Derivatives (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

(In thousands)	Notional Amount		Fair Value		Balance Sheet Category
At September 30, 2023
Back-to-back swaps	$	505,742	$	37,362	Other Assets and Other Liabilities
Interest rate floors	300,000		—		Other Assets
Fair value hedges	400,000		6,914		Other Assets
At December 31, 2022
Back-to-back swaps	$	312,808	$	23,140	Other Assets and Other Liabilities
Interest rate floors	300,000		2		Other Assets

The following table presents amounts recorded on the Consolidated Balance Sheet related to cumulative basis adjustments for fair value hedges.

	Carrying amount of the hedged items				Cumulative amount of fair value hedging adjustment included in the carrying amount of the hedged items
(In thousands)	September 30, 2023		December 31, 2022		September 30, 2023		December 31, 2022
Available-for-sale securities 1	$	574,823	$	—	$	7,014	$	—
1 At September 30, 2023, and December 31, 2022, the amortized cost basis and unallocated basis adjustments used in hedging relationships was $696.2 million and $0, respectively. Refer to Note 3 for a reconciliation of the amortized cost and fair value of available-for-sale securities.