Federal Funds Purchased and Securities Sold Under Agreements to Repurchase

9 Months Ended

Sep. 30, 2017

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase

NOTE 7 FEDERAL FUNDS PURCHASED AND SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

The Company did not have any Federal Funds Purchased as of September 30, 2017 and had $17 million as of December 31, 2016. During the same time periods the company also had $35.5 million and $53.3 million in securities sold under agreement to repurchase.


	September 30, 2017
	Remaining Contratual Maturity of the Agreements (In Thousands)
	Overnight & Continuous		Up to 30 days		30-90 days		Greater Than 90 days		Total
Federal funds purchased	$	—	$	—	$	—	$	—	$	—
Repurchase Agreements;
US Treasury & agency securities	$	14,737	$	—	$	—	$	20,813	$	35,550

	$	14,737	$	—	$	—	$	20,813	$	35,550


	December 31, 2016
	Remaining Contratual Maturity of the Agreements (In Thousands)
	Overnight & Continuous		Up to 30 days		30-90 days		Greater Than 90 days		Total
Federal funds purchased	$	17,000	$	—	$	—	$	—	$	17,000
Repurchase Agreements;
US Treasury & agency securities	$	32,814	$	—	$	—	$	20,510	$	53,324

	$	49,814	$	—	$	—	$	20,510	$	70,324