XML 31 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 15 - Balance Sheet Offsetting
6 Months Ended
Jun. 30, 2016
Notes to Financial Statements  
Supplemental Balance Sheet Disclosures [Text Block]
15. Balance Sheet Offsetting
 
Certain financial instruments, including resell and repurchase agreements, securities lending arrangements and derivatives, may be eligible for offset in the condensed consolidated balance sheets and/or subject to master netting arrangements or similar agreements. The Company’s securities sold with agreements to repurchase and derivative transactions with upstream financial institution counterparties are generally executed under International Swaps and Derivative Association master agreements which include “right of set-off” provisions. In such cases there is generally a legally enforceable right to offset recognized amounts and there may be an intention to settle such amounts on a net basis. Nonetheless, the Company does not generally offset such financial instruments for financial reporting purposes.
 
Financial instruments that are eligible for offset in the condensed consolidated balance sheets, as of June 30, 2016, and December 31, 2015, are presented in the following table:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Amounts Not Offset in the Balance Sheet
 
 
 
Gross Amounts Recognized
 
 
Gross Amounts Offset in the
Balance Sheet
 
 
Net Amounts Presented in
the Balance
Sheet
 
 
Financial Instruments
 
 
Collateral
Posted
 
 
Net Amount
 
 
 
(In thousands)
 
June 30, 2016
                                               
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities sold under agreements to repurchase
  $ 400,000     $ -     $ 400,000     $ -     $ (400,000 )   $ -  
Derivatives
  $ 18,050     $ -     $ 18,050     $ -     $ (18,050 )   $ -  
                                                 
December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities sold under agreements to repurchase
  $ 400,000     $ -     $ 400,000     $ -     $ (400,000 )   $ -  
Derivatives
  $ 6,496     $ -     $ 6,496     $ -     $ (6,496 )   $ -