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SEGMENT REPORTING
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting Disclosure
The Company is managed by legal entity, rather than by lines of business, and its activities are considered a single operating segment for financial reporting purposes. The Bank is engaged in the single line of business of community banking, which involves gathering deposits and originating loans in its primary market areas. The Bank manages its operations, allocates resources, and monitors and reports its financials as a single operating segment.

The Company’s performance is assessed based on net income that is reported on our Consolidated Statements of Operations with consolidated net income being the primary measure to evaluate resource allocations. In addition to our consolidated financial statements, the operating and financial condition data below is used to monitor budget versus actual results and assess performance:
 OPERATING DATA:
Quarters Ended
(In thousands)Mar 31, 2025Dec 31, 2024Mar 31, 2024
Interest income$193,868 $196,436 $184,688 
Interest expense52,785 55,900 51,729 
Net interest income141,083 140,536 132,959 
Provision for credit losses3,139 3,000 520 
Non-interest income19,108 20,035 11,591 
Non-interest expense101,259 99,478 97,641 
Net income $45,135 $46,391 $37,559 
FINANCIAL CONDITION DATA:Quarters Ended
(In thousands)Mar 31, 2025Dec 31, 2024Mar 31, 2024
Cash and securities (1)
$3,542,686 $3,607,933 $3,492,527 
Loans receivable, net11,281,473 11,199,135 10,717,956 
Total assets16,170,812 16,200,037 15,518,279 
Core deposits12,089,215 12,014,726 11,672,891 
Total deposits13,593,265 13,514,398 13,158,771 

KEY FINANCIAL RATIOS:Quarters Ended
 Mar 31, 2025Dec 31, 2024Mar 31, 2024
Performance Ratios:
Return on average assets (2)
1.15 %1.15 %0.97 %
Net interest margin (tax equivalent) (3)
3.92 3.82 3.74 
Non-interest expense to average assets2.57 2.48 2.52 
Efficiency ratio (4)
63.21 61.95 67.55 

(1)Includes available-for-sale and held-to-maturity securities.
(2)Net income divided by average assets.
(3)Net interest income as a percent of average interest-earning assets on a tax equivalent basis.
(4)Non-interest expenses divided by the total of net interest income and non-interest income.