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BUSINESS SEGMENTS (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
Following are the results of operations and the selected financial information by operating segment for 2024, 2023 and 2022:

Year Ended December 31, 2024
BankingWealth
Management		TreasuryTotalEliminationsConsolidated
Total
(In thousands)
Interest income$619,328 $26 $134,970 $754,324 $(4,047)$750,277 
Interest expense(147,661)— (18,223)(165,884)4,047 (161,837)
Net interest income471,667 26 116,747 588,440 — 588,440 
(Provision for) recapture of credit losses(82,436)— 185 (82,251)— (82,251)
Non-interest income, net
86,720 36,522 7 123,249 — 123,249 
Non-interest expenses [1]
Compensation and employee benefits(149,194)(9,527)(989)(159,710)— (159,710)
Occupancy, equipment and infrastructure costs(37,407)(721)(121)(38,249)— (38,249)
Depreciation and amortization of premises and equipment(20,807)(48)(19)(20,874)— (20,874)
Electronic banking charges(42,816)— — (42,816)— (42,816)
Information technology expenses(27,394)(187)(1)(27,582)— (27,582)
Professional and service fees(15,804)(2,875)(197)(18,876)— (18,876)
Loan servicing and clearing expenses(5,937)(1,455)(543)(7,935)— (7,935)
Amortization of other intangible assets(1,385)— — (1,385)— (1,385)
Intersegment expenses3,518 (2,121)(1,397)— — — 
Other [2]
(56,173)(1,720)(370)(58,263)— (58,263)
Total non-interest expense(353,399)(18,654)(3,637)(375,690)— (375,690)
Income before income taxes$122,552 $17,894 $113,302 $253,748 $— $253,748 
Income tax expense(55,402)(10)(166)(55,578)— (55,578)
Net income$67,150 $17,884 $113,136 $198,170 $— $198,170 
Total assets$9,513,074 $34,219 $3,192,845 $12,740,138 $(1,239,404)$11,500,734 
Expenditures for long-lived assets$21,336 — $— $— $21,336 $— $21,336 
[1] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
[2] Other non-interest expenses include:
Banking: Taxes, other than payroll and income taxes; insurance; advertising; communication; printing, postage, stationary and supplies; travels, meals and training; credit related expenses; director and investor relations; loss on sale of foreclosed real estate and other repossessed properties; losses and operational errors, among other business expenses.
Wealth Management: Reinsurance incurred net losses; taxes, other than payroll and income taxes; advertising; insurance; data communication and systems, among other business expenses.
Treasury: Data communication and systems; taxes, other than payroll and income taxes; insurance, among other business expenses.
Eliminations include interest income and expense for a time deposit opened by the Bank in Oriental Overseas, the IBE unit, which operates within the Bank. The time deposit with a balance of $278.4 million and $300.3 million at December 31, 2024 and 2023, respectively, to fund Oriental Overseas operations is included in the Treasury Segment with its corresponding interest expense, and the related interest income is included in the Banking Segment, and are eliminated in the consolidation. Interest income is accrued on the unpaid principal balance. The decrease in interest income and interest expense from the prior year period was mainly as a result of lower interest rate and average balance.
Year Ended December 31, 2023
BankingWealth
Management		TreasuryTotalEliminationsConsolidated
Total
(In thousands)
Interest income$567,809 $28 $95,477 $663,314 $(14,434)$648,880 
Interest expense(73,480)— (28,964)(102,444)14,434 (88,010)
Net interest income494,329 28 66,513 560,870 — 560,870 
Provision for credit losses(60,255)— (383)(60,638)— (60,638)
Non-interest income, net
97,099 32,433 (1,151)128,381 — 128,381 
Non-interest expenses [1]
Compensation and employee benefits(147,241)(7,627)(959)(155,827)— (155,827)
Occupancy, equipment and infrastructure costs(38,251)(484)(112)(38,847)— (38,847)
Depreciation and amortization of premises and equipment(20,315)(50)(23)(20,388)— (20,388)
Electronic banking charges(41,336)— — (41,336)— (41,336)
Information technology expenses(26,946)(204)(12)(27,162)— (27,162)
Professional and service fees(15,878)(2,646)(240)(18,764)— (18,764)
Loan servicing and clearing expenses(5,806)(1,417)(551)(7,774)— (7,774)
Amortization of other intangible assets(1,615)— — (1,615)— (1,615)
Intersegment expenses
1,641 (1,011)(630)— — — 
Other [2]
(47,100)(2,999)(1,553)(51,652)— (51,652)
Total non-interest expense(342,847)(16,438)(4,080)(363,365)— (363,365)
Income before income taxes$188,326 $16,023 $60,899 $265,248 $— $265,248 
Income tax expense(83,242)(34)(100)(83,376)— (83,376)
Net income$105,084 $15,989 $60,799 $181,872 $— $181,872 
Total assets$9,154,201 $38,261 $3,304,204 $12,496,666 $(1,152,213)$11,344,453 
Expenditures for long-lived assets$17,853 $2 $2 $17,857 $— $17,857 
[1] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
[2] Other non-interest expenses include:
Banking: Taxes, other than payroll and income taxes; insurance; advertising; communication; printing, postage, stationary and supplies; travels, meals and training; credit related expenses; director and investor relations; loss on sale of foreclosed real estate and other repossessed properties; losses and operational errors, among other business expenses.
Wealth Management: Reinsurance incurred net losses; taxes, other than payroll and income taxes; advertising; insurance; data communication and systems, among other business expenses.
Treasury: Data communication and systems; taxes, other than payroll and income taxes; insurance, among other business expenses.
Year Ended December 31, 2022
BankingWealth
Management		TreasuryTotalEliminationsConsolidated
Total
(In thousands)
Interest income$465,177 $21 $56,955 $522,153 $(6,850)$515,573 
Interest expense(31,926)— (8,147)(40,073)6,850 (33,493)
Net interest income433,251 21 48,808 482,080 — 482,080 
Provision for credit losses
(24,111)— (8)(24,119)— (24,119)
Non-interest income, net
98,407 33,481 (198)131,690 — 131,690 
Non-interest expenses [1]
Compensation and employee benefits(132,840)(9,174)(916)(142,930)— (142,930)
Occupancy, equipment and infrastructure costs(34,369)(1,033)(95)(35,497)— (35,497)
Depreciation and amortization of premises and equipment(15,724)(58)(29)(15,811)— (15,811)
Electronic banking charges(39,554)— — (39,554)— (39,554)
Information technology expenses(21,669)(222)— (21,891)— (21,891)
Professional and service fees(21,818)(2,774)(250)(24,842)— (24,842)
Loan servicing and clearing expenses(7,203)(1,396)(562)(9,161)— (9,161)
Amortization of other intangible assets(2,001)— — (2,001)— (2,001)
Intersegment expenses
2,187 (1,497)(690)— — — 
Other [2]
(47,947)(4,549)(1,363)(53,859)— (53,859)
Total non-interest expense(320,938)(20,703)(3,905)(345,546)— (345,546)
Income before income taxes$186,609 $12,799 $44,697 $244,105 $— $244,105 
Income tax expense(77,731)(97)(38)(77,866)— (77,866)
Net income$108,878 $12,702 $44,659 $166,239 $— $166,239 
Total assets$8,347,767 $23,085 $2,432,549 $10,803,401 $(984,621)$9,818,780 
Expenditures for long-lived assets$30,982 $17 $— $30,999 $— $30,999 
[1] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
[2] Other non-interest expenses include:
Banking: Taxes, other than payroll and income taxes; insurance; advertising; communication; printing, postage, stationary and supplies; travels, meals and training; credit related expenses; director and investor relations; loss on sale of foreclosed real estate and other repossessed properties; losses and operational errors, among other business expenses.
Wealth Management: Reinsurance incurred net losses; taxes, other than payroll and income taxes; advertising; insurance; data communication and systems, among other business expenses.
Treasury: Data communication and systems; taxes, other than payroll and income taxes; insurance, among other business expenses.