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Repurchase Agreements
12 Months Ended
Dec. 31, 2022
Text Block [Abstract]  
Repurchase Agreements Repurchase Agreements
Securities sold under agreements to repurchase consist of obligations of the Bank to other parties. The obligations are secured by federal agency collateralized mortgage obligations and federal agency mortgage-backed pools and such collateral is held in safekeeping by third parties. The maximum amount of outstanding agreements at any month end during 2022 and 2021 totaled $148.7 million and $145.2 million and the daily average of such agreements totaled $141.0 million and $123.7 million. The agreements at December 31, 2022 are overnight agreements.

The following table shows repurchase agreements accounted for as secured borrowings and the related securities, at fair value, pledged for repurchase agreements:
December 31, 2022
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$137,871 $— $— $— $— $— $137,871 
Securities pledged for Repurchase Agreements
Federal agency collateralized mortgage obligations$13,882 $— $— $— $— $— $13,882 
Federal agency mortgage–backed pools137,646 — — — — — 137,646 
Private labeled mortgage–backed pools8,989 — — — — — 8,989 
Total$160,517 $— $— $— $— $— $160,517