A serial data communication receiver includes a serial data input and first and second sets of data capture latches, which are coupled to the serial data input and have first and second recovered data outputs, respectively. One of the sets is designated as a master set and the other a slave set. Each data capture latch has a respective independently adjustable offset voltage. An offset adjustment control circuit varies the respective offset voltage over a range of offset voltage values for each of the data capture latches in the slave set while comparing the first and second recovered data outputs to produce an error output. The control circuit then sets each of the respective offset voltages in the slave set to one of the offset voltage values based on the error output.