Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Financial Instruments

Summary of notional amount and fair value of derivative assets and liabilities

		Notional			Fair Value
		Amount	Balance Sheet Location		Asset		Liability
March 31, 2020		(In thousands)			(In thousands)
Interest rate lock commitments	$	162,228	Other assets/liabilities	$	2,079	$	80
Forward contracts		122,706	Other assets/liabilities		96		1,273
				$	2,175	$	1,353

		Notional			Fair Value
		Amount	Balance Sheet Location		Asset		Liability
December 31, 2019		(In thousands)			(In thousands)
Interest rate lock commitments	$	17,826	Other assets/liabilities	$	186	$	—
Forward contracts		34,268	Other assets/liabilities		—		27
				$	186	$	27

Summarizes the periodic changes in the fair value of the derivative financial instruments on the condensed consolidated statements of income

	Three Months Ended
	March 31,
	2020		2019
	(In thousands)
Interest rate lock commitments	$	1,813	$	—
Forward contracts (includes pair-off settlements)		(1,844)		(5)
Net derivative gains (losses)	$	(31)	$	(5)

Interest rate swaps

Derivative Financial Instruments

Summary of notional amount and fair value of derivative assets and liabilities

		Notional			Fair Value
		Amount	Balance Sheet Location		Asset		Liability
		(In thousands)			(In thousands)
March 31, 2020	$	62,470	Other assets/liabilities	$	3,214	$	3,214
December 31, 2019		58,067	Other assets/liabilities	$	511	$	511

Summarizes the periodic changes in the fair value of the derivative financial instruments on the condensed consolidated statements of income

	Three Months Ended
	March 31,
	2020		2019
		(In thousands)
Gross swap gains	$	2,703	$	—
Gross swap losses		(2,703)		—
Net swap gains (losses)		—	$	—