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DERIVATIVES AND HEDGING (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

As of December 31, 2022 and December 31, 2021, the notional values or contractual amounts and fair values of the Company’s derivatives were as follows (in thousands):

			Asset Derivatives																								Liability Derivatives
			December 31, 2022												December 31, 2021												December 31, 2022												December 31, 2021
			Notional/ Contract Amount						Fair Value (1)						Notional/ Contract Amount						Fair Value (1)						Notional/ Contract Amount						Fair Value (2)						Notional/ Contract Amount						Fair Value (2)
Hedged interest rate swaps			$	—					$	—					$	—					$	—					$	400,000					$	26,485					$	400,000					$	279
Interest rate swaps not designated in hedge relationships			440,731						37,119						551,606						20,826						440,731						37,150						551,606						11,336
Less: Master netting agreements									(17,780)																								(17,780)
Less: Cash settlements									—																								(8,705)
Net interest rate swaps									19,339																								37,150
Risk participation agreements			1,283						—						—						—						47,283						67						—						—
Mortgage loan commitments			15,920						81						87,986						1,467						12,367						42						26,329						66
Forward sales contracts			16,568						61						56,086						88						3,000						76						98,500						74
Total			$	474,502					$	19,481					$	695,678					$	22,381					$	503,381					$	37,335					$	676,435					$	11,476

(1)    Included in Other assets on the Consolidated Statements of Financial Condition.

(2)    Included in Accrued expenses and other liabilities on the Consolidated Statements of Financial Condition.

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The following table presents the effect of cash flow hedge accounting on AOCI for the years ended December 31, 2022 and December 31, 2021 (in thousands):

			For the Year Ended December 31, 2022
			Amount of Gain or (Loss) Recognized in AOCI on Derivative						Amount of Gain or (Loss) Recognized in AOCI Included Component						Amount of Gain or (Loss) Recognized in AOCI Excluded Component						Location of Gain or (Loss) Recognized from AOCI into Income						Amount of Gain or (Loss) Reclassified from AOCI into Income						Amount of Gain or (Loss) Reclassified from AOCI into Income Included Component						Amount of Gain or (Loss) Reclassified from AOCI into Income Excluded Component
Interest rate swaps			$	(28,418)					$	(28,418)					$	—					Interest Income						$	(3,195)					$	(3,195)					$	—

			For the Year Ended December 31, 2021
			Amount of Gain or (Loss) Recognized in AOCI on Derivative						Amount of Gain or (Loss) Recognized in AOCI Included Component						Amount of Gain or (Loss) Recognized in AOCI Excluded Component						Location of Gain or (Loss) Recognized from AOCI into Income						Amount of Gain or (Loss) Reclassified from AOCI into Income						Amount of Gain or (Loss) Reclassified from AOCI into Income Included Component						Amount of Gain or (Loss) Reclassified from AOCI into Income Excluded Component
Interest rate swaps			$	(920)					$	(920)					$	—					Interest Income						$	340					$	340					$	—

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

Gains (losses) recognized in income within Mortgage banking operations on non-designated hedging instruments for the years ended December 31, 2022, 2021 and 2020 were as follows (in thousands):

									For the Years Ended December 31
									2022						2021						2020
Mortgage loan commitments									$	(1,427)					$	(3,754)					$	4,430
Forward sales contracts									84						1,243						(1,334)
									$	(1,343)					$	(2,511)					$	3,096

Offsetting Assets

The following presents additional information related to the Company’s interest rate swaps, both designated and non-designated as hedged, as of December 31, 2022 and December 31, 2021 (in thousands):

			December 31, 2022
																					Gross Amounts of Financial Instruments Not Offset in the Consolidated Statement of Financial Condition
			Gross Amounts Recognized						Amounts offset in the Statement of Financial Condition						Net Amounts in the Statement of Financial Condition						Netting Adjustment Per Applicable Master Netting Agreements						Fair Value of Financial Collateral in the Statement of Financial Condition						Net Amount
Derivative assets
Interest rate swaps			$	37,119					$	(17,780)					$	19,339					$	—					$	—					$	19,339
			$	37,119					$	(17,780)					$	19,339					$	—					$	—					$	19,339
Derivative liabilities
Interest rate swaps			$	63,634					$	(26,484)					$	37,150					$	—					$	(14,972)					$	22,178
			$	63,634					$	(26,484)					$	37,150					$	—					$	(14,972)					$	22,178
			December 31, 2021
																					Gross Amounts of Financial Instruments Not Offset in the Consolidated Statement of Financial Condition
			Gross Amounts Recognized						Amounts offset in the Statement of Financial Condition						Net Amounts in the Statement of Financial Condition						Netting Adjustment Per Applicable Master Netting Agreements						Fair Value of Financial Collateral in the Statement of Financial Condition						Net Amount
Derivative assets
Interest rate swaps			$	20,826					$	—					$	20,826					$	—					$	—					$	20,826
			$	20,826					$	—					$	20,826					$	—					$	—					$	20,826
Derivative liabilities
Interest rate swaps			$	11,615					$	—					$	11,615					$	—					$	(9,669)					$	1,946
			$	11,615					$	—					$	11,615					$	—					$	(9,669)					$	1,946

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