| OFFSETTING ASSETS AND LIABILITIES |
OFFSETTING ASSETS AND LIABILITIES The following tables summarize gross and net information about financial instruments and derivative instruments that are offset in the statement of financial position or that are subject to an enforceable master netting arrangement at June 30, 2026 and December 31, 2025. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | | Gross Amounts of Recognized Assets/Liabilities | | Gross Amounts Offset in the Statement of Financial Position | | Net Amounts presented in the Statement of Financial Position | | Gross Amounts Not Offset in the Statement of Financial Position | | Net Amount | | (dollars in thousands) | | | | | Financial Instruments | | Cash Collateral Position | | | Assets | | | | | | | | | | | | | | Interest Rate Swap Derivatives | | $ | 14,894 | | | $ | 0 | | | $ | 14,894 | | | $ | 0 | | | $ | (13,065) | | | $ | 1,829 | | | Total Assets | | $ | 14,894 | | | $ | 0 | | | $ | 14,894 | | | $ | 0 | | | $ | (13,065) | | | $ | 1,829 | | | Liabilities | | | | | | | | | | | | | | Interest Rate Swap Derivatives | | $ | 14,895 | | | $ | 0 | | | $ | 14,895 | | | $ | 0 | | | $ | 0 | | | $ | 14,895 | | | Total Liabilities | | $ | 14,895 | | | $ | 0 | | | $ | 14,895 | | | $ | 0 | | | $ | 0 | | | $ | 14,895 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | Gross Amounts of Recognized Assets/Liabilities | | Gross Amounts Offset in the Statement of Financial Position | | Net Amounts presented in the Statement of Financial Position | | Gross Amounts Not Offset in the Statement of Financial Position | | Net Amount | | (dollars in thousands) | | | | | Financial Instruments | | Cash Collateral Position | | | Assets | | | | | | | | | | | | | | Interest Rate Swap Derivatives | | $ | 14,634 | | | $ | 0 | | | $ | 14,634 | | | $ | 0 | | | $ | (13,075) | | | $ | 1,559 | | | Total Assets | | $ | 14,634 | | | $ | 0 | | | $ | 14,634 | | | $ | 0 | | | $ | (13,075) | | | $ | 1,559 | | | Liabilities | | | | | | | | | | | | | | Interest Rate Swap Derivatives | | $ | 14,634 | | | $ | 0 | | | $ | 14,634 | | | $ | 0 | | | $ | 0 | | | $ | 14,634 | | | Total Liabilities | | $ | 14,634 | | | $ | 0 | | | $ | 14,634 | | | $ | 0 | | | $ | 0 | | | $ | 14,634 | |
If an event of default occurs causing an early termination of an interest rate swap derivative, any early termination amount payable to one party by the other party may be reduced by set-off against any other amount payable by the one party to the other party. If a default in performance of any obligation of a repurchase agreement occurs, each party will set-off property held in respect of transactions against obligations owing in respect of any other transactions.
|