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Federal Funds Purchased and Securities Sold Under Agreements to Repurchase
 9 Months Ended
Sep. 30, 2018
Brokers And Dealers [Abstract]  
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase

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

 

The Company had $1.5 million and $10.4 million in Federal Funds Purchased as of September 30, 2018 and as of December 31, 2017, respectively.  During the same time periods, the company also had $25.6 million and $29.1 million in securities sold under agreement to repurchase.

 

 

 

September 30, 2018

 

 

 

Remaining Contractual Maturity of the Agreements (In Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Overnight & Continuous

 

 

Up to 30 days

 

 

30-90 days

 

 

Greater Than

90 days

 

 

Total

 

Federal funds purchased

 

$

1,452

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

1,452

 

Repurchase Agreements;

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US Treasury & agency securities

 

 

819

 

 

 

-

 

 

 

-

 

 

 

24,755

 

 

 

25,574

 

 

 

$

2,271

 

 

$

-

 

 

$

-

 

 

$

24,755

 

 

$

27,026

 

 

 

 

December 31, 2017

 

 

 

Remaining Contractual Maturity of the Agreements (In Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Overnight & Continuous

 

 

Up to 30 days

 

 

30-90 days

 

 

Greater Than

90 days

 

 

Total

 

Federal funds purchased

 

$

10,425

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

10,425

 

Repurchase Agreements;

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US Treasury & agency securities

 

 

6,145

 

 

 

-

 

 

 

-

 

 

 

22,925

 

 

 

29,070

 

 

 

$

16,570

 

 

$

-

 

 

$

-

 

 

$

22,925

 

 

$

39,495