NOTE 11 – SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

12 Months Ended

Dec. 31, 2022

NOTE 11 – SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

NOTE 11 – SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

Salisbury enters into overnight and short-term repurchase agreements with its customers. Securities sold under repurchase agreements are as follows:

December 31, (dollars in thousands)		2022			2021
Repurchase agreements, ending balance	$	7,228		$	11,430
Repurchase agreements, average balance during period		8,417			10,679
Book value of collateral		21,444			17,084
Market value of collateral		18,842			17,469
Weighted average rate during period		0.36	%		0.15	%
Weighted average maturity		1 day			1 day