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v3.22.2.2

DERIVATIVES AND HEDGING ACTIVITIES (Tables) | 9 Months Ended
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Sep. 30, 2022
DERIVATIVES AND HEDGING ACTIVITIES |
Schedule of fair value of derivative Instruments and location in statements of financials | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Location in |  | Fair Value
​ | ​ | Consolidated Statements | ​ | September 30, | ​ | December 31,
​ | ​ | of Financial Condition | ​ | 2022 | ​ | 2021
​ | ​ | ​ | ​ | (In Thousands)
Derivatives designated as hedging instruments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Active interest rate swap | ​ | Accrued expenses and other liabilities | ​ | $ | 33,123 | ​ | $ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total derivatives designated as hedging instruments | ​ | ​ | ​ | $ | 33,123 | ​ | $ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives not designated as hedging instruments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset Derivatives |  |  |  | ​ | ​ | ​ | ​ | ​
Interest rate products |  | Prepaid expenses and other assets | ​ | $ | 11,627 | ​ | $ | 2,816
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total derivatives not designated as hedging instruments | ​ | ​ | ​ | $ | 11,627 | ​ | $ | 2,816
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liability Derivatives | ​ |  | ​ |  | ​ | ​ | ​ | ​
Interest rate products | ​ | Accrued expenses and other liabilities | ​ | $ | 11,321 | ​ | $ | 2,895
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total derivatives not designated as hedging instruments | ​ | ​ | ​ | $ | 11,321 | ​ | $ | 2,895
Schedule of effect of cash flow hedge accounting through accumulated other comprehensive income on statements of comprehensive income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amount of Gain (Loss)
​ | ​ | Recognized in AOCI
​ | ​ | Three Months Ended September 30,
Cash Flow Hedges |  | 2022 |  | 2021
​ |  | (In Thousands)
Terminated interest rate swap, net of income taxes | ​ | $ | (1,580) | ​ | $ | (1,580)
Active interest rate swaps, net of income taxes | ​ | ​ | (19,898) | ​ | ​ | —
​ | ​ | $ | (21,478) | ​ | $ | (1,580)
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Amount of Gain (Loss)
​ | ​ | Recognized in AOCI
​ | ​ | Nine Months Ended September 30,
Cash Flow Hedges |  | 2022 |  | 2021
​ |  | (In Thousands)
Terminated interest rate swap, net of income taxes | ​ | $ | (4,691) | ​ | $ | (4,690)
Active interest rate swaps, net of income taxes | ​ | ​ | (25,570) | ​ | ​ | —
​ | ​ | $ | (30,261) | ​ | $ | (4,690)
​
Schedule of effect of cash flow hedge accounting on statements of operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30,
Cash Flow Hedges |  | 2022 |  | 2021
​ |  | Interest |  | Interest |  | Interest |  | Interest
​ |  | Income |  | Expense |  | Income |  | Expense
​ |  | (In Thousands)
Total Interest Income | ​ | $ | 59,657 | ​ | $ | — | ​ | $ | 49,640 | ​ | $ | —
Total Interest Expense | ​ | ​ | — | ​ | ​ | 6,759 | ​ | ​ | — | ​ | ​ | 4,717
​ | ​ | $ | 59,657 | ​ | $ | 6,759 | ​ | $ | 49,640 | ​ | $ | 4,717
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Terminated interest rate swap | ​ | $ | 2,047 | ​ | $ | — | ​ | $ | 2,048 | ​ | $ | —
Active interest rate swaps | ​ | ​ | (428) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | $ | 1,619 | ​ | $ | — | ​ | $ | 2,048 | ​ | $ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Nine Months Ended September 30,
Cash Flow Hedges | ​ | 2022 | ​ | 2021
​ | ​ | Interest | ​ | Interest | ​ | Interest | ​ | Interest
​ |  | Income |  | Expense |  | Income |  | Expense
​ | ​ | (In Thousands)
Total Interest Income | ​ | $ | 159,028 | ​ | $ | — | ​ | $ | 150,725 | ​ | $ | —
Total Interest Expense | ​ | ​ | — | ​ | ​ | 14,034 | ​ | ​ | — | ​ | ​ | 17,030
​ | ​ | $ | 159,028 | ​ | $ | 14,034 | ​ | $ | 150,725 | ​ | $ | 17,030
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Terminated interest rate swap | ​ | $ | 6,076 | ​ | $ | — | ​ | $ | 6,076 | ​ | $ | —
Active interest rate swaps | ​ | ​ | 610 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | $ | 6,686 | ​ | $ | — | ​ | $ | 6,076 | ​ | $ | —

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- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
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