Note 3 - Loans |
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| Notes to Financial Statements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financing Receivables [Text Block] |
NOTE 3 – LOANS
Outstanding loans are summarized below:
From time to time, the Bank pledges loans as collateral under a short-term borrowing arrangement through the Discount Window of the Federal Reserve Bank. The Bank has pledged a total of $1.12 billion and $972.7 million of loans for borrowing capacity of $977.5 million and $853.9 million as of June 30, 2026 and December 31, 2025, respectively. The Bank had no Federal Reserve Bank borrowings outstanding that were secured by loans as of June 30, 2026 and December 31, 2025.
The Bank has entered into an agreement providing for the pledging of loans for borrowing capacity with the Federal Home Loan Bank. The Bank pledged a total of $791.5 million of loans for borrowing capacity of $550.7 million as of June 30, 2026. In comparison, the Bank pledged a total of $773.0 million of loans for borrowing capacity of $530.0 million as of December 31, 2025. There were no FHLB borrowings outstanding as of June 30, 2026 or December 31, 2025.
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