Derivatives (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following table presents the fair value of derivatives not designated as hedging instruments at March 31, 2020 and December 31, 2019:

(In Thousands)	Asset Derivatives
		March 31, 2020		December 31, 2019
	Balance Sheet Location	Fair Value		Fair Value
Interest rate swaps	Other assets		$8,028		$2,950
Interest rate lock commitments	Other assets	3,188		810
Total			$11,216		$3,760

(In Thousands)	Liability Derivatives
		March 31, 2020		December 31, 2019
	Balance Sheet Location	Fair Value		Fair Value
Interest rate swaps	Other liabilities		$8,028		$2,950
Retail interest rate contracts	Other liabilities	2,760		71
Total			$10,788		$3,021

Derivative Instruments, Gain (Loss)

The following table presents the net gains (losses) of derivatives not designated as hedging instruments for the three-month periods ending March 31, 2020 and 2019:

		Three Months Ended March 31,
(In Thousands)	Income Statement Location	2020			2019
Retail interest rate contracts	Mortgage banking income		($3,124	)		($168	)
Interest rate lock commitments	Mortgage banking income	2,144			224
Total			($980	)		$56

Offsetting Assets

The following table summarizes the derivatives that have a right of offset as of March 31, 2020 and December 31, 2019:

March 31, 2020					Gross amounts not offset in the Statement of Financial Position
(In Thousands)	Gross amounts of recognized assets and liabilities	Gross amounts offset in the Statement of Financial Position		Net amounts of assets and liabilities presented in the Statement of Financial Position	Financial Instruments		Collateral Posted		Net Amount
Asset Derivatives
Interest rate swaps	$8,028		$—	$8,028		$—		$—		$8,028
Liability Derivatives
Interest rate swaps	$8,028		$—	$8,028		$—	$8,028			$—
Retail interest rate contracts	2,760	—		2,760	—		—		2,760
December 31, 2019					Gross amounts not offset in the Statement of Financial Position
(In Thousands)	Gross amounts of recognized assets and liabilities	Gross amounts offset in the Statement of Financial Position		Net amounts of assets and liabilities presented in the Statement of Financial Position	Financial Instruments		Collateral Posted		Net Amount
Asset Derivatives
Interest rate swaps	$2,950		$—	$2,950		$—		$—		$2,950
Liability Derivatives
Interest rate swaps	$2,950		$—	$2,950		$—	$2,950			$—
Retail interest rate contracts	71	—		71	—		—		71

Offsetting Liabilities

The following table summarizes the derivatives that have a right of offset as of March 31, 2020 and December 31, 2019:

March 31, 2020					Gross amounts not offset in the Statement of Financial Position
(In Thousands)	Gross amounts of recognized assets and liabilities	Gross amounts offset in the Statement of Financial Position		Net amounts of assets and liabilities presented in the Statement of Financial Position	Financial Instruments		Collateral Posted		Net Amount
Asset Derivatives
Interest rate swaps	$8,028		$—	$8,028		$—		$—		$8,028
Liability Derivatives
Interest rate swaps	$8,028		$—	$8,028		$—	$8,028			$—
Retail interest rate contracts	2,760	—		2,760	—		—		2,760
December 31, 2019					Gross amounts not offset in the Statement of Financial Position
(In Thousands)	Gross amounts of recognized assets and liabilities	Gross amounts offset in the Statement of Financial Position		Net amounts of assets and liabilities presented in the Statement of Financial Position	Financial Instruments		Collateral Posted		Net Amount
Asset Derivatives
Interest rate swaps	$2,950		$—	$2,950		$—		$—		$2,950
Liability Derivatives
Interest rate swaps	$2,950		$—	$2,950		$—	$2,950			$—
Retail interest rate contracts	71	—		71	—		—		71