Borrowings |
12 Months Ended | ||
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Dec. 31, 2025 | |||
| Borrowings | |||
| Borrowings |
As of December 31, 2025 and 2024, the Company had no FHLB advances outstanding. . Based on collateral pledged, consisting of all shares of FHLB stock owned and a blanket pledge of approximately $237,460,000 of its qualifying mortgage loans as of December 31, 2025, the Bank was eligible to borrow up to an additional $188,669,000 as of December 31, 2025. The Bank has an unsecured federal funds line of credit with FNBB that expires on June 30, 2026. The Bank is eligible to borrow up to $27,200,000. There was no amount outstanding on this line of credit as of the years ended December 31, 2025 and 2024. The Bank is eligible to borrow from TIB’s Federal Funds Purchase Line Program, which provides overnight liquidity through pledge of certain qualifying securities. The Bank is eligible to borrow up to $15,000,000 and repayment is due the next day. There was no amount outstanding on this line of credit as of the years ended December 31, 2025 and 2024. |
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- References No definition available.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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