Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amount and Fair Value of Mortgage Banking Derivative Financial Instruments

The following table presents a summary of the notional amounts and fair values of derivative financial instruments:

	June 30, 2023				December 31, 2022
(In thousands)	Notional Amount		Asset (Liability) Fair Value		Notional Amount		Asset (Liability) Fair Value
Interest Rate Lock Commitments
Positive Fair Values	$	2,285	$	14	$	274	$	3
Negative Fair Values	4,248		(22)		5,252		(40)
Forward Commitments
Positive Fair Values	1,762		6		4,750		43
Negative Fair Values	3,442		(15)		—		—
Interest Rate Swaps with Customers
Positive Fair Values	36,644		251		16,650		164
Negative Fair Values	106,434		(11,431)		107,145		(11,533)
Interest Rate Swaps with Counterparties
Positive Fair Values	106,434		11,431		107,145		11,533
Negative Fair Values	36,644		(251)		16,650		(164)
Interest Rate Swaps used in Cash Flow Hedges
Positive Fair Values	190,000		3,589		—		—
Negative Fair Values	—		—		—		—

Schedule of Mortgage Banking Derivative Financial Instruments Net, Gains or Losses Recognized Within Other Noninterest Income

The following table presents derivative financial instruments and the amount of the net fair value gains (losses) recognized within other noninterest income on the Consolidated Statement of Income:

	Three months ended				Six months ended
(In thousands)	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Interest Rate Lock Commitments	$	(42)	$	214	$	29	$	27
Forward Commitments	170		324		119		1,077
Total	$	128	$	538	$	148	$	1,104

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table presents the effect of fair value and cash flow hedge accounting on AOCI:

(In thousands)	Amount of Gain Recognized in OCI on Derivative		Amount of Gain Recognized in OCI Included Component		Amount of Gain Recognized in OCI Excluded Component		Location of Gain recognized from AOCI into Income	Amount of Gain (Loss) Reclassified from AOCI into Income		Amount of Gain (Loss) Reclassified from AOCI into Expense Included Component		Amount of Gain (Loss) Reclassified from AOCI into Expense Excluded Component
Derivatives in Cash Flow Hedging Relationships:
Three months ended June 30, 2023
Interest Rate Swaps	$	3,591	$	3,591	$	—	Interest Expense	$	—	$	—	$	—
Six months ended June 30, 2023
Interest Rate Swaps	$	3,428	$	3,428	$	—	Interest Expense	$	—	$	—	$	—

Schedule of Gross Amounts of Commercial Loan Swap Derivatives, Amounts Offset and Carrying Values

The gross amounts of commercial loan swap derivatives, the amounts offset and the carrying values in the Consolidated Balance Sheets, and the collateral pledged to support such agreements are presented below:

(In thousands)	June 30, 2023		December 31, 2022
Interest Rate Swap Contracts - Commercial Loans:
Gross amounts recognized (1)	$	11,682	$	11,697
Gross amounts offset (2)	11,682		11,697
Net Amounts Presented in the Consolidated Balance Sheets	—		—
Gross amounts not offset:
Financial instruments	—		—
Cash collateral (3)	1,600		1,600
Net Amounts	$	1,600	$	1,600

(1) Included in other assets on the Consolidated Balance Sheet.

(2) Included in other liabilities on the Consolidated Balance Sheet.

(3) Included in cash and due from banks on the Consolidated Balance Sheet.