NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 9. DEPOSITS , continued bank must collateralize its public deposits to the extent of the greater of (1) for each month, fifty percent of the a$ v5 e0r ma giel l idoani l by ubta ll ea snsc et hoafnt h$e2 f5i r0s mt $i 5l l 0i omn , i pl l il ou ns oo nf pe uhbul ni cddr ee pd opsei trsc, epnl tu so fs epvuebnl itcy -df ei vpeops ietrsc ae bnot voef p$u2b5l0i c md ei l pl i oo sni,t sh ea lbdo bv ye tphl ue sd seepvoesni ttoyr- yf i vdeu rpienrgc tehnet po rf epcuebdliinc gdceapl oe ns idt sa ri nmeoxnc tehsss, oo fr $( 25 )0 f mi f tiyl l pi oenr cbeuntt loe fs tshteh fai nr s$t 2$ 55 00 mm ii ll ll ii oo nn opfl upsu bo nl i ce dheupnodsri et sd, plaesrtcbeanntkoifnpgudbalyicindetphoespitrsioirnmexocnetshs. of $250 million, of actual public deposits held at the close of business on the NOTE 10. SHORT Ǧ TERM DEBT Short-term debt consists of federal funds purchased. Federal funds purchased include reserves at the Federal RpuerscehrvaeseodratcoDrerceesmpobnedr e3n1t, 2b0an2k5 apnudrc2h0a2s4edtootanlead d$0aialyndba$s0i,sretospseacttiisvfeylyr.eserve requirements. Federal funds NOTE 11. LONG Ǧ TERM DEBT The Company has advances of long-term debt from the FHLB totaling $11,974,954 and $31,544,083 at December 3l o1a, n2s0a2n5d ahnadv e2 0v a2 r4i ,oruess spcehc et idvue ll eyd. mT haet uardi tvya dn ac et essabr ee gsi en cnui nr egdwbi tyhrMe sai dr cehn 1t i 6a l, 2r e0a2l6etsht ar ot eu, gcho mF emb reur ac irayl 2a 8n ,d2 f0a3r 0m. l Ta nh de wL eetitgehr tseodf aCvreerdai tg ewiint ht etrhees tFrHaLt eB of on rt ht heeapduvrapnocsees owf acso 1l l .a5t5e r%a l ai zt i Dn ge cpeumb bl i ec rd3e 1p ,o2s 0i t2s .5 .L eTtht ee rCs oomf Cpraendyi taol suot setnatnedr isnign taot Dv aercieomu sbme ra3t u1r, i2t y0 d2 a5t easn db e2g0i n2n4i nt ogtoa nl e Nd o$v5e0m4 ,b0e0r02, 040, 02 0a2n6d t$h4r o2u1g, 5h0N0 ,o0v0e0mrbeesrp e2c9t,i v2e0l3y0. .T h e L e t t e r s o f C r e d i t h a v e The current remaining available credit the company has with the FHLB totals $29,401,366. Loans totaling $750,530,705 are pledged as collateral. The Company has a line of credit in the amount of $8,000,000 established with AgCredit under an agreement d$ 8a t, 4e 3d 6F, 6e b4 r3uaarrey p2l7e ,d2g0e 0d 2a. s Tcho el lraet ewr aals angoa ionusttsttha insdliinnge boaf lcarnecdei td. uTehaet CDoemc epma nb ye rh3a 1s , a2v0a2i l5a bolre 2c 0r e2d4i.t Li no at hnes at omt aolui nngt oo fu t $s t1a3n0d, 0i n0g0 b, 0a0l a0n ceesst adbul ies hu en dd e wr ti ht he s ef i vaeg r ec oe mr r ee snpt so na td De ne tc ebma bn ek rs 3u1n, 2d 0e r2 5v oa rr i 2o 0u 2s 4 a. gI rne ae dmdei nt i tosn. , t hTeh eC roem wp aenr ye hnaos au ns de ce ur rtehdi s l ilni ne eoof fc rc er eddi ti twai tt hD tehc ee mF ebdeer r 3a l1 R, 2e 0s e2r5v eo rt o2t 0a l2i n4 g. $L 3o 2a n8 s, 8 t2o5t ,a3l 8i n8g. $T4h6e2r ,e1 9w6a, s0 2n5o ao ruet spt laenddgi endg absa lcaonl cl aet edruael against the Federal Reserve credit. Long-term debt at December 31, 2025 matures as follows: 2026 $ 1,496,929 2027 Ǧ 2028 Ǧ 2029 1,944,822 2030 8,533,203 Thereafter Ǧ $ 11,974,954
2025 Annual Report | 45
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