DERIVATIVES AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Mar. 31, 2022

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
	March 31,
(In thousands)	2022		2021
Gain (loss) recognized in other comprehensive income	$	6,852	$	4,948
Gain recognized on termination of derivatives		—		16,505
Loss reclassified from other comprehensive income into interest expense		(31)		(854)

Designated as Hedging Instrument

Derivatives, Fair Value [Line Items]

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

	March 31, 2022							December 31, 2021
		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	$	11,240	$	—	4	$	150,000	$	4,358	$	—

Not Designated as Hedging Instrument [Member]

Derivatives, Fair Value [Line Items]

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

	March 31, 2022
		Notional		Fair Value		Fair Value
(In thousands)	Count	Amount		Assets		Liabilities
Included in derivative assets/(liabilities):
Loan level interest rate swaps with borrower	20	$	115,621	$	4,258	$	—
Loan level interest rate swaps with borrower	162		1,051,421		—		(50,760)
Loan level interest rate floors with borrower	1		23,769		9		—
Loan level interest rate floors with borrower	42		334,329		—		(5,559)
Loan level interest rate swaps with third-party counterparties	20		115,621		—		(4,258)
Loan level interest rate swaps with third-party counterparties	162		1,051,421		50,760		—
Loan level interest rate floors with third-party counterparties	1		23,769		—		(9)
Loan level interest rate floors with third-party counterparties	42		334,329		5,559		—

	December 31, 2021
		Notional		Fair Value		Fair Value
(In thousands)	Count	Amount		Assets		Liabilities
Included in derivative assets/(liabilities):
Loan level interest rate swaps with borrower	98	$	599,003	$	27,440	$	—
Loan level interest rate swaps with borrower	87		612,610		—		(12,620)
Loan level interest rate floors with borrower	33		291,990		615
Loan level interest rate floors with borrower	12		100,774		—		(53)
Loan level interest rate swaps with third-party counterparties	98		599,003		—		(27,440)
Loan level interest rate swaps with third-party counterparties	87		612,610		12,620		—
Loan level interest rate floors with third-party counterparties	33		291,990		—		(615)
Loan level interest rate floors with third-party counterparties	12		100,774		53		—

Loan Level Derivative Income

	Three Months Ended
	March 31,
(In thousands)	2022		2021
Loan level derivative income	$	6	$	1,792