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Securities Sold Under Agreements to Repurchase | 12 Months Ended
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Dec. 31, 2022
Securities Sold Under Agreements To Repurchase [Abstract] |
Securities Sold Under Agreements to Repurchase | Note 9. Securities Sold Under Agreements to Repurchase Details of the Company’s securities sold under agreements to repurchase as of December 31, 2022, and December 31, 2021 were as follows:
|  | December 31, 2022 |  | December 31, 2021
(dollars in thousands) |  | Amounts Outstanding |  |  | Weighted-Average Interest Rate |  | Weighted-Avg Maturity (in years) |  | Amounts Outstanding |  |  | Weighted-Average Interest Rate |  | Weighted-Avg Maturity (in years)
Securities Sold Under Agreements to Repurchase |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Private Institutions |  | $ | 725,000 |  |  | 2.97 |  | 3.7 |  |  | 450,000 |  |  | 2.46 |  | 3.0
Government Entities |  | $ | 490 |  |  | 1.55 | % | 1.9 |  | $ | 490 |  |  | 1.55 | % | 2.9
Total |  | $ | 725,490 |  |  | 2.96 | % | 3.7 |  | $ | 450,490 |  |  | 2.46 | % | 3.0
As of December 31, 2022, all of our repurchase agreements were at fixed interest rates. Remaining terms ranged from 2024 to 2029. The following table presents the remaining contractual maturities of the Company’s repurchase agreements as of December 31, 2022, and December 31, 2021, disaggregated by the class of collateral pledged.
|  | Remaining Contractual Maturity of Repurchase Agreements |
(dollars in thousands) |  | Up to 90 days |  |  | 91-365 days |  |  | 1-3 Years |  |  | After 3 Years |  |  | Total |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class of Collateral Pledged: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Securities Issued by States and Political Subdivisions |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 490 |  |  | $ | 490 |
Mortgage-Backed Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential - Government Agencies |  |  | — |  |  |  | — |  |  |  | 28,673 |  |  |  | — |  |  |  | 28,673 |
Residential - U.S. Government-Sponsored Enterprises |  |  | — |  |  |  | — |  |  |  | 396,327 |  |  |  | 300,000 |  |  |  | 696,327 |
Total |  | $ | — |  |  | $ | — |  |  | $ | 425,000 |  |  | $ | 300,490 |  |  | $ | 725,490 |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class of Collateral Pledged: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Securities Issued by States and Political Subdivisions |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 490 |  |  | $ | 490 |
Mortgage-Backed Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential - Government Agencies |  |  | — |  |  |  | — |  |  |  | 38,685 |  |  |  | 13,407 |  |  |  | 52,092 |
Residential - U.S. Government-Sponsored Enterprises |  |  | — |  |  |  | — |  |  |  | 236,315 |  |  |  | 161,593 |  |  |  | 397,908 |
Total |  | $ | — |  |  | $ | — |  |  | $ | 275,000 |  |  | $ | 175,490 |  |  | $ | 450,490 |

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- Definition The entire disclosure for repurchase agreements (also known as repos), resale agreements (also known as reverse repurchase agreements or reverse repos), securities borrowed transactions, and securities loaned transactions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -URI https://asc.fasb.org/topic&trid=2197590 + Details
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- References No definition available. + Details
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