v3.26.1
Securities Sold Under Agreements to Repurchase
3 Months Ended
Mar. 31, 2026
Transfers and Servicing [Abstract]  
Securities Sold Under Agreements to Repurchase

 

(9)Securities Sold Under Agreements to Repurchase:

 

The agreements to repurchase securities require the Company (seller) to repurchase identical securities as those that are sold. The securities underlying the agreements were under the Company’s control. Information about the repurchase agreements at March 31, 2026 follows:

  

   Overnight and Continuous 
2026
Remaining Contractual Maturity of the Agreements
   Overnight and Continuous 
Repurchase agreements secured by:     
U.S. Government sponsored agencies  $12,784 
Mortgage-backed   6,074 
Collateralized mortgage obligations (CMOs)   2,988 
      
Total securities sold under agreements to repurchase  $21,846 

 

Information about the repurchase agreements at December 31, 2025 follows:

 

   Overnight and Continuous 

2025

Remaining Contractual Maturity of the Agreements
   Overnight and Continuous 
Repurchase agreements secured by:     
U.S. Government sponsored agencies  $12,846 
Mortgage-backed   7,234 
Collateralized mortgage obligations (CMOs)   3,025 
      
Total securities sold under agreements to repurchase  $23,105 

 

The maximum amount of outstanding agreements at any month end during 2026 and 2025 totaled $24,804 and $32,965 respectively, and the monthly average of such agreements totaled $21,740 and $22,373 for 2026 and 2025 respectively.