FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2022

FAIR VALUE OF FINANCIAL INSTRUMENTS

Fair value, assets and liabilities measured on recurring basis

			Fair Value Measurements
			at March 31, 2022 Using
			Level 1		Level 2		Level 3
(In thousands)	Total		Inputs		Inputs		Inputs
Financial Assets:
Securities available-for-sale:
Treasury securities	$	234,531	$	—	$	234,531	$	—
Corporate securities		147,425		—		147,425		—
Pass-through MBS issued by GSEs		418,116		—		418,116		—
Agency CMOs		440,183		—		440,183		—
State and municipal obligations		36,781		—		36,781		—
Derivative – cash flow hedges		11,240		—		11,240		—
Derivative – freestanding derivatives, net		60,586		—		60,586		—
Financial Liabilities:
Derivative – freestanding derivatives, net		60,586		—		60,586		—

			Fair Value Measurements
			at December 31, 2021 Using
			Level 1		Level 2		Level 3
(In thousands)	Total		Inputs		Inputs		Inputs
Financial Assets:
Securities available-for-sale:
Agency notes	$	80,254	$	—	$	80,254	$	—
Treasury securities		244,769		—		244,769		—
Corporate securities		152,030		—		152,030		—
Pass-through MBS issued by GSEs		526,454		—		526,454		—
Agency CMOs		521,258		—		521,258		—
State and municipal obligations		38,946		—		38,946		—
Derivative – cash flow hedges		4,358		—		4,358		—
Derivative – freestanding derivatives, net		40,728		—		40,728		—
Financial Liabilities:
Derivative – freestanding derivatives, net		40,728		—		40,728		—

Schedule of assets measured at fair value on a non-recurring basis

	March 31, 2022
				Fair Value Measurements Using:
			Quoted Prices
			In Active			Significant
			Markets for			Other	Significant
			Identical			Observable	Unobservable
	Carrying		Assets			Inputs	Inputs
(In thousands)	Value		(Level 1)			(Level 2)	(Level 3)
Individually evaluated loans	$	1,179	$	—	$	—	$	1,179

	December 31, 2021
				Fair Value Measurements Using:
				Quoted Prices
				In Active		Significant
				Markets for		Other	Significant
				Identical		Observable	Unobservable
	Carrying			Assets		Inputs	Inputs
(In thousands)	Value			(Level 1)		(Level 2)	(Level 3)
Individually evaluated loans	$	1,900	$	—	$	—	$	1,900

Fair value measurements, nonrecurring

			Fair Value Measurements
			at March 31, 2022 Using
	Carrying		Level 1		Level 2		Level 3
(In thousands)	Amount		Inputs		Inputs		Inputs		Total
Financial Assets:
Cash and due from banks	$	432,994	$	432,994	$	—	$	—	$	432,994
Securities held-to-maturity		383,922		—		358,689		—		358,689
Loans held for investment, net		9,169,055		—		—		9,095,834		9,095,834
Accrued interest receivable		38,456		—		4,483		33,973		38,456
Financial Liabilities:
Savings, money market and checking accounts		9,648,328		9,648,328		—		—		9,648,328
Certificates of Deposits ("CDs")		781,775		—		782,385		—		782,385
FHLBNY advances		50,000		—		50,039		—		50,039
Subordinated debt, net		197,050		—		198,650		—		198,650
Other short-term borrowings		2,853		2,853		—		—		2,853
Accrued interest payable		1,611		—		1,611		—		1,611

			Fair Value Measurements
			at December 31, 2021 Using
	Carrying		Level 1		Level 2		Level 3
(In thousands)	Amount		Inputs		Inputs		Inputs		Total
Financial Assets:
Cash and due from banks	$	393,722	$	393,722	$	—	$	—	$	393,722
Securities held-to-maturity		179,309		—		177,354		—		177,354
Loans held for investment, net		9,158,908		—		—		9,169,872		9,169,872
Accrued interest receivable		40,149		—		4,481		35,668		40,149
Financial Liabilities:
Savings, money market and checking accounts		9,605,731		9,605,731		—		—		9,605,731
CDs		853,242		—		857,342		—		857,342
FHLBNY advances		25,000		—		25,014		—		25,014
Subordinated debt, net		197,096		—		202,334		—		202,334
Other short-term borrowings		1,862		1,862		—		—		1,862
Accrued interest payable		870		—		870		—		870