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Federal Funds Purchased and Securities Sold Under Agreements to Repurchase
 9 Months Ended
Sep. 30, 2019
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 no Federal Funds purchased as of September 30, 2019 and $6.5 million as of December 31, 2018, respectively.  During the same time periods, the company also had $30.1 million and $25.7 million in securities sold under agreement to repurchase.

 

 

 

September 30, 2019

 

 

 

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

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Repurchase agreements

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US Treasury & agency securities

 

 

1,698

 

 

 

-

 

 

 

-

 

 

 

28,358

 

 

 

30,056

 

 

 

$

1,698

 

 

$

-

 

 

$

-

 

 

$

28,358

 

 

$

30,056

 

 

 

 

December 31, 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

 

$

6,486

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

6,486

 

Repurchase agreements

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US Treasury & agency securities

 

 

806

 

 

 

-

 

 

 

-

 

 

 

24,889

 

 

 

25,695

 

 

 

$

7,292

 

 

$

-

 

 

$

-

 

 

$

24,889

 

 

$

32,181