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Repurchase Agreements
 12 Months Ended
Dec. 31, 2023
Disclosure of Repurchase Agreements [Abstract]  
Repurchase Agreements Repurchase Agreements
Securities sold under agreements to repurchase consist of obligations of the Bank to other parties. The obligations are secured by federal agency collateralized mortgage obligations, federal agency mortgage–backed pools and private labeled mortgage–backed pools and such collateral is held in safekeeping by third parties. The maximum amount of outstanding agreements at any month end during 2023 and 2022 totaled $143.5 million and $148.7 million and the daily average of such agreements totaled $137.2 million and $141.0 million. The agreements at December 31, 2023 and 2022 are overnight agreements.
The following table shows repurchase agreements accounted for as secured borrowings and the related securities, at fair value, pledged for repurchase agreements:
December 31, 2023
Remaining Contractual Maturity of the Agreements
Overnight
and
Continuous		Up to 30 Days30–90 DaysGreater Than 90 DaysTotal
Repurchase Agreements and repurchase–to–maturity transactions
Federal agency collateralized mortgage obligations$2,245 $— $— $— $2,245 
Federal agency mortgage–backed pools126,349 — — — 126,349 
Private labeled mortgage–backed pools7,436 — — — 7,436 
Total borrowings$136,030 $— $— $— $136,030 
December 31, 2022
Remaining Contractual Maturity of the Agreements
Overnight
and
Continuous		Up to 30 Days30–90 DaysGreater Than 90 DaysTotal
Repurchase Agreements and repurchase–to–maturity transactions
Federal agency collateralized mortgage obligations$12,632 $— $— $— $12,632 
Federal agency mortgage–backed pools116,040 — — — 116,040 
Private labeled mortgage–backed pools9,199 — — — 9,199 
Total borrowings$137,871 $— $— $— $137,871 
The prior year Repurchase Agreement note was revised to conform with current year financial statements. As a result, the securities pledged as collateral are presented by repurchase agreement rather than in total.
Securities sold under agreements to repurchase are secured by securities with a carrying amount of $145.2 million and $160.5 million at December 31, 2023 and December 31, 2022, respectively.