Derivatives (Tables)

6 Months Ended

Jun. 30, 2022

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, 2022 and December 31, 2021:

(In Thousands)	Asset Derivatives
		June 30, 2022	December 31, 2021
	Balance Sheet Location	Fair Value	Fair Value
Interest rate swaps	Other assets	$8,316	$6,030
Interest rate lock commitments	Other assets	2,567	1,387
Retail interest rate contracts	Other assets	—	166
Total		$10,883	$7,583

(In Thousands)	Liability Derivatives
		June 30, 2022	December 31, 2021
	Balance Sheet Location	Fair Value	Fair Value
Interest rate swaps	Other liabilities	$8,316	$6,030
Retail interest rate contracts	Other liabilities	376	—
Total		$8,692	$6,030

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 June 30,		Six Months Ended June 30,
(In Thousands)	Income Statement Location	2022	2021	2022	2021
Retail interest rate contracts	Mortgage banking income	$391	($1,187)	$2,951	$1,813
Interest rate lock commitments	Mortgage banking income	829	369	349	(1,001)
Total		$1,220	($818)	$3,300	$812

Offsetting Assets

The following table summarizes the derivatives that have a right of offset as of June 30, 2022 and December 31, 2021:

June 30, 2022				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	$8,316	$—	$8,316	$—	$—	$8,316
Liability Derivatives
Interest rate swaps	$8,316	$—	$8,316	$—	$569	$7,747
Retail interest rate contracts	376	—	376	—	—	376
December 31, 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	$6,030	$—	$6,030	$—	$—	$6,030
Retail interest rate contracts	166	—	166	—	—	166
Liability Derivatives
Interest rate swaps	$6,030	$—	$6,030	$—	$6,030	$—

Offsetting Liabilities

The following table summarizes the derivatives that have a right of offset as of June 30, 2022 and December 31, 2021:

June 30, 2022				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	$8,316	$—	$8,316	$—	$—	$8,316
Liability Derivatives
Interest rate swaps	$8,316	$—	$8,316	$—	$569	$7,747
Retail interest rate contracts	376	—	376	—	—	376
December 31, 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	$6,030	$—	$6,030	$—	$—	$6,030
Retail interest rate contracts	166	—	166	—	—	166
Liability Derivatives
Interest rate swaps	$6,030	$—	$6,030	$—	$6,030	$—