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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2020
Derivative Financial Instruments  
Summary of notional amount and fair value of derivative assets and liabilities

Notional

Fair Value

Amount

 

Balance Sheet Location

 

Asset

 

Liability

June 30, 2020

(In thousands)

(In thousands)

Interest rate lock commitments

$

353,094

Other assets/liabilities

$

5,742

$

Forward contracts

 

241,333

Other assets/liabilities

 

16

1,249

$

5,758

$

1,249

Notional

Fair Value

Amount

 

Balance Sheet Location

 

Asset

 

Liability

December 31, 2019

(In thousands)

(In thousands)

Interest rate lock commitments

$

17,826

Other assets/liabilities

$

186

$

Forward contracts

 

34,268

Other assets/liabilities

 

27

$

186

$

27

Summarizes the periodic changes in the fair value of the derivative financial instruments on the condensed consolidated statements of income

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2020

    

2019

    

2020

    

2019

(In thousands)

(In thousands)

Interest rate lock commitments

$

3,743

$

74

$

5,556

$

74

Forward contracts (includes pair-off settlements)

(2,114)

(50)

 

(3,958)

(55)

Net derivative gains

$

1,629

$

24

1,598

$

19

Interest rate swaps  
Derivative Financial Instruments  
Summary of notional amount and fair value of derivative assets and liabilities

Notional

Fair Value

Amount

 

Balance Sheet Location

 

Asset

 

Liability

(In thousands)

(In thousands)

June 30, 2020

$

82,942

Other assets/liabilities

$

3,848

$

3,848

December 31, 2019

58,067

Other assets/liabilities

$

511

$

511

Summarizes the periodic changes in the fair value of the derivative financial instruments on the condensed consolidated statements of income

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2020

    

2019

    

2020

    

2019

(In thousands)

(In thousands)

Gross swap gains

$

634

$

$

3,337

$

Gross swap losses

(634)

 

(3,337)

Net swap gains (losses)

$

$

$