Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of carrying values of the derivative instrument assets

The table below provides data about the carrying values of these derivative instrument assets:

	March 31, 2022		December 31, 2021
	(In Thousands)
Derivatives not designated as hedging instruments
Mortgage Banking Derivatives	$	9,923	$	2,336

Schedule of amount of gains and losses recognized in income on derivative instruments not designated as hedging instruments

The table below provides data about the amount of gains and losses recognized in income on derivative instruments not designated as hedging instruments. The difference in derivative carrying value at March 31, 2022 and 2021 represents a fair value adjustment that runs through mortgage banking income.

	Three Months Ended March 31,
	2022		2021
	(In Thousands)
Derivatives not designated as hedging instruments
Mortgage Banking Derivatives – Gain (Loss)	$	7,587	$	4,124

Summary of Interest Rate Swap Designated as Cash Flow Hedge

A summary of the interest-rate swap designated as a cash flow hedge is presented below (dollars in thousands):

	March 31, 2022			December 31, 2021
Notional amount	$	250,000		$	250,000
Weighted average fixed receive rates		1.437	%		1.437	%
Weighted average variable 1-month LIBOR pay rates		0.438	%		0.089	%
Weighted average remaining maturity (in years)		9.0			9.3
Fair value	$	(16,180	)	$	854