BALANCE SHEET OFFSETTING (Tables)

3 Months Ended

Mar. 31, 2023

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
(Dollars 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
March 31, 2023
Derivative assets:
Customer loan swaps - commercial customer(2)	$	11,479	$	—	$	11,479	$	—	$	—	$	11,479
Interest rate contracts(3)	10,996		—		10,996		—		(10,889)		107
Total	$	22,475	$	—	$	22,475	$	—	$	(10,889)	$	11,586
Derivative liabilities:
Customer loan swaps - dealer bank(3)	$	11,554	$	—	$	11,554	$	—	$	—	$	11,554
Interest rate contracts(3)	6,859		—		6,859		—		6,859		—
Total	$	18,413	$	—	$	18,413	$	—	$	6,859	$	11,554
Customer repurchase agreements	$	196,918	$	—	$	196,918	$	196,918	$	—	$	—
December 31, 2022
Derivative assets:
Customer loan swaps - dealer bank(3)	$	14,802	$	—	$	14,802	$	—	$	—	$	14,802
Interest rate contracts(3)	13,051		—		13,051		—		(10,915)		2,136
Total	$	27,853	$	—	$	27,853	$	—	$	(10,915)	$	16,938
Derivative liabilities:
Customer loan swaps - commercial customer(2)	$	14,850	$	—	14,850		$	—	$	—	$	14,850
Interest rate contracts(3)	5,515		—		5,515		—		5,515		—
Total	$	20,365	$	—	$	20,365	$	—	$	5,515	$	14,850
Customer repurchase agreements	$	196,451	$	—	$	196,451	$	196,451	$	—	$	—

(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. The Company does not post collateral to its commercial customers as part of its contract..

(3)    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

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
(Dollars 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
March 31, 2023
Derivative assets:
Customer loan swaps - commercial customer(2)	$	11,479	$	—	$	11,479	$	—	$	—	$	11,479
Interest rate contracts(3)	10,996		—		10,996		—		(10,889)		107
Total	$	22,475	$	—	$	22,475	$	—	$	(10,889)	$	11,586
Derivative liabilities:
Customer loan swaps - dealer bank(3)	$	11,554	$	—	$	11,554	$	—	$	—	$	11,554
Interest rate contracts(3)	6,859		—		6,859		—		6,859		—
Total	$	18,413	$	—	$	18,413	$	—	$	6,859	$	11,554
Customer repurchase agreements	$	196,918	$	—	$	196,918	$	196,918	$	—	$	—
December 31, 2022
Derivative assets:
Customer loan swaps - dealer bank(3)	$	14,802	$	—	$	14,802	$	—	$	—	$	14,802
Interest rate contracts(3)	13,051		—		13,051		—		(10,915)		2,136
Total	$	27,853	$	—	$	27,853	$	—	$	(10,915)	$	16,938
Derivative liabilities:
Customer loan swaps - commercial customer(2)	$	14,850	$	—	14,850		$	—	$	—	$	14,850
Interest rate contracts(3)	5,515		—		5,515		—		5,515		—
Total	$	20,365	$	—	$	20,365	$	—	$	5,515	$	14,850
Customer repurchase agreements	$	196,451	$	—	$	196,451	$	196,451	$	—	$	—

(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. The Company does not post collateral to its commercial customers as part of its contract..

(3)    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