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Federal Funds Purchased and Securities Sold Under Agreement to Repurchase (Tables) | 12 Months Ended
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Dec. 31, 2023
Broker-Dealer [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 |
2023 |  | $ | - |  |  |  | 0.00 | % |  | $ | 1,694 |  |  | $ | 1,176 |  |  |  | 1.19 | %
2022 |  | $ | 1,115 |  |  |  | 0.95 | % |  | $ | 1,450 |  |  | $ | 1,169 |  |  |  | 0.43 | %
|  | 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 |
2023 |  | $ | 28,218 |  |  |  | 0.98 | % |  | $ | 28,968 |  |  | $ | 28,918 |  |  |  | 3.97 | %
2022 |  | $ | 30,518 |  |  |  | 0.97 | % |  | $ | 34,504 |  |  | $ | 31,573 |  |  |  | 2.54 | %
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, 2023.
|  | December 31, 2023 |
|  | Remaining Contractual Maturity of the Agreements |
|  | Overnight & Continuous |  |  | Up to 30 days |  |  | 30-90 days |  |  | Greater Than 90 days |  |  | Total |
Federal funds purchased |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Repurchase agreements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
US Treasury & agency securities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 28,218 |  |  |  | 28,218 |
Total |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 28,218 |  |  | $ | 28,218 |

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- Definition Schedule of securities sold under agreement to repurchase. + References No definition available. + Details
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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://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483466/210-20-50-4 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 860 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147481420/860-30-50-1A + Details
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