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Securities | 12 Months Ended
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Dec. 31, 2023
Securities and other financial assets, net |
Securities | Securities are presented as follows:
December 31, 2023 |  | Amortized cost |  | FVOCI |  |  |  |  |  | Total
Principal |  | 999,544 |  |  | 11,824 |  |  |  |  |  |  | 1,011,368 |
Interest receivable |  | 12,354 |  |  | 41 |  |  |  |  |  |  | 12,395 |
Allowance (1) |  | (1,632) |  |  | — |  |  |  |  |  |  | (1,632) |
|  | 1,010,266 |  |  | 11,865 |  |  |  |  |  |  | 1,022,131 |
December 31, 2022 |  | Amortized cost |  | FVOCI |  |  |  |  |  | Total
Principal |  | 941,971 |  |  | 77,972 |  |  |  |  |  |  | 1,019,943 |
Interest receivable |  | 11,240 |  |  | 400 |  |  |  |  |  |  | 11,640 |
Allowance (1) |  | (7,951) |  |  | — |  |  |  |  |  |  | (7,951) |
|  | 945,260 |  |  | 78,372 |  |  |  |  |  |  | 1,023,632 |
(1) As of December 31, 2023 and 2022, the loss allowance for losses for securities at FVOCI for $1 thousand and $10 thousand, respectively are included in equity in the consolidated statement of financial position in the line Other comprehensive income. Securities by contractual maturity are shown in the following table:
December 31, 2023 |  | Amortized cost |  | FVOCI |  |  |  |  |  | Total
Due within 1 year |  | 157,376 |  |  | — |  |  |  |  |  |  | 157,376 |
After 1 year but within 5 years |  | 813,012 |  |  | 11,824 |  |  |  |  |  |  | 824,836 |
After 5 years but within 10 years |  | 29,156 |  |  | — |  |  |  |  |  |  | 29,156 |
Balance - principal |  | 999,544 |  |  | 11,824 |  |  |  |  |  |  | 1,011,368 |
December 31, 2022 |  | Amortized cost |  | FVOCI |  |  |  |  |  | Total
Due within 1 year |  | 222,666 |  |  | 77,972 |  |  |  |  |  |  | 300,638 |
After 1 year but within 5 years |  | 711,328 |  |  | — |  |  |  |  |  |  | 711,328 |
After 5 years but within 10 years |  | 7,977 |  |  | — |  |  |  |  |  |  | 7,977 |
Balance - principal |  | 941,971 |  |  | 77,972 |  |  |  |  |  |  | 1,019,943 |
The following table includes the securities pledged to secure repurchase transactions (see note 19):
| December 31, |  |  |  |
| 2023 |  |  |  |  |  | 2022 |  |  |  |
Securities pledged to secure repurchase transactions | 342,271 |  |  |  |  |  | 345,187 |  |  |  |
Securities sold under repurchase agreements | (310,197) |  |  |  |  |  | (300,498) |  |  |  |
As of December 31, 2023, sales were made for $63.5 million of investments at amortized cost classified as Stage 2 with a significant increase in their credit risk. These sales resulted in write-off against reserves of $7.0 million and losses on sale of $3.9 million attributable to market risk. These sales were made based on compliance with the Bank's strategy to manage the credit risk of its investment portfolio.

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