Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2022

Derivative Financial Instruments

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

		Notional			Fair Value
		Amount	Balance Sheet Location		Asset		Liability
June 30, 2022		(In thousands)			(In thousands)
Interest rate lock commitments	$	62,301	Other assets/liabilities	$	299	$	121
Forward contracts	$	49,750	Other assets/liabilities		114		203
Interest rate swaps	$	25,190	Other assets/liabilities		160		—
				$	573	$	324

		Notional			Fair Value
		Amount	Balance Sheet Location		Asset		Liability
December 31, 2021		(In thousands)			(In thousands)
Interest rate lock commitments	$	58,701	Other assets/liabilities	$	264	$	41
Forward contracts	$	81,250	Other assets/liabilities		86		118
				$	350	$	159

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
	(In thousands)					(In thousands)
Derivative gain (loss) included in other income:
Interest rate lock commitments	$	837	$	1,046	$	(45)	$	(5,698)
Forward contracts (includes pair-off settlements)		1,309		(2,289)		4,459		6,107
Net derivative gains (loss)	$	2,146	$	(1,243)	$	4,414	$	409
Gain (loss) included in gain on sale of loans:
Interest rates swaps - change in fair value		160		—		160		—
Hedged loans held for sale - change in fair value		(165)		—		(165)		—
Net gain (loss)	$	(5)	$	—	$	(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)
June 30, 2022	$	181,805	Other assets/liabilities	$	3,662	$	3,662
December 31, 2021	$	135,686	Other assets/liabilities	$	1,131	$	1,131

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
	(In thousands)					(In thousands)
Gross swap gains	$	2,035	$	195	$	2,531	$	1,081
Gross swap losses		2,035		195		2,531		1,081
Net swap gains (losses)	$	—	$	—	$	—	$	—