Offsetting Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2020

Offsetting Assets And Liabilities Tables

Schedule of financial instruments that are eligible for offset [Table Text Block]

Certain financial instrument-related assets and liabilities may, under GAAP, be offset on the consolidated statements of condition because they are subject to master netting agreements or similar agreements, although the Company has elected to disclose such arrangements on a gross basis on its consolidated financial statements. The Company enters into interest rate swap agreements with financial institution counterparties. For additional detail regarding interest rate swap agreements refer to Note 5 within this section. In the event of default on, or termination of, any one contract, both parties have the right to net settle multiple contracts. Also, certain interest rate swap agreements may require the Company to receive or pledge cash or financial instrument collateral based on the contract provisions. The following table presents information about financial instruments that are eligible for offset as of June 30, 2020 and December 31, 2019:

									Gross Amounts Not Offset
	Gross Amounts Recognized			Gross Amounts Offset in the Statement of Financial Condition		Net Amounts of Assets Presented in the Statement of Financial Condition			Financial Instruments Recognized		Cash or Financial Instrument Collateral			Net Amount
	(dollars in thousands)
June 30, 2020
Assets:
Interest rate swaps	$	-		$	-	$	-		$	-	$	-		$	-
Liabilities:
Interest rate swaps	$	(3,277	)	$	-	$	(3,277	)	$	-	$	(3,277	)	$	-
December 31, 2019
Assets:
Interest rate swaps	$	-		$	-	$	-		$	-	$	-		$	-
Liabilities:
Interest rate swaps	$	(273	)	$	-	$	(273	)	$	-	$	-		$	(273	)