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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 9 Months Ended
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Sep. 30, 2022
FAIR VALUE OF FINANCIAL INSTRUMENTS |
Fair value, assets and liabilities measured on recurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements
​ | ​ | ​ | ​ | ​ | at September 30, 2022 Using
​ | ​ | ​ | ​ | ​ | Level 1 | ​ | Level 2 | ​ | Level 3
(In thousands) |  | Total |  | Inputs |  | Inputs |  | Inputs
Financial Assets: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Securities available-for-sale: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Treasury securities | ​ | $ | 225,925 | ​ | $ | — | ​ | $ | 225,925 | ​ | $ | —
Corporate securities | ​ |  | 157,032 | ​ |  | — | ​ |  | 157,032 | ​ |  | —
Pass-through MBS issued by GSEs | ​ |  | 252,655 | ​ |  | — | ​ |  | 252,655 | ​ |  | —
Agency CMOs | ​ |  | 293,717 | ​ |  | — | ​ |  | 293,717 | ​ |  | —
State and municipal obligations | ​ | ​ | 33,598 | ​ | ​ | — | ​ | ​ | 33,598 | ​ | ​ | —
Derivative – cash flow hedges | ​ |  | 18,336 | ​ |  | — | ​ |  | 18,336 | ​ |  | —
Derivative – freestanding derivatives, net | ​ |  | 144,343 | ​ |  | — | ​ |  | 144,343 | ​ |  | —
Financial Liabilities: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative – freestanding derivatives, net | ​ |  | 144,343 | ​ |  | — | ​ |  | 144,343 | ​ |  | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements
​ | ​ | ​ | ​ | ​ | at December 31, 2021 Using
​ | ​ | ​ | ​ | ​ | Level 1 | ​ | Level 2 | ​ | Level 3
(In thousands) |  | Total |  | Inputs |  | Inputs |  | Inputs
Financial Assets: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Securities available-for-sale: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Agency notes | ​ | $ | 80,254 | ​ | $ | — | ​ | $ | 80,254 | ​ | $ | —
Treasury securities | ​ | ​ | 244,769 | ​ | ​ | — | ​ | ​ | 244,769 | ​ | ​ | —
Corporate securities | ​ |  | 152,030 | ​ |  | — | ​ |  | 152,030 | ​ |  | —
Pass-through MBS issued by GSEs | ​ |  | 526,454 | ​ |  | — | ​ |  | 526,454 | ​ |  | —
Agency CMOs | ​ |  | 521,258 | ​ |  | — | ​ |  | 521,258 | ​ |  | —
State and municipal obligations | ​ | ​ | 38,946 | ​ | ​ | — | ​ | ​ | 38,946 | ​ | ​ | —
Derivative – cash flow hedges | ​ |  | 4,358 | ​ |  | — | ​ |  | 4,358 | ​ |  | —
Derivative – freestanding derivatives, net | ​ |  | 40,728 | ​ |  | — | ​ |  | 40,728 | ​ |  | —
Financial Liabilities: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative – freestanding derivatives, net | ​ |  | 40,728 | ​ |  | — | ​ |  | 40,728 | ​ |  | —
Schedule of assets measured at fair value on a non-recurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2022
​ | ​ | ​ | ​ | ​ | Fair Value Measurements Using:
​ | ​ |  | ​ | Quoted Prices | ​ | ​ | ​ |
​ | ​ | ​ | ​ | In Active | ​ | Significant | ​ |
​ | ​ | ​ | ​ | Markets for | ​ | Other | ​ | Significant
​ | ​ | ​ | ​ | Identical | ​ | Observable | ​ | Unobservable
​ | ​ | Carrying | ​ | Assets | ​ | Inputs | ​ | Inputs
(In thousands) |  | Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
Individually evaluated loans | ​ | $ | 1,453 | ​ | $ | — | $ | — |  | $ | 1,453
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021
​ | ​ | ​ | ​ | ​ | Fair Value Measurements Using:
​ | ​ |  | ​ | ​ | Quoted Prices | ​ | ​ | ​ |
​ | ​ | ​ | ​ | ​ | In Active | ​ | Significant | ​ | ​
​ | ​ | ​ | ​ | ​ | Markets for | ​ | Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | Identical | ​ | Observable | ​ | Unobservable
​ | ​ | Carrying | ​ | ​ | Assets | ​ | Inputs | ​ | Inputs
(In thousands) |  | Value |  | ​ | (Level 1) |  | (Level 2) |  | (Level 3)
Individually evaluated loans | ​ | $ | 1,900 |  | $ | — | $ | — |  | $ | 1,900
Fair value measurements, nonrecurring | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements
​ | ​ | ​ | ​ | ​ | at September 30, 2022 Using
​ | ​ | Carrying | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | ​ | ​
(In thousands) |  | Amount |  | Inputs |  | Inputs |  | Inputs |  | Total
Financial Assets: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Cash and due from banks | ​ | $ | 312,996 | ​ | $ | 312,996 | ​ | $ | — | ​ | $ | — | ​ | $ | 312,996
Securities held-to-maturity | ​ | ​ | 591,403 | ​ |  | — | ​ |  | 511,054 | ​ |  | — | ​ |  | 511,054
Loans held for investment, net | ​ |  | 10,033,553 | ​ |  | — | ​ |  | — | ​ |  | 9,594,094 | ​ |  | 9,594,094
Accrued interest receivable | ​ |  | 41,567 | ​ |  | — | ​ |  | 4,971 | ​ |  | 36,596 | ​ |  | 41,567
Financial Liabilities: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Savings, money market and checking accounts | ​ |  | 9,557,896 | ​ |  | 9,557,896 | ​ |  | — | ​ |  | — | ​ |  | 9,557,896
Certificates of Deposits ("CDs") | ​ |  | 930,774 | ​ |  | — | ​ |  | 922,132 | ​ |  | — | ​ |  | 922,132
FHLBNY advances | ​ |  | 620,000 | ​ |  | — | ​ |  | 619,993 | ​ |  | — | ​ |  | 619,993
Subordinated debt, net | ​ |  | 200,305 | ​ |  | — | ​ |  | 184,305 | ​ |  | — | ​ |  | 184,305
Other short-term borrowings | ​ |  | 2,124 | ​ |  | 2,124 | ​ |  | — | ​ |  | — | ​ |  | 2,124
Accrued interest payable | ​ |  | 4,548 | ​ |  | — | ​ |  | 4,548 | ​ |  | — | ​ |  | 4,548
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements
​ | ​ | ​ | ​ | ​ | at December 31, 2021 Using
​ | ​ | Carrying | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | ​ | ​
(In thousands) |  | Amount |  | Inputs |  | Inputs |  | Inputs |  | Total
Financial Assets: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Cash and due from banks | ​ | $ | 393,722 | ​ | $ | 393,722 | ​ | $ | — | ​ | $ | — | ​ | $ | 393,722
Securities held-to-maturity | ​ | ​ | 179,309 | ​ |  | — | ​ |  | 177,354 | ​ |  | — | ​ |  | 177,354
Loans held for investment, net | ​ |  | 9,158,908 | ​ |  | — | ​ |  | — | ​ |  | 9,169,872 | ​ |  | 9,169,872
Accrued interest receivable | ​ |  | 40,149 | ​ |  | — | ​ |  | 4,481 | ​ |  | 35,668 | ​ |  | 40,149
Financial Liabilities: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Savings, money market and checking accounts | ​ |  | 9,605,731 | ​ |  | 9,605,731 | ​ |  | — | ​ |  | — | ​ |  | 9,605,731
CDs | ​ |  | 853,242 | ​ |  | — | ​ |  | 857,342 | ​ |  | — | ​ |  | 857,342
FHLBNY advances | ​ |  | 25,000 | ​ |  | — | ​ |  | 25,014 | ​ |  | — | ​ |  | 25,014
Subordinated debt, net | ​ |  | 197,096 | ​ |  | — | ​ |  | 202,334 | ​ |  | — | ​ |  | 202,334
Other short-term borrowings | ​ | ​ | 1,862 | ​ | ​ | 1,862 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,862
Accrued interest payable | ​ |  | 870 | ​ |  | — | ​ |  | 870 | ​ |  | — | ​ |  | 870

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- Definition 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). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 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 (bbb) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 3: 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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- 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 https://asc.fasb.org/extlink&oid=123594938&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- 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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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