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Repurchase Agreements | 6 Months Ended
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Jun. 30, 2024
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 |  | ​ | ​
June 30, 2024 | ​ | Continuous | ​ | Up to 30 Days | ​ | 30‑90 Days | ​ | 90 Days | ​ | Total
Repurchase Agreements |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
State and municipal obligations | ​ | $ | 30,436 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 30,436
Total | ​ | $ | 30,436 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 30,436
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Overnight and |  | ​ | ​ |  | ​ | ​ |  | Greater than |  | ​ | ​
December 31, 2023 | ​ | Continuous | ​ | Up to 30 Days | ​ | 30‑90 Days | ​ | 90 Days | ​ | Total
Repurchase Agreements |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
State and municipal obligations | ​ | $ | 26,781 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 26,781
Total | ​ | $ | 26,781 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 26,781
​ These borrowings were collateralized with state and municipal obligations with a carrying value of $46.0 million at June 30, 2024 and $41.1 million at December 31, 2023. Declines in the fair value would require the Company to pledge additional securities.

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