XML 45 R35.htm IDEA: XBRL DOCUMENT
v3.21.1

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
FAIR VALUE OF FINANCIAL INSTRUMENTS |
Fair Value, Assets and Liabilities Measured on Recurring Basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements
​ | ​ | ​ | ​ | ​ | at March 31, 2021 Using
​ | ​ | ​ | ​ | ​ | Level 1 | ​ | Level 2 | ​ | Level 3
(In thousands) |  | Total |  | Inputs |  | Inputs |  | Inputs
Financial Assets |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Securities available-for-sale: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Agency Notes | ​ | $ | 69,570 | ​ | $ | — | ​ | $ | 69,570 | ​ | $ | —
Treasury Securities | ​ | ​ | 92,272 | ​ | ​ | — | ​ | ​ | 92,272 | ​ | ​ | —
Corporate Securities | ​ |  | 98,733 | ​ |  | — | ​ |  | 98,733 | ​ |  | —
Pass-through MBS issued by GSEs | ​ |  | 323,707 | ​ |  | — | ​ |  | 323,707 | ​ |  | —
Agency CMOs | ​ |  | 522,822 | ​ |  | — | ​ |  | 522,822 | ​ |  | —
State and municipal obligations | ​ | ​ | 45,389 | ​ | ​ | — | ​ | ​ | 45,389 | ​ | ​ | —
Derivative – cash flow hedges | ​ |  | 3,944 | ​ |  | — | ​ |  | 3,944 | ​ |  | —
Derivative – freestanding derivatives, net | ​ |  | 41,816 | ​ |  | — | ​ |  | 41,816 | ​ |  | —
Financial Liabilities | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Derivative – cash flow hedges | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Derivative – freestanding derivatives, net | ​ |  | 41,816 | ​ |  | — | ​ |  | 41,816 | ​ |  | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements
​ | ​ | ​ | ​ | ​ | at December 31, 2020 Using
​ | ​ | ​ | ​ | ​ | Level 1 | ​ | Level 2 | ​ | Level 3
(In thousands) |  | Total |  | Inputs |  | Inputs |  | Inputs
Financial Assets |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Marketable equity securities (Registered Mutual Funds) |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Domestic equity mutual funds | ​ | $ | 1,769 | ​ | $ | 1,769 | ​ | $ | — | ​ | $ | —
International equity mutual funds | ​ |  | 468 | ​ |  | 468 | ​ |  | — | ​ |  | —
Fixed income mutual funds | ​ |  | 3,733 | ​ |  | 3,733 | ​ |  | — | ​ |  | —
Securities available-for-sale: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Agency Notes | ​ |  | 47,421 | ​ |  | — | ​ |  | 47,421 | ​ |  | —
Corporate Securities | ​ |  | 64,461 | ​ |  | — | ​ |  | 64,461 | ​ |  | —
Pass-through MBS issued by GSEs | ​ |  | 143,483 | ​ |  | — | ​ |  | 143,483 | ​ |  | —
Agency CMOs | ​ |  | 283,496 | ​ |  | — | ​ |  | 283,496 | ​ |  | —
Derivative – cash flow hedges | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Derivative – freestanding derivatives | ​ | ​ | 30,596 | ​ | ​ | — | ​ | ​ | 30,596 | ​ | ​ | —
Financial Liabilities | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Derivative – cash flow hedges | ​ |  | 18,442 | ​ |  | — | ​ |  | 18,442 | ​ |  | —
Derivative – freestanding derivatives | ​ |  | 30,596 | ​ |  | — | ​ |  | 30,596 | ​ |  | —
Fair Value Measurements, Nonrecurring | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements
​ | ​ | ​ | ​ | ​ | at March 31, 2021 Using
​ | ​ | Carrying | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | ​ | ​
(In thousands) |  | Amount |  | Inputs |  | Inputs |  | Inputs |  | Total
Financial Assets |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Cash and due from banks | ​ | $ | 676,723 | ​ | $ | 676,723 | ​ | $ | — | ​ | $ | — | ​ | $ | 676,723
Loans, net | ​ |  | 10,407,898 | ​ |  | — | ​ |  | — | ​ |  | 10,489,350 | ​ |  | 10,489,350
Accrued interest receivable | ​ |  | 51,100 | ​ |  | — | ​ |  | 3,602 | ​ |  | 47,498 | ​ |  | 51,100
Financial Liabilities | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Savings, money market and checking accounts | ​ |  | 9,270,496 | ​ |  | 9,270,496 | ​ |  | — | ​ |  | — | ​ |  | 9,270,496
Certificates of Deposits ("CDs") | ​ |  | 1,540,316 | ​ |  | — | ​ |  | 1,545,436 | ​ |  | — | ​ |  | 1,545,436
FHLBNY Advances | ​ |  | 533,865 | ​ |  | — | ​ |  | 534,049 | ​ |  | — | ​ |  | 534,049
Subordinated debt, net | ​ |  | 197,234 | ​ |  | — | ​ |  | 198,297 | ​ |  | — | ​ |  | 198,297
Other borrowings | ​ |  | 126,763 | ​ |  | 126,763 | ​ |  | — | ​ |  | — | ​ |  | 126,763
Accrued interest payable | ​ |  | 2,024 | ​ |  | — | ​ |  | 2,024 | ​ |  | — | ​ |  | 2,024
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements
​ | ​ | ​ | ​ | ​ | at December 31, 2020 Using
​ | ​ | Carrying | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | ​ | ​
(In thousands) |  | Amount |  | Inputs |  | Inputs |  | Inputs |  | Total
Financial Assets |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Cash and due from banks | ​ | $ | 243,603 | ​ | $ | 243,603 | ​ | $ | — | ​ | $ | — | ​ | $ | 243,603
Loans, net | ​ |  | 5,580,583 | ​ |  | — | ​ |  | — | ​ |  | 5,598,787 | ​ |  | 5,598,787
Accrued interest receivable | ​ |  | 34,815 | ​ |  | 2 | ​ |  | 1,584 | ​ |  | 33,229 | ​ |  | 34,815
Financial Liabilities | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Savings, money market and checking accounts | ​ |  | 3,212,495 | ​ |  | 3,212,495 | ​ |  | — | ​ |  | — | ​ |  | 3,212,495
CDs | ​ |  | 1,322,638 | ​ |  | — | ​ |  | 1,328,554 | ​ |  | — | ​ |  | 1,328,554
FHLBNY Advances | ​ |  | 1,204,010 | ​ |  | — | ​ |  | 1,207,890 | ​ |  | — | ​ |  | 1,207,890
Subordinated debt, net | ​ |  | 114,052 | ​ |  | — | ​ |  | 114,340 | ​ |  | — | ​ |  | 114,340
Other borrowings | ​ | ​ | 120,000 | ​ | ​ | 120,000 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 120,000
Accrued interest payable | ​ |  | 1,734 | ​ |  | — | ​ |  | 1,734 | ​ |  | — | ​ |  | 1,734

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration