4 million and $205.8 million, respectively, and Federal Home Loan Bank stock with a book value of $796 thousand and $701 thousand, respectively. The Bank did not have borrowings from the FHLB at March 31, 2022 and December 31, 2021.

Note 6 - Other Borrowings

3 Months Ended

Mar. 31, 2022

Note 6. Other Borrowings

The Company had an unsecured line of credit totaling $5.0 million with a non-affiliated bank at March 31, 2022. There were no borrowings outstanding on the line of credit at March 31, 2022. 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, 2026.

The Bank had unused lines of credit totaling $247.1 million and $240.4 million available with non-affiliated banks at March 31, 2022 and December 31, 2021, respectively. These consisted of unused federal funds lines of credit totaling $51.0 million and a secured line of credit through the Federal Reserve Bank discount window totaling $48.4 million at March 31, 2022. The Bank also had 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 $147.7 million at March 31, 2022. The Bank had collateral pledged on the borrowing line at March 31, 2022 and December 31, 2021 including real estate loans totaling $196.4 million and $205.8 million, respectively, and Federal Home Loan Bank stock with a book value of $796 thousand and $701 thousand, respectively. The Bank did not have borrowings from the FHLB at March 31, 2022 and December 31, 2021.