DERIVATIVES AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2021

Derivatives, Fair Value [Line Items]

Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income (Loss)

The table below presents the effect of the cash flow hedge accounting on Accumulated Other Comprehensive Income (Loss) for the periods indicated:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In thousands)	2021		2020		2021		2020
Gain (loss) recognized in other comprehensive income	$	225	$	100	$	3,767	$	(25,098)
Gain recognized on termination of derivatives		—		—		16,505		—
Loss reclassified from other comprehensive income into interest expense		(38)		(2,319)		(902)		(3,679)

Designated as Hedging Instrument

Derivatives, Fair Value [Line Items]

Fair Value of Derivative Financial Instruments and Classification on Consolidated Statements of Financial Condition

	September 30, 2021							December 31, 2020
		Notional		Fair Value		Fair Value			Notional		Fair Value		Fair Value
(Dollars in thousands)	Count	Amount		Assets		Liabilities		Count	Amount		Assets		Liabilities
Included in derivative assets/(liabilities):
Interest rate swaps related to FHLBNY advances	4	$	150,000	$	2,811	$	—	—	$	—	$	—	$	—
Interest rate swaps related to FHLBNY advances	—	$	—	$	—	$	—	32	$	655,000	$	—	$	(18,442)

Not Designated as Hedging Instrument

Derivatives, Fair Value [Line Items]

Fair Value of Derivative Financial Instruments and Classification on Consolidated Statements of Financial Condition

	September 30, 2021
		Notional		Fair Value		Fair Value
(In thousands)	Count	Amount		Assets		Liabilities
Included in derivative assets/(liabilities):
Loan level interest rate swaps with borrower	128	$	818,370	$	36,095	$	—
Loan level interest rate swaps with borrower	61		439,198		—		(7,414)
Loan level interest rate floors with borrower	47		405,685		—		(4,072)
Loan level interest rate swaps with third-party counterparties	128		818,370		—		(36,095)
Loan level interest rate swaps with third-party counterparties	61		439,198		7,414		—
Loan level interest rate floors with third-party counterparties	47		405,685		4,072		—

	December 31, 2020
		Notional		Fair Value		Fair Value
(In thousands)	Count	Amount		Assets		Liabilities
Included in derivative assets/(liabilities):
Loan level interest rate swaps with borrower	65	$	570,277	$	24,764	$	—
Loan level interest rate floors with borrower	41		364,643		—		(5,832)
Loan level interest rate swaps with third-party counterparties	65		570,277		—		(24,764)
Loan level interest rate floors with third-party counterparties	41		364,643		5,832		—

Loan Level Derivative Income

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In thousands)	2021		2020		2021		2020
Loan level derivative income	$	445	$	1,544	$	2,796	$	5,201