ALLOWANCE FOR CREDIT LOSSES (Tables)

3 Months Ended

Mar. 31, 2023

Credit Loss [Abstract]

Schedule of loan balances by segment and the corresponding balances in the allowance for loan losses

The following tables present the loan balances by segment, and the corresponding balances in the allowance as of March 31, 2023 and December 31, 2022. The allowance was based on the CECL methodology.

	March 31, 2023
			Ending ACL
			Attributable				Ending ACL
	Total		To		Total		Attributable
	Individually		Individually		Loans		To Loans				Total
	Evaluated		Evaluated		Collectively		Collectively		Total		Ending
(In thousands)	Loans		Loans		Evaluated		Evaluated		Loans		ACL
Primary residential mortgage	$	574	$	—	$	545,559	$	2,959	$	546,133	$	2,959
Junior lien loan on residence		—		—		36,986		146		36,986		146
Multifamily property		11,236		1,104		1,860,151		8,719		1,871,387		9,823
Owner-occupied commercial real estate		—		—		274,923		4,952		274,923		4,952
Investment commercial real estate		11,166		1,221		1,005,559		13,317		1,016,725		14,538
Commercial and industrial		3,268		296		1,265,082		26,573		1,268,350		26,869
Lease financing		1,492		—		281,414		1,989		282,906		1,989
Construction		—		—		12,593		313		12,593		313
Consumer and other loans		—		—		52,249		661		52,249		661
Total ACL	$	27,736	$	2,621	$	5,334,516	$	59,629	$	5,362,252	$	62,250

	December 31, 2022
			Ending ACL
			Attributable				Ending ACL
	Total		To		Total		Attributable
	Individually		Individually		Loans		To Loans				Total
	Evaluated		Evaluated		Collectively		Collectively		Total		Ending
(In thousands)	Loans		Loans		Evaluated		Evaluated		Loans		ACL
Primary residential mortgage	$	374	$	—	$	527,410	$	2,894	$	527,784	$	2,894
Junior lien loan on residence		—		—		38,265		154		38,265		154
Multifamily property		—		—		1,863,915		8,849		1,863,915		8,849
Owner-occupied commercial real estate		—		—		272,009		4,835		272,009		4,835
Investment commercial real estate		11,208		1,208		1,032,917		14,272		1,044,125		15,480
Commercial and industrial		3,385		299		1,191,277		25,231		1,194,662		25,530
Lease financing		1,765		—		286,801		2,314		288,566		2,314
Construction		—		—		9,936		236		9,936		236
Consumer and other loans		—		—		42,319		537		42,319		537
Total ACL	$	16,732	$	1,507	$	5,264,849	$	59,322	$	5,281,581	$	60,829

Schedule of loans individually evaluated by segment

The following tables present collateral dependent loans individually evaluated by segment as of March 31, 2023 and December 31, 2022:

	March 31, 2023
							Average
	Unpaid						Individually
	Principal		Recorded		Related		Evaluated
(In thousands)	Balance		Investment		Allowance		Loans
With no related allowance recorded:
Primary residential mortgage	$	724	$	574	$	—	$	507
Commercial and industrial		3,775		1,743		—		1,810
Lease financing		1,537		1,492		—		1,674
Total loans with no related allowance	$	6,036	$	3,809	$	—	$	3,991
With related allowance recorded:
Multifamily property	$	11,267	$	11,236	$	1,104	$	3,745
Investment commercial real estate		12,500		11,166		1,221		11,183
Commercial and industrial		1,546		1,525		296		1,217
Total loans with related allowance	$	25,313	$	23,927	$	2,621	$	16,145
Total loans individually evaluated	$	31,349	$	27,736	$	2,621	$	20,136

	December 31, 2022
							Average
	Unpaid						Individually
	Principal		Recorded		Related		Evaluated
(In thousands)	Balance		Investment		Allowance		Loans
With no related allowance recorded:
Primary residential mortgage	$	415	$	374	$	—	$	249
Commercial and industrial		3,868		1,836		—		539
Lease financing		1,792		1,765		—		444
Total loans with no related allowance	$	6,075	$	3,975	$	—	$	1,232
With related allowance recorded:
Investment commercial real estate	$	12,500	$	11,208	$	1,208	$	12,402
Commercial and industrial		1,555		1,549		299		174
Total loans with related allowance	$	14,055	$	12,757	$	1,507	$	12,576
Total loans individually evaluated for impairment	$	20,130	$	16,732	$	1,507	$	13,808

Schedule of Activity in Allowance for Loan and Losses

The activity in the allowance for credit losses for the three months ended March 31, 2023 and March 31, 2022 is summarized below:

	January 1,										March 31,
	2023										2023
	Beginning							Provision			Ending
(In thousands)	ACL		Charge-offs			Recoveries		(Credit) (A)			ACL
Primary residential mortgage	$	2,894	$	—		$	—	$	65		$	2,959
Junior lien loan on residence		154		—			—		(8	)		146
Multifamily property		8,849		—			—		974			9,823
Owner-occupied commercial real estate		4,835		—			—		117			4,952
Investment commercial real estate		15,480		—			—		(942	)		14,538
Commercial and industrial		25,530		—			—		1,339			26,869
Lease financing		2,314		—			—		(325	)		1,989
Construction		236		—			—		77			313
Consumer and other loans		537		(46	)		3		167			661
Total ACL	$	60,829	$	(46	)	$	3	$	1,464		$	62,250

(A) Provision to roll forward the ACL excludes a provision of $49,000 for off-balance sheet commitments.

	December 31,
	2021
	Prior to													March 31,
	Adoption		Impact of											2022
	of		Adopting								Provision			Ending
(In thousands)	Topic 326		Topic 326			Charge-offs			Recoveries		(Credit) (A)			ACL
Primary residential mortgage	$	1,510	$	717		$	—		$	—	$	1,318		$	3,545
Junior lien loan on residence		88		83			—			—		71			242
Multifamily property		9,806		4,072			—			—		1,602			15,480
Owner-occupied commercial real estate		1,998		2,902			—			—		3			4,903
Investment commercial real estate		27,083		(13,589	)		(250	)		—		(2,275	)		10,969
Commercial and industrial		17,509		(657	)		—			4		1,797			18,653
Lease financing		3,440		156			—			—		(242	)		3,354
Construction		48		361			—			—		123			532
Consumer and other loans		215		419			(20	)		2		92			708
Total ACL	$	61,697	$	(5,536	)	$	(270	)	$	6	$	2,489		$	58,386

(A) Provision to roll forward the ACL excludes a credit of $114,000 for off-balance sheet commitments.

Schedule of Activity in ACL for Off Balance Sheet Commitments

The following table presets the activity in the ACL for off-balance sheet commitments for the three months ended March 31, 2023 and 2022:

	January 1,
	2023				March 31,
	Beginning		Provision		2023
(In thousands)	ACL		(Credit)		Ending ACL
Off balance sheet commitments	$	752	$	49	$	801
Total ACL	$	752	$	49	$	801

	December 31,
	2021							March 31,
	Prior to adoption		Impact of		Provision			2022
(In thousands)	of Topic 326		adopting Topic 326		(Credit)			Ending ACL
Off balance sheet commitments	$	—	$	302	$	(114	)	$	188
Total ACL	$	—	$	302	$	(114	)	$	188