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OFFSETTING ASSETS AND LIABILITIES | 3 Months Ended
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Mar. 31, 2021
OFFSETTING ASSETS AND LIABILITIES |
OFFSETTING ASSETS AND LIABILITIES | NOTE 7. 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, 2021 and December 31, 2020. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2021
​ | ​ | ​ | ​ | ​ | Gross | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gross | ​ | Amounts | ​ | Net Amounts | ​ | 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 | ​ | Net
(dollars in thousands) |  | Liabilities |  | Position |  | Position |  | Instruments |  | Position |  | Amount
Assets |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Interest Rate Swap Derivatives | ​ | $ | 18,194 | ​ | $ | 0 | ​ | $ | 18,194 | ​ | $ | 0 | ​ | $ | (3,490) | ​ | $ | 14,704
Total Assets | ​ | $ | 18,194 | ​ | $ | 0 | ​ | $ | 18,194 | ​ | $ | 0 | ​ | $ | (3,490) | ​ | $ | 14,704
Liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest Rate Swap Derivatives | ​ | $ | 18,206 | ​ | $ | 0 | ​ | $ | 18,206 | ​ | $ | 0 | ​ | $ | (9,380) | ​ | $ | 8,826
Total Liabilities | ​ | $ | 18,206 | ​ | $ | 0 | ​ | $ | 18,206 | ​ | $ | 0 | ​ | $ | (9,380) | ​ | $ | 8,826
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2020
​ | ​ | ​ | ​ | ​ | Gross | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gross | ​ | Amounts | ​ | Net Amounts | ​ | 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 | ​ | Net
(dollars in thousands) |  | Liabilities |  | Position |  | Position |  | Instruments |  | Position |  | Amount
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest Rate Swap Derivatives | ​ | $ | 21,764 | ​ | $ | 0 | ​ | $ | 21,764 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 21,764
Total Assets | ​ | $ | 21,764 | ​ | $ | 0 | ​ | $ | 21,764 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 21,764
Liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest Rate Swap Derivatives | ​ | $ | 21,794 | ​ | $ | 0 | ​ | $ | 21,794 | ​ | $ | 0 | ​ | $ | (21,370) | ​ | $ | 424
Total Liabilities | ​ | $ | 21,794 | ​ | $ | 0 | ​ | $ | 21,794 | ​ | $ | 0 | ​ | $ | (21,370) | ​ | $ | 424
​ 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.

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