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DERIVATIVES AND HEDGING ACTIVITIES (Tables) | 9 Months Ended
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Sep. 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 | ​ | September 30, |  | December 31,
​ | ​ | of Financial Condition | ​ | 2023 | ​ | 2022
​ | ​ | ​ | ​ | (In Thousands)
Derivatives designated as hedging instruments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Active interest rate swaps | ​ | Accrued expenses and other liabilities | ​ | $ | 34,357 | ​ | $ | 31,277
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total derivatives designated as hedging instruments | ​ | ​ | ​ | $ | 34,357 | ​ | $ | 31,277
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives not designated as hedging instruments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset Derivatives |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate products |  | Prepaid expenses and other assets | ​ | $ | 10,619 | ​ | $ | 11,061
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total derivatives not designated as hedging instruments | ​ | ​ | ​ | $ | 10,619 | ​ | $ | 11,061
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liability Derivatives | ​ | ​ | ​ |  | ​ | ​ | ​ | ​
Interest rate products | ​ | Accrued expenses and other liabilities | ​ | $ | 11,145 | ​ | $ | 10,820
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total derivatives not designated as hedging instruments | ​ | ​ | ​ | $ | 11,145 | ​ | $ | 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 September 30,
Cash Flow Hedges |  | 2023 |  | 2022
​ |  | (In Thousands)
Terminated interest rate swap, net of income taxes | ​ | $ | (1,580) | ​ | $ | (1,580)
Active interest rate swaps, net of income taxes | ​ | ​ | (2,547) | ​ | ​ | (19,898)
​ | ​ | $ | (4,127) | ​ | $ | (21,478)
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amount of Gain (Loss)
​ | ​ | Recognized in AOCI
​ | ​ | Nine Months Ended September 30,
Cash Flow Hedges |  | 2023 |  | 2022
​ |  | (In Thousands)
Terminated interest rate swap, net of income taxes | ​ | $ | (4,688) | ​ | $ | (4,691)
Active interest rate swaps, net of income taxes | ​ | ​ | (2,323) | ​ | ​ | (25,570)
​ | ​ | $ | (7,011) | ​ | $ | (30,261)
Schedule of effect of cash flow hedge accounting on statements of operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30,
Cash Flow Hedges |  | 2023 |  | 2022
​ |  | Interest |  | Interest |  | Interest |  | Interest
​ |  | Income |  | Expense |  | Income |  | Expense
​ |  | (In Thousands)
Total Interest Income | ​ | $ | 75,272 | ​ | $ | — | ​ | $ | 59,657 | ​ | $ | —
Total Interest Expense | ​ | ​ | — | ​ | ​ | 28,534 | ​ | ​ | — | ​ | ​ | 6,759
​ | ​ | $ | 75,272 | ​ | $ | 28,534 | ​ | $ | 59,657 | ​ | $ | 6,759
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Terminated interest rate swap | ​ | $ | 2,047 | ​ | $ | — | ​ | $ | 2,047 | ​ | $ | —
Active interest rate swaps | ​ | ​ | (5,545) | ​ | ​ | — | ​ | ​ | (428) | ​ | ​ | —
​ | ​ | $ | (3,498) | ​ | $ | — | ​ | $ | 1,619 | ​ | $ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Nine Months Ended September 30,
Cash Flow Hedges | ​ | 2023 | ​ | 2022
​ | ​ | Interest | ​ | Interest | ​ | Interest | ​ | Interest
​ |  | Income |  | Expense |  | Income |  | Expense
​ | ​ | (In Thousands)
Total Interest Income | ​ | $ | 220,353 | ​ | $ | — | ​ | $ | 159,028 | ​ | $ | —
Total Interest Expense | ​ | ​ | — | ​ | ​ | 72,285 | ​ | ​ | — | ​ | ​ | 14,034
​ | ​ | $ | 220,353 | ​ | $ | 72,285 | ​ | $ | 159,028 | ​ | $ | 14,034
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Terminated interest rate swap | ​ | $ | 6,076 | ​ | $ | — | ​ | $ | 6,076 | ​ | $ | —
Active interest rate swaps | ​ | ​ | (11,925) | ​ | ​ | — | ​ | ​ | 610 | ​ | ​ | —
​ | ​ | $ | (5,849) | ​ | $ | — | ​ | $ | 6,686 | ​ | $ | —

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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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