Variable Interest Entities and Other Investments (Tables)

3 Months Ended

Mar. 31, 2020

Variable Interest Entities And Other Investments [Abstract]

Summary of Investment in Limited Partnerships

The following table presents a summary of the Company’s investments in limited partnerships as of March 31, 2020 and December 31, 2019:

(In thousands)	March 31, 2020		December 31, 2019
Affordable housing projects (amortized cost)	$	27,635	$	28,205
Limited partnerships accounted for under the fair value practical expedient of NAV		19,785		18,742
Limited partnerships without readily determinable fair values that do not qualify for the practical expedient of NAV accounted for under the cost method		12,498		8,681
Limited partnerships required to be accounted for under the equity method		8,951		8,951
Total investments in limited partnerships	$	68,869	$	64,579

Summary of Carrying Amount of Equity Investments Measured Under Measurement Alternative

The carrying amount of equity investments measured under the measurement alternative are as follows:

	For the Three Months Ended March 31,
(In thousands)	2020			2019
Carrying value, Beginning of Year	$	8,681		$	8,714
Reclassifications		(525	)		800
Distributions		(215	)		(42	)
Contributions		300			736
Acquired in Settlement of Loans		4,257			—
Carrying value, End of Period	$	12,498		$	10,208