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Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table presents the fair value of the Corporation’s derivative financial instruments as well as their classification on the Consolidated Statements of Condition as of September 30, 2025 and December 31, 2024:

			September 30, 2025												Consolidated Statements of Condition Location						December 31, 2024
(In thousands)			Notional Amount						Asset (Liability) Fair Value												Notional Amount						Asset (Liability) Fair Value
Derivatives not designated as hedging instruments:
Interest rate lock commitments:
Assets			$	63,386					$	1,616					Other Assets						$	—					$	—
Liabilities			—						—						Other Liabilities						—						—
Forward commitments:
Assets			11,481						19						Other Assets						—						—
Liabilities			11,710						(55)						Other Liabilities						—						—
Interest rate derivatives with customers:
Assets			5,472						23						Other Assets						—						—
Liabilities			44,912						(3,548)						Other Liabilities						—						—
Interest rate derivatives with dealer counterparties:
Assets			44,912						3,548						Other Assets						—						—
Liabilities			5,472						(23)						Other Liabilities						—						—
Derivatives designated as hedging instruments:
Interest rate derivatives used in cash flow hedges:
Assets			—						—						Other Assets						—						—
Liabilities			25,000						(125)						Other Liabilities						—						—

Derivative Instruments, Gain (Loss)

The following presents a summary of the fair value gains and losses on derivative financial instruments for the three and nine months ended September 30, 2025 and 2024:

			Three Months Ended September 30,												Nine Months Ended September 30,												Consolidated Statements of Income Classification
(In thousands)			2025						2024						2025						2024
Interest Rate Lock Commitments			$	(139)					$	—					$	404					$	—					Gain from mortgage loans held for sale
Forward Commitments			126						—						37						—						Gain from mortgage loans held for sale

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The following table presents the effect of fair value and cash flow hedge accounting on AOCI for the periods presented:

(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 OCI into Income						Amount of Gain (Loss) Reclassified from AOCI into Income Included Component						Amount of Gain (Loss) Reclassified from AOCI into Income Excluded Component
Three Months Ended September 30, 2025
Interest rate derivatives			$	(125)					$	(125)					$	—					Interest Expense						$	(38)					$	(38)					$	—
Three Months Ended September 30, 2024
Interest rate derivatives			—						—						—						Interest Expense						—						—						—
Nine Months Ended September 30, 2025
Interest rate derivatives			(125)						(125)						—						Interest Expense						(38)						(38)						—
Nine Months Ended September 30, 2024
Interest rate derivatives			—						—						—						Interest Expense						—						—						—

The following table presents the effect of fair value and cash flow hedge accounting on the Consolidated Statements of Income for the periods presented:

			Three Months Ended September 30,												Nine Months Ended September 30,
(In thousands)			2025						2024						2025						2024
Total amounts of expense line items presented in the consolidated statements of income in which the effects of fair value or cash flow hedges are recorded			$	(38)					$	—					$	(38)					$	—
The effects of fair value or cash flow hedging:
Amount of loss reclassified from AOCI into income			(38)						—						(38)						—
Amount of loss reclassified from AOCI into income - included component			(38)						—						(38)						—
Amount of loss reclassified from AOCI into income - excluded component			—						—						—						—

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Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period.

+ References

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-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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