Derivatives (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2020 and December 31, 2019:

(In Thousands)	Asset Derivatives
		June 30, 2020		December 31, 2019
	Balance Sheet Location	Fair Value		Fair Value
Interest rate swaps	Other assets		$8,411		$2,950
Interest rate lock commitments	Other assets	4,653		810
Total			$13,064		$3,760

(In Thousands)	Liability Derivatives
		June 30, 2020		December 31, 2019
	Balance Sheet Location	Fair Value		Fair Value
Interest rate swaps	Other liabilities		$8,411		$2,950
Retail interest rate contracts	Other liabilities	628		71
Total			$9,039		$3,021

Derivative Instruments, Gain (Loss)

The following table presents the net gains (losses) of derivatives not designated as hedging instruments for the three and six-month periods ending June 30, 2020 and 2019:

		Three Months Ended June 30,						Six Months Ended June 30,
(In Thousands)	Income Statement Location	2020			2019			2020			2019
Retail interest rate contracts	Mortgage banking income		($1,579	)		($524	)		($4,702	)		($692	)
Interest rate lock commitments	Mortgage banking income	1,447			781			3,591			1,005
Total			($132	)		$257			($1,111	)		$313

Offsetting Assets

The following table summarizes the derivatives that have a right of offset as of June 30, 2020 and December 31, 2019:

June 30, 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	$8,411		$—	$8,411		$—		$—		$8,411
Liability Derivatives
Interest rate swaps	$8,411		$—	$8,411		$—	$8,411			$—
Retail interest rate contracts	628	—		628	—		—		628
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 June 30, 2020 and December 31, 2019:

June 30, 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	$8,411		$—	$8,411		$—		$—		$8,411
Liability Derivatives
Interest rate swaps	$8,411		$—	$8,411		$—	$8,411			$—
Retail interest rate contracts	628	—		628	—		—		628
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