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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2025 and December 31, 2024, whether or not recognized or recorded in the Consolidated Statements of Financial Condition (dollars in thousands):

									June 30, 2025												December 31, 2024
			Level						Carrying Value						Estimated Fair Value						Carrying Value						Estimated Fair Value
Assets:
Cash and cash equivalents			1						$	483,348					$	483,348					$	501,858					$	501,858
Securities—available-for-sale			2						2,036,637						2,036,637						2,078,826						2,078,826
Securities—available-for-sale			3						27,944						27,944						25,685						25,685
Securities—held-to-maturity			2						975,073						795,639						995,237						819,230
Securities—held-to-maturity			3						6,239						6,199						6,327						6,298
Loans held for sale			2						37,651						37,960						32,021						32,215
Loans receivable, net			3						11,529,872						11,413,939						11,199,135						10,894,024
Equity securities			1						511						511						481						481
FHLB stock			3						35,151						35,151						22,451						22,451
Bank-owned life insurance			1						316,365						316,365						312,549						312,549
Mortgage servicing rights			3						12,227						35,711						12,618						37,926
SBA servicing rights			3						1,038						1,038						869						869
Investments in limited partnerships			3						16,162						16,162						13,955						13,955
Derivatives:
Interest rate swaps			2						10,964						10,964						14,507						14,507
Interest rate lock and forward sales commitments			2,3						629						629						331						331
Liabilities:
Demand, interest checking and money market accounts			2						8,511,147						8,511,147						8,536,303						8,536,303
Regular savings			2						3,538,372						3,538,372						3,478,423						3,478,423
Certificates of deposit			2						1,477,772						1,470,631						1,499,672						1,492,829
FHLB advances			2						565,000						565,000						290,000						290,000
Other borrowings			2						117,112						117,112						125,257						125,257
Subordinated notes, net			2						—						—						80,278						78,832
Junior subordinated debentures			3						73,366						73,366						67,477						67,477
Derivatives:
Interest rate swaps			2						21,468						21,468						30,184						30,184
Interest rate lock and forward sales commitments			2,3						497						497						2						2
Risk participation agreement			2						13						13						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 June 30, 2025 and December 31, 2024 (in thousands):

			June 30, 2025
			Level 1						Level 2						Level 3						Total
Assets:
Securities—available-for-sale
U.S. Government and agency obligations			$	—					$	7,232					$	—					$	7,232
Municipal bonds			—						126,201						—						126,201
Corporate bonds			—						83,003						27,944						110,947
Mortgage-backed or related securities			—						1,656,526						—						1,656,526
Asset-backed securities			—						163,675						—						163,675
			—						2,036,637						27,944						2,064,581
Loans held for sale(1)			—						26,328						—						26,328
Equity securities			511						—						—						511
SBA servicing rights			—						—						1,038						1,038
Investment in limited partnerships			—						—						16,162						16,162
Derivatives
Interest rate swaps			—						10,964						—						10,964
Interest rate lock and forward sales commitments			—						—						629						629
			$	511					$	2,073,929					$	45,773					$	2,120,213
Liabilities:
Junior subordinated debentures			$	—					$	—					$	73,366					$	73,366
Derivatives
Interest rate swaps			—						21,468						—						21,468
Interest rate lock and forward sales commitments			—						359						138						497
Risk participation agreement			—						13						—						13
			$	—					$	21,840					$	73,504					$	95,344

			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 June 30, 2025 and December 31, 2024:

																		Weighted Average Rate or Range
Financial Instruments						Valuation Technique						Unobservable Inputs						June 30, 2025						December 31, 2024
Corporate bonds (TPS)						Discounted cash flows						Discount rate						8.55		%				9.57		%
Junior subordinated debentures						Discounted cash flows						Discount rate						8.55		%				9.57		%
Loans individually evaluated						Collateral valuations						Discount to appraised value						0% to 50%						0% to 75%
Interest rate lock commitments						Pricing model						Pull-through rate						89.11		%				92.34		%
SBA servicing rights						Discounted cash flows						Constant prepayment rate						18.15		%				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 and six months ended June 30, 2025 and 2024 (in thousands):

			Three Months Ended June 30, 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			$	25,756					$	67,711					$	305					$	15,025					$	954
Net change recognized in earnings			79						—						186						92						84
Net change recognized in accumulated other comprehensive income (AOCI)			2,109						5,655						—						—						—
Purchases, issuances and settlements			—						—						—						443						—
Ending balance at June 30, 2025			$	27,944					$	73,366					$	491					$	15,560					$	1,038
			Six Months Ended June 30, 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			153						—						383						372						169
Net change recognized in AOCI			2,106						5,889						—						—						—
Purchases, issuances and settlements			—						—						—						1,233						—
Ending balance at June 30, 2025			$	27,944					$	73,366					$	491					$	15,560					$	1,038
			Three Months Ended June 30, 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			$	25,357					$	66,586					$	218					$	12,975					$	849
Net change recognized in earnings			65						—						39						(164)						(38)
Net change recognized in AOCI			11						245						—						—						—
Purchases, issuances and settlements			—						—						—						606						—
Ending balance at June 30, 2024			$	25,433					$	66,831					$	257					$	13,417					$	811
			Six Months Ended June 30, 2024
			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			$	25,304					$	66,413					$	251					$	13,475					$	740
Net change recognized in earnings			129						—						6						(1,094)						71
Net change recognized in AOCI			—						418						—						—						—
Purchases, issuances and settlements			—						—						—						1,036						—
Ending balance at June 30, 2024			$	25,433					$	66,831					$	257					$	13,417					$	811

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 June 30, 2025 and December 31, 2024 (in thousands):

			June 30, 2025
			Level 1						Level 2						Level 3						Total
Loans individually evaluated			$	—					$	—					$	8,114					$	8,114
Real Estate Owned (REO)			—						—						6,801						6,801
			December 31, 2024
			Level 1						Level 2						Level 3						Total
Loans individually evaluated			$	—					$	—					$	6,590					$	6,590
REO			—						—						2,367						2,367

The following table presents the gains and losses resulting from non-recurring fair value adjustments for the three and six months ended June 30, 2025 and 2024 (in thousands).

Fair Value, Nonrecurring Fair Value Adjustments, Gains and Losses

						Three Months Ended June 30,												Six Months Ended June 30,
						2025						2024						2025						2024
Loans individually evaluated						$	—					$	(347)					$	—					$	(347)

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Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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