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INVESTMENT SECURITIES (Tables)
 3 Months Ended
Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Fair Value of Available for Sale Securities
The amortized cost and fair value of investment securities available for sale and held-to-maturity as of March 31, 2024 are as follows:
March 31, 2024
(In thousands)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
Available for sale:
Traditional securities:
Government sponsored entities ("GSE") residential CMOs ("collateralized mortgage obligations")$503,557 $263 $(38,032)$465,788 
Non-GSE certificates & CMOs206,361 — (19,908)186,453 
ABS685,746 315 (17,771)668,290 
Corporate140,026 — (18,653)121,373 
Other4,197 — (308)3,889 
1,539,887 578 (94,672)1,445,793 
PACE assessments:
Residential PACE assessments81,282 976 — 82,258 
Total available for sale$1,621,169 $1,554 $(94,672)$1,528,051 
Amortized CostGross Unrecognized GainsGross Unrecognized LossesFair Value
Held-to-maturity:
Traditional securities:
GSE certificates & CMOs$193,070 $952 $(20,712)$173,310 
Non-GSE certificates & CMOs78,510 — (6,706)71,804 
ABS278,249 96 (6,519)271,826 
Municipal66,396 126 (11,463)55,059 
616,225 1,174 (45,400)571,999 
PACE assessments:
Commercial PACE assessments256,661 — (29,767)226,894 
Residential PACE assessments801,786 — (79,058)722,728 
1,058,447 — (108,825)949,622 
Allowance for credit losses(710)
Total held-to-maturity$1,673,962 $1,174 $(154,225)$1,521,621 
The amortized cost and fair value of investment securities available for sale and held-to-maturity as of December 31, 2023 are as follows:    
December 31, 2023
(In thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Available for sale:
Traditional securities:
Government sponsored entities (GSE) residential CMOs ("collateralized mortgage obligations")
$521,101 $59 $(40,545)$480,615 
Non-GSE certificates & CMOs218,550 — (21,690)196,860 
ABS648,585 40 (20,990)627,635 
Corporate140,038 — (19,297)120,741 
Other4,197 — (309)3,888 
1,532,471 99 (102,832)1,429,739 
PACE assessments:
Residential PACE assessments52,863 440 — 53,303 
Total available for sale$1,585,334 $539 $(102,831)$1,483,042 
Amortized CostGross Unrecognized GainsGross Unrecognized LossesFair Value
Held-to-maturity:
Traditional securities:
GSE certificates & CMOs$194,329 $1,099 $(19,693)$175,735 
Non-GSE certificates & CMOs79,406 9 (6,686)72,729 
ABS279,916 23 (8,678)271,261 
Municipal66,635 165 (11,107)55,693 
620,286 1,296 (46,164)575,418 
PACE assessments:
Commercial PACE assessments258,306 — (29,211)229,095 
Residential PACE assessments818,963 — (73,967)744,996 
1,077,269 — (103,178)974,091 
Allowance for credit losses(721)
Total held-to-maturity$1,696,834 $1,296 $(149,342)$1,549,509 
Schedule of Amortized Cost and Fair Value of Held to Maturity Securities
The amortized cost and fair value of investment securities available for sale and held-to-maturity as of March 31, 2024 are as follows:
March 31, 2024
(In thousands)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
Available for sale:
Traditional securities:
Government sponsored entities ("GSE") residential CMOs ("collateralized mortgage obligations")$503,557 $263 $(38,032)$465,788 
Non-GSE certificates & CMOs206,361 — (19,908)186,453 
ABS685,746 315 (17,771)668,290 
Corporate140,026 — (18,653)121,373 
Other4,197 — (308)3,889 
1,539,887 578 (94,672)1,445,793 
PACE assessments:
Residential PACE assessments81,282 976 — 82,258 
Total available for sale$1,621,169 $1,554 $(94,672)$1,528,051 
Amortized CostGross Unrecognized GainsGross Unrecognized LossesFair Value
Held-to-maturity:
Traditional securities:
GSE certificates & CMOs$193,070 $952 $(20,712)$173,310 
Non-GSE certificates & CMOs78,510 — (6,706)71,804 
ABS278,249 96 (6,519)271,826 
Municipal66,396 126 (11,463)55,059 
616,225 1,174 (45,400)571,999 
PACE assessments:
Commercial PACE assessments256,661 — (29,767)226,894 
Residential PACE assessments801,786 — (79,058)722,728 
1,058,447 — (108,825)949,622 
Allowance for credit losses(710)
Total held-to-maturity$1,673,962 $1,174 $(154,225)$1,521,621 
The amortized cost and fair value of investment securities available for sale and held-to-maturity as of December 31, 2023 are as follows:    
December 31, 2023
(In thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Available for sale:
Traditional securities:
Government sponsored entities (GSE) residential CMOs ("collateralized mortgage obligations")
$521,101 $59 $(40,545)$480,615 
Non-GSE certificates & CMOs218,550 — (21,690)196,860 
ABS648,585 40 (20,990)627,635 
Corporate140,038 — (19,297)120,741 
Other4,197 — (309)3,888 
1,532,471 99 (102,832)1,429,739 
PACE assessments:
Residential PACE assessments52,863 440 — 53,303 
Total available for sale$1,585,334 $539 $(102,831)$1,483,042 
Amortized CostGross Unrecognized GainsGross Unrecognized LossesFair Value
Held-to-maturity:
Traditional securities:
GSE certificates & CMOs$194,329 $1,099 $(19,693)$175,735 
Non-GSE certificates & CMOs79,406 9 (6,686)72,729 
ABS279,916 23 (8,678)271,261 
Municipal66,635 165 (11,107)55,693 
620,286 1,296 (46,164)575,418 
PACE assessments:
Commercial PACE assessments258,306 — (29,211)229,095 
Residential PACE assessments818,963 — (73,967)744,996 
1,077,269 — (103,178)974,091 
Allowance for credit losses(721)
Total held-to-maturity$1,696,834 $1,296 $(149,342)$1,549,509 
Schedule of Investments by Contractual Maturity
The following table summarizes the amortized cost and fair value of debt securities available for sale and held-to-maturity, exclusive of mortgage-backed securities, by their contractual maturity as of March 31, 2024. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalty:
Available for SaleHeld-to-maturity
Amortized
Cost		Fair ValueAmortized
Cost		Fair Value
(In thousands)
Due within one year$3,000 $2,938 $— $— 
Due after one year through five years63,881 59,373 9,443 9,129 
Due after five years through ten years305,694 291,046 118,141 117,180 
Due after ten years538,676 522,453 1,275,508 1,150,198 
$911,251 $875,810 $1,403,092 $1,276,507 
Schedule of Proceeds Received and Gains (Losses) on Sale of Available for Sale Securities

Proceeds received and gains and losses realized on sales of available for sale securities are summarized below:
Three Months Ended,
March 31, 2024March 31, 2023
(In thousands)
Proceeds$78,827 $145,305 
Realized gains$— $— 
Realized losses(2,774)(3,086)
               Net realized losses$(2,774)$(3,086)
Schedule of Unrealized Losses
The following summarizes the fair value and unrealized losses for available for sale securities as of March 31, 2024 and December 31, 2023, respectively, segregated between securities that have been in an unrealized loss position for less than twelve months and those that have been in a continuous unrealized loss position for twelve months or longer at the respective dates:
March 31, 2024
Less Than Twelve Months
Twelve Months or Longer
Total
(In thousands)Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses
Available for sale:
Traditional securities:
GSE certificates & CMOs$13,115 $52 $394,753 $37,980 $407,868 $38,032 
Non-GSE certificates & CMOs— — 186,453 19,908 186,453 19,908 
ABS49,551 33 411,349 17,738 460,900 17,771 
Corporate— — 121,373 18,653 121,373 18,653 
Other198 1 3,691 307 3,889 308 
Total available for sale$62,864 $86 $1,117,619 $94,586 $1,180,483 $94,672 

December 31, 2023
Less Than Twelve MonthsTwelve Months or LongerTotal
(In thousands)Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses
Available for sale:
Traditional securities:
GSE certificates & CMOs$— $— $460,239 $40,545 $460,239 $40,545 
Non-GSE certificates & CMOs— — 196,860 21,690 196,860 21,690 
ABS53,133 122 526,868 20,868 580,001 20,990 
Corporate— — 120,741 19,297 120,741 19,297 
Other——3,888 309 3,888 309 
Total available for sale$53,133 $122 $1,308,596 $102,709 $1,361,729 $102,831 
Debt Securities, Held-to-Maturity, Allowance for Credit Loss
The following table presents the activity in the allowance for credit losses for securities held-to-maturity for the three months ended March 31, 2024:

(In thousands)Non-GSE commercial certificatesCommercial PACEResidential PACETotal
Allowance for credit losses:
Beginning balance$54 $258 $409 $721 
Recovery of credit losses
(1)(2)(8)(11)
Charge-offs— — — — 
Recoveries— — — — 
Ending balance$53 $256 $401 $710 

The following table presents the activity in the allowance for credit losses for securities held-to-maturity for the three months ended March 31, 2023:

(In thousands)Non-GSE commercial certificatesCommercial PACEResidential PACETotal
Allowance for credit losses:
Beginning balance$— $— $— $— 
Adoption of ASU No. 2016-1385 255 328 668 
Provision for (recovery of) credit losses(1)7 39 45 
Charge-offs(26)— — (26)
Recoveries— — — — 
Ending balance$58 262 367 687