Derivatives (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023 and December 31, 2022:

(In Thousands)	Asset Derivatives
		March 31, 2023	December 31, 2022
	Balance Sheet Location	Fair Value	Fair Value
Interest rate swaps	Other assets	$10,683	$12,725
Interest rate lock commitments	Other assets	685	440
Total		$11,368	$13,165

(In Thousands)	Liability Derivatives
		March 31, 2023	December 31, 2022
	Balance Sheet Location	Fair Value	Fair Value
Interest rate swaps	Other liabilities	$10,683	$12,725
Retail interest rate contracts	Other liabilities	107	3
Total		$10,790	$12,728

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 March 31,
(In Thousands)	Income Statement Location	2023	2022
Retail interest rate contracts	Mortgage banking income	($123)	$2,560
Interest rate lock commitments	Mortgage banking income	228	(480)
Total		$105	$2,080

Offsetting Assets

The following table summarizes the derivatives that have a right of offset as of March 31, 2023 and December 31, 2022:

March 31, 2023				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	$10,683	$—	$10,683	$—	$—	$10,683
Liability Derivatives
Interest rate swaps	$10,683	$—	$10,683	$—	$10,683	$—
Retail interest rate contracts	107	—	107	—	—	107
December 31, 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	$12,725	$—	$12,725	$—	$—	$12,725
Liability Derivatives
Interest rate swaps	$12,725	$—	$12,725	$—	$12,725	$—
Retail interest rate contracts	3	—	3	—	—	3

Offsetting Liabilities

The following table summarizes the derivatives that have a right of offset as of March 31, 2023 and December 31, 2022:

March 31, 2023				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	$10,683	$—	$10,683	$—	$—	$10,683
Liability Derivatives
Interest rate swaps	$10,683	$—	$10,683	$—	$10,683	$—
Retail interest rate contracts	107	—	107	—	—	107
December 31, 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	$12,725	$—	$12,725	$—	$—	$12,725
Liability Derivatives
Interest rate swaps	$12,725	$—	$12,725	$—	$12,725	$—
Retail interest rate contracts	3	—	3	—	—	3