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Repurchase Agreements | 9 Months Ended
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Sep. 30, 2023
Repurchase Agreements |
Repurchase Agreements | Note 8: Repurchase Agreements Securities sold under agreements to repurchase (“repurchase agreements”) with customers represent funds deposited by customers, generally on an overnight basis that are collateralized by investment securities owned by the Company. The following table presents the Company’s repurchase agreements accounted for as secured borrowings: Remaining Contractual Maturity of the Agreement (In thousands) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Overnight and |  | ​ |  | ​ | ​ |  | Greater than |  | ​ | ​
September 30, 2023 | ​ | Continuous | ​ | Up to 30 Days | ​ | 30‑90 Days | ​ | 90 Days | ​ | Total
Repurchase Agreements |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
State and municipal obligations | ​ | $ | 28,584 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 28,584
Total | ​ | $ | 28,584 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 28,584
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Overnight and |  | ​ | ​ |  | ​ | ​ |  | Greater than |  | ​ | ​
December 31, 2022 | ​ | Continuous | ​ | Up to 30 Days | ​ | 30‑90 Days | ​ | 90 Days | ​ | Total
Repurchase Agreements |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
State and municipal obligations | ​ | $ | 18,106 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 18,106
Total | ​ | $ | 18,106 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 18,106
​ These borrowings were collateralized with state and municipal obligations with a carrying value of $37.8 million at September 30, 2023 and $38.8 million at December 31, 2022. Declines in the fair value would require the Company to pledge additional securities.

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- References No definition available. + Details
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