FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2024

FAIR VALUE OF FINANCIAL INSTRUMENTS

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

			Fair Value Measurements
			at December 31, 2024 Using
			Level 1		Level 2		Level 3
(In thousands)	Total		Inputs		Inputs		Inputs
Financial Assets:
Securities available-for-sale:
Agency notes	$	9,607	$	—	$	9,607	$	—
Treasury securities		—		—		—		—
Corporate securities		163,949		—		163,949		—
Pass-through MBS issued by GSEs		300,221		—		300,221		—
Agency CMOs		191,888		—		191,888		—
State and municipal obligations		25,028		—		25,028		—
Derivative – cash flow hedges		8,318		—		8,318		—
Derivative – freestanding derivatives, net		108,178		—		108,178		—
Financial Liabilities:
Derivative – fair value hedges		—		—		—		—
Derivative – cash flow hedges		159		—		159		—
Derivative – freestanding derivatives, net		108,178				108,178
Derivative – risk participations		10		—		10		—

			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		7,461		—		7,461		—
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

	December 31, 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	$	7,584	$	—	$	—	$	7,584

	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 December 31, 2024 Using
	Carrying		Level 1		Level 2		Level 3
(In thousands)	Amount		Inputs		Inputs		Inputs		Total
Financial Assets:
Cash and due from banks	$	1,283,571	$	1,283,571	$	—	$	—	$	1,283,571
Securities held-to-maturity		637,339		—		552,277		—		552,277
Loans held for sale		22,625		—		—		22,625		22,625
Loans held for investment, net		10,775,608		—		—		10,354,366		10,354,366
Accrued interest receivable		55,970		—		6,676		49,294		55,970
Financial Liabilities:
Savings, money market and checking accounts (1)		10,617,060		10,617,060		—		—		10,617,060
CDs		1,069,081		—		1,066,630		—		1,066,630
FHLBNY advances		608,000		—		608,908		—		608,908
Subordinated debt, net		272,325		—		257,464		—		257,464
Other short-term borrowings		50,000		50,000		—		—		50,000
Accrued interest payable		8,586		—		8,586		—		8,586

(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 sale		10,159		—		—		10,159		10,159
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

(1) Includes mortgage escrow deposits.