Derivatives (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2023 and December 31, 2022:

(In Thousands)	Asset Derivatives
		June 30, 2023	December 31, 2022
	Balance Sheet Location	Fair Value	Fair Value
Interest rate swaps	Other assets	$12,401	$12,725
Interest rate lock commitments	Other assets	851	440
Retail interest rate contracts	Other assets	122	—
Total		$13,374	$13,165

(In Thousands)	Liability Derivatives
		June 30, 2023	December 31, 2022
	Balance Sheet Location	Fair Value	Fair Value
Interest rate swaps	Other liabilities	$12,401	$12,725
Retail interest rate contracts	Other liabilities	—	3
Total		$12,401	$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 June 30,		Six Months Ended June 30,
(In Thousands)	Income Statement Location	2023	2022	2023	2022
Retail interest rate contracts	Mortgage banking income	$291	$391	$168	$2,951
Interest rate lock commitments	Mortgage banking income	129	829	358	349
Total		$420	$1,220	$526	$3,300

Offsetting Assets

The following table summarizes the derivatives that have a right of offset as of June 30, 2023 and December 31, 2022:

June 30, 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	$12,401	$—	$12,401	$—	$—	$12,401
Retail interest rate contracts	122	—	122	—	—	122
Liability Derivatives
Interest rate swaps	$12,401	$—	$12,401	$—	$12,401	$—
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 June 30, 2023 and December 31, 2022:

June 30, 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	$12,401	$—	$12,401	$—	$—	$12,401
Retail interest rate contracts	122	—	122	—	—	122
Liability Derivatives
Interest rate swaps	$12,401	$—	$12,401	$—	$12,401	$—
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