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Note 13 - Subsequent Events
9 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Subsequent Events [Text Block]
Note 13. Subsequent Events

 

 

During the third quarter of 2025, the Company called $5 million in subordinated debt, at par, that was redeemed on October 1, 2025.  On October 2, 2025, the Company called an additional $8 million in subordinated debt, at par, that will be redeemed on November 15, 2025.  There is no gain or loss expected with these redemptions.  The Company believes that these capital redemptions will have minimal impact on our total risk-based capital ratio while improving our profitability in future periods.