BALANCE SHEET OFFSETTING (Notes)

3 Months Ended

Mar. 31, 2019

Offsetting [Abstract]

Balance Sheet Offsetting

BALANCE SHEET OFSETTING

The Company does not offset the carrying value for derivative instruments or repurchase agreements on the consolidated statements of condition. The Company and Bank does net the amount recognized for the right to reclaim cash collateral against the obligation to return cash collateral arising from instruments executed with the same counterparty under a master netting arrangement. Collateral legally required to be pledged or received is monitored and adjusted as necessary. Refer to Note 7 for further discussion of repurchase agreements and Note 8 for further discussion of derivative instruments.

The following table presents the Company's derivative positions and repurchase agreements, and the potential effect of netting arrangements on its financial position, as of the dates indicated:

							Gross Amount Not Offset in the Consolidated Statements of Condition
	Gross Amount Recognized in the Consolidated Statements of Condition		Gross Amount Offset in the Consolidated Statements of Condition		Net Amount Presented in the Consolidated Statements of Condition		Financial Instruments Pledged (Received)(1)		Cash Collateral Pledged (Received)(1)			Net Amount
March 31, 2019
Derivative assets:
Customer loan swaps - commercial customer	$	7,722	$	—	$	7,722	$	—	$	—		$	7,722
Total	$	7,722	$	—	$	7,722	$	—	$	—		$	7,722
Derivative liabilities:
Junior subordinated debt interest rate swaps	$	6,711	$	—	$	6,711	$	—	$	6,711		$	—
Customer loan swaps - dealer bank	4,402		—		4,402		—		4,402			—
Customer loan swaps - commercial customer	3,320		—		3,320		—		—			3,320
Total	$	14,433	$	—	$	14,433	$	—	$	11,113		$	3,320
Customer repurchase agreements	$	256,181	$	—	$	256,181	$	256,181	$	—		$	—
December 31, 2018
Derivative assets:
Customer loan swaps - dealer bank	$	4,374	$	—	$	4,374	$	—	$	(4,374	)	$	—
Customer loan swaps - commercial customer	3,467		—		3,467		—		—			3,467
FHLBB advance interest rate swaps	30		—		30		—		(30		)	—
Total	$	7,871	$	—	$	7,871	$	—	$	(4,404	)	$	3,467
Derivative liabilities:
Junior subordinated debt interest rate swaps	$	5,682	$	—	$	5,682	$	—	$	5,682		$	—
Customer loan swaps - commercial customer	7,841		—		7,841		—		—			7,841
Total	$	13,523	$	—	$	13,523	$	—	$	5,682		$	7,841
Customer repurchase agreements	$	245,868	$	—	$	245,868	$	245,868	$	—		$	—

(1) The amount presented was the lesser of the amount pledged (received) or the net amount presented in the consolidated statements of condition.