ALLOWANCE FOR CREDIT LOSSES (Tables)

12 Months Ended

Dec. 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 December 31, 2023 and 2022.

December 31, 2023
			Ending
			ACL				Ending
			Attributable				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	$	652	$	—	$	584,474	$	3,931	$	585,126	$	3,931
Junior lien loan on residence		100		—		40,103		177		40,203		177
Multifamily property		16,645		—		1,819,745		8,782		1,836,390		8,782
Owner-occupied commercial    real estate		—		—		255,110		4,840		255,110		4,840
Investment commercial real    estate		9,881		—		1,051,316		15,403		1,061,197		15,403
Commercial and industrial		31,430		4,518		1,283,351		25,189		1,314,781		29,707
Lease financing		2,002		20		249,421		1,643		251,423		1,663
Construction		—		—		17,987		516		17,987		516
Consumer and other		—		—		63,906		869		63,906		869
Total ACL	$	60,710	$	4,538	$	5,365,413	$	61,350	$	5,426,123	$	65,888

December 31, 2022
			Ending
			ACL				Ending
			Attributable				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		—		—		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 December 31, 2023 and 2022:

	December 31, 2023
							Average
	Unpaid						Individually
	Principal		Recorded		Related		Evaluated
(In thousands)	Balance		Investment		Allowance		Loans
With no related allowance recorded:
Primary residential mortgage (1)	$	712	$	652	$	—	$	428
Junior lien loan on residence (1)		100		100		—		8
Multifamily property (2)		18,868		16,645		—		5,964
Investment commercial real estate (3)		12,500		9,881		—		5,781
Commercial and industrial (1)(3)(4)		6,275		3,965		—		2,146
Lease financing (5)		1,035		946		—		2,067
Total loans with no related allowance	$	39,490	$	32,189	$	—	$	16,394
With related allowance recorded:
Commercial and industrial (3)(4)(5)	$	28,359	$	27,465	$	4,518	$	9,814
Lease financing (5)		1,079		1,056		20		1,611
Total loans with related allowance	$	29,438	$	28,521	$	4,538	$	11,425
Total loans individually evaluated for impairment	$	68,928	$	60,710	$	4,538	$	27,819

(1)Secured by residential real estate.

(2)Secured by multifamily residential properties.

(3)Secured by commercial real estate.

(4)Secured by all business assets.

(5)Secured by machinery and equipment.

	December 31, 2022
	Unpaid						Average
	Principal		Recorded		Specific		Impaired
(In thousands)	Balance		Investment		Reserves		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 years ended December 31, 2023 and 2022 are summarized below:

	January 1,									December 31,
	2023									2023
	Beginning		Charge-					Provision/		Ending
(In thousands)	ACL		Offs			Recoveries		(Credit)(1)		ACL
Primary residential mortgage	$	2,894	$	—		$	52	$	985	$	3,931
Junior lien loan on residence		154		—			—		23		177
Multifamily property		8,849		(2,223	)		—		2,156		8,782
Owner-occupied commercial real estate		4,835		—			—		5		4,840
Investment commercial real estate		15,480		(1,199	)		—		1,122		15,403
Commercial and industrial		25,530		—			—		4,177		29,707
Lease financing		2,314		(5,594	)		—		4,943		1,663
Construction		236		—			—		280		516
Consumer and other		537		(139	)		6		465		869
Total ACL	$	60,829	$	(9,155	)	$	58	$	14,156	$	65,888

(1) Provision to roll forward the ACL excludes a credit of $65,000 for off-balance sheet commitments.

	December 31,
		2021
	Prior to													December 31,
	Adoption		Impact of											2022
	of		Adopting								Provision/			Ending
(In thousands)	Topic 326		Topic 326			Charge-Offs			Recoveries		(Credit)(1)			ACL
Primary residential mortgage	$	1,510	$	717		$	—		$	15	$	652		$	2,894
Junior lien loan on residence		88		83			(3	)		—		(14	)		154
Multifamily property		9,806		4,072			—			—		(5,029	)		8,849
Owner-occupied commercial real estate		1,998		2,902			—			—		(65	)		4,835
Investment commercial real estate		27,083		(13,589	)		(1,450	)		—		3,436			15,480
Commercial and industrial		17,509		(657	)		—			254		8,424			25,530
Lease financing		3,440		156			—			—		(1,282	)		2,314
Construction		48		361			—			—		(173	)		236
Consumer and other		215		419			(53	)		2		(46	)		537
Total ACL	$	61,697	$	(5,536	)	$	(1,506	)	$	271	$	5,903		$	60,829

(1) Provision to roll forward the ACL excludes a provision of $450,000 for off-balance sheet commitments.

For the accounting policy on the allowance for loan losses that was in effect prior to the adoption of Topic 326, refer to Note 1, Summary of Significant Accounting Policies in our Annual Report on Form 10-K for the year ended December 31, 2021. The activity in the allowance for loan and lease losses for the year ended December 31, 2021 is summarized below:

	January 1,										December 31,
	2021										2021
	Beginning							Provision/			Ending
(In thousands)	ALLL		Charge-Offs			Recoveries		(Credit)			ALLL
Primary residential mortgage	$	2,905	$	(12	)	$	—	$	(1,461	)	$	1,432
Home equity lines of credit		218		—			85		(220	)		83
Junior lien loan on residence		15		—			—		(10	)		5
Multifamily property		9,945		—			—		(139	)		9,806
Owner-occupied commercial real estate		3,050		—			—		(1,052	)		1,998
Investment commercial real estate		27,713		(7,137	)		—		6,507			27,083
Commercial and industrial		19,047		(5,019	)		66		3,415			17,509
Lease financing		3,936		—			—		(496	)		3,440
Secured by farmland and agricultural		43		—			—		41			84
Commercial construction		158		—			—		(116	)		42
Consumer and other		279		(80	)		10		6			215
Total ALLL	$	67,309	$	(12,248	)	$	161	$	6,475		$	61,697

Schedule of Activity in ACL for Off Balance Sheet Commitments

The following tables present the activity in the ACL for off balance sheet commitments for the years ended December 31, 2023 and 2022:

	January 1,					December 31,
	2023		Provision			2023
(In thousands)	ACL		(Credit)			Ending ACL
Off balance sheet commitments	$	752	$	(65	)	$	687
Total ACL	$	752	$	(65	)	$	687

	December 31,
	2021						December 31,
	Prior to Adoption		Impact of		Provision		2022
(In thousands)	of Topic 326		Adopting Topic 326		(Credit)		Ending ACL
Off balance sheet commitments	$	—	$	302	$	450	$	752
Total ACL	$	—	$	302	$	450	$	752