Federal Home Loan Bank Advances and Other Borrowings (Details Narrative) - USD ($) $ in Thousands |
1 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Oct. 31, 2023 |
Jun. 30, 2025 |
Jun. 30, 2024 |
Dec. 31, 2024 |
|
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items] | ||||
Federal bank loan borrowing capacity description | The Bank has a master contract agreement with the Federal Home Loan Bank (FHLB) which provides for borrowing up to the maximum of 76% of the book value of the Bank’s 1-4 family real estate loans, 62% of the book value of the Bank’s revolving home equity lines of credit, 62% of the book value of the Bank’s 1-4 family second mortgages, 62% of the book value of the Bank’s secured farmland loans, 73% of the book value of the multi-family loans and the amount of the Bank’s securities pledged, and 72% of the commercial real estate first-lien loans. | |||
Federal Home Loan Bank advances | $ 888,551 | $ 892,193 | ||
Federal Home Loan Bank unused portion | 447,651 | |||
Advances from FHLB | 0 | 0 | ||
Outstanding balance | 86,917 | 67,917 | ||
Letters of credit outstanding amount | $ 66,045 | |||
Line of credit maturity date | May 2026 | |||
Balance owned | $ 0 | 0 | ||
Borrowing capacity | 79,906 | 85,839 | ||
Collateral amount | 94,447 | $ 111,238 | ||
Line of credit | $ 10,000 | $ 0 | ||
Prime rate | 7.50% | 8.50% | ||
Shares issued and outstanding percentage | 100.00% | |||
Line of credit facility description | The line of credit matured on October 29, 2024 and was renewed with a maturity date of October 29, 2026 at a variable interest rate based upon the Wall Street Journal Prime Rate, less 0.250 percentage points (7.50% prime interest rate at June 30, 2025). The note is secured by the same terms and the balance owed on the line was $0 at June 30, 2025. There were no draws on the operating line of credit at any point during the period ended June 30, 2025 and year ended December 31, 2024. | |||
Common Stock [Member] | ||||
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items] | ||||
Secured shares | 52,200 | |||
Minimum [Member] | ||||
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items] | ||||
Interest rates | 0.00% | 0.00% | ||
Maximum [Member] | ||||
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items] | ||||
Interest rates | 4.46% | 5.08% |