OceanFirst Financial (OCFC) 10-Q 4 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Aug. 01, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 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		59,130,236
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
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	Jun. 30, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 189,019	$ 204,949
Debt securities available-for-sale, at estimated fair value	507,276	568,255
Debt securities held-to-maturity, net of allowance for securities credit losses of $1,293 at June 30, 2022 and $1,467 at December 31, 2021 (estimated fair value of $987,532 at June 30, 2022 and $1,152,744 at December 31, 2021)	1,068,034	1,139,193
Equity investments	75,269	101,155
Restricted equity investments, at cost	76,047	53,195
Loans receivable, net of allowance for loan credit losses of $52,061 at June 30, 2022 and $48,850 at December 31, 2021	9,380,688	8,583,352
Interest and dividends receivable	34,184	32,606
Other real estate owned	0	106
Premises and equipment, net	128,118	125,828
Bank owned life insurance	260,230	259,207
Assets held for sale	4,263	6,229
Goodwill	506,146	500,319
Core deposit intangible	15,827	18,215
Other assets	193,552	147,007
Total assets	12,438,653	11,739,616
Liabilities and Stockholders’ Equity
Deposits	9,831,484	9,732,816
Federal Home Loan Bank (“FHLB”) advances	488,750	0
Securities sold under agreements to repurchase with customers	105,495	118,769
Other borrowings	194,654	229,141
Advances by borrowers for taxes and insurance	23,640	20,305
Other liabilities	273,198	122,032
Total liabilities	10,917,221	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 June 30, 2022 and December 31, 2021	1	1
Common stock, $0.01 par value, 150,000,000 shares authorized, 61,863,794 and 61,535,381 shares issued at June 30, 2022 and December 31, 2021, respectively; and 59,130,236 and 59,175,046 shares outstanding at June 30, 2022 and December 31, 2021, respectively	612	611
Additional paid-in capital	1,151,363	1,146,781
Retained earnings	474,114	442,306
Accumulated other comprehensive loss	(29,093)	(2,821)
Less: Unallocated common stock held by Employee Stock Ownership Plan ("ESOP")	(7,403)	(8,615)
Treasury stock, 2,733,558 and 2,360,335 shares at June 30, 2022 and December 31, 2021, respectively	(69,106)	(61,710)
OceanFirst Financial Corp. stockholders’ equity	1,520,488	1,516,553
Non-controlling interest	944	0
Total stockholders’ equity	1,521,432	1,516,553
Total liabilities and stockholders’ equity	$ 12,438,653	$ 11,739,616

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for Credit Losses	$ 1,293,000	$ 1,467,000
Securities held-to-maturity, fair value	987,532,000	1,152,744,000
Allowance for loan credit losses	$ 52,061,000	$ 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)	61,863,794	61,535,381
Common stock, shares outstanding (in shares)	59,130,236	59,175,046
Treasury stock, shares (in shares)	2,733,558	2,360,335

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest income:
Loans	$ 90,731	$ 77,048	$ 173,199	$ 154,956
Debt securities	7,473	5,984	14,977	11,339
Equity investments and other	1,212	309	2,223	1,920
Total interest income	99,416	83,341	190,399	168,215
Interest expense:
Deposits	4,317	6,325	8,358	14,821
Borrowed funds	4,302	3,000	7,017	5,774
Total interest expense	8,619	9,325	15,375	20,595
Net interest income	90,797	74,016	175,024	147,620
Credit loss expense (benefit)	1,254	(6,460)	3,105	(7,080)
Net interest income after credit loss expense (benefit)	89,543	80,476	171,919	154,700
Other income:
Bankcard services revenue	3,310	3,591	6,273	6,643
Net gain on sales of loans	3	1,279	180	3,195
Net (loss) gain on equity investments	(8,078)	576	(10,864)	8,863
Net gain (loss) from other real estate operations	50	(1)	48	(9)
Income from bank owned life insurance	1,422	1,716	3,525	3,131
Commercial loan swap income	2,294	73	5,075	1,184
Other	236	169	183	895
Total other income	7,541	11,803	16,393	32,638
Operating expenses:
Compensation and employee benefits	33,153	29,912	63,848	58,278
Occupancy	4,758	5,314	10,502	10,375
Equipment	1,336	1,306	2,706	2,884
Marketing	971	625	1,587	1,059
Federal deposit insurance and regulatory assessments	1,788	1,099	3,678	2,963
Data processing	6,170	4,402	11,906	8,433
Check card processing	1,515	1,303	2,497	2,675
Professional fees	2,472	2,391	5,794	5,228
Amortization of core deposit intangible	1,178	1,361	2,388	2,756
Branch consolidation expense, net	546	26	948	1,037
Merger related expenses	196	446	2,161	827
Other operating expense	4,578	3,485	8,141	6,838
Total operating expenses	58,661	51,670	116,156	103,353
Income before provision for income taxes	38,423	40,609	72,156	83,985
Provision for income taxes	8,940	10,054	16,914	20,733
Net income	29,483	30,555	55,242	63,252
Net income attributable to non-controlling interest	522	0	522	0
Net income attributable to OceanFirst Financial Corp.	28,961	30,555	54,720	63,252
Dividends on preferred shares	1,004	1,004	2,008	2,008
Net income available to common stockholders	$ 27,957	$ 29,551	$ 52,712	$ 61,244
Basic earnings per share (in dollars per share)	$ 0.48	$ 0.49	$ 0.90	$ 1.02
Diluted earnings per share (in dollars per share)	$ 0.47	$ 0.49	$ 0.89	$ 1.02
Average basic shares outstanding (in shares)	58,894	59,701	58,823	59,776
Average diluted shares outstanding (in shares)	58,995	59,966	58,975	60,040
Trust and asset management revenue
Other income:
Other income	$ 658	$ 591	$ 1,267	$ 1,190
Fees and service charges
Other income:
Other income	$ 7,646	$ 3,809	$ 10,706	$ 7,546

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 29,483	$ 30,555	$ 55,242	$ 63,252
Other comprehensive loss:
Net unrealized loss on debt securities (net of tax benefit of $4,460 and $8,388 in 2022 and tax benefit of $102 and $214 in 2021, respectively)	(13,996)	(387)	(26,368)	(803)
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $61 and $126 in 2022 and tax expense of $70 and $143 in 2021)	89	101	178	208
Reclassification adjustment for gains included in net income (net of tax benefit of $5 and $26 in 2022)	(16)	0	(82)	0
Total other comprehensive loss, net of tax	(13,923)	(286)	(26,272)	(595)
Total comprehensive income	15,560	30,269	28,970	62,657
Less: comprehensive income attributable to non-controlling interest	522	0	522	0
Comprehensive income attributable to OceanFirst Financial Corp.	15,038	30,269	28,448	62,657
Less: Dividends on preferred shares	1,004	1,004	2,008	2,008
Comprehensive income available to common stockholders	$ 14,034	$ 29,265	$ 26,440	$ 60,649

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Unrealized holding gain (loss), before adjustment, tax benefit	$ 4,460	$ 102	$ 8,388	$ 214
Accretion of unrealized loss on debt securities, tax expense	61	$ 70	126	$ 143
Reclassification adjustment from AOCI for sale of securities, tax expense (benefit)	$ 5		$ 26

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	Non-Controlling Interest
Beginning Balance at Dec. 31, 2020	$ 1,484,130	$ (7,433)	$ 1	$ 609	$ 1,137,715	$ 378,268	$ 621	$ (25,651)	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	63,252					63,252
Other comprehensive income (loss), net of tax	(595)						(595)
Stock compensation	2,726				2,726
Allocation of ESOP stock	720	609			111
Cash dividend	(20,325)					(20,325)
Exercise of stock options	1,828			2	3,355	(1,529)
Repurchased shares of common stock	(20,939)							(20,939)
Preferred stock dividend	(2,008)					(2,008)
Ending Balance at Jun. 30, 2021	$ 1,508,789	(6,824)	1	611	1,143,907	417,658	26	(46,590)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Purchase of common stock (in shares)	1,000,000
Beginning Balance at Mar. 31, 2021	$ 1,498,719	(7,129)	1	610	1,142,290	398,280	312	(35,645)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	30,555					30,555
Other comprehensive income (loss), net of tax	(286)						(286)
Stock compensation	1,489				1,489
Allocation of ESOP stock	368	305			63
Cash dividend	(10,173)					(10,173)
Exercise of stock options	66			1	65
Repurchased shares of common stock	(10,945)							(10,945)
Preferred stock dividend	(1,004)					(1,004)
Ending Balance at Jun. 30, 2021	$ 1,508,789	(6,824)	1	611	1,143,907	417,658	26	(46,590)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Purchase of common stock (in shares)	500,000
Beginning Balance at Dec. 31, 2021	$ 1,516,553	(8,615)	1	611	1,146,781	442,306	(2,821)	(61,710)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	55,242					54,720			522
Other comprehensive income (loss), net of tax	(26,272)						(26,272)
Stock compensation	3,400				3,400
Allocation of ESOP stock	1,247	1,212			35
Cash dividend	(20,015)					(20,015)
Exercise of stock options	251			1	1,147	(897)
Repurchased shares of common stock	(7,396)							(7,396)
Preferred stock dividend	(2,008)					(2,008)
Acquisition of Trident Abstract Title Agency, LLC (“Trident”)	836								836
Distributions to non-controlling interest	(406)					8			(414)
Ending Balance at Jun. 30, 2022	$ 1,521,432	(7,403)	1	612	1,151,363	474,114	(29,093)	(69,106)	944
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Purchase of common stock (in shares)	373,223
Beginning Balance at Mar. 31, 2022	$ 1,519,334	(8,009)	1	612	1,149,503	456,251	(15,170)	(63,854)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	29,483					28,961			522
Other comprehensive income (loss), net of tax	(13,923)						(13,923)
Stock compensation	1,848				1,848
Allocation of ESOP stock	576	606			(30)
Cash dividend	(10,022)					(10,022)
Exercise of stock options	(38)				42	(80)
Repurchased shares of common stock	(5,252)							(5,252)
Preferred stock dividend	(1,004)					(1,004)
Acquisition of Trident Abstract Title Agency, LLC (“Trident”)	836								836
Distributions to non-controlling interest	(406)					8			(414)
Ending Balance at Jun. 30, 2022	$ 1,521,432	$ (7,403)	$ 1	$ 612	$ 1,151,363	$ 474,114	$ (29,093)	$ (69,106)	$ 944
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Purchase of common stock (in shares)	272,779

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividend per share (in dollars per share)	$ 0.17	$ 0.17	$ 0.34	$ 0.34
Purchase of common stock (in shares)	272,779	500,000	373,223	1,000,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income	$ 55,242	$ 63,252
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment	5,627	4,066
Allocation of ESOP stock	1,247	720
Stock compensation	3,400	2,726
Net excess tax expense on stock compensation	217	93
Amortization of servicing asset	12	50
Net premium amortization in excess of discount accretion on securities	3,714	2,923
Net amortization of deferred costs on borrowings	276	489
Amortization of core deposit intangible	2,388	2,756
Net accretion of purchase accounting adjustments	(5,384)	(6,800)
Net amortization of deferred costs and discounts on loans	414	70
Provision (benefit) for credit losses	3,105	(7,080)
Net gain on sale of other real estate owned	(54)	0
Net write down of fixed assets held-for-sale to net realizable value	1,403	552
Net gain on sale of fixed assets	(63)	(1)
Net loss (gain) on equity securities	10,864	(8,863)
Net gain on sales of loans	(180)	(3,195)
Proceeds from sales of residential loans held for sale	727	100,251
Mortgage loans originated for sale	(703)	(53,025)
Increase in value of bank owned life insurance	(3,525)	(3,131)
Net gain on sale of assets held for sale	(1,394)	(318)
(Increase) decrease in interest and dividends receivable	(1,578)	7,255
Deferred tax benefit	(47)	(95)
(Increase) decrease in other assets	(55,494)	35,683
Increase in other liabilities	106,082	424
Total adjustments	71,054	75,550
Net cash provided by operating activities	126,296	138,802
Cash flows from investing activities:
Net increase in loans receivable	(646,428)	(57,435)
Proceeds from sale of loans	12,167	825
Purchase of residential loan pool	(161,701)	0
Premiums paid on purchased loan pool	(495)	0
Purchase of debt securities available-for-sale	(63,568)	(117,421)
Purchase of debt securities held-to-maturity	(25,204)	(335,071)
Purchase of equity investments	(3,298)	(72,414)
Proceeds from maturities and calls of debt securities available-for-sale	63,750	60,850
Proceeds from maturities and calls of debt securities held-to-maturity	17,700	12,470
Proceeds from sales of debt securities available-for-sale	25,257	0
Proceeds from sale of equity investments	17,734	98,776
Principal repayments on debt securities available-for-sale	0	85
Principal repayments on debt securities held-to-maturity	77,510	111,917
Proceeds from bank owned life insurance	2,502	8,776
Proceeds from the redemption of restricted equity investments	109,543	826
Purchases of restricted equity investments	(132,395)	(1,287)
Proceeds from sale of other real estate owned	160	0
Proceeds from sales of assets held-for-sale	6,100	2,601
Purchases of premises and equipment	(11,745)	(15,250)
Net cash consideration received for acquisition	38,609	0
Net cash used in investing activities	(673,802)	(301,752)
Cash flows from financing activities:
Increase (decrease) in deposits	99,068	(11,452)
(Decrease) increase in short-term borrowings	(13,274)	13,021
Net proceeds from FHLB advances	488,750	0
Repayments of other borrowings	(35,052)	(7,557)
Increase in advances by borrowers for taxes and insurance	3,335	3,985
Exercise of stock options	251	1,828
Payment of employee taxes withheld from stock awards	(1,472)	(1,175)
Purchase of treasury stock	(7,396)	(20,939)
Dividends paid	(22,023)	(22,333)
Distributions to non-controlling interest	(406)	0
Net cash provided by (used in) financing activities	511,781	(44,622)
Net decrease in cash and due from banks and restricted cash	(35,725)	(207,572)
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	189,019	1,084,029
Restricted cash at end of period	40	27,060
Cash and due from banks and restricted cash at end of period	189,059	1,111,089
Cash paid during the period for:
Interest	15,059	20,943
Income taxes	3,633	25,699
Non-cash activities:
Accretion of unrealized loss on securities reclassified to held-to-maturity	304	351
Net loan recoveries	(83)	(56)
Transfer of loans receivable to loans held-for-sale	12,011	0
Transfer of premises and equipment to assets held-for-sale	2,776	533
Non-cash assets acquired:
Other current assets	238	0
Premises and equipment	18	0
Right of use (“ROU”) asset	779	0
Other assets	81	0
Total non-cash assets acquired	1,116	0
Liabilities assumed:
Lease liability	779	0
Other liabilities	43,937	0
Total liabilities assumed	$ 44,716	$ 0

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 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”), its wholly-owned subsidiaries, OceanFirst Bank N.A. (the “Bank”) and OceanFirst Risk Management, Inc., the Bank’s direct and indirect wholly-owned subsidiaries, OceanFirst REIT Holdings, Inc., OceanFirst Management Corp., OceanFirst Realty Corp., Casaba Real Estate Holdings Corporation, and Country Property Holdings, Inc; and a majority controlling interest in Trident Abstract Title Agency, LLC. Certain other subsidiaries were dissolved in 2022 and are included in the consolidated financial statements for previous periods. 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 and six months ended June 30, 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 periods presented. 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.

Business Combinations

Business Combinations	6 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Business Combinations	Business Combinations Trident Acquisition On April 1, 2022, the Company completed its acquisition of a majority controlling interest of 60% in 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. Total consideration paid was $7.1 million and goodwill from the transaction amounted to $5.8 million. The acquisition was accounted for under the acquisition method of accounting. Under this method of accounting, the purchase price has been allocated to the respective assets acquired and liabilities assumed based upon their estimated fair values. The excess of consideration paid over the estimated fair value of the net assets acquired, excluding the net assets attributable to the non-controlling interest, has been recorded as goodwill. The Company consolidated Trident’s assets, liabilities and components of comprehensive income within its consolidated results. Thus, the consolidated results include amounts attributable to the Company and the non-controlling interest. Amounts attributable to the non-controlling interest are presented separately as a single line on the Consolidated Statements of Income (net income attributable to non-controlling interest) and the Consolidated Statements of Financial Condition (non-controlling interest in stockholders’ equity). Amounts attributed to the non-controlling interest are based upon the ownership interest in Trident that the Company does not own. For further discussion on the accounting for this arrangement refer to Note 11 Variable Interest Entity, to this Form 10-Q. The following table summarizes the estimated fair values of the assets acquired and the liabilities assumed by the Company at the date of the acquisition for Trident, net of total consideration paid (in thousands): At April 1, 2022 Estimated Total purchase price: $ 7,084 Assets acquired: Cash and cash equivalents $ 45,693 Other current assets 238 Premises and equipment 18 ROU asset 779 Other assets 81 Total assets acquired 46,809 Liabilities assumed: Lease liability 779 Other liabilities 43,937 Total liabilities assumed 44,716 Net assets acquired $ 2,093 Net assets attributable to non-controlling interest $ 836 Goodwill recorded $ 5,827 The calculation of goodwill is subject to change for up to one year after the date of acquisition as additional information relative to the closing date estimates and uncertainties become available. As the Company finalizes its review of the acquired assets and liabilities, certain adjustments to the recorded carrying values may be required.

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2022 and 2021 (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Weighted average shares outstanding 59,300 60,133 59,302 60,216 Less: Unallocated ESOP shares (393) (369) (408) (378) Unallocated incentive award shares (13) (63) (71) (62) Average basic shares outstanding 58,894 59,701 58,823 59,776 Add: Effect of dilutive securities: Incentive awards 101 265 152 264 Average diluted shares outstanding 58,995 59,966 58,975 60,040 For the three and six months ended June 30, 2022, antidilutive stock options of 1,577,000 and 1,573,000, respectively, were excluded from the earnings per share calculation. For the three and six months ended June 30, 2021, antidilutive stock options of 1,589,000 and 1,666,000, respectively, were excluded from the earnings per share calculation.

Securities

Securities	6 Months Ended
	Jun. 30, 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 June 30, 2022 and December 31, 2021 are as follows (in thousands): Amortized Gross Gross Estimated Allowance for Credit Losses At June 30, 2022 Debt securities available-for-sale: U.S. government and agency obligations $ 131,394 $ 1 $ (5,591) $ 125,804 $ — Corporate debt securities 5,000 — (410) 4,590 — Asset-backed securities 296,232 — (17,251) 278,981 — Agency commercial mortgage-backed securities (“MBS”) 111,135 — (13,234) 97,901 — Total debt securities available-for-sale $ 543,761 $ 1 $ (36,486) $ 507,276 $ — Debt securities held-to-maturity: State, municipal and sovereign debt obligations $ 268,473 $ 109 $ (21,443) $ 247,139 $ (291) Corporate debt securities 62,212 555 (3,247) 59,520 (972) Mortgage-backed securities: Agency residential 701,478 218 (58,953) 642,743 — Agency commercial 7,741 36 (35) 7,742 — Non-agency commercial 32,007 — (1,619) 30,388 (30) Total mortgage-backed securities 741,226 254 (60,607) 680,873 (30) Total debt securities held-to-maturity $ 1,071,911 $ 918 $ (85,297) $ 987,532 $ (1,293) Total debt securities $ 1,615,672 $ 919 $ (121,783) $ 1,494,808 $ (1,293) 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 June 30, 2022 or December 31, 2021. The unrealized losses across security classes were due to interest rate movements. In addition, the asset-backed securities, which are largely comprised of collateralized-loan obligations, and the corporate debt securities were also impacted by credit spread widening across the fixed income markets. All of these securities are rated investment grade. The following table presents the activity in the allowance for credit losses for debt securities held-to-maturity for the three and six months ended June 30, 2022 and 2021 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Allowance for securities credit losses Beginning balance $ (1,380) $ (1,717) $ (1,467) $ (1,715) Credit loss benefit 87 108 174 106 Total ending allowance balance $ (1,293) $ (1,609) $ (1,293) $ (1,609) 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. Where multiple ratings are available, the Company considers the lowest rating when determining the allowance for securities credit losses. Under this approach, the amortized cost of debt securities held-to-maturity at June 30, 2022, aggregated by credit quality indicator, are as follows (in thousands): Investment Grade Non-Investment Grade/Non-rated Total As of June 30, 2022 State, municipal and sovereign debt obligations $ 266,455 $ 2,018 $ 268,473 Corporate debt securities 46,340 15,872 62,212 Non-agency commercial MBS 32,007 — 32,007 Total debt securities held-to-maturity $ 344,802 $ 17,890 $ 362,692 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 June 30, 2022 and December 31, 2021 is as follows (in thousands): June 30, December 31, 2022 2021 Amortized cost $ 1,071,911 $ 1,143,548 Net loss on date of transfer from available-for-sale (13,556) (13,556) Allowance for securities credit losses (1,293) (1,467) Accretion of net unrealized loss on securities reclassified as held-to-maturity 10,972 10,668 Carrying value $ 1,068,034 $ 1,139,193 There were $21,000 and $108,000 of realized losses on debt securities for the three and six months ended June 30, 2022. There were no realized gains or losses on debt securities for the three and six months ended June 30, 2021. The amortized cost and estimated fair value of debt securities at June 30, 2022 by contractual maturity are shown below (in thousands). June 30, 2022 Amortized Estimated Less than one year $ 81,436 $ 81,117 Due after one year through five years 165,148 156,828 Due after five years through ten years 221,620 206,328 Due after ten years 295,107 271,762 $ 763,311 $ 716,035 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 June 30, 2022, corporate debt securities, state and municipal obligations, and asset-backed securities with an amortized cost of $61.1 million, $87.2 million, and $296.2 million, respectively, and an estimated fair value of $58.0 million, $83.4 million, and $279.0 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 $941.9 million and $1.14 billion at June 30, 2022 and December 31, 2021, respectively, which includes $110.6 million and $142.9 million at June 30, 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 June 30, 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 June 30, 2022 Debt securities available-for-sale: U.S. government and agency obligations $ 120,061 $ (5,543) $ 5,742 $ (48) $ 125,803 $ (5,591) Corporate debt securities 4,590 (410) — — 4,590 (410) Asset-backed securities 256,738 (15,945) 22,243 (1,306) 278,981 (17,251) Agency commercial MBS 97,901 (13,234) — — 97,901 (13,234) Total debt securities available-for-sale 479,290 (35,132) 27,985 (1,354) 507,275 (36,486) Debt securities held-to-maturity: State, municipal and sovereign debt obligations 201,586 (19,834) 15,084 (1,609) 216,670 (21,443) Corporate debt securities 6,904 (224) 35,308 (3,023) 42,212 (3,247) MBS: Agency residential 453,637 (38,586) 158,125 (20,367) 611,762 (58,953) Agency commercial 2,283 (35) 2,283 (35) Non-agency commercial 30,388 (1,619) — — 30,388 (1,619) Total MBS 484,025 (40,205) 160,408 (20,402) 644,433 (60,607) Total debt securities held-to-maturity 692,515 (60,263) 210,800 (25,034) 903,315 (85,297) Total debt securities $ 1,171,805 $ (95,395) $ 238,785 $ (26,388) $ 1,410,590 $ (121,783) 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) MBS: 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 MBS 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 June 30, 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 credit and 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. Equity Investments At June 30, 2022 and December 31, 2021, the Company held equity investments of $75.3 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 and six months ended June 30, 2022 and 2021 are shown in the table below (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net (loss) gain on equity investments $ (8,078) $ 576 $ (10,864) $ 8,863 Less: Net (losses) gains recognized on equity securities sold (231) — 1,351 8,123 Unrealized (loss) gain recognized on equity securities still held $ (7,847) $ 576 $ (12,215) $ 740

Loans Receivable, Net

Loans Receivable, Net	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Loans Receivable, Net	Loans Receivable, Net Loans receivable, net at June 30, 2022 and December 31, 2021 consisted of the following (in thousands): June 30, December 31, 2022 2021 Commercial: Commercial real estate – investor $ 4,808,965 $ 4,378,061 Commercial real estate – owner occupied 1,020,873 1,055,065 Commercial and industrial (1) 584,464 449,224 Total commercial 6,414,302 5,882,350 Consumer: Residential real estate 2,758,269 2,479,701 Home equity loans and lines and other consumer (“other consumer”) 252,314 260,819 Total consumer 3,010,583 2,740,520 Total loans receivable 9,424,885 8,622,870 Deferred origination costs, net of fees 7,864 9,332 Allowance for loan credit losses (52,061) (48,850) Total loans receivable, net $ 9,380,688 $ 8,583,352 (1) The commercial and industrial loans balance at June 30, 2022 and December 31, 2021 includes Paycheck Protection Program loans of $6.5 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. The Company evaluates risk ratings on an ongoing basis. 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. 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. 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 June 30, 2022 Commercial real estate - investor Pass $ 736,901 $ 1,361,548 $ 591,183 $ 511,811 $ 221,225 $ 993,374 $ 296,251 $ 4,712,293 Special Mention — — 195 19,413 9,349 14,228 2,187 45,372 Substandard — — — 22,432 2 27,271 1,595 51,300 Total commercial real estate - investor 736,901 1,361,548 591,378 553,656 230,576 1,034,873 300,033 4,808,965 Commercial real estate - owner occupied Pass 55,822 119,096 68,901 128,781 88,826 499,529 9,703 970,658 Special Mention — — — — 3,226 5,611 — 8,837 Substandard — — — 4,577 5,366 31,435 — 41,378 Total commercial real estate - owner occupied 55,822 119,096 68,901 133,358 97,418 536,575 9,703 1,020,873 Commercial and industrial Pass 40,999 30,167 16,758 17,695 12,796 51,537 404,641 574,593 Special Mention — — — 167 247 274 2,947 3,635 Substandard — — 133 1,676 666 1,866 1,895 6,236 Total commercial and industrial 40,999 30,167 16,891 19,538 13,709 53,677 409,483 584,464 Residential real estate (1) Pass 459,564 865,089 440,402 257,136 108,117 622,819 — 2,753,127 Special Mention — — — 1,482 — 1,208 — 2,690 Substandard — — — 505 288 1,659 — 2,452 Total residential real estate 459,564 865,089 440,402 259,123 108,405 625,686 — 2,758,269 Other consumer (1) Pass 20,361 26,050 17,043 16,790 44,473 125,391 — 250,108 Special Mention — — — 71 — 207 — 278 Substandard — — — — 18 1,910 — 1,928 Total other consumer 20,361 26,050 17,043 16,861 44,491 127,508 — 252,314 Total loans $ 1,313,647 $ 2,401,950 $ 1,134,615 $ 982,536 $ 494,599 $ 2,378,319 $ 719,219 $ 9,424,885 (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 and six months ended June 30, 2022 and 2021 is as follows (in thousands): Commercial Commercial Commercial Residential Other Consumer Total For the three months ended June 30, 2022 Allowance for credit losses on loans Balance at beginning of period $ 23,637 $ 5,053 $ 4,649 $ 16,277 $ 982 $ 50,598 Credit loss (benefit) expense (1,080) (116) 572 1,966 130 1,472 Charge-offs — (14) — (56) (217) (287) Recoveries 51 98 19 9 101 278 Balance at end of period $ 22,608 $ 5,021 $ 5,240 $ 18,196 $ 996 $ 52,061 For the three months ended June 30, 2021 Allowance for credit losses on loans Balance at beginning of period $ 36,922 $ 7,827 $ 2,541 $ 11,280 $ 1,406 $ 59,976 Credit loss (benefit) expense (3,583) (1,483) 1,871 (2,462) (219) (5,876) Charge-offs (311) — (33) — (76) (420) Recoveries 9 6 25 — 156 196 Balance at end of period $ 33,037 $ 6,350 $ 4,404 $ 8,818 $ 1,267 $ 53,876 For the six months ended June 30, 2022 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 (2,947) (956) 166 6,994 (129) 3,128 Charge-offs — (18) — (56) (356) (430) Recoveries 51 111 35 103 213 513 Balance at end of period $ 22,608 $ 5,021 $ 5,240 $ 18,196 $ 996 $ 52,061 For the six months ended June 30, 2021 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) 6,566 (8,740) (1,004) (2,797) (940) (6,915) Charge-offs (345) — (33) (242) (156) (776) Recoveries 113 36 51 39 593 832 Balance at end of period $ 33,037 $ 6,350 $ 4,404 $ 8,818 $ 1,267 $ 53,876 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 June 30, 2022 and December 31, 2021, the Company had collateral dependent loans with an amortized cost balance as follows: commercial real estate - investor of $2.6 million and $3.6 million, respectively, commercial real estate - owner occupied of $2.2 million and $11.9 million, respectively, and commercial and industrial of $364,000 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 $261,000 and $438,000 at June 30, 2022 and December 31, 2021, respectively. At June 30, 2022 and December 31, 2021, the amount of foreclosed residential real estate property held by the Company was $0 and $106,000, respectively. The following table presents the recorded investment in non-accrual loans, by loan portfolio segment as of June 30, 2022 and December 31, 2021 (in thousands): June 30, December 31, 2022 2021 Commercial real estate – investor $ 2,609 $ 3,614 Commercial real estate – owner occupied 8,233 11,904 Commercial and industrial 364 277 Residential real estate 5,846 6,114 Other consumer 3,701 3,585 $ 20,753 $ 25,494 At June 30, 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 June 30, 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 June 30, 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 June 30, 2022 Commercial real estate – investor $ 1,667 $ 978 $ 1,582 $ 4,227 $ 4,804,738 $ 4,808,965 Commercial real estate – owner occupied 181 1,883 85 2,149 1,018,724 1,020,873 Commercial and industrial 1,112 138 — 1,250 583,214 584,464 Residential real estate — 2,690 2,452 5,142 2,753,127 2,758,269 Other consumer 631 278 1,928 2,837 249,477 252,314 $ 3,591 $ 5,967 $ 6,047 $ 15,605 $ 9,409,280 $ 9,424,885 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 June 30, 2022 and December 31, 2021, TDR loans totaled $17.4 million and $23.6 million, respectively. At June 30, 2022 and December 31, 2021, there were $10.5 million and $11.3 million, respectively, of TDR loans included in the non-accrual loan totals. At June 30, 2022 the Company had a $744,000 specific reserve allocated to a loan that was classified as a TDR loan. At 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 $6.9 million and $12.3 million at June 30, 2022 and December 31, 2021, respectively. The following table presents information about TDR loans which occurred during the three and six months ended June 30, 2022 and 2021 (dollars in thousands): Number of Loans Pre-modification Post-modification Three months ended June 30, 2022 Troubled debt restructurings: None None None Three months ended June 30, 2021 Troubled debt restructurings: Commercial real estate – investor 1 $ 4,903 $ 4,903 Residential real estate 3 244 336 Six months ended June 30, 2022 Troubled debt restructurings: Commercial and industrial 1 $ 65 $ 65 Other consumer 3 991 1,109 Six months ended June 30, 2021 Troubled debt restructurings: Commercial real estate – investor 1 $ 4,903 $ 4,903 Residential real estate 3 244 336 Other consumer 2 26 33 There were no TDR loans that defaulted during the three and six months ended June 30, 2022, which were modified within the preceding year. There was one TDR commercial real estate - investor loan for $923,000 that defaulted during the three and six months ended June 30, 2021, which was modified within the preceding year and the loan was subsequently paid in full as of June 30, 2022.

Deposits

Deposits	6 Months Ended
	Jun. 30, 2022
Banking and Thrift, Other Disclosure [Abstract]
Deposits	Deposits The major types of deposits at June 30, 2022 and December 31, 2021 were as follows (in thousands): Type of Account June 30, December 31, 2022 2021 Non-interest-bearing $ 2,312,126 $ 2,412,056 Interest-bearing checking 3,696,067 4,201,736 Money market deposit 716,782 736,090 Savings 1,606,534 1,607,933 Time deposits 1,499,975 775,001 Total deposits $ 9,831,484 $ 9,732,816 Included in time deposits at June 30, 2022 and December 31, 2021 was $90.3 million and $145.4 million, respectively, in deposits of $250,000 or more. Time deposits also include brokered deposits of $887.6 million and $25.0 million at June 30, 2022 and December 31, 2021, respectively.

Borrowed Funds

Borrowed Funds	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Borrowed Funds	Borrowed Funds Borrowed funds at June 30, 2022 and December 31, 2021 were as follows (in thousands): June 30, December 31, 2022 2021 FHLB advances $ 488,750 $ — Securities sold under agreements to repurchase with customers 105,495 118,769 Other borrowings 194,654 229,141 Total borrowed funds $ 788,899 $ 347,910 At June 30, 2022, there was $488.8 million outstanding in overnight borrowings from the FHLB, as compared to $0 at December 31, 2021. There were no FHLB term advances at June 30, 2022 and December 31, 2021. In March 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	6 Months Ended
	Jun. 30, 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 June 30, 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 June 30, 2022 Items measured on a recurring basis: Debt securities available-for-sale $ 507,276 $ — $ 507,276 $ — Equity investments 61,963 763 61,200 — Interest rate derivative asset 74,082 — 74,082 — Interest rate derivative liability (74,113) — (74,113) — Items measured on a non-recurring basis: Equity investments 13,306 — 13,306 Loans measured for impairment based on the fair value of the underlying collateral (1) 5,426 — — 5,426 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 (1) 16,233 — — 16,233 (1) Primarily consists of commercial loans, which are collateral dependent. The amounts are based on independent appraisals, which may be adjusted by management for qualitative factors, such as economic factors and estimated liquidation expenses. The range may vary but is generally 0% to 8% on the discount for costs to sell and 0% to 10% on appraisal adjustments. The following table reconciles, for the three and six months ended June 30, 2022 and 2021, the beginning and ending balances for equity investments 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 June 30, For the Six Months Ended June 30, 2022 2021 2022 2021 Beginning balance $ — $ 7,938 $ 2,718 $ 2,540 Total gains included in earnings — 40 — 438 Purchases — 40 — 5,040 Transfers out of Level 3 — — (2,718) — Ending balance $ — $ 8,018 $ — $ 8,018 The Company recognizes transfers between levels of the valuation hierarchy at the end of the applicable reporting periods. There were no transfers into or out of Level 3 for the three months ended June 30, 2022. During the six months ended June 30, 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 and six months ended June 30, 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 June 30, 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 June 30, 2022 Financial Assets: Cash and due from banks $ 189,019 $ 189,019 $ — $ — Debt securities held-to-maturity 1,068,034 — 975,027 12,505 Restricted equity investments 76,047 — — 76,047 Loans receivable, net and loans held-for-sale 9,380,688 — — 9,013,653 Financial Liabilities: Deposits other than time deposits 8,331,509 — 8,331,509 — Time deposits 1,499,975 — 1,472,791 — FHLB advances and other borrowings 683,404 — 697,444 — Securities sold under agreements to repurchase with customers 105,495 105,495 — — 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	6 Months Ended
	Jun. 30, 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 its 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. The Company recognized a gain of $0 and $37,000 in commercial loan swap income resulting from the fair value adjustment for the three and six months ended June 30, 2022, respectively, as compared to a loss of $23,000 and a gain of $41,000 for the three and six months ended June 30, 2021, respectively. The notional amount of derivatives not designated as hedging instruments was $1.24 billion and $938.7 million at June 30, 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 June 30, December 31, 2022 2021 Other assets $ 74,082 $ 22,787 Other liabilities 74,113 22,855 Credit Risk-Related Contingent Features

Leases

Leases	6 Months Ended
	Jun. 30, 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 assets and lease liabilities on the consolidated statements of financial condition (in thousands): June 30, December 31, 2022 2021 Lease ROU Assets Classification Operating lease ROU assets Other assets $ 20,467 $ 17,442 Finance lease ROU asset Premises and equipment, net 1,396 1,495 Total lease ROU assets $ 21,863 $ 18,937 Lease Liabilities Operating lease liabilities (1) Other liabilities $ 21,218 $ 17,982 Finance lease liability Other borrowings 1,802 1,904 Total lease liabilities $ 23,020 $ 19,886 (1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $8.5 million and $8.2 million as of June 30, 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. June 30, December 31, 2022 2021 Weighted-Average Remaining Lease Term Operating leases 7.17 years 8.22 years Finance lease 7.10 years 7.59 years Weighted-Average Discount Rate Operating leases 2.83 % 2.97 % Finance lease 5.63 5.63 The following table represents lease expenses and other lease information (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Lease Expense Operating lease expense $ 1,440 $ 1,471 $ 2,698 $ 2,961 Finance lease expense: Amortization of ROU assets 50 49 99 99 Interest on lease liabilities (1) 26 28 52 57 Total $ 1,516 $ 1,548 $ 2,849 $ 3,117 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,249 $ 1,347 $ 2,411 $ 2,797 Operating cash flows from finance leases 26 28 52 57 Financing cash flows from finance leases 51 48 102 96 (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 the finance lease and operating leases with initial or remaining terms of one year or more as of June 30, 2022 were as follows (in thousands): Finance Lease Operating Leases For the Twelve Months Ending June 30, 2023 $ 307 $ 4,174 2024 307 3,828 2025 307 3,936 2026 307 3,226 2027 307 2,492 Thereafter 645 6,168 Total 2,180 23,824 Less: Imputed interest (378) (2,606) Total lease liabilities $ 1,802 $ 21,218
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 assets and lease liabilities on the consolidated statements of financial condition (in thousands): June 30, December 31, 2022 2021 Lease ROU Assets Classification Operating lease ROU assets Other assets $ 20,467 $ 17,442 Finance lease ROU asset Premises and equipment, net 1,396 1,495 Total lease ROU assets $ 21,863 $ 18,937 Lease Liabilities Operating lease liabilities (1) Other liabilities $ 21,218 $ 17,982 Finance lease liability Other borrowings 1,802 1,904 Total lease liabilities $ 23,020 $ 19,886 (1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $8.5 million and $8.2 million as of June 30, 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. June 30, December 31, 2022 2021 Weighted-Average Remaining Lease Term Operating leases 7.17 years 8.22 years Finance lease 7.10 years 7.59 years Weighted-Average Discount Rate Operating leases 2.83 % 2.97 % Finance lease 5.63 5.63 The following table represents lease expenses and other lease information (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Lease Expense Operating lease expense $ 1,440 $ 1,471 $ 2,698 $ 2,961 Finance lease expense: Amortization of ROU assets 50 49 99 99 Interest on lease liabilities (1) 26 28 52 57 Total $ 1,516 $ 1,548 $ 2,849 $ 3,117 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,249 $ 1,347 $ 2,411 $ 2,797 Operating cash flows from finance leases 26 28 52 57 Financing cash flows from finance leases 51 48 102 96 (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 the finance lease and operating leases with initial or remaining terms of one year or more as of June 30, 2022 were as follows (in thousands): Finance Lease Operating Leases For the Twelve Months Ending June 30, 2023 $ 307 $ 4,174 2024 307 3,828 2025 307 3,936 2026 307 3,226 2027 307 2,492 Thereafter 645 6,168 Total 2,180 23,824 Less: Imputed interest (378) (2,606) Total lease liabilities $ 1,802 $ 21,218

Variable Interest Entity

Variable Interest Entity	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entity	Variable Interest Entity On April 1, 2022, the Company acquired a 60% ownership in Trident, and held a variable interest in the entity. Trident meets the definition of a variable interest entity (“VIE”) under ASC 810, Consolidation, for which the Company is considered the primary beneficiary (i.e. the party that has a controlling financial interest). In accordance with ASC 810, Consolidation, the Company has consolidated Trident’s assets and liabilities. For further discussion on the acquisition of Trident refer to Note 2 Business Combinations, to this Form 10-Q. The summarized financial information for the Company’s consolidated VIE consisted of the following (in thousands): As of June 30, 2022 Cash and cash equivalents $ 45,795 Other assets 1,139 Total assets 46,934 Other liabilities 44,566 Net assets $ 2,368

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation	The consolidated financial statements include the accounts of OceanFirst Financial Corp. (the “Company”), its wholly-owned subsidiaries, OceanFirst Bank N.A. (the “Bank”) and OceanFirst Risk Management, Inc., the Bank’s direct and indirect wholly-owned subsidiaries, OceanFirst REIT Holdings, Inc., OceanFirst Management Corp., OceanFirst Realty Corp., Casaba Real Estate Holdings Corporation, and Country Property Holdings, Inc; and a majority controlling interest in Trident Abstract Title Agency, LLC. Certain other subsidiaries were dissolved in 2022 and are included in the consolidated financial statements for previous periods. All significant intercompany accounts and transactions have been eliminated in consolidation.

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Estimated Fair Value of the Assets Acquired and the Liabilities Assumed as Date of Acquisition	The following table summarizes the estimated fair values of the assets acquired and the liabilities assumed by the Company at the date of the acquisition for Trident, net of total consideration paid (in thousands): At April 1, 2022 Estimated Total purchase price: $ 7,084 Assets acquired: Cash and cash equivalents $ 45,693 Other current assets 238 Premises and equipment 18 ROU asset 779 Other assets 81 Total assets acquired 46,809 Liabilities assumed: Lease liability 779 Other liabilities 43,937 Total liabilities assumed 44,716 Net assets acquired $ 2,093 Net assets attributable to non-controlling interest $ 836 Goodwill recorded $ 5,827

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2022 and 2021 (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Weighted average shares outstanding 59,300 60,133 59,302 60,216 Less: Unallocated ESOP shares (393) (369) (408) (378) Unallocated incentive award shares (13) (63) (71) (62) Average basic shares outstanding 58,894 59,701 58,823 59,776 Add: Effect of dilutive securities: Incentive awards 101 265 152 264 Average diluted shares outstanding 58,995 59,966 58,975 60,040

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2022 and December 31, 2021 are as follows (in thousands): Amortized Gross Gross Estimated Allowance for Credit Losses At June 30, 2022 Debt securities available-for-sale: U.S. government and agency obligations $ 131,394 $ 1 $ (5,591) $ 125,804 $ — Corporate debt securities 5,000 — (410) 4,590 — Asset-backed securities 296,232 — (17,251) 278,981 — Agency commercial mortgage-backed securities (“MBS”) 111,135 — (13,234) 97,901 — Total debt securities available-for-sale $ 543,761 $ 1 $ (36,486) $ 507,276 $ — Debt securities held-to-maturity: State, municipal and sovereign debt obligations $ 268,473 $ 109 $ (21,443) $ 247,139 $ (291) Corporate debt securities 62,212 555 (3,247) 59,520 (972) Mortgage-backed securities: Agency residential 701,478 218 (58,953) 642,743 — Agency commercial 7,741 36 (35) 7,742 — Non-agency commercial 32,007 — (1,619) 30,388 (30) Total mortgage-backed securities 741,226 254 (60,607) 680,873 (30) Total debt securities held-to-maturity $ 1,071,911 $ 918 $ (85,297) $ 987,532 $ (1,293) Total debt securities $ 1,615,672 $ 919 $ (121,783) $ 1,494,808 $ (1,293) 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 and six months ended June 30, 2022 and 2021 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Allowance for securities credit losses Beginning balance $ (1,380) $ (1,717) $ (1,467) $ (1,715) Credit loss benefit 87 108 174 106 Total ending allowance balance $ (1,293) $ (1,609) $ (1,293) $ (1,609)
Schedule of Debt Securities, Held-to-maturity, Credit Quality Indicator	Under this approach, the amortized cost of debt securities held-to-maturity at June 30, 2022, aggregated by credit quality indicator, are as follows (in thousands): Investment Grade Non-Investment Grade/Non-rated Total As of June 30, 2022 State, municipal and sovereign debt obligations $ 266,455 $ 2,018 $ 268,473 Corporate debt securities 46,340 15,872 62,212 Non-agency commercial MBS 32,007 — 32,007 Total debt securities held-to-maturity $ 344,802 $ 17,890 $ 362,692
Carrying Value of Held-to-Maturity Investment Securities	The carrying value of the debt securities held-to-maturity at June 30, 2022 and December 31, 2021 is as follows (in thousands): June 30, December 31, 2022 2021 Amortized cost $ 1,071,911 $ 1,143,548 Net loss on date of transfer from available-for-sale (13,556) (13,556) Allowance for securities credit losses (1,293) (1,467) Accretion of net unrealized loss on securities reclassified as held-to-maturity 10,972 10,668 Carrying value $ 1,068,034 $ 1,139,193 The realized and unrealized gains or losses on equity securities for the three and six months ended June 30, 2022 and 2021 are shown in the table below (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net (loss) gain on equity investments $ (8,078) $ 576 $ (10,864) $ 8,863 Less: Net (losses) gains recognized on equity securities sold (231) — 1,351 8,123 Unrealized (loss) gain recognized on equity securities still held $ (7,847) $ 576 $ (12,215) $ 740
Amortized Cost and Estimated Fair Value of Investment Securities by Contractual Maturity	The amortized cost and estimated fair value of debt securities at June 30, 2022 by contractual maturity are shown below (in thousands). June 30, 2022 Amortized Estimated Less than one year $ 81,436 $ 81,117 Due after one year through five years 165,148 156,828 Due after five years through ten years 221,620 206,328 Due after ten years 295,107 271,762 $ 763,311 $ 716,035
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 June 30, 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 June 30, 2022 Debt securities available-for-sale: U.S. government and agency obligations $ 120,061 $ (5,543) $ 5,742 $ (48) $ 125,803 $ (5,591) Corporate debt securities 4,590 (410) — — 4,590 (410) Asset-backed securities 256,738 (15,945) 22,243 (1,306) 278,981 (17,251) Agency commercial MBS 97,901 (13,234) — — 97,901 (13,234) Total debt securities available-for-sale 479,290 (35,132) 27,985 (1,354) 507,275 (36,486) Debt securities held-to-maturity: State, municipal and sovereign debt obligations 201,586 (19,834) 15,084 (1,609) 216,670 (21,443) Corporate debt securities 6,904 (224) 35,308 (3,023) 42,212 (3,247) MBS: Agency residential 453,637 (38,586) 158,125 (20,367) 611,762 (58,953) Agency commercial 2,283 (35) 2,283 (35) Non-agency commercial 30,388 (1,619) — — 30,388 (1,619) Total MBS 484,025 (40,205) 160,408 (20,402) 644,433 (60,607) Total debt securities held-to-maturity 692,515 (60,263) 210,800 (25,034) 903,315 (85,297) Total debt securities $ 1,171,805 $ (95,395) $ 238,785 $ (26,388) $ 1,410,590 $ (121,783) 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) MBS: 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 MBS 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)

Loans Receivable, Net (Tables)

Loans Receivable, Net (Tables)	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Summary of Loans Receivable	Loans receivable, net at June 30, 2022 and December 31, 2021 consisted of the following (in thousands): June 30, December 31, 2022 2021 Commercial: Commercial real estate – investor $ 4,808,965 $ 4,378,061 Commercial real estate – owner occupied 1,020,873 1,055,065 Commercial and industrial (1) 584,464 449,224 Total commercial 6,414,302 5,882,350 Consumer: Residential real estate 2,758,269 2,479,701 Home equity loans and lines and other consumer (“other consumer”) 252,314 260,819 Total consumer 3,010,583 2,740,520 Total loans receivable 9,424,885 8,622,870 Deferred origination costs, net of fees 7,864 9,332 Allowance for loan credit losses (52,061) (48,850) Total loans receivable, net $ 9,380,688 $ 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 June 30, 2022 Commercial real estate - investor Pass $ 736,901 $ 1,361,548 $ 591,183 $ 511,811 $ 221,225 $ 993,374 $ 296,251 $ 4,712,293 Special Mention — — 195 19,413 9,349 14,228 2,187 45,372 Substandard — — — 22,432 2 27,271 1,595 51,300 Total commercial real estate - investor 736,901 1,361,548 591,378 553,656 230,576 1,034,873 300,033 4,808,965 Commercial real estate - owner occupied Pass 55,822 119,096 68,901 128,781 88,826 499,529 9,703 970,658 Special Mention — — — — 3,226 5,611 — 8,837 Substandard — — — 4,577 5,366 31,435 — 41,378 Total commercial real estate - owner occupied 55,822 119,096 68,901 133,358 97,418 536,575 9,703 1,020,873 Commercial and industrial Pass 40,999 30,167 16,758 17,695 12,796 51,537 404,641 574,593 Special Mention — — — 167 247 274 2,947 3,635 Substandard — — 133 1,676 666 1,866 1,895 6,236 Total commercial and industrial 40,999 30,167 16,891 19,538 13,709 53,677 409,483 584,464 Residential real estate (1) Pass 459,564 865,089 440,402 257,136 108,117 622,819 — 2,753,127 Special Mention — — — 1,482 — 1,208 — 2,690 Substandard — — — 505 288 1,659 — 2,452 Total residential real estate 459,564 865,089 440,402 259,123 108,405 625,686 — 2,758,269 Other consumer (1) Pass 20,361 26,050 17,043 16,790 44,473 125,391 — 250,108 Special Mention — — — 71 — 207 — 278 Substandard — — — — 18 1,910 — 1,928 Total other consumer 20,361 26,050 17,043 16,861 44,491 127,508 — 252,314 Total loans $ 1,313,647 $ 2,401,950 $ 1,134,615 $ 982,536 $ 494,599 $ 2,378,319 $ 719,219 $ 9,424,885 (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 and six months ended June 30, 2022 and 2021 is as follows (in thousands): Commercial Commercial Commercial Residential Other Consumer Total For the three months ended June 30, 2022 Allowance for credit losses on loans Balance at beginning of period $ 23,637 $ 5,053 $ 4,649 $ 16,277 $ 982 $ 50,598 Credit loss (benefit) expense (1,080) (116) 572 1,966 130 1,472 Charge-offs — (14) — (56) (217) (287) Recoveries 51 98 19 9 101 278 Balance at end of period $ 22,608 $ 5,021 $ 5,240 $ 18,196 $ 996 $ 52,061 For the three months ended June 30, 2021 Allowance for credit losses on loans Balance at beginning of period $ 36,922 $ 7,827 $ 2,541 $ 11,280 $ 1,406 $ 59,976 Credit loss (benefit) expense (3,583) (1,483) 1,871 (2,462) (219) (5,876) Charge-offs (311) — (33) — (76) (420) Recoveries 9 6 25 — 156 196 Balance at end of period $ 33,037 $ 6,350 $ 4,404 $ 8,818 $ 1,267 $ 53,876 For the six months ended June 30, 2022 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 (2,947) (956) 166 6,994 (129) 3,128 Charge-offs — (18) — (56) (356) (430) Recoveries 51 111 35 103 213 513 Balance at end of period $ 22,608 $ 5,021 $ 5,240 $ 18,196 $ 996 $ 52,061 For the six months ended June 30, 2021 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) 6,566 (8,740) (1,004) (2,797) (940) (6,915) Charge-offs (345) — (33) (242) (156) (776) Recoveries 113 36 51 39 593 832 Balance at end of period $ 33,037 $ 6,350 $ 4,404 $ 8,818 $ 1,267 $ 53,876
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 June 30, 2022 and December 31, 2021 (in thousands): June 30, December 31, 2022 2021 Commercial real estate – investor $ 2,609 $ 3,614 Commercial real estate – owner occupied 8,233 11,904 Commercial and industrial 364 277 Residential real estate 5,846 6,114 Other consumer 3,701 3,585 $ 20,753 $ 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 June 30, 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 June 30, 2022 Commercial real estate – investor $ 1,667 $ 978 $ 1,582 $ 4,227 $ 4,804,738 $ 4,808,965 Commercial real estate – owner occupied 181 1,883 85 2,149 1,018,724 1,020,873 Commercial and industrial 1,112 138 — 1,250 583,214 584,464 Residential real estate — 2,690 2,452 5,142 2,753,127 2,758,269 Other consumer 631 278 1,928 2,837 249,477 252,314 $ 3,591 $ 5,967 $ 6,047 $ 15,605 $ 9,409,280 $ 9,424,885 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 and six months ended June 30, 2022 and 2021 (dollars in thousands): Number of Loans Pre-modification Post-modification Three months ended June 30, 2022 Troubled debt restructurings: None None None Three months ended June 30, 2021 Troubled debt restructurings: Commercial real estate – investor 1 $ 4,903 $ 4,903 Residential real estate 3 244 336 Six months ended June 30, 2022 Troubled debt restructurings: Commercial and industrial 1 $ 65 $ 65 Other consumer 3 991 1,109 Six months ended June 30, 2021 Troubled debt restructurings: Commercial real estate – investor 1 $ 4,903 $ 4,903 Residential real estate 3 244 336 Other consumer 2 26 33

Deposits (Tables)

Deposits (Tables)	6 Months Ended
	Jun. 30, 2022
Banking and Thrift, Other Disclosure [Abstract]
Summary of Major Types of Deposits	The major types of deposits at June 30, 2022 and December 31, 2021 were as follows (in thousands): Type of Account June 30, December 31, 2022 2021 Non-interest-bearing $ 2,312,126 $ 2,412,056 Interest-bearing checking 3,696,067 4,201,736 Money market deposit 716,782 736,090 Savings 1,606,534 1,607,933 Time deposits 1,499,975 775,001 Total deposits $ 9,831,484 $ 9,732,816

Borrowed Funds (Tables)

Borrowed Funds (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Summary Of Borrowed Funds	Borrowed funds at June 30, 2022 and December 31, 2021 were as follows (in thousands): June 30, December 31, 2022 2021 FHLB advances $ 488,750 $ — Securities sold under agreements to repurchase with customers 105,495 118,769 Other borrowings 194,654 229,141 Total borrowed funds $ 788,899 $ 347,910

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 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 June 30, 2022 Items measured on a recurring basis: Debt securities available-for-sale $ 507,276 $ — $ 507,276 $ — Equity investments 61,963 763 61,200 — Interest rate derivative asset 74,082 — 74,082 — Interest rate derivative liability (74,113) — (74,113) — Items measured on a non-recurring basis: Equity investments 13,306 — 13,306 Loans measured for impairment based on the fair value of the underlying collateral (1) 5,426 — — 5,426 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 (1) 16,233 — — 16,233
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following table reconciles, for the three and six months ended June 30, 2022 and 2021, the beginning and ending balances for equity investments 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 June 30, For the Six Months Ended June 30, 2022 2021 2022 2021 Beginning balance $ — $ 7,938 $ 2,718 $ 2,540 Total gains included in earnings — 40 — 438 Purchases — 40 — 5,040 Transfers out of Level 3 — — (2,718) — Ending balance $ — $ 8,018 $ — $ 8,018
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 June 30, 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 June 30, 2022 Financial Assets: Cash and due from banks $ 189,019 $ 189,019 $ — $ — Debt securities held-to-maturity 1,068,034 — 975,027 12,505 Restricted equity investments 76,047 — — 76,047 Loans receivable, net and loans held-for-sale 9,380,688 — — 9,013,653 Financial Liabilities: Deposits other than time deposits 8,331,509 — 8,331,509 — Time deposits 1,499,975 — 1,472,791 — FHLB advances and other borrowings 683,404 — 697,444 — Securities sold under agreements to repurchase with customers 105,495 105,495 — — 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)	6 Months Ended
	Jun. 30, 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 June 30, December 31, 2022 2021 Other assets $ 74,082 $ 22,787 Other liabilities 74,113 22,855

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 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 assets and lease liabilities on the consolidated statements of financial condition (in thousands): June 30, December 31, 2022 2021 Lease ROU Assets Classification Operating lease ROU assets Other assets $ 20,467 $ 17,442 Finance lease ROU asset Premises and equipment, net 1,396 1,495 Total lease ROU assets $ 21,863 $ 18,937 Lease Liabilities Operating lease liabilities (1) Other liabilities $ 21,218 $ 17,982 Finance lease liability Other borrowings 1,802 1,904 Total lease liabilities $ 23,020 $ 19,886 (1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $8.5 million and $8.2 million as of June 30, 2022 and December 31, 2021, respectively.
Schedule of Weighted Average Remaining Lease Term and Discount Rate	June 30, December 31, 2022 2021 Weighted-Average Remaining Lease Term Operating leases 7.17 years 8.22 years Finance lease 7.10 years 7.59 years Weighted-Average Discount Rate Operating leases 2.83 % 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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 Lease Expense Operating lease expense $ 1,440 $ 1,471 $ 2,698 $ 2,961 Finance lease expense: Amortization of ROU assets 50 49 99 99 Interest on lease liabilities (1) 26 28 52 57 Total $ 1,516 $ 1,548 $ 2,849 $ 3,117 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,249 $ 1,347 $ 2,411 $ 2,797 Operating cash flows from finance leases 26 28 52 57 Financing cash flows from finance leases 51 48 102 96 (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 June 30, 2022 were as follows (in thousands): Finance Lease Operating Leases For the Twelve Months Ending June 30, 2023 $ 307 $ 4,174 2024 307 3,828 2025 307 3,936 2026 307 3,226 2027 307 2,492 Thereafter 645 6,168 Total 2,180 23,824 Less: Imputed interest (378) (2,606) Total lease liabilities $ 1,802 $ 21,218
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 June 30, 2022 were as follows (in thousands): Finance Lease Operating Leases For the Twelve Months Ending June 30, 2023 $ 307 $ 4,174 2024 307 3,828 2025 307 3,936 2026 307 3,226 2027 307 2,492 Thereafter 645 6,168 Total 2,180 23,824 Less: Imputed interest (378) (2,606) Total lease liabilities $ 1,802 $ 21,218

Variable Interest Entity (Table

Variable Interest Entity (Tables)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Financial Information of Variable Interest Entities	The summarized financial information for the Company’s consolidated VIE consisted of the following (in thousands): As of June 30, 2022 Cash and cash equivalents $ 45,795 Other assets 1,139 Total assets 46,934 Other liabilities 44,566 Net assets $ 2,368

Business Combinations - Additio

Business Combinations - Additional Information (Details) - USD ($) $ in Thousands	Apr. 01, 2022	Jun. 30, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill		$ 506,146	$ 500,319
Trident Abstract Title Agency, LLC
Business Acquisition [Line Items]
Business acquisition, percentage of voting interests acquired	60%
Consideration paid	$ 7,084
Goodwill	$ 5,827

Business Combinations - Summary

Business Combinations - Summary of Assets Acquired and Liabilities Assumed and Their Initial Fair Value Estimates (Details) - USD ($) $ in Thousands	Apr. 01, 2022	Jun. 30, 2022	Dec. 31, 2021
Liabilities assumed:
Goodwill recorded		$ 506,146	$ 500,319
Trident Abstract Title Agency, LLC
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Total purchase price:	$ 7,084
Assets acquired:
Cash and cash equivalents	45,693
Other current assets	238
Premises and equipment	18
ROU asset	779
Other assets	81
Total assets acquired	46,809
Liabilities assumed:
Lease liability	779
Other liabilities	43,937
Total liabilities assumed	44,716
Net assets acquired	2,093
Net assets attributable to non-controlling interest	836
Goodwill recorded	$ 5,827

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Weighted average shares outstanding (in shares)	59,300	60,133	59,302	60,216
Less: Unallocated ESOP shares (in shares)	(393)	(369)	(408)	(378)
Unallocated incentive award shares (in shares)	(13)	(63)	(71)	(62)
Average basic shares outstanding (in shares)	58,894	59,701	58,823	59,776
Add: Effect of dilutive securities:
Incentive awards (in shares)	101	265	152	264
Average diluted shares outstanding (in shares)	58,995	59,966	58,975	60,040

Earnings per Share - Additional

Earnings per Share - Additional Information (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Antidilutive stock options excluded from earnings per share calculations (in shares)	1,577	1,589	1,573	1,666

Securities - Amortized Cost and

Securities - Amortized Cost and Estimated Fair Value of Securities Available-for-Sale and Held-to-Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Securities Financing Transaction [Line Items]
Available-for-sale, amortized cost	$ 543,761		$ 569,874
Available-for-sale, gross unrealized gains	1		1,275
Available-for-sale, gross unrealized losses	(36,486)		(2,894)
Available-for-sale, fair value	507,276		568,255
Allowance for Credit Losses	0		0
Amortized Cost	1,071,911		1,143,548
Held-to-maturity, gross unrealized gains	918		18,967
Held-to-maturity, gross unrealized losses	(85,297)		(9,771)
Debt securities held-to-maturity	987,532		1,152,744
Allowance for Credit Losses	(1,293)	$ (1,380)	(1,467)	$ (1,609)	$ (1,717)	$ (1,715)
Total, amortized cost	1,615,672		1,713,422
Total, gross unrealized gains	919		20,242
Total, gross unrealized losses	(121,783)		(12,665)
Total, estimated fair value	1,494,808		1,720,999
U.S. government and agency obligations
Securities Financing Transaction [Line Items]
Available-for-sale, amortized cost	131,394		164,756
Available-for-sale, gross unrealized gains	1		1,135
Available-for-sale, gross unrealized losses	(5,591)		(471)
Available-for-sale, fair value	125,804		165,420
Allowance for Credit Losses	0		0
Corporate debt 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	(410)		(11)
Available-for-sale, fair value	4,590		5,031
Allowance for Credit Losses	0		0
Amortized Cost	62,212		68,823
Held-to-maturity, gross unrealized gains	555		1,628
Held-to-maturity, gross unrealized losses	(3,247)		(1,279)
Debt securities held-to-maturity	59,520		69,172
Allowance for Credit Losses	(972)		(1,343)
Asset-backed securities
Securities Financing Transaction [Line Items]
Available-for-sale, amortized cost	296,232		298,976
Available-for-sale, gross unrealized gains	0		41
Available-for-sale, gross unrealized losses	(17,251)		(1,489)
Available-for-sale, fair value	278,981		297,528
Allowance for Credit Losses	0		0
Agency commercial
Securities Financing Transaction [Line Items]
Available-for-sale, amortized cost	111,135		101,142
Available-for-sale, gross unrealized gains	0		57
Available-for-sale, gross unrealized losses	(13,234)		(923)
Available-for-sale, fair value	97,901		100,276
Allowance for Credit Losses	0		0
Amortized Cost	7,741		4,385
Held-to-maturity, gross unrealized gains	36		7
Held-to-maturity, gross unrealized losses	(35)		(44)
Debt securities held-to-maturity	7,742		4,348
Allowance for Credit Losses	0		0
State, municipal and sovereign debt obligations
Securities Financing Transaction [Line Items]
Amortized Cost	268,473		281,389
Held-to-maturity, gross unrealized gains	109		10,185
Held-to-maturity, gross unrealized losses	(21,443)		(1,164)
Debt securities held-to-maturity	247,139		290,410
Allowance for Credit Losses	(291)		(85)
Agency residential
Securities Financing Transaction [Line Items]
Amortized Cost	701,478		756,844
Held-to-maturity, gross unrealized gains	218		6,785
Held-to-maturity, gross unrealized losses	(58,953)		(7,180)
Debt securities held-to-maturity	642,743		756,449
Allowance for Credit Losses	0		0
Non-agency commercial
Securities Financing Transaction [Line Items]
Amortized Cost	32,007		32,107
Held-to-maturity, gross unrealized gains	0		362
Held-to-maturity, gross unrealized losses	(1,619)		(104)
Debt securities held-to-maturity	30,388		32,365
Allowance for Credit Losses	(30)		(39)
Total mortgage-backed securities
Securities Financing Transaction [Line Items]
Amortized Cost	741,226		793,336
Held-to-maturity, gross unrealized gains	254		7,154
Held-to-maturity, gross unrealized losses	(60,607)		(7,328)
Debt securities held-to-maturity	680,873		793,162
Allowance for Credit Losses	$ (30)		$ (39)

Securities - Allowance for Cred

Securities - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Allowance for securities credit losses
Beginning balance	$ (1,380)	$ (1,717)	$ (1,467)	$ (1,715)
Credit loss benefit	87	108	174	106
Total ending allowance balance	$ (1,293)	$ (1,609)	$ (1,293)	$ (1,609)

Securities - Credit Quality Ind

Securities - Credit Quality Indicator (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Investment and Mortgage-Backed Securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	$ 362,692
Investment Grade | Investment and Mortgage-Backed Securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	344,802
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	17,890
State, municipal and sovereign debt obligations | Investment securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	268,473
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	266,455
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	2,018
Corporate debt securities | Investment securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	62,212
Corporate debt securities | Investment Grade | Investment securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	46,340
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	15,872
Non-agency commercial MBS | Non-agency commercial
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	32,007
Non-agency commercial MBS | Investment Grade | Non-agency commercial
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	32,007
Non-agency commercial MBS | 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 - Additional Informa

Securities - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 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)	$ (21,000)	$ 0	$ (108,000)	$ 0
Debt securities, held to maturity	1,068,034,000		1,068,034,000		1,139,193,000
Equity investments	75,269,000		75,269,000		101,155,000
Securities Sold under Agreements to Repurchase
Debt Securities, Available-for-sale [Line Items]
Debt securities, held to maturity	110,600,000		110,600,000		142,900,000
Federal Home Loan Bank Advances, Federal Reserve Discount Window And Other Borrowings
Debt Securities, Available-for-sale [Line Items]
Debt securities, held to maturity	941,900,000		941,900,000		$ 1,140,000,000
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Debt securities, amoritized cost	61,100,000		61,100,000
Debt securities, fair value	58,000,000		58,000,000
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Debt securities, amoritized cost	296,200,000		296,200,000
Debt securities, fair value	279,000,000		279,000,000
State, municipal and sovereign debt obligations
Debt Securities, Available-for-sale [Line Items]
Debt securities, amoritized cost	87,200,000		87,200,000
Debt securities, fair value	$ 83,400,000		$ 83,400,000

Securities - Carrying Value of

Securities - Carrying Value of Held-to-Maturity Investment Securities (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Amortized cost	$ 1,071,911	$ 1,143,548
Net loss on date of transfer from available-for-sale	(13,556)	(13,556)
Allowance for securities credit losses	(1,293)	(1,467)	$ (1,380)	$ (1,609)	$ (1,717)	$ (1,715)
Accretion of net unrealized loss on securities reclassified as held-to-maturity	10,972	10,668
Carrying value	$ 1,068,034	$ 1,139,193

Securities - Amortized Cost a_2

Securities - Amortized Cost and Estimated Fair Value of Investment Securities by Contractual Maturity (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Amortized Cost
Less than one year	$ 81,436
Due after one year through five years	165,148
Due after five years through ten years	221,620
Due after ten years	295,107
Total amortized cost	763,311
Estimated Fair Value
Less than one year	81,117
Due after one year through five years	156,828
Due after five years through ten years	206,328
Due after ten years	271,762
Total estimated fair value	$ 716,035

Securities - Estimated Fair Val

Securities - Estimated Fair Value and Unrealized Loss for Securities Available-for-Sale and Held-to-Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 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	$ 479,290	$ 444,596
Available-for-sale, Less than 12 months, Unrealized Losses	(35,132)	(2,894)
Available-for-sale, 12 months or Longer, Estimated Fair Value	27,985	0
Available-for-sale, 12 months or longer, Unrealized Losses	(1,354)	0
Available-for-sale, Total, Estimated Fair Value	507,275	444,596
Available-for-sale, Total, Unrealized Losses	(36,486)	(2,894)
Held-to-maturity, Less than 12 months, Estimated Fair Value	692,515	572,009
Held-to-maturity, Less than 12 months, Unrealized Losses	(60,263)	(8,309)
Held-to-maturity, 12 months or longer, Estimated Fair Value	210,800	55,402
Held-to-maturity, 12 months or longer, Unrealized Losses	(25,034)	(1,462)
Held-to-maturity, Total, Estimated Fair Value	903,315	627,411
Held-to-maturity, total, unrealized losses	(85,297)	(9,771)
Total securities, Less than 12 months, Estimated Fair Value	1,171,805	1,016,605
Total securities, Less than 12 months, Unrealized Losses	(95,395)	(11,203)
Total securities, 12 months or longer, Estimated Fair Value	238,785	55,402
Total securities, 12 months or longer, Unrealized Losses	(26,388)	(1,462)
Total securities, Estimated Fair Value	1,410,590	1,072,007
Total securities, Unrealized Losses	(121,783)	(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	120,061	82,395
Available-for-sale, Less than 12 months, Unrealized Losses	(5,543)	(471)
Available-for-sale, 12 months or Longer, Estimated Fair Value	5,742	0
Available-for-sale, 12 months or longer, Unrealized Losses	(48)	0
Available-for-sale, Total, Estimated Fair Value	125,803	82,395
Available-for-sale, Total, Unrealized Losses	(5,591)	(471)
Corporate debt securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, total, unrealized losses	(3,247)	(1,279)
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	4,590	1,989
Available-for-sale, Less than 12 months, Unrealized Losses	(410)	(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	4,590	1,989
Available-for-sale, Total, Unrealized Losses	(410)	(11)
Held-to-maturity, Less than 12 months, Estimated Fair Value	6,904	38,304
Held-to-maturity, Less than 12 months, Unrealized Losses	(224)	(1,279)
Held-to-maturity, 12 months or longer, Estimated Fair Value	35,308	0
Held-to-maturity, 12 months or longer, Unrealized Losses	(3,023)	0
Held-to-maturity, Total, Estimated Fair Value	42,212	38,304
Held-to-maturity, total, unrealized losses	(3,247)	(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	(15,945)
Available-for-sale, 12 months or Longer, Estimated Fair Value	22,243
Available-for-sale, 12 months or longer, Unrealized Losses	(1,306)
Available-for-sale, Total, Estimated Fair Value	278,981
Available-for-sale, Total, Unrealized Losses	(17,251)
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	256,738	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	484,025	458,376
Held-to-maturity, Less than 12 months, Unrealized Losses	(40,205)	(5,967)
Held-to-maturity, 12 months or longer, Estimated Fair Value	160,408	51,019
Held-to-maturity, 12 months or longer, Unrealized Losses	(20,402)	(1,361)
Held-to-maturity, Total, Estimated Fair Value	644,433	509,395
Held-to-maturity, total, unrealized losses	(60,607)	(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	97,901	80,726
Available-for-sale, Less than 12 months, Unrealized Losses	(13,234)	(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	97,901	80,726
Available-for-sale, Total, Unrealized Losses	(13,234)	(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	453,637	445,399
Held-to-maturity, Less than 12 months, Unrealized Losses	(38,586)	(5,822)
Held-to-maturity, 12 months or longer, Estimated Fair Value	158,125	50,133
Held-to-maturity, 12 months or longer, Unrealized Losses	(20,367)	(1,358)
Held-to-maturity, Total, Estimated Fair Value	611,762	495,532
Held-to-maturity, total, unrealized losses	(58,953)	(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		2,255
Held-to-maturity, Less than 12 months, Unrealized Losses		(41)
Held-to-maturity, 12 months or longer, Estimated Fair Value	2,283	886
Held-to-maturity, 12 months or longer, Unrealized Losses	(35)	(3)
Held-to-maturity, Total, Estimated Fair Value	2,283	3,141
Held-to-maturity, total, unrealized losses	(35)	(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	30,388	10,722
Held-to-maturity, Less than 12 months, Unrealized Losses	(1,619)	(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	30,388	10,722
Held-to-maturity, total, unrealized losses	(1,619)	(104)
State, municipal and sovereign debt obligations
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, total, unrealized losses	(21,443)	(1,164)
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	201,586	75,329
Held-to-maturity, Less than 12 months, Unrealized Losses	(19,834)	(1,063)
Held-to-maturity, 12 months or longer, Estimated Fair Value	15,084	4,383
Held-to-maturity, 12 months or longer, Unrealized Losses	(1,609)	(101)
Held-to-maturity, Total, Estimated Fair Value	216,670	79,712
Held-to-maturity, total, unrealized losses	$ (21,443)	$ (1,164)

Securities - Equity Securities

Securities - Equity Securities Realized Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Net (loss) gain on equity investments	$ (8,078)	$ 576	$ (10,864)	$ 8,863
Less: Net (losses) gains recognized on equity securities sold	(231)	0	1,351	8,123
Unrealized (loss) gain recognized on equity securities still held	$ (7,847)	$ 576	$ (12,215)	$ 740

Loans Receivable, Net - Compone

Loans Receivable, Net - Components of Loans Receivable, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	$ 9,424,885		$ 8,622,870
Deferred origination costs, net of fees	7,864		9,332
Allowance for loan credit losses	(52,061)	$ (50,598)	(48,850)	$ (53,876)	$ (59,976)	$ (60,735)
Total loans receivable, net	9,380,688		8,583,352
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	6,414,302		5,882,350
Commercial | Commercial real estate – investor
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	4,808,965		4,378,061
Commercial | Commercial real estate – owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	1,020,873		1,055,065
Commercial | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	584,464		449,224
Commercial | Commercial and industrial | Paycheck Protection Program
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	6,500		22,900
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	3,010,583		2,740,520
Allowance for loan credit losses	(996)	$ (982)	(1,268)	$ (1,267)	$ (1,406)	$ (1,770)
Consumer | Residential real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	2,758,269		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	$ 252,314		$ 260,819

Loans Receivable, Net - Credit

Loans Receivable, Net - Credit Grades and Risk Characteristics (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	$ 1,313,647	$ 2,449,710
Year two	2,401,950	1,202,923
Year three	1,134,615	1,061,158
Year four	982,536	585,795
Year five	494,599	634,834
Year six and prior	2,378,319	2,138,982
Revolving lines of credit	719,219	549,468
Total	9,424,885	8,622,870
Commercial real estate – investor
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	736,901	1,387,753
Year two	1,361,548	614,183
Year three	591,378	588,147
Year four	553,656	284,530
Year five	230,576	386,872
Year six and prior	1,034,873	856,980
Revolving lines of credit	300,033	259,596
Total	4,808,965	4,378,061
Commercial real estate – investor | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	736,901	1,387,753
Year two	1,361,548	609,916
Year three	591,183	535,551
Year four	511,811	274,662
Year five	221,225	375,646
Year six and prior	993,374	800,089
Revolving lines of credit	296,251	255,613
Total	4,712,293	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	195	23,794
Year four	19,413	9,400
Year five	9,349	2,731
Year six and prior	14,228	28,663
Revolving lines of credit	2,187	582
Total	45,372	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	22,432	468
Year five	2	8,495
Year six and prior	27,271	28,228
Revolving lines of credit	1,595	3,401
Total	51,300	73,661
Commercial real estate – owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	55,822	116,355
Year two	119,096	71,196
Year three	68,901	140,743
Year four	133,358	103,909
Year five	97,418	115,317
Year six and prior	536,575	495,913
Revolving lines of credit	9,703	11,632
Total	1,020,873	1,055,065
Commercial real estate – owner occupied | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	55,822	116,355
Year two	119,096	71,196
Year three	68,901	125,212
Year four	128,781	91,531
Year five	88,826	109,232
Year six and prior	499,529	449,966
Revolving lines of credit	9,703	10,913
Total	970,658	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	0	3,829
Year five	3,226	479
Year six and prior	5,611	14,371
Revolving lines of credit	0	2
Total	8,837	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	4,577	8,549
Year five	5,366	5,606
Year six and prior	31,435	31,576
Revolving lines of credit	0	717
Total	41,378	60,614
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	40,999	42,955
Year two	30,167	23,030
Year three	16,891	25,390
Year four	19,538	17,567
Year five	13,709	8,954
Year six and prior	53,677	53,088
Revolving lines of credit	409,483	278,240
Total	584,464	449,224
Commercial and industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	40,999	42,955
Year two	30,167	22,573
Year three	16,758	22,878
Year four	17,695	16,404
Year five	12,796	8,671
Year six and prior	51,537	50,887
Revolving lines of credit	404,641	271,818
Total	574,593	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	167	350
Year five	247	85
Year six and prior	274	172
Revolving lines of credit	2,947	3,645
Total	3,635	4,483
Commercial and industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	457
Year three	133	2,281
Year four	1,676	813
Year five	666	198
Year six and prior	1,866	2,029
Revolving lines of credit	1,895	2,777
Total	6,236	8,555
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	252,314	260,819
Consumer | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	459,564	876,135
Year two	865,089	475,346
Year three	440,402	288,699
Year four	259,123	127,817
Year five	108,405	105,736
Year six and prior	625,686	605,968
Revolving lines of credit	0	0
Total	2,758,269	2,479,701
Consumer | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	20,361	26,512
Year two	26,050	19,168
Year three	17,043	18,179
Year four	16,861	51,972
Year five	44,491	17,955
Year six and prior	127,508	127,033
Revolving lines of credit	0	0
Total	252,314	260,819
Consumer | Pass | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	459,564	876,135
Year two	865,089	475,134
Year three	440,402	288,699
Year four	257,136	127,756
Year five	108,117	105,385
Year six and prior	622,819	602,331
Revolving lines of credit	0	0
Total	2,753,127	2,475,440
Consumer | Pass | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	20,361	26,512
Year two	26,050	19,168
Year three	17,043	18,179
Year four	16,790	51,954
Year five	44,473	17,955
Year six and prior	125,391	123,783
Revolving lines of credit	0	0
Total	250,108	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	1,482	61
Year five	0	0
Year six and prior	1,208	1,313
Revolving lines of credit	0	0
Total	2,690	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	71	0
Year five	0	0
Year six and prior	207	322
Revolving lines of credit	0	0
Total	278	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	505	0
Year five	288	351
Year six and prior	1,659	2,324
Revolving lines of credit	0	0
Total	2,452	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	18	0
Year six and prior	1,910	2,928
Revolving lines of credit	0	0
Total	$ 1,928	$ 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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Allowance for credit losses on loans
Balance at beginning of period	$ 50,598	$ 59,976	$ 48,850	$ 60,735
Credit loss (benefit) expense	1,472	(5,876)	3,128	(6,915)
Charge-offs	(287)	(420)	(430)	(776)
Recoveries	278	196	513	832
Balance at end of period	52,061	53,876	52,061	53,876
Commercial Real Estate – Investor
Allowance for credit losses on loans
Balance at beginning of period	23,637	36,922	25,504	26,703
Credit loss (benefit) expense	(1,080)	(3,583)	(2,947)	6,566
Charge-offs	0	(311)	0	(345)
Recoveries	51	9	51	113
Balance at end of period	22,608	33,037	22,608	33,037
Commercial real estate – owner occupied
Allowance for credit losses on loans
Balance at beginning of period	5,053	7,827	5,884	15,054
Credit loss (benefit) expense	(116)	(1,483)	(956)	(8,740)
Charge-offs	(14)	0	(18)	0
Recoveries	98	6	111	36
Balance at end of period	5,021	6,350	5,021	6,350
Commercial and industrial
Allowance for credit losses on loans
Balance at beginning of period	4,649	2,541	5,039	5,390
Credit loss (benefit) expense	572	1,871	166	(1,004)
Charge-offs	0	(33)	0	(33)
Recoveries	19	25	35	51
Balance at end of period	5,240	4,404	5,240	4,404
Residential Real Estate
Allowance for credit losses on loans
Balance at beginning of period	16,277	11,280	11,155	11,818
Credit loss (benefit) expense	1,966	(2,462)	6,994	(2,797)
Charge-offs	(56)	0	(56)	(242)
Recoveries	9	0	103	39
Balance at end of period	18,196	8,818	18,196	8,818
Other consumer
Allowance for credit losses on loans
Balance at beginning of period	982	1,406	1,268	1,770
Credit loss (benefit) expense	130	(219)	(129)	(940)
Charge-offs	(217)	(76)	(356)	(156)
Recoveries	101	156	213	593
Balance at end of period	$ 996	$ 1,267	$ 996	$ 1,267

Loans Receivable, Net - Additio

Loans Receivable, Net - Additional Information (Details)	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2021 USD ($) loan	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($) loan	Dec. 31, 2021 USD ($) 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				$ 46,000
Troubled debt restructuring loans		$ 17,400,000		23,600,000
Non-accrual loan total troubled debt restructurings		10,500,000		11,300,000
Specific reserves to loans accruing troubled debt restructurings		744,000		0
Financing receivable impaired troubled debt restructuring performing loan amount		6,900,000		12,300,000
Commercial Real Estate – Investor
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount		2,600,000		3,600,000
TDR, Subsequent default, number of contracts | loan	1		1
Troubled debt restructuring	$ 923,000		$ 923,000
Commercial real estate – owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount		2,200,000		11,900,000
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount		364,000		277,000
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount		261,000		438,000
Foreclosed property held		$ 0		$ 106,000

Loans Receivable, Net - Recorde

Loans Receivable, Net - Recorded Investment in Non-Accrual Loans by Loan Portfolio Segment Excluding PCI Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	$ 20,753	$ 25,494
Commercial real estate – investor
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	2,609	3,614
Commercial real estate – owner occupied
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	8,233	11,904
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	364	277
Residential real estate
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	5,846	6,114
Other consumer
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	$ 3,701	$ 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	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Total loans receivable	$ 9,424,885	$ 8,622,870
Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	15,605	22,728
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	3,591	12,385
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	5,967	2,161
90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	6,047	8,182
Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	9,409,280	8,600,142
Commercial real estate – investor
Financing Receivable, Past Due [Line Items]
Total loans receivable	4,808,965	4,378,061
Commercial real estate – investor | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	4,227	3,528
Commercial real estate – investor | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,667	1,717
Commercial real estate – investor | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	978	102
Commercial real estate – investor | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,582	1,709
Commercial real estate – investor | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	4,804,738	4,374,533
Commercial real estate – owner occupied
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,020,873	1,055,065
Commercial real estate – owner occupied | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	2,149	1,174
Commercial real estate – owner occupied | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	181	599
Commercial real estate – owner occupied | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,883	0
Commercial real estate – owner occupied | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	85	575
Commercial real estate – owner occupied | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,018,724	1,053,891
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Total loans receivable	584,464	449,224
Commercial and industrial | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,250	453
Commercial and industrial | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,112	25
Commercial and industrial | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	138	151
Commercial and industrial | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	0	277
Commercial and industrial | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	583,214	448,771
Residential real estate
Financing Receivable, Past Due [Line Items]
Total loans receivable	2,758,269	2,479,701
Residential real estate | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	5,142	13,966
Residential real estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	0	9,705
Residential real estate | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	2,690	1,586
Residential real estate | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	2,452	2,675
Residential real estate | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	2,753,127	2,465,735
Other consumer
Financing Receivable, Past Due [Line Items]
Total loans receivable	252,314	260,819
Other consumer | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	2,837	3,607
Other consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	631	339
Other consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	278	322
Other consumer | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,928	2,946
Other consumer | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	$ 249,477	$ 257,212

Loans Receivable, Net - Trouble

Loans Receivable, Net - Troubled Debt Restructurings (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2021 USD ($) loan	Jun. 30, 2022 USD ($) loan	Jun. 30, 2021 USD ($) loan
Commercial real estate – investor
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	1		1
Pre-modification Recorded Investment	$ 4,903		$ 4,903
Post-modification Recorded Investment	$ 4,903		$ 4,903
Residential Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	3		3
Pre-modification Recorded Investment	$ 244		$ 244
Post-modification Recorded Investment	$ 336		$ 336
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	Jun. 30, 2022	Dec. 31, 2021
Banking and Thrift, Other Disclosure [Abstract]
Non-interest-bearing	$ 2,312,126	$ 2,412,056
Interest-bearing checking	3,696,067	4,201,736
Money market deposit	716,782	736,090
Savings	1,606,534	1,607,933
Time deposits	1,499,975	775,001
Total deposits	$ 9,831,484	$ 9,732,816

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Banking and Thrift, Other Disclosure [Abstract]
Time deposits, $250,000 and over	$ 90.3	$ 145.4
Time deposits also include brokered deposits	$ 887.6	$ 25

Borrowed Funds - Summary of Bor

Borrowed Funds - Summary of Borrowed Funds (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
FHLB advances	$ 488,750	$ 0
Securities sold under agreements to repurchase with customers	105,495	118,769
Other borrowings	194,654	229,141
Total borrowed funds	$ 788,899	$ 347,910

Borrowed Funds - Additional Inf

Borrowed Funds - Additional Information (Details) - USD ($) $ in Thousands	1 Months Ended
	Mar. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
FHLB advances		$ 488,750	$ 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	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	$ 0	$ 106
Measurement Input, Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Minimum range of unobservable inputs	0%	0%
Maximum range of unobservable inputs	8%	8%
Measurement Input, Appraisal Adjustments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Minimum range of unobservable inputs	0%	0%
Maximum range of unobservable inputs	10%	10%
Items measured on a recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities available-for-sale	$ 507,276	$ 568,255
Equity investments	61,963	90,726
Interest rate derivative asset	74,082	22,787
Interest rate derivative liability	(74,113)	(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	763	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	507,276	568,255
Equity investments	61,200	73,400
Interest rate derivative asset	74,082	22,787
Interest rate derivative liability	(74,113)	(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	13,306	10,429
Other real estate owned		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	5,426	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
Other real estate owned		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
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	13,306	10,429
Other real estate owned		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	$ 5,426	$ 16,233

Fair Value Measurements - Debt

Fair Value Measurements - Debt Securities Available for Sale Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Debt Securities, Available For Sale, Fair Value [Roll Forward]
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	$ 0	$ 7,938	2,718	$ 2,540
Total gains included in earnings	0	40	0	438
Purchases	0	40	0	5,040
Transfers out of Level 3	0	0	(2,718)	0
Ending balance	$ 0	$ 8,018	$ 0	$ 8,018

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	Jun. 30, 2022	Dec. 31, 2021
Financial Assets:
Debt securities held-to-maturity	$ 987,532	$ 1,152,744
Restricted equity investments	76,047	53,195
Financial Liabilities:
Time deposits	1,499,975	775,001
Securities sold under agreements to repurchase with customers	105,495	118,769
Book Value
Financial Assets:
Cash and due from banks	189,019	204,949
Debt securities held-to-maturity	1,068,034	1,139,193
Restricted equity investments	76,047	53,195
Loans receivable, net and loans held-for-sale	9,380,688	8,583,352
Financial Liabilities:
Deposits other than time deposits	8,331,509	8,957,815
Time deposits	1,499,975	775,001
FHLB advances and other borrowings	683,404	229,141
Securities sold under agreements to repurchase with customers	105,495	118,769
Level 1 Inputs
Financial Assets:
Cash and due from banks	189,019	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	105,495	118,769
Level 2 Inputs
Financial Assets:
Cash and due from banks	0	0
Debt securities held-to-maturity	975,027	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	8,331,509	8,957,815
Time deposits	1,472,791	773,766
FHLB advances and other borrowings	697,444	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	12,505	14,215
Restricted equity investments	76,047	53,195
Loans receivable, net and loans held-for-sale	9,013,653	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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Derivative [Line Items]
Collateral already posted, fair value	$ 40		$ 40		$ 19,800
Collateral received from third parties	69,100		69,100		0
Other liabilities
Derivative [Line Items]
Credit risk derivative liability, fair value	74,113		74,113		22,855
Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative notional amount	1,240,000		1,240,000		$ 938,700
Interest Rate Swap
Derivative [Line Items]
Income (expense) in fair value adjustments	$ 0	$ (23)	$ 37	$ 41

Derivatives, Hedging Activiti_4

Derivatives, Hedging Activities and Other Financial Instruments - Notional and Fair Value of Derivatives Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Other assets
Derivative [Line Items]
Credit risk derivative asset, fair value	$ 74,082	$ 22,787
Other liabilities
Derivative [Line Items]
Credit risk derivative liability, fair value	$ 74,113	$ 22,855

Leases - Additional Information

Leases - Additional Information (Details)	6 Months Ended
	Jun. 30, 2022 renewal_term lease
Leases [Abstract]
Number of finance leases | lease	1
Number of option to renew | renewal_term	1

Leases - Schedule of Right-of-U

Leases - Schedule of Right-of-Use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets
Operating lease ROU assets	$ 20,467	$ 17,442
Finance lease ROU asset	1,396	1,495
Total lease ROU assets	$ 21,863	$ 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	$ 21,218	$ 17,982
Finance lease liability	1,802	1,904
Total lease liabilities	$ 23,020	$ 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	$ 8,500	$ 8,200

Leases - Schedule of Weighted A

Leases - Schedule of Weighted Average Remaining Lease Term and Discount Rate (Details)	Jun. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease, weighted average remaining lease term (years)	7 years 2 months 1 day	8 years 2 months 19 days
Finance lease, weighted average remaining lease term (years)	7 years 1 month 6 days	7 years 7 months 2 days
Operating lease, weighted average discount rate (percent)	2.83%	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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Lease Expense
Operating lease expense	$ 1,440	$ 1,471	$ 2,698	$ 2,961
Finance lease expense:
Amortization of ROU assets	50	49	99	99
Interest on lease liabilities	26	28	52	57
Total	1,516	1,548	2,849	3,117
Operating cash flows from operating leases	1,249	1,347	2,411	2,797
Operating cash flows from finance leases	26	28	52	57
Financing cash flows from finance leases	$ 51	$ 48	$ 102	$ 96

Leases - Future Minimum Payment

Leases - Future Minimum Payments for Operating and Financing Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Finance Lease
2023	$ 307
2024	307
2025	307
2026	307
2027	307
Thereafter	645
Total	2,180
Less: Imputed interest	(378)
Total lease liabilities	1,802	$ 1,904
Operating Leases
2023	4,174
2024	3,828
2025	3,936
2026	3,226
2027	2,492
Thereafter	6,168
Total	23,824
Less: Imputed interest	(2,606)
Total lease liabilities	$ 21,218	$ 17,982

Variable Interest Entity - Addi

Variable Interest Entity - Additional Information (Details)	Apr. 01, 2022
Trident Abstract Title Agency, LLC
Variable Interest Entity [Line Items]
Business acquisition, percentage of voting interests acquired	60%

Variable Interest Entity - Sche

Variable Interest Entity - Schedule of Financial Information Variable Interest Entity (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Other assets	$ 193,552	$ 147,007
Total assets	12,438,653	11,739,616
Other liabilities	273,198	$ 122,032
VIE
Variable Interest Entity [Line Items]
Cash and cash equivalents	45,795
Other assets	1,139
Total assets	46,934
Other liabilities	44,566
Net assets	$ 2,368