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FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value Assets Measured on a Recurring Basis

The following table presents our financial assets and liabilities measured at fair value on a recurring basis as of the dates indicated:

												Fair Value Measurement Level
($ in thousands)						Carrying Value						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
December 31, 2022
Assets
Securities available-for-sale:
SBA loan pools securities						$	11,187					$	—					$	11,187					$	—
U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities						40,206						—						40,206						—
U.S. government agency and U.S. government sponsored enterprise collateralized mortgage obligations						93,191						—						93,191						—
Non-agency residential mortgage-backed securities						80,492						—						80,492						—
Collateralized loan obligations						476,603						—						476,603						—
Corporate debt securities						166,618						—						166,618						—
Derivative assets:
Interest rate swaps and foreign exchange contracts (1)						2,292						—						2,292						—
Liabilities
Derivative liabilities:
Interest rate swaps and foreign exchange contracts (2)						2,251						—						2,251						—
December 31, 2021
Assets
Securities available-for-sale:
SBA loan pools securities						$	14,591					$	—					$	14,591					$	—
U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities						191,969						$	—					191,969						$	—
U.S. government agency and U.S. government sponsored enterprise collateralized mortgage obligations						241,541						—						241,541						—
Municipal securities						119,015						—						119,015						—
Non-agency residential mortgage-backed securities						56,025						—						56,025						—
Collateralized loan obligations						518,964						—						518,964						—
Corporate debt securities						173,598						—						173,598						—
Derivative assets:
Interest rate swaps and foreign exchange contracts (1)						3,565						—						3,565						—
Liabilities
Derivative liabilities:
Interest rate swaps and foreign exchange contracts (2)						3,740						—						3,740						—

(1)Included in other assets in the consolidated statements of financial condition.

(2)Included in accrued expenses and other liabilities in the consolidated statements of financial condition.

Schedule of Fair Value Liabilities Measured on a Recurring Basis

The following table presents our financial assets and liabilities measured at fair value on a recurring basis as of the dates indicated:

												Fair Value Measurement Level
($ in thousands)						Carrying Value						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
December 31, 2022
Assets
Securities available-for-sale:
SBA loan pools securities						$	11,187					$	—					$	11,187					$	—
U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities						40,206						—						40,206						—
U.S. government agency and U.S. government sponsored enterprise collateralized mortgage obligations						93,191						—						93,191						—
Non-agency residential mortgage-backed securities						80,492						—						80,492						—
Collateralized loan obligations						476,603						—						476,603						—
Corporate debt securities						166,618						—						166,618						—
Derivative assets:
Interest rate swaps and foreign exchange contracts (1)						2,292						—						2,292						—
Liabilities
Derivative liabilities:
Interest rate swaps and foreign exchange contracts (2)						2,251						—						2,251						—
December 31, 2021
Assets
Securities available-for-sale:
SBA loan pools securities						$	14,591					$	—					$	14,591					$	—
U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities						191,969						$	—					191,969						$	—
U.S. government agency and U.S. government sponsored enterprise collateralized mortgage obligations						241,541						—						241,541						—
Municipal securities						119,015						—						119,015						—
Non-agency residential mortgage-backed securities						56,025						—						56,025						—
Collateralized loan obligations						518,964						—						518,964						—
Corporate debt securities						173,598						—						173,598						—
Derivative assets:
Interest rate swaps and foreign exchange contracts (1)						3,565						—						3,565						—
Liabilities
Derivative liabilities:
Interest rate swaps and foreign exchange contracts (2)						3,740						—						3,740						—

(1)Included in other assets in the consolidated statements of financial condition.

(2)Included in accrued expenses and other liabilities in the consolidated statements of financial condition.

Schedule of Assets and Liabilities Measured on Non-recurring Basis

The following table presents our financial assets and liabilities measured at fair value on a non-recurring basis as of the dates indicated:

												Fair Value Measurement Level
($ in thousands)						Fair Value						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
December 31, 2022
Assets
Collateral dependent loans:
Single family residential mortgage						$	3,600					$	—					$	—					$	3,600
Commercial and industrial						7,115						—						—						7,115
SBA						3,704						—						—						3,704
December 31, 2021
Assets
Collateral dependent loans:
Commercial and industrial						12,272						—						—						12,272
SBA						3,886						—						—						3,886

Schedule of Gains and (Losses) Recognized on Assets Measured at Fair Value on Non-recurring Basis

The following table presents the gains (losses) recognized on assets measured at fair value on a non-recurring basis for the periods indicated:

						Year Ended December 31,
($ in thousands)						2022						2021						2020
Collateral dependent loans:
Single family residential mortgage						$	(340)					$	(532)					$	(169)
Commercial and industrial						(2,928)						(1,491)						(10,292)
Commercial real estate						—						(555)						—
SBA						(203)						(1,888)						(2,052)
Other consumer						(243)						—						—

Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments

The following table presents the carrying amounts and estimated fair values of financial assets and liabilities as of the dates indicated:

						Carrying Amount						Fair Value Measurement Level
($ in thousands)												Level 1						Level 2						Level 3						Total
December 31, 2022
Financial assets
Cash and cash equivalents						$	228,896					$	228,896					$	—					$	—					$	228,896
Securities held-to-maturity						328,641						—						262,460						—						262,460
Securities available-for-sale						868,297						—						868,297						—						868,297
Loans receivable, net of allowance for credit losses						7,029,078						—						—						6,526,916						6,526,916
Federal Home Loan Bank and other bank stock						57,092						—						57,092						—						57,092
Accrued interest receivable						37,942						37,942						—						—						37,942
Derivative assets						2,292						—						2,292						—						2,292
Financial liabilities
Deposits						7,120,921						5,931,500						1,175,857						—						7,107,357
Advances from Federal Home Loan Bank						727,348						—						699,730						—						699,730
Long-term debt						274,906						—						269,673						—						269,673
Derivative liabilities						2,251						—						2,251						—						2,251
Accrued interest payable						7,004						7,004						—						—						7,004
December 31, 2021
Financial assets
Cash and cash equivalents						$	228,123					$	228,123					$	—					$	—					$	228,123
Securities available-for-sale						1,315,703						—						1,315,703						—						1,315,703
Loans receivable, net of allowance for credit losses						7,158,896						—						—						7,150,703						7,150,703
Federal Home Loan Bank and other bank stock						44,632						—						44,632						—						44,632
Accrued interest receivable						30,991						30,991						—						—						30,991
Derivative assets						3,565						—						3,565						—						3,565
Financial liabilities
Deposits						7,439,435						6,932,717						506,711						—						7,439,428
Advances from Federal Home Loan Bank						476,059						—						500,323						—						500,323
Other borrowings						25,000						—						25,000						—						25,000
Long-term debt						274,386						—						294,404						—						294,404
Derivative liabilities						3,740						—						3,740						—						3,740
Accrued interest payable						3,546						3,546						—						—						3,546

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