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Note 12 - Subordinated Debentures (Tables)
3 Months Ended
Mar. 31, 2024
Notes Tables  
Schedule of Long-Term Debt Instruments [Table Text Block]

As of March 31, 2024

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, 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