XML 55 R42.htm IDEA: XBRL DOCUMENT v3.23.1
Repurchase Agreements (Tables)
 12 Months Ended
Dec. 31, 2022
Schedule of Repurchase Agreements

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

 

(Dollars in thousands)  Years ended December 31, 
   2022   2021 
Average daily balance during the year  $13,239   $5,915 
Average interest rate during the year   1.11%   0.19%
Maximum month-end balance during the year  $33,930   $8,250 
Weighted average interest rate at year-end   1.70%   0.19%

 

                          
   As of December 31, 2022 
   Overnight and
Continuous		   Up to 30 days   30-90 days   Greater
than 90 days		   Total 
Repurchase agreements:                         
U.S. federal treasury obligations  $25,973   $      -   $      -   $      -   $25,973 
U.S. federal agency obligations   1,236    -    -    -    1,236 
Agency mortgage-backed securities   2,193    -    -    -    2,193 
Total  $29,402   $-   $-   $-   $29,402 

 

                          
   As of December 31, 2021 
   Overnight and
Continuous		   Up to 30 days   30-90 days   Greater
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