FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2023

FAIR VALUE OF FINANCIAL INSTRUMENTS

Fair value, assets and liabilities measured on recurring basis

			Fair Value Measurements
			at March 31, 2023 Using
			Level 1		Level 2		Level 3
(In thousands)	Total		Inputs		Inputs		Inputs
Financial Assets:
Securities available-for-sale:
Agency notes	$	9,291	$	—	$	9,291	$	—
Treasury securities		230,431		—		230,431		—
Corporate securities		143,882		—		143,882		—
Pass-through MBS issued by GSEs		235,074		—		235,074		—
Agency CMOs		278,394		—		278,394		—
State and municipal obligations		29,740		—		29,740		—
Derivative – cash flow hedges		14,726		—		14,726		—
Derivative – freestanding derivatives, net		115,568		—		115,568		—
Financial Liabilities:
Derivative – freestanding derivatives, net		115,568		—		115,568		—

			Fair Value Measurements
			at December 31, 2022 Using
			Level 1		Level 2		Level 3
(In thousands)	Total		Inputs		Inputs		Inputs
Financial Assets:
Securities available-for-sale:
Treasury securities	$	227,256	$	—	$	227,256	$	—
Corporate securities		166,773		—		166,773		—
Pass-through MBS issued by GSEs		241,240		—		241,240		—
Agency CMOs		281,339		—		281,339		—
State and municipal obligations		33,979		—		33,979		—
Derivative – cash flow hedges		17,150		—		17,150		—
Derivative – freestanding derivatives, net		137,335		—		137,335		—
Financial Liabilities:
Derivative – freestanding derivatives, net		137,335		—		137,335		—

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

	March 31, 2023
				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	$	1,945	$	—	$	—	$	1,945

	December 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

Fair value measurements, nonrecurring

			Fair Value Measurements
			at March 31, 2023 Using
	Carrying		Level 1		Level 2		Level 3
(In thousands)	Amount		Inputs		Inputs		Inputs		Total
Financial Assets:
Cash and due from banks	$	663,132	$	663,132	$	—	$	—	$	663,132
Securities held-to-maturity		605,642		—		532,572		—		532,572
Loans held for investment, net		10,651,565		—		—		10,123,743		10,123,743
Accrued interest receivable		49,926		—		5,505		44,421		49,926
Financial Liabilities:
Savings, money market and checking accounts		9,050,968		9,050,968		—		—		9,050,968
Certificates of Deposits ("CDs")		1,519,267		—		1,503,948		—		1,503,948
FHLBNY advances		1,498,000		—		1,502,366		—		1,502,366
Subordinated debt, net		200,261		—		164,461		—		164,461
Other short-term borrowings		2,068		2,068		—		—		2,068
Accrued interest payable		12,842		—		12,842		—		12,842

			Fair Value Measurements
			at December 31, 2022 Using
	Carrying		Level 1		Level 2		Level 3
(In thousands)	Amount		Inputs		Inputs		Inputs		Total
Financial Assets:
Cash and due from banks	$	169,297	$	169,297	$	—	$	—	$	169,297
Securities held-to-maturity		585,798		—		505,759		—		505,759
Loans held for investment, net		10,482,145		—		—		10,005,121		10,005,121
Accrued interest receivable		48,561		—		6,105		42,456		48,561
Financial Liabilities:
Savings, money market and checking accounts		9,139,043		9,139,043		—		—		9,139,043
CDs		1,115,364		—		1,096,808		—		1,096,808
FHLBNY advances		1,131,000		—		1,131,217		—		1,131,217
Subordinated debt, net		200,283		—		180,583		—		180,583
Other short-term borrowings		1,360		1,360		—		—		1,360
Accrued interest payable		5,323		—		5,323		—		5,323