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Federal Funds Purchased and Securities Sold Under Agreement to Repurchase (Tables) | 12 Months Ended
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Dec. 31, 2020
Brokers And Dealers [Abstract] |
Daily Securities under Agreement to Repurchase | The table below presents the daily securities sold under agreement to repurchase and the term repurchase agreements. It does not include the Bank’s federal funds purchased.
|  | Daily Securities Sold Under Agreement to Repurchase |
|  | Amount |  |  | Weighted |  |  | Maximum Amount |  |  | Approximate |  |  | Approximate |
|  | Outstanding |  |  | Average |  |  | Borrowings |  |  | Average |  |  | Weighted Average |
|  | at End |  |  | Rate End |  |  | Outstanding |  |  | Outstanding in |  |  | Interest Rate |
|  | of Period (000's) |  |  | of Period |  |  | Month End (000's) |  |  | Period (000's) |  |  | For the Period |
2020 |  | $ | 1,899 |  |  |  | 1.08 | % |  | $ | 2,568 |  |  | $ | 1,765 |  |  |  | 1.00 | %
2019 |  | $ | 1,814 |  |  |  | 1.08 | % |  | $ | 1,864 |  |  | $ | 1,302 |  |  |  | 0.65 | %
|  | Term CD's Sold Under Agreement to Repurchase |
|  | Amount |  |  | Weighted |  |  | Maximum Amount |  |  | Approximate |  |  | Approximate |
|  | Outstanding |  |  | Average |  |  | Borrowings |  |  | Average |  |  | Weighted Average |
|  | at End |  |  | Rate End |  |  | Outstanding |  |  | Outstanding in |  |  | Interest Rate |
|  | of Period (000's) |  |  | of Period |  |  | Month End (000's) |  |  | Period (000's) |  |  | For the Period |
2020 |  | $ | 28,340 |  |  |  | 1.00 | % |  | $ | 29,261 |  |  | $ | 28,379 |  |  |  | 2.52 | %
2019 |  | $ | 28,416 |  |  |  | 1.39 | % |  | $ | 28,416 |  |  | $ | 26,421 |  |  |  | 2.33 | %
Schedule of Remaining Contractual Maturity in Repurchase Agreements and Collateral Pledged | The table below shows the remaining contractual maturity in the repurchase agreements and the collateral pledged as of December 31, 2020.
|  | December 31, 2020 |
|  | Remaining Contractual Maturity of the Agreements |
|  | Overnight & Continuous |  |  | Up to 30 days |  |  | 30-90 days |  |  | Greater Than 90 days |  |  | Total |
Repurchase agreements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
US Treasury & agency securities |  |  | 1,899 |  |  |  | - |  |  |  | 3,900 |  |  |  | 24,440 |  |  |  | 30,239 |
Total |  | $ | 1,899 |  |  | $ | - |  |  | $ | 3,900 |  |  | $ | 24,440 |  |  | $ | 30,239 |

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- Definition Tabular disclosure of securities financing transactions including resale and repurchase agreements, securities borrowed and lending transactions, securities received as collateral and obligations to return securities received as collateral. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(m)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312 + Details
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