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OFFSETTING ASSETS AND LIABILITIES
 9 Months Ended
Sep. 30, 2021
OFFSETTING ASSETS AND LIABILITIES  
OFFSETTING ASSETS AND LIABILITIES OFFSETTING ASSETS AND LIABILITIES
The following tables summarize gross and net information about financial instruments and derivative instruments that are offset in the statement of financial position or that are subject to an enforceable master netting arrangement at September 30, 2021 and December 31, 2020.
September 30, 2021
Gross Amounts of Recognized Assets/LiabilitiesGross Amounts Offset in the Statement of Financial PositionNet Amounts presented in the Statement of Financial PositionGross Amounts Not Offset in the Statement of Financial PositionNet Amount
(dollars in thousands)Financial InstrumentsCash Collateral Position
Assets            
Interest Rate Swap Derivatives$15,426 $0 $15,426 $0 $(1,270)$14,156 
Total Assets$15,426 $0 $15,426 $0 $(1,270)$14,156 
Liabilities
Interest Rate Swap Derivatives$15,447 $0 $15,447 $0 $(9,980)$5,467 
Total Liabilities$15,447 $0 $15,447 $0 $(9,980)$5,467 
December 31, 2020
Gross Amounts of Recognized Assets/LiabilitiesGross Amounts Offset in the Statement of Financial PositionNet Amounts presented in the Statement of Financial PositionGross Amounts Not Offset in the Statement of Financial PositionNet Amount
(dollars in thousands)Financial InstrumentsCash Collateral Position
Assets
Interest Rate Swap Derivatives$21,764 $0 $21,764 $0 $0 $21,764 
Total Assets$21,764 $0 $21,764 $0 $0 $21,764 
Liabilities
Interest Rate Swap Derivatives$21,794 $0 $21,794 $0 $(21,370)$424 
Total Liabilities$21,794 $0 $21,794 $0 $(21,370)$424 

If an event of default occurs causing an early termination of an interest rate swap derivative, any early termination amount payable to one party by the other party may be reduced by set-off against any other amount payable by the one party to the other party. If a default in performance of any obligation of a repurchase agreement occurs, each party will set-off property held in respect of transactions against obligations owing in respect of any other transactions.