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Note 11 - Pledged Collateral Related to Securities Sold Under Repurchase Agreements

6 Months Ended

Jun. 30, 2020

11.

Pledged Collateral Related to Securities Sold Under Repurchase Agreements

The repurchase agreements mature daily and the following sets forth the pledged collateral at estimated fair value related to securities sold under repurchase agreements as of June 30, 2020 and December 31, 2019 (in thousands):

	2020		2019
Securities sold under agreements to repurchase:
U.S. government treasuries	$	2,486	$	3,528
U.S. government agencies		39,793		35,557
U.S. government mortgage-backed securities		14,495		19,614

Total pledged collateral	$	56,774	$	58,699

In the event the repurchase agreements exceed the estimated fair value of the pledged securities available-for-sale, the Company has unpledged securities available-for-sale that may be pledged on the repurchase agreements.