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Federal Funds Purchased and Securities Sold Under Agreements to Repurchase
 9 Months Ended
Sep. 30, 2020
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, 2020 and $17.8 million as of December 31, 2019, respectively.  During the same time periods, the Company also had $29.9 million and $30.2 million in securities sold under agreement to repurchase.

 

 

 

September 30, 2020

 

 

 

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

 

 

1,540

 

 

 

-

 

 

 

-

 

 

 

28,319

 

 

 

29,859

 

 

 

$

1,540

 

 

$

-

 

 

$

-

 

 

$

28,319

 

 

$

29,859

 

 

 

 

 

December 31, 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

 

$

17,843

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

17,843

 

Repurchase agreements

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US Treasury & agency securities

 

 

1,814

 

 

 

-

 

 

 

3,965

 

 

 

24,451

 

 

 

30,230

 

 

 

$

19,657

 

 

$

-

 

 

$

3,965

 

 

$

24,451

 

 

$

48,073