Provident Financial Services (PFS) 10-K 1 Mar 22 2021 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Feb. 01, 2022	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	1-31566
Entity Registrant Name	PROVIDENT FINANCIAL SERVICES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	42-1547151
Entity Address, Address Line One	239 Washington Street
Entity Address, City or Town	Jersey City
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07302
City Area Code	732
Local Phone Number	590-9200
Title of 12(b) Security	Common
Trading Symbol	PFS
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		77,112,512
Entity Public Float			$ 1,710
Documents Incorporated by Reference	Proxy Statement for the 2022 Annual Meeting of Stockholders of the Registrant (Part III).
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Central Index Key	0001178970

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021
Audit Information [Abstract]
Auditor Location	Short Hills, New Jersey
Auditor Firm ID	185
Auditor Name	KPMG LLP

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Cash and due from banks	$ 506,270	$ 404,355
Short-term investments	206,193	127,998
Total cash and cash equivalents	712,463	532,353
Available for sale debt securities, at fair value	2,057,851	1,105,489
Held to maturity debt securities, net (fair value of $449,709 and $472,529 at December 31, 2021 and December 31, 2020, respectively).	436,150	450,965
Equity securities, at fair value	1,325	971
Federal Home Loan Bank stock	34,290	59,489
Loans	9,581,624	9,822,890
Less allowance for credit losses	80,740	101,466
Net loans	9,500,884	9,721,424
Foreclosed assets, net	8,731	4,475
Banking premises and equipment, net	80,559	75,946
Accrued interest receivable	41,990	46,450
Intangible assets	464,183	466,212
Bank-owned life insurance	236,630	234,607
Other assets	206,146	221,360
Total assets	13,781,202	12,919,741
Deposits:
Demand deposits	9,080,956	7,395,508
Savings deposits	1,460,541	1,348,147
Certificates of deposit of $100 thousand or more	368,277	717,216
Other time deposits	324,238	376,958
Total deposits	11,234,012	9,837,829
Mortgage escrow deposits	34,440	34,298
Borrowed funds	626,774	1,175,972
Subordinated debentures	10,283	25,135
Other liabilities	178,597	226,710
Total liabilities	12,084,106	11,299,944
Stockholders’ Equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued	0	0
Common stock, $0.01 par value, 200,000,000 shares authorized, 83,209,012 shares issued and 76,969,999 shares outstanding at December 31, 2021, and 83,209,012 shares issued and 76,111,107 shares outstanding at December 31, 2020, respectively.	832	832
Additional paid-in capital	969,815	962,453
Retained earnings	814,533	718,090
Accumulated other comprehensive income, net of tax	6,863	17,655
Treasury stock	(79,603)	(59,018)
Unallocated common stock held by the Employee Stock Ownership Plan	(15,344)	(20,215)
Common stock acquired by deferred compensation plans	(3,984)	(4,549)
Deferred compensation plans	3,984	4,549
Total stockholders’ equity	1,697,096	1,619,797
Total liabilities and stockholders’ equity	$ 13,781,202	$ 12,919,741

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Held-to-maturity, debt securities	$ 449,709	$ 472,529
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	83,209,012	83,209,012
Common stock, shares outstanding (in shares)	76,969,999	76,111,107

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest income:
Real estate secured loans	$ 252,336	$ 224,925	$ 223,361
Commercial loans	99,163	82,157	82,540
Consumer loans	13,574	16,922	18,579
Available for sale debt securities and Federal Home Loan Bank stock	23,798	25,446	31,842
Held to maturity debt securities	10,743	11,461	12,424
Deposits, federal funds sold and other short-term investments	2,725	2,398	2,724
Total interest income	402,339	363,309	371,470
Interest expense:
Deposits	26,513	33,589	45,494
Borrowed funds	8,614	16,638	28,003
Subordinated debentures	1,189	512	0
Total interest expense	36,316	50,739	73,497
Net interest income	366,023	312,570	297,973
Provision (benefit) charge for credit losses	(24,339)	29,719	13,100
Net interest income after provision for credit losses	390,362	282,851	284,873
Non-interest income:
Fees	29,967	23,847	28,321
Wealth management income	30,756	25,733	22,503
Insurance agency income	10,216	3,513	0
Bank-owned life insurance	7,930	6,491	6,297
Net gain on securities transactions	255	81	72
Other income	7,685	12,766	6,601
Total non-interest income	86,809	72,431	63,794
Non-interest expense:
Compensation and employee benefits	143,366	130,868	116,849
Net occupancy expense	32,932	27,142	25,895
Data processing expense	19,755	20,767	16,836
FDIC Insurance	6,260	3,116	1,316
Advertising and promotion expense	3,951	4,400	4,115
Credit loss expense for off-balance sheet credit exposure	1,515	1,814	0
Amortization of intangibles	3,664	3,425	2,740
Other operating expenses	38,610	36,196	33,828
Total non-interest expenses	250,053	227,728	201,579
Income before income tax expense	227,118	127,554	147,088
Income tax expense	59,197	30,603	34,455
Net income	$ 167,921	$ 96,951	$ 112,633
Basic earnings per share (in dollars per share)	$ 2.20	$ 1.39	$ 1.74
Average basic shares outstanding (in shares)	76,471,933	69,548,499	64,604,224
Diluted earnings per share (in dollars per share)	$ 2.19	$ 1.39	$ 1.74
Average diluted shares outstanding (in shares)	76,560,840	69,625,958	64,734,591

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 167,921	$ 96,951	$ 112,633
Unrealized gains and losses on available for sale debt securities:
Net unrealized (losses) gains arising during the period	(23,730)	14,944	18,351
Reclassification adjustment for gains included in net income	(171)	0	0
Total	(23,901)	14,944	18,351
Unrealized gains (losses) on derivatives (cash flow hedges)	9,047	(5,269)	(579)
Amortization related to post-retirement obligations	4,062	4,159	(1,615)
Total other comprehensive (loss) income, net of tax	(10,792)	13,834	16,157
Total comprehensive income	$ 157,129	$ 110,785	$ 128,790

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	COMMON STOCK	ADDITIONAL PAID-IN CAPITAL	RETAINED EARNINGS	RETAINED EARNINGSCumulative Effect, Period of Adoption, Adjustment	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	TREASURY STOCK	UNALLOCATED ESOP SHARES	COMMON STOCK ACQUIRED BY DDFP	DEFERRED COMPENSATION DDFP
Balance at the beginning of the period at Dec. 31, 2018	$ 1,358,980	$ 4,350	$ 832	$ 1,021,533	$ 651,099	$ 4,350	$ (12,336)	$ (272,470)	$ (29,678)	$ (4,504)	$ 4,504
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	112,633				112,633
Other comprehensive income, net of tax	16,157						16,157
Cash dividends paid	(72,809)				(72,809)
Distributions from DDFP	164			164						671	(671)
Purchases of treasury stock	(19,867)							(19,867)
Purchase of employee restricted shares to fund statutory tax withholding	(1,985)							(1,985)
Shares issued dividend reinvestment plan	2,230			671				1,559
Reclass of stock award shares	0			(24,024)				24,024
Option exercises	139			(96)				235
Allocation of ESOP shares	6,996			2,203					4,793
Allocation of SAP shares	6,671			6,671
Allocation of stock options	181			181
Balance at the end of the period at Dec. 31, 2019	$ 1,413,840	$ (8,311)	832	1,007,303	695,273	$ (8,311)	3,821	(268,504)	(24,885)	(3,833)	3,833
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]	Accounting Standards Update 2016-13
Net income	$ 96,951				96,951
Other comprehensive income, net of tax	13,834						13,834
Cash dividends paid	(65,823)				(65,823)
Distributions from DDFP	84			84						620	(620)
Purchases of treasury stock	(21,161)							(21,161)
Purchase of employee restricted shares to fund statutory tax withholding	(969)							(969)
Shares issued dividend reinvestment plan	451			50				401
Treasury shares issued due to acquisition	180,828			(50,387)				231,215
Allocation of ESOP shares	4,554			(116)					4,670
Allocation of SAP shares	5,330			5,330
Allocation of stock options	189			189
Balance at the end of the period at Dec. 31, 2020	1,619,797		832	962,453	718,090		17,655	(59,018)	(20,215)	(4,549)	4,549
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	167,921				167,921
Other comprehensive income, net of tax	(10,792)						(10,792)
Cash dividends paid	(71,478)				(71,478)
Distributions from DDFP	154			154						565	(565)
Purchases of treasury stock	(20,711)							(20,711)
Purchase of employee restricted shares to fund statutory tax withholding	(961)							(961)
Option exercises	887			(200)				1,087
Allocation of ESOP shares	6,628			1,757					4,871
Allocation of SAP shares	5,451			5,451
Allocation of stock options	200			200
Balance at the end of the period at Dec. 31, 2021	$ 1,697,096		$ 832	$ 969,815	$ 814,533		$ 6,863	$ (79,603)	$ (15,344)	$ (3,984)	$ 3,984

Consolidated Statement of Cha_2

Consolidated Statement of Changes in Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Cash dividends paid (in dollars per share)	$ 0.94	$ 0.92	$ 1.12

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net income	$ 167,921	$ 96,951	$ 112,633
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of intangibles	12,656	11,012	10,395
Provision (benefit) charge for credit losses	(24,339)	29,719	13,100
Credit loss expense for off-balance sheet credit exposure	1,515	1,814	0
Deferred tax expense (benefit)	12,413	(7,929)	1,674
Amortization of operating lease right-of-use assets	10,074	9,012	8,433
Income on Bank-owned life insurance	(7,930)	(6,491)	(6,297)
Net amortization of premiums and discounts on securities	15,841	10,058	7,789
Accretion of net deferred loan fees	(7,763)	(9,492)	(5,643)
Amortization of premiums on purchased loans, net	604	1,032	845
Net increase in loans originated for sale	(47,675)	(87,413)	(16,212)
Proceeds from sales of loans originated for sale	49,530	89,126	17,202
Proceeds from sales and paydowns of foreclosed assets	1,368	3,610	1,354
ESOP expense	4,318	2,401	4,533
Allocation of stock award shares	5,451	5,330	6,671
Allocation of stock options	200	189	181
Net gain on sale of loans	(1,855)	(1,713)	(990)
Net gain on securities transactions	(255)	(81)	(72)
Net gain on sale of premises and equipment	(42)	(947)	0
Net gain on sale of foreclosed assets	(461)	(821)	(190)
Decrease in accrued interest receivable	4,460	8,472	2,444
Decrease (increase) in other assets	10,264	(106,811)	(46,237)
(Decrease) increase in other liabilities	(48,113)	59,883	25,312
Net cash provided by operating activities	158,182	106,911	136,925
Cash flows from investing activities:
Proceeds from maturities, calls and paydowns of held to maturity debt securities	47,637	62,051	42,696
Purchases of held to maturity debt securities	(34,599)	(49,228)	(20,303)
Proceeds from sales of available for sale debt securities	9,442	13,905	0
Proceeds from maturities, calls and paydowns of available for sale debt securities	393,173	350,335	223,806
Purchases of available for sale debt securities	(1,400,980)	(248,863)	(117,022)
Proceeds from redemption of Federal Home Loan Bank stock	30,870	115,630	172,293
Purchases of Federal Home Loan Bank stock	(5,671)	(106,605)	(160,778)
BOLI claim benefits received	7,964	6,527	1,891
Cash received, net of cash consideration paid for acquisition	0	78,089	(15,022)
Purchases of loans	(5,230)	0	0
Net decrease (increase) in loans	253,221	(717,947)	(79,812)
Proceeds from sales of premises and equipment	42	947	0
Purchases of premises and equipment	(13,805)	(12,825)	(4,882)
Net cash (used in) provided by investing activities	(717,936)	(507,984)	42,867
Cash flows from financing activities:
Net increase in deposits	1,396,183	977,442	272,487
Increase in mortgage escrow deposits	142	7,494	1,236
Purchase of treasury stock	(20,711)	(21,161)	(19,867)
Purchase of employee restricted shares to fund statutory tax withholding	(961)	(969)	(1,985)
Cash dividends paid to stockholders	(71,478)	(65,823)	(72,809)
Shares issued to dividend reinvestment plan	0	451	2,230
Stock options exercised	887	0	139
Proceeds from long-term borrowings	913,685	2,429,999	1,243,000
Payments on long-term borrowings	(1,454,440)	(2,286,722)	(1,549,551)
Net decrease in short-term borrowings	(8,443)	(294,033)	(10,585)
Repayment of subordinated debentures	(15,000)	0	0
Net cash provided by (used in) financing activities	739,864	746,678	(135,705)
Net increase in cash and cash equivalents	180,110	345,605	44,087
Cash and cash equivalents at beginning of period	418,053	109,748	104,681
Restricted cash at beginning of period	114,300	77,000	37,980
Total cash, cash equivalents and restricted cash at beginning of period	532,353	186,748	142,661
Cash and cash equivalents at end of period	685,163	418,053	109,748
Restricted cash at end of period	27,300	114,300	77,000
Total cash, cash equivalents and restricted cash at end of period	712,463	532,353	186,748
Cash paid during the period for:
Interest on deposits and borrowings	35,910	49,419	73,664
Income taxes	57,471	36,514	34,494
Non cash investing activities:
Initial recognition of operating lease right-of-use assets	0	0	44,946
Initial recognition of operating lease liabilities	0	0	46,050
Transfer of loans receivable to foreclosed assets	434	2,516	2,314
Non-cash assets acquired at fair value:
Investment securities	0	255,242	0
Loans, net	0	1,752,529	0
Bank-owned life insurance	0	37,237	0
Goodwill and other intangible assets, net	0	32,404	21,562
Bank premises and equipment	0	16,620	0
Other assets	0	23,587	71
Total non-cash assets acquired at fair value	0	2,117,619	21,633
Liabilities assumed:
Deposits	0	1,757,777	0
Borrowings and subordinated debt	0	226,656	0
Other Liabilities	0	30,447	0
Total liabilities assumed	0	2,014,880	0
Common stock issued for acquisitions	$ 0	$ 180,828	$ 0

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation The consolidated financial statements include the accounts of Provident Financial Services, Inc. (the “Company”), Provident Bank (the “Bank”) and their wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Certain reclassifications have been made in the consolidated financial statements to conform with current year classifications. Business The Company, through the Bank, provides a full range of banking services to individual and business customers through branch offices in New Jersey, Queens County, New York and eastern Pennsylvania. The Bank is subject to competition from other financial institutions and to the regulations of certain federal and state agencies, and undergoes periodic examinations by those regulatory authorities. Basis of Financial Statement Presentation The consolidated financial statements of the Company have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”). In preparing the consolidated financial statements, management is required to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the reported amounts of assets and liabilities and disclosures about contingent assets and liabilities as of the dates of the consolidated statements of financial condition, and revenues and expenses for the periods then ended. Such estimates are used in connection with the determination of the allowance for credit losses, evaluation of goodwill for impairment, evaluation of the need for valuation allowances on deferred tax assets, and determination of liabilities related to retirement and other post-retirement benefits, among others. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the currently forecasted economic environment, which management believes to be reasonable under the circumstances. Such estimates and assumptions are adjusted when facts and circumstances dictate. Illiquid credit markets, volatile securities markets, and declines in the housing market and the economy generally have combined to increase the uncertainty inherent in such estimates and assumptions. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in estimates will be reflected in the financial statements in future periods. Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash and due from banks, Federal funds sold and commercial paper with original maturity dates less than 90 days. Securities Securities include held to maturity debt securities and available for sale debt securities. The available for sale debt securities portfolio is carried at estimated fair value, with any unrealized gains or losses, net of taxes, reported as accumulated other comprehensive income or loss in Stockholders’ Equity. Estimated fair values are provided by reputable and widely used pricing services who maintain pricing methodologies appropriate for varying security classes using valuation techniques that are in accordance with U.S. GAAP. Securities which the Company has the positive intent and ability to hold to maturity are classified as held to maturity debt securities and carried at amortized cost. On January 1, 2020, the Company adopted CECL which replaces the incurred loss methodology with an expected loss methodology. Management measures expected credit losses on held to maturity debt securities on a collective basis by security type. Management classifies the held to maturity debt securities portfolio into the following security types: • Agency obligations; • Mortgage-backed securities; • State and municipal obligations; and • Corporate obligations. All of the agency obligations held by the Company are issued by U.S. government entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. The majority of the state and municipal, and corporate obligations carry no lower than A ratings from the rating agencies at December 31, 2021 and the Company had one security rated with a triple-B by Moody’s Investors Service. Premiums on securities are amortized to income using a method that approximates the interest method over the remaining period to the earliest call date or contractual maturity, adjusted for anticipated prepayments. Discounts on securities are accreted to income over the remaining period to the contractual maturity, adjusted for anticipated prepayments. Interest income is recognized on an accrual basis, while dividend income is recognized when earned. Realized gains and losses are recognized when securities are sold or called based on the specific identification method. Equity Securities The Company holds equity securities that are traded in active markets with readily accessible quoted market prices. Fair Value of Financial Instruments GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Federal Home Loan Bank of New York Stock The Bank, as a member of the Federal Home Loan Bank of New York (“FHLBNY”), is required to hold shares of capital stock of the FHLBNY at cost based on a specified formula. The Bank carries this investment at cost, which approximates fair value. Loans Loans receivable are carried at unpaid principal balances plus unamortized premiums, purchase accounting mark-to-market adjustments, certain deferred direct loan origination costs and deferred loan origination fees and discounts, less the allowance for credit losses. The Bank defers loan origination fees and certain direct loan origination costs and accretes or amortizes such amounts as an adjustment to the yield over the contractual lives of the related loans using the interest method. Premiums and discounts on loans purchased are amortized or accreted as an adjustment of yield over the contractual lives of the related loans, adjusted for prepayments when applicable, using methodologies which approximate the interest method. Loans are generally placed on non-accrual status when they are past due 90 days or more as to contractual obligations or when other circumstances indicate that collection is questionable. When a loan is placed on non-accrual status, any interest accrued but not received is reversed against interest income. Payments received on a non-accrual loan are either applied to the outstanding principal balance or recorded as interest income, depending on an assessment of the ability to collect the loan. A non-accrual loan is restored to accrual status when principal and interest payments become less than 90 days past due and its future collectability is reasonably assured. An impaired loan is defined as a loan for which it is probable, based on current information, that the Bank will not collect all amounts due under the contractual terms of the loan agreement. Impaired loans are individually assessed to determine that each loan’s carrying value is not in excess of the fair value of the related collateral or the present value of the expected future cash flows. Residential mortgage and consumer loans are deemed smaller balance homogeneous loans which are evaluated collectively for impairment and are therefore excluded from the population of impaired loans. Purchased credit deteriorated (“PCD”) loans are loans acquired that have experienced more-than-insignificant deterioration in credit quality since origination. Allowance for Credit Losses on Loans The allowance for credit losses is a valuation account that reflects management’s evaluation of the current expected credit losses in the loan portfolio. The Company maintains the allowance for credit losses through provisions for credit losses that are charged to income. Charge-offs against the allowance for credit losses are taken on loans where management determines that the collection of loan principal and interest is unlikely. Recoveries made on loans that have been charged-off are credited to the allowance for credit losses. On January 1, 2020, the Company adopted ASU 2016-13, "Measurement of Credit Losses on Financial Instruments,” which replaces the incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss (“CECL”) methodology. It also applies to off-balance sheet credit exposures, including loan commitments and lines of credit. The adoption of the new standard resulted in the Company recording a $7.9 million increase to the allowance for credit losses and a $3.2 million liability for off-balance sheet credit exposures. The adoption of the standard did not result in a change to the Company's results of operations upon adoption as it was recorded as an $8.3 million cumulative effect adjustment, net of income taxes, to retained earnings. The calculation of the allowance for credit losses is a critical accounting policy of the Company. Management estimates the allowance balance using relevant available information, from internal and external sources, related to past events, current conditions, and a reasonable and supportable forecast. Historical credit loss experience for both the Company and peers provides the basis for the estimation of expected credit losses, where observed credit losses are converted to probability of default rate (“PDR”) curves through the use of segment-specific loss given default (“LGD”) risk factors that convert default rates to loss severity based on industry-level, observed relationships between the two variables for each segment, primarily due to the nature of the underlying collateral. These risk factors were assessed for reasonableness against the Company’s own loss experience and adjusted in certain cases when the relationship between the Company’s historical default and loss severity deviate from that of the wider industry. The historical PDR curves, together with corresponding economic conditions, establish a quantitative relationship between economic conditions and loan performance through an economic cycle. Using the historical relationship between economic conditions and loan performance, management’s expectation of future loan performance is incorporated using an externally developed economic forecast. This forecast is applied over a period that management has determined to be reasonable and supportable. Beyond the period over which management can develop or source a reasonable and supportable forecast, the model will revert to long-term average economic conditions using a straight-line, time-based methodology. The Company's current forecast period is six quarters, with a four quarter reversion period to historical average macroeconomic factors. The Company's economic forecast is approved by the Company's Asset-Liability Committee. The allowance for credit losses is measured on a collective (pool) basis, with both a quantitative and qualitative analysis that is applied on a quarterly basis, when similar risk characteristics exist. The respective quantitative allowance for each segment is measured using an econometric, discounted PDR/LGD modeling methodology in which distinct, segment-specific multi-variate regression models are applied to an external economic forecast. Under the discounted cash flows methodology, expected credit losses are estimated over the effective life of the loans by measuring the difference between the net present value of modeled cash flows and amortized cost basis. Contractual cash flows over the contractual life of the loans are the basis for modeled cash flows, adjusted for modeled defaults and expected prepayments and discounted at the loan-level effective interest rate. The contractual term excludes expected extensions, renewals, and modifications unless either of the following applies: management has a reasonable expectation at the reporting date that a troubled debt restructuring (“TDR”) will be executed with an individual borrower or the extension or renewal options are included in the original or modified contract at the reporting date and are not unconditionally cancellable by the Company. The Company considers qualitative adjustments to credit loss estimates for information not already captured in the quantitative component of the loss estimation process. Qualitative factors are based on portfolio concentration levels, model imprecision, changes in industry conditions, changes in the Company’s loan review process, changes in the Company’s loan policies and procedures, and economic forecast uncertainty. Portfolio segment is defined as the level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses. Management developed segments for estimating loss based on type of borrower and collateral which is generally based upon federal call report segmentation. The segments have been combined or sub-segmented as needed to ensure loans of similar risk profiles are appropriately pooled. As of December 31, 2021, the portfolio and class segments for the Company’s loan portfolio were: • Mortgage Loans – Residential, Commercial Real Estate, Multi-Family and Construction • Commercial Loans – Commercial Owner Occupied and Commercial Non-Owner Occupied • Consumer Loans – First Lien Home Equity and Other Consumer The allowance for credit losses on loans individually evaluated for impairment is based upon loans that have been identified through the Company’s normal loan monitoring process. This process includes the review of delinquent and problem loans at the Company’s Delinquency, Credit, Credit Risk Management and Allowance Committees; or which may be identified through the Company’s loan review process. Generally, the Company only evaluates loans individually for impairment if the loan is non-accrual, non-homogeneous and the balance is at least $1.0 million, or if the loan was modified as a TDR. For all classes of loans deemed collateral-dependent, the Company estimates expected credit losses based on the fair value of the collateral less any selling costs. If the loan is not collateral dependent, the allowance for credit losses related to individually assessed loans is based on discounted expected cash flows using the loan’s initial effective interest rate. A loan for which the terms have been modified resulting in a concession by the Company, and for which the borrower is experiencing financial difficulties is considered to be a TDR. The allowance for credit losses on a TDR is measured using the same method as all other impaired loans, except that the original interest rate is used to discount the expected cash flows, not the rate specified within the restructuring. Loans acquired that have experienced more-than-insignificant deterioration in credit quality since origination are considered PCD loans. The Company evaluates acquired loans for deterioration in credit quality based on any of, but not limited to, the following: (1) non-accrual status; (2) troubled debt restructured designation; (3) risk ratings of special mention, substandard or doubtful; (4) watchlist credits; and (5) delinquency status, including loans that are current on acquisition date, but had been previously delinquent. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This allowance for credit loss is calculated using management's best estimate of projected losses over the remaining life of the loans in accordance with ASC 326-20. This represents the portion of the loan balances that has been deemed uncollectible based on the Company’s expectations of future cash flows for each respective PCD loan pool. Subsequent to the acquisition date, the initial allowance for credit losses on PCD loans will increase or decrease based on future evaluations, with changes recognized in the provision for credit losses. Management believes the primary risks inherent in the portfolio are a general decline in the economy, a decline in real estate market values, rising unemployment, accelerated inflation, increasing vacancy rates in commercial investment properties and possible increases in interest rates in the absence of economic improvement. As the impact of COVID-19 and related variants continues, the effectiveness of medical advances, government programs, and the resulting impact on consumer behavior and employment conditions will have a material bearing on future credit conditions. Any one or a combination of these events may adversely affect borrowers’ ability to repay the loans, resulting in increased delinquencies, credit losses and higher levels of provisions. Management considers it important to maintain the ratio of the allowance for credit losses to total loans at an acceptable level given current and forecasted economic conditions, interest rates and the composition of the portfolio. Although management believes that the Company has established and maintained the allowance for credit losses at appropriate levels, additions may be necessary if future economic and other conditions differ substantially from the current operating environment and economic forecast. Management evaluates its estimates and assumptions on an ongoing basis giving consideration to forecasted economic factors, historical loss experience and other factors. Such estimates and assumptions are adjusted when facts and circumstances dictate. In addition to the ongoing impact of COVID-19, illiquid credit markets, volatile securities markets, and declines in the housing and commercial real estate markets and the economy in general may increase the uncertainty inherent in such estimates and assumptions. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods. In addition, various regulatory agencies periodically review the adequacy of the Company’s allowance for credit losses as an integral part of their examination process. Such agencies may require the Company to recognize additions to the allowance or additional write-downs based on their judgments about information available to them at the time of their examination. Although management uses the best information available, the level of the allowance for credit losses remains an estimate that is subject to significant judgment and short-term change. The CECL approach to calculate the allowance for credit losses on loans is significantly influenced by the composition, characteristics and quality of the Company’s loan portfolio, as well as the prevailing economic conditions and forecast utilized. Material changes to these and other relevant factors creates greater volatility to the allowance for credit losses, and therefore, greater volatility to the Company’s reported earnings. For the year ended December 31, 2021, the changing economic forecasts attributable to COVID-19 and the projected economic recovery led the Company to record a negative provision for credit losses, compared to the same periods last year. See Note 7 to the Consolidated Financial Statements for more information on the allowance for credit losses on loans. Allowance for Loan Losses - Incurred Loss Method Prior to the adoption of CECL on January 1, 2020, the Company calculated the allowance for loan losses using the incurred loss method. Using this method, the allowance represented management's best estimate of probable incurred losses inherent in the current loan portfolio. While management used information to recognize losses on loans, additions and reductions of the allowance for loan losses may fluctuate from one reporting period to another based on changes in economic conditions or changes in the values of properties securing loans in the process of foreclosure. The evaluation of the various components of the allowance for loan losses required considerable judgement in order to estimate inherent loss exposures. Each quarter, the lending group prepared individual Credit Risk Management Reports for the Credit Administration Department. These reports review all commercial loans and commercial mortgage loans that have been determined to involve above-average risk (risk rating of 5 or worse). The Credit Risk Management Reports contain the reason for the risk rating assigned to each loan, status of the loan and any current developments. These reports are submitted to a committee chaired by the Chief Credit Officer. Each loan officer reviews the loan and the corresponding Credit Risk Management Report with the committee and the risk rating is evaluated for appropriateness. Management estimated the amount of loan losses for groups of loans by applying quantitative loss factors to loan segments at the risk rating level, and applying qualitative adjustments to each loan segment at the portfolio level. Quantitative loss factors give consideration to historical loss experience by loan type based upon an appropriate look-back period and adjusted for a loss emergence period; these factors are evaluated at least annually. Qualitative adjustments give consideration to other qualitative or environmental factors such as: a. levels of and trends in delinquencies and impaired loans; b. levels of and trends in charge-offs and recoveries; c. trends in volume and terms of loans; d. effects of any changes in lending policies, procedures and practices; e. changes in the quality or results of the Bank’s loan review system; f. experience, ability, and depth of lending management and other relevant staff; g. national and local economic trends and conditions; h. industry conditions; i. effects of changes in credit concentration; and j. changes in collateral values. The Company considers qualitative adjustments to credit loss estimates for information not already captured in the quantitative component of the loss estimation process. Qualitative adjustments are recalibrated at least annually and evaluated at least quarterly. The reserves resulting from the application of both of these sets of loss factors are combined to arrive at the general allowance for loan losses. The reserve factors applied to each loan risk rating are inherently subjective in nature. Reserve factors are assigned to each of the risk rating categories. This methodology permits adjustments to the allowance for loan losses in the event that, in management’s judgment, significant conditions impacting the credit quality and collectability of the loan portfolio as of the evaluation date are not otherwise adequately reflected in the analysis. The provision for loan losses is established after considering the allowance for loan loss analysis, the amount of the allowance for loan losses in relation to the total loan balance, loan portfolio growth, loan portfolio composition, loan delinquency and non-performing loan trends and peer group analysis. Foreclosed Assets Assets acquired through foreclosure or deed in lieu of foreclosure are carried at the lower of the outstanding loan balance at the time of foreclosure or fair value, less estimated costs to sell. Fair value is generally based on recent appraisals. When an asset is acquired, the excess of the loan balance over fair value, less estimated costs to sell, is charged to the allowance for credit losses. A reserve for foreclosed assets may be established to provide for possible write-downs and selling costs that occur subsequent to foreclosure. Foreclosed assets are carried net of the related reserve. Operating results from real estate owned, including rental income, operating expenses, and gains and losses realized from the sales of real estate owned, are recorded as incurred. Banking Premises and Equipment Land is carried at cost. Banking premises, furniture, fixtures and equipment are carried at cost, less accumulated depreciation, computed using the straight-line method based on their estimated useful lives. Leasehold improvements, carried at cost, net of accumulated depreciation, are amortized over the terms of the leases or the estimated useful lives of the assets, whichever are shorter, using the straight-line method. Maintenance and repairs are charged to expense as incurred. Income Taxes The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in tax expense in the period that includes the enactment date. Deferred tax assets and liabilities are reported as a component of Other Assets on the Consolidated Statements of Financial Condition. The determination of whether deferred tax assets will be realizable is predicated on estimates of future taxable income. Such estimates are subject to management’s judgment. A valuation reserve is established when management is unable to conclude that it is more likely than not that it will realize deferred tax assets based on the nature and timing of these items. The Company recognizes, when applicable, interest and penalties related to unrecognized tax benefits in the provision for income taxes. Trust Assets Trust assets consisting of securities and other property (other than cash on deposit held by the Bank in fiduciary or agency capacities for customers of the Bank’s wholly owned subsidiary, Beacon) are not included in the accompanying consolidated statements of financial condition because such properties are not assets of the Bank. Intangible Assets Intangible assets of the Bank consist of goodwill, core deposit premiums, customer relationship premium and mortgage servicing rights. Goodwill represents the excess of the purchase price over the estimated fair value of identifiable net assets acquired through purchase acquisitions. In accordance with GAAP, goodwill with an indefinite useful life is not amortized, but is evaluated for impairment on an annual basis, or more frequently if events or changes in circumstances indicate potential impairment between annual measurement dates. Goodwill is analyzed for impairment once a year. As permitted by GAAP, the Company prepares a qualitative assessment in determining whether goodwill may be impaired. The factors considered in the assessment include macroeconomic conditions, industry and market conditions and overall financial performance of the Company, among others. The Company completed its annual qualitative assessment of goodwill as of July 1, 2021. Based upon its assessment of goodwill, the Company concluded that no further quantitative analysis was warranted. Core deposit premiums represent the intangible value of depositor relationships assumed in previous purchase acquisitions and are amortized on an accelerated basis over 8.8 years, while the core deposit premium related to SB One is amortized over its estimated useful life of 10.0 years. Customer relationship premiums represent the intangible value of customer relationships assumed in the purchase acquisitions of Beacon Trust Company ("Beacon"), The MDE Group, Inc. ("MDE"), Tirschwell & Loewy, Inc. ("T&L"), and SB One Bank and are amortized on an accelerated basis over 12.0 years, 10.4 years, 10.0 years, and 13.0 years respectively. Mortgage servicing rights are recorded when purchased or when originated mortgage loans are sold, with servicing rights retained. Mortgage servicing rights are amortized on an accelerated method based upon the estimated lives of the related loans, adjusted for prepayments. Mortgage servicing rights are carried at the lower of amortized cost or fair value. Bank-owned Life Insurance Bank-owned life insurance is accounted for using the cash surrender value method and is recorded at its realizable value. Employee Benefit Plans The Bank maintains a pension plan which covers full-time employees hired prior to April 1, 2003, the date on which the pension plan was frozen. The Bank’s policy is to fund at least the minimum contribution required by the Employee Retirement Income Security Act of 1974. GAAP requires an employer to: (a) recognize in its statement of financial condition the over-funded or under-funded status of a defined benefit postretirement plan measured as the difference between the fair value of plan assets and the benefit obligation; (b) measure a plan’s assets and its obligations that determine its funded status at the end of the employer’s fiscal year (with limited exceptions); and (c) recognize as a component of other comprehensive income, net of tax, the actuarial gains and losses and the prior service costs and credits that arise during the period. The Bank has a 401(k) plan covering substantially all employees of the Bank. The Bank may match a percentage of the first 6% contributed by participants. The Bank’s matching contribution, if any, is determined by the Board of Directors in its sole discretion. The Bank has an Employee Stock Ownership Plan (“ESOP”). The funds borrowed by the ESOP from the Company to purchase the Company’s common stock are being repaid from the Bank’s contributions and dividends paid on unallocated ESOP shares over a period of up to 30 years. The Company’s common stock not allocated to participants is recorded as a reduction of stockholders’ equity at cost. Compensation expense for the ESOP is based on the average price of the Company’s stock during each quarter and the amount of shares allocated during the quarter. The Bank has an Equity Plan designed to provide competitive compensation for demonstrated performance and to align the interests of participants directly to increases in shareholder value. The Equity Plan provides for performance-vesting grants as well as time-vesting grants. Time-vesting stock awards, stock options and performance vesting stock awards that are based on a performance condition, such as return on average assets, are valued on the closing stock price on the date of grant. Performance-vesting stock awards and options that are based on a market condition, such as total shareholder return, would be valued using a generally accepted statistical technique to simulate future stock prices for Provident and the components of the peer group which Provident would be measured against. Expense related to time-vesting stock awards and stock options is based on the fair value of the common stock on the date of the grant and on the fair value of the stock options on the date of the grant, respectively, and is recognized ratably over the vesting period of the awards. Performance vesting stock awards and stock options are either dependent upon a market condition or a performance condition. A market condition performance metric is tied to a stock price, either on an absolute basis, or a relative basis against peers, while a performance-condition is based on internal operations, such as earnings per share. The expense related to a market condition performance-vesting stock award or stock option requires an initial Monte Carlo simulation to determine grant date fair value, which will be recognized as a compensation expense regardless of actual payout, assuming that the executive is still employed at the end of the requisite service period. If pre-vesting termination (forfeiture) occurs, then any expense recognized to date can be reversed. The grant date fair value is recognized ratably over the performance period. The expense related to a performance condition stock award or stock option is based on the fair value of the award on

Stockholders_ Equity

Stockholders’ Equity	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Stockholders’ Equity	Stockholders’ Equity On January 15, 2003, the Bank completed its plan of conversion, and the Bank became a wholly owned subsidiary of the Company. The Company sold 59.6 million shares of common stock (par value $0.01 per share) at $10.00 per share. The Company received net proceeds in the amount of $567.2 million. In connection with the Bank’s commitment to its community, the plan of conversion provided for the establishment of a charitable foundation. Provident donated $4.8 million in cash and 1.92 million of authorized but unissued shares of common stock to the foundation, which amounted to $24.0 million in aggregate. The Company recognized an expense, net of income tax benefit, equal to the cash and fair value of the stock during 2003. Conversion costs were deferred and deducted from the proceeds of the shares sold in the offering. Upon completion of the plan of conversion, a “liquidation account” was established in an amount equal to the total equity of the Bank as of the latest practicable date prior to the conversion. The liquidation account was established to provide a limited priority claim to the assets of the Bank to “eligible account holders” and “supplemental eligible account holders” as defined in the Plan, who continue to maintain deposits in the Bank after the conversion. In the unlikely event of a complete liquidation of the Bank, and only in such event, each eligible account holder and supplemental eligible account holder would receive a liquidation distribution, prior to any payment to the holder of the Bank’s common stock. This distribution would be based upon each eligible account holder's and supplemental eligible account holder’s proportionate share of the then total remaining qualifying deposits. At December 31, 2021, the liquidation account, which is an off-balance sheet memorandum account, amounted to $8.2 million.

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Business Combinations	Business Combinations SB One Bancorp Acquisition On July 31, 2020, the Company completed its acquisition of SB One Bancorp ("SB One"), which added $2.20 billion to total assets, $1.77 billion to total loans, which included PCD loans totaling $294.2 million, and $1.76 billion to total deposits, and added 18 full-service banking offices in New Jersey and New York. As part of the acquisition, the addition of SB One Insurance Agency allows the Company to expand its products offerings to its customers to include an array of commercial and personal insurance products. Under the merger agreement, each share of SB One common stock was exchanged for 1.357 shares of the Company's common stock. The Company issued 12.8 million shares of common stock from treasury stock, plus cash in lieu of fractional shares in the acquisition of SB One. The total consideration paid in the acquisition of SB One was $180.8 million. In connection with the acquisition, SB One Bank, a wholly owned subsidiary of SB One, was merged with and into Provident Bank, a wholly owned subsidiary of the Company. The acquisition was accounted for under the acquisition method of accounting. Under this method of accounting, the respective assets acquired and liabilities assumed were recorded at their estimated fair value. The excess of consideration paid over the estimated fair value of the net assets acquired initially totaled $22.4 million and was recorded as goodwill. The calculation of goodwill was subject to change for up to one year after the date of acquisition as additional information relative to the closing date estimates and uncertainties become available. (see Goodwill section for further details). The following table summarizes the estimated fair values of the assets acquired and the liabilities assumed at the date of acquisition from SB One (in thousands): At July 31, 2020 Assets acquired: Cash and cash equivalents, net $ 78,089 Available for sale debt securities 231,645 Held to maturity debt securities 12,381 Federal Home Loan Bank stock 11,216 Loans 1,766,115 Allowance for credit losses on PCD loans (13,586) Loans, net 1,752,529 Bank-owned life insurance 37,237 Banking premises and equipment 16,620 Accrued interest receivable 8,947 Goodwill 22,439 Other intangibles assets 9,965 Foreclosed assets, net 2,441 Other assets 12,199 Total assets acquired $ 2,195,708 Liabilities assumed: Deposits 1,757,777 Mortgage escrow deposits — Borrowed funds 201,582 Subordinated debentures 25,074 Other liabilities 30,447 Total liabilities assumed $ 2,014,880 Net assets acquired $ 180,828 Fair Value Measurement of Assets Assumed and Liabilities Assumed The methods used to determine the fair value of the assets acquired and liabilities assumed in the SB One acquisition were as follows: Securities Available for Sale The estimated fair values of the available for sale debt securities, primarily comprised of U.S. Government agency mortgage-backed securities and U.S. government agencies and municipal bonds carried on SB One's balance sheet was confirmed using open market pricing provided by multiple independent securities brokers. Management reviewed the open market quotes used in pricing the securities and a fair value adjustment was not recorded on the investments. Held to Maturity Debt Securities The estimated fair values of the held to maturity debt securities, primarily comprised of municipal bonds, were determined using open market pricing provided by multiple independent securities brokers. Management reviewed the open market quotes used in pricing the securities. A fair value premium of $133,000 was recorded on the investments. Loans Loans acquired in the SB One acquisition were recorded at fair value, and there was no carryover related allowance for credit losses. The fair values of loans acquired from SB One were estimated using the discounted cash flow method based on the remaining maturity and repricing terms. Cash flows were adjusted for expected losses and prepayments. Projected cash flows were then discounted to present value based on: the relative risk of the cash flows, taking into account the loan type, liquidity risk, the maturity of the loans, servicing costs, and a required return on capital; and monthly principal and interest cash flows were discounted to present value and summed to arrive at the calculated value of the loans. The fair value of the acquired loans receivable was $1.77 billion. For loans acquired without evidence of more-than-insignificant deterioration in credit quality since origination, the Company prepared the interest rate loan fair value and credit fair value adjustments. Loans were grouped into pools based on similar characteristics, such as loan type, fixed or adjustable interest rates, payment type, index rate and caps/floors, and non-accrual status. The loans were valued at the sub-pool level and were pooled at the summary level based on loan type. Market rates for similar loans were obtained from various internal and external data sources and reviewed by management for reasonableness. The average of these market rates was used as the fair value interest rate that a market participant would utilize. A present value approach was utilized to calculate the interest rate fair value premium of $8.4 million. Loans acquired that have experienced more-than-insignificant deterioration in credit quality since origination are considered PCD loans. The Company evaluated acquired loans for deterioration in credit quality based on any of, but not limited to, the following: (1) non-accrual status; (2) troubled debt restructured designation; (3) risk ratings of special mention, substandard or doubtful; (4) watchlist credits; and (5) delinquency status, including loans that were current on acquisition date, but had been previously delinquent. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. Additionally for PCD loans, an allowance for credit losses was calculated using management's best estimate of projected losses over the remaining life of the loans in accordance with ASC 326-20. This represents the portion of the loan balances that has been deemed uncollectible based on the Company’s expectations of future cash flows for each respective PCD loan pool, given the outlook and forecast inclusive of the impact of the COVID-19 pandemic and related fiscal and regulatory interventions. The expected lifetime losses were calculated using historical losses observed at the Bank, SB One and peer banks. A $13.6 million allowance for credit losses was recorded on PCD loans. The interest rate fair value adjustment related to PCD loans will be substantially recognized as interest income on a level yield amortization or straight line method over the expected life of the loans. Subsequent to the acquisition date, the initial allowance for credit losses on PCD loans will increase or decrease based on future evaluations, with changes recognized in the provision for credit losses. The table below illustrates the fair value adjustments made to the amortized cost basis in order to present a fair value of the loans acquired (in thousands): Gross amortized cost basis at July 31, 2020 $ 1,787,057 Interest rate fair value adjustment on all loans 455 Credit fair value adjustment on non-PCD loans (21,397) Fair value of acquired loans at July 31, 2020 1,766,115 Allowance for credit losses on PCD loans (13,586) Fair value of acquired loans, net at July 31, 2020 $ 1,752,529 The table below is a summary of the PCD loans accounted for in accordance with ASC 310-26 that were acquired in the SB One acquisition as of the closing date (in thousands): Gross amortized cost basis at July 31, 2020 $ 315,784 Interest component of expected cash flows (accretable difference) (7,988) Allowance for credit losses on PCD loans (13,586) Net PCD loans $ 294,210 Banking Premises and Equipment The Company acquired 18 branches from SB One, eight of which were owned premises. The fair value of properties acquired was derived by valuations prepared by an independent third party utilizing the sales comparison approach to value the property as improved. Leases As part of the SB One acquisition the Company added ten lease obligations. The Company recorded a $3.8 million right-of-use asset and lease liability for these lease obligations. Core Deposit Intangible and Customer Relationship Intangible The fair value of the core deposit intangible was determined based on a discounted cash flow analysis using a discount rate commensurate with market participants. To calculate cash flows, deposit account servicing costs (net of deposit fee income) and interest expense on deposits were compared to the cost of alternative funding sources available through national brokered CD offering rates. The projected cash flows were developed using projected deposit attrition rates. The fair value of the customer relationship intangible was determined based on a discounted cash flow analysis using the excess of the future cash inflows (i.e., revenue from existing customer relationships) over the related cash outflows (i.e., operating costs) generated over the useful life of the acquired customer base. These cash flows were discounted to present value using an asset-specific risk-adjusted discount rate. The projected cash flows were developed using projected customer revenue retention rates. The core deposit intangible totaled $3.2 million and is being amortized over its estimated useful life of approximately 10 years based on dollar weighted deposit runoff on an annualized basis. The insurance agency customer relationship intangible totaled $6.8 million and is being amortized over its estimated useful life of approximately 13 years based on customer revenue attrition on an annualized basis. Goodwill As noted above, the acquisition was accounted for under the acquisition method of accounting. Under this method of accounting, the purchase price has been allocated to the respective assets acquired and liabilities assumed based upon their estimated fair values, net of tax. The excess of consideration paid over the estimated fair value of the net assets acquired was recorded as goodwill, and initially totaled $22.4 million. The calculation of goodwill was subject to change for up to one year after the date of acquisition as additional information relative to the closing date estimates and uncertainties become available. The Company updated certain estimates used in the purchase price allocation, primarily with respect to the marginal tax rate of deferred tax assets (“DTA”). As a result, the fair value of the net assets acquired decreased by $1.4 million. The impact of these measurement period adjustments increased goodwill to $23.9 million. The Company has finalized the purchase price allocation and these measurement period adjustments are recorded as current period adjustments in accordance with ASU 2015-16. Goodwill is not deductible for tax purposes and will be evaluated annually for impairment. Bank Owned Life Insurance ("BOLI") SB One's BOLI cash surrender value was $37.2 million with no fair value adjustment. Time Deposits The fair value adjustment for time deposits represents a discount from the value of the contractual repayments of fixed-maturity deposits using prevailing market interest rates for similar-term time deposits. The time deposit discount of approximately $4.3 million is being amortized into income on a level yield amortization method over the contractual life of the deposits. Borrowings The fair value of Federal Home Loan Bank of New York ("FHLBNY") advances was determined based on a discounted cash flow analysis using a discount rate commensurate with FHLBNY rates as of July 31, 2020. The cash flows of the advances were projected based on the scheduled payments of the fixed rate of each advance. Subordinated Debentures At the valuation date, SB One had one outstanding Trust Preferred and one subordinated debt issuance with an aggregate balance of $27.5 million. The fair value of Trust Preferred and subordinated debt issuances was determined based on a discounted cash flow analysis using a discount rate commensurate with yields and terms of comparable issuances. The cash flows were projected through the remaining contractual term of the Trust Preferred issuance and based on the call date for the subordinated debt issuance. Acquisition of Tirschwell & Loewy, Inc. On April 1, 2019, Beacon Trust Company ("Beacon") completed its acquisition of certain assets of Tirschwell & Loewy, Inc. ("T&L"), a New York City-based independent registered investment adviser. Beacon is a wholly owned subsidiary of Provident Bank. This acquisition expanded the Company’s wealth management business by $822.4 million of assets under management at the time of acquisition. The acquisition was accounted for under the acquisition method of accounting. The Company recorded goodwill of $8.2 million, a customer relationship intangible of $12.6 million and $800,000 of other identifiable intangibles related to the acquisition. In addition, the Company recorded a contingent consideration liability at its fair value of $6.6 million. The contingent consideration arrangement requires the Company to pay additional cash consideration to T&L's former stakeholders over a three-year period after the closing date of the acquisition if certain financial and business retention targets are met. The acquisition agreement limits the total additional payment to a maximum of $11.0 million, to be determined based on actual future results. Total cost of the acquisition was $21.6 million, which included cash consideration of $15.0 million and contingent consideration with a fair value of $6.6 million. Tangible assets acquired in the transaction were nominal. No liabilities were assumed in the acquisition. The goodwill recorded in the transaction is deductible for tax purposes.

Restrictions on Cash and Due fr

Restrictions on Cash and Due from Banks	12 Months Ended
	Dec. 31, 2021
Cash and Cash Equivalents [Abstract]
Restrictions on Cash and Due from Banks	Restrictions on Cash and Due from BanksIncluded in cash on hand and due from banks at December 31, 2021 and 2020 was $27.3 million and $114.3 million, respectively, representing cash collateral pledged to secure loan level swaps and reserves required by banking regulations.

Held to Maturity Debt Securitie

Held to Maturity Debt Securities	12 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Held to Maturity Debt Securities	Held to Maturity Debt Securities On January 1, 2020, the Company adopted CECL which replaces the incurred loss methodology with an expected loss methodology. The Company recorded a $70,000 increase to the allowance for credit losses on held to maturity debt securities with a corresponding cumulative effect adjustment to decrease retained earnings by $52,000, net of income taxes. (See Adoption of CECL table below for additional detail.) Management measures expected credit losses on held to maturity debt securities on a collective basis by security type. Management classifies the held to maturity debt securities portfolio into the following security types: • Agency obligations; • Mortgage-backed securities; • State and municipal obligations; and • Corporate obligations. All of the agency obligations held by the Company are issued by U.S. government entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. The majority of the state and municipal, and corporate obligations carry no lower than A ratings from the rating agencies at December 31, 2021 and the Company had one security rated with a triple-B by Moody’s Investors Service. The Company adopted CECL using the prospective transition approach for debt securities for which other-than-temporary impairment had been recognized prior to January 1, 2020. As a result, the amortized cost basis remains the same before and after the effective date of CECL. Held to maturity debt securities at December 31, 2021 and 2020 are summarized as follows (in thousands): 2021 Amortized cost Gross unrealized gains Gross unrealized losses Fair value Agency obligations $ 9,996 — (175) 9,821 Mortgage-backed securities 21 — — 21 State and municipal obligations 415,724 14,463 (635) 429,552 Corporate obligations 10,448 19 (152) 10,315 $ 436,189 14,482 (962) 449,709 At December 31, 2021, the allowance for credit losses on held to maturity debt securities totaled $39,000 and is excluded from amortized cost in the table above. 2020 Amortized cost Gross unrealized gains Gross unrealized losses Fair value Agency obligations $ 7,600 6 (5) 7,601 Mortgage-backed securities 62 2 — 64 State and municipal obligations 433,655 21,442 (58) 455,039 Corporate obligations 9,726 101 (2) 9,825 $ 451,043 21,551 (65) 472,529 At December 31, 2020, the allowance for credit losses on held to maturity debt securities totaled $78,000 and is excluded from amortized cost in the table above. The Company generally purchases securities for long-term investment purposes, and differences between carrying and fair values may fluctuate during the investment period. Held to maturity debt securities having a carrying value of $414.2 million and $416.1 million at December 31, 2021 and 2020, respectively, were pledged to secure municipal deposits. The amortized cost and fair value of held to maturity debt securities at December 31, 2021 by contractual maturity are shown below (in thousands). Expected maturities may differ from contractual maturities due to prepayment or early call privileges of the issuer. 2021 Amortized cost Fair value Due in one year or less $ 15,601 15,698 Due after one year through five years 152,162 155,087 Due after five years through ten years 200,482 209,666 Due after ten years 67,923 69,237 $ 436,168 449,688 Mortgage-backed securities totaling $21,000 at amortized cost and $21,000 at fair value are excluded from the table above as their expected lives are anticipated to be shorter than the contractual maturity date due to principal prepayments. Additionally, the allowance for credit losses totaling 39,000 is excluded from the table above. During 2021, the Company recognized gains of $25,000 and no losses related to calls on securities in the held to maturity debt securities portfolio, with total proceeds from the calls totaling $36.0 million. There were no sales of securities from the held to maturity debt securities portfolio for the year ended December 31, 2021. For 2020, the Company recognized gains of $81,000 and no losses related to calls on securities in the held to maturity debt securities portfolio, with total proceeds from the calls totaling $49.3 million. There were no sales of securities from the held to maturity debt securities portfolio for the year ended December 31, 2020. For the 2019 period, the Company recognized gains of $72,000 and no losses related to calls on certain securities in the held to maturity debt securities portfolio, with total proceeds from the calls totaling $33.9 million. There were no sales of securities from the held to maturity debt securities portfolio for the year ended December 31, 2019. The following table illustrates the impact of the January 1, 2020 adoption of CECL on held to maturity debt securities (in thousands): January 1, 2020 As reported under CECL Prior to CECL Impact of CECL adoption Held to Maturity Debt Securities Allowance for credit losses on corporate securities $ 6 — 6 Allowance for credit losses on municipal securities 64 — 64 Allowance for credit losses on held to maturity debt securities $ 70 — 70 The following tables represent the Company's disclosure on held to maturity debt securities in an unrealized loss position (in thousands): December 31, 2021 Unrealized Losses Less than 12 months 12 months or longer Total Fair Gross unrealized losses Fair Gross unrealized losses Fair Gross unrealized losses Agency obligations $ 9,821 (175) — — 9,821 (175) State and municipal obligations 27,350 (471) 5,022 (164) 32,372 (635) Corporate obligations 7,649 (152) — — 7,649 (152) $ 44,820 (798) 5,022 (164) 49,842 (962) December 31, 2020 Unrealized Losses Less than 12 months 12 months or longer Total Fair Gross unrealized losses Fair Gross unrealized losses Fair Gross unrealized losses Agency obligations $ 1,995 (5) — — 1,995 (5) State and municipal obligations 4,846 (41) 406 (17) 5,252 (58) Corporate obligations 786 (2) — — 786 (2) $ 7,627 (48) 406 (17) 8,033 (65) The number of securities in an unrealized loss position as of December 31, 2021 totaled 53, compared with 7 at December 31, 2020. The increase in the number of securities in an unrealized loss position at December 31, 2021 was due to higher current market interest rates compared to rates at December 31, 2020. Credit Quality Indicators. The following table provides the amortized cost of held to maturity debt securities by credit rating as of December 31, 2021 (in thousands): December 31, 2021 Total Portfolio AAA AA A BBB Not Rated Total Agency obligations $ 9,996 — — — — 9,996 Mortgage-backed securities 21 — — — — 21 State and municipal obligations 54,583 314,396 44,392 945 1,408 415,724 Corporate obligations 510 2,634 7,279 — 25 10,448 $ 65,110 317,030 51,671 945 1,433 436,189 December 31, 2020 Total Portfolio AAA AA A BBB Not Rated Total Agency obligations $ 7,600 — — — — 7,600 Mortgage-backed securities 62 — — — — 62 State and municipal obligations 57,830 311,155 53,302 1,115 10,253 433,655 Corporate obligations — 3,255 6,446 — 25 9,726 $ 65,492 314,410 59,748 1,115 10,278 451,043 Credit quality indicators are metrics that provide information regarding the relative credit risk of debt securities. At December 31, 2021, the held to maturity debt securities portfolio was comprised of 15% rated AAA, 73% rated AA, 12% rated A, and less than 1% either below an A rating or not rated by Moody’s Investors Service or Standard and Poor’s. Securities not explicitly rated, such as U.S. Government mortgage-backed securities, were grouped where possible under the credit rating of the issuer of the security. At December 31, 2021, the allowance for credit losses on held to maturity debt securities was 39,000, a decrease from $78,000 at December 31, 2020.

Available for Sale Debt Securit

Available for Sale Debt Securities	12 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Available for Sale Debt Securities	Available for Sale Debt Securities On January 1, 2020, the Company adopted CECL which replaces the incurred loss methodology with an expected loss methodology. The Company did not record an allowance for credit losses on available for sale debt securities as this portfolio consisted primarily of agency securities that carry no credit risk. The impact going forward will depend on the composition, characteristics, and credit quality of the securities portfolio as well as the economic conditions at future reporting periods. The Company adopted CECL using the prospective transition approach for debt securities for which other-than-temporary impairment had been recognized prior to January 1, 2020. As a result, the amortized cost basis remains the same before and after the effective date of CECL. Available for sale debt securities at December 31, 2021 and 2020 are summarized as follows (in thousands): 2021 Amortized cost Gross unrealized gains Gross unrealized losses Fair U.S. Treasury obligations $ 196,897 298 (866) 196,329 Mortgage-backed securities 1,711,312 14,082 (16,563) 1,708,831 Asset-backed securities 45,115 1,687 (5) 46,797 State and municipal obligations 68,702 1,127 (122) 69,707 Corporate obligations 36,109 425 (347) 36,187 $ 2,058,135 17,619 (17,903) 2,057,851 2020 Amortized cost Gross unrealized gains Gross unrealized losses Fair Agency obligations $ 1,001 8 — 1,009 Mortgage-backed securities 910,393 28,872 (852) 938,413 Asset-backed securities 52,295 1,535 — 53,830 State and municipal obligations 69,687 1,666 (95) 71,258 Corporate obligations 40,194 809 (24) 40,979 $ 1,073,570 32,890 (971) 1,105,489 Available for sale debt securities having a carrying value of $1.56 billion and $618.0 million at December 31, 2021 and 2020, respectively, are pledged to secure securities sold under repurchase agreements and municipal deposits. The amortized cost and fair value of available for sale debt securities at December 31, 2021, by contractual maturity, are shown below (in thousands). Expected maturities may differ from contractual maturities due to prepayment or early call privileges of the issuer. 2021 Amortized cost Fair value Due in one year or less $ 2,997 3,022 Due after one year through five years 102,612 102,039 Due after five years through ten years 130,827 130,932 Due after ten years 65,272 66,230 $ 301,708 302,223 Investments which pay principal on a periodic basis totaling $1.76 billion at amortized cost and fair value are excluded from the table above as their expected lives are likely to be shorter than the contractual maturity date due to principal prepayments. During 2021, proceeds from calls on securities in the available for sale debt securities portfolio totaled $9.4 million, with gains of $230,000 and no loss recognized. For 2020, proceeds from calls on securities in the available for sale debt securities portfolio totaled $13.9 million, with no gain or loss recognized. The following tables represent the Company's disclosure on available for sale debt securities in an unrealized loss position (in thousands): December 31, 2021 Unrealized Losses Less than 12 months 12 months or longer Total Fair value Gross unrealized losses Fair value Gross unrealized losses Fair value Gross unrealized losses U.S. Treasury obligations $ 98,621 (866) — — 98621 (866) Mortgage-backed securities $ 1,147,403 (15,176) 33,850 (1,387) 1,181,253 (16,563) Asset-backed securities 1,930 (5) — — 1,930 (5) State and municipal obligations 10,732 (122) — — 10,732 (122) Corporate obligations 18,474 (347) — — 18,474 (347) $ 1,277,160 (16,516) 33,850 (1,387) 1,311,010 (17,903) December 31, 2020 Unrealized Losses Less than 12 months 12 months or longer Total Fair value Gross unrealized losses Fair value Gross unrealized losses Fair value Gross unrealized losses Mortgage-backed securities $ 127,600 (824) 8,007 (28) 135,607 (852) State and municipal obligations 5,275 (95) — — 5,275 (95) Corporate obligations — — 2,000 (24) 2,000 (24) $ 132,875 (919) 10,007 (52) 142,882 (971)

Loans Receivable and Allowance

Loans Receivable and Allowance for Loan Losses	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Loans Receivable and Allowance for Loan Losses	Loans Receivable and Allowance for Credit Losses On January 1, 2020, the Company adopted CECL, which replaced the incurred loss methodology with an expected loss methodology. The adoption of the new standard resulted in the Company recording a $7.9 million increase to the allowance for credit losses on loans with a corresponding cumulative effect adjustment to decrease retained earnings by $5.9 million, net of income taxes. (See Adoption of CECL table below for additional detail.) Loans receivable at December 31, 2021 and 2020 are summarized as follows (in thousands): 2021 2020 Mortgage loans: Residential $ 1,202,638 1,294,702 Commercial 3,827,370 3,458,666 Multi-family 1,364,397 1,484,515 Construction 683,166 541,939 Total mortgage loans 7,077,571 6,779,822 Commercial loans 2,188,866 2,567,470 Consumer loans 327,442 492,566 Total gross loans 9,593,879 9,839,858 Premiums on purchased loans 1,451 1,566 Unearned discounts (6) (12) Net deferred fees (13,700) (18,522) Total loans $ 9,581,624 9,822,890 In the first quarter of 2021, $101.7 million of loans acquired in the SB One transaction that were previously classified as consumer loans were classified as commercial mortgage loans, following further analysis of the underwriting documents and operational intent of the borrower. These loans are comprised of term loans and lines of credit secured by 1-4 family residential properties that are held by borrowers to generate rental income. Premiums and discounts on purchased loans are amortized over the lives of the loans as an adjustment to yield. Required reductions due to loan prepayments are charged against interest income. For the years ended December 31, 2021, 2020 and 2019, $604,000, $1.0 million and $845,000 decreased interest income, respectively, as a result of prepayments and normal amortization. The following tables summarize the aging of loans receivable by portfolio segment and class of loans (in thousands): At December 31, 2021 30-59 60-89 Non-accrual 90 days or more past due and accruing Total Current Total Loans Receivable Non-accrual loans with no related allowance Mortgage loans: Residential $ 7,229 1,131 6,072 — 14,432 1,188,206 1,202,638 6,072 Commercial 720 3,960 16,887 — 21,567 3,805,803 3,827,370 16,887 Multi-family — — 439 — 439 1,363,958 1,364,397 439 Construction — — 2,365 — 2,365 680,801 683,166 2,365 Total mortgage loans 7,949 5,091 25,763 — 38,803 7,038,768 7,077,571 25,763 Commercial loans 7,229 1,289 20,582 — 29,100 2,159,766 2,188,866 14,453 Consumer loans 649 228 1,682 — 2,559 324,883 327,442 1,682 Total gross loans $ 15,827 6,608 48,027 — 70,462 9,523,417 9,593,879 41,898 At December 31, 2020 30-59 60-89 Non-accrual 90 days or more past due and Total Current Total Loans Receivable Non-accrual loans with no related allowance Mortgage loans: Residential $ 15,789 8,852 9,315 — 33,956 1,260,746 1,294,702 9,315 Commercial 761 113 31,982 — 32,856 3,425,810 3,458,666 20,482 Multi-family 206 585 — — 791 1,483,724 1,484,515 — Construction — — 1,392 — 1,392 540,547 541,939 1,392 Total mortgage loans 16,756 9,550 42,689 — 68,995 6,710,827 6,779,822 31,189 Commercial loans 1,658 1179 42,118 — 44,955 2,522,515 2,567,470 15,541 Consumer loans 4,348 4,519 2,283 — 11,150 481,416 492,566 2,283 Total gross loans $ 22,762 15,248 87,090 — 125,100 9,714,758 9,839,858 49,013 Included in loans receivable are loans for which the accrual of interest income has been discontinued due to deterioration in the financial condition of the borrowers. Generally, accrued interest is written off by reversing interest income during the quarter the loan is moved from an accrual to a non-accrual status. The principal amount of non-accrual loans was $48.0 million and $87.1 million at December 31, 2021 and 2020, respectively. There were no loans 90-days or greater past due and still accruing interest at December 31, 2021 and 2020. The decrease in non-performing loans in 2021 reflects the ongoing economic recovery from the depths of the pandemic recession as improving economic conditions and historically low interest rates positively affected borrowers’ ability to repay contractually due principal and interest payments. If the non-accrual loans had performed in accordance with their original terms, interest income would have increased by $1.2 million, $3.2 million and $1.7 million, for the years ended December 31, 2021, 2020 and 2019, respectively. The amount of cash basis interest income that was recognized on impaired loans during the years ended December 31, 2021, 2020 and 2019 was $1.3 million, $1.9 million and $2.1 million respectively. The Company defines an impaired loan as a non-homogeneous loan greater than $1.0 million, for which, based on current information, the Bank does not expect to collect all amounts due under the contractual terms of the loan agreement. Impaired loans also include all loans modified as troubled debt restructurings (“TDRs”). An allowance for collateral-dependent impaired loans that have been modified in a TDR is measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s observable market price, or the estimated fair value of the collateral, less any selling costs. The Company uses third-party appraisals to determine the fair value of the underlying collateral in its analysis of collateral-dependent loans. A third-party appraisal is generally ordered as soon as a loan is designated as a collateral-dependent loan and updated annually, or more frequently if required. A financial asset is considered collateral-dependent when the debtor is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral. For all classes of loans deemed collateral-dependent, the Company estimates expected credit losses based on the collateral’s fair value less any selling costs. A specific allocation of the allowance for credit losses is established for each collateral-dependent loan with a carrying balance greater than the collateral’s fair value, less estimated selling costs. In most cases, the Company records a partial charge-off to reduce the loan’s carrying value to the collateral’s fair value less estimated selling costs. At each fiscal quarter end, if a loan is designated as collateral-dependent and the third-party appraisal has not yet been received, an evaluation of all available collateral is made using the best information available at the time, including rent rolls, borrower financial statements and tax returns, prior appraisals, management’s knowledge of the market and collateral, and internally prepared collateral valuations based upon market assumptions regarding vacancy and capitalization rates, each as and where applicable. Once the appraisal is received and reviewed, the specific reserves are adjusted to reflect the appraised value and evaluated for charge offs. The Company believes there have been no significant time lapses resulting from this process. At December 31, 2021, there were 155 impaired loans totaling $52.3 million, of which 132 loans totaling $30.6 million were TDRs. Included in this total were 115 TDRs related to 111 borrowers totaling $21.9 million that were performing in accordance with their restructured terms and which continued to accrue interest at December 31, 2021. At December 31, 2020, there were 169 impaired loans totaling $86.0 million, of which 135 loans totaling $39.6 million were TDRs. Included in this total were 112 TDRs related to 110 borrowers totaling $23.1 million that were performing in accordance with their restructured terms and which continued to accrue interest at December 31, 2020. At December 31, 2021 and December 31, 2020, the Company had $18.2 million and $26.3 million of collateral-dependent impaired loans, respectively. The collateral-dependent impaired loans at December 31, 2021 consisted of $1.6 million in residential real estate loans, $16.7 million in commercial loans and $3,500 in consumer loans. The collateral for these impaired loans was primarily real estate. The activity in the allowance for credit losses for the years ended December 31, 2021, 2020 and 2019 is as follows (in thousands): Years Ended December 31, 2021 2020 2019 Balance at beginning of period $ 101,466 55,525 55,562 Provision charged to operations (24,300) 29,712 13,100 Increase due to the initial adoption of CECL — 7,920 — Initial allowance related to PCD loans — 13,586 — Recoveries of loans previously charged off 9,030 2,636 1,895 Loans charged off (5,456) (7,913) (15,032) Balance at end of period $ 80,740 101,466 55,525 The activity in the allowance for credit losses by portfolio segment for the years ended December 31, 2021 and 2020 are as follows (in thousands): For the Year Ended December 31, 2021 Mortgage loans Commercial loans Consumer loans Total Portfolio Segments Balance at beginning of period $ 68,307 27,084 6,075 101,466 Provision charged to operations (13,720) (6,313) (4,267) (24,300) Recoveries of loans previously charged off 859 7,169 1,002 9,030 Loans charged off (3,342) (1,597) (517) (5,456) Balance at end of period $ 52,104 26,343 2,293 80,740 For the Year Ended December 31, 2020 Mortgage loans Commercial loans Consumer loans Total Portfolio Segments Balance at beginning of period $ 25,511 28,263 1,751 55,525 Provision charged to operations 18,945 10,199 568 29,712 Increase (decrease) due to the initial adoption of CECL - Retained earnings 14,188 (9,974) 3,706 7,920 Initial allowance on credit loans related to PCD loans 11,984 1,582 20 13,586 Recoveries of loans previously charged off 396 1,776 464 2,636 Loans charged off (2,717) (4,762) (434) (7,913) Balance at end of period $ 68,307 27,084 6,075 101,466 For the year ended December 31, 2021, the Company recorded a $24.3 million negative provision for credit losses on loans. The reduction in provision for credit losses for the year ended December 31, 2021, compared to the prior year, was primarily the result of improved asset quality, an improved economic forecast and the resultant favorable impact on expected credit losses, compared to the prior year where the provision for credit losses was based upon a weak economic forecast and a more uncertain outlook attributable to the COVID-19 pandemic. As a result of the January 1, 2020 adoption of CECL, the Company recorded a $7.9 million increase to the allowance for credit losses on loans. The following table illustrates the impact of the January 1, 2020 adoption of CECL on the allowance for credit losses related to the loan portfolio (in thousands): January 1, 2020 As reported under CECL Prior to CECL Impact of CECL adoption Loans Residential $ 8,950 3,414 5,536 Commercial 17,118 12,831 4,287 Multi-family 9,519 3,374 6,145 Construction 4,152 5,892 (1,740) Total mortgage loans 39,739 25,511 14,228 Commercial loans 18,254 28,263 (10,009) Consumer loans 5,452 1,751 3,701 Allowance for credit losses on loans $ 63,445 55,525 7,920 The following tables summarize loans receivable by portfolio segment and impairment method (in thousands): At December 31, 2021 Mortgage loans Commercial loans Consumer loans Total Portfolio Segments Individually evaluated for impairment $ 34,610 16,420 1,224 52,254 Collectively evaluated for impairment 7,042,961 2,172,446 326,218 9,541,625 Total gross loans $ 7,077,571 2,188,866 327,442 9,593,879 At December 31, 2020 Mortgage loans Commercial loans Consumer loans Total Portfolio Segments Individually evaluated for impairment $ 48,783 35,832 1,431 86,046 Collectively evaluated for impairment 6,731,039 2,531,638 491,135 9,753,812 Total gross loans $ 6,779,822 2,567,470 492,566 9,839,858 The allowance for credit losses is summarized by portfolio segment and impairment classification as follows (in thousands): At December 31, 2021 Mortgage loans Commercial loans Consumer loans Total Portfolio Segments Individually evaluated for impairment $ 875 3,358 51 4,284 Collectively evaluated for impairment 51,229 22,985 2,242 76,456 Total allowance for credit losses $ 52,104 26,343 2,293 80,740 At December 31, 2020 Mortgage loans Commercial loans Consumer loans Total Portfolio Segments Individually evaluated for impairment $ 4,220 4,715 39 8,974 Collectively evaluated for impairment 64,087 22,369 6,036 92,492 Total allowance for credit losses $ 68,307 27,084 6,075 101,466 Loan modifications to borrowers experiencing financial difficulties that are considered TDRs primarily involve lowering the monthly payments on such loans through either a reduction in interest rate below a market rate, an extension of the term of the loan without a corresponding adjustment to the risk premium reflected in the interest rate, or a combination of these two methods. These modifications generally do not result in the forgiveness of principal or accrued interest. In addition, management attempts to obtain additional collateral or guarantor support when modifying such loans. If the borrower has demonstrated performance under the previous terms and our underwriting process shows the borrower has the capacity to continue to perform under the restructured terms, the loan will continue to accrue interest. Non-accruing restructured loans may be returned to accrual status when there has been a sustained period of repayment performance (generally six consecutive months of payments) and both principal and interest are deemed collectible. The following tables present the number of loans modified as TDRs during the years ended December 31, 2021 and 2020 and their balances immediately prior to the modification date and post-modification as of December 31, 2021 and 2020. Year Ended December 31, 2021 Troubled Debt Restructurings Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment ($ in thousands) Mortgage loans: Residential 7 $ 1,274 1,142 Commercial 3 3,086 2,902 Total mortgage loans 10 4,360 4,044 Commercial loans 4 2,940 2,287 Total restructured loans 14 $ 7,300 6,331 Year Ended December 31, 2020 Troubled Debt Restructurings Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment ($ in thousands) Mortgage loans: Residential 2 $ 434 360 Total mortgage loans 2 434 360 Commercial loans 4 2,715 2,646 Total restructured loans 6 $ 3,149 3,006 All TDRs are impaired loans, which are individually evaluated for impairment, as previously discussed. During the years ended December 31, 2021 and 2020, there were $3.8 million and $7.3 million of charge-offs recorded on collateral dependent impaired loans, respectively. The allowance for credit losses associated with the TDRs presented in the preceding tables totaled $80,000 and $362,000 at December 31, 2021 and 2020, respectively, and were included in the allowance for credit losses for loans individually evaluated for impairment. The TDRs presented in the preceding tables had a weighted average modified interest rate of approximately 4.12% and 5.43%, compared to a yield of 5.74% and 5.44% prior to modification for the years ended December 31, 2021 and 2020, respectively. There were no payment defaults (90 days or more past due) for loans modified as TDRs within the 12 month periods ending December 31, 2021 and December 31, 2020. For TDRs that subsequently default, the Company determines the amount of the allowance for the respective loans in accordance with the accounting policy for the allowance for credit losses on loans individually evaluated for impairment. As allowed by CECL, the Company elected to maintain pools of loans accounted for under ASC 310-30. At December 31, 2020, purchased credit impaired (“PCI”) loans totaled $746,000. In accordance with the CECL standard, management did not reassess whether modifications of individually acquired financial assets accounted for in pools were TDRs as of the date of adoption. Loans considered to be PCI prior to January 1, 2020 were converted to PCD loans on that date. For loans acquired by the Company after January 1, 2020, that experience more-than-insignificant deterioration in credit quality after origination are classified as PCD loans. The table below is a summary of the PCD loans accounted for in accordance with ASC 310-26 that were acquired in the SB One acquisition at the July 31, 2020 closing date (in thousands): Gross amortized cost basis at July 31, 2020 $ 315,784 Interest component of expected cash flows (accretable difference) (7,988) Fair value of PCD loans 307,796 Allowance for credit losses on PCD loans (13,586) Net PCD loans $ 294,210 At December 31, 2021, the balance of PCD loans totaled $246.9 million with a related allowance for credit losses of $2.8 million. The balance of PCD loans at December 31, 2020 was $296.6 million with a related allowance for credit losses of $13.1 million. The following table presents loans individually evaluated for impairment by class and loan category (in thousands): At December 31, 2021 At December 31, 2020 Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized Loans with no related allowance Mortgage loans: Residential $ 12,326 9,814 — 9,999 423 $ 13,981 11,380 — 11,587 511 Commercial 15,310 14,685 — 15,064 63 17,414 17,414 — 16,026 60 Multi-family — — — — — — — — — — Construction 1,656 1,588 — 1,643 30 — — — — — Total 29,292 26,087 — 26,706 516 31,395 28,794 — 27,613 571 Commercial loans 9,845 7,254 — 7,714 33 15,895 14,009 — 12,791 46 Consumer loans 1,389 853 — 1,613 115 1,382 880 — 7 50 Total loans $ 40,526 34,194 — 36,033 664 $ 48,672 43,683 — 40,411 667 Loans with an allowance recorded Mortgage loans: Residential $ 7,994 7,652 858 7,742 278 $ 7,950 7,506 806 7,604 307 Commercial 871 871 17 894 48 14,993 12,483 3414 123 570 Multi-family — — — — — — — — — — Construction — — — — — — — — — — Total 8,865 8,523 875 8,636 326 22,943 19,989 4,220 7,727 877 Commercial loans 9,498 9,166 3,358 8,304 257 24,947 21,823 4715 18,620 311 Consumer loans 391 371 51 379 18 565 551 39 5 20 Total loans $ 18,754 18,060 4,284 17,319 601 $ 48,455 42,363 8,974 26,352 1,208 Total Mortgage loans: Residential $ 20,320 17,466 858 17,741 701 $ 21,931 18,886 806 19,191 818 Commercial 16,181 15,556 17 15,958 111 32,407 29,897 3414 16,149 630 Multi-family — — — — — — — — — — Construction 1,656 1,588 — 1,643 30 — — — — — Total 38,157 34,610 875 35,342 842 54,338 48,783 4,220 35,340 1,448 Commercial loans 19,343 16,420 3,358 16,018 290 40,842 35,832 4715 31,411 357 Consumer loans 1,780 1,224 51 1,992 133 1,947 1,431 39 12 70 Total loans $ 59,280 52,254 4,284 53,352 1,265 $ 97,127 86,046 8,974 66,763 1,875 At December 31, 2021, impaired loans consisted of 155 residential, commercial, commercial mortgage and consumer loans totaling $52.3 million, of which 40 loans totaling $30.3 million were included in non-accrual loans. At December 31, 2020, impaired loans consisted of 169 residential, commercial, commercial mortgage and consumer loans totaling $86.0 million, of which 55 loans totaling $61.4 million were included in non-accrual loans. Specific allocations of the allowance for credit losses attributable to impaired loans totaled $4.3 million and $9.0 million at December 31, 2021 and 2020, respectively. At December 31, 2021 and 2020, impaired loans for which there was no related allowance for credit losses totaled $34.2 million and $43.7 million, respectively. The average balances of impaired loans during the years ended December 31, 2021 and 2020 were $53.4 million and $66.8 million, respectively. In the normal course of conducting its business, the Bank extends credit to meet the financing needs of its customers through commitments. Commitments and contingent liabilities, such as commitments to extend credit (including loan commitments of $2.05 billion and $1.99 billion at December 31, 2021 and 2020, respectively, and undisbursed home equity and personal credit lines of $252.4 million and $241.2 million, at December 31, 2021 and 2020, respectively, are not reflected in the accompanying consolidated financial statements. These instruments involve elements of credit and interest rate risk in excess of the amount recognized in the consolidated financial statements. The Bank uses the same credit policies and collateral requirements in making commitments and conditional obligations as it does for on-balance sheet loans. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since the commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Bank evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on management’s credit evaluation of the borrower. The Bank grants residential real estate loans on single- and multi-family dwellings to borrowers primarily in New Jersey. Its borrowers’ abilities to repay their obligations are dependent upon various factors, including the borrowers’ income and net worth, cash flows generated by the underlying collateral, value of the underlying collateral, and priority of the Bank’s lien on the property. Such factors are dependent upon various economic conditions and individual circumstances beyond the Bank’s control; the Bank is therefore subject to risk of loss. The Bank believes that its lending policies and procedures adequately minimize the potential exposure to such risks and that adequate provisions for loan losses are provided for all known and inherent risks. Collateral and/or guarantees are required for virtually all loans. Management utilizes an internal nine-point risk rating system to summarize its loan portfolio into categories with similar risk characteristics. Loans deemed to be “acceptable quality” are rated 1 through 4, with a rating of 1 established for loans with minimal risk. Loans that are deemed to be of “questionable quality” are rated 5 (watch) or 6 (special mention). Loans with adverse classifications (substandard, doubtful or loss) are rated 7, 8 or 9, respectively. Commercial mortgage, commercial, multi-family and construction loans are rated individually, and each lending officer is responsible for risk rating loans in their portfolio. These risk ratings are then reviewed by the department manager and/or the Chief Lending Officer and by the Credit Department. The risk ratings are also reviewed periodically through loan review examinations which are currently performed by an independent third-party. Reports by the independent third-party are presented directly to the Audit Committee of the Board of Directors. In addition, the Company participated in the Paycheck Protection Program (“PPP”) through the United States Department of the Treasury and Small Business Administration ("SBA"). PPP loans are fully guaranteed by the SBA and may be eligible for forgiveness by the SBA to the extent that the proceeds are used to cover eligible payroll costs, interest costs, rent, and utility costs over a period of up to 24 weeks after the loan was made as long as certain conditions are met regarding employee retention and compensation levels. PPP loans deemed eligible for forgiveness by the SBA will be repaid by the SBA to the Company. PPP loans are included in the commercial loan portfolio. As of December 31, 2021, the Company secured 2,067 PPP loans for its customers totaling $682.0 million, which includes both the initial round and the second round of PPP. As of December 31, 2021, 1,823 PPP loans totaling $587.0 million were forgiven. The balance at December 31, 2021 for PPP loans was $94.9 million. The following table summarizes the Company's gross loans held for investment by year of origination and internally assigned credit grades (in thousands): Gross Loans Held by Investment by Year of Origination 2021 2020 2019 2018 2017 Prior to 2017 Revolving Loans Revolving loans to term loans Total Loans Residential Special mention $ — — — — 697 434 — — 1,131 Substandard — — — 280 166 8,569 — — 9,015 Doubtful — — — — — — — — — Loss — — — — — — — — — Gross Loans Held by Investment by Year of Origination 2021 2020 2019 2018 2017 Prior to 2017 Revolving Loans Revolving loans to term loans Total Loans Total criticized and classified — — — 280 863 9,003 — — 10,146 Pass/Watch 229,106 235,949 113,206 67,493 75,906 470,832 — — 1,192,492 Total residential $ 229,106 235,949 113,206 67,773 76,769 479,835 — — 1,202,638 Commercial Mortgage Special mention $ — 2,624 28,706 22,296 9,657 26,668 1,094 — 91,045 Substandard — — 18 34,260 7,352 34,356 799 — 76,785 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified — 2,624 28,724 56,556 17,009 61,024 1,893 — 167,830 Pass/Watch 655,105 600,030 589,578 298,665 430,947 952,746 101,618 30,851 3,659,540 Total commercial mortgage $ 655,105 602,654 618,302 355,221 447,956 1,013,770 103,511 30,851 3,827,370 Multi-family Special mention $ — — — — 3,053 271 — — 3,324 Substandard — 439 — — 945 — — 1,384 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified — 439 — — 3,053 1,216 — — 4,708 Pass/Watch 154,419 294,716 166,558 173,583 117,654 448,710 2,880 1,169 1,359,689 Total multi-family $ 154,419 295,155 166,558 173,583 120,707 449,926 2,880 1,169 1,364,397 Construction Special mention $ — 1,125 — — — — — — 1,125 Substandard — — — 2,365 — — — — 2,365 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified — 1,125 — 2,365 — — — — 3,490 Pass/Watch 173,843 176,182 219,331 94,363 9,604 103 6,250 679,676 Total construction $ 173,843 177,307 219,331 96,728 9,604 103 — 6,250 683,166 Total Mortgage Special mention $ — 3,749 28,706 22,296 13,407 27,373 1,094 — 96,625 Substandard — 439 18 36,905 7,518 43,870 799 — 89,549 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified — 4,188 28,724 59,201 20,925 71,243 1,893 — 186,174 Pass/Watch 1,212,473 1,306,877 1,088,673 634,104 634,111 1,872,391 104,498 38,270 6,891,397 Gross Loans Held by Investment by Year of Origination 2021 2020 2019 2018 2017 Prior to 2017 Revolving Loans Revolving loans to term loans Total Loans Total Mortgage $ 1,212,473 1,311,065 1,117,397 693,305 655,036 1,943,634 106,391 38,270 7,077,571 Commercial Special mention $ 1,232 2,662 2,816 3,263 24,418 40,561 8,389 2,155 85,496 Substandard — 736 5,517 5,860 5,747 64,807 13,622 1,821 98,110 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified 1,232 3,398 8,333 9,123 30,165 105,368 22,011 3,976 183,606 Pass/Watch 415,924 222,132 179,193 154,440 149,567 489,051 355,097 39,856 2,005,260 Total commercial $ 417,156 225,530 187,526 163,563 179,732 594,419 377,108 43,832 2,188,866 Consumer (1) Special mention $ — — — — — 109 25 94 228 Substandard — — — 116 2 1,514 6 — 1,638 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified — — — 116 2 1,623 31 94 1,866 Pass/Watch 25,140 4,503 24,272 21,046 15,804 99,106 119,347 16,358 325,576 Total consumer $ 25,140 4,503 24,272 21,162 15,806 100,729 119,378 16,452 327,442 Total Loans Special mention $ 1,232 6,411 31,522 25,559 37,825 68,044 9,508 2,249 182,350 Substandard — 1,175 5,535 42,881 13,267 110,191 14,427 1,821 189,297 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified 1,232 7,586 37,057 68,440 51,092 178,235 23,935 4,070 371,647 Pass/Watch 1,653,537 1,533,512 1,292,138 809,590 799,482 2,460,547 578,942 94,484 9,222,232 Total gross loans $ 1,654,769 1,541,098 1,329,195 878,030 850,574 2,638,782 602,877 98,554 9,593,879 (1) For consumer loans, the Company assigns internal credit grades based on the delinquency status of each loan. Gross Loans Held by Investment by Year of Origination 2020 2019 2018 2017 2016 Prior to 2016 Revolving Loans Revolving loans to term loans Total Loans Residential Special mention $ — — — — 123 2,759 — — 2,882 Substandard 164 3,375 1,669 2,221 2,184 17,039 — — 26,652 Doubtful — — — — — — — — — Gross Loans Held by Investment by Year of Origination 2020 2019 2018 2017 2016 Prior to 2016 Revolving Loans Revolving loans to term loans Total Loans Loss — — — — — — — — — Total criticized and classified 164 3,375 1,669 2,221 2,307 19,798 — — 29,534 Pass/Watch 271,858 152,117 93,588 101,943 119,563 526,099 — — 1,265,168 Total residential $ 272,022 155,492 95,257 104,164 121,870 545,897 — — 1,294,702 Commercial Mortgage Special mention $ — 29,268 33,446 22,838 3,041 34,992 — 1,045 124,630 Substandard — 1,905 3,687 21,095 10,185 61,441 — — 98,313 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified — 31,173 37,133 43,933 13,226 96,433 — 1,045 222,943 Pass/Watch 596,364 600,904 395,280 432,590 302,034 809,779 68,650 30,122 3,235,723 Total commercial mortgage $ 596,364 632,077 432,413 476,523 315,260 906,212 68,650 31,167 3,458,666 Multi-family Special mention $ — 682 19,837 3,117 5,558 300 — 288 29,782 Substandard — — — — — 1,568 — — 1,568 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified — 682 19,837 3,117 5,558 1,868 — 288 31,350 Pass/Watch 291,995 180,271 187,880 169,310 131,297 486,649 3,418 2,346 1,453,165 Total multi-family $ 291,995 180,953 207,717 172,427 136,855 488,517 3,418 2,633 1,484,515 Construction Special mention $ 1,991 14,508 7,877 — — — — — 24,376 Substandard — — 4,309 615 — — — — 4,924 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified 1,991 14,508 12,186 615 — — — — 29,300 Pass/Watch 88,777 236,021 138,190 43,224 1,568 512 — 4,347 512,639 Total construction $ 90,768 250,529 150,376 43,839 1,568 512 — 4,347 541,939 Total Mortgage Special mention $ 1,991 44,458 61,160 25,955 8,722 38,051 — 1,333 181,670 Substandard 164 5,280 9,665 23,931 12,369 80,048 — — 131,457 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified 2,155 49,738 70,825 49,886 21,091 118,099 — 1,333 313,127 Gross Loans Held by Investment by Year of Origination 2020 2019 2018 2017 2016 Prior to 2016 Revolving Loans Revolving loans to term loans Total Loans Pass/Watch 1,248,994 1,169,313 814,938 747,067 554,462 1,823,039 72,067 36,815 6,466,695 Total Mortgage $ 1,251,149 1,219,051 885,763 796,953 575,553 1,941,138 72,067 38,148 6,779,822 Commercial Special mention $ — 6,295 6,038 27,251 9,779 81,355 22,745 3,617 157,080 Substandard — 7,324 2,527 16,139 40,512 41,831 16,738 2,018 127,090 Doubtful — — — — — — 52 — 52 Loss — — — — — — — — — Total criticized and classified — 13,619 8,565 43,390 50,291 123,186 39,536 5,635 284,222 Pass/Watch 695,125 207,400 205,892 179,068 141,925 415,729 397,408 40,700 2,283,247 Total commercial $ 695,125 221,019 214,457 222,458 192,216 538,915 436,944 46,335 2,567,470 Consumer (1) Special mention $ — 3 — 70 28 299 1,304 163 1,867 Substandard 25 49 14 — 2,912 1,230 1,236 1,278 6,744 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified 25 52 14 70 2,940 1,529 2,540 1,441 8,611 Pass/Watch 12,746 50,605 54,962 45,698 25,539 143,685 135,839 14,881 483,955 Total consumer $ 12,771 50,657 54,976 45,768 28,479 145,214 138,378 16,323 492,566 Total Loans Special mention $ 1,991 50,756 67,198 53,276 18,529 119,705 24,049 5,113 340,617 Substandard 189 12,653 12,206 40,070 55,793 123,109 17,975 3,296 265,291 Doubtful — — — — — — 52 — 52 Loss — — — — — — — — — Total criticized and classified 2,180 63,409 79,404 93,346 74,322 242,814 42,076 8,410 605,960 Pass/Watch 1,956,865 1,427,318 1,075,792 971,833 721,926 2,382,453 605,314 92,396 9,233,898 Total gross loans $ 1,959,045 1,490,727 1,155,196 1,065,179 796,248 2,625,267 647,390 100,806 9,839,858 (1) For consumer loans, the Company assigns internal credit grades based on the delinquency status of each loan.

Banking Premises and Equipment

Banking Premises and Equipment	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Banking Premises and Equipment	Banking Premises and Equipment A summary of banking premises and equipment at December 31, 2021 and 2020 is as follows (in thousands): 2021 2020 Land $ 14,474 13,631 Banking premises 75,143 72,362 Furniture, fixtures and equipment 54,860 52,128 Leasehold improvements 47,379 37,756 Construction in progress 4,775 9,669 196,631 185,546 Less accumulated depreciation and amortization 116,072 109,600 Total banking premises and equipment $ 80,559 75,946 Depreciation expense for the years ended December 31, 2021, 2020 and 2019 amounted to $9.0 million, $7.6 million and $7.7 million, respectively.

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets Intangible assets at December 31, 2021 and 2020 are summarized as follows (in thousands): 2021 2020 Goodwill $ 444,423 443,001 Core deposit premiums 3,175 4,092 Customer relationship and other intangibles 15,890 18,486 Mortgage servicing rights 695 633 Total intangible assets $ 464,183 466,212 The Company updated certain estimates used in the purchase price allocation related to the SB One acquisition, primarily with respect to the marginal tax rate of deferred tax assets (“DTA”). As a result, the fair value of the net assets acquired decreased by $1.4 million and the impact of these measurement period adjustments increased goodwill to $23.9 million. Amortization expense of intangible assets for the years ended December 31, 2021, 2020 and 2019 is as follows (in thousands): 2021 2020 2019 Core deposit premiums $ 917 824 786 Customer relationship and other intangibles 2,597 2,457 1,869 Mortgage servicing rights 150 144 85 Total amortization expense of intangible assets $ 3,664 3,425 2,740 Scheduled amortization of core deposit premiums and customer relationship and other intangibles for each of the next five years is as follows (in thousands): Year ended December 31, Scheduled Amortization 2022 $ 3,143 2023 2,771 2024 2,432 2025 2,206 2026 2,096

Deposits

Deposits	12 Months Ended
	Dec. 31, 2021
Other Liabilities [Abstract]
Deposits	Deposits Deposits at December 31, 2021 and 2020 are summarized as follows (in thousands): 2021 Weighted average interest rate 2020 Weighted average interest rate Savings deposits $ 1,460,541 0.10 % $ 1,348,147 0.11 % Money market accounts 2,592,523 0.27 2,245,412 0.45 NOW accounts 3,722,198 0.20 2,808,637 0.42 Non-interest bearing deposits 2,766,235 — 2,341,459 — Certificates of deposit 692,515 0.58 1,094,174 0.89 Total deposits $ 11,234,012 $ 9,837,829 Scheduled maturities of certificates of deposit accounts at December 31, 2021 and 2020 are as follows (in thousands): 2021 2020 Within one year $ 534,459 886,018 One to three years 115,833 153,114 Three to five years 41,987 54,544 Five years and thereafter 236 498 $ 692,515 1,094,174 Interest expense on deposits for the years ended December 31, 2021, 2020 and 2019 is summarized as follows (in thousands): Years ended December 31, 2021 2020 2019 Savings deposits $ 1,604 1,689 1,681 NOW and money market accounts 20,458 22,762 29,542 Certificates of deposits 4,451 9,138 14,271 $ 26,513 33,589 45,494

Borrowed Funds

Borrowed Funds	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Borrowed Funds	Borrowed Funds Borrowed funds at December 31, 2021 and 2020 are summarized as follows (in thousands): 2021 2020 Securities sold under repurchase agreements $ 116,760 99,936 FHLB line of credit — 25,000 FHLB advances 510,014 1,051,036 Total borrowed funds $ 626,774 1,175,972 At December 31, 2021, FHLB advances were at fixed rates and mature between January 2022 and July 2025, and at December 31, 2020, FHLB advances were at fixed rates and mature between January 2020 and May 2022. These advances are secured by loans receivable under a blanket collateral agreement. Scheduled maturities of FHLB advances at December 31, 2021 are as follows (in thousands): 2021 Due in one year or less $ 318,602 Due after one year through two years 58,569 Due after two years through three years 58,583 Due after three years through four years 74,260 Thereafter — Total FHLB advances $ 510,014 Scheduled maturities of securities sold under repurchase agreements at December 31, 2021 are as follows (in thousands): 2021 Due in one year or less $ 116,760 Thereafter — Total securities sold under repurchase agreements $ 116,760 The following tables set forth certain information as to borrowed funds for the years ended December 31, 2021 and 2020 (in thousands): Maximum balance Average balance Weighted average interest rate 2021 Securities sold under repurchase agreements $ 132,005 116,158 0.07 % FHLB line of credit — 205 .34 FHLB advances 941,939 673,014 1.27 2020 Securities sold under repurchase agreements $ 115,233 86,194 0.28 % FHLB line of credit 422,000 97,853 1.09 FHLB advances 1,177,083 1,045,282 1.49 Securities sold under repurchase agreements include arrangements with deposit customers of the Bank to sweep funds into short-term borrowings. The Bank uses available for sale debt securities to pledge as collateral for the repurchase agreements. At December 31, 2021 and December 31, 2020, available for sale debt securities pledged as collateral for repurchase agreements totaled $136.0 million and $105.1 million, respectively. Interest expense on borrowings for the years ended December 31, 2021, 2020 and 2019 amounted to $8.6 million, $16.6 million and $28.0 million, respectively.

Subordinated Debentures

Subordinated Debentures	12 Months Ended
	Dec. 31, 2021
Brokers and Dealers [Abstract]
Subordinated Debentures	Subordinated Debentures As part of the July 31, 2020 acquisition of SB One, the Company assumed subordinated debentures with a total outstanding balance of $27.9 million and a net fair value of $25.1 million. The outstanding balance consisted of $12.9 million of subordinated deferrable interest debentures sold by the former SB One Bancorp to Sussex Capital Trust II (the “Trust”) and $15 million of private placement of fixed to-floating rate subordinated notes to an institutional investor. Sussex Capital Trust II, a non-consolidated subsidiary of the Company acquired as part of the SB One acquisition and a Delaware statutory business trust established on June 28, 2007, issued $12.5 million of variable rate capital trust pass-through securities to investors. In accordance with FASB ASC 810, Consolidation, Sussex Capital Trust II, is not included in our consolidated financial statements. For regulatory reporting purposes, capital trust pass-through securities qualify as Tier I capital subject to specified limitations. In addition, the Company assumed a $15.0 million private placement of fixed to-floating rate subordinated notes to an institutional investor on December 22, 2016. The proceeds of these trust preferred securities, which have been contributed to the Bank, are included in the Bank’s capital ratio calculations and treated as Tier I capital. The subordinated notes had an initial call date at par of December 22, 2021 which the Company exercised.

Benefit Plans

Benefit Plans	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
Benefit Plans	Benefit Plans Pension and Post-retirement Benefits The Bank has a noncontributory defined benefit pension plan covering its full-time employees who had attained age 21 with at least one year of service as of April 1, 2003. The pension plan was frozen on April 1, 2003. All participants in the pension plan are 100% vested. The pension plan’s assets are invested in investment funds and group annuity contracts currently managed by the Principal Financial Group and Allmerica Financial. Based on the measurement date of December 31, 2021, no contributions will be made to the pension plan in 2022. In addition to pension benefits, certain health care and life insurance benefits are currently made available to certain of the Bank’s retired employees. The costs of such benefits are accrued based on actuarial assumptions from the date of hire to the date the employee is fully eligible to receive the benefits. Effective January 1, 2003, eligibility for retiree health care benefits was frozen as to new entrants and benefits were eliminated for employees with less than ten years of service as of December 31, 2002. Effective January 1, 2007, eligibility for retiree life insurance benefits was frozen as to new entrants and retiree life insurance benefits were eliminated for employees with less than ten years of service as of December 31, 2006. The following table sets forth information regarding the pension plan and post-retirement healthcare and life insurance plans (in thousands): Pension Post-retirement 2021 2020 2019 2021 2020 2019 Change in benefit obligation: Benefit obligation at beginning of year $ 35,170 33,058 28,878 18,805 23,323 20,028 Service cost — — — 34 78 80 Interest cost 790 1,000 1,198 424 712 837 Actuarial (gain) loss (294) 381 63 (412) (169) — Benefits paid (1,656) (1,630) (1,493) (584) (627) (600) Change in actuarial assumptions (1,493) 2,361 4,412 (1,519) (4,512) 2,978 Benefit obligation at end of year $ 32,517 35,170 33,058 16,748 18,805 23,323 Change in plan assets: Fair value of plan assets at beginning of year $ 54,617 49,932 43,449 — — — Actual return on plan assets 5,490 6,315 7,976 — — — Employer contributions — — — 584 627 600 Benefits paid (1,656) (1,630) (1,493) (584) (627) (600) Fair value of plan assets at end of year 58,451 54,617 49,932 — — — Funded status at end of year $ 25,934 19,447 16,874 (16,748) (18,805) (23,323) For the years ended December 31, 2021 and 2020, the Company, in the measurement of its pension plan and post-retirement obligations updated its mortality assumptions to the RP 2014 mortality table with the fully generational projection scale MP 2021 and MP 2020 issued by The Society of Actuaries ("SOA") in October 2021 and 2020, respectively. The prepaid pension benefits of $25.9 million and the unfunded post-retirement healthcare and life insurance benefits of $16.7 million at December 31, 2021 are included in other assets and other liabilities, respectively, in the Consolidated Statements of Financial Condition. The components of accumulated other comprehensive loss (gain) related to the pension plan and other post-retirement benefits, on a pre-tax basis, at December 31, 2021 and 2020 are summarized in the following table (in thousands): Pension Post-retirement 2021 2020 2021 2020 Unrecognized prior service cost $ — — — — Unrecognized net actuarial loss (gain) 4,504 9,026 (8,915) (8,055) Total accumulated other comprehensive loss (gain) $ 4,504 9,026 (8,915) (8,055) Net periodic (benefit) increase cost for the years ending December 31, 2021, 2020 and 2019, included the following components (in thousands): Pension Post-retirement 2021 2020 2019 2021 2020 2019 Service cost $ — — — 34 78 80 Interest cost 790 1,000 1,198 424 712 837 Return on plan assets (3,227) (2,949) (2,562) — — — Amortization of: Net loss (gain) 472 696 1,015 (1,070) (248) (825) Unrecognized prior service cost — — — — — — Net periodic (benefit) increase cost $ (1,965) (1,253) (349) (612) 542 92 The weighted average actuarial assumptions used in the plan determinations at December 31, 2021, 2020 and 2019 were as follows: Pension Post-retirement 2021 2020 2019 2021 2020 2019 Discount rate 2.70 % 2.30 % 3.10 % 2.70 % 2.30 % 3.10 % Rate of compensation increase — — — — — — Expected return on plan assets 6.00 6.00 6.00 — — — Medical and life insurance benefits cost rate of increase — — — 6.00 6.00 6.00 The Company provides its actuary with certain rate assumptions used in measuring the benefit obligation. The most significant of these is the discount rate used to calculate the period-end present value of the benefit obligations, and the expense to be included in the following year’s financial statements. A lower discount rate will result in a higher benefit obligation and expense, while a higher discount rate will result in a lower benefit obligation and expense. The discount rate assumption was determined based on a cash flow-yield curve model specific to the Company’s pension and post-retirement plans. The Company compares this rate to certain market indices, such as long-term treasury bonds, or the Citigroup pension liability indices, for reasonableness. A discount rate of 2.70% was selected for the December 31, 2021 measurement date. Assumed health care cost trend rates have a significant effect on the amounts reported for health care plans. A 1% change in the assumed health care cost trend rate would have had the following effects on post-retirement benefits at December 31, 2021 (in thousands): 1% increase 1% decrease Effect on total service cost and interest cost $ 70 50 Effect on post-retirement benefits obligation $ 2,200 1,800 Estimated future benefit payments, which reflect expected future service, as appropriate for the next five years, are as follows (in thousands): Pension Post-retirement 2022 $ 1,745 736 2023 1,777 773 2024 1,788 782 2025 1,785 813 2026 1,784 804 The weighted-average asset allocation of pension plan assets at December 31, 2021 and 2020 were as follows: Asset Category 2021 2020 Domestic equities 39 % 39 % Foreign equities 11 % 12 % Fixed income 48 % 47 % Real estate 2 % 2 % Cash — % — % Total 100 % 100 % The Company’s expected return on pension plan assets assumption is based on historical investment return experience and evaluation of input from the Plan's Investment Consultant and the Company's Benefits Committee which manages the pension plan’s assets. The expected return on pension plan assets is also impacted by the target allocation of assets, which is based on the Company’s goal of earning the highest rate of return while maintaining risk at acceptable levels. Management strives to have pension plan assets sufficiently diversified so that adverse or unexpected results from one security class will not have a significant detrimental impact on the entire portfolio. The target allocation of assets and acceptable ranges around the targets are as follows: Asset Category Target Allowable Range Domestic equities 37 % 30-41% Foreign equities 11 % 5-13% Fixed income 50 % 40-65% Real estate 2 % 0-4% Cash 0 % 0% Total 100 % The Company anticipates that the long-term asset allocation on average will approximate the targeted allocation. Actual asset allocations are the result of investment decisions by a third-party investment manager. The following tables present the assets that are measured at fair value on a recurring basis by level within the U.S. GAAP fair value hierarchy as reported on the statements of net assets available for Plan benefits at December 31, 2021 and 2020, respectively. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Fair value measurements at December 31, 2021 (in thousands) Total (Level 1) (Level 2) (Level 3) Group annuity contracts $ 88 — 88 — Mutual funds: Fixed income 28,042 28,042 — — International equity 6,153 6,153 — — Large U.S. equity 1,834 1,834 — — Small/Mid U.S. equity 1,183 1,183 — — Total mutual funds 37,212 37,212 — — Pooled separate accounts 21,151 — 21,151 — Total Plan assets $ 58,451 37,212 21,239 — Fair value measurements at December 31, 2020 (in thousands) Total (Level 1) (Level 2) (Level 3) Group annuity contracts $ 64 — 64 — Mutual funds: Fixed income 25,418 25,418 — — International equity 6,581 6,581 — — Large U.S. equity 1,677 1,677 — — Small/Mid U.S. equity 1,225 1,225 — — Total mutual funds 34,901 34,901 — — Pooled separate accounts 19,652 — 19,652 — Total Plan assets $ 54,617 34,901 19,716 — 401(k) Plan The Bank has a 401(k) plan covering substantially all employees of the Bank. For 2021, 2020 and 2019, the Bank matched 25% of the first 6% contributed by the participants. The contribution percentage is determined by the Board of Directors in its sole discretion. The Bank’s aggregate contributions to the 401(k) Plan for 2021, 2020 and 2019 were $1.2 million, $1.0 million and $981,000, respectively. Supplemental Executive Retirement Plan The Bank maintains a non-qualified supplemental retirement plan for certain senior officers of the Bank. This unfunded plan, which was frozen as of April 1, 2003 provides benefits in excess of the benefits permitted to be paid by the pension plan under provisions of the tax law. Amounts expensed under this supplemental retirement plan amounted to $74,000, $80,000 and $85,000 for the years 2021, 2020 and 2019, respectively. At December 31, 2021 and 2020, $1.8 million and $1.8 million, respectively, were recorded in other liabilities on the Consolidated Statements of Financial Condition for this supplemental retirement plan. In connection with this supplemental retirement plan, an increase of $68,000, an increase of $89,000, and an increase of $187,000, net of tax, were recorded in other comprehensive income (loss) for 2021, 2020 and 2019, respectively. Retirement Plan for the Board of Directors of Provident Bank The Bank maintains a Retirement Plan for the Board of Directors of the Bank, a non-qualified plan that provides cash payments for up to 10 years to eligible retired board members based on age and length of service requirements. The maximum payment under this plan to a board member, who terminates service on or after the age of 72 with at least ten years of service on the board, is forty quarterly payments of $1,250. The Bank may suspend payments under this plan if it does not meet Federal Deposit Insurance Corporation or New Jersey Department of Banking and Insurance minimum capital requirements. The Bank may terminate this plan at any time although such termination may not reduce or eliminate any benefit previously accrued to a board member without his or her consent. The plan was amended in December 2005 to terminate benefits under this plan for any directors who had less than ten years of service on the board of directors of the Bank as of December 31, 2006. The plan further provides that, in the event of a change in control (as defined in the plan), the undistributed balance of a director’s accrued benefit will be distributed to him or her within 60 days of the change in control. The Bank paid $6,250, $10,000, and $15,000 to former board members under this plan for each of the years ended December 31, 2021, 2020 and 2019, respectively. At December 31, 2021 and 2020, $123,000 and $127,000, respectively, were recorded in other liabilities on the Consolidated Statements of Financial Condition for this retirement plan. Increases of $689, $6,334 and $730, net of tax, were recorded in other comprehensive income (loss) for 2021, 2020 and 2019, respectively, in connection with this plan. Employee Stock Ownership Plan The ESOP is a tax-qualified plan designed to invest primarily in the Company’s common stock that provides employees with the opportunity to receive a funded retirement benefit from the Bank, based primarily on the value of the Company’s common stock. The ESOP purchased 4,769,464 shares of the Company’s common stock at an average price of $17.09 per share with the proceeds of a loan from the Company to the ESOP. The outstanding loan principal at December 31, 2021, was $19.6 million. Shares of the Company’s common stock pledged as collateral for the loan are released from the pledge for allocation to participants as loan payments are made. For the years ending December 31, 2021 and 2020, 285,107 shares and 273,307 shares from the ESOP were released, respectively. Unallocated ESOP shares held in suspense totaled 898,073 at December 31, 2021, and had a fair value of $21.8 million. ESOP compensation expense for the years ended December 31, 2021, 2020 and 2019 was $4.3 million, $2.4 million and $4.5 million, respectively. Non-Qualified Supplemental Defined Contribution Plan (“the Supplemental Employee Stock Ownership Plan”) Effective January 1, 2004, the Bank established a deferred compensation plan for executive management and key employees of the Bank, known as Provident Bank Non-Qualified Supplemental Employee Stock Ownership Plan (the “Supplemental ESOP”). The Supplemental ESOP was amended and restated as the Non-Qualified Supplemental Defined Contribution Plan (the “Supplemental DC Plan”), effective January 1, 2010. The Supplemental DC Plan is a non-qualified plan that provides additional benefits to certain executives whose benefits under the 401(k) Plan and ESOP are limited by tax law limitations applicable to tax-qualified plans. The Supplemental DC Plan requires a contribution by the Bank for each participant who also participates in the 401(k) Plan and ESOP equal to the amount that would have been contributed under the terms of the 401(k) Plan and ESOP but for the tax law limitations, less the amount actually contributed under the 401(k) Plan and ESOP. The Supplemental DC Plan provides for a phantom stock allocation for qualified contributions that may not be accrued in the qualified ESOP and for matching contributions that may not be accrued in the qualified 401(k) Plan due to tax law limitations. Under the Supplemental 401(k) provision, the estimated expense for the years ending December 31, 2021, 2020 and 2019 was $25,000, $25,000 and $22,000, respectively, and included the matching contributions plus interest credited at an annual rate equal to the ten-year bond-equivalent yield on U.S. Treasury securities. Under the Supplemental ESOP provision, the estimated expense for the years ending December 31, 2021, 2020 and 2019 was $180,000, $180,000 and $140,000, respectively. The phantom equity is treated as equity awards (expensed at the time of allocation) and not liability awards which would require periodic adjustment to market, as participants do not have an option to take their distribution in cash. 2019 Long-Term Equity Incentive Plan Upon stockholders’ approval of the 2019 Long-Term Equity Incentive Plan on April 25, 2019, shares available for stock awards and stock options under the Amended and Restated Long-Term Incentive Plan were reserved for issuance under the new 2019 Long-Term Equity Incentive Plan. No additional grants of stock awards and stock options will be made under the Amended and Restated Long-Term Incentive Plan. The new plan authorized the issuance of up to 1,350,000 shares of Company common stock to be issued as stock awards. Shares previously awarded under prior equity incentive plans that are subsequently forfeited or expire may also be issued under this new plan. Stock Awards As a general rule, restricted stock grants are held in escrow for the benefit of the award recipient until vested. Awards outstanding generally vest in three corporate financial targets. Expense attributable to stock awards amounted to $5.5 million, $5.4 million and $6.7 million for the years ended December 31, 2021, 2020 and 2019, respectively. A summary status of the granted but unvested stock awards as of December 31, and changes during the year, is presented below: Restricted Stock Awards 2021 2020 2019 Outstanding at beginning of year 785,181 668,826 651,099 Granted 500,892 429,122 291,034 Forfeited (144,476) (59,938) (46,914) Vested (241,114) (252,829) (226,393) Outstanding at the end of year 900,483 785,181 668,826 As of December 31, 2021, unrecognized compensation cost relating to unvested restricted stock totaled $7.5 million. This amount will be recognized over a remaining weighted average period of 1.8 years. Stock Options Each stock option granted entitles the holder to purchase one share of the Company’s common stock at an exercise price not less than the fair value of a share of the Company’s common stock at the date of grant. Options generally vest over a five-year period from the date of grant and expire no later than 10 years following the grant date. Additionally, certain options are three-year performance-vesting options, which may or may not vest depending upon the attainment of certain corporate financial targets. A summary of the status of the granted but unexercised stock options as of December 31, 2021 2020 and 2019, and changes during the year is presented below: 2021 2020 2019 Number of stock options Weighted average exercise price Number of stock options Weighted average exercise price Number of stock options Weighted average exercise price Outstanding at beginning of year 596,441 $ 17.96 499,201 $ 19.32 470,979 $ 18.36 Granted 56,605 20.66 107,240 20.62 41,685 27.25 Exercised (86,593) 14.69 — — (13,463) 10.35 Forfeited — — (10,000) 14.68 — — Expired — — — — — — Outstanding at the end of year 566,453 $ 18.73 596,441 $ 17.96 499,201 $ 19.32 The total fair value of options vesting during 2021, 2020 and 2019 was $190,000, $185,000 and $193,000, respectively. Compensation expense of approximately $142,000, $77,000 and $11,000 is projected for 2022, 2023 and 2024, respectively, on stock options outstanding at December 31, 2021. The following table summarizes information about stock options outstanding at December 31, 2021: Options Outstanding Options Exercisable Range of exercise prices Number of options outstanding Average remaining contractual life Weighted average exercise price Number of options exercisable Weighted average exercise price $15.23-18.70 274,942 2.7 $ 17.28 274,942 $ 17.28 $20.62-27.25 291,511 7.5 $ 23.15 149,518 $ 24.91 The stock options outstanding and stock options exercisable at December 31, 2021 have an aggregate intrinsic value of $2.0 million and $2.5 million, respectively. The expense related to stock options is based on the fair value of the options at the date of the grant and is recognized ratably over the vesting period of the options. Compensation expense related to the Company’s stock option plan totaled $200,000, $190,000 and $181,000 for 2021, 2020 and 2019, respectively. The estimated fair values were determined on the dates of grant using the Black-Scholes Option pricing model. The fair value of the Company’ stock option awards are expensed on a straight-line basis over the vesting period of the stock option. The risk-free rate is based on the implied yield on a U.S. Treasury bond with a term approximating the expected term of the option. The expected volatility computation is based on historical volatility over a period approximating the expected term of the option. The dividend yield is based on the annual dividend payment per share, divided by the grant date stock price. The expected option term is a function of the option life and the vesting period. The fair value of the option grants was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions: For the year ended December 31, 2021 2020 2019 Expected dividend yield 4.45 % 4.46 % 3.38 % Expected volatility 30.75 % 20.33 % 22.01 % Risk-free interest rate 0.73 % 0.75 % 2.53 % Expected option life 8 years 8 years 8 years The weighted average fair value of options granted during 2021, 2020 and 2019 was $3.52, $1.83 and $4.57 per option, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The current and deferred amounts of income tax expense (benefit) for the years ended December 31, 2021, 2020 and 2019 are as follows (in thousands): Years ended December 31, 2021 2020 2019 Current: Federal $ 28,798 27,143 22,427 State 17,986 11,389 10,354 Total current 46,784 38,532 32,781 Deferred: Federal 10,548 (5,908) 1,650 State 1,865 (2,021) 24 Total deferred 12,413 (7,929) 1,674 $ 59,197 30,603 34,455 The Company recorded a deferred tax (benefit) expense of ($8.3) million, $5.2 million and $6.6 million during 2021, 2020 and 2019, respectively, related to the unrealized gains (losses) on available for sale debt securities, which is reported in accumulated other comprehensive income (loss), net of tax. Additionally, the Company recorded a deferred tax expense (benefit) of $1.4 million, $1.4 million and ($561,000) in 2021, 2020 and 2019, respectively, related to the amortization of post-retirement benefit obligations, which is reported in accumulated other comprehensive income (loss), net of tax. A reconciliation between the amount of reported total income tax expense and the amount computed by multiplying the applicable statutory income tax rate is as follows (in thousands): Years ended December 31, 2021 2020 2019 Tax expense at statutory rates $ 47,695 26,786 30,889 Increase (decrease) in taxes resulting from: State tax, net of federal income tax benefit 15,682 7,400 8,197 Tax-exempt interest income (2,690) (2,609) (3,082) Bank-owned life insurance (1,665) (1,363) (1,322) Other, net 175 389 (227) $ 59,197 30,603 34,455 The net deferred tax asset is included in other assets in the Consolidated Statements of Financial Condition. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2021 and 2020 are as follows (in thousands): 2021 2020 Deferred tax assets: Allowance for credit losses on loans $ 21,640 26,156 Allowance for credit loss on off-balance sheet ("OBS") credit exposure 1,763 1,295 Post-retirement benefit 6,908 6,924 Deferred compensation 743 839 Contingent consideration — 714 Purchase accounting adjustments 1,145 3,099 Depreciation 425 331 SERP 1,013 733 ESOP 1,145 1,377 Stock-based compensation 4,753 4,481 Payroll Protection Program fees 411 2,268 Non-accrual interest 232 225 Federal Net Operating Loss ("NOL") 239 280 Unrealized loss on securities 501 — Net unrealized loss on hedging activities — 1,717 Pension liability adjustments — 376 Lease liability 13,464 10,838 Other 1,196 693 Total gross deferred tax assets 55,578 62,346 Deferred tax liabilities: Pension expense 8,158 7,340 Contingent consideration 56 — Deferred loan costs 7,104 4,532 Investment securities, principally due to accretion of discounts 94 79 Intangibles 2,121 1,723 Originated mortgage servicing rights 184 160 Unrealized gain on available for sale debt securities — 7,802 Pension liability adjustments 1,036 — Net unrealized gain on hedging activities 788 — Lease right-of-use asset 13,082 10,606 Total gross deferred tax liabilities 32,623 32,242 Net deferred tax asset $ 22,955 30,104 Retained earnings at December 31, 2021 includes approximately $51.8 million for which no provision for income tax has been made. This amount represents an allocation of income to bad debt deductions for tax purposes only. Events that would result in taxation of these reserves include the failure to qualify as a bank for tax purposes, distributions in complete or partial liquidation, stock redemptions and excess distributions to stockholders. At December 31, 2021, the Company had an unrecognized tax liability of $13.4 million with respect to this reserve. As a result of the Beacon acquisition in 2011, the Company acquired federal net operating loss carryforwards. There are approximately $1.1 million of NOL carryforwards available to offset future taxable income as of December 31, 2021. If not utilized, these carryforwards will expire in 2031. The federal NOLs are subject to a combined annual Code Section 382 limitation in the amount of approximately $197,000. Management has determined that it is more likely than not that it will realize the net deferred tax asset based upon the nature and timing of the items listed above. In order to fully realize the net deferred tax asset, the Company will need to generate future taxable income. Management has projected that the Company will generate sufficient taxable income to utilize the net deferred tax asset; however, there can be no assurance that such levels of taxable income will be generated. The Company’s policy is to report interest and penalties, if any, related to unrecognized tax benefits in income tax expense. The Company did not have any liabilities for uncertain tax positions or any known unrecognized tax benefits at December 31, 2021 and 2020. The Company and its subsidiaries file a consolidated U.S. Federal income tax return. For tax periods prior to December 31, 2018, New Jersey tax law does not and has not allowed for a taxpayer to file a tax return on a combined or consolidated basis with another member of the affiliated group where there is common ownership . As a result of this enacted legislation that New Jersey effectuated on July 1, 2018, beginning in 2019, the Company and its subsidiaries is required to file a combined New Jersey state income tax return on apportioned and allocated income. Also, the Company and its subsidiaries file a combined New York State income tax return on apportioned and allocated income. The Company, through its bank subsidiary, files a Pennsylvania Mutual Thrift Institution Tax return. The Company's Federal and Pennsylvania Mutual Thrift Institutions tax returns are open for examination from 2018. The Company's 2017 and 2018 New York State returns are currently under audit and tax years after 2018 are still subject to examination for New York State. The Company's 2015 through 2018 New Jersey State returns are currently under audit and tax years after 2018 are still subject to examination for New Jersey.

Commitments, Contingencies and

Commitments, Contingencies and Concentrations of Credit Risk	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies and Concentrations of Credit Risk	Commitments, Contingencies and Concentrations of Credit Risk In the normal course of business, various commitments and contingent liabilities are outstanding which are not reflected in the accompanying consolidated financial statements. In the opinion of management, the consolidated financial position of the Company will not be materially affected by the outcome of such commitments or contingent liabilities. The Company is involved in various legal actions and claims arising in the normal course of its business. In the opinion of management, these legal actions and claims are not expected to have a material adverse impact on the Company’s financial condition or results of operations. A substantial portion of the Bank’s loans are to borrowers operating in or, are secured by real estate located in New Jersey, our primary market area. Accordingly, the collectability of a substantial portion of the Bank’s loan portfolio may be susceptible to changes in local real estate market conditions and the regional business environment.

Regulatory Capital Requirements

Regulatory Capital Requirements	12 Months Ended
	Dec. 31, 2021
Regulatory Assets and Liabilities Disclosure [Abstract]
Regulatory Capital Requirements	Regulatory Capital Requirements FDIC regulations require banks to maintain minimum levels of regulatory capital. Under the regulations in effect at December 31, 2021, the Bank is required to maintain: (1) a Tier 1 capital to total assets leverage ratio of 4.0%; (2) a common equity Tier 1 capital to risk-based assets ratio of 4.5%; (3) a Tier 1 capital to risk-based assets ratio of 6.0%; and (4) a total capital to risk-based assets ratio of 8.0%. In addition to establishing the minimum regulatory capital requirements, the regulations limit capital distributions and certain discretionary bonus payments to management if the institution does not hold a “capital conservation buffer” consisting of 2.5% of common equity Tier 1 capital to risk-weighted asset above the amount necessary to meet its minimum risk-based capital requirements. Under its prompt corrective action regulations, the FDIC is required to take certain supervisory actions (and may take additional discretionary actions) with respect to an undercapitalized institution. Such actions could have a direct material effect on an institution’s financial statements. The regulations establish a framework for the classification of savings institutions into five categories: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized. Generally, an institution is considered well capitalized if it has: a leverage (Tier 1) capital ratio of at least 5.00%; a common equity Tier 1 risk-based capital ratio of 6.50%; a Tier 1 risk-based capital ratio of at least 8.00%; and a total risk-based capital ratio of at least 10.00%. In the first quarter of 2020, U.S. federal regulatory authorities issued an interim final rule providing banking institutions that adopt CECL during the 2020 calendar year with the option to delay for two years the estimated impact of CECL on regulatory capital, followed by a three-year transition period to phase out the aggregate amount of the capital benefit provided during the initial two-year delay (i.e., a five year transition in total). In connection with its adoption of CECL on January 1, 2020, the Company elected to utilize the five-year CECL transition. The foregoing capital ratios are based in part on specific quantitative measures of assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by the FDIC about capital components, risk weightings and other factors. As of December 31, 2021 and 2020, the Bank exceeded all minimum capital adequacy requirements to which it is subject. Further, the most recent FDIC notification categorized the Bank as a well-capitalized institution under the prompt corrective action regulations. There have been no conditions or events since that notification that management believes have changed the Bank’s capital classification. The Company is regulated as a bank holding company, and as such, is subject to examination, regulation and periodic reporting under the Bank Holding Company Act, as administered by the Federal Reserve Board (“FRB”). The FRB has adopted capital adequacy guidelines for bank holding companies on a consolidated basis substantially similar to those of the FDIC for the Bank. As of December 31, 2021 and 2020, the Company was “well capitalized” under FRB guidelines. Regulations of the FRB provide that a bank holding company must serve as a source of strength to any of its subsidiary banks and must not conduct its activities in an unsafe or unsound manner. Under the prompt corrective action provisions discussed above, a bank holding company parent of an undercapitalized subsidiary bank would be directed to guarantee, within limitations, the capital restoration plan that is required of such an undercapitalized bank. If the undercapitalized bank fails to file an acceptable capital restoration plan or fails to implement an accepted plan, the FRB may prohibit the bank holding company parent of the undercapitalized bank from paying any dividend or making any other form of capital distribution without the prior approval of the FRB. The following table shows the Company’s actual capital amounts and ratios as of December 31, 2021 and 2020, compared to the FRB minimum capital adequacy requirements and the FRB requirements for classification as a well-capitalized institution (dollars in thousands). Actual capital FRB minimum capital FRB minimum capital adequacy requirements with capital conservation buffer To be well-capitalized under prompt corrective action provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of December 31, 2021 Tier 1 leverage capital $ 1,252,925 9.45 % $ 530,602 4.00 % $ 530,602 4.00 % $ 663,252 5.00 % Common equity Tier 1 risk-based capital 1,240,038 11.47 486,382 4.50 756,595 7.00 702,552 6.50 Tier 1 risk-based capital 1,252,925 11.59 648,510 6.00 918,722 8.50 864,680 8.00 Total risk-based capital 1,324,032 12.25 864,680 8.00 1,134,892 10.50 1,080,850 10.00 Actual capital FRB minimum capital adequacy requirements FRB minimum capital To be well-capitalized under prompt corrective action provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of December 31, 2020 Tier 1 leverage capital $ 1,157,505 9.30 % $ 497,794 4.00 % $ 497,794 4.00 % $ 622,243 5.00 % Common equity Tier 1 risk-based capital 1,144,618 10.46 492,359 4.50 765,892 7.00 711,185 6.50 Tier 1 risk-based capital 1,157,505 10.58 656,478 6.00 930,011 8.50 875,305 8.00 Total risk-based capital 1,306,494 11.94 875,305 8.00 1,148,837 10.50 1,094,131 10.00 The following table shows the Bank’s actual capital amounts and ratios as of December 31, 2021 and 2020, compared to the FDIC minimum capital adequacy requirements and the FDIC requirements for classification as a well-capitalized institution (dollars in thousands). Actual capital FDIC minimum capital FDIC minimum capital adequacy requirements with capital conservation buffer To be well-capitalized under prompt corrective action provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of December 31, 2021 Tier 1 leverage capital $ 1,174,495 8.86 % $ 530,275 4.00 % $ 530,275 4.00 % $ 662,844 5.00 % Common equity Tier 1 risk-based capital 1,174,495 10.87 486,122 4.50 756,190 7.00 702,177 6.50 Tier 1 risk-based capital 1,174,495 10.87 648,163 6.00 918,231 8.50 864,217 8.00 Total risk-based capital 1,245,602 11.53 864,217 8.00 1,134,285 10.50 1,080,272 10.00 Actual capital FDIC minimum capital adequacy requirements FRB minimum capital To be well-capitalized under prompt corrective action provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of December 31, 2020 Tier 1 leverage capital $ 1,086,589 8.75 % $ 496,908 4.00 % $ 496,908 4.00 % $ 621,135 5.00 % Common equity Tier 1 risk-based capital 1,086,589 9.96 491,135 4.50 763,988 7.00 709,417 6.50 Tier 1 risk-based capital 1,086,589 9.96 654,847 6.00 927,700 8.50 873,129 8.00 Total risk-based capital 1,223,469 11.21 873,129 8.00 1,145,982 10.50 1,091,411 10.00

Allowance for Credit Losses on

Allowance for Credit Losses on Off-Balance Sheet Credit Exposures	12 Months Ended
	Dec. 31, 2021
Credit Loss [Abstract]
Allowance for Credit Losses on Off-Balance Sheet Credit Exposures	Allowance for Credit Losses on Off-Balance Sheet Credit Exposures On January 1, 2020, the Company adopted CECL, which replaced the incurred loss methodology with an expected loss methodology. This new methodology applies to off-balance sheet credit exposures, including loan commitments and lines of credit. The adoption of this new standard resulted in the Company recording a $3.2 million increase to the allowance for credit losses on off-balance sheet credit exposures with a corresponding cumulative effect adjustment to decrease retained earnings $2.4 million, net of income taxes. Management analyzes the Company's exposure to credit losses for both on-balance sheet and off-balance sheet activity using a consistent methodology for the quantitative framework as well as the qualitative framework. For purposes of estimating the allowance for credit losses for off-balance sheet credit exposures, the exposure at default includes an estimated drawdown of unused credit based on historical credit utilization factors and current loss factors, resulting in a proportionate amount of expected credit losses. The following table illustrates the impact of the January 1, 2020 adoption of CECL on OBS credit exposures (dollars in thousands): January 1, 2020 As reported under CECL Prior to CECL Impact of CECL adoption Liabilities Allowance for credit losses on off-balance sheet credit exposure $ 3,206 — 3,206 For the years ended December 31, 2021 and 2020, the provision for credit losses for off-balance sheet credit exposures totaled $1.5 million and $1.8 million. The allowance for credit losses for OBS credit exposures was $6.5 million and $5.0 million at December 31, 2021 and 2020, respectively, and included in other liabilities on the Consolidated Statements of Financial Condition.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The determination of fair values of financial instruments often requires the use of estimates. Where quoted market values in an active market are not readily available, the Company utilizes various valuation techniques to estimate fair value. Fair value is an estimate of the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. However, in many instances fair value estimates may not be substantiated by comparison to independent markets and may not be realized in an immediate sale of the financial instrument. GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of fair value hierarchy are as follows: Level 1: Unadjusted quoted market prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2: Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability; and Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity). A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The valuation techniques are based upon the unpaid principal balance only, and exclude any accrued interest or dividends at the measurement date. Interest income and expense and dividend income are recorded within the consolidated statements of income depending on the nature of the instrument using the effective interest method based on acquired discount or premium. Assets Measured at Fair Value on a Recurring Basis The valuation techniques described below were used to measure fair value of financial instruments in the table below on a recurring basis as of December 31, 2021 and December 31, 2020. Available for Sale Debt Securities, at Fair Value For available for sale debt securities, fair value was estimated using a market approach. The majority of the Company’s securities are fixed income instruments that are not quoted on an exchange, but are traded in active markets. Prices for these instruments are obtained through third-party data service providers or dealer market participants with whom the Company has historically transacted both purchases and sales of securities. Prices obtained from these sources include market quotations and matrix pricing. Matrix pricing, a Level 2 input, is a mathematical technique used principally to value certain securities to benchmark to comparable securities. The Company evaluates the quality of Level 2 matrix pricing through comparison to similar assets with greater liquidity and evaluation of projected cash flows. As Management is responsible for the determination of fair value, it performs quarterly analyses on the prices received from the pricing service to determine whether the prices are reasonable estimates of fair value. Specifically, Management compares the prices received from the pricing service to a secondary pricing source. Additionally, Management compares changes in the reported market values and returns to relevant market indices to test the reasonableness of the reported prices. The Company’s internal price verification procedures and review of fair value methodology documentation provided by independent pricing services has generally not resulted in an adjustment in the prices obtained from the pricing service. Equity Securities, at Fair Value The Company holds equity securities that are traded in active markets with readily accessible quoted market prices that are considered Level 1 inputs. Derivatives The Company records all derivatives on the statements of financial condition at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. The Company has interest rate derivatives resulting from a service provided to certain qualified borrowers in a loan related transaction which, therefore, are not used to manage interest rate risk in the Company’s assets or liabilities. As such, all changes in fair value of the Company’s derivatives are recognized directly in earnings. The Company also uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges, and which satisfy hedge accounting requirements, involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without the exchange of the underlying notional amount. These derivatives were used to hedge the variable cash outflows associated with FHLBNY borrowings and brokered demand deposits. The change in the fair value of these derivatives is recorded in accumulated other comprehensive income, and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The fair value of the Company's derivatives is determined using discounted cash flow analysis using observable market-based inputs, which are considered Level 2 inputs. Assets Measured at Fair Value on a Non-Recurring Basis The valuation techniques described below were used to estimate fair value of financial instruments measured on a non-recurring basis as of December 31, 2021 and 2020. Collateral Dependent Impaired Loans For loans measured for impairment based on the fair value of the underlying collateral, fair value was estimated using a market approach. The Company measures the fair value of collateral underlying impaired loans primarily through obtaining independent appraisals that rely upon quoted market prices for similar assets in active markets. These appraisals include adjustments, on an individual case-by-case basis, to comparable assets based on the appraisers’ market knowledge and experience, as well as adjustments for estimated costs to sell between 5% and 10%. Management classifies these loans as Level 3 within the fair value hierarchy. Foreclosed Assets Assets acquired through foreclosure or deed in lieu of foreclosure are carried at fair value, less estimated selling costs, which range between 5% and 10%. Fair value is generally based on independent appraisals that rely upon quoted market prices for similar assets in active markets. These appraisals include adjustments, on an individual case basis, to comparable assets based on the appraisers’ market knowledge and experience, and are classified as Level 3. When an asset is acquired, the excess of the loan balance over fair value less estimated selling costs is charged to the allowance for credit losses. A reserve for foreclosed assets may be established to provide for possible write-downs and selling costs that occur subsequent to foreclosure. Foreclosed assets are carried net of the related reserve. Operating results from real estate owned, including rental income, operating expenses, and gains and losses realized from the sales of real estate owned, are recorded as incurred. There were no changes to the valuation techniques for fair value measurements during the years ended December 31, 2021 and 2020. The following tables present the assets and liabilities reported on the consolidated statements of financial condition at their fair value as of December 31, 2021 and 2020, by level within the fair value hierarchy (in thousands). Fair Value Measurements at Reporting Date Using: December 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Measured on a recurring basis: Available for sale debt securities: U.S. Treasury obligations $ 196,329 $ 196,329 — — Mortgage-backed securities 1,708,831 — 1,708,831 — Asset-backed securities 46,797 46,797 State and municipal obligations 69,707 — 69,707 — Corporate obligations 36,187 — 36,187 — Total available for sale debt securities $ 2,057,851 196,329 1,861,522 — Equity Securities 1,325 1,325 — — Derivative assets 65,903 — 65,903 $ 2,125,079 197,654 1,927,425 — Derivative liabilities $ 61,412 — 61,412 — Measured on a non-recurring basis: Loans measured for impairment based on the fair value of the underlying collateral $ 18,237 — — 18,237 Foreclosed assets 8,731 — — 8,731 $ 26,968 — — 26,968 Fair Value Measurements at Reporting Date Using: December 31, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Measured on a recurring basis: Available for sale debt securities: Agency obligations $ 1,009 1,009 — — Mortgage-backed securities 938,413 — 938,413 — Asset-backed securities 53,830 53,830 State and municipal obligations 71,258 — 71,258 — Corporate obligations 40,979 — 40,979 — Total available for sale debt securities $ 1,105,489 1,009 1,104,480 — Equity Securities 971 971 — — Derivative assets 101,079 — 101,079 — $ 1,207,539 1,980 1,205,559 — Derivative liabilities $ 109,148 — 109,148 — Measured on a non-recurring basis: Loans measured for impairment based on the fair value of the underlying collateral $ 26,250 — — 26,250 Foreclosed assets 4,475 — — 4,475 $ 30,725 — — 30,725 There were no transfers between Level 1, Level 2 and Level 3 during the years ended December 31, 2021 and 2020. Other Fair Value Disclosures The Company is required to disclose estimated fair value of financial instruments, both assets and liabilities on and off the balance sheet, for which it is practicable to estimate fair value. The following is a description of valuation methodologies used for those assets and liabilities. Cash and Cash Equivalents For cash and due from banks, federal funds sold and short-term investments, the carrying amount approximates fair value. Included in cash and cash equivalents at December 31, 2021 and December 31, 2020 was $27.3 million and $114.3 million, respectively, representing cash collateral pledged to secure loan level swaps and reserves required by banking regulations. Held to Maturity Debt Securities, Net of Allowance for Credit Losses For held to maturity debt securities, fair value was estimated using a market approach. The majority of the Company’s securities are fixed income instruments that are not quoted on an exchange, but are traded in active markets. Prices for these instruments are obtained through third party data service providers or dealer market participants with whom the Company has historically transacted both purchases and sales of securities. Prices obtained from these sources include market quotations and matrix pricing. Matrix pricing, a Level 2 input, is a mathematical technique used principally to value certain securities to benchmark to comparable securities. Management evaluates the quality of Level 2 matrix pricing through comparison to similar assets with greater liquidity and evaluation of projected cash flows. As management is responsible for the determination of fair value, it performs quarterly analyses on the prices received from the pricing service to determine whether the prices are reasonable estimates of fair value. Specifically, management compares the prices received from the pricing service to a secondary pricing source. Additionally, management compares changes in the reported market values and returns to relevant market indices to test the reasonableness of the reported prices. The Company’s internal price verification procedures and review of fair value methodology documentation provided by independent pricing services has generally not resulted in adjustment in the prices obtained from the pricing service. The Company also holds debt instruments issued by the U.S. government and U.S. government agencies that are traded in active markets with readily accessible quoted market prices that are considered Level 1 within the fair value hierarchy. FHLBNY Stock The carrying value of FHLBNY stock is its cost. The fair value of FHLBNY stock is based on redemption at par value. The Company classifies the estimated fair value as Level 1 within the fair value hierarchy. Loans Fair values are estimated for portfolios of loans with similar financial characteristics. Loans are segregated by type such as commercial mortgage, residential mortgage, commercial, construction and consumer. Each loan category is further segmented into fixed and adjustable rate interest terms and into performing and non-performing categories. The fair value of performing loans was estimated using a combination of techniques, including a discounted cash flow model that utilizes a discount rate that reflects the Company’s current pricing for loans with similar characteristics and remaining maturity, adjusted by an amount for estimated credit losses inherent in the portfolio at the balance sheet date (i.e. exit pricing). The rates take into account the expected yield curve, as well as an adjustment for prepayment risk, when applicable. The Company classifies the estimated fair value of its loan portfolio as Level 3. The fair value for significant non-performing loans was based on recent external appraisals of collateral securing such loans, adjusted for the timing of anticipated cash flows. The Company classifies the estimated fair value of its non-performing loan portfolio as Level 3. Deposits The fair value of deposits with no stated maturity, such as non-interest bearing demand deposits and savings deposits, was equal to the amount payable on demand and classified as Level 1. The estimated fair value of certificates of deposit was based on the discounted value of contractual cash flows. The discount rate was estimated using the Company’s current rates offered for deposits with similar remaining maturities. The Company classifies the estimated fair value of its certificates of deposit portfolio as Level 2. Borrowed Funds The fair value of borrowed funds was estimated by discounting future cash flows using rates available for debt with similar terms and maturities and is classified by the Company as Level 2 within the fair value hierarchy. Commitments to Extend Credit and Letters of Credit The fair value of commitments to extend credit and letters of credit was estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The Company classifies these commitments as Level 3 within the fair value hierarchy. 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 no 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 factors. 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 on- and off-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 goodwill and other intangibles, deferred tax assets and premises and equipment. 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. The following tables present the Company’s financial instruments at their carrying and fair values as of December 31, 2021 and December 31, 2020. Fair values are presented by level within the fair value hierarchy. Fair Value Measurements at December 31, 2021 Using: (Dollars in thousands) Carrying value Fair value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial assets: Cash and cash equivalents $ 712,463 712,463 712,463 — — Available for sale debt securities: U.S. Treasury obligations 196,329 196,329 196,329 — — Mortgage-backed securities 1,708,831 1,708,831 — 1,708,831 — Asset-backed securities 46,797 46,797 — 46,797 — State and municipal obligations 69,707 69,707 — 69,707 — Corporate obligations 36,187 36,187 — 36,187 — Total available for sale debt securities $ 2,057,851 2,057,851 196,329 1,861,522 — Held to maturity debt securities, net of allowance for credit losses: Agency obligations $ 9,996 9,821 9,821 — — Mortgage-backed securities 21 21 — 21 — State and municipal obligations 415,699 429,552 — 429,552 — Corporate obligations 10,434 10,315 — 10,315 — Total held to maturity debt securities, net of allowance for credit losses $ 436,150 449,709 9,821 439,888 — FHLBNY stock 34,290 34,290 34,290 — — Equity Securities 1,325 1,325 1,325 — — Loans, net of allowance for credit losses 9,500,884 9,607,225 — — 9,607,225 Derivative assets 65,903 65,903 — 65,903 — Financial liabilities: Deposits other than certificates of deposits $ 10,541,497 10,541,497 10,541,497 — — Certificates of deposit 692,515 694,041 — 694,041 — Total deposits $ 11,234,012 11,235,538 10,541,497 694,041 — Borrowings 626,774 625,636 — 625,636 — Subordinated Debentures 10,283 9,750 — 9,750 — Derivative liabilities 61,412 61,412 — 61,412 — Fair Value Measurements at December 31, 2020 Using: (Dollars in thousands) Carrying value Fair value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial assets: Cash and cash equivalents $ 532,353 532,353 532,353 — — Available for sale debt securities: Agency obligations 1,009 1,009 1,009 — — Mortgage-backed securities 938,413 938,413 — 938,413 — Asset-backed securities 53,830 53,830 — 53,830 — State and municipal obligations 71,258 71,258 — 71,258 — Corporate obligations 40,979 40,979 — 40,979 — Total available for sale debt securities $ 1,105,489 1,105,489 1,009 1,104,480 — Held to maturity debt securities: Agency obligations $ 7,600 7,601 7,601 — — Mortgage-backed securities 62 64 — 64 — State and municipal obligations 433,589 455,039 — 455,039 — Corporate obligations 9,714 9,825 — 9,825 — Total held to maturity debt securities, net of allowance for credit losses $ 450,965 472,529 7,601 464,928 — FHLBNY stock 59,489 59,489 59,489 — — Equity Securities 971 971 971 — — Loans, net of allowance for credit losses 9,721,424 9,969,330 — — 9,969,330 Derivative assets 101,079 101,079 — 101,079 — Financial liabilities: Deposits other than certificates of deposits $ 8,743,655 8,743,655 8,743,655 — — Certificates of deposit 1,094,174 1,097,993 — 1,097,993 — Total deposits $ 9,837,829 9,841,648 8,743,655 1,097,993 — Borrowings 1,175,972 1,193,024 — 1,193,024 — Subordinated Debentures 25,135 24,375 — 24,375 — Derivative liabilities 109,148 109,148 — 109,148 —

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following is a reconciliation of the outstanding shares used in the basic and diluted earnings per share calculations. For the Year Ended December 31, 2021 2020 2019 (In thousands, except per share data) Net income $ 167,921 96,951 112,633 Basic weighted average common shares outstanding 76,471,933 69,548,499 64,604,224 Plus: Dilutive shares 88,907 77,459 130,367 Diluted weighted average common shares outstanding 76,560,840 69,625,958 64,734,591 Earnings per share: Basic $ 2.20 1.39 1.74 Diluted $ 2.19 1.39 1.74 Anti-dilutive stock options and awards totaling 769,458 shares, 999,718 shares and 646,457 shares at December 31, 2021, 2020 and 2019, respectively, were excluded from the earnings per share calculations.

Parent-only Financial Informati

Parent-only Financial Information	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]
Parent-only Financial Information	Parent-only Financial Information The condensed financial statements of Provident Financial Services, Inc. (parent company only) are presented below: Condensed Statements of Financial Condition (Dollars in Thousands) December 31, 2021 December 31, 2020 Assets Cash and due from banks $ 12,498 10,634 Available for sale debt securities, at fair value 1,138 971 Investment in subsidiary 1,631,554 1,561,769 Due from subsidiary—SAP 38,286 42,347 ESOP loan 19,615 25,555 Other assets 4,643 4,023 Total assets $ 1,707,734 1,645,299 Liabilities and Stockholders’ Equity Other liabilities 355 367 Subordinated Debentures 10,283 25,135 Total stockholders’ equity 1,697,096 1,619,797 Total liabilities and stockholders’ equity $ 1,707,734 1,645,299 Condensed Statements of Operations (Dollars in Thousands) For the Years Ended December 31, 2021 2020 2019 Dividends from subsidiary $ 71,478 65,823 72,809 Interest income 1,022 1,245 1,470 Investment gain 167 147 162 Total income 72,667 67,215 74,441 Subordinated debentures 1,189 512 — Non-interest expense 1,292 1,196 1,192 Total expense 2,481 1,708 1,192 Income before income tax expense 70,186 65,507 73,249 Income tax expense — — 127 Income before undistributed net income of subsidiary 70,186 65,507 73,122 Earnings in excess of dividends (equity in undistributed net income) of subsidiary 97,735 31,444 39,511 Net income $ 167,921 96,951 112,633 Condensed Statements of Cash Flows (Dollars in Thousands) For the Years Ended December 31, 2021 2020 2019 Cash flows from operating activities: Net income $ 167,921 96,951 112,633 Adjustments to reconcile net income to net cash provided by operating activities Earnings in excess of dividends (equity in undistributed net income) of subsidiary (97,735) (31,444) (39,511) ESOP allocation 4,318 2,401 4,533 SAP allocation 5,451 5,330 6,671 Stock option allocation 200 189 181 Increase in due to subsidiary—SAP (4,061) 54,088 3,745 Decrease (increase) in other assets 27,106 (138,256) 21,285 (Decrease) increase in other liabilities (12) (4,493) (734) Net cash provided by (used in) operating activities 103,188 (15,234) 108,803 Cash flows from investing activities: Cash received, net of cash consideration paid for acquisition — 78,089 — Net decrease in ESOP loan 5,939 5,558 5,643 Net cash provided by investing activities 5,939 83,647 5,643 Cash flows from financing activities: Purchases of treasury stock (20,711) (21,161) (19,867) Purchase of employee restricted shares to fund statutory tax withholding (961) (969) (1,985) Cash dividends paid (71,478) (65,823) (72,809) Repayment of subordinated debentures (15,000) — — Shares issued dividend reinvestment plan — 451 2,230 Stock options exercised 887 — 139 Net cash used in financing activities (107,263) (87,502) (92,292) Net increase (decrease) in cash and cash equivalents 1,864 (19,089) 22,154 Cash and cash equivalents at beginning of period 10,634 29,723 7,569 Cash and cash equivalents at end of period $ 12,498 10,634 29,723

Other Comprehensive Income (Los

Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Other Comprehensive Income (Loss)	Other Comprehensive Income (Loss) The following table presents the components of other comprehensive income (loss) both gross and net of tax, for the years ended December 31, 2021, 2020 and 2019 (in thousands): For the Years Ended December 31, 2021 2020 2019 Before Tax Tax Effect After Tax Before Tax Tax Effect After Tax Before Tax Tax Effect After Tax Components of Other Comprehensive Income ( Loss): Unrealized losses on available for sale debt securities: Net (losses) gains arising during the period $ (31,972) 8,242 (23,730) 20,134 (5,190) 14,944 24,987 (6,636) 18,351 Reclassification adjustment for gains included in net income (230) 59 (171) — — — — — — Total (32,202) 8,301 (23,901) 20,134 (5,190) 14,944 24,987 (6,636) 18,351 Unrealized gains (losses) on derivatives (cash flow hedges) 12,189 (3,142) 9,047 (7,099) 1,830 (5,269) (780) 201 (579) Amortization related to post-retirement obligations 5,474 (1,412) 4,062 5,604 (1,445) 4,159 (2,176) 561 (1,615) Total other comprehensive (loss) income $ (14,539) 3,747 (10,792) 18,639 (4,805) 13,834 22,031 (5,874) 16,157 The following table presents the changes in the components of accumulated other comprehensive loss, net of tax, for the years ended December 31, 2021 and 2020 (in thousands): Changes in Accumulated Other Comprehensive Income by Component, net of tax For the Years Ended December 31, 2021 2020 Unrealized (Losses) Gains on Available for Sale Debt Securities Post-Retirement Unrealized Gains (Losses) on Derivatives (cash flow hedges) Accumulated Unrealized Gains on Available for Sale Debt Securities Post-Retirement Unrealized Gains (Losses) on Derivatives (cash flow hedges) Accumulated Balance at the beginning of the period $ 23,690 (1,081) (4,954) 17,655 8,746 (5,240) 315 3,821 Current period change in other comprehensive (loss) income (23,901) 4,062 9,047 (10,792) 14,944 4,159 (5,269) 13,834 Balance at the end of the period $ (211) 2,981 4,093 6,863 23,690 (1,081) (4,954) 17,655 The following table summarizes the reclassifications out of accumulated other comprehensive (loss) income for the years ended December 31, 2021, 2020 and 2019 (in thousands): Reclassifications Out of Accumulated Other Comprehensive Amount reclassified from AOCI for the years ended December 31, Affected line item in the Consolidated 2021 2020 2019 Details of AOCI: Available for sale debt securities: Realized net gains on the sale of securities available for sale $ (230) — — Net gain on securities transactions 59 — — Income tax expense (171) — — Net of tax Cash flow hedges: Unrealized losses (gains) on derivatives 3,878 1,741 (624) Interest expense (1,000) (449) 161 Income tax expense 2,878 1,292 (463) Post-retirement obligations: Amortization of actuarial (gains) losses (598) 448 190 Compensation and employee benefits (1) 154 (115) (50) Income tax expense (444) 333 140 Net of tax Total reclassifications $ 2,263 1625 (323) Net of tax (1) This item is included in the computation of net periodic benefit cost. See Note 13. Benefit Plans

Derivative and Hedging Activiti

Derivative and Hedging Activities	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative and Hedging Activities	Derivative and Hedging Activities The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through the management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk, primarily by managing the amount, sources, and duration of its assets and liabilities. Non-designated Hedges. Derivatives not designated in qualifying hedging relationships are not speculative and result from a service the Company provides to certain qualified commercial borrowers in loan related transactions which, therefore, are not used to manage interest rate risk in the Company’s assets or liabilities. The Company executes interest rate swaps with qualified commercial banking customers to facilitate their respective risk management strategies. Those interest rate swaps are simultaneously hedged by offsetting interest rate swaps that the Company executes with a third party, such that the Company minimizes its net risk exposure resulting from such transactions. The interest rate swap agreement which the Company executes with the commercial borrower is collateralized by the borrower's commercial real estate financed by the Company. As the Company has not elected to apply hedge accounting and these interest rate swaps do not meet the hedge accounting requirements, changes in the fair value of both the customer swaps and the offsetting swaps are recognized directly in earnings. At December 31, 2021 and 2020, the Company had 166 and 172 interest rate swaps with an aggregate notional amount of $2.42 billion and $2.63 billion, respectively. The Company periodically enters into risk participation agreements ("RPAs"), with the Company functioning as either the lead institution, or as a participant when another company is the lead institution on a commercial loan. These RPAs are entered into to manage the credit exposure on interest rate contracts associated with these loan participation agreements. Under the RPAs, the Company will either receive or make a payment in the event the borrower defaults on the related interest rate contract. The Company has minimum collateral posting thresholds with certain of its risk participation counterparties, and has posted collateral of $650,000 against the potential risk of default by the borrower under these agreements. At December 31, 2021 and 2020, the Company had 13 credit derivatives, respectively, with aggregate notional amounts of $144.8 million and $121.7 million, respectively, from participations in interest rate swaps as part of these loan participation arrangements. At December 31, 2021 and December 31, 2020, the fair value of these credit derivatives were $108,800 and $97,000, respectively. Cash Flow Hedges of Interest Rate Risk. The Company’s objective in using interest rate derivatives is to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable payment amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. Changes in the fair value of derivatives designated and that qualify as cash flow hedges of interest rate risk are recorded in accumulated other comprehensive income and are subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. During the years ended December 31, 2021, 2020 and 2019, such derivatives were used to hedge the variable cash outflows associated with FHLBNY borrowings and brokered demand deposits. Amounts reported in accumulated other comprehensive income (loss) related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s borrowings and brokered demand deposits. During the next twelve months, the Company estimates that $1.3 million will be reclassified as an increase to interest expense. As of December 31, 2021, the Company had 14 outstanding interest rate derivatives with an aggregate notional amount of $600.0 million that was designated as a cash flow hedge of interest rate risk. Assets and liabilities relating to certain financial instruments, including derivatives, may be eligible for offset in the Consolidated Statements of Condition and/or subject to enforceable master netting arrangements or similar agreements. The Company does not offset asset and liabilities under such arrangements in the Consolidated Statements of Condition. The tables below present a gross presentation, the effects of offsetting, and a net presentation of the Company’s financial instruments that are eligible for offset in the Consolidated Statements of Condition at December 31, 2021 and December 31, 2020 (in thousands). Fair Values of Derivative Instruments as of December 31, 2021 Asset Derivatives Liability Derivatives Notional Amount Consolidated Statements of Financial Condition Fair value (2) Notional Amount Consolidated Statements of Financial Condition Fair value (2) Derivatives not designated as a hedging instrument: Interest rate products $ 1,188,703 Other assets $ 59,110 $ 1,188,703 Other liabilities $ 60,163 Credit contracts 33,683 Other assets 76 97,213 Other liabilities 46 Total derivatives not designated as a hedging instrument 59,186 60,209 Derivatives designated as a hedging instrument: Interest rate products 250,000 Other assets 7,278 350,000 Other liabilities 2,263 Total gross derivative amounts recognized on the balance sheet 66,464 62,472 Gross amounts offset on the balance sheet — — Net derivative amounts presented on the balance sheet $ 66,464 $ 62,472 Gross amounts not offset on the balance sheet: Financial instruments - institutional counterparties $ 18,618 $ 18,618 Cash collateral - institutional counterparties (1) — 26,566 Net derivatives not offset $ 47,846 $ 17,288 Fair Values of Derivative Instruments as of December 31, 2020 Asset Derivatives Liability Derivatives Notional Amount Consolidated Statements of Financial Condition Fair value (2) Notional Amount Consolidated Statements of Financial Condition Fair value (2) Derivatives not designated as a hedging instrument: Interest rate products $ 1,316,163 Other assets $ 108,519 $ 1,316,163 Other liabilities $ 109,957 Credit contracts 47,745 Other assets 97 73,954 Other liabilities 58 Total derivatives not designated as a hedging instrument 108,616 110,015 Derivatives designated as a hedging instrument: Interest rate products 175,000 Other assets 498 425,000 Other liabilities 7,582 Total gross derivative amounts recognized on the balance sheet 109,114 117,597 Gross amounts offset on the balance sheet — — Net derivative amounts presented on the balance sheet $ 109,114 $ 117,597 Gross amounts not offset on the balance sheet: Financial instruments - institutional counterparties $ 928 $ 928 Cash collateral - institutional counterparties (1) — 113,620 Net derivatives not offset $ 108,186 $ 3,049 (1) Cash collateral represents the amount that cannot be used to offset our derivative assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance. The application of the cash collateral cannot reduce the net derivative position below zero. Therefore, excess cash collateral, if any, is not reflected above. (2) The fair values related to interest rate products in the above net derivative tables show the total value of assets and liabilities, which include accrued interest receivable and accrued interest payable for the periods ended December 31, 2021 and December 31, 2020. The table below presents the effect of the Company’s derivative financial instruments on the Consolidated Statements of Income for the years ended December 31, 2021, 2020 and 2019 (in thousands). Gain (loss) recognized in Income on derivatives For the Year Ended December 31, Consolidated Statements of Income 2021 2020 2019 Derivatives not designated as a hedging instruments: Interest rate products Other income $ 384 (950) (64) Credit contracts Other income 29 30 (53) Total derivatives not designated as hedging instruments $ 413 (920) (117) Derivatives designated as a hedging instruments: Loss (gain) recognized in Expense on derivatives Interest rate products Interest expense $ 3,878 1,741 (624) Total derivatives designated as a hedging instruments $ 3,878 1,741 (624) The Company has agreements with certain of its dealer counterparties which contain a provision that if the Company defaults on any of its indebtedness, including a default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be deemed in default on its derivative obligations. In addition, the Company has agreements with certain of its dealer counterparties which contain a provision that if the Company fails to maintain its status as a well or adequately capitalized institution, then the counterparty could terminate the derivative positions and the Company would be required to settle its obligations under the agreements. As of December 31, 2021, the Company had four dealer counterparties. The Company had a net liability position with respect to three of the counterparties. The termination value for this net liability position, which includes accrued interest, was $26.0 million at December 31, 2021. The Company has minimum collateral posting thresholds with certain of its derivative counterparties, and has posted collateral of $26.7 million against its obligations under these agreements. If the Company had breached any of these provisions at December 31, 2021, it could have been required to settle its obligations under the agreements at the termination value

Revenue Recognition

Revenue Recognition	12 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The Company generates revenue from several business channels. The guidance in ASU 2014-09, Revenue from Contracts with Customers (Topic 606) does not apply to revenue associated with financial instruments, including interest income on loans and investments, which comprise the majority of the Company's revenue. For the years ended December 31, 2021, 2020 and 2019 the out-of-scope revenue related to financial instruments were 82%, 83% and 85% of the Company's total revenue, respectively. Revenue-generating activities that are within the scope of Topic 606, are components of non-interest income. These revenue streams can generally be classified into wealth management revenue, insurance agency income and banking service charges and other fees. The following table presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the years ended December 31, 2021, 2020 and 2019: December 31, (in-thousands) 2021 2020 2019 Non-interest income In-scope of Topic 606: Wealth management fees $ 30,756 25,733 22,503 Insurance agency income 10,216 3,513 — Banking service charges and other fees: Service charges on deposit accounts 10,921 10,312 13,117 Debit card and ATM fees 5,665 5,974 5,734 Total banking service charges and other fees 16,586 16,286 18,851 Total in-scope non-interest income 57,558 45,532 41,354 Total out-of-scope non-interest income 29,251 26,899 22,440 Total non-interest income $ 86,809 72,431 63,794 Wealth management fee income represents fees earned from customers as consideration for asset management, investment advisory and trust services. The Company’s performance obligation is generally satisfied monthly and the resulting fees are recognized monthly. The fee is generally based upon the average market value of the assets under management ("AUM") for the month and the applicable fee rate. The monthly accrual of wealth management fees is recorded in other assets on the Company's Consolidated Statements of Financial Condition. Fees are received from the customer on a monthly basis. The Company does not earn performance-based incentives. To a lesser extent, optional services such as tax return preparation and estate settlement are also available to existing customers. The Company’s performance obligation for these transaction-based services are generally satisfied, and related revenue recognized, at either a point in time when the service is completed, or in the case of estate settlement, over a relatively short period of time, as each service component is completed. Insurance agency income, consisting of commissions and fees, is generally recognized as of the effective date of the insurance policy. Commission revenues related to installment billings are recognized on the invoice date. Subsequent commission adjustments are recognized upon the receipt of notification from insurance companies concerning matters necessitating such adjustments. Profit-sharing contingent commissions are recognized when determinable, which is generally when such commissions are received from insurance companies, or when the Company receives formal notification of the amount of such payments. Service charges on deposit accounts include overdraft service fees, account analysis fees and other deposit related fees. These fees are generally transaction-based, or time-based services. The Company's performance obligation for these services are generally satisfied, and revenue recognized, at the time the transaction is completed, or the service rendered. Fees for these services are generally received from the customer either at the time of transaction, or monthly. Debit card and ATM fees are generally transaction-based. Debit card revenue is primarily comprised of interchange fees earned when a customer's Company card is processed through a card payment network. ATM fees are largely generated when a Company cardholder uses a non-Company ATM, or a non-Company cardholder uses a Company ATM. The Company's performance obligation for these services is satisfied when the service is rendered. Payment is generally received at time of transaction or monthly.

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Leases	Leases On January 1, 2019, the Company adopted ASU 2016-02, "Leases" (Topic 842) and all subsequent ASU's that modified Topic 842. For the Company, Topic 842 primarily affected the accounting treatment for operating lease agreements in which the Company is the lessee. The Company elected the modified retrospective transition option effective with the period of adoption, elected not to recast comparative periods presented when transitioning to the new leasing standard and adjustments, if required, are made at the beginning of the period through a cumulative-effect adjustment to opening retained earnings. The Company also elected practical expedients, which allowed the Company to forego a reassessment of: (1) whether any expired or existing contracts are or contain leases; (2) the lease classification for any expired or existing leases; and (3) the initial direct costs for any existing leases. The adoption of the new standard resulted in the Company recording a right-of-use asset and an operating lease liability of $44.9 million and $46.1 million, respectively, based on the present value of the expected remaining lease payments at January 1, 2019. Also, on January 1, 2019, the Company had $5.9 million of net deferred gains associated with several sale and leaseback transactions executed prior to the adoption of ASU 2016-02. In accordance with the guidance, these net deferred gains were adjusted, net of tax, as a cumulative-effect adjustment to opening retained earnings. All of the leases in which the Company is the lessee are classified as operating leases and are primarily comprised of real estate property for branches and administrative offices with terms extending through 2040. The following table represents the consolidated statements of financial condition classification of the Company’s right-of use-assets and lease liabilities at December 31, 2021 (in thousands): Classification December 31, 2021 Lease Right-of-Use Assets: Operating lease right-of-use assets Other assets $ 48,808 Lease Liabilities: Operating lease liabilities Other liabilities $ 50,236 The calculated amount of the right-of-use assets and lease liabilities in the table above are impacted by the length of the lease term and the discount rate used to present value the minimum lease payments. The Company’s lease agreements often include one or more options to renew at the Company’s discretion. If at lease inception the Company considers the exercising of a renewal option to be reasonably certain, the Company will include the extended term in the calculation of the right-of-use asset and lease liability. Generally, the Company considers the first renewal option to be reasonably certain and includes it in the calculation of the right-of use asset and lease liability. Regarding the discount rate, Topic 842 requires the use of the rate implicit in the lease whenever this rate is readily determinable. As this rate is rarely determinable, the Company utilizes its incremental borrowing rate at lease inception based upon the term of the lease. For operating leases existing prior to January 1, 2019, the rate for the remaining lease term as of January 1, 2019 was applied. At December 31, 2021, the weighted-average remaining lease term and the weighted-average discount rate for the Company's operating leases were 8.9 years and 2.77%, respectively. The following table represents lease costs and other lease information for the Company's operating leases. The variable lease cost primarily represents variable payments such as common area maintenance and utilities (in thousands): Year ended December 31, 2021 Year ended December 31, 2020 Lease Costs Operating lease cost $ 10,074 9,012 Variable lease cost 2,899 2,756 Total Lease Cost $ 12,973 11,768 Cash paid for amounts included in the measurement of lease liabilities (in thousands): Year ended December 31, 2021 Year ended December 31, 2020 Operating cash flows from operating leases $ 9,255 8,863 For the year ended December 31, 2021, the Company added one new lease obligation related to the Company's new operations office located in Woodbridge, New Jersey. The Company recorded a $10.0 million right-of-use asset and lease liability for this lease obligation. Future minimum payments for operating leases with initial or remaining terms of one year or more as of December 31, 2021 were as follows (in thousands): Operating Leases Years ended: 2022 $ 7,657 2023 7,414 2024 7,039 2025 6,481 2026 5,247 Thereafter 23,400 Total future minimum lease payments 57,238 Amounts representing interest 7,002 Present value of net future minimum lease payments $ 50,236
Leases	Leases On January 1, 2019, the Company adopted ASU 2016-02, "Leases" (Topic 842) and all subsequent ASU's that modified Topic 842. For the Company, Topic 842 primarily affected the accounting treatment for operating lease agreements in which the Company is the lessee. The Company elected the modified retrospective transition option effective with the period of adoption, elected not to recast comparative periods presented when transitioning to the new leasing standard and adjustments, if required, are made at the beginning of the period through a cumulative-effect adjustment to opening retained earnings. The Company also elected practical expedients, which allowed the Company to forego a reassessment of: (1) whether any expired or existing contracts are or contain leases; (2) the lease classification for any expired or existing leases; and (3) the initial direct costs for any existing leases. The adoption of the new standard resulted in the Company recording a right-of-use asset and an operating lease liability of $44.9 million and $46.1 million, respectively, based on the present value of the expected remaining lease payments at January 1, 2019. Also, on January 1, 2019, the Company had $5.9 million of net deferred gains associated with several sale and leaseback transactions executed prior to the adoption of ASU 2016-02. In accordance with the guidance, these net deferred gains were adjusted, net of tax, as a cumulative-effect adjustment to opening retained earnings. All of the leases in which the Company is the lessee are classified as operating leases and are primarily comprised of real estate property for branches and administrative offices with terms extending through 2040. The following table represents the consolidated statements of financial condition classification of the Company’s right-of use-assets and lease liabilities at December 31, 2021 (in thousands): Classification December 31, 2021 Lease Right-of-Use Assets: Operating lease right-of-use assets Other assets $ 48,808 Lease Liabilities: Operating lease liabilities Other liabilities $ 50,236 The calculated amount of the right-of-use assets and lease liabilities in the table above are impacted by the length of the lease term and the discount rate used to present value the minimum lease payments. The Company’s lease agreements often include one or more options to renew at the Company’s discretion. If at lease inception the Company considers the exercising of a renewal option to be reasonably certain, the Company will include the extended term in the calculation of the right-of-use asset and lease liability. Generally, the Company considers the first renewal option to be reasonably certain and includes it in the calculation of the right-of use asset and lease liability. Regarding the discount rate, Topic 842 requires the use of the rate implicit in the lease whenever this rate is readily determinable. As this rate is rarely determinable, the Company utilizes its incremental borrowing rate at lease inception based upon the term of the lease. For operating leases existing prior to January 1, 2019, the rate for the remaining lease term as of January 1, 2019 was applied. At December 31, 2021, the weighted-average remaining lease term and the weighted-average discount rate for the Company's operating leases were 8.9 years and 2.77%, respectively. The following table represents lease costs and other lease information for the Company's operating leases. The variable lease cost primarily represents variable payments such as common area maintenance and utilities (in thousands): Year ended December 31, 2021 Year ended December 31, 2020 Lease Costs Operating lease cost $ 10,074 9,012 Variable lease cost 2,899 2,756 Total Lease Cost $ 12,973 11,768 Cash paid for amounts included in the measurement of lease liabilities (in thousands): Year ended December 31, 2021 Year ended December 31, 2020 Operating cash flows from operating leases $ 9,255 8,863 For the year ended December 31, 2021, the Company added one new lease obligation related to the Company's new operations office located in Woodbridge, New Jersey. The Company recorded a $10.0 million right-of-use asset and lease liability for this lease obligation. Future minimum payments for operating leases with initial or remaining terms of one year or more as of December 31, 2021 were as follows (in thousands): Operating Leases Years ended: 2022 $ 7,657 2023 7,414 2024 7,039 2025 6,481 2026 5,247 Thereafter 23,400 Total future minimum lease payments 57,238 Amounts representing interest 7,002 Present value of net future minimum lease payments $ 50,236

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Principles of Consolidation	Principles of ConsolidationThe consolidated financial statements include the accounts of Provident Financial Services, Inc. (the “Company”), Provident Bank (the “Bank”) and their wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Certain reclassifications have been made in the consolidated financial statements to conform with current year classifications.
Business	Business The Company, through the Bank, provides a full range of banking services to individual and business customers through branch offices in New Jersey, Queens County, New York and eastern Pennsylvania. The Bank is subject to competition from other financial institutions and to the regulations of certain federal and state agencies, and undergoes periodic examinations by those regulatory authorities.
Basis of Financial Statement Presentation	Basis of Financial Statement Presentation The consolidated financial statements of the Company have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”). In preparing the consolidated financial statements, management is required to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the reported amounts of assets and liabilities and disclosures about contingent assets and liabilities as of the dates of the consolidated statements of financial condition, and revenues and expenses for the periods then ended. Such estimates are used in connection with the determination of the allowance for credit losses, evaluation of goodwill for impairment, evaluation of the need for valuation allowances on deferred tax assets, and determination of liabilities related to retirement and other post-retirement benefits, among others. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the currently forecasted economic environment, which management believes to be reasonable under the circumstances. Such estimates and assumptions are adjusted when facts and circumstances dictate. Illiquid credit markets, volatile securities markets, and declines in the housing market and the economy generally have combined to increase the uncertainty inherent in such estimates and assumptions. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in estimates will be reflected in the financial statements in future periods.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash and due from banks, Federal funds sold and commercial paper with original maturity dates less than 90 days.
Securities	Securities Securities include held to maturity debt securities and available for sale debt securities. The available for sale debt securities portfolio is carried at estimated fair value, with any unrealized gains or losses, net of taxes, reported as accumulated other comprehensive income or loss in Stockholders’ Equity. Estimated fair values are provided by reputable and widely used pricing services who maintain pricing methodologies appropriate for varying security classes using valuation techniques that are in accordance with U.S. GAAP. Securities which the Company has the positive intent and ability to hold to maturity are classified as held to maturity debt securities and carried at amortized cost. On January 1, 2020, the Company adopted CECL which replaces the incurred loss methodology with an expected loss methodology. Management measures expected credit losses on held to maturity debt securities on a collective basis by security type. Management classifies the held to maturity debt securities portfolio into the following security types: • Agency obligations; • Mortgage-backed securities; • State and municipal obligations; and • Corporate obligations. All of the agency obligations held by the Company are issued by U.S. government entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. The majority of the state and municipal, and corporate obligations carry no lower than A ratings from the rating agencies at December 31, 2021 and the Company had one security rated with a triple-B by Moody’s Investors Service. Premiums on securities are amortized to income using a method that approximates the interest method over the remaining period to the earliest call date or contractual maturity, adjusted for anticipated prepayments. Discounts on securities are accreted to income over the remaining period to the contractual maturity, adjusted for anticipated prepayments. Interest income is recognized on an accrual basis, while dividend income is recognized when earned. Realized gains and losses are recognized when securities are sold or called based on the specific identification method. Equity Securities The Company holds equity securities that are traded in active markets with readily accessible quoted market prices.
Fair Value of Financial Instruments	Fair Value of Financial Instruments GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.
Federal Home Loan Bank of New York Stock	Federal Home Loan Bank of New York Stock The Bank, as a member of the Federal Home Loan Bank of New York (“FHLBNY”), is required to hold shares of capital stock of the FHLBNY at cost based on a specified formula. The Bank carries this investment at cost, which approximates fair value.
Loans	Loans Loans receivable are carried at unpaid principal balances plus unamortized premiums, purchase accounting mark-to-market adjustments, certain deferred direct loan origination costs and deferred loan origination fees and discounts, less the allowance for credit losses. The Bank defers loan origination fees and certain direct loan origination costs and accretes or amortizes such amounts as an adjustment to the yield over the contractual lives of the related loans using the interest method. Premiums and discounts on loans purchased are amortized or accreted as an adjustment of yield over the contractual lives of the related loans, adjusted for prepayments when applicable, using methodologies which approximate the interest method. Loans are generally placed on non-accrual status when they are past due 90 days or more as to contractual obligations or when other circumstances indicate that collection is questionable. When a loan is placed on non-accrual status, any interest accrued but not received is reversed against interest income. Payments received on a non-accrual loan are either applied to the outstanding principal balance or recorded as interest income, depending on an assessment of the ability to collect the loan. A non-accrual loan is restored to accrual status when principal and interest payments become less than 90 days past due and its future collectability is reasonably assured. An impaired loan is defined as a loan for which it is probable, based on current information, that the Bank will not collect all amounts due under the contractual terms of the loan agreement. Impaired loans are individually assessed to determine that each loan’s carrying value is not in excess of the fair value of the related collateral or the present value of the expected future cash flows. Residential mortgage and consumer loans are deemed smaller balance homogeneous loans which are evaluated collectively for impairment and are therefore excluded from the population of impaired loans.
Allowance for Loan Losses	Allowance for Credit Losses on Loans The allowance for credit losses is a valuation account that reflects management’s evaluation of the current expected credit losses in the loan portfolio. The Company maintains the allowance for credit losses through provisions for credit losses that are charged to income. Charge-offs against the allowance for credit losses are taken on loans where management determines that the collection of loan principal and interest is unlikely. Recoveries made on loans that have been charged-off are credited to the allowance for credit losses. On January 1, 2020, the Company adopted ASU 2016-13, "Measurement of Credit Losses on Financial Instruments,” which replaces the incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss (“CECL”) methodology. It also applies to off-balance sheet credit exposures, including loan commitments and lines of credit. The adoption of the new standard resulted in the Company recording a $7.9 million increase to the allowance for credit losses and a $3.2 million liability for off-balance sheet credit exposures. The adoption of the standard did not result in a change to the Company's results of operations upon adoption as it was recorded as an $8.3 million cumulative effect adjustment, net of income taxes, to retained earnings. The calculation of the allowance for credit losses is a critical accounting policy of the Company. Management estimates the allowance balance using relevant available information, from internal and external sources, related to past events, current conditions, and a reasonable and supportable forecast. Historical credit loss experience for both the Company and peers provides the basis for the estimation of expected credit losses, where observed credit losses are converted to probability of default rate (“PDR”) curves through the use of segment-specific loss given default (“LGD”) risk factors that convert default rates to loss severity based on industry-level, observed relationships between the two variables for each segment, primarily due to the nature of the underlying collateral. These risk factors were assessed for reasonableness against the Company’s own loss experience and adjusted in certain cases when the relationship between the Company’s historical default and loss severity deviate from that of the wider industry. The historical PDR curves, together with corresponding economic conditions, establish a quantitative relationship between economic conditions and loan performance through an economic cycle. Using the historical relationship between economic conditions and loan performance, management’s expectation of future loan performance is incorporated using an externally developed economic forecast. This forecast is applied over a period that management has determined to be reasonable and supportable. Beyond the period over which management can develop or source a reasonable and supportable forecast, the model will revert to long-term average economic conditions using a straight-line, time-based methodology. The Company's current forecast period is six quarters, with a four quarter reversion period to historical average macroeconomic factors. The Company's economic forecast is approved by the Company's Asset-Liability Committee. The allowance for credit losses is measured on a collective (pool) basis, with both a quantitative and qualitative analysis that is applied on a quarterly basis, when similar risk characteristics exist. The respective quantitative allowance for each segment is measured using an econometric, discounted PDR/LGD modeling methodology in which distinct, segment-specific multi-variate regression models are applied to an external economic forecast. Under the discounted cash flows methodology, expected credit losses are estimated over the effective life of the loans by measuring the difference between the net present value of modeled cash flows and amortized cost basis. Contractual cash flows over the contractual life of the loans are the basis for modeled cash flows, adjusted for modeled defaults and expected prepayments and discounted at the loan-level effective interest rate. The contractual term excludes expected extensions, renewals, and modifications unless either of the following applies: management has a reasonable expectation at the reporting date that a troubled debt restructuring (“TDR”) will be executed with an individual borrower or the extension or renewal options are included in the original or modified contract at the reporting date and are not unconditionally cancellable by the Company. The Company considers qualitative adjustments to credit loss estimates for information not already captured in the quantitative component of the loss estimation process. Qualitative factors are based on portfolio concentration levels, model imprecision, changes in industry conditions, changes in the Company’s loan review process, changes in the Company’s loan policies and procedures, and economic forecast uncertainty. Portfolio segment is defined as the level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses. Management developed segments for estimating loss based on type of borrower and collateral which is generally based upon federal call report segmentation. The segments have been combined or sub-segmented as needed to ensure loans of similar risk profiles are appropriately pooled. As of December 31, 2021, the portfolio and class segments for the Company’s loan portfolio were: • Mortgage Loans – Residential, Commercial Real Estate, Multi-Family and Construction • Commercial Loans – Commercial Owner Occupied and Commercial Non-Owner Occupied • Consumer Loans – First Lien Home Equity and Other Consumer The allowance for credit losses on loans individually evaluated for impairment is based upon loans that have been identified through the Company’s normal loan monitoring process. This process includes the review of delinquent and problem loans at the Company’s Delinquency, Credit, Credit Risk Management and Allowance Committees; or which may be identified through the Company’s loan review process. Generally, the Company only evaluates loans individually for impairment if the loan is non-accrual, non-homogeneous and the balance is at least $1.0 million, or if the loan was modified as a TDR. For all classes of loans deemed collateral-dependent, the Company estimates expected credit losses based on the fair value of the collateral less any selling costs. If the loan is not collateral dependent, the allowance for credit losses related to individually assessed loans is based on discounted expected cash flows using the loan’s initial effective interest rate. A loan for which the terms have been modified resulting in a concession by the Company, and for which the borrower is experiencing financial difficulties is considered to be a TDR. The allowance for credit losses on a TDR is measured using the same method as all other impaired loans, except that the original interest rate is used to discount the expected cash flows, not the rate specified within the restructuring. Loans acquired that have experienced more-than-insignificant deterioration in credit quality since origination are considered PCD loans. The Company evaluates acquired loans for deterioration in credit quality based on any of, but not limited to, the following: (1) non-accrual status; (2) troubled debt restructured designation; (3) risk ratings of special mention, substandard or doubtful; (4) watchlist credits; and (5) delinquency status, including loans that are current on acquisition date, but had been previously delinquent. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This allowance for credit loss is calculated using management's best estimate of projected losses over the remaining life of the loans in accordance with ASC 326-20. This represents the portion of the loan balances that has been deemed uncollectible based on the Company’s expectations of future cash flows for each respective PCD loan pool. Subsequent to the acquisition date, the initial allowance for credit losses on PCD loans will increase or decrease based on future evaluations, with changes recognized in the provision for credit losses. Management believes the primary risks inherent in the portfolio are a general decline in the economy, a decline in real estate market values, rising unemployment, accelerated inflation, increasing vacancy rates in commercial investment properties and possible increases in interest rates in the absence of economic improvement. As the impact of COVID-19 and related variants continues, the effectiveness of medical advances, government programs, and the resulting impact on consumer behavior and employment conditions will have a material bearing on future credit conditions. Any one or a combination of these events may adversely affect borrowers’ ability to repay the loans, resulting in increased delinquencies, credit losses and higher levels of provisions. Management considers it important to maintain the ratio of the allowance for credit losses to total loans at an acceptable level given current and forecasted economic conditions, interest rates and the composition of the portfolio. Although management believes that the Company has established and maintained the allowance for credit losses at appropriate levels, additions may be necessary if future economic and other conditions differ substantially from the current operating environment and economic forecast. Management evaluates its estimates and assumptions on an ongoing basis giving consideration to forecasted economic factors, historical loss experience and other factors. Such estimates and assumptions are adjusted when facts and circumstances dictate. In addition to the ongoing impact of COVID-19, illiquid credit markets, volatile securities markets, and declines in the housing and commercial real estate markets and the economy in general may increase the uncertainty inherent in such estimates and assumptions. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods. In addition, various regulatory agencies periodically review the adequacy of the Company’s allowance for credit losses as an integral part of their examination process. Such agencies may require the Company to recognize additions to the allowance or additional write-downs based on their judgments about information available to them at the time of their examination. Although management uses the best information available, the level of the allowance for credit losses remains an estimate that is subject to significant judgment and short-term change. The CECL approach to calculate the allowance for credit losses on loans is significantly influenced by the composition, characteristics and quality of the Company’s loan portfolio, as well as the prevailing economic conditions and forecast utilized. Material changes to these and other relevant factors creates greater volatility to the allowance for credit losses, and therefore, greater volatility to the Company’s reported earnings. For the year ended December 31, 2021, the changing economic forecasts attributable to COVID-19 and the projected economic recovery led the Company to record a negative provision for credit losses, compared to the same periods last year. See Note 7 to the Consolidated Financial Statements for more information on the allowance for credit losses on loans. Allowance for Loan Losses - Incurred Loss Method Prior to the adoption of CECL on January 1, 2020, the Company calculated the allowance for loan losses using the incurred loss method. Using this method, the allowance represented management's best estimate of probable incurred losses inherent in the current loan portfolio. While management used information to recognize losses on loans, additions and reductions of the allowance for loan losses may fluctuate from one reporting period to another based on changes in economic conditions or changes in the values of properties securing loans in the process of foreclosure. The evaluation of the various components of the allowance for loan losses required considerable judgement in order to estimate inherent loss exposures. Each quarter, the lending group prepared individual Credit Risk Management Reports for the Credit Administration Department. These reports review all commercial loans and commercial mortgage loans that have been determined to involve above-average risk (risk rating of 5 or worse). The Credit Risk Management Reports contain the reason for the risk rating assigned to each loan, status of the loan and any current developments. These reports are submitted to a committee chaired by the Chief Credit Officer. Each loan officer reviews the loan and the corresponding Credit Risk Management Report with the committee and the risk rating is evaluated for appropriateness. Management estimated the amount of loan losses for groups of loans by applying quantitative loss factors to loan segments at the risk rating level, and applying qualitative adjustments to each loan segment at the portfolio level. Quantitative loss factors give consideration to historical loss experience by loan type based upon an appropriate look-back period and adjusted for a loss emergence period; these factors are evaluated at least annually. Qualitative adjustments give consideration to other qualitative or environmental factors such as: a. levels of and trends in delinquencies and impaired loans; b. levels of and trends in charge-offs and recoveries; c. trends in volume and terms of loans; d. effects of any changes in lending policies, procedures and practices; e. changes in the quality or results of the Bank’s loan review system; f. experience, ability, and depth of lending management and other relevant staff; g. national and local economic trends and conditions; h. industry conditions; i. effects of changes in credit concentration; and j. changes in collateral values. The Company considers qualitative adjustments to credit loss estimates for information not already captured in the quantitative component of the loss estimation process. Qualitative adjustments are recalibrated at least annually and evaluated at least quarterly. The reserves resulting from the application of both of these sets of loss factors are combined to arrive at the general allowance for loan losses. The reserve factors applied to each loan risk rating are inherently subjective in nature. Reserve factors are assigned to each of the risk rating categories. This methodology permits adjustments to the allowance for loan losses in the event that, in management’s judgment, significant conditions impacting the credit quality and collectability of the loan portfolio as of the evaluation date are not otherwise adequately reflected in the analysis.
Foreclosed Assets	Foreclosed Assets Assets acquired through foreclosure or deed in lieu of foreclosure are carried at the lower of the outstanding loan balance at the time of foreclosure or fair value, less estimated costs to sell. Fair value is generally based on recent appraisals. When an asset is acquired, the excess of the loan balance over fair value, less estimated costs to sell, is charged to the allowance for credit losses. A reserve for foreclosed assets may be established to provide for possible write-downs and selling costs that occur subsequent to foreclosure. Foreclosed assets are carried net of the related reserve. Operating results from real estate owned, including rental income, operating expenses, and gains and losses realized from the sales of real estate owned, are recorded as incurred.
Banking Premises and Equipment	Banking Premises and Equipment Land is carried at cost. Banking premises, furniture, fixtures and equipment are carried at cost, less accumulated depreciation, computed using the straight-line method based on their estimated useful lives. Leasehold improvements, carried at cost, net of accumulated depreciation, are amortized over the terms of the leases or the estimated useful lives of the assets, whichever are shorter, using the straight-line method. Maintenance and repairs are charged to expense as incurred.
Income Taxes	Income Taxes The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in tax expense in the period that includes the enactment date. Deferred tax assets and liabilities are reported as a component of Other Assets on the Consolidated Statements of Financial Condition. The determination of whether deferred tax assets will be realizable is predicated on estimates of future taxable income. Such estimates are subject to management’s judgment. A valuation reserve is established when management is unable to conclude that it is more likely than not that it will realize deferred tax assets based on the nature and timing of these items. The Company recognizes, when applicable, interest and penalties related to unrecognized tax benefits in the provision for income taxes.
Trust Assets	Trust Assets Trust assets consisting of securities and other property (other than cash on deposit held by the Bank in fiduciary or agency capacities for customers of the Bank’s wholly owned subsidiary, Beacon) are not included in the accompanying consolidated statements of financial condition because such properties are not assets of the Bank.
Intangible Assets	Intangible Assets Intangible assets of the Bank consist of goodwill, core deposit premiums, customer relationship premium and mortgage servicing rights. Goodwill represents the excess of the purchase price over the estimated fair value of identifiable net assets acquired through purchase acquisitions. In accordance with GAAP, goodwill with an indefinite useful life is not amortized, but is evaluated for impairment on an annual basis, or more frequently if events or changes in circumstances indicate potential impairment between annual measurement dates. Goodwill is analyzed for impairment once a year. As permitted by GAAP, the Company prepares a qualitative assessment in determining whether goodwill may be impaired. The factors considered in the assessment include macroeconomic conditions, industry and market conditions and overall financial performance of the Company, among others. The Company completed its annual qualitative assessment of goodwill as of July 1, 2021. Based upon its assessment of goodwill, the Company concluded that no further quantitative analysis was warranted. Core deposit premiums represent the intangible value of depositor relationships assumed in previous purchase acquisitions and are amortized on an accelerated basis over 8.8 years, while the core deposit premium related to SB One is amortized over its estimated useful life of 10.0 years. Customer relationship premiums represent the intangible value of customer relationships assumed in the purchase acquisitions of Beacon Trust Company ("Beacon"), The MDE Group, Inc. ("MDE"), Tirschwell & Loewy, Inc. ("T&L"), and SB One Bank and are amortized on an accelerated basis over 12.0 years, 10.4 years, 10.0 years, and 13.0 years respectively. Mortgage servicing rights are recorded when purchased or when originated mortgage loans are sold, with servicing rights retained. Mortgage servicing rights are amortized on an accelerated method based upon the estimated lives of the related loans, adjusted for prepayments. Mortgage servicing rights are carried at the lower of amortized cost or fair value.
Bank-owned Life Insurance	Bank-owned Life Insurance Bank-owned life insurance is accounted for using the cash surrender value method and is recorded at its realizable value.
Employee Benefit Plans	Employee Benefit Plans The Bank maintains a pension plan which covers full-time employees hired prior to April 1, 2003, the date on which the pension plan was frozen. The Bank’s policy is to fund at least the minimum contribution required by the Employee Retirement Income Security Act of 1974. GAAP requires an employer to: (a) recognize in its statement of financial condition the over-funded or under-funded status of a defined benefit postretirement plan measured as the difference between the fair value of plan assets and the benefit obligation; (b) measure a plan’s assets and its obligations that determine its funded status at the end of the employer’s fiscal year (with limited exceptions); and (c) recognize as a component of other comprehensive income, net of tax, the actuarial gains and losses and the prior service costs and credits that arise during the period. The Bank has a 401(k) plan covering substantially all employees of the Bank. The Bank may match a percentage of the first 6% contributed by participants. The Bank’s matching contribution, if any, is determined by the Board of Directors in its sole discretion. The Bank has an Employee Stock Ownership Plan (“ESOP”). The funds borrowed by the ESOP from the Company to purchase the Company’s common stock are being repaid from the Bank’s contributions and dividends paid on unallocated ESOP shares over a period of up to 30 years. The Company’s common stock not allocated to participants is recorded as a reduction of stockholders’ equity at cost. Compensation expense for the ESOP is based on the average price of the Company’s stock during each quarter and the amount of shares allocated during the quarter. The Bank has an Equity Plan designed to provide competitive compensation for demonstrated performance and to align the interests of participants directly to increases in shareholder value. The Equity Plan provides for performance-vesting grants as well as time-vesting grants. Time-vesting stock awards, stock options and performance vesting stock awards that are based on a performance condition, such as return on average assets, are valued on the closing stock price on the date of grant. Performance-vesting stock awards and options that are based on a market condition, such as total shareholder return, would be valued using a generally accepted statistical technique to simulate future stock prices for Provident and the components of the peer group which Provident would be measured against. Expense related to time-vesting stock awards and stock options is based on the fair value of the common stock on the date of the grant and on the fair value of the stock options on the date of the grant, respectively, and is recognized ratably over the vesting period of the awards. Performance vesting stock awards and stock options are either dependent upon a market condition or a performance condition. A market condition performance metric is tied to a stock price, either on an absolute basis, or a relative basis against peers, while a performance-condition is based on internal operations, such as earnings per share. The expense related to a market condition performance-vesting stock award or stock option requires an initial Monte Carlo simulation to determine grant date fair value, which will be recognized as a compensation expense regardless of actual payout, assuming that the executive is still employed at the end of the requisite service period. If pre-vesting termination (forfeiture) occurs, then any expense recognized to date can be reversed. The grant date fair value is recognized ratably over the performance period. The expense related to a performance condition stock award or stock option is based on the fair value of the award on the date of grant, adjusted periodically based upon the number of awards or options expected to be earned, recognized over the performance period. In connection with the First Sentinel acquisition in July 2004, the Company assumed the First Savings Bank Directors’ Deferred Fee Plan (the “DDFP”). The DDFP was frozen prior to the acquisition. The Company recorded a deferred compensation equity instrument and corresponding contra-equity account for the value of the shares held by the DDFP at the July 14, 2004 acquisition date. These accounts will be liquidated as shares are distributed from the DDFP in accordance with the plan document. At December 31, 2021, there were 142,513 shares held by the DDFP. The Bank maintains a non-qualified plan that provides supplemental benefits to certain executives who are prevented from receiving the full benefits contemplated by the 401(k) Plan’s and the ESOP’s benefit formulas under tax law limits for tax-qualified plans.
Post-retirement Benefits Other Than Pensions	Post-retirement Benefits Other Than Pensions The Bank provides post-retirement health care and life insurance plans to certain of its employees. The life insurance coverage is noncontributory to the participant. Participants contribute to the cost of medical coverage based on the employee’s length of service with the Bank. The costs of such benefits are accrued based on actuarial assumptions from the date of hire to the date the employee is fully eligible to receive the benefits. On December 31, 2002, the Bank eliminated postretirement healthcare benefits for employees with less than 10 years of service. GAAP requires an employer to: (a) recognize in its statement of financial condition the over-funded or under-funded status of a defined benefit post-retirement plan measured as the difference between the fair value of plan assets and the benefit obligation; (b) measure a plan’s assets and its obligations that determine its funded status as of the end of the employer’s fiscal year (with limited exceptions); and (c) recognize as a component of other comprehensive income, net of tax, the actuarial gains and losses and the prior service costs and credits that arise during the period.
Derivatives	Derivatives The Company records all derivatives on the statements of financial condition at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. The Company has interest rate derivatives resulting from a service provided to certain qualified borrowers in a loan related transaction which, therefore, are not used to manage interest rate risk in the Company’s assets or liabilities. As such, all changes in fair value of the Company’s derivatives are recognized directly in earnings. The Company also uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges, and which satisfy hedge accounting requirements, involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without the exchange of the underlying notional amount. These derivatives were used to hedge the variable cash outflows associated with FHLBNY borrowings and brokered demand deposits. The change in the fair value of these derivatives is recorded in accumulated other comprehensive income, and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings.
Comprehensive Income	Comprehensive Income Comprehensive income is divided into net income and other comprehensive income (loss). Other comprehensive income (loss) includes items previously recorded directly to equity, such as unrealized gains and losses on available for sale debt securities, unrealized gains and losses on derivatives and amortization related to post-retirement obligations. Comprehensive income is presented in a separate Consolidated Statement of Comprehensive Income.
Segment Reporting	Segment ReportingThe Company’s operations are solely in the financial services industry and include providing traditional banking and other financial services to its customers. The Company operates primarily in the geographical regions of northern and central New Jersey, Queens County, New York and eastern Pennsylvania. The Company has a single reporting segment for financial reporting purposes.
Earnings Per Share	Earnings Per Share Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock (such as stock options) were exercised or resulted in the issuance of common stock. These potentially dilutive shares would then be included in the weighted average number of shares outstanding for the period using the treasury stock method. Shares issued and shares reacquired during the period are weighted for the portion of the period that they were outstanding.
Impact of Recent Accounting Pronouncements	Impact of Recent Accounting Pronouncements Accounting Pronouncements Not Yet Adopted

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Schedule of Estimated Fair Vales of Assets and Liabilities Assumed	The following table summarizes the estimated fair values of the assets acquired and the liabilities assumed at the date of acquisition from SB One (in thousands): At July 31, 2020 Assets acquired: Cash and cash equivalents, net $ 78,089 Available for sale debt securities 231,645 Held to maturity debt securities 12,381 Federal Home Loan Bank stock 11,216 Loans 1,766,115 Allowance for credit losses on PCD loans (13,586) Loans, net 1,752,529 Bank-owned life insurance 37,237 Banking premises and equipment 16,620 Accrued interest receivable 8,947 Goodwill 22,439 Other intangibles assets 9,965 Foreclosed assets, net 2,441 Other assets 12,199 Total assets acquired $ 2,195,708 Liabilities assumed: Deposits 1,757,777 Mortgage escrow deposits — Borrowed funds 201,582 Subordinated debentures 25,074 Other liabilities 30,447 Total liabilities assumed $ 2,014,880 Net assets acquired $ 180,828
Schedule of Fair Value of Loans Acquired in Acquisition	The table below illustrates the fair value adjustments made to the amortized cost basis in order to present a fair value of the loans acquired (in thousands): Gross amortized cost basis at July 31, 2020 $ 1,787,057 Interest rate fair value adjustment on all loans 455 Credit fair value adjustment on non-PCD loans (21,397) Fair value of acquired loans at July 31, 2020 1,766,115 Allowance for credit losses on PCD loans (13,586) Fair value of acquired loans, net at July 31, 2020 $ 1,752,529 The table below is a summary of the PCD loans accounted for in accordance with ASC 310-26 that were acquired in the SB One acquisition as of the closing date (in thousands): Gross amortized cost basis at July 31, 2020 $ 315,784 Interest component of expected cash flows (accretable difference) (7,988) Allowance for credit losses on PCD loans (13,586) Net PCD loans $ 294,210 Gross amortized cost basis at July 31, 2020 $ 315,784 Interest component of expected cash flows (accretable difference) (7,988) Fair value of PCD loans 307,796 Allowance for credit losses on PCD loans (13,586) Net PCD loans $ 294,210

Held to Maturity Debt Securit_2

Held to Maturity Debt Securities (Tables)	12 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Investment Securities Held to Maturity	Held to maturity debt securities at December 31, 2021 and 2020 are summarized as follows (in thousands): 2021 Amortized cost Gross unrealized gains Gross unrealized losses Fair value Agency obligations $ 9,996 — (175) 9,821 Mortgage-backed securities 21 — — 21 State and municipal obligations 415,724 14,463 (635) 429,552 Corporate obligations 10,448 19 (152) 10,315 $ 436,189 14,482 (962) 449,709 At December 31, 2021, the allowance for credit losses on held to maturity debt securities totaled $39,000 and is excluded from amortized cost in the table above. 2020 Amortized cost Gross unrealized gains Gross unrealized losses Fair value Agency obligations $ 7,600 6 (5) 7,601 Mortgage-backed securities 62 2 — 64 State and municipal obligations 433,655 21,442 (58) 455,039 Corporate obligations 9,726 101 (2) 9,825 $ 451,043 21,551 (65) 472,529
Investments Classified by Contractual Maturity Date	The amortized cost and fair value of held to maturity debt securities at December 31, 2021 by contractual maturity are shown below (in thousands). Expected maturities may differ from contractual maturities due to prepayment or early call privileges of the issuer. 2021 Amortized cost Fair value Due in one year or less $ 15,601 15,698 Due after one year through five years 152,162 155,087 Due after five years through ten years 200,482 209,666 Due after ten years 67,923 69,237 $ 436,168 449,688 The amortized cost and fair value of available for sale debt securities at December 31, 2021, by contractual maturity, are shown below (in thousands). Expected maturities may differ from contractual maturities due to prepayment or early call privileges of the issuer. 2021 Amortized cost Fair value Due in one year or less $ 2,997 3,022 Due after one year through five years 102,612 102,039 Due after five years through ten years 130,827 130,932 Due after ten years 65,272 66,230 $ 301,708 302,223
Schedule of Impact of ASC 326	The following table illustrates the impact of the January 1, 2020 adoption of CECL on held to maturity debt securities (in thousands): January 1, 2020 As reported under CECL Prior to CECL Impact of CECL adoption Held to Maturity Debt Securities Allowance for credit losses on corporate securities $ 6 — 6 Allowance for credit losses on municipal securities 64 — 64 Allowance for credit losses on held to maturity debt securities $ 70 — 70 The following table illustrates the impact of the January 1, 2020 adoption of CECL on the allowance for credit losses related to the loan portfolio (in thousands): January 1, 2020 As reported under CECL Prior to CECL Impact of CECL adoption Loans Residential $ 8,950 3,414 5,536 Commercial 17,118 12,831 4,287 Multi-family 9,519 3,374 6,145 Construction 4,152 5,892 (1,740) Total mortgage loans 39,739 25,511 14,228 Commercial loans 18,254 28,263 (10,009) Consumer loans 5,452 1,751 3,701 Allowance for credit losses on loans $ 63,445 55,525 7,920 The following table illustrates the impact of the January 1, 2020 adoption of CECL on OBS credit exposures (dollars in thousands): January 1, 2020 As reported under CECL Prior to CECL Impact of CECL adoption Liabilities Allowance for credit losses on off-balance sheet credit exposure $ 3,206 — 3,206
Schedule of Unrealized Loss on Investments	The following tables represent the Company's disclosure on held to maturity debt securities in an unrealized loss position (in thousands): December 31, 2021 Unrealized Losses Less than 12 months 12 months or longer Total Fair Gross unrealized losses Fair Gross unrealized losses Fair Gross unrealized losses Agency obligations $ 9,821 (175) — — 9,821 (175) State and municipal obligations 27,350 (471) 5,022 (164) 32,372 (635) Corporate obligations 7,649 (152) — — 7,649 (152) $ 44,820 (798) 5,022 (164) 49,842 (962) December 31, 2020 Unrealized Losses Less than 12 months 12 months or longer Total Fair Gross unrealized losses Fair Gross unrealized losses Fair Gross unrealized losses Agency obligations $ 1,995 (5) — — 1,995 (5) State and municipal obligations 4,846 (41) 406 (17) 5,252 (58) Corporate obligations 786 (2) — — 786 (2) $ 7,627 (48) 406 (17) 8,033 (65)
Amortized Cost of held To Maturity Debt Securities by Year of Originations and Credit Rating	The following table provides the amortized cost of held to maturity debt securities by credit rating as of December 31, 2021 (in thousands): December 31, 2021 Total Portfolio AAA AA A BBB Not Rated Total Agency obligations $ 9,996 — — — — 9,996 Mortgage-backed securities 21 — — — — 21 State and municipal obligations 54,583 314,396 44,392 945 1,408 415,724 Corporate obligations 510 2,634 7,279 — 25 10,448 $ 65,110 317,030 51,671 945 1,433 436,189 December 31, 2020 Total Portfolio AAA AA A BBB Not Rated Total Agency obligations $ 7,600 — — — — 7,600 Mortgage-backed securities 62 — — — — 62 State and municipal obligations 57,830 311,155 53,302 1,115 10,253 433,655 Corporate obligations — 3,255 6,446 — 25 9,726 $ 65,492 314,410 59,748 1,115 10,278 451,043

Available for Sale Debt Secur_2

Available for Sale Debt Securities (Tables)	12 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Securities Available for Sale	Available for sale debt securities at December 31, 2021 and 2020 are summarized as follows (in thousands): 2021 Amortized cost Gross unrealized gains Gross unrealized losses Fair U.S. Treasury obligations $ 196,897 298 (866) 196,329 Mortgage-backed securities 1,711,312 14,082 (16,563) 1,708,831 Asset-backed securities 45,115 1,687 (5) 46,797 State and municipal obligations 68,702 1,127 (122) 69,707 Corporate obligations 36,109 425 (347) 36,187 $ 2,058,135 17,619 (17,903) 2,057,851 2020 Amortized cost Gross unrealized gains Gross unrealized losses Fair Agency obligations $ 1,001 8 — 1,009 Mortgage-backed securities 910,393 28,872 (852) 938,413 Asset-backed securities 52,295 1,535 — 53,830 State and municipal obligations 69,687 1,666 (95) 71,258 Corporate obligations 40,194 809 (24) 40,979 $ 1,073,570 32,890 (971) 1,105,489
Investments Classified by Contractual Maturity Date	The amortized cost and fair value of held to maturity debt securities at December 31, 2021 by contractual maturity are shown below (in thousands). Expected maturities may differ from contractual maturities due to prepayment or early call privileges of the issuer. 2021 Amortized cost Fair value Due in one year or less $ 15,601 15,698 Due after one year through five years 152,162 155,087 Due after five years through ten years 200,482 209,666 Due after ten years 67,923 69,237 $ 436,168 449,688 The amortized cost and fair value of available for sale debt securities at December 31, 2021, by contractual maturity, are shown below (in thousands). Expected maturities may differ from contractual maturities due to prepayment or early call privileges of the issuer. 2021 Amortized cost Fair value Due in one year or less $ 2,997 3,022 Due after one year through five years 102,612 102,039 Due after five years through ten years 130,827 130,932 Due after ten years 65,272 66,230 $ 301,708 302,223
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value	The following tables represent the Company's disclosure on available for sale debt securities in an unrealized loss position (in thousands): December 31, 2021 Unrealized Losses Less than 12 months 12 months or longer Total Fair value Gross unrealized losses Fair value Gross unrealized losses Fair value Gross unrealized losses U.S. Treasury obligations $ 98,621 (866) — — 98621 (866) Mortgage-backed securities $ 1,147,403 (15,176) 33,850 (1,387) 1,181,253 (16,563) Asset-backed securities 1,930 (5) — — 1,930 (5) State and municipal obligations 10,732 (122) — — 10,732 (122) Corporate obligations 18,474 (347) — — 18,474 (347) $ 1,277,160 (16,516) 33,850 (1,387) 1,311,010 (17,903) December 31, 2020 Unrealized Losses Less than 12 months 12 months or longer Total Fair value Gross unrealized losses Fair value Gross unrealized losses Fair value Gross unrealized losses Mortgage-backed securities $ 127,600 (824) 8,007 (28) 135,607 (852) State and municipal obligations 5,275 (95) — — 5,275 (95) Corporate obligations — — 2,000 (24) 2,000 (24) $ 132,875 (919) 10,007 (52) 142,882 (971)

Loans Receivable and Allowanc_2

Loans Receivable and Allowance for Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Schedule of Summarized Loans Receivable	Loans receivable at December 31, 2021 and 2020 are summarized as follows (in thousands): 2021 2020 Mortgage loans: Residential $ 1,202,638 1,294,702 Commercial 3,827,370 3,458,666 Multi-family 1,364,397 1,484,515 Construction 683,166 541,939 Total mortgage loans 7,077,571 6,779,822 Commercial loans 2,188,866 2,567,470 Consumer loans 327,442 492,566 Total gross loans 9,593,879 9,839,858 Premiums on purchased loans 1,451 1,566 Unearned discounts (6) (12) Net deferred fees (13,700) (18,522) Total loans $ 9,581,624 9,822,890
Summary of Aging Loans Receivable by Portfolio Segment and Class	The following tables summarize the aging of loans receivable by portfolio segment and class of loans (in thousands): At December 31, 2021 30-59 60-89 Non-accrual 90 days or more past due and accruing Total Current Total Loans Receivable Non-accrual loans with no related allowance Mortgage loans: Residential $ 7,229 1,131 6,072 — 14,432 1,188,206 1,202,638 6,072 Commercial 720 3,960 16,887 — 21,567 3,805,803 3,827,370 16,887 Multi-family — — 439 — 439 1,363,958 1,364,397 439 Construction — — 2,365 — 2,365 680,801 683,166 2,365 Total mortgage loans 7,949 5,091 25,763 — 38,803 7,038,768 7,077,571 25,763 Commercial loans 7,229 1,289 20,582 — 29,100 2,159,766 2,188,866 14,453 Consumer loans 649 228 1,682 — 2,559 324,883 327,442 1,682 Total gross loans $ 15,827 6,608 48,027 — 70,462 9,523,417 9,593,879 41,898 At December 31, 2020 30-59 60-89 Non-accrual 90 days or more past due and Total Current Total Loans Receivable Non-accrual loans with no related allowance Mortgage loans: Residential $ 15,789 8,852 9,315 — 33,956 1,260,746 1,294,702 9,315 Commercial 761 113 31,982 — 32,856 3,425,810 3,458,666 20,482 Multi-family 206 585 — — 791 1,483,724 1,484,515 — Construction — — 1,392 — 1,392 540,547 541,939 1,392 Total mortgage loans 16,756 9,550 42,689 — 68,995 6,710,827 6,779,822 31,189 Commercial loans 1,658 1179 42,118 — 44,955 2,522,515 2,567,470 15,541 Consumer loans 4,348 4,519 2,283 — 11,150 481,416 492,566 2,283 Total gross loans $ 22,762 15,248 87,090 — 125,100 9,714,758 9,839,858 49,013
Summary of Allowance for Loan Losses by Portfolio Segment and Impairment Classification	The activity in the allowance for credit losses for the years ended December 31, 2021, 2020 and 2019 is as follows (in thousands): Years Ended December 31, 2021 2020 2019 Balance at beginning of period $ 101,466 55,525 55,562 Provision charged to operations (24,300) 29,712 13,100 Increase due to the initial adoption of CECL — 7,920 — Initial allowance related to PCD loans — 13,586 — Recoveries of loans previously charged off 9,030 2,636 1,895 Loans charged off (5,456) (7,913) (15,032) Balance at end of period $ 80,740 101,466 55,525 The activity in the allowance for credit losses by portfolio segment for the years ended December 31, 2021 and 2020 are as follows (in thousands): For the Year Ended December 31, 2021 Mortgage loans Commercial loans Consumer loans Total Portfolio Segments Balance at beginning of period $ 68,307 27,084 6,075 101,466 Provision charged to operations (13,720) (6,313) (4,267) (24,300) Recoveries of loans previously charged off 859 7,169 1,002 9,030 Loans charged off (3,342) (1,597) (517) (5,456) Balance at end of period $ 52,104 26,343 2,293 80,740 For the Year Ended December 31, 2020 Mortgage loans Commercial loans Consumer loans Total Portfolio Segments Balance at beginning of period $ 25,511 28,263 1,751 55,525 Provision charged to operations 18,945 10,199 568 29,712 Increase (decrease) due to the initial adoption of CECL - Retained earnings 14,188 (9,974) 3,706 7,920 Initial allowance on credit loans related to PCD loans 11,984 1,582 20 13,586 Recoveries of loans previously charged off 396 1,776 464 2,636 Loans charged off (2,717) (4,762) (434) (7,913) Balance at end of period $ 68,307 27,084 6,075 101,466 The allowance for credit losses is summarized by portfolio segment and impairment classification as follows (in thousands): At December 31, 2021 Mortgage loans Commercial loans Consumer loans Total Portfolio Segments Individually evaluated for impairment $ 875 3,358 51 4,284 Collectively evaluated for impairment 51,229 22,985 2,242 76,456 Total allowance for credit losses $ 52,104 26,343 2,293 80,740 At December 31, 2020 Mortgage loans Commercial loans Consumer loans Total Portfolio Segments Individually evaluated for impairment $ 4,220 4,715 39 8,974 Collectively evaluated for impairment 64,087 22,369 6,036 92,492 Total allowance for credit losses $ 68,307 27,084 6,075 101,466
Schedule of Impact of ASC 326	The following table illustrates the impact of the January 1, 2020 adoption of CECL on held to maturity debt securities (in thousands): January 1, 2020 As reported under CECL Prior to CECL Impact of CECL adoption Held to Maturity Debt Securities Allowance for credit losses on corporate securities $ 6 — 6 Allowance for credit losses on municipal securities 64 — 64 Allowance for credit losses on held to maturity debt securities $ 70 — 70 The following table illustrates the impact of the January 1, 2020 adoption of CECL on the allowance for credit losses related to the loan portfolio (in thousands): January 1, 2020 As reported under CECL Prior to CECL Impact of CECL adoption Loans Residential $ 8,950 3,414 5,536 Commercial 17,118 12,831 4,287 Multi-family 9,519 3,374 6,145 Construction 4,152 5,892 (1,740) Total mortgage loans 39,739 25,511 14,228 Commercial loans 18,254 28,263 (10,009) Consumer loans 5,452 1,751 3,701 Allowance for credit losses on loans $ 63,445 55,525 7,920 The following table illustrates the impact of the January 1, 2020 adoption of CECL on OBS credit exposures (dollars in thousands): January 1, 2020 As reported under CECL Prior to CECL Impact of CECL adoption Liabilities Allowance for credit losses on off-balance sheet credit exposure $ 3,206 — 3,206
Summary of Loans Receivable by Portfolio Segment and Impairment Method	The following tables summarize loans receivable by portfolio segment and impairment method (in thousands): At December 31, 2021 Mortgage loans Commercial loans Consumer loans Total Portfolio Segments Individually evaluated for impairment $ 34,610 16,420 1,224 52,254 Collectively evaluated for impairment 7,042,961 2,172,446 326,218 9,541,625 Total gross loans $ 7,077,571 2,188,866 327,442 9,593,879 At December 31, 2020 Mortgage loans Commercial loans Consumer loans Total Portfolio Segments Individually evaluated for impairment $ 48,783 35,832 1,431 86,046 Collectively evaluated for impairment 6,731,039 2,531,638 491,135 9,753,812 Total gross loans $ 6,779,822 2,567,470 492,566 9,839,858
Schedule of Troubled Debt Restructuring	The following tables present the number of loans modified as TDRs during the years ended December 31, 2021 and 2020 and their balances immediately prior to the modification date and post-modification as of December 31, 2021 and 2020. Year Ended December 31, 2021 Troubled Debt Restructurings Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment ($ in thousands) Mortgage loans: Residential 7 $ 1,274 1,142 Commercial 3 3,086 2,902 Total mortgage loans 10 4,360 4,044 Commercial loans 4 2,940 2,287 Total restructured loans 14 $ 7,300 6,331 Year Ended December 31, 2020 Troubled Debt Restructurings Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment ($ in thousands) Mortgage loans: Residential 2 $ 434 360 Total mortgage loans 2 434 360 Commercial loans 4 2,715 2,646 Total restructured loans 6 $ 3,149 3,006
Schedule of Fair Value of Loans Acquired in Acquisition	The table below illustrates the fair value adjustments made to the amortized cost basis in order to present a fair value of the loans acquired (in thousands): Gross amortized cost basis at July 31, 2020 $ 1,787,057 Interest rate fair value adjustment on all loans 455 Credit fair value adjustment on non-PCD loans (21,397) Fair value of acquired loans at July 31, 2020 1,766,115 Allowance for credit losses on PCD loans (13,586) Fair value of acquired loans, net at July 31, 2020 $ 1,752,529 The table below is a summary of the PCD loans accounted for in accordance with ASC 310-26 that were acquired in the SB One acquisition as of the closing date (in thousands): Gross amortized cost basis at July 31, 2020 $ 315,784 Interest component of expected cash flows (accretable difference) (7,988) Allowance for credit losses on PCD loans (13,586) Net PCD loans $ 294,210 Gross amortized cost basis at July 31, 2020 $ 315,784 Interest component of expected cash flows (accretable difference) (7,988) Fair value of PCD loans 307,796 Allowance for credit losses on PCD loans (13,586) Net PCD loans $ 294,210
Summary of Impaired Loans Receivable by Class	The following table presents loans individually evaluated for impairment by class and loan category (in thousands): At December 31, 2021 At December 31, 2020 Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized Loans with no related allowance Mortgage loans: Residential $ 12,326 9,814 — 9,999 423 $ 13,981 11,380 — 11,587 511 Commercial 15,310 14,685 — 15,064 63 17,414 17,414 — 16,026 60 Multi-family — — — — — — — — — — Construction 1,656 1,588 — 1,643 30 — — — — — Total 29,292 26,087 — 26,706 516 31,395 28,794 — 27,613 571 Commercial loans 9,845 7,254 — 7,714 33 15,895 14,009 — 12,791 46 Consumer loans 1,389 853 — 1,613 115 1,382 880 — 7 50 Total loans $ 40,526 34,194 — 36,033 664 $ 48,672 43,683 — 40,411 667 Loans with an allowance recorded Mortgage loans: Residential $ 7,994 7,652 858 7,742 278 $ 7,950 7,506 806 7,604 307 Commercial 871 871 17 894 48 14,993 12,483 3414 123 570 Multi-family — — — — — — — — — — Construction — — — — — — — — — — Total 8,865 8,523 875 8,636 326 22,943 19,989 4,220 7,727 877 Commercial loans 9,498 9,166 3,358 8,304 257 24,947 21,823 4715 18,620 311 Consumer loans 391 371 51 379 18 565 551 39 5 20 Total loans $ 18,754 18,060 4,284 17,319 601 $ 48,455 42,363 8,974 26,352 1,208 Total Mortgage loans: Residential $ 20,320 17,466 858 17,741 701 $ 21,931 18,886 806 19,191 818 Commercial 16,181 15,556 17 15,958 111 32,407 29,897 3414 16,149 630 Multi-family — — — — — — — — — — Construction 1,656 1,588 — 1,643 30 — — — — — Total 38,157 34,610 875 35,342 842 54,338 48,783 4,220 35,340 1,448 Commercial loans 19,343 16,420 3,358 16,018 290 40,842 35,832 4715 31,411 357 Consumer loans 1,780 1,224 51 1,992 133 1,947 1,431 39 12 70 Total loans $ 59,280 52,254 4,284 53,352 1,265 $ 97,127 86,046 8,974 66,763 1,875
Summary of Loans Receivable by Credit Quality Risk Rating Indicator	The following table summarizes the Company's gross loans held for investment by year of origination and internally assigned credit grades (in thousands): Gross Loans Held by Investment by Year of Origination 2021 2020 2019 2018 2017 Prior to 2017 Revolving Loans Revolving loans to term loans Total Loans Residential Special mention $ — — — — 697 434 — — 1,131 Substandard — — — 280 166 8,569 — — 9,015 Doubtful — — — — — — — — — Loss — — — — — — — — — Gross Loans Held by Investment by Year of Origination 2021 2020 2019 2018 2017 Prior to 2017 Revolving Loans Revolving loans to term loans Total Loans Total criticized and classified — — — 280 863 9,003 — — 10,146 Pass/Watch 229,106 235,949 113,206 67,493 75,906 470,832 — — 1,192,492 Total residential $ 229,106 235,949 113,206 67,773 76,769 479,835 — — 1,202,638 Commercial Mortgage Special mention $ — 2,624 28,706 22,296 9,657 26,668 1,094 — 91,045 Substandard — — 18 34,260 7,352 34,356 799 — 76,785 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified — 2,624 28,724 56,556 17,009 61,024 1,893 — 167,830 Pass/Watch 655,105 600,030 589,578 298,665 430,947 952,746 101,618 30,851 3,659,540 Total commercial mortgage $ 655,105 602,654 618,302 355,221 447,956 1,013,770 103,511 30,851 3,827,370 Multi-family Special mention $ — — — — 3,053 271 — — 3,324 Substandard — 439 — — 945 — — 1,384 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified — 439 — — 3,053 1,216 — — 4,708 Pass/Watch 154,419 294,716 166,558 173,583 117,654 448,710 2,880 1,169 1,359,689 Total multi-family $ 154,419 295,155 166,558 173,583 120,707 449,926 2,880 1,169 1,364,397 Construction Special mention $ — 1,125 — — — — — — 1,125 Substandard — — — 2,365 — — — — 2,365 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified — 1,125 — 2,365 — — — — 3,490 Pass/Watch 173,843 176,182 219,331 94,363 9,604 103 6,250 679,676 Total construction $ 173,843 177,307 219,331 96,728 9,604 103 — 6,250 683,166 Total Mortgage Special mention $ — 3,749 28,706 22,296 13,407 27,373 1,094 — 96,625 Substandard — 439 18 36,905 7,518 43,870 799 — 89,549 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified — 4,188 28,724 59,201 20,925 71,243 1,893 — 186,174 Pass/Watch 1,212,473 1,306,877 1,088,673 634,104 634,111 1,872,391 104,498 38,270 6,891,397 Gross Loans Held by Investment by Year of Origination 2021 2020 2019 2018 2017 Prior to 2017 Revolving Loans Revolving loans to term loans Total Loans Total Mortgage $ 1,212,473 1,311,065 1,117,397 693,305 655,036 1,943,634 106,391 38,270 7,077,571 Commercial Special mention $ 1,232 2,662 2,816 3,263 24,418 40,561 8,389 2,155 85,496 Substandard — 736 5,517 5,860 5,747 64,807 13,622 1,821 98,110 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified 1,232 3,398 8,333 9,123 30,165 105,368 22,011 3,976 183,606 Pass/Watch 415,924 222,132 179,193 154,440 149,567 489,051 355,097 39,856 2,005,260 Total commercial $ 417,156 225,530 187,526 163,563 179,732 594,419 377,108 43,832 2,188,866 Consumer (1) Special mention $ — — — — — 109 25 94 228 Substandard — — — 116 2 1,514 6 — 1,638 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified — — — 116 2 1,623 31 94 1,866 Pass/Watch 25,140 4,503 24,272 21,046 15,804 99,106 119,347 16,358 325,576 Total consumer $ 25,140 4,503 24,272 21,162 15,806 100,729 119,378 16,452 327,442 Total Loans Special mention $ 1,232 6,411 31,522 25,559 37,825 68,044 9,508 2,249 182,350 Substandard — 1,175 5,535 42,881 13,267 110,191 14,427 1,821 189,297 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified 1,232 7,586 37,057 68,440 51,092 178,235 23,935 4,070 371,647 Pass/Watch 1,653,537 1,533,512 1,292,138 809,590 799,482 2,460,547 578,942 94,484 9,222,232 Total gross loans $ 1,654,769 1,541,098 1,329,195 878,030 850,574 2,638,782 602,877 98,554 9,593,879 (1) For consumer loans, the Company assigns internal credit grades based on the delinquency status of each loan. Gross Loans Held by Investment by Year of Origination 2020 2019 2018 2017 2016 Prior to 2016 Revolving Loans Revolving loans to term loans Total Loans Residential Special mention $ — — — — 123 2,759 — — 2,882 Substandard 164 3,375 1,669 2,221 2,184 17,039 — — 26,652 Doubtful — — — — — — — — — Gross Loans Held by Investment by Year of Origination 2020 2019 2018 2017 2016 Prior to 2016 Revolving Loans Revolving loans to term loans Total Loans Loss — — — — — — — — — Total criticized and classified 164 3,375 1,669 2,221 2,307 19,798 — — 29,534 Pass/Watch 271,858 152,117 93,588 101,943 119,563 526,099 — — 1,265,168 Total residential $ 272,022 155,492 95,257 104,164 121,870 545,897 — — 1,294,702 Commercial Mortgage Special mention $ — 29,268 33,446 22,838 3,041 34,992 — 1,045 124,630 Substandard — 1,905 3,687 21,095 10,185 61,441 — — 98,313 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified — 31,173 37,133 43,933 13,226 96,433 — 1,045 222,943 Pass/Watch 596,364 600,904 395,280 432,590 302,034 809,779 68,650 30,122 3,235,723 Total commercial mortgage $ 596,364 632,077 432,413 476,523 315,260 906,212 68,650 31,167 3,458,666 Multi-family Special mention $ — 682 19,837 3,117 5,558 300 — 288 29,782 Substandard — — — — — 1,568 — — 1,568 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified — 682 19,837 3,117 5,558 1,868 — 288 31,350 Pass/Watch 291,995 180,271 187,880 169,310 131,297 486,649 3,418 2,346 1,453,165 Total multi-family $ 291,995 180,953 207,717 172,427 136,855 488,517 3,418 2,633 1,484,515 Construction Special mention $ 1,991 14,508 7,877 — — — — — 24,376 Substandard — — 4,309 615 — — — — 4,924 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified 1,991 14,508 12,186 615 — — — — 29,300 Pass/Watch 88,777 236,021 138,190 43,224 1,568 512 — 4,347 512,639 Total construction $ 90,768 250,529 150,376 43,839 1,568 512 — 4,347 541,939 Total Mortgage Special mention $ 1,991 44,458 61,160 25,955 8,722 38,051 — 1,333 181,670 Substandard 164 5,280 9,665 23,931 12,369 80,048 — — 131,457 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified 2,155 49,738 70,825 49,886 21,091 118,099 — 1,333 313,127 Gross Loans Held by Investment by Year of Origination 2020 2019 2018 2017 2016 Prior to 2016 Revolving Loans Revolving loans to term loans Total Loans Pass/Watch 1,248,994 1,169,313 814,938 747,067 554,462 1,823,039 72,067 36,815 6,466,695 Total Mortgage $ 1,251,149 1,219,051 885,763 796,953 575,553 1,941,138 72,067 38,148 6,779,822 Commercial Special mention $ — 6,295 6,038 27,251 9,779 81,355 22,745 3,617 157,080 Substandard — 7,324 2,527 16,139 40,512 41,831 16,738 2,018 127,090 Doubtful — — — — — — 52 — 52 Loss — — — — — — — — — Total criticized and classified — 13,619 8,565 43,390 50,291 123,186 39,536 5,635 284,222 Pass/Watch 695,125 207,400 205,892 179,068 141,925 415,729 397,408 40,700 2,283,247 Total commercial $ 695,125 221,019 214,457 222,458 192,216 538,915 436,944 46,335 2,567,470 Consumer (1) Special mention $ — 3 — 70 28 299 1,304 163 1,867 Substandard 25 49 14 — 2,912 1,230 1,236 1,278 6,744 Doubtful — — — — — — — — — Loss — — — — — — — — — Total criticized and classified 25 52 14 70 2,940 1,529 2,540 1,441 8,611 Pass/Watch 12,746 50,605 54,962 45,698 25,539 143,685 135,839 14,881 483,955 Total consumer $ 12,771 50,657 54,976 45,768 28,479 145,214 138,378 16,323 492,566 Total Loans Special mention $ 1,991 50,756 67,198 53,276 18,529 119,705 24,049 5,113 340,617 Substandard 189 12,653 12,206 40,070 55,793 123,109 17,975 3,296 265,291 Doubtful — — — — — — 52 — 52 Loss — — — — — — — — — Total criticized and classified 2,180 63,409 79,404 93,346 74,322 242,814 42,076 8,410 605,960 Pass/Watch 1,956,865 1,427,318 1,075,792 971,833 721,926 2,382,453 605,314 92,396 9,233,898 Total gross loans $ 1,959,045 1,490,727 1,155,196 1,065,179 796,248 2,625,267 647,390 100,806 9,839,858 (1) For consumer loans, the Company assigns internal credit grades based on the delinquency status of each loan.

Banking Premises and Equipment

Banking Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Banking Premises and Equipment	A summary of banking premises and equipment at December 31, 2021 and 2020 is as follows (in thousands): 2021 2020 Land $ 14,474 13,631 Banking premises 75,143 72,362 Furniture, fixtures and equipment 54,860 52,128 Leasehold improvements 47,379 37,756 Construction in progress 4,775 9,669 196,631 185,546 Less accumulated depreciation and amortization 116,072 109,600 Total banking premises and equipment $ 80,559 75,946

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible assets at December 31, 2021 and 2020 are summarized as follows (in thousands): 2021 2020 Goodwill $ 444,423 443,001 Core deposit premiums 3,175 4,092 Customer relationship and other intangibles 15,890 18,486 Mortgage servicing rights 695 633 Total intangible assets $ 464,183 466,212
Amortization Expense of Intangible Assets	Amortization expense of intangible assets for the years ended December 31, 2021, 2020 and 2019 is as follows (in thousands): 2021 2020 2019 Core deposit premiums $ 917 824 786 Customer relationship and other intangibles 2,597 2,457 1,869 Mortgage servicing rights 150 144 85 Total amortization expense of intangible assets $ 3,664 3,425 2,740
Scheduled Amortization of Core Deposit Intangibles	Scheduled amortization of core deposit premiums and customer relationship and other intangibles for each of the next five years is as follows (in thousands): Year ended December 31, Scheduled Amortization 2022 $ 3,143 2023 2,771 2024 2,432 2025 2,206 2026 2,096

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2021
Other Liabilities [Abstract]
Schedule of Deposits	Deposits at December 31, 2021 and 2020 are summarized as follows (in thousands): 2021 Weighted average interest rate 2020 Weighted average interest rate Savings deposits $ 1,460,541 0.10 % $ 1,348,147 0.11 % Money market accounts 2,592,523 0.27 2,245,412 0.45 NOW accounts 3,722,198 0.20 2,808,637 0.42 Non-interest bearing deposits 2,766,235 — 2,341,459 — Certificates of deposit 692,515 0.58 1,094,174 0.89 Total deposits $ 11,234,012 $ 9,837,829
Scheduled Maturities of Certificates of Deposit	Scheduled maturities of certificates of deposit accounts at December 31, 2021 and 2020 are as follows (in thousands): 2021 2020 Within one year $ 534,459 886,018 One to three years 115,833 153,114 Three to five years 41,987 54,544 Five years and thereafter 236 498 $ 692,515 1,094,174
Interest Expense on Deposits	Interest expense on deposits for the years ended December 31, 2021, 2020 and 2019 is summarized as follows (in thousands): Years ended December 31, 2021 2020 2019 Savings deposits $ 1,604 1,689 1,681 NOW and money market accounts 20,458 22,762 29,542 Certificates of deposits 4,451 9,138 14,271 $ 26,513 33,589 45,494

Borrowed Funds (Tables)

Borrowed Funds (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of Borrowed Funds	Borrowed funds at December 31, 2021 and 2020 are summarized as follows (in thousands): 2021 2020 Securities sold under repurchase agreements $ 116,760 99,936 FHLB line of credit — 25,000 FHLB advances 510,014 1,051,036 Total borrowed funds $ 626,774 1,175,972
Scheduled Maturities of FHLB Advances	Scheduled maturities of FHLB advances at December 31, 2021 are as follows (in thousands): 2021 Due in one year or less $ 318,602 Due after one year through two years 58,569 Due after two years through three years 58,583 Due after three years through four years 74,260 Thereafter — Total FHLB advances $ 510,014
Scheduled Maturities of Securities Sold Under Repurchase Agreements	Scheduled maturities of securities sold under repurchase agreements at December 31, 2021 are as follows (in thousands): 2021 Due in one year or less $ 116,760 Thereafter — Total securities sold under repurchase agreements $ 116,760
Debt Disclosure by Year	The following tables set forth certain information as to borrowed funds for the years ended December 31, 2021 and 2020 (in thousands): Maximum balance Average balance Weighted average interest rate 2021 Securities sold under repurchase agreements $ 132,005 116,158 0.07 % FHLB line of credit — 205 .34 FHLB advances 941,939 673,014 1.27 2020 Securities sold under repurchase agreements $ 115,233 86,194 0.28 % FHLB line of credit 422,000 97,853 1.09 FHLB advances 1,177,083 1,045,282 1.49

Benefit Plans (Tables)

Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
Pension Plan and Post-Retirement Healthcare and Life Insurance Plans	The following table sets forth information regarding the pension plan and post-retirement healthcare and life insurance plans (in thousands): Pension Post-retirement 2021 2020 2019 2021 2020 2019 Change in benefit obligation: Benefit obligation at beginning of year $ 35,170 33,058 28,878 18,805 23,323 20,028 Service cost — — — 34 78 80 Interest cost 790 1,000 1,198 424 712 837 Actuarial (gain) loss (294) 381 63 (412) (169) — Benefits paid (1,656) (1,630) (1,493) (584) (627) (600) Change in actuarial assumptions (1,493) 2,361 4,412 (1,519) (4,512) 2,978 Benefit obligation at end of year $ 32,517 35,170 33,058 16,748 18,805 23,323 Change in plan assets: Fair value of plan assets at beginning of year $ 54,617 49,932 43,449 — — — Actual return on plan assets 5,490 6,315 7,976 — — — Employer contributions — — — 584 627 600 Benefits paid (1,656) (1,630) (1,493) (584) (627) (600) Fair value of plan assets at end of year 58,451 54,617 49,932 — — — Funded status at end of year $ 25,934 19,447 16,874 (16,748) (18,805) (23,323)
Components of Accumulated Other Comprehensive Loss (Gain) related to Pension Plan and Other Post-retirement Benefits	The components of accumulated other comprehensive loss (gain) related to the pension plan and other post-retirement benefits, on a pre-tax basis, at December 31, 2021 and 2020 are summarized in the following table (in thousands): Pension Post-retirement 2021 2020 2021 2020 Unrecognized prior service cost $ — — — — Unrecognized net actuarial loss (gain) 4,504 9,026 (8,915) (8,055) Total accumulated other comprehensive loss (gain) $ 4,504 9,026 (8,915) (8,055)
Net Periodic Benefit Cost (Increase)	Net periodic (benefit) increase cost for the years ending December 31, 2021, 2020 and 2019, included the following components (in thousands): Pension Post-retirement 2021 2020 2019 2021 2020 2019 Service cost $ — — — 34 78 80 Interest cost 790 1,000 1,198 424 712 837 Return on plan assets (3,227) (2,949) (2,562) — — — Amortization of: Net loss (gain) 472 696 1,015 (1,070) (248) (825) Unrecognized prior service cost — — — — — — Net periodic (benefit) increase cost $ (1,965) (1,253) (349) (612) 542 92
Weighted Average Actuarial Assumptions Used	The weighted average actuarial assumptions used in the plan determinations at December 31, 2021, 2020 and 2019 were as follows: Pension Post-retirement 2021 2020 2019 2021 2020 2019 Discount rate 2.70 % 2.30 % 3.10 % 2.70 % 2.30 % 3.10 % Rate of compensation increase — — — — — — Expected return on plan assets 6.00 6.00 6.00 — — — Medical and life insurance benefits cost rate of increase — — — 6.00 6.00 6.00
Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rate	A 1% change in the assumed health care cost trend rate would have had the following effects on post-retirement benefits at December 31, 2021 (in thousands): 1% increase 1% decrease Effect on total service cost and interest cost $ 70 50 Effect on post-retirement benefits obligation $ 2,200 1,800
Estimated Future Benefit Payments	Estimated future benefit payments, which reflect expected future service, as appropriate for the next five years, are as follows (in thousands): Pension Post-retirement 2022 $ 1,745 736 2023 1,777 773 2024 1,788 782 2025 1,785 813 2026 1,784 804
Weighted-Average Asset Allocation of Pension Plan Assets	The weighted-average asset allocation of pension plan assets at December 31, 2021 and 2020 were as follows: Asset Category 2021 2020 Domestic equities 39 % 39 % Foreign equities 11 % 12 % Fixed income 48 % 47 % Real estate 2 % 2 % Cash — % — % Total 100 % 100 %
Target Allocation of Assets and Acceptable Ranges	The target allocation of assets and acceptable ranges around the targets are as follows: Asset Category Target Allowable Range Domestic equities 37 % 30-41% Foreign equities 11 % 5-13% Fixed income 50 % 40-65% Real estate 2 % 0-4% Cash 0 % 0% Total 100 %
Assets Measured at Fair Value on Recurring Basis	The following tables present the assets that are measured at fair value on a recurring basis by level within the U.S. GAAP fair value hierarchy as reported on the statements of net assets available for Plan benefits at December 31, 2021 and 2020, respectively. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Fair value measurements at December 31, 2021 (in thousands) Total (Level 1) (Level 2) (Level 3) Group annuity contracts $ 88 — 88 — Mutual funds: Fixed income 28,042 28,042 — — International equity 6,153 6,153 — — Large U.S. equity 1,834 1,834 — — Small/Mid U.S. equity 1,183 1,183 — — Total mutual funds 37,212 37,212 — — Pooled separate accounts 21,151 — 21,151 — Total Plan assets $ 58,451 37,212 21,239 — Fair value measurements at December 31, 2020 (in thousands) Total (Level 1) (Level 2) (Level 3) Group annuity contracts $ 64 — 64 — Mutual funds: Fixed income 25,418 25,418 — — International equity 6,581 6,581 — — Large U.S. equity 1,677 1,677 — — Small/Mid U.S. equity 1,225 1,225 — — Total mutual funds 34,901 34,901 — — Pooled separate accounts 19,652 — 19,652 — Total Plan assets $ 54,617 34,901 19,716 —
Status of Unvested Stock Awards	A summary status of the granted but unvested stock awards as of December 31, and changes during the year, is presented below: Restricted Stock Awards 2021 2020 2019 Outstanding at beginning of year 785,181 668,826 651,099 Granted 500,892 429,122 291,034 Forfeited (144,476) (59,938) (46,914) Vested (241,114) (252,829) (226,393) Outstanding at the end of year 900,483 785,181 668,826
Status of Unexercised Stock Options	A summary of the status of the granted but unexercised stock options as of December 31, 2021 2020 and 2019, and changes during the year is presented below: 2021 2020 2019 Number of stock options Weighted average exercise price Number of stock options Weighted average exercise price Number of stock options Weighted average exercise price Outstanding at beginning of year 596,441 $ 17.96 499,201 $ 19.32 470,979 $ 18.36 Granted 56,605 20.66 107,240 20.62 41,685 27.25 Exercised (86,593) 14.69 — — (13,463) 10.35 Forfeited — — (10,000) 14.68 — — Expired — — — — — — Outstanding at the end of year 566,453 $ 18.73 596,441 $ 17.96 499,201 $ 19.32
Stock Options Outstanding	The following table summarizes information about stock options outstanding at December 31, 2021: Options Outstanding Options Exercisable Range of exercise prices Number of options outstanding Average remaining contractual life Weighted average exercise price Number of options exercisable Weighted average exercise price $15.23-18.70 274,942 2.7 $ 17.28 274,942 $ 17.28 $20.62-27.25 291,511 7.5 $ 23.15 149,518 $ 24.91
Weighted Average Assumptions of Fair Value Option Grants	The fair value of the option grants was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions: For the year ended December 31, 2021 2020 2019 Expected dividend yield 4.45 % 4.46 % 3.38 % Expected volatility 30.75 % 20.33 % 22.01 % Risk-free interest rate 0.73 % 0.75 % 2.53 % Expected option life 8 years 8 years 8 years

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Current and Deferred Amounts of Income Tax Expense (Benefit)	The current and deferred amounts of income tax expense (benefit) for the years ended December 31, 2021, 2020 and 2019 are as follows (in thousands): Years ended December 31, 2021 2020 2019 Current: Federal $ 28,798 27,143 22,427 State 17,986 11,389 10,354 Total current 46,784 38,532 32,781 Deferred: Federal 10,548 (5,908) 1,650 State 1,865 (2,021) 24 Total deferred 12,413 (7,929) 1,674 $ 59,197 30,603 34,455
Reconciliation between Amount Reported and Amount Computed for Income Tax Expense and Income Tax Rate	A reconciliation between the amount of reported total income tax expense and the amount computed by multiplying the applicable statutory income tax rate is as follows (in thousands): Years ended December 31, 2021 2020 2019 Tax expense at statutory rates $ 47,695 26,786 30,889 Increase (decrease) in taxes resulting from: State tax, net of federal income tax benefit 15,682 7,400 8,197 Tax-exempt interest income (2,690) (2,609) (3,082) Bank-owned life insurance (1,665) (1,363) (1,322) Other, net 175 389 (227) $ 59,197 30,603 34,455
Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2021 and 2020 are as follows (in thousands): 2021 2020 Deferred tax assets: Allowance for credit losses on loans $ 21,640 26,156 Allowance for credit loss on off-balance sheet ("OBS") credit exposure 1,763 1,295 Post-retirement benefit 6,908 6,924 Deferred compensation 743 839 Contingent consideration — 714 Purchase accounting adjustments 1,145 3,099 Depreciation 425 331 SERP 1,013 733 ESOP 1,145 1,377 Stock-based compensation 4,753 4,481 Payroll Protection Program fees 411 2,268 Non-accrual interest 232 225 Federal Net Operating Loss ("NOL") 239 280 Unrealized loss on securities 501 — Net unrealized loss on hedging activities — 1,717 Pension liability adjustments — 376 Lease liability 13,464 10,838 Other 1,196 693 Total gross deferred tax assets 55,578 62,346 Deferred tax liabilities: Pension expense 8,158 7,340 Contingent consideration 56 — Deferred loan costs 7,104 4,532 Investment securities, principally due to accretion of discounts 94 79 Intangibles 2,121 1,723 Originated mortgage servicing rights 184 160 Unrealized gain on available for sale debt securities — 7,802 Pension liability adjustments 1,036 — Net unrealized gain on hedging activities 788 — Lease right-of-use asset 13,082 10,606 Total gross deferred tax liabilities 32,623 32,242 Net deferred tax asset $ 22,955 30,104

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	12 Months Ended
	Dec. 31, 2021
Regulatory Assets and Liabilities Disclosure [Abstract]
Actual Capital Amounts and Ratios	The following table shows the Company’s actual capital amounts and ratios as of December 31, 2021 and 2020, compared to the FRB minimum capital adequacy requirements and the FRB requirements for classification as a well-capitalized institution (dollars in thousands). Actual capital FRB minimum capital FRB minimum capital adequacy requirements with capital conservation buffer To be well-capitalized under prompt corrective action provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of December 31, 2021 Tier 1 leverage capital $ 1,252,925 9.45 % $ 530,602 4.00 % $ 530,602 4.00 % $ 663,252 5.00 % Common equity Tier 1 risk-based capital 1,240,038 11.47 486,382 4.50 756,595 7.00 702,552 6.50 Tier 1 risk-based capital 1,252,925 11.59 648,510 6.00 918,722 8.50 864,680 8.00 Total risk-based capital 1,324,032 12.25 864,680 8.00 1,134,892 10.50 1,080,850 10.00 Actual capital FRB minimum capital adequacy requirements FRB minimum capital To be well-capitalized under prompt corrective action provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of December 31, 2020 Tier 1 leverage capital $ 1,157,505 9.30 % $ 497,794 4.00 % $ 497,794 4.00 % $ 622,243 5.00 % Common equity Tier 1 risk-based capital 1,144,618 10.46 492,359 4.50 765,892 7.00 711,185 6.50 Tier 1 risk-based capital 1,157,505 10.58 656,478 6.00 930,011 8.50 875,305 8.00 Total risk-based capital 1,306,494 11.94 875,305 8.00 1,148,837 10.50 1,094,131 10.00
FDIC Minimum Capital Adequacy Requirements	The following table shows the Bank’s actual capital amounts and ratios as of December 31, 2021 and 2020, compared to the FDIC minimum capital adequacy requirements and the FDIC requirements for classification as a well-capitalized institution (dollars in thousands). Actual capital FDIC minimum capital FDIC minimum capital adequacy requirements with capital conservation buffer To be well-capitalized under prompt corrective action provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of December 31, 2021 Tier 1 leverage capital $ 1,174,495 8.86 % $ 530,275 4.00 % $ 530,275 4.00 % $ 662,844 5.00 % Common equity Tier 1 risk-based capital 1,174,495 10.87 486,122 4.50 756,190 7.00 702,177 6.50 Tier 1 risk-based capital 1,174,495 10.87 648,163 6.00 918,231 8.50 864,217 8.00 Total risk-based capital 1,245,602 11.53 864,217 8.00 1,134,285 10.50 1,080,272 10.00 Actual capital FDIC minimum capital adequacy requirements FRB minimum capital To be well-capitalized under prompt corrective action provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of December 31, 2020 Tier 1 leverage capital $ 1,086,589 8.75 % $ 496,908 4.00 % $ 496,908 4.00 % $ 621,135 5.00 % Common equity Tier 1 risk-based capital 1,086,589 9.96 491,135 4.50 763,988 7.00 709,417 6.50 Tier 1 risk-based capital 1,086,589 9.96 654,847 6.00 927,700 8.50 873,129 8.00 Total risk-based capital 1,223,469 11.21 873,129 8.00 1,145,982 10.50 1,091,411 10.00

Allowance for Credit Losses o_2

Allowance for Credit Losses on Off-Balance Sheet Credit Exposures (Tables)	12 Months Ended
	Dec. 31, 2021
Credit Loss [Abstract]
Schedule of Impact of ASC 326	The following table illustrates the impact of the January 1, 2020 adoption of CECL on held to maturity debt securities (in thousands): January 1, 2020 As reported under CECL Prior to CECL Impact of CECL adoption Held to Maturity Debt Securities Allowance for credit losses on corporate securities $ 6 — 6 Allowance for credit losses on municipal securities 64 — 64 Allowance for credit losses on held to maturity debt securities $ 70 — 70 The following table illustrates the impact of the January 1, 2020 adoption of CECL on the allowance for credit losses related to the loan portfolio (in thousands): January 1, 2020 As reported under CECL Prior to CECL Impact of CECL adoption Loans Residential $ 8,950 3,414 5,536 Commercial 17,118 12,831 4,287 Multi-family 9,519 3,374 6,145 Construction 4,152 5,892 (1,740) Total mortgage loans 39,739 25,511 14,228 Commercial loans 18,254 28,263 (10,009) Consumer loans 5,452 1,751 3,701 Allowance for credit losses on loans $ 63,445 55,525 7,920 The following table illustrates the impact of the January 1, 2020 adoption of CECL on OBS credit exposures (dollars in thousands): January 1, 2020 As reported under CECL Prior to CECL Impact of CECL adoption Liabilities Allowance for credit losses on off-balance sheet credit exposure $ 3,206 — 3,206

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Assets and Liabilities Reported on Consolidated Statements of Financial Condition at Fair Values	The following tables present the assets and liabilities reported on the consolidated statements of financial condition at their fair value as of December 31, 2021 and 2020, by level within the fair value hierarchy (in thousands). Fair Value Measurements at Reporting Date Using: December 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Measured on a recurring basis: Available for sale debt securities: U.S. Treasury obligations $ 196,329 $ 196,329 — — Mortgage-backed securities 1,708,831 — 1,708,831 — Asset-backed securities 46,797 46,797 State and municipal obligations 69,707 — 69,707 — Corporate obligations 36,187 — 36,187 — Total available for sale debt securities $ 2,057,851 196,329 1,861,522 — Equity Securities 1,325 1,325 — — Derivative assets 65,903 — 65,903 $ 2,125,079 197,654 1,927,425 — Derivative liabilities $ 61,412 — 61,412 — Measured on a non-recurring basis: Loans measured for impairment based on the fair value of the underlying collateral $ 18,237 — — 18,237 Foreclosed assets 8,731 — — 8,731 $ 26,968 — — 26,968 Fair Value Measurements at Reporting Date Using: December 31, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Measured on a recurring basis: Available for sale debt securities: Agency obligations $ 1,009 1,009 — — Mortgage-backed securities 938,413 — 938,413 — Asset-backed securities 53,830 53,830 State and municipal obligations 71,258 — 71,258 — Corporate obligations 40,979 — 40,979 — Total available for sale debt securities $ 1,105,489 1,009 1,104,480 — Equity Securities 971 971 — — Derivative assets 101,079 — 101,079 — $ 1,207,539 1,980 1,205,559 — Derivative liabilities $ 109,148 — 109,148 — Measured on a non-recurring basis: Loans measured for impairment based on the fair value of the underlying collateral $ 26,250 — — 26,250 Foreclosed assets 4,475 — — 4,475 $ 30,725 — — 30,725
Schedule of Financial Instruments at Carrying and Fair Values	The following tables present the Company’s financial instruments at their carrying and fair values as of December 31, 2021 and December 31, 2020. Fair values are presented by level within the fair value hierarchy. Fair Value Measurements at December 31, 2021 Using: (Dollars in thousands) Carrying value Fair value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial assets: Cash and cash equivalents $ 712,463 712,463 712,463 — — Available for sale debt securities: U.S. Treasury obligations 196,329 196,329 196,329 — — Mortgage-backed securities 1,708,831 1,708,831 — 1,708,831 — Asset-backed securities 46,797 46,797 — 46,797 — State and municipal obligations 69,707 69,707 — 69,707 — Corporate obligations 36,187 36,187 — 36,187 — Total available for sale debt securities $ 2,057,851 2,057,851 196,329 1,861,522 — Held to maturity debt securities, net of allowance for credit losses: Agency obligations $ 9,996 9,821 9,821 — — Mortgage-backed securities 21 21 — 21 — State and municipal obligations 415,699 429,552 — 429,552 — Corporate obligations 10,434 10,315 — 10,315 — Total held to maturity debt securities, net of allowance for credit losses $ 436,150 449,709 9,821 439,888 — FHLBNY stock 34,290 34,290 34,290 — — Equity Securities 1,325 1,325 1,325 — — Loans, net of allowance for credit losses 9,500,884 9,607,225 — — 9,607,225 Derivative assets 65,903 65,903 — 65,903 — Financial liabilities: Deposits other than certificates of deposits $ 10,541,497 10,541,497 10,541,497 — — Certificates of deposit 692,515 694,041 — 694,041 — Total deposits $ 11,234,012 11,235,538 10,541,497 694,041 — Borrowings 626,774 625,636 — 625,636 — Subordinated Debentures 10,283 9,750 — 9,750 — Derivative liabilities 61,412 61,412 — 61,412 — Fair Value Measurements at December 31, 2020 Using: (Dollars in thousands) Carrying value Fair value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial assets: Cash and cash equivalents $ 532,353 532,353 532,353 — — Available for sale debt securities: Agency obligations 1,009 1,009 1,009 — — Mortgage-backed securities 938,413 938,413 — 938,413 — Asset-backed securities 53,830 53,830 — 53,830 — State and municipal obligations 71,258 71,258 — 71,258 — Corporate obligations 40,979 40,979 — 40,979 — Total available for sale debt securities $ 1,105,489 1,105,489 1,009 1,104,480 — Held to maturity debt securities: Agency obligations $ 7,600 7,601 7,601 — — Mortgage-backed securities 62 64 — 64 — State and municipal obligations 433,589 455,039 — 455,039 — Corporate obligations 9,714 9,825 — 9,825 — Total held to maturity debt securities, net of allowance for credit losses $ 450,965 472,529 7,601 464,928 — FHLBNY stock 59,489 59,489 59,489 — — Equity Securities 971 971 971 — — Loans, net of allowance for credit losses 9,721,424 9,969,330 — — 9,969,330 Derivative assets 101,079 101,079 — 101,079 — Financial liabilities: Deposits other than certificates of deposits $ 8,743,655 8,743,655 8,743,655 — — Certificates of deposit 1,094,174 1,097,993 — 1,097,993 — Total deposits $ 9,837,829 9,841,648 8,743,655 1,097,993 — Borrowings 1,175,972 1,193,024 — 1,193,024 — Subordinated Debentures 25,135 24,375 — 24,375 — Derivative liabilities 109,148 109,148 — 109,148 —

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Basic and Diluted Earnings (Loss) Per Share	The following is a reconciliation of the outstanding shares used in the basic and diluted earnings per share calculations. For the Year Ended December 31, 2021 2020 2019 (In thousands, except per share data) Net income $ 167,921 96,951 112,633 Basic weighted average common shares outstanding 76,471,933 69,548,499 64,604,224 Plus: Dilutive shares 88,907 77,459 130,367 Diluted weighted average common shares outstanding 76,560,840 69,625,958 64,734,591 Earnings per share: Basic $ 2.20 1.39 1.74 Diluted $ 2.19 1.39 1.74

Parent-only Financial Informa_2

Parent-only Financial Information (Tables)	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]
Condensed Statements of Financial Condition	The condensed financial statements of Provident Financial Services, Inc. (parent company only) are presented below: Condensed Statements of Financial Condition (Dollars in Thousands) December 31, 2021 December 31, 2020 Assets Cash and due from banks $ 12,498 10,634 Available for sale debt securities, at fair value 1,138 971 Investment in subsidiary 1,631,554 1,561,769 Due from subsidiary—SAP 38,286 42,347 ESOP loan 19,615 25,555 Other assets 4,643 4,023 Total assets $ 1,707,734 1,645,299 Liabilities and Stockholders’ Equity Other liabilities 355 367 Subordinated Debentures 10,283 25,135 Total stockholders’ equity 1,697,096 1,619,797 Total liabilities and stockholders’ equity $ 1,707,734 1,645,299
Condensed Statements of Operations	Condensed Statements of Operations (Dollars in Thousands) For the Years Ended December 31, 2021 2020 2019 Dividends from subsidiary $ 71,478 65,823 72,809 Interest income 1,022 1,245 1,470 Investment gain 167 147 162 Total income 72,667 67,215 74,441 Subordinated debentures 1,189 512 — Non-interest expense 1,292 1,196 1,192 Total expense 2,481 1,708 1,192 Income before income tax expense 70,186 65,507 73,249 Income tax expense — — 127 Income before undistributed net income of subsidiary 70,186 65,507 73,122 Earnings in excess of dividends (equity in undistributed net income) of subsidiary 97,735 31,444 39,511 Net income $ 167,921 96,951 112,633
Condensed Statements of Cash Flows	Condensed Statements of Cash Flows (Dollars in Thousands) For the Years Ended December 31, 2021 2020 2019 Cash flows from operating activities: Net income $ 167,921 96,951 112,633 Adjustments to reconcile net income to net cash provided by operating activities Earnings in excess of dividends (equity in undistributed net income) of subsidiary (97,735) (31,444) (39,511) ESOP allocation 4,318 2,401 4,533 SAP allocation 5,451 5,330 6,671 Stock option allocation 200 189 181 Increase in due to subsidiary—SAP (4,061) 54,088 3,745 Decrease (increase) in other assets 27,106 (138,256) 21,285 (Decrease) increase in other liabilities (12) (4,493) (734) Net cash provided by (used in) operating activities 103,188 (15,234) 108,803 Cash flows from investing activities: Cash received, net of cash consideration paid for acquisition — 78,089 — Net decrease in ESOP loan 5,939 5,558 5,643 Net cash provided by investing activities 5,939 83,647 5,643 Cash flows from financing activities: Purchases of treasury stock (20,711) (21,161) (19,867) Purchase of employee restricted shares to fund statutory tax withholding (961) (969) (1,985) Cash dividends paid (71,478) (65,823) (72,809) Repayment of subordinated debentures (15,000) — — Shares issued dividend reinvestment plan — 451 2,230 Stock options exercised 887 — 139 Net cash used in financing activities (107,263) (87,502) (92,292) Net increase (decrease) in cash and cash equivalents 1,864 (19,089) 22,154 Cash and cash equivalents at beginning of period 10,634 29,723 7,569 Cash and cash equivalents at end of period $ 12,498 10,634 29,723

Other Comprehensive Income (L_2

Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Components of Other Comprehensive Loss	The following table presents the components of other comprehensive income (loss) both gross and net of tax, for the years ended December 31, 2021, 2020 and 2019 (in thousands): For the Years Ended December 31, 2021 2020 2019 Before Tax Tax Effect After Tax Before Tax Tax Effect After Tax Before Tax Tax Effect After Tax Components of Other Comprehensive Income ( Loss): Unrealized losses on available for sale debt securities: Net (losses) gains arising during the period $ (31,972) 8,242 (23,730) 20,134 (5,190) 14,944 24,987 (6,636) 18,351 Reclassification adjustment for gains included in net income (230) 59 (171) — — — — — — Total (32,202) 8,301 (23,901) 20,134 (5,190) 14,944 24,987 (6,636) 18,351 Unrealized gains (losses) on derivatives (cash flow hedges) 12,189 (3,142) 9,047 (7,099) 1,830 (5,269) (780) 201 (579) Amortization related to post-retirement obligations 5,474 (1,412) 4,062 5,604 (1,445) 4,159 (2,176) 561 (1,615) Total other comprehensive (loss) income $ (14,539) 3,747 (10,792) 18,639 (4,805) 13,834 22,031 (5,874) 16,157
Changes in Accumulated Other Comprehensive Income by Component, net of tax	The following table presents the changes in the components of accumulated other comprehensive loss, net of tax, for the years ended December 31, 2021 and 2020 (in thousands): Changes in Accumulated Other Comprehensive Income by Component, net of tax For the Years Ended December 31, 2021 2020 Unrealized (Losses) Gains on Available for Sale Debt Securities Post-Retirement Unrealized Gains (Losses) on Derivatives (cash flow hedges) Accumulated Unrealized Gains on Available for Sale Debt Securities Post-Retirement Unrealized Gains (Losses) on Derivatives (cash flow hedges) Accumulated Balance at the beginning of the period $ 23,690 (1,081) (4,954) 17,655 8,746 (5,240) 315 3,821 Current period change in other comprehensive (loss) income (23,901) 4,062 9,047 (10,792) 14,944 4,159 (5,269) 13,834 Balance at the end of the period $ (211) 2,981 4,093 6,863 23,690 (1,081) (4,954) 17,655
Reclassification Out of Accumulated Other Comprehensive Income	The following table summarizes the reclassifications out of accumulated other comprehensive (loss) income for the years ended December 31, 2021, 2020 and 2019 (in thousands): Reclassifications Out of Accumulated Other Comprehensive Amount reclassified from AOCI for the years ended December 31, Affected line item in the Consolidated 2021 2020 2019 Details of AOCI: Available for sale debt securities: Realized net gains on the sale of securities available for sale $ (230) — — Net gain on securities transactions 59 — — Income tax expense (171) — — Net of tax Cash flow hedges: Unrealized losses (gains) on derivatives 3,878 1,741 (624) Interest expense (1,000) (449) 161 Income tax expense 2,878 1,292 (463) Post-retirement obligations: Amortization of actuarial (gains) losses (598) 448 190 Compensation and employee benefits (1) 154 (115) (50) Income tax expense (444) 333 140 Net of tax Total reclassifications $ 2,263 1625 (323) Net of tax (1) This item is included in the computation of net periodic benefit cost. See Note 13. Benefit Plans

Derivative and Hedging Activi_2

Derivative and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Offsetting Assets	The tables below present a gross presentation, the effects of offsetting, and a net presentation of the Company’s financial instruments that are eligible for offset in the Consolidated Statements of Condition at December 31, 2021 and December 31, 2020 (in thousands). Fair Values of Derivative Instruments as of December 31, 2021 Asset Derivatives Liability Derivatives Notional Amount Consolidated Statements of Financial Condition Fair value (2) Notional Amount Consolidated Statements of Financial Condition Fair value (2) Derivatives not designated as a hedging instrument: Interest rate products $ 1,188,703 Other assets $ 59,110 $ 1,188,703 Other liabilities $ 60,163 Credit contracts 33,683 Other assets 76 97,213 Other liabilities 46 Total derivatives not designated as a hedging instrument 59,186 60,209 Derivatives designated as a hedging instrument: Interest rate products 250,000 Other assets 7,278 350,000 Other liabilities 2,263 Total gross derivative amounts recognized on the balance sheet 66,464 62,472 Gross amounts offset on the balance sheet — — Net derivative amounts presented on the balance sheet $ 66,464 $ 62,472 Gross amounts not offset on the balance sheet: Financial instruments - institutional counterparties $ 18,618 $ 18,618 Cash collateral - institutional counterparties (1) — 26,566 Net derivatives not offset $ 47,846 $ 17,288 Fair Values of Derivative Instruments as of December 31, 2020 Asset Derivatives Liability Derivatives Notional Amount Consolidated Statements of Financial Condition Fair value (2) Notional Amount Consolidated Statements of Financial Condition Fair value (2) Derivatives not designated as a hedging instrument: Interest rate products $ 1,316,163 Other assets $ 108,519 $ 1,316,163 Other liabilities $ 109,957 Credit contracts 47,745 Other assets 97 73,954 Other liabilities 58 Total derivatives not designated as a hedging instrument 108,616 110,015 Derivatives designated as a hedging instrument: Interest rate products 175,000 Other assets 498 425,000 Other liabilities 7,582 Total gross derivative amounts recognized on the balance sheet 109,114 117,597 Gross amounts offset on the balance sheet — — Net derivative amounts presented on the balance sheet $ 109,114 $ 117,597 Gross amounts not offset on the balance sheet: Financial instruments - institutional counterparties $ 928 $ 928 Cash collateral - institutional counterparties (1) — 113,620 Net derivatives not offset $ 108,186 $ 3,049 (1) Cash collateral represents the amount that cannot be used to offset our derivative assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance. The application of the cash collateral cannot reduce the net derivative position below zero. Therefore, excess cash collateral, if any, is not reflected above. (2) The fair values related to interest rate products in the above net derivative tables show the total value of assets and liabilities, which include accrued interest receivable and accrued interest payable for the periods ended December 31, 2021 and December 31, 2020.
Offsetting Liabilities	The tables below present a gross presentation, the effects of offsetting, and a net presentation of the Company’s financial instruments that are eligible for offset in the Consolidated Statements of Condition at December 31, 2021 and December 31, 2020 (in thousands). Fair Values of Derivative Instruments as of December 31, 2021 Asset Derivatives Liability Derivatives Notional Amount Consolidated Statements of Financial Condition Fair value (2) Notional Amount Consolidated Statements of Financial Condition Fair value (2) Derivatives not designated as a hedging instrument: Interest rate products $ 1,188,703 Other assets $ 59,110 $ 1,188,703 Other liabilities $ 60,163 Credit contracts 33,683 Other assets 76 97,213 Other liabilities 46 Total derivatives not designated as a hedging instrument 59,186 60,209 Derivatives designated as a hedging instrument: Interest rate products 250,000 Other assets 7,278 350,000 Other liabilities 2,263 Total gross derivative amounts recognized on the balance sheet 66,464 62,472 Gross amounts offset on the balance sheet — — Net derivative amounts presented on the balance sheet $ 66,464 $ 62,472 Gross amounts not offset on the balance sheet: Financial instruments - institutional counterparties $ 18,618 $ 18,618 Cash collateral - institutional counterparties (1) — 26,566 Net derivatives not offset $ 47,846 $ 17,288 Fair Values of Derivative Instruments as of December 31, 2020 Asset Derivatives Liability Derivatives Notional Amount Consolidated Statements of Financial Condition Fair value (2) Notional Amount Consolidated Statements of Financial Condition Fair value (2) Derivatives not designated as a hedging instrument: Interest rate products $ 1,316,163 Other assets $ 108,519 $ 1,316,163 Other liabilities $ 109,957 Credit contracts 47,745 Other assets 97 73,954 Other liabilities 58 Total derivatives not designated as a hedging instrument 108,616 110,015 Derivatives designated as a hedging instrument: Interest rate products 175,000 Other assets 498 425,000 Other liabilities 7,582 Total gross derivative amounts recognized on the balance sheet 109,114 117,597 Gross amounts offset on the balance sheet — — Net derivative amounts presented on the balance sheet $ 109,114 $ 117,597 Gross amounts not offset on the balance sheet: Financial instruments - institutional counterparties $ 928 $ 928 Cash collateral - institutional counterparties (1) — 113,620 Net derivatives not offset $ 108,186 $ 3,049 (1) Cash collateral represents the amount that cannot be used to offset our derivative assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance. The application of the cash collateral cannot reduce the net derivative position below zero. Therefore, excess cash collateral, if any, is not reflected above. (2) The fair values related to interest rate products in the above net derivative tables show the total value of assets and liabilities, which include accrued interest receivable and accrued interest payable for the periods ended December 31, 2021 and December 31, 2020.
Derivative Instruments, Gain (Loss)	The table below presents the effect of the Company’s derivative financial instruments on the Consolidated Statements of Income for the years ended December 31, 2021, 2020 and 2019 (in thousands). Gain (loss) recognized in Income on derivatives For the Year Ended December 31, Consolidated Statements of Income 2021 2020 2019 Derivatives not designated as a hedging instruments: Interest rate products Other income $ 384 (950) (64) Credit contracts Other income 29 30 (53) Total derivatives not designated as hedging instruments $ 413 (920) (117) Derivatives designated as a hedging instruments: Loss (gain) recognized in Expense on derivatives Interest rate products Interest expense $ 3,878 1,741 (624) Total derivatives designated as a hedging instruments $ 3,878 1,741 (624)

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Summary of Non-Interest Income	The following table presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the years ended December 31, 2021, 2020 and 2019: December 31, (in-thousands) 2021 2020 2019 Non-interest income In-scope of Topic 606: Wealth management fees $ 30,756 25,733 22,503 Insurance agency income 10,216 3,513 — Banking service charges and other fees: Service charges on deposit accounts 10,921 10,312 13,117 Debit card and ATM fees 5,665 5,974 5,734 Total banking service charges and other fees 16,586 16,286 18,851 Total in-scope non-interest income 57,558 45,532 41,354 Total out-of-scope non-interest income 29,251 26,899 22,440 Total non-interest income $ 86,809 72,431 63,794

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Supplemental Balance Sheet Information	The following table represents the consolidated statements of financial condition classification of the Company’s right-of use-assets and lease liabilities at December 31, 2021 (in thousands): Classification December 31, 2021 Lease Right-of-Use Assets: Operating lease right-of-use assets Other assets $ 48,808 Lease Liabilities: Operating lease liabilities Other liabilities $ 50,236
Schedule of Supplemental Cash Flow and Other Information Related to Leases	The following table represents lease costs and other lease information for the Company's operating leases. The variable lease cost primarily represents variable payments such as common area maintenance and utilities (in thousands): Year ended December 31, 2021 Year ended December 31, 2020 Lease Costs Operating lease cost $ 10,074 9,012 Variable lease cost 2,899 2,756 Total Lease Cost $ 12,973 11,768 Cash paid for amounts included in the measurement of lease liabilities (in thousands): Year ended December 31, 2021 Year ended December 31, 2020 Operating cash flows from operating leases $ 9,255 8,863
Schedule of Future Minimum Payments	Future minimum payments for operating leases with initial or remaining terms of one year or more as of December 31, 2021 were as follows (in thousands): Operating Leases Years ended: 2022 $ 7,657 2023 7,414 2024 7,039 2025 6,481 2026 5,247 Thereafter 23,400 Total future minimum lease payments 57,238 Amounts representing interest 7,002 Present value of net future minimum lease payments $ 50,236

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	Jan. 01, 2020	Dec. 31, 2002	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Cash and cash equivalents maturity period, days			90 days
Credit loss expense for off-balance sheet credit exposure			$ 1,515	$ 1,814	$ 0
Allowance for credit losses on off-balance sheet credit exposure	$ 0		6,500	5,000
Retained earnings			$ 814,533	$ 718,090
Percentage of participants matched contribution			6.00%
Dividends paid on unallocated ESOP shares over period			30 years
Shares held by the DDFP			142,513
Dividends paid on unallocated ESOP shares over period		10 years
Accounting Standards Update 2016-13
Property, Plant and Equipment [Line Items]
Credit loss expense for off-balance sheet credit exposure	7,900
Allowance for credit losses on off-balance sheet credit exposure	3,200
Retained earnings	$ 8,300
Depositor Relationships
Property, Plant and Equipment [Line Items]
Amortized accelerated basis period			8 years 9 months 18 days
Estimated useful life of core deposits			10 years
Beacon Trust | Customer Relationships
Property, Plant and Equipment [Line Items]
Amortized accelerated basis period			12 years
The MDE Group | Customer Relationships
Property, Plant and Equipment [Line Items]
Amortized accelerated basis period			10 years 4 months 24 days
Tirschwell & Loewy, Inc. | Customer Relationships
Property, Plant and Equipment [Line Items]
Amortized accelerated basis period			10 years
SB One Bancorp | Customer Relationships
Property, Plant and Equipment [Line Items]
Amortized accelerated basis period			13 years

Stockholders_ Equity (Details)

Stockholders’ Equity (Details) - USD ($) $ / shares in Units, $ in Millions	Jan. 15, 2003	Dec. 31, 2021	Dec. 31, 2020
Equity [Abstract]
Common stock, shares issued (in shares)	59,600,000	83,209,012	83,209,012
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, per share (in dollars per share)	$ 10
Proceeds from issuance of common stock	$ 567.2
Cash donated	$ 4.8
Number of shares donated	1,920,000
Value of shares donated	$ 24
Liquidation account balance		$ 8.2

Business Combinations - SB One

Business Combinations - SB One Bancorp Acquisition (Details) $ in Thousands	Jul. 31, 2020USD ($)branchofficeshares	Dec. 31, 2021USD ($)counterparty	Jul. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Apr. 01, 2019USD ($)
Business Acquisition [Line Items]
Gross amortized cost basis at July 31, 2020						$ 822,400
Goodwill		$ 444,423		$ 443,001
Fair value premium	$ 8,400
Less allowance for credit losses					$ 55,525
Number of branches acquired | branch	18
Number of branches owned | counterparty		8
Operating lease, right-of-use asset		$ 48,808
Operating lease liabilities		50,236
Subordinated debentures		10,283		$ 25,135
Woodbridge, NJ
Business Acquisition [Line Items]
Operating lease, right-of-use asset		10,000
Operating lease liabilities		10,000
SB One Bancorp
Business Acquisition [Line Items]
Assets added during acquisition	$ 2,195,708
Number of banking offices | office	18
Common stock portion, number of SB One Bancorp stock for each share of company common stock converted | shares	1.357
Common stock, total amount of company stock | shares	12,800,000
Total cost of acquisition	$ 180,800
Goodwill	22,439		$ 22,400
Fair value premium	133
Less allowance for credit losses	13,600
Operating lease, right-of-use asset		3,800
Operating lease liabilities		$ 3,800
Decrease in fair value of net assets acquired	1,400
Goodwill, purchase accounting adjustments	23,900
Bank-owned life insurance	37,200
Time deposit discount	4,300
Subordinated debentures	27,500
SB One Bancorp | Core Deposits
Business Acquisition [Line Items]
Intangible asset	$ 3,200
Estimated useful life	10 years
SB One Bancorp | Customer Relationships
Business Acquisition [Line Items]
Intangible asset	$ 6,800
Estimated useful life	13 years
SB One Bancorp | Loans
Business Acquisition [Line Items]
Gross amortized cost basis at July 31, 2020	$ 1,770,000
SB One Bancorp | PCD Loans
Business Acquisition [Line Items]
Gross amortized cost basis at July 31, 2020	294,200
SB One Bancorp | Deposits
Business Acquisition [Line Items]
Gross amortized cost basis at July 31, 2020	$ 1,760,000

Business Combinations - Estimat

Business Combinations - Estimated Fair Values of the Assets Acquired and the Liabilities Assumed (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jul. 31, 2021	Dec. 31, 2020	Jul. 31, 2020
Assets acquired
Goodwill	$ 444,423		$ 443,001
SB One Bancorp
Assets acquired
Cash and cash equivalents, net				$ 78,089
Available for sale debt securities				231,645
Held to maturity debt securities				12,381
Federal Home Loan Bank stock				11,216
Loans				1,766,115
Allowance for credit losses on PCD loans				(13,586)
Loans, net				1,752,529
Bank-owned life insurance				37,237
Banking premises and equipment				16,620
Accrued interest receivable				8,947
Goodwill		$ 22,400		22,439
Other intangibles assets				9,965
Foreclosed assets, net				2,441
Other assets				12,199
Total assets acquired				2,195,708
Liabilities, Fair Value Disclosure [Abstract]
Deposits				1,757,777
Mortgage escrow deposits				0
Borrowed funds				201,582
Subordinated debentures				25,074
Other liabilities				30,447
Total liabilities assumed				2,014,880
Net assets acquired				$ 180,828

Business Combinations - Fair Va

Business Combinations - Fair Value Adjustments Made to the Amortized Cost (Details) - USD ($) $ in Thousands	Jul. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Gross amortized cost basis at July 31, 2020	$ 1,787,057
Interest rate fair value adjustment on all loans	455
Credit fair value adjustment on non-PCD loans	(21,397)
Fair value of acquired loans at July 31, 2020	1,766,115
Allowance for credit losses on PCD loans	(13,586)
Loans, net	$ 1,752,529	$ 0	$ 1,752,529	$ 0

Business Combinations - Summary

Business Combinations - Summary of PCD Loans (Details) - USD ($) $ in Thousands	Jul. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Allowance for credit losses on PCD loans		$ (2,800)	$ (13,100)
Net PCD loans		$ 246,900	$ 296,600
SB One Bancorp
Business Acquisition [Line Items]
Gross amortized cost basis at July 31, 2020	$ 315,784
Interest component of expected cash flows (accretable difference)	(7,988)
Allowance for credit losses on PCD loans	(13,586)
Net PCD loans	$ 294,210

Business Combinations - Tirschw

Business Combinations - Tirschwell & Loewy, Inc Acquisition (Details) - USD ($) $ in Thousands	Apr. 01, 2019	Sep. 30, 2021	May 30, 2021	Dec. 31, 2019	Dec. 31, 2021
Business Acquisition [Line Items]
Assets under management	$ 822,400
Tirschwell & Loewy Acquisition
Business Acquisition [Line Items]
Goodwill recorded as result of acquisition	8,200
Contingent consideration liability at fair value	$ 6,600				$ 2,000
Additional cash consideration to former stakeholders	3 years
Contingent consideration limit	$ 11,000
Total cost of acquisition	21,600
Cash consideration	15,000
Increase in estimated fair value of contingent consideration liability		$ 3,400		$ (2,800)
Earn out			$ 4,000
Tirschwell & Loewy Acquisition | Customer Relationships
Business Acquisition [Line Items]
Other intangibles assets	12,600
Tirschwell & Loewy Acquisition | Other Intangible Assets
Business Acquisition [Line Items]
Other intangibles assets	$ 800

Restrictions on Cash and Due _2

Restrictions on Cash and Due from Banks (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Cash and due from banks	$ 506,270	$ 404,355
Cash Reserves Required by Banking Regulations
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Cash and due from banks	$ 27,300	$ 114,300

Held to Maturity Debt Securit_3

Held to Maturity Debt Securities - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021USD ($)security	Dec. 31, 2020USD ($)security	Dec. 31, 2019USD ($)	Jan. 01, 2020USD ($)
Schedule of Held-to-maturity Securities [Line Items]
Allowance for credit losses	$ 39,000	$ 78,000	$ 0
Retained earnings	814,533,000	718,090,000
Held to maturity securities at carrying value	414,200,000	416,100,000
Proceeds from maturities, calls and paydowns of held to maturity debt securities	$ 47,637,000	$ 62,051,000	42,696,000
Number of securities in an unrealized loss position | security	53	7
AAA
Schedule of Held-to-maturity Securities [Line Items]
Amount of total portfolio	15.00%
AA
Schedule of Held-to-maturity Securities [Line Items]
Amount of total portfolio	73.00%
A
Schedule of Held-to-maturity Securities [Line Items]
Amount of total portfolio	12.00%
Fitch, A Rating Or Not Rated
Schedule of Held-to-maturity Securities [Line Items]
Amount of total portfolio	1.00%
Held-to-maturity Securities
Schedule of Held-to-maturity Securities [Line Items]
Recognized gain on calls of securities held to maturity portfolio	$ 25,000	$ 81,000	72,000
Recognized loss on calls of securities held to maturity portfolio	0	0	0
Proceeds from maturities, calls and paydowns of held to maturity debt securities	36,000,000	$ 49,300,000	$ 33,900,000
Mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Allowance for credit losses	39,000
Mortgage backed securities, amortized cost	21,000
Mortgage backed securities, fair value	$ 21,000
Accounting Standards Update 2016-13
Schedule of Held-to-maturity Securities [Line Items]
Allowance for credit losses				$ 70,000
Retained earnings				8,300,000
Accounting Standards Update 2016-13, Effect On Debt Securities
Schedule of Held-to-maturity Securities [Line Items]
Retained earnings				$ 52,000

Held to Maturity Debt Securit_4

Held to Maturity Debt Securities - Held to Maturity (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	$ 436,189	$ 451,043
Gross unrealized gains	14,482	21,551
Gross unrealized losses	(962)	(65)
Fair value	449,709	472,529
Agency obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	9,996	7,600
Gross unrealized gains	0	6
Gross unrealized losses	(175)	(5)
Fair value	9,821	7,601
Mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	21	62
Gross unrealized gains	0	2
Gross unrealized losses	0	0
Fair value	21	64
State and municipal obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	415,724	433,655
Gross unrealized gains	14,463	21,442
Gross unrealized losses	(635)	(58)
Fair value	429,552	455,039
Corporate obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	10,448	9,726
Gross unrealized gains	19	101
Gross unrealized losses	(152)	(2)
Fair value	$ 10,315	$ 9,825

Held to Maturity Debt Securit_5

Held to Maturity Debt Securities - Securities Held to Maturity by Contractual Maturity (Detail) $ in Thousands	Dec. 31, 2021USD ($)
Investments, Debt and Equity Securities [Abstract]
Due in one year or less, amortized cost	$ 15,601
Due after one year through five years, amortized cost	152,162
Due after five years through ten years, amortized cost	200,482
Due after ten years, amortized cost	67,923
Amortized cost	436,168
Due in one year or less, fair value	15,698
Due after one year through five years, fair value	155,087
Due after five years through ten years, fair value	209,666
Due after ten years, fair value	69,237
Fair value	$ 449,688

Held to Maturity Debt Securit_6

Held to Maturity Debt Securities - ASU 2016-13 Adoption Impact (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Jan. 01, 2020	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses	$ 39	$ 78		$ 0
Cumulative Effect, Period of Adoption, Adjusted Balance
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses			$ 70
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses			70
Corporate obligations
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses				0
Corporate obligations | Cumulative Effect, Period of Adoption, Adjusted Balance
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses			6
Corporate obligations | Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses			6
Municipal securities
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses				$ 0
Municipal securities | Cumulative Effect, Period of Adoption, Adjusted Balance
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses			64
Municipal securities | Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses			$ 64

Held to Maturity Debt Securit_7

Held to Maturity Debt Securities - Disclosure Regarding Length of Time on Investment Securities with Temporary Impairment (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule of Held-to-maturity Securities [Line Items]
Less than 12 months, fair value	$ 44,820	$ 7,627
Less than 12 months, gross unrealized losses	(798)	(48)
12 months or longer, Fair value	5,022	406
12 months or longer, gross unrealized losses	(164)	(17)
Total, fair value	49,842	8,033
Total, gross unrealized losses	(962)	(65)
Agency obligations
Schedule of Held-to-maturity Securities [Line Items]
Less than 12 months, fair value	9,821	1,995
Less than 12 months, gross unrealized losses	(175)	(5)
12 months or longer, Fair value	0	0
12 months or longer, gross unrealized losses	0	0
Total, fair value	9,821	1,995
Total, gross unrealized losses	(175)	(5)
State and municipal obligations
Schedule of Held-to-maturity Securities [Line Items]
Less than 12 months, fair value	27,350	4,846
Less than 12 months, gross unrealized losses	(471)	(41)
12 months or longer, Fair value	5,022	406
12 months or longer, gross unrealized losses	(164)	(17)
Total, fair value	32,372	5,252
Total, gross unrealized losses	(635)	(58)
Corporate obligations
Schedule of Held-to-maturity Securities [Line Items]
Less than 12 months, fair value	7,649	786
Less than 12 months, gross unrealized losses	(152)	(2)
12 months or longer, Fair value	0	0
12 months or longer, gross unrealized losses	0	0
Total, fair value	7,649	786
Total, gross unrealized losses	$ (152)	$ (2)

Held to Maturity Debt Securit_8

Held to Maturity Debt Securities - Amortized Cost of held to Maturity Debt Securities by Year of Originations and Credit Rating (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	$ 436,189	$ 451,043
Agency obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	9,996	7,600
Mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	21	62
State and municipal obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	415,724	433,655
Corporate obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	10,448	9,726
AAA
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	65,110	65,492
AAA | Agency obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	9,996	7,600
AAA | Mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	21	62
AAA | State and municipal obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	54,583	57,830
AAA | Corporate obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	510	0
AA
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	317,030	314,410
AA | Agency obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	0	0
AA | Mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	0	0
AA | State and municipal obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	314,396	311,155
AA | Corporate obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	2,634	3,255
A
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	51,671	59,748
A | Agency obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	0	0
A | Mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	0	0
A | State and municipal obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	44,392	53,302
A | Corporate obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	7,279	6,446
BBB
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	945	1,115
BBB | Agency obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	0	0
BBB | Mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	0	0
BBB | State and municipal obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	945	1,115
BBB | Corporate obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	0	0
Not Rated
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	1,433	10,278
Not Rated | Agency obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	0	0
Not Rated | Mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	0	0
Not Rated | State and municipal obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	1,408	10,253
Not Rated | Corporate obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	$ 25	$ 25

Available for Sale Debt Secur_3

Available for Sale Debt Securities - Securities Available for Sale (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Amortized cost	$ 2,058,135	$ 1,073,570
Gross unrealized gains	17,619	32,890
Gross unrealized losses	(17,903)	(971)
Available for sale debt securities, at fair value	2,057,851	1,105,489
U.S. Treasury obligations
Debt Securities, Available-for-sale [Line Items]
Amortized cost	196,897
Gross unrealized gains	298
Gross unrealized losses	(866)
Available for sale debt securities, at fair value	196,329
Agency obligations
Debt Securities, Available-for-sale [Line Items]
Amortized cost		1,001
Gross unrealized gains		8
Gross unrealized losses		0
Available for sale debt securities, at fair value		1,009
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized cost	1,711,312	910,393
Gross unrealized gains	14,082	28,872
Gross unrealized losses	(16,563)	(852)
Available for sale debt securities, at fair value	1,708,831	938,413
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized cost	45,115	52,295
Gross unrealized gains	1,687	1,535
Gross unrealized losses	(5)	0
Available for sale debt securities, at fair value	46,797	53,830
State and municipal obligations
Debt Securities, Available-for-sale [Line Items]
Amortized cost	68,702	69,687
Gross unrealized gains	1,127	1,666
Gross unrealized losses	(122)	(95)
Available for sale debt securities, at fair value	69,707	71,258
Corporate obligations
Debt Securities, Available-for-sale [Line Items]
Amortized cost	36,109	40,194
Gross unrealized gains	425	809
Gross unrealized losses	(347)	(24)
Available for sale debt securities, at fair value	$ 36,187	$ 40,979

Available for Sale Debt Secur_4

Available for Sale Debt Securities - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021USD ($)security	Dec. 31, 2020USD ($)security
Debt Securities, Available-for-sale [Line Items]
Securities available for sale at carrying value	$ 1,560,000,000	$ 618,000,000
Debt securities, available for sale, without single maturity date, amortized cost	1,760,000,000
Debt securities, available for sale, without single maturity date, fair value	1,760,000,000
Gain recognized on sale of securities	230,000	0
Loss recognized on sale of securities	0	0
Proceeds from sale of securities	$ 9,400,000	$ 13,900,000
Number of securities in an unrealized loss position | security	113	42
Amortized cost	$ 2,058,135,000	$ 1,073,570,000
Private Label Mortgage-Backed Securities
Debt Securities, Available-for-sale [Line Items]
Number of securities in an unrealized loss position | security	2
Amortized cost	$ 2,100,000
Unrealized losses	$ 105,700

Available for Sale Debt Secur_5

Available for Sale Debt Securities - Securities Available for Sale by Contractual Maturity (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Due after one year through five years, amortized cost	$ 102,612
Due after five years through ten years, amortized cost	130,827
Due after ten years, amortized cost	65,272
Amortized cost	301,708
Due after one year through five years, fair value	102,039
Due after five years through ten years, fair value	130,932
Due after ten years, fair value	66,230
Fair value	$ 302,223
Available-for-sale Securities
Debt Securities, Available-for-sale [Line Items]
Due in one year or less, amortized cost		$ 2,997
Due in one year or less, fair value		$ 3,022

Available for Sale Debt Secur_6

Available for Sale Debt Securities - Disclosure on Securities Available for Sale with Temporary Impairment (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	$ 1,277,160	$ 132,875
Less than 12 months, gross unrealized losses	(16,516)	(919)
12 months or longer, fair value	33,850	10,007
12 months or longer, gross unrealized losses	(1,387)	(52)
Total, fair value	1,311,010	142,882
Total, gross unrealized losses	(17,903)	(971)
U.S. Treasury obligations
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	98,621
Less than 12 months, gross unrealized losses	(866)
12 months or longer, fair value	0
12 months or longer, gross unrealized losses	0
Total, fair value	98,621
Total, gross unrealized losses	(866)
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	1,147,403	127,600
Less than 12 months, gross unrealized losses	(15,176)	(824)
12 months or longer, fair value	33,850	8,007
12 months or longer, gross unrealized losses	(1,387)	(28)
Total, fair value	1,181,253	135,607
Total, gross unrealized losses	(16,563)	(852)
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	1,930
Less than 12 months, gross unrealized losses	(5)
12 months or longer, fair value	0
12 months or longer, gross unrealized losses	0
Total, fair value	1,930
Total, gross unrealized losses	(5)
State and municipal obligations
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	10,732		$ 5,275
Less than 12 months, gross unrealized losses	(122)		(95)
12 months or longer, fair value	0		0
12 months or longer, gross unrealized losses	0		0
Total, fair value	10,732		5,275
Total, gross unrealized losses	(122)		$ (95)
Corporate obligations
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	18,474	0
Less than 12 months, gross unrealized losses	(347)	0
12 months or longer, fair value	0	2,000
12 months or longer, gross unrealized losses	0	(24)
Total, fair value	18,474	2,000
Total, gross unrealized losses	$ (347)	$ (24)

Loans Receivable and Allowanc_3

Loans Receivable and Allowance for Loan Losses - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021USD ($)loancounterpartyborrower	Dec. 31, 2020USD ($)loanborrower	Dec. 31, 2019USD ($)	Mar. 31, 2021USD ($)	Jan. 01, 2020USD ($)	Dec. 31, 2018USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Allowance for credit losses	$ 80,740,000	$ 101,466,000	$ 55,525,000			$ 55,562,000
Retained earnings	814,533,000	718,090,000
Total gross loans	9,581,624,000	9,822,890,000
Decreased interest income	604,000	1,000,000	845,000
Principal amount of nonaccrual loans	$ 48,000,000	$ 87,100,000
Number of loans 90 days past due and still accruing | loan	0	0
Increase in interest income	$ 1,200,000	$ 3,200,000	1,700,000
Interest income, cash basis	1,265,000	$ 1,875,000	2,100,000
Impaired loan defined floor limit (greater than)	$ 1,000,000
Impaired loans number | loan	155	169
Impaired loans	$ 52,254,000	$ 86,046,000
Number of troubled debt restructurings | loan	132	135
TDRs	$ 30,600,000	$ 39,600,000
Collateral-dependent impaired loans	18,200,000	26,300,000
Provision (benefit) charge for credit losses	24,339,000	(29,719,000)	(13,100,000)
Charge off impaired loan	3,800,000	7,300,000
Related Allowance	$ 4,284,000	$ 8,974,000
Weighted average modified interest rate	4.12%	5.43%
Yield percentage rate	5.74%	5.44%
Number of payment defaults for loans modified as TDRs | loan	0	0
PCI loans prior to CECL			746,000
Impaired financing receivable with no related allowance	$ 34,200,000	$ 43,700,000
Average balances of impaired loans	53,352,000	66,763,000
Loan commitments	2,050,000,000	1,990,000,000
Undisbursed home equity and personal credit lines	$ 252,400,000	$ 241,200,000
Number of PPP loans | counterparty	2,067
Paycheck protection program	$ 682,000,000
Number of loans forgiven | loan	1,823
Paycheck protection program, amount forgiven	$ 587,000,000
Paycheck protection program, amount outstanding	$ 94,900,000
Performing Financial Instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of troubled debt restructurings | loan	115	112
Number of borrowers | borrower	111	110
TDRs	$ 21,900,000	$ 23,100,000
Impaired Loans Troubled Debt Restructurings
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Related Allowance	$ 80,000	$ 362,000
Non Accrual
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans number | loan	40	55
Impaired loans	$ 30,300,000	$ 61,400,000
Consumer Loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral-dependent impaired loans	3,500
Commercial Loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral-dependent impaired loans	16,700,000
Residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral-dependent impaired loans	1,600,000
Commercial loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Allowance for credit losses	26,343,000	27,084,000	$ 28,263,000
Interest income, cash basis	290,000	357,000
Impaired loans	16,420,000	35,832,000
Related Allowance	3,358,000	4,715,000
Average balances of impaired loans	$ 16,018,000	$ 31,411,000
Commercial loans | SB One Bancorp
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total gross loans				$ 101,700,000
Accounting Standards Update 2016-13
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Allowance for credit losses					$ 7,900,000
Retained earnings					8,300,000
Accounting Standards Update 2016-13, Effect On Loans Receivable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Retained earnings					$ 5,900,000

Loans Receivable and Allowanc_4

Loans Receivable and Allowance for Loan Losses - Schedule of Summarized Loans Receivable (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	$ 9,593,879	$ 9,839,858
Premiums on purchased loans	1,451	1,566
Unearned discounts	(6)	(12)
Net deferred fees	(13,700)	(18,522)
Loans	9,581,624	9,822,890
Mortgage Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	7,077,571	6,779,822
Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	2,188,866	2,567,470
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	327,442	492,566
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	1,202,638	1,294,702
Residential | Mortgage Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	1,202,638	1,294,702
Loans	9,581,624	9,822,890
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	3,827,370	3,458,666
Commercial | Mortgage Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	3,827,370	3,458,666
Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	1,364,397	1,484,515
Multi-family | Mortgage Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	1,364,397	1,484,515
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	683,166	541,939
Construction | Mortgage Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	$ 683,166	$ 541,939

Loans Receivable and Allowanc_5

Loans Receivable and Allowance for Loan Losses - Summary of Aging Loans Receivable by Portfolio Segment and Class (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	$ 9,593,879	$ 9,839,858
Non-accrual	48,027	87,090
90 days or more past due and accruing	0	0
Total  Past Due	70,462	125,100
Non-accrual loans with no related allowance	41,898	49,013
Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	1,202,638	1,294,702
Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	3,827,370	3,458,666
Multi-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	1,364,397	1,484,515
Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	683,166	541,939
30-59  Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	15,827	22,762
60-89  Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	6,608	15,248
Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	9,523,417	9,714,758
Mortgage Portfolio Segment
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	7,077,571	6,779,822
Non-accrual	25,763	42,689
90 days or more past due and accruing	0	0
Total  Past Due	38,803	68,995
Non-accrual loans with no related allowance	25,763	31,189
Mortgage Portfolio Segment | Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	1,202,638	1,294,702
Non-accrual	6,072	9,315
90 days or more past due and accruing	0	0
Total  Past Due	14,432	33,956
Non-accrual loans with no related allowance	6,072	9,315
Mortgage Portfolio Segment | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	3,827,370	3,458,666
Non-accrual	16,887	31,982
90 days or more past due and accruing	0	0
Total  Past Due	21,567	32,856
Non-accrual loans with no related allowance	16,887	20,482
Mortgage Portfolio Segment | Multi-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	1,364,397	1,484,515
Non-accrual	439	0
90 days or more past due and accruing	0	0
Total  Past Due	439	791
Non-accrual loans with no related allowance	439	0
Mortgage Portfolio Segment | Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	683,166	541,939
Non-accrual	2,365	1,392
90 days or more past due and accruing	0	0
Total  Past Due	2,365	1,392
Non-accrual loans with no related allowance	2,365	1,392
Mortgage Portfolio Segment | 30-59  Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	7,949	16,756
Mortgage Portfolio Segment | 30-59  Days | Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	7,229	15,789
Mortgage Portfolio Segment | 30-59  Days | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	720	761
Mortgage Portfolio Segment | 30-59  Days | Multi-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	0	206
Mortgage Portfolio Segment | 30-59  Days | Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	0	0
Mortgage Portfolio Segment | 60-89  Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	5,091	9,550
Mortgage Portfolio Segment | 60-89  Days | Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	1,131	8,852
Mortgage Portfolio Segment | 60-89  Days | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	3,960	113
Mortgage Portfolio Segment | 60-89  Days | Multi-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	0	585
Mortgage Portfolio Segment | 60-89  Days | Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	0	0
Mortgage Portfolio Segment | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	7,038,768	6,710,827
Mortgage Portfolio Segment | Current | Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	1,188,206	1,260,746
Mortgage Portfolio Segment | Current | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	3,805,803	3,425,810
Mortgage Portfolio Segment | Current | Multi-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	1,363,958	1,483,724
Mortgage Portfolio Segment | Current | Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	680,801	540,547
Commercial loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	2,188,866	2,567,470
Non-accrual	20,582	42,118
90 days or more past due and accruing	0	0
Total  Past Due	29,100	44,955
Non-accrual loans with no related allowance	14,453	15,541
Commercial loans | 30-59  Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	7,229	1,658
Commercial loans | 60-89  Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	1,289	1,179
Commercial loans | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	2,159,766	2,522,515
Consumer loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	327,442	492,566
Non-accrual	1,682	2,283
90 days or more past due and accruing	0	0
Total  Past Due	2,559	11,150
Non-accrual loans with no related allowance	1,682	2,283
Consumer loans | 30-59  Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	649	4,348
Consumer loans | 60-89  Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	228	4,519
Consumer loans | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	$ 324,883	$ 481,416

Loans Receivable and Allowanc_6

Loans Receivable and Allowance for Loan Losses - Schedule of Allowance for Loan Losses by Portfolio Segment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	$ 101,466	$ 55,525	$ 55,562
Provision charged to operations	(24,300)	29,712	13,100
Increase due to the initial adoption of CECL	0	7,920	0
Initial allowance related to PCD loans	0	13,586	0
Recoveries of loans previously charged off	9,030	2,636	1,895
Loans charged off	(5,456)	(7,913)	(15,032)
Balance at end of period	80,740	101,466	55,525
Mortgage loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	68,307	25,511
Provision charged to operations	(13,720)	18,945
Increase due to the initial adoption of CECL		14,188
Initial allowance related to PCD loans		11,984
Recoveries of loans previously charged off	859	396
Loans charged off	(3,342)	(2,717)
Balance at end of period	52,104	68,307	25,511
Commercial loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	27,084	28,263
Provision charged to operations	(6,313)	10,199
Increase due to the initial adoption of CECL		(9,974)
Initial allowance related to PCD loans		1,582
Recoveries of loans previously charged off	7,169	1,776
Loans charged off	(1,597)	(4,762)
Balance at end of period	26,343	27,084	28,263
Consumer loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	6,075	1,751
Provision charged to operations	(4,267)	568
Increase due to the initial adoption of CECL		3,706
Initial allowance related to PCD loans		20
Recoveries of loans previously charged off	1,002	464
Loans charged off	(517)	(434)
Balance at end of period	$ 2,293	$ 6,075	$ 1,751

Loans Receivable and Allowanc_7

Loans Receivable and Allowance for Loan Losses - Impact of ASC 326 Adoption (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Jan. 01, 2020	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses	$ 80,740	$ 101,466		$ 55,525	$ 55,562
Allowance for credit losses				55,525
Mortgage Portfolio
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses				25,511
Mortgage Portfolio | Residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses				3,414
Mortgage Portfolio | Commercial
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses				12,831
Mortgage Portfolio | Multi-family
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses				3,374
Mortgage Portfolio | Construction
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses				5,892
Commercial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses	26,343	27,084		28,263
Allowance for credit losses				28,263
Consumer loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses	$ 2,293	$ 6,075		1,751
Allowance for credit losses				$ 1,751
Cumulative Effect, Period of Adoption, Adjusted Balance
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses			$ 63,445
Cumulative Effect, Period of Adoption, Adjusted Balance | Mortgage Portfolio
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses			39,739
Cumulative Effect, Period of Adoption, Adjusted Balance | Mortgage Portfolio | Residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses			8,950
Cumulative Effect, Period of Adoption, Adjusted Balance | Mortgage Portfolio | Commercial
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses			17,118
Cumulative Effect, Period of Adoption, Adjusted Balance | Mortgage Portfolio | Multi-family
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses			9,519
Cumulative Effect, Period of Adoption, Adjusted Balance | Mortgage Portfolio | Construction
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses			4,152
Cumulative Effect, Period of Adoption, Adjusted Balance | Commercial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses			18,254
Cumulative Effect, Period of Adoption, Adjusted Balance | Consumer loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses			5,452
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses			7,920
Cumulative Effect, Period of Adoption, Adjustment | Mortgage Portfolio
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses			14,228
Cumulative Effect, Period of Adoption, Adjustment | Mortgage Portfolio | Residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses			5,536
Cumulative Effect, Period of Adoption, Adjustment | Mortgage Portfolio | Commercial
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses			4,287
Cumulative Effect, Period of Adoption, Adjustment | Mortgage Portfolio | Multi-family
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses			6,145
Cumulative Effect, Period of Adoption, Adjustment | Mortgage Portfolio | Construction
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses			(1,740)
Cumulative Effect, Period of Adoption, Adjustment | Commercial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses			(10,009)
Cumulative Effect, Period of Adoption, Adjustment | Consumer loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses			$ 3,701

Loans Receivable and Allowanc_8

Loans Receivable and Allowance for Loan Losses - Summary of Loans Receivable by Portfolio Segment and Impairment Method (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	$ 52,254	$ 86,046
Collectively evaluated for impairment	9,541,625	9,753,812
Total gross loans	9,593,879	9,839,858
Mortgage loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	34,610	48,783
Collectively evaluated for impairment	7,042,961	6,731,039
Total gross loans	7,077,571	6,779,822
Commercial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	16,420	35,832
Collectively evaluated for impairment	2,172,446	2,531,638
Total gross loans	2,188,866	2,567,470
Consumer loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	1,224	1,431
Collectively evaluated for impairment	326,218	491,135
Total gross loans	$ 327,442	$ 492,566

Loans Receivable and Allowanc_9

Loans Receivable and Allowance for Loan Losses - Summary of Allowance for Loan Losses by Portfolio Segment and Impairment Classification (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	$ 4,284	$ 8,974
Collectively evaluated for impairment	76,456	92,492
Total allowance for credit losses	80,740	101,466	$ 55,525	$ 55,562
Mortgage loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	875	4,220
Collectively evaluated for impairment	51,229	64,087
Total allowance for credit losses	52,104	68,307	25,511
Commercial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	3,358	4,715
Collectively evaluated for impairment	22,985	22,369
Total allowance for credit losses	26,343	27,084	28,263
Consumer loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	51	39
Collectively evaluated for impairment	2,242	6,036
Total allowance for credit losses	$ 2,293	$ 6,075	$ 1,751

Loans Receivable and Allowan_10

Loans Receivable and Allowance for Loan Losses - Schedule of Troubled Debt Restructurings (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)loan	Dec. 31, 2020USD ($)loan
Financing Receivable, Recorded Investment [Line Items]
Number of Loans | loan	14	6
Pre-Modification Outstanding Recorded Investment	$ 7,300	$ 3,149
Post-Modification Outstanding Recorded Investment	$ 6,331	$ 3,006
Mortgage loans
Financing Receivable, Recorded Investment [Line Items]
Number of Loans | loan	10	2
Pre-Modification Outstanding Recorded Investment	$ 4,360	$ 434
Post-Modification Outstanding Recorded Investment	$ 4,044	$ 360
Mortgage loans | Residential
Financing Receivable, Recorded Investment [Line Items]
Number of Loans | loan	7	2
Pre-Modification Outstanding Recorded Investment	$ 1,274	$ 434
Post-Modification Outstanding Recorded Investment	$ 1,142	$ 360
Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Number of Loans | loan	4	4
Pre-Modification Outstanding Recorded Investment	$ 2,940	$ 2,715
Post-Modification Outstanding Recorded Investment	$ 2,287	$ 2,646
Commercial loans | Commercial
Financing Receivable, Recorded Investment [Line Items]
Number of Loans | loan	3
Pre-Modification Outstanding Recorded Investment	$ 3,086
Post-Modification Outstanding Recorded Investment	$ 2,902

Loans Receivable and Allowan_11

Loans Receivable and Allowance for Loan Losses - Summary of PCD Loans (Details) - USD ($) $ in Thousands	Jul. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses on PCD loans		$ 2,800	$ 13,100
Net PCD loans		$ 246,900	$ 296,600
SB One Bancorp
Financing Receivable, Allowance for Credit Losses [Line Items]
Gross amortized cost basis at July 31, 2020	$ 315,784
Interest component of expected cash flows (accretable difference)	(7,988)
Fair value of acquired loans at July 31, 2020	307,796
Allowance for credit losses on PCD loans	13,586
Net PCD loans	$ 294,210

Loans Receivable and Allowan_12

Loans Receivable and Allowance for Loan Losses - Summary of Impaired Loans Receivable by Class (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Loans with no related allowance
Loans with no related allowance, Unpaid Principal Balance	$ 40,526	$ 48,672
Loans with no related allowance, Recorded Investment	34,194	43,683
Loans with no related allowance, Average Recorded Investment	36,033	40,411
Loans with no related allowance, Interest Income Recognized	664	667
Loans with an allowance recorded
Loans with an allowance recorded, Unpaid Principal Balance	18,754	48,455
Loans with an allowance recorded, Recorded Investment	18,060	42,363
Related Allowance	4,284	8,974
Loans with an allowance recorded, Average Recorded Investment	17,319	26,352
Loans with an allowance recorded, Interest Income Recognized	601	1,208
Total
Unpaid Principal Balance	59,280	97,127
Recorded Investment	52,254	86,046
Related Allowance	4,284	8,974
Average Recorded Investment	53,352	66,763
Interest Income Recognized	1,265	1,875	$ 2,100
Mortgage loans
Loans with no related allowance
Loans with no related allowance, Unpaid Principal Balance	29,292	31,395
Loans with no related allowance, Recorded Investment	26,087	28,794
Loans with no related allowance, Average Recorded Investment	26,706	27,613
Loans with no related allowance, Interest Income Recognized	516	571
Loans with an allowance recorded
Loans with an allowance recorded, Unpaid Principal Balance	8,865	22,943
Loans with an allowance recorded, Recorded Investment	8,523	19,989
Related Allowance	875	4,220
Loans with an allowance recorded, Average Recorded Investment	8,636	7,727
Loans with an allowance recorded, Interest Income Recognized	326	877
Total
Unpaid Principal Balance	38,157	54,338
Recorded Investment	34,610	48,783
Related Allowance	875	4,220
Average Recorded Investment	35,342	35,340
Interest Income Recognized	842	1,448
Mortgage loans | Residential
Loans with no related allowance
Loans with no related allowance, Unpaid Principal Balance	12,326	13,981
Loans with no related allowance, Recorded Investment	9,814	11,380
Loans with no related allowance, Average Recorded Investment	9,999	11,587
Loans with no related allowance, Interest Income Recognized	423	511
Loans with an allowance recorded
Loans with an allowance recorded, Unpaid Principal Balance	7,994	7,950
Loans with an allowance recorded, Recorded Investment	7,652	7,506
Related Allowance	858	806
Loans with an allowance recorded, Average Recorded Investment	7,742	7,604
Loans with an allowance recorded, Interest Income Recognized	278	307
Total
Unpaid Principal Balance	20,320	21,931
Recorded Investment	17,466	18,886
Related Allowance	858	806
Average Recorded Investment	17,741	19,191
Interest Income Recognized	701	818
Mortgage loans | Commercial
Loans with no related allowance
Loans with no related allowance, Unpaid Principal Balance	15,310	17,414
Loans with no related allowance, Recorded Investment	14,685	17,414
Loans with no related allowance, Average Recorded Investment	15,064	16,026
Loans with no related allowance, Interest Income Recognized	63	60
Loans with an allowance recorded
Loans with an allowance recorded, Unpaid Principal Balance	871	14,993
Loans with an allowance recorded, Recorded Investment	871	12,483
Related Allowance	17	3,414
Loans with an allowance recorded, Average Recorded Investment	894	123
Loans with an allowance recorded, Interest Income Recognized	48	570
Total
Unpaid Principal Balance	16,181	32,407
Recorded Investment	15,556	29,897
Related Allowance	17	3,414
Average Recorded Investment	15,958	16,149
Interest Income Recognized	111	630
Mortgage loans | Multi-family
Loans with no related allowance
Loans with no related allowance, Unpaid Principal Balance	0	0
Loans with no related allowance, Recorded Investment	0	0
Loans with no related allowance, Average Recorded Investment	0	0
Loans with no related allowance, Interest Income Recognized	0	0
Loans with an allowance recorded
Loans with an allowance recorded, Unpaid Principal Balance	0	0
Loans with an allowance recorded, Recorded Investment	0	0
Related Allowance	0	0
Loans with an allowance recorded, Average Recorded Investment	0	0
Loans with an allowance recorded, Interest Income Recognized	0	0
Total
Unpaid Principal Balance	0	0
Recorded Investment	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Interest Income Recognized	0	0
Mortgage loans | Construction
Loans with no related allowance
Loans with no related allowance, Unpaid Principal Balance	1,656	0
Loans with no related allowance, Recorded Investment	1,588	0
Loans with no related allowance, Average Recorded Investment	1,643	0
Loans with no related allowance, Interest Income Recognized	30	0
Loans with an allowance recorded
Loans with an allowance recorded, Unpaid Principal Balance	0	0
Loans with an allowance recorded, Recorded Investment	0	0
Related Allowance	0	0
Loans with an allowance recorded, Average Recorded Investment	0	0
Loans with an allowance recorded, Interest Income Recognized	0	0
Total
Unpaid Principal Balance	1,656	0
Recorded Investment	1,588	0
Related Allowance	0	0
Average Recorded Investment	1,643	0
Interest Income Recognized	30	0
Commercial loans
Loans with no related allowance
Loans with no related allowance, Unpaid Principal Balance	9,845	15,895
Loans with no related allowance, Recorded Investment	7,254	14,009
Loans with no related allowance, Average Recorded Investment	7,714	12,791
Loans with no related allowance, Interest Income Recognized	33	46
Loans with an allowance recorded
Loans with an allowance recorded, Unpaid Principal Balance	9,498	24,947
Loans with an allowance recorded, Recorded Investment	9,166	21,823
Related Allowance	3,358	4,715
Loans with an allowance recorded, Average Recorded Investment	8,304	18,620
Loans with an allowance recorded, Interest Income Recognized	257	311
Total
Unpaid Principal Balance	19,343	40,842
Recorded Investment	16,420	35,832
Related Allowance	3,358	4,715
Average Recorded Investment	16,018	31,411
Interest Income Recognized	290	357
Consumer loans
Loans with no related allowance
Loans with no related allowance, Unpaid Principal Balance	1,389	1,382
Loans with no related allowance, Recorded Investment	853	880
Loans with no related allowance, Average Recorded Investment	1,613	7
Loans with no related allowance, Interest Income Recognized	115	50
Loans with an allowance recorded
Loans with an allowance recorded, Unpaid Principal Balance	391	565
Loans with an allowance recorded, Recorded Investment	371	551
Related Allowance	51	39
Loans with an allowance recorded, Average Recorded Investment	379	5
Loans with an allowance recorded, Interest Income Recognized	18	20
Total
Unpaid Principal Balance	1,780	1,947
Recorded Investment	1,224	1,431
Related Allowance	51	39
Average Recorded Investment	1,992	12
Interest Income Recognized	$ 133	$ 70

Loans Receivable and Allowan_13

Loans Receivable and Allowance for Loan Losses - Summary of Loans Receivable by Credit Quality Risk Rating Indicator (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
2021	$ 1,654,769	$ 1,959,045
2020	1,541,098	1,490,727
2019	1,329,195	1,155,196
2018	878,030	1,065,179
2017	850,574	796,248
Prior to 2017	2,638,782	2,625,267
Revolving Loans	602,877	647,390
Revolving loans to term loans	98,554	100,806
Total gross loans	9,593,879	9,839,858
Total classified and criticized
Financing Receivable, Credit Quality Indicator [Line Items]
2021	1,232	2,180
2020	7,586	63,409
2019	37,057	79,404
2018	68,440	93,346
2017	51,092	74,322
Prior to 2017	178,235	242,814
Revolving Loans	23,935	42,076
Revolving loans to term loans	4,070	8,410
Total gross loans	371,647	605,960
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2021	1,232	1,991
2020	6,411	50,756
2019	31,522	67,198
2018	25,559	53,276
2017	37,825	18,529
Prior to 2017	68,044	119,705
Revolving Loans	9,508	24,049
Revolving loans to term loans	2,249	5,113
Total gross loans	182,350	340,617
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	189
2020	1,175	12,653
2019	5,535	12,206
2018	42,881	40,070
2017	13,267	55,793
Prior to 2017	110,191	123,109
Revolving Loans	14,427	17,975
Revolving loans to term loans	1,821	3,296
Total gross loans	189,297	265,291
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior to 2017	0	0
Revolving Loans	0	52
Revolving loans to term loans	0	0
Total gross loans	0	52
Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior to 2017	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	0	0
Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2021	1,653,537	1,956,865
2020	1,533,512	1,427,318
2019	1,292,138	1,075,792
2018	809,590	971,833
2017	799,482	721,926
Prior to 2017	2,460,547	2,382,453
Revolving Loans	578,942	605,314
Revolving loans to term loans	94,484	92,396
Total gross loans	9,222,232	9,233,898
Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2021	229,106	272,022
2020	235,949	155,492
2019	113,206	95,257
2018	67,773	104,164
2017	76,769	121,870
Prior to 2017	479,835	545,897
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	1,202,638	1,294,702
Residential | Total classified and criticized
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	164
2020	0	3,375
2019	0	1,669
2018	280	2,221
2017	863	2,307
Prior to 2017	9,003	19,798
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	10,146	29,534
Residential | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	697	123
Prior to 2017	434	2,759
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	1,131	2,882
Residential | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	164
2020	0	3,375
2019	0	1,669
2018	280	2,221
2017	166	2,184
Prior to 2017	8,569	17,039
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	9,015	26,652
Residential | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior to 2017	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	0	0
Residential | Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior to 2017	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	0	0
Residential | Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2021	229,106	271,858
2020	235,949	152,117
2019	113,206	93,588
2018	67,493	101,943
2017	75,906	119,563
Prior to 2017	470,832	526,099
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	1,192,492	1,265,168
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	655,105	596,364
2020	602,654	632,077
2019	618,302	432,413
2018	355,221	476,523
2017	447,956	315,260
Prior to 2017	1,013,770	906,212
Revolving Loans	103,511	68,650
Revolving loans to term loans	30,851	31,167
Total gross loans	3,827,370	3,458,666
Commercial | Total classified and criticized
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	2,624	31,173
2019	28,724	37,133
2018	56,556	43,933
2017	17,009	13,226
Prior to 2017	61,024	96,433
Revolving Loans	1,893	0
Revolving loans to term loans	0	1,045
Total gross loans	167,830	222,943
Commercial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	2,624	29,268
2019	28,706	33,446
2018	22,296	22,838
2017	9,657	3,041
Prior to 2017	26,668	34,992
Revolving Loans	1,094	0
Revolving loans to term loans	0	1,045
Total gross loans	91,045	124,630
Commercial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	1,905
2019	18	3,687
2018	34,260	21,095
2017	7,352	10,185
Prior to 2017	34,356	61,441
Revolving Loans	799	0
Revolving loans to term loans	0	0
Total gross loans	76,785	98,313
Commercial | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior to 2017	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	0	0
Commercial | Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior to 2017	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	0	0
Commercial | Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2021	655,105	596,364
2020	600,030	600,904
2019	589,578	395,280
2018	298,665	432,590
2017	430,947	302,034
Prior to 2017	952,746	809,779
Revolving Loans	101,618	68,650
Revolving loans to term loans	30,851	30,122
Total gross loans	3,659,540	3,235,723
Multi-family
Financing Receivable, Credit Quality Indicator [Line Items]
2021	154,419	291,995
2020	295,155	180,953
2019	166,558	207,717
2018	173,583	172,427
2017	120,707	136,855
Prior to 2017	449,926	488,517
Revolving Loans	2,880	3,418
Revolving loans to term loans	1,169	2,633
Total gross loans	1,364,397	1,484,515
Multi-family | Total classified and criticized
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	439	682
2019	0	19,837
2018	0	3,117
2017	3,053	5,558
Prior to 2017	1,216	1,868
Revolving Loans	0	0
Revolving loans to term loans	0	288
Total gross loans	4,708	31,350
Multi-family | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	682
2019	0	19,837
2018	0	3,117
2017	3,053	5,558
Prior to 2017	271	300
Revolving Loans	0	0
Revolving loans to term loans	0	288
Total gross loans	3,324	29,782
Multi-family | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	439	0
2019	0	0
2018		0
2017	0	0
Prior to 2017	945	1,568
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	1,384	1,568
Multi-family | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior to 2017	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	0	0
Multi-family | Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior to 2017	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	0	0
Multi-family | Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2021	154,419	291,995
2020	294,716	180,271
2019	166,558	187,880
2018	173,583	169,310
2017	117,654	131,297
Prior to 2017	448,710	486,649
Revolving Loans	2,880	3,418
Revolving loans to term loans	1,169	2,346
Total gross loans	1,359,689	1,453,165
Construction
Financing Receivable, Credit Quality Indicator [Line Items]
2021	173,843	90,768
2020	177,307	250,529
2019	219,331	150,376
2018	96,728	43,839
2017	9,604	1,568
Prior to 2017	103	512
Revolving Loans	0	0
Revolving loans to term loans	6,250	4,347
Total gross loans	683,166	541,939
Construction | Total classified and criticized
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	1,991
2020	1,125	14,508
2019	0	12,186
2018	2,365	615
2017	0	0
Prior to 2017	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	3,490	29,300
Construction | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	1,991
2020	1,125	14,508
2019	0	7,877
2018	0	0
2017	0	0
Prior to 2017	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	1,125	24,376
Construction | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	0
2019	0	4,309
2018	2,365	615
2017	0	0
Prior to 2017	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	2,365	4,924
Construction | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior to 2017	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	0	0
Construction | Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior to 2017	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	0	0
Construction | Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2021	173,843	88,777
2020	176,182	236,021
2019	219,331	138,190
2018	94,363	43,224
2017	9,604	1,568
Prior to 2017	103	512
Revolving Loans		0
Revolving loans to term loans	6,250	4,347
Total gross loans	679,676	512,639
Mortgage Portfolio Segment
Financing Receivable, Credit Quality Indicator [Line Items]
2021	1,212,473	1,251,149
2020	1,311,065	1,219,051
2019	1,117,397	885,763
2018	693,305	796,953
2017	655,036	575,553
Prior to 2017	1,943,634	1,941,138
Revolving Loans	106,391	72,067
Revolving loans to term loans	38,270	38,148
Total gross loans	7,077,571	6,779,822
Mortgage Portfolio Segment | Total classified and criticized
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	2,155
2020	4,188	49,738
2019	28,724	70,825
2018	59,201	49,886
2017	20,925	21,091
Prior to 2017	71,243	118,099
Revolving Loans	1,893	0
Revolving loans to term loans	0	1,333
Total gross loans	186,174	313,127
Mortgage Portfolio Segment | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	1,991
2020	3,749	44,458
2019	28,706	61,160
2018	22,296	25,955
2017	13,407	8,722
Prior to 2017	27,373	38,051
Revolving Loans	1,094	0
Revolving loans to term loans	0	1,333
Total gross loans	96,625	181,670
Mortgage Portfolio Segment | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	164
2020	439	5,280
2019	18	9,665
2018	36,905	23,931
2017	7,518	12,369
Prior to 2017	43,870	80,048
Revolving Loans	799	0
Revolving loans to term loans	0	0
Total gross loans	89,549	131,457
Mortgage Portfolio Segment | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior to 2017	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	0	0
Mortgage Portfolio Segment | Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior to 2017	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	0	0
Mortgage Portfolio Segment | Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2021	1,212,473	1,248,994
2020	1,306,877	1,169,313
2019	1,088,673	814,938
2018	634,104	747,067
2017	634,111	554,462
Prior to 2017	1,872,391	1,823,039
Revolving Loans	104,498	72,067
Revolving loans to term loans	38,270	36,815
Total gross loans	6,891,397	6,466,695
Mortgage Portfolio Segment | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans	1,202,638	1,294,702
Mortgage Portfolio Segment | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans	3,827,370	3,458,666
Mortgage Portfolio Segment | Multi-family
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans	1,364,397	1,484,515
Mortgage Portfolio Segment | Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans	683,166	541,939
Commercial loans
Financing Receivable, Credit Quality Indicator [Line Items]
2021	417,156	695,125
2020	225,530	221,019
2019	187,526	214,457
2018	163,563	222,458
2017	179,732	192,216
Prior to 2017	594,419	538,915
Revolving Loans	377,108	436,944
Revolving loans to term loans	43,832	46,335
Total gross loans	2,188,866	2,567,470
Commercial loans | Total classified and criticized
Financing Receivable, Credit Quality Indicator [Line Items]
2021	1,232	0
2020	3,398	13,619
2019	8,333	8,565
2018	9,123	43,390
2017	30,165	50,291
Prior to 2017	105,368	123,186
Revolving Loans	22,011	39,536
Revolving loans to term loans	3,976	5,635
Total gross loans	183,606	284,222
Commercial loans | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2021	1,232	0
2020	2,662	6,295
2019	2,816	6,038
2018	3,263	27,251
2017	24,418	9,779
Prior to 2017	40,561	81,355
Revolving Loans	8,389	22,745
Revolving loans to term loans	2,155	3,617
Total gross loans	85,496	157,080
Commercial loans | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	736	7,324
2019	5,517	2,527
2018	5,860	16,139
2017	5,747	40,512
Prior to 2017	64,807	41,831
Revolving Loans	13,622	16,738
Revolving loans to term loans	1,821	2,018
Total gross loans	98,110	127,090
Commercial loans | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior to 2017	0	0
Revolving Loans	0	52
Revolving loans to term loans	0	0
Total gross loans	0	52
Commercial loans | Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior to 2017	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	0	0
Commercial loans | Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2021	415,924	695,125
2020	222,132	207,400
2019	179,193	205,892
2018	154,440	179,068
2017	149,567	141,925
Prior to 2017	489,051	415,729
Revolving Loans	355,097	397,408
Revolving loans to term loans	39,856	40,700
Total gross loans	2,005,260	2,283,247
Consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
2021	25,140	12,771
2020	4,503	50,657
2019	24,272	54,976
2018	21,162	45,768
2017	15,806	28,479
Prior to 2017	100,729	145,214
Revolving Loans	119,378	138,378
Revolving loans to term loans	16,452	16,323
Total gross loans	327,442	492,566
Consumer loans | Total classified and criticized
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	25
2020	0	52
2019	0	14
2018	116	70
2017	2	2,940
Prior to 2017	1,623	1,529
Revolving Loans	31	2,540
Revolving loans to term loans	94	1,441
Total gross loans	1,866	8,611
Consumer loans | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	3
2019	0	0
2018	0	70
2017	0	28
Prior to 2017	109	299
Revolving Loans	25	1,304
Revolving loans to term loans	94	163
Total gross loans	228	1,867
Consumer loans | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	25
2020	0	49
2019	0	14
2018	116	0
2017	2	2,912
Prior to 2017	1,514	1,230
Revolving Loans	6	1,236
Revolving loans to term loans	0	1,278
Total gross loans	1,638	6,744
Consumer loans | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior to 2017	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	0	0
Consumer loans | Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior to 2017	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total gross loans	0	0
Consumer loans | Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2021	25,140	12,746
2020	4,503	50,605
2019	24,272	54,962
2018	21,046	45,698
2017	15,804	25,539
Prior to 2017	99,106	143,685
Revolving Loans	119,347	135,839
Revolving loans to term loans	16,358	14,881
Total gross loans	$ 325,576	$ 483,955

Banking Premises and Equipmen_2

Banking Premises and Equipment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Land	$ 14,474	$ 13,631
Banking premises	75,143	72,362
Furniture, fixtures and equipment	54,860	52,128
Leasehold improvements	47,379	37,756
Construction in progress	4,775	9,669
Banking premises and equipment, gross	196,631	185,546
Less accumulated depreciation and amortization	116,072	109,600
Banking premises and equipment, net	80,559	75,946
Depreciation expense	$ 9,000	$ 7,600	$ 7,700

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Detail) - USD ($) $ in Thousands	Jul. 31, 2020	Dec. 31, 2021	Jul. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Goodwill		$ 444,423		$ 443,001
Core deposit premiums		3,175		4,092
Customer relationship and other intangibles		15,890		18,486
Mortgage servicing rights		695		633
Total intangible assets		$ 464,183		$ 466,212
SB One Bancorp
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 22,439		$ 22,400
Decrease in fair value of net assets acquired	1,400
Goodwill, purchase accounting adjustments	$ 23,900

Intangible Assets - Amortizatio

Intangible Assets - Amortization Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Core deposit premiums	$ 917	$ 824	$ 786
Customer relationship and other intangibles	2,597	2,457	1,869
Mortgage servicing rights	150	144	85
Total amortization expense of intangible assets	$ 3,664	$ 3,425	$ 2,740

Intangible Assets - Scheduled o

Intangible Assets - Scheduled of Future Amortization (Detail) $ in Thousands	Dec. 31, 2021USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 3,143
2023	2,771
2024	2,432
2025	2,206
2026	$ 2,096

Deposits - Schedule of Deposits

Deposits - Schedule of Deposits (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Other Liabilities [Abstract]
Savings deposits	$ 1,460,541	$ 1,348,147
Money market accounts	2,592,523	2,245,412
NOW accounts	3,722,198	2,808,637
Non-interest bearing deposits	2,766,235	2,341,459
Certificates of deposit	692,515	1,094,174
Total deposits	$ 11,234,012	$ 9,837,829
Weighted average interest rate, savings deposits	0.10%	0.11%
Weighted average interest rate, money market accounts	0.27%	0.45%
Weighted average interest rate, NOW accounts	0.20%	0.42%
Weighted average interest rate, non-interest bearing deposits	0.00%	0.00%
Weighted average interest rate, certificates of deposit	0.58%	0.89%

Deposits - Scheduled Maturities

Deposits - Scheduled Maturities of Certificates of Deposit (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Other Liabilities [Abstract]
Within one year	$ 534,459	$ 886,018
One to three years	115,833	153,114
Three to five years	41,987	54,544
Five years and thereafter	236	498
Certificates of deposit	$ 692,515	$ 1,094,174

Deposits - Interest Expense on

Deposits - Interest Expense on Deposits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Liabilities [Abstract]
Savings deposits	$ 1,604	$ 1,689	$ 1,681
NOW and money market accounts	20,458	22,762	29,542
Certificates of deposits	4,451	9,138	14,271
Total interest expense on deposits	$ 26,513	$ 33,589	$ 45,494

Borrowed Funds - Schedule of Bo

Borrowed Funds - Schedule of Borrowed Funds (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Securities sold under repurchase agreements	$ 116,760	$ 99,936
FHLB line of credit	0	25,000
FHLB advances	510,014	1,051,036
Borrowed funds	$ 626,774	$ 1,175,972

Borrowed Funds - Scheduled FHLB

Borrowed Funds - Scheduled FHLB Advances (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Due in one year or less	$ 318,602
Due after one year through two years	58,569
Due after two years through three years	58,583
Due after three years through four years	74,260
Thereafter	0
Total FHLB advances	$ 510,014	$ 1,051,036

Borrowed Funds - Scheduled Secu

Borrowed Funds - Scheduled Securities Sold Under Repurchase Agreements (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Securities sold under repurchase agreements	$ 116,760	$ 99,936
Securities Sold Under Repurchase Agreements
Debt Instrument [Line Items]
Due in one year or less	116,760
Thereafter	0
Securities sold under repurchase agreements	$ 116,760

Borrowed Funds - Debt Disclosur

Borrowed Funds - Debt Disclosure by Year (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Securities sold under repurchase agreements, maximum balance	$ 132,005,000	$ 115,233,000
FHLB line of credit, maximum balance	0	422,000,000
FHLB advances, maximum balance	941,939,000	1,177,083,000
Securities sold under repurchase agreements, average balance	116,158,000	86,194,000
FHLB line of credit, average balance	205,000	97,853,000
FHLB advances, average balance	$ 673,014,000	$ 1,045,282,000
Securities sold under repurchase agreements, weighted average interest rate	0.07%	0.28%
FHLB line of credit, weighted average interest rate	0.34%	1.09%
FHLB advances, weighted average interest rate	1.27%	1.49%

Borrowed Funds - Additional Inf

Borrowed Funds - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Borrowed funds	$ 8.6	$ 16.6	$ 28
Available-for-sale Securities
Debt Instrument [Line Items]
Securities sold under repurchase agreements	$ 136	$ 105.1

Subordinated Debentures (Detail

Subordinated Debentures (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Jul. 31, 2020	Jun. 28, 2007
Debt Instrument [Line Items]
Subordinated debentures	$ 10,283	$ 25,135
Interest expense on subordinated debentures	$ 1,189	$ 512	$ 0
SB One Bancorp
Debt Instrument [Line Items]
Subordinated debentures				$ 27,500
SB One Bancorp | Subordinated Debt
Debt Instrument [Line Items]
Outstanding balance				27,900
Net fair value				25,100
SB One Bancorp | Variable Rate Subordinated Deferrable Interest Debentures | Unsecured Debt
Debt Instrument [Line Items]
Outstanding balance				12,900
SB One Bancorp | Fixed-To-Floating Rate Subordinated Notes | Unsecured Debt
Debt Instrument [Line Items]
Outstanding balance				$ 15,000	$ 15,000
SB One Bancorp | Variable Rate Capital Trust Pass-Through Securities | Unsecured Debt
Debt Instrument [Line Items]
Outstanding balance					$ 12,500

Benefit Plans - Additional Info

Benefit Plans - Additional Information (Detail)	Jul. 30, 2021	Dec. 31, 2006	Dec. 31, 2002	Dec. 31, 2021USD ($)retirement_payment$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2019USD ($)$ / shares	Apr. 25, 2019shares
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan age attained for coverage				21 years
Service period for employees of coverage age, years				1 year
Vesting percentage of participants in pension plan				100.00%
Expected future employer contributions next year				$ 0
Requisite service period for deferred compensation arrangement		10 years	10 years	10 years
Discount rate				2.70%
Decrease (increase) in other comprehensive income from retirement plans				$ (689)	$ (6,334)	$ (730)
Retirement plan for the board of directors to get maximum payments minimum age				72 years
Number of quarterly payments made to Board of Directors from Retirement Plan | retirement_payment				40
Benefit plans compensation expense				$ 1,250
Period in which undistributed balance of accrued benefit will be distributed				60 days
Shares purchased under ESOP | shares				4,769,464
Average price per share purchased under ESOP (in dollars per share) | $ / shares				$ 17.09
Outstanding loan principal				$ 19,600,000
Number of shares released under ESOP | shares				285,107	273,307
Unallocated ESOP shares held in suspense | shares				898,073
Fair market value of ESOP shares				$ 21,800,000
ESOP compensation expenses				4,300,000	$ 2,400,000	4,500,000
Estimated expense under the supplemental ESOP provision				180,000	180,000	140,000
Number of shares authorized for issuance under stock award plan | shares							1,350,000
Unrecognized compensation cost relating go unvested restricted stock				$ 7,500,000
Weighted average period in which unrecognized compensation cost recognized years				1 year 9 months 18 days
Fair value of options vesting				$ 190,000	$ 185,000	$ 193,000
Projected share based compensation expense, 2022				142,000
Projected share based compensation expense, 2023				77,000
Projected share based compensation expense, 2024				11,000
Aggregate intrinsic value of stock options outstanding				2,000,000
Aggregate intrinsic value of stock options exercisable				$ 2,500,000
Weighted average fair value of options granted (in dollars per share) | $ / shares				$ 3.52	$ 1.83	$ 4.57
Revolving Credit Facility | Credit Agreement, Maturing November 15, 2023
Defined Benefit Plan Disclosure [Line Items]
Line of credit facility, extension period	3 years
Restricted Stock
Defined Benefit Plan Disclosure [Line Items]
Share based payment award vesting period in years				3 years
Outstanding Stock Awards
Defined Benefit Plan Disclosure [Line Items]
Share based payment award compensation expense				$ 5,500,000	$ 5,400,000	$ 6,700,000
Stock Options
Defined Benefit Plan Disclosure [Line Items]
Share based payment award vesting period in years				5 years
Share based payment award compensation expense				$ 200,000	190,000	181,000
Share based payment award expiration period in years				10 years
Performance Shares
Defined Benefit Plan Disclosure [Line Items]
Share based payment award vesting period in years				3 years
Board of Directors
Defined Benefit Plan Disclosure [Line Items]
Benefit plans compensation expense				$ 6,250	10,000	15,000
Other Liabilities
Defined Benefit Plan Disclosure [Line Items]
Retirement plan liabilities				1,800,000	1,800,000
Other Liabilities | Board of Directors
Defined Benefit Plan Disclosure [Line Items]
Retirement plan liabilities				123,000	127,000
Supplemental Executive Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Aggregate contributions to the benefit plan				74,000	80,000	85,000
Decrease (increase) in other comprehensive income from retirement plans				$ (68,000)	$ (89,000)	$ 187,000
401(k) Plan
Defined Benefit Plan Disclosure [Line Items]
Percentage of matching contribution				25.00%	25.00%	25.00%
Percentage of contribution made by the participants in benefit plans				6.00%	6.00%	6.00%
Aggregate contributions to the benefit plan				$ 1,200,000	$ 1,000,000	$ 981,000
Estimated expense of supplemental ESOP provision				25,000	25,000	22,000
Pension
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, funded (unfunded) status of plan				$ 25,934,000	$ 19,447,000	$ 16,874,000
Discount rate				2.70%	2.30%	3.10%
Post-retirement
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, funded (unfunded) status of plan				$ (16,748,000)	$ (18,805,000)	$ (23,323,000)
Discount rate				2.70%	2.30%	3.10%

Benefit Plans - Benefit Obligat

Benefit Plans - Benefit Obligation and Plan Asset Rollforward (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension
Change in benefit obligation:
Benefit obligation at beginning of year	$ 35,170	$ 33,058	$ 28,878
Service cost	0	0	0
Interest cost	790	1,000	1,198
Actuarial (gain) loss	(294)	381	63
Benefits paid	(1,656)	(1,630)	(1,493)
Change in actuarial assumptions	(1,493)	2,361	4,412
Benefit obligation at end of year	32,517	35,170	33,058
Change in plan assets:
Fair value of plan assets at beginning of year	54,617	49,932	43,449
Actual return on plan assets	5,490	6,315	7,976
Employer contributions	0	0	0
Benefits paid	(1,656)	(1,630)	(1,493)
Fair value of plan assets at end of year	58,451	54,617	49,932
Funded status at end of year	25,934	19,447	16,874
Post-retirement
Change in benefit obligation:
Benefit obligation at beginning of year	18,805	23,323	20,028
Service cost	34	78	80
Interest cost	424	712	837
Actuarial (gain) loss	(412)	(169)	0
Benefits paid	(584)	(627)	(600)
Change in actuarial assumptions	(1,519)	(4,512)	2,978
Benefit obligation at end of year	16,748	18,805	23,323
Change in plan assets:
Fair value of plan assets at beginning of year	0	0	0
Actual return on plan assets	0	0	0
Employer contributions	584	627	600
Benefits paid	(584)	(627)	(600)
Fair value of plan assets at end of year	0	0	0
Funded status at end of year	$ (16,748)	$ (18,805)	$ (23,323)

Benefit Plans - Components of A

Benefit Plans - Components of Accumulated Other Comprehensive Loss (Gain) (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Pension
Defined Benefit Plan Disclosure [Line Items]
Unrecognized prior service cost	$ 0	$ 0
Unrecognized net actuarial loss (gain)	4,504	9,026
Total accumulated other comprehensive loss (gain)	4,504	9,026
Post-retirement
Defined Benefit Plan Disclosure [Line Items]
Unrecognized prior service cost	0	0
Unrecognized net actuarial loss (gain)	(8,915)	(8,055)
Total accumulated other comprehensive loss (gain)	$ (8,915)	$ (8,055)

Benefit Plans - Net Periodic Be

Benefit Plans - Net Periodic Benefit Cost (Increase) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0	$ 0	$ 0
Interest cost	790	1,000	1,198
Return on plan assets	(3,227)	(2,949)	(2,562)
Amortization of net loss (gain)	472	696	1,015
Amortization of unrecognized prior service cost	0	0	0
Net periodic (benefit) increase cost	(1,965)	(1,253)	(349)
Post-retirement
Defined Benefit Plan Disclosure [Line Items]
Service cost	34	78	80
Interest cost	424	712	837
Return on plan assets	0	0	0
Amortization of net loss (gain)	(1,070)	(248)	(825)
Amortization of unrecognized prior service cost	0	0	0
Net periodic (benefit) increase cost	$ (612)	$ 542	$ 92

Benefit Plans - Actuarial Assum

Benefit Plans - Actuarial Assumptions Used (Detail)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.70%
Pension
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.70%	2.30%	3.10%
Rate of compensation increase	0.00%	0.00%	0.00%
Expected return on plan assets	6.00%	6.00%	6.00%
Medical and life insurance benefits cost rate of increase	0.00%	0.00%	0.00%
Post-retirement
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.70%	2.30%	3.10%
Rate of compensation increase	0.00%	0.00%	0.00%
Expected return on plan assets	0.00%	0.00%	0.00%
Medical and life insurance benefits cost rate of increase	6.00%	6.00%	6.00%

Benefit Plans - Effect of One-P

Benefit Plans - Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rate (Detail) - Post-retirement $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Defined Benefit Plan Disclosure [Line Items]
Effect on total service cost and interest cost, 1% increase	$ 70
Effect on post-retirement benefits obligation, 1% increase	2,200
Effect on total service cost and interest cost, 1% decrease	50
Effect on post-retirement benefits obligation, 1% decrease	$ 1,800

Benefit Plans - Estimated Futur

Benefit Plans - Estimated Future Benefit Payments (Detail) $ in Thousands	Dec. 31, 2021USD ($)
Pension
Defined Benefit Plan Disclosure [Line Items]
2022	$ 1,745
2023	1,777
2024	1,788
2025	1,785
2026	1,784
Post-retirement
Defined Benefit Plan Disclosure [Line Items]
2022	736
2023	773
2024	782
2025	813
2026	$ 804

Benefit Plans - Weighted-Averag

Benefit Plans - Weighted-Average Asset Allocation of Pension Plan Assets (Detail) - Pension	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocation percentage	100.00%	100.00%
Domestic equities
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocation percentage	39.00%	39.00%
Foreign equities
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocation percentage	11.00%	12.00%
Fixed income
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocation percentage	48.00%	47.00%
Real estate
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocation percentage	2.00%	2.00%
Cash
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocation percentage	0.00%	0.00%

Benefit Plans - Target Allocati

Benefit Plans - Target Allocation of Assets and Acceptable Ranges (Detail) - Pension	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Target allocation of assets	100.00%
Domestic equities
Defined Benefit Plan Disclosure [Line Items]
Target allocation of assets	37.00%
Domestic equities | Minimum
Defined Benefit Plan Disclosure [Line Items]
Allowable range of assets	30.00%
Domestic equities | Maximum
Defined Benefit Plan Disclosure [Line Items]
Allowable range of assets	41.00%
Foreign equities
Defined Benefit Plan Disclosure [Line Items]
Target allocation of assets	11.00%
Foreign equities | Minimum
Defined Benefit Plan Disclosure [Line Items]
Allowable range of assets	5.00%
Foreign equities | Maximum
Defined Benefit Plan Disclosure [Line Items]
Allowable range of assets	13.00%
Fixed income
Defined Benefit Plan Disclosure [Line Items]
Target allocation of assets	50.00%
Fixed income | Minimum
Defined Benefit Plan Disclosure [Line Items]
Allowable range of assets	40.00%
Fixed income | Maximum
Defined Benefit Plan Disclosure [Line Items]
Allowable range of assets	65.00%
Real estate
Defined Benefit Plan Disclosure [Line Items]
Target allocation of assets	2.00%
Real estate | Minimum
Defined Benefit Plan Disclosure [Line Items]
Allowable range of assets	0.00%
Real estate | Maximum
Defined Benefit Plan Disclosure [Line Items]
Allowable range of assets	4.00%
Cash
Defined Benefit Plan Disclosure [Line Items]
Target allocation of assets	0.00%
Allowable range of assets	0.00%

Benefit Plans - Assets Measured

Benefit Plans - Assets Measured at Fair Value on Recurring Basis (Detail) - Pension - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Total investments	$ 58,451	$ 54,617	$ 49,932	$ 43,449
Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Total investments	37,212	34,901
Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments	21,239	19,716
Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Group annuity contracts
Defined Benefit Plan Disclosure [Line Items]
Total investments	88	64
Group annuity contracts | Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Group annuity contracts | Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments	88	64
Group annuity contracts | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Total mutual funds
Defined Benefit Plan Disclosure [Line Items]
Total investments	37,212	34,901
Total mutual funds | Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Total investments	37,212	34,901
Total mutual funds | Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Total mutual funds | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Fixed income
Defined Benefit Plan Disclosure [Line Items]
Total investments	28,042	25,418
Fixed income | Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Total investments	28,042	25,418
Fixed income | Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Fixed income | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
International equity
Defined Benefit Plan Disclosure [Line Items]
Total investments	6,153	6,581
International equity | Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Total investments	6,153	6,581
International equity | Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
International equity | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Large U.S. equity
Defined Benefit Plan Disclosure [Line Items]
Total investments	1,834	1,677
Large U.S. equity | Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Total investments	1,834	1,677
Large U.S. equity | Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Large U.S. equity | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Small/Mid U.S. equity
Defined Benefit Plan Disclosure [Line Items]
Total investments	1,183	1,225
Small/Mid U.S. equity | Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Total investments	1,183	1,225
Small/Mid U.S. equity | Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Small/Mid U.S. equity | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Pooled separate accounts
Defined Benefit Plan Disclosure [Line Items]
Total investments	21,151	19,652
Pooled separate accounts | Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Pooled separate accounts | Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments	21,151	19,652
Pooled separate accounts | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Total investments	$ 0	$ 0

Benefit Plans - Status of Unves

Benefit Plans - Status of Unvested Stock Awards (Detail) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted stock awards, outstanding at beginning of year (in shares)	785,181	668,826	651,099
Granted (in shares)	500,892	429,122	291,034
Forfeited (in shares)	(144,476)	(59,938)	(46,914)
Vested (in shares)	(241,114)	(252,829)	(226,393)
Restricted stock awards, outstanding at the end of year (in shares)	900,483	785,181	668,826

Benefit Plans - Status of Unexe

Benefit Plans - Status of Unexercised Stock Options (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Number of stock options
Number of stock options, outstanding at beginning of year (in shares)	596,441	499,201	470,979
Number of stock options, granted (in shares)	56,605	107,240	41,685
Number of stock options, exercised (in shares)	(86,593)	0	(13,463)
Number of stock options, forfeited (in shares)	0	(10,000)	0
Number of stock options, expired (in shares)	0	0	0
Number of stock options, outstanding at the end of year (in shares)	566,453	596,441	499,201
Weighted average exercise price
Weighted average exercise price, outstanding at beginning of year (in dollars per share)	$ 17.96	$ 19.32	$ 18.36
Weighted average exercise price, granted (in dollars per share)	20.66	20.62	27.25
Weighted average exercise price, exercised (in dollars per share)	14.69	0	10.35
Weighted average exercise price, forfeited (in dollars per share)	0	14.68	0
Weighted average exercise price, expired (in dollars per share)	0	0	0
Weighted average exercise price, outstanding at the end of year (in dollars per share)	$ 18.73	$ 17.96	$ 19.32

Benefit Plans - Stock Options O

Benefit Plans - Stock Options Outstanding (Detail)	12 Months Ended
	Dec. 31, 2021$ / sharesshares
$15.23-18.70
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of options outstanding (in shares) | shares	274,942
Average remaining contractual life	2 years 8 months 12 days
Options Outstanding, weighted average exercise price (in dollars per share)	$ 17.28
Number of options exercisable (in shares) | shares	274,942
Options exercisable, weighted average exercise price (in dollars per share)	$ 17.28
$15.23-18.70 | Minimum
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options exercisable, weighted average exercise price (in dollars per share)	15.23
$15.23-18.70 | Maximum
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options exercisable, weighted average exercise price (in dollars per share)	$ 18.7
$20.62-27.25
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of options outstanding (in shares) | shares	291,511
Average remaining contractual life	7 years 6 months
Options Outstanding, weighted average exercise price (in dollars per share)	$ 23.15
Number of options exercisable (in shares) | shares	149,518
Options exercisable, weighted average exercise price (in dollars per share)	$ 24.91
$20.62-27.25 | Minimum
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options exercisable, weighted average exercise price (in dollars per share)	20.62
$20.62-27.25 | Maximum
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options exercisable, weighted average exercise price (in dollars per share)	$ 27.25

Benefit Plans - Weighted Averag

Benefit Plans - Weighted Average Assumptions of Fair Value Option Grants (Detail)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Retirement Benefits [Abstract]
Expected dividend yield	4.45%	4.46%	3.38%
Expected volatility	30.75%	20.33%	22.01%
Risk-free interest rate	0.73%	0.75%	2.53%
Expected option life	8 years	8 years	8 years

Income Taxes - Current and Defe

Income Taxes - Current and Deferred Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current:
Federal	$ 28,798	$ 27,143	$ 22,427
State	17,986	11,389	10,354
Total current	46,784	38,532	32,781
Deferred:
Federal	10,548	(5,908)	1,650
State	1,865	(2,021)	24
Total deferred	12,413	(7,929)	1,674
Income tax expense (benefit)	$ 59,197	$ 30,603	$ 34,455

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Loss Carryforwards [Line Items]
Accumulated other comprehensive income, deferred tax (benefit) expense	$ (8,300)	$ 5,200	$ 6,600
Accumulated other comprehensive income, a deferred tax expense (benefit)	1,400	$ 1,400	$ (561)
Retained earnings amount for which no provision for income tax has been made	51,800
Unrecognized tax liability	13,400
Federal
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, limitations on use	197
Beacon Trust
Operating Loss Carryforwards [Line Items]
Unused capital loss carryforwards	$ 1,100

Income Taxes - Reconciliation F

Income Taxes - Reconciliation From Statutory Rate to Effective Tax (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Tax expense at statutory rates	$ 47,695	$ 26,786	$ 30,889
Increase (decrease) in taxes resulting from:
State tax, net of federal income tax benefit	15,682	7,400	8,197
Tax-exempt interest income	(2,690)	(2,609)	(3,082)
Bank-owned life insurance	(1,665)	(1,363)	(1,322)
Other, net	175	389	(227)
Income tax expense (benefit)	$ 59,197	$ 30,603	$ 34,455

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Allowance for credit losses on loans	$ 21,640	$ 26,156
Allowance for credit loss on off-balance sheet ("OBS") credit exposure	1,763	1,295
Post-retirement benefit	6,908	6,924
Deferred compensation	743	839
Contingent consideration	0	714
Purchase accounting adjustments	1,145	3,099
Depreciation	425	331
SERP	1,013	733
ESOP	1,145	1,377
Stock-based compensation	4,753	4,481
Payroll Protection Program fees	411	2,268
Non-accrual interest	232	225
Federal Net Operating Loss ("NOL")	239	280
Unrealized loss on securities	501	0
Net unrealized loss on hedging activities	0	1,717
Pension liability adjustments	0	376
Lease liability	13,464	10,838
Other	1,196	693
Total gross deferred tax assets	55,578	62,346
Deferred tax liabilities:
Pension expense	8,158	7,340
Contingent consideration	56	0
Deferred loan costs	7,104	4,532
Investment securities, principally due to accretion of discounts	94	79
Intangibles	2,121	1,723
Originated mortgage servicing rights	184	160
Unrealized gain on available for sale debt securities	0	7,802
Pension liability adjustments	1,036	0
Net unrealized gain on hedging activities	788	0
Lease right-of-use asset	13,082	10,606
Total gross deferred tax liabilities	32,623	32,242
Net deferred tax asset	$ 22,955	$ 30,104

Regulatory Capital Requiremen_3

Regulatory Capital Requirements - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer, percentage of common equity Tier 1 capital to risk-weighted assets	2.50%
FDIC
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 leverage capital, minimum capital adequacy requirements, Ratio	0.0400	0.0400
Common equity Tier 1 capital to risk-based assets ratio	4.50%	4.50%
Tier 1 risk-based capital, minimum capital adequacy requirements, Ratio	0.06	0.0600
Total risk-based capital, minimum capital adequacy requirements, Ratio	0.08	0.0800
Tier 1 leverage capital, To be well-capitalized under prompt corrective action provisions, Ratio	0.05	0.0500
Common equity Tier 1 risk-based capital ratio	6.50%	6.50%
Tier 1 risk-based capital, To be well-capitalized under prompt corrective action provisions, Ratio	0.0800	0.0800
Total risk-based capital, to be well-capitalized under prompt corrective action provisions, Ratio	0.10	0.1000

Regulatory Capital Requiremen_4

Regulatory Capital Requirements - Actual Capital Amounts and Ratios and FDIC Minimum Capital Adequacy Requirements (Detail) $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
FRB
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 leverage capital, Actual Amount	$ 1,252,925	$ 1,157,505
Tier 1 leverage capital, Actual Ratio	0.0945	0.0930
Tier 1 leverage capital, minimum capital adequacy requirements, Amount	$ 530,602	$ 497,794
Tier 1 leverage capital, minimum capital adequacy requirements, Ratio	0.0400	0.0400
Tier 1 leverage capital, minimum capital adequacy requirements with capital conservation buffer, Amount	$ 530,602	$ 497,794
Tier 1 leverage capital, minimum capital adequacy requirements with capital conservation buffer, Ratio	4.00%	4.00%
Tier 1 leverage capital, To be well-capitalized under prompt corrective action provisions, Amount	$ 663,252	$ 622,243
Tier 1 leverage capital, To be well-capitalized under prompt corrective action provisions, Ratio	0.0500	0.0500
Common equity Tier 1 risk-based capital, Actual Amount	$ 1,240,038	$ 1,144,618
Common equity Tier 1 risk-based capital, Actual Ratio	11.47%	10.46%
Common equity Tier 1 risk-based capital, minimum capital adequacy requirement, Amount	$ 486,382	$ 492,359
Common equity Tier 1 risk-based capital, minimum capital adequacy requirement, Ratio	4.50%	4.50%
Common equity Tier 1 risk-based capital, minimum capital adequacy requirement with capital conversation buffer, Amount	$ 756,595	$ 765,892
Common equity Tier 1 risk-based capital, minimum capital adequacy requirement with capital conversation buffer, Ratio	7.00%	7.00%
Common equity Tier 1 risk-based capital, To be well-capitalized under prompt corrective action provisions, Amount	$ 702,552	$ 711,185
Common equity Tier 1 risk-based capital, To be well-capitalized under prompt corrective action provisions, Ratio	6.50%	6.50%
Tier 1 risk-based capital, Actual Amount	$ 1,252,925	$ 1,157,505
Tier 1 risk-based capital, Actual Ratio	0.1159	0.1058
Tier 1 risk-based capital, minimum capital adequacy requirements, Amount	$ 648,510	$ 656,478
Tier 1 risk-based capital, minimum capital adequacy requirements, Ratio	0.0600	0.0600
Tier 1 risk-based capital, minimum capital adequacy requirements with capital conversation buffer, Amount	$ 918,722	$ 930,011
Tier 1 risk-based capital, minimum capital adequacy requirements with capital conversation buffer, Ratio	8.50%	8.50%
Tier 1 risk-based capital, To be well-capitalized under prompt corrective action provisions, Amount	$ 864,680	$ 875,305
Tier 1 risk-based capital, To be well-capitalized under prompt corrective action provisions, Ratio	0.0800	0.0800
Total risk-based capital, Actual Amount	$ 1,324,032	$ 1,306,494
Total risk-based capital, Actual Ratio	0.1225	0.1194
Total risk-based capital, minimum capital adequacy requirements, Amount	$ 864,680	$ 875,305
Total risk-based capital, minimum capital adequacy requirements, Ratio	0.0800	0.0800
Total risk-based capital, minimum capital adequacy requirements with capital conversation buffer, Amount	$ 1,134,892	$ 1,148,837
Total risk-based capital, minimum capital adequacy requirements with capital conversation buffer, Ratio	10.50%	10.50%
Total risk-based capital, to be well-capitalized under prompt corrective action provisions, Amount	$ 1,080,850	$ 1,094,131
Total risk-based capital, to be well-capitalized under prompt corrective action provisions, Ratio	0.1000	0.1000
FDIC
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 leverage capital, Actual Amount	$ 1,174,495	$ 1,086,589
Tier 1 leverage capital, Actual Ratio	0.0886	0.0875
Tier 1 leverage capital, minimum capital adequacy requirements, Amount	$ 530,275	$ 496,908
Tier 1 leverage capital, minimum capital adequacy requirements, Ratio	0.0400	0.0400
Tier 1 leverage capital, minimum capital adequacy requirements with capital conservation buffer, Amount	$ 530,275	$ 496,908
Tier 1 leverage capital, minimum capital adequacy requirements with capital conservation buffer, Ratio	4.00%	4.00%
Tier 1 leverage capital, To be well-capitalized under prompt corrective action provisions, Amount	$ 662,844	$ 621,135
Tier 1 leverage capital, To be well-capitalized under prompt corrective action provisions, Ratio	0.05	0.0500
Common equity Tier 1 risk-based capital, Actual Amount	$ 1,174,495	$ 1,086,589
Common equity Tier 1 risk-based capital, Actual Ratio	10.87%	9.96%
Common equity Tier 1 risk-based capital, minimum capital adequacy requirement, Amount	$ 486,122	$ 491,135
Common equity Tier 1 risk-based capital, minimum capital adequacy requirement, Ratio	4.50%	4.50%
Common equity Tier 1 risk-based capital, minimum capital adequacy requirement with capital conversation buffer, Amount	$ 756,190	$ 763,988
Common equity Tier 1 risk-based capital, minimum capital adequacy requirement with capital conversation buffer, Ratio	7.00%	7.00%
Common equity Tier 1 risk-based capital, To be well-capitalized under prompt corrective action provisions, Amount	$ 702,177	$ 709,417
Common equity Tier 1 risk-based capital, To be well-capitalized under prompt corrective action provisions, Ratio	6.50%	6.50%
Tier 1 risk-based capital, Actual Amount	$ 1,174,495	$ 1,086,589
Tier 1 risk-based capital, Actual Ratio	0.1087	0.0996
Tier 1 risk-based capital, minimum capital adequacy requirements, Amount	$ 648,163	$ 654,847
Tier 1 risk-based capital, minimum capital adequacy requirements, Ratio	0.06	0.0600
Tier 1 risk-based capital, minimum capital adequacy requirements with capital conversation buffer, Amount	$ 918,231	$ 927,700
Tier 1 risk-based capital, minimum capital adequacy requirements with capital conversation buffer, Ratio	8.50%	8.50%
Tier 1 risk-based capital, To be well-capitalized under prompt corrective action provisions, Amount	$ 864,217	$ 873,129
Tier 1 risk-based capital, To be well-capitalized under prompt corrective action provisions, Ratio	0.0800	0.0800
Total risk-based capital, Actual Amount	$ 1,245,602	$ 1,223,469
Total risk-based capital, Actual Ratio	0.1153	0.1121
Total risk-based capital, minimum capital adequacy requirements, Amount	$ 864,217	$ 873,129
Total risk-based capital, minimum capital adequacy requirements, Ratio	0.08	0.0800
Total risk-based capital, minimum capital adequacy requirements with capital conversation buffer, Amount	$ 1,134,285	$ 1,145,982
Total risk-based capital, minimum capital adequacy requirements with capital conversation buffer, Ratio	10.50%	10.50%
Total risk-based capital, to be well-capitalized under prompt corrective action provisions, Amount	$ 1,080,272	$ 1,091,411
Total risk-based capital, to be well-capitalized under prompt corrective action provisions, Ratio	0.10	0.1000

Allowance for Credit Losses o_3

Allowance for Credit Losses on Off-Balance Sheet Credit Exposures (Details) - USD ($) $ in Thousands	Jan. 01, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on off-balance sheet credit exposure	$ 0	$ 6,500	$ 5,000
Retained earnings		814,533	718,090
Credit loss expense for off-balance sheet credit exposure		$ 1,515	$ 1,814	$ 0
Cumulative Effect, Period of Adoption, Adjusted Balance
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on off-balance sheet credit exposure	3,206
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on off-balance sheet credit exposure	3,206
Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on off-balance sheet credit exposure	3,200
Retained earnings	8,300
Credit loss expense for off-balance sheet credit exposure	7,900
Accounting Standards Update 2016-13, Effect On Off-Balance Sheet Items
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings	$ 2,400

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash and due from banks	$ 506,270	$ 404,355
Cash Reserves Required by Banking Regulations
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash and due from banks	$ 27,300	$ 114,300
Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated costs	5.00%
Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated costs	10.00%

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities at Fair Values (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	$ 2,057,851	$ 1,105,489
Equity Securities	1,325	971
Derivative assets	66,464	109,114
Derivative liabilities	62,472	117,597
Foreclosed assets	8,731	4,475
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities	1,325
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities	0
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities	0
Measured on a recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	2,057,851	1,105,489
Equity Securities	1,325	971
Derivative assets	65,903	101,079
Assets, fair value disclosure	2,125,079	1,207,539
Derivative liabilities	61,412	109,148
Measured on a recurring basis | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	196,329	1,009
Equity Securities	1,325	971
Derivative assets	0	0
Assets, fair value disclosure	197,654	1,980
Derivative liabilities	0	0
Measured on a recurring basis | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	1,861,522	1,104,480
Equity Securities	0	0
Derivative assets	65,903	101,079
Assets, fair value disclosure	1,927,425	1,205,559
Derivative liabilities	61,412	109,148
Measured on a recurring basis | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Equity Securities	0	0
Derivative assets		0
Assets, fair value disclosure	0	0
Derivative liabilities	0	0
Measured on a non-recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	26,968	30,725
Loans measured for impairment based on the fair value of the underlying collateral	18,237	26,250
Foreclosed assets	8,731	4,475
Measured on a non-recurring basis | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	0	0
Loans measured for impairment based on the fair value of the underlying collateral	0	0
Foreclosed assets	0	0
Measured on a non-recurring basis | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	0	0
Loans measured for impairment based on the fair value of the underlying collateral	0	0
Foreclosed assets	0	0
Measured on a non-recurring basis | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	26,968	30,725
Loans measured for impairment based on the fair value of the underlying collateral	18,237	26,250
Foreclosed assets	8,731	4,475
U.S. Treasury obligations | Measured on a recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	196,329
U.S. Treasury obligations | Measured on a recurring basis | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	196,329
U.S. Treasury obligations | Measured on a recurring basis | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0
U.S. Treasury obligations | Measured on a recurring basis | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0
Agency obligations | Measured on a recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value		1,009
Agency obligations | Measured on a recurring basis | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value		1,009
Agency obligations | Measured on a recurring basis | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value		0
Agency obligations | Measured on a recurring basis | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value		0
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	1,708,831	938,413
Mortgage-backed securities | Measured on a recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	1,708,831	938,413
Mortgage-backed securities | Measured on a recurring basis | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Mortgage-backed securities | Measured on a recurring basis | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	1,708,831	938,413
Mortgage-backed securities | Measured on a recurring basis | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	46,797	53,830
Asset-backed securities | Measured on a recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	46,797	53,830
Asset-backed securities | Measured on a recurring basis | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value
Asset-backed securities | Measured on a recurring basis | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	46,797	53,830
Asset-backed securities | Measured on a recurring basis | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value
State and municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	69,707	71,258
State and municipal obligations | Measured on a recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	69,707	71,258
State and municipal obligations | Measured on a recurring basis | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
State and municipal obligations | Measured on a recurring basis | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	69,707	71,258
State and municipal obligations | Measured on a recurring basis | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Corporate obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	36,187	40,979
Corporate obligations | Measured on a recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	36,187	40,979
Corporate obligations | Measured on a recurring basis | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Corporate obligations | Measured on a recurring basis | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	36,187	40,979
Corporate obligations | Measured on a recurring basis | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	$ 0	$ 0

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Financial Instruments, Carrying and Fair Values (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, at Carrying Value	$ 685,163	$ 418,053	$ 109,748	$ 104,681
Available for sale debt securities, at fair value	2,057,851	1,105,489
Held-to-maturity, debt securities	449,709	472,529
FHLBNY stock	34,290	59,489
Equity Securities	1,325	971
Loans, net of allowance for credit losses	9,500,884	9,721,424
Derivative assets	66,464	109,114
Certificates of deposit	692,515	1,094,174
Total deposits	11,234,012	9,837,829
Borrowings	626,774	1,175,972
Subordinated debentures	10,283	25,135
Derivative liabilities	62,472	117,597
Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
FHLBNY stock		59,489
Equity Securities	1,325
Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
FHLBNY stock		0
Equity Securities	0
Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
FHLBNY stock		0
Equity Securities	0
Mortgage-backed securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	1,708,831	938,413
Held-to-maturity, debt securities	21	64
Asset-backed securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	46,797	53,830
State and municipal obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	69,707	71,258
Held-to-maturity, debt securities	429,552	455,039
Corporate obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	36,187	40,979
Held-to-maturity, debt securities	10,315	9,825
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, at Carrying Value	712,463	532,353
Available for sale debt securities, at fair value	2,057,851	1,105,489
Held-to-maturity, debt securities	436,150	450,965
FHLBNY stock	34,290	59,489
Equity Securities	1,325	971
Loans, net of allowance for credit losses	9,500,884	9,721,424
Derivative assets	65,903	101,079
Deposits other than certificates of deposits	10,541,497	8,743,655
Certificates of deposit	692,515	1,094,174
Total deposits	11,234,012	9,837,829
Borrowings	626,774	1,175,972
Subordinated debentures	10,283	25,135
Derivative liabilities	61,412	109,148
Carrying Value | U.S. Treasury obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	196,329
Carrying Value | Agency obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value		1,009
Held-to-maturity, debt securities	9,996	7,600
Carrying Value | Mortgage-backed securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	1,708,831	938,413
Held-to-maturity, debt securities	21	62
Carrying Value | Asset-backed securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	46,797	53,830
Carrying Value | State and municipal obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	69,707	71,258
Held-to-maturity, debt securities	415,699	433,589
Carrying Value | Corporate obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	36,187	40,979
Held-to-maturity, debt securities	10,434	9,714
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, at Carrying Value	712,463	532,353
Available for sale debt securities, at fair value	2,057,851	1,105,489
Held-to-maturity, debt securities	449,709	472,529
FHLBNY stock	34,290	59,489
Equity Securities	1,325	971
Loans, net of allowance for credit losses	9,607,225	9,969,330
Derivative assets	65,903	101,079
Deposits other than certificates of deposits	10,541,497	8,743,655
Certificates of deposit	694,041	1,097,993
Total deposits	11,235,538	9,841,648
Borrowings	625,636	1,193,024
Subordinated debentures	9,750	24,375
Derivative liabilities	61,412	109,148
Fair Value | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, at Carrying Value	712,463	532,353
Available for sale debt securities, at fair value	196,329	1,009
Held-to-maturity, debt securities	9,821	7,601
FHLBNY stock	34,290
Equity Securities		971
Loans, net of allowance for credit losses	0	0
Derivative assets	0	0
Deposits other than certificates of deposits	10,541,497	8,743,655
Certificates of deposit	0	0
Total deposits	10,541,497	8,743,655
Borrowings	0	0
Subordinated debentures	0	0
Derivative liabilities	0	0
Fair Value | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, at Carrying Value	0	0
Available for sale debt securities, at fair value	1,861,522	1,104,480
Held-to-maturity, debt securities	439,888	464,928
FHLBNY stock	0
Equity Securities		0
Loans, net of allowance for credit losses	0	0
Derivative assets	65,903	101,079
Deposits other than certificates of deposits	0	0
Certificates of deposit	694,041	1,097,993
Total deposits	694,041	1,097,993
Borrowings	625,636	1,193,024
Subordinated debentures	9,750	24,375
Derivative liabilities	61,412	109,148
Fair Value | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, at Carrying Value	0	0
Available for sale debt securities, at fair value	0	0
Held-to-maturity, debt securities	0	0
FHLBNY stock	0
Equity Securities		0
Loans, net of allowance for credit losses	9,607,225	9,969,330
Derivative assets	0	0
Deposits other than certificates of deposits	0	0
Certificates of deposit	0	0
Total deposits	0	0
Borrowings	0	0
Subordinated debentures	0	0
Derivative liabilities	0	0
Fair Value | U.S. Treasury obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	196,329
Fair Value | U.S. Treasury obligations | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	196,329
Fair Value | U.S. Treasury obligations | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	0
Fair Value | U.S. Treasury obligations | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	0
Fair Value | Agency obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value		1,009
Held-to-maturity, debt securities	9,821	7,601
Fair Value | Agency obligations | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value		1,009
Held-to-maturity, debt securities	9,821	7,601
Fair Value | Agency obligations | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value		0
Held-to-maturity, debt securities	0	0
Fair Value | Agency obligations | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value		0
Held-to-maturity, debt securities	0	0
Fair Value | Mortgage-backed securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	1,708,831	938,413
Held-to-maturity, debt securities	21	64
Fair Value | Mortgage-backed securities | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	0	0
Held-to-maturity, debt securities	0	0
Fair Value | Mortgage-backed securities | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	1,708,831	938,413
Held-to-maturity, debt securities	21	64
Fair Value | Mortgage-backed securities | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	0	0
Held-to-maturity, debt securities	0	0
Fair Value | Asset-backed securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	46,797	53,830
Fair Value | Asset-backed securities | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	0	0
Fair Value | Asset-backed securities | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	46,797	53,830
Fair Value | Asset-backed securities | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	0	0
Fair Value | State and municipal obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	69,707	71,258
Held-to-maturity, debt securities	429,552	455,039
Fair Value | State and municipal obligations | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	0	0
Held-to-maturity, debt securities	0	0
Fair Value | State and municipal obligations | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	69,707	71,258
Held-to-maturity, debt securities	429,552	455,039
Fair Value | State and municipal obligations | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	0	0
Held-to-maturity, debt securities	0	0
Fair Value | Corporate obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	36,187	40,979
Held-to-maturity, debt securities	10,315	9,825
Fair Value | Corporate obligations | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	0	0
Held-to-maturity, debt securities	0	0
Fair Value | Corporate obligations | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	36,187	40,979
Held-to-maturity, debt securities	10,315	9,825
Fair Value | Corporate obligations | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale debt securities, at fair value	0	0
Held-to-maturity, debt securities	$ 0	$ 0

Earnings Per Share (Detail)

Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Net income	$ 167,921	$ 96,951	$ 112,633
Basic weighted average common shares outstanding (in shares)	76,471,933	69,548,499	64,604,224
Dilutive shares (in shares)	88,907	77,459	130,367
Diluted weighted average common shares outstanding (in shares)	76,560,840	69,625,958	64,734,591
Earnings per share:
Basic (in dollars per share)	$ 2.20	$ 1.39	$ 1.74
Diluted (in dollars per share)	$ 2.19	$ 1.39	$ 1.74
Anti-dilutive stock options and awards excluded from computation of earnings per share (in shares)	769,458	999,718	646,457

Parent-only Financial Informa_3

Parent-only Financial Information - Financial Condition (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 506,270	$ 404,355
Available for sale debt securities, at fair value	2,057,851	1,105,489
Other assets	206,146	221,360
Total assets	13,781,202	12,919,741
Liabilities and Stockholders’ Equity
Other liabilities	178,597	226,710
Subordinated debentures	10,283	25,135
Total stockholders’ equity	1,697,096	1,619,797	$ 1,413,840	$ 1,358,980
Total liabilities and stockholders’ equity	13,781,202	12,919,741
Provident Financial Services, Inc.
Assets
Cash and due from banks	12,498	10,634
Available for sale debt securities, at fair value	1,138	971
Investment in subsidiary	1,631,554	1,561,769
Due from subsidiary—SAP	38,286	42,347
ESOP loan	19,615	25,555
Other assets	4,643	4,023
Total assets	1,707,734	1,645,299
Liabilities and Stockholders’ Equity
Other liabilities	355	367
Subordinated debentures	10,283	25,135
Total stockholders’ equity	1,697,096	1,619,797
Total liabilities and stockholders’ equity	$ 1,707,734	$ 1,645,299

Parent-only Financial Informa_4

Parent-only Financial Information - Statements of Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Condensed Financial Statements, Captions [Line Items]
Total interest income	$ 402,339	$ 363,309	$ 371,470
Subordinated debentures	1,189	512	0
Non-interest expense	250,053	227,728	201,579
Income tax expense	59,197	30,603	34,455
Net income	167,921	96,951	112,633
Provident Financial Services, Inc.
Condensed Financial Statements, Captions [Line Items]
Dividends from subsidiary	71,478	65,823	72,809
Interest income	1,022	1,245	1,470
Investment gain	167	147	162
Total interest income	72,667	67,215	74,441
Subordinated debentures	1,189	512	0
Non-interest expense	1,292	1,196	1,192
Total expense	2,481	1,708	1,192
Income before income tax expense	70,186	65,507	73,249
Income tax expense	0	0	127
Income before undistributed net income of subsidiary	70,186	65,507	73,122
Earnings in excess of dividends (equity in undistributed net income) of subsidiary	97,735	31,444	39,511
Net income	$ 167,921	$ 96,951	$ 112,633

Parent-only Financial Informa_5

Parent-only Financial Information - Statements of Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net income	$ 167,921	$ 96,951	$ 112,633
Adjustments to reconcile net income to net cash provided by operating activities
ESOP expense	4,318	2,401	4,533
SAP allocation	5,451	5,330	6,671
Stock option allocation	200	189	181
Decrease (increase) in other assets	10,264	(106,811)	(46,237)
(Decrease) increase in other liabilities	(48,113)	59,883	25,312
Net cash provided by operating activities	158,182	106,911	136,925
Cash flows from investing activities:
Net cash (used in) provided by investing activities	(717,936)	(507,984)	42,867
Cash flows from financing activities:
Purchases of treasury stock	(20,711)	(21,161)	(19,867)
Purchase of employee restricted shares to fund statutory tax withholding	(961)	(969)	(1,985)
Cash dividends paid	(71,478)	(65,823)	(72,809)
Repayment of subordinated debentures	(15,000)	0	0
Shares issued dividend reinvestment plan	0	451	2,230
Stock options exercised	887	0	139
Net cash provided by (used in) financing activities	739,864	746,678	(135,705)
Net increase in cash and cash equivalents	180,110	345,605	44,087
Total cash, cash equivalents and restricted cash at beginning of period	532,353	186,748	142,661
Total cash, cash equivalents and restricted cash at end of period	712,463	532,353	186,748
Provident Financial Services, Inc.
Cash flows from operating activities:
Net income	167,921	96,951	112,633
Adjustments to reconcile net income to net cash provided by operating activities
Earnings in excess of dividends (equity in undistributed net income) of subsidiary	(97,735)	(31,444)	(39,511)
ESOP expense	4,318	2,401	4,533
SAP allocation	5,451	5,330	6,671
Stock option allocation	200	189	181
Increase in due to subsidiary—SAP	(4,061)	54,088	3,745
Decrease (increase) in other assets	27,106	(138,256)	21,285
(Decrease) increase in other liabilities	(12)	(4,493)	(734)
Net cash provided by operating activities	103,188	(15,234)	108,803
Cash flows from investing activities:
Cash received, net of cash consideration paid for acquisition	0	78,089	0
Net decrease in ESOP loan	5,939	5,558	5,643
Net cash (used in) provided by investing activities	5,939	83,647	5,643
Cash flows from financing activities:
Purchases of treasury stock	(20,711)	(21,161)	(19,867)
Purchase of employee restricted shares to fund statutory tax withholding	(961)	(969)	(1,985)
Cash dividends paid	(71,478)	(65,823)	(72,809)
Repayment of subordinated debentures	(15,000)	0	0
Shares issued dividend reinvestment plan	0	451	2,230
Stock options exercised	887	0	139
Net cash provided by (used in) financing activities	(107,263)	(87,502)	(92,292)
Net increase in cash and cash equivalents	1,864	(19,089)	22,154
Total cash, cash equivalents and restricted cash at beginning of period	10,634	29,723	7,569
Total cash, cash equivalents and restricted cash at end of period	$ 12,498	$ 10,634	$ 29,723

Other Comprehensive Income (L_3

Other Comprehensive Income (Loss) - Schedule of Components of OCI (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Unrealized losses on available for sale debt securities:
Net (losses) gains arising during the period	$ (31,972)	$ 20,134	$ 24,987
Reclassification adjustment for gains included in net income	(230)	0	0
Total	(32,202)	20,134	24,987
Unrealized gains (losses) on derivatives (cash flow hedges)	12,189	(7,099)	(780)
Amortization related to post-retirement obligations	5,474	5,604	(2,176)
Total other comprehensive (loss) income	(14,539)	18,639	22,031
Unrealized losses on available for sale debt securities:
Net (losses) gains arising during the period	8,242	(5,190)	(6,636)
Reclassification adjustment for gains included in net income	59	0	0
Total	8,301	(5,190)	(6,636)
Unrealized gains (losses) on derivatives (cash flow hedges)	(3,142)	1,830	201
Amortization related to post-retirement obligations	(1,412)	(1,445)	561
Total other comprehensive (loss) income	3,747	(4,805)	(5,874)
Unrealized losses on available for sale debt securities:
Net (losses) gains arising during the period	(23,730)	14,944	18,351
Reclassification adjustment for gains included in net income	(171)	0	0
Total	(23,901)	14,944	18,351
Unrealized gains (losses) on derivatives (cash flow hedges)	9,047	(5,269)	(579)
Amortization related to post-retirement obligations	4,062	4,159	(1,615)
Total other comprehensive (loss) income, net of tax	$ (10,792)	$ 13,834	$ 16,157

Other Comprehensive Income (L_4

Other Comprehensive Income (Loss) - Changes in Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Roll Forward]
Balance at the beginning of the period	$ 1,619,797	$ 1,413,840	$ 1,358,980
Current period change in other comprehensive (loss) income	(10,792)	13,834	16,157
Balance at the end of the period	1,697,096	1,619,797	1,413,840
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Roll Forward]
Balance at the beginning of the period		(8,311)	4,350
Balance at the end of the period			(8,311)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Roll Forward]
Balance at the beginning of the period	17,655	3,821	(12,336)
Current period change in other comprehensive (loss) income	(10,792)	13,834	16,157
Balance at the end of the period	6,863	17,655	3,821
Unrealized (Losses) Gains on Available for Sale Debt Securities
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Roll Forward]
Balance at the beginning of the period	23,690	8,746
Current period change in other comprehensive (loss) income	(23,901)	14,944
Balance at the end of the period	(211)	23,690	8,746
Post-Retirement Obligations
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Roll Forward]
Balance at the beginning of the period	(1,081)	(5,240)
Current period change in other comprehensive (loss) income	4,062	4,159
Balance at the end of the period	2,981	(1,081)	(5,240)
Unrealized Gains (Losses) on Derivatives (cash flow hedges)
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Roll Forward]
Balance at the beginning of the period	(4,954)	315
Current period change in other comprehensive (loss) income	9,047	(5,269)
Balance at the end of the period	$ 4,093	$ (4,954)	$ 315

Other Comprehensive Income (L_5

Other Comprehensive Income (Loss) - Reclassifications Out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Net gain on securities transactions	$ 255	$ 81	$ 72
Interest expense	36,316	50,739	73,497
Compensation and employee benefits	143,366	130,868	116,849
Income tax expense	59,197	30,603	34,455
Net of tax	167,921	96,951	112,633
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Net of tax	2,263	1,625	(323)
Securities available for sale | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Net gain on securities transactions	(230)	0	0
Income tax expense	59	0	0
Net of tax	(171)	0	0
Cash flow hedges | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest expense	3,878	1,741	(624)
Income tax expense	(1,000)	(449)	161
Net of tax	2,878	1,292	(463)
Post-retirement obligations - Amortization of actuarial losses | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Compensation and employee benefits	(598)	448	190
Income tax expense	154	(115)	(50)
Net of tax	$ (444)	$ 333	$ 140

Derivative and Hedging Activi_3

Derivative and Hedging Activities - Additional Information (Details)	12 Months Ended
	Dec. 31, 2021USD ($)instrumentcounterparty	Dec. 31, 2020USD ($)instrument
Derivative [Line Items]
Amount of collateral	$ 26,566,000	$ 113,620,000
Amounts reclassified from AOCI to Income	$ 1,300,000
Number of counterparties | counterparty	4
Derivative liabilities	$ 62,472,000	117,597,000
Derivatives Not Designated as Hedging Instrument
Derivative [Line Items]
Credit derivatives, fair value	108,800	$ 97,000
Derivative liabilities	26,000,000
Collateral against obligations	$ 26,700,000
Designated as Hedging Instrument
Derivative [Line Items]
Number of derivative liability instruments held | instrument	14
Aggregate notional amount for derivative liability	$ 600,000,000
Interest Rate Products | Derivatives Not Designated as Hedging Instrument
Derivative [Line Items]
Number of derivative instruments held | instrument	166	172
Aggregate notional amount	$ 2,420,000,000	$ 2,630,000,000
Credit Risk Contract | Derivatives Not Designated as Hedging Instrument
Derivative [Line Items]
Number of derivative instruments held | instrument	13
Aggregate notional amount	$ 144,800,000	$ 121,700,000
Amount of collateral	$ 650,000

Derivatives and Hedging Activit

Derivatives and Hedging Activities (Offset Fair Value and Notional Amount) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Asset Derivatives
Asset Derivatives	$ 66,464	$ 109,114
Gross amounts offset on the balance sheet	0	0
Net derivative amounts presented on the balance sheet	66,464	109,114
Financial instruments - institutional counterparties	18,618	928
Cash collateral - institutional counterparties	0	0
Net derivatives not offset	47,846	108,186
Liability Derivatives
Liability Derivatives	62,472	117,597
Gross amounts offset on the balance sheet	0	0
Net derivative amounts presented on the balance sheet	62,472	117,597
Financial instruments - institutional counterparties	18,618	928
Cash Collateral	26,566	113,620
Net derivatives not offset	17,288	3,049
Derivatives Not Designated as Hedging Instrument
Asset Derivatives
Fair Value	59,186	108,616
Liability Derivatives
Fair Value	60,209	110,015
Net derivative amounts presented on the balance sheet	26,000
Derivatives Not Designated as Hedging Instrument | Credit Risk Contract
Liability Derivatives
Cash Collateral	650
Derivatives Not Designated as Hedging Instrument | Other Assets | Interest Rate Products
Asset Derivatives
Notional Amount	1,188,703	1,316,163
Fair Value	59,110	108,519
Derivatives Not Designated as Hedging Instrument | Other Assets | Credit Risk Contract
Asset Derivatives
Notional Amount	33,683	47,745
Fair Value	76	97
Derivatives Not Designated as Hedging Instrument | Other Liabilities | Interest Rate Products
Liability Derivatives
Aggregate notional amount for derivative liability	1,188,703	1,316,163
Fair Value	60,163	109,957
Derivatives Not Designated as Hedging Instrument | Other Liabilities | Credit Risk Contract
Liability Derivatives
Aggregate notional amount for derivative liability	97,213	73,954
Fair Value	46	58
Designated as Hedging Instrument
Liability Derivatives
Aggregate notional amount for derivative liability	600,000
Designated as Hedging Instrument | Other Assets | Interest Rate Products
Asset Derivatives
Notional Amount	250,000	175,000
Fair Value	7,278	498
Designated as Hedging Instrument | Other Liabilities | Interest Rate Products
Liability Derivatives
Aggregate notional amount for derivative liability	350,000	425,000
Fair Value	$ 2,263	$ 7,582

Derivative and Hedging Activi_4

Derivative and Hedging Activities - Gains and Losses on Derivatives (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Derivatives Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in Income on derivatives	$ 413	$ (920)	$ (117)
Derivatives Not Designated as Hedging Instrument | Interest Rate Products | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in Income on derivatives	384	(950)	(64)
Derivatives Not Designated as Hedging Instrument | Credit Risk Contract | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in Income on derivatives	29	30	(53)
Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in Income on derivatives	3,878	1,741	(624)
Designated as Hedging Instrument | Interest Rate Products | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in Income on derivatives	$ 3,878	$ 1,741	$ (624)

Revenue Recognition (Summary of

Revenue Recognition (Summary of Revenue) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Percentage of total revenue excluded from adoption of 606	82.00%	83.00%	85.00%
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 57,558	$ 45,532	$ 41,354
Total out-of-scope non-interest income	29,251	26,899	22,440
Total non-interest income	86,809	72,431	63,794
Wealth management fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	30,756	25,733	22,503
Insurance agency income
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	10,216	3,513	0
Banking service charges and other fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	16,586	16,286	18,851
Service charges on deposit accounts
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	10,921	10,312	13,117
Debit card and ATM fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 5,665	$ 5,974	$ 5,734

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Thousands	Jan. 01, 2019	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Operating lease, right-of-use asset		$ 48,808
Operating lease liabilities		$ 50,236
Deferred gain associated with sales leaseback transactions	$ 5,900
Weighted average remaining lease term		8 years 10 months 24 days
Weighted average discount rate		2.77%
ASU 2016-02
Lessee, Lease, Description [Line Items]
Operating lease, right-of-use asset	44,900
Operating lease liabilities	$ 46,100
Woodbridge, NJ
Lessee, Lease, Description [Line Items]
Operating lease, right-of-use asset		$ 10,000
Operating lease liabilities		$ 10,000

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease, right-of-use asset	$ 48,808
Operating lease liabilities	$ 50,236
Operating lease, liability, statement of financial position [Extensible List]	Other assets	Other assets
Operating lease, right-of-use asset, statement of financial position [Extensible List]	Other liabilities	Other liabilities

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow and Lease Cost Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease cost	$ 10,074	$ 9,012
Variable lease cost	2,899	2,756
Total Lease Cost	12,973	11,768
Operating cash flows from operating leases	$ 9,255	$ 8,863

Leases - Schedule of Minimum Pa

Leases - Schedule of Minimum Payments (Details) $ in Thousands	Dec. 31, 2021USD ($)
Leases [Abstract]
2022	$ 7,657
2023	7,414
2024	7,039
2025	6,481
2026	5,247
Thereafter	23,400
Total future minimum lease payments	57,238
Amounts representing interest	7,002
Operating Lease, Liability	$ 50,236

Uncategorized Items - pfs-20211

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-02 [Member]