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ALLOWANCE FOR CREDIT LOSSES (Tables)

12 Months Ended

Dec. 31, 2024

Credit Loss [Abstract]

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

The following tables present the loan balances by segment, and the corresponding balances in the allowance as of December 31, 2024 and 2023.

	December 31, 2024
						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		$	2,779			$	—			$	606,259			$	4,398			$	609,038			$	4,398
Junior lien loan on residence			92				—				45,215				180				45,307				180
Multifamily property			53,105				5,149				1,746,649				12,504				1,799,754				17,653
Owner-occupied commercial    real estate			—				—				275,089				3,208				275,089				3,208
Investment commercial real    estate			11,684				735				966,752				10,950				978,436				11,685
Commercial and industrial			30,881				6,678				1,458,585				26,397				1,489,466				33,075
Lease financing			1,234				121				221,263				1,367				222,497				1,488
Construction			—				—				11,204				121				11,204				121
Consumer and other			—				—				80,165				1,184				80,165				1,184
Total ACL		$	99,775			$	12,683			$	5,411,181			$	60,309			$	5,510,956			$	72,992

	December 31, 2023
						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		$	652			$	—			$	584,474			$	3,931			$	585,126			$	3,931
Junior lien loan on residence			100				—				40,103				177				40,203				177
Multifamily property			16,645				—				1,819,745				8,782				1,836,390				8,782
Owner-occupied commercial    real estate			—				—				255,110				4,840				255,110				4,840
Investment commercial real    estate			9,881				—				1,051,316				15,403				1,061,197				15,403
Commercial and industrial			31,430				4,518				1,283,351				25,189				1,314,781				29,707
Lease financing			2,002				20				249,421				1,643				251,423				1,663
Construction			—				—				17,987				516				17,987				516
Consumer and other			—				—				63,906				869				63,906				869
Total ACL		$	60,710			$	4,538			$	5,365,413			$	61,350			$	5,426,123			$	65,888

Schedule of loans individually evaluated by segment

The following tables present collateral dependent loans individually evaluated by segment as of December 31, 2024 and 2023:

		December 31, 2024
														Average
		Unpaid												Individually
		Principal				Recorded				Related				Evaluated
(In thousands)		Balance				Investment				Allowance				Loans
With no related allowance recorded:
Primary residential mortgage (A)		$	2,935			$	2,779			$	—			$	1,851
Junior lien loan on residence (A)			97				92				—				101
Multifamily property (B)			15,320				15,295				—				16,968
Investment commercial real estate (C)			12,500				9,754				—				9,810
Commercial and industrial (A)(C)(D)			3,885				2,738				—				3,558
Lease financing (E)			542				434				—				1,363
Total loans with no related allowance		$	35,279			$	31,092			$	—			$	33,651
With related allowance recorded:
Multifamily property (B)		$	37,874			$	37,810			$	5,149			$	17,020
Investment commercial real estate (C)			1,930				1,930				735				1,126
Commercial and industrial (A)(C)(D)(E)			31,145				28,143				6,678				27,962
Lease financing (E)			845				800				121				867
Total loans with related allowance		$	71,794			$	68,683			$	12,683			$	46,975
Total loans individually evaluated for impairment		$	107,073			$	99,775			$	12,683			$	80,626

(A)Secured by residential real estate.

(B)Secured by multifamily residential properties.

(C)Secured by commercial real estate.

(D)Secured by all business assets.

(E)Secured by machinery and equipment.

		December 31, 2023
		Unpaid												Average
		Principal				Recorded				Specific				Impaired
(In thousands)		Balance				Investment				Reserves				Loans
With no related allowance recorded:
Primary residential mortgage (A)		$	712			$	652			$	—			$	428
Junior lien loan on residence (A)			100				100				—				8
Multifamily property (B)			18,868				16,645				—				5,964
Investment commercial real estate (C)			12,500				9,881				—				5,781
Commercial and industrial (A)(C)(D)			6,275				3,965				—				2,146
Lease financing (E)			1,035				946				—				2,067
Total loans with no related allowance		$	39,490			$	32,189			$	—			$	16,394
With related allowance recorded:
Commercial and industrial (C)(D)(E)		$	28,359			$	27,465			$	4,518			$	9,814
Lease financing (E)			1,079				1,056				20				1,611
Total loans with related allowance		$	29,438			$	28,521			$	4,538			$	11,425
Total loans individually evaluated for impairment		$	68,928			$	60,710			$	4,538			$	27,819

(A)Secured by residential real estate.

(B)Secured by multifamily residential properties.

(C)Secured by commercial real estate.

(D)Secured by all business assets.

(E)Secured by machinery and equipment.

Schedule of Activity in Allowance for Loan and Losses

The activity in the allowance for credit losses for the years ended December 31, 2024, 2023 and 2022 are summarized below:

		January 1,																December 31,
		2024																2024
		Beginning				Charge-								Provision/				Ending
(In thousands)		ACL				Offs				Recoveries				(Credit)(A)				ACL
Primary residential mortgage		$	3,931			$	(43	)		$	—			$	510			$	4,398
Junior lien loan on residence			177				—				—				3				180
Multifamily property			8,782				(5,379	)			—				14,250				17,653
Owner-occupied commercial real estate			4,840				—				—				(1,632	)			3,208
Investment commercial real estate			15,403				—				—				(3,718	)			11,685
Commercial and industrial			29,707				(345	)			2,195				1,518				33,075
Lease financing			1,663				—				3,214				(3,389	)			1,488
Construction			516				—				—				(395	)			121
Consumer and other			869				(39	)			5				349				1,184
Total ACL		$	65,888			$	(5,806	)		$	5,414			$	7,496			$	72,992

(A) Provision to roll forward the ACL excludes a provision of $4,000 for off-balance sheet commitments.

		January 1,																December 31,
		2023																2023
		Beginning				Charge-								Provision/				Ending
(In thousands)		ACL				Offs				Recoveries				(Credit)(A)				ACL
Primary residential mortgage		$	2,894			$	—			$	52			$	985			$	3,931
Junior lien loan on residence			154				—				—				23				177
Multifamily property			8,849				(2,223	)			—				2,156				8,782
Owner-occupied commercial real estate			4,835				—				—				5				4,840
Investment commercial real estate			15,480				(1,199	)			—				1,122				15,403
Commercial and industrial			25,530				—				—				4,177				29,707
Lease financing			2,314				(5,594	)			—				4,943				1,663
Construction			236				—				—				280				516
Consumer and other			537				(139	)			6				465				869
Total ACL		$	60,829			$	(9,155	)		$	58			$	14,156			$	65,888

(A) Provision to roll forward the ACL excludes a credit of $65,000 for off-balance sheet commitments.

		December 31,
			2021
		Prior to																				December 31,
		Adoption				Impact of																2022
		of				Adopting												Provision/				Ending
(In thousands)		Topic 326				Topic 326				Charge-Offs				Recoveries				(Credit)(A)				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
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

Schedule of Activity in ACL for Off Balance Sheet Commitments

The following tables present the activity in the ACL for off balance sheet commitments for the years ended December 31, 2024, 2023 and 2022:

		January 1,								December 31,
		2024				Provision				2024
(In thousands)		ACL				(Credit)				Ending ACL
Off balance sheet commitments		$	687			$	4			$	691
Total ACL		$	687			$	4			$	691

		January 1,								December 31,
		2023				Provision				2023
(In thousands)		ACL				(Credit)				Ending ACL
Off balance sheet commitments		$	752			$	(65	)		$	687
Total ACL		$	752			$	(65	)		$	687

		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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Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-13

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Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
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-URI https://asc.fasb.org/1943274/2147481962/310-10-50-15

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-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11B
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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-Section 50
-Paragraph 13
-Publisher FASB
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