FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2022

FAIR VALUE OF FINANCIAL INSTRUMENTS

Fair value, assets and liabilities measured on recurring basis

			Fair Value Measurements
			at June 30, 2022 Using
			Level 1		Level 2		Level 3
(In thousands)	Total		Inputs		Inputs		Inputs
Financial Assets:
Securities available-for-sale:
Treasury securities	$	231,880	$	—	$	231,880	$	—
Corporate securities		141,196		—		141,196		—
Pass-through MBS issued by GSEs		277,642		—		277,642		—
Agency CMOs		321,881		—		321,881		—
State and municipal obligations		35,158		—		35,158		—
Derivative – cash flow hedges		13,497		—		13,497		—
Derivative – freestanding derivatives, net		93,420		—		93,420		—
Financial Liabilities:
Derivative – freestanding derivatives, net		93,420		—		93,420		—

			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

	June 30, 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 June 30, 2022 Using
	Carrying		Level 1		Level 2		Level 3
(In thousands)	Amount		Inputs		Inputs		Inputs		Total
Financial Assets:
Cash and due from banks	$	281,487	$	281,487	$	—	$	—	$	281,487
Securities held-to-maturity		579,965		—		531,870		—		531,870
Loans held for investment, net		9,580,302		—		—		9,423,799		9,423,799
Accrued interest receivable		38,382		—		4,557		33,825		38,382
Financial Liabilities:
Savings, money market and checking accounts		9,606,689		9,606,689		—		—		9,606,689
Certificates of Deposits ("CDs")		959,312		—		952,339		—		952,339
FHLBNY advances		100,000		—		99,933		—		99,933
Subordinated debt, net		200,327		—		194,127		—		194,127
Other short-term borrowings		2,162		2,162		—		—		2,162
Accrued interest payable		2,184		—		2,184		—		2,184

			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