SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT

3 Months Ended

Mar. 31, 2021

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, 2021 and December 31, 2020, securities sold under agreements to repurchase totaled $24,007 and $15,631, respectively.

The Company has an unsecured $25,000 revolving line of credit, which had a $15,000 outstanding balance at March 31, 2021, bears interest at the greater of (i) the prime rate, which was 3.25% at March 31, 2021, or (ii) the rate floor of 3.50%, with interest payable quarterly, and matures in March 2022.

Federal Home Loan Bank (FHLB) advances, as of March 31, 2021, were as follows:

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

Year	Current Weighted Average Rate			Principal Due
2021		0.16	%	$	41,500
2022		1.99	%		1,500
2023		0.00	%		—
2024		1.76	%		6,000
2025		0.00	%		—
					49,000

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

Year	Current Weighted Average Rate			Principal Due
2021		1.38	%		96
					96
				$	49,096