Repurchase Agreements

3 Months Ended

Sep. 30, 2024

Repurchase Agreements

Repurchase Agreements

Note 7: Repurchase Agreements

Securities sold under agreements to repurchase totaled $15.0 million at September 30, 2024, an increase of $5.6 million from $9.4 million at June 30, 2024. The following table sets forth the outstanding amounts and interest rates as of September 30, 2024 and June 30, 2024:

	September 30,			June 30,
(dollars in thousands)	2024			2024
Period-end balance	$	15,000		$	9,398
Average balance during the period		12,321			9,398
Maximum month-end balance during the period		15,000			9,398
Average interest during the period		5.19	%		5.39	%
Period-end interest rate		3.95	%		5.39	%

The repurchase agreements mature daily and the following sets forth the collateral pledged by class for repurchase agreements:

	September 30,		June 30,
(dollars in thousands)	2024		2024
Mortgage-backed securities (MBS)	$	15,867	$	9,981