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Note 13 - Borrowings | 3 Months Ended
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Mar. 31, 2025
Notes to Financial Statements |
Debt Disclosure [Text Block] | Note 13 - Borrowings At March 31, 2025, and December 31, 2024, borrowed funds are summarized below:
|  | (Dollars in thousands) |
|  | March 31, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
FHLB Line of Credit variable rate of 4.68% at March 31, 2025 |  | $ | 1,657 |  |  | $ | - |
FHLB Fixed rate advance with outstanding rate of 4.85%, maturing May 16, 2025 |  |  | 10,000 |  |  |  | 10,000 |
FHLB Fixed rate advance with outstanding rate of 4.77%, maturing May 19, 2025 |  |  | 10,000 |  |  |  | 10,000 |
FHLB Fixed rate advance with outstanding rate of 3.63%, maturing March 7, 2028 (1) |  |  | 10,000 |  |  |  | - |
FHLB Fixed rate advance with outstanding rate of 3.38%, maturing August 7, 2028 (1) |  |  | - |  |  |  | 10,000 |
FHLB Fixed rate advance with outstanding rate of 3.22%, maturing August 7, 2029 (1) |  |  | - |  |  |  | 10,000 |
FHLB Fixed rate advance with outstanding rate of 3.84%, maturing August 28, 2029 (1) |  |  | 15,000 |  |  |  | 15,000 |
FHLB Fixed rate advance with outstanding rate of 3.74%, maturing August 28, 2029 (1) |  |  | 10,000 |  |  |  | 10,000 |
Total |  | $ | 56,657 |  |  | $ | 65,000 |
| (1) | FHLB retains putable option to call these advances after a period of time
At March 31, 2025, scheduled maturities of borrowed funds were as follows:
|  | (Dollars in thousands) |
2025 |  | $ | 21,657 |
2026 |  |  | - |
2027 |  |  | - |
2028 |  |  | 10,000 |
2029 |  |  | 25,000 |
Total |  | $ | 56,657 |
The Company’s liquidity position remains strong with solid core deposit customer relationships, excess cash, debt securities, and access to diversified borrowing sources. The Company has available liquidity of $899.8 million including borrowing capacity from the FHLB and Federal Reserve facilities and other sources. The Company also maintains a $25.0 million line of credit with the Federal Home Loan Bank of Indianapolis. The Company has a $1.7 million balance on the line of credit at March 31, 2025, compared to none at December 31, 2024. The Company did not have other borrowings at March 31, 2025, or as of December 31, 2024.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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