FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2022

FAIR VALUE OF FINANCIAL INSTRUMENTS

Fair value, assets and liabilities measured on recurring basis

			Fair Value Measurements
			at September 30, 2022 Using
			Level 1		Level 2		Level 3
(In thousands)	Total		Inputs		Inputs		Inputs
Financial Assets:
Securities available-for-sale:
Treasury securities	$	225,925	$	—	$	225,925	$	—
Corporate securities		157,032		—		157,032		—
Pass-through MBS issued by GSEs		252,655		—		252,655		—
Agency CMOs		293,717		—		293,717		—
State and municipal obligations		33,598		—		33,598		—
Derivative – cash flow hedges		18,336		—		18,336		—
Derivative – freestanding derivatives, net		144,343		—		144,343		—
Financial Liabilities:
Derivative – freestanding derivatives, net		144,343		—		144,343		—

			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

	September 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	$	1,453	$	—	$	—	$	1,453

	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 September 30, 2022 Using
	Carrying		Level 1		Level 2		Level 3
(In thousands)	Amount		Inputs		Inputs		Inputs		Total
Financial Assets:
Cash and due from banks	$	312,996	$	312,996	$	—	$	—	$	312,996
Securities held-to-maturity		591,403		—		511,054		—		511,054
Loans held for investment, net		10,033,553		—		—		9,594,094		9,594,094
Accrued interest receivable		41,567		—		4,971		36,596		41,567
Financial Liabilities:
Savings, money market and checking accounts		9,557,896		9,557,896		—		—		9,557,896
Certificates of Deposits ("CDs")		930,774		—		922,132		—		922,132
FHLBNY advances		620,000		—		619,993		—		619,993
Subordinated debt, net		200,305		—		184,305		—		184,305
Other short-term borrowings		2,124		2,124		—		—		2,124
Accrued interest payable		4,548		—		4,548		—		4,548

			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