end, advances from the FHLB were as follows:



	December 31,
	2019				2018
	Contractual Rate		Amount		Contractual Rate		Amount
Fixed-rate advance from FHLB, due within 1 year	—	%	$	—	2.51	%	$	20,000

The Company maintains a collateral pledge agreement covering secured advances whereby the Company has agreed to keep on hand, free of all other pledges, liens, and encumbrances, specifically identified whole first mortgages on improved residential property not more than 90-days delinquent to secure advances from the FHLB. All of the Bank’s FHLB common stock is pledged as additional collateral for these advances. At December 31, 2019, $32.5 million and $406.0 million of first mortgage and multi-family mortgage loans, respectively, collateralized potential advances. At December 31, 2019, we had the ability to borrow an additional $367.7 million under our credit facilities with the FHLB. The Company also had available pre-approved overnight federal funds borrowing. At December 31, 2019 and 2018, there was no outstanding balance on these lines.

Securities sold under agreements to repurchase are shown below.



	Overnight and Continuous		Up to 30 days		30 - 90 days		Greater Than 90 days		Total
December 31, 2019
Repurchase agreements and repurchase-to-maturity transactions	$	61	$	—	$	—	$	—	$	61
Gross amount of recognized liabilities for repurchase agreements in Statement of Financial Condition									$	61

December 31, 2018
Repurchase agreements and repurchase-to-maturity transactions	$	1,049	$	—	$	—	$	—	$	1,049
Gross amount of recognized liabilities for repurchase agreements in Statement of Financial Condition									$	1,049

Securities sold under agreements to repurchase were secured by mortgage-backed securities with a carrying amount of $2.0 million and $2.7 million at December 31, 2019 and 2018, respectively.

As the securities’ values fluctuate due to market conditions, the Company has no control over the market value. The Company is obligated to promptly transfer additional securities if the market value of the securities falls below the repurchase price, per the agreement.