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Repurchase Agreements (Tables)
3 Months Ended
Mar. 31, 2022
Schedule of Repurchase Agreements

The following is a summary of the balances and collateral of the Company’s repurchase agreements:

 

   As of March 31, 2022 
(dollars in thousands)  Overnight and           Greater     
   Continuous   Up to 30 days   30-90 days   than 90 days   Total 
Repurchase agreements:                         
U.S. federal treasury obligations  $790   $-   $-   $-   $790 
U.S. federal agency obligations   2,774    -    -    -    2,774 
Agency mortgage-backed securities   3,440    -    -    -    3,440 
Total  $7,004   $-   $-   $-   $7,004 

 

   As of December 31, 2021 
(dollars in thousands)  Overnight and   Up to       Greater     
   Continuous   30 days   30-90 days   than 90 days   Total 
Repurchase agreements:                         
U.S. federal treasury obligations  $325   $-   $-   $-   $325 
U.S. federal agency obligations   3,008    -    -    -    3,008 
Agency mortgage-backed securities   4,070    -    -    -    4,070 
Total  $7,403   $-   $-   $-   $7,403