Balance Sheet Offsetting (Tables)

12 Months Ended

Dec. 31, 2019

Offsetting [Abstract]

Offsetting Assets

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

							Gross Amount Not Offset in the Consolidated Statements of Condition
(In thousands)	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
December 31, 2019
Derivative assets:
Customer loan swaps - commercial customer(2)	$	17,756	$	—	$	17,756	$	—	$	—		$	17,756
Interest rate swap on loans	483		—		483		—		(483		)	—
Total	$	18,239	$	—	$	18,239	$	—	$	(483	)	$	17,756
Derivative liabilities:
Customer loan swaps - dealer bank	$	17,242	$	—	17,242		$	—	$	17,242		$	—
Junior subordinated debt interest rate swaps	8,187		—		8,187		—		8,187			—
Customer loan swaps - commercial customer(2)	514		—		514		—		—			514
Total	$	25,943	$	—	$	25,943	$	—	$	25,429		$	514
Customer repurchase agreements	$	237,984	$	—	$	237,984	$	237,984	$	—		$	—
December 31, 2018
Derivative assets:
Customer loan swaps - dealer bank	$	4,374	$	—	$	4,374	$	—	$	(4,374	)	$	—
Customer loan swaps - commercial customer(2)	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(2)	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.

(2) The Company manages its net exposure on its commercial customer loan swaps by obtaining collateral as part of the normal loan policy and underwriting practices.

Offsetting Liabilities

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

							Gross Amount Not Offset in the Consolidated Statements of Condition
(In thousands)	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
December 31, 2019
Derivative assets:
Customer loan swaps - commercial customer(2)	$	17,756	$	—	$	17,756	$	—	$	—		$	17,756
Interest rate swap on loans	483		—		483		—		(483		)	—
Total	$	18,239	$	—	$	18,239	$	—	$	(483	)	$	17,756
Derivative liabilities:
Customer loan swaps - dealer bank	$	17,242	$	—	17,242		$	—	$	17,242		$	—
Junior subordinated debt interest rate swaps	8,187		—		8,187		—		8,187			—
Customer loan swaps - commercial customer(2)	514		—		514		—		—			514
Total	$	25,943	$	—	$	25,943	$	—	$	25,429		$	514
Customer repurchase agreements	$	237,984	$	—	$	237,984	$	237,984	$	—		$	—
December 31, 2018
Derivative assets:
Customer loan swaps - dealer bank	$	4,374	$	—	$	4,374	$	—	$	(4,374	)	$	—
Customer loan swaps - commercial customer(2)	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(2)	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.

(2) The Company manages its net exposure on its commercial customer loan swaps by obtaining collateral as part of the normal loan policy and underwriting practices.