Note 24 - Balance Sheet Offsetting

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Supplemental Balance Sheet Disclosures [Text Block]

24.         Balance Sheet Offsetting

Certain financial instruments, including resell and repurchase agreements, securities lending arrangements and derivatives, may be eligible for offset in the 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 counter parties 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 Consolidated Balance Sheets, as of December 31, 2023, and December 31, 2022, are presented in the following tables:

							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
December 31, 2023	(In thousands)
Assets:
Derivatives	$	54,268	$	335	$	53,933	$	—	$	44,860	$	9,073
Liabilities:
Derivatives	$	45,762	$	—	$	45,762	$	—	$	—	$	45,762
December 31, 2022
Assets:
Derivatives	$	90,451	$	46,008	$	44,443	$	—	$	42,930	$	1,513
Liabilities:
Derivatives	$	51,864	$	—	$	51,864	$	—	$	—	$	51,864