Balance Sheet Offsetting (Tables)

3 Months Ended

Mar. 31, 2021

Disclosure Detail Of Balance Sheet Offsetting Of Financial Assets And Liabilities

The following tables present the Company’s asset and liability positions that were eligible for offset and the potential effect of netting arrangements on its financial position, as of the dates indicated:


	As of March 31, 2021
	Gross Amounts Recognized		Gross Amounts Offset in the Statement of Financial Position		Net Amounts Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position				Net Amount
Description							Financial Instruments		Collateral Pledged (Received)
	(In thousands)

Derivative Assets
Interest rate swaps	$	—	$	—	$	—	$	—	$	—	$	—
Customer-related positions:
Interest rate swaps	90,748		—		90,748		1,426		—		89,322
Risk participation agreements	391		—		391		—		—		391
Foreign currency exchange contracts – matched customer book	81		—		81		—		—		81
Foreign currency exchange contracts – foreign currency loan	18		—		18		—		—		18
	$	91,238	$	—	$	91,238	$	1,426	$	—	$	89,812
Derivative Liabilities
Interest rate swaps	$	—	$	—	$	—	$	—	$	—	$	—
Customer-related positions:
Interest rate swaps	33,620		—		33,620		1,426		32,194		—
Risk participation agreements	530		—		530		—		—		530
Foreign currency exchange contracts – matched customer book	61		—		61		—		—		61
Foreign currency exchange contracts – foreign currency loan	5		—		5		—		—		5
	$	34,216	$	—	$	34,216	$	1,426	$	32,194	$	596


	As of December 31, 2020
	Gross Amounts Recognized		Gross Amounts Offset in the Statement of Financial Position		Net Amounts Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position				Net Amount
Description							Financial Instruments		Collateral Pledged (Received)
	(In thousands)
Derivative Assets
Interest rate swaps	$	—	$	—	$	—	$	—	$	—	$	—
Customer-related positions:
Interest rate swaps	141,822		—		141,822		48		—		141,774
Risk participation agreements	722		—		722		—		—		722
Foreign currency exchange contracts – matched customer book	90		—		90		—		(1)		89
Foreign currency exchange contracts – foreign currency loan	9		—		9		—		—		9
	$	142,643	$	—	$	142,643	$	48	$	(1)	$	142,594
Derivative Liabilities
Interest rate swaps	$	—	$	—	$	—	$	—	$	—	$	—
Customer-related positions:
Interest rate swaps	42,600		—		42,600		48		42,552		—
Risk participation agreements	1,230		—		1,230		—		—		1,230
Foreign currency exchange contracts – matched customer book	77		—		77		—		—		77
Foreign currency exchange contracts – foreign currency loan	69		—		69		—		—		69
	$	43,976	$	—	$	43,976	$	48	$	42,552	$	1,376