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OFFSETTING ASSETS AND LIABILITIES
 3 Months Ended
Mar. 31, 2024
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 March 31, 2024 and December 31, 2023.
March 31, 2024
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$30,365 $0 $30,365 $0 $(25,305)$5,060 
Total Assets$30,365 $0 $30,365 $0 $(25,305)$5,060 
Liabilities
Interest Rate Swap Derivatives$30,365 $0 $30,365 $0 $0 $30,365 
Total Liabilities$30,365 $0 $30,365 $0 $0 $30,365 
December 31, 2023
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$27,189 $0 $27,189 $0 $(25,555)$1,634 
Total Assets$27,189 $0 $27,189 $0 $(25,555)$1,634 
Liabilities
Interest Rate Swap Derivatives$27,190 $0 $27,190 $0 $(90)$27,100 
Total Liabilities$27,190 $0 $27,190 $0 $(90)$27,100 
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.