XML 33 R19.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Short-Term Borrowings | 12 Months Ended
--- | ---
Dec. 31, 2023
Short-Term Borrowings. |
Short-Term Borrowings | Note 10: Short-Term Borrowings Short-term borrowings at December 31, 2023 and 2022, are summarized as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
​ | ​ | (In Thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​
Notes payable – Community Development Equity Funds | ​ | $ | 1,610 | ​ | $ | 1,083
Securities sold under reverse repurchase agreements | ​ |  | 70,843 | ​ |  | 176,843
Overnight borrowings from the Federal Home Loan Bank | ​ |  | 251,000 | ​ |  | 88,500
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | $ | 323,453 | ​ | $ | 266,426
​ 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. Short-term borrowings had weighted average interest rates of 4.76% at December 31, 2023, compared to 2.16% at December 31, 2022. Short-term borrowings averaged approximately $225.1 million and $181.1 million for the years ended December 31, 2023 and 2022, respectively. The maximum amounts outstanding at any month end were $410.6 million and $317.7 million, respectively, during those same years. The following table represents the Company’s securities sold under reverse repurchase agreements, which contractually mature daily, at December 31, 2023 and 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
​ |  | ​ | (In Thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​
Mortgage-backed securities – GNMA, FNMA, FHLMC | ​ | $ | 70,843 | ​ | $ | 176,843
​

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

X
- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//470/tableOfContent + Details
Name: | us-gaap_ShortTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration