Derivatives and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2024

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, 2024 and December 31, 2023:

	September 30, 2024
	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	$	1,831	Other Liabilities	$	16,939
Interest rate products - non-designated hedges	Other Assets	12,207		Other Liabilities	12,389
Total derivative instruments		$	14,038		$	29,328

	December 31, 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	$	5,394	Other Liabilities	$	11,530
Interest rate products - non-designated hedges	Other Assets	13,504		Other Liabilities	13,495
Total derivative instruments		$	18,898		$	25,025

Schedule of Derivative Instruments

At September 30, 2024, 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)		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, 2024				At December 31, 2023
	(In thousands)
Fair value interest rate products	$	862,176	$	12,176	$	706,412	$	6,412