Derivatives (Tables)

9 Months Ended

Sep. 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 September 30, 2023 and December 31, 2022:

(In Thousands)	Asset Derivatives
		September 30, 2023	December 31, 2022
	Balance Sheet Location	Fair Value	Fair Value
Interest rate swaps	Other assets	$15,797	$12,725
Interest rate lock commitments	Other assets	518	440
Retail interest rate contracts	Other assets	145	—
Total		$16,460	$13,165

(In Thousands)	Liability Derivatives
		September 30, 2023	December 31, 2022
	Balance Sheet Location	Fair Value	Fair Value
Interest rate swaps	Other liabilities	$15,797	$12,725
Retail interest rate contracts	Other liabilities	—	3
Total		$15,797	$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 September 30,		Nine Months Ended September 30,
(In Thousands)	Income Statement Location	2023	2022	2023	2022
Retail interest rate contracts	Mortgage banking income	$84	$1,347	$375	$4,297
Interest rate lock commitments	Mortgage banking income	(312)	(1,365)	46	(1,016)
Total		($228)	($18)	$421	$3,281

Offsetting Assets

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

September 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	$15,797	$—	$15,797	$—	$—	$15,797
Retail interest rate contracts	145	—	145	—	—	145
Liability Derivatives
Interest rate swaps	$15,797	$—	$15,797	$—	$15,797	$—
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 September 30, 2023 and December 31, 2022:

September 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	$15,797	$—	$15,797	$—	$—	$15,797
Retail interest rate contracts	145	—	145	—	—	145
Liability Derivatives
Interest rate swaps	$15,797	$—	$15,797	$—	$15,797	$—
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