SUBSEQUENT EVENT |
6 Months Ended |
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Jun. 30, 2025 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENT | SUBSEQUENT EVENT On July 30, 2025, the Corporation redeemed $5.0 million in principal amount of its 5.00 percent Fixed-to-Floating Rate Senior Notes Due 2028, dated November 1, 2013. The interest rate on the Senior Debt remained fixed for the first ten (10) years and converted to floating on October 30, 2023 and had an interest rate of 6.87 percent as of June 30, 2025. For additional detail related to this Senior Debt, see NOTE 8. BORROWINGS of these Notes to Consolidated Condensed Financial Statements. The redemption was permitted under the optional redemption provisions of the Senior Note Certificate representing the Senior Debt. Following the redemption, no principal amount remains outstanding related to this Senior Debt issuance.
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