v3.26.1
Note 14 - Subordinated Debt (Tables)
 6 Months Ended
Jun. 30, 2026
Subordinated Borrowings [Abstract]  
Schedule of Subordinated Debt The following table summarizes the details of the subordinated debt acquired and still remaining at June 30, 2026:

 

($ in thousands)

 

Balance at June 30, 2026

 

 

Original Issue Date

 

Maturity Date

 

Rate

 

Reedemable

2019 Subordinated Notes

 

$

3,000

 

 

March 14, 2019

 

March 14, 2029

 

3-Month SOFR + 390 bp

 

Yes, in whole or part upon occurrence of specific events with the agreement

2020 Subordinated Notes

 

 

10,000

 

 

June 23 2020

 

June 30, 2030

 

3-Month SOFR + 613 bp

 

Yes, in whole or part upon occurrence of specific events with the agreement; or in integral multiples of $100,000

2024 Subordinated Notes

 

 

1,650

 

 

December 5, 2024

 

December 31, 2027

 

Fixed rate of 8.5% through 2026; 3-Month SOFR + 442 bp thereafter

 

Yes, in whole or part upon occurrence of specific events with the agreement; or in integral multiples of $100,000 after December 31, 2027

Total

 

$

14,650