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Securities Sold Under Agreements to Repurchase
 12 Months Ended
Dec. 31, 2023
Disclosure of Repurchase Agreements [Abstract]  
Securities Sold Under Agreements to Repurchase Securities Sold Under Agreement to Repurchase
The Company has utilized securities sold under agreement to repurchase with one day maturities as a supplement to funding sources in the past. Securities sold under agreement to repurchase were secured by pledged investment securities. Under the securities sold under agreement to repurchase, the Company was required to maintain an aggregate market value of securities pledged greater than the balance of the securities sold under agreement to repurchase. The Company was required to pledge additional securities to cover any declines below the balance of the securities sold under agreement to repurchase. The Company discontinued utilizing these instruments during the year ended December 31, 2023.
The following table presents the balance of the Company's securities sold under agreement to repurchase obligations by class of collateral pledged at the date indicated:
December 31, 2023December 31, 2022
(Dollars in thousands)
Commercial CMO and MBS$— $46,597 
Total$— $46,597