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Commitments and Contingencies (Tables) | 9 Months Ended
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Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Financial Instruments with Off-Balance Sheet Risk | Financial instruments with off-balance-sheet risk at the dates indicated follow:
| At September 30, 2025 |  | At December 31, 2024
| (In Thousands)
Financial instruments whose contract amounts represent credit risk: |  |  |
Commitments to originate loans and leases: |  |  |
Commercial real estate | $ | 92,170 |  |  | $ | 11,126 |
Commercial | 148,835 |  |  | 144,721 |
Residential mortgage | 51,413 |  |  | 14,607 |
Home equity | 6,793 |  |  | — |
Unadvanced portion of loans and leases | 2,512,536 |  |  | 1,076,783 |
Unused lines of credit: |  |  |
Home equity | 1,151,832 |  |  | 780,214 |
Other consumer | 135,404 |  |  | 113,838 |
Other commercial | — |  |  | 398 |
Unused letters of credit: |  |  |
Financial standby letters of credit | 11,038 |  |  | 12,702 |
Performance standby letters of credit | 25,388 |  |  | 24,325 |
Commercial and similar letters of credit | 46,232 |  |  | 2,330 |
Interest rate derivatives | 216,667 |  |  | 225,000 |
Loan level derivatives (Notional principal amounts): |  |  |
Receive fixed, pay variable | 3,539,080 |  |  | 1,672,948 |
Pay fixed, receive variable | 3,543,667 |  |  | 1,672,948 |
Risk participation-out agreements | 648,328 |  |  | 539,731 |
Risk participation-in agreements | 169,155 |  |  | 102,198 |
Foreign exchange contracts (Notional amounts): |  |  |
Buys foreign currency, sells U.S. currency | 3,385 |  |  | 5,849 |
Sells foreign currency, buys U.S. currency | 3,701 |  |  | 5,408 |
Schedule of Lease Cost, Supplemental Cash Flow and Supplemental Balance Sheet Information | The Company considered the following criteria when determining whether a contract contains a lease, the existence of an identifiable asset and the right to obtain substantially all of the economic benefits from use of the asset through the period. The Company uses the FHLB classic advance rates available as of the lease's start dates as the discount rate to determine the net present value of the remaining lease payments. Total lease commitments increased from $44.8 million as of December 31, 2024 to $92.2 million as of September 30, 2025. The increase is due to the addition of leases from legacy Berkshire branch locations.
| Nine Months Ended September 30, 2025 |  | Nine Months Ended September 30, 2024
| (In Thousands)
The components of lease expense was as follows: |  |  |
Operating lease cost | $ | 6,712 |  |  | $ | 6,779 |
Supplemental cash flow information related to leases was as follows: |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows for operating leases | $ | 7,685 |  |  | $ | 6,862 |
Right-of-use assets obtained in exchange for new lease obligations: |  |  |
Operating leases assets | $ | 45,516 |  |  | $ | 16,089 |
Operating leases liabilities | 51,838 |  |  | 16,089 |
| At September 30, 2025 |  | At December 31, 2024
| (In Thousands)
Supplemental balance sheet information related to leases was as follows: |  |  |
Operating Leases |  |  |
Operating lease right-of-use assets | $ | 84,238 |  |  | $ | 43,527 |
Operating lease liabilities | 92,211 |  |  | 44,785 |
Weighted Average Remaining Lease Term |  |  |
Operating leases | 8.14 |  | 8.90
Weighted Average Discount Rate |  |  |
Operating leases | 4.2% |  | 4.1%
Schedule of Maturities of Operating Leases | A summary of future minimum rental payments under such leases at the dates indicated follows:
| Minimum Rental Payments |  |
| September 30, 2025 |  |
| (In Thousands) |  |
Remainder of 2025 | $ | 4,575 |  |  |
Year ending: |  |  |
2026 | 18,532 |  |  |
2027 | 16,891 |  |  |
2028 | 14,296 |  |  |
2029 | 11,399 |  |  |
Thereafter | 42,253 |  |  |
Total | $ | 107,946 |  |  |
Less imputed interest | (15,735) |  |  |
Present value of lease liability | $ | 92,211 |  |  |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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