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Derivatives and Hedging Activities (Tables) | 9 Months Ended
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Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of cumulative basis adjustment for fair value hedges | As of September 30, 2025 and December 31, 2024, the following amounts were recorded on the balance sheet related to cumulative basis adjustment for fair value hedges.
Line Item in the Statement of Financial Position in Which the Hedged Item is Included | Carrying Amount of the Hedged Assets/(Liabilities) | Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets/(Liabilities) | Carrying Amount of the Hedged Assets/(Liabilities) | Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets/(Liabilities)
| 9/30/2025 | 9/30/2025 | 12/31/2024 | 12/31/2024
Fixed Rate Loans 1 | $99,845 | $(155) | $149,175 | $(825)
Total | $99,845 | $(155) | $149,175 | $(825)
1 These amounts include the amortized cost basis of closed portfolios of fixed rate loans used to designate hedging relationships in which the hedged item is the stated amount of assets in the closed portfolio anticipated to be outstanding for the designated hedged period. At September 30, 2025 and December 31, 2024, the amortized cost basis of the closed portfolios used in these hedging relationships was $672.4 million and $711.0 million respectively; the cumulative basis adjustments associated with these hedging relationships was $155,000 and $825,000, respectively; and the amounts of the designated hedged items were $100.0 million and $150.0 million. $50.0 million of designated hedged items matured in the nine-month period ending September 30, 2025.
Schedule of fair values of derivative instruments on the consolidated statements of condition | The tables below present the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated statements of condition as of September 30, 2025 and December 31, 2024. Amounts below are presented on a net basis in accordance with applicable accounting guidance.
(In thousands) | Notional Amount |  | Fair Value | Notional Amount |  | Fair Value
| September 30, 2025 | December 31, 2024
Derivative Assets |  |  |  |  |  |
Derivatives designated as hedging instruments |  |  |  |  |  |
Interest Rate Products | $ | 100,000 |  |  | $ | 167 |  | $ | 150,000 |  |  | $ | 864 |
Total derivatives designated as hedging instruments |  |  | $ | 167 |  |  |  | $ | 864 |
Derivatives not designated as hedging instruments |  |  |  |  |  |
Interest Rate Products | $ | 231,366 |  |  | $ | 5,355 |  | $ | 175,865 |  |  | $ | 1,831 |
Total derivatives not designated as hedging instruments |  |  | $ | 5,355 |  |  |  | $ | 1,831 |
Derivative Liabilities |  |  |  |  |  |
Derivatives not designated as hedging instruments |  |  |
Interest Rate Products | $ | 231,366 |  |  | $ | 5,712 |  | $ | 178,646 |  |  | $ | 1,990 |
Risk Participation Agreement | 63,029 |  |  | 105 |  | 44,387 |  |  | 83 |
Total derivatives not designated as hedging instruments | $ | 5,817 |  |  |  | $ | 2,073 |
Schedule of effect of fair value and cash flow hedge accounting on the consolidated statements of income | The tables below present the effect of the Company’s derivative financial instruments on the consolidated statements of income for the three and nine months ended September 30, 2025 and 2024:
The Effect of Fair Value and Cash Flow Hedge Accounting on the Consolidated Statements of Income
| Location of Gain or (Loss) Recognized in Income on Derivative | Location of Gain or (Loss) Recognized in Income on Derivative
(In thousands) | Interest Income | Interest Income
| Three Months Ended | Nine Months Ended
| 9/30/2025 | 9/30/2024 | 9/30/2025 | 9/30/2024
Total amounts of income and expense line items presented in the statement of financial performance in which the effects of fair value or cash flow hedges are recorded | $ | 216 |  | $ | 675 |  | $ | 757 |  | $ | 2,010 |
The effects of fair value and cash flow hedging: |  |  |  |
Gain or (loss) on fair value hedging relationships in Subtopic 815-20 |  |  |  |
Interest contracts |  |  |  |
Hedged items | 173 |  | 2,114 |  | 671 |  | 1,101 |
Derivatives designated as hedging instruments | 43 |  | (1,439) |  | 86 |  | 909 |
Schedule of effect of derivatives not designated as hedging instruments on the consolidated statements of income | The tables below present the effect of the Company’s derivative financial instruments that are not designated as hedging instruments on the consolidated statements of income for the three and nine months ended September 30, 2025 and 2024:
Effect of Derivatives Not Designated as Hedging Instruments on the Consolidated Statements of Income
Derivatives Not Designated as Hedging Instruments under Subtopic 815-20 | Location of Gain or (Loss) Recognized in Income on Derivative | Amount of Gain or (Loss) Recognized in Income on Derivative | Amount of Gain or (Loss) Recognized in Income on Derivative
(In thousands) |  | 9/30/2025 | 9/30/2024
Three Months Ended |  |  |
Interest Rate Products | Other Income | $ | (4) |  | $ | (259) |
Risk Participation Agreement | Other Income | 23 |  | (18) |
Total |  | $ | 19 |  | $ | (277) |
Fee Income | Other income | $ | 424 |  | $ | 791 |
Nine Months Ended |  |  |
Interest Rate Products | Other Income | $ | (199) |  | $ | (223) |
Risk Participation Agreement | Other Income | 57 |  | 61 |
Total |  | $ | (142) |  | $ | (162) |
Fee Income | Other income | $ | 682 |  | $ | 1,175 |

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