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Note 11: Securities Sold Under Reverse Repurchase Agreements and Short-term Borrowings | 3 Months Ended
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Jun. 30, 2016
Notes |
Note 11: Securities Sold Under Reverse Repurchase Agreements and Short-term Borrowings | NOTE 11: SECURITIES SOLD UNDER REVERSE REPURCHASE AGREEMENTS AND SHORT-TERM BORROWINGS
| June 30, 2016 |  | December 31, 2015
| (In Thousands)
Notes payable – Community Development |  |  |
Equity Funds | $1,060 |  | $1,295
Overnight borrowings from the Federal Home Loan Bank | 400,200 |  | --
Securities sold under reverse repurchase agreements | 121,818 |  | 116,182
| $523,078 |  | $117,477
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.
| June 30, 2016 |  | December 31, 2015
| Overnight and |  | Overnight and
| Continuous |  | Continuous
| (In Thousands)
Mortgage-backed securities – GNMA, FNMA, FHLMC | $121,818 |  | $116,182

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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64858031&loc=SL6224234-111729 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(m)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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