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NOTE 8 – LINES OF CREDIT

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We have a $4,915 variable rate (floating SOFR plus 2.00%) line of credit agreement with Old National Bank, which expires in December 2026; and a $3,500 variable rate (floating SOFR plus 2.00%) line of credit agreement with Old National Bank, which also expires December 2026. We also have a $20,000 variable rate (Prime minus 0.75%) line of credit agreement with Gate City Bank, which expires in November 2028  and a $20,000 variable rate (Prime minus 1.50%) line of credit agreement with Gate City Bank, which expires in  November  2028. The lines of credit are secured by specific properties. At September 30, 2026, the lines of credit have $48,415 available and an unused balance of $48,415 under the agreements. These operating lines are designed to enhance treasury management activities and more effectively manage cash balances. As of September 30, 2026 and December 31, 2025, there was an outstanding balance on the lines of credit of $—  and $16,579, respectively.

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Certain lines of credit agreements include covenants that, in part, impose maintenance of certain debt service coverage and debt to net worth ratios.