XML 43 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note 12 - Federal Home Loan Bank (FHLB) Advances and Other Borrowings
 12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Debt Disclosure [Text Block]
NOTE
12
F
ederal
H
ome
L
oan
B
ank (FHLB)
Advances and Other Borrowings
The Bank had
no
outstanding advances from the FHLB or borrowings from the Federal Reserve Bank of Minneapolis as of
December 31, 2018
or
December 31, 2017.
At
December 31, 2018
the Bank had collateral pledged to the FHLB consisting of FHLB stock, mortgage loans, and investments with a borrowing capacity of approximately
$167.6
million, based upon the mortgage loans and securities that were pledged at
December 31, 2018,
subject to a requirement to purchase FHLB stock. The Bank also had the ability to draw additional borrowings of
$73.0
million from the Federal Reserve Bank of Minneapolis, based upon the loans that were pledged to them as of
December 31, 2018,
subject to approval from the Board of Governors of the Federal Reserve System (FRB).
 
At
December 31, 2017
the Bank had collateral pledged to the FHLB consisting of FHLB stock, mortgage loans, and investments with a borrowing capacity of approximately
$106.3
million, subject to a requirement to purchase FHLB stock. The Bank also had the ability to draw additional borrowings of
$77.9
million from the Federal Reserve Bank of Minneapolis, based upon the loans that were pledged to them as of
December 31, 2017,
subject to approval from the FRB.