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Repurchase Agreements | 9 Months Ended
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Sep. 30, 2023
Disclosure of Repurchase Agreements [Abstract] |
Repurchase Agreements | Repurchase AgreementsThe Company transfers various securities to customers in exchange for cash at the end of each business day and agrees to acquire the securities at the end of the next business day for the cash exchanged plus interest. The process is repeated at the end of each business day until the agreement is terminated. The securities underlying the agreement remained under the Company’s control. The following tables show repurchase agreements accounted for as secured borrowings and the related securities, at fair value, pledged for repurchase agreements:
| September 30, 2023
| Remaining Contractual Maturity of the Agreements
| Overnight and Continuous |  | Up to 30 Days |  | 30-90 Days |  | Greater Than 90 Days |  | Total
Repurchase Agreements and repurchase-to-maturity transactions |  |  |  |  |  |  |  |  |
Federal agency collateralized mortgage obligations | $ | 8,346 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 8,346 |
Federal agency mortgage–backed pools | 125,391 |  |  | — |  |  | — |  |  | — |  |  | 125,391 |
Private labeled mortgage–backed pools | 8,757 |  |  | — |  |  | — |  |  | — |  |  | 8,757 |
Total borrowings | $ | 142,494 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 142,494 |
| December 31, 2022
| Remaining Contractual Maturity of the Agreements
| Overnight and Continuous |  | Up to 30 Days |  | 30-90 Days |  | Greater Than 90 Days |  | Total
Repurchase Agreements and repurchase-to-maturity transactions |  |  |  |  |  |  |  |  |
Federal agency collateralized mortgage obligations | $ | 12,632 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 12,632 |
Federal agency mortgage–backed pools | 116,041 |  |  | — |  |  | — |  |  | — |  |  | 116,041 |
Private labeled mortgage–backed pools | 9,198 |  |  | — |  |  | — |  |  | — |  |  | 9,198 |
Total borrowings | $ | 137,871 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 137,871 |
Securities sold under agreements to repurchase are secured by securities with a carrying amount of $154.8 million and $160.5 million at September 30, 2023 and December 31, 2022, respectively.

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- Definition Repurchase agreements. + References No definition available. + Details
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