XML 63 R48.htm IDEA: XBRL DOCUMENT v3.25.3
Derivative Instruments (Tables)
9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Hedged in Statement of Financial Position, Fair Value
The following table summarizes the fair value hedges recorded in the accompanying consolidated balance sheets.

September 30, 2025December 31, 2024
(In thousands)Balance Sheet LocationWeighted Average Pay RateReceive RateNotionalFair ValueNotionalFair Value
Derivative assetsOther assets1.21%Federal Funds$1,001,715 $63,946 $1,001,715 $103,366 
Derivative liabilitiesAccrued interest and other liabilitiesDaily WA SOFR
3.07% - 3.56%
325,000 (2,274)— — 
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 Assets/LiabilitiesCumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of Hedged Assets/Liabilities
Line Item on the Balance Sheet (In thousands)September 30, 2025December 31, 2024September 30, 2025December 31, 2024
Investment securities - Available-for-sale$968,514 $934,132 $64,170 $103,595 
Subordinated debentures318,976 — (2,274)— 
The following table summarizes the cash flow hedges recorded in the accompanying consolidated balance sheets.


September 30, 2025December 31, 2024
(In thousands)Balance Sheet LocationWeighted Average Pay RateReceive RateNotionalFair ValueNotionalFair Value
Variable rate loansOther assets1M CME Term SOFR
3.18% - 4.05%
$1,000,000 $1,216 $— $— 
Variable rate commercial MBSOther assetsSOFR 30A
3.07% - 3.82%
300,000 162 — — 

The following table summarizes the cash flow hedges relationships on the statement of comprehensive income (loss).

Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss)
Three Months Ended
September 30,
Nine Months Ended
September 30,
(In thousands)2025202420252024
Variable rate loans$1,216 $— $1,216 $— 
Variable rate commercial MBS162 — 162 — 
The following table summarizes the fair values of loan derivative contracts recorded in the accompanying consolidated balance sheets.
September 30, 2025December 31, 2024
(In thousands)NotionalFair ValueNotionalFair Value
Derivative assets$999,054 $32,119 $748,752 $24,108 
Derivative liabilities999,961 33,089 749,683 24,032