Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2021

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:

	June 30, 2021		December 31, 2020
	Assets		Assets
	Carrying		Carrying
	Value		Value
	(In Thousands)
Derivatives not designated as hedging instruments
Mortgage Banking Derivatives	$	4,157	$	3,833

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 June 30, 2021 and 2020 represents a fair value adjustment that runs through mortgage banking income.

	Three Months Ended June 30,					Six Months Ended June 30,
	2021			2020		2021		2020
	(In Thousands)
Derivatives not designated as hedging instruments
Mortgage Banking Derivatives – Gain (Loss)	$	(3,780	)	$	3,279	$	324	$	6,361

Summary of Interest Rate Swaps Designated as Cash Flow Hedges

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

	June 30, 2021			December 31, 2020
Notional amount	$	250,000		$	-
Weighted average fixed receive rates		1.437	%		—
Weighted average variable 1-month LIBOR pay rates		0.086	%		—
Weighted average maturity (in years)		10			—
Unrealized gains (losses), net of tax	$	3,147			—