The Company is party to off-balance sheet financial instruments in the normal course of business to meet the financing needs of its customers and to reduce its own exposure to fluctuations in interest rates. These financial instruments include loan commitments, standby and commercial letters of credit, and loan level derivatives. According to GAAP, these financial instruments are not recorded in the financial statements until they are funded or related fees are incurred or received.

The contract amounts reflect the extent of the involvement the Company has in particular classes of these instruments. Such commitments involve, to varying degrees, elements of credit risk and interest-rate risk in excess of the amount recognized in the consolidated balance sheets. The Company's exposure to credit loss in the event of non-performance by the counterparty is represented by the fair value of the instruments. The Company uses the same policies in making commitments and conditional obligations as it does for on-balance sheet instruments.


	At June 30, 2025		At December 31, 2024
	(In Thousands)
Financial instruments whose contract amounts represent credit risk:
Commitments to originate loans and leases:
Commercial real estate	$	40,672	$	11,126
Commercial	111,854		144,721
Residential mortgage	24,646		14,607
Unadvanced portion of loans and leases	952,115		1,076,783
Unused lines of credit:
Home equity	807,749		780,214
Other consumer	129,642		113,838
Other commercial	429		398
Unused letters of credit:
Financial standby letters of credit	9,695		12,702
Performance standby letters of credit	28,040		24,325
Commercial and similar letters of credit	2,206		2,330
Interest rate derivatives	225,000		225,000
Loan level derivatives (Notional principal amounts):
Receive fixed, pay variable	1,425,875		1,672,948
Pay fixed, receive variable	1,425,875		1,672,948
Risk participation-out agreements	430,619		539,731
Risk participation-in agreements	100,934		102,198
Foreign exchange contracts (Notional amounts):
Buys foreign currency, sells U.S. currency	5,560		5,849
Sells foreign currency, buys U.S. currency	5,105		5,408

Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require the payment of a fee by the customer. Since some of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer's creditworthiness on a case-by-case basis. The amount of collateral obtained, if any, is based on management's credit evaluation of the borrower.

Standby and commercial letters of credit are conditional commitments issued by the Company to guarantee performance of a customer to a third party. These standby and commercial letters of credit are primarily issued to support the financing needs of the Company's commercial customers. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers.

From time to time, the Company enters into loan level derivatives, risk participation agreements or foreign exchange contracts with commercial customers and third-party financial institutions. These derivatives allow the Company to offer long-term fixed-rate commercial loans while mitigating the interest-rate or foreign exchange risk of holding those loans. In a loan level derivative transaction, the Company lends to a commercial customer on a floating-rate basis and then enters into a loan level derivative with that customer. Concurrently, the Company enters into offsetting swaps with a third-party financial institution, effectively minimizing its net interest-rate risk exposure resulting from such transactions. The fair value of these derivatives are presented in Note 8.

The Company leases certain office space under various noncancellable operating leases as well as other assets. These leases have terms ranging from 1 year to over 19 years. Certain leases contain renewal options and escalation clauses which can increase rental expenses based principally on the consumer price index and fair market rental value provisions. All of the Company's current outstanding leases are classified as operating leases.

The Company considered the following criteria when determining whether a contract contains a lease, the existence of an identifiable asset and the right to obtain substantially all of the economic benefits from use of the asset through the period. The Company uses the FHLB classic advance rates available as of the lease's start dates as the discount rate to determine the net present value of the remaining lease payments.


	Six Months Ended June 30, 2025		Six Months Ended June 30, 2024
	(In Thousands)
The components of lease expense was as follows:
Operating lease cost	$	4,418	$	4,548





Supplemental cash flow information related to leases was as follows:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	4,518	$	4,629


Right-of-use assets obtained in exchange for new lease obligations:
Operating leases assets	$	246	$	8,841
Operating leases liabilities	246		8,841


	At June 30, 2025		At December 31, 2024
	(In Thousands)
Supplemental balance sheet information related to leases was as follows:
Operating Leases
Operating lease right-of-use assets	$	42,415	$	43,527


Operating lease liabilities	43,528		44,785











Weighted Average Remaining Lease Term
Operating leases	9.08		8.90


Weighted Average Discount Rate
Operating leases	3.9%		4.1%


	Minimum Rental Payments
	June 30, 2025
	(In Thousands)

Remainder of 2025	$	4,629
Year ending:
2026	8,976
2027	7,970
2028	6,421
2029	4,589
2030	2,978
Thereafter	15,370
Total	$	50,933
Less imputed interest	(7,405)
Present value of lease liability	$	43,528

Certain leases contain escalation clauses for real estate taxes and other expenditures, which are not included above. The total real estate taxes were $1.2 million and $1.2 million for the six months ended June 30, 2025 and 2024, respectively. Total other expenditures were $0.3 million and $0.3 million for the six months ended June 30, 2025 and 2024, respectively. Total rental expense was $4.4 million and $4.5 million for the six months ended June 30, 2025 and 2024, respectively. Total rental expense was $2.2 million and $2.2 million for the three months ended June 30, 2025 and 2024, respectively.

In the normal course of business, there are various outstanding legal proceedings. In the opinion of management, after consulting with legal counsel, the consolidated financial position and results of operations of the Company are not expected to be affected materially by the outcome of such proceedings.