Balance Sheet Offsetting (Tables)

9 Months Ended

Sep. 30, 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 Recognized (1)		Gross Amounts Offset in the Consolidated Statements of Financial Condition		Net Amounts Presented in the Consolidated Statements of Financial Condition		Gross Amounts Not Offset in the Consolidated Statements of Financial Condition				Net Amount
(Dollars in thousands)							Financial Instruments (2)		Cash Collateral (3)
September 30, 2023
Derivative assets:
Interest rate swaps	$	8,198	$	—	$	8,198	$	—	$	(6,730)	$	1,468
Total	$	8,198	$	—	$	8,198	$	—	$	(6,730)	$	1,468

Derivative liabilities:
Interest rate swaps	$	15,176	$	—	$	15,176	$	—	$	—	$	15,176
Total	$	15,176	$	—	$	15,176	$	—	$	—	$	15,176





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.