XML 32 R19.htm IDEA: XBRL DOCUMENT v3.22.4
Securities Sold Under Agreements to Repurchase
 12 Months Ended
Dec. 31, 2022
Carrying Value of Securities Sold under Repurchase Agreements and Deposits Received for Securities Loaned [Abstract]  
Securities Sold Under Agreements to Repurchase Securities Sold Under Agreements to Repurchase
Information concerning securities sold under agreements to repurchase is as follows as of and for years ended December 31,:
20222021
Amount outstanding at period-end$36,721 $92,093 
Average daily balance during the period$54,335 $125,867 
Average interest rate during the period0.27 %0.05 %
Maximum month-end balance during the period$70,838 $160,865 
Weighted average interest rate at period-end0.42 %0.05 %
At December 31, 2022 and 2021, such agreements were secured by investment and mortgage-related securities with an approximate carrying amount of $48,931 and $108,714, respectively. Pledged securities are maintained by safekeeping agents at the direction of the Bank. Our agreements to repurchase generally mature daily, and are considered to be in an overnight and continuous position.