OceanFirst Financial (OCFC) 10-Q 9 Nov 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2022	Nov. 04, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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		59,141,528
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
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	Sep. 30, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 170,668	$ 204,949
Debt securities available-for-sale, at estimated fair value	470,300	568,255
Debt securities held-to-maturity, net of allowance for securities credit losses of $1,234 at September 30, 2022 and $1,467 at December 31, 2021 (estimated fair value of $905,426 at September 30, 2022 and $1,152,744 at December 31, 2021)	1,027,712	1,139,193
Equity investments	81,722	101,155
Restricted equity investments, at cost	77,556	53,195
Loans receivable, net of allowance for loan credit losses of $53,521 at September 30, 2022 and $48,850 at December 31, 2021	9,672,488	8,583,352
Loans held-for-sale	3,549	0
Interest and dividends receivable	38,388	32,606
Other real estate owned	0	106
Premises and equipment, net	127,868	125,828
Bank owned life insurance	261,118	259,207
Assets held for sale	3,216	6,229
Goodwill	506,146	500,319
Core deposit intangible	14,656	18,215
Other assets	228,066	147,007
Total assets	12,683,453	11,739,616
Liabilities and Stockholders’ Equity
Deposits	9,959,469	9,732,816
Federal Home Loan Bank (“FHLB”) advances	514,200	0
Securities sold under agreements to repurchase with customers	96,289	118,769
Other borrowings	194,914	229,141
Advances by borrowers for taxes and insurance	25,457	20,305
Other liabilities	352,908	122,032
Total liabilities	11,143,237	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 September 30, 2022 and December 31, 2021	1	1
Common stock, $0.01 par value, 150,000,000 shares authorized, 61,872,065 and 61,535,381 shares issued at September 30, 2022 and December 31, 2021, respectively; and 59,138,507 and 59,175,046 shares outstanding at September 30, 2022 and December 31, 2021, respectively	612	611
Additional paid-in capital	1,153,072	1,146,781
Retained earnings	499,967	442,306
Accumulated other comprehensive loss	(38,496)	(2,821)
Less: Unallocated common stock held by Employee Stock Ownership Plan ("ESOP")	(6,797)	(8,615)
Treasury stock, 2,733,558 and 2,360,335 shares at September 30, 2022 and December 31, 2021, respectively	(69,106)	(61,710)
OceanFirst Financial Corp. stockholders’ equity	1,539,253	1,516,553
Non-controlling interest	963	0
Total stockholders’ equity	1,540,216	1,516,553
Total liabilities and stockholders’ equity	$ 12,683,453	$ 11,739,616

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 1,234,000	$ 1,467,000
Securities held-to-maturity, fair value	905,426,000	1,152,744,000
Allowance for loan credit losses	$ 53,521,000	$ 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)	61,872,065	61,535,381
Common stock, shares outstanding (in shares)	59,138,507	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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest income:
Loans	$ 100,141	$ 78,889	$ 273,340	$ 233,845
Debt securities	8,479	5,040	23,456	16,379
Equity investments and other	1,879	1,491	4,102	3,411
Total interest income	110,499	85,420	300,898	253,635
Interest expense:
Deposits	9,238	5,379	17,596	20,200
Borrowed funds	5,296	2,909	12,313	8,683
Total interest expense	14,534	8,288	29,909	28,883
Net interest income	95,965	77,132	270,989	224,752
Credit loss expense (benefit)	1,016	(3,179)	4,121	(10,259)
Net interest income after credit loss expense (benefit)	94,949	80,311	266,868	235,011
Other income:
Bankcard services revenue	1,509	3,409	7,782	10,052
Net gain (loss) on sales of loans	168	(15)	348	3,180
Net gain (loss) on equity investments	3,362	(466)	(7,502)	8,397
Net gain (loss) from other real estate operations	0	(3)	48	(12)
Income from bank owned life insurance	1,356	1,640	4,881	4,771
Commercial loan swap income	1,471	1,588	6,546	2,772
Other	396	173	579	1,068
Total other income	15,150	9,883	31,543	42,521
Operating expenses:
Compensation and employee benefits	34,124	30,730	97,972	89,008
Occupancy	5,288	5,005	15,790	15,380
Equipment	1,150	1,124	3,856	4,008
Marketing	655	496	2,242	1,555
Federal deposit insurance and regulatory assessments	1,757	1,459	5,435	4,422
Data processing	6,560	5,363	18,466	13,796
Check card processing	1,231	1,337	3,728	4,012
Professional fees	2,502	3,089	8,296	8,317
Amortization of core deposit intangible	1,171	1,354	3,559	4,110
Branch consolidation (benefit) expense, net	(346)	4,014	602	5,051
Merger related expenses	298	225	2,459	1,052
Other operating expense	4,607	4,477	12,748	11,315
Total operating expenses	58,997	58,673	175,153	162,026
Income before provision for income taxes	51,102	31,521	123,258	115,506
Provision for income taxes	12,298	7,354	29,212	28,087
Net income	38,804	24,167	94,046	87,419
Net income attributable to non-controlling interest	193	0	715	0
Net income attributable to OceanFirst Financial Corp.	38,611	24,167	93,331	87,419
Dividends on preferred shares	1,004	1,004	3,012	3,012
Net income available to common stockholders	37,607	23,163	90,319	84,407
Net income available to common stockholders	$ 37,607	$ 23,163	$ 90,319	$ 84,407
Basic earnings per share (in dollars per share)	$ 0.64	$ 0.40	$ 1.54	$ 1.42
Diluted earnings per share (in dollars per share)	$ 0.64	$ 0.39	$ 1.53	$ 1.41
Average basic shares outstanding (in shares)	58,681	59,311	58,777	59,619
Average diluted shares outstanding (in shares)	58,801	59,515	58,918	59,862
Trust and asset management revenue
Other income:
Other income	$ 568	$ 584	$ 1,835	$ 1,774
Fees and service charges
Other income:
Other income	$ 6,320	$ 2,973	$ 17,026	$ 10,519

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 38,804	$ 24,167	$ 94,046	$ 87,419
Other comprehensive loss:
Net unrealized loss on debt securities (net of tax benefit of $3,023 and $11,411 in 2022 and tax benefit of $232 and $446 in 2021)	(9,490)	(855)	(35,858)	(1,658)
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $60 and $186 in 2022 and tax expense of $66 and $209 in 2021)	87	95	265	303
Reclassification adjustment for gains included in net income (net of tax benefit of $26 in 2022)	0	0	(82)	0
Total other comprehensive loss, net of tax	(9,403)	(760)	(35,675)	(1,355)
Total comprehensive income	29,401	23,407	58,371	86,064
Less: comprehensive income attributable to non-controlling interest	193	0	715	0
Comprehensive income attributable to OceanFirst Financial Corp.	29,208	23,407	57,656	86,064
Less: Dividends on preferred shares	1,004	1,004	3,012	3,012
Comprehensive income available to common stockholders	$ 28,204	$ 22,403	$ 54,644	$ 83,052

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Unrealized holding gain (loss), before adjustment, tax benefit	$ 3,023	$ 232	$ 11,411	$ 446
Accretion of unrealized loss on debt securities, tax expense	60	$ 66	186	$ 209
Reclassification adjustment from AOCI for sale of securities, tax expense (benefit)	$ 26		$ 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	87,419					87,419
Other comprehensive loss, net of tax	(1,355)						(1,355)
Stock compensation	4,231				4,231
Allocation of ESOP stock	1,056	914			142
Cash dividend	(30,425)					(30,425)
Exercise of stock options	1,833			2	3,360	(1,529)
Repurchased shares of common stock	(30,628)							(30,628)
Preferred stock dividend	(3,012)					(3,012)
Ending Balance at Sep. 30, 2021	1,513,249	(6,519)	1	611	1,145,448	430,721	(734)	(56,279)	0
Beginning 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]
Net income	24,167					24,167
Other comprehensive loss, net of tax	(760)						(760)
Stock compensation	1,505				1,505
Allocation of ESOP stock	336	305			31
Cash dividend	(10,100)					(10,100)
Exercise of stock options	5			0	5
Repurchased shares of common stock	(9,689)							(9,689)
Preferred stock dividend	(1,004)					(1,004)
Ending Balance at Sep. 30, 2021	1,513,249	(6,519)	1	611	1,145,448	430,721	(734)	(56,279)	0
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	94,046					93,331			715
Other comprehensive loss, net of tax	(35,675)						(35,675)
Stock compensation	5,019				5,019
Allocation of ESOP stock	1,848	1,818			30
Cash dividend	(31,767)					(31,767)
Exercise of stock options	346			1	1,242	(897)
Repurchased shares of common stock	(7,396)							(7,396)
Preferred stock dividend	(3,012)					(3,012)
Acquisition of Trident Abstract Title Agency, LLC (“Trident”)	836								836
Distributions to non-controlling interest	(582)					6			(588)
Ending Balance at Sep. 30, 2022	1,540,216	(6,797)	1	612	1,153,072	499,967	(38,496)	(69,106)	963
Beginning 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]
Net income	38,804					38,611			193
Other comprehensive loss, net of tax	(9,403)						(9,403)
Stock compensation	1,619				1,619
Allocation of ESOP stock	601	606			(5)
Cash dividend	(11,752)					(11,752)
Exercise of stock options	95				95	0
Preferred stock dividend	(1,004)					(1,004)
Distributions to non-controlling interest	(176)					(2)			(174)
Ending Balance at Sep. 30, 2022	$ 1,540,216	$ (6,797)	$ 1	$ 612	$ 1,153,072	$ 499,967	$ (38,496)	$ (69,106)	$ 963

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividend per share (in dollars per share)	$ 0.20	$ 0.17	$ 0.54	$ 0.51
Purchase of common stock (in shares)		460,009	373,223	1,460,009

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net income	$ 94,046	$ 87,419
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment	8,526	6,150
Allocation of ESOP stock	1,848	1,056
Stock compensation	5,019	4,231
Net excess tax expense on stock compensation	215	93
Amortization of servicing asset	77	60
Net premium amortization in excess of discount accretion on securities	5,522	5,719
Net amortization of deferred costs on borrowings	416	688
Amortization of core deposit intangible	3,559	4,110
Net accretion of purchase accounting adjustments	(7,433)	(10,720)
Net amortization of deferred costs and discounts on loans	349	606
Provision (benefit) for credit losses	4,121	(10,259)
Net gain on sale of other real estate owned	(54)	0
Net write down of fixed assets held-for-sale to net realizable value	1,427	3,114
Net (gain) loss on sale of fixed assets	(52)	11
Net loss (gain) on equity securities	7,502	(8,397)
Net gain on sales of loans	(348)	(3,180)
Proceeds from sales of residential loans held for sale	10,266	101,992
Mortgage loans originated for sale	(13,677)	(53,935)
Increase in value of bank owned life insurance	(4,881)	(4,771)
Net gain on sale of assets held for sale	(1,947)	(318)
(Increase) decrease in interest and dividends receivable	(5,782)	2,757
Deferred tax (benefit) expense	(66)	570
(Increase) decrease in other assets	(84,582)	29,366
Increase (decrease) in other liabilities	185,927	(37,311)
Total adjustments	115,952	31,632
Net cash provided by operating activities	209,998	119,051
Cash flows from investing activities:
Net increase in loans receivable	(938,915)	(203,104)
Proceeds from sale of loans	13,388	825
Purchase of residential loan pool	(161,701)	(219,745)
Premiums paid on purchased loan pool	(495)	(6,318)
Purchase of debt securities available-for-sale	(64,862)	(200,034)
Purchase of debt securities held-to-maturity	(26,666)	(381,032)
Purchase of equity investments	(5,935)	(85,077)
Proceeds from maturities and calls of debt securities available-for-sale	84,200	93,835
Proceeds from maturities and calls of debt securities held-to-maturity	25,126	22,125
Proceeds from sales of debt securities available-for-sale	30,257	0
Proceeds from sale of equity investments	19,235	98,776
Principal repayments on debt securities available-for-sale	0	114
Principal repayments on debt securities held-to-maturity	111,283	168,059
Proceeds from bank owned life insurance	2,970	9,952
Proceeds from the redemption of restricted equity investments	164,939	1,110
Purchases of restricted equity investments	(189,300)	(2,069)
Proceeds from sale of other real estate owned	160	0
Proceeds from sales of assets held-for-sale	7,676	2,601
Purchases of premises and equipment	(14,358)	(26,493)
Purchases of operating lease equipment	(4,789)	0
Net cash consideration received for acquisition	38,609	0
Net cash used in investing activities	(909,178)	(726,475)
Cash flows from financing activities:
Increase in deposits	227,192	347,672
(Decrease) increase in short-term borrowings	(22,480)	14,838
Net proceeds from FHLB advances	514,200	0
Repayments of other borrowings	(35,076)	(7,585)
Increase in advances by borrowers for taxes and insurance	5,152	4,918
Exercise of stock options	346	1,833
Payment of employee taxes withheld from stock awards	(1,473)	(1,176)
Purchase of treasury stock	(7,396)	(30,628)
Dividends paid	(34,779)	(33,437)
Distributions to non-controlling interest	(582)	0
Net cash provided by financing activities	645,104	296,435
Net decrease in cash and due from banks and restricted cash	(54,076)	(310,989)
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	170,668	981,126
Restricted cash at end of period	40	26,546
Cash and due from banks and restricted cash at end of period	170,708	1,007,672
Cash paid during the period for:
Interest	27,953	28,009
Income taxes	12,633	38,707
Non-cash activities:
Accretion of unrealized loss on securities reclassified to held-to-maturity	451	512
Net loan recoveries	(335)	(442)
Transfer of loans receivable to loans held-for-sale	13,178	12,781
Transfer of premises and equipment to assets held-for-sale	2,776	1,476
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	9 Months Ended
	Sep. 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 nine months ended September 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	9 Months Ended
	Sep. 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 clients’ title insurance needs outside of New Jersey. The acquisition is 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, of 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	9 Months Ended
	Sep. 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 nine months ended September 30, 2022 and 2021 (in thousands): Three Months Ended Nine Months Ended 2022 2021 2022 2021 Weighted average shares outstanding 59,134 59,722 59,245 60,050 Less: Unallocated ESOP shares (363) (353) (393) (369) Unallocated incentive award shares (90) (58) (75) (62) Average basic shares outstanding 58,681 59,311 58,777 59,619 Add: Effect of dilutive securities: Incentive awards 120 204 141 243 Average diluted shares outstanding 58,801 59,515 58,918 59,862 For both the three and nine months ended September 30, 2022, antidilutive stock options of 1,552,000 were excluded from the earnings per share calculation. For the three and nine months ended September 30, 2021, antidilutive stock options of 1,573,000 and 1,566,000, respectively, were excluded from the earnings per share calculation.

Securities

Securities	9 Months Ended
	Sep. 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 September 30, 2022 and December 31, 2021 are as follows (in thousands): Amortized Gross Gross Estimated Allowance for Credit Losses At September 30, 2022 Debt securities available-for-sale: U.S. government and agency obligations $ 107,198 $ (8,099) $ 99,099 $ — Corporate debt securities 5,000 — (628) 4,372 — Asset-backed securities 296,228 — (21,355) 274,873 — Agency commercial mortgage-backed securities (“MBS”) 110,871 — (18,915) 91,956 — Total debt securities available-for-sale $ 519,297 $ — $ (48,997) $ 470,300 $ — Debt securities held-to-maturity: State, municipal and sovereign debt obligations $ 263,614 $ — $ (31,052) $ 232,562 $ (63) Corporate debt securities 59,000 403 (3,135) 56,268 (1,135) Mortgage-backed securities: Agency residential 674,356 103 (89,696) 584,763 — Agency commercial 7,440 6 (279) 7,167 — Non-agency commercial 26,973 — (2,307) 24,666 (36) Total mortgage-backed securities 708,769 109 (92,282) 616,596 (36) Total debt securities held-to-maturity $ 1,031,383 $ 512 $ (126,469) $ 905,426 $ (1,234) Total debt securities $ 1,550,680 $ 512 $ (175,466) $ 1,375,726 $ (1,234) 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 September 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 nine months ended September 30, 2022 and 2021 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Allowance for securities credit losses Beginning balance $ (1,293) $ (1,609) $ (1,467) $ (1,715) Credit loss benefit 59 106 233 212 Total ending allowance balance $ (1,234) $ (1,503) $ (1,234) $ (1,503) 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 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 September 30, 2022, aggregated by credit quality indicator, are as follows (in thousands): Investment Grade Non-Investment Grade/Non-rated Total As of September 30, 2022 State, municipal and sovereign debt obligations $ 263,614 $ — $ 263,614 Corporate debt securities 43,635 15,365 59,000 Non-agency commercial MBS 26,973 — 26,973 Total debt securities held-to-maturity $ 334,222 $ 15,365 $ 349,587 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 September 30, 2022 and December 31, 2021 is as follows (in thousands): September 30, December 31, 2022 2021 Amortized cost $ 1,031,383 $ 1,143,548 Net loss on date of transfer from available-for-sale (13,556) (13,556) Allowance for securities credit losses (1,234) (1,467) Accretion of net unrealized loss on securities reclassified as held-to-maturity 11,119 10,668 Carrying value $ 1,027,712 $ 1,139,193 There were $131,000 and $23,000 of realized gains on debt securities for the three and nine months ended September 30, 2022. There were no realized gains or losses on debt securities for the three and nine months ended September 30, 2021. The amortized cost and estimated fair value of debt securities at September 30, 2022 by contractual maturity are shown below (in thousands). September 30, 2022 Amortized Estimated Less than one year $ 55,326 $ 54,972 Due after one year through five years 166,980 154,459 Due after five years through ten years 225,771 205,348 Due after ten years 282,963 252,395 $ 731,040 $ 667,174 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 September 30, 2022, corporate debt securities, state and municipal obligations, and asset-backed securities with an amortized cost of $56.0 million, $75.0 million, and $296.2 million , respectively, and an estimated fair valu e of $52.7 million, $68.7 million, and $274.9 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 $866.5 million and $1.14 billion at September 30, 2022 and December 31, 2021, respectively, which included $105.5 million and $142.9 million at September 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 September 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 September 30, 2022 Debt securities available-for-sale: U.S. government and agency obligations $ 75,464 $ (5,924) $ 23,635 $ (2,175) $ 99,099 $ (8,099) Corporate debt securities 3,496 (504) 877 (124) 4,373 (628) Asset-backed securities 216,926 (16,650) 57,947 (4,705) 274,873 (21,355) Agency commercial MBS 77,878 (16,233) 14,078 (2,682) 91,956 (18,915) Total debt securities available-for-sale 373,764 (39,311) 96,537 (9,686) 470,301 (48,997) Debt securities held-to-maturity: State, municipal and sovereign debt obligations 172,090 (22,460) 58,649 (8,592) 230,739 (31,052) Corporate debt securities 14,142 (319) 36,516 (2,816) 50,658 (3,135) MBS: Agency residential 252,724 (26,933) 318,925 (62,763) 571,649 (89,696) Agency commercial 3,609 (242) 2,092 (37) 5,701 (279) Non-agency commercial 20,512 (1,981) 4,154 (326) 24,666 (2,307) Total MBS 276,845 (29,156) 325,171 (63,126) 602,016 (92,282) Total debt securities held-to-maturity 463,077 (51,935) 420,336 (74,534) 883,413 (126,469) Total debt securities $ 836,841 $ (91,246) $ 516,873 $ (84,220) $ 1,353,714 $ (175,466) 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 September 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 September 30, 2022 and December 31, 2021, the Company held equity investments of $81.7 million and $101.2 million, respectively. The equity investments primarily comprised of select financial services institutions’ preferred and common 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 nine months ended September 30, 2022 and 2021 are shown in the table below (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Net gain (loss) on equity investments $ 3,362 $ (466) $ (7,502) $ 8,397 Less: Net gains recognized on equity securities sold — — 1,351 8,123 Unrealized gain (loss) recognized on equity securities still held $ 3,362 $ (466) $ (8,853) $ 274

Loans Receivable, Net

Loans Receivable, Net	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Loans Receivable, Net	Loans Receivable, Net Loans receivable, net at September 30, 2022 and December 31, 2021 consisted of the following (in thousands): September 30, December 31, 2022 2021 Commercial: Commercial real estate – investor $ 5,007,637 $ 4,378,061 Commercial real estate – owner occupied 983,784 1,055,065 Commercial and industrial (1) 652,620 449,224 Total commercial 6,644,041 5,882,350 Consumer: Residential real estate 2,813,209 2,479,701 Home equity loans and lines and other consumer (“other consumer”) 261,510 260,819 Total consumer 3,074,719 2,740,520 Total loans receivable 9,718,760 8,622,870 Deferred origination costs, net of fees 7,249 9,332 Allowance for loan credit losses (53,521) (48,850) Total loans receivable, net $ 9,672,488 $ 8,583,352 (1) The commercial and industrial loans balance at September 30, 2022 and December 31, 2021 includes Paycheck Protection Program (“PPP”) loans of $3.0 million and $22.9 million, respectively. The Company categorizes all loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, and current economic trends, among other factors. 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 September 30, 2022 Commercial real estate - investor Pass $ 936,746 $ 1,354,997 $ 574,752 $ 507,749 $ 214,473 $ 948,538 $ 374,043 $ 4,911,298 Special Mention — — 193 19,021 9,303 8,628 2,188 39,333 Substandard — — — 20,759 — 35,703 544 57,006 Total commercial real estate - investor 936,746 1,354,997 574,945 547,529 223,776 992,869 376,775 5,007,637 Commercial real estate - owner occupied Pass 67,572 118,428 61,004 115,273 90,050 479,174 9,837 941,338 Special Mention — — — — 757 10,018 — 10,775 Substandard — — 3,750 5,730 4,860 16,231 1,100 31,671 Total commercial real estate - owner occupied 67,572 118,428 64,754 121,003 95,667 505,423 10,937 983,784 Commercial and industrial Pass 45,285 25,101 15,232 17,468 11,921 49,371 481,519 645,897 Special Mention — — — — — 262 1,722 1,984 Substandard — — 106 1,586 316 2,606 125 4,739 Total commercial and industrial 45,285 25,101 15,338 19,054 12,237 52,239 483,366 652,620 Residential real estate (1) Pass 829,041 595,233 431,072 253,353 103,330 597,224 — 2,809,253 Special Mention — — — 131 — 1,690 — 1,821 Substandard — — — — 287 1,848 — 2,135 Total residential real estate 829,041 595,233 431,072 253,484 103,617 600,762 — 2,813,209 Other consumer (1) Pass 19,582 25,869 16,332 15,940 42,026 117,718 21,824 259,291 Special Mention — — — 164 22 231 — 417 Substandard — — — — 18 1,784 — 1,802 Total other consumer 19,582 25,869 16,332 16,104 42,066 119,733 21,824 261,510 Total loans $ 1,898,226 $ 2,119,628 $ 1,102,441 $ 957,174 $ 477,363 $ 2,271,026 $ 892,902 $ 9,718,760 (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 nine months ended September 30, 2022 and 2021 is as follows (in thousands): Commercial Commercial Commercial Residential Other Consumer Total For the three months ended September 30, 2022 Allowance for credit losses on loans Balance at beginning of period $ 22,608 $ 5,021 $ 5,240 $ 18,196 $ 996 $ 52,061 Credit loss expense (benefit) 82 (1,047) 554 1,618 1 1,208 Charge-offs (3) — — — (2) (5) Recoveries 3 48 69 44 93 257 Balance at end of period $ 22,690 $ 4,022 $ 5,863 $ 19,858 $ 1,088 $ 53,521 For the three months ended September 30, 2021 Allowance for credit losses on loans Balance at beginning of period $ 33,037 $ 6,350 $ 4,404 $ 8,818 $ 1,267 $ 53,876 Credit loss (benefit) expense (9,902) 515 1,962 3,081 235 (4,109) Charge-offs — (64) (50) (12) (37) (163) Recoveries 5 26 50 292 176 549 Balance at end of period $ 23,140 $ 6,827 $ 6,366 $ 12,179 $ 1,641 $ 50,153 For the nine months ended September 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 (2,865) (2,003) 720 8,612 (128) 4,336 Charge-offs (3) (18) — (56) (358) (435) Recoveries 54 159 104 147 306 770 Balance at end of period $ 22,690 $ 4,022 $ 5,863 $ 19,858 $ 1,088 $ 53,521 For the nine months ended September 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 (benefit) expense (3,336) (8,225) 958 284 (705) (11,024) Charge-offs (345) (64) (83) (254) (193) (939) Recoveries 118 62 101 331 769 1,381 Balance at end of period $ 23,140 $ 6,827 $ 6,366 $ 12,179 $ 1,641 $ 50,153 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, is classified as non-accruing. At September 30, 2022 and December 31, 2021, the Company had collateral dependent loans with an amortized cost balance as follows: commercial real estate - investor of $3.9 million and $3.6 million, respectively, commercial real estate - owner occupied of $2.0 million and $11.9 million, respectively, and commercial and industrial of $321,000 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 $1.1 million and $438,000 at September 30, 2022 and December 31, 2021, respectively. At September 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 September 30, 2022 and December 31, 2021 (in thousands): September 30, December 31, 2022 2021 Commercial real estate – investor $ 9,866 $ 3,614 Commercial real estate – owner occupied 1,976 11,904 Commercial and industrial 321 277 Residential real estate 5,958 6,114 Other consumer 3,377 3,585 $ 21,498 $ 25,494 At September 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 September 30, 2022, there was one PPP loan for $21,000 that was past due greater than 90 days and still accruing interest. Per Small Business Association (“SBA”) guidelines, the SBA will pay accrued interest through the deferral period up to a maximum of 120 days past due. Given these servicing guidelines, PPP loans that are 90 to120 days past due will be reported as accruing loans. 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 September 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 September 30, 2022 Commercial real estate – investor $ — $ 968 $ 2,025 $ 2,993 $ 5,004,644 $ 5,007,637 Commercial real estate – owner occupied 428 5,613 85 6,126 977,658 983,784 Commercial and industrial 1,472 450 — 1,922 650,698 652,620 Residential real estate 6 1,821 2,136 3,963 2,809,246 2,813,209 Other consumer 671 417 1,801 2,889 258,621 261,510 $ 2,577 $ 9,269 $ 6,047 $ 17,893 $ 9,700,867 $ 9,718,760 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 September 30, 2022 and December 31, 2021, TDR loans totaled $16.1 million and $23.6 million, respectively. At September 30, 2022 and December 31, 2021, there were $10.0 million and $11.3 million, respectively, of TDR loans included in the non-accrual loan totals. At September 30, 2022 the Company had a $667,000 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 $6.1 million and $12.3 million at September 30, 2022 and December 31, 2021, respectively. The following table presents information about TDR loans which occurred during the three and nine months ended September 30, 2022 and 2021 (dollars in thousands): Number of Loans Pre-modification Post-modification Three months ended September 30, 2022 Troubled debt restructurings: Other consumer 3 $ 114 $ 124 Three months ended September 30, 2021 Troubled debt restructurings: Commercial real estate - owner occupied 1 $ 93 $ 110 Nine months ended September 30, 2022 Troubled debt restructurings: Commercial and industrial 1 $ 65 $ 65 Other consumer 6 1,105 1,233 Nine months ended September 30, 2021 Troubled debt restructurings: Commercial real estate – investor 1 $ 4,903 $ 4,903 Commercial real estate - owner occupied 1 93 110 Residential real estate 3 244 336 Other consumer 2 26 33 There were no TDR loans that defaulted during the three and nine months ended September 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 nine months ended September 30, 2021, which was modified within the preceding year and the loan was subsequently paid in full as of June 30, 2022.

Deposits

Deposits	9 Months Ended
	Sep. 30, 2022
Banking and Thrift, Other Disclosure [Abstract]
Deposits	Deposits The major types of deposits at September 30, 2022 and December 31, 2021 were as follows (in thousands): Type of Account September 30, December 31, 2022 2021 Non-interest-bearing $ 2,325,547 $ 2,412,056 Interest-bearing checking 3,909,864 4,201,736 Money market deposit 749,229 736,090 Savings 1,570,472 1,607,933 Time deposits 1,404,357 775,001 Total deposits $ 9,959,469 $ 9,732,816 Included in time deposits at September 30, 2022 and December 31, 2021 was $94.1 million and $145.4 million, respectively, in deposits of $250,000 or more. Time deposits also include brokered deposits of $828.7 million and $25.0 million at September 30, 2022 and December 31, 2021, respectively.

Borrowed Funds

Borrowed Funds	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Borrowed Funds	Borrowed Funds Borrowed funds at September 30, 2022 and December 31, 2021 were as follows (in thousands): September 30, December 31, 2022 2021 FHLB advances $ 514,200 $ — Securities sold under agreements to repurchase with customers 96,289 118,769 Other borrowings 194,914 229,141 Total borrowed funds $ 805,403 $ 347,910 At September 30, 2022, there were $500.0 million of short-term advances and $14.2 million of overnight borrowings from the FHLB, as compared to $0 at 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	9 Months Ended
	Sep. 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 (measurement alternative). 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 September 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 September 30, 2022 Items measured on a recurring basis: Debt securities available-for-sale $ 470,300 $ — $ 470,300 $ — Equity investments 62,343 566 61,777 — Interest rate derivative asset 122,605 — 122,605 — Interest rate derivative liability (122,618) — (122,618) — Items measured on a non-recurring basis: Equity investments (1) 19,379 — — 19,379 Loans measured for impairment based on the fair value of the underlying collateral (2) 7,268 — — 7,268 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 (2) 16,233 — — 16,233 (1) Primarily consists of $16.8 million of equity investments measured under the measurement alternative, which included a $2.5 million unrealized gain for the three months ended September 30, 2022. (2) 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 nine months ended September 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 September 30, For the Nine Months Ended September 30, 2022 2021 2022 2021 Beginning balance $ — $ 2,978 $ 2,718 $ 2,540 Total losses included in earnings — (622) — (184) Transfers out of Level 3 — — (2,718) — Ending balance $ — $ 2,356 $ — $ 2,356 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 September 30, 2022. During the nine months ended September 30, 2022, the Company executed its right to convert $2.7 million of 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 nine months ended September 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 September 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 September 30, 2022 Financial Assets: Cash and due from banks $ 170,668 $ 170,668 $ — $ — Debt securities held-to-maturity 1,027,712 — 893,044 12,382 Restricted equity investments 77,556 — — 77,556 Loans receivable, net and loans held-for-sale 9,676,037 — — 8,992,317 Financial Liabilities: Deposits other than time deposits 8,555,112 — 8,555,112 — Time deposits 1,404,357 — 1,365,574 — FHLB advances and other borrowings 709,114 — 722,430 — Securities sold under agreements to repurchase with customers 96,289 96,289 — — 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	9 Months Ended
	Sep. 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 $19,000 and $56,000 in commercial loan swap income resulting from the fair value adjustment for the three and nine months ended September 30, 2022, respectively, as compared to gains of $14,000 and $55,000 for the three and nine months ended September 30, 2021, respectively. The notional amount of derivatives not designated as hedging instruments was $1.30 billion and $938.7 million at September 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 September 30, December 31, 2022 2021 Other assets $ 122,605 $ 22,787 Other liabilities 122,618 22,855 Credit Risk-Related Contingent Features

Leases

Leases	9 Months Ended
	Sep. 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): September 30, December 31, 2022 2021 Lease ROU Assets Classification Operating lease ROU assets Other assets $ 19,474 $ 17,442 Finance lease ROU asset Premises and equipment, net 1,347 1,495 Total lease ROU assets $ 20,821 $ 18,937 Lease Liabilities Operating lease liabilities (1) Other liabilities $ 20,430 $ 17,982 Finance lease liability Other borrowings 1,750 1,904 Total lease liabilities $ 22,180 $ 19,886 (1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $8.2 million at both September 30, 2022 and December 31, 2021. 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. September 30, December 31, 2022 2021 Weighted-Average Remaining Lease Term Operating leases 7.04 years 8.22 years Finance lease 6.85 years 7.59 years Weighted-Average Discount Rate Operating leases 2.84 % 2.97 % Finance lease 5.63 5.63 The following table represents lease expenses and other lease information (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Lease Expense Operating lease expense $ 1,159 $ 1,498 $ 3,857 $ 4,459 Finance lease expense: Amortization of ROU assets 49 50 149 149 Interest on lease liabilities (1) 24 28 76 85 Total $ 1,232 $ 1,576 $ 4,082 $ 4,693 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 955 $ 1,322 $ 3,366 $ 4,119 Operating cash flows from finance leases 24 28 76 85 Financing cash flows from finance leases 52 50 154 146 (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 September 30, 2022 were as follows (in thousands): Finance Lease Operating Leases For the Twelve Months Ending September 30, 2023 $ 307 $ 4,268 2024 307 3,790 2025 307 3,841 2026 307 3,075 2027 307 2,198 Thereafter 568 5,721 Total 2,103 22,893 Less: Imputed interest (353) (2,463) Total lease liabilities $ 1,750 $ 20,430
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): September 30, December 31, 2022 2021 Lease ROU Assets Classification Operating lease ROU assets Other assets $ 19,474 $ 17,442 Finance lease ROU asset Premises and equipment, net 1,347 1,495 Total lease ROU assets $ 20,821 $ 18,937 Lease Liabilities Operating lease liabilities (1) Other liabilities $ 20,430 $ 17,982 Finance lease liability Other borrowings 1,750 1,904 Total lease liabilities $ 22,180 $ 19,886 (1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $8.2 million at both September 30, 2022 and December 31, 2021. 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. September 30, December 31, 2022 2021 Weighted-Average Remaining Lease Term Operating leases 7.04 years 8.22 years Finance lease 6.85 years 7.59 years Weighted-Average Discount Rate Operating leases 2.84 % 2.97 % Finance lease 5.63 5.63 The following table represents lease expenses and other lease information (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Lease Expense Operating lease expense $ 1,159 $ 1,498 $ 3,857 $ 4,459 Finance lease expense: Amortization of ROU assets 49 50 149 149 Interest on lease liabilities (1) 24 28 76 85 Total $ 1,232 $ 1,576 $ 4,082 $ 4,693 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 955 $ 1,322 $ 3,366 $ 4,119 Operating cash flows from finance leases 24 28 76 85 Financing cash flows from finance leases 52 50 154 146 (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 September 30, 2022 were as follows (in thousands): Finance Lease Operating Leases For the Twelve Months Ending September 30, 2023 $ 307 $ 4,268 2024 307 3,790 2025 307 3,841 2026 307 3,075 2027 307 2,198 Thereafter 568 5,721 Total 2,103 22,893 Less: Imputed interest (353) (2,463) Total lease liabilities $ 1,750 $ 20,430

Variable Interest Entity

Variable Interest Entity	9 Months Ended
	Sep. 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 September 30, 2022 Cash and cash equivalents $ 33,234 Other assets 1,079 Total assets 34,313 Other liabilities 31,906 Net assets $ 2,407

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events As previously disclosed, on November 4, 2021, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Partners Bancorp (“Partners”) and Coastal Merger Sub Corp. (“Merger Sub”). Pursuant to the terms and subject to the conditions set forth in the Merger Agreement, (i) Merger Sub would merge with and into Partners, with Partners as the surviving entity, and (ii) immediately thereafter, Partners would merge with and into the Company, with the Company as the surviving entity. On November 9, 2022, the Company and Partners entered into a Mutual Termination Agreement (the “Termination Agreement”) pursuant to which, among other things, the Company and Partners mutually agreed to terminate the Merger Agreement and transactions contemplated thereby, which was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on November 9, 2022. Each party will bear its own costs and expenses in connection with the terminated transaction, and neither party will pay a termination fee in connection with the termination of the Merger Agreement. The Termination Agreement also mutually releases the parties from any claims of liability to one another relating to the Merger Agreement and the terminated transaction.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 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)	9 Months Ended
	Sep. 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)	9 Months Ended
	Sep. 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 nine months ended September 30, 2022 and 2021 (in thousands): Three Months Ended Nine Months Ended 2022 2021 2022 2021 Weighted average shares outstanding 59,134 59,722 59,245 60,050 Less: Unallocated ESOP shares (363) (353) (393) (369) Unallocated incentive award shares (90) (58) (75) (62) Average basic shares outstanding 58,681 59,311 58,777 59,619 Add: Effect of dilutive securities: Incentive awards 120 204 141 243 Average diluted shares outstanding 58,801 59,515 58,918 59,862

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 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 September 30, 2022 and December 31, 2021 are as follows (in thousands): Amortized Gross Gross Estimated Allowance for Credit Losses At September 30, 2022 Debt securities available-for-sale: U.S. government and agency obligations $ 107,198 $ (8,099) $ 99,099 $ — Corporate debt securities 5,000 — (628) 4,372 — Asset-backed securities 296,228 — (21,355) 274,873 — Agency commercial mortgage-backed securities (“MBS”) 110,871 — (18,915) 91,956 — Total debt securities available-for-sale $ 519,297 $ — $ (48,997) $ 470,300 $ — Debt securities held-to-maturity: State, municipal and sovereign debt obligations $ 263,614 $ — $ (31,052) $ 232,562 $ (63) Corporate debt securities 59,000 403 (3,135) 56,268 (1,135) Mortgage-backed securities: Agency residential 674,356 103 (89,696) 584,763 — Agency commercial 7,440 6 (279) 7,167 — Non-agency commercial 26,973 — (2,307) 24,666 (36) Total mortgage-backed securities 708,769 109 (92,282) 616,596 (36) Total debt securities held-to-maturity $ 1,031,383 $ 512 $ (126,469) $ 905,426 $ (1,234) Total debt securities $ 1,550,680 $ 512 $ (175,466) $ 1,375,726 $ (1,234) 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 nine months ended September 30, 2022 and 2021 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Allowance for securities credit losses Beginning balance $ (1,293) $ (1,609) $ (1,467) $ (1,715) Credit loss benefit 59 106 233 212 Total ending allowance balance $ (1,234) $ (1,503) $ (1,234) $ (1,503)
Schedule of Debt Securities, Held-to-maturity, Credit Quality Indicator	Under this approach, the amortized cost of debt securities held-to-maturity at September 30, 2022, aggregated by credit quality indicator, are as follows (in thousands): Investment Grade Non-Investment Grade/Non-rated Total As of September 30, 2022 State, municipal and sovereign debt obligations $ 263,614 $ — $ 263,614 Corporate debt securities 43,635 15,365 59,000 Non-agency commercial MBS 26,973 — 26,973 Total debt securities held-to-maturity $ 334,222 $ 15,365 $ 349,587
Carrying Value of Held-to-Maturity Investment Securities	The carrying value of the debt securities held-to-maturity at September 30, 2022 and December 31, 2021 is as follows (in thousands): September 30, December 31, 2022 2021 Amortized cost $ 1,031,383 $ 1,143,548 Net loss on date of transfer from available-for-sale (13,556) (13,556) Allowance for securities credit losses (1,234) (1,467) Accretion of net unrealized loss on securities reclassified as held-to-maturity 11,119 10,668 Carrying value $ 1,027,712 $ 1,139,193 The realized and unrealized gains or losses on equity securities for the three and nine months ended September 30, 2022 and 2021 are shown in the table below (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Net gain (loss) on equity investments $ 3,362 $ (466) $ (7,502) $ 8,397 Less: Net gains recognized on equity securities sold — — 1,351 8,123 Unrealized gain (loss) recognized on equity securities still held $ 3,362 $ (466) $ (8,853) $ 274
Amortized Cost and Estimated Fair Value of Investment Securities by Contractual Maturity	The amortized cost and estimated fair value of debt securities at September 30, 2022 by contractual maturity are shown below (in thousands). September 30, 2022 Amortized Estimated Less than one year $ 55,326 $ 54,972 Due after one year through five years 166,980 154,459 Due after five years through ten years 225,771 205,348 Due after ten years 282,963 252,395 $ 731,040 $ 667,174
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 September 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 September 30, 2022 Debt securities available-for-sale: U.S. government and agency obligations $ 75,464 $ (5,924) $ 23,635 $ (2,175) $ 99,099 $ (8,099) Corporate debt securities 3,496 (504) 877 (124) 4,373 (628) Asset-backed securities 216,926 (16,650) 57,947 (4,705) 274,873 (21,355) Agency commercial MBS 77,878 (16,233) 14,078 (2,682) 91,956 (18,915) Total debt securities available-for-sale 373,764 (39,311) 96,537 (9,686) 470,301 (48,997) Debt securities held-to-maturity: State, municipal and sovereign debt obligations 172,090 (22,460) 58,649 (8,592) 230,739 (31,052) Corporate debt securities 14,142 (319) 36,516 (2,816) 50,658 (3,135) MBS: Agency residential 252,724 (26,933) 318,925 (62,763) 571,649 (89,696) Agency commercial 3,609 (242) 2,092 (37) 5,701 (279) Non-agency commercial 20,512 (1,981) 4,154 (326) 24,666 (2,307) Total MBS 276,845 (29,156) 325,171 (63,126) 602,016 (92,282) Total debt securities held-to-maturity 463,077 (51,935) 420,336 (74,534) 883,413 (126,469) Total debt securities $ 836,841 $ (91,246) $ 516,873 $ (84,220) $ 1,353,714 $ (175,466) 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)	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Summary of Loans Receivable	Loans receivable, net at September 30, 2022 and December 31, 2021 consisted of the following (in thousands): September 30, December 31, 2022 2021 Commercial: Commercial real estate – investor $ 5,007,637 $ 4,378,061 Commercial real estate – owner occupied 983,784 1,055,065 Commercial and industrial (1) 652,620 449,224 Total commercial 6,644,041 5,882,350 Consumer: Residential real estate 2,813,209 2,479,701 Home equity loans and lines and other consumer (“other consumer”) 261,510 260,819 Total consumer 3,074,719 2,740,520 Total loans receivable 9,718,760 8,622,870 Deferred origination costs, net of fees 7,249 9,332 Allowance for loan credit losses (53,521) (48,850) Total loans receivable, net $ 9,672,488 $ 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 September 30, 2022 Commercial real estate - investor Pass $ 936,746 $ 1,354,997 $ 574,752 $ 507,749 $ 214,473 $ 948,538 $ 374,043 $ 4,911,298 Special Mention — — 193 19,021 9,303 8,628 2,188 39,333 Substandard — — — 20,759 — 35,703 544 57,006 Total commercial real estate - investor 936,746 1,354,997 574,945 547,529 223,776 992,869 376,775 5,007,637 Commercial real estate - owner occupied Pass 67,572 118,428 61,004 115,273 90,050 479,174 9,837 941,338 Special Mention — — — — 757 10,018 — 10,775 Substandard — — 3,750 5,730 4,860 16,231 1,100 31,671 Total commercial real estate - owner occupied 67,572 118,428 64,754 121,003 95,667 505,423 10,937 983,784 Commercial and industrial Pass 45,285 25,101 15,232 17,468 11,921 49,371 481,519 645,897 Special Mention — — — — — 262 1,722 1,984 Substandard — — 106 1,586 316 2,606 125 4,739 Total commercial and industrial 45,285 25,101 15,338 19,054 12,237 52,239 483,366 652,620 Residential real estate (1) Pass 829,041 595,233 431,072 253,353 103,330 597,224 — 2,809,253 Special Mention — — — 131 — 1,690 — 1,821 Substandard — — — — 287 1,848 — 2,135 Total residential real estate 829,041 595,233 431,072 253,484 103,617 600,762 — 2,813,209 Other consumer (1) Pass 19,582 25,869 16,332 15,940 42,026 117,718 21,824 259,291 Special Mention — — — 164 22 231 — 417 Substandard — — — — 18 1,784 — 1,802 Total other consumer 19,582 25,869 16,332 16,104 42,066 119,733 21,824 261,510 Total loans $ 1,898,226 $ 2,119,628 $ 1,102,441 $ 957,174 $ 477,363 $ 2,271,026 $ 892,902 $ 9,718,760 (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 nine months ended September 30, 2022 and 2021 is as follows (in thousands): Commercial Commercial Commercial Residential Other Consumer Total For the three months ended September 30, 2022 Allowance for credit losses on loans Balance at beginning of period $ 22,608 $ 5,021 $ 5,240 $ 18,196 $ 996 $ 52,061 Credit loss expense (benefit) 82 (1,047) 554 1,618 1 1,208 Charge-offs (3) — — — (2) (5) Recoveries 3 48 69 44 93 257 Balance at end of period $ 22,690 $ 4,022 $ 5,863 $ 19,858 $ 1,088 $ 53,521 For the three months ended September 30, 2021 Allowance for credit losses on loans Balance at beginning of period $ 33,037 $ 6,350 $ 4,404 $ 8,818 $ 1,267 $ 53,876 Credit loss (benefit) expense (9,902) 515 1,962 3,081 235 (4,109) Charge-offs — (64) (50) (12) (37) (163) Recoveries 5 26 50 292 176 549 Balance at end of period $ 23,140 $ 6,827 $ 6,366 $ 12,179 $ 1,641 $ 50,153 For the nine months ended September 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 (2,865) (2,003) 720 8,612 (128) 4,336 Charge-offs (3) (18) — (56) (358) (435) Recoveries 54 159 104 147 306 770 Balance at end of period $ 22,690 $ 4,022 $ 5,863 $ 19,858 $ 1,088 $ 53,521 For the nine months ended September 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 (benefit) expense (3,336) (8,225) 958 284 (705) (11,024) Charge-offs (345) (64) (83) (254) (193) (939) Recoveries 118 62 101 331 769 1,381 Balance at end of period $ 23,140 $ 6,827 $ 6,366 $ 12,179 $ 1,641 $ 50,153
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 September 30, 2022 and December 31, 2021 (in thousands): September 30, December 31, 2022 2021 Commercial real estate – investor $ 9,866 $ 3,614 Commercial real estate – owner occupied 1,976 11,904 Commercial and industrial 321 277 Residential real estate 5,958 6,114 Other consumer 3,377 3,585 $ 21,498 $ 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 September 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 September 30, 2022 Commercial real estate – investor $ — $ 968 $ 2,025 $ 2,993 $ 5,004,644 $ 5,007,637 Commercial real estate – owner occupied 428 5,613 85 6,126 977,658 983,784 Commercial and industrial 1,472 450 — 1,922 650,698 652,620 Residential real estate 6 1,821 2,136 3,963 2,809,246 2,813,209 Other consumer 671 417 1,801 2,889 258,621 261,510 $ 2,577 $ 9,269 $ 6,047 $ 17,893 $ 9,700,867 $ 9,718,760 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 nine months ended September 30, 2022 and 2021 (dollars in thousands): Number of Loans Pre-modification Post-modification Three months ended September 30, 2022 Troubled debt restructurings: Other consumer 3 $ 114 $ 124 Three months ended September 30, 2021 Troubled debt restructurings: Commercial real estate - owner occupied 1 $ 93 $ 110 Nine months ended September 30, 2022 Troubled debt restructurings: Commercial and industrial 1 $ 65 $ 65 Other consumer 6 1,105 1,233 Nine months ended September 30, 2021 Troubled debt restructurings: Commercial real estate – investor 1 $ 4,903 $ 4,903 Commercial real estate - owner occupied 1 93 110 Residential real estate 3 244 336 Other consumer 2 26 33

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2022
Banking and Thrift, Other Disclosure [Abstract]
Summary of Major Types of Deposits	The major types of deposits at September 30, 2022 and December 31, 2021 were as follows (in thousands): Type of Account September 30, December 31, 2022 2021 Non-interest-bearing $ 2,325,547 $ 2,412,056 Interest-bearing checking 3,909,864 4,201,736 Money market deposit 749,229 736,090 Savings 1,570,472 1,607,933 Time deposits 1,404,357 775,001 Total deposits $ 9,959,469 $ 9,732,816

Borrowed Funds (Tables)

Borrowed Funds (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Summary of Borrowed Funds	Borrowed funds at September 30, 2022 and December 31, 2021 were as follows (in thousands): September 30, December 31, 2022 2021 FHLB advances $ 514,200 $ — Securities sold under agreements to repurchase with customers 96,289 118,769 Other borrowings 194,914 229,141 Total borrowed funds $ 805,403 $ 347,910

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 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 September 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 September 30, 2022 Items measured on a recurring basis: Debt securities available-for-sale $ 470,300 $ — $ 470,300 $ — Equity investments 62,343 566 61,777 — Interest rate derivative asset 122,605 — 122,605 — Interest rate derivative liability (122,618) — (122,618) — Items measured on a non-recurring basis: Equity investments (1) 19,379 — — 19,379 Loans measured for impairment based on the fair value of the underlying collateral (2) 7,268 — — 7,268 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 (2) 16,233 — — 16,233 (1) Primarily consists of $16.8 million of equity investments measured under the measurement alternative, which included a $2.5 million unrealized gain for the three months ended September 30, 2022.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following table reconciles, for the three and nine months ended September 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 September 30, For the Nine Months Ended September 30, 2022 2021 2022 2021 Beginning balance $ — $ 2,978 $ 2,718 $ 2,540 Total losses included in earnings — (622) — (184) Transfers out of Level 3 — — (2,718) — Ending balance $ — $ 2,356 $ — $ 2,356
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 September 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 September 30, 2022 Financial Assets: Cash and due from banks $ 170,668 $ 170,668 $ — $ — Debt securities held-to-maturity 1,027,712 — 893,044 12,382 Restricted equity investments 77,556 — — 77,556 Loans receivable, net and loans held-for-sale 9,676,037 — — 8,992,317 Financial Liabilities: Deposits other than time deposits 8,555,112 — 8,555,112 — Time deposits 1,404,357 — 1,365,574 — FHLB advances and other borrowings 709,114 — 722,430 — Securities sold under agreements to repurchase with customers 96,289 96,289 — — 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)	9 Months Ended
	Sep. 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 September 30, December 31, 2022 2021 Other assets $ 122,605 $ 22,787 Other liabilities 122,618 22,855

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 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): September 30, December 31, 2022 2021 Lease ROU Assets Classification Operating lease ROU assets Other assets $ 19,474 $ 17,442 Finance lease ROU asset Premises and equipment, net 1,347 1,495 Total lease ROU assets $ 20,821 $ 18,937 Lease Liabilities Operating lease liabilities (1) Other liabilities $ 20,430 $ 17,982 Finance lease liability Other borrowings 1,750 1,904 Total lease liabilities $ 22,180 $ 19,886 (1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $8.2 million at both September 30, 2022 and December 31, 2021.
Schedule of Weighted Average Remaining Lease Term and Discount Rate	September 30, December 31, 2022 2021 Weighted-Average Remaining Lease Term Operating leases 7.04 years 8.22 years Finance lease 6.85 years 7.59 years Weighted-Average Discount Rate Operating leases 2.84 % 2.97 % Finance lease 5.63 5.63
Schedule of Lease Costs and Other Lease Information	The following table represents lease expenses and other lease information (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Lease Expense Operating lease expense $ 1,159 $ 1,498 $ 3,857 $ 4,459 Finance lease expense: Amortization of ROU assets 49 50 149 149 Interest on lease liabilities (1) 24 28 76 85 Total $ 1,232 $ 1,576 $ 4,082 $ 4,693 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 955 $ 1,322 $ 3,366 $ 4,119 Operating cash flows from finance leases 24 28 76 85 Financing cash flows from finance leases 52 50 154 146 (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 September 30, 2022 were as follows (in thousands): Finance Lease Operating Leases For the Twelve Months Ending September 30, 2023 $ 307 $ 4,268 2024 307 3,790 2025 307 3,841 2026 307 3,075 2027 307 2,198 Thereafter 568 5,721 Total 2,103 22,893 Less: Imputed interest (353) (2,463) Total lease liabilities $ 1,750 $ 20,430
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 September 30, 2022 were as follows (in thousands): Finance Lease Operating Leases For the Twelve Months Ending September 30, 2023 $ 307 $ 4,268 2024 307 3,790 2025 307 3,841 2026 307 3,075 2027 307 2,198 Thereafter 568 5,721 Total 2,103 22,893 Less: Imputed interest (353) (2,463) Total lease liabilities $ 1,750 $ 20,430

Variable Interest Entity (Table

Variable Interest Entity (Tables)	9 Months Ended
	Sep. 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 September 30, 2022 Cash and cash equivalents $ 33,234 Other assets 1,079 Total assets 34,313 Other liabilities 31,906 Net assets $ 2,407

Business Combinations - Additio

Business Combinations - Additional Information (Details) - USD ($) $ in Thousands	Apr. 01, 2022	Sep. 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	Sep. 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Weighted average shares outstanding (in shares)	59,134	59,722	59,245	60,050
Less: Unallocated ESOP shares (in shares)	(363)	(353)	(393)	(369)
Unallocated incentive award shares (in shares)	(90)	(58)	(75)	(62)
Average basic shares outstanding (in shares)	58,681	59,311	58,777	59,619
Add: Effect of dilutive securities:
Incentive awards (in shares)	120	204	141	243
Average diluted shares outstanding (in shares)	58,801	59,515	58,918	59,862

Earnings per Share - Additional

Earnings per Share - Additional Information (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Antidilutive stock options excluded from earnings per share calculations (in shares)	1,552	1,573	1,552	1,566

Securities - Amortized Cost and

Securities - Amortized Cost and Estimated Fair Value of Securities Available-for-Sale and Held-to-Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Securities Financing Transaction [Line Items]
Available-for-sale, amortized cost	$ 519,297		$ 569,874
Available-for-sale, gross unrealized gains	0		1,275
Available-for-sale, gross unrealized losses	(48,997)		(2,894)
Available-for-sale, fair value	470,300		568,255
Allowance for Credit Losses	0		0
Amortized Cost	1,031,383		1,143,548
Held-to-maturity, gross unrealized gains	512		18,967
Held-to-maturity, gross unrealized losses	(126,469)		(9,771)
Debt securities held-to-maturity	905,426		1,152,744
Allowance for Credit Losses	(1,234)	$ (1,293)	(1,467)	$ (1,503)	$ (1,609)	$ (1,715)
Total, amortized cost	1,550,680		1,713,422
Total, gross unrealized gains	512		20,242
Total, gross unrealized losses	(175,466)		(12,665)
Total, estimated fair value	1,375,726		1,720,999
U.S. government and agency obligations
Securities Financing Transaction [Line Items]
Available-for-sale, amortized cost	107,198		164,756
Available-for-sale, gross unrealized gains			1,135
Available-for-sale, gross unrealized losses	(8,099)		(471)
Available-for-sale, fair value	99,099		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	(628)		(11)
Available-for-sale, fair value	4,372		5,031
Allowance for Credit Losses	0		0
Amortized Cost	59,000		68,823
Held-to-maturity, gross unrealized gains	403		1,628
Held-to-maturity, gross unrealized losses	(3,135)		(1,279)
Debt securities held-to-maturity	56,268		69,172
Allowance for Credit Losses	(1,135)		(1,343)
Asset-backed securities
Securities Financing Transaction [Line Items]
Available-for-sale, amortized cost	296,228		298,976
Available-for-sale, gross unrealized gains	0		41
Available-for-sale, gross unrealized losses	(21,355)		(1,489)
Available-for-sale, fair value	274,873		297,528
Allowance for Credit Losses	0		0
Agency commercial
Securities Financing Transaction [Line Items]
Available-for-sale, amortized cost	110,871		101,142
Available-for-sale, gross unrealized gains	0		57
Available-for-sale, gross unrealized losses	(18,915)		(923)
Available-for-sale, fair value	91,956		100,276
Allowance for Credit Losses	0		0
Amortized Cost	7,440		4,385
Held-to-maturity, gross unrealized gains	6		7
Held-to-maturity, gross unrealized losses	(279)		(44)
Debt securities held-to-maturity	7,167		4,348
Allowance for Credit Losses	0		0
State, municipal and sovereign debt obligations
Securities Financing Transaction [Line Items]
Amortized Cost	263,614		281,389
Held-to-maturity, gross unrealized gains	0		10,185
Held-to-maturity, gross unrealized losses	(31,052)		(1,164)
Debt securities held-to-maturity	232,562		290,410
Allowance for Credit Losses	(63)		(85)
Agency residential
Securities Financing Transaction [Line Items]
Amortized Cost	674,356		756,844
Held-to-maturity, gross unrealized gains	103		6,785
Held-to-maturity, gross unrealized losses	(89,696)		(7,180)
Debt securities held-to-maturity	584,763		756,449
Allowance for Credit Losses	0		0
Non-agency commercial
Securities Financing Transaction [Line Items]
Amortized Cost	26,973		32,107
Held-to-maturity, gross unrealized gains	0		362
Held-to-maturity, gross unrealized losses	(2,307)		(104)
Debt securities held-to-maturity	24,666		32,365
Allowance for Credit Losses	(36)		(39)
Total mortgage-backed securities
Securities Financing Transaction [Line Items]
Amortized Cost	708,769		793,336
Held-to-maturity, gross unrealized gains	109		7,154
Held-to-maturity, gross unrealized losses	(92,282)		(7,328)
Debt securities held-to-maturity	616,596		793,162
Allowance for Credit Losses	$ (36)		$ (39)

Securities - Allowance for Cred

Securities - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Allowance for securities credit losses
Beginning balance	$ (1,293)	$ (1,609)	$ (1,467)	$ (1,715)
Credit loss benefit	59	106	233	212
Total ending allowance balance	$ (1,234)	$ (1,503)	$ (1,234)	$ (1,503)

Securities - Credit Quality Ind

Securities - Credit Quality Indicator (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Investment and Mortgage-Backed Securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	$ 349,587
Investment Grade | Investment and Mortgage-Backed Securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	334,222
Non-Investment Grade/Non-rated | Investment and Mortgage-Backed Securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	15,365
State, municipal and sovereign debt obligations | Investment securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	263,614
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	263,614
State, municipal and sovereign debt obligations | Non-Investment Grade/Non-rated | Investment securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	0
Corporate debt securities | Investment securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	59,000
Corporate debt securities | Investment Grade | Investment securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	43,635
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	15,365
Non-agency commercial MBS | Non-agency commercial
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	26,973
Non-agency commercial MBS | Investment Grade | Non-agency commercial
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	26,973
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		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 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)	$ 131,000	$ 0	$ 23,000	$ 0
Debt securities, held to maturity	1,027,712,000		1,027,712,000		1,139,193,000
Equity investments	81,722,000		81,722,000		101,155,000
Federal Home Loan Bank Advances, Federal Reserve Discount Window And Other Borrowings
Debt Securities, Available-for-sale [Line Items]
Debt securities, held to maturity	866,500,000		866,500,000		1,140,000,000
Securities Sold under Agreements to Repurchase
Debt Securities, Available-for-sale [Line Items]
Debt securities, held to maturity	105,500,000		105,500,000		$ 142,900,000
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Debt securities, amortized cost	56,000,000		56,000,000
Debt securities, fair value	52,700,000		52,700,000
State, municipal and sovereign debt obligations
Debt Securities, Available-for-sale [Line Items]
Debt securities, amortized cost	75,000,000		75,000,000
Debt securities, fair value	68,700,000		68,700,000
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Debt securities, amortized cost	296,200,000		296,200,000
Debt securities, fair value	$ 274,900,000		$ 274,900,000

Securities - Carrying Value of

Securities - Carrying Value of Held-to-Maturity Investment Securities (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Jun. 30, 2022	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Amortized cost	$ 1,031,383	$ 1,143,548
Net loss on date of transfer from available-for-sale	(13,556)	(13,556)
Allowance for securities credit losses	(1,234)	(1,467)	$ (1,293)	$ (1,503)	$ (1,609)	$ (1,715)
Accretion of net unrealized loss on securities reclassified as held-to-maturity	11,119	10,668
Carrying value	$ 1,027,712	$ 1,139,193

Securities - Amortized Cost a_2

Securities - Amortized Cost and Estimated Fair Value of Investment Securities by Contractual Maturity (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Amortized Cost
Less than one year	$ 55,326
Due after one year through five years	166,980
Due after five years through ten years	225,771
Due after ten years	282,963
Total amortized cost	731,040
Estimated Fair Value
Less than one year	54,972
Due after one year through five years	154,459
Due after five years through ten years	205,348
Due after ten years	252,395
Total estimated fair value	$ 667,174

Securities - Estimated Fair Val

Securities - Estimated Fair Value and Unrealized Loss for Securities Available-for-Sale and Held-to-Maturity (Details) - USD ($) $ in Thousands	Sep. 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	$ 373,764	$ 444,596
Available-for-sale, Less than 12 months, Unrealized Losses	(39,311)	(2,894)
Available-for-sale, 12 months or Longer, Estimated Fair Value	96,537	0
Available-for-sale, 12 months or longer, Unrealized Losses	(9,686)	0
Available-for-sale, Total, Estimated Fair Value	470,301	444,596
Available-for-sale, Total, Unrealized Losses	(48,997)	(2,894)
Held-to-maturity, Less than 12 months, Estimated Fair Value	463,077	572,009
Held-to-maturity, Less than 12 months, Unrealized Losses	(51,935)	(8,309)
Held-to-maturity, 12 months or longer, Estimated Fair Value	420,336	55,402
Held-to-maturity, 12 months or longer, Unrealized Losses	(74,534)	(1,462)
Held-to-maturity, Total, Estimated Fair Value	883,413	627,411
Held-to-maturity, total, unrealized losses	(126,469)	(9,771)
Total securities, Less than 12 months, Estimated Fair Value	836,841	1,016,605
Total securities, Less than 12 months, Unrealized Losses	(91,246)	(11,203)
Total securities, 12 months or longer, Estimated Fair Value	516,873	55,402
Total securities, 12 months or longer, Unrealized Losses	(84,220)	(1,462)
Total securities, Estimated Fair Value	1,353,714	1,072,007
Total securities, Unrealized Losses	(175,466)	(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	75,464	82,395
Available-for-sale, Less than 12 months, Unrealized Losses	(5,924)	(471)
Available-for-sale, 12 months or Longer, Estimated Fair Value	23,635	0
Available-for-sale, 12 months or longer, Unrealized Losses	(2,175)	0
Available-for-sale, Total, Estimated Fair Value	99,099	82,395
Available-for-sale, Total, Unrealized Losses	(8,099)	(471)
Corporate debt securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, total, unrealized losses	(3,135)	(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	3,496	1,989
Available-for-sale, Less than 12 months, Unrealized Losses	(504)	(11)
Available-for-sale, 12 months or Longer, Estimated Fair Value	877	0
Available-for-sale, 12 months or longer, Unrealized Losses	(124)	0
Available-for-sale, Total, Estimated Fair Value	4,373	1,989
Available-for-sale, Total, Unrealized Losses	(628)	(11)
Held-to-maturity, Less than 12 months, Estimated Fair Value	14,142	38,304
Held-to-maturity, Less than 12 months, Unrealized Losses	(319)	(1,279)
Held-to-maturity, 12 months or longer, Estimated Fair Value	36,516	0
Held-to-maturity, 12 months or longer, Unrealized Losses	(2,816)	0
Held-to-maturity, Total, Estimated Fair Value	50,658	38,304
Held-to-maturity, total, unrealized losses	(3,135)	(1,279)
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	216,926	279,486
Available-for-sale, Less than 12 months, Unrealized Losses	(16,650)	(1,489)
Available-for-sale, 12 months or Longer, Estimated Fair Value	57,947	0
Available-for-sale, 12 months or longer, Unrealized Losses	(4,705)	0
Available-for-sale, Total, Estimated Fair Value	274,873	279,486
Available-for-sale, Total, Unrealized Losses	(21,355)	(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	276,845	458,376
Held-to-maturity, Less than 12 months, Unrealized Losses	(29,156)	(5,967)
Held-to-maturity, 12 months or longer, Estimated Fair Value	325,171	51,019
Held-to-maturity, 12 months or longer, Unrealized Losses	(63,126)	(1,361)
Held-to-maturity, Total, Estimated Fair Value	602,016	509,395
Held-to-maturity, total, unrealized losses	(92,282)	(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	77,878	80,726
Available-for-sale, Less than 12 months, Unrealized Losses	(16,233)	(923)
Available-for-sale, 12 months or Longer, Estimated Fair Value	14,078	0
Available-for-sale, 12 months or longer, Unrealized Losses	(2,682)	0
Available-for-sale, Total, Estimated Fair Value	91,956	80,726
Available-for-sale, Total, Unrealized Losses	(18,915)	(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	252,724	445,399
Held-to-maturity, Less than 12 months, Unrealized Losses	(26,933)	(5,822)
Held-to-maturity, 12 months or longer, Estimated Fair Value	318,925	50,133
Held-to-maturity, 12 months or longer, Unrealized Losses	(62,763)	(1,358)
Held-to-maturity, Total, Estimated Fair Value	571,649	495,532
Held-to-maturity, total, unrealized losses	(89,696)	(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	3,609	2,255
Held-to-maturity, Less than 12 months, Unrealized Losses	(242)	(41)
Held-to-maturity, 12 months or longer, Estimated Fair Value	2,092	886
Held-to-maturity, 12 months or longer, Unrealized Losses	(37)	(3)
Held-to-maturity, Total, Estimated Fair Value	5,701	3,141
Held-to-maturity, total, unrealized losses	(279)	(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	20,512	10,722
Held-to-maturity, Less than 12 months, Unrealized Losses	(1,981)	(104)
Held-to-maturity, 12 months or longer, Estimated Fair Value	4,154	0
Held-to-maturity, 12 months or longer, Unrealized Losses	(326)	0
Held-to-maturity, Total, Estimated Fair Value	24,666	10,722
Held-to-maturity, total, unrealized losses	(2,307)	(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	(31,052)	(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	172,090	75,329
Held-to-maturity, Less than 12 months, Unrealized Losses	(22,460)	(1,063)
Held-to-maturity, 12 months or longer, Estimated Fair Value	58,649	4,383
Held-to-maturity, 12 months or longer, Unrealized Losses	(8,592)	(101)
Held-to-maturity, Total, Estimated Fair Value	230,739	79,712
Held-to-maturity, total, unrealized losses	$ (31,052)	$ (1,164)

Securities - Equity Securities

Securities - Equity Securities Realized Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Net gain (loss) on equity investments	$ 3,362	$ (466)	$ (7,502)	$ 8,397
Less: Net gains recognized on equity securities sold	0	0	1,351	8,123
Unrealized gain (loss) recognized on equity securities still held	$ 3,362	$ (466)	$ (8,853)	$ 274

Loans Receivable, Net - Compone

Loans Receivable, Net - Components of Loans Receivable, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	$ 9,718,760		$ 8,622,870
Deferred origination costs, net of fees	7,249		9,332
Allowance for loan credit losses	(53,521)	$ (52,061)	(48,850)	$ (50,153)	$ (53,876)	$ (60,735)
Total loans receivable, net	9,672,488		8,583,352
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	6,644,041		5,882,350
Commercial | Commercial real estate – investor
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	5,007,637		4,378,061
Commercial | Commercial real estate – owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	983,784		1,055,065
Commercial | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	652,620		449,224
Commercial | Commercial and industrial | Paycheck Protection Program
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	3,000		22,900
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	3,074,719		2,740,520
Allowance for loan credit losses	(1,088)	$ (996)	(1,268)	$ (1,641)	$ (1,267)	$ (1,770)
Consumer | Residential real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	2,813,209		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	$ 261,510		$ 260,819

Loans Receivable, Net - Credit

Loans Receivable, Net - Credit Grades and Risk Characteristics (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	$ 1,898,226	$ 2,449,710
Year two	2,119,628	1,202,923
Year three	1,102,441	1,061,158
Year four	957,174	585,795
Year five	477,363	634,834
Year six and prior	2,271,026	2,138,982
Revolving lines of credit	892,902	549,468
Total	9,718,760	8,622,870
Commercial real estate – investor
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	936,746	1,387,753
Year two	1,354,997	614,183
Year three	574,945	588,147
Year four	547,529	284,530
Year five	223,776	386,872
Year six and prior	992,869	856,980
Revolving lines of credit	376,775	259,596
Total	5,007,637	4,378,061
Commercial real estate – investor | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	936,746	1,387,753
Year two	1,354,997	609,916
Year three	574,752	535,551
Year four	507,749	274,662
Year five	214,473	375,646
Year six and prior	948,538	800,089
Revolving lines of credit	374,043	255,613
Total	4,911,298	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	193	23,794
Year four	19,021	9,400
Year five	9,303	2,731
Year six and prior	8,628	28,663
Revolving lines of credit	2,188	582
Total	39,333	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	20,759	468
Year five	0	8,495
Year six and prior	35,703	28,228
Revolving lines of credit	544	3,401
Total	57,006	73,661
Commercial real estate – owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	67,572	116,355
Year two	118,428	71,196
Year three	64,754	140,743
Year four	121,003	103,909
Year five	95,667	115,317
Year six and prior	505,423	495,913
Revolving lines of credit	10,937	11,632
Total	983,784	1,055,065
Commercial real estate – owner occupied | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	67,572	116,355
Year two	118,428	71,196
Year three	61,004	125,212
Year four	115,273	91,531
Year five	90,050	109,232
Year six and prior	479,174	449,966
Revolving lines of credit	9,837	10,913
Total	941,338	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	757	479
Year six and prior	10,018	14,371
Revolving lines of credit	0	2
Total	10,775	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	3,750	14,166
Year four	5,730	8,549
Year five	4,860	5,606
Year six and prior	16,231	31,576
Revolving lines of credit	1,100	717
Total	31,671	60,614
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	45,285	42,955
Year two	25,101	23,030
Year three	15,338	25,390
Year four	19,054	17,567
Year five	12,237	8,954
Year six and prior	52,239	53,088
Revolving lines of credit	483,366	278,240
Total	652,620	449,224
Commercial and industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	45,285	42,955
Year two	25,101	22,573
Year three	15,232	22,878
Year four	17,468	16,404
Year five	11,921	8,671
Year six and prior	49,371	50,887
Revolving lines of credit	481,519	271,818
Total	645,897	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	0	350
Year five	0	85
Year six and prior	262	172
Revolving lines of credit	1,722	3,645
Total	1,984	4,483
Commercial and industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	457
Year three	106	2,281
Year four	1,586	813
Year five	316	198
Year six and prior	2,606	2,029
Revolving lines of credit	125	2,777
Total	4,739	8,555
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	261,510	260,819
Consumer | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	829,041	876,135
Year two	595,233	475,346
Year three	431,072	288,699
Year four	253,484	127,817
Year five	103,617	105,736
Year six and prior	600,762	605,968
Revolving lines of credit	0	0
Total	2,813,209	2,479,701
Consumer | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	19,582	26,512
Year two	25,869	19,168
Year three	16,332	18,179
Year four	16,104	51,972
Year five	42,066	17,955
Year six and prior	119,733	127,033
Revolving lines of credit	21,824	0
Total	261,510	260,819
Consumer | Pass | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	829,041	876,135
Year two	595,233	475,134
Year three	431,072	288,699
Year four	253,353	127,756
Year five	103,330	105,385
Year six and prior	597,224	602,331
Revolving lines of credit	0	0
Total	2,809,253	2,475,440
Consumer | Pass | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	19,582	26,512
Year two	25,869	19,168
Year three	16,332	18,179
Year four	15,940	51,954
Year five	42,026	17,955
Year six and prior	117,718	123,783
Revolving lines of credit	21,824	0
Total	259,291	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	131	61
Year five	0	0
Year six and prior	1,690	1,313
Revolving lines of credit	0	0
Total	1,821	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	164	0
Year five	22	0
Year six and prior	231	322
Revolving lines of credit	0	0
Total	417	322
Consumer | Substandard | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	287	351
Year six and prior	1,848	2,324
Revolving lines of credit	0	0
Total	2,135	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	1,784	2,928
Revolving lines of credit	0	0
Total	$ 1,802	$ 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Allowance for credit losses on loans
Balance at beginning of period	$ 52,061	$ 53,876	$ 48,850	$ 60,735
Credit loss expense (benefit)	1,208	(4,109)	4,336	(11,024)
Charge-offs	(5)	(163)	(435)	(939)
Recoveries	257	549	770	1,381
Balance at end of period	53,521	50,153	53,521	50,153
Commercial Real Estate – Investor
Allowance for credit losses on loans
Balance at beginning of period	22,608	33,037	25,504	26,703
Credit loss expense (benefit)	82	(9,902)	(2,865)	(3,336)
Charge-offs	(3)	0	(3)	(345)
Recoveries	3	5	54	118
Balance at end of period	22,690	23,140	22,690	23,140
Commercial real estate – owner occupied
Allowance for credit losses on loans
Balance at beginning of period	5,021	6,350	5,884	15,054
Credit loss expense (benefit)	(1,047)	515	(2,003)	(8,225)
Charge-offs	0	(64)	(18)	(64)
Recoveries	48	26	159	62
Balance at end of period	4,022	6,827	4,022	6,827
Commercial and industrial
Allowance for credit losses on loans
Balance at beginning of period	5,240	4,404	5,039	5,390
Credit loss expense (benefit)	554	1,962	720	958
Charge-offs	0	(50)	0	(83)
Recoveries	69	50	104	101
Balance at end of period	5,863	6,366	5,863	6,366
Residential Real Estate
Allowance for credit losses on loans
Balance at beginning of period	18,196	8,818	11,155	11,818
Credit loss expense (benefit)	1,618	3,081	8,612	284
Charge-offs	0	(12)	(56)	(254)
Recoveries	44	292	147	331
Balance at end of period	19,858	12,179	19,858	12,179
Other consumer
Allowance for credit losses on loans
Balance at beginning of period	996	1,267	1,268	1,770
Credit loss expense (benefit)	1	235	(128)	(705)
Charge-offs	(2)	(37)	(358)	(193)
Recoveries	93	176	306	769
Balance at end of period	$ 1,088	$ 1,641	$ 1,088	$ 1,641

Loans Receivable, Net - Additio

Loans Receivable, Net - Additional Information (Details)	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2021 USD ($) loan	Sep. 30, 2022 USD ($) loan	Sep. 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		$ 16,100,000		23,600,000
Non-accrual loan total troubled debt restructurings		10,000,000		11,300,000
Specific reserves to loans accruing troubled debt restructurings		667,000		0
Financing receivable impaired troubled debt restructuring performing loan amount		$ 6,100,000		12,300,000
Paycheck Protection Program
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans | loan		1
Financing receivable commitments to lend additional funds on non accrual loans		$ 21,000
Commercial Real Estate – Investor
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount		3,900,000		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		2,000,000		11,900,000
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount		321,000		277,000
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount		1,100,000		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	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	$ 21,498	$ 25,494
Commercial real estate – investor
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	9,866	3,614
Commercial real estate – owner occupied
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	1,976	11,904
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	321	277
Residential real estate
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	5,958	6,114
Other consumer
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	$ 3,377	$ 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	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Total loans receivable	$ 9,718,760	$ 8,622,870
Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	17,893	22,728
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	2,577	12,385
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	9,269	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	9,700,867	8,600,142
Commercial real estate – investor
Financing Receivable, Past Due [Line Items]
Total loans receivable	5,007,637	4,378,061
Commercial real estate – investor | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	2,993	3,528
Commercial real estate – investor | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	0	1,717
Commercial real estate – investor | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	968	102
Commercial real estate – investor | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	2,025	1,709
Commercial real estate – investor | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	5,004,644	4,374,533
Commercial real estate – owner occupied
Financing Receivable, Past Due [Line Items]
Total loans receivable	983,784	1,055,065
Commercial real estate – owner occupied | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	6,126	1,174
Commercial real estate – owner occupied | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	428	599
Commercial real estate – owner occupied | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	5,613	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	977,658	1,053,891
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Total loans receivable	652,620	449,224
Commercial and industrial | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,922	453
Commercial and industrial | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,472	25
Commercial and industrial | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	450	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	650,698	448,771
Residential real estate
Financing Receivable, Past Due [Line Items]
Total loans receivable	2,813,209	2,479,701
Residential real estate | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	3,963	13,966
Residential real estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	6	9,705
Residential real estate | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,821	1,586
Residential real estate | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	2,136	2,675
Residential real estate | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	2,809,246	2,465,735
Other consumer
Financing Receivable, Past Due [Line Items]
Total loans receivable	261,510	260,819
Other consumer | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	2,889	3,607
Other consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	671	339
Other consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	417	322
Other consumer | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,801	2,946
Other consumer | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	$ 258,621	$ 257,212

Loans Receivable, Net - Trouble

Loans Receivable, Net - Troubled Debt Restructurings (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) loan	Sep. 30, 2021 USD ($) loan	Sep. 30, 2022 USD ($) loan	Sep. 30, 2021 USD ($) loan
Other consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	3		6	2
Pre-modification Recorded Investment	$ 114		$ 1,105	$ 26
Post-modification Recorded Investment	$ 124		$ 1,233	$ 33
Commercial real estate – owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan		1		1
Pre-modification Recorded Investment		$ 93		$ 93
Post-modification Recorded Investment		$ 110		$ 110
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
Commercial real estate – investor
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan				1
Pre-modification Recorded Investment				$ 4,903
Post-modification Recorded Investment				$ 4,903
Residential Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan				3
Pre-modification Recorded Investment				$ 244
Post-modification Recorded Investment				$ 336

Deposits - Summary of Major Typ

Deposits - Summary of Major Types of Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Banking and Thrift, Other Disclosure [Abstract]
Non-interest-bearing	$ 2,325,547	$ 2,412,056
Interest-bearing checking	3,909,864	4,201,736
Money market deposit	749,229	736,090
Savings	1,570,472	1,607,933
Time deposits	1,404,357	775,001
Total deposits	$ 9,959,469	$ 9,732,816

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Banking and Thrift, Other Disclosure [Abstract]
Time deposits, $250,000 and over	$ 94.1	$ 145.4
Time deposits also include brokered deposits	$ 828.7	$ 25

Borrowed Funds - Summary of Bor

Borrowed Funds - Summary of Borrowed Funds (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
FHLB advances	$ 514,200	$ 0
Securities sold under agreements to repurchase with customers	96,289	118,769
Other borrowings	194,914	229,141
Total borrowed funds	$ 805,403	$ 347,910

Borrowed Funds - Additional Inf

Borrowed Funds - Additional Information (Details) - USD ($) $ in Millions	1 Months Ended
	Mar. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
FHLB short-term advances		$ 500	$ 0
FHLB advances overnight borrowing		$ 14.2	$ 0
Maturing September 30, 2026 | Subordinated Debt
Debt Instrument [Line Items]
Net proceeds from issuance of subordinated notes	$ 35
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	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	$ 0		$ 0		$ 106
Unrealized gain (loss) recognized on equity securities still held	3,362	$ (466)	$ (8,853)	$ 274
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	470,300		$ 470,300		$ 568,255
Equity investments	62,343		62,343		90,726
Interest rate derivative asset	122,605		122,605		22,787
Interest rate derivative liability	(122,618)		(122,618)		(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		0
Equity investments	566		566		14,608
Interest rate derivative asset	0		0		0
Interest rate derivative liability	0		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	470,300		470,300		568,255
Equity investments	61,777		61,777		73,400
Interest rate derivative asset	122,605		122,605		22,787
Interest rate derivative liability	(122,618)		(122,618)		(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		0
Equity investments	0		0		2,718
Interest rate derivative asset	0		0		0
Interest rate derivative liability	0		0		0
Items measured on a non-recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	19,379		19,379		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	7,268		7,268		16,233
Items measured on a non-recurring basis | Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	0		0		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		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		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		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	19,379		19,379		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	7,268		7,268		$ 16,233
Items measured on a non-recurring basis | Fair Value Measured at Net Asset Value Per Share
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	16,800		$ 16,800
Unrealized gain (loss) recognized on equity securities still held	$ 2,500

Fair Value Measurements - Debt

Fair Value Measurements - Debt Securities Available for Sale Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 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	$ 2,978	2,718	$ 2,540
Total losses included in earnings	0	(622)	0	(184)
Transfers out of Level 3	0	0	(2,718)	0
Ending balance	$ 0	$ 2,356	$ 0	$ 2,356

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	Sep. 30, 2022	Dec. 31, 2021
Financial Assets:
Debt securities held-to-maturity	$ 905,426	$ 1,152,744
Restricted equity investments	77,556	53,195
Financial Liabilities:
Time deposits	1,404,357	775,001
Securities sold under agreements to repurchase with customers	96,289	118,769
Level 1 Inputs
Financial Assets:
Cash and due from banks	170,668	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	96,289	118,769
Level 2 Inputs
Financial Assets:
Cash and due from banks	0	0
Debt securities held-to-maturity	893,044	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	8,555,112	8,957,815
Time deposits	1,365,574	773,766
FHLB advances and other borrowings	722,430	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	12,382	14,215
Restricted equity investments	77,556	53,195
Loans receivable, net and loans held-for-sale	8,992,317	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
Book Value
Financial Assets:
Cash and due from banks	170,668	204,949
Debt securities held-to-maturity	1,027,712	1,139,193
Restricted equity investments	77,556	53,195
Loans receivable, net and loans held-for-sale	9,676,037	8,583,352
Financial Liabilities:
Deposits other than time deposits	8,555,112	8,957,815
Time deposits	1,404,357	775,001
FHLB advances and other borrowings	709,114	229,141
Securities sold under agreements to repurchase with customers	$ 96,289	$ 118,769

Derivatives, Hedging Activiti_3

Derivatives, Hedging Activities and Other Financial Instruments - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Derivative [Line Items]
Collateral already posted, fair value	$ 40		$ 40		$ 19,800
Collateral received from third parties	112,100		112,100		0
Other liabilities
Derivative [Line Items]
Credit risk derivative liability, fair value	122,618		122,618		22,855
Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative notional amount	1,300,000		1,300,000		$ 938,700
Interest Rate Swap
Derivative [Line Items]
Income (expense) in fair value adjustments	$ 19	$ 14	$ 56	$ 55

Derivatives, Hedging Activiti_4

Derivatives, Hedging Activities and Other Financial Instruments - Notional and Fair Value of Derivatives Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Other assets
Derivative [Line Items]
Credit risk derivative asset, fair value	$ 122,605	$ 22,787
Other liabilities
Derivative [Line Items]
Credit risk derivative liability, fair value	$ 122,618	$ 22,855

Leases - Additional Information

Leases - Additional Information (Details)	9 Months Ended
	Sep. 30, 2022 lease renewal_term
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	Sep. 30, 2022	Dec. 31, 2021
Assets
Operating lease ROU assets	$ 19,474	$ 17,442
Finance lease ROU asset	1,347	1,495
Total lease ROU assets	$ 20,821	$ 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	$ 20,430	$ 17,982
Finance lease liability	1,750	1,904
Total lease liabilities	$ 22,180	$ 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	$ 8,200	$ 8,200

Leases - Schedule of Weighted A

Leases - Schedule of Weighted Average Remaining Lease Term and Discount Rate (Details)	Sep. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease, weighted average remaining lease term (years)	7 years 14 days	8 years 2 months 19 days
Finance lease, weighted average remaining lease term (years)	6 years 10 months 6 days	7 years 7 months 2 days
Operating lease, weighted average discount rate (percent)	2.84%	2.97%
Finance lease, weighted average discount rate (percent)	5.63%	5.63%

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Costs and Other Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Lease Expense
Operating lease expense	$ 1,159	$ 1,498	$ 3,857	$ 4,459
Finance lease expense:
Amortization of ROU assets	49	50	149	149
Interest on lease liabilities	24	28	76	85
Total	1,232	1,576	4,082	4,693
Operating cash flows from operating leases	955	1,322	3,366	4,119
Operating cash flows from finance leases	24	28	76	85
Financing cash flows from finance leases	$ 52	$ 50	$ 154	$ 146

Leases - Future Minimum Payment

Leases - Future Minimum Payments for Operating and Financing Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Finance Lease
2023	$ 307
2024	307
2025	307
2026	307
2027	307
Thereafter	568
Total	2,103
Less: Imputed interest	(353)
Total lease liabilities	1,750	$ 1,904
Operating Leases
2023	4,268
2024	3,790
2025	3,841
2026	3,075
2027	2,198
Thereafter	5,721
Total	22,893
Less: Imputed interest	(2,463)
Total lease liabilities	$ 20,430	$ 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	Sep. 30, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Other assets	$ 228,066	$ 147,007
Total assets	12,683,453	11,739,616
Other liabilities	352,908	$ 122,032
VIE
Variable Interest Entity [Line Items]
Cash and cash equivalents	33,234
Other assets	1,079
Total assets	34,313
Other liabilities	31,906
Net assets	$ 2,407