Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 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
December 31, 2022		(In thousands)			(In thousands)
Interest rate lock commitments	$	8,759	Other assets/liabilities	$	28	$	23
Forward contracts		13,096	Other assets/liabilities		46		52
Interest rate swaps		57,574	Other assets/liabilities		3,030		—
				$	3,104	$	75

		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

	Year Ended
	December 31,
	2022		2021		2020
	(In thousands)
Derivative gain (loss) included in other income:
Interest rate lock commitments	$	(218)	$	(5,908)	$	5,945
Forward contracts (includes pair-off settlements)		5,277		5,956		(11,078)
Net derivative gains (loss)	$	5,059	$	48	$	(5,133)
Gain (loss) included in gain on sale of loans:
Interest rates swaps - change in fair value	$	3,030	$	—	$	—
Loans held for sale - change in fair value		(2,898)		—		—
Net gain (loss)	$	132	$	—	$	—

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)
December 31, 2022	$	77,495	Other assets/liabilities	$	3,041	$	3,041
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

	Year Ended
	December 31,
	2022		2021		2020
	(In thousands)
Gross swap gains	$	1,910	$	2,039	$	2,659
Gross swap losses		1,910		2,039		2,659
Net swap gains (losses)	$	—	$	—	$	—