Borrowings	12 Months Ended
Dec. 31, 2024
Borrowings
Borrowings	Note 9: Borrowings As of December 31, 2024, and 2023 the Company had no borrowed funds. The Company has a master contract agreement with the Federal Home Loan Bank that provides for borrowing up to the maximum range of 60-80% of the book value of the Bank’s qualifying loans based on the pledged loan class and range of 90-98% of qualifying investment securities pledged. The FHLB provides both fixed and floating rate advances. Floating rates are based on, but not directly tied to, short-term market rates of interest, such as Secured Overnight Financing Rate (SOFR), federal funds, or treasury bill rates. Advances with call provisions permit the FHLB to request payment beginning on the call date and quarterly thereafter. FHLB advances are subject to a prepayment penalty if they are repaid prior to maturity. At December 31, 2024 and December 31, 2023, the Bank’s available and unused portion of this borrowing agreement totaled approximately $47.6 million and $45.4 million, respectively. At December 31, 2024, the Bank’s available and unused unsecured line of credit with Banker’s Bank of Wisconsin and United Banker’s Bank totaled $4.0 million and $5.0 million, respectively. At December 31, 2023, the Bank’s available and unused unsecured line of credit with Banker’s Bank of Wisconsin totaled $4.0 million.

Borrowings

12 Months Ended

Dec. 31, 2024

Note 9: Borrowings

As of December 31, 2024, and 2023 the Company had no borrowed funds.

The Company has a master contract agreement with the Federal Home Loan Bank that provides for borrowing up to the maximum range of 60-80% of the book value of the Bank’s qualifying loans based on the pledged loan class and range of 90-98% of qualifying investment securities pledged. The FHLB provides both fixed and floating rate advances. Floating rates are based on, but not directly tied to, short-term market rates of interest, such as Secured Overnight Financing Rate (SOFR), federal funds, or treasury bill rates. Advances with call provisions permit the FHLB to request payment beginning on the call date and quarterly thereafter. FHLB advances are subject to a prepayment penalty if they are repaid prior to maturity.

At December 31, 2024 and December 31, 2023, the Bank’s available and unused portion of this borrowing agreement totaled approximately $47.6 million and $45.4 million, respectively.

At December 31, 2024, the Bank’s available and unused unsecured line of credit with Banker’s Bank of Wisconsin and United Banker’s Bank totaled $4.0 million and $5.0 million, respectively. At December 31, 2023, the Bank’s available and unused unsecured line of credit with Banker’s Bank of Wisconsin totaled $4.0 million.