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FAIR VALUE MEASUREMENT (Tables)
 6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Fair Value Measurement Methodologies
The following table summarizes the fair value measurement methodologies, including significant inputs and assumptions and classification of the Company's assets and liabilities valued at fair value on a recurring basis.
Asset/Liability classValuation methodology, inputs and assumptionsClassification
Investment securities
Trading securitiesFair Value is based on quoted prices in an active market.Level 1 recurring fair value measurement.
Investment securities AFS
Observable market prices of identical or similar securities are used where available.Level 2 recurring fair value measurement.
If market prices are not readily available, value is based on discounted cash flows using the following significant inputs:
 
•      Expected prepayment speeds 
•      Estimated credit losses 
•      Market liquidity adjustments
Level 3 recurring fair value measurement.
LHFS
Single family loans, excluding loans transferred from held for investment
Fair value is based on observable market data, including:
 
•       Quoted market prices, where available 
•       Dealer quotes for similar loans 
•       Forward sale commitments
Level 2 recurring fair value measurement.
When not derived from observable market inputs, fair value is based on discounted cash flows, which considers the following inputs:
•       Benchmark yield curve  
•       Estimated discount spread to the benchmark yield curve 
•       Expected prepayment speeds
Estimated fair value classified as Level 3.
Mortgage servicing rights
Single family MSRs
For information on how the Company measures the fair value of its single family MSRs, including key economic assumptions and the sensitivity of fair value to changes in those assumptions, see Note 6, Mortgage Banking Operations.
Level 3 recurring fair value measurement.
Derivatives
Futures and OptionsFair value is based on closing exchange prices.Level 1 recurring fair value measurement.
Forward sale commitments Interest rate swapsFair value is based on quoted prices for identical or similar instruments, when available. When quoted prices are not available, fair value is based on internally developed modeling techniques, which require the use of multiple observable market inputs including:
 
            •       Forward interest rates 
            •       Interest rate volatilities		Level 2 recurring fair value measurement.
IRLC
The fair value considers several factors including:

•       Fair value of the underlying loan based on quoted prices in the secondary market, when available. 
•       Value of servicing
•       Fall-out factor
Level 3 recurring fair value measurement.
Schedule of Fair Value Hierarchy Measurement
The following tables presents the levels of the fair value hierarchy for the Company's assets and liabilities measured at fair value on a recurring basis: 
At June 30, 2023
(in thousands)Fair ValueLevel 1Level 2Level 3
Assets:
Trading securities - U.S. Treasury securities$40,447 $40,447 $— $— 
Investment securities AFS
Mortgage backed securities:
Residential191,618 — 189,705 1,913 
Commercial53,231 — 53,231 — 
Collateralized mortgage obligations:
Residential518,191 — 518,191 — 
Commercial66,354 — 66,354 — 
Municipal bonds405,545 — 405,545 — 
Corporate debt securities39,023 — 39,023 — 
U.S. Treasury securities19,868 — 19,868 — 
Agency debentures60,368 — 60,368 — 
Single family LHFS30,384 — 30,384 — 
Single family LHFI1,269 — — 1,269 
Single family mortgage servicing rights 76,314 — — 76,314 
Derivatives
Futures5 5 — — 
Forward sale commitments520 — 520 — 
Options237 237 — — 
Interest rate lock commitments226 — — 226 
Interest rate swaps12,855 — 12,855 — 
Total assets$1,516,455 $40,689 $1,396,044 $79,722 
Liabilities:
Derivatives
Forward sale commitments$199 $— $199 $— 
Interest rate lock commitments147 — — 147 
Interest rate swaps12,856 — 12,856 — 
Total liabilities$13,202 $— $13,055 $147 
At December 31, 2022
(in thousands)Fair ValueLevel 1Level 2Level 3
Assets:
Trading securities - U.S. Treasury securities$18,997 $18,997 $— $— 
Investment securities AFS
Mortgage backed securities:
Residential
197,262 — 195,321 1,941 
Commercial
56,049 — 56,049 — 
Collateralized mortgage obligations:
Residential553,039 — 553,039 — 
Commercial70,519 — 70,519 — 
Municipal bonds411,548 — 411,548 — 
Corporate debt securities42,945 — 42,877 68 
U.S. Treasury securities19,934 — 19,934 — 
Agency debentures27,478 — 27,478 — 
Single family LHFS 14,075 — 14,075 — 
Single family LHFI5,868 — — 5,868 
Single family mortgage servicing rights76,617 — — 76,617 
Derivatives
Futures18 18 — — 
Options218 218 — — 
Forward sale commitments293 — 293 — 
Interest rate lock commitments141 — — 141 
Interest rate swaps13,093 — 13,093 — 
Total assets$1,508,094 $19,233 $1,404,226 $84,635 
Liabilities:
Derivatives
Forward sale commitments$151 $— $151 $— 
Interest rate lock commitments36 — — 36 
Interest rate swaps13,093 — 13,093 — 
Total liabilities$13,280 $— $13,244 $36 
Schedule of Inputs Used to Measure Fair Value
The following information presents significant Level 3 unobservable inputs used to measure fair value of certain assets:

(dollars in thousands)Fair ValueValuation
Technique		Significant Unobservable
Input		LowHighWeighted Average
June 30, 2023
Investment securities AFS$1,913 Income approach
Implied spread to benchmark interest rate curve
2.00%2.00%2.00%
Single family LHFI1,269 Income approachImplied spread to benchmark interest rate curve3.51%6.99%4.49%
Interest rate lock commitments, net79 Income approachFall-out factor0.60%27.39%9.90%
Value of servicing0.41%1.20%0.77%
December 31, 2022
Investment securities AFS$2,009 Income approach
Implied spread to benchmark interest rate curve
2.00%2.00%2.00%
Single family LHFI5,868 Income approachImplied spread to benchmark interest rate curve2.87%5.15%4.14%
Interest rate lock commitments, net105 Income approachFall-out factor0.10%17.50%6.43%
Value of servicing0.54%1.11%0.95%
Schedule of Fair Value Changes and Activity for Level 3
The following table presents fair value changes and activity for certain Level 3 assets for the periods indicated:

(in thousands)Beginning balanceAdditionsTransfersPayoffs/Sales
Change in mark to market (1)
Ending balance
Quarter Ended June 30, 2023
Investment securities AFS$2,030 $— $— $(48)$(69)$1,913 
Single family LHFI5,231 — — (3,925)(37)1,269 
Quarter Ended June 30, 2022
Investment securities AFS$2,307 $— $— $(49)$(98)$2,160 
Single family LHFI6,981 — — — (473)6,508 
Six Months Ended June 30, 2023
Investment securities AFS$2,009 $— $— $(96)$— $1,913 
Single family LHFI5,868 — — (4,607)8 1,269 
Six Months Ended June 30, 2022
Investment securities AFS$2,482 $— $— $(97)$(225)$2,160 
Single family LHFI7,287 — — — (779)6,508 
(1) Changes in fair value for single LHFI are recorded in other noninterest income on the consolidated income statements.

The following table presents fair value changes and activity for Level 3 interest rate lock commitments:
Quarter Ended June 30,Six Months Ended June 30,
(in thousands)2023202220232022
Beginning balance, net$362 $78 $105 $2,484 
Total realized/unrealized gains (losses)194 1,338 1,113 (839)
Settlements(477)(1,094)(1,139)(1,323)
Ending balance, net$79 $322 $79 $322 
Schedule of Assets that had Changes in their Recorded Fair Value
The following table presents assets classified as Level 3 that had changes in their recorded fair value for the periods indicated and what we still held at the end of the respective reporting period:

(in thousands)Fair ValueTotal Gains (Losses)
At or for the Quarter Ended June 30, 2023
      LHFI (1)
$4,214 $(811)
At or for the Six Months Ended June 30, 2023
      LHFI (1)
$4,214 $(970)
(1) Represents the carrying value of loans for which adjustments are based on the fair value of the collateral.
Schedule of the Fair Value Hierarchy
The following presents the carrying value, estimated fair value and the levels of the fair value hierarchy for the Company's financial instruments other than assets and liabilities measured at fair value on a recurring basis: 

 At June 30, 2023
(in thousands)Carrying
Value		Fair
Value		Level 1Level 2Level 3
Assets:
Cash and cash equivalents$173,101 $173,101 $173,101 $— $— 
Investment securities HTM2,406 2,337 — 2,337 — 
LHFI7,393,882 6,928,804 — — 6,928,804 
LHFS – multifamily and other
1,489 1,489 — 1,489 — 
Mortgage servicing rights – multifamily and SBA32,477 37,497 — — 37,497 
Federal Home Loan Bank stock63,293 63,293 — 63,293 — 
Other assets - GNMA EBO loans4,826 4,826 — — 4,826 
Liabilities:
Certificates of deposit$2,725,148 $2,698,682 $— $2,698,682 $— 
Borrowings1,972,000 1,960,627 1,960,627 
Long-term debt224,583 156,464 — 156,464 — 
 At December 31, 2022
(in thousands)Carrying
Value		Fair
Value		Level 1Level 2Level 3
Assets:
Cash and cash equivalents $72,828 $72,828 $72,828 $— $— 
Investment securities HTM2,441 2,385 — 2,385 — 
LHFI7,378,952 6,988,363 — — 6,988,363 
LHFS – multifamily and other3,252 3,291 — 3,291 — 
Mortgage servicing rights – multifamily and SBA35,256 39,792 — — 39,792 
Federal Home Loan Bank stock49,305 49,305 — 49,305 — 
Other assets-GNMA EBO loans6,918 6,918 — — 6,918 
Liabilities:
Certificates of deposit$2,943,331 $2,910,301 $— $2,910,301 $— 
Borrowings1,016,000 1,014,973 — 1,014,973 — 
Long-term debt224,404 202,338 — 202,338 — 
Loans Held For Sale Accounted for Under the Fair Value Option
The following table presents the difference between the aggregate fair value and the aggregate unpaid principal balance of loans held for sale accounted for under the fair value option:

At June 30, 2023At December 31, 2022
(in thousands)Fair ValueAggregate Unpaid Principal BalanceFair Value Less Aggregated Unpaid Principal BalanceFair ValueAggregate Unpaid Principal BalanceFair Value Less Aggregated Unpaid Principal Balance
Single family LHFS$30,384 $30,348 $36 $14,075 $13,914 $161