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Derivatives (Tables)
 6 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments The following table presents the fair value of derivatives not designated as hedging instruments at June 30, 2024 and December 31, 2023:
(In Thousands)Asset Derivatives
June 30, 2024December 31, 2023
Balance Sheet LocationFair ValueFair Value
Interest rate swapsOther assets$12,534 $10,470 
Interest rate lock commitmentsOther assets1,059 342 
Retail interest rate contractsOther assets120 — 
Total$13,713 $10,812 
(In Thousands)Liability Derivatives
June 30, 2024December 31, 2023
Balance Sheet LocationFair ValueFair Value
Interest rate swapsOther liabilities$12,534 $10,470 
Retail interest rate contractsOther liabilities— 13 
Total$12,534 $10,483 
Derivative Instruments, Gain (Loss) The following table presents the net gains (losses) of derivatives not designated as hedging instruments for periods indicated below:
Three Months Ended June 30,Six Months Ended June 30,
(In Thousands)Income Statement Location2024202320242023
Retail interest rate contractsMortgage banking income$99 $291 $220 $168 
Interest rate lock commitmentsMortgage banking income260 129 645 358 
Total$359 $420 $865 $526 
Offsetting Assets The following table summarizes the derivatives that have a right of offset as of June 30, 2024 and December 31, 2023:
June 30, 2024Gross amounts not offset in the Statement of Financial Position
(In Thousands)Gross amounts of recognized assets and liabilitiesGross amounts offset in the Statement of Financial PositionNet amounts of assets and liabilities presented in the Statement of Financial PositionFinancial InstrumentsCollateral PostedNet Amount
Asset Derivatives
Interest rate swaps$12,534$— $12,534$— $— $12,534 
Retail interest rate contracts120 — 120 — — 120 
Liability Derivatives
Interest rate swaps$12,534$— $12,534$— $12,534$— 
December 31, 2023Gross amounts not offset in the Statement of Financial Position
(In Thousands)Gross amounts of recognized assets and liabilitiesGross amounts offset in the Statement of Financial PositionNet amounts of assets and liabilities presented in the Statement of Financial PositionFinancial InstrumentsCollateral PostedNet Amount
Asset Derivatives
Interest rate swaps$10,470$— $10,470$— $— $10,470 
Liability Derivatives
Interest rate swaps$10,470$— $10,470$— $10,470$— 
Retail interest rate contracts13 — 13 — — 13 
Offsetting Liabilities The following table summarizes the derivatives that have a right of offset as of June 30, 2024 and December 31, 2023:
June 30, 2024Gross amounts not offset in the Statement of Financial Position
(In Thousands)Gross amounts of recognized assets and liabilitiesGross amounts offset in the Statement of Financial PositionNet amounts of assets and liabilities presented in the Statement of Financial PositionFinancial InstrumentsCollateral PostedNet Amount
Asset Derivatives
Interest rate swaps$12,534$— $12,534$— $— $12,534 
Retail interest rate contracts120 — 120 — — 120 
Liability Derivatives
Interest rate swaps$12,534$— $12,534$— $12,534$— 
December 31, 2023Gross amounts not offset in the Statement of Financial Position
(In Thousands)Gross amounts of recognized assets and liabilitiesGross amounts offset in the Statement of Financial PositionNet amounts of assets and liabilities presented in the Statement of Financial PositionFinancial InstrumentsCollateral PostedNet Amount
Asset Derivatives
Interest rate swaps$10,470$— $10,470$— $— $10,470 
Liability Derivatives
Interest rate swaps$10,470$— $10,470$— $10,470$— 
Retail interest rate contracts13 — 13 — — 13