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Derivative Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2021
Notes Tables |
Summary of information regarding the Company's derivative financial instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, 2021 |  | December 31, 2020
​ | ​ | Notional | ​ | Net Carrying | ​ | Notional | ​ | Net Carrying
​ |  | Amount |  | Value (1) |  | Amount |  | Value (1)
​ | ​ | (In thousands)
Interest rate swaps (non-hedge) | ​ | $ | 114,835 | ​ | $ | 3,225 | ​ | $ | 62,779 | ​ | $ | 1,319
Interest rate swaps (cash flow hedge) | ​ | ​ | 355,000 | ​ | ​ | 4,168 | ​ | ​ | — | ​ | ​ | —
Interest rate swaps (fair value hedge) | ​ |  | 308,350 | ​ |  | (15,296) | ​ |  | 316,051 | ​ |  | (28,689)
Interest rate swaps (cash flow hedge) | ​ |  | 641,500 | ​ |  | (14,675) | ​ |  | 1,021,500 | ​ |  | (25,300)
Interest rate swaps (non-hedge) | ​ |  | 114,835 | ​ |  | (3,225) | ​ |  | 80,779 | ​ |  | (6,998)
Total derivatives | ​ | $ | 1,534,520 | ​ | $ | (25,803) | ​ | $ | 1,481,109 | ​ | $ | (59,668)
(1)Derivatives in a positive position are recorded as “Other assets” and derivatives in a negative position are recorded as “Other liabilities” in the Consolidated Statements of Financial Condition.
Schedule of effect of derivative instruments on the Consolidated Statements of Income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ |  | For the three months ended |  | For the nine months ended
​ | ​ | ​ | September 30, | ​ | September 30,
(In thousands) | Affected Line Item in the Statement Where Net income is Presented |  | 2021 |  | 2020 |  | 2021 |  | 2020
Financial Derivatives: | ​ |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
​ | Other interest expense | ​ | $ | (33) | ​ | $ | (132) | ​ | $ | (305) | ​ | $ | (298)
​ | Net gain (loss) from fair value adjustments | ​ | ​ | (445) | ​ | ​ | 590 | ​ | ​ | 978 | ​ | ​ | (3,220)
Interest rate swaps (non-hedge) | ​ | ​ | ​ | (478) | ​ | ​ | 458 | ​ | ​ | 673 | ​ | ​ | (3,518)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps (fair value hedge) | Interest and fees on loans | ​ | ​ | (1,206) | ​ | ​ | (1,158) | ​ | ​ | (3,231) | ​ | ​ | (4,863)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps (cash flow hedge) | Other interest expense | ​ |  | (2,737) | ​ |  | (2,511) | ​ |  | (7,942) | ​ | ​ | (4,057)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net loss | ​ | ​ | $ | (4,421) | ​ | $ | (3,211) | ​ | $ | (10,500) | ​ | $ | (12,438)
Schedule of effect of the master netting arrangements on the presentation of the derivative assets and liabilities in the Consolidated Statements of Condition | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2021
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Gross Amounts Not Offset in the | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Consolidated Statement of | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross Amount Offset in | ​ | Net Amount of Assets | ​ | Condition | ​ | ​ | ​
​ | ​ | Gross Amount of | ​ | the Statement of | ​ | Presented in the Statement of | ​ | Financial | ​ | Cash Collateral | ​ | ​ | ​
(In thousands) |  | Recognized Assets |  | Condition |  | Condition |  | Instruments |  | Received |  | Net Amount
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​
Interest rate swaps | ​ | $ | 7,393 | ​ | $ | — | ​ | $ | 7,393 | ​ | $ | — | ​ | $ | — |  | $ | 7,393
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Gross Amounts Not Offset in the | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Consolidated Statement of | ​ | ​ | ​
​ | ​ | Gross Amount of | ​ | Gross Amount Offset in | ​ | Net Amount of Liabilities | ​ | Condition | ​ | ​ | ​
​ | ​ | Recognized | ​ | the Statement of | ​ | Presented in the Statement of | ​ | Financial | ​ | Cash Collateral | ​ | ​
(In thousands) |  | Liabilities |  | Condition |  | Condition |  | Instruments |  | Pledged |  | Net Amount
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​
Interest rate swaps | ​ | $ | 33,196 | ​ | $ | — | ​ | $ | 33,196 | ​ | $ | — | ​ | $ | 29,067 |  | $ | 4,129
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2020
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Gross Amounts Not Offset in the | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Consolidated Statement of | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross Amount Offset in | ​ | Net Amount of Assets | ​ | Condition | ​ | ​ | ​
​ | ​ | Gross Amount of | ​ | the Statement of | ​ | Presented in the Statement of | ​ | Financial | ​ | Cash Collateral | ​ | ​ | ​
(In thousands) |  | Recognized Assets |  | Condition |  | Condition |  | Instruments |  | Received |  | Net Amount
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​
Interest rate swaps | ​ | $ | 1,319 | ​ | $ | — | ​ | $ | 1,319 | ​ | $ | — | ​ | $ | — |  | $ | 1,319
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Gross Amounts Not Offset in the | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Consolidated Statement of | ​ | ​ | ​
​ | ​ | Gross Amount of | ​ | Gross Amount Offset in | ​ | Net Amount of Liabilities | ​ | Condition | ​ | ​ | ​
​ | ​ | Recognized | ​ | the Statement of | ​ | Presented in the Statement of | ​ | Financial | ​ | Cash Collateral | ​ | ​
(In thousands) |  | Liabilities |  | Condition |  | Condition |  | Instruments |  | Pledged |  | Net Amount
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​
Interest rate swaps | ​ | $ | 60,987 | ​ | $ | — | ​ | $ | 60,987 | ​ | $ | 99 | ​ | $ | 63,517 |  | $ | (2,629)

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