XML 23 R14.htm IDEA: XBRL DOCUMENT
v3.23.2

Note 6 - Securities Sold Under Agreements to Repurchase | 6 Months Ended
--- | ---
Jun. 30, 2023
Notes to Financial Statements |
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block] | 6. SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE Securities sold under agreements to repurchase (“repurchase agreements”) are offered principally to certain large deposit customers. Information relating to our repurchase agreements follows:
|  | Six Months Ended |  |  | Twelve Months Ended |
|  | June 30, 2023 |  |  | December 31, 2022 |
Outstanding balance at end of period |  | $ | 219,457,000 |  |  | $ | 194,340,000 |
Average interest rate at end of period |  |  | 1.52 | % |  |  | 0.75 | %
Average daily balance during the period |  | $ | 213,853,000 |  |  | $ | 200,499,000 |
Average interest rate during the period |  |  | 1.17 | % |  |  | 0.15 | %
Maximum daily balance during the period |  | $ | 262,992,000 |  |  | $ | 235,577,000 |
Repurchase agreements have maturities of one business day. Repurchase agreements are treated as financings, and the obligations to repurchase securities sold are reflected as liabilities on our Consolidated Balance Sheets. Repurchase agreements are secured by U.S. Government agency securities with an aggregate fair value equal to the aggregate outstanding balance of the repurchase agreements. The securities, which are included in securities available for sale on our Consolidated Balance Sheets, are held in safekeeping by a correspondent bank.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 860 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//860/tableOfContent + Details
Name: | us-gaap_RepurchaseAgreementsResaleAgreementsSecuritiesBorrowedAndSecuritiesLoanedDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration