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Note 9 - Subordinated Debentures (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule of Long-Term Debt Instruments [Table Text Block]

As of December 31, 2023

Issuance Date

 

Securities Issued

 

Liquidation Value

 

Coupon Rate

 

Maturity

 

Redeemable by Issuer Beginning

12/19/2003

 $5,000,000 

$1,000 per Capital Security

 

Floating 3-month CME Term SOFR + 285 Basis Points + 26.161 Basis Points

 

1/23/2034

 

1/23/2009

As of December 31, 2022

Issuance Date

 

Securities Issued

 

Liquidation Value

 

Coupon Rate

 

Maturity

 

Redeemable by Issuer Beginning

12/19/2003

 $5,000,000 

$1,000 per Capital Security

 

Floating 3-month LIBOR + 285 Basis Points

 

1/23/2034

 

1/23/2009