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Repurchase Agreements
9 Months Ended
Sep. 30, 2021
Disclosure of Repurchase Agreements [Abstract]  
Repurchase Agreements Repurchase Agreements
The Company transfers various securities to customers in exchange for cash at the end of each business day and agrees to acquire the securities at the end of the next business day for the cash exchanged plus interest. The process is repeated at the end of each business day until the agreement is terminated. The securities underlying the agreement remained under the Company’s control.
The following table shows repurchase agreements accounted for as secured borrowings and the related securities, at fair value, pledged for repurchase agreements:
September 30, 2021
Remaining Contractual Maturity of the Agreements
Overnight
and
Continuous
Up to one
year
One to three
years
Three to five
years
Five to ten
years
Beyond ten
years
Total
Repurchase Agreements and repurchase-to-maturity transactions
Repurchase Agreements$145,164 $— $— $— $— $— $145,164 
Securities pledged for Repurchase Agreements
Federal agency collateralized mortgage obligations$38,641 $— $— $— $— $— $38,641 
Federal agency mortgage–backed pools111,415 — — — — — 111,415 
Total$150,056 $— $— $— $— $— $150,056