Note 12 - Short-term Debt

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Short-term Debt [Text Block]

Note

1

2

. Short-Term Debt

At

December 31, 2019

and

2018

the Bank had

no

debt outstanding classified as short-term.

At

December 31, 2019,

the Bank had established unsecured lines of credit of approximately

$52.5

million with correspondent banks to provide additional liquidity if, and as needed. In addition, the Bank has the ability to borrow up to approximately

$163.5

million from the Federal Home Loan Bank, subject to the pledging of collateral.