REPURCHASE AGREEMENTS

9 Months Ended

Sep. 30, 2018

REPURCHASE AGREEMENTS.

REPURCHASE AGREEMENTS

7.REPURCHASE AGREEMENTS

Repurchase agreements totaled $8.2 million at September 30, 2018. Of this, $5.2 million were overnight obligations and $3.0 million had terms extending through May 2021 and a weighted remaining average life of 1.6 years. The Company pledged agency and mortgage-backed securities with a carrying amount of $14.3 million to secure repurchase agreements as of September 30, 2018.