v3.25.2
Derivatives and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Financial Instruments on the Consolidated Balance Sheets The tables below present the fair value of the Company’s derivative financial instruments as well as their classification in the Consolidated Statements of Financial Condition at June 30, 2025 and December 31, 2024:
June 30, 2025
Asset DerivativeLiability Derivative
Consolidated Statements of Financial ConditionFair ValueConsolidated Statements of Financial ConditionFair Value
(In thousands)
Derivatives:
Interest rate products - designated hedgesOther Assets$643 Other Liabilities$3,105 
Interest rate products - non-designated hedgesOther Assets11,199 Other Liabilities11,298 
Total derivative instruments$11,842 $14,403 

December 31, 2024
Asset DerivativeLiability Derivative
Consolidated Statements of Financial ConditionFair ValueConsolidated Statements of Financial ConditionFair Value
(In thousands)
Derivatives:
Interest rate products - designated hedgesOther Assets$3,619 Other Liabilities$4,847 
Interest rate products - non-designated hedgesOther Assets15,276 Other Liabilities15,178 
Total derivative instruments$18,895 $20,025 
Schedule of Derivative Instruments
At June 30, 2025 and December 31, 2024, the following amounts were recorded on the Consolidated Statements of Financial Condition related to cumulative basis adjustment for fair value hedges:

Carrying Amount of Hedged Assets/(Liabilities)Cumulative Amount of Fair Value Hedging Adjustment included in the Carrying Amount of Hedged Assets/(Liabilities)Carrying Amount of Hedged Assets/(Liabilities)Cumulative Amount of Fair Value Hedging Adjustment included in the Carrying Amount of Hedged Assets/(Liabilities)
At June 30, 2025
At December 31, 2024
(In thousands)
Fair value interest rate products$99,747 $(253)$853,422 $3,422