Balance Sheet Offsetting (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Financial Instruments Eligible for Offset in Consolidated Statements of Financial Condition

Financial instruments that are eligible for offset in the consolidated statements of financial condition as of the periods indicated are presented below:


							Gross Amounts Not Offset in the Consolidated Statements of Financial Condition
(Dollars in thousands)	Gross Amounts Recognized (1)		Gross Amounts Offset in the Consolidated Statements of Financial Condition		Net Amounts Presented in the Consolidated Statements of Financial Condition		Financial Instruments (2)		Cash Collateral (3)		Net Amount
March 31, 2023
Derivative assets:
Interest rate swaps	$	5,630	$	—	$	5,630	$	—	$	(4,720)	$	910
Total	$	5,630	$	—	$	5,630	$	—	$	(4,720)	$	910

Derivative liabilities:
Interest rate swaps	$	10,569	$	—	$	10,569	$	—	$	—	$	10,569
Total	$	10,569	$	—	$	10,569	$	—	$	—	$	10,569





December 31, 2022
Derivative assets:
Interest rate swaps	$	7,053	$	—	$	7,053	$	—	$	(5,440)	$	1,613
Total	$	7,053	$	—	$	7,053	$	—	$	(5,440)	$	1,613

Derivative liabilities:
Interest rate swaps	$	12,530	$	—	$	12,530	$	—	$	—	$	12,530
Total	$	12,530	$	—	$	12,530	$	—	$	—	$	12,530

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(1) Represents amounts after the application of variation margin payments as settlements with central counterparties, where applicable.

(2) Represents the fair value of securities pledged with counterparty bank.

(3) Represents cash collateral received from or pledged with counterparty bank. Amounts are limited to the derivative asset or liability balance and, accordingly, do not include excess collateral, if any, received or pledged.