XML 71 R60.htm IDEA: XBRL DOCUMENT v3.23.2
DERIVATIVES AND HEDGING ACTIVITIES - Classification on Consolidated Statements of Financial Condition (Details)
3 Months Ended 6 Months Ended
Jun. 30, 2023
USD ($)
DerivativeInstrument
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
DerivativeInstrument
Jun. 30, 2022
USD ($)
Dec. 31, 2022
USD ($)
DerivativeInstrument
Cash Flow Hedges          
Collateral received against obligations in net asset position         $ 17,800,000
Not Designated as Hedging Instrument          
Cash Flow Hedges          
Loan level derivative income $ 2,437,000 $ 1,685,000 $ 5,570,000 $ 1,691,000  
Interest Rate Swaps Related to FHLBNY Advances | Designated as Hedging Instrument          
Cash Flow Hedges          
Count, assets | DerivativeInstrument 4   4   4
Notional amount, assets $ 150,000,000   $ 150,000,000   $ 150,000,000
Fair value assets $ 16,611,000   $ 16,611,000   $ 17,150,000
Loan Level Interest Rate Swaps with Borrower (Assets) | Not Designated as Hedging Instrument          
Cash Flow Hedges          
Count, assets | DerivativeInstrument 23   23   3
Notional amount, assets $ 275,552,000   $ 275,552,000   $ 53,311,000
Fair value assets $ 4,874,000   $ 4,874,000   $ 1,524,000
Loan Level Interest Rate Swaps with Borrower (Liabilities) | Not Designated as Hedging Instrument          
Cash Flow Hedges          
Count, liabilities | DerivativeInstrument 194   194   185
Notional amount, liabilities $ 1,268,977,000   $ 1,268,977,000   $ 1,214,736,000
Fair value liabilities 122,618,000   122,618,000   $ 126,751,000
Posted collateral $ 0   $ 0    
Loan level interest rate floors with borrower (liabilities) | Not Designated as Hedging Instrument          
Cash Flow Hedges          
Count, liabilities | DerivativeInstrument 33   33   40
Notional amount, liabilities $ 226,257,000   $ 226,257,000   $ 326,309,000
Fair value liabilities 3,637,000   3,637,000   9,060,000
Loan level interest rate swaps with third party counterparties (assets) | Designated as Hedging Instrument          
Cash Flow Hedges          
Posted collateral $ 0   $ 0   $ 0
Loan level interest rate swaps with third party counterparties (assets) | Not Designated as Hedging Instrument          
Cash Flow Hedges          
Count, assets | DerivativeInstrument 23   23   185
Notional amount, assets $ 275,552,000   $ 275,552,000   $ 1,214,736,000
Fair value assets         126,751,000
Fair value liabilities 4,874,000   4,874,000    
Posted collateral 0   0   0
Collateral received against obligations in net asset position $ 122,700,000   $ 122,700,000   $ 135,300,000
Loan level interest rate swaps with third party counterparties (liabilities) | Not Designated as Hedging Instrument          
Cash Flow Hedges          
Count, liabilities | DerivativeInstrument 194   194   3
Notional amount, assets $ 1,268,977,000   $ 1,268,977,000    
Notional amount, liabilities         $ 53,311,000
Fair value assets $ 122,618,000   $ 122,618,000    
Fair value liabilities         $ 1,524,000
Loan level interest rate floors with third party counterparties (assets) | Not Designated as Hedging Instrument          
Cash Flow Hedges          
Count, assets | DerivativeInstrument 33   33   40
Notional amount, assets $ 226,257,000   $ 226,257,000   $ 326,309,000
Fair value assets $ 3,637,000   $ 3,637,000   $ 9,060,000