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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2025

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 March 31, 2025 and December 31, 2024, whether or not recognized or recorded in the Consolidated Statements of Financial Condition (dollars in thousands):

									March 31, 2025												December 31, 2024
			Level						Carrying Value						Estimated Fair Value						Carrying Value						Estimated Fair Value
Assets:
Cash and cash equivalents			1						$	441,945					$	441,945					$	501,858					$	501,858
Securities—available-for-sale			2						2,083,189						2,083,189						2,078,826						2,078,826
Securities—available-for-sale			3						25,756						25,756						25,685						25,685
Securities—held-to-maturity			2						985,506						813,010						995,237						819,230
Securities—held-to-maturity			3						6,290						6,251						6,327						6,298
Loans held for sale			2						24,536						24,714						32,021						32,215
Loans receivable, net			3						11,281,473						11,043,715						11,199,135						10,894,024
Equity securities			1						515						515						481						481
FHLB stock			3						17,286						17,286						22,451						22,451
Bank-owned life insurance			1						313,942						313,942						312,549						312,549
Mortgage servicing rights			3						12,467						36,029						12,618						37,926
SBA servicing rights			3						954						954						869						869
Investments in limited partnerships			3						15,648						15,648						13,955						13,955
Derivatives:
Interest rate swaps			2						11,776						11,776						14,507						14,507
Interest rate lock and forward sales commitments			2,3						388						388						331						331
Liabilities:
Demand, interest checking and money market accounts			2						8,547,210						8,547,210						8,536,303						8,536,303
Regular savings			2						3,542,005						3,542,005						3,478,423						3,478,423
Certificates of deposit			2						1,504,050						1,496,936						1,499,672						1,492,829
FHLB advances			2						168,000						168,000						290,000						290,000
Other borrowings			2						130,588						130,588						125,257						125,257
Subordinated notes, net			2						80,389						79,081						80,278						78,832
Junior subordinated debentures			3						67,711						67,711						67,477						67,477
Derivatives:
Interest rate swaps			2						24,393						24,393						30,184						30,184
Interest rate lock and forward sales commitments			2,3						144						144						2						2
Risk participation agreement			2						10						10						6						6

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 March 31, 2025 and December 31, 2024 (in thousands):

			March 31, 2025
			Level 1						Level 2						Level 3						Total
Assets:
Securities—available-for-sale
U.S. Government and agency obligations			$	—					$	7,556					$	—					$	7,556
Municipal bonds			—						126,516						—						126,516
Corporate bonds			—						100,318						25,756						126,074
Mortgage-backed or related securities			—						1,685,186						—						1,685,186
Asset-backed securities			—						163,613						—						163,613
			—						2,083,189						25,756						2,108,945
Loans held for sale(1)			—						20,403						—						20,403
Equity securities			515						—						—						515
SBA servicing rights			—						—						954						954
Investment in limited partnerships			—						—						15,025						15,025
Derivatives
Interest rate swaps			—						11,776						—						11,776
Interest rate lock and forward sales commitments			—						—						388						388
			$	515					$	2,115,368					$	42,123					$	2,158,006
Liabilities:
Junior subordinated debentures			$	—					$	—					$	67,711					$	67,711
Derivatives
Interest rate swaps			—						24,393						—						24,393
Interest rate lock and forward sales commitments			—						61						83						144
Risk participation agreement			—						10						—						10
			$	—					$	24,464					$	67,794					$	92,258

			December 31, 2024
			Level 1						Level 2						Level 3						Total
Assets:
Securities—available-for-sale
U.S. Government and agency obligations			$	—					$	7,933					$	—					$	7,933
Municipal bonds			—						123,982						—						123,982
Corporate bonds			—						99,305						25,685						124,990
Mortgage-backed or related securities			—						1,676,848						—						1,676,848
Asset-backed securities			—						170,758						—						170,758
			—						2,078,826						25,685						2,104,511
Loans held for sale(1)			—						26,185						—						26,185
Equity securities			481						—						—						481
SBA servicing rights			—						—						869						869
Investment in limited partnerships			—						—						13,955						13,955
Derivatives
Interest rate swaps			—						14,507						—						14,507
Interest rate lock and forward sales commitments			—						221						110						331
			$	481					$	2,119,739					$	40,619					$	2,160,839
Liabilities:
Junior subordinated debentures			$	—					$	—					$	67,477					$	67,477
Derivatives
Interest rate swaps			—						30,184						—						30,184
Interest rate lock and forward sales commitments			—						—						2						2
Risk participation agreement			—						6						—						6
			$	—					$	30,190					$	67,479					$	97,669

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 quantitative and qualitative information about the unobservable inputs for the Company’s assets and liabilities classified as Level 3 and measured at fair value on a recurring and non-recurring basis at March 31, 2025 and December 31, 2024:

																		Weighted Average Rate or Range
Financial Instruments						Valuation Technique						Unobservable Inputs						March 31, 2025						December 31, 2024
Corporate bonds (TPS)						Discounted cash flows						Discount rate						9.55		%				9.57		%
Junior subordinated debentures						Discounted cash flows						Discount rate						9.55		%				9.57		%
Loans individually evaluated						Collateral valuations						Discount to appraised value						0% to 100%						0% to 75%
Interest rate lock commitments						Pricing model						Pull-through rate						91.72		%				92.34		%
SBA servicing rights						Discounted cash flows						Constant prepayment rate						18.64		%				18.85		%

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 months ended March 31, 2025 and 2024 (in thousands):

			Three Months Ended March 31, 2025
			Level 3 Fair Value Inputs
			TPS Securities						Borrowings—Junior Subordinated Debentures						Interest Rate Lock and Forward Sales Commitments						Investments in Limited Partnerships						SBA Servicing Asset
Beginning balance			$	25,685					$	67,477					$	108					$	13,955					$	869
Net change recognized in earnings			74						—						197						280						85
Net change recognized in accumulated other comprehensive income (AOCI)			(3)						234						—						—						—
Purchases, issuances and settlements			—						—						—						790						—
Ending balance at March 31, 2025			$	25,756					$	67,711					$	305					$	15,025					$	954
			Three Months Ended March 31, 2024
			Level 3 Fair Value Inputs
			TPS						Borrowings—Junior Subordinated Debentures						Interest Rate Lock and Forward Sales Commitments						Investments in Limited Partnerships						SBA Servicing Asset
Beginning balance			$	25,304					$	66,413					$	251					$	13,475					$	740
Net change recognized in earnings			64						—						(33)						(930)						109
Net change recognized in AOCI			(11)						173						—						—						—
Purchases, issuances and settlements			—						—						—						430						—
Ending balance at March 31, 2024			$	25,357					$	66,586					$	218					$	12,975					$	849

Schedule of Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

The following tables present financial assets and liabilities 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 March 31, 2025 and December 31, 2024 (in thousands):

			March 31, 2025
			Level 1						Level 2						Level 3						Total
Loans individually evaluated			$	—					$	—					$	6,480					$	6,480
Real Estate Owned (REO)			—						—						3,468						3,468
			December 31, 2024
			Level 1						Level 2						Level 3						Total
Loans individually evaluated			$	—					$	—					$	6,590					$	6,590
REO			—						—						2,367						2,367

Fair Value, Nonrecurring Fair Value Adjustments, Gains and Losses

The following table presents the gains and losses resulting from non-recurring fair value adjustments for the three months ended March 31, 2025 (in thousands). There were no gains or losses resulting from non-recurring fair value adjustments for the three months ended March 31, 2024.
						Three Months Ended March 31,
						2025
Loans individually evaluated						$	(1,705)

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