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LOANS AND LEASES (Tables)

3 Months Ended

Mar. 31, 2026

Receivables [Abstract]

Schedule of composition of loans categorized by the type of loan

Loans outstanding, excluding those held for sale, by general ledger classification, as of March 31, 2026 and December 31, 2025, consisted of the following:

						% of								% of
		March 31,				Totals				December 31,				Total
(Dollars in thousands)		2026				Loans				2025				Loans
Residential mortgage		$	662,949				10.3	%		$	647,766				10.4	%
Multifamily mortgage			1,824,882				28.4				1,862,592				29.8
Commercial mortgage			887,712				13.8				774,428				12.4
Commercial loans (including equipment financing)			2,788,346				43.3				2,721,447				43.5
Commercial construction			695				0.0				495				0.0
Home equity lines of credit			58,194				0.9				59,306				0.9
Consumer loans, including fixed rate home equity loans			210,731				3.3				187,360				3.0
Other loans			860				0.0				342				0.0
Total loans		$	6,434,369				100.0	%		$	6,253,736				100.0	%

In determining an appropriate amount for the allowance, the Bank segments and aggregated the loan portfolio based on common characteristics. The following pool segments identified as of March 31, 2026 and December 31, 2025 are based on the CECL methodology:

						% of								% of
		March 31,				Totals				December 31,				Total
(Dollars in thousands)		2026				Loans				2025				Loans
Primary residential mortgage		$	652,450				10.1	%		$	632,890				10.1	%
Junior lien loan on residence			60,704				0.9				61,420				1.0
Multifamily property			1,824,882				28.4				1,862,592				29.8
Owner-occupied commercial real estate			294,248				4.6				289,801				4.6
Investment commercial real estate			1,217,060				18.9				1,101,082				17.6
Commercial and industrial			1,875,403				29.2				1,823,557				29.2
Lease financing			273,380				4.3				266,038				4.3
Construction			20,533				0.3				24,959				0.4
Consumer and other			213,732				3.3				189,633				3.0
Total loans			6,432,392				100.0	%			6,251,972				100.0	%
Net deferred costs			1,977								1,764
Total loans including net deferred costs		$	6,434,369							$	6,253,736

Schedule of recorded investment in nonaccrual and loans past due 90 days or over still on accrual

The following tables present the recorded investment in nonaccrual and loans past due 90 days or over still on accrual by class of loans as of March 31, 2026 and December 31, 2025:

						March 31, 2026
		Nonaccrual								Loans Past Due
		With No								90 Days or Over
		Allowance								And Still
(In thousands)		for Credit Loss				Nonaccrual				Accruing Interest
Primary residential mortgage		$	2,800			$	3,145			$	—
Junior lien loan on residence			104				104				—
Multifamily property			14,550				31,146				—
Investment commercial real estate			9,596				11,526				—
Commercial and industrial			9,009				13,377				—
Lease financing			23				23				—
Total		$	36,082			$	59,321			$	—

						December 31, 2025
		Nonaccrual								Loans Past Due
		With No								90 Days or Over
		Allowance								And Still
(In thousands)		for Credit Loss				Nonaccrual				Accruing Interest
Primary residential mortgage		$	2,573			$	2,573			$	—
Junior lien loan on residence			106				106				—
Multifamily property			14,671				31,343				—
Investment commercial real estate			9,628				11,557				—
Commercial and industrial			8,973				22,641				—
Lease financing			23				23				—
Total		$	35,974			$	68,243			$	—

Schedule of aging of past due loans

The following tables present the aging of the recorded investment in past due loans as of March 31, 2026 and December 31, 2025 by class of loans, excluding nonaccrual loans:

		March 31, 2026
		30-59				60-89				90 Days or
		Days				Days				Greater				Total
(In thousands)		Past Due				Past Due				Past Due				Past Due
Primary residential mortgage		$	981			$	776			$	—			$	1,757
Multifamily property			4,769				38,485				—				43,254
Commercial and industrial			556				1,486				—				2,042
Total		$	6,306			$	40,747			$	—			$	47,053

		December 31, 2025
		30-59				60-89				90 Days or
		Days				Days				Greater				Total
(In thousands)		Past Due				Past Due				Past Due				Past Due
Primary residential mortgage		$	7,121			$	799			$	—			$	7,920
Junior lien on residence			—				64				—				64
Multifamily property			4,642				9,576				—				14,218
Commercial and industrial			4,228				125				—				4,353
Total		$	15,991			$	10,564			$	—			$	26,555

Schedule of credit risk profile of loans

The following is a summary of the credit risk profile of loans by internally assigned grade as of March 31, 2026 and December 31, 2025 based on originations for the periods indicated; the years represent the year of origination for non-revolving loans:

		Grade as of March 31, 2026 for Loans Originated During
																						2021								Revolving-
(In thousands)		2026				2025				2024				2023				2022				and Prior				Revolving				Term				Total
Primary residential mortgage:
Pass		$	31,696			$	85,092			$	69,106			$	81,885			$	99,819			$	273,475			$	—			$	7,573			$	648,646
Special mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				1,327				1,063				1,414				—				—				3,804
Doubtful			—				—				—				—				—				—				—				—				—
Total primary residential mortgages			31,696				85,092				69,106				83,212				100,882				274,889				—				7,573				652,450
Current period gross charge-offs			—				—				—				—				—				—				—				—				—
Junior lien loan on residence:
Pass			—				—				—				444				929				638				52,643				5,947				60,601
Special mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				102				1				103
Doubtful			—				—				—				—				—				—				—				—				—
Total junior lien loan on residence			—				—				—				444				929				638				52,745				5,948				60,704
Current period gross charge-offs			—				—				—				—				—				—				—				—				—
Multifamily property:
Pass			38,110				227,916				23,537				50,832				410,848				955,089				—				45,005				1,751,337
Special mention			—				—				—				—				3,374				34,045				—				—				37,419
Substandard			—				—				—				—				—				36,126				—				—				36,126
Doubtful			—				—				—				—				—				—				—				—				—
Total multifamily property			38,110				227,916				23,537				50,832				414,222				1,025,260				—				45,005				1,824,882
Current period gross charge-offs			—				—				—				—				—				3,538				—				—				3,538
Owner-occupied commercial real estate:
Pass			16,867				61,125				31,712				3,334				20,864				136,552				11,858				9,834				292,146
Special mention			—				—				—				678				—				—				118				—				796
Substandard			—				—				—				—				—				1,306				—				—				1,306
Doubtful			—				—				—				—				—				—				—				—				—
Total owner-occupied commercial real estate			16,867				61,125				31,712				4,012				20,864				137,858				11,976				9,834				294,248
Current period gross charge-offs			—				—				—				—				—				—				—				—				—
Investment commercial real estate:
Pass			132,221				284,466				40,050				98,528				121,027				444,330				27,634				32,217				1,180,473
Special mention			—				—				—				—				21,834				3,227				—				—				25,061
Substandard			—				—				—				—				9,596				1,930				—				—				11,526
Doubtful			—				—				—				—				—				—				—				—				—
Total investment commercial real estate			132,221				284,466				40,050				98,528				152,457				449,487				27,634				32,217				1,217,060
Current period gross charge-offs			—				—				—				—				—				—				—				—				—
Commercial and industrial:
Pass			139,104				444,690				255,182				59,844				87,407				80,099				721,565				37,158				1,825,049
Special mention			—				—				147				863				—				6,457				3,000				2,192				12,659
Substandard			—				1,486				10,146				1,249				—				832				8,535				15,447				37,695
Doubtful			—				—				—				—				—				—				—				—				—
Total commercial and industrial			139,104				446,176				265,475				61,956				87,407				87,388				733,100				54,797				1,875,403
Current period gross charge-offs			—				—				—				7,810				—				—				—				—				7,810
Lease financing:
Pass			22,855				100,835				36,730				30,147				28,061				54,729				—				—				273,357
Special mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				23				—				—				23
Doubtful			—				—				—				—				—				—				—				—				—
Total lease financing			22,855				100,835				36,730				30,147				28,061				54,752				—				—				273,380
Current period gross charge-offs			—				—				—				—				—				—				—				—				—
Construction:
Pass			—				5,500				—				—				—				—				15,033				—				20,533
Special mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—				—
Total commercial construction loans			—				5,500				—				—				—				—				15,033				—				20,533
Current period gross charge-offs			—				—				—				—				—				—				—				—				—
Consumer and other loans:
Pass			43,902				116,088				—				—				—				2,429				48,734				2,579				213,732
Special mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—				—
Total consumer and other loans			43,902				116,088				—				—				—				2,429				48,734				2,579				213,732
Current period gross charge-offs			—				—				—				—				—				—				—				12				12
Total:

		Grade as of March 31, 2026 for Loans Originated During
																						2021								Revolving-
(In thousands)		2026				2025				2024				2023				2022				and Prior				Revolving				Term				Total
Pass			424,755				1,325,712				456,317				325,014				768,955				1,947,341				877,467				140,313				6,265,874
Special mention			—				—				147				1,541				25,208				43,729				3,118				2,192				75,935
Substandard			—				1,486				10,146				2,576				10,659				41,631				8,637				15,448				90,583
Doubtful			—				—				—				—				—				—				—				—				—
Total Loans		$	424,755			$	1,327,198			$	466,610			$	329,131			$	804,822			$	2,032,701			$	889,222			$	157,953			$	6,432,392
Total Current Period Gross Charge-offs		$	—			$	—			$	—			$	7,810			$	—			$	3,538			$	—			$	12			$	11,360

		Grade as of December 31, 2025 for Loans Originated During
																						2020								Revolving-
(In thousands)		2025				2024				2023				2022				2021				and Prior				Revolving				Term				Total
Primary residential mortgage:
Pass		$	85,591			$	71,744			$	84,353			$	100,859			$	65,826			$	213,686			$	—			$	7,595			$	629,654
Special mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				1,341				725				—				1,170				—				—				3,236
Doubtful			—				—				—				—				—				—				—				—				—
Total primary residential mortgages			85,591				71,744				85,694				101,584				65,826				214,856				—				7,595				632,890
Current period gross charge-offs			—				—				—				—				—				—				—				—				—
Junior lien loan on residence:
Pass			—				—				456				966				53				640				53,187				6,013				61,315
Special mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				104				1				105
Doubtful			—				—				—				—				—				—				—				—				—
Total junior lien loan on residence			—				—				456				966				53				640				53,291				6,014				61,420
Current period gross charge-offs			—				—				—				—				—				—				—				—				—
Multifamily property:
Pass			228,337				23,563				50,982				404,551				582,573				457,032				525				44,575				1,792,138
Special mention			—				—				—				—				9,577				4,510				—				—				14,087
Substandard			—				—				—				11,888				14,337				30,142				—				—				56,367
Doubtful			—				—				—				—				—				—				—				—				—
Total multifamily property			228,337				23,563				50,982				416,439				606,487				491,684				525				44,575				1,862,592
Current period gross charge-offs			—				—				—				6,724				—				6,267				—				—				12,991
Owner-occupied commercial real estate:
Pass			66,950				31,903				4,051				21,019				42,915				95,725				15,980				9,947				288,490
Special mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				1,311				—				—				1,311
Doubtful			—				—				—				—				—				—				—				—				—
Total owner-occupied commercial real estate			66,950				31,903				4,051				21,019				42,915				97,036				15,980				9,947				289,801
Current period gross charge-offs			—				—				—				—				—				—				—				—				—
Investment commercial real estate:
Pass			282,992				40,256				99,050				127,401				70,298				386,318				21,975				35,928				1,064,218
Special mention			—				—				—				22,030				—				3,277				—				—				25,307
Substandard			—				—				—				9,628				—				1,929				—				—				11,557
Doubtful			—				—				—				—				—				—				—				—				—
Total investment commercial real estate			282,992				40,256				99,050				159,059				70,298				391,524				21,975				35,928				1,101,082
Current period gross charge-offs			—				—				—				—				—				—				—				—				—
Commercial and industrial:
Pass			474,578				299,802				71,416				95,215				92,549				11,815				694,850				25,386				1,765,611
Special mention			—				—				935				—				6,870				647				3,000				181				11,633
Substandard			—				10,234				1,249				—				120				2,377				19,634				12,699				46,313
Doubtful			—				—				—				—				—				—				—				—				—
Total commercial and industrial			474,578				310,036				73,600				95,215				99,539				14,839				717,484				38,266				1,823,557
Current period gross charge-offs			—				232				2,517				11,087				—				44				—				—				13,880
Lease financing:
Pass			103,440				38,742				31,353				29,541				38,229				23,992				718				—				266,015
Special mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				23				—				—				23
Doubtful			—				—				—				—				—				—				—				—				—
Total lease financing			103,440				38,742				31,353				29,541				38,229				24,015				718				—				266,038
Current period gross charge-offs			—				—				—				—				—				—				—				—				—
Construction:
Pass			5,500				—				—				—				—				—				19,459				—				24,959
Special mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—				—
Total commercial construction loans			5,500				—				—				—				—				—				19,459				—				24,959
Current period gross charge-offs			—				—				—				—				—				—				—				—				—
Consumer and other loans:
Pass			140,823				—				—				—				149				2,623				43,417				2,621				189,633
Special mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—				—
Total consumer and other loans			140,823				—				—				—				149				2,623				43,417				2,621				189,633
Current period gross charge-offs			—				—				—				—				—				4				—				33				37
Total:
Pass			1,388,211				506,010				341,661				779,552				892,592				1,191,831				850,111				132,065				6,082,033
Special mention			—				—				935				22,030				16,447				8,434				3,000				181				51,027
Substandard			—				10,234				2,590				22,241				14,457				36,952				19,738				12,700				118,912
Doubtful			—				—				—				—				—				—				—				—				—
Total Loans		$	1,388,211			$	516,244			$	345,186			$	823,823			$	923,496			$	1,237,217			$	872,849			$	144,946			$	6,251,972
Total Current Period Gross Charge-offs		$	—			$	232			$	2,517			$	17,811			$	—			$	6,315			$	—			$	33			$	26,908

Summary of Information Related to Modification

The following tables provide information related to the modifications completed during the three months ended March 31, 2026 by pool segment and type of concession granted:

		Significant Payment Delay
		Three Months Ended
		March 31, 2026
						% of Total
		Amortized				Class of
		Cost Basis				Financing
(Dollars in thousands)		at Period End				Receivable
Primary residential mortgage		$	82				0.01	%
Total		$	82				0.01	%

		Combination Int Rate Reduction
		and Significant Payment Delay
		Three Months Ended
		March 31, 2026
						% of Total
		Amortized				Class of
		Cost Basis				Financing
(Dollars in thousands)		at Period End				Receivable
Multifamily property		$	1,209				0.07	%
Total		$	1,209				0.07	%

		Combination Significant Payment
		Delay & Term Extension
		Three Months Ended
		March 31, 2026
						% of Total
		Amortized				Class of
		Cost Basis				Financing
(Dollars in thousands)		at Period End				Receivable
Commercial and industrial		$	2,338				0.12	%
Total		$	2,338				0.12	%

The following table provides information related to the modifications during the three months ended March 31, 2025 by pool segment and type of concession granted:

		Significant Payment Delay
		Three Months Ended
		March 31, 2025
						% of Total
		Amortized				Class of
		Cost Basis				Financing
(Dollars in thousands)		at Period End				Receivable
Primary residential mortgage		$	295				0.05	%
Multifamily property			8,303				0.47	%
Commercial and industrial			10,689				0.66	%
Total		$	19,287				1.18	%

		Significant Payment Delay
		and Term Extension
		Three Months Ended
		March 31, 2025
						% of Total
		Amortized				Class of
		Cost Basis				Financing
(Dollars in thousands)		at Period End				Receivable
Commercial and industrial		$	416				0.03	%
Total		$	416				0.03	%

		Interest Rate Reduction and
		Significant Payment Delay
		Three Months Ended
		March 31, 2025
						% of Total
		Amortized				Class of
		Cost Basis				Financing
(Dollars in thousands)		at Period End				Receivable
Multifamily property		$	9,307				0.52	%
Total		$	9,307				0.52	%

Schedule of Loan Modifications, Subsequent Default, By Payment Status

The following table depicts the payment status of the loans that were modified to a borrower experiencing financial difficulties as of March 31, 2026:

		Payment Status at March 31, 2026
						30-89 Days				90+ Days
(Dollars in thousands)		Current				Past Due				Past Due
Primary residential mortgage		$	83			$	311			$	92
Multifamily property			43,101				47,481				—
Commercial and industrial			13,974				416				—
Total		$	57,158			$	48,208			$	92

The following table depicts the payment status of the loans that were modified to a borrower experiencing financial difficulties as of March 31, 2025:

		Payment Status at March 31, 2025
						30-89 Days				90+ Days
(Dollars in thousands)		Current				Past Due				Past Due
Primary residential mortgage		$	637			$	295			$	—
Multifamily property		$	9,307			$	8,303
Investment commercial real estate			17,804				—				—
Commercial and industrial			22,851				4,993				2,976
Total		$	50,599			$	13,591			$	2,976

Schedule of Loan modifications resulted in payment default

The following table presents loans by class modified that failed to comply with the modified terms in the twelve months following modification and resulted in a payment default at March 31, 2026:

		Amortized Cost Basis of Modified Loans
		That Subsequently Defaulted
		Three Months Ended March 31, 2026
														Interest Rate
						Interest Rate								Reduction &
						Reduction &								Pay Delay
		Significant				Significant				Term				and Term
(Dollars in thousands)		Pay Delay				Pay Delay				Extension				Extension
Primary residential mortgage		$	404			$	—			$	—			$	—
Multifamily property			40,582				18,771				—				2,882
Commercial and industrial			—				—				3,936				—
Total		$	40,986			$	18,771			$	3,936			$	2,882

The following table presents loans by class modified that failed to comply with the modified terms in the twelve months following modification and resulted in a payment default at March 31, 2025:

		Amortized Cost Basis of Modified Loans
		That Subsequently Defaulted
		Three Months Ended
		March 31, 2025
		Significant				Interest
(Dollars in thousands)		Pay Delay				Rate Reduction
Primary residential mortgage		$	932			$	—
Multifamily property			8,303				—
Investment commercial real estate			—				17,804
Commercial and industrial			—				5,203
Total		$	9,235			$	23,007

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