XML 28 R17.htm IDEA: XBRL DOCUMENT
v3.24.3

Note 9 - Securities Sold Under Agreements to Repurchase | 9 Months Ended
--- | ---
Sep. 30, 2024
Notes to Financial Statements |
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block] |
(9) | Securities Sold Under Agreements to Repurchase
SSUAR represent a funding source of Bancorp and are primarily used by commercial customers in conjunction with collateralized corporate cash management accounts. Such repurchase agreements are considered financing agreements and mature within one business day from the transaction date. At September 30, 2024 and December 31, 2023, all of these financing arrangements had overnight maturities and were secured by government sponsored enterprise obligations and government agency mortgage-backed securities that were owned and controlled by Bancorp. Information concerning SSUAR follows:
(dollars in thousands) |  | September 30, 2024 |  |  | December 31, 2023 |
Outstanding balance at end of period |  | $ | 149,852 |  |  | $ | 152,991 |
Weighted average interest rate at end of period |  |  | 2.08 | % |  |  | 2.23 | %
|  | Three months ended |  |  | Nine months ended |
|  | September 30, |  |  | September 30, |
(dollars in thousands) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Average outstanding balance during the period |  | $ | 156,865 |  |  | $ | 127,063 |  |  | $ | 156,392 |  |  | $ | 120,740 |
Average interest rate during the period |  |  | 2.38 | % |  |  | 1.86 | % |  |  | 2.25 | % |  |  | 1.58 | %
Maximum outstanding at any month end during the period |  | $ | 175,211 |  |  | $ | 127,931 |  |  | $ | 179,428 |  |  | $ | 138,347 |

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

X
- 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://www.xbrl.org/2003/role/disclosureRef -Topic 860 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481420/860-30-50-10 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 860 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/860/tableOfContent + Details
Name: | us-gaap_RepurchaseAgreementsResaleAgreementsSecuritiesBorrowedAndSecuritiesLoanedDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration