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FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets Measured at Fair Value on Recurring Basis

The following tables summarize, at the dates indicated, assets measured at fair value on a recurring basis, including financial assets for which the Company has elected the fair value option:

Assets Measured on a Recurring Basis

						Fair Value Measurements Using
						Quoted
						Prices in
						Active				Significant
						Markets For				Other				Significant
						Identical				Observable				Unobservable
		June 30,				Assets				Inputs				Inputs
(In thousands)		2025				(Level 1)				(Level 2)				(Level 3)
Assets:
Available for sale:
U.S. government-sponsored agencies		$	205,403			$	—			$	205,403			$	—
Mortgage-backed securities-residential			528,723				—				528,723				—
SBA pool securities			18,663				—				18,663				—
Corporate bond			14,744				—				14,744				—
CRA investment fund			13,278				13,278				—				—
Derivatives:
Cash flow hedges			3,629				—				3,629				—
Loan level swaps			11,725				—				11,725				—
Total		$	796,165			$	13,278			$	782,887			$	—
Liabilities:
Derivatives:
Loan level swaps			11,725				—				11,725				—
Total		$	11,725			$	—			$	11,725			$	—

Assets Measured on a Recurring Basis

						Fair Value Measurements Using
						Quoted
						Prices in
						Active				Significant
						Markets For				Other				Significant
						Identical				Observable				Unobservable
		December 31,				Assets				Inputs				Inputs
(In thousands)		2024				(Level 1)				(Level 2)				(Level 3)
Assets:
Securities available for sale:
U.S. government-sponsored agencies		$	196,914			$	—			$	196,914			$	—
Mortgage-backed securities-residential			548,612				—				548,612				—
SBA pool securities			24,482				—				24,482				—
Corporate bond			14,536				—				14,536				—
CRA investment fund			13,041				13,041				—				—
Derivatives:
Cash flow hedges			7,815				—				7,815				—
Loan level swaps			22,275				—				22,275				—
Total		$	827,675			$	13,041			$	814,634			$	—
Liabilities:
Derivatives:
Loan level swaps		$	22,275			$	—			$	22,275			$	—
Total		$	22,275			$	—			$	22,275			$	—

Schedule of Assets Measured at Fair Value on Non-Recurring Basis

The following tables summarize, at the dates indicated, assets measured at fair value on a non-recurring basis:

						Fair Value Measurements Using
						Quoted
						Prices in
						Active				Significant
						Markets For				Other				Significant
						Identical				Observable				Unobservable
		June 30,				Assets				Inputs				Inputs
(In thousands)		2025				(Level 1)				(Level 2)				(Level 3)
Assets:
Individually evaluated loans:
Multifamily property		$	29,554			$	—			$	—			$	29,554
Investment commercial real estate			853				—				—				853
Commercial and industrial			13,258				—				—				13,258
Lease financing			679				—				—				679

						Fair Value Measurements Using
						Quoted
						Prices in
						Active				Significant
						Markets For				Other				Significant
						Identical				Observable				Unobservable
		December 31,				Assets				Inputs				Inputs
(In thousands)		2024				(Level 1)				(Level 2)				(Level 3)
Assets:
Individually evaluated loans:
Multifamily property		$	32,661			$	—			$	—			$	32,661
Investment commercial real estate			1,195				—				—				1,195
Commercial and industrial			21,465				—				—				21,465
Lease financing			679				—				—				679

Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments

The carrying amounts and estimated fair values of financial instruments at June 30, 2025 are as follows:

						Fair Value Measurements at June 30, 2025 using
		Carrying
(In thousands)		Amount				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	315,602			$	315,602			$	—			$	—			$	315,602
Securities available for sale			767,533				—				767,533				—				767,533
Securities held to maturity			98,623				—				88,079				—				88,079
CRA investment fund			13,278				13,278				—				—				13,278
FHLB and FRB stock			11,467				—				—				—			N/A
Loans held for sale, at lower of cost or fair value			5,495				—				5,949				—				5,949
Loans, net of allowance for credit losses			5,737,267				—				—				5,580,828				5,580,828
Accrued interest receivable			33,209				—				3,553				29,656				33,209
Accrued interest receivable loan level swaps (A)			722				—				722				—				722
Cash flow hedges			3,629				—				3,629				—				3,629
Loan level swaps			11,003				—				11,003				—				11,003
Financial liabilities
Deposits		$	6,363,123			$	5,920,670			$	440,012			$	—			$	6,360,682
Subordinated debt			98,933				—				—				95,182				95,182
Accrued interest payable			7,147				5,854				1,274				19				7,147
Accrued interest payable loan level swaps (B)			722				—				722				—				722
Loan level swap			11,003				—				11,003				—				11,003

(A)Included in other assets in the Consolidated Statement of Condition.

(B)Included in accrued expenses and other liabilities in the Consolidated Statement of Condition.

The carrying amounts and estimated fair values of financial instruments at December 31, 2024 are as follows:

						Fair Value Measurements at December 31, 2024 using
		Carrying
(In thousands)		Amount				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	391,367			$	391,367			$	—			$	—			$	391,367
Securities available for sale			784,544				—				784,544				—				784,544
Securities held to maturity			101,635				—				88,650				—				88,650
CRA investment fund			13,041				13,041				—				—				13,041
FHLB and FRB stock			12,373				—				—				—			N/A
Loans held for sale, at lower of cost or fair value			8,594				—				9,315				—				9,315
Loans, net of allowance for loan and lease losses			5,439,334				—				—				5,198,085				5,198,085
Accrued interest receivable			29,898				—				3,695				26,203				29,898
Accrued interest receivable loan level swaps (A)			849				—				849				—				849
Cash flow hedges			7,815				—				7,815				—				7,815
Loan level swaps			21,426				—				21,426				—				21,426
Financial liabilities
Deposits		$	6,129,022			$	5,638,163			$	488,026			$	—			$	6,126,189
Subordinated debt			133,561				—				—				125,750				125,750
Accrued interest payable			8,354				6,327				1,881				146				8,354
Accrued interest payable loan level swaps (B)			849				—				849				—				849
Loan level swaps			21,426				—				21,426				—				21,426

(A)Included in other assets in the Consolidated Statement of Condition.

(B)Included in accrued expenses and other liabilities in the Consolidated Statement of Condition.

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

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- References

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X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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