OceanFirst Financial (OCFC) 10-Q 5 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	May 02, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	001-11713
Entity Registrant Name	OceanFirst Financial Corp
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	22-3412577
Entity Address, Address Line One	110 West Front Street,
Entity Address, City or Town	Red Bank,
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07701
City Area Code	732
Local Phone Number	240-4500
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		59,390,241
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001004702
Current Fiscal Year End Date	--12-31
Common Stock
Entity Information [Line Items]
Title of 12(b) Security	Common stock, $0.01 par value per share
Trading Symbol	OCFC
Security Exchange Name	NASDAQ
Depositary Shares
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares (each representing a 1/40th interest in a share of 7.0% Series A Non-Cumulative, perpetual preferred stock)
Trading Symbol	OCFCP
Security Exchange Name	NASDAQ

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 210,919	$ 204,949
Debt securities available-for-sale, at estimated fair value	546,470	568,255
Debt securities held-to-maturity, net of allowance for securities credit losses of $1,380 at March 31, 2022 and $1,467 at December 31, 2021 (estimated fair value of $1,050,892 at March 31, 2022 and $1,152,744 at December 31, 2021)	1,099,514	1,139,193
Equity investments	93,888	101,155
Restricted equity investments, at cost	56,704	53,195
Loans receivable, net of allowance for loan credit losses of $50,598 at March 31, 2022 and $48,850 at December 31, 2021	9,065,679	8,583,352
Interest and dividends receivable	33,353	32,606
Other real estate owned	106	106
Premises and equipment, net	126,767	125,828
Bank owned life insurance	259,121	259,207
Assets held for sale	5,676	6,229
Goodwill	500,319	500,319
Core deposit intangible	17,005	18,215
Other assets	149,424	147,007
Total assets	12,164,945	11,739,616
Liabilities and Stockholders’ Equity
Deposits	10,056,233	9,732,816
Federal Home Loan Bank (“FHLB”) advances	75,002	0
Securities sold under agreements to repurchase with customers	117,782	118,769
Other borrowings	194,396	229,141
Advances by borrowers for taxes and insurance	25,398	20,305
Other liabilities	176,800	122,032
Total liabilities	10,645,611	10,223,063
Stockholders’ equity:
Preferred stock, $0.01 par value, $1,000 liquidation preference, 5,000,000 shares authorized, and 57,370 shares issued at both March 31, 2022 and December 31, 2021	1	1
Common stock, $0.01 par value, 150,000,000 shares authorized, 61,849,762 and 61,535,381 shares issued at March 31, 2022 and December 31, 2021, respectively; and 59,388,983 and 59,175,046 shares outstanding at March 31, 2022 and December 31, 2021, respectively	612	611
Additional paid-in capital	1,149,503	1,146,781
Retained earnings	456,251	442,306
Accumulated other comprehensive loss	(15,170)	(2,821)
Less: Unallocated common stock held by Employee Stock Ownership Plan ("ESOP")	(8,009)	(8,615)
Treasury stock, 2,460,779 and 2,360,335 shares at March 31, 2022 and December 31, 2021, respectively	(63,854)	(61,710)
Total stockholders’ equity	1,519,334	1,516,553
Total liabilities and stockholders’ equity	$ 12,164,945	$ 11,739,616

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for Credit Losses	$ 1,380,000	$ 1,467,000
Securities held-to-maturity, fair value	1,050,892,000	1,152,744,000
Allowance for loan credit losses	$ 50,598,000	$ 48,850,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, liquidation preference, value	$ 1,000	$ 1,000
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	57,370	57,370
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	61,849,762	61,535,381
Common stock, shares outstanding (in shares)	59,388,983	59,175,046
Treasury stock, shares (in shares)	2,460,779	2,360,335

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest income:
Loans	$ 82,468	$ 77,908
Debt securities	7,504	5,355
Equity investments and other	1,011	1,611
Total interest income	90,983	84,874
Interest expense:
Deposits	4,041	8,496
Borrowed funds	2,715	2,774
Total interest expense	6,756	11,270
Net interest income	84,227	73,604
Credit loss expense (benefit)	1,851	(620)
Net interest income after credit loss expense (benefit)	82,376	74,224
Other income:
Bankcard services revenue	2,963	3,052
Net gain on sales of loans	177	1,916
Net (loss) gain on equity investments	(2,786)	8,287
Net loss from other real estate operations	(2)	(8)
Income from bank owned life insurance	2,103	1,415
Commercial loan swap income	2,781	1,111
Other	(53)	726
Total other income	8,852	20,835
Operating expenses:
Compensation and employee benefits	30,695	28,366
Occupancy	5,744	5,061
Equipment	1,370	1,578
Marketing	616	434
Federal deposit insurance and regulatory assessments	1,890	1,864
Data processing	5,736	4,031
Check card processing	982	1,372
Professional fees	3,322	2,837
Amortization of core deposit intangible	1,210	1,395
Branch consolidation expense, net	402	1,011
Merger related expenses	1,965	381
Other operating expense	3,563	3,353
Total operating expenses	57,495	51,683
Income before provision for income taxes	33,733	43,376
Provision for income taxes	7,974	10,679
Net income	25,759	32,697
Dividends on preferred shares	1,004	1,004
Net income available to common stockholders	$ 24,755	$ 31,693
Basic earnings (loss) per share (in dollars per share)	$ 0.42	$ 0.53
Diluted earnings (loss) per share (in dollars per share)	$ 0.42	$ 0.53
Average basic shares outstanding (in shares)	58,739	59,840
Average diluted shares outstanding (in shares)	58,943	60,101
Trust and asset management revenue
Other income:
Other income	$ 609	$ 599
Fees and service charges
Other income:
Other income	$ 3,060	$ 3,737

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 25,759	$ 32,697
Other comprehensive (loss) income:
Net unrealized loss on debt securities (net of tax benefit of $3,928 in 2022 and $112 in 2021)	(12,372)	(416)
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $65 in 2022 and $73 in 2021)	89	107
Reclassification adjustment for losses included in net income (net of tax benefit of $21 in 2022)	(66)	0
Total other comprehensive loss, net of tax	(12,349)	(309)
Total comprehensive income	13,410	32,388
Less: Dividends on preferred shares	1,004	1,004
Comprehensive income available to common stockholders	$ 12,406	$ 31,384

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Unrealized holding gain (loss), before adjustment, tax benefit	$ 3,928	$ 112
Accretion of unrealized loss on debt securities, tax expense	65	$ 73
Reclassification adjustment from AOCI for sale of securities, tax expense (benefit)	$ 21

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($) $ in Thousands	Total	Employee Stock Ownership Plan	Preferred Stock	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Treasury Stock
Beginning Balance at Dec. 31, 2020	$ 1,484,130	$ (7,433)	$ 1	$ 609	$ 1,137,715	$ 378,268	$ 621	$ (25,651)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	32,697					32,697
Other comprehensive loss, net of tax	(309)						(309)
Stock compensation	1,237				1,237
Allocation of ESOP stock	352	304			48
Cash dividend	(10,152)					(10,152)
Exercise of stock options	1,762			1	3,290	(1,529)
Repurchased shares of common stock	(9,994)							(9,994)
Preferred stock dividend	(1,004)					(1,004)
Ending Balance at Mar. 31, 2021	1,498,719	(7,129)	1	610	1,142,290	398,280	312	(35,645)
Beginning Balance at Dec. 31, 2021	1,516,553	(8,615)	1	611	1,146,781	442,306	(2,821)	(61,710)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	25,759					25,759
Other comprehensive loss, net of tax	(12,349)						(12,349)
Stock compensation	1,552				1,552
Allocation of ESOP stock	671	606			65
Cash dividend	(9,993)					(9,993)
Exercise of stock options	289			1	1,105	(817)
Repurchased shares of common stock	(2,144)							(2,144)
Preferred stock dividend	(1,004)					(1,004)
Ending Balance at Mar. 31, 2022	$ 1,519,334	$ (8,009)	$ 1	$ 612	$ 1,149,503	$ 456,251	$ (15,170)	$ (63,854)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividend per share (in dollars per share)	$ 0.17	$ 0.17
Purchase of common stock (in shares)	100,444	500,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net income	$ 25,759	$ 32,697
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment	2,759	2,064
Allocation of ESOP stock	671	352
Stock compensation	1,552	1,237
Net excess tax expense on stock compensation	214	90
Amortization of servicing asset	14	25
Net premium amortization in excess of discount accretion on securities	1,859	1,467
Net amortization of deferred costs on borrowings	137	212
Amortization of core deposit intangible	1,210	1,395
Net accretion of purchase accounting adjustments	(3,086)	(3,804)
Net amortization of deferred costs and discounts on loans	255	437
Provision (benefit) for credit losses	1,851	(620)
Net write down of fixed assets held-for-sale to net realizable value	1,404	427
Net loss (gain) on equity securities	2,786	(8,287)
Net gain on sales of loans	(177)	(1,916)
Proceeds from sales of residential loans held for sale	724	69,416
Mortgage loans originated for sale	(703)	(65,151)
Increase in value of bank owned life insurance	(2,103)	(1,415)
Net (gain) loss on sale of assets held for sale	(1,200)	22
(Increase) decrease in interest and dividends receivable	(747)	2,450
Deferred tax benefit	(30)	(57)
(Increase) decrease in other assets	(14,777)	27,442
Increase (decrease) in other liabilities	39,272	(21,610)
Total adjustments	31,885	4,176
Net cash provided by operating activities	57,644	36,873
Cash flows from investing activities:
Net increase in loans receivable	(331,568)	(111,302)
Proceeds from sale of loans	12,167	0
Purchase of residential loan pool	(161,701)	0
Premiums paid on purchased loan pool	(495)	0
Purchase of debt securities available-for-sale	(47,817)	(100,921)
Purchase of debt securities held-to-maturity	(16,397)	(178,316)
Purchase of equity investments	(2,292)	(10,575)
Proceeds from maturities and calls of debt securities available-for-sale	45,000	22,850
Proceeds from maturities and calls of debt securities held-to-maturity	12,305	6,565
Proceeds from sales of debt securities available-for-sale	22,857	0
Proceeds from sale of equity investments	4,579	99,060
Principal repayments on debt securities available-for-sale	0	46
Principal repayments on debt securities held-to-maturity	43,213	52,371
Proceeds from bank owned life insurance	2,189	2,120
Proceeds from the redemption of restricted equity investments	26,591	344
Purchases of restricted equity investments	(30,100)	(485)
Proceeds from sales of assets held-for-sale	4,492	420
Purchases of premises and equipment	(7,708)	(5,336)
Net cash used in investing activities	(424,685)	(223,159)
Cash flows from financing activities:
Increase in deposits	323,641	75,694
(Decrease) increase in short-term borrowings	(987)	6,011
Proceeds from FHLB advances	75,002	0
Repayments of other borrowings	(35,026)	(7,529)
Increase in advances by borrowers for taxes and insurance	5,093	3,684
Exercise of stock options	289	1,762
Payment of employee taxes withheld from stock awards	(1,438)	(1,094)
Purchase of treasury stock	(2,144)	(9,994)
Dividends paid	(10,997)	(11,156)
Net cash provided by financing activities	353,433	57,378
Net decrease in cash and due from banks and restricted cash	(13,608)	(128,908)
Supplemental Disclosure of Cash Flow Information:
Cash and due from banks and restricted cash at beginning of period	224,784	1,318,661
Cash and due from banks at beginning of period	204,949	1,272,134
Restricted cash at beginning of period	19,835	46,527
Cash and due from banks at end of period	210,919	1,173,665
Restricted cash at end of period	257	16,088
Cash and due from banks and restricted cash at end of period	211,176	1,189,753
Cash paid during the period for:
Interest	5,088	10,376
Income taxes	573	568
Non-cash activities:
Accretion of unrealized loss on securities reclassified to held-to-maturity	154	180
Net loan recoveries	(92)	(280)
Transfer of loans receivable to loans held-for-sale	12,011	0
Transfer of premises and equipment to assets held-for-sale	$ 2,776	$ 0

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements include the accounts of OceanFirst Financial Corp. (the “Company”) and its wholly-owned subsidiaries, OceanFirst Bank N.A. (the “Bank”) and OceanFirst Risk Management, Inc., and the Bank’s direct and indirect wholly-owned subsidiaries, OceanFirst REIT Holdings, Inc., OceanFirst Management Corp., OceanFirst Realty Corp. Casaba Real Estate Holdings Corporation, CBNJ Investments Corp., Country Property Holdings, Inc., and TRCB Investment Corp. All significant intercompany accounts and transactions have been eliminated in consolidation. The interim consolidated financial statements reflect all normal and recurring adjustments which are, in the opinion of management, considered necessary for a fair presentation of the financial condition and results of operations for the periods presented. The results of operations for the three months ended March 31, 2022 are not necessarily indicative of the results of operations that may be expected for the full year 2022 or any other period. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the statements of financial condition and the results of operations for the period. Actual results could differ from these estimates. Certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.

Earnings per Share

Earnings per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share The following reconciles shares outstanding for basic and diluted earnings per share for the three months ended March 31, 2022 and 2021 (in thousands): Three Months Ended 2022 2021 Weighted average shares outstanding 59,303 60,300 Less: Unallocated ESOP shares (422) (386) Unallocated incentive award shares (142) (74) Average basic shares outstanding 58,739 59,840 Add: Effect of dilutive securities: Incentive awards 204 261 Average diluted shares outstanding 58,943 60,101

Securities

Securities	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Securities	Securities The amortized cost, estimated fair value, and allowance for securities credit losses of debt securities available-for-sale and held-to-maturity at March 31, 2022 and December 31, 2021 are as follows (in thousands): Amortized Gross Gross Estimated Allowance for Credit Losses At March 31, 2022 Debt securities available-for-sale: U.S. government and agency obligations $ 145,690 $ 206 $ (3,855) $ 142,041 $ — Corporate debt securities 5,000 — (216) 4,784 — Asset-backed securities 302,389 — (5,300) 297,089 — Agency commercial mortgage-backed securities (“MBS”) 111,399 — (8,843) 102,556 — Total debt securities available-for-sale $ 564,478 $ 206 $ (18,214) $ 546,470 $ — Debt securities held-to-maturity: State, municipal and sovereign debt obligations $ 272,250 $ 396 $ (12,673) $ 259,973 $ (69) Corporate debt securities 64,198 917 (1,951) 63,164 (1,272) Mortgage-backed securities: Agency residential 730,960 467 (38,828) 692,599 — Agency commercial 4,163 3 (45) 4,121 — Non-agency commercial 32,057 3 (1,025) 31,035 (39) Total mortgage-backed securities 767,180 473 (39,898) 727,755 (39) Total debt securities held-to-maturity $ 1,103,628 $ 1,786 $ (54,522) $ 1,050,892 $ (1,380) Total debt securities $ 1,668,106 $ 1,992 $ (72,736) $ 1,597,362 $ (1,380) At December 31, 2021 Debt securities available-for-sale: U.S. government and agency obligations $ 164,756 $ 1,135 $ (471) $ 165,420 $ — Corporate debt securities 5,000 42 (11) 5,031 — Asset-backed securities 298,976 41 (1,489) 297,528 — Agency commercial MBS 101,142 57 (923) 100,276 — Total debt securities available-for-sale $ 569,874 $ 1,275 $ (2,894) $ 568,255 $ — Debt securities held-to-maturity: State, municipal, and sovereign debt obligations $ 281,389 $ 10,185 $ (1,164) $ 290,410 $ (85) Corporate debt securities 68,823 1,628 (1,279) 69,172 (1,343) Mortgage-backed securities: Agency residential 756,844 6,785 (7,180) 756,449 — Agency commercial 4,385 7 (44) 4,348 — Non-agency commercial 32,107 362 (104) 32,365 (39) Total mortgage-backed securities 793,336 7,154 (7,328) 793,162 (39) Total debt securities held-to-maturity $ 1,143,548 $ 18,967 $ (9,771) $ 1,152,744 $ (1,467) Total debt securities $ 1,713,422 $ 20,242 $ (12,665) $ 1,720,999 $ (1,467) There was no allowance for securities credit losses on debt securities available-for-sale at March 31, 2022 or December 31, 2021. The following table presents the activity in the allowance for credit losses for debt securities held-to-maturity for the three months ended March 31, 2022 and 2021 (in thousands): Three Months Ended March 31, 2022 2021 Allowance for securities credit losses Beginning balance $ (1,467) $ (1,715) Benefit (provision) for credit loss expense 87 (2) Total ending allowance balance $ (1,380) $ (1,717) During 2021 and 2013, the Bank transferred $12.7 million and $536.0 million, respectively, of previously designated available-for-sale securities to a held-to-maturity designation at estimated fair value. The securities transferred had an unrealized net loss of $209,000 and $13.3 million at the time of transfer in 2021 and 2013, respectively, which continues to be reflected in accumulated other comprehensive loss on the Consolidated Statement of Financial Condition, net of subsequent amortization, which is being recognized over the life of the securities. The carrying value of the debt securities held-to-maturity at March 31, 2022 and December 31, 2021 is as follows (in thousands): March 31, December 31, 2022 2021 Amortized cost $ 1,103,628 $ 1,143,548 Net loss on date of transfer from available-for-sale (13,556) (13,556) Allowance for securities credit losses (1,380) (1,467) Accretion of net unrealized loss on securities reclassified as held-to-maturity 10,822 10,668 Carrying value $ 1,099,514 $ 1,139,193 There was $87,000 of realized losses on debt securities for the three months ended March 31, 2022. There were no realized gains or losses on debt securities for the three months ended March 31, 2021. The amortized cost and estimated fair value of debt securities at March 31, 2022 by contractual maturity are shown below (in thousands). March 31, 2022 Amortized Estimated Less than one year $ 95,878 $ 95,857 Due after one year through five years 153,847 148,910 Due after five years through ten years 242,079 232,695 Due after ten years 297,723 289,589 $ 789,527 $ 767,051 Actual maturities may differ from contractual maturities in instances where issuers have the right to call or prepay obligations with or without call or prepayment penalties. At March 31, 2022, corporate debt securities, state and municipal obligations, and asset-backed securities with an amortized cost of $63.1 million, $87.6 million, and $303.4 million, respectively, and an estimated fair value of $61.8 million, $85.4 million, and $297.1 million, respectively, were callable prior to the maturity date. Mortgage-backed securities are excluded from the above table since their effective lives are expected to be shorter than the contractual maturity date due to principal prepayments. The estimated fair value of securities pledged for the ability to draw on FHLB advances, access to the Federal Reserve discount window, and other borrowings and for other purposes required by law amounted to $1.09 billion and $1.14 billion at March 31, 2022 and December 31, 2021, respectively, which includes $114.6 million and $142.9 million at March 31, 2022 and December 31, 2021, respectively, pledged as collateral for securities sold under agreements to repurchase. The estimated fair value and unrealized losses for debt securities available-for-sale and held-to-maturity at March 31, 2022 and December 31, 2021, segregated by the duration of the unrealized losses, are as follows (in thousands): Less than 12 months 12 months or longer Total Estimated Unrealized Estimated Unrealized Estimated Unrealized At March 31, 2022 Debt securities available-for-sale: U.S. government and agency obligations $ 76,857 $ (3,811) $ 5,017 $ (44) $ 81,874 $ (3,855) Corporate debt securities 4,784 (216) — — 4,784 (216) Asset-backed securities 266,780 (5,058) 15,309 (242) 282,089 (5,300) Agency commercial MBS 102,556 (8,843) — — 102,556 (8,843) Total debt securities available-for-sale 450,977 (17,928) 20,326 (286) 471,303 (18,214) Debt securities held-to-maturity: State, municipal and sovereign debt obligations 203,363 (11,481) 15,508 (1,192) 218,871 (12,673) Corporate debt securities 6,080 (87) 36,467 (1,864) 42,547 (1,951) Mortgage-backed securities: Agency residential 469,893 (24,938) 170,870 (13,890) 640,764 (38,828) Agency commercial 608 (2) 2,393 (43) 3,001 (45) Non-agency commercial 30,032 (1,025) — — 30,032 (1,025) Total mortgage-backed securities 500,533 (25,965) 173,263 (13,933) 673,797 (39,898) Total debt securities held-to-maturity 709,976 (37,533) 225,238 (16,989) 935,215 (54,522) Total debt securities $ 1,160,953 $ (55,461) $ 245,564 $ (17,275) $ 1,406,518 $ (72,736) At December 31, 2021 Debt securities available-for-sale: U.S. government and agency obligations $ 82,395 $ (471) $ — $ — $ 82,395 $ (471) Corporate debt securities 1,989 (11) — — 1,989 (11) Asset-backed securities 279,486 (1,489) — — 279,486 (1,489) Agency commercial MBS 80,726 (923) — — 80,726 (923) Total debt securities available-for-sale 444,596 (2,894) — — 444,596 (2,894) Debt securities held-to-maturity: State, municipal, and sovereign debt obligations 75,329 (1,063) 4,383 (101) 79,712 (1,164) Corporate debt securities 38,304 (1,279) — — 38,304 (1,279) Mortgage-backed securities: Agency residential 445,399 (5,822) 50,133 (1,358) 495,532 (7,180) Agency commercial 2,255 (41) 886 (3) 3,141 (44) Non-agency commercial 10,722 (104) — — 10,722 (104) Total mortgage-backed securities 458,376 (5,967) 51,019 (1,361) 509,395 (7,328) Total debt securities held-to-maturity 572,009 (8,309) 55,402 (1,462) 627,411 (9,771) Total debt securities $ 1,016,605 $ (11,203) $ 55,402 $ (1,462) $ 1,072,007 $ (12,665) The Company concluded that debt securities were not impaired at March 31, 2022 based on a consideration of several factors. The Company noted that each issuer made all the contractually due payments when required. There were no defaults on principal or interest payments, and no interest payments were deferred. Based on management’s analysis of each individual security, the issuers appear to have the ability to meet debt service requirements over the life of the security. Furthermore, the change in net unrealized losses were primarily due to changes in the general interest rate environment and not credit quality. Historically, the Company has not utilized securities sales as a source of liquidity and the Company’s liquidity plans include adequate sources of liquidity outside the securities portfolio. The Company monitors the credit quality of debt securities held-to-maturity on a quarterly basis through the use of internal credit analysis supplemented by external credit ratings. Credit ratings of BBB- or Baa3 or higher are considered as investment grade. The amortized cost of debt securities held-to-maturity at March 31, 2022, aggregated by credit quality indicator are as follows (in thousands): Investment Grade Non-Investment Grade/Non-rated Total As of March 31, 2022 State, municipal and sovereign debt obligations $ 272,250 $ — $ 272,250 Corporate debt securities 48,211 15,987 64,198 Non-agency commercial MBS 32,057 — 32,057 Total debt securities held-to-maturity $ 352,518 $ 15,987 $ 368,505 Equity Investments At March 31, 2022 and December 31, 2021, the Company held equity investments of $93.9 million and $101.2 million, respectively. The equity investments primarily comprised of select financial services institutions’ common and preferred stocks and to a lesser extent other equity investments in funds and other financial institutions. The realized and unrealized gains or losses on equity securities for the three months ended March 31, 2022 and 2021 are shown in the table below (in thousands): Three Months Ended March 31, 2022 2021 Net (loss) gain on equity investments $ (2,786) $ 8,287 Less: Net gains recognized on equity securities sold 1,582 8,123 Unrealized (loss) gain recognized on equity securities still held $ (4,368) $ 164

Loans Receivable, Net

Loans Receivable, Net	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Loans Receivable, Net	Loans Receivable, Net Loans receivable, net at March 31, 2022 and December 31, 2021 consisted of the following (in thousands): March 31, December 31, 2022 2021 Commercial: Commercial real estate – investor $ 4,607,880 $ 4,378,061 Commercial real estate – owner occupied 1,057,246 1,055,065 Commercial and industrial (1) 502,739 449,224 Total commercial 6,167,865 5,882,350 Consumer: Residential real estate 2,687,927 2,479,701 Home equity loans and lines and other consumer (“other consumer”) 253,184 260,819 Total consumer 2,941,111 2,740,520 Total loans receivable 9,108,976 8,622,870 Deferred origination costs, net of fees 7,301 9,332 Allowance for loan credit losses (50,598) (48,850) Total loans receivable, net $ 9,065,679 $ 8,583,352 (1) The commercial and industrial loans balance at March 31, 2022 and December 31, 2021 includes Paycheck Protection Program loans of $15.0 million and $22.9 million, respectively. The Company categorizes all loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, and current economic trends, among other factors. Generally, risk ratings for loans on forbearance pursuant to the Coronavirus Aid, Relief and Economic Security (“CARES”) Act, extended by the Coronavirus Response and Relief Supplemental Appropriations (“CRRSA”) Act of 2021, were not re-evaluated until the initial 90-day forbearance period ended. At that time, risk ratings were updated with an emphasis on industries that were heavily impacted by the pandemic, as well as individual borrower liquidity, and other measures of resiliency as described below. The Company evaluates risk ratings on an ongoing basis and as such, adversely rated loans will be re-evaluated as government restrictions ease and businesses resume normal operations. The Company uses the following definitions for risk ratings: Pass : Loans classified as Pass are well protected by the paying capacity and net worth of the borrower. Special Mention : Loans classified as Special Mention have a potential weakness that deserves management’s close attention. This includes borrowers that have been negatively affected by the pandemic but demonstrate some degree of liquidity. This liquidity may or may not be adequate to resume operations. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the Bank’s credit position at some future date. Substandard : Loans classified as Substandard are inadequately protected by the current net worth and paying capacity of the borrower or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the collection or the liquidation of the debt. This includes borrowers whose operations were negatively affected by the pandemic and whom, in the assessment, do not have adequate liquidity available to resume operations at levels sufficient to service their current debt levels. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Doubtful : Loans classified as Doubtful have all the weaknesses inherent in those classified as Substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The following tables summarize total loans by year of origination, internally assigned credit grades and risk characteristics (in thousands): 2022 2021 2020 2019 2018 2017 and prior Revolving lines of credit Total March 31, 2022 Commercial real estate - investor Pass $ 325,263 $ 1,368,731 $ 611,037 $ 537,525 $ 262,169 $ 1,110,883 $ 277,149 $ 4,492,757 Special Mention — — — 19,416 9,378 31,267 655 60,716 Substandard — — — 21,625 83 30,803 1,896 54,407 Total commercial real estate - investor 325,263 1,368,731 611,037 578,566 271,630 1,172,953 279,700 4,607,880 Commercial real estate - owner occupied Pass 36,220 119,031 73,971 123,635 90,325 530,927 10,408 984,517 Special Mention — — — 10,851 4,610 9,395 260 25,116 Substandard — — — 4,600 7,722 35,128 163 47,613 Total commercial real estate - owner occupied 36,220 119,031 73,971 139,086 102,657 575,450 10,831 1,057,246 Commercial and industrial Pass 17,126 36,479 20,194 19,933 14,809 57,415 324,808 490,764 Special Mention — — — 658 269 325 3,207 4,459 Substandard — — 423 1,764 813 2,124 2,392 7,516 Total commercial and industrial 17,126 36,479 20,617 22,355 15,891 59,864 330,407 502,739 Residential real estate (1) Pass 313,669 869,552 453,895 267,613 114,815 665,096 — 2,684,640 Special Mention — — — 684 — 461 — 1,145 Substandard — — — — — 2,142 — 2,142 Total residential real estate 313,669 869,552 453,895 268,297 114,815 667,699 — 2,687,927 Other consumer (1) Pass 6,056 27,264 17,848 17,712 48,383 133,500 — 250,763 Special Mention — — — — — 175 — 175 Substandard — — — — 60 2,186 — 2,246 Total other consumer 6,056 27,264 17,848 17,712 48,443 135,861 — 253,184 Total loans $ 698,334 $ 2,421,057 $ 1,177,368 $ 1,026,016 $ 553,436 $ 2,611,827 $ 620,938 $ 9,108,976 (1) For residential real estate and other consumer loans, the Company evaluates credit quality based on the aging status of the loan and by payment activity. 2021 2020 2019 2018 2017 2016 and prior Revolving lines of credit Total December 31, 2021 Commercial real estate - investor Pass $ 1,387,753 $ 609,916 $ 535,551 $ 274,662 $ 375,646 $ 800,089 $ 255,613 $ 4,239,230 Special Mention — — 23,794 9,400 2,731 28,663 582 65,170 Substandard — 4,267 28,802 468 8,495 28,228 3,401 73,661 Total commercial real estate - investor 1,387,753 614,183 588,147 284,530 386,872 856,980 259,596 4,378,061 Commercial real estate - owner occupied Pass 116,355 71,196 125,212 91,531 109,232 449,966 10,913 974,405 Special Mention — — 1,365 3,829 479 14,371 2 20,046 Substandard — — 14,166 8,549 5,606 31,576 717 60,614 Total commercial real estate - owner occupied 116,355 71,196 140,743 103,909 115,317 495,913 11,632 1,055,065 Commercial and industrial Pass 42,955 22,573 22,878 16,404 8,671 50,887 271,818 436,186 Special Mention — — 231 350 85 172 3,645 4,483 Substandard — 457 2,281 813 198 2,029 2,777 8,555 Total commercial and industrial 42,955 23,030 25,390 17,567 8,954 53,088 278,240 449,224 Residential real estate (1) Pass 876,135 475,134 288,699 127,756 105,385 602,331 — 2,475,440 Special Mention — 212 — 61 — 1,313 — 1,586 Substandard — — — — 351 2,324 — 2,675 Total residential real estate 876,135 475,346 288,699 127,817 105,736 605,968 — 2,479,701 Other consumer (1) Pass 26,512 19,168 18,179 51,954 17,955 123,783 — 257,551 Special Mention — — — — — 322 — 322 Substandard — — — 18 — 2,928 — 2,946 Total other consumer 26,512 19,168 18,179 51,972 17,955 127,033 — 260,819 Total loans $ 2,449,710 $ 1,202,923 $ 1,061,158 $ 585,795 $ 634,834 $ 2,138,982 $ 549,468 $ 8,622,870 (1) For residential real estate and other consumer loans, the Company evaluates credit quality based on the aging status of the loan and by payment activity. An analysis of the allowance for credit losses on loans for the three months ended March 31, 2022 and 2021 is as follows (in thousands): Commercial Commercial Commercial Residential Other Consumer Unallocated Total For the three months ended Allowance for credit losses on loans Balance at beginning of period $ 25,504 $ 5,884 $ 5,039 $ 11,155 $ 1,268 $ — $ 48,850 Credit loss (benefit) expense (1,867) (840) (406) 5,028 (259) — 1,656 Charge-offs — (4) — — (139) — (143) Recoveries — 13 16 94 112 — 235 Balance at end of period $ 23,637 $ 5,053 $ 4,649 $ 16,277 $ 982 $ — $ 50,598 For the three months ended Allowance for credit losses on loans Balance at beginning of period $ 26,703 $ 15,054 $ 5,390 $ 11,818 $ 1,770 $ — $ 60,735 Credit loss expense (benefit) 10,149 (7,257) (2,875) (335) (721) — (1,039) Charge-offs (34) — — (242) (80) — (356) Recoveries 104 30 26 39 437 — 636 Balance at end of period $ 36,922 $ 7,827 $ 2,541 $ 11,280 $ 1,406 $ — $ 59,976 A loan is considered collateral dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral and therefore, non-accruing. At March 31, 2022 and December 31, 2021, the Company had collateral dependent loans with an amortized cost balance as follows: commercial real estate - investor of $3.6 million for each period, commercial real estate - owner occupied of $9.6 million and $11.9 million, respectively, and commercial and industrial of $2.8 million and $277,000, respectively. In addition, the Company had residential and consumer loans collateralized by residential real estate, which are in the process of foreclosure, with an amortized cost balance of $440,000 and $438,000 at March 31, 2022 and December 31, 2021, respectively. At both March 31, 2022 and December 31, 2021, the amount of foreclosed residential real estate property held by the Company was $106,000. The following table presents the recorded investment in non-accrual loans, by loan portfolio segment as of March 31, 2022 and December 31, 2021 (in thousands): March 31, December 31, 2022 2021 Commercial real estate – investor $ 3,575 $ 3,614 Commercial real estate – owner occupied 9,632 11,904 Commercial and industrial 2,830 277 Residential real estate 7,047 6,114 Other consumer 3,841 3,585 $ 26,925 $ 25,494 At March 31, 2022 and December 31, 2021, the non-accrual loans were included in the allowance for credit loss calculation and the Company did not recognize or accrue interest income on these loans. At March 31, 2022, there were no loans that were 90 days or greater past due and still accruing. At December 31, 2021, there was one loan for $46,000 that was 90 days or greater past due and still accruing interest that was fully paid on January 14, 2022. The following table presents the aging of the recorded investment in past due loans as of March 31, 2022 and December 31, 2021 by loan portfolio segment (in thousands): 30-59 60-89 90 Days or Greater Past Due Total Loans Not Total March 31, 2022 Commercial real estate – investor $ 2,109 $ 74 $ 1,663 $ 3,846 $ 4,604,034 $ 4,607,880 Commercial real estate – owner occupied 4,465 18 373 4,856 1,052,390 1,057,246 Commercial and industrial 66 43 356 465 502,274 502,739 Residential real estate 9,816 1,146 2,142 13,104 2,674,823 2,687,927 Other consumer 779 175 2,246 3,200 249,984 253,184 $ 17,235 $ 1,456 $ 6,780 $ 25,471 $ 9,083,505 $ 9,108,976 December 31, 2021 Commercial real estate – investor $ 1,717 $ 102 $ 1,709 $ 3,528 $ 4,374,533 $ 4,378,061 Commercial real estate – owner occupied 599 — 575 1,174 1,053,891 1,055,065 Commercial and industrial 25 151 277 453 448,771 449,224 Residential real estate 9,705 1,586 2,675 13,966 2,465,735 2,479,701 Other consumer 339 322 2,946 3,607 257,212 260,819 $ 12,385 $ 2,161 $ 8,182 $ 22,728 $ 8,600,142 $ 8,622,870 The Company classifies certain loans as troubled debt restructuring (“TDR”) loans when credit terms to a borrower in financial difficulty are modified. The modifications may include a reduction in rate, an extension in term, the capitalization of past due amounts and/or the restructuring of scheduled principal payments. Residential real estate and consumer loans where the borrower’s debt is discharged in a bankruptcy filing are also considered TDR loans. For these loans, the Bank retains its security interest in the real estate collateral. At March 31, 2022 and December 31, 2021, TDR loans totaled $19.6 million and $23.6 million, respectively. At March 31, 2022 and December 31, 2021, there were $11.9 million and $11.3 million, respectively, of TDR loans included in the non-accrual loan totals. At March 31, 2022 and December 31, 2021, the Company had no specific reserves allocated to loans that were classified as TDR loans. Non-accrual loans which become TDR loans are generally returned to accrual status after six months of performance. In addition to the TDR loans included in non-accrual loans, the Company also has TDR loans classified as accruing loans which totaled $7.7 million and $12.3 million at March 31, 2022 and December 31, 2021, respectively. The following table presents information about TDR loans which occurred during the three months ended March 31, 2022 and 2021 (dollars in thousands): Number of Loans Pre-modification Post-modification Three months ended March 31, 2022 Troubled debt restructurings: Commercial and industrial 1 $ 65 $ 65 Other consumer 3 991 1,109 Three months ended March 31, 2021 Troubled debt restructurings: Other consumer 2 $ 26 $ 33 There were no TDR loans that defaulted during the three months ended March 31, 2022 and 2021, which were modified within the preceding year. In response to the COVID-19 pandemic and its economic impact on customers, short-term modification programs that comply with the CARES Act, extended by the CRRSA Act, were implemented to provide temporary payment relief to those borrowers directly impacted by COVID-19. The Bank’s Commercial Borrower Relief Program allowed for the deferral of principal and interest or principal only. All payments received will first be applied to all accrued and unpaid interest and the balance, if any, of unpaid principal, then to fees, expenses and other amounts due to the Bank. Monthly payments will continue until the maturity date when all then unpaid principal, interest, fees, and all other charges are due and payable to the Bank. The Consumer Borrower Relief Program allowed for the deferral of principal and interest. The deferred payments along with

Deposits

Deposits	3 Months Ended
	Mar. 31, 2022
Banking and Thrift, Other Disclosures [Abstract]
Deposits	Deposits The major types of deposits at March 31, 2022 and December 31, 2021 were as follows (in thousands): Type of Account March 31, December 31, 2022 2021 Non-interest-bearing $ 2,444,833 $ 2,412,056 Interest-bearing checking 4,287,745 4,201,736 Money market deposit 811,588 736,090 Savings 1,624,751 1,607,933 Time deposits 887,316 775,001 Total deposits $ 10,056,233 $ 9,732,816 Included in time deposits at March 31, 2022 and December 31, 2021 was $104.6 million and $145.4 million, respectively, in deposits of $250,000 or more.

Borrowed Funds

Borrowed Funds	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Borrowed Funds	Borrowed Funds Borrowed funds at March 31, 2022 and December 31, 2021 were as follows (in thousands): March 31, December 31, 2022 2021 FHLB advances $ 75,002 $ — Securities sold under agreements to repurchase with customers 117,782 118,769 Other borrowings 194,396 229,141 Total borrowed funds $ 387,180 $ 347,910 At March 31, 2022, there was $75.0 million outstanding in overnight borrowings from the FHLB, as compared to $0 at December 31, 2021. There were no FHLB term advances at March 31, 2022 and December 31, 2021. During the three months ended March 31, 2022, the Company redeemed $35.0 million of subordinated debt due September 30, 2026. The debt carried an interest rate of 4.14% based on a floating rate of three months LIBOR plus 392 basis points.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or in the absence of a principal market, the most advantageous market for the asset or liability. The price in the principal (or most advantageous) market used to measure the fair value of the asset or liability shall not be adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact and (iv) willing to transact. The Company uses valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset (replacement costs). Valuation techniques should be consistently applied. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability and developed based on market data obtained from independent sources, or unobservable, meaning those that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability and developed based on the best information available in the circumstances. In that regard, a fair value hierarchy has been established for valuation inputs that gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: Level 1 Inputs – Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 Inputs – Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (for example, interest rates, volatilities, prepayment speeds, loss severities, credit risks and default rates) or inputs that are derived principally from or corroborated by observable market data by correlations or other means. Level 3 Inputs – Significant unobservable inputs that reflect an entity’s own assumptions that market participants would use in pricing the assets or liabilities. Assets and Liabilities Measured at Fair Value A description of the valuation methodologies used for assets and liabilities measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. Certain financial assets and financial liabilities are measured at fair value on a non-recurring basis, that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). Debt Securities Available-for-Sale Debt securities classified as available-for-sale are reported at fair value. Fair value for these debt securities is determined using inputs other than quoted prices that are based on market observable information (Level 2). Level 2 debt securities are priced through third-party pricing services or security industry sources that actively participate in the buying and selling of securities. Prices obtained from these sources include market quotations and matrix pricing. Matrix pricing is a mathematical technique used principally to value certain debt securities without relying exclusively on quoted prices for the specific securities, but comparing the debt securities to benchmark or comparable debt securities. Equity Investments Equity investments with readily determinable fair value are reported at fair value. Fair value for these investments is primarily determined using a quoted price in an active market or exchange (Level 1) or using inputs other than quoted prices that are based on market observable information (Level 2). Fair value for certain securities, including convertible preferred stock, was determined using broker or dealer quotes with limited levels of activity and price transparency (Level 3). Equity investments without readily determinable fair values are carried at cost less impairment, if any, plus or minus adjustments resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer. Interest Rate Derivatives The Company’s interest rate swaps and cap contracts are reported at fair value utilizing discounted cash flow models provided by an independent, third-party and observable market data (Level 2). When entering into an interest rate swap or cap contract, the Company is exposed to fair value changes due to interest rate movements, and also the potential nonperformance of the contract counterparty. Other Real Estate Owned and Loans Individually Measured for Impairment Other real estate owned and loans measured for impairment based on the fair value of the underlying collateral are recorded at estimated fair value, less estimated selling costs. Fair value is based on independent appraisals (Level 3). The following table summarizes financial assets and financial liabilities measured at fair value as of March 31, 2022 and December 31, 2021, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands): Fair Value Measurements at Reporting Date Using: Total Fair Level 1 Level 2 Level 3 March 31, 2022 Items measured on a recurring basis: Debt securities available-for-sale $ 546,470 $ — $ 546,470 $ — Equity investments 81,588 12,517 69,071 — Interest rate derivative asset 45,611 — 45,611 — Interest rate derivative liability (45,643) — (45,643) — Items measured on a non-recurring basis: Equity investments 12,300 — — 12,300 Other real estate owned 106 — — 106 Loans measured for impairment based on the fair value of the underlying collateral 16,477 — — 16,477 December 31, 2021 Items measured on a recurring basis: Debt securities available-for-sale $ 568,255 $ — $ 568,255 $ — Equity investments 90,726 14,608 73,400 2,718 Interest rate derivative asset 22,787 — 22,787 — Interest rate derivative liability (22,855) — (22,855) — Items measured on a non-recurring basis: Equity investments 10,429 — — 10,429 Other real estate owned 106 — — 106 Loans measured for impairment based on the fair value of the underlying collateral 16,233 — — 16,233 The following table reconciles, for the three months ended March 31, 2022 and 2021, the beginning and ending balances for equity investments available-for-sale that are recognized at fair value on a recurring basis, in the Consolidated Statements of Financial Condition, using significant unobservable inputs (in thousands): For the Three Months Ended March 31, 2022 2021 Equity Investments Beginning balance $ 2,718 $ 2,540 Total gains included in earnings — 398 Sales — — Transfers out of Level 3 (2,718) — Ending balance $ — $ 2,938 The Company recognizes transfers between levels of the valuation hierarchy at the end of the applicable reporting periods. During the three months ended March 31, 2022, the Company executed its right to convert $2.7 million preferred stock into common stock, which resulted in a transfer from Level 3 into Level 1. There were no transfers into or out of Level 3 assets and liabilities in the fair value hierarchy for the three months ended March 31, 2021. Assets and Liabilities Disclosed at Fair Value A description of the valuation methodologies used for assets and liabilities disclosed at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy is set forth below. Cash and Due from Banks For cash and due from banks, the carrying amount approximates fair value. Debt Securities Held-to-Maturity Debt securities classified as held-to-maturity are carried at amortized cost, as the Company has the positive intent and ability to hold these debt securities to maturity. The Company determines the fair value of the debt securities utilizing Level 2 and, infrequently, Level 3 inputs. Most of the Company’s debt securities are fixed income instruments that are not quoted on an exchange, but are bought and sold in active markets. Prices for these instruments are obtained through third-party pricing vendors or security industry sources that actively participate in the buying and selling of debt securities. Prices obtained from these sources include market quotations and matrix pricing. Matrix pricing is a mathematical technique used principally to value certain debt securities without relying exclusively on quoted prices for the specific debt securities, but comparing the debt securities to benchmark or comparable debt securities. Management’s policy is to obtain and review all available documentation from the third-party pricing service relating to their fair value determinations, including their methodology and summary of inputs. Management reviews this documentation, makes inquiries of the third-party pricing service and decides as to the level of the valuation inputs. Based on the Company’s review of the available documentation from the third-party pricing service, management concluded that Level 2 inputs were utilized for all securities except for certain state and municipal obligations, known as bond anticipation notes, as well as certain debt securities where management utilized Level 3 inputs, such as broker or dealer quotes with limited levels of activity and price transparency. Restricted Equity Investments The fair value for Federal Home Loan Bank of New York, Federal Reserve Bank stock, and Atlantic Community Bankers Bank is its carrying value since this is the amount for which it could be redeemed. There is no active market for this stock and the Company is required to maintain a minimum investment as stipulated by the respective entities. Loans Receivable and Loans Held-for-Sale Fair values are estimated for portfolios of loans with similar financial characteristics. Loans are segregated by type such as residential real estate, consumer and commercial. Each loan category is further segmented into fixed and adjustable rate interest terms. Fair value of performing and non-performing loans was estimated by discounting the future cash flows, net of estimated prepayments, at a rate for which similar loans would be originated to new borrowers with similar terms. The fair value of loans was measured using the exit price notion. Deposits Other than Time Deposits The fair value of deposits with no stated maturity, such as non-interest-bearing demand deposits, savings, and interest-bearing checking accounts and money market accounts is, by definition, equal to the amount payable on demand. The related insensitivity of the majority of these deposits to interest rate changes creates a significant inherent value which is not reflected in the fair value reported. Time Deposits The fair value of time deposits is based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently offered for deposits of similar remaining maturities. Securities Sold Under Agreements to Repurchase with Customers Fair value approximates the carrying amount as these borrowings are payable on demand and the interest rate adjusts monthly. Borrowed Funds Fair value estimates are based on discounting contractual cash flows using rates which approximate the rates offered for borrowings of similar remaining maturities. The book value and estimated fair value of the Company’s significant financial instruments not recorded at fair value as of March 31, 2022 and December 31, 2021 are presented in the following tables (in thousands): Fair Value Measurements at Reporting Date Using: Book Level 1 Level 2 Level 3 March 31, 2022 Financial Assets: Cash and due from banks $ 210,919 $ 210,919 $ — $ — Debt securities held-to-maturity 1,099,514 — 1,038,041 12,851 Restricted equity investments 56,704 — — 56,704 Loans receivable, net and loans held-for-sale 9,065,679 — — 8,798,688 Financial Liabilities: Deposits other than time deposits 9,168,917 — 9,168,917 — Time deposits 887,316 — 872,733 — FHLB advances and other borrowings 269,398 — 290,103 — Securities sold under agreements to repurchase with customers 117,782 117,782 — — December 31, 2021 Financial Assets: Cash and due from banks $ 204,949 $ 204,949 $ — $ — Debt securities held-to-maturity 1,139,193 — 1,138,529 14,215 Restricted equity investments 53,195 — — 53,195 Loans receivable, net and loans held-for-sale 8,583,352 — — 8,533,506 Financial Liabilities: Deposits other than time deposits 8,957,815 — 8,957,815 — Time deposits 775,001 — 773,766 — Other borrowings 229,141 — 251,491 — Securities sold under agreements to repurchase with customers 118,769 118,769 — — Limitations Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because a limited market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other significant unobservable inputs. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on existing balance sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Significant assets and liabilities that are not considered financial assets or liabilities include premises and equipment, bank owned life insurance, deferred tax assets and goodwill. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates.

Derivatives, Hedging Activities

Derivatives, Hedging Activities and Other Financial Instruments	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives, Hedging Activities and Other Financial Instruments	Derivatives, Hedging Activities and Other Financial Instruments The Company enters into derivative financial instruments which involve, to varying degrees, interest rate, market and credit risk. The Company manages these risks as part of its asset and liability management process and through credit policies and procedures, seeking to minimize counterparty credit risk by establishing credit limits and collateral agreements. The Company utilizes certain derivative financial instruments to enhance its ability to manage interest rate risk that exists as part of its ongoing business operations. The derivative financial instruments entered into by the Company are an economic hedge of a derivative offering to Bank customers. The Company does not use derivative financial instruments for trading purposes. Customer Derivatives – Interest Rate Swaps and Cap Contracts The Company enters into interest rate swaps that allow commercial loan customers to effectively convert a variable-rate commercial loan agreement to a fixed-rate commercial loan agreement. Under these agreements, the Company enters into a variable-rate loan agreement with a customer in addition to an interest rate swap agreement, which serves to effectively swap the customer’s variable-rate loan into a fixed-rate loan. The Company then enters into a corresponding swap agreement with a third party in order to economically hedge its exposure through the customer agreement. The Company also enters into interest rate cap contracts that enable commercial loan customers to lock in a cap on a variable-rate commercial loan agreement. This feature prevents the loan from repricing to a level that exceeds the cap contract’s specified interest rate, which serves to hedge the risk from rising interest rates. The Company then enters into an offsetting interest rate cap contract with a third party in order to economically hedge its exposure through the customer agreement. The interest rate swaps and cap contracts with both the customers and third parties are not designated as hedges under FASB Accounting Standards Codification (“ASC”) Topic 815, Derivatives and Hedging, and are marked to market through earnings. As the interest rate swaps and cap contracts are structured to offset each other, changes to the underlying benchmark interest rates considered in the valuation of these instruments do not result in an impact to earnings; however, there may be fair value adjustments related to credit quality variations between counterparties, which may impact earnings as required by FASB ASC Topic 820, Fair Value Measurements. For the three months ended March 31, 2022 and 2021, the Company recognized a gain of $37,000 and $64,000, respectively, in commercial loan swap income resulting from fair value adjustments. The notional amount of derivatives not designated as hedging instruments was $1.10 billion and $938.7 million at March 31, 2022 and December 31, 2021, respectively. The table below presents the fair value of derivatives not designated as hedging instruments as well as their location on the consolidated statements of financial condition (in thousands): Fair Value Balance Sheet Location March 31, December 31, 2022 2021 Other assets $ 45,611 $ 22,787 Other liabilities 45,643 22,855 Credit Risk-Related Contingent Features

Leases

Leases	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Leases	Leases A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. The Company’s leases are comprised of real estate property for branches, automated teller machine locations and office space with terms extending through 2038. The Company has one existing finance lease, which has a lease term through 2029. The following table represents the classification of the Company’s right-of-use (“ROU”) assets and lease liabilities on the consolidated statements of financial condition (in thousands): March 31, December 31, 2022 2021 Lease ROU Assets Classification Operating lease ROU assets Other assets $ 14,249 $ 17,442 Finance lease ROU asset Premises and equipment, net 1,446 1,495 Total lease ROU assets $ 15,695 $ 18,937 Lease Liabilities Operating lease liabilities (1) Other liabilities $ 14,720 $ 17,982 Finance lease liability Other borrowings 1,854 1,904 Total lease liabilities $ 16,574 $ 19,886 (1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $8.6 million and $8.2 million as of March 31, 2022 and December 31, 2021, respectively. The calculated amount of the ROU assets and lease liabilities are impacted by the lease term and the discount rate used to calculate the present value of the minimum lease payments. Lease agreements often include one or more options to renew the lease at the Company’s discretion. If the exercise of a renewal option is considered to be reasonably certain, the Company includes the extended term in the calculation of the ROU asset and lease liability. For the discount rate, Leases (Topic 842) requires the Company to use the rate implicit in the lease, provided the rate is readily determinable. As this rate is rarely determinable, the Company utilizes its incremental borrowing rate, at lease inception, over a similar term. For operating leases existing prior to January 1, 2019, the Company used the incremental borrowing rate for the remaining lease term as of January 1, 2019. For the finance lease, the Company utilized its incremental borrowing rate at lease inception. March 31, December 31, 2022 2021 Weighted-Average Remaining Lease Term Operating leases 7.86 years 8.22 years Finance lease 7.35 years 7.59 years Weighted-Average Discount Rate Operating leases 2.84 % 2.97 % Finance lease 5.63 5.63 The following table represents lease expenses and other lease information (in thousands): Three Months Ended March 31, 2022 2021 Lease Expense Operating lease expense $ 1,258 $ 1,490 Finance lease expense: Amortization of ROU assets 50 50 Interest on lease liabilities (1) 26 29 Total $ 1,334 $ 1,569 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,162 $ 1,450 Operating cash flows from finance leases 26 29 Financing cash flows from finance leases 51 48 (1) Included in borrowed funds interest expense on the consolidated statements of income. All other costs are included in occupancy expense. The Company sold two branches, including owned premises and equipment, all deposits associated with the branches, and selected performing loans in December 2021. The Company also consolidated four branches in early 2021, nine branches in late 2021, and 10 branches and one deposit gathering location in early 2022. These plans have resulted in a shortened estimated useful life for premises and equipment and accelerated recognition of lease expenses, including the gains or losses related to subsequent sales or lease terminations, associated with these locations, totaling $62,000 and $980,000, for the three months ended March 31, 2022 and 2021, respectively, which is presented in branch consolidation expense, net, and is excluded from the table above. Other operating expenses related to these closures totaled $340,000 and $31,000, for the three months ended March 31, 2022 and 2021, respectively, and are presented in branch consolidation expense, net. Future minimum payments for the finance lease and operating leases with initial or remaining terms of one year or more as of March 31, 2022 were as follows (in thousands): Finance Lease Operating Leases For the Twelve Months Ending March 31, 2023 $ 307 $ 3,366 2024 307 2,579 2025 307 2,448 2026 307 1,879 2027 307 1,224 Thereafter 721 5,283 Total 2,256 16,779 Less: Imputed interest (402) (2,059) Total lease liabilities $ 1,854 $ 14,720
Leases	Leases A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. The Company’s leases are comprised of real estate property for branches, automated teller machine locations and office space with terms extending through 2038. The Company has one existing finance lease, which has a lease term through 2029. The following table represents the classification of the Company’s right-of-use (“ROU”) assets and lease liabilities on the consolidated statements of financial condition (in thousands): March 31, December 31, 2022 2021 Lease ROU Assets Classification Operating lease ROU assets Other assets $ 14,249 $ 17,442 Finance lease ROU asset Premises and equipment, net 1,446 1,495 Total lease ROU assets $ 15,695 $ 18,937 Lease Liabilities Operating lease liabilities (1) Other liabilities $ 14,720 $ 17,982 Finance lease liability Other borrowings 1,854 1,904 Total lease liabilities $ 16,574 $ 19,886 (1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $8.6 million and $8.2 million as of March 31, 2022 and December 31, 2021, respectively. The calculated amount of the ROU assets and lease liabilities are impacted by the lease term and the discount rate used to calculate the present value of the minimum lease payments. Lease agreements often include one or more options to renew the lease at the Company’s discretion. If the exercise of a renewal option is considered to be reasonably certain, the Company includes the extended term in the calculation of the ROU asset and lease liability. For the discount rate, Leases (Topic 842) requires the Company to use the rate implicit in the lease, provided the rate is readily determinable. As this rate is rarely determinable, the Company utilizes its incremental borrowing rate, at lease inception, over a similar term. For operating leases existing prior to January 1, 2019, the Company used the incremental borrowing rate for the remaining lease term as of January 1, 2019. For the finance lease, the Company utilized its incremental borrowing rate at lease inception. March 31, December 31, 2022 2021 Weighted-Average Remaining Lease Term Operating leases 7.86 years 8.22 years Finance lease 7.35 years 7.59 years Weighted-Average Discount Rate Operating leases 2.84 % 2.97 % Finance lease 5.63 5.63 The following table represents lease expenses and other lease information (in thousands): Three Months Ended March 31, 2022 2021 Lease Expense Operating lease expense $ 1,258 $ 1,490 Finance lease expense: Amortization of ROU assets 50 50 Interest on lease liabilities (1) 26 29 Total $ 1,334 $ 1,569 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,162 $ 1,450 Operating cash flows from finance leases 26 29 Financing cash flows from finance leases 51 48 (1) Included in borrowed funds interest expense on the consolidated statements of income. All other costs are included in occupancy expense. The Company sold two branches, including owned premises and equipment, all deposits associated with the branches, and selected performing loans in December 2021. The Company also consolidated four branches in early 2021, nine branches in late 2021, and 10 branches and one deposit gathering location in early 2022. These plans have resulted in a shortened estimated useful life for premises and equipment and accelerated recognition of lease expenses, including the gains or losses related to subsequent sales or lease terminations, associated with these locations, totaling $62,000 and $980,000, for the three months ended March 31, 2022 and 2021, respectively, which is presented in branch consolidation expense, net, and is excluded from the table above. Other operating expenses related to these closures totaled $340,000 and $31,000, for the three months ended March 31, 2022 and 2021, respectively, and are presented in branch consolidation expense, net. Future minimum payments for the finance lease and operating leases with initial or remaining terms of one year or more as of March 31, 2022 were as follows (in thousands): Finance Lease Operating Leases For the Twelve Months Ending March 31, 2023 $ 307 $ 3,366 2024 307 2,579 2025 307 2,448 2026 307 1,879 2027 307 1,224 Thereafter 721 5,283 Total 2,256 16,779 Less: Imputed interest (402) (2,059) Total lease liabilities $ 1,854 $ 14,720

Subsequent Event

Subsequent Event	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event On April 1, 2022, the Company completed its previously announced agreement to acquire a majority interest of 60% in Trident Abstract Title Agency, LLC (“Trident”). Trident provides commercial and residential title services throughout New Jersey; and through strategic alliances can also service client’s title insurance needs outside of New Jersey. The acquisition is expected to be complimentary to the Company’s existing consumer and commercial lending business. The purchase price was $7.1 million

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation	The consolidated financial statements include the accounts of OceanFirst Financial Corp. (the “Company”) and its wholly-owned subsidiaries, OceanFirst Bank N.A. (the “Bank”) and OceanFirst Risk Management, Inc., and the Bank’s direct and indirect wholly-owned subsidiaries, OceanFirst REIT Holdings, Inc., OceanFirst Management Corp., OceanFirst Realty Corp. Casaba Real Estate Holdings Corporation, CBNJ Investments Corp., Country Property Holdings, Inc., and TRCB Investment Corp. All significant intercompany accounts and transactions have been eliminated in consolidation.

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Reconciliation of Shares Outstanding for Basic and Diluted Earnings per Share	The following reconciles shares outstanding for basic and diluted earnings per share for the three months ended March 31, 2022 and 2021 (in thousands): Three Months Ended 2022 2021 Weighted average shares outstanding 59,303 60,300 Less: Unallocated ESOP shares (422) (386) Unallocated incentive award shares (142) (74) Average basic shares outstanding 58,739 59,840 Add: Effect of dilutive securities: Incentive awards 204 261 Average diluted shares outstanding 58,943 60,101

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Debt Securities, Available-for-sale	The amortized cost, estimated fair value, and allowance for securities credit losses of debt securities available-for-sale and held-to-maturity at March 31, 2022 and December 31, 2021 are as follows (in thousands): Amortized Gross Gross Estimated Allowance for Credit Losses At March 31, 2022 Debt securities available-for-sale: U.S. government and agency obligations $ 145,690 $ 206 $ (3,855) $ 142,041 $ — Corporate debt securities 5,000 — (216) 4,784 — Asset-backed securities 302,389 — (5,300) 297,089 — Agency commercial mortgage-backed securities (“MBS”) 111,399 — (8,843) 102,556 — Total debt securities available-for-sale $ 564,478 $ 206 $ (18,214) $ 546,470 $ — Debt securities held-to-maturity: State, municipal and sovereign debt obligations $ 272,250 $ 396 $ (12,673) $ 259,973 $ (69) Corporate debt securities 64,198 917 (1,951) 63,164 (1,272) Mortgage-backed securities: Agency residential 730,960 467 (38,828) 692,599 — Agency commercial 4,163 3 (45) 4,121 — Non-agency commercial 32,057 3 (1,025) 31,035 (39) Total mortgage-backed securities 767,180 473 (39,898) 727,755 (39) Total debt securities held-to-maturity $ 1,103,628 $ 1,786 $ (54,522) $ 1,050,892 $ (1,380) Total debt securities $ 1,668,106 $ 1,992 $ (72,736) $ 1,597,362 $ (1,380) At December 31, 2021 Debt securities available-for-sale: U.S. government and agency obligations $ 164,756 $ 1,135 $ (471) $ 165,420 $ — Corporate debt securities 5,000 42 (11) 5,031 — Asset-backed securities 298,976 41 (1,489) 297,528 — Agency commercial MBS 101,142 57 (923) 100,276 — Total debt securities available-for-sale $ 569,874 $ 1,275 $ (2,894) $ 568,255 $ — Debt securities held-to-maturity: State, municipal, and sovereign debt obligations $ 281,389 $ 10,185 $ (1,164) $ 290,410 $ (85) Corporate debt securities 68,823 1,628 (1,279) 69,172 (1,343) Mortgage-backed securities: Agency residential 756,844 6,785 (7,180) 756,449 — Agency commercial 4,385 7 (44) 4,348 — Non-agency commercial 32,107 362 (104) 32,365 (39) Total mortgage-backed securities 793,336 7,154 (7,328) 793,162 (39) Total debt securities held-to-maturity $ 1,143,548 $ 18,967 $ (9,771) $ 1,152,744 $ (1,467) Total debt securities $ 1,713,422 $ 20,242 $ (12,665) $ 1,720,999 $ (1,467)
Debt Securities, Held-to-maturity, Allowance for Credit Loss	The following table presents the activity in the allowance for credit losses for debt securities held-to-maturity for the three months ended March 31, 2022 and 2021 (in thousands): Three Months Ended March 31, 2022 2021 Allowance for securities credit losses Beginning balance $ (1,467) $ (1,715) Benefit (provision) for credit loss expense 87 (2) Total ending allowance balance $ (1,380) $ (1,717)
Carrying Value of Held-to-Maturity Investment Securities	The carrying value of the debt securities held-to-maturity at March 31, 2022 and December 31, 2021 is as follows (in thousands): March 31, December 31, 2022 2021 Amortized cost $ 1,103,628 $ 1,143,548 Net loss on date of transfer from available-for-sale (13,556) (13,556) Allowance for securities credit losses (1,380) (1,467) Accretion of net unrealized loss on securities reclassified as held-to-maturity 10,822 10,668 Carrying value $ 1,099,514 $ 1,139,193 The realized and unrealized gains or losses on equity securities for the three months ended March 31, 2022 and 2021 are shown in the table below (in thousands): Three Months Ended March 31, 2022 2021 Net (loss) gain on equity investments $ (2,786) $ 8,287 Less: Net gains recognized on equity securities sold 1,582 8,123 Unrealized (loss) gain recognized on equity securities still held $ (4,368) $ 164
Amortized Cost and Estimated Fair Value of Investment Securities by Contractual Maturity	The amortized cost and estimated fair value of debt securities at March 31, 2022 by contractual maturity are shown below (in thousands). March 31, 2022 Amortized Estimated Less than one year $ 95,878 $ 95,857 Due after one year through five years 153,847 148,910 Due after five years through ten years 242,079 232,695 Due after ten years 297,723 289,589 $ 789,527 $ 767,051
Estimated Fair Value and Unrealized Loss for Securities Available-for-Sale and Held-to-Maturity	The estimated fair value and unrealized losses for debt securities available-for-sale and held-to-maturity at March 31, 2022 and December 31, 2021, segregated by the duration of the unrealized losses, are as follows (in thousands): Less than 12 months 12 months or longer Total Estimated Unrealized Estimated Unrealized Estimated Unrealized At March 31, 2022 Debt securities available-for-sale: U.S. government and agency obligations $ 76,857 $ (3,811) $ 5,017 $ (44) $ 81,874 $ (3,855) Corporate debt securities 4,784 (216) — — 4,784 (216) Asset-backed securities 266,780 (5,058) 15,309 (242) 282,089 (5,300) Agency commercial MBS 102,556 (8,843) — — 102,556 (8,843) Total debt securities available-for-sale 450,977 (17,928) 20,326 (286) 471,303 (18,214) Debt securities held-to-maturity: State, municipal and sovereign debt obligations 203,363 (11,481) 15,508 (1,192) 218,871 (12,673) Corporate debt securities 6,080 (87) 36,467 (1,864) 42,547 (1,951) Mortgage-backed securities: Agency residential 469,893 (24,938) 170,870 (13,890) 640,764 (38,828) Agency commercial 608 (2) 2,393 (43) 3,001 (45) Non-agency commercial 30,032 (1,025) — — 30,032 (1,025) Total mortgage-backed securities 500,533 (25,965) 173,263 (13,933) 673,797 (39,898) Total debt securities held-to-maturity 709,976 (37,533) 225,238 (16,989) 935,215 (54,522) Total debt securities $ 1,160,953 $ (55,461) $ 245,564 $ (17,275) $ 1,406,518 $ (72,736) At December 31, 2021 Debt securities available-for-sale: U.S. government and agency obligations $ 82,395 $ (471) $ — $ — $ 82,395 $ (471) Corporate debt securities 1,989 (11) — — 1,989 (11) Asset-backed securities 279,486 (1,489) — — 279,486 (1,489) Agency commercial MBS 80,726 (923) — — 80,726 (923) Total debt securities available-for-sale 444,596 (2,894) — — 444,596 (2,894) Debt securities held-to-maturity: State, municipal, and sovereign debt obligations 75,329 (1,063) 4,383 (101) 79,712 (1,164) Corporate debt securities 38,304 (1,279) — — 38,304 (1,279) Mortgage-backed securities: Agency residential 445,399 (5,822) 50,133 (1,358) 495,532 (7,180) Agency commercial 2,255 (41) 886 (3) 3,141 (44) Non-agency commercial 10,722 (104) — — 10,722 (104) Total mortgage-backed securities 458,376 (5,967) 51,019 (1,361) 509,395 (7,328) Total debt securities held-to-maturity 572,009 (8,309) 55,402 (1,462) 627,411 (9,771) Total debt securities $ 1,016,605 $ (11,203) $ 55,402 $ (1,462) $ 1,072,007 $ (12,665)
Schedule of Debt Securities, Held-to-maturity, Credit Quality Indicator	The amortized cost of debt securities held-to-maturity at March 31, 2022, aggregated by credit quality indicator are as follows (in thousands): Investment Grade Non-Investment Grade/Non-rated Total As of March 31, 2022 State, municipal and sovereign debt obligations $ 272,250 $ — $ 272,250 Corporate debt securities 48,211 15,987 64,198 Non-agency commercial MBS 32,057 — 32,057 Total debt securities held-to-maturity $ 352,518 $ 15,987 $ 368,505

Loans Receivable, Net (Tables)

Loans Receivable, Net (Tables)	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Summary of Loans Receivable	Loans receivable, net at March 31, 2022 and December 31, 2021 consisted of the following (in thousands): March 31, December 31, 2022 2021 Commercial: Commercial real estate – investor $ 4,607,880 $ 4,378,061 Commercial real estate – owner occupied 1,057,246 1,055,065 Commercial and industrial (1) 502,739 449,224 Total commercial 6,167,865 5,882,350 Consumer: Residential real estate 2,687,927 2,479,701 Home equity loans and lines and other consumer (“other consumer”) 253,184 260,819 Total consumer 2,941,111 2,740,520 Total loans receivable 9,108,976 8,622,870 Deferred origination costs, net of fees 7,301 9,332 Allowance for loan credit losses (50,598) (48,850) Total loans receivable, net $ 9,065,679 $ 8,583,352
Risk Category of Loans by Loan Portfolio Segment Excluding PCI Loans	The following tables summarize total loans by year of origination, internally assigned credit grades and risk characteristics (in thousands): 2022 2021 2020 2019 2018 2017 and prior Revolving lines of credit Total March 31, 2022 Commercial real estate - investor Pass $ 325,263 $ 1,368,731 $ 611,037 $ 537,525 $ 262,169 $ 1,110,883 $ 277,149 $ 4,492,757 Special Mention — — — 19,416 9,378 31,267 655 60,716 Substandard — — — 21,625 83 30,803 1,896 54,407 Total commercial real estate - investor 325,263 1,368,731 611,037 578,566 271,630 1,172,953 279,700 4,607,880 Commercial real estate - owner occupied Pass 36,220 119,031 73,971 123,635 90,325 530,927 10,408 984,517 Special Mention — — — 10,851 4,610 9,395 260 25,116 Substandard — — — 4,600 7,722 35,128 163 47,613 Total commercial real estate - owner occupied 36,220 119,031 73,971 139,086 102,657 575,450 10,831 1,057,246 Commercial and industrial Pass 17,126 36,479 20,194 19,933 14,809 57,415 324,808 490,764 Special Mention — — — 658 269 325 3,207 4,459 Substandard — — 423 1,764 813 2,124 2,392 7,516 Total commercial and industrial 17,126 36,479 20,617 22,355 15,891 59,864 330,407 502,739 Residential real estate (1) Pass 313,669 869,552 453,895 267,613 114,815 665,096 — 2,684,640 Special Mention — — — 684 — 461 — 1,145 Substandard — — — — — 2,142 — 2,142 Total residential real estate 313,669 869,552 453,895 268,297 114,815 667,699 — 2,687,927 Other consumer (1) Pass 6,056 27,264 17,848 17,712 48,383 133,500 — 250,763 Special Mention — — — — — 175 — 175 Substandard — — — — 60 2,186 — 2,246 Total other consumer 6,056 27,264 17,848 17,712 48,443 135,861 — 253,184 Total loans $ 698,334 $ 2,421,057 $ 1,177,368 $ 1,026,016 $ 553,436 $ 2,611,827 $ 620,938 $ 9,108,976 (1) For residential real estate and other consumer loans, the Company evaluates credit quality based on the aging status of the loan and by payment activity. 2021 2020 2019 2018 2017 2016 and prior Revolving lines of credit Total December 31, 2021 Commercial real estate - investor Pass $ 1,387,753 $ 609,916 $ 535,551 $ 274,662 $ 375,646 $ 800,089 $ 255,613 $ 4,239,230 Special Mention — — 23,794 9,400 2,731 28,663 582 65,170 Substandard — 4,267 28,802 468 8,495 28,228 3,401 73,661 Total commercial real estate - investor 1,387,753 614,183 588,147 284,530 386,872 856,980 259,596 4,378,061 Commercial real estate - owner occupied Pass 116,355 71,196 125,212 91,531 109,232 449,966 10,913 974,405 Special Mention — — 1,365 3,829 479 14,371 2 20,046 Substandard — — 14,166 8,549 5,606 31,576 717 60,614 Total commercial real estate - owner occupied 116,355 71,196 140,743 103,909 115,317 495,913 11,632 1,055,065 Commercial and industrial Pass 42,955 22,573 22,878 16,404 8,671 50,887 271,818 436,186 Special Mention — — 231 350 85 172 3,645 4,483 Substandard — 457 2,281 813 198 2,029 2,777 8,555 Total commercial and industrial 42,955 23,030 25,390 17,567 8,954 53,088 278,240 449,224 Residential real estate (1) Pass 876,135 475,134 288,699 127,756 105,385 602,331 — 2,475,440 Special Mention — 212 — 61 — 1,313 — 1,586 Substandard — — — — 351 2,324 — 2,675 Total residential real estate 876,135 475,346 288,699 127,817 105,736 605,968 — 2,479,701 Other consumer (1) Pass 26,512 19,168 18,179 51,954 17,955 123,783 — 257,551 Special Mention — — — — — 322 — 322 Substandard — — — 18 — 2,928 — 2,946 Total other consumer 26,512 19,168 18,179 51,972 17,955 127,033 — 260,819 Total loans $ 2,449,710 $ 1,202,923 $ 1,061,158 $ 585,795 $ 634,834 $ 2,138,982 $ 549,468 $ 8,622,870
Analysis of Allowance for Loan Losses	An analysis of the allowance for credit losses on loans for the three months ended March 31, 2022 and 2021 is as follows (in thousands): Commercial Commercial Commercial Residential Other Consumer Unallocated Total For the three months ended Allowance for credit losses on loans Balance at beginning of period $ 25,504 $ 5,884 $ 5,039 $ 11,155 $ 1,268 $ — $ 48,850 Credit loss (benefit) expense (1,867) (840) (406) 5,028 (259) — 1,656 Charge-offs — (4) — — (139) — (143) Recoveries — 13 16 94 112 — 235 Balance at end of period $ 23,637 $ 5,053 $ 4,649 $ 16,277 $ 982 $ — $ 50,598 For the three months ended Allowance for credit losses on loans Balance at beginning of period $ 26,703 $ 15,054 $ 5,390 $ 11,818 $ 1,770 $ — $ 60,735 Credit loss expense (benefit) 10,149 (7,257) (2,875) (335) (721) — (1,039) Charge-offs (34) — — (242) (80) — (356) Recoveries 104 30 26 39 437 — 636 Balance at end of period $ 36,922 $ 7,827 $ 2,541 $ 11,280 $ 1,406 $ — $ 59,976
Recorded Investment in Non-Accrual Loans by Loan Portfolio Segment Excluding PCI Loans	The following table presents the recorded investment in non-accrual loans, by loan portfolio segment as of March 31, 2022 and December 31, 2021 (in thousands): March 31, December 31, 2022 2021 Commercial real estate – investor $ 3,575 $ 3,614 Commercial real estate – owner occupied 9,632 11,904 Commercial and industrial 2,830 277 Residential real estate 7,047 6,114 Other consumer 3,841 3,585 $ 26,925 $ 25,494
Aging of Recorded Investment in Past Due Loans Excluding PCI Loans	The following table presents the aging of the recorded investment in past due loans as of March 31, 2022 and December 31, 2021 by loan portfolio segment (in thousands): 30-59 60-89 90 Days or Greater Past Due Total Loans Not Total March 31, 2022 Commercial real estate – investor $ 2,109 $ 74 $ 1,663 $ 3,846 $ 4,604,034 $ 4,607,880 Commercial real estate – owner occupied 4,465 18 373 4,856 1,052,390 1,057,246 Commercial and industrial 66 43 356 465 502,274 502,739 Residential real estate 9,816 1,146 2,142 13,104 2,674,823 2,687,927 Other consumer 779 175 2,246 3,200 249,984 253,184 $ 17,235 $ 1,456 $ 6,780 $ 25,471 $ 9,083,505 $ 9,108,976 December 31, 2021 Commercial real estate – investor $ 1,717 $ 102 $ 1,709 $ 3,528 $ 4,374,533 $ 4,378,061 Commercial real estate – owner occupied 599 — 575 1,174 1,053,891 1,055,065 Commercial and industrial 25 151 277 453 448,771 449,224 Residential real estate 9,705 1,586 2,675 13,966 2,465,735 2,479,701 Other consumer 339 322 2,946 3,607 257,212 260,819 $ 12,385 $ 2,161 $ 8,182 $ 22,728 $ 8,600,142 $ 8,622,870
Troubled Debt Restructurings	The following table presents information about TDR loans which occurred during the three months ended March 31, 2022 and 2021 (dollars in thousands): Number of Loans Pre-modification Post-modification Three months ended March 31, 2022 Troubled debt restructurings: Commercial and industrial 1 $ 65 $ 65 Other consumer 3 991 1,109 Three months ended March 31, 2021 Troubled debt restructurings: Other consumer 2 $ 26 $ 33

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2022
Banking and Thrift, Other Disclosures [Abstract]
Summary of Major Types of Deposits	The major types of deposits at March 31, 2022 and December 31, 2021 were as follows (in thousands): Type of Account March 31, December 31, 2022 2021 Non-interest-bearing $ 2,444,833 $ 2,412,056 Interest-bearing checking 4,287,745 4,201,736 Money market deposit 811,588 736,090 Savings 1,624,751 1,607,933 Time deposits 887,316 775,001 Total deposits $ 10,056,233 $ 9,732,816

Borrowed Funds (Tables)

Borrowed Funds (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Summary Of Borrowed Funds	Borrowed funds at March 31, 2022 and December 31, 2021 were as follows (in thousands): March 31, December 31, 2022 2021 FHLB advances $ 75,002 $ — Securities sold under agreements to repurchase with customers 117,782 118,769 Other borrowings 194,396 229,141 Total borrowed funds $ 387,180 $ 347,910

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Financial Assets and Financial Liabilities Measured at Fair Value	The following table summarizes financial assets and financial liabilities measured at fair value as of March 31, 2022 and December 31, 2021, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands): Fair Value Measurements at Reporting Date Using: Total Fair Level 1 Level 2 Level 3 March 31, 2022 Items measured on a recurring basis: Debt securities available-for-sale $ 546,470 $ — $ 546,470 $ — Equity investments 81,588 12,517 69,071 — Interest rate derivative asset 45,611 — 45,611 — Interest rate derivative liability (45,643) — (45,643) — Items measured on a non-recurring basis: Equity investments 12,300 — — 12,300 Other real estate owned 106 — — 106 Loans measured for impairment based on the fair value of the underlying collateral 16,477 — — 16,477 December 31, 2021 Items measured on a recurring basis: Debt securities available-for-sale $ 568,255 $ — $ 568,255 $ — Equity investments 90,726 14,608 73,400 2,718 Interest rate derivative asset 22,787 — 22,787 — Interest rate derivative liability (22,855) — (22,855) — Items measured on a non-recurring basis: Equity investments 10,429 — — 10,429 Other real estate owned 106 — — 106 Loans measured for impairment based on the fair value of the underlying collateral 16,233 — — 16,233
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following table reconciles, for the three months ended March 31, 2022 and 2021, the beginning and ending balances for equity investments available-for-sale that are recognized at fair value on a recurring basis, in the Consolidated Statements of Financial Condition, using significant unobservable inputs (in thousands): For the Three Months Ended March 31, 2022 2021 Equity Investments Beginning balance $ 2,718 $ 2,540 Total gains included in earnings — 398 Sales — — Transfers out of Level 3 (2,718) — Ending balance $ — $ 2,938
Book Value and Estimated Fair Value of Bank's Significant Financial Instruments Not Recorded at Fair Value	The book value and estimated fair value of the Company’s significant financial instruments not recorded at fair value as of March 31, 2022 and December 31, 2021 are presented in the following tables (in thousands): Fair Value Measurements at Reporting Date Using: Book Level 1 Level 2 Level 3 March 31, 2022 Financial Assets: Cash and due from banks $ 210,919 $ 210,919 $ — $ — Debt securities held-to-maturity 1,099,514 — 1,038,041 12,851 Restricted equity investments 56,704 — — 56,704 Loans receivable, net and loans held-for-sale 9,065,679 — — 8,798,688 Financial Liabilities: Deposits other than time deposits 9,168,917 — 9,168,917 — Time deposits 887,316 — 872,733 — FHLB advances and other borrowings 269,398 — 290,103 — Securities sold under agreements to repurchase with customers 117,782 117,782 — — December 31, 2021 Financial Assets: Cash and due from banks $ 204,949 $ 204,949 $ — $ — Debt securities held-to-maturity 1,139,193 — 1,138,529 14,215 Restricted equity investments 53,195 — — 53,195 Loans receivable, net and loans held-for-sale 8,583,352 — — 8,533,506 Financial Liabilities: Deposits other than time deposits 8,957,815 — 8,957,815 — Time deposits 775,001 — 773,766 — Other borrowings 229,141 — 251,491 — Securities sold under agreements to repurchase with customers 118,769 118,769 — —

Derivatives, Hedging Activiti_2

Derivatives, Hedging Activities and Other Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	The table below presents the fair value of derivatives not designated as hedging instruments as well as their location on the consolidated statements of financial condition (in thousands): Fair Value Balance Sheet Location March 31, December 31, 2022 2021 Other assets $ 45,611 $ 22,787 Other liabilities 45,643 22,855

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Schedule of Right-of-Use Assets and Lease Liabilities	The following table represents the classification of the Company’s right-of-use (“ROU”) assets and lease liabilities on the consolidated statements of financial condition (in thousands): March 31, December 31, 2022 2021 Lease ROU Assets Classification Operating lease ROU assets Other assets $ 14,249 $ 17,442 Finance lease ROU asset Premises and equipment, net 1,446 1,495 Total lease ROU assets $ 15,695 $ 18,937 Lease Liabilities Operating lease liabilities (1) Other liabilities $ 14,720 $ 17,982 Finance lease liability Other borrowings 1,854 1,904 Total lease liabilities $ 16,574 $ 19,886 (1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $8.6 million and $8.2 million as of March 31, 2022 and December 31, 2021, respectively.
Schedule of Weighted Average Remaining Lease Term and Discount Rate	March 31, December 31, 2022 2021 Weighted-Average Remaining Lease Term Operating leases 7.86 years 8.22 years Finance lease 7.35 years 7.59 years Weighted-Average Discount Rate Operating leases 2.84 % 2.97 % Finance lease 5.63 5.63
Schedule of Lease Costs and Other Lease Information	The following table represents lease expenses and other lease information (in thousands): Three Months Ended March 31, 2022 2021 Lease Expense Operating lease expense $ 1,258 $ 1,490 Finance lease expense: Amortization of ROU assets 50 50 Interest on lease liabilities (1) 26 29 Total $ 1,334 $ 1,569 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,162 $ 1,450 Operating cash flows from finance leases 26 29 Financing cash flows from finance leases 51 48 (1) Included in borrowed funds interest expense on the consolidated statements of income. All other costs are included in occupancy expense.
Future Minimum Payments for Finance Leases	Future minimum payments for the finance lease and operating leases with initial or remaining terms of one year or more as of March 31, 2022 were as follows (in thousands): Finance Lease Operating Leases For the Twelve Months Ending March 31, 2023 $ 307 $ 3,366 2024 307 2,579 2025 307 2,448 2026 307 1,879 2027 307 1,224 Thereafter 721 5,283 Total 2,256 16,779 Less: Imputed interest (402) (2,059) Total lease liabilities $ 1,854 $ 14,720
Future Minimum Payments for Operating Leases	Future minimum payments for the finance lease and operating leases with initial or remaining terms of one year or more as of March 31, 2022 were as follows (in thousands): Finance Lease Operating Leases For the Twelve Months Ending March 31, 2023 $ 307 $ 3,366 2024 307 2,579 2025 307 2,448 2026 307 1,879 2027 307 1,224 Thereafter 721 5,283 Total 2,256 16,779 Less: Imputed interest (402) (2,059) Total lease liabilities $ 1,854 $ 14,720

Earnings per Share - Reconcilia

Earnings per Share - Reconciliation of Shares Outstanding for Basic and Diluted Earnings per Share (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Weighted average shares outstanding (in shares)	59,303	60,300
Less: Unallocated ESOP shares (in shares)	(422)	(386)
Unallocated incentive award shares (in shares)	(142)	(74)
Average basic shares outstanding (in shares)	58,739	59,840
Add: Effect of dilutive securities:
Incentive awards (in shares)	204	261
Average diluted shares outstanding (in shares)	58,943	60,101

Earnings per Share - Additional

Earnings per Share - Additional Information (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Antidilutive stock options excluded from earnings per share calculations (in shares)	904	1,672

Securities - Amortized Cost and

Securities - Amortized Cost and Estimated Fair Value of Securities Available-for-Sale and Held-to-Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Securities Financing Transaction [Line Items]
Available-for-sale, amortized cost	$ 564,478	$ 569,874
Available-for-sale, gross unrealized gains	206	1,275
Available-for-sale, gross unrealized losses	(18,214)	(2,894)
Available-for-sale, fair value	546,470	568,255
Allowance for Credit Losses	0	0
Amortized Cost	1,103,628	1,143,548
Held-to-maturity, gross unrealized gains	1,786	18,967
Held-to-maturity, gross unrealized losses	(54,522)	(9,771)
Debt securities held-to-maturity	1,050,892	1,152,744
Allowance for Credit Losses	(1,380)	(1,467)	$ (1,717)	$ (1,715)
Total, amortized cost	1,668,106	1,713,422
Total, gross unrealized gains	1,992	20,242
Total, gross unrealized losses	(72,736)	(12,665)
Total, estimated fair value	1,597,362	1,720,999
U.S. government and agency obligations | Investment securities
Securities Financing Transaction [Line Items]
Available-for-sale, amortized cost	145,690	164,756
Available-for-sale, gross unrealized gains	206	1,135
Available-for-sale, gross unrealized losses	(3,855)	(471)
Available-for-sale, fair value	142,041	165,420
Allowance for Credit Losses	0	0
Corporate debt securities
Securities Financing Transaction [Line Items]
Available-for-sale, amortized cost	63,100
Available-for-sale, fair value	61,800
Corporate debt securities | Investment securities
Securities Financing Transaction [Line Items]
Available-for-sale, amortized cost	5,000	5,000
Available-for-sale, gross unrealized gains	0	42
Available-for-sale, gross unrealized losses	(216)	(11)
Available-for-sale, fair value	4,784	5,031
Allowance for Credit Losses	0	0
Amortized Cost	64,198	68,823
Held-to-maturity, gross unrealized gains	917	1,628
Held-to-maturity, gross unrealized losses	(1,951)	(1,279)
Debt securities held-to-maturity	63,164	69,172
Allowance for Credit Losses	(1,272)	(1,343)
Asset-backed securities
Securities Financing Transaction [Line Items]
Available-for-sale, amortized cost	303,400
Asset-backed securities | Investment securities
Securities Financing Transaction [Line Items]
Available-for-sale, amortized cost	302,389	298,976
Available-for-sale, gross unrealized gains	0	41
Available-for-sale, gross unrealized losses	(5,300)	(1,489)
Available-for-sale, fair value	297,089	297,528
Allowance for Credit Losses	0	0
State, municipal and sovereign debt obligations
Securities Financing Transaction [Line Items]
Available-for-sale, amortized cost	87,600
Available-for-sale, fair value	85,400
State, municipal and sovereign debt obligations | Investment securities
Securities Financing Transaction [Line Items]
Amortized Cost	272,250	281,389
Held-to-maturity, gross unrealized gains	396	10,185
Held-to-maturity, gross unrealized losses	(12,673)	(1,164)
Debt securities held-to-maturity	259,973	290,410
Allowance for Credit Losses	(69)	(85)
Mortgage-backed securities:
Securities Financing Transaction [Line Items]
Amortized Cost	767,180	793,336
Held-to-maturity, gross unrealized gains	473	7,154
Held-to-maturity, gross unrealized losses	(39,898)	(7,328)
Debt securities held-to-maturity	727,755	793,162
Allowance for Credit Losses	(39)	(39)
Mortgage-backed securities: | Agency residential
Securities Financing Transaction [Line Items]
Amortized Cost	730,960	756,844
Held-to-maturity, gross unrealized gains	467	6,785
Held-to-maturity, gross unrealized losses	(38,828)	(7,180)
Debt securities held-to-maturity	692,599	756,449
Allowance for Credit Losses	0	0
Mortgage-backed securities: | Agency commercial
Securities Financing Transaction [Line Items]
Available-for-sale, amortized cost	111,399	101,142
Available-for-sale, gross unrealized gains	0	57
Available-for-sale, gross unrealized losses	(8,843)	(923)
Available-for-sale, fair value	102,556	100,276
Allowance for Credit Losses	0	0
Amortized Cost	4,163	4,385
Held-to-maturity, gross unrealized gains	3	7
Held-to-maturity, gross unrealized losses	(45)	(44)
Debt securities held-to-maturity	4,121	4,348
Allowance for Credit Losses	0	0
Mortgage-backed securities: | Non-agency commercial
Securities Financing Transaction [Line Items]
Amortized Cost	32,057	32,107
Held-to-maturity, gross unrealized gains	3	362
Held-to-maturity, gross unrealized losses	(1,025)	(104)
Debt securities held-to-maturity	31,035	32,365
Allowance for Credit Losses	$ (39)	$ (39)

Securities - Allowance for Cred

Securities - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Allowance for securities credit losses
Beginning balance	$ (1,467)	$ (1,715)
Benefit (provision) for credit loss expense	87	(2)
Total ending allowance balance	$ (1,380)	$ (1,717)

Securities - Additional Informa

Securities - Additional Information (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2013
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities transferred to held-to-maturity securities			$ 12,700,000	$ 536,000,000
Unrealized net loss on securities reclassified from available-for-sale to held-to-maturity, Gross			209,000	$ 13,300,000
Debt securities, available-for-sale, realized gain (loss)	$ (87,000)	$ 0
Available-for-sale, amortized cost	564,478,000		569,874,000
Available-for-sale, fair value	546,470,000		568,255,000
Estimated fair value of securities pledged for deposits and other purposes	1,090,000,000		1,140,000,000
Equity investments	93,888,000		101,155,000
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Available-for-sale, amortized cost	63,100,000
Available-for-sale, fair value	61,800,000
Reverse Repurchase Agreement
Debt Securities, Available-for-sale [Line Items]
Estimated fair value of securities pledged for reverse repurchase agreements	$ 114,600,000		$ 142,900,000

Securities - Carrying Value of

Securities - Carrying Value of Held-to-Maturity Investment Securities (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Amortized cost	$ 1,103,628	$ 1,143,548
Net loss on date of transfer from available-for-sale	(13,556)	(13,556)
Allowance for securities credit losses	(1,380)	(1,467)	$ (1,717)	$ (1,715)
Accretion of net unrealized loss on securities reclassified as held-to-maturity	10,822	10,668
Carrying value	$ 1,099,514	$ 1,139,193

Securities - Amortized Cost a_2

Securities - Amortized Cost and Estimated Fair Value of Investment Securities by Contractual Maturity (Details) $ in Thousands	Mar. 31, 2022USD ($)
Amortized Cost
Less than one year	$ 95,878
Due after one year through five years	153,847
Due after five years through ten years	242,079
Due after ten years	297,723
Total amortized cost	789,527
Estimated Fair Value
Less than one year	95,857
Due after one year through five years	148,910
Due after five years through ten years	232,695
Due after ten years	289,589
Total estimated fair value	$ 767,051

Securities - Estimated Fair Val

Securities - Estimated Fair Value and Unrealized Loss for Securities Available-for-Sale and Held-to-Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Available-for-sale, Less than 12 months, Estimated Fair Value	$ 450,977	$ 444,596
Available-for-sale, Less than 12 months, Unrealized Losses	(17,928)	(2,894)
Available-for-sale, 12 months or Longer, Estimated Fair Value	20,326	0
Available-for-sale, 12 months or longer, Unrealized Losses	(286)	0
Available-for-sale, Total, Estimated Fair Value	471,303	444,596
Available-for-sale, Total, Unrealized Losses	(18,214)	(2,894)
Held-to-maturity, Less than 12 months, Estimated Fair Value	709,976	572,009
Held-to-maturity, Less than 12 months, Unrealized Losses	(37,533)	(8,309)
Held-to-maturity, 12 months or longer, Estimated Fair Value	225,238	55,402
Held-to-maturity, 12 months or longer, Unrealized Losses	(16,989)	(1,462)
Held-to-maturity, Total, Estimated Fair Value	935,215	627,411
Held-to-maturity, total, unrealized losses	(54,522)	(9,771)
Total securities, Less than 12 months, Estimated Fair Value	1,160,953	1,016,605
Total securities, Less than 12 months, Unrealized Losses	(55,461)	(11,203)
Total securities, 12 months or longer, Estimated Fair Value	245,564	55,402
Total securities, 12 months or longer, Unrealized Losses	(17,275)	(1,462)
Total securities, Estimated Fair Value	1,406,518	1,072,007
Total securities, Unrealized Losses	(72,736)	(12,665)
U.S. government and agency obligations | Investment securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Available-for-sale, Less than 12 months, Estimated Fair Value	76,857	82,395
Available-for-sale, Less than 12 months, Unrealized Losses	(3,811)	(471)
Available-for-sale, 12 months or Longer, Estimated Fair Value	5,017	0
Available-for-sale, 12 months or longer, Unrealized Losses	(44)	0
Available-for-sale, Total, Estimated Fair Value	81,874	82,395
Available-for-sale, Total, Unrealized Losses	(3,855)	(471)
Corporate debt securities | Investment securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Available-for-sale, Less than 12 months, Estimated Fair Value	4,784	1,989
Available-for-sale, Less than 12 months, Unrealized Losses	(216)	(11)
Available-for-sale, 12 months or Longer, Estimated Fair Value	0	0
Available-for-sale, 12 months or longer, Unrealized Losses	0	0
Available-for-sale, Total, Estimated Fair Value	4,784	1,989
Available-for-sale, Total, Unrealized Losses	(216)	(11)
Held-to-maturity, Less than 12 months, Estimated Fair Value	6,080	38,304
Held-to-maturity, Less than 12 months, Unrealized Losses	(87)	(1,279)
Held-to-maturity, 12 months or longer, Estimated Fair Value	36,467	0
Held-to-maturity, 12 months or longer, Unrealized Losses	(1,864)	0
Held-to-maturity, Total, Estimated Fair Value	42,547	38,304
Held-to-maturity, total, unrealized losses	(1,951)	(1,279)
Asset-backed securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Available-for-sale, Less than 12 months, Unrealized Losses	(5,058)
Available-for-sale, 12 months or Longer, Estimated Fair Value	15,309
Available-for-sale, 12 months or longer, Unrealized Losses	(242)
Available-for-sale, Total, Estimated Fair Value	282,089
Available-for-sale, Total, Unrealized Losses	(5,300)
Asset-backed securities | Investment securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Available-for-sale, Less than 12 months, Estimated Fair Value	266,780	279,486
Available-for-sale, Less than 12 months, Unrealized Losses		(1,489)
Available-for-sale, 12 months or Longer, Estimated Fair Value		0
Available-for-sale, 12 months or longer, Unrealized Losses		0
Available-for-sale, Total, Estimated Fair Value		279,486
Available-for-sale, Total, Unrealized Losses		(1,489)
Mortgage-backed securities:
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	500,533	458,376
Held-to-maturity, Less than 12 months, Unrealized Losses	(25,965)	(5,967)
Held-to-maturity, 12 months or longer, Estimated Fair Value	173,263	51,019
Held-to-maturity, 12 months or longer, Unrealized Losses	(13,933)	(1,361)
Held-to-maturity, Total, Estimated Fair Value	673,797	509,395
Held-to-maturity, total, unrealized losses	(39,898)	(7,328)
Mortgage-backed securities: | Investment securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Available-for-sale, Less than 12 months, Estimated Fair Value	102,556	80,726
Available-for-sale, Less than 12 months, Unrealized Losses	(8,843)	(923)
Available-for-sale, 12 months or Longer, Estimated Fair Value	0	0
Available-for-sale, 12 months or longer, Unrealized Losses	0	0
Available-for-sale, Total, Estimated Fair Value	102,556	80,726
Available-for-sale, Total, Unrealized Losses	(8,843)	(923)
Mortgage-backed securities: | Agency residential
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	469,893	445,399
Held-to-maturity, Less than 12 months, Unrealized Losses	(24,938)	(5,822)
Held-to-maturity, 12 months or longer, Estimated Fair Value	170,870	50,133
Held-to-maturity, 12 months or longer, Unrealized Losses	(13,890)	(1,358)
Held-to-maturity, Total, Estimated Fair Value	640,764	495,532
Held-to-maturity, total, unrealized losses	(38,828)	(7,180)
Mortgage-backed securities: | Agency commercial
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	608	2,255
Held-to-maturity, Less than 12 months, Unrealized Losses	(2)	(41)
Held-to-maturity, 12 months or longer, Estimated Fair Value	2,393	886
Held-to-maturity, 12 months or longer, Unrealized Losses	(43)	(3)
Held-to-maturity, Total, Estimated Fair Value	3,001	3,141
Held-to-maturity, total, unrealized losses	(45)	(44)
Mortgage-backed securities: | Non-agency commercial
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	30,032	10,722
Held-to-maturity, Less than 12 months, Unrealized Losses	(1,025)	(104)
Held-to-maturity, 12 months or longer, Estimated Fair Value	0	0
Held-to-maturity, 12 months or longer, Unrealized Losses	0	0
Held-to-maturity, Total, Estimated Fair Value	30,032	10,722
Held-to-maturity, total, unrealized losses	(1,025)	(104)
State, municipal and sovereign debt obligations | Investment securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	203,363	75,329
Held-to-maturity, Less than 12 months, Unrealized Losses	(11,481)	(1,063)
Held-to-maturity, 12 months or longer, Estimated Fair Value	15,508	4,383
Held-to-maturity, 12 months or longer, Unrealized Losses	(1,192)	(101)
Held-to-maturity, Total, Estimated Fair Value	218,871	79,712
Held-to-maturity, total, unrealized losses	$ (12,673)	$ (1,164)

Securities - Credit Quality Ind

Securities - Credit Quality Indicator (Details) $ in Thousands	Mar. 31, 2022USD ($)
Investment and Mortgage-Backed Securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	$ 368,505
Investment Grade | Investment and Mortgage-Backed Securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	352,518
Non-Investment Grade/Non-rated | Investment and Mortgage-Backed Securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	15,987
State, municipal and sovereign debt obligations | Investment securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	272,250
State, municipal and sovereign debt obligations | Investment Grade | Investment securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	272,250
State, municipal and sovereign debt obligations | Non-Investment Grade/Non-rated | Investment securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	0
Corporate debt securities | Investment securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	64,198
Corporate debt securities | Investment Grade | Investment securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	48,211
Corporate debt securities | Non-Investment Grade/Non-rated | Investment securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	15,987
Mortgage-backed securities: | Non-agency commercial
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	32,057
Mortgage-backed securities: | Investment Grade | Non-agency commercial
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	32,057
Mortgage-backed securities: | Non-Investment Grade/Non-rated | Non-agency commercial
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	$ 0

Securities - Equity Securities

Securities - Equity Securities Realized Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Net (loss) gain on equity investments	$ (2,786)	$ 8,287
Less: Net gains recognized on equity securities sold	1,582	8,123
Unrealized (loss) gain recognized on equity securities still held	$ (4,368)	$ 164

Loans Receivable, Net - Compone

Loans Receivable, Net - Components of Loans Receivable, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	$ 9,108,976	$ 8,622,870
Deferred origination costs, net of fees	7,301	9,332
Allowance for loan credit losses	(50,598)	(48,850)	$ (59,976)	$ (60,735)
Total loans receivable, net	9,065,679	8,583,352
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	6,167,865	5,882,350
Commercial | Commercial real estate – investor
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	4,607,880	4,378,061
Commercial | Commercial real estate – owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	1,057,246	1,055,065
Commercial | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	502,739	449,224
Commercial | Commercial and industrial | Paycheck Protection Program
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	15,000	22,900
Consumer:
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	2,941,111	2,740,520
Allowance for loan credit losses	(982)	(1,268)	$ (1,406)	$ (1,770)
Consumer: | Residential real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	2,687,927	2,479,701
Consumer: | Home equity loans and lines and other consumer (“other consumer”)
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	$ 253,184	$ 260,819

Loans Receivable, Net - Credit

Loans Receivable, Net - Credit Grades and Risk Characteristics (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	$ 698,334	$ 2,449,710
Year two	2,421,057	1,202,923
Year three	1,177,368	1,061,158
Year four	1,026,016	585,795
Year five	553,436	634,834
Year six and prior	2,611,827	2,138,982
Revolving Lines of Credit	620,938	549,468
Total	9,108,976	8,622,870
Commercial real estate – investor
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	325,263	1,387,753
Year two	1,368,731	614,183
Year three	611,037	588,147
Year four	578,566	284,530
Year five	271,630	386,872
Year six and prior	1,172,953	856,980
Revolving Lines of Credit	279,700	259,596
Total	4,607,880	4,378,061
Commercial real estate – investor | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	325,263	1,387,753
Year two	1,368,731	609,916
Year three	611,037	535,551
Year four	537,525	274,662
Year five	262,169	375,646
Year six and prior	1,110,883	800,089
Revolving Lines of Credit	277,149	255,613
Total	4,492,757	4,239,230
Commercial real estate – investor | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	0
Year three	0	23,794
Year four	19,416	9,400
Year five	9,378	2,731
Year six and prior	31,267	28,663
Revolving Lines of Credit	655	582
Total	60,716	65,170
Commercial real estate – investor | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	4,267
Year three	0	28,802
Year four	21,625	468
Year five	83	8,495
Year six and prior	30,803	28,228
Revolving Lines of Credit	1,896	3,401
Total	54,407	73,661
Commercial real estate – owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	36,220	116,355
Year two	119,031	71,196
Year three	73,971	140,743
Year four	139,086	103,909
Year five	102,657	115,317
Year six and prior	575,450	495,913
Revolving Lines of Credit	10,831	11,632
Total	1,057,246	1,055,065
Commercial real estate – owner occupied | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	36,220	116,355
Year two	119,031	71,196
Year three	73,971	125,212
Year four	123,635	91,531
Year five	90,325	109,232
Year six and prior	530,927	449,966
Revolving Lines of Credit	10,408	10,913
Total	984,517	974,405
Commercial real estate – owner occupied | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	0
Year three	0	1,365
Year four	10,851	3,829
Year five	4,610	479
Year six and prior	9,395	14,371
Revolving Lines of Credit	260	2
Total	25,116	20,046
Commercial real estate – owner occupied | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	0
Year three	0	14,166
Year four	4,600	8,549
Year five	7,722	5,606
Year six and prior	35,128	31,576
Revolving Lines of Credit	163	717
Total	47,613	60,614
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	17,126	42,955
Year two	36,479	23,030
Year three	20,617	25,390
Year four	22,355	17,567
Year five	15,891	8,954
Year six and prior	59,864	53,088
Revolving Lines of Credit	330,407	278,240
Total	502,739	449,224
Commercial and industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	17,126	42,955
Year two	36,479	22,573
Year three	20,194	22,878
Year four	19,933	16,404
Year five	14,809	8,671
Year six and prior	57,415	50,887
Revolving Lines of Credit	324,808	271,818
Total	490,764	436,186
Commercial and industrial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	0
Year three	0	231
Year four	658	350
Year five	269	85
Year six and prior	325	172
Revolving Lines of Credit	3,207	3,645
Total	4,459	4,483
Commercial and industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	457
Year three	423	2,281
Year four	1,764	813
Year five	813	198
Year six and prior	2,124	2,029
Revolving Lines of Credit	2,392	2,777
Total	7,516	8,555
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	253,184	260,819
Consumer | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	313,669	876,135
Year two	869,552	475,346
Year three	453,895	288,699
Year four	268,297	127,817
Year five	114,815	105,736
Year six and prior	667,699	605,968
Revolving Lines of Credit	0	0
Total	2,687,927	2,479,701
Consumer | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	6,056	26,512
Year two	27,264	19,168
Year three	17,848	18,179
Year four	17,712	51,972
Year five	48,443	17,955
Year six and prior	135,861	127,033
Revolving Lines of Credit	0	0
Total	253,184	260,819
Consumer | Pass | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	313,669	876,135
Year two	869,552	475,134
Year three	453,895	288,699
Year four	267,613	127,756
Year five	114,815	105,385
Year six and prior	665,096	602,331
Revolving Lines of Credit	0	0
Total	2,684,640	2,475,440
Consumer | Pass | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	6,056	26,512
Year two	27,264	19,168
Year three	17,848	18,179
Year four	17,712	51,954
Year five	48,383	17,955
Year six and prior	133,500	123,783
Revolving Lines of Credit	0	0
Total	250,763	257,551
Consumer | Special Mention | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	212
Year three	0	0
Year four	684	61
Year five	0	0
Year six and prior	461	1,313
Revolving Lines of Credit	0	0
Total	1,145	1,586
Consumer | Special Mention | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	0
Year six and prior	175	322
Revolving Lines of Credit	0	0
Total	175	322
Consumer | Substandard | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	351
Year six and prior	2,142	2,324
Revolving Lines of Credit	0	0
Total	2,142	2,675
Consumer | Substandard | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	18
Year five	60	0
Year six and prior	2,186	2,928
Revolving Lines of Credit	0	0
Total	$ 2,246	$ 2,946

Loans Receivable, Net - Allowan

Loans Receivable, Net - Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment and Based on Impairment Method Excluding PCI Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Allowance for credit losses on loans
Balance at beginning of period	$ 48,850	$ 60,735
Credit loss (benefit) expense	1,656	(1,039)
Charge-offs	(143)	(356)
Recoveries	235	636
Balance at end of period	50,598	59,976
Commercial Real Estate – Investor
Allowance for credit losses on loans
Balance at beginning of period	25,504	26,703
Credit loss (benefit) expense	(1,867)	10,149
Charge-offs	0	(34)
Recoveries	0	104
Balance at end of period	23,637	36,922
Commercial real estate – owner occupied
Allowance for credit losses on loans
Balance at beginning of period	5,884	15,054
Credit loss (benefit) expense	(840)	(7,257)
Charge-offs	(4)	0
Recoveries	13	30
Balance at end of period	5,053	7,827
Commercial and industrial
Allowance for credit losses on loans
Balance at beginning of period	5,039	5,390
Credit loss (benefit) expense	(406)	(2,875)
Charge-offs	0	0
Recoveries	16	26
Balance at end of period	4,649	2,541
Residential Real Estate
Allowance for credit losses on loans
Balance at beginning of period	11,155	11,818
Credit loss (benefit) expense	5,028	(335)
Charge-offs	0	(242)
Recoveries	94	39
Balance at end of period	16,277	11,280
Other consumer
Allowance for credit losses on loans
Balance at beginning of period	1,268	1,770
Credit loss (benefit) expense	(259)	(721)
Charge-offs	(139)	(80)
Recoveries	112	437
Balance at end of period	982	1,406
Unallocated
Allowance for credit losses on loans
Balance at beginning of period	0	0
Credit loss (benefit) expense	0	0
Charge-offs	0	0
Recoveries	0	0
Balance at end of period	$ 0	$ 0

Loans Receivable, Net - Additio

Loans Receivable, Net - Additional Information (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans | loan		1
Financing receivable commitments to lend additional funds on non accrual loans		$ 46
Troubled debt restructuring loans	$ 19,600	23,600
Non-accrual loan total troubled debt restructurings	11,900	11,300
Specific reserves to loans accruing troubled debt restructurings	0	0
Financing receivable impaired troubled debt restructuring performing loan amount	7,700	12,300
Commercial Real Estate – Investor
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount	3,600	3,600
Commercial real estate – owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount	9,600	11,900
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount	2,800	277
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount	440	438
Foreclosed property held	$ 106	$ 106

Loans Receivable, Net - Recorde

Loans Receivable, Net - Recorded Investment in Non-Accrual Loans by Loan Portfolio Segment Excluding PCI Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	$ 26,925	$ 25,494
Commercial real estate – investor
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	3,575	3,614
Commercial real estate – owner occupied
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	9,632	11,904
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	2,830	277
Residential real estate
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	7,047	6,114
Other consumer
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	$ 3,841	$ 3,585

Loans Receivable, Net - Aging o

Loans Receivable, Net - Aging of Recorded Investment in Past Due Loans Excluding PCI Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Total loans receivable	$ 9,108,976	$ 8,622,870
Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	25,471	22,728
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	17,235	12,385
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,456	2,161
90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	6,780	8,182
Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	9,083,505	8,600,142
Commercial real estate – investor
Financing Receivable, Past Due [Line Items]
Total loans receivable	4,607,880	4,378,061
Commercial real estate – investor | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	3,846	3,528
Commercial real estate – investor | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	2,109	1,717
Commercial real estate – investor | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	74	102
Commercial real estate – investor | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,663	1,709
Commercial real estate – investor | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	4,604,034	4,374,533
Commercial real estate – owner occupied
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,057,246	1,055,065
Commercial real estate – owner occupied | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	4,856	1,174
Commercial real estate – owner occupied | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	4,465	599
Commercial real estate – owner occupied | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	18	0
Commercial real estate – owner occupied | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	373	575
Commercial real estate – owner occupied | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,052,390	1,053,891
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Total loans receivable	502,739	449,224
Commercial and industrial | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	465	453
Commercial and industrial | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	66	25
Commercial and industrial | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	43	151
Commercial and industrial | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	356	277
Commercial and industrial | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	502,274	448,771
Residential real estate
Financing Receivable, Past Due [Line Items]
Total loans receivable	2,687,927	2,479,701
Residential real estate | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	13,104	13,966
Residential real estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	9,816	9,705
Residential real estate | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,146	1,586
Residential real estate | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	2,142	2,675
Residential real estate | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	2,674,823	2,465,735
Other consumer
Financing Receivable, Past Due [Line Items]
Total loans receivable	253,184	260,819
Other consumer | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	3,200	3,607
Other consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	779	339
Other consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	175	322
Other consumer | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	2,246	2,946
Other consumer | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	$ 249,984	$ 257,212

Loans Receivable, Net - Trouble

Loans Receivable, Net - Troubled Debt Restructurings (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)loan	Mar. 31, 2021USD ($)loan
Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	1
Pre-modification Recorded Investment	$ 65
Post-modification Recorded Investment	$ 65
Other consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	3	2
Pre-modification Recorded Investment	$ 991	$ 26
Post-modification Recorded Investment	$ 1,109	$ 33

Deposits - Summary of Major Typ

Deposits - Summary of Major Types of Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Banking and Thrift, Other Disclosures [Abstract]
Non-interest-bearing	$ 2,444,833	$ 2,412,056
Interest-bearing checking	4,287,745	4,201,736
Money market deposit	811,588	736,090
Savings	1,624,751	1,607,933
Time deposits	887,316	775,001
Total deposits	$ 10,056,233	$ 9,732,816

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Banking and Thrift, Other Disclosures [Abstract]
Time deposits, $250,000 and over	$ 104.6	$ 145.4

Borrowed Funds - Summary of Bor

Borrowed Funds - Summary of Borrowed Funds (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
FHLB advances	$ 75,002	$ 0
Securities sold under agreements to repurchase with customers	117,782	118,769
Other borrowings	194,396	229,141
Total borrowed funds	$ 387,180	$ 347,910

Borrowed Funds - Additional Inf

Borrowed Funds - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
FHLB advances	$ 75,002	$ 0
Maturing September 30, 2026 | Subordinated Debt
Debt Instrument [Line Items]
Net proceeds from issuance of subordinated notes	$ 35,000
Debt instrument, interest rate, stated percentage	4.14%
Maturing September 30, 2026 | Subordinated Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Floating rate percentage	3.92%

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Financial Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	$ 106	$ 106
Items measured on a recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities available-for-sale	546,470	568,255
Equity investments	81,588	90,726
Interest rate derivative asset	45,611	22,787
Interest rate derivative liability	(45,643)	(22,855)
Items measured on a recurring basis | Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities available-for-sale	0	0
Equity investments	12,517	14,608
Interest rate derivative asset	0	0
Interest rate derivative liability	0	0
Items measured on a recurring basis | Level 2 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities available-for-sale	546,470	568,255
Equity investments	69,071	73,400
Interest rate derivative asset	45,611	22,787
Interest rate derivative liability	(45,643)	(22,855)
Items measured on a recurring basis | Level 3 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities available-for-sale	0	0
Equity investments	0	2,718
Interest rate derivative asset	0	0
Interest rate derivative liability	0	0
Items measured on a non-recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	12,300	10,429
Other real estate owned	106	106
Items measured on a non-recurring basis | Loans measured for impairment based on the fair value of the underlying collateral
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans measured for impairment based on the fair value of the underlying collateral	16,477	16,233
Items measured on a non-recurring basis | Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	0	0
Other real estate owned	0	0
Items measured on a non-recurring basis | Level 1 Inputs | Loans measured for impairment based on the fair value of the underlying collateral
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans measured for impairment based on the fair value of the underlying collateral	0	0
Items measured on a non-recurring basis | Level 2 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	0	0
Other real estate owned	0	0
Items measured on a non-recurring basis | Level 2 Inputs | Loans measured for impairment based on the fair value of the underlying collateral
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans measured for impairment based on the fair value of the underlying collateral	0	0
Items measured on a non-recurring basis | Level 3 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	12,300	10,429
Other real estate owned	106	106
Items measured on a non-recurring basis | Level 3 Inputs | Loans measured for impairment based on the fair value of the underlying collateral
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans measured for impairment based on the fair value of the underlying collateral	$ 16,477	$ 16,233

Fair Value Measurements - Debt

Fair Value Measurements - Debt Securities Available for Sale Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Debt Securities, Available For Sale, Fair Value [Roll Forward]
Transfers out of Level 3	$ (2,700)
Transfers out of Level 3	2,700
Items measured on a recurring basis | Level 3 Inputs | Equity Investments
Debt Securities, Available For Sale, Fair Value [Roll Forward]
Beginning balance	2,718	$ 2,540
Total gains included in earnings	0	398
Sales	0	0
Transfers out of Level 3	(2,718)	0
Ending balance	0	2,938
Transfers out of Level 3	$ 2,718	$ 0

Fair Value Measurements - Book

Fair Value Measurements - Book Value and Estimated Fair Value of Bank's Significant Financial Instruments Not Recorded at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financial Assets:
Debt securities held-to-maturity	$ 1,050,892	$ 1,152,744
Restricted equity investments	56,704	53,195
Financial Liabilities:
Time deposits	887,316	775,001
Securities sold under agreements to repurchase with customers	117,782	118,769
Book Value
Financial Assets:
Cash and due from banks	210,919	204,949
Debt securities held-to-maturity	1,099,514	1,139,193
Restricted equity investments	56,704	53,195
Loans receivable, net and loans held-for-sale	9,065,679	8,583,352
Financial Liabilities:
Deposits other than time deposits	9,168,917	8,957,815
Time deposits	887,316	775,001
FHLB advances and other borrowings	269,398	229,141
Securities sold under agreements to repurchase with customers	117,782	118,769
Level 1 Inputs
Financial Assets:
Cash and due from banks	210,919	204,949
Debt securities held-to-maturity	0	0
Restricted equity investments	0	0
Loans receivable, net and loans held-for-sale	0	0
Financial Liabilities:
Deposits other than time deposits	0	0
Time deposits	0	0
FHLB advances and other borrowings	0	0
Securities sold under agreements to repurchase with customers	117,782	118,769
Level 2 Inputs
Financial Assets:
Cash and due from banks	0	0
Debt securities held-to-maturity	1,038,041	1,138,529
Restricted equity investments	0	0
Loans receivable, net and loans held-for-sale	0	0
Financial Liabilities:
Deposits other than time deposits	9,168,917	8,957,815
Time deposits	872,733	773,766
FHLB advances and other borrowings	290,103	251,491
Securities sold under agreements to repurchase with customers	0	0
Level 3 Inputs
Financial Assets:
Cash and due from banks	0	0
Debt securities held-to-maturity	12,851	14,215
Restricted equity investments	56,704	53,195
Loans receivable, net and loans held-for-sale	8,798,688	8,533,506
Financial Liabilities:
Deposits other than time deposits	0	0
Time deposits	0	0
FHLB advances and other borrowings	0	0
Securities sold under agreements to repurchase with customers	$ 0	$ 0

Derivatives, Hedging Activiti_3

Derivatives, Hedging Activities and Other Financial Instruments - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Derivative [Line Items]
Collateral already posted, fair value	$ 257		$ 19,800
Other liabilities
Derivative [Line Items]
Credit risk derivative liability, fair value	45,643		22,855
Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative, notional amount	1,100,000		$ 938,700
Interest Rate Swap
Derivative [Line Items]
Income (expense) in fair value adjustments	$ 37	$ 64

Derivatives, Hedging Activiti_4

Derivatives, Hedging Activities and Other Financial Instruments - Notional and Fair Value of Derivatives Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Other assets
Derivative [Line Items]
Credit risk derivative asset, fair value	$ 45,611	$ 22,787
Other liabilities
Derivative [Line Items]
Credit risk derivative liability, fair value	$ 45,643	$ 22,855

Leases - Additional Information

Leases - Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2022USD ($)branchrenewal_termlocationlease	Mar. 31, 2021USD ($)	Dec. 31, 2021branch	Jun. 30, 2021branch
Lessee, Lease, Description [Line Items]
Number of finance leases | lease	1
Number of option to renew | renewal_term	1
Number of store branches sold | branch	2
Number of branch locations | branch	10		9	4
Number of deposit gathering locations consolidated | location	1
Accelerated lease expense	$ 62	$ 980
Other operating expense	3,563	3,353
Branch Consolidation Expenses
Lessee, Lease, Description [Line Items]
Other operating expense	$ 340	$ 31

Leases - Schedule of Right-of-U

Leases - Schedule of Right-of-Use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets
Operating lease ROU assets	$ 14,249	$ 17,442
Finance lease ROU asset	1,446	1,495
Total lease ROU assets	$ 15,695	$ 18,937
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets	Other assets
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Premises and equipment, net	Premises and equipment, net
Lease Liabilities
Operating lease liabilities	$ 14,720	$ 17,982
Finance lease liability	1,854	1,904
Total lease liabilities	$ 16,574	$ 19,886
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Finance Lease, Liability, Statement of Financial Position [Extensible List]	Other borrowings	Other borrowings
Future rent and estimated lease termination liability excluded from operating lease liability	$ 8,600	$ 8,200

Leases - Schedule of Weighted A

Leases - Schedule of Weighted Average Remaining Lease Term and Discount Rate (Details)	Mar. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease, weighted average remaining lease term (years)	7 years 10 months 9 days	8 years 2 months 19 days
Finance lease, weighted average remaining lease term (years)	7 years 4 months 6 days	7 years 7 months 2 days
Operating lease, weighted average discount rate (percent)	2.84%	2.97%
Finance lease, weighted average discount rate (percent)	5.63%	5.63%

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Costs and Other Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Lease Expense
Operating lease expense	$ 1,258	$ 1,490
Finance lease expense:
Amortization of ROU assets	50	50
Interest on lease liabilities	26	29
Total	1,334	1,569
Operating cash flows from operating leases	1,162	1,450
Operating cash flows from finance leases	26	29
Financing cash flows from finance leases	$ 51	$ 48

Leases - Future Minimum Payment

Leases - Future Minimum Payments for Operating and Financing Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Finance Lease
2023	$ 307
2024	307
2025	307
2026	307
2027	307
Thereafter	721
Total	2,256
Less: Imputed interest	(402)
Total lease liabilities	1,854	$ 1,904
Operating Leases
2023	3,366
2024	2,579
2025	2,448
2026	1,879
2027	1,224
Thereafter	5,283
Total	16,779
Less: Imputed interest	(2,059)
Total lease liabilities	$ 14,720	$ 17,982

Subsequent Event (Details)

Subsequent Event (Details) - USD ($) $ in Thousands	Apr. 01, 2022	Mar. 31, 2022	Dec. 31, 2021
Subsequent Event [Line Items]
Goodwill		$ 500,319	$ 500,319
Subsequent Event | Trident Abstract Title Agency, LLC
Subsequent Event [Line Items]
Business acquisition, percentage of voting interests acquired	60.00%
Total transaction value	$ 7,100
Goodwill	$ 5,700