v3.26.1
Note 8 - Borrowings
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Debt Disclosure [Text Block]

Note 8. Borrowings

 

The following table presents the components of borrowings as of the dates indicated:

 

  

June 30, 2026

  

December 31, 2025

 
      

Weighted

      

Weighted

 

(Amounts in thousands)

 

Balance

  

Average Rate

  

Balance

  

Average Rate

 

Retail repurchase agreements

 $2,924   1.59% $1,214   0.06%

 

Repurchase agreements are secured by certain securities that remain under the Company’s control during the terms of the agreements.

 

The Company had no long-term borrowings as of June 30, 2026, or  December 31, 2025.

 

Unused borrowing capacity with the FHLB totaled $303.35 million, net of FHLB letters of credit of $115.13 million, as of June 30, 2026. As of June 30, 2026, the Company maintains $418.99 million in qualifying loans to secure the FHLB borrowing capacity.