FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2024

FAIR VALUE OF FINANCIAL INSTRUMENTS

Schedule of fair value, assets and liabilities measured on recurring basis

			Fair Value Measurements
			at March 31, 2024 Using
			Level 1		Level 2		Level 3
(In thousands)	Total		Inputs		Inputs		Inputs
Financial Assets:
Securities available-for-sale:
Agency notes	$	9,409	$	—	$	9,409	$	—
Treasury securities		228,171		—		228,171		—
Corporate securities		150,245		—		150,245		—
Pass-through MBS issued by GSEs		195,876		—		195,876		—
Agency CMOs		249,840		—		249,840		—
State and municipal obligations		25,675		—		25,675		—
Derivative – cash flow hedges		13,107		—		13,107		—
Derivative – freestanding derivatives, net		122,055		—		122,055		—
Financial Liabilities:
Derivative – fair value hedges		1,353		—		1,353		—
Derivative – cash flow hedges		1,067		—		1,067		—
Derivative – freestanding derivatives, net		122,055		—		122,055		—

			Fair Value Measurements
			at December 31, 2023 Using
			Level 1		Level 2		Level 3
(In thousands)	Total		Inputs		Inputs		Inputs
Financial Assets:
Securities available-for-sale:
Agency Notes	$	9,371	$	—	$	9,371	$
Treasury securities		234,190		—		234,190		—
Corporate securities		151,170		—		151,170		—
Pass-through MBS issued by GSEs		205,285		—		205,285		—
Agency CMOs		259,415		—		259,415		—
State and municipal obligations		26,809		—		26,809		—
Derivative – cash flow hedges		7,461		—		7,461		—
Derivative – freestanding derivatives, net		114,671		—		114,671		—
Financial Liabilities:
Derivative – fair value hedge		6,594		—		6,594		—
Derivative – freestanding derivatives, net		114,671		—		114,671		—

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

	March 31, 2024
				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	$	854	$	—	$	—	$	854

	December 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	$	6,336	$	—	$	—	$	6,336

Schedule of fair value measurements, nonrecurring

			Fair Value Measurements
			at March 31, 2024 Using
	Carrying		Level 1		Level 2		Level 3
(In thousands)	Amount		Inputs		Inputs		Inputs		Total
Financial Assets:
Cash and due from banks	$	370,852	$	370,852	$	—	$	—	$	370,852
Securities held-to-maturity		589,331		—		504,718		—		504,718
Loans held for investment, net		10,687,661		—		—		10,158,385		10,158,385
Accrued interest receivable		55,369		—		5,798		49,571		55,369
Financial Liabilities:
Savings, money market and checking accounts (1)		9,343,720		9,343,720		—		—		9,343,720
Certificates of Deposits ("CDs")		1,555,157		—		1,550,668		—		1,550,668
FHLBNY advances		773,000		—		772,467		—		772,467
Subordinated debt, net		200,174		—		157,374		—		157,374
Accrued interest payable		20,121		—		20,121		—		20,121

⁽¹⁾ Includes mortgage escrow deposits.

			Fair Value Measurements
			at December 31, 2023 Using
	Carrying		Level 1		Level 2		Level 3
(In thousands)	Amount		Inputs		Inputs		Inputs		Total
Financial Assets:
Cash and due from banks	$	457,547	$	457,547	$	—	$	—	$	457,547
Securities held-to-maturity		594,639		—		516,930		—		516,930
Loans held for investment, net		10,695,349		—		—		10,305,026		10,305,026
Accrued interest receivable		55,666		—		6,593		49,073		55,666
Financial Liabilities:
Savings, money market and checking accounts (1)		8,922,972		8,922,972		—		—		8,922,972
CDs		1,607,683		—		1,602,087		—		1,602,087
FHLBNY advances		1,313,000		—		1,312,940		—		1,312,940
Subordinated debt, net		200,196		—		160,696		—		160,696
Accrued interest payable		17,298		—		17,298		—		17,298