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Federal Funds Purchased and Securities Sold Under Agreements to Repurchase

9 Months Ended

Sep. 30, 2021

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, 2021 and December 31, 2020. During the same time periods, the Company had $29.6 million and $30.2 million in securities sold under agreement to repurchase.

	September 30, 2021
	Remaining Contractual Maturity of the Agreements (In Thousands)

	Overnight & Continuous		Up to 30 days		30-90 days		Greater Than 90 days		Total
Repurchase agreements
US Treasury & agency securities	$	1,240	$	2,156	$	750	$	25,455	$	29,601
Total	$	1,240	$	2,156	$	750	$	25,455	$	29,601

	December 31, 2020
	Remaining Contractual Maturity of the Agreements (In Thousands)

	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