FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2024

FAIR VALUE OF FINANCIAL INSTRUMENTS

Schedule of fair value, assets and liabilities measured on recurring basis

			Fair Value Measurements
			at June 30, 2024 Using
			Level 1		Level 2		Level 3
(In thousands)	Total		Inputs		Inputs		Inputs
Financial Assets:
Securities available-for-sale:
Agency notes	$	9,432	$	—	$	9,432	$	—
Treasury securities		197,912		—		197,912		—
Corporate securities		155,410		—		155,410		—
Pass-through MBS issued by GSEs		187,044		—		187,044		—
Agency CMOs		243,846		—		243,846		—
State and municipal obligations		25,578		—		25,578		—
Derivative – cash flow hedges		12,134		—		12,134		—
Derivative – freestanding derivatives, net		122,401		—		122,401		—
Financial Liabilities:
Derivative – fair value hedges		400		—		400		—
Derivative – cash flow hedges		701		—		701		—
Derivative – freestanding derivatives, net		122,401		—		122,401		—

			Fair Value Measurements
			at December 31, 2023 Using
			Level 1		Level 2		Level 3
(In thousands)	Total		Inputs		Inputs		Inputs
Financial Assets:
Securities available-for-sale:
Agency Notes	$	9,371	$	—	$	9,371	$
Treasury securities		234,190		—		234,190		—
Corporate securities		151,170		—		151,170		—
Pass-through MBS issued by GSEs		205,285		—		205,285		—
Agency CMOs		259,415		—		259,415		—
State and municipal obligations		26,809		—		26,809		—
Derivative – cash flow hedges		12,492		—		12,492		—
Derivative – freestanding derivatives, net		114,671		—		114,671		—
Financial Liabilities:		—
Derivative – fair value hedge		6,594		—		6,594		—
Derivative – cash flow hedges		5,031				5,031
Derivative – freestanding derivatives, net		114,671		—		114,671		—

Schedule of assets measured at fair value on a non-recurring basis

	June 30, 2024
				Fair Value Measurements Using:
			Quoted Prices
			In Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
	Carrying		Assets		Inputs		Inputs
(In thousands)	Value		(Level 1)		(Level 2)		(Level 3)
Individually evaluated loans	$	823	$	—	$	—	$	823

	December 31, 2023
				Fair Value Measurements Using:
			Quoted Prices
			In Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
	Carrying		Assets		Inputs		Inputs
(In thousands)	Value		(Level 1)		(Level 2)		(Level 3)
Individually evaluated loans	$	6,336	$	—	$	—	$	6,336

Schedule of fair value measurements, nonrecurring

			Fair Value Measurements
			at June 30, 2024 Using
	Carrying		Level 1		Level 2		Level 3
(In thousands)	Amount		Inputs		Inputs		Inputs		Total
Financial Assets:
Cash and due from banks	$	413,983	$	413,983	$	—	$	—	$	413,983
Securities held-to-maturity		588,000		—		502,837		—		502,837
Loans held for investment, net		10,746,223		—		—		10,233,958		10,233,958
Accrued interest receivable		55,588		—		6,415		49,173		55,588
Financial Liabilities:
Savings, money market and checking accounts (1)		9,646,163		9,646,163		—		—		9,646,163
Certificates of Deposits ("CDs")		1,382,271		—		1,377,848		—		1,377,848
FHLBNY advances		633,000		—		633,362		—		633,362
Subordinated debt, net		262,814		—		227,214		—		227,214
Accrued interest payable		14,101		—		14,101		—		14,101

⁽¹⁾ Includes mortgage escrow deposits.

			Fair Value Measurements
			at December 31, 2023 Using
	Carrying		Level 1		Level 2		Level 3
(In thousands)	Amount		Inputs		Inputs		Inputs		Total
Financial Assets:
Cash and due from banks	$	457,547	$	457,547	$	—	$	—	$	457,547
Securities held-to-maturity		594,639		—		516,930		—		516,930
Loans held for investment, net		10,695,349		—		—		10,305,026		10,305,026
Accrued interest receivable		55,666		—		6,593		49,073		55,666
Financial Liabilities:
Savings, money market and checking accounts (1)		8,922,972		8,922,972		—		—		8,922,972
CDs		1,607,683		—		1,602,087		—		1,602,087
FHLBNY advances		1,313,000		—		1,312,940		—		1,312,940
Subordinated debt, net		200,196		—		160,696		—		160,696
Accrued interest payable		17,298		—		17,298		—		17,298