Annual report pursuant to Section 13 and 15(d)

Note 8 - Other Borrowings (Tables)

v3.24.1
Note 8 - Other Borrowings (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Federal Home Loan Bank, Advances [Table Text Block]
   

At or For the Year Ended December 31,

 
   

2023

   

2022

 
   

(Dollars in thousands)

 

FHLB of Chicago advances and other borrowings:

               

Average balance outstanding

  $ 3,461     $ 1,945  

Maximum amount outstanding at any month-end during the period

    15,000       5,000  

Balance outstanding at end of period

    5,000        

Average interest rate during the period

    5.0 %     0.0 %

Weighted average interest rate at end of period

    4.8 %     0.0 %
   

December 31, 2023

   

December 31, 2022

 
   

(Dollars in thousands)

 

Outstanding advances

  $ 5,000     $  

Additional borrowing capacity

    72,200       68,586  

Total borrowing capacity

  $ 77,200     $ 68,586