Balance Sheet Offsetting (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of 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, 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	$	10	$	—	$	10	$	—	$	—	$	10
Customer-related positions:
Interest rate swaps	19,240		—		19,240		2,998		(11,370)		4,872
Risk participation agreements	5		—		5		—		—		5
Foreign currency exchange contracts – matched customer book	616		—		616		—		—		616
Foreign currency exchange contracts – foreign currency loan	38		—		38		—		—		38
	$	19,909	$	—	$	19,909	$	2,998	$	(11,370)	$	5,541
Derivative Liabilities
Interest rate swaps	$	241	$	—	$	241	$	—	$	241	$	—
Customer-related positions:
Interest rate swaps	67,944		—		67,944		2,998		—		64,946
Risk participation agreements	2		—		2		—		—		2
Foreign currency exchange contracts – matched customer book	626		—		626		—		—		626
Foreign currency exchange contracts – foreign currency loan	14		—		14		—		—		14
	$	68,827	$	—	$	68,827	$	2,998	$	241	$	65,588


	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