Derivatives (Tables)

9 Months Ended

Sep. 30, 2021

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 September 30, 2021 and December 31, 2020:

(In Thousands)	Asset Derivatives
		September 30, 2021	December 31, 2020
	Balance Sheet Location	Fair Value	Fair Value
Interest rate swaps	Other assets	$6,132	$7,387
Interest rate lock commitments	Other assets	3,248	4,034
Retail interest rate contracts	Other assets	126	—
Total		$9,506	$11,421

(In Thousands)	Liability Derivatives
		September 30, 2021	December 31, 2020
	Balance Sheet Location	Fair Value	Fair Value
Interest rate swaps	Other liabilities	$6,132	$7,387
Retail interest rate contracts	Other liabilities	—	880
Total		$6,132	$8,267

Derivative Instruments, Gain (Loss)

The following table presents the net gains (losses) of derivatives not designated as hedging instruments for periods indicated below:

		Three Months Ended September 30,		Nine Months Ended September 30,
(In Thousands)	Income Statement Location	2021	2020	2021	2020
Retail interest rate contracts	Mortgage banking income	($413)	($1,823)	$1,400	($6,525)
Interest rate lock commitments	Mortgage banking income	199	1,781	(802)	5,372
Total		($214)	($42)	$598	($1,153)

Offsetting Assets

The following table summarizes the derivatives that have a right of offset as of September 30, 2021 and December 31, 2020:

September 30, 2021				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	$6,132	$—	$6,132	$—	$—	$6,132
Retail interest rate contracts	126	—	126	—	—	126
Liability Derivatives
Interest rate swaps	$6,132	$—	$6,132	$—	$6,132	$—
December 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	$7,387	$—	$7,387	$—	$—	$7,387
Liability Derivatives
Interest rate swaps	$7,387	$—	$7,387	$—	$7,387	$—
Retail interest rate contracts	880	—	880	—	—	880

Offsetting Liabilities

The following table summarizes the derivatives that have a right of offset as of September 30, 2021 and December 31, 2020:

September 30, 2021				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	$6,132	$—	$6,132	$—	$—	$6,132
Retail interest rate contracts	126	—	126	—	—	126
Liability Derivatives
Interest rate swaps	$6,132	$—	$6,132	$—	$6,132	$—
December 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	$7,387	$—	$7,387	$—	$—	$7,387
Liability Derivatives
Interest rate swaps	$7,387	$—	$7,387	$—	$7,387	$—
Retail interest rate contracts	880	—	880	—	—	880