XML 65 R50.htm IDEA: XBRL DOCUMENT
v3.22.4

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE [Abstract] |
Schedule Of Repurchase Agreements [Table Text Block] | Securities sold under agreements to repurchase (repurchase agreements) as of the indicated dates consisted of the following: December 31, 2022 2021 (In thousands) Short-term Fixed-rate repurchase agreements (1) $ 75,133 $ - Long-term Fixed-rate repurchase agreements (2) - 300,000 $ 75,133 $ 300,000 (1) Weighted-average interest rate of 4.55 % as of December 31, 2022. (2) Weighted-average interest rate of 3.35 % as of December 31, 2021. During the first quarter of 2021, the interest rate related to securities sold under agreement to repurchase totaling $ 200 million changed from a variable rate (3-month LIBOR plus 130 to 132 basis points) to a fixed rate of 3.90 % after the end of a pre-specified lockout period. December 31, 2022 (In thousands) Within one month $ 25,133 Over one month to three months 50,000 Total $ 75,133 Weighted-Average Counterparty Amount Maturity (In Months) (Dollars in thousands) JP Morgan Chase $ 75,133 1
Schedule of Securities Sold Under Repurchase Agreements [Table Text Block] | The following securities were sold under agreements to repurchase: As of December 31, 2022 Underlying Securities Amortized Cost of Underlying Securities Balance of Borrowing Approximate Fair Value of Underlying Securities Weighted Average Interest Rate of Security (Dollars in thousands) U.S. government-sponsored agencies $ 60,081 $ 50,134 $ 54,093 0.62 % MBS 29,959 24,999 27,010 2.08 % Total $ 90,040 $ 75,133 $ 81,103 Accrued interest receivable $ 137 As of December 31, 2021 Underlying Securities Amortized Cost of Underlying Securities Balance of Borrowing Approximate Fair Value of Underlying Securities Weighted Average Interest Rate of Security (Dollars in thousands) U.S. government-sponsored agencies $ - $ - $ - - % MBS 319,225 300,000 321,180 1.33 % Total $ 319,225 $ 300,000 $ 321,180 Accrued interest receivable $ 599

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfRepurchaseAgreementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for repurchase agreements. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRepurchaseAgreements
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure, as of the most recent balance sheet date, of securities or other assets sold under repurchase agreements when this amount exceeds 10 percent of total assets. Disclosure may include the following: the type of securities or assets sold under agreements to repurchase, the carrying amount, market value (including accrued interest plus any cash or other assets on deposit. The information is segregated into securities maturing (1) overnight; (2) term up to 30 days; (3) term of 30 to 90 days; (4) term over 90 days; (5) demand. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(m)(1)(ii)(A)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfUnderlyingAssetsOfRepurchaseAgreementsWhenAmountOfRepurchaseAgreementsExceeds10PercentOfAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration