Investment in FHLB Stock

12 Months Ended

Dec. 31, 2019

Investment in FHLB Stock

Investment in FHLB Stock

Note 4 - Investment in FHLB Stock -

The Company maintains an investment in the membership stock of the Federal Home Loan Bank of Dallas. The carrying amount of this investment is stated at cost which was  $1,418,000 and $1,376,000 at December 31, 2019 and 2018, respectively.  At December 31, 2019 and 2018, the Company meets the required level of FHLB stock.  The stock is pledged as collateral against the advances from the FHLB.