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Balance Sheet Offsetting
 9 Months Ended
Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Balance Sheet Offsetting Balance Sheet Offsetting and Repurchase Agreements
Balance Sheet Offsetting. Certain financial instruments, including resell and repurchase agreements and derivatives, may be eligible for offset in the consolidated balance sheet and/or subject to master netting arrangements or similar agreements. Our derivative transactions with upstream financial institution counterparties are generally executed under International Swaps and Derivative Association (“ISDA”) master agreements which include “right of set-off” provisions. In such cases there is generally a legally enforceable right to offset recognized amounts and there may be an intention to settle such amounts on a net basis. Nonetheless, we do not generally offset such financial instruments for financial reporting purposes.
Information about financial instruments that are eligible for offset in the consolidated balance sheet as of September 30, 2020 is presented in the following tables.
Gross Amount
Recognized		Gross Amount
Offset		Net Amount
Recognized
September 30, 2020
Financial assets:
Derivatives:
Loan/lease interest rate swaps and caps$1,197 $— $1,197 
Commodity swaps and options19,650 — 19,650 
Foreign currency forward contracts— — — 
Total derivatives20,847 — 20,847 
Resell agreements20,000 — 20,000 
Total$40,847 $— $40,847 
Financial liabilities:
Derivatives:
Loan/lease interest rate swaps$37,142 $— $37,142 
Commodity swaps and options15,011 — 15,011 
Foreign currency forward contracts— — — 
Total derivatives52,153 — 52,153 
Repurchase agreements1,574,367 — 1,574,367 
Total$1,626,520 $— $1,626,520 
Gross Amounts Not Offset
Net Amount
Recognized		Financial
Instruments		CollateralNet
Amount
September 30, 2020
Financial assets:
Derivatives:
Counterparty A$8 $(8)$— $— 
Counterparty B5,996 (5,996)— — 
Other counterparties14,843 (14,510)(327)6 
Total derivatives20,847 (20,514)(327)6 
Resell agreements20,000 — (20,000)— 
Total$40,847 $(20,514)$(20,327)$6 
Financial liabilities:
Derivatives:
Counterparty A$7,178 $(8)$(7,170)$— 
Counterparty B14,386 (5,996)(8,210)180 
Counterparty C94 — (94)— 
Other counterparties30,495 (14,510)(13,971)2,014 
Total derivatives52,153 (20,514)(29,445)2,194 
Repurchase agreements1,574,367 — (1,574,367)— 
Total$1,626,520 $(20,514)$(1,603,812)$2,194 
Information about financial instruments that are eligible for offset in the consolidated balance sheet as of December 31, 2019 is presented in the following tables.
Gross Amount
Recognized		Gross Amount
Offset		Net Amount
Recognized
December 31, 2019
Financial assets:
Derivatives:
Loan/lease interest rate swaps and caps$339 $— $339 
Commodity swaps and options4,927 — 4,927 
Total derivatives5,266 — 5,266 
Resell agreements31,299 — 31,299 
Total$36,565 $— $36,565 
Financial liabilities:
Derivatives:
Loan/lease interest rate swaps$19,621 $— $19,621 
Commodity swaps and options6,986 — 6,986 
Foreign currency forward contracts33 — 33 
Total derivatives26,640 — 26,640 
Repurchase agreements1,668,142 — 1,668,142 
Total$1,694,782 $— $1,694,782 
Gross Amounts Not Offset
Net Amount
Recognized		Financial
Instruments		CollateralNet
Amount
December 31, 2019
Financial assets:
Derivatives:
Counterparty A$39 $(39)$— $— 
Counterparty B1,650 (1,650)— — 
Counterparty C1 (1)— — 
Other counterparties3,576 (3,546)— 30 
Total derivatives5,266 (5,236)— 30 
Resell agreements31,299 — (31,299)— 
Total$36,565 $(5,236)$(31,299)$30 
Financial liabilities:
Derivatives:
Counterparty A$5,192 $(39)$(5,153)$— 
Counterparty B7,424 (1,650)(5,774)— 
Counterparty C135 (1)(134)— 
Other counterparties13,889 (3,546)(10,343)— 
Total derivatives26,640 (5,236)(21,404)— 
Repurchase agreements1,668,142 — (1,668,142)— 
Total$1,694,782 $(5,236)$(1,689,546)$— 
Repurchase Agreements. We utilize securities sold under agreements to repurchase to facilitate the needs of our customers and to facilitate secured short-term funding needs. Securities sold under agreements to repurchase are stated at the amount of cash received in connection with the transaction. We monitor collateral levels on a continuous basis. We may be required to provide additional collateral based on the fair value of the underlying securities. Securities pledged as collateral under repurchase agreements are maintained with our safekeeping agents.
The remaining contractual maturity of repurchase agreements in the consolidated balance sheets as of September 30, 2020 and December 31, 2019 is presented in the following tables.
Remaining Contractual Maturity of the Agreements
Overnight and ContinuousUp to 30 Days30-90 DaysGreater than 90 DaysTotal
September 30, 2020
Repurchase agreements:
U.S. Treasury$99,365 $— $— $— $99,365 
Residential mortgage-backed securities1,475,002 — — — 1,475,002 
Total borrowings$1,574,367 $— $— $— $1,574,367 
Gross amount of recognized liabilities for repurchase agreements$1,574,367 
Amounts related to agreements not included in offsetting disclosures above$— 
December 31, 2019
Repurchase agreements:
U.S. Treasury$435,904 $— $— $— $435,904 
Residential mortgage-backed securities1,232,238 — — — 1,232,238 
Total borrowings$1,668,142 $— $— $— $1,668,142 
Gross amount of recognized liabilities for repurchase agreements$1,668,142 
Amounts related to agreements not included in offsetting disclosures above$—