Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2025

Summary of Significant Accounting Policies

Summary of information regarding the Company's derivative financial instruments

	Assets				Liabilities
	Notional				Notional
	Amount		Fair Value (1)		Amount		Fair Value (1)
September 30, 2025	(In thousands)
Cash flow hedges:
Interest rate swaps (deposits)	$	205,000	$	2,035	$	700,750	$	6,138
Interest rate floor options (loans)		100,000		1,117		—		—
Fair value hedges:
Interest rate swaps (loans)		412,324		11,848		235,000		1,673
Non hedge:
Interest rate swaps (loans)		553,238		25,615		553,238		25,615
Total	$	1,270,562	$	40,615	$	1,488,988	$	33,426
December 31, 2024
Cash flow hedges:
Interest rate swaps (deposits)	$	950,750	$	14,686	$	—	$	—
Fair value hedges:
Interest rate swaps (loans)		560,587		19,812		135,000		194
Non hedge:
Interest rate swaps (loans)		486,929		20,202		486,929		20,202
Total	$	1,998,266	$	54,700	$	621,929	$	20,396

(1) Derivatives in a positive position are recorded as “Other assets” and derivatives in a negative position are recorded as “Other liabilities” in the Consolidated Statements of Financial Condition.

Schedule of fair value hedged items for the periods indicated

					Cumulative Amount
					of the Fair Value Hedging Adjustment
Line Item in the Consolidated Statement	Carrying Amount of the				Included in the Carrying Amount of
of Financial Condition in Which	Hedged				the Hedged
the Hedged Item Is Included	Assets/(Liabilities)				Assets/(Liabilities)
(In thousands)	September 30, 2025		December 31, 2024		September 30, 2025		December 31, 2024
Loans
Multi-family residential	$	84,554	$	76,882	$	502	$	(11,015)
Commercial real estate		59,375		62,843		372		(4,009)
Commercial business		26,029		39,500		174		(3,113)
Total	$	169,958	$	179,225	$	1,048	$	(18,137)
Portfolio Layer
Loans held for Investment (1)	$	480,000	$	500,000	$	1,421	$	(2,025)
Total	$	480,000	$	500,000	$	1,421	$	(2,025)

(1) Carrying amount represents the amortized cost of the portfolio layer method closed portfolio at September 30 2025 and December 31, 2024, totaling $2.2 billion and $2.4 billion, respectively.

Schedule of effect of derivative instruments on the Consolidated Statements of Income

		For the three months ended				For the nine months ended
	Affected Line Item in the Statements	September 30,				September 30,
(In thousands)	Where Net Income is Presented	2025		2024		2025		2024
Financial Derivatives:
Interest rate swaps - fair value hedge (loans)	Interest and fees on loans	$	2,032	$	3,962	$	6,022	$	11,345
Interest rate swaps - fair value hedge (securities)	Interest and dividends on securities		—		1,181		—		3,185
Interest rate swaps - non hedge (municipal deposit)	Interest expense - Deposits		—		—		—		1
Interest rate swaps - cash flow hedge (short-term advances)	Other interest expense		—		195		—		559
Interest rate swaps - cash flow hedge (brokered deposits)	Interest expense - Deposits		2,543		6,411		9,969		19,341
Interest rate floor options - cash flow hedge (loans)	Interest and fees on loans		(104)		—		(219)		—
Total net income (expense) from the effects of derivative instruments		$	4,471	$	11,749	$	15,772	$	34,431

Schedule of effect of the master netting arrangements on the presentation of the derivative assets and liabilities in the Consolidated Statements of Condition

			Gross Amount		Net Amount
	Gross Amounts		Offset in Statement of		Presented in Statement of		Financial		Cash
(In thousands)	Recognized		Financial Condition		Financial Condition		Instruments		Collateral		Net Amount
September 30, 2025
Assets:
Interest rate swaps	$	39,498	$	—	$	39,498	$	—	$	(17,315)	$	22,183
Interest rate floor options		1,117		—		1,117		—		—		1,117
Liabilities:
Interest rate swaps		33,426		—		33,426		—		—		33,426
December 31, 2024
Assets:
Interest rate swaps	$	54,700	$	—	$	54,700	$	—	$	(47,665)	$	7,035
Liabilities:
Interest rate swaps		20,396		—		20,396		—		—		20,396