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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2022
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, 2022

(In thousands)

(In thousands)

Interest rate lock commitments

$

62,301

Other assets/liabilities

$

299

$

121

Forward contracts

$

49,750

Other assets/liabilities

114

203

Interest rate swaps

$

25,190

Other assets/liabilities

 

160

$

573

$

324

Notional

Fair Value

Amount

 

Balance Sheet Location

 

Asset

 

Liability

December 31, 2021

(In thousands)

(In thousands)

Interest rate lock commitments

$

58,701

Other assets/liabilities

$

264

$

41

Forward contracts

$

81,250

Other assets/liabilities

 

86

118

$

350

$

159

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, 

    

2022

    

2021

    

2022

    

2021

(In thousands)

(In thousands)

Derivative gain (loss) included in other income:

Interest rate lock commitments

$

837

$

1,046

$

(45)

$

(5,698)

Forward contracts (includes pair-off settlements)

1,309

(2,289)

4,459

6,107

Net derivative gains (loss)

$

2,146

$

(1,243)

$

4,414

$

409

Gain (loss) included in gain on sale of loans:

Interest rates swaps - change in fair value

160

160

Hedged loans held for sale - change in fair value

(165)

 

(165)

Net gain (loss)

$

(5)

$

$

(5)

$

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, 2022

$

181,805

Other assets/liabilities

$

3,662

$

3,662

December 31, 2021

$

135,686

Other assets/liabilities

$

1,131

$

1,131

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, 

    

2022

    

2021

    

2022

    

2021

(In thousands)

(In thousands)

Gross swap gains

$

2,035

$

195

$

2,531

$

1,081

Gross swap losses

2,035

195

 

2,531

1,081

Net swap gains (losses)

$

$

$

$