XML 69 R60.htm IDEA: XBRL DOCUMENT v3.23.3
DERIVATIVES AND HEDGING ACTIVITIES - Classification on Consolidated Statements of Financial Condition (Details)
3 Months Ended 9 Months Ended
Sep. 30, 2023
USD ($)
DerivativeInstrument
Sep. 30, 2022
USD ($)
Sep. 30, 2023
USD ($)
DerivativeInstrument
Sep. 30, 2022
USD ($)
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 $ 783,000 $ 549,000 $ 6,353,000 $ 2,240,000  
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 $ 16,657,000   $ 16,657,000   $ 17,150,000
Loan Level Interest Rate Swaps with Borrower (Assets) | Not Designated as Hedging Instrument          
Cash Flow Hedges          
Count, assets | DerivativeInstrument 4   4   3
Notional amount, assets $ 34,050,000   $ 34,050,000   $ 53,311,000
Fair value assets $ 360,000   $ 360,000   $ 1,524,000
Loan Level Interest Rate Swaps with Borrower (Liabilities) | Not Designated as Hedging Instrument          
Cash Flow Hedges          
Count, liabilities | DerivativeInstrument 219   219   185
Notional amount, liabilities $ 1,549,816,000   $ 1,549,816,000   $ 1,214,736,000
Fair value liabilities 158,976,000   158,976,000   $ 126,751,000
Posted collateral $ 0   $ 0    
Loan level interest rate floors with borrower | Not Designated as Hedging Instrument          
Cash Flow Hedges          
Count, assets | DerivativeInstrument 3   3    
Notional amount, assets $ 17,625,000   $ 17,625,000    
Loan level interest rate floors with borrower (liabilities) | Not Designated as Hedging Instrument          
Cash Flow Hedges          
Count, liabilities | DerivativeInstrument 25   25   40
Notional amount, liabilities $ 178,032,000   $ 178,032,000   $ 326,309,000
Fair value liabilities 1,376,000   1,376,000   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         185
Count, liabilities | DerivativeInstrument 219   219    
Notional amount, assets $ 1,549,816,000   $ 1,549,816,000   $ 1,214,736,000
Fair value assets 158,976,000   158,976,000   126,751,000
Posted collateral 0   0   0
Collateral received against obligations in net asset position $ 167,600,000   $ 167,600,000   $ 135,300,000
Loan level interest rate swaps with third party counterparties (liabilities) | Not Designated as Hedging Instrument          
Cash Flow Hedges          
Count, assets | DerivativeInstrument 4   4    
Count, liabilities | DerivativeInstrument         3
Notional amount, assets $ 34,050,000   $ 34,050,000    
Notional amount, liabilities         $ 53,311,000
Fair value liabilities $ 360,000   $ 360,000   $ 1,524,000
Loan level interest rate floors with third party counterparties (assets) | Not Designated as Hedging Instrument          
Cash Flow Hedges          
Count, assets | DerivativeInstrument         40
Notional amount, assets         $ 326,309,000
Fair value assets         $ 9,060,000
Loan level interest rate floors with third party counterparties | Not Designated as Hedging Instrument          
Cash Flow Hedges          
Count, liabilities | DerivativeInstrument 3   3    
Notional amount, assets $ 17,625,000   $ 17,625,000    
Loan level interest rate floors with third party counterparties (liabilities) | Not Designated as Hedging Instrument          
Cash Flow Hedges          
Count, liabilities | DerivativeInstrument 25   25    
Notional amount, assets $ 178,032,000   $ 178,032,000    
Fair value assets $ 1,376,000   $ 1,376,000