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ALLOWANCE FOR CREDIT LOSSES (Tables)

12 Months Ended

Dec. 31, 2022

Credit Loss [Abstract]

Schedule of loan balances by segment and the corresponding balances in the allowance for loan losses

The following table presents the loan balances by segment, and the corresponding balances in the allowance as of December 31, 2022. For the period ended December 31, 2022, the allowance was based on the CECL methodology.

December 31, 2022
						Ending
						ACL								Ending
						Attributable								ACL
		Total				To				Total				Attributable
		Individually				Individually				Loans				To Loans								Total
		Evaluated				Evaluated				Collectively				Collectively				Total				Ending
(In thousands)		Loans				Loans				Evaluated				Evaluated				Loans				ACL
Primary residential mortgage		$	374			$	—			$	527,410			$	2,894			$	527,784			$	2,894
Junior lien loan on residence			—				—				38,265				154				38,265				154
Multifamily property			—				—				1,863,915				8,849				1,863,915				8,849
Owner-occupied commercial    real estate			—				—				272,009				4,835				272,009				4,835
Investment commercial real    estate			11,208				1,208				1,032,917				14,272				1,044,125				15,480
Commercial and industrial			3,385				299				1,191,277				25,231				1,194,662				25,530
Lease financing			1,765				—				286,801				2,314				288,566				2,314
Construction			—				—				9,936				236				9,936				236
Consumer and other			—				—				42,319				537				42,319				537
Total ACL		$	16,732			$	1,507			$	5,264,849			$	59,322			$	5,281,581			$	60,829

The following table presents the loan balances by portfolio class, based on impairment method, and the corresponding balances in the allowances as of December 31, 2021. For the year ended December 31, 2021, the allowance was calculated based on the incurred loss methodology:

December 31, 2021
		Total				Ending ALLL				Total				Ending ALLL
		Loans				Attributable				Loans				Attributable
		Individually				to Loans				Collectively				to Loans
		Evaluated				Individually				Evaluated				Collectively								Total
		for				Evaluated for				for				Evaluated for				Total				Ending
(In thousands)		Impairment				Impairment				Impairment				Impairment				Loans				ALLL
Primary residential mortgage		$	2,242			$	—			$	498,001			$	1,432			$	500,243			$	1,432
Home equity lines of credit			—				—				40,803				83				40,803				83
Junior lien loan on residence			18				—				3,173				5				3,191				5
Multifamily property			—				—				1,595,866				9,806				1,595,866				9,806
Owner-occupied commercial    real estate			458				—				252,145				1,998				252,603				1,998
Investment commercial real    estate			12,750				4,234				991,229				22,849				1,003,979				27,083
Commercial and industrial			2,584				—				989,748				17,509				992,332				17,509
Lease financing			—				—				345,868				3,440				345,868				3,440
Secured by farmland and    agricultural production			—				—				6,871				84				6,871				84
Commercial construction			—				—				20,174				42				20,174				42
Consumer and other			—				—				40,828				215				40,828				215
Total ALLL		$	18,052			$	4,234			$	4,784,706			$	57,463			$	4,802,758			$	61,697

Schedule of loans individually evaluated by segment

The following tables present collateral dependent loans individually evaluated by segment as of December 31, 2022:

		December 31, 2022
														Average
		Unpaid												Individually
		Principal				Recorded				Related				Evaluated
(In thousands)		Balance				Investment				Allowance				Loans
With no related allowance recorded:
Primary residential mortgage		$	415			$	374			$	—			$	249
Commercial and industrial			3,868				1,836				—				539
Lease financing			1,792				1,765				—				444
Total loans with no related allowance		$	6,075			$	3,975			$	—			$	1,232
With related allowance recorded:
Investment commercial real estate		$	12,500			$	11,208			$	1,208			$	12,402
Commercial and industrial			1,555				1,549				299				174
Total loans with related allowance		$	14,055			$	12,757			$	1,507			$	12,576
Total loans individually evaluated for impairment		$	20,130			$	16,732			$	1,507			$	13,808

The following table presents, under previously applicable GAAP, loans individually evaluated for impairment as of December 31, 2021 (the average impaired loans on the following table represent year to date impaired loans):

		December 31, 2021
		Unpaid												Average
		Principal				Recorded				Specific				Impaired
(In thousands)		Balance				Investment				Reserves				Loans
With no related allowance recorded:
Primary residential mortgage		$	2,453			$	2,242			$	—			$	1,818
Owner-occupied commercial real estate			492				458				—				540
Junior lien loan on residence			18				18				—				3
Commercial and industrial			4,549				2,584				—				3,153
Total loans with no related allowance		$	7,512			$	5,302			$	—			$	5,514
With related allowance recorded:
Investment commercial real estate		$	19,887			$	12,750			$	4,234			$	6,034
Total loans with related allowance		$	19,887			$	12,750			$	4,234			$	6,034
Total loans individually evaluated for impairment		$	27,399			$	18,052			$	4,234			$	11,548

Schedule of Activity in Allowance for Loan and Losses

The activity in the allowance for credit losses for the year ended December 31, 2022 is summarized below:

		December 31,
		2021
		Prior to																				December 31,
		Adoption				Impact of																2022
		of				Adopting				Charge-								Provision/				Ending
(In thousands)		Topic 326				Topic 326				Offs				Recoveries				(Credit)(1)				ACL
Primary residential mortgage		$	1,510			$	717			$	—			$	15			$	652			$	2,894
Junior lien loan on residence			88				83				(3	)			—				(14	)			154
Multifamily property			9,806				4,072				—				—				(5,029	)			8,849
Owner-occupied commercial real estate			1,998				2,902				—				—				(65	)			4,835
Investment commercial real estate			27,083				(13,589	)			(1,450	)			—				3,436				15,480
Commercial and industrial			17,509				(657	)			—				254				8,424				25,530
Lease financing			3,440				156				—				—				(1,282	)			2,314
Commercial construction			48				361				—				—				(173	)			236
Consumer and other			215				419				(53	)			2				(46	)			537
Total ACL		$	61,697			$	(5,536	)		$	(1,506	)		$	271			$	5,903			$	60,829

(1) Provision to roll forward the ACL excludes a provision of $450,000 for off-balance sheet commitments.

For the accounting policy on the allowance for loan losses that was in effect prior to the adoption of Topic 326, refer to Note 1, Summary of Significant Accounting Policies in our Annual Report on Form 10-K for the year-ended December 31, 2021. The activity in the allowance for loan and lease losses for the years ended December 31, 2021 and 2020 is summarized below:

		January 1,																December 31,
		2021																2021
		Beginning												Provision				Ending
(In thousands)		ALLL				Charge-Offs				Recoveries				(Credit)				ALLL
Primary residential mortgage		$	2,905			$	(12	)		$	—			$	(1,461	)		$	1,432
Home equity lines of credit			218				—				85				(220	)			83
Junior lien loan on residence			15				—				—				(10	)			5
Multifamily property			9,945				—				—				(139	)			9,806
Owner-occupied commercial real estate			3,050				—				—				(1,052	)			1,998
Investment commercial real estate			27,713				(7,137	)			—				6,507				27,083
Commercial and industrial			19,047				(5,019	)			66				3,415				17,509
Lease financing			3,936				—				—				(496	)			3,440
Secured by farmland and agricultural			43				—				—				41				84
Commercial construction			158				—				—				(116	)			42
Consumer and other			279				(80	)			10				6				215
Total ALLL		$	67,309			$	(12,248	)		$	161			$	6,475			$	61,697

		January 1,																December 31,
		2020																2020
		Beginning												Provision				Ending
(In thousands)		ALLL				Charge-Offs				Recoveries				(Credit)				ALLL
Primary residential mortgage		$	2,090			$	(559	)		$	373			$	1,001			$	2,905
Home equity lines of credit			128				—				11				79				218
Junior lien loan on residence			13				—				—				2				15
Multifamily property			6,037				(56	)			—				3,964				9,945
Owner-occupied commercial real estate			2,064				(51	)			—				1,037				3,050
Investment commercial real estate			15,988				(6,092	)			31				17,786				27,713
Commercial and industrial			14,353				(2,418	)			17				7,095				19,047
Lease financing			2,642				—				—				1,294				3,936
Secured by farmland and agricultural			38				—				—				5				43
Commercial construction			27				—				—				131				158
Consumer and other			296				(27	)			4				6				279
Total ALLL		$	43,676			$	(9,203	)		$	436			$	32,400			$	67,309

Schedule of Activity in ACL for Off Balance Sheet Commitments

The following table presents the activity in the ACL for off balance sheet commitments for the year ended December 31,2022:

		December 31,
		2021												December 31,
		Prior to Adoption				Impact of				Provision				2022
(In thousands)		of Topic 326				Adopting Topic 326				(Credit)				Ending ACL
Off balance sheet commitments		$	—			$	302			$	450			$	752
Total ACL		$	—			$	302			$	450			$	752

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Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

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+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=123577603&loc=d3e5212-111524

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+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

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