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Offsetting Assets and Liabilities | 6 Months Ended
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Jun. 30, 2019
Offsetting [Abstract] |
Offsetting Assets and Liabilities | Note 15. Offsetting Assets and Liabilities Certain financial instrument-related assets and liabilities may be eligible for offset on the consolidated statements of condition because they are subject to master netting agreements or similar agreements. However, the Company does not elect to offset such arrangements on the consolidated financial statements. The Company enters into interest rate swap agreements with financial institution counterparties. For additional detail regarding interest rate swap agreements refer to Note 5 within this section. In the event of default on, or termination of, any one contract, both parties have the right to net settle multiple contracts. Also, certain interest rate swap agreements may require the Company to receive or pledge cash or financial instrument collateral based on the contract provisions. The following table presents information about financial instruments that are eligible for offset as of June 30, 2019 and December 31, 2018:
|  |  |  |  |  |  |  |  |  |  | Gross Amounts Not Offset
|  |  |  |  |  |  |  | Net Amounts |  |  |  |  |  |  |  |  |
|  |  |  |  | Gross Amounts |  | of Assets |  |  |  |  |  |  |  |  |
|  |  |  |  | Offset in the |  | Presented in the |  |  |  |  | Cash or |  |  |
|  |  |  |  | Statement of |  | Statement of |  | Financial |  | Financial |  |  |
|  | Gross Amounts |  | Financial |  | Financial |  | Instruments |  | Instrument |  | Net
|  | Recognized |  | Condition |  | Condition |  | Recognized |  | Collateral |  | Amount
|  | (dollars in thousands)
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 128 |  | $ | - |  | $ | 128 |  | $ | - |  | $ | 128 |  | $ | -
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 1,159 |  | $ | - |  | $ | 1,159 |  | $ | - |  | $ | - |  | $ | 1,159
As of December 31, 2018, there was no financial collateral pledged to our interest rate swaps. As these swap positions were not within the contractually agreed upon collateral requirement there was no collateral pledged to, or from, the respective counterparties.

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