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BALANCE SHEET OFFSETTING (Notes) | 9 Months Ended
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Sep. 30, 2019
Offsetting [Abstract] |
Balance Sheet Offsetting | BALANCE SHEET OFSETTING The Company does not offset the carrying value for derivative instruments or repurchase agreements on the consolidated statements of condition. The Company and Bank do 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 7 for further discussion of repurchase agreements and Note 8 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 dates indicated:
|  |  |  |  |  |  |  | Gross Amount Not Offset in the Consolidated Statements of Condition |  |
(In thousands) |  | 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
September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps - commercial customer |  | $ | 24,260 |  |  | $ | — |  |  | $ | 24,260 |  |  | $ | — |  |  | $ | — |  |  | $ | 24,260 |
Interest rate swap |  | 1,507 |  |  | — |  |  | 1,507 |  |  | — |  |  | (1,507 | ) |  | — |
Total |  | $ | 25,767 |  |  | $ | — |  |  | $ | 25,767 |  |  | $ | — |  |  | $ | (1,507 | ) |  | $ | 24,260 |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps - dealer bank |  | $ | 24,258 |  |  | $ | — |  |  | $ | 24,258 |  |  | $ | — |  |  | $ | 24,258 |  |  | — |
Junior subordinated debt interest rate swaps |  | 9,602 |  |  | — |  |  | 9,602 |  |  | — |  |  | 9,602 |  |  | — |
Customer loan swaps - commercial customer |  | 2 |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | 2 |
Total |  | $ | 33,862 |  |  | $ | — |  |  | $ | 33,862 |  |  | $ | — |  |  | $ | 33,860 |  |  | $ | 2 |
Customer repurchase agreements |  | $ | 273,454 |  |  | $ | — |  |  | $ | 273,454 |  |  | $ | 273,454 |  |  | $ | — |  |  | $ | — |
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 |  |  | $ | — |  |  | $ | — |
(1) | The amount presented was the lesser of the amount pledged (received) or the net amount presented in the consolidated statements of condition.

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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
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- References No definition available. + Details
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