FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2025

FAIR VALUE OF FINANCIAL INSTRUMENTS

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

			Fair Value Measurements
			at March 31, 2025 Using
			Level 1		Level 2		Level 3
(In thousands)	Total		Inputs		Inputs		Inputs
Financial Assets:
Securities available-for-sale:
Agency notes	$	9,703	$	—	$	9,703	$	—
Corporate securities		175,536		—		175,536		—
Pass-through MBS issued by GSEs		299,513		—		299,513		—
Agency CMOs		203,006		—		203,006		—
State and municipal obligations		22,821		—		22,821		—
Derivative – cash flow hedges		6,591		—		6,591		—
Derivative – freestanding derivatives, net		92,149		—		92,149		—
Financial Liabilities:
Derivative – fair value hedges		39		—		39		—
Derivative – cash flow hedges		313		—		313		—
Derivative – freestanding derivatives, net		92,149		—		92,149		—
Derivative – risk participations		15		—		15		—

			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	$	—
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 – cash flow hedges		159		—		159		—
Derivative – freestanding derivatives, net		108,178		—		108,178		—
Derivative – risk participations		10		—		10		—

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

	March 31, 2025
				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	$	1,958	$	—	$	—	$	1,958

	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

Schedule of fair value measurements, nonrecurring

			Fair Value Measurements
			at March 31, 2025 Using
	Carrying		Level 1		Level 2		Level 3
(In thousands)	Amount		Inputs		Inputs		Inputs		Total
Financial Assets:
Cash and due from banks	$	1,030,702	$	1,030,702	$	—	$	—	$	1,030,702
Securities held-to-maturity		631,334		—		558,786		—		558,786
Loans held for sale		2,527		—		—		2,527		2,527
Loans held for investment, net		10,776,322		—		—		10,419,587		10,419,587
Accrued interest receivable		56,044		—		6,438		49,606		56,044
Financial Liabilities:
Savings, money market and checking accounts (1)		10,494,856		10,494,856		—		—		10,494,856
Certificates of deposit ("CDs")		1,121,068		—		1,118,156		—		1,118,156
FHLBNY advances		508,000		—		510,485		—		510,485
Subordinated debt, net		272,370		—		256,150		—		256,150
Accrued interest payable		9,302		—		9,302		—		9,302

⁽¹⁾ Includes mortgage escrow deposits.

			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.