Fair Value, Assets and Liabilities Measured on Recurring Basis |
| | | | | | | | | | | | | | | | | | Fair Value Measurements | | | | | | at September 30, 2021 Using | | | | | | Level 1 | | Level 2 | | Level 3 | (In thousands) | | Total | | Inputs | | Inputs | | Inputs | Financial Assets: | | | | | | | | | | | | | Securities available-for-sale: | | | | | | | | | | | | | Agency notes | | $ | 81,018 | | $ | — | | $ | 81,018 | | $ | — | Treasury securities | | | 247,696 | | | — | | | 247,696 | | | — | Corporate securities | | | 126,833 | | | — | | | 126,833 | | | — | Pass-through MBS issued by GSEs | | | 621,957 | | | — | | | 621,957 | | | — | Agency CMOs | | | 590,426 | | | — | | | 590,426 | | | — | State and municipal obligations | | | 41,133 | | | — | | | 41,133 | | | — | Derivative – cash flow hedges | | | 2,811 | | | — | | | 2,811 | | | — | Derivative – freestanding derivatives, net | | | 38,889 | | | — | | | 38,889 | | | — | Financial Liabilities: | | | | | | | | | | | | | Derivative – freestanding derivatives, net | | | 38,889 | | | — | | | 38,889 | | | — |
| | | | | | | | | | | | | | | | | | 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 – freestanding derivatives | | | 30,596 | | | — | | | 30,596 | | | — | Financial Liabilities: | | | | | | | | | | | | | Derivative – cash flow hedges | | | 18,442 | | | — | | | 18,442 | | | — | Derivative – freestanding derivatives | | | 30,596 | | | — | | | 30,596 | | | — |
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Fair Value Measurements, Nonrecurring |
| | | | | | | | | | | | | | | | | | | | | Fair Value Measurements | | | | | | at September 30, 2021 Using | | | Carrying | | Level 1 | | Level 2 | | Level 3 | | | | (In thousands) | | Amount | | Inputs | | Inputs | | Inputs | | Total | Financial Assets: | | | | | | | | | | | | | | | | Cash and due from banks | | $ | 629,011 | | $ | 629,011 | | $ | — | | $ | — | | $ | 629,011 | Securities held-to-maturity | | | 40,303 | | | — | | | 40,303 | | | — | | | 40,303 | Loans held for investment, net | | | 9,148,470 | | | — | | | — | | | 9,212,454 | | | 9,212,454 | Accrued interest receivable | | | 43,284 | | | — | | | 4,228 | | | 39,056 | | | 43,284 | Financial Liabilities: | | | | | | | | | | | | | | | | Savings, money market and checking accounts | | | 9,657,821 | | | 9,657,821 | | | — | | | — | | | 9,657,821 | Certificates of Deposits ("CDs") | | | 1,016,216 | | | — | | | 1,021,029 | | | — | | | 1,021,029 | FHLBNY advances | | | 25,000 | | | — | | | 25,015 | | | — | | | 25,015 | Subordinated debt, net | | | 197,142 | | | — | | | 203,355 | | | — | | | 203,355 | Other short-term borrowings | | | 2,629 | | | 2,629 | | | — | | | — | | | 2,629 | Accrued interest payable | | | 1,630 | | | — | | | 1,630 | | | — | | | 1,630 |
| | | | | | | | | | | | | | | | | | | | | 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 held for investment, 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 | | | 3,202,484 | | | 3,202,484 | | | — | | | — | | | 3,202,484 | 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 short-term borrowings | | | 120,000 | | | 120,000 | | | — | | | — | | | 120,000 | Accrued interest payable | | | 1,734 | | | — | | | 1,734 | | | — | | | 1,734 |
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