Balance Sheet Offsetting (Tables)

6 Months Ended

Jun. 30, 2023

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 Consolidated Balance Sheet, as of the dates indicated:


	As of June 30, 2023
	Gross Amounts Recognized		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts Presented in the Consolidated Balance Sheet		Gross Amounts Not Offset in the Consolidated Balance Sheet				Net Amount
Description							Financial Instruments		Collateral Pledged/ (Received)
	(In thousands)
Derivative Assets
Interest rate swaps	$	1,378	$	—	$	1,378	$	—	$	—	$	1,378
Customer-related positions:
Interest rate swaps	20,842		—		20,842		286		(14,210)		6,346
Risk participation agreements	96		—		96		—		—		96
Foreign currency exchange contracts – matched customer book	118		—		118		—		—		118
	$	22,434	$	—	$	22,434	$	286	$	(14,210)	$	7,938
Derivative Liabilities
Interest rate swaps	$	25	$	—	$	25	$	—	$	25	$	—
Customer-related positions:
Interest rate swaps	78,464		—		78,464		286		344		77,834
Risk participation agreements	119		—		119		—		—		119
Foreign currency exchange contracts – matched customer book	105		—		105		—		—		105
Foreign currency exchange contracts – foreign currency loan	243		—		243		—		—		243
	$	78,956	$	—	$	78,956	$	286	$	369	$	78,301


	As of December 31, 2022
	Gross Amounts Recognized		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts Presented in the Consolidated Balance Sheet		Gross Amounts Not Offset in the Consolidated Balance Sheet				Net Amount
Description							Financial Instruments		Collateral Pledged/ (Received)
	(In thousands)
Derivative Assets
Interest rate swaps	$	16	$	—	$	16	$	—	$	—	$	16
Customer-related positions:
Interest rate swaps	23,567		—		23,567		381		(14,430)		8,756
Risk participation agreements	78		—		78		—		—		78
Foreign currency exchange contracts – matched customer book	198		—		198		—		—		198
Foreign currency exchange contracts – foreign currency loan	2		—		2		—		—		2
	$	23,861	$	—	$	23,861	$	381	$	(14,430)	$	9,050
Derivative Liabilities
Interest rate swaps	$	2,417	$	—	$	2,417	$	—	$	2,417	$	—
Customer-related positions:
Interest rate swaps	78,577		—		78,577		381		—		78,196
Risk participation agreements	130		—		130		—		—		130
Foreign currency exchange contracts – matched customer book	205		—		205		—		—		205
Foreign currency exchange contracts – foreign currency loan	93		—		93		—		—		93
	$	81,422	$	—	$	81,422	$	381	$	2,417	$	78,624