SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPURCHASE AGREEMENTS) (Tables)

12 Months Ended

Dec. 31, 2023

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPURCHASE AGREEMENTS) [Abstract]

Schedule Of Repurchase Agreements [Table Text Block]

Repurchase agreements consisted of the following as of the indicated dates:

December 31, 2023

December 31, 2022

(In thousands)

Short-term Fixed-rate repurchase agreements

(1) (2)

$

-

$

75,133

(1)

Weighted-average interest rate of

4.55

% as of December 31, 2022.

(2)

As of December 31, 2022, the securities underlying such agreements were delivered to the dealers with which the repurchase agreements were transacted. In accordance with the master

agreements, in the event of default, repurchase agreements have a right of set-off against the other party for amounts owed under the related agreement and any other amount or obligation

owed with respect to any other agreement or transaction between them. As of December 31, 2022, repurchase agreements were fully collateralized and not offset in the consolidated

statements of financial condition. See Note 24 - "Derivative Instruments and Hedging Activities" for information on rights of set-off associated to economic undesignated hedges.

Schedule Of Securities Sold Under Repurchase Agreements [Table Text Block]

The following securities were sold under agreements to repurchase as of the indicated date:

As of December 31, 2022

Underlying Securities

Amortized Cost

of Underlying

Securities

Balance of

Borrowing

Approximate

Fair Value of

Underlying

Securities

Weighted Average

Interest Rate of

Security

(Dollars in thousands)

U.S. government-sponsored agencies

$

60,081

$

50,134

$

54,093

0.62

%

MBS

29,959

24,999

27,010

2.08

%

 Total 

$

90,040

$

75,133

$

81,103

Accrued interest receivable

$

137