Navy Federal Credit Union 2015 Annual Report Download - page 54
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Financial Section 35
2015—SHARED SUCCESS
As of December 31, 2015
Gross Amounts Not
Oset in the Statement of
Financial Condition
(dollars in thousands)
Gross
Amounts
Recognized
Gross Amounts
Oset in the
Statement
of Financial
Condition
Net Amounts
Presented in the
Statement of
Financial Condition
Financial
Instruments(1)
Cash
Collateral
Net
Amount
Financial Assets
Interest Rate Lock
Commitments $ 18,570 $ — $ 18,570 $ — $ — $ 18,570
Forward Sales
Contracts 1,385 — 1,385 (522) — 863
Interest Rate Contracts
FV Interest Rate
Contracts 194 — 194 — — 194
CF Interest Rate
Contracts 162 — 162 (162) — —
Total 20,311 — 20,311 (684) — 19,628
Financial Liabilities
Interest Rate Lock
Commitments 19 — 19 — — 19
Forward Sales
Contracts 688 — 688 (522) — 166
Interest Rate Contracts
FV Interest Rate
Contracts — — — — — —
CF Interest Rate
Contracts 40,918 — 40,918 (162) (40,279) 477
Total Derivatives 41,625 — 41,625 (684) (40,279) 662
Securities sold under
repurchase agreements 719,982 — 719,982 (719,982) — —
Total $ 761,607 $ — $ 761,607 $ (720,666) $ (40,279) $ 662
(1)Includes oset by same counterparty where legally enforceable under master netting agreement.