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Securities Sold Under Agreement to Repurchase

9 Months Ended

Sep. 30, 2020

Disclosure of Repurchase Agreements [Abstract]

Securities Sold Under Agreement to Repurchase

Securities Sold Under Agreement to Repurchase

The Company utilizes securities sold under agreement to repurchase with one day maturities secured by pledged investment securities available for sale as a supplement to funding sources. For additional information on the total value of investment securities pledged for securities sold under agreement to repurchase see Note (2) Investment Securities.

The following table presents the Company's securities sold under agreement to repurchase obligations by class of collateral pledged at the dates indicated:

			September 30, 2020						December 31, 2019
			(In thousands)
Residential CMO and MBS			$	3,844					$	8,452
Commercial CMO and MBS			25,199						11,717
Securities sold under agreement to repurchase			$	29,043					$	20,169

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- References

No definition available.

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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 http://asc.fasb.org/topic&trid=2197590

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