Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

Summary of information regarding the Company's derivative financial instruments

	December 31, 2020				December 31, 2019
	Notional				Notional
	Amount		Fair Value (1)		Amount		Fair Value (1)
	(In thousands)
Interest rate swaps (fair value hedge)	$	—	$	—	$	139,960	$	2,352
Interest rate swaps (non-hedge)		62,779		1,319		—		—
Interest rate swaps (fair value hedge)		316,051		(28,689)		186,009		(7,769)
Interest rate swaps (cash flow hedge)		1,021,500		(25,300)		541,500		(8,530)
Interest rate swaps (non-hedge)		80,779		(6,998)		18,000		(3,354)
Total derivatives	$	1,481,109	$	(59,668)	$	885,469	$	(17,301)

(1) Derivatives in a net positive position are recorded as “Other assets” and derivatives in a net negative position are recorded as “Other liabilities” in the Consolidated Statements of Financial Condition.

Schedule of effect of derivative instruments on the Consolidated Statements of Income

		For the years ended
		December 31,
(In thousands)	Affected Line Item in the Statement Where Net income is Presented	2020		2019		2018
Financial Derivatives:
	Other interest expense	$	(434)	$	(140)	$	(193)
	Net gain (loss) from fair value adjustments		(2,325)		(2,981)		919
Interest rate swaps (non-hedge)			(2,759)		(3,121)		726
Interest rate swaps (fair value hedge)	Interest and fees on loans		(5,226)		(837)		43
Interest rate swaps (cash flow hedge)	Other interest expense		(6,703)		1,232		156
Net (loss) income		$	(14,688)	$	(2,726)	$	925

Schedule of effect of the master netting arrangements on the presentation of the derivative assets and liabilities in the Consolidated Statements of Condition

December 31, 2020

Gross Amounts Not Offset in the

Consolidated Statement of

Gross Amount Offset in

Net Amount of Assets

Condition

Gross Amount of

the Statement of

Presented in the Statement of

Financial

Cash Collateral

(In thousands)

Recognized Assets

Condition

Condition

Instruments

Received

Net Amount

Interest rate swaps

$

1,319

$

—

$

1,319

$

—

$

—

$

1,319

Gross Amounts Not Offset in the

Consolidated Statement of

Gross Amount of

Gross Amount Offset in

Net Amount of Liabilities

Condition

Recognized

the Statement of

Presented in the Statement of

Financial

Cash Collateral

(In thousands)

Liabilities

Condition

Condition

Instruments

Pledged

Net Amount

Interest rate swaps

$

60,987

$

—

$

60,987

$

99

$

63,517

$

(2,629)

December 31, 2019

Gross Amounts Not Offset in the

Consolidated Statement of

Gross Amount Offset in

Net Amount of Assets

Condition

Gross Amount of

the Statement of

Presented in the Statement of

Financial

Cash Collateral

(In thousands)

Recognized Assets

Condition

Condition

Instruments

Received

Net Amount

Interest rate swaps

$

2,352

$

—

$

2,352

$

—

$

—

$

2,352

Gross Amounts Not Offset in the

Consolidated Statement of

Gross Amount of

Gross Amount Offset in

Net Amount of Liabilities

Condition

Recognized

the Statement of

Presented in the Statement of

Financial

Cash Collateral

(In thousands)

Liabilities

Condition

Condition

Instruments

Pledged

Net Amount

Interest rate swaps

$

19,653

$

—

$

19,653

$

19,265

$

—

$

388