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OFFSETTING OF ASSETS AND LIABILITIES | 9 Months Ended
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Sep. 30, 2021
Offsetting [Abstract] |
OFFSETTING OF ASSETS AND LIABILITIES [Text Block] | 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 contracts subject to offsetting provisions related to financial assets and liabilities as well as derivative assets and liabilities, as of the indicated dates:
Offsetting of Financial Assets and Derivative Assets
As of September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Gross Amounts Not Offset in the Statement of Financial Condition |  |  |
|  |  |  |  |  |  | Net Amounts of Assets Presented in the Statement of Financial Condition |  |  |  |  |  |  |  |  |
| Gross Amounts of Recognized Assets |  | Gross Amounts Offset in the Statement of Financial Condition |  |  |  |  |  |  |  |
|  |  |  | Financial Instruments |  | Cash Collateral |  |
|  |  |  |  |  | Net Amount
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Description |  |
Derivatives | $ | 47 |  | $ | - |  | $ | 47 |  | $ | - |  | $ | (47) |  | $ | -
As of December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Gross Amounts Not Offset in the Statement of Financial Condition |  |  |
|  |  |  |  |  |  | Net Amounts of Assets Presented in the Statement of Financial Condition |  |  |  |  |  |  |  |  |
| Gross Amounts of Recognized Assets |  | Gross Amounts Offset in the Statement of Financial Condition |  |  |  |  |  |  |  |
|  |  |  | Financial Instruments |  | Cash Collateral |  |
|  |  |  |  |  | Net Amount
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Description |  |
Derivatives | $ | 89 |  | $ | - |  | $ | 89 |  | $ | - |  | $ | (89) |  | $ | -
Offsetting of Financial Liabilities and Derivative Liabilities
As of September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Gross Amounts Not Offset in the Statement of Financial Condition |  |  |
|  |  |  |  |  |  | Net Amounts of Liabilities Presented in the Statement of Financial Condition |  |  |  |  |  |  |  |  |
| Gross Amounts of Recognized Liabilities |  | Gross Amounts Offset in the Statement of Financial Condition |  |  |  |  |  |  |  |
|  |  |  | Financial Instruments |  | Cash Collateral |  |
|  |  |  |  |  | Net Amount
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Description |  |
Derivatives | $ | 1,224 |  | $ | - |  | $ | 1,224 |  | $ | (24) |  | $ | (1,200) |  | $ | -
Securities sold under agreements to repurchase |  | 300,000 |  |  | - |  |  | 300,000 |  |  | (300,000) |  |  | - |  |  | -
Total | $ | 301,224 |  | $ | - |  | $ | 301,224 |  | $ | (300,024) |  | $ | (1,200) |  | $ | -
As of December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Gross Amounts Not Offset in the Statement of Financial Condition |  |  |
|  |  |  |  |  |  | Net Amounts of Liabilities Presented in the Statement of Financial Condition |  |  |  |  |  |  |  |  |
| Gross Amounts of Recognized Liabilities |  | Gross Amounts Offset in the Statement of Financial Condition |  |  |  |  |  |  |  |
|  |  |  | Financial Instruments |  | Cash Collateral |  |
|  |  |  |  |  | Net Amount
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Description |  |
Derivatives | $ | 1,919 |  | $ | - |  | $ | 1,919 |  | $ | (1,919) |  | $ | - |  | $ | -
Securities sold under agreements to repurchase |  | 300,000 |  |  | - |  |  | 300,000 |  |  | (300,000) |  |  | - |  |  | -
Total | $ | 301,919 |  | $ | - |  | $ | 301,919 |  | $ | (301,919) |  | $ | - |  | $ | -

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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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