FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2021

FAIR VALUE OF FINANCIAL INSTRUMENTS

Fair Value, Assets and Liabilities Measured on Recurring Basis

			Fair Value Measurements
			at March 31, 2021 Using
			Level 1		Level 2		Level 3
(In thousands)	Total		Inputs		Inputs		Inputs
Financial Assets
Securities available-for-sale:
Agency Notes	$	69,570	$	—	$	69,570	$	—
Treasury Securities		92,272		—		92,272		—
Corporate Securities		98,733		—		98,733		—
Pass-through MBS issued by GSEs		323,707		—		323,707		—
Agency CMOs		522,822		—		522,822		—
State and municipal obligations		45,389		—		45,389		—
Derivative – cash flow hedges		3,944		—		3,944		—
Derivative – freestanding derivatives, net		41,816		—		41,816		—
Financial Liabilities
Derivative – cash flow hedges		—		—		—		—
Derivative – freestanding derivatives, net		41,816		—		41,816		—

			Fair Value Measurements
			at December 31, 2020 Using
			Level 1		Level 2		Level 3
(In thousands)	Total		Inputs		Inputs		Inputs
Financial Assets
Marketable equity securities (Registered Mutual Funds)
Domestic equity mutual funds	$	1,769	$	1,769	$	—	$	—
International equity mutual funds		468		468		—		—
Fixed income mutual funds		3,733		3,733		—		—
Securities available-for-sale:
Agency Notes		47,421		—		47,421		—
Corporate Securities		64,461		—		64,461		—
Pass-through MBS issued by GSEs		143,483		—		143,483		—
Agency CMOs		283,496		—		283,496		—
Derivative – cash flow hedges		—		—		—		—
Derivative – freestanding derivatives		30,596		—		30,596		—
Financial Liabilities
Derivative – cash flow hedges		18,442		—		18,442		—
Derivative – freestanding derivatives		30,596		—		30,596		—

Fair Value Measurements, Nonrecurring

			Fair Value Measurements
			at March 31, 2021 Using
	Carrying		Level 1		Level 2		Level 3
(In thousands)	Amount		Inputs		Inputs		Inputs		Total
Financial Assets
Cash and due from banks	$	676,723	$	676,723	$	—	$	—	$	676,723
Loans, net		10,407,898		—		—		10,489,350		10,489,350
Accrued interest receivable		51,100		—		3,602		47,498		51,100
Financial Liabilities
Savings, money market and checking accounts		9,270,496		9,270,496		—		—		9,270,496
Certificates of Deposits ("CDs")		1,540,316		—		1,545,436		—		1,545,436
FHLBNY Advances		533,865		—		534,049		—		534,049
Subordinated debt, net		197,234		—		198,297		—		198,297
Other borrowings		126,763		126,763		—		—		126,763
Accrued interest payable		2,024		—		2,024		—		2,024

			Fair Value Measurements
			at December 31, 2020 Using
	Carrying		Level 1		Level 2		Level 3
(In thousands)	Amount		Inputs		Inputs		Inputs		Total
Financial Assets
Cash and due from banks	$	243,603	$	243,603	$	—	$	—	$	243,603
Loans, net		5,580,583		—		—		5,598,787		5,598,787
Accrued interest receivable		34,815		2		1,584		33,229		34,815
Financial Liabilities
Savings, money market and checking accounts		3,212,495		3,212,495		—		—		3,212,495
CDs		1,322,638		—		1,328,554		—		1,328,554
FHLBNY Advances		1,204,010		—		1,207,890		—		1,207,890
Subordinated debt, net		114,052		—		114,340		—		114,340
Other borrowings		120,000		120,000		—		—		120,000
Accrued interest payable		1,734		—		1,734		—		1,734