Note 8 - Federal Funds Purchased
|12 Months Ended|
Dec. 31, 2018
|Notes to Financial Statements|
|Federal Funds Purchased [Text Block]||
8.FEDERAL FUNDS PURCHASED
December 31, 2018,the Company had
$288.7million in federal funds purchased from its correspondent banks that are clients of its correspondent banking unit, compared to
December 31, 2017.Rates paid on these funds were between
December 31, 2018and
December 31, 2017.
December 31, 2018,the Company had available lines of credit totaling approximately
$562.0million with various financial institutions for borrowing on a short-term basis, with
noamount outstanding. Available lines totaled approximately
December 31, 2017.These lines are subject to annual renewals with varying interest rates.