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Derivative Instruments (Tables) | 9 Months Ended
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Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Hedged in Statement of Financial Position, Fair Value | The following table summarizes the fair value hedges recorded in the accompanying consolidated balance sheets.
|  |  |  | September 30, 2025 |  | December 31, 2024
(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 |  |  | $ | 63,946 |  |  | $ | 1,001,715 |  |  | $ | 103,366 |
Derivative liabilities | Accrued interest and other liabilities | Daily WA SOFR | 3.07% - 3.56% | 325,000 |  |  | (2,274) |  |  | — |  |  | — |
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/Liabilities |  | Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of Hedged Assets/Liabilities
Line Item on the Balance Sheet (In thousands) | September 30, 2025 |  | December 31, 2024 |  | September 30, 2025 |  | December 31, 2024
Investment securities - Available-for-sale | $ | 968,514 |  |  | $ | 934,132 |  |  | $ | 64,170 |  |  | $ | 103,595 |
Subordinated debentures | 318,976 |  |  | — |  |  | (2,274) |  |  | — |
The following table summarizes the cash flow hedges recorded in the accompanying consolidated balance sheets.
|  |  |  | September 30, 2025 |  | December 31, 2024
(In thousands) | Balance Sheet Location | Weighted Average Pay Rate | Receive Rate | Notional |  | Fair Value |  | Notional |  | Fair Value
Variable rate loans | Other assets | 1M CME Term SOFR | 3.18% - 4.05% | $ | 1,000,000 |  |  | $ | 1,216 |  |  | $ | — |  |  | $ | — |
Variable rate commercial MBS | Other assets | SOFR 30A | 3.07% - 3.82% | 300,000 |  |  | 162 |  |  | — |  |  | — |
The following table summarizes the cash flow hedges relationships on the statement of comprehensive income (loss).
| Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss)
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Variable rate loans | $ | 1,216 |  |  | $ | — |  |  | $ | 1,216 |  |  | $ | — |
Variable rate commercial MBS | 162 |  |  | — |  |  | 162 |  |  | — |
The following table summarizes the fair values of loan derivative contracts recorded in the accompanying consolidated balance sheets.
| September 30, 2025 |  | December 31, 2024
(In thousands) | Notional |  | Fair Value |  | Notional |  | Fair Value
Derivative assets | $ | 999,054 |  |  | $ | 32,119 |  |  | $ | 748,752 |  |  | $ | 24,108 |
Derivative liabilities | 999,961 |  |  | 33,089 |  |  | 749,683 |  |  | 24,032 |

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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://www.xbrl.org/2003/role/exampleRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 182 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480401/815-10-55-182 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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