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OFFSETTING ASSETS AND LIABILITIES | 12 Months Ended
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Dec. 31, 2023
OFFSETTING ASSETS AND LIABILITIES |
OFFSETTING ASSETS AND LIABILITIES | 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 December 31, 2023 and 2022.
| 2023
| Gross Amounts of Recognized Assets/ Liabilities |  | Gross Amounts Offset in the Statement of Financial Position |  | Net Amounts presented in the Statement of Financial Position |  | Gross Amounts Not Offset in the Statement of Financial Position |  |
(dollars in thousands) |  |  |  | Financial Instruments |  | Cash Collateral Position |  | Net Amount
Assets |  |  |  |  |  |  |  |  |  |  |
Interest Rate Swap Derivatives | $ | 27,189 |  |  | $ | 0 |  |  | $ | 27,189 |  |  | $ | 0 |  |  | $ | (25,555) |  |  | $ | 1,634 |
Total Assets | $ | 27,189 |  |  | $ | 0 |  |  | $ | 27,189 |  |  | $ | 0 |  |  | $ | (25,555) |  |  | $ | 1,634 |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Interest Rate Swap Derivatives | $ | 27,190 |  |  | $ | 0 |  |  | $ | 27,190 |  |  | $ | 0 |  |  | $ | (90) |  |  | $ | 27,100 |
Total Liabilities | $ | 27,190 |  |  | $ | 0 |  |  | $ | 27,190 |  |  | $ | 0 |  |  | $ | (90) |  |  | $ | 27,100 |
| 2022
| Gross Amounts of Recognized Assets/ Liabilities |  | Gross Amounts Offset in the Statement of Financial Position |  | Net Amounts presented in the Statement of Financial Position |  | Gross Amounts Not Offset in the Statement of Financial Position |  |
(dollars in thousands) |  |  |  | Financial Instruments |  | Cash Collateral Position |  | Net Amount
Assets |  |  |  |  |  |  |  |  |  |  |
Interest Rate Swap Derivatives | $ | 36,920 |  |  | $ | 0 |  |  | $ | 36,920 |  |  | $ | 0 |  |  | $ | (34,185) |  |  | $ | 2,735 |
Total Assets | $ | 36,920 |  |  | $ | 0 |  |  | $ | 36,920 |  |  | $ | 0 |  |  | $ | (34,185) |  |  | $ | 2,735 |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Interest Rate Swap Derivatives | $ | 36,921 |  |  | $ | 0 |  |  | $ | 36,921 |  |  | $ | 0 |  |  | $ | (90) |  |  | $ | 36,831 |
Total Liabilities | $ | 36,921 |  |  | $ | 0 |  |  | $ | 36,921 |  |  | $ | 0 |  |  | $ | (90) |  |  | $ | 36,831 |
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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- Definition The entire disclosure offsetting assets and liabilities. + References No definition available. + Details
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