Balance Sheet Offsetting

The Company does not offset the carrying value for derivative instruments or repurchase agreements on the consolidated statements of condition. The Company and Bank does net the amount recognized for the right to reclaim cash collateral against the obligation to return cash collateral arising from instruments executed with the same counterparty under a master netting arrangement. Collateral legally required to be pledged or received is monitored and adjusted as necessary. Refer to Note 10 for further discussion of repurchase agreements and Note 11 for further discussion of derivative instruments.

The following table presents the Company's derivative positions and repurchase agreements, and the potential effect of netting arrangements on its financial position, as of the periods indicated:



							Gross Amount Not Offset in the Consolidated Statements of Condition
	Gross Amount Recognized in the Consolidated Statements of Condition		Gross Amount Offset in the Consolidated Statements of Condition		Net Amount Presented in the Consolidated Statements of Condition		Financial Instruments Pledged (Received)⁽¹⁾		Cash Collateral Pledged (Received)⁽¹⁾			Net Amount
December 31, 2018
Derivative assets:
Customer loan swaps - dealer bank	$	4,374	$	—	$	4,374	$	—	$	(4,374	)	$	—
Customer loan swaps - commercial customer	3,467		—		3,467		—		—			3,467
FHLBB advance interest rate swaps	30		—		30		—		(30		)	—
Total	$	7,871	$	—	$	7,871	$	—	$	(4,404	)	$	3,467
Derivative liabilities:
Junior subordinated debt interest rate swaps	$	5,682	$	—	$	5,682	$	—	$	5,682		$	—
Customer loan swaps - commercial customer	7,841		—		7,841		—		—			7,841
Total	$	13,523	$	—	$	13,523	$	—	$	5,682		$	7,841
Customer repurchase agreements	$	245,868	$	—	$	245,868	$	245,868	$	—		$	—
December 31, 2017
Derivative assets:
Customer loan swaps - dealer bank	$	3,237	$	—	$	3,237	$	—	$	—		$	3,237
Customer loan swaps - commercial customer	1,799		—		1,799		—		—			1,799
FHLBB advance interest rate swaps	21		—		21		—		—			21
Total	$	5,057	$	—	$	5,057	$	—	$	—		$	5,057
Derivative liabilities:
Junior subordinated debt interest rate swaps	$	7,571	$	—	$	7,571	$	—	$	7,571		$	—
Customer loan swaps - commercial customer	5,036		—		5,036		—		—			5,036
Total	$	12,607	$	—	$	12,607	$	—	$	7,571		$	5,036
Customer repurchase agreements	$	244,646	$	—	$	244,646	$	244,646	$	—		$	—


(1)	The amount presented was the lesser of the amount pledged (received) or the net amount presented in the consolidated statements of condition.