OceanFirst Financial (OCFC) 10-Q 31 Oct 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Oct. 28, 2024
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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		58,464,214
Amendment Flag	false
Document Fiscal Year Focus	2024
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, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 214,171	$ 153,718
Debt securities available-for-sale, at estimated fair value	911,753	753,892
Debt securities held-to-maturity, net of allowance for securities credit losses of $902 at September 30, 2024 and $1,133 at December 31, 2023 (estimated fair value of $1,007,781 at September 30, 2024 and $1,068,438 at December 31, 2023)	1,075,131	1,159,735
Equity investments	95,688	100,163
Restricted equity investments, at cost	98,545	93,766
Loans receivable, net of allowance for loan credit losses of $69,066 at September 30, 2024 and $67,137 at December 31, 2023	9,963,598	10,136,721
Loans held-for-sale	23,036	5,166
Interest and dividends receivable	48,821	51,874
Premises and equipment, net	116,087	121,372
Bank owned life insurance	269,138	266,498
Assets held for sale	0	28
Goodwill	506,146	506,146
Core deposit intangible	7,056	9,513
Other assets	159,313	179,661
Total assets	13,488,483	13,538,253
Liabilities and Stockholders’ Equity
Deposits	10,116,167	10,434,949
Federal Home Loan Bank (“FHLB”) advances	891,860	848,636
Securities sold under agreements to repurchase with customers	81,163	73,148
Other borrowings	419,927	196,456
Advances by borrowers for taxes and insurance	27,282	22,407
Other liabilities	257,576	300,712
Total liabilities	11,793,975	11,876,308
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, 2024 and December 31, 2023	1	1
Common stock, $0.01 par value, 150,000,000 shares authorized, 62,515,415 and 62,182,767 shares issued at September 30, 2024 and December 31, 2023, respectively; and 58,397,094 and 59,447,684 shares outstanding at September 30, 2024 and December 31, 2023, respectively	613	613
Additional paid-in capital	1,166,218	1,161,755
Retained earnings	632,476	592,542
Accumulated other comprehensive loss	(12,185)	(20,862)
Less: Unallocated common stock held by Employee Stock Ownership Plan ("ESOP")	(2,852)	(3,780)
Treasury stock, 4,118,321 and 2,735,083 shares at September 30, 2024 and December 31, 2023, respectively	(90,617)	(69,106)
OceanFirst Financial Corp. stockholders’ equity	1,693,654	1,661,163
Non-controlling interest	854	782
Total stockholders’ equity	1,694,508	1,661,945
Total liabilities and stockholders’ equity	$ 13,488,483	$ 13,538,253

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 902	$ 1,133
Securities held-to-maturity, fair value	1,007,781	1,068,438
Allowance for loan credit losses	$ 69,066	$ 67,137
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, liquidation preference, value	$ 1	$ 1
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)	62,515,415	62,182,767
Common stock, shares outstanding (in shares)	58,397,094	59,447,684
Treasury stock, shares (in shares)	4,118,321	2,735,083

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest income:
Loans	$ 136,635	$ 133,931	$ 409,805	$ 384,755
Debt securities	19,449	15,223	58,349	43,829
Equity investments and other	5,441	9,256	14,399	18,956
Total interest income	161,525	158,410	482,553	447,540
Interest expense:
Deposits	62,318	53,287	182,244	112,551
Borrowed funds	16,988	14,127	49,603	53,082
Total interest expense	79,306	67,414	231,847	165,633
Net interest income	82,219	90,996	250,706	281,907
Provision for credit losses	517	10,283	4,222	14,525
Net interest income after provision for credit losses	81,702	80,713	246,484	267,382
Other income:
Bankcard services revenue	1,615	1,507	4,602	4,381
Net gain on sales of loans	505	66	1,282	119
Net gain (loss) on equity investments	1,420	1,452	4,230	(5,908)
Income from bank owned life insurance	1,779	1,390	5,367	3,853
Commercial loan swap income	414	11	793	712
Other	2,471	496	4,768	748
Total other income	14,684	10,762	37,955	21,763
Operating expenses:
Compensation and employee benefits	35,844	35,534	101,739	103,676
Occupancy	5,157	5,466	15,531	15,970
Equipment	1,026	1,172	3,224	3,478
Marketing	1,385	1,183	3,550	3,126
Federal deposit insurance and regulatory assessments	2,618	2,557	8,438	6,771
Data processing	5,940	6,086	17,914	18,405
Check card processing	1,153	1,154	3,278	3,649
Professional fees	1,970	5,258	6,863	15,439
Amortization of core deposit intangible	803	987	2,457	3,008
Branch consolidation expense, net	0	0	0	70
Merger related expenses	1,669	0	1,669	22
Other operating expense	6,171	5,087	16,365	15,109
Total operating expenses	63,736	64,484	181,028	188,723
Income before provision for income taxes	32,650	26,991	103,411	100,422
Provision for income taxes	7,464	6,459	25,183	24,109
Net income	25,186	20,532	78,228	76,313
Net income attributable to non-controlling interest	70	(135)	72	(34)
Net income attributable to OceanFirst Financial Corp.	25,116	20,667	78,156	76,347
Dividends on preferred shares	1,004	1,004	3,012	3,012
Net income available to common stockholders, basic	24,112	19,663	75,144	73,335
Net income available to common stockholders, diluted	$ 24,112	$ 19,663	$ 75,144	$ 73,335
Basic earnings per share (in dollars per share)	$ 0.42	$ 0.33	$ 1.29	$ 1.24
Diluted earnings per share (in dollars per share)	$ 0.42	$ 0.33	$ 1.29	$ 1.24
Average basic shares outstanding (in shares)	58,065	59,104	58,405	59,037
Average diluted shares outstanding (in shares)	58,068	59,111	58,407	59,068
Trust and asset management revenue
Other income:
Revenue	$ 384	$ 662	$ 1,329	$ 1,919
Fees and service charges
Other income:
Revenue	$ 6,096	$ 5,178	$ 15,584	$ 15,939

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 25,186	$ 20,532	$ 78,228	$ 76,313
Other comprehensive income:
Net unrealized gain on debt securities (net of tax expense of $1,225 and $2,569 in 2024 and $572 and $2,430 in 2023, respectively)	3,847	1,797	8,066	7,626
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $43 and $125 in 2024 and $66 and $176 in 2023, respectively)	62	116	180	277
Unrealized gain (loss) on derivative hedges (net of tax expense of $267 and tax benefit of $133 in 2024 and tax benefit of $198 and $573 in 2023, respectively)	837	(622)	(418)	(1,798)
Reclassification adjustment for losses included in net income (net of tax expense of $80 and $270 in 2024 and $78 and $340 in 2023, respectively)	254	246	849	1,066
Total other comprehensive income, net of tax	5,000	1,537	8,677	7,171
Total comprehensive income	30,186	22,069	86,905	83,484
Less: comprehensive income (loss) attributable to non-controlling interest	70	(135)	72	(34)
Comprehensive income attributable to OceanFirst Financial Corp.	30,116	22,204	86,833	83,518
Less: Dividends on preferred shares	1,004	1,004	3,012	3,012
Total comprehensive income available to common stockholders	$ 29,112	$ 21,200	$ 83,821	$ 80,506

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Unrealized holding gain (loss), before adjustment, tax expense	$ 1,225	$ 572	$ 2,569	$ 2,430
Accretion of unrealized loss on debt securities reclassified to held-to-maturity, tax expense	43	66	125	176
Unrealized gain (loss) on derivatives, tax expense (benefit)	267	(198)	(133)	(573)
Reclassification adjustment from AOCI for sale of securities, tax expense	$ 80	$ 78	$ 270	$ 340

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, 2022	$ 1,585,464	$ (6,191)	$ 1	$ 612	$ 1,154,821	$ 540,507	$ (35,982)	$ (69,106)	$ 802
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	76,313					76,347			(34)
Other comprehensive income, net of tax	7,171						7,171
Stock compensation	4,910				4,910
Allocation of ESOP stock	1,634	1,808			(174)
Cash dividend	(35,414)					(35,414)
Exercise of stock options	593			1	1,312	(720)
Preferred stock dividend	(3,012)					(3,012)
Distributions to non-controlling interest	(55)								(55)
Ending balance at Sep. 30, 2023	1,637,604	(4,383)	1	613	1,160,869	577,708	(28,811)	(69,106)	713
Beginning balance at Jun. 30, 2023	1,626,283	(4,986)	1	613	1,159,394	569,867	(30,348)	(69,106)	848
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	20,532					20,667			(135)
Other comprehensive income, net of tax	1,537						1,537
Stock compensation	1,574				1,574
Allocation of ESOP stock	504	603			(99)
Cash dividend	(11,822)					(11,822)
Preferred stock dividend	(1,004)					(1,004)
Ending balance at Sep. 30, 2023	1,637,604	(4,383)	1	613	1,160,869	577,708	(28,811)	(69,106)	713
Beginning balance at Dec. 31, 2023	1,661,945	(3,780)	1	613	1,161,755	592,542	(20,862)	(69,106)	782
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	78,228					78,156			72
Other comprehensive income, net of tax	8,677						8,677
Stock compensation	4,515				4,515
Allocation of ESOP stock	798	928			(130)
Cash dividend	(35,210)					(35,210)
Exercise of stock options	48				48
Repurchase shares of common stock	(21,481)				30			(21,511)
Preferred stock dividend	(3,012)					(3,012)
Ending balance at Sep. 30, 2024	1,694,508	(2,852)	1	613	1,166,218	632,476	(12,185)	(90,617)	854
Beginning balance at Jun. 30, 2024	1,676,669	(3,161)	1	613	1,164,813	620,021	(17,185)	(89,217)	784
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	25,186					25,116			70
Other comprehensive income, net of tax	5,000						5,000
Stock compensation	1,383				1,383
Allocation of ESOP stock	282	309			(27)
Cash dividend	(11,657)					(11,657)
Exercise of stock options	48				48
Repurchase shares of common stock	(1,399)				1			(1,400)
Preferred stock dividend	(1,004)					(1,004)
Ending balance at Sep. 30, 2024	$ 1,694,508	$ (2,852)	$ 1	$ 613	$ 1,166,218	$ 632,476	$ (12,185)	$ (90,617)	$ 854

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]
Cash dividend per share (in dollars per share)	$ 0.20	$ 0.20	$ 0.60	$ 0.60
Purchase of common stock (in shares)	87,324		1,383,238

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income (loss)	$ 78,228	$ 76,313
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment	8,277	9,164
Allocation of ESOP stock	798	1,634
Stock compensation	4,515	4,910
Net excess tax expense on stock compensation	365	243
Amortization of servicing asset	261	54
Net premium amortization in excess of discount accretion on securities	561	3,818
Net amortization of deferred costs on borrowings	463	445
Amortization of core deposit intangible	2,457	3,008
Net accretion of purchase accounting adjustments	(2,826)	(4,219)
Net amortization of deferred fees/costs and premiums/discounts on loans	(1,574)	(940)
Provision for credit losses	4,222	14,525
Net write down of fixed assets held-for-sale to net realizable value	0	459
Net gain on sale of fixed assets	(131)	(26)
Net loss on sales of available-for-sale securities	106	697
Net (gain) loss on equity investments	(4,230)	5,908
Net gain on sales of loans	(1,282)	(119)
Proceeds from sales of residential loans held for sale	141,588	38,048
Residential loans originated for sale	(158,176)	(37,239)
Increase in value of bank owned life insurance	(4,796)	(3,853)
Net (gain) loss on sale of assets held for sale	(855)	7
Decrease (increase) in interest and dividends receivable	3,053	(5,326)
Deferred tax provision (benefit)	935	(93)
Decrease (increase) in other assets	19,330	(22,350)
(Decrease) increase in other liabilities	(43,849)	66,016
Total adjustments	(30,788)	74,771
Net cash provided by operating activities	47,440	151,084
Cash flows from investing activities:
Net decrease (increase) in loans receivable	173,444	(210,412)
Purchase of debt securities available-for-sale	(243,795)	(4,287)
Purchase of debt securities held-to-maturity	(6,971)	(65,567)
Purchase of equity investments	(3,032)	(7,383)
Proceeds from maturities and calls of debt securities available-for-sale	15,870	16,950
Proceeds from maturities and calls of debt securities held-to-maturity	19,202	13,940
Proceeds from sales of debt securities available-for-sale	2,121	1,300
Proceeds from calls and sales of equity investments	11,256	4,822
Principal repayments on debt securities available-for-sale	78,413	0
Principal repayments on debt securities held-to-maturity	73,799	82,661
Proceeds from bank owned life insurance	2,156	385
Proceeds from the redemption of restricted equity investments	71,927	128,544
Purchases of restricted equity investments	(76,706)	(101,745)
Proceeds from sales of assets held-for-sale	883	969
Purchases of premises and equipment	(5,949)	(6,062)
Proceeds from disposal of premises and equipment	3,380	0
Net cash consideration paid for acquisition	(1,000)	0
Net cash provided by (used in) investing activities	114,998	(145,885)
Cash flows from financing activities:
(Decrease) increase in deposits	(318,686)	858,947
Increase in short-term borrowings	7,949	13,807
Net proceeds (repayment) of FHLB advances	43,224	(605,110)
Net proceeds from other borrowings	222,662	0
Increase in advances by borrowers for taxes and insurance	4,875	8,291
Exercise of stock options	48	593
Payment of employee taxes withheld from stock awards and phantom stock units	(2,354)	(2,350)
Purchase of treasury stock	(21,481)	0
Dividends paid	(38,222)	(38,426)
Distributions to non-controlling interest	0	(55)
Net cash (used in) provided by financing activities	(101,985)	235,697
Net increase in cash and due from banks and restricted cash	60,453	240,896
Cash and due from banks and restricted cash at beginning of period	153,718	167,986
Cash and due from banks and restricted cash at end of period	214,171	408,882
Supplemental Disclosure of Cash Flow Information:
Cash and due from banks at beginning of period	153,718	167,946
Restricted cash at beginning of period	0	40
Cash and due from banks at end of period	214,171	408,882
Restricted cash at end of period	0	0
Cash and due from banks and restricted cash at end of period	214,171	408,882
Cash paid during the period for:
Interest	219,314	148,950
Income taxes	26,890	28,151
Non-cash activities:
Accretion of unrealized loss on securities reclassified to held-to-maturity	305	453
Net loan charge-offs	1,713	8,271
Transfer of securities from held-to-maturity to available-for-sale	500	0
Transfer of premises and equipment to assets held-for-sale	$ 0	$ 1,302

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2024
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, Country Property Holdings, Inc., OFB Acquisition LLC; and a majority controlling interest in Trident Abstract Title Agency, LLC (“Trident”). 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, 2024 are not necessarily indicative of the results of operations that may be expected for the full year 2024 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, 2023.

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 2024
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, 2024 and 2023 (in thousands): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Weighted average shares outstanding 58,439 59,422 58,770 59,388 Less: Unallocated ESOP shares (157) (243) (173) (272) Unallocated incentive award shares (217) (75) (192) (79) Average basic shares outstanding 58,065 59,104 58,405 59,037 Add: Effect of dilutive securities: Incentive awards 3 7 2 31 Average diluted shares outstanding 58,068 59,111 58,407 59,068 For the three and nine months ended September 30, 2024, antidilutive stock options of 1,668,000 and 1,790,000, respectively, were excluded from the earnings per share calculation. For the three and nine months ended September 30, 2023, antidilutive stock options of 1,961,000 and 1,525,000, respectively, were excluded from the earnings per share calculation.

Securities

Securities	9 Months Ended
	Sep. 30, 2024
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, 2024 and December 31, 2023 are as follows (in thousands): Amortized Gross Gross Estimated Allowance for Securities Credit Losses At September 30, 2024 Debt securities available-for-sale: U.S. government and agency obligations $ 60,860 $ 12 $ (4,179) $ 56,693 $ — Corporate debt securities 15,967 38 (795) 15,210 — Asset-backed securities 251,986 294 (147) 252,133 — Mortgage-backed securities (“MBS”): Agency residential 489,515 1,427 (195) 490,747 — Agency commercial 108,865 — (11,895) 96,970 — Total mortgage-backed securities 598,380 1,427 (12,090) 587,717 — Total debt securities available-for-sale $ 927,193 $ 1,771 $ (17,211) $ 911,753 $ — Debt securities held-to-maturity: State and municipal debt obligations $ 203,822 $ 296 $ (10,668) $ 193,450 $ (34) Corporate debt securities 66,721 508 (1,378) 65,851 (763) Mortgage-backed securities: Agency residential 703,899 2,299 (54,907) 651,291 — Agency commercial 81,137 10 (3,435) 77,712 — Non-agency commercial 20,454 — (977) 19,477 (105) Total mortgage-backed securities 805,490 2,309 (59,319) 748,480 (105) Total debt securities held-to-maturity $ 1,076,033 $ 3,113 $ (71,365) $ 1,007,781 $ (902) Total debt securities $ 2,003,226 $ 4,884 $ (88,576) $ 1,919,534 $ (902) At December 31, 2023 Debt securities available-for-sale: U.S. government and agency obligations $ 66,490 $ — $ (5,796) $ 60,694 $ — Corporate debt securities 10,096 11 (981) 9,126 — Asset-backed securities 295,796 — (4,252) 291,544 — Mortgage-backed securities: Agency residential 298,107 183 (97) 298,193 — Agency commercial 109,590 — (15,255) 94,335 — Total mortgage-backed securities 407,697 183 (15,352) 392,528 — Total debt securities available-for-sale $ 780,079 $ 194 $ (26,381) $ 753,892 $ — Debt securities held-to-maturity: State and municipal debt obligations $ 222,009 $ 251 $ (14,550) $ 207,710 $ (39) Corporate debt securities 69,809 391 (3,941) 66,259 (987) Mortgage-backed securities: Agency residential 765,632 901 (70,040) 696,493 — Agency commercial 82,734 10 (3,678) 79,066 — Non-agency commercial 20,684 — (1,774) 18,910 (107) Total mortgage-backed securities 869,050 911 (75,492) 794,469 (107) Total debt securities held-to-maturity $ 1,160,868 $ 1,553 $ (93,983) $ 1,068,438 $ (1,133) Total debt securities $ 1,940,947 $ 1,747 $ (120,364) $ 1,822,330 $ (1,133) 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, 2024 and 2023 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Allowance for securities credit losses Beginning balance $ (958) $ (964) $ (1,133) $ (1,128) Benefit for credit losses 56 32 231 196 Total ending allowance balance $ (902) $ (932) $ (902) $ (932) 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, 2024, aggregated by credit quality indicator, are as follows (in thousands): Investment Grade Non-Investment Grade/Non-rated Total As of September 30, 2024 State and municipal debt obligations $ 202,983 $ 839 $ 203,822 Corporate debt securities 52,730 13,991 66,721 Non-agency commercial MBS 20,454 — 20,454 Total debt securities held-to-maturity $ 276,167 $ 14,830 $ 290,997 There were no realized gains/losses and $106,000 of realized losses on sale of debt securities available-for-sale for the three and nine months ended September 30, 2024, respectively as compared to no realized gains/losses and $697,000 of realized losses for the corresponding prior year periods. These realized gains/losses on debt securities are presented within Other under Total other income of the Consolidated Statements of Income. The amortized cost and estimated fair value of debt securities at September 30, 2024 by contractual maturity are shown below (in thousands): September 30, 2024 Amortized Estimated Less than one year $ 32,613 $ 32,323 Due after one year through five years 188,400 179,988 Due after five years through ten years 223,941 220,655 Due after ten years 154,402 150,371 $ 599,356 $ 583,337 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, 2024, corporate debt securities, state and municipal obligations, and asset-backed securities with an amortized cost of $81.6 million, $58.3 million, and $252.0 million, respectively, and an estimated fair value of $80.0 million, $57.4 million, and $252.1 million, respectively, were callable prior to the maturity date. Mortgage-backed securities are excluded from the above table since their effective lives are expected to be shorter than the contractual maturity date due to principal prepayments. The estimated fair value and unrealized losses for debt securities available-for-sale and held-to-maturity at September 30, 2024 and December 31, 2023, 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, 2024 Debt securities available-for-sale: U.S. government and agency obligations $ 2,103 $ (6) $ 50,871 $ (4,173) $ 52,974 $ (4,179) Corporate debt securities 4,788 (54) 5,988 (741) 10,776 (795) Asset-backed securities 42,325 (40) 89,004 (107) 131,329 (147) MBS: Agency residential 143,284 (195) — — 143,284 (195) Agency commercial — — 96,970 (11,895) 96,970 (11,895) Total MBS 143,284 (195) 96,970 (11,895) 240,254 (12,090) Total debt securities available-for-sale 192,500 (295) 242,833 (16,916) 435,333 (17,211) Debt securities held-to-maturity: State and municipal debt obligations 5,041 (361) 175,161 (10,307) 180,202 (10,668) Corporate debt securities — — 38,713 (1,378) 38,713 (1,378) MBS: Agency residential — — 514,518 (54,907) 514,518 (54,907) Agency commercial 1,276 (10) 73,251 (3,425) 74,527 (3,435) Non-agency commercial — — 19,477 (977) 19,477 (977) Total MBS 1,276 (10) 607,246 (59,309) 608,522 (59,319) Total debt securities held-to-maturity 6,317 (371) 821,120 (70,994) 827,437 (71,365) Total debt securities $ 198,817 $ (666) $ 1,063,953 $ (87,910) $ 1,262,770 $ (88,576) At December 31, 2023 Debt securities available-for-sale: U.S. government and agency obligations $ 833 $ (2) $ 59,861 $ (5,794) $ 60,694 $ (5,796) Corporate debt securities 1,543 (165) 6,116 (816) 7,659 (981) Asset-backed securities — — 291,544 (4,252) 291,544 (4,252) MBS: Agency residential 169,000 (97) — — 169,000 (97) Agency commercial — — 94,335 (15,255) 94,335 (15,255) Total MBS 169,000 (97) 94,335 (15,255) 263,335 (15,352) Total debt securities available-for-sale 171,376 (264) 451,856 (26,117) 623,232 (26,381) Debt securities held-to-maturity: State and municipal debt obligations 6,671 (23) 191,511 (14,527) 198,182 (14,550) Corporate debt securities 3,084 (473) 58,386 (3,468) 61,470 (3,941) MBS: Agency residential 95,776 (693) 525,751 (69,347) 621,527 (70,040) Agency commercial 18,902 (370) 55,051 (3,308) 73,953 (3,678) Non-agency commercial — — 18,910 (1,774) 18,910 (1,774) Total MBS 114,678 (1,063) 599,712 (74,429) 714,390 (75,492) Total debt securities held-to-maturity 124,433 (1,559) 849,609 (92,424) 974,042 (93,983) Total debt securities $ 295,809 $ (1,823) $ 1,301,465 $ (118,541) $ 1,597,274 $ (120,364) The Company concluded that no debt securities were impaired at September 30, 2024 based on consideration of several factors. The Company noted that each issuer made all 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 net unrealized losses were primarily due to changes in the general credit and interest rate environment and not credit quality. Additionally, the Company has not utilized securities sales as a source of liquidity and the Company’s liquidity plans include adequate sources of liquidity outside securities sales. Equity Investments At September 30, 2024 and December 31, 2023, the Company held equity investments of $95.7 million and $100.2 million, respectively. The equity investments are primarily comprised of select financial services institutions’ preferred stocks, investments in other financial institutions and funds. The realized and unrealized gains or losses on equity securities for the three and nine months ended September 30, 2024 and 2023 are shown in the table below (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net gain (loss) on equity investments $ 1,420 $ 1,452 $ 4,230 $ (5,908) Less: Net losses recognized on equity investments sold — — — (5,462) Unrealized gains (losses) recognized on equity investments still held $ 1,420 $ 1,452 $ 4,230 $ (446)

Loans Receivable, Net

Loans Receivable, Net	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Loans Receivable, Net	Loans Receivable, Net Loans receivable, net at September 30, 2024 and December 31, 2023 consisted of the following (in thousands): September 30, December 31, 2024 2023 Commercial: Commercial real estate – investor $ 5,273,159 $ 5,353,974 Commercial real estate – owner occupied 841,930 943,891 Commercial and industrial 660,879 666,532 Total commercial 6,775,968 6,964,397 Consumer: Residential real estate 3,003,213 2,979,534 Home equity loans and lines and other consumer (“other consumer”) 242,975 250,664 Total consumer 3,246,188 3,230,198 Total loans receivable 10,022,156 10,194,595 Deferred origination costs, net of fees 10,508 9,263 Allowance for loan credit losses (69,066) (67,137) Total loans receivable, net $ 9,963,598 $ 10,136,721 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 Company’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): 2024 2023 2022 2021 2020 2019 and prior Revolving lines of credit Total September 30, 2024 Commercial real estate - investor Pass $ 66,729 $ 138,564 $ 1,147,606 $ 1,307,012 $ 524,774 $ 1,288,200 $ 669,660 $ 5,142,545 Special Mention — — 21,405 2,340 — 42,018 — 65,763 Substandard — — 1,869 595 4,523 50,536 7,328 64,851 Total commercial real estate - investor 66,729 138,564 1,170,880 1,309,947 529,297 1,380,754 676,988 5,273,159 Commercial real estate - owner occupied Pass 28,705 62,077 111,308 91,752 42,050 465,999 22,742 824,633 Special Mention — — — — — 4,130 — 4,130 Substandard — — — — 257 12,287 623 13,167 Total commercial real estate - owner occupied 28,705 62,077 111,308 91,752 42,307 482,416 23,365 841,930 Commercial and industrial Pass 62,399 75,414 41,917 15,638 4,990 47,784 384,477 632,619 Special Mention — 8,663 — — — — 106 8,769 Substandard — 652 3,609 775 — 541 13,914 19,491 Total commercial and industrial 62,399 84,729 45,526 16,413 4,990 48,325 398,497 660,879 Residential real estate (1) Pass 176,774 274,782 555,502 806,071 372,414 807,021 — 2,992,564 Special Mention 2,925 — 250 657 — 2,040 — 5,872 Substandard — 415 1,495 — — 2,867 — 4,777 Total residential real estate 179,699 275,197 557,247 806,728 372,414 811,928 — 3,003,213 Other consumer (1) Pass 21,864 28,253 17,743 17,671 11,992 113,644 29,523 240,690 Special Mention — 97 34 343 — 713 — 1,187 Substandard — — — 72 — 1,026 — 1,098 Total other consumer 21,864 28,350 17,777 18,086 11,992 115,383 29,523 242,975 Total loans $ 359,396 $ 588,917 $ 1,902,738 $ 2,242,926 $ 961,000 $ 2,838,806 $ 1,128,373 $ 10,022,156 (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. 2023 2022 2021 2020 2019 2018 and prior Revolving lines of credit Total December 31, 2023 Commercial real estate - investor Pass $ 137,028 $ 1,165,955 $ 1,328,012 $ 529,745 $ 490,438 $ 930,337 $ 679,804 $ 5,261,319 Special Mention — — 2,413 790 1,446 22,147 — 26,796 Substandard — — 648 3,750 13,275 48,186 — 65,859 Total commercial real estate - investor 137,028 1,165,955 1,331,073 534,285 505,159 1,000,670 679,804 5,353,974 Commercial real estate - owner occupied Pass 66,642 120,280 103,104 59,179 102,703 441,713 21,052 914,673 Special Mention — — — — 1,272 8,314 — 9,586 Substandard — — — — 2,019 16,900 713 19,632 Total commercial real estate - owner occupied 66,642 120,280 103,104 59,179 105,994 466,927 21,765 943,891 Commercial and industrial Pass 112,914 64,770 19,473 8,645 7,778 51,082 383,013 647,675 Special Mention — — — — — 184 2,859 3,043 Substandard — 622 117 — 145 1,385 13,545 15,814 Total commercial and industrial 112,914 65,392 19,590 8,645 7,923 52,651 399,417 666,532 Residential real estate (1) Pass 283,296 916,153 564,515 388,392 223,247 600,118 — 2,975,721 Special Mention — — — — 131 271 — 402 Substandard 323 366 — 258 487 1,977 — 3,411 Total residential real estate 283,619 916,519 564,515 388,650 223,865 602,366 — 2,979,534 Other consumer (1) Pass 32,859 19,918 20,737 12,675 12,937 118,486 30,658 248,270 Special Mention — 172 — — — 386 — 558 Substandard — — — — 6 1,698 132 1,836 Total other consumer 32,859 20,090 20,737 12,675 12,943 120,570 30,790 250,664 Total loans $ 633,062 $ 2,288,236 $ 2,039,019 $ 1,003,434 $ 855,884 $ 2,243,184 $ 1,131,776 $ 10,194,595 (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, 2024 and 2023 was as follows (in thousands): Commercial Commercial Commercial Residential Other Consumer Total For the three months ended September 30, 2024 Allowance for credit losses on loans Balance at beginning of period $ 27,853 $ 3,931 $ 7,915 $ 27,833 $ 1,307 $ 68,839 Provision (benefit) for credit losses 3,074 (220) 1,767 (4,564) 82 139 Charge-offs — — — (35) (89) (124) Recoveries 123 4 2 29 54 212 Balance at end of period $ 31,050 $ 3,715 $ 9,684 $ 23,263 $ 1,354 $ 69,066 For the three months ended September 30, 2023 Allowance for credit losses on loans Balance at beginning of period $ 24,481 $ 4,342 $ 5,945 $ 26,152 $ 871 $ 61,791 Provision (benefit) for credit losses 9,602 119 604 95 (63) 10,357 Charge-offs (8,350) — — — (29) (8,379) Recoveries 2 3 13 17 73 108 Balance at end of period $ 25,735 $ 4,464 $ 6,562 $ 26,264 $ 852 $ 63,877 For the nine months ended September 30, 2024 Allowance for credit losses on loans Balance at beginning of period $ 27,899 $ 4,354 $ 6,867 $ 27,029 $ 988 $ 67,137 Provision (benefit) for credit losses 4,671 (668) 2,808 (3,913) 744 3,642 Charge-offs (1,646) — — (35) (484) (2,165) Recoveries 126 29 9 182 106 452 Balance at end of period $ 31,050 $ 3,715 $ 9,684 $ 23,263 $ 1,354 $ 69,066 For the nine months ended September 30, 2023 Allowance for credit losses on loans Balance at beginning of period $ 21,070 $ 4,423 $ 5,695 $ 24,530 $ 1,106 $ 56,824 Provision (benefit) for credit losses 13,010 38 974 1,700 (322) 15,400 Charge-offs (8,350) (6) (128) — (111) (8,595) Recoveries 5 9 21 34 179 248 Balance at end of period $ 25,735 $ 4,464 $ 6,562 $ 26,264 $ 852 $ 63,877 The following tables summarize gross charge-offs by vintage (in thousands): 2023 2021 2019 and prior Total For the three months ended September 30, 2024 Residential real estate $ (33) $ — $ (2) $ (35) Other consumer — — (89) (89) Total charge-offs $ (33) $ — $ (91) $ (124) For the nine months ended September 30, 2024 Commercial real estate – investor (1) $ — $ (46) $ (1,600) $ (1,646) Residential real estate (33) — (2) (35) Other consumer — — (484) (484) Total charge-offs $ (33) $ (46) $ (2,086) $ (2,165) 2019 2018 and prior Total For the three months ended September 30, 2023 Commercial real estate – investor (1) $ (8,350) $ — $ (8,350) Other consumer — (29) (29) Total charge-offs $ (8,350) $ (29) $ (8,379) For the nine months ended September 30, 2023 Commercial real estate – investor (1) $ (8,350) $ — $ (8,350) Commercial real estate – owner occupied — (6) (6) Commercial and industrial — (128) (128) Other consumer — (111) (111) Total charge-offs $ (8,350) $ (245) $ (8,595) (1) Gross charge-offs of $1.6 million and $8.4 million primarily related to a single commercial relationship which had partial charge-offs during the nine months ended September 30, 2024 and the three and nine months ended September 30, 2023. This was resolved via sale of collateral during the current quarter. 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, 2024 and December 31, 2023, the Company had collateral dependent loans with an amortized cost balance as follows: commercial real estate - investor of $7.1 million and $15.2 million, respectively, commercial real estate - owner occupied of $3.7 million and $352,000, respectively, and commercial and industrial of $122,000 and $304,000, respectively. In addition, the Company had collateral dependent residential and consumer loans with an amortized cost balance of $5.9 million and $2.6 million at September 30, 2024 and December 31, 2023, respectively. The following table presents the recorded investment in non-accrual loans, by loan portfolio segment as of September 30, 2024 and December 31, 2023 (in thousands): September 30, December 31, 2024 2023 Commercial real estate – investor (1) $ 12,478 $ 20,820 Commercial real estate – owner occupied 4,368 351 Commercial and industrial 122 304 Residential real estate 9,108 5,542 Other consumer 2,063 2,531 $ 28,139 $ 29,548 (1) December 31, 2023 includes the exposure of $8.8 million of the single commercial real estate relationship resolved during the quarter. At September 30, 2024 and December 31, 2023, 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, 2024 and December 31, 2023, there were no loans that were past due 90 days or greater and still accruing interest. The following table presents the aging of the recorded investment in past due loans as of September 30, 2024 and December 31, 2023 by loan portfolio segment (in thousands): 30-59 60-89 90 Days or Greater Total Loans Not Total September 30, 2024 Commercial real estate – investor (1) $ 366 $ 1,604 $ 6,828 $ 8,798 $ 5,264,361 $ 5,273,159 Commercial real estate – owner occupied 924 — 1,447 2,371 839,559 841,930 Commercial and industrial 266 17 122 405 660,474 660,879 Residential real estate 1,700 5,872 4,777 12,349 2,990,864 3,003,213 Other consumer 3,522 1,187 1,098 5,807 237,168 242,975 $ 6,778 $ 8,680 $ 14,272 $ 29,730 $ 9,992,426 $ 10,022,156 December 31, 2023 Commercial real estate – investor (1) $ 978 $ 684 $ 15,201 $ 16,863 $ 5,337,111 $ 5,353,974 Commercial real estate – owner occupied 335 352 293 980 942,911 943,891 Commercial and industrial 163 — 145 308 666,224 666,532 Residential real estate 14,858 402 3,411 18,671 2,960,863 2,979,534 Other consumer 872 558 1,836 3,266 247,398 250,664 $ 17,206 $ 1,996 $ 20,886 $ 40,088 $ 10,154,507 $ 10,194,595 (1) December 31, 2023 includes the exposure of $8.8 million of the single commercial real estate relationship resolved during the quarter. Loan Modifications to Borrowers Experiencing Financial Difficulty The Company adopted Accounting Standards Update (“ASU”) 2022-02 on January 1, 2023. Since adoption, the Company has modified and may modify in the future certain loans to borrowers experiencing financial difficulty. These modifications may include a reduction in interest rate, an extension in term, principal forgiveness and/or other than insignificant payment delay. Upon the Company’s determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is charged off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount, and the allowance for credit losses is subsequently adjusted by an amount equal to the total loss rate as applied to the reduced amortized cost basis. As of September 30, 2024 and December 31, 2023, loans with modifications to borrowers experiencing financial difficulty totaled $23.7 million and $8.9 million, respectively. There were no outstanding commitments to lend additional funds to such borrowers with loan modifications as of September 30, 2024 or December 31, 2023. The following table presents loans modifications made to borrowers experiencing financial difficulty during the three and nine months ended September 30, 2024 and 2023 (in thousands): Term Extension Interest Rate Reduction Combination of Term Extension and Interest Rate Reduction Other Than Insignificant Payment Delay Total % of Total by Loan Portfolio Segment For the three months ended September 30, 2024 $ — $ — $ — $ — $ — — % For the three months ended September 30, 2023 Residential real estate $ 65 $ — $ — $ — $ 65 — % Other consumer — — 170 — 170 0.07 $ 65 $ — $ 170 $ — $ 235 — % For the nine months ended September 30, 2024 Commercial real estate – investor $ — $ 4,878 $ 7,000 $ — $ 11,878 0.23 % Commercial real estate – owner occupied — — — 2,994 2,994 0.36 Residential real estate 129 — — — 129 — Other consumer — — 148 — 148 0.06 $ 129 $ 4,878 $ 7,148 $ 2,994 $ 15,149 0.15 % For the nine months ended September 30, 2023 Residential real estate $ 723 $ — $ — $ — $ 723 0.02 % Other consumer 240 — 170 — 410 0.16 $ 963 $ — $ 170 $ — $ 1,133 0.01 % The modifications during the periods presented had an insignificant financial effect on the Company. The Company closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table provides the performance of loans modified to borrowers experiencing financial difficulty during the twelve months ended September 30, 2024 and since adoption of the standard for September 30, 2023 (in thousands): Current 60 - 89 Days past due 90 Days or Greater past due Total September 30, 2024 Commercial real estate – investor $ 19,645 $ — $ — $ 19,645 Commercial real estate – owner occupied 2,896 — — 2,896 Residential real estate 128 — — 128 Other consumer 47 147 — 194 $ 22,716 $ 147 $ — $ 22,863 September 30, 2023 Residential real estate $ 583 $ — $ 140 (1) $ 723 Other consumer 410 — — 410 $ 993 $ — $ 140 $ 1,133

Deposits

Deposits	9 Months Ended
	Sep. 30, 2024
Banking and Thrift, Other Disclosure [Abstract]
Deposits	Deposits The major types of deposits at September 30, 2024 and December 31, 2023 were as follows (in thousands): Type of Account September 30, December 31, 2024 2023 Non-interest-bearing $ 1,638,447 $ 1,657,119 Interest-bearing checking 3,896,348 3,911,766 Money market deposit 1,288,555 1,021,805 Savings 1,071,946 1,398,837 Time deposits 2,220,871 2,445,422 Total deposits $ 10,116,167 $ 10,434,949 Included in time deposits at September 30, 2024 and December 31, 2023 was $451.1 million and $412.0 million, respectively, of deposits of $250,000 or more. Time deposits also include brokered deposits of $201.0 million and $631.5 million at September 30, 2024 and December 31, 2023, respectively.

Borrowed Funds

Borrowed Funds	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Borrowed Funds	Borrowed Funds Borrowed funds at September 30, 2024 and December 31, 2023 were as follows (in thousands): September 30, December 31, 2024 2023 FHLB advances $ 891,860 $ 848,636 Securities sold under agreements to repurchase with customers 81,163 73,148 Other borrowings 419,927 196,456 Total borrowed funds $ 1,392,950 $ 1,118,240 At September 30, 2024, there were $831.9 million of FHLB term advances and $60.0 million outstanding in overnight borrowings from the FHLB, as compared to $848.6 million and $0 at December 31, 2023, respectively. At September 30, 2024, there were $419.9 million of other borrowings as compared to $196.5 million at December 31, 2023 as a result of lower-cost funding availability. Pledged assets The following table presents the assets pledged to secure borrowings, borrowing capacity, repurchase agreements, letters of credit, and for other purposes required by law at carrying value (in thousands): Loans Debt securities Total September 30, 2024 FHLB and FRB $ 7,399,276 $ 1,131,698 $ 8,530,974 Repurchase agreements — 86,440 86,440 Total pledged assets $ 7,399,276 $ 1,218,138 $ 8,617,414 December 31, 2023 FHLB and FRB $ 7,255,671 $ 1,051,558 $ 8,307,229 Repurchase agreements — 103,416 103,416 Total pledged assets $ 7,255,671 $ 1,154,974 $ 8,410,645 The securities that collateralize the repurchase agreements are delivered to the lender, with whom each transaction is executed, to a third-party custodian, or held at the Company. The lender agrees to resell to the Company substantially the same securities at the maturity of the repurchase agreements.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2024
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 of U.S. Treasuries are determined using quoted prices in active markets (Level 1). The majority of the other debt securities are 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). 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). Certain equity investments without readily determinable fair values are measured at net asset value (“NAV”) per share as a practical expedient, which are excluded from the fair value hierarchy levels in the table below. 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. Loans Individually Measured for Impairment 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 generally based on independent appraisals (Level 3), which may be adjusted by management for qualitative factors, such as economic factors and estimated liquidation expenses. The following table summarizes financial assets and financial liabilities measured at fair value as of September 30, 2024 and December 31, 2023, 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, 2024 Items measured on a recurring basis: Debt securities available-for-sale $ 911,753 $ 48,542 $ 863,211 $ — Equity investments 45,631 — 45,631 — Interest rate derivative asset 67,791 — 67,791 — Interest rate derivative liability (67,415) — (67,415) — Items measured on a non-recurring basis: Equity investments (1) (2) 50,057 — — 46,176 Loans measured for impairment based on the fair value of the underlying collateral (3) 16,814 — — 16,814 December 31, 2023 Items measured on a recurring basis: Debt securities available-for-sale $ 753,892 $ 43,036 $ 710,856 $ — Equity investments 53,166 — 53,166 — Interest rate derivative asset 87,776 — 87,776 — Interest rate derivative liability (87,848) — (87,848) — Items measured on a non-recurring basis: Equity investments (1) (2) 46,997 — — 43,576 Loans measured for impairment based on the fair value of the underlying collateral (3) 18,509 — — 18,509 (1) As of September 30, 2024 and December 31, 2023, equity investments included $46.2 million and $43.6 million, respectively, of equity investments measured under the measurement alternative. This included no unrealized gains or losses for the nine months ended September 30, 2024 and the year ended December 31, 2023. (2) As of September 30, 2024 and December 31, 2023, equity investments included $3.9 million and $3.4 million, respectively, of certain equity investment funds measured at NAV per share (or its equivalent) as a practical expedient to fair value and these equity investments have not been classified in the fair value hierarchy levels. (3) Primarily consists of commercial loans, which are collateral dependent. 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 Company recognizes transfers between levels of the valuation hierarchy at the end of the applicable reporting periods. There were no assets in Level 3 that were recognized at fair value on a recurring basis or transfers into or out of Level 3 for the three and nine months ended September 30, 2024 and 2023. 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 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. Restricted Equity Investments The fair value of these investments, which are primarily Federal Home Loan Bank of New York and Federal Reserve Bank stock, 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, which is based on an exit price notion, was estimated by discounting the future cash flows, net of estimated prepayments, at market discount rates that reflect the credit and interest rate risk inherent in the loan. Loans held for sale are carried at the lower of unpaid principal balance, net, or estimated fair value on an aggregate basis. Estimated fair value is generally determined based on bid quotations from secondary markets. 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. FHLB Advances and Other Borrowings 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, 2024 and December 31, 2023 are presented in the following tables (in thousands): Fair Value Measurements at Reporting Date Using: Book Level 1 Level 2 Level 3 September 30, 2024 Financial Assets: Cash and due from banks $ 214,171 $ 214,171 $ — $ — Debt securities held-to-maturity 1,075,131 — 1,007,781 — Restricted equity investments 98,545 — — 98,545 Loans receivable, net and loans held-for-sale 9,986,634 — — 9,545,091 Financial Liabilities: Deposits other than time deposits (1) 7,895,296 — 7,895,296 — Time deposits 2,220,871 — 2,220,572 — FHLB advances and other borrowings 1,311,787 — 1,308,840 — Securities sold under agreements to repurchase with customers 81,163 81,163 — — December 31, 2023 Financial Assets: Cash and due from banks $ 153,718 $ 153,718 $ — $ — Debt securities held-to-maturity 1,159,735 — 1,068,438 — Restricted equity investments 93,766 — — 93,766 Loans receivable, net and loans held-for-sale 10,141,887 — — 9,606,498 Financial Liabilities: Deposits other than time deposits (1) 7,989,527 — 7,989,527 — Time deposits 2,445,422 — 2,421,058 — FHLB advances and other borrowings 1,045,092 — 1,008,351 — Securities sold under agreements to repurchase with customers 73,148 73,148 — — (1) The estimated fair value of non-maturity deposits does not consider any inherent value and represents the amount payable on demand. However, non-maturity deposits do contain significant inherent value to the Company, particularly when overnight funding costs are greater than the deposit costs. 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 and Hedging Activit

Derivatives and Hedging Activities	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities The Company enters into derivative financial instruments which involve, to varying degrees, interest rate 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 derivative financial instruments to accommodate the business needs of its customers as well as to economically hedge the exposure that this creates for the Company. Additionally, the Company enters into certain derivative financial instruments to enhance its ability to manage interest rate risk that exists as part of its ongoing business operations. The Company does not use derivative financial instruments for trading purposes. Customer Derivatives – Interest Rate Swaps and Cap Contracts Derivatives Not Designated as Hedging Instruments 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. These interest rate swaps and cap contracts with both the customers and third parties are not designated as hedges under ASC Topic 815, Derivatives and Hedging, therefore changes in fair value are reported in 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 ASC Topic 820, Fair Value Measurements. The Company recognized losses of $25,000 and $14,000 in commercial loan swap income resulting from the fair value adjustments for the three and nine months ended September 30, 2024, respectively, as compared to losses of $2,000 and $2,000 for the corresponding prior year periods. Derivatives Designated as Hedging Instruments During 2022, the Company entered into a three-year interest rate swap intended to add stability to its net interest income and to manage its exposure to future interest rate movements associated with a pool of floating-rate commercial loans. The swap requires the Company to pay variable-rate amounts indexed to one-month term Secured Overnight Financing Rate (“SOFR”) to the counterparty in exchange for the receipt of fixed-rate amounts at 4.0% from the counterparty. The swap was designated and qualified as a cash flow hedge under ASC Topic 815, Derivatives and Hedging. The changes in the fair value of cash flow hedges are initially reported in other comprehensive income. Amounts are subsequently reclassified from accumulated other comprehensive income to earnings when the hedged transactions occur, specifically within the same line item as the hedged item (interest income). Therefore, a portion of the balance reported in accumulated other comprehensive income related to derivatives will be reclassified to interest income as interest payments are made or received on the Company’s interest rate swaps. The table below presents the effect on the Company’s accumulated other comprehensive income/loss (“AOCI” or “AOCL”) attributable to the cash flow hedge derivative, net of tax, and the related gains/(losses) reclassified from AOCI into income (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 AOCL balance at beginning of period, net of tax $ (776) $ (909) $ (36) $ (25) Unrealized gains (losses) recognized in OCI 837 (622) (418) (1,798) Losses reclassified from AOCI into interest income 253 246 768 538 AOCI (AOCL) balance at end of period, net of tax $ 314 $ (1,285) $ 314 $ (1,285) During the next twelve months ending September 30, 2025, the Company estimates that an additional $174,000 will be reclassified as an addition to interest income. The table below presents the notional amount and fair value of derivatives designated and not designated as hedging instruments, as well as their location on the Consolidated Statements of Financial Condition (in thousands): Notional Fair Value Other assets Other liabilities As of September 30, 2024 Derivatives Not Designated as Hedging Instruments Interest rate swaps and cap contracts $ 1,488,359 $ 67,376 $ 67,415 Derivatives Designated as Cash Flow Hedge Interest rate swap contract 100,000 415 — Total Derivatives $ 1,588,359 $ 67,791 $ 67,415 As of December 31, 2023 Derivatives Not Designated as Hedging Instruments Interest rate swaps and cap contracts $ 1,418,276 $ 87,776 $ 87,801 Derivatives Designated as Cash Flow Hedge Interest rate swap contract 100,000 — 47 Total Derivatives $ 1,518,276 $ 87,776 $ 87,848 Credit Risk-Related Contingent Features The Company is exposed to credit risk in the event of nonperformance by the interest rate derivative counterparty. The Company minimizes this risk by being a party to International Swaps and Derivatives Association agreements with third-party broker-dealers that require a minimum dollar transfer amount upon a margin call. This requirement is dependent on certain specified credit measures. The amount of collateral posted with third parties was $0 at both September 30, 2024 and December 31, 2023. The amount of collateral received from third parties was $55.8 million and $88.3 million at September 30, 2024 and December 31, 2023, respectively. The amount of collateral posted with third parties and received from third parties is deemed to be sufficient to collateralize both the fair market value change as well as any additional amounts that may be required as a result of a change in the specified credit measures. The aggregate fair value of all derivative financial instruments in a liability position with credit measure contingencies and entered into with third parties was $67.4 million and $87.8 million at September 30, 2024 and December 31, 2023, respectively. The interest rate derivatives which the Company executes with the commercial borrowers are collateralized by the borrowers’ commercial real estate financed by the Company.

Leases

Leases	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Leases	Leases A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. The Company’s leases are comprised of real estate property for branches, automated teller machine locations and office space with terms extending through 2038. The Company has one existing finance lease, which has a lease term through 2029. The following table represents the classification of the Company’s Right of Use (“ROU”) assets and lease liabilities on the Consolidated Statements of Financial Condition (in thousands): September 30, December 31, 2024 2023 Lease ROU Assets Classification Operating lease ROU assets Other assets $ 16,098 $ 18,979 Finance lease ROU asset Premises and equipment, net 1,129 1,304 Total lease ROU assets $ 17,227 $ 20,283 Lease Liabilities Operating lease liabilities (1) Other liabilities $ 17,831 $ 20,018 Finance lease liability Other borrowings 1,489 1,685 Total lease liabilities $ 19,320 $ 21,703 (1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $4.8 million and $5.9 million at September 30, 2024 and December 31, 2023, respectively. The calculated amount of the ROU assets and lease liabilities are impacted by the lease term and the discount rate used to calculate the present value of the minimum lease payments. Lease agreements often include one or more options to renew the lease at the Company’s discretion. If the exercise of a renewal option is considered to be reasonably certain, the Company includes the extended term in the calculation of the ROU asset and lease liability. For the discount rate, ASC Topic 842, Leases requires the Company to use the rate implicit in the lease, provided the rate is readily determinable. As this rate is not readily determinable, the Company generally 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, 2024 2023 Weighted-Average Remaining Lease Term Operating leases 6.01 years 6.52 years Finance lease 4.85 years 5.60 years Weighted-Average Discount Rate Operating leases 3.09 % 3.02 % 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, 2024 2023 2024 2023 Lease Expense Operating lease expense $ 1,136 $ 1,153 $ 3,441 $ 3,472 Finance lease expense: Amortization of ROU assets 59 58 175 170 Interest on lease liabilities (1) 21 25 66 77 Total $ 1,216 $ 1,236 $ 3,682 $ 3,719 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,214 $ 1,154 $ 3,336 $ 3,414 Operating cash flows from finance leases 21 25 66 77 Financing cash flows from finance leases 66 63 196 186 (1) Included in borrowed funds interest expense on the Consolidated Statements of Income. All other costs are included in occupancy expense on the Consolidated Statements of Income. Future minimum payments for the finance lease and operating leases with initial or remaining terms were as follows (in thousands): Finance Lease Operating Leases For the Year Ending December 31, 2024 $ 88 $ 1,226 2025 350 4,719 2026 350 4,070 2027 350 2,696 2028 350 1,524 Thereafter 208 5,545 Total 1,696 19,780 Less: Imputed interest (207) (1,949) Total lease liabilities $ 1,489 $ 17,831
Leases	Leases A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. The Company’s leases are comprised of real estate property for branches, automated teller machine locations and office space with terms extending through 2038. The Company has one existing finance lease, which has a lease term through 2029. The following table represents the classification of the Company’s Right of Use (“ROU”) assets and lease liabilities on the Consolidated Statements of Financial Condition (in thousands): September 30, December 31, 2024 2023 Lease ROU Assets Classification Operating lease ROU assets Other assets $ 16,098 $ 18,979 Finance lease ROU asset Premises and equipment, net 1,129 1,304 Total lease ROU assets $ 17,227 $ 20,283 Lease Liabilities Operating lease liabilities (1) Other liabilities $ 17,831 $ 20,018 Finance lease liability Other borrowings 1,489 1,685 Total lease liabilities $ 19,320 $ 21,703 (1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $4.8 million and $5.9 million at September 30, 2024 and December 31, 2023, respectively. The calculated amount of the ROU assets and lease liabilities are impacted by the lease term and the discount rate used to calculate the present value of the minimum lease payments. Lease agreements often include one or more options to renew the lease at the Company’s discretion. If the exercise of a renewal option is considered to be reasonably certain, the Company includes the extended term in the calculation of the ROU asset and lease liability. For the discount rate, ASC Topic 842, Leases requires the Company to use the rate implicit in the lease, provided the rate is readily determinable. As this rate is not readily determinable, the Company generally 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, 2024 2023 Weighted-Average Remaining Lease Term Operating leases 6.01 years 6.52 years Finance lease 4.85 years 5.60 years Weighted-Average Discount Rate Operating leases 3.09 % 3.02 % 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, 2024 2023 2024 2023 Lease Expense Operating lease expense $ 1,136 $ 1,153 $ 3,441 $ 3,472 Finance lease expense: Amortization of ROU assets 59 58 175 170 Interest on lease liabilities (1) 21 25 66 77 Total $ 1,216 $ 1,236 $ 3,682 $ 3,719 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,214 $ 1,154 $ 3,336 $ 3,414 Operating cash flows from finance leases 21 25 66 77 Financing cash flows from finance leases 66 63 196 186 (1) Included in borrowed funds interest expense on the Consolidated Statements of Income. All other costs are included in occupancy expense on the Consolidated Statements of Income. Future minimum payments for the finance lease and operating leases with initial or remaining terms were as follows (in thousands): Finance Lease Operating Leases For the Year Ending December 31, 2024 $ 88 $ 1,226 2025 350 4,719 2026 350 4,070 2027 350 2,696 2028 350 1,524 Thereafter 208 5,545 Total 1,696 19,780 Less: Imputed interest (207) (1,949) Total lease liabilities $ 1,489 $ 17,831

Variable Interest Entity

Variable Interest Entity	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entity	Variable Interest Entity The Company accounts for Trident as 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. The summarized financial information for the Company’s consolidated VIE at September 30, 2024 and December 31, 2023 consisted of the following (in thousands): September 30, 2024 December 31, 2023 Cash and cash equivalents $ 26,936 $ 22,151 Other assets 440 606 Total assets 27,376 22,757 Other liabilities 25,243 20,803 Net assets $ 2,133 $ 1,954

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn October 1, 2024, the Company completed the acquisition of Spring Garden Capital Group, LLC (“Spring Garden”) for a purchase price of $68 million. The transaction will be complementary to the Company’s existing products and will expand the Company’s specialty finance offerings.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 25,116	$ 20,667	$ 78,156	$ 76,347

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2024
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, Country Property Holdings, Inc., OFB Acquisition LLC; and a majority controlling interest in Trident Abstract Title Agency, LLC (“Trident”). All significant intercompany accounts and transactions have been eliminated in consolidation.

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of 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, 2024 and 2023 (in thousands): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Weighted average shares outstanding 58,439 59,422 58,770 59,388 Less: Unallocated ESOP shares (157) (243) (173) (272) Unallocated incentive award shares (217) (75) (192) (79) Average basic shares outstanding 58,065 59,104 58,405 59,037 Add: Effect of dilutive securities: Incentive awards 3 7 2 31 Average diluted shares outstanding 58,068 59,111 58,407 59,068

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Debt Securities, Available-for-Sale and Held-to-Maturity	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, 2024 and December 31, 2023 are as follows (in thousands): Amortized Gross Gross Estimated Allowance for Securities Credit Losses At September 30, 2024 Debt securities available-for-sale: U.S. government and agency obligations $ 60,860 $ 12 $ (4,179) $ 56,693 $ — Corporate debt securities 15,967 38 (795) 15,210 — Asset-backed securities 251,986 294 (147) 252,133 — Mortgage-backed securities (“MBS”): Agency residential 489,515 1,427 (195) 490,747 — Agency commercial 108,865 — (11,895) 96,970 — Total mortgage-backed securities 598,380 1,427 (12,090) 587,717 — Total debt securities available-for-sale $ 927,193 $ 1,771 $ (17,211) $ 911,753 $ — Debt securities held-to-maturity: State and municipal debt obligations $ 203,822 $ 296 $ (10,668) $ 193,450 $ (34) Corporate debt securities 66,721 508 (1,378) 65,851 (763) Mortgage-backed securities: Agency residential 703,899 2,299 (54,907) 651,291 — Agency commercial 81,137 10 (3,435) 77,712 — Non-agency commercial 20,454 — (977) 19,477 (105) Total mortgage-backed securities 805,490 2,309 (59,319) 748,480 (105) Total debt securities held-to-maturity $ 1,076,033 $ 3,113 $ (71,365) $ 1,007,781 $ (902) Total debt securities $ 2,003,226 $ 4,884 $ (88,576) $ 1,919,534 $ (902) At December 31, 2023 Debt securities available-for-sale: U.S. government and agency obligations $ 66,490 $ — $ (5,796) $ 60,694 $ — Corporate debt securities 10,096 11 (981) 9,126 — Asset-backed securities 295,796 — (4,252) 291,544 — Mortgage-backed securities: Agency residential 298,107 183 (97) 298,193 — Agency commercial 109,590 — (15,255) 94,335 — Total mortgage-backed securities 407,697 183 (15,352) 392,528 — Total debt securities available-for-sale $ 780,079 $ 194 $ (26,381) $ 753,892 $ — Debt securities held-to-maturity: State and municipal debt obligations $ 222,009 $ 251 $ (14,550) $ 207,710 $ (39) Corporate debt securities 69,809 391 (3,941) 66,259 (987) Mortgage-backed securities: Agency residential 765,632 901 (70,040) 696,493 — Agency commercial 82,734 10 (3,678) 79,066 — Non-agency commercial 20,684 — (1,774) 18,910 (107) Total mortgage-backed securities 869,050 911 (75,492) 794,469 (107) Total debt securities held-to-maturity $ 1,160,868 $ 1,553 $ (93,983) $ 1,068,438 $ (1,133) Total debt securities $ 1,940,947 $ 1,747 $ (120,364) $ 1,822,330 $ (1,133)
Schedule of Allowance for Credit Losses for Debt Securities Held-to-Maturity	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, 2024 and 2023 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Allowance for securities credit losses Beginning balance $ (958) $ (964) $ (1,133) $ (1,128) Benefit for credit losses 56 32 231 196 Total ending allowance balance $ (902) $ (932) $ (902) $ (932)
Schedule of Amortized Cost of Debt Securities Held-to-Maturity, Aggregated by Credit Quality Indicator	Under this approach, the amortized cost of debt securities held-to-maturity at September 30, 2024, aggregated by credit quality indicator, are as follows (in thousands): Investment Grade Non-Investment Grade/Non-rated Total As of September 30, 2024 State and municipal debt obligations $ 202,983 $ 839 $ 203,822 Corporate debt securities 52,730 13,991 66,721 Non-agency commercial MBS 20,454 — 20,454 Total debt securities held-to-maturity $ 276,167 $ 14,830 $ 290,997
Schedule of Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity	The amortized cost and estimated fair value of debt securities at September 30, 2024 by contractual maturity are shown below (in thousands): September 30, 2024 Amortized Estimated Less than one year $ 32,613 $ 32,323 Due after one year through five years 188,400 179,988 Due after five years through ten years 223,941 220,655 Due after ten years 154,402 150,371 $ 599,356 $ 583,337
Schedule of Estimated Fair Value and Unrealized Losses for Debt 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, 2024 and December 31, 2023, 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, 2024 Debt securities available-for-sale: U.S. government and agency obligations $ 2,103 $ (6) $ 50,871 $ (4,173) $ 52,974 $ (4,179) Corporate debt securities 4,788 (54) 5,988 (741) 10,776 (795) Asset-backed securities 42,325 (40) 89,004 (107) 131,329 (147) MBS: Agency residential 143,284 (195) — — 143,284 (195) Agency commercial — — 96,970 (11,895) 96,970 (11,895) Total MBS 143,284 (195) 96,970 (11,895) 240,254 (12,090) Total debt securities available-for-sale 192,500 (295) 242,833 (16,916) 435,333 (17,211) Debt securities held-to-maturity: State and municipal debt obligations 5,041 (361) 175,161 (10,307) 180,202 (10,668) Corporate debt securities — — 38,713 (1,378) 38,713 (1,378) MBS: Agency residential — — 514,518 (54,907) 514,518 (54,907) Agency commercial 1,276 (10) 73,251 (3,425) 74,527 (3,435) Non-agency commercial — — 19,477 (977) 19,477 (977) Total MBS 1,276 (10) 607,246 (59,309) 608,522 (59,319) Total debt securities held-to-maturity 6,317 (371) 821,120 (70,994) 827,437 (71,365) Total debt securities $ 198,817 $ (666) $ 1,063,953 $ (87,910) $ 1,262,770 $ (88,576) At December 31, 2023 Debt securities available-for-sale: U.S. government and agency obligations $ 833 $ (2) $ 59,861 $ (5,794) $ 60,694 $ (5,796) Corporate debt securities 1,543 (165) 6,116 (816) 7,659 (981) Asset-backed securities — — 291,544 (4,252) 291,544 (4,252) MBS: Agency residential 169,000 (97) — — 169,000 (97) Agency commercial — — 94,335 (15,255) 94,335 (15,255) Total MBS 169,000 (97) 94,335 (15,255) 263,335 (15,352) Total debt securities available-for-sale 171,376 (264) 451,856 (26,117) 623,232 (26,381) Debt securities held-to-maturity: State and municipal debt obligations 6,671 (23) 191,511 (14,527) 198,182 (14,550) Corporate debt securities 3,084 (473) 58,386 (3,468) 61,470 (3,941) MBS: Agency residential 95,776 (693) 525,751 (69,347) 621,527 (70,040) Agency commercial 18,902 (370) 55,051 (3,308) 73,953 (3,678) Non-agency commercial — — 18,910 (1,774) 18,910 (1,774) Total MBS 114,678 (1,063) 599,712 (74,429) 714,390 (75,492) Total debt securities held-to-maturity 124,433 (1,559) 849,609 (92,424) 974,042 (93,983) Total debt securities $ 295,809 $ (1,823) $ 1,301,465 $ (118,541) $ 1,597,274 $ (120,364)
Schedule of Realized and Unrealized Gains or Losses on Equity Securities	The realized and unrealized gains or losses on equity securities for the three and nine months ended September 30, 2024 and 2023 are shown in the table below (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net gain (loss) on equity investments $ 1,420 $ 1,452 $ 4,230 $ (5,908) Less: Net losses recognized on equity investments sold — — — (5,462) Unrealized gains (losses) recognized on equity investments still held $ 1,420 $ 1,452 $ 4,230 $ (446)

Loans Receivable, Net (Tables)

Loans Receivable, Net (Tables)	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Schedule of Loans Receivable, Net	Loans receivable, net at September 30, 2024 and December 31, 2023 consisted of the following (in thousands): September 30, December 31, 2024 2023 Commercial: Commercial real estate – investor $ 5,273,159 $ 5,353,974 Commercial real estate – owner occupied 841,930 943,891 Commercial and industrial 660,879 666,532 Total commercial 6,775,968 6,964,397 Consumer: Residential real estate 3,003,213 2,979,534 Home equity loans and lines and other consumer (“other consumer”) 242,975 250,664 Total consumer 3,246,188 3,230,198 Total loans receivable 10,022,156 10,194,595 Deferred origination costs, net of fees 10,508 9,263 Allowance for loan credit losses (69,066) (67,137) Total loans receivable, net $ 9,963,598 $ 10,136,721
Schedule of Total Loans by Year of Origination, Internally Assigned Credit Grades and Risk Characteristics, Gross Charge-Offs	The following tables summarize total loans by year of origination, internally assigned credit grades and risk characteristics (in thousands): 2024 2023 2022 2021 2020 2019 and prior Revolving lines of credit Total September 30, 2024 Commercial real estate - investor Pass $ 66,729 $ 138,564 $ 1,147,606 $ 1,307,012 $ 524,774 $ 1,288,200 $ 669,660 $ 5,142,545 Special Mention — — 21,405 2,340 — 42,018 — 65,763 Substandard — — 1,869 595 4,523 50,536 7,328 64,851 Total commercial real estate - investor 66,729 138,564 1,170,880 1,309,947 529,297 1,380,754 676,988 5,273,159 Commercial real estate - owner occupied Pass 28,705 62,077 111,308 91,752 42,050 465,999 22,742 824,633 Special Mention — — — — — 4,130 — 4,130 Substandard — — — — 257 12,287 623 13,167 Total commercial real estate - owner occupied 28,705 62,077 111,308 91,752 42,307 482,416 23,365 841,930 Commercial and industrial Pass 62,399 75,414 41,917 15,638 4,990 47,784 384,477 632,619 Special Mention — 8,663 — — — — 106 8,769 Substandard — 652 3,609 775 — 541 13,914 19,491 Total commercial and industrial 62,399 84,729 45,526 16,413 4,990 48,325 398,497 660,879 Residential real estate (1) Pass 176,774 274,782 555,502 806,071 372,414 807,021 — 2,992,564 Special Mention 2,925 — 250 657 — 2,040 — 5,872 Substandard — 415 1,495 — — 2,867 — 4,777 Total residential real estate 179,699 275,197 557,247 806,728 372,414 811,928 — 3,003,213 Other consumer (1) Pass 21,864 28,253 17,743 17,671 11,992 113,644 29,523 240,690 Special Mention — 97 34 343 — 713 — 1,187 Substandard — — — 72 — 1,026 — 1,098 Total other consumer 21,864 28,350 17,777 18,086 11,992 115,383 29,523 242,975 Total loans $ 359,396 $ 588,917 $ 1,902,738 $ 2,242,926 $ 961,000 $ 2,838,806 $ 1,128,373 $ 10,022,156 (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. 2023 2022 2021 2020 2019 2018 and prior Revolving lines of credit Total December 31, 2023 Commercial real estate - investor Pass $ 137,028 $ 1,165,955 $ 1,328,012 $ 529,745 $ 490,438 $ 930,337 $ 679,804 $ 5,261,319 Special Mention — — 2,413 790 1,446 22,147 — 26,796 Substandard — — 648 3,750 13,275 48,186 — 65,859 Total commercial real estate - investor 137,028 1,165,955 1,331,073 534,285 505,159 1,000,670 679,804 5,353,974 Commercial real estate - owner occupied Pass 66,642 120,280 103,104 59,179 102,703 441,713 21,052 914,673 Special Mention — — — — 1,272 8,314 — 9,586 Substandard — — — — 2,019 16,900 713 19,632 Total commercial real estate - owner occupied 66,642 120,280 103,104 59,179 105,994 466,927 21,765 943,891 Commercial and industrial Pass 112,914 64,770 19,473 8,645 7,778 51,082 383,013 647,675 Special Mention — — — — — 184 2,859 3,043 Substandard — 622 117 — 145 1,385 13,545 15,814 Total commercial and industrial 112,914 65,392 19,590 8,645 7,923 52,651 399,417 666,532 Residential real estate (1) Pass 283,296 916,153 564,515 388,392 223,247 600,118 — 2,975,721 Special Mention — — — — 131 271 — 402 Substandard 323 366 — 258 487 1,977 — 3,411 Total residential real estate 283,619 916,519 564,515 388,650 223,865 602,366 — 2,979,534 Other consumer (1) Pass 32,859 19,918 20,737 12,675 12,937 118,486 30,658 248,270 Special Mention — 172 — — — 386 — 558 Substandard — — — — 6 1,698 132 1,836 Total other consumer 32,859 20,090 20,737 12,675 12,943 120,570 30,790 250,664 Total loans $ 633,062 $ 2,288,236 $ 2,039,019 $ 1,003,434 $ 855,884 $ 2,243,184 $ 1,131,776 $ 10,194,595 (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. The following tables summarize gross charge-offs by vintage (in thousands): 2023 2021 2019 and prior Total For the three months ended September 30, 2024 Residential real estate $ (33) $ — $ (2) $ (35) Other consumer — — (89) (89) Total charge-offs $ (33) $ — $ (91) $ (124) For the nine months ended September 30, 2024 Commercial real estate – investor (1) $ — $ (46) $ (1,600) $ (1,646) Residential real estate (33) — (2) (35) Other consumer — — (484) (484) Total charge-offs $ (33) $ (46) $ (2,086) $ (2,165) 2019 2018 and prior Total For the three months ended September 30, 2023 Commercial real estate – investor (1) $ (8,350) $ — $ (8,350) Other consumer — (29) (29) Total charge-offs $ (8,350) $ (29) $ (8,379) For the nine months ended September 30, 2023 Commercial real estate – investor (1) $ (8,350) $ — $ (8,350) Commercial real estate – owner occupied — (6) (6) Commercial and industrial — (128) (128) Other consumer — (111) (111) Total charge-offs $ (8,350) $ (245) $ (8,595)
Schedule of Analysis of Allowance for Credit Losses on Loans	An analysis of the allowance for credit losses on loans for the three and nine months ended September 30, 2024 and 2023 was as follows (in thousands): Commercial Commercial Commercial Residential Other Consumer Total For the three months ended September 30, 2024 Allowance for credit losses on loans Balance at beginning of period $ 27,853 $ 3,931 $ 7,915 $ 27,833 $ 1,307 $ 68,839 Provision (benefit) for credit losses 3,074 (220) 1,767 (4,564) 82 139 Charge-offs — — — (35) (89) (124) Recoveries 123 4 2 29 54 212 Balance at end of period $ 31,050 $ 3,715 $ 9,684 $ 23,263 $ 1,354 $ 69,066 For the three months ended September 30, 2023 Allowance for credit losses on loans Balance at beginning of period $ 24,481 $ 4,342 $ 5,945 $ 26,152 $ 871 $ 61,791 Provision (benefit) for credit losses 9,602 119 604 95 (63) 10,357 Charge-offs (8,350) — — — (29) (8,379) Recoveries 2 3 13 17 73 108 Balance at end of period $ 25,735 $ 4,464 $ 6,562 $ 26,264 $ 852 $ 63,877 For the nine months ended September 30, 2024 Allowance for credit losses on loans Balance at beginning of period $ 27,899 $ 4,354 $ 6,867 $ 27,029 $ 988 $ 67,137 Provision (benefit) for credit losses 4,671 (668) 2,808 (3,913) 744 3,642 Charge-offs (1,646) — — (35) (484) (2,165) Recoveries 126 29 9 182 106 452 Balance at end of period $ 31,050 $ 3,715 $ 9,684 $ 23,263 $ 1,354 $ 69,066 For the nine months ended September 30, 2023 Allowance for credit losses on loans Balance at beginning of period $ 21,070 $ 4,423 $ 5,695 $ 24,530 $ 1,106 $ 56,824 Provision (benefit) for credit losses 13,010 38 974 1,700 (322) 15,400 Charge-offs (8,350) (6) (128) — (111) (8,595) Recoveries 5 9 21 34 179 248 Balance at end of period $ 25,735 $ 4,464 $ 6,562 $ 26,264 $ 852 $ 63,877
Schedule of Recorded Investment in Non-Accrual Loans, by Loan Portfolio Segment	The following table presents the recorded investment in non-accrual loans, by loan portfolio segment as of September 30, 2024 and December 31, 2023 (in thousands): September 30, December 31, 2024 2023 Commercial real estate – investor (1) $ 12,478 $ 20,820 Commercial real estate – owner occupied 4,368 351 Commercial and industrial 122 304 Residential real estate 9,108 5,542 Other consumer 2,063 2,531 $ 28,139 $ 29,548 (1) December 31, 2023 includes the exposure of $8.8 million of the single commercial real estate relationship resolved during the quarter.
Schedule of Aging of Recorded Investment in Past Due Loans by Loan Portfolio Segment	The following table presents the aging of the recorded investment in past due loans as of September 30, 2024 and December 31, 2023 by loan portfolio segment (in thousands): 30-59 60-89 90 Days or Greater Total Loans Not Total September 30, 2024 Commercial real estate – investor (1) $ 366 $ 1,604 $ 6,828 $ 8,798 $ 5,264,361 $ 5,273,159 Commercial real estate – owner occupied 924 — 1,447 2,371 839,559 841,930 Commercial and industrial 266 17 122 405 660,474 660,879 Residential real estate 1,700 5,872 4,777 12,349 2,990,864 3,003,213 Other consumer 3,522 1,187 1,098 5,807 237,168 242,975 $ 6,778 $ 8,680 $ 14,272 $ 29,730 $ 9,992,426 $ 10,022,156 December 31, 2023 Commercial real estate – investor (1) $ 978 $ 684 $ 15,201 $ 16,863 $ 5,337,111 $ 5,353,974 Commercial real estate – owner occupied 335 352 293 980 942,911 943,891 Commercial and industrial 163 — 145 308 666,224 666,532 Residential real estate 14,858 402 3,411 18,671 2,960,863 2,979,534 Other consumer 872 558 1,836 3,266 247,398 250,664 $ 17,206 $ 1,996 $ 20,886 $ 40,088 $ 10,154,507 $ 10,194,595 (1) December 31, 2023 includes the exposure of $8.8 million of the single commercial real estate relationship resolved during the quarter.
Schedule of Modified and Troubled Debt Restructuring Loans	The following table presents loans modifications made to borrowers experiencing financial difficulty during the three and nine months ended September 30, 2024 and 2023 (in thousands): Term Extension Interest Rate Reduction Combination of Term Extension and Interest Rate Reduction Other Than Insignificant Payment Delay Total % of Total by Loan Portfolio Segment For the three months ended September 30, 2024 $ — $ — $ — $ — $ — — % For the three months ended September 30, 2023 Residential real estate $ 65 $ — $ — $ — $ 65 — % Other consumer — — 170 — 170 0.07 $ 65 $ — $ 170 $ — $ 235 — % For the nine months ended September 30, 2024 Commercial real estate – investor $ — $ 4,878 $ 7,000 $ — $ 11,878 0.23 % Commercial real estate – owner occupied — — — 2,994 2,994 0.36 Residential real estate 129 — — — 129 — Other consumer — — 148 — 148 0.06 $ 129 $ 4,878 $ 7,148 $ 2,994 $ 15,149 0.15 % For the nine months ended September 30, 2023 Residential real estate $ 723 $ — $ — $ — $ 723 0.02 % Other consumer 240 — 170 — 410 0.16 $ 963 $ — $ 170 $ — $ 1,133 0.01 % Current 60 - 89 Days past due 90 Days or Greater past due Total September 30, 2024 Commercial real estate – investor $ 19,645 $ — $ — $ 19,645 Commercial real estate – owner occupied 2,896 — — 2,896 Residential real estate 128 — — 128 Other consumer 47 147 — 194 $ 22,716 $ 147 $ — $ 22,863 September 30, 2023 Residential real estate $ 583 $ — $ 140 (1) $ 723 Other consumer 410 — — 410 $ 993 $ — $ 140 $ 1,133

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2024
Banking and Thrift, Other Disclosure [Abstract]
Schedule of Major Types of Deposits	The major types of deposits at September 30, 2024 and December 31, 2023 were as follows (in thousands): Type of Account September 30, December 31, 2024 2023 Non-interest-bearing $ 1,638,447 $ 1,657,119 Interest-bearing checking 3,896,348 3,911,766 Money market deposit 1,288,555 1,021,805 Savings 1,071,946 1,398,837 Time deposits 2,220,871 2,445,422 Total deposits $ 10,116,167 $ 10,434,949

Borrowed Funds (Tables)

Borrowed Funds (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Borrowed Funds	Borrowed funds at September 30, 2024 and December 31, 2023 were as follows (in thousands): September 30, December 31, 2024 2023 FHLB advances $ 891,860 $ 848,636 Securities sold under agreements to repurchase with customers 81,163 73,148 Other borrowings 419,927 196,456 Total borrowed funds $ 1,392,950 $ 1,118,240
Schedule of Pledged Assets	The following table presents the assets pledged to secure borrowings, borrowing capacity, repurchase agreements, letters of credit, and for other purposes required by law at carrying value (in thousands): Loans Debt securities Total September 30, 2024 FHLB and FRB $ 7,399,276 $ 1,131,698 $ 8,530,974 Repurchase agreements — 86,440 86,440 Total pledged assets $ 7,399,276 $ 1,218,138 $ 8,617,414 December 31, 2023 FHLB and FRB $ 7,255,671 $ 1,051,558 $ 8,307,229 Repurchase agreements — 103,416 103,416 Total pledged assets $ 7,255,671 $ 1,154,974 $ 8,410,645

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of 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, 2024 and December 31, 2023, 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, 2024 Items measured on a recurring basis: Debt securities available-for-sale $ 911,753 $ 48,542 $ 863,211 $ — Equity investments 45,631 — 45,631 — Interest rate derivative asset 67,791 — 67,791 — Interest rate derivative liability (67,415) — (67,415) — Items measured on a non-recurring basis: Equity investments (1) (2) 50,057 — — 46,176 Loans measured for impairment based on the fair value of the underlying collateral (3) 16,814 — — 16,814 December 31, 2023 Items measured on a recurring basis: Debt securities available-for-sale $ 753,892 $ 43,036 $ 710,856 $ — Equity investments 53,166 — 53,166 — Interest rate derivative asset 87,776 — 87,776 — Interest rate derivative liability (87,848) — (87,848) — Items measured on a non-recurring basis: Equity investments (1) (2) 46,997 — — 43,576 Loans measured for impairment based on the fair value of the underlying collateral (3) 18,509 — — 18,509 (1) As of September 30, 2024 and December 31, 2023, equity investments included $46.2 million and $43.6 million, respectively, of equity investments measured under the measurement alternative. This included no unrealized gains or losses for the nine months ended September 30, 2024 and the year ended December 31, 2023. (2) As of September 30, 2024 and December 31, 2023, equity investments included $3.9 million and $3.4 million, respectively, of certain equity investment funds measured at NAV per share (or its equivalent) as a practical expedient to fair value and these equity investments have not been classified in the fair value hierarchy levels. (3) Primarily consists of commercial loans, which are collateral dependent. The range may vary but is generally 0% to 8% on the discount for costs to sell and 0% to 10% on appraisal adjustments.
Schedule of Book Value and Estimated Fair Value of 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, 2024 and December 31, 2023 are presented in the following tables (in thousands): Fair Value Measurements at Reporting Date Using: Book Level 1 Level 2 Level 3 September 30, 2024 Financial Assets: Cash and due from banks $ 214,171 $ 214,171 $ — $ — Debt securities held-to-maturity 1,075,131 — 1,007,781 — Restricted equity investments 98,545 — — 98,545 Loans receivable, net and loans held-for-sale 9,986,634 — — 9,545,091 Financial Liabilities: Deposits other than time deposits (1) 7,895,296 — 7,895,296 — Time deposits 2,220,871 — 2,220,572 — FHLB advances and other borrowings 1,311,787 — 1,308,840 — Securities sold under agreements to repurchase with customers 81,163 81,163 — — December 31, 2023 Financial Assets: Cash and due from banks $ 153,718 $ 153,718 $ — $ — Debt securities held-to-maturity 1,159,735 — 1,068,438 — Restricted equity investments 93,766 — — 93,766 Loans receivable, net and loans held-for-sale 10,141,887 — — 9,606,498 Financial Liabilities: Deposits other than time deposits (1) 7,989,527 — 7,989,527 — Time deposits 2,445,422 — 2,421,058 — FHLB advances and other borrowings 1,045,092 — 1,008,351 — Securities sold under agreements to repurchase with customers 73,148 73,148 — — (1) The estimated fair value of non-maturity deposits does not consider any inherent value and represents the amount payable on demand. However, non-maturity deposits do contain significant inherent value to the Company, particularly when overnight funding costs are greater than the deposit costs.

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Accumulated Other Comprehensive Income/Loss Attributable to Cash Flow Hedge Derivative	The table below presents the effect on the Company’s accumulated other comprehensive income/loss (“AOCI” or “AOCL”) attributable to the cash flow hedge derivative, net of tax, and the related gains/(losses) reclassified from AOCI into income (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 AOCL balance at beginning of period, net of tax $ (776) $ (909) $ (36) $ (25) Unrealized gains (losses) recognized in OCI 837 (622) (418) (1,798) Losses reclassified from AOCI into interest income 253 246 768 538 AOCI (AOCL) balance at end of period, net of tax $ 314 $ (1,285) $ 314 $ (1,285)
Schedule of Notional Amount and Fair Value of Derivatives Designated and Not Designated as Hedging Instruments	The table below presents the notional amount and fair value of derivatives designated and not designated as hedging instruments, as well as their location on the Consolidated Statements of Financial Condition (in thousands): Notional Fair Value Other assets Other liabilities As of September 30, 2024 Derivatives Not Designated as Hedging Instruments Interest rate swaps and cap contracts $ 1,488,359 $ 67,376 $ 67,415 Derivatives Designated as Cash Flow Hedge Interest rate swap contract 100,000 415 — Total Derivatives $ 1,588,359 $ 67,791 $ 67,415 As of December 31, 2023 Derivatives Not Designated as Hedging Instruments Interest rate swaps and cap contracts $ 1,418,276 $ 87,776 $ 87,801 Derivatives Designated as Cash Flow Hedge Interest rate swap contract 100,000 — 47 Total Derivatives $ 1,518,276 $ 87,776 $ 87,848

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Schedule of Right-of-Use Assets and Lease Liabilities	The following table represents the classification of the Company’s Right of Use (“ROU”) assets and lease liabilities on the Consolidated Statements of Financial Condition (in thousands): September 30, December 31, 2024 2023 Lease ROU Assets Classification Operating lease ROU assets Other assets $ 16,098 $ 18,979 Finance lease ROU asset Premises and equipment, net 1,129 1,304 Total lease ROU assets $ 17,227 $ 20,283 Lease Liabilities Operating lease liabilities (1) Other liabilities $ 17,831 $ 20,018 Finance lease liability Other borrowings 1,489 1,685 Total lease liabilities $ 19,320 $ 21,703 (1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $4.8 million and $5.9 million at September 30, 2024 and December 31, 2023, respectively.
Schedule of Weighted-Average Remaining Lease Term and Discount Rate	September 30, December 31, 2024 2023 Weighted-Average Remaining Lease Term Operating leases 6.01 years 6.52 years Finance lease 4.85 years 5.60 years Weighted-Average Discount Rate Operating leases 3.09 % 3.02 % Finance lease 5.63 5.63
Schedule of Lease Expenses 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, 2024 2023 2024 2023 Lease Expense Operating lease expense $ 1,136 $ 1,153 $ 3,441 $ 3,472 Finance lease expense: Amortization of ROU assets 59 58 175 170 Interest on lease liabilities (1) 21 25 66 77 Total $ 1,216 $ 1,236 $ 3,682 $ 3,719 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,214 $ 1,154 $ 3,336 $ 3,414 Operating cash flows from finance leases 21 25 66 77 Financing cash flows from finance leases 66 63 196 186 (1) Included in borrowed funds interest expense on the Consolidated Statements of Income. All other costs are included in occupancy expense on the Consolidated Statements of Income.
Schedule of Future Minimum Payments for Finance Leases	Future minimum payments for the finance lease and operating leases with initial or remaining terms were as follows (in thousands): Finance Lease Operating Leases For the Year Ending December 31, 2024 $ 88 $ 1,226 2025 350 4,719 2026 350 4,070 2027 350 2,696 2028 350 1,524 Thereafter 208 5,545 Total 1,696 19,780 Less: Imputed interest (207) (1,949) Total lease liabilities $ 1,489 $ 17,831
Schedule of Future Minimum Payments for Operating Leases	Future minimum payments for the finance lease and operating leases with initial or remaining terms were as follows (in thousands): Finance Lease Operating Leases For the Year Ending December 31, 2024 $ 88 $ 1,226 2025 350 4,719 2026 350 4,070 2027 350 2,696 2028 350 1,524 Thereafter 208 5,545 Total 1,696 19,780 Less: Imputed interest (207) (1,949) Total lease liabilities $ 1,489 $ 17,831

Variable Interest Entity (Table

Variable Interest Entity (Tables)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Financial Information of Consolidated Variable Interest Entities	The summarized financial information for the Company’s consolidated VIE at September 30, 2024 and December 31, 2023 consisted of the following (in thousands): September 30, 2024 December 31, 2023 Cash and cash equivalents $ 26,936 $ 22,151 Other assets 440 606 Total assets 27,376 22,757 Other liabilities 25,243 20,803 Net assets $ 2,133 $ 1,954

Earnings per Share - Schedule o

Earnings per Share - Schedule of Reconciliation of Shares Outstanding for Basic and Diluted Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Weighted average shares outstanding (in shares)	58,439	59,422	58,770	59,388
Less: Unallocated ESOP shares (in shares)	(157)	(243)	(173)	(272)
Unallocated incentive award shares (in shares)	(217)	(75)	(192)	(79)
Average basic shares outstanding (in shares)	58,065	59,104	58,405	59,037
Add: Effect of dilutive securities:
Incentive awards (in shares)	3	7	2	31
Average diluted shares outstanding (in shares)	58,068	59,111	58,407	59,068

Earnings per Share - Narrative

Earnings per Share - Narrative (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Antidilutive stock options excluded from earnings per share calculations (in shares)	1,668	1,961	1,790	1,525

Securities - Schedule of Debt S

Securities - Schedule of Debt Securities, Available-for-Sale and Held-to-Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Debt securities available-for-sale:
Amortized Cost	$ 927,193		$ 780,079
Gross Unrealized Gains	1,771		194
Gross Unrealized Losses	(17,211)		(26,381)
Estimated Fair Value	911,753		753,892
Allowance for Securities Credit Losses	0		0
Debt securities held-to-maturity:
Amortized Cost	1,076,033		1,160,868
Gross Unrealized Gains	3,113		1,553
Gross Unrealized Losses	(71,365)		(93,983)
Estimated Fair Value	1,007,781		1,068,438
Allowance for Securities Credit Losses	(902)	$ (958)	(1,133)	$ (932)	$ (964)	$ (1,128)
Total, amortized cost	2,003,226		1,940,947
Total, gross unrealized gains	4,884		1,747
Total, gross unrealized losses	(88,576)		(120,364)
Total, estimated fair value	1,919,534		1,822,330
U.S. government and agency obligations
Debt securities available-for-sale:
Amortized Cost	60,860		66,490
Gross Unrealized Gains	12		0
Gross Unrealized Losses	(4,179)		(5,796)
Estimated Fair Value	56,693		60,694
Allowance for Securities Credit Losses	0		0
Corporate debt securities
Debt securities available-for-sale:
Amortized Cost	15,967		10,096
Gross Unrealized Gains	38		11
Gross Unrealized Losses	(795)		(981)
Estimated Fair Value	15,210		9,126
Allowance for Securities Credit Losses	0		0
Debt securities held-to-maturity:
Amortized Cost	66,721		69,809
Gross Unrealized Gains	508		391
Gross Unrealized Losses	(1,378)		(3,941)
Estimated Fair Value	65,851		66,259
Allowance for Securities Credit Losses	(763)		(987)
Asset-backed securities
Debt securities available-for-sale:
Amortized Cost	251,986		295,796
Gross Unrealized Gains	294		0
Gross Unrealized Losses	(147)		(4,252)
Estimated Fair Value	252,133		291,544
Allowance for Securities Credit Losses	0		0
Agency residential
Debt securities available-for-sale:
Amortized Cost	489,515		298,107
Gross Unrealized Gains	1,427		183
Gross Unrealized Losses	(195)		(97)
Estimated Fair Value	490,747		298,193
Allowance for Securities Credit Losses	0		0
Debt securities held-to-maturity:
Amortized Cost	703,899		765,632
Gross Unrealized Gains	2,299		901
Gross Unrealized Losses	(54,907)		(70,040)
Estimated Fair Value	651,291		696,493
Allowance for Securities Credit Losses	0		0
Agency commercial
Debt securities available-for-sale:
Amortized Cost	108,865		109,590
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(11,895)		(15,255)
Estimated Fair Value	96,970		94,335
Allowance for Securities Credit Losses	0		0
Debt securities held-to-maturity:
Amortized Cost	81,137		82,734
Gross Unrealized Gains	10		10
Gross Unrealized Losses	(3,435)		(3,678)
Estimated Fair Value	77,712		79,066
Allowance for Securities Credit Losses	0		0
State and municipal debt obligations
Debt securities held-to-maturity:
Amortized Cost	203,822		222,009
Gross Unrealized Gains	296		251
Gross Unrealized Losses	(10,668)		(14,550)
Estimated Fair Value	193,450		207,710
Allowance for Securities Credit Losses	(34)		(39)
Non-agency commercial
Debt securities held-to-maturity:
Amortized Cost	20,454		20,684
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(977)		(1,774)
Estimated Fair Value	19,477		18,910
Allowance for Securities Credit Losses	(105)		(107)
Total mortgage-backed securities
Debt securities available-for-sale:
Amortized Cost	598,380		407,697
Gross Unrealized Gains	1,427		183
Gross Unrealized Losses	(12,090)		(15,352)
Estimated Fair Value	587,717		392,528
Allowance for Securities Credit Losses	0		0
Debt securities held-to-maturity:
Amortized Cost	805,490		869,050
Gross Unrealized Gains	2,309		911
Gross Unrealized Losses	(59,319)		(75,492)
Estimated Fair Value	748,480		794,469
Allowance for Securities Credit Losses	$ (105)		$ (107)

Securities - Schedule of Allowa

Securities - Schedule of Allowance for Credit Losses for Debt Securities Held-to-Maturity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Allowance for securities credit losses
Beginning balance	$ (958)	$ (964)	$ (1,133)	$ (1,128)
Benefit for credit losses	56	32	231	196
Total ending allowance balance	$ (902)	$ (932)	$ (902)	$ (932)

Securities - Schedule of Amorti

Securities - Schedule of Amortized Cost of Debt Securities Held-to-Maturity, Aggregated by Credit Quality Indicator (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Securities Financing Transaction [Line Items]
Amortized cost of debt securities held-to-maturity	$ 290,997
Investment Grade
Securities Financing Transaction [Line Items]
Amortized cost of debt securities held-to-maturity	276,167
Non-Investment Grade/Non-rated
Securities Financing Transaction [Line Items]
Amortized cost of debt securities held-to-maturity	14,830
State and municipal debt obligations
Securities Financing Transaction [Line Items]
Amortized cost of debt securities held-to-maturity	203,822
State and municipal debt obligations | Investment Grade
Securities Financing Transaction [Line Items]
Amortized cost of debt securities held-to-maturity	202,983
State and municipal debt obligations | Non-Investment Grade/Non-rated
Securities Financing Transaction [Line Items]
Amortized cost of debt securities held-to-maturity	839
Corporate debt securities
Securities Financing Transaction [Line Items]
Amortized cost of debt securities held-to-maturity	66,721
Corporate debt securities | Investment Grade
Securities Financing Transaction [Line Items]
Amortized cost of debt securities held-to-maturity	52,730
Corporate debt securities | Non-Investment Grade/Non-rated
Securities Financing Transaction [Line Items]
Amortized cost of debt securities held-to-maturity	13,991
Non-agency commercial MBS
Securities Financing Transaction [Line Items]
Amortized cost of debt securities held-to-maturity	20,454
Non-agency commercial MBS | Investment Grade
Securities Financing Transaction [Line Items]
Amortized cost of debt securities held-to-maturity	20,454
Non-agency commercial MBS | Non-Investment Grade/Non-rated
Securities Financing Transaction [Line Items]
Amortized cost of debt securities held-to-maturity	$ 0

Securities - Narrative (Details

Securities - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Realized gain (losses)	$ 0	$ 0	$ (106)	$ (697)
Equity investments	95,688		95,688		$ 100,163
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized cost	81,600		81,600
Fair value	80,000		80,000
State and municipal debt obligations
Debt Securities, Available-for-sale [Line Items]
Amortized cost	58,300		58,300
Fair value	57,400		57,400
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized cost	252,000		252,000
Fair value	$ 252,100		$ 252,100

Securities - Schedule of Amor_2

Securities - Schedule of Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Amortized Cost
Less than one year	$ 32,613
Due after one year through five years	188,400
Due after five years through ten years	223,941
Due after ten years	154,402
Total amortized cost	599,356
Estimated Fair Value
Less than one year	32,323
Due after one year through five years	179,988
Due after five years through ten years	220,655
Due after ten years	150,371
Total estimated fair value	$ 583,337

Securities - Schedule of Estima

Securities - Schedule of Estimated Fair Value and Unrealized Losses for Debt Securities Available-for-Sale and Held-to-Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt securities available-for-sale:
Available-for-sale, Less than 12 months, Estimated Fair Value	$ 192,500	$ 171,376
Available-for-sale, Less than 12 months, Unrealized Losses	(295)	(264)
Available-for-sale, 12 months or Longer, Estimated Fair Value	242,833	451,856
Available-for-sale, 12 months or longer, Unrealized Losses	(16,916)	(26,117)
Available-for-sale, Total, Estimated Fair Value	435,333	623,232
Available-for-sale, Total, Unrealized Losses	(17,211)	(26,381)
Debt securities held-to-maturity:
Held-to-maturity, Less than 12 months, Estimated Fair Value	6,317	124,433
Held-to-maturity, Less than 12 months, Unrealized Losses	(371)	(1,559)
Held-to-maturity, 12 months or longer, Estimated Fair Value	821,120	849,609
Held-to-maturity, 12 months or longer, Unrealized Losses	(70,994)	(92,424)
Held To Maturity Securities Continuous Unrealized Loss Position Fair Value1	827,437	974,042
Held-to-maturity, total, unrealized losses	(71,365)	(93,983)
Total securities, Less than 12 months, Estimated Fair Value	198,817	295,809
Total securities, Less than 12 months, Unrealized Losses	(666)	(1,823)
Total securities, 12 months or longer, Estimated Fair Value	1,063,953	1,301,465
Total securities, 12 months or longer, Unrealized Losses	(87,910)	(118,541)
Total securities, Estimated Fair Value	1,262,770	1,597,274
Total securities, Unrealized Losses	(88,576)	(120,364)
Mortgage-backed securities:
Debt securities available-for-sale:
Available-for-sale, Less than 12 months, Estimated Fair Value	143,284	169,000
Available-for-sale, Less than 12 months, Unrealized Losses	(195)	(97)
Available-for-sale, 12 months or Longer, Estimated Fair Value	96,970	94,335
Available-for-sale, 12 months or longer, Unrealized Losses	(11,895)	(15,255)
Available-for-sale, Total, Estimated Fair Value	240,254	263,335
Available-for-sale, Total, Unrealized Losses	(12,090)	(15,352)
Debt securities held-to-maturity:
Held-to-maturity, Less than 12 months, Estimated Fair Value	1,276	114,678
Held-to-maturity, Less than 12 months, Unrealized Losses	(10)	(1,063)
Held-to-maturity, 12 months or longer, Estimated Fair Value	607,246	599,712
Held-to-maturity, 12 months or longer, Unrealized Losses	(59,309)	(74,429)
Held To Maturity Securities Continuous Unrealized Loss Position Fair Value1	608,522	714,390
Held-to-maturity, total, unrealized losses	(59,319)	(75,492)
U.S. government and agency obligations | Investment securities
Debt securities available-for-sale:
Available-for-sale, Less than 12 months, Estimated Fair Value	2,103	833
Available-for-sale, Less than 12 months, Unrealized Losses	(6)	(2)
Available-for-sale, 12 months or Longer, Estimated Fair Value	50,871	59,861
Available-for-sale, 12 months or longer, Unrealized Losses	(4,173)	(5,794)
Available-for-sale, Total, Estimated Fair Value	52,974	60,694
Available-for-sale, Total, Unrealized Losses	(4,179)	(5,796)
Corporate debt securities
Debt securities held-to-maturity:
Held-to-maturity, total, unrealized losses	(1,378)	(3,941)
Corporate debt securities | Investment securities
Debt securities available-for-sale:
Available-for-sale, Less than 12 months, Estimated Fair Value	4,788	1,543
Available-for-sale, Less than 12 months, Unrealized Losses	(54)	(165)
Available-for-sale, 12 months or Longer, Estimated Fair Value	5,988	6,116
Available-for-sale, 12 months or longer, Unrealized Losses	(741)	(816)
Available-for-sale, Total, Estimated Fair Value	10,776	7,659
Available-for-sale, Total, Unrealized Losses	(795)	(981)
Debt securities held-to-maturity:
Held-to-maturity, Less than 12 months, Estimated Fair Value	0	3,084
Held-to-maturity, Less than 12 months, Unrealized Losses	0	(473)
Held-to-maturity, 12 months or longer, Estimated Fair Value	38,713	58,386
Held-to-maturity, 12 months or longer, Unrealized Losses	(1,378)	(3,468)
Held To Maturity Securities Continuous Unrealized Loss Position Fair Value1	38,713	61,470
Held-to-maturity, total, unrealized losses	(1,378)	(3,941)
Asset-backed securities | Investment securities
Debt securities available-for-sale:
Available-for-sale, Less than 12 months, Estimated Fair Value	42,325	0
Available-for-sale, Less than 12 months, Unrealized Losses	(40)	0
Available-for-sale, 12 months or Longer, Estimated Fair Value	89,004	291,544
Available-for-sale, 12 months or longer, Unrealized Losses	(107)	(4,252)
Available-for-sale, Total, Estimated Fair Value	131,329	291,544
Available-for-sale, Total, Unrealized Losses	(147)	(4,252)
Agency residential
Debt securities held-to-maturity:
Held-to-maturity, total, unrealized losses	(54,907)	(70,040)
Agency residential | Mortgage-backed securities:
Debt securities available-for-sale:
Available-for-sale, Less than 12 months, Estimated Fair Value	143,284	169,000
Available-for-sale, Less than 12 months, Unrealized Losses	(195)	(97)
Available-for-sale, 12 months or Longer, Estimated Fair Value	0	0
Available-for-sale, 12 months or longer, Unrealized Losses	0	0
Available-for-sale, Total, Estimated Fair Value	143,284	169,000
Available-for-sale, Total, Unrealized Losses	(195)	(97)
Debt securities held-to-maturity:
Held-to-maturity, Less than 12 months, Estimated Fair Value	0	95,776
Held-to-maturity, Less than 12 months, Unrealized Losses	0	(693)
Held-to-maturity, 12 months or longer, Estimated Fair Value	514,518	525,751
Held-to-maturity, 12 months or longer, Unrealized Losses	(54,907)	(69,347)
Held To Maturity Securities Continuous Unrealized Loss Position Fair Value1	514,518	621,527
Held-to-maturity, total, unrealized losses	(54,907)	(70,040)
Agency commercial
Debt securities held-to-maturity:
Held-to-maturity, total, unrealized losses	(3,435)	(3,678)
Agency commercial | Mortgage-backed securities:
Debt securities available-for-sale:
Available-for-sale, Less than 12 months, Estimated Fair Value	0	0
Available-for-sale, Less than 12 months, Unrealized Losses	0	0
Available-for-sale, 12 months or Longer, Estimated Fair Value	96,970	94,335
Available-for-sale, 12 months or longer, Unrealized Losses	(11,895)	(15,255)
Available-for-sale, Total, Estimated Fair Value	96,970	94,335
Available-for-sale, Total, Unrealized Losses	(11,895)	(15,255)
Debt securities held-to-maturity:
Held-to-maturity, Less than 12 months, Estimated Fair Value	1,276	18,902
Held-to-maturity, Less than 12 months, Unrealized Losses	(10)	(370)
Held-to-maturity, 12 months or longer, Estimated Fair Value	73,251	55,051
Held-to-maturity, 12 months or longer, Unrealized Losses	(3,425)	(3,308)
Held To Maturity Securities Continuous Unrealized Loss Position Fair Value1	74,527	73,953
Held-to-maturity, total, unrealized losses	(3,435)	(3,678)
State and municipal debt obligations
Debt securities held-to-maturity:
Held-to-maturity, total, unrealized losses	(10,668)	(14,550)
State and municipal debt obligations | Investment securities
Debt securities held-to-maturity:
Held-to-maturity, Less than 12 months, Estimated Fair Value	5,041	6,671
Held-to-maturity, Less than 12 months, Unrealized Losses	(361)	(23)
Held-to-maturity, 12 months or longer, Estimated Fair Value	175,161	191,511
Held-to-maturity, 12 months or longer, Unrealized Losses	(10,307)	(14,527)
Held To Maturity Securities Continuous Unrealized Loss Position Fair Value1	180,202	198,182
Held-to-maturity, total, unrealized losses	(10,668)	(14,550)
Non-agency commercial
Debt securities held-to-maturity:
Held-to-maturity, total, unrealized losses	(977)	(1,774)
Non-agency commercial | Mortgage-backed securities:
Debt securities held-to-maturity:
Held-to-maturity, Less than 12 months, Estimated Fair Value	0	0
Held-to-maturity, Less than 12 months, Unrealized Losses	0	0
Held-to-maturity, 12 months or longer, Estimated Fair Value	19,477	18,910
Held-to-maturity, 12 months or longer, Unrealized Losses	(977)	(1,774)
Held To Maturity Securities Continuous Unrealized Loss Position Fair Value1	19,477	18,910
Held-to-maturity, total, unrealized losses	$ (977)	$ (1,774)

Securities - Schedule of Realiz

Securities - Schedule of Realized and Unrealized Gains or Losses on Equity Securities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Net gain (loss) on equity investments	$ 1,420	$ 1,452	$ 4,230	$ (5,908)
Less: Net losses recognized on equity investments sold	0	0	0	(5,462)
Unrealized gains (losses) recognized on equity investments still held	$ 1,420	$ 1,452	$ 4,230	$ (446)

Loans Receivable, Net - Schedul

Loans Receivable, Net - Schedule of Loans Receivable, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	$ 10,022,156		$ 10,194,595
Deferred origination costs, net of fees	10,508		9,263
Allowance for loan credit losses	(69,066)	$ (68,839)	(67,137)	$ (63,877)	$ (61,791)	$ (56,824)
Total loans receivable, net	9,963,598		10,136,721
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	6,775,968		6,964,397
Commercial | Commercial real estate – investor
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	5,273,159		5,353,974
Commercial | Commercial real estate – owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	841,930		943,891
Commercial | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	660,879		666,532
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	3,246,188		3,230,198
Allowance for loan credit losses	(1,354)	$ (1,307)	(988)	$ (852)	$ (871)	$ (1,106)
Consumer | Residential real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	3,003,213		2,979,534
Consumer | Home equity loans and lines and other consumer (“other consumer”)
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	$ 242,975		$ 250,664

Loans Receivable, Net - Sched_2

Loans Receivable, Net - Schedule of Total Loans by Year of Origination, Internally Assigned Credit Grades and Risk Characteristics (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	$ 359,396	$ 633,062
One year before current fiscal year	588,917	2,288,236
Two years before current fiscal year	1,902,738	2,039,019
Three years before current fiscal year	2,242,926	1,003,434
Four years before current fiscal year	961,000	855,884
Five years and prior before current fiscal year	2,838,806	2,243,184
Revolving lines of credit	1,128,373	1,131,776
Total	10,022,156	10,194,595
Commercial real estate – investor
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	66,729	137,028
One year before current fiscal year	138,564	1,165,955
Two years before current fiscal year	1,170,880	1,331,073
Three years before current fiscal year	1,309,947	534,285
Four years before current fiscal year	529,297	505,159
Five years and prior before current fiscal year	1,380,754	1,000,670
Revolving lines of credit	676,988	679,804
Total	5,273,159	5,353,974
Commercial real estate – investor | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	66,729	137,028
One year before current fiscal year	138,564	1,165,955
Two years before current fiscal year	1,147,606	1,328,012
Three years before current fiscal year	1,307,012	529,745
Four years before current fiscal year	524,774	490,438
Five years and prior before current fiscal year	1,288,200	930,337
Revolving lines of credit	669,660	679,804
Total	5,142,545	5,261,319
Commercial real estate – investor | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
One year before current fiscal year	0	0
Two years before current fiscal year	21,405	2,413
Three years before current fiscal year	2,340	790
Four years before current fiscal year	0	1,446
Five years and prior before current fiscal year	42,018	22,147
Revolving lines of credit	0	0
Total	65,763	26,796
Commercial real estate – investor | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
One year before current fiscal year	0	0
Two years before current fiscal year	1,869	648
Three years before current fiscal year	595	3,750
Four years before current fiscal year	4,523	13,275
Five years and prior before current fiscal year	50,536	48,186
Revolving lines of credit	7,328	0
Total	64,851	65,859
Commercial real estate – owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	28,705	66,642
One year before current fiscal year	62,077	120,280
Two years before current fiscal year	111,308	103,104
Three years before current fiscal year	91,752	59,179
Four years before current fiscal year	42,307	105,994
Five years and prior before current fiscal year	482,416	466,927
Revolving lines of credit	23,365	21,765
Total	841,930	943,891
Commercial real estate – owner occupied | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	28,705	66,642
One year before current fiscal year	62,077	120,280
Two years before current fiscal year	111,308	103,104
Three years before current fiscal year	91,752	59,179
Four years before current fiscal year	42,050	102,703
Five years and prior before current fiscal year	465,999	441,713
Revolving lines of credit	22,742	21,052
Total	824,633	914,673
Commercial real estate – owner occupied | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
One year before current fiscal year	0	0
Two years before current fiscal year	0	0
Three years before current fiscal year	0	0
Four years before current fiscal year	0	1,272
Five years and prior before current fiscal year	4,130	8,314
Revolving lines of credit	0	0
Total	4,130	9,586
Commercial real estate – owner occupied | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
One year before current fiscal year	0	0
Two years before current fiscal year	0	0
Three years before current fiscal year	0	0
Four years before current fiscal year	257	2,019
Five years and prior before current fiscal year	12,287	16,900
Revolving lines of credit	623	713
Total	13,167	19,632
Commercial and  Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	62,399	112,914
One year before current fiscal year	84,729	65,392
Two years before current fiscal year	45,526	19,590
Three years before current fiscal year	16,413	8,645
Four years before current fiscal year	4,990	7,923
Five years and prior before current fiscal year	48,325	52,651
Revolving lines of credit	398,497	399,417
Total	660,879	666,532
Commercial and  Industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	62,399	112,914
One year before current fiscal year	75,414	64,770
Two years before current fiscal year	41,917	19,473
Three years before current fiscal year	15,638	8,645
Four years before current fiscal year	4,990	7,778
Five years and prior before current fiscal year	47,784	51,082
Revolving lines of credit	384,477	383,013
Total	632,619	647,675
Commercial and  Industrial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
One year before current fiscal year	8,663	0
Two years before current fiscal year	0	0
Three years before current fiscal year	0	0
Four years before current fiscal year	0	0
Five years and prior before current fiscal year	0	184
Revolving lines of credit	106	2,859
Total	8,769	3,043
Commercial and  Industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
One year before current fiscal year	652	622
Two years before current fiscal year	3,609	117
Three years before current fiscal year	775	0
Four years before current fiscal year	0	145
Five years and prior before current fiscal year	541	1,385
Revolving lines of credit	13,914	13,545
Total	19,491	15,814
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	242,975	250,664
Consumer | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	179,699	283,619
One year before current fiscal year	275,197	916,519
Two years before current fiscal year	557,247	564,515
Three years before current fiscal year	806,728	388,650
Four years before current fiscal year	372,414	223,865
Five years and prior before current fiscal year	811,928	602,366
Revolving lines of credit	0	0
Total	3,003,213	2,979,534
Consumer | Other consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	21,864	32,859
One year before current fiscal year	28,350	20,090
Two years before current fiscal year	17,777	20,737
Three years before current fiscal year	18,086	12,675
Four years before current fiscal year	11,992	12,943
Five years and prior before current fiscal year	115,383	120,570
Revolving lines of credit	29,523	30,790
Total	242,975	250,664
Consumer | Pass | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	176,774	283,296
One year before current fiscal year	274,782	916,153
Two years before current fiscal year	555,502	564,515
Three years before current fiscal year	806,071	388,392
Four years before current fiscal year	372,414	223,247
Five years and prior before current fiscal year	807,021	600,118
Revolving lines of credit	0	0
Total	2,992,564	2,975,721
Consumer | Pass | Other consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	21,864	32,859
One year before current fiscal year	28,253	19,918
Two years before current fiscal year	17,743	20,737
Three years before current fiscal year	17,671	12,675
Four years before current fiscal year	11,992	12,937
Five years and prior before current fiscal year	113,644	118,486
Revolving lines of credit	29,523	30,658
Total	240,690	248,270
Consumer | Special Mention | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	2,925	0
One year before current fiscal year	0	0
Two years before current fiscal year	250	0
Three years before current fiscal year	657	0
Four years before current fiscal year	0	131
Five years and prior before current fiscal year	2,040	271
Revolving lines of credit	0	0
Total	5,872	402
Consumer | Special Mention | Other consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
One year before current fiscal year	97	172
Two years before current fiscal year	34	0
Three years before current fiscal year	343	0
Four years before current fiscal year	0	0
Five years and prior before current fiscal year	713	386
Revolving lines of credit	0	0
Total	1,187	558
Consumer | Substandard | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	323
One year before current fiscal year	415	366
Two years before current fiscal year	1,495	0
Three years before current fiscal year	0	258
Four years before current fiscal year	0	487
Five years and prior before current fiscal year	2,867	1,977
Revolving lines of credit	0	0
Total	4,777	3,411
Consumer | Substandard | Other consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
One year before current fiscal year	0	0
Two years before current fiscal year	0	0
Three years before current fiscal year	72	0
Four years before current fiscal year	0	6
Five years and prior before current fiscal year	1,026	1,698
Revolving lines of credit	0	132
Total	$ 1,098	$ 1,836

Loans Receivable, Net - Sched_3

Loans Receivable, Net - Schedule of Analysis of Allowance for Credit Losses on Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Allowance for credit losses on loans
Balance at beginning of period	$ 68,839	$ 61,791	$ 67,137	$ 56,824
Provision (benefit) for credit losses	139	10,357	3,642	15,400
Charge-offs	(124)	(8,379)	(2,165)	(8,595)
Recoveries	212	108	452	248
Balance at end of period	69,066	63,877	69,066	63,877
Commercial Real Estate – Investor
Allowance for credit losses on loans
Balance at beginning of period	27,853	24,481	27,899	21,070
Provision (benefit) for credit losses	3,074	9,602	4,671	13,010
Charge-offs	0	(8,350)	(1,646)	(8,350)
Recoveries	123	2	126	5
Balance at end of period	31,050	25,735	31,050	25,735
Commercial Real Estate – Owner Occupied
Allowance for credit losses on loans
Balance at beginning of period	3,931	4,342	4,354	4,423
Provision (benefit) for credit losses	(220)	119	(668)	38
Charge-offs	0	0	0	(6)
Recoveries	4	3	29	9
Balance at end of period	3,715	4,464	3,715	4,464
Commercial and  Industrial
Allowance for credit losses on loans
Balance at beginning of period	7,915	5,945	6,867	5,695
Provision (benefit) for credit losses	1,767	604	2,808	974
Charge-offs	0	0	0	(128)
Recoveries	2	13	9	21
Balance at end of period	9,684	6,562	9,684	6,562
Residential Real Estate
Allowance for credit losses on loans
Balance at beginning of period	27,833	26,152	27,029	24,530
Provision (benefit) for credit losses	(4,564)	95	(3,913)	1,700
Charge-offs	(35)	0	(35)	0
Recoveries	29	17	182	34
Balance at end of period	23,263	26,264	23,263	26,264
Other Consumer
Allowance for credit losses on loans
Balance at beginning of period	1,307	871	988	1,106
Provision (benefit) for credit losses	82	(63)	744	(322)
Charge-offs	(89)	(29)	(484)	(111)
Recoveries	54	73	106	179
Balance at end of period	$ 1,354	$ 852	$ 1,354	$ 852

Loans Receivable, Net - Sched_4

Loans Receivable, Net - Schedule of Gross Charge-Offs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Gross charge-off originated in year two	$ (33)		$ (33)
Gross charge-off originated in year four	0		(46)
Gross charge-off originated in year five		$ (8,350)		$ (8,350)
Gross charge-off originated in year five and prior	(91)	(29)	(2,086)	(245)
Total	(124)	(8,379)	(2,165)	(8,595)
Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Gross charge-off originated in year two	(33)		(33)
Gross charge-off originated in year four	0		0
Gross charge-off originated in year five and prior	(2)		(2)
Total	(35)	0	(35)	0
Commercial real estate – investor
Financing Receivable, Credit Quality Indicator [Line Items]
Gross charge-off originated in year two			0
Gross charge-off originated in year four			(46)
Gross charge-off originated in year five		(8,350)		(8,350)
Gross charge-off originated in year five and prior		0	(1,600)	0
Total	0	(8,350)	(1,646)	(8,350)
Commercial real estate – owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Gross charge-off originated in year five				0
Gross charge-off originated in year five and prior				(6)
Total	0	0	0	(6)
Commercial and  Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross charge-off originated in year five				0
Gross charge-off originated in year five and prior				(128)
Total	0	0	0	(128)
Other consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Gross charge-off originated in year two	0		0
Gross charge-off originated in year four	0		0
Gross charge-off originated in year five		0		0
Gross charge-off originated in year five and prior	(89)	(29)	(484)	(111)
Total	$ (89)	$ (29)	$ (484)	$ (111)

Loans Receivable, Net - Narrati

Loans Receivable, Net - Narrative (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, modified, accumulated	$ 23,700,000	$ 8,900,000
Outstanding commitments to lend to borrowers with loan modifications	0	0
Paycheck Protection Program
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commitments to lend additional funds to borrowers	0	0
Commercial real estate – investor
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount	7,100,000	15,200,000
Commercial real estate – owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount	3,700,000	352,000
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount	122,000	304,000
Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount	$ 5,900,000	$ 2,600,000

Loans Receivable, Net - Sched_5

Loans Receivable, Net - Schedule of Recorded Investment in Non-Accrual Loans, by Loan Portfolio Segment (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	$ 28,139	$ 29,548
Commercial real estate – investor
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	12,478	20,820
Estimated realizable value		8,800
Commercial real estate – owner occupied
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	4,368	351
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	122	304
Residential real estate
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	9,108	5,542
Other Consumer
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	$ 2,063	$ 2,531

Loans Receivable, Net - Sched_6

Loans Receivable, Net - Schedule of Aging of Recorded Investment in Past Due Loans by Loan Portfolio Segment (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Total loans receivable	$ 10,022,156	$ 10,194,595
Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	29,730	40,088
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	6,778	17,206
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	8,680	1,996
90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	14,272	20,886
Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	9,992,426	10,154,507
Commercial real estate – investor
Financing Receivable, Past Due [Line Items]
Total loans receivable	5,273,159	5,353,974
Estimated realizable value		8,800
Commercial real estate – investor | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	8,798	16,863
Commercial real estate – investor | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	366	978
Commercial real estate – investor | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,604	684
Commercial real estate – investor | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	6,828	15,201
Commercial real estate – investor | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	5,264,361	5,337,111
Commercial real estate – owner occupied
Financing Receivable, Past Due [Line Items]
Total loans receivable	841,930	943,891
Commercial real estate – owner occupied | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	2,371	980
Commercial real estate – owner occupied | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	924	335
Commercial real estate – owner occupied | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	0	352
Commercial real estate – owner occupied | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,447	293
Commercial real estate – owner occupied | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	839,559	942,911
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Total loans receivable	660,879	666,532
Commercial and industrial | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	405	308
Commercial and industrial | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	266	163
Commercial and industrial | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	17	0
Commercial and industrial | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	122	145
Commercial and industrial | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	660,474	666,224
Residential real estate
Financing Receivable, Past Due [Line Items]
Total loans receivable	3,003,213	2,979,534
Residential real estate | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	12,349	18,671
Residential real estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,700	14,858
Residential real estate | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	5,872	402
Residential real estate | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	4,777	3,411
Residential real estate | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	2,990,864	2,960,863
Other Consumer
Financing Receivable, Past Due [Line Items]
Total loans receivable	242,975	250,664
Other Consumer | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	5,807	3,266
Other Consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	3,522	872
Other Consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,187	558
Other Consumer | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	1,098	1,836
Other Consumer | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total loans receivable	$ 237,168	$ 247,398

Loans Receivable, Net - Sched_7

Loans Receivable, Net - Schedule of Loans Modifications made to Borrowers (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		15 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans	$ 0	$ 235	$ 15,149	$ 1,133	$ 22,863
% of Total by Loan Portfolio Segment	0%	0%	0.15%	0.01%
Term Extension
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans	$ 0	$ 65	$ 129	$ 963
Interest Rate Reduction
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans	0	0	4,878	0
Combination of Term Extension and Interest Rate Reduction
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans	0	170	7,148	170
Other Than Insignificant Payment Delay
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans	$ 0	0	2,994	0
Commercial real estate – investor
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans			$ 11,878		19,645
% of Total by Loan Portfolio Segment			0.23%
Commercial real estate – investor | Term Extension
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans			$ 0
Commercial real estate – investor | Interest Rate Reduction
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans			4,878
Commercial real estate – investor | Combination of Term Extension and Interest Rate Reduction
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans			7,000
Commercial real estate – investor | Other Than Insignificant Payment Delay
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans			0
Commercial real estate – owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans			$ 2,994
% of Total by Loan Portfolio Segment			0.36%
Commercial real estate – owner occupied | Term Extension
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans			$ 0
Commercial real estate – owner occupied | Interest Rate Reduction
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans			0
Commercial real estate – owner occupied | Combination of Term Extension and Interest Rate Reduction
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans			0
Commercial real estate – owner occupied | Other Than Insignificant Payment Delay
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans			2,994
Residential Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans		$ 65	$ 129	$ 723	128
% of Total by Loan Portfolio Segment		0%	0%	0.02%
Residential Real Estate | Term Extension
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans		$ 65	$ 129	$ 723
Residential Real Estate | Interest Rate Reduction
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans		0	0	0
Residential Real Estate | Combination of Term Extension and Interest Rate Reduction
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans		0	0	0
Residential Real Estate | Other Than Insignificant Payment Delay
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans		0	0	0
Other Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans		$ 170	$ 148	$ 410	$ 194
% of Total by Loan Portfolio Segment		0.07%	0.06%	0.16%
Other Consumer | Term Extension
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans		$ 0	$ 0	$ 240
Other Consumer | Interest Rate Reduction
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans		0	0	0
Other Consumer | Combination of Term Extension and Interest Rate Reduction
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans		170	148	170
Other Consumer | Other Than Insignificant Payment Delay
Financing Receivable, Allowance for Credit Loss [Line Items]
Modified loans		$ 0	$ 0	$ 0

Loans Receivable, Net - Sched_8

Loans Receivable, Net - Schedule of Troubled Debt Restructuring Loans (Details) $ in Thousands	3 Months Ended		9 Months Ended		15 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($) loan	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($) loan	Sep. 30, 2024 USD ($)
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified loans	$ 0	$ 235	$ 15,149	$ 1,133	$ 22,863
Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified loans				993	22,716
60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified loans				0	147
90 Days or Greater Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified loans				140	0
Commercial real estate – investor
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified loans			11,878		19,645
Commercial real estate – investor | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified loans					19,645
Commercial real estate – investor | 60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified loans					0
Commercial real estate – investor | 90 Days or Greater Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified loans					0
Commercial real estate – owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified loans					2,896
Commercial real estate – owner occupied | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified loans					2,896
Commercial real estate – owner occupied | 60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified loans					0
Commercial real estate – owner occupied | 90 Days or Greater Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified loans					0
Residential Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified loans		$ 65	129	723	128
Residential Real Estate | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified loans				583	128
Residential Real Estate | 60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified loans				0	0
Residential Real Estate | 90 Days or Greater Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified loans				$ 140	0
Number of loans defaulted | loan		1		1
Other Consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified loans		$ 170	$ 148	$ 410	194
Other Consumer | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified loans				410	47
Other Consumer | 60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified loans				0	147
Other Consumer | 90 Days or Greater Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified loans				$ 0	$ 0

Deposits - Schedule of Major Ty

Deposits - Schedule of Major Types of Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Banking and Thrift, Other Disclosure [Abstract]
Non-interest-bearing	$ 1,638,447	$ 1,657,119
Interest-bearing checking	3,896,348	3,911,766
Money market deposit	1,288,555	1,021,805
Savings	1,071,946	1,398,837
Time deposits	2,220,871	2,445,422
Total deposits	$ 10,116,167	$ 10,434,949

Deposits - Narrative (Details)

Deposits - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Banking and Thrift, Other Disclosure [Abstract]
Time deposits, $250,000 and over	$ 451.1	$ 412
Time deposits also include brokered deposits	$ 201	$ 631.5

Borrowed Funds - Schedule of Bo

Borrowed Funds - Schedule of Borrowed Funds (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
FHLB advances	$ 891,860	$ 848,636
Securities sold under agreements to repurchase with customers	81,163	73,148
Other borrowings	419,927	196,456
Total borrowed funds	$ 1,392,950	$ 1,118,240

Borrowed Funds - Narrative (Det

Borrowed Funds - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
FHLB advances	$ 891,860	$ 848,636
Other borrowings	419,927	196,456
Federal Home Loan Bank Advances
Debt Instrument [Line Items]
FHLB advances	60,000	0
Federal Home Loan Bank Advances
Debt Instrument [Line Items]
FHLB advances	$ 831,900	$ 848,600

Borrowed Funds - Schedule of Pl

Borrowed Funds - Schedule of Pledged Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Loans	$ 9,963,598	$ 10,136,721
Debt securities	911,753	753,892
Total assets	13,488,483	13,538,253
FHLB and FRB
Debt Instrument [Line Items]
Loans	7,399,276	7,255,671
Debt securities	1,131,698	1,051,558
Total assets	8,530,974	8,307,229
Repurchase agreements
Debt Instrument [Line Items]
Loans	0	0
Debt securities	86,440	103,416
Total assets	86,440	103,416
Total pledged assets
Debt Instrument [Line Items]
Loans	7,399,276	7,255,671
Debt securities	1,218,138	1,154,974
Total assets	$ 8,617,414	$ 8,410,645

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Financial Assets and Financial Liabilities Measured at Fair Value (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unrealized gain (loss)	$ 1,420,000	$ 1,452,000	$ 4,230,000	$ (446,000)
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%
Fair Value Measured at Net Asset Value Per Share
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investment funds measured at NAV	3,900,000		$ 3,900,000		$ 3,400,000
Items measured on a recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities available-for-sale	911,753,000		911,753,000		753,892,000
Equity investments	45,631,000		45,631,000		53,166,000
Interest rate derivative asset	67,791,000		67,791,000		87,776,000
Interest rate derivative liability	(67,415,000)		(67,415,000)		(87,848,000)
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	48,542,000		48,542,000		43,036,000
Equity investments	0		0		0
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	863,211,000		863,211,000		710,856,000
Equity investments	45,631,000		45,631,000		53,166,000
Interest rate derivative asset	67,791,000		67,791,000		87,776,000
Interest rate derivative liability	(67,415,000)		(67,415,000)		(87,848,000)
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		0
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	50,057,000		50,057,000		46,997,000
Items measured on a non-recurring basis | Loans measured for impairment based on the fair value of the underlying collateral
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans measured for impairment based on the fair value of the underlying collateral	16,814,000		16,814,000		18,509,000
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
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
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	46,176,000		46,176,000		43,576,000
Items measured on a non-recurring basis | Level 3 Inputs | Loans measured for impairment based on the fair value of the underlying collateral
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans measured for impairment based on the fair value of the underlying collateral	16,814,000		16,814,000		18,509,000
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	$ 46,200,000		46,200,000		43,600,000
Unrealized gain (loss)			$ 0		$ 0

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Book Value and Estimated Fair Value of Significant Financial Instruments Not Recorded at Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financial Assets:
Debt securities held-to-maturity	$ 1,007,781	$ 1,068,438
Restricted equity investments	98,545	93,766
Financial Liabilities:
Time deposits	2,220,871	2,445,422
Securities sold under agreements to repurchase with customers	81,163	73,148
Level 1 Inputs
Financial Assets:
Cash and due from banks	214,171	153,718
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	81,163	73,148
Level 2 Inputs
Financial Assets:
Cash and due from banks	0	0
Debt securities held-to-maturity	1,007,781	1,068,438
Restricted equity investments	0	0
Loans receivable, net and loans held-for-sale	0	0
Financial Liabilities:
Deposits other than time deposits	7,895,296	7,989,527
Time deposits	2,220,572	2,421,058
FHLB advances and other borrowings	1,308,840	1,008,351
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	0	0
Restricted equity investments	98,545	93,766
Loans receivable, net and loans held-for-sale	9,545,091	9,606,498
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	214,171	153,718
Debt securities held-to-maturity	1,075,131	1,159,735
Restricted equity investments	98,545	93,766
Loans receivable, net and loans held-for-sale	9,986,634	10,141,887
Financial Liabilities:
Deposits other than time deposits	7,895,296	7,989,527
Time deposits	2,220,871	2,445,422
FHLB advances and other borrowings	1,311,787	1,045,092
Securities sold under agreements to repurchase with customers	$ 81,163	$ 73,148

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2022	Dec. 31, 2023
Derivative [Line Items]
Floating rate percentage					4%
Addition to interest income			$ 174
Collateral already posted, fair value	$ 0		0			$ 0
Collateral received from third parties	55,800		55,800			88,300
Credit risk derivative liability, fair value	67,415		67,415			$ 87,848
Interest rate swap contract
Derivative [Line Items]
Loss in fair vale adjustments	$ 25	$ 2	$ 14	$ 2
Derivative term					3 years

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Schedule of Accumulated Other Comprehensive Income/Loss Attributable to Cash Flow Hedge Derivative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 1,676,669	$ 1,626,283	$ 1,661,945	$ 1,585,464
Ending balance	1,694,508	1,637,604	1,694,508	1,637,604
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(776)	(909)	(36)	(25)
Unrealized gains (losses) recognized in OCI	837	(622)	(418)	(1,798)
Losses reclassified from AOCI into interest income	253	246	768	538
Ending balance	$ 314	$ (1,285)	$ 314	$ (1,285)

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Schedule of Notional Amount and Fair Value of Derivatives Designated and Not Designated as Hedging Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities
Derivative, notional amount	$ 1,588,359	$ 1,518,276
Credit risk derivative asset, fair value	67,791	87,776
Credit risk derivative liability, fair value	67,415	87,848
Not Designated as Hedging Instrument | Interest rate swaps and cap contracts
Derivatives, Fair Value [Line Items]
Derivative, notional amount	1,488,359	1,418,276
Credit risk derivative asset, fair value	67,376	87,776
Credit risk derivative liability, fair value	67,415	87,801
Designated as Hedging Instrument | Interest rate swap contract
Derivatives, Fair Value [Line Items]
Derivative, notional amount	100,000	100,000
Credit risk derivative asset, fair value	415	0
Credit risk derivative liability, fair value	$ 0	$ 47

Leases - Narrative (Details)

Leases - Narrative (Details)	9 Months Ended
	Sep. 30, 2024 lease renewalTerm
Leases [Abstract]
Number of finance leases | lease	1
Number of option to renew | renewalTerm	1

Leases - Schedule of Right-of-U

Leases - Schedule of Right-of-Use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Lease ROU Assets
Operating lease ROU assets	$ 16,098	$ 18,979
Finance lease ROU asset	1,129	1,304
Total lease ROU assets	$ 17,227	$ 20,283
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	$ 17,831	$ 20,018
Finance lease liability	1,489	1,685
Total lease liabilities	$ 19,320	$ 21,703
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	$ 4,800	$ 5,900

Leases - Schedule of Weighted-A

Leases - Schedule of Weighted-Average Remaining Lease Term and Discount Rate (Details)	Sep. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Operating leases, weighted-average remaining lease term	6 years 3 days	6 years 6 months 7 days
Finance lease, weighted-average remaining lease term	4 years 10 months 6 days	5 years 7 months 6 days
Operating leases, weighted-average discount rate	3.09%	3.02%
Finance lease, weighted-average discount rate	5.63%	5.63%

Leases - Schedule of Lease Expe

Leases - Schedule of Lease Expenses and Other Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Lease Expense
Operating lease expense	$ 1,136	$ 1,153	$ 3,441	$ 3,472
Finance lease expense:
Amortization of ROU assets	59	58	175	170
Interest on lease liabilities	21	25	66	77
Total	1,216	1,236	3,682	3,719
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	1,214	1,154	3,336	3,414
Operating cash flows from finance leases	21	25	66	77
Financing cash flows from finance leases	$ 66	$ 63	$ 196	$ 186

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Payments for Financing and Operating Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Finance Lease
2024	$ 88
2025	350
2026	350
2027	350
2028	350
Thereafter	208
Total	1,696
Less: Imputed interest	(207)
Total lease liabilities	1,489	$ 1,685
Operating Leases
2024	1,226
2025	4,719
2026	4,070
2027	2,696
2028	1,524
Thereafter	5,545
Total	19,780
Less: Imputed interest	(1,949)
Total lease liabilities	$ 17,831	$ 20,018

Variable Interest Entity (Detai

Variable Interest Entity (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Variable Interest Entity [Line Items]
Other assets	$ 159,313	$ 179,661
Total assets	13,488,483	13,538,253
Other liabilities	257,576	300,712
VIE
Variable Interest Entity [Line Items]
Cash and cash equivalents	26,936	22,151
Other assets	440	606
Total assets	27,376	22,757
Other liabilities	25,243	20,803
Net assets	$ 2,133	$ 1,954

Subsequent Event (Details)

Subsequent Event (Details) $ in Millions	Oct. 01, 2024 USD ($)
Subsequent Event | Spring Garden Capital Group, LLC
Subsequent Event [Line Items]
Consideration paid	$ 68