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Derivatives (Tables) | 9 Months Ended
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Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments | The following table presents the fair value of derivatives not designated as hedging instruments at September 30, 2023 and December 31, 2022:
(In Thousands) | Asset Derivatives
|  | September 30, 2023 | December 31, 2022
| Balance Sheet Location | Fair Value | Fair Value
Interest rate swaps | Other assets | $15,797 |  | $12,725 |
Interest rate lock commitments | Other assets | 518 |  | 440 |
Retail interest rate contracts | Other assets | 145 |  | — |
Total |  | $16,460 |  | $13,165 |
(In Thousands) | Liability Derivatives
|  | September 30, 2023 | December 31, 2022
| Balance Sheet Location | Fair Value | Fair Value
Interest rate swaps | Other liabilities | $15,797 |  | $12,725 |
Retail interest rate contracts | Other liabilities | — |  | 3 |
Total |  | $15,797 |  | $12,728 |
Derivative Instruments, Gain (Loss) | The following table presents the net gains (losses) of derivatives not designated as hedging instruments for periods indicated below:
|  | Three Months Ended September 30, | Nine Months Ended September 30,
(In Thousands) | Income Statement Location | 2023 | 2022 | 2023 | 2022
Retail interest rate contracts | Mortgage banking income | $84 |  | $1,347 |  | $375 |  | $4,297 |
Interest rate lock commitments | Mortgage banking income | (312) |  | (1,365) |  | 46 |  | (1,016) |
Total |  | ($228) |  | ($18) |  | $421 |  | $3,281 |
Offsetting Assets | The following table summarizes the derivatives that have a right of offset as of September 30, 2023 and December 31, 2022:
September 30, 2023 |  |  |  | Gross amounts not offset in the Statement of Financial Position
(In Thousands) | Gross amounts of recognized assets and liabilities | Gross amounts offset in the Statement of Financial Position | Net amounts of assets and liabilities presented in the Statement of Financial Position | Financial Instruments | Collateral Posted | Net Amount
Asset Derivatives |  |  |  |  |  |
Interest rate swaps | $15,797 | $— |  | $15,797 | $— |  | $— |  | $15,797 |
Retail interest rate contracts | 145 |  | — |  | 145 |  | — |  | — |  | 145 |
Liability Derivatives |  |  |  |  |  |
Interest rate swaps | $15,797 | $— |  | $15,797 | $— |  | $15,797 | $— |
December 31, 2022 |  |  |  | Gross amounts not offset in the Statement of Financial Position
(In Thousands) | Gross amounts of recognized assets and liabilities | Gross amounts offset in the Statement of Financial Position | Net amounts of assets and liabilities presented in the Statement of Financial Position | Financial Instruments | Collateral Posted | Net Amount
Asset Derivatives |  |  |  |  |  |
Interest rate swaps | $12,725 | $— |  | $12,725 | $— |  | $— |  | $12,725 |
Liability Derivatives |  |  |  |  |  |
Interest rate swaps | $12,725 | $— |  | $12,725 | $— |  | $12,725 | $— |
Retail interest rate contracts | 3 |  | — |  | 3 |  | — |  | — |  | 3 |
Offsetting Liabilities | The following table summarizes the derivatives that have a right of offset as of September 30, 2023 and December 31, 2022:
September 30, 2023 |  |  |  | Gross amounts not offset in the Statement of Financial Position
(In Thousands) | Gross amounts of recognized assets and liabilities | Gross amounts offset in the Statement of Financial Position | Net amounts of assets and liabilities presented in the Statement of Financial Position | Financial Instruments | Collateral Posted | Net Amount
Asset Derivatives |  |  |  |  |  |
Interest rate swaps | $15,797 | $— |  | $15,797 | $— |  | $— |  | $15,797 |
Retail interest rate contracts | 145 |  | — |  | 145 |  | — |  | — |  | 145 |
Liability Derivatives |  |  |  |  |  |
Interest rate swaps | $15,797 | $— |  | $15,797 | $— |  | $15,797 | $— |
December 31, 2022 |  |  |  | Gross amounts not offset in the Statement of Financial Position
(In Thousands) | Gross amounts of recognized assets and liabilities | Gross amounts offset in the Statement of Financial Position | Net amounts of assets and liabilities presented in the Statement of Financial Position | Financial Instruments | Collateral Posted | Net Amount
Asset Derivatives |  |  |  |  |  |
Interest rate swaps | $12,725 | $— |  | $12,725 | $— |  | $— |  | $12,725 |
Liability Derivatives |  |  |  |  |  |
Interest rate swaps | $12,725 | $— |  | $12,725 | $— |  | $12,725 | $— |
Retail interest rate contracts | 3 |  | — |  | 3 |  | — |  | — |  | 3 |

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