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Derivative Instruments (Tables)
9 Months Ended
Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table summarizes the fair value hedges recorded in the accompanying consolidated balance sheets.
September 30, 2023December 31, 2022
(In thousands)Balance Sheet LocationWeighted Average Pay RateReceive RateNotionalFair ValueNotionalFair Value
Derivative assetsOther assets1.21%Federal Funds$1,001,715 $144,281 $1,001,715 $104,833 

The following amounts were recorded on the balance sheet related to carrying amounts and cumulative basis adjustments for fair value hedges.
Carrying Amount of Hedged AssetsCumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of Hedged Assets
Line Item on the Balance Sheet (In thousands)September 30, 2023December 31, 2022September 30, 2023December 31, 2022
Investment securities - Available-for-sale$901,066 $944,115 $144,979 $106,321 
The following table summarizes the fair values of loan derivative contracts recorded in the accompanying consolidated balance sheets.
September 30, 2023December 31, 2022
(In thousands)NotionalFair ValueNotionalFair Value
Derivative assets$506,483 $33,902 $413,968 $34,490 
Derivative liabilities507,450 33,801 414,955 34,440