Short-term borrowings:

The Bank had short-term advances from the Federal Home Loan Bank ("FHLB") of $203 million at June 30, 2025, and $305.0 million at December 31, 2024. The interest rate on these borrowings was 4.37% for the period ended  June 30, 2025, and 4.45% for the period ended  December 31, 2024. These short-term borrowings were borrowed using the FHLB's short term repurchase advance program, as these products allow the most flexibility to meet the Bank's varying liquidity needs. These FHLB advances were secured by pledged assets which are described in the following Long-Term Borrowings footnote.

The Bank has access to a line of credit for $25.0 million at a major domestic bank that is below prime rate. The line and terms are periodically reviewed by the lending bank and is generally subject to withdrawal at their discretion. There were no outstanding borrowings under this line at June 30, 2025, or December 31, 2024.

Farmers has one unsecured revolving line of credit for $5.0 million. This line can be renewed annually and has an interest rate of prime with a floor of 3.5%. There was no outstanding balance on this line at either June 30, 2025, or December 31, 2024.