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Note 9 - Pledged Collateral Related to Securities Sold Under Repurchase Agreements
12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Secured Borrowings [Text Block]

Note 9. 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 (repurchase agreements) as of December 31, 2021 and 2020 (in thousands):

 

  

2021

  

2020

 

Securities sold under agreements to repurchase:

        

U.S. government treasuries

 $4,971  $2,069 

U.S. government agencies

  38,045   39,362 

U.S. government mortgage-backed securities

  11,127   14,320 
         

Total pledged collateral

 $54,143  $55,751 

 

The following table summarizes the outstanding amount of, and the average rate on, repurchase agreements as of December 31, 2021 and 2020 (dollars in thousands).

 

  

2021

  

2020

 
                 
      

Average

      

Average

 
  

Balance

  

Rate

  

Balance

  

Rate

 
                 

Repurchase agreements

 $39,851   0.25% $37,293   0.30%