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Note 8 - Short-term Borrowings | 3 Months Ended
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Mar. 31, 2019
Notes to Financial Statements |
Short-term Debt [Text Block] |
8. | SHORT-TERM BORROWINGS
Short-term borrowings consist of federal funds purchased, securities sold under repurchase agreements and short-term FHLB advances with original maturities of one year or less. The Bank did not have any short-term borrowings as of March 31, 2019, and short-term borrowings totaled $0.5 million as of December 31, 2018 . Federal funds purchased, which represent unsecured lines of credit that generally mature within one to four days, are available to the Bank through arrangements with correspondent banks and the Federal Reserve. As of both March 31, 2019 and December 31, 2018, there were no federal funds purchased outstanding. The Bank had $72.1 million and $72.2 million in available unused lines of credit with correspondent banks and the Federal Reserve as of March 31, 2019 and December 31, 2018, respectively. Securities sold under repurchase agreements, which are secured borrowings, generally are reflected at the amount of cash received in connection with the transaction. The Bank may be required to provide additional collateral based on the fair value of the underlying securities. The Bank monitors the fair value of the underlying securities on a daily basis. The Bank did not have any securities sold under repurchase agreements as of March 31, 2019, and securities sold under repurchase agreements as of December 31, 2018 totaled $0.5 million. Short-term FHLB advances are secured borrowings available to the Bank as an alternative funding source. As of both March 31, 2019 and December 31, 2018, the Bank did not have any outstanding FHLB advances with original maturities of less than one year .

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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