XML 95 R19.htm IDEA: XBRL DOCUMENT v3.3.0.814
Note 12: Securities Sold Under Reverse Repurchase Agreements
 3 Months Ended
Sep. 30, 2015
Notes  
Note 12: Securities Sold Under Reverse Repurchase Agreements

NOTE 12: SECURITIES SOLD UNDER REVERSE REPURCHASE AGREEMENTS

 

The Bank enters into sales of securities under agreements to repurchase (reverse repurchase agreements).  Reverse repurchase agreements are treated as financings, and the obligations to repurchase securities sold are reflected as a liability in the statements of financial condition.  The dollar amount of securities underlying the agreements remains in the asset accounts.  Securities underlying the agreements are being held by the Bank during the agreement period.  All agreements are written on a term of one-month or less.

 

 

The following table represents the Company’s securities sold under reverse repurchase agreements, by collateral type and remaining contractual maturity.

 

 

September 30, 2015

 

December 31, 2014

 

Overnight and

 

Overnight and

 

Continuous

 

Continuous

(In Thousands)

 

 

 

FHLBank CD

$—

 

$10,000

Mortgage-backed securities – GNMA, FNMA, FHLMC

148,117

 

158,993

 

 

 

 

 

$148,117

 

$168,993