SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Details) - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
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Broker-Dealer [Abstract] | ||
Securities sold under agreements to repurchase | $ 42,442 | $ 43,081 |
Weighted average rate as of end of year | 2.42% | 0.28% |
Fair value of securities underlying the agreements | $ 49,303 | $ 50,771 |
Carrying value of securities underlying the agreements | $ 52,958 | $ 55,850 |
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- References No definition available.
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- Definition Carrying amount of assets sold under agreements to repurchase when the carrying amount (or market value, if higher than the carrying amount) of securities or other assets sold under repurchase agreements exceeds 10 percent of total assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Interest rate on the amount to be repaid to the counterparty to the repurchase agreement when the carrying amount (or market value, if higher than the carrying amount) of securities or other assets sold under the repurchase agreement exceeds 10 percent of total assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Market value of assets sold under agreements to repurchase when the carrying amount (or market value, if higher than the carrying amount) of securities or other assets sold under repurchase agreements exceeds 10 percent of total assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after the effects of master netting arrangements, of funds outstanding borrowed in the form of a security repurchase agreement between the entity and another party for the sale and repurchase of identical or substantially the same securities at a date certain for a specified price. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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