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Cash and Cash Equivalents
6 Months Ended
Jun. 30, 2022
Cash and Cash Equivalents [Abstract]  
Cash and Cash Equivalents

5. Cash and cash equivalents

At June 30, 2022 and December 31, 2021, cash and cash equivalents totaled $25.0 million and $180.2 million, respectively. There were no amounts required to be maintained at the Federal Reserve Bank of Boston at June 30, 2022 and December 31, 2021. At June 30, 2022 and December 31, 2021, the Company pledged $500,000 to the New Hampshire Banking Department relating to Cambridge Trust Company of New Hampshire, Inc.’s operations in that state. The Company did not have any cash pledged as collateral to derivative counterparties at June 30, 2022, as compared to the $13.3 million pledged at December 31, 2021. See Note 16- Derivative and Hedging Activities for a discussion of the Company’s derivative and hedging activities.