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OFFSETTING ASSETS AND LIABILITIES
 3 Months Ended
Mar. 31, 2016
Offsetting Assets And Liabilities [Abstract]  
OFFSETTING ASSETS AND LIABILITIES
NOTE 8. OFFSETTING ASSETS AND LIABILITIES
 
The following tables summarize gross and net information about financial instruments and derivative instruments that are offset in the statement of financial position or that are subject to an enforceable master netting arrangement at March 31, 2016 and December 31, 2015.
 
March 31, 2016
Gross
Net Amounts
Gross
Amounts
of Assets
Gross Amounts Not
Amounts of
Offset in the
presented in
Offset in the Statement
Recognized
Statement of
the Statement
of Financial Position
Assets/
Financial
of Financial
Financial
Cash Collateral
(dollars in thousands)
Liabilities
Position
Position
Instruments
Received
Net Amount
Assets
Interest Rate Swap Derivatives
$5,295
$0
$5,295
$0
$0
$5,295
Total Assets
$5,295
$0
$5,295
$0
$0
$5,295
Liabilities
Interest Rate Swap Derivatives
$5,624
$0
$5,624
$0
$(5,310)
$314
Repurchase Agreements
59,504
0
59,504
(59,504)
0
0
Total Liabilities
$65,128
$0
$65,128
$(59,504)
$(5,310)
$314
December 31, 2015
Gross
Net Amounts
Gross
Amounts
of Assets
Gross Amounts Not
Amounts of
Offset in the
presented in
Offset in the Statement
Recognized
Statement of
the Statement
of Financial Position
Assets/
Financial
of Financial
Financial
Cash Collateral
(dollars in thousands)
Liabilities
Position
Position
Instruments
Received
Net Amount
Assets
Interest Rate Swap Derivatives
$1,732
$0
$1,732
$0
$0
$1,732
Total Assets
$1,732
$0
$1,732
$0
$0
$1,732
Liabilities
Interest Rate Swap Derivatives
$1,748
$0
$1,748
$0
$(1,660)
$88
Repurchase Agreements
69,622
0
69,622
(69,622)
0
0
Total Liabilities
$71,370
$0
$71,370
$(69,622)
$(1,660)
$88
 
If an event of default occurs causing an early termination of an interest rate swap derivative, any early termination amount payable to one party by the other party may be reduced by set-off against any other amount payable by the one party to the other party.  If a default in performance of any obligation of a repurchase agreement occurs, each party will set-off property held in respect of transactions against obligations owing in respect of any other transactions.