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BALANCE SHEET OFFSETTING (Tables)
 3 Months Ended
Mar. 31, 2024
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
March 31, 2024
Derivative assets:
Customer loan swaps - dealer bank(2)
$13,340 $— $13,340 $— $(8,800)$4,540 
Customer loan swaps - commercial customer(3)
1,003 — 1,003 — — 1,003 
Interest rate contracts(2)
17,636 — 17,636 — (14,339)3,297 
Total$31,979 $— $31,979 $— $(23,139)$8,840 
Derivative liabilities:
Customer loan swaps - commercial customer(3)
$14,373 $— $14,373 $— $— $14,373 
Interest rate contracts(2)
1,239 — 1,239 — 1,239 — 
Total$15,612 $— $15,612 $— $1,239 $14,373 
Customer repurchase agreements
$201,499 $— $201,499 $— $— $201,499 
December 31, 2023
Derivative assets:
Customer loan swaps - dealer bank(2)
$9,168 $— $9,168 $— $(8,800)$368 
Customer loan swaps - commercial customer(3)
1,531 — 1,531 — — 1,531 
Interest rate contracts(2)
12,206 — 12,206 — (10,071)2,135 
Total$22,905 $— $22,905 $— $(18,871)$4,034 
Derivative liabilities:
Customer loan swaps - commercial customer(3)
$10,748 $— 10,748 $— $— $10,748 
Interest rate contracts(2)
3,387 — 3,387 — 3,387 — 
Total$14,135 $— $14,135 $— $3,387 $10,748 
Customer repurchase agreements
$200,657 $— $200,657 $200,657 $— $— 
(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
March 31, 2024
Derivative assets:
Customer loan swaps - dealer bank(2)
$13,340 $— $13,340 $— $(8,800)$4,540 
Customer loan swaps - commercial customer(3)
1,003 — 1,003 — — 1,003 
Interest rate contracts(2)
17,636 — 17,636 — (14,339)3,297 
Total$31,979 $— $31,979 $— $(23,139)$8,840 
Derivative liabilities:
Customer loan swaps - commercial customer(3)
$14,373 $— $14,373 $— $— $14,373 
Interest rate contracts(2)
1,239 — 1,239 — 1,239 — 
Total$15,612 $— $15,612 $— $1,239 $14,373 
Customer repurchase agreements
$201,499 $— $201,499 $— $— $201,499 
December 31, 2023
Derivative assets:
Customer loan swaps - dealer bank(2)
$9,168 $— $9,168 $— $(8,800)$368 
Customer loan swaps - commercial customer(3)
1,531 — 1,531 — — 1,531 
Interest rate contracts(2)
12,206 — 12,206 — (10,071)2,135 
Total$22,905 $— $22,905 $— $(18,871)$4,034 
Derivative liabilities:
Customer loan swaps - commercial customer(3)
$10,748 $— 10,748 $— $— $10,748 
Interest rate contracts(2)
3,387 — 3,387 — 3,387 — 
Total$14,135 $— $14,135 $— $3,387 $10,748 
Customer repurchase agreements
$200,657 $— $200,657 $200,657 $— $— 
(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.