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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Reported on Consolidated Statements of Financial Condition at Fair Values
The following tables present the assets and liabilities reported on the consolidated statements of financial condition at their fair value as of December 31, 2024 and 2023, by level within the fair value hierarchy (in thousands):
  Fair Value Measurements at Reporting Date Using:
 December 31, 2024
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable
Inputs (Level 2)
Significant
Unobservable
Inputs
(Level 3)
Measured on a recurring basis:
Available for sale debt securities:
U.S. Treasury obligations$330,598 330,598 — — 
Government-agency obligations107,235 — 107,235 — 
Mortgage-backed securities2,062,159 — 2,062,159 — 
Asset-backed securities 47,563 — 47,563 — 
State and municipal obligations116,917 — 116,917 — 
Corporate obligations104,443 — 104,443 — 
Total available for sale debt securities$2,768,915 330,598 2,438,317 — 
Equity Securities19,110 19,110 — — 
Derivative assets188,940 — 188,940 — 
$2,976,965 349,708 2,627,257 — 
Derivative liabilities$172,601 — 172,601 — 
Measured on a non-recurring basis:
Loans measured for impairment based on the fair value of the underlying collateral$11,023 — — 11,023 
Foreclosed assets9,473 — — 9,473 
$20,496 — — 20,496 
  Fair Value Measurements at Reporting Date Using:
 December 31, 2023
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable
Inputs (Level 2)
Significant
Unobservable
Inputs
(Level 3)
Measured on a recurring basis:
Available for sale debt securities:
U.S. Treasury obligations$253,878 253,878 — — 
Agency obligations27,498 — 27,498 — 
Mortgage-backed securities1,285,609 — 1,285,609 — 
Asset-backed securities32,235 — 32,235 — 
State and municipal obligations56,584 — 56,584 — 
Corporate obligations34,308 — 34,308 — 
Total available for sale debt securities$1,690,112 253,878 1,436,234 — 
Equity Securities1,270 1,270 — — 
Derivative assets101,754 — 101,754 — 
$1,793,136 255,148 1,537,988 — 
Derivative liabilities$88,835 — 88,835 — 
Measured on a non-recurring basis:
Loans measured for impairment based on the fair value of the underlying collateral$24,139 — — 24,139 
Foreclosed assets11,651 — — 11,651 
$35,790 — — 35,790 
Schedule of Financial Instruments at Carrying and Fair Values
The following tables present the Company’s financial instruments at their carrying and fair values as of December 31, 2024 and December 31, 2023. Fair values are presented by level within the fair value hierarchy:
  Fair Value Measurements as of December 31, 2024 Using:
(Dollars in thousands)
Carrying
value
Fair
value
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Financial assets:
Cash and cash equivalents$205,939 205,939 205,939 — — 
Available for sale debt securities:
U.S. Treasury obligations330,598 330,598 330,598 — — 
Government-agency obligations107,235 107,235 — 107,235 — 
Mortgage-backed securities2,062,159 2,062,159 — 2,062,159 — 
Asset-backed securities 47,563 47,563 — 47,563 — 
State and municipal obligations116,917 116,917 — 116,917 — 
Corporate obligations104,443 104,443 — 104,443 — 
Total available for sale debt securities$2,768,915 2,768,915 330,598 2,438,317 — 
Held to maturity debt securities, net of allowance for credit losses:
Government-agency obligations$9,999 9,707 — 9,707 — 
State and municipal obligations311,106 297,674 — 297,674 — 
Corporate obligations6,518 6,352 — 6,352 — 
Total held to maturity debt securities, net of allowance for credit losses$327,623 313,733 — 313,733 — 
FHLBNY and other stock112,767 112,767 112,767 — — 
Equity Securities19,110 19,110 19,110 — — 
Loans, net of allowance for credit losses18,628,391 18,442,167 — — 18,442,167 
Derivative assets188,940 188,940 — 188,940 — 
Financial liabilities:
Deposits other than certificates of deposits$15,455,658 15,455,658 15,455,658 — — 
Certificates of deposit3,168,155 3,168,216 — 3,168,216 — 
Total deposits$18,623,813 18,623,874 15,455,658 3,168,216 — 
Borrowings2,020,435 2,017,013 — 2,017,013 — 
Subordinated Debentures401,608 423,675 — 423,675 — 
Derivative liabilities172,601 172,601 — 172,601 — 
  Fair Value Measurements as of December 31, 2023 Using:
(Dollars in thousands)
Carrying
value
Fair
value
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Financial assets:
Cash and cash equivalents$180,255 180,255 180,255 — — 
Available for sale debt securities:
U.S. Treasury obligations253,878 253,878 253,878 — — 
Government-agency obligations27,498 27,498 — 27,498 — 
Mortgage-backed securities1,285,609 1,285,609 — 1,285,609 — 
Asset-backed securities32,235 32,235 — 32,235 — 
State and municipal obligations56,584 56,584 — 56,584 — 
Corporate obligations34,308 34,308 — 34,308 — 
Total available for sale debt securities$1,690,112 1,690,112 253,878 1,436,234 — 
Held to maturity debt securities:
US Treasury obligations$5,146 5,146 5,146 — — 
Government-agency obligations11,058 10,406 10,406 — — 
State and municipal obligations339,789 330,360 — 330,360 — 
Corporate obligations7,087 6,688 — 6,688 — 
Total held to maturity debt securities, net of allowance for credit losses$363,080 352,600 15,552 337,048 — 
FHLBNY stock79,217 79,217 79,217 — — 
Equity Securities1,270 1,270 1,270 — — 
Loans, net of allowance for credit losses10,766,501 10,437,204 — — 10,437,204 
Derivative assets101,754 101,754 — 101,754 — 
Financial liabilities:
Deposits other than certificates of deposits$9,196,572 9,196,572 9,196,572 — — 
Certificates of deposit1,095,942 1,093,125 — 1,093,125 — 
Total deposits$10,292,514 10,289,697 9,196,572 1,093,125 — 
Borrowings1,970,033 1,960,174 — 1,960,174 — 
Subordinated Debentures10,695 9,198 — 9,198 — 
Derivative liabilities88,835 88,835 — 88,835 —