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Note 13 - Funds Restrictions and Reserve Balance | 12 Months Ended
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Dec. 31, 2024
Notes to Financial Statements |
Funds Restrictions and Reserve Balance [Text Block] | Note 13. Funds Restrictions and Reserve Balance Transfers of funds from the banking subsidiary to the parent company in the form of loans, advances, and cash dividends are restricted by federal and state regulatory authorities. At December 31, 2024, the aggregate amount of unrestricted funds which could be transferred from the banking subsidiary to the parent company, without prior regulatory approval, totaled $2.0 million. The amount of unrestricted funds is generally determined by subtracting the total dividend payments of the Bank from the Bank’s net income for that year, combined with the Bank’s retained net income for the preceding two years. The Bank is typically required to maintain a reserve against its deposits in accordance with Regulation D of the Federal Reserve Act. The Federal Reserve adopted a rule in March 2020 eliminating the reserve requirement. There were no required balances at December 31, 2024 or December 31, 2023

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