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ALLOWANCE FOR CREDIT LOSSES (Tables)

6 Months Ended

Jun. 30, 2026

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 June 30, 2026 and December 31, 2025. The allowance was based on the CECL methodology.

		June 30, 2026
						Ending ACL
						Attributable								Ending 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		$	3,097			$	—			$	664,674			$	5,717			$	667,771			$	5,717
Junior lien loan on residence			103				—				57,364				178				57,467				178
Multifamily property			42,571				1,818				1,761,809				8,572				1,804,380				10,390
Owner-occupied commercial real estate			—				—				297,144				3,421				297,144				3,421
Investment commercial real estate			9,564				—				1,311,425				15,584				1,320,989				15,584
Commercial and industrial			12,619				2,806				1,976,315				24,216				1,988,934				27,022
Lease financing			—				—				287,212				2,825				287,212				2,825
Construction			—				—				21,466				342				21,466				342
Consumer and other loans			80				80				227,311				3,608				227,391				3,688
Total ACL		$	68,034			$	4,704			$	6,604,720			$	64,463			$	6,672,754			$	69,167

		December 31, 2025
						Ending ACL
						Attributable								Ending 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		$	2,573			$	—			$	630,317			$	5,328			$	632,890			$	5,328
Junior lien loan on residence			106				—				61,314				208				61,420				208
Multifamily property			31,343				3,574				1,831,249				8,884				1,862,592				12,458
Owner-occupied commercial real estate			—				—				289,801				3,630				289,801				3,630
Investment commercial real estate			11,557				994				1,089,525				12,993				1,101,082				13,987
Commercial and industrial			22,641				7,466				1,800,916				21,919				1,823,557				29,385
Lease financing			23				—				266,015				2,554				266,038				2,554
Construction			—				—				24,959				297				24,959				297
Consumer and other loans			—				—				189,633				3,192				189,633				3,192
Total ACL		$	68,243			$	12,034			$	6,183,729			$	59,005			$	6,251,972			$	71,039

Schedule of loans individually evaluated by segment

The following tables present collateral dependent loans individually evaluated by segment as of June 30, 2026 and December 31, 2025:

		June 30, 2026
														Average
		Unpaid												Individually
		Principal				Recorded				Related				Evaluated
(In thousands)		Balance				Investment				Allowance				Loans
With no related allowance recorded:
Primary residential mortgage (A)		$	3,331			$	3,097			$	—			$	3,022
Junior lien loan on residence (A)			116				103				—				104
Multifamily property (B)			23,611				22,620				—				22,080
Investment commercial real estate (C)			12,500				9,564				—				11,199
Commercial and industrial (A)(C)(D)			10,732				2,963				—				6,371
Total loans with no related allowance		$	50,290			$	38,347			$	—			$	42,776
With related allowance recorded:
Multifamily property (B)		$	20,249			$	19,951			$	1,818			$	11,176
Commercial and industrial (A)(C)(D)			10,095				9,656				2,806				9,754
Consumer and other loans (E)			80				80				80				13
Total loans with related allowance		$	30,424			$	29,687			$	4,704			$	20,943
Total loans individually evaluated		$	80,714			$	68,034			$	4,704			$	63,719

(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) Unsecured.

		December 31, 2025
														Average
		Unpaid												Individually
		Principal				Recorded				Related				Evaluated
(In thousands)		Balance				Investment				Allowance				Loans
With no related allowance recorded:
Primary residential mortgage (A)		$	2,761			$	2,573			$	—			$	2,979
Junior lien loan on residence (A)			117				106				—				109
Multifamily property (B)			15,264				14,671				—				33,732
Investment commercial real estate (C)			12,500				9,628				—				9,682
Commercial and industrial (A)(C)(D)			9,057				8,600				—				21,608
Lease financing (E)			126				23				—				821
Total loans with no related allowance		$	39,825			$	35,601			$	—			$	68,931
With related allowance recorded:
Multifamily property (B)		$	16,862			$	16,672			$	3,574			$	14,748
Investment commercial real estate (C)			1,929				1,929				994				1,929
Commercial and industrial (A)(C)(D)			14,041				14,041				7,466				7,630
Total loans with related allowance		$	32,832			$	32,642			$	12,034			$	24,307
Total loans individually evaluated for impairment		$	72,657			$	68,243			$	12,034			$	93,238

(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 three months ended June 30, 2026 and June 30, 2025 is summarized below:

		April 1,																June 30,
		2026																2026
		Beginning												Provision				Ending
(In thousands)		ACL				Charge-offs				Recoveries				(Credit) (A)				ACL
Primary residential mortgage		$	5,396			$	(1	)		$	—			$	322			$	5,717
Junior lien loan on residence			195				—				—				(17	)			178
Multifamily property			12,129				(4,760	)			—				3,021				10,390
Owner-occupied commercial real estate			3,544				—				—				(123	)			3,421
Investment commercial real estate			15,207				(994	)			—				1,371				15,584
Commercial and industrial			24,312				(345	)			230				2,825				27,022
Lease financing			2,544				—				—				281				2,825
Construction			209				—				—				133				342
Consumer and other loans			3,490				(2	)			1				199				3,688
Total ACL		$	67,026			$	(6,102	)		$	231			$	8,012			$	69,167

(A) Provision to roll forward the ACL excludes provision of $76,000 for off-balance sheet commitments.

		April 1,																June 30,
		2025																2025
		Beginning												Provision				Ending
(In thousands)		ACL				Charge-offs				Recoveries				(Credit) (A)				ACL
Primary residential mortgage		$	4,469			$	—			$	—			$	359			$	4,828
Junior lien loan on residence			195				—				—				14				209
Multifamily property			17,730				—				—				796				18,526
Owner-occupied commercial real estate			3,464				—				—				(210	)			3,254
Investment commercial real estate			11,764				—				—				762				12,526
Commercial and industrial			32,980				—				24				4,541				37,545
Lease financing			1,816				—				—				388				2,204
Construction			158				—				—				32				190
Consumer and other loans			2,574				(20	)			39				(105	)			2,488
Total ACL		$	75,150			$	(20	)		$	63			$	6,577			$	81,770

(A) Provision to roll forward the ACL excludes a provision of $9,000 for off-balance sheet commitments.

The activity in the allowance for credit losses for the six months ended June 30, 2026 and June 30, 2025 is summarized below:

		January 1,																June 30,
		2026																2026
		Beginning												Provision				Ending
(In thousands)		ACL				Charge-offs				Recoveries				(Credit) (A)				ACL
Primary residential mortgage		$	5,328			$	(1	)		$	—			$	390			$	5,717
Junior lien loan on residence			208				—				—				(30	)			178
Multifamily property			12,458				(8,298	)			—				6,230				10,390
Owner-occupied commercial real estate			3,630				—				—				(209	)			3,421
Investment commercial real estate			13,987				(994	)			—				2,591				15,584
Commercial and industrial			29,385				(8,155	)			255				5,537				27,022
Lease financing			2,554				—				—				271				2,825
Construction			297				—				—				45				342
Consumer and other loans			3,192				(14	)			1				509				3,688
Total ACL		$	71,039			$	(17,462	)		$	256			$	15,334			$	69,167

(A) Provision to roll forward the ACL excludes a provision of $81,000 for off-balance sheet commitments.

		January 1,																June 30,
		2025																2025
		Beginning												Provision				Ending
(In thousands)		ACL				Charge-offs				Recoveries				(Credit) (A)				ACL
Primary residential mortgage		$	4,398			$	—			$	—			$	430			$	4,828
Junior lien loan on residence			180				—				—				29				209
Multifamily property			17,653				—				—				873				18,526
Owner-occupied commercial real estate			3,208				—				—				46				3,254
Investment commercial real estate			11,685				—				—				841				12,526
Commercial and industrial			33,075				(2,349	)			48				6,771				37,545
Lease financing			1,488				—				—				716				2,204
Construction			121				—				—				69				190
Consumer and other loans			1,184				(31	)			39				1,296				2,488
Total ACL		$	72,992			$	(2,380	)		$	87			$	11,071			$	81,770

(A) Provision to roll forward the ACL excludes a credit of $14,000 for off-balance sheet commitments.

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 six months ended June 30, 2026 and 2025:

		January 1,
		2026								June 30,
		Beginning				Provision				2026
(In thousands)		ACL				(Credit)				Ending ACL
Off balance sheet commitments		$	608			$	81			$	689
Total ACL		$	608			$	81			$	689

		January 1,
		2025								June 30,
		Beginning				Provision				2025
(In thousands)		ACL				(Credit)				Ending ACL
Off balance sheet commitments		$	691			$	(14	)		$	677
Total ACL		$	691			$	(14	)		$	677

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Schedule of loans individually evaluated by segment.

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- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: 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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- Definition

Tabular disclosure of allowance for credit loss of financing receivable, classified as current.

+ References

Reference 1: 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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