Federal Funds Purchased and Securities Sold Under Agreements to Repurchase

9 Months Ended

Sep. 30, 2022

Brokers And Dealers [Abstract]

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase

NOTE 7 FEDERAL FUNDS PURCHASED AND SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

The Company had $20.4 million in federal funds purchased as of September 30, 2022 and no federal funds purchased as of December 31, 2021. During the same time periods, the Company had $35.4 million and $29.3 million in securities sold under agreement to repurchase.

	September 30, 2022
	Remaining Contractual Maturity of the Agreements (In Thousands)
	Overnight & Continuous		Up to 30 days		30-90 days		Greater Than 90 days		Total
Federal funds purchased	$	20,356	$	-	$	-	$	-	$	20,356
Repurchase agreements
US Treasury & agency securities	$	1,359	$	-	$	5,069	$	29,018	$	35,446
Total	$	21,715	$	-	$	5,069	$	29,018	$	55,802

	December 31, 2021
	Remaining Contractual Maturity of the Agreements (In Thousands)
	Overnight & Continuous		Up to 30 days		30-90 days		Greater Than 90 days		Total
Federal funds purchased	$	-	$	-	$	-	$	-	$	-
Repurchase agreements
US Treasury & agency securities	$	1,062	$	-	$	3,900	$	24,306	$	29,268
Total	$	1,062	$	-	$	3,900	$	24,306	$	29,268