Securities Sold Under Agreements to Repurchase (Notes)

3 Months Ended

Mar. 31, 2019

Federal Funds Purchased and Securities Sold under Agreements to Repurchase [Abstract]

Securities Sold Under Agreements to Repurchase

Securities sold under agreements to repurchase, included with borrowings on the consolidated balance sheet, are shown below.



	Overnight and Continuous		Up to 30 days		30 - 90 days		Greater Than 90 days		Total
March 31, 2019
Repurchase agreements and repurchase-to-maturity transactions	$	1,106	$	—	$	—	$	—	$	1,106
Gross amount of recognized liabilities for repurchase agreements in Statements of Financial Condition									$	1,106

December 31, 2018
Repurchase agreements and repurchase-to-maturity transactions	$	1,049	$	—	$	—	$	—	$	1,049
Gross amount of recognized liabilities for repurchase agreements in Statements of Financial Condition									$	1,049

Securities sold under agreements to repurchase were secured by mortgage-backed securities with a carrying amount of $2.6 million and $2.7 million at March 31, 2019 and December 31, 2018, respectively. Because security values fluctuate due to market conditions, the Company has no control over the market value of securities sold under agreements to repurchase. The Company is contractually obligated to promptly transfer additional securities to the counterparty if the market value of the securities falls below the repurchase price.

Also included in total borrowings were fixed-rate advances, due within a year, from the FHLB of $15.0 million at March 31, 2019 and $20.0 million at December 31, 2018.