XML 33 R23.htm IDEA: XBRL DOCUMENT

Note 16 - Balance Sheet Offsetting

6 Months Ended

Jun. 30, 2022

Supplemental Balance Sheet Disclosures [Text Block]

16. Balance Sheet Offsetting

Certain financial instruments, including resell and repurchase agreements, securities lending arrangements and derivatives, may be eligible for offset in the Consolidated Balance Sheets and/or subject to master netting arrangements or similar agreements. The Company’s securities sold with agreements to repurchase and derivative transactions with upstream financial institution counterparties are generally executed under International Swaps and Derivative Association master agreements that include “right of set-off” provisions. In such cases, there is generally a legally enforceable right to offset recognized amounts and there may be an intention to settle such amounts on a net basis. Nonetheless, the Company does not generally offset such financial instruments for financial reporting purposes.

Financial instruments that are eligible for offset in the Consolidated Balance Sheets, as of June 30, 2022, and December 31, 2021, are set forth in the following table:

								Gross Amounts Not Offset in the Balance Sheet
	Gross Amounts Recognized		Gross Amounts Offset in the Balance Sheet			Net Amounts Presented in the Balance Sheet		Financial Instruments		Collateral Posted		Net Amount
	(In thousands)
June 30, 2022
Assets:
Derivatives	$	58,335	$	—		$	58,335	$	—	$	—	$	58,335

Liabilities:
Derivatives	$	33,706	$	—		$	33,706	$	—	$	—	$	33,706

December 31, 2021
Assets:
Derivatives	$	10,090	$	—		$	10,090	$	—	$	—	$	10,090

Liabilities:
Derivatives	$	15,748	$	(3,106	)	$	12,642	$	—	$	—	$	12,642