Note 6 - Other Borrowings |
3 Months Ended |
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Mar. 31, 2023 | |
| Notes to Financial Statements | |
| Federal Home Loan Bank Advances, Disclosure [Text Block] |
Note 6: Other Borrowings
During the three months ended March 31, 2023, there were no borrowings made by the Company. The Bank was eligible to borrow from the FHLB Chicago up to a total of $69.8 million and $68.6 million at March 31, 2023 and December 31, 2022, respectively, which would be collateralized by $88.1 million and $86.6 million of first mortgage loans under a blanket lien arrangement at March 31, 2023 and December 31, 2022, respectively. Additionally, at March 31, 2023 and December 31, 2022, we had a $10.0 million federal funds line of credit with BMO Harris Bank, none of which was drawn at March 31, 2023.
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- References No definition available.
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- Definition The entire disclosure for borrowing from the Federal Home Loan Bank, including: (i) general description; (ii) title and nature of obligation; (iii) interest rate; (iv) payment terms; (v) maturity dates by year; (vi) collateral requirements; (vii) restrictive covenants; (viii) priority; (ix) conversion or redemption features; (x) carrying value of assets pledged as collateral; (xi) combined aggregate maturities for next five years; (xii) unused or available balances. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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