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Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2023
Derivative Instrument Detail [Abstract]  
Schedule Of Notional Amounts Of Derivative Instruments
The notional amounts of the Company’s derivative instruments are shown in the table below. These contractual amounts, along with other terms of the derivative, are used to determine amounts to be exchanged between counterparties and are not a measure of loss exposure. The Company's derivatives are not accounted for as accounting hedges except for the interest rate floors, as discussed below.

    December 31
(In thousands)20232022
Interest rate swaps$2,166,393 $1,981,821 
Interest rate floors2,000,000 1,000,000 
Interest rate caps336,682 152,784 
Credit risk participation agreements653,887 579,925 
Foreign exchange contracts30,401 27,991 
Mortgage loan commitments3,004 — 
Mortgage loan forward sale contracts1,349 — 
Forward TBA contracts3,000 — 
Total notional amount$5,194,716 $3,742,521 
Interest rate floor summary Information about the floors is provided in the table below.
Strike RateEffective DateMaturity Date
3.50 %July 1, 2024July 1, 2030
3.25 %November 1, 2024November 1, 2030
3.00 %March 1, 2025March 1, 2031
2.75 %July 1, 2025July 1, 2031
Schedule Of Fair Values Of Derivative Instruments
The fair values of the Company’s derivative instruments, whose notional amounts are listed above, are shown in the table below. Information about the valuation methods used to determine fair value is provided in Note 17 on Fair Value Measurements. As stated in the summary of significant accounting policies, derivative instruments and their related gains and losses are presented as operating cash flows in the consolidated statement of cash flows.

The Company's policy is to present its derivative assets and derivative liabilities on a gross basis in its consolidated balance sheets, and these are reported in other assets and other liabilities. Certain collateral posted to and from the Company's clearing counterparty has been applied to the fair values of the cleared swaps, such that in the table below, the positive fair values of cleared swaps were reduced by $27.8 million at December 31, 2022. There was no reduction to negative fair values of cleared swaps at December 31, 2022. There was no reduction to positive or negative fair values of cleared swaps at December 31, 2023.

Asset DerivativesLiability Derivatives
December 31December 31
2023202220232022
(In thousands)    
Fair Value
Fair Value
Derivatives designated as hedging instruments:
Interest rate floors$78,960 $33,371 $— $— 
Total derivatives designated as hedging instruments$78,960 $33,371 $— $— 
Derivatives not designated as hedging instruments:
Interest rate swaps$35,816 $23,894 $(35,816)$(51,742)
Interest rate caps1,391 2,705(1,391)(2,705)
Credit risk participation agreements77 34 (194)(119)
Foreign exchange contracts534 488 (479)(418)
Mortgage loan commitments89 — (1)— 
Mortgage loan forward sale contracts8 — — — 
Forward TBA contracts1 — (18)— 
Total derivatives not designated as hedging instruments$37,916 $27,121 $(37,899)$(54,984)
Total$116,876 $60,492 $(37,899)$(54,984)
Summary of Cash Flow Hedge Activity [Table Text Block]
The Company made an election to exclude the initial premiums paid on the interest rate floors from the hedge effectiveness measurement. Those initial premiums are amortized over the periods between the premium payment month and the contract maturity month. The pre-tax effects of the gains and losses (both the included and excluded amounts for hedge effectiveness assessment) recognized in the other comprehensive income from the cash flow hedging instruments and the amounts reclassified from accumulated other comprehensive income into income (both included and excluded amounts for hedge effectiveness measurement) are shown in the table below.



Amount of Gain or (Loss) Recognized in OCI
Location of Gain (Loss) Reclassified from AOCI into IncomeAmount of Gain (Loss) Reclassified from AOCI into Income
(In thousands)TotalIncluded ComponentExcluded Component(In thousands)TotalIncluded ComponentExcluded Component
For the Year Ended December 31, 2023
Derivatives in cash flow hedging relationships:
Interest rate floors$(8,860)$3,122 $(11,982)Interest and fees on loans$15,209 $29,731 $(14,522)
Total$(8,860)$3,122 $(11,982)Total$15,209 $29,731 $(14,522)
For the Year Ended December 31, 2022
Derivatives in cash flow hedging relationships:
Interest rate floors$(2,428)$— $(2,428)Interest and fees on loans$23,355 $30,679 $(7,324)
Total$(2,428)$— $(2,428)Total$23,355 $30,679 $(7,324)
For the Year Ended December 31, 2021
Derivatives in cash flow hedging relationships:
Interest rate floors$— $— $— Interest and fees on loans$24,160 $30,310 $(6,150)
Total$— $— $— Total$24,160 $30,310 $(6,150)
Summary Of The Effects Of Derivative Instruments On Consolidated Statements Of Income
The gain and loss recognized through various derivative instruments on the consolidated statements of income are shown in the table below.

Location of Gain/(Loss) Recognized in the Consolidated Statements of IncomeAmount of Gain/(Loss) Recognized in Income on Derivative
For the Years
Ended December 31
(In thousands)202320222021
Derivative instruments:
Interest rate swapsOther non-interest income$3,642 $2,472 $3,170 
Interest rate capsOther non-interest income86 16 15 
Credit risk participation agreementsOther non-interest income60 172 (187)
Foreign exchange contractsOther non-interest income(14)38 78 
Mortgage loan commitmentsLoan fees and sales87 (763)(2,463)
Mortgage loan forward sale contractsLoan fees and sales8 (4)4 
Forward TBA contractsLoan fees and sales53 1,773 1,777 
Total$3,922 $3,704 $2,394 
Balance Sheet Offsetting, Derivatives [Table Text Block]
Gross Amounts Not Offset in the Balance Sheet
(In thousands)Gross Amount RecognizedGross Amounts Offset in the Balance SheetNet Amounts Presented in the Balance SheetFinancial Instruments Available for OffsetCollateral Received/PledgedNet Amount
December 31, 2023
Assets:
Derivatives subject to master netting agreements$116,702 $— $116,702 $(3,930)$(107,492)$5,280 
Derivatives not subject to master netting agreements174 — 174 
Total derivatives$116,876 $— $116,876 
Liabilities:
Derivatives subject to master netting agreements$37,300 $— $37,300 $(3,930)$— $33,370 
Derivatives not subject to master netting agreements599 — 599 
Total derivatives$37,899 $— $37,899 
December 31, 2022
Assets:
Derivatives subject to master netting agreements$60,270 $— $60,270 $(1,007)$(56,816)$2,447 
Derivatives not subject to master netting agreements222 — 222 
Total derivatives$60,492 $— $60,492 
Liabilities:
Derivatives subject to master netting agreements$54,609 $— $54,609 $(1,007)$— $53,602 
Derivatives not subject to master netting agreements375 — 375 
Total derivatives$54,984 $— $54,984