XML 23 R13.htm IDEA: XBRL DOCUMENT v3.23.1
Cash and Cash Equivalents
3 Months Ended
Mar. 31, 2023
Cash and Cash Equivalents [Abstract]  
Cash and Cash Equivalents

5. Cash and cash equivalents

At March 31, 2023 and December 31, 2022, cash and cash equivalents totaled $70.8 million and $30.7 million, respectively. There were no amounts required to be maintained at the Federal Reserve Bank of Boston at March 31, 2023 and December 31, 2022. At March 31, 2023 and December 31, 2022, 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 March 31, 2023, or at December 31, 2022, respectively. See Note 16- Derivative and Hedging Activities for a discussion of the Company’s derivative and hedging activities.