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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Financial Instruments, by Balance Sheet Grouping
The following table presents estimated fair values of the Company’s financial instruments as of September 30, 2021 and December 31, 2020, whether or not measured at fair value in the Consolidated Statements of Financial Condition (dollars in thousands):
 September 30, 2021December 31, 2020
 LevelCarrying
Value		Estimated
Fair Value		Carrying
Value		Estimated
Fair Value
Assets:    
Cash and cash equivalents1$2,200,582 $2,200,582 $1,234,183 $1,234,183 
Securities—trading326,875 26,875 24,980 24,980 
Securities—available-for-sale23,446,575 3,446,575 2,322,593 2,322,593 
Securities—held-to-maturity2445,499 463,913 410,038 436,882 
Securities—held-to-maturity32,313 2,089 11,769 11,799 
Securities purchased under agreements to resell2300,000 300,000 — — 
Loans held for sale263,678 64,245 243,795 245,667 
Loans receivable39,218,384 9,271,840 9,870,982 9,810,293 
FHLB stock312,000 12,000 16,358 16,358 
Bank-owned life insurance1192,950 192,950 191,830 191,830 
Mortgage servicing rights315,753 22,814 15,223 18,084 
Derivatives:
Interest rate swaps
225,627 25,627 39,066 39,066 
Interest rate lock and forward sales commitments
2,32,309 2,309 5,641 5,641 
Liabilities:    
Demand, interest checking and money market accounts210,539,628 10,539,628 9,253,494 9,253,494 
Regular savings22,773,995 2,773,995 2,398,482 2,398,482 
Certificates of deposit2851,054 851,780 915,320 919,920 
FHLB advances250,000 50,629 150,000 152,779 
Other borrowings2247,358 247,358 184,785 184,785 
Subordinated notes, net298,472 105,875 98,201 98,201 
Junior subordinated debentures3124,853 124,853 116,974 116,974 
Derivatives:
Interest rate swaps
215,550 15,550 22,336 22,336 
Interest rate lock and forward sales commitments
2136 136 1,755 1,755 
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables present financial assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy of the fair value measurements for those assets and liabilities as of September 30, 2021 and December 31, 2020 (in thousands):
 September 30, 2021
 Level 1Level 2Level 3Total
Assets:    
Securities—trading    
Corporate bonds (Trust Preferred Securities)$— $— $26,875 $26,875 
Securities—available-for-sale    
U.S. Government and agency obligations— 181,052 — 181,052 
Municipal bonds— 310,391 — 310,391 
Corporate bonds— 164,244 — 164,244 
Mortgage-backed or related securities— 2,584,264 — 2,584,264 
Asset-backed securities— 206,624 — 206,624 
 — 3,446,575 — 3,446,575 
Loans held for sale— 41,480 — 41,480 
Derivatives    
Interest rate swaps— 25,627 — 25,627 
Interest rate lock and forward sales commitments— 914 1,395 2,309 
$— $3,514,596 $28,270 $3,542,866 
Liabilities:    
Junior subordinated debentures
$— $— $124,853 $124,853 
Derivatives    
Interest rate swaps— 15,550 — 15,550 
Interest rate lock and forward sales commitments— 136 — 136 
 $— $15,686 $124,853 $140,539 
 December 31, 2020
 Level 1Level 2Level 3Total
Assets:    
Securities—trading    
Corporate bonds (Trust Preferred Securities)$— $— $24,980 $24,980 
Securities—available-for-sale    
U.S. Government and agency obligations— 141,735 — 141,735 
Municipal bonds— 303,518 — 303,518 
Corporate bonds— 221,769 — 221,769 
Mortgage-backed securities— 1,646,152 — 1,646,152 
Asset-backed securities— 9,419 — 9,419 
 — 2,322,593 — 2,322,593 
Loans held for sale— 133,554 — 133,554 
Derivatives    
Interest rate swaps— 39,066 — 39,066 
Interest rate lock and forward sales commitments— 420 5,221 5,641 
 $— $2,495,633 $30,201 $2,525,834 
Liabilities:    
Junior subordinated debentures, net of unamortized deferred issuance costs
$— $— $116,974 $116,974 
Derivatives    
Interest rate swaps— 22,336 — 22,336 
Interest rate lock and forward sales commitments— 1,755 — 1,755 
 $— $24,091 $116,974 $141,065 
Schedule of Valuation Technique, Unobservable Input, and Qualitative Information for Unobservable Inputs
The following table provides a description of the valuation technique, unobservable inputs, and qualitative information about the unobservable inputs for certain of the Company’s assets and liabilities classified as Level 3 and measured at fair value on a recurring and non-recurring basis at September 30, 2021 and December 31, 2020:
Weighted Average Rate / Range
Financial InstrumentsValuation TechniquesUnobservable InputsSeptember 30, 2021December 31, 2020
Corporate bonds (TPS securities)Discounted cash flowsDiscount rate3.63 %4.24 %
Junior subordinated debenturesDiscounted cash flowsDiscount rate3.63 %4.24 %
Loans individually evaluatedCollateral valuationsDiscount to appraised value
8.5% to 20.0%
0.0% to 20.0%
REOAppraisalsDiscount to appraised value60.91 %51.86 %
Interest rate lock commitmentsPricing modelPull-through rate86.43 %86.35 %
Schedule of Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following tables provide a reconciliation of the assets and liabilities measured at fair value using significant unobservable inputs (Level 3) on a recurring basis during the three and nine months ended September 30, 2021 and 2020 (in thousands):
Three Months EndedNine Months Ended
September 30, 2021September 30, 2021
 Level 3 Fair Value InputsLevel 3 Fair Value Inputs
 TPS SecuritiesBorrowings—Junior Subordinated DebenturesInterest Rate Lock CommitmentsTPS SecuritiesBorrowings—
Junior
Subordinated
Debentures		Interest rate lock and forward sales commitments
Beginning balance$25,097 $117,520 $2,574 $24,980 $116,974 $5,221 
Total gains or losses recognized    
Assets gains (losses)1,778 — (1,179)1,895 — (3,826)
Liabilities losses— 7,333 — 7,879 — 
Ending balance at September 30, 2021$26,875 $124,853 $1,395 $26,875 $124,853 $1,395 
Three Months EndedNine Months Ended
September 30, 2020September 30, 2020
 Level 3 Fair Value InputsLevel 3 Fair Value Inputs
 TPS SecuritiesBorrowings—Junior Subordinated DebenturesInterest Rate Lock CommitmentsTPS SecuritiesBorrowings—
Junior
Subordinated
Debentures		Interest rate lock and forward sales commitments
Beginning balance$23,239 $109,613 $5,816 $25,636 $119,304 $791 
Total gains or losses recognized    
Assets (losses) gains37 — 2,638 (2,360)— 7,663 
Liabilities gains— 208 — — (9,483)— 
Ending balance at September 30, 2020$23,276 $109,821 $8,454 $23,276 $109,821 $8,454 
Schedule of Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
The following tables present financial assets measured at fair value on a non-recurring basis and the level within the fair value hierarchy of the fair value measurements for those assets as of September 30, 2021 and December 31, 2020 (in thousands):
 September 30, 2021
 Level 1Level 2Level 3Total
Loans individually evaluated$— $— $3,054 $3,054 
REO— — 852 852 
 December 31, 2020
 Level 1Level 2Level 3Total
Loans individually evaluated$— $— $3,482 $3,482 
REO— — 816 816 
The following table presents the losses resulting from non-recurring fair value adjustments for the three and nine months ended September 30, 2021 and 2020 (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
Loans individually evaluated$— $(492)$(303)$(2,492)
REO— — — — 
Total loss from non-recurring measurements$— $(492)$(303)$(2,492)