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Derivative Instruments (Tables) | 3 Months Ended
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Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The following table summarizes the fair value hedges recorded in the accompanying consolidated balance sheets.
|  |  |  | March 31, 2023 |  | December 31, 2022
(In thousands) | Balance Sheet Location | Weighted Average Pay Rate | Receive Rate | Notional |  | Fair Value |  | Notional |  | Fair Value
Derivative assets | Other assets | 1.21% | Federal Funds | $ | 1,001,715 |  |  | $ | 91,823 |  |  | $ | 1,001,715 |  |  | $ | 104,833 |
The following amounts were recorded on the balance sheet related to carrying amounts and cumulative basis adjustments for fair value hedges.
| Carrying Amount of Hedged Assets |  | Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of Hedged Assets
Line Item on the Balance Sheet (In thousands) | March 31, 2023 |  | December 31, 2022 |  | March 31, 2023 |  | December 31, 2022
Investment securities - Available-for-sale | $ | 956,241 |  |  | $ | 944,115 |  |  | $ | 93,105 |  |  | $ | 106,321 |
The following table summarizes the fair values of loan derivative contracts recorded in the accompanying consolidated balance sheets.
| March 31, 2023 |  | December 31, 2022
(In thousands) | Notional |  | Fair Value |  | Notional |  | Fair Value
Derivative assets | $ | 466,496 |  |  | $ | 28,739 |  |  | $ | 413,968 |  |  | $ | 34,490 |
Derivative liabilities | 467,476 |  |  | 28,717 |  |  | 414,955 |  |  | 34,440 |

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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
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