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NOTE 7 - PLEDGED ASSETS
9 Months Ended
Sep. 30, 2021
Guarantees and Product Warranties [Abstract]  
NOTE 7 - PLEDGED ASSETS

NOTE 7 - PLEDGED ASSETS

The following securities and loans were pledged to secure public and trust deposits, securities sold under agreements to repurchase, FHLBB advances and credit facilities available.

(in thousands)    September 30, 2021      December 31, 2020  
Securities available-for-sale (at fair value)  $66,877   $54,581 
Loans receivable (at book value)   382,840    420,415 
Total pledged assets  $449,717   $474,996 

 

At September 30, 2021, securities were pledged as follows: $56.41 million to secure public deposits, $10.45 million to secure repurchase agreements and $0.02 million to secure FHLBB advances. In addition to securities, loans receivable were pledged to secure FHLBB advances and credit facilities.