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Securities Sold Under Agreements to Repurchase (Tables)
12 Months Ended
Dec. 31, 2019
Brokers And Dealers [Abstract]  
Summary of Securities Pledged as Collateral Under Repurchase Agreements

The following table presents detail regarding the securities pledged as collateral under repurchase agreements as of December 31, 2019 and 2018. All of the repurchase agreements are overnight agreements.

 

 

 

December 31, 2019

 

 

December 31, 2018

 

Securities pledged for repurchase agreements:

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

$

810

 

 

$

861

 

Obligations of U.S. government agencies

 

 

17,864

 

 

 

21,338

 

Total securities pledged

 

$

18,674

 

 

$

22,199

 

Gross amount of recognized liabilities for

   repurchase agreements

 

$

18,674

 

 

$

22,199

 

Amounts related to agreements not included in

   offsetting disclosures above

 

$

 

 

$

 

Schedule of Securities Sold Under Agreements to Repurchase

Information concerning securities sold under agreements to repurchase was as follows:

 

 

 

2019

 

 

2018

 

 

2017

 

Outstanding balance at year end

 

$

18,674

 

 

$

22,199

 

 

$

21,755

 

Average balance during the year

 

 

18,321

 

 

 

18,456

 

 

 

18,234

 

Average interest rate during the year

 

 

0.10

%

 

 

0.10

%

 

 

0.10

%

Maximum month-end balance during the year

 

$

21,970

 

 

$

22,199

 

 

$

23,889

 

Weighted average interest rate at year end

 

 

0.10

%

 

 

0.10

%

 

 

0.10

%