NOTE 9.          FEDERAL FUNDS PURCHASED

At December 31, 2025, the Company had $1.37 billion in federal funds purchased from its correspondent banks that are clients of its correspondent banking unit, compared to $1.91 billion at December 31, 2024. Rates paid on these funds were between 3.67% and 3.75% as of December 31, 2025 and 4.42% and 4.50% as of December 31, 2024.

At December 31, 2025, the Company had available lines of credit totaling approximately $472.0 million with various financial institutions for borrowing on a short-term basis, compared to $537.0 million at December 31, 2024. The Company had $100.0 million outstanding borrowings from these lines at December 31, 2025, compared to $80.0 million outstanding borrowings from these lines at December 31, 2024.