SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT

NOTE 4 - SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT

At March 31, 2022 and December 31, 2021, securities sold under agreements to repurchase totaled $11,090 and $14,151, respectively.

The Company has an unsecured $25,000 revolving line of credit, which had no outstanding balance at March 31, 2022, bears interest at the greater of (i) the prime rate, which was 3.50% at March 31, 2022, or (ii) the rate floor of 3.50%, with interest payable quarterly, and matures in March 2023. As of December 31, 2021, there was a $5,000 outstanding balance on the line of credit.

Federal Home Loan Bank (FHLB) advances, as of March 31, 2022, were as follows:

Fixed rate advances, with monthly interest payments, principal due in:

Year	Current Weighted Average Rate			Principal Due
2022		1.99	%	$	1,500
2024		1.76	%		6,000
				$	7,500

There are no fixed rate advances, with monthly principal and interest payments outstanding as of March 31, 2022.