XML 44 R34.htm IDEA: XBRL DOCUMENT
v3.25.2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
FAIR VALUE OF FINANCIAL INSTRUMENTS |
Schedule of fair value, assets and liabilities measured on recurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements
​ | ​ | ​ | ​ | ​ | at June 30, 2025 Using
​ | ​ | ​ | ​ | ​ | Level 1 | ​ | Level 2 | ​ | Level 3
(In thousands) |  | Total |  | Inputs |  | Inputs |  | Inputs
Financial Assets: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Securities available-for-sale: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Agency notes | ​ | $ | 9,764 | ​ | $ | — | ​ | $ | 9,764 | ​ | $ | —
Corporate securities | ​ |  | 171,092 | ​ |  | — | ​ |  | 171,092 | ​ |  | —
Pass-through MBS issued by GSEs | ​ |  | 287,665 | ​ |  | — | ​ |  | 287,665 | ​ |  | —
Agency CMOs | ​ |  | 212,666 | ​ |  | — | ​ |  | 212,666 | ​ |  | —
State and municipal obligations | ​ | ​ | 22,274 | ​ | ​ | — | ​ | ​ | 22,274 | ​ | ​ | —
Derivative – cash flow hedges | ​ |  | 5,277 | ​ |  | — | ​ |  | 5,277 | ​ |  | —
Derivative – freestanding derivatives, net | ​ |  | 85,689 | ​ |  | — | ​ |  | 85,689 | ​ |  | —
Financial Liabilities: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative – fair value hedges | ​ | ​ | 151 | ​ | ​ | — | ​ | ​ | 151 | ​ | ​ | —
Derivative – cash flow hedges | ​ | ​ | 255 | ​ | ​ | — | ​ | ​ | 255 | ​ | ​ | —
Derivative – freestanding derivatives, net | ​ | ​ | 85,689 | ​ | ​ | — | ​ | ​ | 85,689 | ​ | ​ | —
Derivative – risk participations | ​ |  | 15 | ​ |  | — | ​ |  | 15 | ​ |  | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements
​ | ​ | ​ | ​ | ​ | at December 31, 2024 Using
​ | ​ | ​ | ​ | ​ | Level 1 | ​ | Level 2 | ​ | Level 3
(In thousands) |  | Total |  | Inputs |  | Inputs |  | Inputs
Financial Assets: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Securities available-for-sale: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Agency Notes | ​ | $ | 9,607 | ​ | $ | — | ​ | $ | 9,607 | ​ | $ | —
Corporate securities | ​ | ​ | 163,949 | ​ |  | — | ​ |  | 163,949 | ​ | ​ | —
Pass-through MBS issued by GSEs | ​ |  | 300,221 | ​ |  | — | ​ |  | 300,221 | ​ |  | —
Agency CMOs | ​ |  | 191,888 | ​ |  | — | ​ |  | 191,888 | ​ |  | —
State and municipal obligations | ​ |  | 25,028 | ​ | ​ | — | ​ | ​ | 25,028 | ​ |  | —
Derivative – cash flow hedges | ​ |  | 8,318 | ​ |  | — | ​ |  | 8,318 | ​ |  | —
Derivative – freestanding derivatives, net | ​ |  | 108,178 | ​ |  | — | ​ |  | 108,178 | ​ |  | —
Financial Liabilities: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative – cash flow hedges | ​ | ​ | 159 | ​ | ​ | — | ​ | ​ | 159 | ​ | ​ | —
Derivative – freestanding derivatives, net | ​ |  | 108,178 | ​ |  | — | ​ |  | 108,178 | ​ |  | —
Derivative – risk participations | ​ | ​ | 10 | ​ | ​ | — | ​ | ​ | 10 | ​ | ​ | —
Schedule of assets measured at fair value on a non-recurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2025
​ | ​ | ​ | ​ | ​ | 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 | ​ | $ | 2,330 | ​ | $ | — | ​ | $ | — |  | $ | 2,330
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2024
​ | ​ | ​ | ​ | ​ | 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 | ​ | $ | 7,584 |  | $ | — | ​ | $ | — |  | $ | 7,584
Schedule of fair value measurements, nonrecurring | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements
​ | ​ | ​ | ​ | ​ | at June 30, 2025 Using
​ | ​ | Carrying | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | ​ | ​
(In thousands) |  | Amount |  | Inputs |  | Inputs |  | Inputs |  | Total
Financial Assets: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Cash and due from banks | ​ | $ | 1,156,754 | ​ | $ | 1,156,754 | ​ | $ | — | ​ | $ | — | ​ | $ | 1,156,754
Securities held-to-maturity | ​ | ​ | 625,188 | ​ |  | — | ​ |  | 556,507 | ​ |  | — | ​ |  | 556,507
Loans held for sale | ​ | ​ | 13,617 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 13,617 | ​ | ​ | 13,617
Loans held for investment, net | ​ |  | 10,775,353 | ​ |  | — | ​ |  | — | ​ |  | 10,481,731 | ​ |  | 10,481,731
Accrued interest receivable | ​ |  | 55,418 | ​ |  | — | ​ |  | 6,803 | ​ |  | 48,615 | ​ |  | 55,418
Financial Liabilities: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Savings, money market and checking accounts (1) | ​ |  | 10,660,002 | ​ |  | 10,660,002 | ​ |  | — | ​ |  | — | ​ |  | 10,660,002
Certificates of deposit ("CDs") | ​ |  | 1,080,093 | ​ |  | — | ​ |  | 1,076,490 | ​ |  | — | ​ |  | 1,076,490
FHLBNY advances | ​ |  | 508,000 | ​ |  | — | ​ |  | 510,864 | ​ |  | — | ​ |  | 510,864
Subordinated debt, net | ​ |  | 272,414 | ​ |  | — | ​ |  | 253,563 | ​ |  | — | ​ |  | 253,563
Accrued interest payable | ​ |  | 7,876 | ​ |  | — | ​ |  | 7,876 | ​ |  | — | ​ |  | 7,876
(1) Includes mortgage escrow deposits. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements
​ | ​ | ​ | ​ | ​ | at December 31, 2024 Using
​ | ​ | Carrying | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | ​ | ​
(In thousands) |  | Amount |  | Inputs |  | Inputs |  | Inputs |  | Total
Financial Assets: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Cash and due from banks | ​ | $ | 1,283,571 | ​ | $ | 1,283,571 | ​ | $ | — | ​ | $ | — | ​ | $ | 1,283,571
Securities held-to-maturity | ​ | ​ | 637,339 | ​ |  | — | ​ |  | 552,277 | ​ |  | — | ​ |  | 552,277
Loans held for sale | ​ | ​ | 22,625 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 22,625 | ​ | ​ | 22,625
Loans held for investment, net | ​ |  | 10,775,608 | ​ |  | — | ​ |  | — | ​ |  | 10,354,366 | ​ |  | 10,354,366
Accrued interest receivable | ​ |  | 55,970 | ​ |  | — | ​ |  | 6,676 | ​ |  | 49,294 | ​ |  | 55,970
Financial Liabilities: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Savings, money market and checking accounts (1) | ​ |  | 10,617,060 | ​ |  | 10,617,060 | ​ |  | — | ​ |  | — | ​ |  | 10,617,060
CDs | ​ |  | 1,069,081 | ​ |  | — | ​ |  | 1,066,630 | ​ |  | — | ​ |  | 1,066,630
FHLBNY advances | ​ |  | 608,000 | ​ |  | — | ​ |  | 608,908 | ​ |  | — | ​ |  | 608,908
Subordinated debt, net | ​ |  | 272,325 | ​ |  | — | ​ |  | 257,464 | ​ |  | — | ​ |  | 257,464
Other short-term borrowings | ​ | ​ | 50,000 | ​ | ​ | 50,000 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 50,000
Accrued interest payable | ​ |  | 8,586 | ​ |  | — | ​ |  | 8,586 | ​ |  | — | ​ |  | 8,586
(1) Includes mortgage escrow deposits.

X
- 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://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 55 -Paragraph 10 -SubTopic 10 -Topic 825 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-10 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-13 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-12 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration