XML 35 R22.htm IDEA: XBRL DOCUMENT v3.22.0.1
Securities Sold Under Agreements to Repurchase
12 Months Ended
Dec. 31, 2021
Securities Sold under Agreements to Repurchase [Abstract]  
Securities sold under agreements to repurchase [Text Block] Securities Sold Under Agreements to RepurchaseThe Company’s securities sold under agreements to repurchase consist of sweep repurchase agreements that are generally short-term agreements. These agreements are treated as financing transactions and the obligations to repurchase securities sold are reflected as a liability in the Consolidated Financial Statements. The dollar amount of securities underlying the agreements remains in the applicable asset account of the Consolidated Financial Statements. These agreements had a balance of $86.0 million and a weighted average interest rate of 0.18% at December 31, 2021. All of these repurchase agreements in existence at December 31, 2021 mature on a daily basis. Securities available for sale with a carrying amount of $101.1 million at December 31, 2021 were pledged as collateral for the sweep repurchase agreement borrowings.