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DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 3 Months Ended
Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Swap Agreements and Non-Hedging Derivative Assets and Liabilities
Information about derivative assets and liabilities at March 31, 2023, follows:
  WeightedWeighted Average RateEstimated
 NotionalAverage ContractFair Value
 AmountMaturityReceivedpay rateAsset (Liability)
 (In thousands)(In years)  (In thousands)
Cash flow hedges:     
Interest rate swaps on commercial loans(1)
$600,000 2.64.64 %3.64 %$1,704 
Interest rate collars on commercial loans200,000 3.32,618 
Total cash flow hedges800,000    4,322 
Economic hedges:     
Interest rate swap on tax advantaged economic development bond$6,850 6.73.96 %5.09 %$(261)
Interest rate swaps on loans with commercial loan customers (1)
1,682,955 5.44.10 %5.93 %(68,090)
Offsetting interest rate swaps on loans with commercial loan customers (1)
1,682,955 5.45.93 %4.10 %33,841 
Risk participation agreements with dealer banks356,227 6.3  (106)
Forward sale commitments 1,505 0.2  15 
Total economic hedges3,730,492    (34,601)
Non-hedging derivatives:     
Commitments to lend 6,587 0.2  26 
Total non-hedging derivatives6,587    26 
Total$4,537,079    $(30,253)
(1) Fair value estimates include the impact of $31.2 million settled to market contract agreements.

Information about derivative assets and liabilities at December 31, 2022, follows:
  WeightedWeighted Average RateEstimated
 NotionalAverage ContractFair Value
 AmountMaturityReceivedpay rateAsset (Liability)
 (In thousands)(In years)  (In thousands)
Cash flow hedges:     
Interest rate swaps on commercial loans$400,000 2.74.09 %3.51 %$— 
Forward-starting interest rate swaps on commercial loans200,000 3.3— %3.90 %— 
Interest rate collars on commercial loans200,000 3.51,937 
800,000    1,937 
Economic hedges:     
Interest rate swap on tax advantaged economic development bond$7,062 6.94.49 %5.09 %$(193)
Interest rate swaps on loans with commercial loan customers1,685,263 5.74.11 %5.55 %(95,114)
Offsetting interest rate swaps on loans with commercial loan customers (1)
1,685,263 5.75.55 %4.11 %50,267 
Risk participation agreements with dealer banks341,885 6.8  (89)
Forward sale commitments 927 0.2  8 
Total economic hedges3,720,400    (45,121)
Non-hedging derivatives:     
Commitments to lend 4,114 0.2  17 
Total non-hedging derivatives 4,114    17 
Total$4,524,514    $(43,167)
(1) Fair value estimates include the impact of $38.3 million settled to market contract agreements.
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
Amounts included in the Consolidated Statements of Income and in the other comprehensive income section of the Consolidated Statements of Comprehensive Income (related to interest rate derivatives designated as hedges of cash flows), were as follows:
Three Months Ended March 31,
(In thousands)20232022
Interest rate swaps on commercial loans:
Unrealized (loss) recognized in accumulated other comprehensive loss$5,955 $— 
Less: Reclassification of unrealized (loss) from accumulated other comprehensive loss to interest expense(157)— 
Net tax benefit on items recognized in accumulated other comprehensive income(1,556)— 
Other comprehensive loss recorded in accumulated other comprehensive income, net of reclassification adjustments and tax effects$4,242 $— 
Net interest expense recognized on hedged commercial loans$1,293 $— 
Schedule of Amounts Included in the Consolidated Statements of Income Related to Economic Hedges and Non-Hedging Derivatives
Amounts included in the Consolidated Statements of Income related to economic hedges and non-hedging derivatives were as follows:
 Three Months Ended March 31,
(In thousands)20232022
Economic hedges  
Interest rate swap on industrial revenue bond:  
Unrealized (loss)/gain recognized in other non-interest income$(68)$432 
Interest rate swaps on loans with commercial loan customers:  
Unrealized gain/(loss) recognized in other non-interest income27,024 (78,698)
Favorable change in credit valuation adjustment recognized in other non-interest income— 867 
Offsetting interest rate swaps on loans with commercial loan customers:  
Unrealized (loss)/gain recognized in other non-interest income(27,024)78,698 
Risk participation agreements:  
Unrealized (loss) recognized in other non-interest income(16)(108)
Forward commitments:  
Unrealized gain/(loss) recognized in other non-interest income7 (127)
Non-hedging derivatives  
Commitments to lend  
Unrealized gain/(loss) recognized in other non-interest income$9 $(106)
Realized gain in other non-interest income39 252 
Schedule of Assets Subject to an Enforceable Master Netting Arrangement
Offsetting of Financial Assets and Derivative Assets
Gross
Amounts of		Gross Amounts
Offset in the		Net Amounts
of Assets
Presented in the		Gross Amounts Not Offset in
the Statements of Condition
 RecognizedStatements ofStatements ofFinancialCash 
(In thousands)AssetsConditionConditionInstrumentsCollateral ReceivedNet Amount
March 31, 2023      
Interest Rate Swap Agreements:      
Institutional counterparties$71,303 $(34,283)$37,020 $— $— $37,020 
Commercial counterparties7,283 — 7,283 — — 7,283 
Total$78,586 $(34,283)$44,303 $— $— $44,303 
Offsetting of Financial Assets and Derivative Assets
Gross
Amounts of		Gross Amounts
Offset in the		Net Amounts
of Assets
Presented in the		Gross Amounts Not Offset in
the Statements of Condition
 RecognizedStatements ofStatements ofFinancialCash 
(In thousands)AssetsConditionConditionInstrumentsCollateral ReceivedNet Amount
December 31, 2022      
Interest Rate Swap Agreements:      
Institutional counterparties$96,295 $(45,046)$51,249 $— $— $51,249 
Commercial counterparties975 — 975 — — 975 
Total$97,270 $(45,046)$52,224 $— $— $52,224 
Schedule of Liabilities Subject to an Enforceable Master Netting Arrangement
Offsetting of Financial Liabilities and Derivative Liabilities
Gross
Amounts of		Gross Amounts
Offset in the		Net Amounts
of Liabilities
Presented in the		Gross Amounts Not Offset in
the Statements of Condition
 RecognizedStatements ofStatements ofFinancialCash 
(In thousands)LiabilitiesConditionConditionInstrumentsCollateral PledgedNet Amount
March 31, 2023      
Interest Rate Swap Agreements:      
Institutional counterparties$(3,290)$6 $(3,284)$11,199 $— $7,915 
Commercial counterparties(74,104)3,052 (71,052)— — (71,052)
Total$(77,394)$3,058 $(74,336)$11,199 $— $(63,137)
Offsetting of Financial Liabilities and Derivative Liabilities
Gross
Amounts of		Gross Amounts
Offset in the		Net Amounts
of Liabilities
Presented in the		Gross Amounts Not Offset in
the Statements of Condition
 RecognizedStatements ofStatements ofFinancialCash 
(In thousands)LiabilitiesConditionConditionInstrumentsCollateral PledgedNet Amount
December 31, 2022      
Interest Rate Swap Agreements:      
Institutional counterparties$(1,271)$36 $(1,235)$11,973 $— $10,738 
Commercial counterparties(102,595)6,507 (96,088)— — (96,088)
Total$(103,866)$6,543 $(97,323)$11,973 $— $(85,350)