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FAIR VALUE MEASUREMENT (Tables)
 9 Months Ended
Sep. 30, 2024
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 September 30, 2024
(in thousands)Fair ValueLevel 1Level 2Level 3
Assets:
Trading securities - U.S. Treasury securities$38,166 $38,166 $— $— 
Investment securities AFS
Mortgage backed securities:
Residential173,904 — 172,100 1,804 
Commercial49,178 — 49,178 — 
Collateralized mortgage obligations:
Residential340,359 — 340,359 — 
Commercial56,638 — 56,638 — 
Municipal bonds395,964 — 395,964 — 
Corporate debt securities34,960 — 34,960 — 
U.S. Treasury securities20,505 — 20,505 — 
Agency debentures46,043 — 46,043 — 
Single family LHFS38,863 — 38,863 — 
Single family LHFI1,329 — — 1,329 
Single family mortgage servicing rights 70,800 — — 70,800 
Derivatives
Forward sale commitments175 — 175 — 
Options9 9 — — 
Interest rate lock commitments655 — — 655 
Interest rate swaps7,925 — 7,925 — 
Total assets$1,275,473 $38,175 $1,162,710 $74,588 
Liabilities:
Derivatives
Futures$13 $13 $— $— 
Forward sale commitments338 — 338 — 
Interest rate lock commitments59 — — 59 
Interest rate swaps7,928 — 7,928 — 
Total liabilities$8,338 $13 $8,266 $59 
At December 31, 2023
(in thousands)Fair ValueLevel 1Level 2Level 3
Assets:
Trading securities - U.S. Treasury securities$24,698 $24,698 $— $— 
Investment securities AFS
Mortgage backed securities:
Residential
183,798 — 181,938 1,860 
Commercial
47,756 — 47,756 — 
Collateralized mortgage obligations:
Residential439,738 — 439,738 — 
Commercial57,397 — 57,397 — 
Municipal bonds404,874 — 404,874 — 
Corporate debt securities38,547 — 38,547 — 
U.S. Treasury securities20,184 — 20,184 — 
Agency debentures58,905 — 58,905 — 
Single family LHFS 12,849 — 12,849 — 
Single family LHFI1,280 — — 1,280 
Single family mortgage servicing rights74,249 — — 74,249 
Derivatives
Forward sale commitments151 — 151 — 
Options132 132 — 
Interest rate lock commitments411 — — 411 
Interest rate swaps10,489 — 10,489 — 
Total assets$1,375,458 $24,830 $1,272,828 $77,800 
Liabilities:
Derivatives
Futures$3 $3 $— $— 
Forward sale commitments288 — 288 — 
Interest rate swaps10,492 — 10,492 — 
Total liabilities$10,783 $3 $10,780 $— 
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
Inputs		LowHighWeighted Average
September 30, 2024
Investment securities AFS$1,804 Income approach
Implied spread to benchmark interest rate curve
2.25%2.25%2.25%
Single family LHFI1,329 Income approachImplied spread to benchmark interest rate curve2.85%5.59%3.64%
Interest rate lock commitments, net596 Income approachFall-out factor0.60%41.79%10.32%
Value of servicing0.65%1.89%1.16%
December 31, 2023
Investment securities AFS$1,860 Income approach
Implied spread to benchmark interest rate curve
2.25%2.25%2.25%
Single family LHFI1,280 Income approachImplied spread to benchmark interest rate curve3.30%5.04%3.94%
Interest rate lock commitments, net411 Income approachFall-out factor0.81%41.64%10.54%
Value of servicing0.32%0.80%0.57%
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 September 30, 2024
Investment securities AFS$1,769 $— $— $(50)$85 $1,804 
Single family LHFI1,286 — — — 43 1,329 
Quarter Ended September 30, 2023
Investment securities AFS$1,913 $— $— $(48)$(70)$1,795 
Single family LHFI1,269 — — — (44)1,225 
Nine Months Ended September 30, 2024
Investment securities AFS$1,860 $— $— $(150)$94 $1,804 
Single family LHFI1,280 — — — 49 1,329 
Nine Months Ended September 30, 2023
Investment securities AFS$2,009 $— $— $(144)$(70)$1,795 
Single family LHFI5,868 — — (4,607)(36)1,225 
(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 September 30,Nine Months Ended September 30,
(in thousands)2024202320242023
Beginning balance, net$483 $79 $411 $105 
Total realized/unrealized gains (losses)1,954 371 3,543 1,484 
Settlements(1,841)(525)(3,358)(1,664)
Ending balance, net$596 $(75)$596 $(75)
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 Value (1)
Total Gains (Losses)
At or for the Quarter Ended September 30, 2024
      LHFI $1,573 $7 
At or for the Quarter Ended September 30, 2023
LHFI$3,774 $(579)
At or for the Nine Months Ended September 30, 2024
LHFI $1,573 $(2,237)
At or for the Nine Months Ended September 30, 2023
LHFI$3,774 $(854)
(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 September 30, 2024
(in thousands)Carrying
Value		Fair
Value		Level 1Level 2Level 3
Assets:
Cash and cash equivalents$205,886 $205,886 $205,886 $— $— 
Investment securities HTM2,318 2,296 — 2,296 — 
LHFI7,293,274 7,019,085 — — 7,019,085 
Mortgage servicing rights – multifamily and SBA26,322 31,970 — — 31,970 
Federal Home Loan Bank stock78,174 78,174 — 78,174 — 
Other assets - GNMA EBO loans7,518 7,518 — — 7,518 
Liabilities:
Certificates of deposit$3,181,412 $3,180,057 $— $3,180,057 $— 
Borrowings1,896,000 1,909,471 — 1,909,471 — 
Long-term debt225,039 184,609 — 184,609 — 
 At December 31, 2023
(in thousands)Carrying
Value		Fair
Value		Level 1Level 2Level 3
Assets:
Cash and cash equivalents $215,664 $215,664 $215,664 $— $— 
Investment securities HTM2,371 2,331 — 2,331 — 
LHFI7,381,124 7,002,028 — — 7,002,028 
LHFS – multifamily and other6,788 6,871 — 6,871 — 
Mortgage servicing rights – multifamily and SBA29,987 35,292 — — 35,292 
Federal Home Loan Bank stock55,293 55,293 — 55,293 — 
Other assets-GNMA EBO loans5,617 5,617 — — 5,617 
Liabilities:
Certificates of deposit$3,227,954 $3,216,665 $— $3,216,665 $— 
Borrowings1,745,000 1,750,023 — 1,750,023 — 
Long-term debt224,766 132,996 — 132,996 — 
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 September 30, 2024At December 31, 2023
(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$38,863 $37,993 $870 $12,849 $12,583 $266