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Federal funds purchased and securities sold under agreements to repurchase (Tables)

12 Months Ended

Dec. 31, 2020

Federal funds purchased and securities sold under agreements to repurchase

Schedule of federal funds purchased and securities sold under agreements to repurchase

Information relating to federal funds purchased and repurchase agreements is as follows:


		Year End		Average		Average			Maximum
		Weighted		Weighted		Balance			Outstanding at			Balance at
(in thousands)		Rate		Rate		Outstanding			any Month End			December 31,
2020
Federal funds purchased		0.36	%	0.26	%	$	—		$	—		$	—
Short-term repurchase agreements - Bank		0.24		0.43			34,026			45,154			45,154
Total						$	34,026		$	45,154		$	45,154
2019
Federal funds purchased		2.00	%	2.65	%	$	329		$	1,950		$	—
Short-term repurchase agreements - Bank		0.45		0.59			22,198			27,272			27,272
Total						$	22,527		$	29,222		$	27,272

Schedule of repurchase agreements by remaining maturity of the agreements


Repurchase Agreements		Remaining Contractual Maturity of the Agreements
		Overnight			Less			Greater
		and			than			than
(in thousands)		continuous			90 days			90 days			Total
At December 31, 2020
U.S. government and federal agency obligations		$	2,728		$	—		$	—		$	2,728
U.S. government-sponsored enterprises			15,533			—			—			15,533
Mortgage-backed securities			26,893			—			—			26,893
Total		$	45,154		$	—		$	—		$	45,154

At December 31, 2019
U.S. Treasury		$	754		$	—		$	—		$	754
U.S. government-sponsored enterprises			12,853			—			—			12,853
Mortgage-backed securities			13,665			—			—			13,665
Total		$	27,272		$	—		$	—		$	27,272