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LOANS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Loans and Leases Receivable Disclosure [Line Items] |
Schedule of net loans | Loans, net of deferred fees and costs, consist of the following (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | At December 31, | ​ | At December 31,
​ |  | 2023 | ​ | 2022
Real estate | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 3,857,711 | ​ | $ | 3,254,508
Construction | ​ | ​ | 153,512 | ​ | ​ | 143,693
Multi-family | ​ | ​ | 467,536 | ​ | ​ | 468,540
One-to four-family | ​ | ​ | 94,704 | ​ | ​ | 53,207
Total real estate loans | ​ | ​ | 4,573,463 | ​ | ​ | 3,919,948
Commercial and industrial | ​ | ​ | 1,051,463 | ​ | ​ | 908,616
Consumer | ​ | ​ | 17,086 | ​ | ​ | 24,931
Total loans | ​ | ​ | 5,642,012 | ​ | ​ | 4,853,495
Deferred fees, net of origination costs | ​ | ​ | (17,215) | ​ | ​ | (12,972)
Loans, net of deferred fees and costs | ​ | ​ | 5,624,797 | ​ | ​ | 4,840,523
Allowance for credit losses | ​ | ​ | (57,965) | ​ | ​ | (44,876)
Net loans | ​ | $ | 5,566,832 | ​ | $ | 4,795,647
Schedule of changes in the allowance for loan losses by portfolio segment | The following tables present the activity in the ACL by segment. The portfolio segments represent the categories that the Company uses to determine its ACL (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | One-to four- | ​ | ​ | ​ | ​ | ​ | ​
Year ended December 31, 2023 |  | Real Estate |  | & Industrial |  | Construction |  | Multi-family |  | Family |  | Consumer |  | Total
Allowance for credit losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance | ​ | $ | 29,496 | ​ | $ | 10,274 | ​ | $ | 1,983 | ​ | $ | 2,823 | ​ | $ | 105 | ​ | $ | 195 | ​ | $ | 44,876
Cumulative effect of changes in accounting principle | ​ | ​ | 48 | ​ | ​ | 471 | ​ | ​ | 424 | ​ | ​ | 705 | ​ | ​ | 181 | ​ | ​ | 421 | ​ | ​ | 2,250
Provision/(credit) for credit losses | ​ | ​ | 6,091 | ​ | ​ | 1,408 | ​ | ​ | (642) | ​ | ​ | 4,687 | ​ | ​ | 377 | ​ | ​ | 137 | ​ | ​ | 12,058
Loans charged-off | ​ | ​ | — | ​ | ​ | (946) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (273) | ​ | ​ | (1,219)
Recoveries | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total ending allowance balance | ​ | $ | 35,635 | ​ | $ | 11,207 | ​ | $ | 1,765 | ​ | $ | 8,215 | ​ | $ | 663 | ​ | $ | 480 | ​ | $ | 57,965
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | One-to four- | ​ | ​ | ​ | ​ | ​ | ​
Year ended December 31, 2022 |  | Real Estate |  | & Industrial |  | Construction |  | Multi-family |  | Family |  | Consumer |  | Total
Allowance for credit losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance | ​ | $ | 22,216 | ​ | $ | 7,708 | ​ | $ | 2,105 | ​ | $ | 2,156 | ​ | $ | 140 | ​ | $ | 404 | ​ | $ | 34,729
Provision/(credit) for credit losses | ​ | ​ | 7,280 | ​ | ​ | 2,540 | ​ | ​ | (122) | ​ | ​ | 667 | ​ | ​ | (35) | ​ | ​ | (214) | ​ | ​ | 10,116
Loans charged-off | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Recoveries | ​ | ​ | — | ​ | ​ | 26 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5 | ​ | ​ | 31
Total ending allowance balance | ​ | $ | 29,496 | ​ | $ | 10,274 | ​ | $ | 1,983 | ​ | $ | 2,823 | ​ | $ | 105 | ​ | $ | 195 | ​ | $ | 44,876
​
Schedule of allowance for loan losses and the recorded investment in loans by portfolio segment | The following tables present the balance in the ACL and the recorded investment in loans by portfolio segment based on impairment method (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | One-to four- | ​ | ​ | ​ | ​ | ​ | ​
At December 31, 2023 |  | Real Estate |  | & Industrial |  | Construction |  | Multi-family |  | Family |  | Consumer |  | Total
Allowance for credit losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Individually assessed | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 5,002 | ​ | $ | — | ​ | $ | 64 | ​ | $ | 5,066
Collectively assessed | ​ | ​ | 35,635 | ​ | ​ | 11,207 | ​ | ​ | 1,765 | ​ | ​ | 3,213 | ​ | ​ | 663 | ​ | ​ | 416 | ​ | ​ | 52,899
Total ending allowance balance | ​ | $ | 35,635 | ​ | $ | 11,207 | ​ | $ | 1,765 | ​ | $ | 8,215 | ​ | $ | 663 | ​ | $ | 480 | ​ | $ | 57,965
Loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Individually assessed | ​ | $ | 40,955 | ​ | $ | 6,934 | ​ | $ | — | ​ | $ | 20,939 | ​ | $ | — | ​ | $ | 104 | ​ | $ | 68,932
Collectively assessed | ​ | ​ | 3,816,756 | ​ | ​ | 1,044,529 | ​ | ​ | 153,512 | ​ | ​ | 446,597 | ​ | ​ | 94,704 | ​ | ​ | 16,982 | ​ | ​ | 5,573,080
Total ending loan balance | ​ | $ | 3,857,711 | ​ | $ | 1,051,463 | ​ | $ | 153,512 | ​ | $ | 467,536 | ​ | $ | 94,704 | ​ | $ | 17,086 | ​ | $ | 5,642,012
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | One-to four- | ​ | ​ | ​ | ​ | ​ | ​
At December 31, 2022 |  | Real Estate |  | & Industrial |  | Construction |  | Multi-family |  | Family |  | Consumer |  | Total
Allowance for credit losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Individually assessed | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 24 | ​ | $ | 24
Collectively assessed | ​ | ​ | 29,496 | ​ | ​ | 10,274 | ​ | ​ | 1,983 | ​ | ​ | 2,823 | ​ | ​ | 105 | ​ | ​ | 171 | ​ | ​ | 44,852
Total ending allowance balance | ​ | $ | 29,496 | ​ | $ | 10,274 | ​ | $ | 1,983 | ​ | $ | 2,823 | ​ | $ | 105 | ​ | $ | 195 | ​ | $ | 44,876
Loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Individually assessed | ​ | $ | 26,740 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 899 | ​ | $ | 24 | ​ | $ | 27,663
Collectively assessed | ​ | ​ | 3,227,768 | ​ | ​ | 908,616 | ​ | ​ | 143,693 | ​ | ​ | 468,540 | ​ | ​ | 52,308 | ​ | ​ | 24,907 | ​ | ​ | 4,825,832
Total ending loan balance | ​ | $ | 3,254,508 | ​ | $ | 908,616 | ​ | $ | 143,693 | ​ | $ | 468,540 | ​ | $ | 53,207 | ​ | $ | 24,931 | ​ | $ | 4,853,495
Schedule of recorded investment in non-accrual loans, loans past due over 90 days and still accruing by class of loans | ​ The following tables present the recorded investment in non-accrual loans, loans past due over 90 days and still accruing by class of loans (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Nonaccrual | ​ | Loans Past Due
​ | ​ | ​ | ​ | Without an | ​ | Over 90 Days
At December 31, 2023 |  | Nonaccrual | ​ | ACL | ​ | Still Accruing
Commercial real estate | ​ | $ | 24,000 | ​ | $ | 24,000 | ​ | $ | —
Commercial & industrial | ​ | ​ | 6,934 | ​ | ​ | 6,934 | ​ | ​ | —
Multi-family | ​ | ​ | 20,939 | ​ | ​ | — | ​ | ​ | —
Consumer | ​ | ​ | 24 | ​ | ​ | — | ​ | ​ | —
Total | ​ | $ | 51,897 | ​ | $ | 30,934 | ​ | $ | —
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Nonaccrual | ​ | Loans Past Due
​ | ​ | ​ | ​ | ​ | Without an | ​ | Over 90 Days
At December 31, 2022 | ​ | ​ | Nonaccrual | ​ | ACL | ​ | Still Accruing
Consumer | ​ | $ | 24 | ​ | $ | — | ​ | $ | —
Total | ​ | $ | 24 | ​ | $ | — | ​ | $ | —
Schedule of aging of the recorded investment in past due loans by class of loans | The following table presents the aging of the recorded investment in past due loans by class of loans (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | 90 | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 30-59 | ​ | 60-89 | ​ | Days and | ​ | Total past | ​ | Current | ​ | ​
At December 31, 2023 |  | Days |  | Days |  | greater |  | due |  | loans |  | Total
Commercial real estate | ​ | $ | — | ​ | $ | — | ​ | $ | 24,000 | ​ | $ | 24,000 | ​ | $ | 3,833,711 | ​ | $ | 3,857,711
Commercial & industrial | ​ | ​ | 20 | ​ | ​ | 18 | ​ | ​ | 6,934 | ​ | ​ | 6,973 | ​ | ​ | 1,044,490 | ​ | ​ | 1,051,463
Construction | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 153,512 | ​ | ​ | 153,512
Multi-family | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 20,939 | ​ | ​ | 20,939 | ​ | ​ | 446,597 | ​ | ​ | 467,536
One-to four-family | ​ | ​ | 612 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 612 | ​ | ​ | 94,092 | ​ | ​ | 94,704
Consumer | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 24 | ​ | ​ | 24 | ​ | ​ | 17,062 | ​ | ​ | 17,086
Total | ​ | $ | 632 | ​ | $ | 18 | ​ | $ | 51,897 | ​ | $ | 52,548 | ​ | $ | 5,589,464 | ​ | $ | 5,642,012
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | 90 | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 30-59 | ​ | 60-89 | ​ | Days and | ​ | Total past | ​ | Current | ​ | ​
At December 31, 2022 |  | Days |  | Days |  | greater |  | due |  | loans |  | Total
Commercial real estate | ​ | $ | — | ​ | $ | 24,000 | ​ | $ | — | ​ | $ | 24,000 | ​ | $ | 3,230,508 | ​ | $ | 3,254,508
Commercial & industrial | ​ | ​ | 37 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 37 | ​ | ​ | 908,579 | ​ | ​ | 908,616
Construction | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 143,693 | ​ | ​ | 143,693
Multi-family | ​ | ​ | 8,000 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 8,000 | ​ | ​ | 460,540 | ​ | ​ | 468,540
One-to four-family | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 53,207 | ​ | ​ | 53,207
Consumer | ​ | ​ | 21 | ​ | ​ | — | ​ | ​ | 24 | ​ | ​ | 45 | ​ | ​ | 24,886 | ​ | ​ | 24,931
Total | ​ | $ | 8,058 | ​ | $ | 24,000 | ​ | $ | 24 | ​ | $ | 32,082 | ​ | $ | 4,821,413 | ​ | $ | 4,853,495
Schedule of risk category of loans by class of loans | The following table presents loan balances by credit quality indicator and year of origination at December 31, 2023 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 & Prior |  | Revolving |  | Total
CRE | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 1,500,873 | ​ | $ | 1,268,550 | ​ | $ | 512,497 | ​ | $ | 128,320 | ​ | $ | 200,304 | ​ | $ | 83,309 | ​ | $ | 44,672 | ​ | $ | 3,738,525
Special Mention | ​ | ​ | 24,500 | ​ | ​ | 38,867 | ​ | ​ | 14,561 | ​ | ​ | 304 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 78,232
Substandard | ​ | ​ | — | ​ | ​ | 40,954 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 40,954
Total | ​ | $ | 1,525,373 | ​ | $ | 1,348,371 | ​ | $ | 527,058 | ​ | $ | 128,624 | ​ | $ | 200,304 | ​ | $ | 83,309 | ​ | $ | 44,672 | ​ | $ | 3,857,711
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 84,881 | ​ | $ | 56,065 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 12,566 | ​ | $ | 153,512
Total | ​ | $ | 84,881 | ​ | $ | 56,065 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 12,566 | ​ | $ | 153,512
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Multi-family | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 115,761 | ​ | $ | 114,652 | ​ | $ | 51,768 | ​ | $ | 23,655 | ​ | $ | 34,533 | ​ | $ | 69,510 | ​ | $ | 6,415 | ​ | $ | 416,294
Special Mention | ​ | ​ | — | ​ | ​ | 30,303 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 30,303
Substandard | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 20,939 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 20,939
Total | ​ | $ | 115,761 | ​ | $ | 144,955 | ​ | $ | 72,707 | ​ | $ | 23,655 | ​ | $ | 34,533 | ​ | $ | 69,510 | ​ | $ | 6,415 | ​ | $ | 467,536
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
One-to four-family | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | $ | 45,000 | ​ | $ | 4,081 | ​ | $ | — | ​ | $ | 9,784 | ​ | $ | 12,157 | ​ | $ | 23,682 | ​ | $ | — | ​ | $ | 94,704
Total | ​ | $ | 45,000 | ​ | $ | 4,081 | ​ | $ | — | ​ | $ | 9,784 | ​ | $ | 12,157 | ​ | $ | 23,682 | ​ | $ | — | ​ | $ | 94,704
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 178,814 | ​ | $ | 252,359 | ​ | $ | 98,753 | ​ | $ | 23,943 | ​ | $ | 14,390 | ​ | $ | 5,904 | ​ | $ | 402,247 | ​ | $ | 976,410
Special Mention | ​ | ​ | 3,840 | ​ | ​ | 33,918 | ​ | ​ | — | ​ | ​ | 2,080 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 28,281 | ​ | ​ | 68,119
Substandard | ​ | ​ | 3,435 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 3,499 | ​ | ​ | 6,934
Total | ​ | $ | 186,089 | ​ | $ | 286,277 | ​ | $ | 98,753 | ​ | $ | 26,023 | ​ | $ | 14,390 | ​ | $ | 5,904 | ​ | $ | 434,027 | ​ | $ | 1,051,463
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 17,062 | ​ | $ | — | ​ | $ | 17,062
Past due | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 24 | ​ | ​ | — | ​ | ​ | 24
Total | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 17,086 | ​ | $ | — | ​ | $ | 17,086
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Charge-offs | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial | ​ | $ | — | ​ | $ | — | ​ | $ | 915 | ​ | $ | — | ​ | $ | — | ​ | $ | 31 | ​ | $ | — | ​ | $ | 946
Consumer | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 273 | ​ | ​ | — | ​ | ​ | 273
​ | ​ | $ | — | ​ | $ | — | ​ | $ | 915 | ​ | $ | — | ​ | $ | — | ​ | $ | 304 | ​ | $ | — | ​ | $ | 1,219
​ The following tables present loans individually evaluated for impairment pursuant to the disclosure requirements prior to the adoption of ASC 326 on January 1, 2023 (in thousands). For loans evaluated by credit risk ratings, the following table presents loan balances by credit quality indicator and by class of loans at December 31, 2022 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Special | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At December 31, 2022 |  | Pass |  | Mention |  | Substandard |  | Doubtful | ​ | ​ | Total
Commercial real estate | ​ | $ | 3,192,212 | ​ | $ | 35,881 | ​ | $ | 26,415 | ​ | $ | — | ​ | $ | 3,254,508
Commercial & industrial | ​ | ​ | 876,867 | ​ | ​ | 31,749 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 908,616
Construction | ​ | ​ | 143,693 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 143,693
Multi-family | ​ | ​ | 468,540 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 468,540
Total | ​ | $ | 4,681,312 | ​ | $ | 67,630 | ​ | $ | 26,415 | ​ | $ | — | ​ | $ | 4,775,357
​
Schedule of loans determined to be impaired by class of loans | The following tables present loans individually evaluated for impairment (in thousands). The recorded investment in loans excludes accrued interest receivable and loan origination fees.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | At December 31, 2022 | ​ | Year ended December 31, 2022
​ | ​ | ​ | ​ | ​ | ​ | Allowance | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Unpaid | ​ | ​ | ​ | for Loan | ​ | Average | ​ | Interest
​ | ​ | Principal | ​ | Recorded | ​ | Losses | ​ | Recorded | ​ | Income
​ |  | Balance |  | Investment |  | Allocated | ​ | Investment |  | Recognized
With an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer | ​ | $ | 24 | ​ | $ | 24 | ​ | $ | 24 | ​ | $ | 79 | ​ | $ | —
Total | ​ | $ | 24 | ​ | $ | 24 | ​ | $ | 24 | ​ | $ | 79 | ​ | $ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Without an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
One-to four-family | ​ | $ | 1,176 | ​ | $ | 899 | ​ | $ | — | ​ | $ | 832 | ​ | $ | 31
CRE | ​ | ​ | 27,984 | ​ | ​ | 26,740 | ​ | ​ | — | ​ | ​ | 30,142 | ​ | ​ | 1,041
Total | ​ | $ | 29,160 | ​ | $ | 27,639 | ​ | $ | — | ​ | $ | 30,974 | ​ | $ | 1,072
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | At December 31, 2021 | ​ | Year ended December 31, 2021
​ | ​ | ​ | ​ | ​ | ​ | Allowance | ​ | ​ | ​ | ​
​ | ​ | Unpaid | ​ | ​ | ​ | for Loan | ​ | Average | ​ | Interest
​ | ​ | Principal | ​ | Recorded | ​ | Losses | ​ | Recorded | ​ | Income
​ |  | Balance |  | Investment |  | Allocated | ​ | Investment |  | Recognized
With an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
One-to four-family | ​ | $ | 577 | ​ | $ | 447 | ​ | $ | 26 | ​ | $ | 462 | ​ | $ | 21
Consumer | ​ | ​ | 302 | ​ | ​ | 302 | ​ | ​ | 170 | ​ | ​ | 1,766 | ​ | ​ | 84
C&I | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,726 | ​ | ​ | —
Total | ​ | $ | 879 | ​ | $ | 749 | ​ | $ | 196 | ​ | $ | 4,954 | ​ | $ | 105
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Without an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
One-to four-family | ​ | $ | 646 | ​ | $ | 499 | ​ | $ | — | ​ | $ | 509 | ​ | $ | 26
CRE | ​ | ​ | 38,518 | ​ | ​ | 38,518 | ​ | ​ | — | ​ | ​ | 15,975 | ​ | ​ | 325
C&I | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 77 | ​ | ​ | —
Total | ​ | $ | 39,164 | ​ | $ | 39,017 | ​ | $ | — | ​ | $ | 16,561 | ​ | $ | 351
​
Unfunded loan commitment |
Loans and Leases Receivable Disclosure [Line Items] |
Schedule of allowance for loan losses and the recorded investment in loans by portfolio segment | The following tables present the activity in the ACL for unfunded loan commitments (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31,
​ |  | 2023 |  | 2022 |
Balance at the beginning of period | ​ | $ | 180 | ​ | $ | 180 | ​
Cumulative effect of changes in accounting principle | ​ | ​ | 777 | ​ | ​ | — | ​
Provision/(credit) for credit losses | ​ | ​ | 225 | ​ | ​ | — | ​
Total ending allowance balance | ​ | $ | 1,182 | ​ | $ | 180 | ​

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- Definition Tabular disclosure of impaired financing receivables. + References No definition available. + Details
Name: | mcb_ScheduleOfImpairedFinancingReceivablesTableTextBlock
Namespace Prefix: | mcb_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-29 + Details
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