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Derivative Instruments (Tables)
9 Months Ended
Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table summarizes the fair value hedges recorded in the accompanying consolidated balance sheets.
September 30, 2022December 31, 2021
(In thousands)Balance Sheet LocationWeighted Average Pay RateReceive RateNotionalFair ValueNotionalFair Value
Derivative assetsOther assets1.21%Federal Funds$999,700 $110,469 $1,001,715 $10,524 

The following amounts were recorded on the balance sheet related to carrying amounts and cumulative basis adjustments for fair value hedges.
Carrying Amount of Hedged AssetsCumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of Hedged Assets
Line Item on the Balance Sheet (In thousands)September 30, 2022December 31, 2021September 30, 2022December 31, 2021
Investment securities - Available-for-sale$716,275 $1,063,173 $110,469 $10,524 
The following table summarizes the fair values of loan derivative contracts recorded in the accompanying consolidated balance sheets.
September 30, 2022December 31, 2021
(In thousands)NotionalFair ValueNotionalFair Value
Derivative assets$431,588 $39,168 $318,428 $15,328 
Derivative liabilities432,582 39,119 321,985 15,443