Note 17 - Balance Sheet Offsetting

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Supplemental Balance Sheet Disclosures [Text Block]

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 June 30, 2020, and December 31, 2019, are set forth 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, 2020
Assets:
Derivatives	$	3,842	$	—	$	3,842	$	—	$	—		$	3,842
Liabilities:
Derivatives	$	33,760	$	—	$	33,760	$	—	$	(33,760	)	$	—
December 31, 2019
Assets:
Derivatives	$	2,181	$	—	$	2,181	$	—	$	—		$	2,181
Liabilities:
Derivatives	$	14,229	$	—	$	14,229	$	—	$	(14,229	)	$	—