Repurchase Agreements

12 Months Ended

Dec. 31, 2020

Repurchase Agreements

Note 14. Repurchase Agreements

Note 14. Repurchase Agreements

Securities sold under agreements to repurchase mature daily and consisted of the following:

As of or for the year ended

December 31,	2020			2019
Period end balance	$	38,727,312		$	33,189,848
Average balance		29,687,950			33,545,527
Highest month-end balance		38,727,312			38,868,833
Weighted average interest rate		0.86	%		0.89	%
Pledged investment (1)
Amortized cost		59,546,509			45,637,025
Fair value		60,705,178			45,966,750

1) U.S. GSE securities, Agency MBS, ABS and OAS, and CDs were pledged as collateral for the periods presented.