v3.26.1
Note 5 - Other Borrowings
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Federal Home Loan Bank Advances, Disclosure [Text Block]

Note 5: Other Borrowings

 

There were no additional borrowings made during the six months ended June 30, 2026 and 2025. There was no outstanding borrowed funds at June 30, 2026 and December 31, 2025. 

 

The following table shows certain information regarding our borrowings at or for the dates indicated:

 

  

For the three months ended

  

For the six months ended

 
  

June 30,

  

June 30,

 
  

2026

  

2025

  

2026

  

2025

 
  

(Dollars in thousands)

         

FHLB of Chicago advances and other borrowings:

                

Average balance outstanding

 $  $4,396  $  $4,696 

Maximum amount outstanding at any month-end during the period

     5,000      5,000 

Average interest rate during the period

  N/A   4.8%  N/A   4.8%

 

At June 30, 2026 and December 31, 2025, the Bank had borrowing capacity from the FHLB Chicago totaling $74.0 million and $79.1 million, respectively. The eligible borrowings are collateralized by $98.3 million and $105.1 million of first mortgage loans under a blanket lien arrangement at June 30, 2026 and December 31, 2025, respectively.

 

Additionally, at June 30, 2026 and December 31, 2025, we had a $10.0 million uncommitted, unsecured line of credit with BMO Harris Bank, none of which was drawn at June 30, 2026 and December 31, 2025