BALANCE SHEET OFFSETTING (Tables)

9 Months Ended

Sep. 30, 2022

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 financial position, 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
September 30, 2022
Derivative assets:
Customer loan swaps - dealer bank(2)	$	16,112	$	—	$	16,112	$	—	$	—	$	16,112
Interest rate contracts(3)	13,806		—		13,806		—		(11,459)		2,347
Total	$	29,918	$	—	$	29,918	$	—	$	(11,459)	$	18,459
Derivative liabilities:
Customer loan swaps - commercial customer(3)	$	16,134	$	—	$	16,134	$	—	$	—	$	16,134
Interest rate contracts(3)	5,459		—		5,459		—		5,459		—
Total	$	21,593	$	—	$	21,593	$	—	$	5,459	$	16,134
Customer repurchase agreements	$	268,876	$	—	$	268,876	$	268,876	$	—	$	—
December 31, 2021
Derivative assets:
Customer loan swaps - commercial customer(2)	$	19,297	$	—	$	19,297	$	—	$	—	$	19,297
Interest rate contracts(3)	5,589		—		5,589		—		(5,529)		60
Total	$	24,886	$	—	$	24,886	$	—	$	(5,529)	$	19,357
Derivative liabilities:
Customer loan swaps - dealer bank(3)	$	19,485	$	—	19,485		$	—	$	19,485	$	—
Interest rate contracts(3)	7,872		—		7,872		—		6,603		1,269
Total	$	27,357	$	—	$	27,357	$	—	$	26,088	$	1,269
Customer repurchase agreements	$	211,608	$	—	$	211,608	$	211,608	$	—	$	—

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

(2)    Interest rate swap contracts were completed with the same dealer bank. The Company maintains a master netting arrangement with each counterparty and settles collateral on a net basis for all contracts.

(3)    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 financial position, 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
September 30, 2022
Derivative assets:
Customer loan swaps - dealer bank(2)	$	16,112	$	—	$	16,112	$	—	$	—	$	16,112
Interest rate contracts(3)	13,806		—		13,806		—		(11,459)		2,347
Total	$	29,918	$	—	$	29,918	$	—	$	(11,459)	$	18,459
Derivative liabilities:
Customer loan swaps - commercial customer(3)	$	16,134	$	—	$	16,134	$	—	$	—	$	16,134
Interest rate contracts(3)	5,459		—		5,459		—		5,459		—
Total	$	21,593	$	—	$	21,593	$	—	$	5,459	$	16,134
Customer repurchase agreements	$	268,876	$	—	$	268,876	$	268,876	$	—	$	—
December 31, 2021
Derivative assets:
Customer loan swaps - commercial customer(2)	$	19,297	$	—	$	19,297	$	—	$	—	$	19,297
Interest rate contracts(3)	5,589		—		5,589		—		(5,529)		60
Total	$	24,886	$	—	$	24,886	$	—	$	(5,529)	$	19,357
Derivative liabilities:
Customer loan swaps - dealer bank(3)	$	19,485	$	—	19,485		$	—	$	19,485	$	—
Interest rate contracts(3)	7,872		—		7,872		—		6,603		1,269
Total	$	27,357	$	—	$	27,357	$	—	$	26,088	$	1,269
Customer repurchase agreements	$	211,608	$	—	$	211,608	$	211,608	$	—	$	—

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

(2)    Interest rate swap contracts were completed with the same dealer bank. The Company maintains a master netting arrangement with each counterparty and settles collateral on a net basis for all contracts.

(3)    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.