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DERIVATIVES AND HEDGING ACTIVITIES (Tables) | 6 Months Ended
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Jun. 30, 2023
DERIVATIVES AND HEDGING ACTIVITIES |
Schedule of fair value of derivative Instruments and location in statements of financials | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Location in |  | Fair Value
​ | ​ | Consolidated Statements | ​ | June 30, |  | December 31,
​ | ​ | of Financial Condition | ​ | 2023 | ​ | 2022
​ | ​ | ​ | ​ | (In Thousands)
Derivatives designated as hedging instruments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Active interest rate swaps | ​ | Accrued expenses and other liabilities | ​ | $ | 30,979 | ​ | $ | 31,277
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total derivatives designated as hedging instruments | ​ | ​ | ​ | $ | 30,979 | ​ | $ | 31,277
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives not designated as hedging instruments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset Derivatives |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate products |  | Prepaid expenses and other assets | ​ | $ | 9,789 | ​ | $ | 11,061
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total derivatives not designated as hedging instruments | ​ | ​ | ​ | $ | 9,789 | ​ | $ | 11,061
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liability Derivatives | ​ | ​ | ​ |  | ​ | ​ | ​ | ​
Interest rate products | ​ | Accrued expenses and other liabilities | ​ | $ | 10,119 | ​ | $ | 10,820
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total derivatives not designated as hedging instruments | ​ | ​ | ​ | $ | 10,119 | ​ | $ | 10,820
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 June 30,
Cash Flow Hedges |  | 2023 |  | 2022
​ |  | (In Thousands)
Terminated interest rate swap, net of income taxes | ​ | $ | (1,562) | ​ | $ | (1,564)
Active interest rate swaps, net of income taxes | ​ | ​ | (6,351) | ​ | ​ | (2,589)
​ | ​ | $ | (7,913) | ​ | $ | (4,153)
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amount of Gain (Loss)
​ | ​ | Recognized in AOCI
​ | ​ | Six Months Ended June 30,
Cash Flow Hedges |  | 2023 |  | 2022
​ |  | (In Thousands)
Terminated interest rate swap, net of income taxes | ​ | $ | (3,108) | ​ | $ | (3,111)
Active interest rate swaps, net of income taxes | ​ | ​ | 224 | ​ | ​ | (5,672)
​ | ​ | $ | (2,884) | ​ | $ | (8,783)
​
Schedule of effect of cash flow hedge accounting on statements of operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30,
Cash Flow Hedges |  | 2023 |  | 2022
​ |  | Interest |  | Interest |  | Interest |  | Interest
​ |  | Income |  | Expense |  | Income |  | Expense
​ |  | (In Thousands)
Total Interest Income | ​ | $ | 73,618 | ​ | $ | — | ​ | $ | 52,698 | ​ | $ | —
Total Interest Expense | ​ | ​ | — | ​ | ​ | 25,480 | ​ | ​ | — | ​ | ​ | 3,867
​ | ​ | $ | 73,618 | ​ | $ | 25,480 | ​ | $ | 52,698 | ​ | $ | 3,867
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Terminated interest rate swap | ​ | $ | 2,025 | ​ | $ | — | ​ | $ | 2,025 | ​ | $ | —
Active interest rate swaps | ​ | ​ | (4,226) | ​ | ​ | — | ​ | ​ | 668 | ​ | ​ | —
​ | ​ | $ | (2,201) | ​ | $ | — | ​ | $ | 2,693 | ​ | $ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Six Months Ended June 30,
Cash Flow Hedges | ​ | 2023 | ​ | 2022
​ | ​ | Interest | ​ | Interest | ​ | Interest | ​ | Interest
​ |  | Income |  | Expense |  | Income |  | Expense
​ | ​ | (In Thousands)
Total Interest Income | ​ | $ | 145,081 | ​ | $ | — | ​ | $ | 99,372 | ​ | $ | —
Total Interest Expense | ​ | ​ | — | ​ | ​ | 43,751 | ​ | ​ | — | ​ | ​ | 7,275
​ | ​ | $ | 145,081 | ​ | $ | 43,751 | ​ | $ | 99,372 | ​ | $ | 7,275
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Terminated interest rate swap | ​ | $ | 4,028 | ​ | $ | — | ​ | $ | 4,028 | ​ | $ | —
Active interest rate swaps | ​ | ​ | (6,379) | ​ | ​ | — | ​ | ​ | 1,038 | ​ | ​ | —
​ | ​ | $ | (2,351) | ​ | $ | — | ​ | $ | 5,066 | ​ | $ | —

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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 -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
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