XML 44 R31.htm IDEA: XBRL DOCUMENT
v3.23.3

BALANCE SHEET OFFSETTING (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Offsetting [Abstract] |
Offsetting Assets | 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 |  |
(Dollars 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, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps - dealer bank(2) |  | $ | 19,785 |  |  | $ | — |  |  | $ | 19,785 |  |  | $ | — |  |  | $ | (19,785) |  |  | $ | — |
Interest rate contracts(2) |  | 23,853 |  |  | — |  |  | 23,853 |  |  | — |  |  | (19,829) |  |  | 4,024 |
Total |  | $ | 43,638 |  |  | $ | — |  |  | $ | 43,638 |  |  | $ | — |  |  | $ | (39,614) |  |  | $ | 4,024 |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps - commercial customer(3) |  | $ | 19,834 |  |  | $ | — |  |  | $ | 19,834 |  |  | $ | — |  |  | $ | — |  |  | $ | 19,834 |
Interest rate contracts(2) |  | 2,817 |  |  | — |  |  | 2,817 |  |  | — |  |  | 2,817 |  |  | — |
Total |  | $ | 22,651 |  |  | $ | — |  |  | $ | 22,651 |  |  | $ | — |  |  | $ | 2,817 |  |  | $ | 19,834 |
Customer repurchase agreements |  | $ | 210,140 |  |  | $ | — |  |  | $ | 210,140 |  |  | $ | — |  |  | $ | — |  |  | $ | 210,140 |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps - dealer bank(2) |  | $ | 14,802 |  |  | $ | — |  |  | $ | 14,802 |  |  | $ | — |  |  | $ | — |  |  | $ | 14,802 |
Interest rate contracts(2) |  | 13,051 |  |  | — |  |  | 13,051 |  |  | — |  |  | (10,915) |  |  | 2,136 |
Total |  | $ | 27,853 |  |  | $ | — |  |  | $ | 27,853 |  |  | $ | — |  |  | $ | (10,915) |  |  | $ | 16,938 |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps - commercial customer(3) |  | $ | 14,850 |  |  | $ | — |  |  | 14,850 |  |  | $ | — |  |  | $ | — |  |  | $ | 14,850 |
Interest rate contracts(2) |  | 5,515 |  |  | — |  |  | 5,515 |  |  | — |  |  | 5,515 |  |  | — |
Total |  | $ | 20,365 |  |  | $ | — |  |  | $ | 20,365 |  |  | $ | — |  |  | $ | 5,515 |  |  | $ | 14,850 |
Customer repurchase agreements |  | $ | 196,451 |  |  | $ | — |  |  | $ | 196,451 |  |  | $ | 196,451 |  |  | $ | — |  |  | $ | — |
(1) The amount presented was the lesser of the amount pledged (received) or the net amount presented in the consolidated statements of condition. (2) The Company maintains master netting arrangements with each counterparty and settles collateral on a net basis for all contracts. (3) The Company manages its net exposure on its commercial customer loan swaps by obtaining collateral as part of the normal loan policy and underwriting practices. The Company does not post collateral to its commercial customers as part of its contract.
Offsetting Liabilities | 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 |  |
(Dollars 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, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps - dealer bank(2) |  | $ | 19,785 |  |  | $ | — |  |  | $ | 19,785 |  |  | $ | — |  |  | $ | (19,785) |  |  | $ | — |
Interest rate contracts(2) |  | 23,853 |  |  | — |  |  | 23,853 |  |  | — |  |  | (19,829) |  |  | 4,024 |
Total |  | $ | 43,638 |  |  | $ | — |  |  | $ | 43,638 |  |  | $ | — |  |  | $ | (39,614) |  |  | $ | 4,024 |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps - commercial customer(3) |  | $ | 19,834 |  |  | $ | — |  |  | $ | 19,834 |  |  | $ | — |  |  | $ | — |  |  | $ | 19,834 |
Interest rate contracts(2) |  | 2,817 |  |  | — |  |  | 2,817 |  |  | — |  |  | 2,817 |  |  | — |
Total |  | $ | 22,651 |  |  | $ | — |  |  | $ | 22,651 |  |  | $ | — |  |  | $ | 2,817 |  |  | $ | 19,834 |
Customer repurchase agreements |  | $ | 210,140 |  |  | $ | — |  |  | $ | 210,140 |  |  | $ | — |  |  | $ | — |  |  | $ | 210,140 |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps - dealer bank(2) |  | $ | 14,802 |  |  | $ | — |  |  | $ | 14,802 |  |  | $ | — |  |  | $ | — |  |  | $ | 14,802 |
Interest rate contracts(2) |  | 13,051 |  |  | — |  |  | 13,051 |  |  | — |  |  | (10,915) |  |  | 2,136 |
Total |  | $ | 27,853 |  |  | $ | — |  |  | $ | 27,853 |  |  | $ | — |  |  | $ | (10,915) |  |  | $ | 16,938 |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps - commercial customer(3) |  | $ | 14,850 |  |  | $ | — |  |  | 14,850 |  |  | $ | — |  |  | $ | — |  |  | $ | 14,850 |
Interest rate contracts(2) |  | 5,515 |  |  | — |  |  | 5,515 |  |  | — |  |  | 5,515 |  |  | — |
Total |  | $ | 20,365 |  |  | $ | — |  |  | $ | 20,365 |  |  | $ | — |  |  | $ | 5,515 |  |  | $ | 14,850 |
Customer repurchase agreements |  | $ | 196,451 |  |  | $ | — |  |  | $ | 196,451 |  |  | $ | 196,451 |  |  | $ | — |  |  | $ | — |
(1) The amount presented was the lesser of the amount pledged (received) or the net amount presented in the consolidated statements of condition. (2) The Company maintains master netting arrangements with each counterparty and settles collateral on a net basis for all contracts. (3) The Company manages its net exposure on its commercial customer loan swaps by obtaining collateral as part of the normal loan policy and underwriting practices. The Company does not post collateral to its commercial customers as part of its contract.

X
- References No definition available. + Details
Name: | us-gaap_OffsettingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial assets that are subject to offsetting, including master netting arrangements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483466/210-20-50-4 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483466/210-20-50-3 + Details
Name: | us-gaap_OffsettingAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483466/210-20-50-4 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483466/210-20-50-3 + Details
Name: | us-gaap_OffsettingLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration