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Note 11 - Other Short-term Borrowings
6 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Short-term Debt [Text Block]

11.

OTHER SHORT-TERM BORROWINGS

 

The Company periodically utilizes other short-term borrowings comprised of Federal Reserve Bank of Cleveland (“FRB”) discount window borrowings. FRB discount window borrowings mature within 90 days and may be repaid prior to maturity without penalty, in whole or in part, plus accrued interest. The following table presents information regarding the FRBC borrowings as of December 31, 2021 and June 30, 2021:

 

FRBC Discount Window Borrowings:

 

   

December 31,

   

June 30,

 
   

2021

   

2020

 
   

(Dollars in Thousands)

 

Ending balance

  $ -     $ -  

Average balance

    -       456  

Maximum month-end balance

    -       5,875  

Average interest rate

    - %     0.25 %

Weighted-average rate at period end

    - %     - %

        

            At December 31, 2021 the Company had remaining borrowing capacity with the FRB of appoximately $33.6 million.


​5 As of December 31, 2021.