Derivatives and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Financial Instruments on the Consolidated Balance Sheets

The tables below present the fair value of the Company’s derivative financial instruments as well as their classification in the Consolidated Statements of Financial Condition at September 30, 2023 and December 31, 2022:

	September 30, 2023
	Asset Derivative			Liability Derivative
	Consolidated Statements of Financial Condition	Fair Value		Consolidated Statements of Financial Condition	Fair Value
		(In thousands)
Derivatives:
Interest rate products - designated hedges	Other Assets	$	14,641	Other Liabilities	$	1,893
Interest rate products - non-designated hedges	Other Assets	21,564		Other Liabilities	21,122
Total derivative instruments		$	36,205		$	23,015

	December 31, 2022
	Asset Derivative			Liability Derivative
	Consolidated Statements of Financial Condition	Fair Value		Consolidated Statements of Financial Condition	Fair Value
		(In thousands)
Derivatives:
Interest rate products - designated hedges	Other Assets	$	4,290	Other Liabilities	$	3,918
Interest rate products - non-designated hedges	Other Assets	15,466		Other Liabilities	15,154
Total derivative instruments		$	19,756		$	19,072

Schedule of Derivative Instruments

At September 30, 2023, the following amounts were recorded on the Consolidated Statements of Financial Condition related to cumulative basis adjustment for fair value hedges:

	Carrying Amount of Hedged Assets/(Liabilities)		Cumulative Amount of Fair Value Hedging Adjustment included in the Carrying Amount of Hedged Assets/(Liabilities)
	At September 30, 2023
	(In thousands)
Fair value interest rate products	$	493,698	$	(6,302)