Borrowings	6 Months Ended
Jun. 30, 2025
Borrowings
Borrowings	Note 9: Borrowings As of June 30, 2025 and December 31, 2024, the Company had no borrowed funds. The Bank has a master contract agreement with the Federal Home Loan Bank that provides for borrowing up to the maximum range of 60-80% of the book value of the Bank’s qualifying loans based on the pledged loan class and range of 90-98% of qualifying investment securities pledged. The FHLB provides both fixed and floating rate advances. Floating rates are based on, but not directly tied to, short-term market rates of interest, such as Secured Overnight Financing Rate (SOFR), federal funds, or treasury bill rates. Advances with call provisions permit the FHLB to request payment beginning on the call date and quarterly thereafter. FHLB advances are subject to a prepayment penalty if they are repaid prior to maturity. At June 30, 2025, the Bank’s available and unused portion of this borrowing agreement totaled approximately $47.6 million. At December 31, 2024, the Bank’s available and unused portion of this borrowing agreement totaled approximately $ 47.6 million. At June 30, 2025, the Bank’s available and unused unsecured line of credit with Bankers’ Bank of Wisconsin and United Bankers’ Bank totaled $4.0 million and $5.0 million, respectively. At December 31, 2024, the Bank’s available and unused unsecured line of credit with Bankers’ Bank of Wisconsin and United Bankers’ Bank totaled $4.0 million and $5.0 million, respectively.

Borrowings

6 Months Ended

Jun. 30, 2025

Note 9: Borrowings

As of June 30, 2025 and December 31, 2024, the Company had no borrowed funds.

The Bank has a master contract agreement with the Federal Home Loan Bank that provides for borrowing up to the maximum range of 60-80% of the book value of the Bank’s qualifying loans based on the pledged loan class and range of 90-98% of qualifying investment securities pledged. The FHLB provides both fixed and floating rate advances. Floating rates are based on, but not directly tied to, short-term market rates of interest, such as Secured Overnight Financing Rate (SOFR), federal funds, or treasury bill rates. Advances with call provisions permit the FHLB to request payment beginning on the call date and quarterly thereafter. FHLB advances are subject to a prepayment penalty if they are repaid prior to maturity.

At June 30, 2025, the Bank’s available and unused portion of this borrowing agreement totaled approximately $47.6 million. At December 31, 2024, the Bank’s available and unused portion of this borrowing agreement totaled approximately $ 47.6 million.

At June 30, 2025, the Bank’s available and unused unsecured line of credit with Bankers’ Bank of Wisconsin and United Bankers’ Bank totaled $4.0 million and $5.0 million, respectively. At December 31, 2024, the Bank’s available and unused unsecured line of credit with Bankers’ Bank of Wisconsin and United Bankers’ Bank totaled $4.0 million and $5.0 million, respectively.