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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 ConditionGross Amount Offset in the Consolidated Statements of ConditionNet 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 ConditionGross Amount Offset in the Consolidated Statements of ConditionNet 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.