v3.25.2
Derivatives (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments The following table presents the fair value of derivatives not designated as hedging instruments at June 30, 2025 and December 31, 2024:
(In Thousands)Asset Derivatives
June 30, 2025December 31, 2024
Balance Sheet LocationFair ValueFair Value
Interest rate swapsOther assets$8,771 $13,011 
Interest rate lock commitmentsOther assets1,296 465 
Retail interest rate contractsOther assets— 49 
Total$10,067 $13,525 
(In Thousands)Liability Derivatives
June 30, 2025December 31, 2024
Balance Sheet LocationFair ValueFair Value
Interest rate swapsOther liabilities$8,771 $13,011 
Retail interest rate contractsOther liabilities189 — 
Total$8,960 $13,011 
Derivative Instruments, Gain (Loss) The following table presents the net gains (losses) of derivatives not designated as hedging instruments for periods indicated below:
Three Months Ended June 30,Six Months Ended June 30,
(In Thousands)Income Statement Location2025202420252024
Retail interest rate contractsMortgage banking income($26)$99 ($335)$220 
Interest rate lock commitmentsMortgage banking income(93)260 787 645 
Total($119)$359 $452 $865 
Offsetting Assets The following table summarizes the derivatives that have a right of offset as of June 30, 2025 and December 31, 2024:
June 30, 2025Gross amounts not offset in the Statement of Financial Position
(In Thousands)Gross amounts of recognized assets and liabilitiesGross amounts offset in the Statement of Financial PositionNet amounts of assets and liabilities presented in the Statement of Financial PositionFinancial InstrumentsCollateral PostedNet Amount
Asset Derivatives
Interest rate swaps$8,771$— $8,771$— $— $8,771 
Liability Derivatives
Interest rate swaps$8,771$— $8,771$— $8,771$— 
Retail interest rate contracts189 — 189 — — 189 
December 31, 2024Gross amounts not offset in the Statement of Financial Position
(In Thousands)Gross amounts of recognized assets and liabilitiesGross amounts offset in the Statement of Financial PositionNet amounts of assets and liabilities presented in the Statement of Financial PositionFinancial InstrumentsCollateral PostedNet Amount
Asset Derivatives
Interest rate swaps$13,011$— $13,011$— $— $13,011 
Retail interest rate contracts49 — 49 — — 49 
Liability Derivatives
Interest rate swaps$13,011$— $13,011$— $13,011$— 
Offsetting Liabilities The following table summarizes the derivatives that have a right of offset as of June 30, 2025 and December 31, 2024:
June 30, 2025Gross amounts not offset in the Statement of Financial Position
(In Thousands)Gross amounts of recognized assets and liabilitiesGross amounts offset in the Statement of Financial PositionNet amounts of assets and liabilities presented in the Statement of Financial PositionFinancial InstrumentsCollateral PostedNet Amount
Asset Derivatives
Interest rate swaps$8,771$— $8,771$— $— $8,771 
Liability Derivatives
Interest rate swaps$8,771$— $8,771$— $8,771$— 
Retail interest rate contracts189 — 189 — — 189 
December 31, 2024Gross amounts not offset in the Statement of Financial Position
(In Thousands)Gross amounts of recognized assets and liabilitiesGross amounts offset in the Statement of Financial PositionNet amounts of assets and liabilities presented in the Statement of Financial PositionFinancial InstrumentsCollateral PostedNet Amount
Asset Derivatives
Interest rate swaps$13,011$— $13,011$— $— $13,011 
Retail interest rate contracts49 — 49 — — 49 
Liability Derivatives
Interest rate swaps$13,011$— $13,011$— $13,011$—