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Federal Funds Purchased and Securities Sold Under Agreements to Repurchase
 9 Months Ended
Sep. 30, 2023
Broker-Dealer [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, 2023 and $22.6 million as of December 31, 2022. During the same time periods, the Company had $30.5 million and $31.6 million in securities sold under agreement to repurchase.

 

 

 

September 30, 2023

 

 

 

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

 

$

1,559

 

 

$

-

 

 

$

-

 

 

$

28,968

 

 

$

30,527

 

Total

 

$

1,559

 

 

$

-

 

 

$

-

 

 

$

28,968

 

 

$

30,527

 

 

 

 

December 31, 2022

 

 

 

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

 

$

22,573

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

22,573

 

Repurchase agreements

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US Treasury & agency securities

 

$

1,115

 

 

$

-

 

 

$

-

 

 

$

30,518

 

 

$

31,633

 

Total

 

$

23,688

 

 

$

-

 

 

$

-

 

 

$

30,518

 

 

$

54,206