Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Business Combinations [Abstract]

Schedule of recognized identified assets acquired and liabilities assumed

The following table sets forth assets acquired and liabilities assumed in the Stewardship acquisition, at their estimated fair values as of the closing date of the transaction:

		November 1, 2019
Assets acquired:	(In thousands)
Cash and cash equivalents		$	105,006
Debt securities available for sale		51,710
Equity securities		1,073
Federal Home Loan Bank stock		3,716
Loans receivable		757,223
Accrued interest receivable		2,239
Office properties and equipment, net		6,815
Bank-owned life insurance		22,096
Deferred tax assets, net		3,534
Core deposit and other intangibles		7,467
Other assets		767
Total assets acquired		$	961,646
Liabilities assumed:
Deposits		$	782,698
Borrowings		82,761
Advance payments by borrowers for taxes and insurance		356
Accrued expenses and other liabilities		14,584
Total liabilities assumed		$	880,399
Net assets acquired		$	81,247
Cash paid for purchase		136,294
Goodwill recorded at merger		$	55,047

The following table sets forth assets acquired and liabilities assumed in the Roselle acquisition, at their estimated fair values as of the closing date of the transaction:

		April 1, 2020
Assets acquired:	(In thousands)
Cash and cash equivalents		$	155,248
Debt securities available for sale		51,479
Debt securities held to maturity		13,418
Equity securities		1,796
Federal Home Loan Bank stock		2,010
Loans receivable		171,593
Accrued interest receivable		679
Office properties and equipment, net		5,774
Bank-owned life insurance		17,245
Deferred tax assets, net		1,334
Other assets		1,489
Total assets acquired		$	422,065
Liabilities assumed:
Deposits		$	333,234
Borrowings		37,728
Advance payments by borrowers for taxes and insurance		982
Accrued expenses and other liabilities		5,400
Total liabilities assumed		$	377,344
Net assets acquired		$	44,721
Fair market value of stock issued to Columbia Bank MHC for purchase		68,530
Goodwill recorded at merger		$	23,809

The following table sets forth assets acquired and liabilities assumed in the Freehold acquisition, at their estimated fair values as of the closing date of the transaction:

		December 1, 2021
Assets acquired:	(In thousands)
Cash and cash equivalents		$	20,417
Debt securities available for sale		118,017
Federal Home Loan Bank stock		3,032
Loans receivable		158,912
Accrued interest receivable		867
Office properties and equipment, net		5,934
Bank-owned life insurance		8,661
Deferred tax assets, net		454
Core deposit and other intangibles		42
Other assets		162
Total assets acquired		$	316,498
Liabilities assumed:
Deposits		210,117
Borrowings		59,908
Advance payments by borrowers for taxes and insurance		495
Accrued expenses and other liabilities		4,822
Total liabilities assumed		$	275,342
Net assets acquired		$	41,156
Fair market value of stock issued to Columbia Bank MHC for purchase		47,260
Goodwill recorded at merger		$	6,104