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DERIVATIVES AND HEDGING (Tables)

9 Months Ended

Sep. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Derivative Financial Instruments

The following table presents the fair value of the Company's derivative financial instruments as well as their classification on the consolidated statements of condition as of the dates indicated:

						Derivative Assets																		Derivative Liabilities
(In thousands)						Notional Amount						Location						Fair Value						Notional Amount						Location						Fair Value
September 30, 2025
Derivatives designated as hedging instruments:
Interest rate contracts(1)						$	60,000					Other Assets						$	8,537					$	828,000					Accrued interest and other liabilities						$	2,665
Total derivatives designated as hedging instruments						$	60,000											$	8,537					$	828,000											$	2,665
Derivatives not designated as hedging instruments:
Customer loan swaps(1)						$	383,505					Other assets						$	9,458					$	383,505					Accrued interest and other liabilities						$	9,494
Risk participation agreements						34,999						Other assets						—						65,272						Accrued interest and other liabilities						—
Fixed rate mortgage interest rate lock commitments						21,750						Other assets						282						7,567						Accrued interest and other liabilities						41
Forward delivery commitments						5,033						Other assets						46						4,615						Accrued interest and other liabilities						61
Total derivatives not designated as hedging instruments						$	445,287											$	9,786					$	460,959											$	9,596
December 31, 2024
Derivatives designated as hedging instruments:
Interest rate contracts(1)						$	643,000					Other assets						$	14,040					$	225,000					Accrued interest and other liabilities						$	232
Total derivatives designated as hedging instruments						$	643,000											$	14,040					$	225,000											$	232
Derivatives not designated as hedging instruments:
Customer loan swaps(1)						$	313,413					Other assets						$	11,717					$	313,413					Accrued interest and other liabilities						$	11,787
Risk participation agreements						27,568						Other assets						—						60,228						Accrued interest and other liabilities						—
Fixed rate mortgage interest rate lock commitments						4,737						Other assets						65						5,331						Accrued interest and other liabilities						55
Forward delivery commitments						9,813						Other assets						203						1,110						Accrued interest and other liabilities						4
Total derivatives not designated as hedging instruments						$	355,531											$	11,985					$	380,082											$	11,846

(1)    Reported fair values include accrued interest receivable and payable.

The following table shows the carrying amount and associated cumulative basis adjustments related to the application of hedge accounting that is included in the carrying amount of hedged assets and liabilities in fair value hedging relationships:

Location in Consolidated Statements of Condition						Carrying Amount of Hedged Assets/(Liabilities)												Cumulative Fair Value Hedging Adjustment in the Carrying Amount of the Hedged Assets/(Liabilities)
(In thousands)						September 30, 2025						December 31, 2024						September 30, 2025						December 31, 2024
Loans(1)						$	476,137					$	372,724					$	1,137					$	(2,276)
Total						$	476,137					$	372,724					$	1,137					$	(2,276)

(1)These amounts include the amortized cost basis of residential real estate loans that were 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. As of September 30, 2025 and December 31, 2024, the amortized cost basis of the residential real estate loans used in these hedging relationships was $719.1 million and $752.4 million, respectively, and the amount of the designated hedged residential loans was $475.0 million and $375.0 million, respectively.

Schedule of Cash Flow Hedging Instruments, Location

The table below presents the effect of cash flow hedge accounting, before tax, on AOCI for the periods indicated:

(In thousands)						Amount of Gain (Loss) Recognized in OCI on Derivative						Amount of Gain (Loss) Recognized in OCI Included Component						Amount of Gain (Loss) Recognized in OCI Excluded Component						Location of Gain (Loss) Recognized from AOCI into Income						Amount of Gain (Loss) Reclassified from AOCI into Income						Amount of Gain (Loss) Reclassified from AOCI into Income Included Component						Amount of Gain (Loss) Reclassified from AOCI into Income Excluded Component
For the Three Months Ended September 30, 2025
Interest rate contracts						$	204					$	204					$	—					Interest on borrowings						$	730					$	730					$	—
Interest rate contracts						20						20						—						Interest on junior subordinated debentures						168						168						—
Total						$	224					$	224					$	—											$	898					$	898					$	—
For the Nine Months Ended September 30, 2025
Interest rate contracts						$	(444)					$	(444)					$	—					Interest on borrowings						$	2,023					$	2,023					$	—
Interest rate contracts						(639)						(639)						—						Interest on junior subordinated debentures						413						413						—
Total						$	(1,083)					$	(1,083)					$	—											$	2,436					$	2,436					$	—
For the Three Months Ended September 30, 2024
Interest rate contracts						$	(3,360)					$	(3,360)					$	—					Interest on borrowings						$	952					$	952					$	—
Interest rate contracts						(1,588)						(1,588)						—						Interest on junior subordinated debentures						233						233						—
Total						$	(4,948)					$	(4,948)					$	—											$	1,185					$	1,185					$	—
For the Nine Months Ended September 30, 2024
Interest rate contracts						$	(98)					$	(98)					$	—					Interest and fees on loans						$	(1,676)					$	(1,676)					$	—
Interest rate contracts						(675)						(675)						—						Interest on borrowings						2,348						2,348						—
Interest rate contracts						158						158						—						Interest on junior subordinated debentures						687						687						—
Total						$	(615)					$	(615)					$	—											$	1,359					$	1,359					$	—

The tables below present the effect of fair value and cash flow hedge accounting on the consolidated statements of income for the periods indicated:

						Location and Amount of Gain (Loss) Recognized in Income
						Three Months Ended September 30,
						2025																		2024
(In thousands)						Interest and fees on loans									Interest on borrowings						Interest on junior subordinated debentures						Interest and fees on loans												Interest on borrowings						Interest on junior subordinated debentures
Total presented on the consolidated statements of income in which the effects of cash flow and fair value hedges are recorded						$	69,070								$	4,039					$	864					$	55,484											$	4,549					$	534
Gain (loss) on fair value hedging relationships
Interest rate contracts:
Hedged items						$	448								$	—					$	—					$	7,164											$	—					$	—
Derivatives designated as hedging instruments						318									—						—						(5,616)												—						—
Gain (loss) on cash flow hedging relationships
Interest rate contracts:
Amount of gain (loss) reclassified from AOCI into income						$	—								$	730					$	168					$	—											$	952					$	223
Amount of gain (loss) reclassified from AOCI into income - included component						—									730						168						—												952						223
Amount of gain (loss) reclassified from AOCI into income - excluded component						—									—						—						—												—						—

						Location and Amount of Gain (Loss) Recognized in Income
						Nine Months Ended September 30,
						2025																		2024
(In thousands)						Interest and fees on loans												Interest on borrowings						Interest on junior subordinated debentures						Interest and fees on loans												Interest on borrowings						Interest on junior subordinated debentures
Total presented on the consolidated statements of income in which the effects of cash flow and fair value hedges are recorded						$	203,096											$	12,677					$	2,662					$	160,615											$	15,032					$	1,592
Gain (loss) on fair value hedging relationships
Interest rate contracts:
Hedged items						$	3,413											$	—					$	—					$	2,631											$	—					$	—
Derivatives designated as hedging instruments						(1,258)												—						—						2,024												—						—
Gain (loss) on cash flow hedging relationships
Interest rate contracts:
Amount of gain (loss) reclassified from AOCI into income						$	—											$	2,023					$	413					$	(1,676)											$	2,348					$	687
Amount of gain (loss) reclassified from AOCI into income - included component						—												2,023						413						(1,676)												2,348						687
Amount of gain (loss) reclassified from AOCI into income - excluded component						—												—						—						—												—						—

Schedule of Derivatives Not Designated as Hedging Instruments

The table below presents the effect of the Company's derivative financial instruments that are not designated as hedging instruments on the consolidated statements of income for the periods indicated:

						Location of Gain (Loss) Recognized in Income						Amount of Gain (Loss) Recognized in Income
												Three Months Ended September 30,												Nine Months Ended September 30,
(In thousands)												2025						2024						2025						2024
Customer loan swaps						Other expense						$	(4)					$	(15)					$	(34)					$	11
Fixed rate mortgage interest rate lock commitments						Mortgage banking income, net						21						69						231						12
Forward delivery commitments						Mortgage banking income, net						(67)						53						(214)						114
Total												$	(50)					$	107					$	(17)					$	137

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