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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2023
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.

December 31, 2023December 31, 2022
(In thousands)Balance Sheet LocationWeighted Average Pay RateReceive RateNotionalFair ValueNotionalFair Value
Derivative assetsOther assets1.21%Federal Funds$1,001,715 $102,644 $1,001,715 $104,833 

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)2023202220232022
Investment securities - Available-for-sale$940,010 $944,115 $104,408 $106,321 
The following table summarizes the fair values of loan derivative contracts recorded in the accompanying consolidated balance sheets for the years ended December 31, 2023 and 2022.

20232022
(In thousands)NotionalFair ValueNotionalFair Value
Derivative assets$551,314 $27,627 $413,968 $34,490 
Derivative liabilities552,274 27,584 414,955 34,440