Derivatives (Tables)

12 Months Ended

Dec. 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 as of the dates noted:

(In Thousands)	Asset Derivatives
		December 31, 2023	December 31, 2022
	Balance Sheet Location	Fair Value	Fair Value
Interest rate swaps	Other assets	$10,470	$12,725
Interest rate lock commitments	Other assets	342	440
Retail interest rate contracts	Other assets	—	—
Total		$10,812	$13,165

(In Thousands)	Liability Derivatives
		December 31, 2023	December 31, 2022
	Balance Sheet Location	Fair Value	Fair Value
Interest rate swaps	Other liabilities	$10,470	$12,725
Retail interest rate contracts	Other liabilities	13	3
Total		$10,483	$12,728

Derivative Instruments, Gain (Loss)

The following table presents the net gains (losses) of derivatives not designated as hedging instruments as of the dates noted:

(In Thousands)	Income Statement Location	December 31, 2023		December 31, 2022
Retail interest rate contracts	Mortgage banking income		$161		$4,335
Interest rate lock commitments	Mortgage banking income		(92)		(866)
Total			$69		$3,469

Offsetting Assets

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

December 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	$10,470	$—	$10,470	$—	$—	$10,470
Liability Derivatives
Interest rate swaps	$10,470	$—	$10,470	$—	$10,470	$—
Retail interest rate contracts	13	—	13	—	—	13
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
Retail interest rate contracts	—	—	—	—	—	—
Liability Derivatives
Interest rate swaps	$12,725	$—	$12,725	$—	$12,725	$—

Offsetting Liabilities

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

December 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	$10,470	$—	$10,470	$—	$—	$10,470
Liability Derivatives
Interest rate swaps	$10,470	$—	$10,470	$—	$10,470	$—
Retail interest rate contracts	13	—	13	—	—	13
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
Retail interest rate contracts	—	—	—	—	—	—
Liability Derivatives
Interest rate swaps	$12,725	$—	$12,725	$—	$12,725	$—