Balance Sheet Offsetting (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments Eligible for Offset Consolidated Balance Sheet

Information about financial instruments that are eligible for offset in the consolidated balance sheet as of March 31, 2022 is presented in the following tables.


	Gross Amount Recognized		Gross Amount Offset		Net Amount Recognized
March 31, 2022
Financial assets:
Derivatives:
Loan/lease interest rate swaps and caps	$	23,422	$	—	$	23,422
Commodity swaps and options	11,548		—		11,548
Foreign currency forward contracts	18		—		18
Total derivatives	34,988		—		34,988
Resell agreements	—		—		—
Total	$	34,988	$	—	$	34,988
Financial liabilities:
Derivatives:
Loan/lease interest rate swaps and caps	$	6,187	$	—	$	6,187
Commodity swaps and options	239,660		—		239,660
Foreign currency forward contracts	117		—		117
Total derivatives	245,964		—		245,964
Repurchase agreements	1,842,618		—		1,842,618
Total	$	2,088,582	$	—	$	2,088,582

Information about financial instruments that are eligible for offset in the consolidated balance sheet as of December 31, 2021 is presented in the following tables.


	Gross Amount Recognized		Gross Amount Offset		Net Amount Recognized
December 31, 2021
Financial assets:
Derivatives:
Loan/lease interest rate swaps and caps	$	4,446	$	—	$	4,446
Commodity swaps and options	18,864		—		18,864

Total derivatives	23,339		—		23,339
Resell agreements	7,903		—		7,903
Total	$	31,242	$	—	$	31,242
Financial liabilities:
Derivatives:
Loan/lease interest rate swaps and caps	$	19,176	$	—	$	19,176
Commodity swaps and options	94,843		—		94,843

Total derivatives	114,019		—		114,019
Repurchase agreements	2,740,799		—		2,740,799
Total	$	2,854,818	$	—	$	2,854,818

Financial Instruments Derivative Assets Liabilities and Resell Agreements Net of Amount Not Offset


			Gross Amounts Not Offset
	Net Amount Recognized		Financial Instruments		Collateral		Net Amount
March 31, 2022
Financial assets:
Derivatives:
Counterparty A	$	32	$	(32)	$	—	$	—
Counterparty B	11,998		(11,998)		—		—


Other counterparties	22,958		(16,251)		(6,707)		—
Total derivatives	34,988		(28,281)		(6,707)		—
Resell agreements	—		—		—		—
Total	$	34,988	$	(28,281)	$	(6,707)	$	—
Financial liabilities:
Derivatives:
Counterparty A	$	2,635	$	(32)	$	(2,603)	$	—
Counterparty B	46,953		(11,998)		(34,955)		—
Counterparty C	3		—		(3)		—

Other counterparties	196,373		(16,251)		(180,122)		—
Total derivatives	245,964		(28,281)		(217,683)		—
Repurchase agreements	1,842,618		—		(1,842,618)		—
Total	$	2,088,582	$	(28,281)	$	(2,060,301)	$	—


			Gross Amounts Not Offset
	Net Amount Recognized		Financial Instruments		Collateral		Net Amount
December 31, 2021
Financial assets:
Derivatives:
Counterparty A	$	6	$	(6)	$	—	$	—
Counterparty B	7,655		(7,655)		—		—


Other counterparties	15,678		(15,678)		—		—
Total derivatives	23,339		(23,339)		—		—
Resell agreements	7,903		—		(7,903)		—
Total	$	31,242	$	(23,339)	$	(7,903)	$	—
Financial liabilities:
Derivatives:
Counterparty A	$	3,870	$	(6)	$	(3,864)	$	—
Counterparty B	28,130		(7,655)		(20,475)		—
Counterparty C	9		—		(9)		—

Other counterparties	82,010		(15,678)		(66,225)		107
Total derivatives	114,019		(23,339)		(90,573)		107
Repurchase agreements	2,740,799		—		(2,740,799)		—
Total	$	2,854,818	$	(23,339)	$	(2,831,372)	$	107

Remaining Contractual Maturity of the Securities Sold Under Agreement [Table Text Block]

The remaining contractual maturity of repurchase agreements in the consolidated balance sheets as of March 31, 2022 and December 31, 2021 is presented in the following tables.


	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 Days		30-90 Days		Greater than 90 Days		Total
March 31, 2022
Repurchase agreements:
U.S. Treasury	$	876,879	$	—	$	—	$	—	$	876,879

Residential mortgage-backed securities	965,739		—		—		—		965,739
Total borrowings	$	1,842,618	$	—	$	—	$	—	$	1,842,618
Gross amount of recognized liabilities for repurchase agreements									$	1,842,618
Amounts related to agreements not included in offsetting disclosures above									$	—

December 31, 2021
Repurchase agreements:
U.S. Treasury	$	1,342,591	$	—	$	—	$	—	$	1,342,591

Residential mortgage-backed securities	1,398,208		—		—		—		1,398,208
Total borrowings	$	2,740,799	$	—	$	—	$	—	$	2,740,799
Gross amount of recognized liabilities for repurchase agreements									$	2,740,799
Amounts related to agreements not included in offsetting disclosures above									$	—