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Derivatives (Tables) | 6 Months Ended
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Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments |
(In thousands) |  | Notional Amount |  | Fair Value |  | Balance Sheet Category
June 30, 2025 |  |
Interest rate contracts 1 |  | $ | 1,025,092 |  |  | $ | 26,743 |  |  | Other Assets and Other Liabilities
Residential mortgage fair value hedges |  | 200,000 |  |  | 61 |  |  | Other Assets
Residential mortgage fair value hedges |  | 200,000 |  |  | 74 |  |  | Other Liabilities
December 31, 2024 |  |
Interest rate contracts 1 |  | $ | 910,640 |  |  | $ | 28,184 |  |  | Other Assets and Other Liabilities
Securities fair value hedges |  | 400,000 |  |  | 436 |  |  | Other Assets
Residential mortgage fair value hedges |  | 400,000 |  |  | 121 |  |  | Other Assets and Other Liabilities
1 Interest rate contracts include risk participation agreements with notional amounts of $48.5 million and $28.9 million at June 30, 2025, and December 31, 2024, respectively with nominal fair value in both periods.
The following table presents amounts recorded on the Consolidated Balance Sheet related to cumulative basis adjustments for fair value hedges.
|  | Carrying amount of the hedged items |  | Cumulative amount of fair value hedging adjustment included in the carrying amount of the hedged items
(In thousands) |  | June 30, 2025 |  | December 31, 2024 |  | June 30, 2025 |  | December 31, 2024
Securities AFS 1 |  | $ | — |  |  | $ | 460,126 |  |  | $ | — |  |  | $ | 35 |
Loans, net 2 |  | 568,620 |  |  | 596,632 |  |  | 111 |  |  | 283 |
1 At December 31, 2024, the amortized cost basis and unallocated basis adjustments used in hedging relationships was $553.8 million. Refer to “Note 3 - Securities” for a reconciliation of the amortized cost and fair value of AFS securities.
2 These amounts represent the amortized cost basis of closed portfolios used to designate hedging relationships in which the hedged item is the stated amount of assets in the closed portfolios anticipated to be outstanding for the designated hedge period. At June 30, 2025, the portfolio layer method was $400 million, of which $400 million was designated as hedged. At December 31, 2024, the portfolio layer method was $400 million, of which $400 million was designated as hedged.

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References No definition available. + Details
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