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Borrowing Arrangements
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Borrowing Arrangements

NOTE 11 - BORROWING ARRANGEMENTS

The Company has established secured and unsecured lines of credit.  The Company may borrow funds from time to time on a term or overnight basis from the Federal Home Loan Bank of San Francisco ("FHLB"), the Federal Reserve Bank of San Francisco ("FRB") and other financial institutions as indicated below.

Federal Funds Arrangements with Commercial Banks.  As of December 31, 2019 the Company may borrow on an unsecured basis, up to $20.0 million, $10.0 million, $12.0 million and $5.0 million overnight from Zions Bank, Wells Fargo Bank, First Tennessee National Bank, and Pacific Coast Bankers' Bank, respectively.

Letter of Credit Arrangements.  As of December 31, 2019 the Company had an unsecured commercial letter of credit line with Wells Fargo Bank for $2.0 million.

FRB Secured Line of Credit.  The secured borrowing capacity with the FRB of $14.3 million at December 31, 2019 is collateralized by loans pledged with a carrying value of $28.7 million.

FHLB Secured Line of Credit.  The secured borrowing capacity with the FHLB of $636.5 million at December 31, 2019 is collateralized by loans pledged with a carrying value of $727.8 million.

At December 31, 2019, the Company had no  overnight advances with the FHLB and $319.5 million at 2.56% at December 31, 2018.  There were no amounts outstanding under any of the other borrowing arrangements above as of December 31, 2019 and at December 31, 2018 except FHLB advances.