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Note 5 - Other Borrowings | 3 Months Ended
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Mar. 31, 2024
Notes to Financial Statements |
Federal Home Loan Bank Advances, Disclosure [Text Block] | Note 5: Other Borrowings There were no borrowings made during the three months ended March 31, 2024 and 2023. The following table shows certain information regarding our borrowings at or for the dates indicated:
|  | For the three months ended |
|  | March 31, |
|  | 2024 |  |  | 2023 |
|  | (Dollars in thousands) |
FHLB of Chicago advances and other borrowings: |  |  |  |  |  |  |  |
Average balance outstanding |  | $ | 5,000 |  |  | $ | — |
Maximum amount outstanding at any month-end during the period |  |  | 5,000 |  |  |  | — |
Average interest rate during the period |  |  | 4.8 | % |  |  | 0.0 | %
|  | March 31, 2024 |  |  | December 31, 2023 |
|  | (Dollars in thousands) |
Balance outstanding at end of period |  |  | 5,000 |  |  |  | 5,000 |
Weighted average interest rate at end of period |  |  | 4.8 | % |  |  | 4.8 | %
The eligible borrowings are collateralized by $103.2 million and $102.6 million of first mortgage loans under a blanket lien arrangement at March 31, 2024 and December 31, 2023, respectively. The following table shows the outstanding advances, additional borrowing capacity and total borrowing capacity from the FHLB Chicago at the dates presented.
|  | March 31, 2024 |  |  | December 31, 2023 |
|  | (Dollars in thousands) |
Outstanding advances |  | $ | 5,000 |  |  | $ | 5,000 |
Additional borrowing capacity |  |  | 72,882 |  |  |  | 72,200 |
Total borrowing capacity |  | $ | 77,882 |  |  | $ | 77,200 |
Additionally, at March 31, 2024 and December 31, 2023, we had a $10.0 million federal funds line of credit with BMO Harris Bank, none of which was drawn at March 31, 2024 and December 31, 2023.

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- Definition The entire disclosure for borrowing from the Federal Home Loan Bank, including: (i) general description; (ii) title and nature of obligation; (iii) interest rate; (iv) payment terms; (v) maturity dates by year; (vi) collateral requirements; (vii) restrictive covenants; (viii) priority; (ix) conversion or redemption features; (x) carrying value of assets pledged as collateral; (xi) combined aggregate maturities for next five years; (xii) unused or available balances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)(3)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 470 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478878/942-470-45-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
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