Note 13 - Borrowings |
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| Debt Disclosure [Text Block] |
Note 13 - Borrowings
At March 31, 2025, and December 31, 2024, borrowed funds are summarized below:
At March 31, 2025, scheduled maturities of borrowed funds were as follows:
The Company’s liquidity position remains strong with solid core deposit customer relationships, excess cash, debt securities, and access to diversified borrowing sources. The Company has available liquidity of $899.8 million including borrowing capacity from the FHLB and Federal Reserve facilities and other sources. The Company also maintains a $25.0 million line of credit with the Federal Home Loan Bank of Indianapolis. The Company has a $1.7 million balance on the line of credit at March 31, 2025, compared to none at December 31, 2024. The Company did not have other borrowings at March 31, 2025, or as of December 31, 2024.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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