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Derivatives (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
(In thousands)Notional AmountFair ValueBalance Sheet Category
June 30, 2025
Interest rate contracts1
$1,025,092 $26,743 Other Assets and Other Liabilities
Residential mortgage fair value hedges200,000 61 Other Assets
Residential mortgage fair value hedges200,000 74 Other Liabilities
December 31, 2024
Interest rate contracts1
$910,640 $28,184 Other Assets and Other Liabilities
Securities fair value hedges400,000 436 Other Assets
Residential mortgage fair value hedges400,000 121 Other Assets and Other Liabilities
1Interest rate contracts include risk participation agreements with notional amounts of $48.5 million and $28.9 million at June 30, 2025, and December 31, 2024, respectively with nominal fair value in both periods.
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 itemsCumulative amount of fair value hedging adjustment included in the carrying amount of the hedged items
(In thousands)June 30, 2025December 31, 2024June 30, 2025December 31, 2024
Securities AFS1
$— $460,126 $— $35 
Loans, net2
568,620 596,632 111 283 
1 At December 31, 2024, the amortized cost basis and unallocated basis adjustments used in hedging relationships was $553.8 million. Refer to “Note 3 - Securities” for a reconciliation of the amortized cost and fair value of AFS securities.
2 These amounts represent the amortized cost basis of closed portfolios used to designate hedging relationships in which the hedged item is the stated amount of assets in the closed portfolios anticipated to be outstanding for the designated hedge period. At June 30, 2025, the portfolio layer method was $400 million, of which $400 million was designated as hedged. At December 31, 2024, the portfolio layer method was $400 million, of which $400 million was designated as hedged.