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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2025
Fair Value Measurements |
Summary of assets measured and reported at estimated fair value on a recurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
September 30, 2025 | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Fair Value
Assets: | ​ | (in thousands)
Available-for-sale debt securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Treasury securities | ​ | $ | 69,023 | ​ | $ | — | ​ | $ | — | ​ | $ | 69,023
U.S. Government agencies | ​ | ​ | — | ​ | ​ | 11,200 | ​ | ​ | — | ​ | ​ | 11,200
Agency mortgage-backed securities | ​ | ​ | — | ​ | ​ | 43,847 | ​ | ​ | — | ​ | ​ | 43,847
Agency collateralized mortgage obligations | ​ | ​ | — | ​ | ​ | 10,950 | ​ | ​ | — | ​ | ​ | 10,950
Corporate bonds | ​ | ​ | — | ​ | ​ | 73,329 | ​ | ​ | 9,315 | ​ | ​ | 82,644
Municipal obligations | ​ | ​ | — | ​ | ​ | 6,488 | ​ | ​ | — | ​ | ​ | 6,488
SBA securities | ​ | ​ | — | ​ | ​ | 6,871 | ​ | ​ | — | ​ | ​ | 6,871
Total available-for-sale debt securities | ​ | $ | 69,023 | ​ | $ | 152,685 | ​ | $ | 9,315 | ​ | $ | 231,023
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative assets | ​ | $ | — | ​ | $ | 24,425 | ​ | $ | — | ​ | $ | 24,425
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative liabilities | ​ | $ | — | ​ | $ | 22,773 | ​ | $ | — | ​ | $ | 22,773
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2024 | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Fair Value
Assets: | ​ | (in thousands)
Available-for-sale debt securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Treasury securities | ​ | $ | 69,084 | ​ | $ | — | ​ | $ | — | ​ | $ | 69,084
U.S. Government agencies | ​ | ​ | — | ​ | ​ | 9,007 | ​ | ​ | — | ​ | ​ | 9,007
Agency mortgage-backed securities | ​ | ​ | — | ​ | ​ | 39,184 | ​ | ​ | — | ​ | ​ | 39,184
Agency collateralized mortgage obligations | ​ | ​ | — | ​ | ​ | 10,833 | ​ | ​ | — | ​ | ​ | 10,833
Corporate bonds | ​ | ​ | — | ​ | ​ | 75,147 | ​ | ​ | 8,898 | ​ | ​ | 84,045
Municipal obligations | ​ | ​ | — | ​ | ​ | 9,806 | ​ | ​ | — | ​ | ​ | 9,806
SBA securities | ​ | ​ | — | ​ | ​ | 6,246 | ​ | ​ | — | ​ | ​ | 6,246
Total available-for-sale debt securities | ​ | $ | 69,084 | ​ | $ | 150,223 | ​ | $ | 8,898 | ​ | $ | 228,205
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative assets | ​ | $ | — | ​ | $ | 27,174 | ​ | $ | — | ​ | $ | 27,174
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative liabilities | ​ | $ | — | ​ | $ | 27,177 | ​ | $ | — | ​ | $ | 27,177
Summary of assets measured at fair value on a non-recurring basis | The following table summarizes assets measured at fair value on a non-recurring basis: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2025
​ |  | Level 1 |  | Level 2 |  | Level 3 |  | Fair Value
​ | ​ | (in thousands)
Collateral-dependent loans, net of reserve | ​ | $ | — | ​ | $ | — | ​ | $ | 8,669 | ​ | $ | 8,669
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2024
​ |  | Level 1 |  | Level 2 |  | Level 3 |  | Fair Value
​ | ​ | (in thousands)
Collateral-dependent loans, net of reserve | ​ | $ | — | ​ | $ | — | ​ | $ | 10,951 | ​ | $ | 10,951
Summary of significant unobservable inputs used in the fair value measurements for Level 3 assets and liabilities measured at fair value on a nonrecurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Significant |  | Significant |  |
​ | ​ | Valuation | ​ | Observable | ​ | Unobservable
​ | ​ | Technique | ​ | Inputs | ​ | Inputs
Collateral-dependent loans |  | Appraisal Value / Comparison Sales / Enterprise Value |  | Appraisals and/or sales of comparable properties or financial statements of the business |  | Appraisals discounted 5 to 20% for sales commission and other holding costs; Enterprise value discounts of assets, liabilities and equity
Summary of estimated fair values, related carrying amounts, and valuation level of the financial instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2025
​ | ​ | Carrying | ​ | Fair | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amount | ​ | Value | ​ | Level 1 | ​ | Level 2 | ​ | Level 3
​ | ​ | (In thousands)
Financial Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | $ | 295,377 | ​ | $ | 295,377 | ​ | $ | 295,377 | ​ | $ | — | ​ | $ | —
Loans receivable, net | ​ | ​ | 4,673,077 | ​ | ​ | 4,613,357 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 4,613,357
Accrued interest receivable | ​ | ​ | 21,074 | ​ | ​ | 21,074 | ​ | ​ | 21,074 | ​ | ​ | — | ​ | ​ | —
FHLB stock | ​ | ​ | 11,541 | ​ | ​ | 11,541 | ​ | ​ | — | ​ | ​ | 11,541 | ​ | ​ | —
FRB stock | ​ | ​ | 12,831 | ​ | ​ | 12,831 | ​ | ​ | — | ​ | ​ | 12,831 | ​ | ​ | —
Non-public investments | ​ | ​ | 20,159 | ​ | ​ | 20,159 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 20,159
BOLI | ​ | ​ | 56,342 | ​ | ​ | 56,342 | ​ | ​ | — | ​ | ​ | 56,342 | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financial Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposits, other than time deposits | ​ | $ | 2,418,955 | ​ | $ | 2,418,955 | ​ | $ | 2,418,955 | ​ | $ | — | ​ | $ | —
Time deposits | ​ | ​ | 2,146,709 | ​ | ​ | 2,147,754 | ​ | ​ | — | ​ | ​ | 2,147,754 | ​ | ​ | —
FHLB borrowings | ​ | ​ | 41,453 | ​ | ​ | 41,337 | ​ | ​ | — | ​ | ​ | 41,337 | ​ | ​ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2024
​ | ​ | Carrying | ​ | Fair | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amount | ​ | Value | ​ | Level 1 | ​ | Level 2 | ​ | Level 3
​ | ​ | (In thousands)
Financial Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | $ | 363,855 | ​ | $ | 363,855 | ​ | $ | 363,855 | ​ | $ | — | ​ | $ | —
Loans receivable, net | ​ | ​ | 4,294,408 | ​ | ​ | 4,196,079 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 4,196,079
Accrued interest receivable | ​ | ​ | 19,685 | ​ | ​ | 19,685 | ​ | ​ | 19,685 | ​ | ​ | — | ​ | ​ | —
FHLB stock | ​ | ​ | 6,728 | ​ | ​ | 6,728 | ​ | ​ | — | ​ | ​ | 6,728 | ​ | ​ | —
FRB stock | ​ | ​ | 12,142 | ​ | ​ | 12,142 | ​ | ​ | — | ​ | ​ | 12,142 | ​ | ​ | —
Non-public investments | ​ | ​ | 5,494 | ​ | ​ | 5,494 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,494
BOLI | ​ | ​ | 102,785 | ​ | ​ | 102,785 | ​ | ​ | — | ​ | ​ | 102,785 | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financial Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposits, other than time deposits | ​ | $ | 2,214,372 | ​ | $ | 2,214,372 | ​ | $ | 2,214,372 | ​ | $ | — | ​ | $ | —
Time deposits | ​ | ​ | 1,963,280 | ​ | ​ | 1,964,801 | ​ | ​ | — | ​ | ​ | 1,964,801 | ​ | ​ | —
FHLB borrowings | ​ | ​ | 120,835 | ​ | ​ | 120,778 | ​ | ​ | — | ​ | ​ | 120,778 | ​ | ​ | —
​

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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://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
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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + 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://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
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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/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
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