INTERNATIONAL BANCSHARES CORP
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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EX-13 · (7) Securities Sold Under Repurchase Agreements
(7) Securities Sold Under Repurchase Agreements
Our Subsidiary Banks have entered into repurchase agreements with individual customers of the Subsidiary Banks. The purchasers have agreed to resell to the Subsidiary Banks identical securities upon the maturities of the agreements. Securities sold under repurchase agreements were mortgage-backed securities and averaged $616,547,000 and $616,208,000 during 2025 and 2024, respectively, and the maximum amount outstanding at any month end during 2025 and 2024 was $670,596,000 and $713,772,000, respectively.
Further information related to repurchase agreements at December 31, 2025 and 2024 is set forth in the following table:
| | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Collateral Securities · · Repurchase Borrowing | ||||||||||||
| · · Book Value of · · Fair Value of · · Balance of · · Weighted Average | ||||||||||||
| · · Securities Sold · · Securities Sold · · Liability · · Interest Rate | ||||||||||||
| · · (Dollars in Thousands) | ||||||||||||
| December 31, 2025 term: | | | | | | | | | | | | |
| Overnight agreements | | $772,719 | | $705,788 | | $572,895 | 3.02% | |||||
| 1 to 29 days | | 17,150 | | 15,778 | | 11,579 | 3.85 | | ||||
| 30 to 90 days | | — | | — | | — | — | | ||||
| Over 90 days | | 2,084 | | 2,066 | | 1,070 | 2.75 | | ||||
| Total | | $791,953 | | $723,632 | | $585,544 | 3.03% | |||||
| December 31, 2024 term: | | | | | | | | | | | | |
| Overnight agreements | | $775,760 | | $687,091 | | $523,152 | 3.09% | |||||
| 1 to 29 days | | 15,872 | | 13,604 | | 11,100 | 4.75 | | ||||
| 30 to 90 days | | — | | — | | — | — | | ||||
| Over 90 days | | 1,914 | | 1,871 | | 1,070 | 4.00 | | ||||
| Total | | $793,546 | | $702,566 | | $535,322 | 3.12% | |||||
The book value and fair value of securities sold includes the entire book value and fair value of securities partially or fully pledged under repurchase agreements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.