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OFFSETTING OF ASSETS AND LIABILITIES | 6 Months Ended
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Jun. 30, 2019
Offsetting [Abstract] |
OFFSETTING OF ASSETS AND LIABILITIES | NOTE 13 – OFFSETTING OF ASSETS AND LIABILITIES The Corporation enters into master agreements with counterparties, primarily related to derivatives and repurchase agreements, that may allow for netting of exposures in the event of default. In an event of default, each party has a right of set-off against the other party for amounts owed under the related agreement and any other amount or obligation owed with respect to any other agreement or transaction between them. The following tables present information about the offsetting of financial assets and liabilities as well as derivative assets and liabilities:
Offsetting of Financial Assets and Derivative Assets
|  |  |  |  |  |  |  |  |  | Gross Amounts Not Offset in the Statement of Financial Position |  |  |
|  |  |  |  |  |  | Net Amounts of Assets Presented in the Statement of Financial Position |  |  |  |  |  |  |  |  |
| Gross Amounts of Recognized Assets |  | Gross Amounts Offset in the Statement of Financial Position |  |  |  |  |  |  |  |
|  |  |  | Financial Instruments |  | Cash Collateral |  |
As of June 30, 2019 |  |  |  |  |  | Net Amount
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Description |  |
Derivatives | $ | 96 |  | $ | - |  | $ | 96 |  | $ | - |  | $ | (96) |  | $ | -
Securities purchased under agreements to resell |  | 200,000 |  |  | (200,000) |  |  | - |  |  | - |  |  | - |  |  | -
Total | $ | 200,096 |  | $ | (200,000) |  | $ | 96 |  | $ | - |  | $ | (96) |  | $ | -
|  |  |  |  |  |  |  |  |  | Gross Amounts Not Offset in the Statement of Financial Position |  |  |
|  |  |  |  |  |  | Net Amounts of Assets Presented in the Statement of Financial Position |  |  |  |  |  |  |  |  |
| Gross Amounts of Recognized Assets |  | Gross Amounts Offset in the Statement of Financial Position |  |  |  |  |  |  |  |
|  |  |  | Financial Instruments |  | Cash Collateral |  |
As of December 31, 2018 |  |  |  |  |  | Net Amount
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Description |  |
Derivatives | $ | 623 |  | $ | - |  | $ | 623 |  | $ | - |  | $ | (623) |  | $ | -
Securities purchased under agreements to resell |  | 200,000 |  |  | (200,000) |  |  | - |  |  | - |  |  | - |  |  | -
Total | $ | 200,623 |  | $ | (200,000) |  | $ | 623 |  | $ | - |  | $ | (623) |  | $ | -
Offsetting of Financial Liabilities and Derivative Liabilities
|  |  |  |  |  |  |  |  |  | Gross Amounts Not Offset in the Statement of Financial Position |  |  |
|  |  |  |  |  |  | Net Amounts of Liabilities Presented in the Statement of Financial Position |  |  |  |  |  |  |  |  |
| Gross Amounts of Recognized Liabilities |  | Gross Amounts Offset in the Statement of Financial Position |  |  |  |  |  |  |  |
|  |  |  | Financial Instruments |  | Cash Collateral |  |
As of June 30, 2019 |  |  |  |  |  | Net Amount
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Description |  |
Securities sold under agreements to repurchase | $ | 300,000 |  | $ | (200,000) |  | $ | 100,000 |  | $ | (100,000) |  | $ | - |  | $ | -
|  |  |  |  |  |  |  |  |  | Gross Amounts Not Offset in the Statement of Financial Position |  |  |
|  |  |  |  |  |  | Net Amounts of Liabilities Presented in the Statement of Financial Position |  |  |  |  |  |  |  |  |
| Gross Amounts of Recognized Liabilities |  | Gross Amounts Offset in the Statement of Financial Position |  |  |  |  |  |  |  |
|  |  |  | Financial Instruments |  | Cash Collateral |  |
As of December 31, 2018 |  |  |  |  |  | Net Amount
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Description |  |
Securities sold under agreements to repurchase | $ | 350,086 |  | $ | (200,000) |  | $ | 150,086 |  | $ | (150,086) |  | $ | - |  | $ | -

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- References No definition available. + Details
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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
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