Balance Sheet Offsetting (Tables)

3 Months Ended

Mar. 31, 2024

Schedule 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 March 31, 2024
	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	$	11	$	—	$	11	$	—	$	—	$	11
Customer-related positions:
Interest rate swaps	20,924		—		20,924		4,498		(10,810)		5,616
Risk participation agreements	6		—		6		—		—		6
Foreign currency exchange contracts – matched customer book	1,340		—		1,340		—		—		1,340
Foreign currency exchange contracts – foreign currency loan	35		—		35		—		—		35
	$	22,316	$	—	$	22,316	$	4,498	$	(10,810)	$	7,008
Derivative Liabilities
Interest rate swaps	$	1,595	$	—	$	1,595	$	—	$	1,595	$	—
Customer-related positions:
Interest rate swaps	71,181		—		71,181		4,498		—		66,683
Risk participation agreements	3		—		3		—		—		3
Foreign currency exchange contracts – matched customer book	1,202		—		1,202		—		—		1,202
	$	73,981	$	—	$	73,981	$	4,498	$	1,595	$	67,888


	As of December 31, 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	$	10	$	—	$	10	$	—	$	—	$	10
Customer-related positions:
Interest rate swaps	19,535		—		19,535		4,871		(8,500)		6,164
Risk participation agreements	151		—		151		—		—		151
Foreign currency exchange contracts – matched customer book	760		—		760		—		—		760
	$	20,456	$	—	$	20,456	$	4,871	$	(8,500)	$	7,085
Derivative Liabilities
Interest rate swaps	$	893	$	—	$	893	$	—	$	893	$	—
Customer-related positions:
Interest rate swaps	61,217		—		61,217		4,871		1,860		54,486
Risk participation agreements	106		—		106		—		—		106
Foreign currency exchange contracts – matched customer book	672		—		672		—		—		672
Foreign currency exchange contracts – foreign currency loan	187		—		187		—		—		187
	$	63,075	$	—	$	63,075	$	4,871	$	2,753	$	55,451