17.

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 that 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

March 31, 2019,

and

December 31, 2018,

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
March 31, 2019	(In thousands)
Assets:
Derivatives	$	4,480	$	—	$	4,480	$	—	$	—		$	4,480

Liabilities:
Derivatives	$	5,727	$	—	$	5,727	$	—	$	(5,497	)	$	230

December 31, 2018
Assets:
Derivatives	$	7,810	$	—	$	7,810	$	—	$	—		$	7,810

Liabilities:
Derivatives	$	1,543	$	—	$	1,543	$	—	$	(1,543	)	$	—