Balance Sheet Offsetting (Tables)

3 Months Ended

Mar. 31, 2024

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)
March 31, 2024
Derivative assets:
Interest rate swaps	$	6,488	$	—	$	6,488	$	—	$	(5,420)	$	1,068
Total	$	6,488	$	—	$	6,488	$	—	$	(5,420)	$	1,068

Derivative liabilities:
Interest rate swaps	$	12,019	$	—	$	12,019	$	—	$	—	$	12,019
Total	$	12,019	$	—	$	12,019	$	—	$	—	$	12,019





December 31, 2023
Derivative assets:
Interest rate swaps	$	5,643	$	—	$	5,643	$	—	$	(4,610)	$	1,033
Total	$	5,643	$	—	$	5,643	$	—	$	(4,610)	$	1,033

Derivative liabilities:
Interest rate swaps	$	10,705	$	—	$	10,705	$	—	$	—	$	10,705
Total	$	10,705	$	—	$	10,705	$	—	$	—	$	10,705

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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.