Note 12 - Securities Sold Under Agreements to Repurchase -

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block]

Note

1

2

– Securities Sold Under Agreements to Repurchase –

At

December 31, 2018

and

2017,

the Bank had sold various investment securities with an agreement to repurchase these securities at various times within

one

year. These securities generally remain under the Bank’s control and are included in securities available for sale. These pledged securities have coupon rates ranging from

2.5%

to

7.0%

and maturity dates ranging from

2024

to

2040.

The related liability to repurchase these securities was

$12.2

million and

$1.9

million at

December 31, 2018

and

2017,

respectively.