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Note 17 - Federal Funds Purchased and Lines of Credit
12 Months Ended
Dec. 31, 2015
Banking and Thrift [Abstract]  
Banking and Thrift Disclosure [Text Block]

NOTE 17. FEDERAL FUNDS PURCHASED AND LINES OF CREDIT


At December 31, 2015 and 2014, we had no outstanding federal funds purchased balances. The Bank had available lines of credit with the Federal Home Loan Bank of San Francisco totaling $229.5 million (excluding $75.0 million of outstanding borrowings) at December 31, 2015. At December 31, 2015, the Bank had available lines of credit with the Federal Reserve totaling $21.6 million subject to certain collateral requirements, namely the amount of certain pledged loans.


The Bank had nonbinding federal funds line of credit agreements with three financial institutions totaling $40.0 million at December 31, 2015. The lines of credit had interest rates ranging from 0.55% to 1.37% at December 31, 2015. Availability of the lines is subject to federal funds balances available for loan, continued borrower eligibility and are reviewed and renewed periodically throughout the year. These lines are intended to support short-term liquidity needs, and the agreements may restrict consecutive day usage.