First Foundation (FFWM) 10-Q 8 Aug 23 2023 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 03, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-36461
Entity Registrant Name	FIRST FOUNDATION INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-8639702
Entity Address, Address Line One	200 Crescent Court
Entity Address, Address Line Two	Suite 1400
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75201
City Area Code	469
Local Phone Number	638-9636
Title of 12(b) Security	Common Stock
Trading Symbol	FFWM
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		56,443,774
Amendment Flag	false
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001413837

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 926,081	$ 656,494
Securities available-for-sale ("AFS")	209,298	237,597
Securities held-to-maturity ("HTM")	814,661	862,544
Allowance for credit losses - investments	(8,535)	(11,439)
Net securities	1,015,424	1,088,702
Loans held for investment	10,585,201	10,726,193
Allowance for credit losses - loans	(31,485)	(33,731)
Net loans	10,553,716	10,692,462
Investment in FHLB stock	19,485	25,358
Deferred taxes	23,187	24,198
Premises and equipment, net	36,584	36,141
Real estate owned ("REO")	6,210	6,210
Goodwill and intangibles	5,730	221,835
Other assets	254,137	262,779
Total Assets	12,840,554	13,014,179
Liabilities:
Deposits	10,806,986	10,362,612
Borrowings	975,541	1,369,936
Accounts payable and other liabilities	142,493	147,253
Total Liabilities	11,925,020	11,879,801
Shareholders' Equity
Common Stock	56	56
Additional paid-in-capital	719,779	719,606
Retained earnings	215,540	426,659
Accumulated other comprehensive loss	(19,841)	(11,943)
Total Shareholders' Equity	915,534	1,134,378
Total Liabilities and Shareholders' Equity	$ 12,840,554	$ 13,014,179

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Interest income:
Loans	$ 123,471	$ 82,032	$ 244,114	$ 154,059
Securities	6,772	6,621	13,663	12,981
FHLB Stock, fed funds sold and interest-bearing deposits	15,085	1,318	24,551	2,075
Total interest income	145,328	89,971	282,328	169,115
Interest expense:
Deposits	72,932	6,340	135,072	9,698
Borrowings	23,412	1,826	39,517	3,118
Total interest expense	96,344	8,166	174,589	12,816
Net interest income	48,984	81,805	107,739	156,299
Provision (reversal) for credit losses	887	173	1,304	(619)
Net interest income after provision for credit losses	48,097	81,632	106,435	156,918
Noninterest income:
Asset management, consulting and other fees	$ 9,016	$ 9,893	$ 17,812	$ 20,090
Type of Revenue [Extensible List]	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember
Other income	$ 3,063	$ 3,507	$ 5,965	$ 8,737
Total noninterest income	12,079	13,400	23,777	28,827
Noninterest expense:
Compensation and benefits	21,026	27,634	46,312	57,455
Occupancy and depreciation	9,181	8,814	18,078	17,381
Professional services and marketing costs	3,642	3,030	7,937	6,447
Customer service costs	19,004	4,611	35,719	6,399
Goodwill impairment	215,252		215,252
Other expenses	4,659	4,716	8,806	8,741
Total noninterest expense	272,764	48,805	332,104	96,423
(Loss) income before income taxes	(212,588)	46,227	(201,892)	89,322
Income tax (benefit) expense	(300)	12,911	1,900	25,170
Net (loss) income	$ (212,288)	$ 33,316	$ (203,792)	$ 64,152
Net (loss) income per share:
Basic (in dollars per share)	$ (3.76)	$ 0.59	$ (3.61)	$ 1.14
Diluted (in dollars per share)	$ (3.76)	$ 0.59	$ (3.61)	$ 1.13
Shares used in computation:
Basic (in shares)	56,430,813	56,471,470	56,403,891	56,468,678
Diluted (in shares)	56,430,813	56,519,669	56,403,891	56,543,492

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-in-Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Beginning balance at Dec. 31, 2021	$ 56	$ 720,744	$ 340,976	$ 2,275	$ 1,064,051
Beginning balance (in shares) at Dec. 31, 2021	56,432,070
Net Income (Loss)			64,152		64,152
Other comprehensive loss				(11,348)	(11,348)
Stock based compensation		2,037			2,037
Cash dividend			(12,424)		(12,424)
Exercise of options		18			18
Exercise of options (in shares)	2,000
Stock grants - vesting of restricted stock units (in shares)	133,374
Repurchase of shares from restricted shares vesting		(1,120)			(1,120)
Repurchase of shares from restricted shares vesting (in shares)	(42,947)
Stock repurchase		(2,457)			(2,457)
Stock repurchase (in shares)	(137,583)
Ending balance at Jun. 30, 2022	$ 56	719,222	392,704	(9,073)	1,102,909
Ending balance (in shares) at Jun. 30, 2022	56,386,914
Beginning balance at Mar. 31, 2022	$ 57	720,846	365,604	(3,932)	1,082,575
Beginning balance (in shares) at Mar. 31, 2022	56,514,168
Net Income (Loss)			33,316		33,316
Other comprehensive loss				(5,141)	(5,141)
Stock based compensation		833			833
Cash dividend			(6,216)		(6,216)
Stock grants - vesting of restricted stock units	$ (1)				(1)
Stock grants - vesting of restricted stock units (in shares)	10,674
Repurchase of shares from restricted shares vesting (in shares)	(345)
Stock repurchase		(2,457)			(2,457)
Stock repurchase (in shares)	(137,583)
Ending balance at Jun. 30, 2022	$ 56	719,222	392,704	(9,073)	1,102,909
Ending balance (in shares) at Jun. 30, 2022	56,386,914
Beginning balance at Dec. 31, 2022	$ 56	719,606	426,659	(11,943)	1,134,378
Beginning balance (in shares) at Dec. 31, 2022	56,325,242
Net Income (Loss)			(203,792)		(203,792)
Other comprehensive loss				(7,898)	(7,898)
Stock based compensation		550			550
Cash dividend			(7,327)		(7,327)
Exercise of options		157			157
Exercise of options (in shares)	19,500
Stock grants - vesting of restricted stock units (in shares)	133,386
Repurchase of shares from restricted shares vesting		(534)			(534)
Repurchase of shares from restricted shares vesting (in shares)	(35,058)
Ending balance at Jun. 30, 2023	$ 56	719,779	215,540	(19,841)	915,534
Ending balance (in shares) at Jun. 30, 2023	56,443,070
Beginning balance at Mar. 31, 2023	$ 56	719,261	428,956	(14,535)	1,133,738
Beginning balance (in shares) at Mar. 31, 2023	56,424,276
Net Income (Loss)			(212,288)		(212,288)
Other comprehensive loss				(5,306)	(5,306)
Stock based compensation		518			518
Cash dividend			(1,128)		(1,128)
Stock grants - vesting of restricted stock units (in shares)	18,794
Ending balance at Jun. 30, 2023	$ 56	$ 719,779	$ 215,540	$ (19,841)	$ 915,534
Ending balance (in shares) at Jun. 30, 2023	56,443,070

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net Income (Loss)	$ (212,288)	$ 33,316	$ (203,792)	$ 64,152
Other comprehensive loss:
Unrealized holding losses on securities arising during the period	(8,423)	(7,095)	(13,932)	(15,170)
Credit loss expense	504	483	1,477	827
Other comprehensive loss before tax	(7,919)	(6,612)	(12,455)	(14,343)
Income tax benefit related to items of other comprehensive loss	2,613	1,471	4,557	2,995
Other comprehensive loss	(5,306)	(5,141)	(7,898)	(11,348)
Total comprehensive (loss) income	$ (217,594)	$ 28,175	$ (211,690)	$ 52,804

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Cash Flows from Operating Activities:
Net (loss) income		$ (203,792)	$ 64,152
Adjustments to reconcile net income to net cash provided by operating activities:
Goodwill impairment	$ 215,252	215,252
Provision for credit losses - loans		237	(1,446)
Provision for credit losses - securities AFS	218	1,067	827	$ 1,040
Stock-based compensation expense		550	2,037
Depreciation and amortization		2,157	2,019
Deferred tax expense		4,654	1,941
Amortization of premium (discount) on securities		(53)	1,677
Amortization of core deposit intangible		853	999
Amortization of mortgage servicing rights - net		1,155	1,070
Amortization of OCI - securities transfer to HTM		914	(591)
Valuation allowance on mortgage servicing rights - net		(979)	(319)
(Increase) decrease in other assets		9,485	(6,482)
Increase (decrease) in accounts payable and other liabilities		(6,092)	4,476
Net cash provided by operating activities		25,408	70,360
Cash Flows from Investing Activities:
Net decrease (increase) in loans		137,902	(2,016,119)
Purchase of premises and equipment		(2,603)	(3,523)
Disposals of premises and equipment			3,388
Recovery of allowance for credit losses		920	298
Purchases of securities AFS			(398)
Purchases of securities HTM			(171,852)
Maturities of securities AFS		11,488	18,524
Maturities of securities HTM		48,322	156,811
Sale of FHLB and FRB stock, net		5,873	999
Net cash provided by (used in) investing activities		201,902	(2,011,872)
Cash Flows from Financing Activities:
Increase in deposits		444,375	726,784
Net (decrease) increase in FHLB & other advances		(295,000)	149,000
Line of credit net change - borrowings, net			(18,500)
Net increase in subordinated debt		32	147,608
Net increase (decrease) in repurchase agreements		(99,426)	5,493
Gain on sale leaseback			(1,123)
Dividends paid		(7,327)	(12,424)
Proceeds from exercise of stock options		157	18
Repurchase of stock		(534)	(3,577)
Net cash provided by financing activities		42,277	993,279
Increase (decrease) in cash and cash equivalents		269,587	(948,233)
Cash and cash equivalents at beginning of year		656,494	1,121,757	1,121,757
Cash and cash equivalents at end of period	926,081	926,081	173,524	656,494
Supplemental disclosures of cash flow information:
Income taxes			22,500
Interest		142,628	10,563
Noncash transactions:
Transfer of securities from available-for-sale to held-to-maturity			916,777
Goodwill acquisition adjustment			1,623
Right of use lease assets and liabilities recognized		1,019	5,428
Chargeoffs against allowance for credit losses - loans	1,087	3,090	$ 145	$ 720
Chargeoffs against allowance for credit losses - securities	$ 3,971	$ 3,971

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations and Principles of Consolidation First Foundation Inc. (“FFI”) is a financial services holding company whose operations are conducted through its wholly owned subsidiaries: First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB” or the “Bank”) and the wholly owned subsidiaries of FFB, First Foundation Public Finance (“FFPF”), First Foundation Insurance Services (“FFIS”) and Blue Moon Management, LLC (collectively the “Company”). FFI also has two inactive wholly owned subsidiaries, First Foundation Consulting and First Foundation Advisors, LLC. In addition, FFA has set up a limited liability company, which is not included in these consolidated financial statements, as a private investment fund to provide an investment vehicle for its clients. FFI is incorporated in the state of Delaware. The corporate headquarters for FFI is located in Dallas, Texas. The Company provides a comprehensive platform of financial services to individuals, businesses and other organizations and has offices in California, Nevada, Florida, Texas, and Hawaii. The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and prevailing practices within the banking industry. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses for the period. Actual results could differ significantly from those estimates. The accompanying unaudited consolidated financial statements include the accounts of the Company as of June 30, 2023 and December 31, 2022, and for the six months ended June 30, 2023 and 2022, and include all information and footnotes required for interim financial reporting presentation. All intercompany accounts and transactions have been eliminated in consolidation. The results for the 2023 interim periods are not necessarily indicative of the results expected for the full year. These financial statements assume that readers have read the most recent Annual Report on Form 10-K filed with the SEC which contains the latest available audited consolidated financial statements and notes thereto as of and for the year ended December 31, 2022. Significant Accounting Policies The accounting and reporting policies of the Company are based upon GAAP and conform to predominant practices within the banking industry. We have not made any changes in our significant accounting policies from those disclosed in our Annual Report on Form 10-K for the year ended December 31, 2022. New Accounting Pronouncements On January 1, 2023, the Company adopted ASU 2022-02, “ Financial Instruments – Credit Losses (Topic 326), Troubled Debt Restructurings (“TDRs”) and Vintage Disclosures” Subtopic 310-40, Receivables – Troubled Debt Restructurings by Creditors Financial Instruments – Credit Losses on Financial Instruments” In March 2020, the Financial Accounting Standards Board (“FASB”) issued ASU 2020-04, “ Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting” reform if certain criteria are met. The amendments in this ASU apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The amendments in this ASU are effective as of March 12, 2020 through December 31, 2022. The Company has permanently ceased originating any new loans or entering into any transaction that would increase its LIBOR-based exposure. For all new variable-rate loans and transactions, the Company primarily offers Prime, SOFR, and other indices as the variable-rate index. All variable rate loans tied to LIBOR will index to Prime, SOFR, or other indices at the next loan reset date. This transition did not have a material impact on the consolidated financial statements.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2023
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	NOTE 2: FAIR VALUE MEASUREMENTS Assets Measured at Fair Value on a Recurring Basis Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Current accounting guidance establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect the Company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The following tables show the recorded amounts of assets and liabilities measured at fair value on a recurring basis as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement Level (dollars in thousands) ​ Total ​ Level 1 ​ Level 2 ​ Level 3 June 30, 2023: ​ ​ ​ ​ Investment securities available for sale: ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 8,095 ​ $ — ​ $ 8,095 ​ $ — Agency mortgage-backed securities ​ 6,571 ​ — ​ 6,571 ​ — Municipal bonds ​ 46,295 ​ — ​ 46,295 ​ — SBA securities ​ ​ 15,715 ​ ​ — ​ ​ 15,715 ​ ​ — Beneficial interests in FHLMC securitization ​ ​ 7,599 ​ ​ — ​ ​ — ​ ​ 7,599 Corporate bonds ​ 115,262 ​ — ​ 115,262 ​ — U.S. Treasury ​ ​ 1,226 ​ ​ 1,226 ​ ​ — ​ ​ — Investment in equity securities ​ 9,774 ​ — ​ — ​ 9,774 Total assets at fair value on a recurring basis ​ $ 210,537 ​ $ 1,226 ​ $ 191,938 ​ $ 17,373 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment securities available for sale: ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 8,615 ​ $ — ​ $ 8,615 ​ $ — Agency mortgage-backed securities ​ ​ 7,576 ​ ​ — ​ ​ 7,576 ​ ​ — Municipal bonds ​ 46,790 ​ — ​ 46,790 ​ — SBA securities ​ 18,955 ​ — ​ 18,955 ​ — Beneficial interests in FHLMC securitization ​ 7,981 ​ — ​ — ​ 7,981 Corporate bonds ​ ​ 135,013 ​ ​ — ​ ​ 135,013 ​ ​ — U.S. Treasury ​ 1,228 ​ 1,228 ​ — ​ — Investment in equity securities ​ 9,767 ​ — ​ — ​ 9,767 Total assets at fair value on a recurring basis ​ $ 235,925 ​ $ 1,228 ​ $ 216,949 ​ $ 17,748 ​ The decrease in Level 3 assets from December 31, 2022 was primarily due to securitization paydowns and the write-off of several interest-only strip securities in the year to date period ended June 30, 2023. Assets Measured at Fair Value on a Nonrecurring Basis From time to time, we may be required to measure other assets at fair value on a nonrecurring basis. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. Loans December 31, 2022, respectively. Specific reserves related to these loans totaled $0 and $0.6 million at June 30, 2023 and December 31, 2022, respectively. Real Estate Owned Mortgage Servicing Rights. Fair Value of Financial Instruments FASB Accounting Standards Codification (“ASC”) 825-10, “ Disclosures about Fair Value of Financial Instruments Fair value estimates are made at a discrete point in time based on relevant market information and other information about the financial instruments. Because no active market exists for a significant portion of our financial instruments, fair value estimates are based in large part on judgments we make primarily regarding current economic conditions, risk characteristics of various financial instruments, prepayment rates, and future expected loss experience. These estimates are subjective in nature and invariably involve some inherent uncertainties. Additionally, unexpected changes in events or circumstances can occur that could require us to make changes to our assumptions and which, in turn, could significantly affect and require us to make changes to our previous estimates of fair value. In addition, the fair value estimates are based on existing on and off-balance sheet financial instruments without attempting to estimate the value of existing and anticipated future customer relationships and the value of assets and liabilities that are not considered financial instruments, such as premises and equipment and other real estate owned. The following methods and assumptions were used to estimate the fair value of financial instruments: Cash and Cash Equivalents Interest-Bearing Deposits with Financial Institutions. ​ Investment Securities Investment in Equity Securities. Investment in Federal Home Loan Bank Stock. Loans Held for Investment Deposits Borrowings The carrying amounts and estimated fair values of financial instruments are as follows as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Fair Value Measurement Level (dollars in thousands) ​ Value ​ 1 ​ 2 ​ 3 ​ Total June 30, 2023: ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 926,081 ​ $ 926,081 ​ $ — ​ $ — ​ $ 926,081 Securities AFS, net ​ 200,763 ​ 1,226 ​ 191,938 ​ 7,599 ​ 200,763 Securities HTM ​ ​ 814,661 ​ ​ — ​ ​ 724,108 ​ ​ — ​ ​ 724,108 Loans, net ​ 10,553,716 ​ — ​ — ​ 10,225,043 ​ 10,225,043 Investment in FHLB stock ​ 19,485 ​ — ​ 19,485 ​ — ​ 19,485 Investment in equity securities ​ 9,774 ​ — ​ — ​ 9,774 ​ 9,774 Liabilities: ​ ​ ​ ​ ​ Deposits ​ $ 10,806,986 ​ $ 8,037,546 ​ $ 2,758,363 ​ $ — ​ $ 10,795,909 Borrowings ​ 975,541 ​ 730,000 ​ — ​ 131,407 ​ 861,407 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 656,494 ​ $ 656,494 ​ $ — ​ $ — ​ $ 656,494 Securities AFS, net ​ 226,158 ​ 1,228 ​ 216,949 ​ 7,981 ​ 226,158 Securities HTM ​ ​ 862,544 ​ ​ ​ ​ ​ 773,061 ​ ​ ​ ​ ​ 773,061 Loans, net ​ 10,692,462 ​ — ​ — ​ 10,354,052 ​ 10,354,052 Investment in FHLB stock ​ 25,358 ​ — ​ 25,358 ​ — ​ 25,358 Investment in equity securities ​ 9,767 ​ — ​ — ​ 9,767 ​ 9,767 Liabilities: ​ ​ ​ ​ ​ ​ Deposits ​ $ 10,362,612 ​ $ 8,483,770 ​ $ 1,865,502 ​ $ — ​ $ 10,349,272 Borrowings ​ 1,369,936 ​ 1,176,601 ​ — ​ 153,121 ​ 1,329,722 ​

SECURITIES

SECURITIES	6 Months Ended
	Jun. 30, 2023
SECURITIES
SECURITIES	NOTE 3: SECURITIES The following table provides a summary of the Company’s securities AFS portfolio as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Gross Unrealized ​ Allowance for ​ Estimated (dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Credit Losses ​ Fair Value June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 9,463 ​ $ — ​ $ (1,368) ​ $ — ​ $ 8,095 Agency mortgage-backed securities ​ ​ 7,107 ​ ​ — ​ ​ (536) ​ ​ — ​ ​ 6,571 Municipal bonds ​ ​ 49,684 ​ ​ — ​ ​ (3,389) ​ ​ — ​ ​ 46,295 SBA securities ​ ​ 15,833 ​ ​ 3 ​ ​ (121) ​ ​ — ​ ​ 15,715 Beneficial interests in FHLMC securitization ​ 14,921 ​ ​ 97 ​ ​ (361) ​ ​ (7,058) ​ 7,599 Corporate bonds ​ 138,934 ​ ​ — ​ ​ (22,195) ​ ​ (1,477) ​ 115,262 U.S. Treasury ​ 1,298 ​ ​ — ​ ​ (72) ​ ​ — ​ 1,226 Total ​ $ 237,240 ​ $ 100 ​ $ (28,042) ​ $ (8,535) ​ $ 200,763 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 9,865 ​ $ — ​ $ (1,250) ​ $ — ​ $ 8,615 Agency mortgage-backed securities ​ ​ 8,161 ​ ​ — ​ ​ (585) ​ ​ — ​ ​ 7,576 Municipal bonds ​ ​ 50,232 ​ ​ — ​ ​ (3,442) ​ ​ — ​ ​ 46,790 SBA securities ​ ​ 19,090 ​ ​ 3 ​ ​ (138) ​ ​ — ​ ​ 18,955 Beneficial interests in FHLMC securitization ​ 19,415 ​ 108 ​ (103) ​ (11,439) ​ 7,981 Corporate bonds ​ 145,024 ​ — ​ (10,011) ​ — ​ 135,013 U.S. Treasury ​ 1,298 ​ 1 ​ (71) ​ — ​ 1,228 Total ​ $ 253,085 ​ $ 112 ​ $ (15,600) ​ $ (11,439) ​ $ 226,158 ​ As of June 30, 2023, U.S. Treasury securities of $1.2 million included in the table above are pledged as collateral to the States of California and Florida to meet regulatory requirements related to the Bank’s trust operations, and $226.6 million of agency mortgage-backed securities are pledged as collateral as support for the Bank’s obligations under loan sales and securitizations agreements entered into from 2018 and 2021. A total of $59.6 million in SBA and agency mortgage-backed securities are pledged as collateral for repurchase agreements. A total of $900.6 million in SBA and agency mortgage-backed securities, corporate and municipal bonds, and loans are pledged as collateral to the Federal Reserve’s discount window and bank term funding program from which the Bank may borrow. The following table provides a summary of the Company’s securities HTM portfolio as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Gross Unrecognized ​ Allowance for ​ Estimated (dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Credit Losses ​ Fair Value June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ 814,661 ​ $ — ​ $ (90,553) ​ $ — ​ $ 724,108 Total ​ $ 814,661 ​ $ — ​ $ (90,553) ​ $ — ​ $ 724,108 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ 862,544 ​ $ — ​ $ (89,483) ​ $ — ​ $ 773,061 Total ​ $ 862,544 ​ $ — ​ $ (89,483) ​ $ — ​ $ 773,061 ​ In 2022, the Company transferred $917 million in securities AFS to securities HTM. The securities were transferred at their amortized cost basis, net of any remaining unrealized gain or loss reported in accumulated other comprehensive income. The related unrealized gain (or loss) of $0.6 million included in other comprehensive income remained in other comprehensive income to be amortized, with an offsetting entry to interest income as a yield adjustment through earnings over the remaining term of the securities. Subsequent to transfer, the ACL on these securities was evaluated under the accounting policy for securities HTM. The securities HTM portfolio consists solely of agency-backed MBS securities in which the Company has reason to believe the credit loss exposure is remote, as these securities are guaranteed by a U.S. government sponsored entity (“GSE”). As such, the ACL related to the securities HTM portfolio was zero at June 30, 2023 and December 31, 2022, respectively. We monitor the credit quality of the securities in the investment portfolios by evaluating various quantitative attributes. The credit quality indicators the Company monitors include, but are not limited to, credit ratings of individual securities and the credit rating of government sponsored enterprises that guarantee the securities. Credit ratings express opinions about the credit quality of a security. Securities rated investment grade, as defined by NRSROs, are generally considered by the rating agencies and market participants to be low credit risk. As of June 30, 2023, all of the Company’s securities were either investment grade or were issued by a U.S. government agency or a U.S. government sponsored enterprise with an investment grade rating. The tables below indicate the gross unrealized losses and fair values of our investments AFS, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities with Unrealized Loss at June 30, 2023 ​ ​ Less than 12 months ​ 12 months or more ​ Total ​ ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized (dollars in thousands) Value Loss Value Loss Value Loss Collateralized mortgage obligations ​ $ — ​ $ — ​ $ 8,095 ​ $ (1,368) ​ $ 8,095 ​ $ (1,368) Agency mortgage-backed securities ​ ​ — ​ ​ — ​ ​ 6,569 ​ ​ (536) ​ ​ 6,569 ​ ​ (536) Municipal bonds ​ ​ 3,561 ​ ​ (62) ​ ​ 40,924 ​ ​ (3,327) ​ ​ 44,485 ​ ​ (3,389) SBA securities ​ ​ 13,842 ​ ​ (114) ​ ​ 738 ​ ​ (7) ​ ​ 14,580 ​ ​ (121) Beneficial interests in FHLMC securitization ​ ​ 4,038 ​ ​ (361) ​ ​ — ​ ​ — ​ ​ 4,038 ​ ​ (361) Corporate bonds ​ ​ 14,133 ​ ​ (867) ​ ​ 102,606 ​ ​ (21,328) ​ ​ 116,739 ​ ​ (22,195) U.S. Treasury ​ ​ 396 ​ ​ (4) ​ ​ 831 ​ ​ (68) ​ ​ 1,227 ​ ​ (72) Total temporarily impaired securities ​ $ 35,970 ​ $ (1,408) ​ $ 159,763 ​ $ (26,634) ​ $ 195,733 ​ $ (28,042) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities with Unrealized Loss at December 31, 2022 ​ ​ Less than 12 months ​ 12 months or more ​ Total ​ ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized (dollars in thousands) Value Loss Value Loss Value Loss Collateralized mortgage obligations $ 2 $ — $ 8,613 $ (1,250) $ 8,615 $ (1,250) Agency mortgage-backed securities ​ ​ 6,882 ​ ​ (525) ​ ​ 696 ​ ​ (60) ​ ​ 7,578 ​ ​ (585) Municipal bonds ​ ​ 44,971 ​ ​ (3,244) ​ ​ 1,819 ​ ​ (198) ​ ​ 46,790 ​ ​ (3,442) SBA securities ​ ​ 17,237 ​ ​ (137) ​ ​ 121 ​ ​ (1) ​ ​ 17,358 ​ ​ (138) Beneficial interests in FHLMC securitization ​ ​ 4,217 ​ ​ (103) ​ ​ — ​ ​ — ​ ​ 4,217 ​ ​ (103) Corporate bonds ​ ​ 108,056 ​ ​ (6,476) ​ ​ 26,957 ​ ​ (3,535) ​ ​ 135,013 ​ ​ (10,011) U.S. Treasury ​ 376 ​ (23) ​ 451 ​ (48) ​ 827 ​ (71) Total temporarily impaired securities ​ $ 181,741 ​ $ (10,508) ​ $ 38,657 ​ $ (5,092) ​ $ 220,398 ​ $ (15,600) ​ ​ Unrealized losses in agency mortgage backed securities, beneficial interests in FHLMC securitizations, and other securities have not been recognized into income because the issuer bonds are of high credit quality, management does not intend to sell, it is not more likely than not that management would be required to sell the securities prior to their anticipated recovery, and the decline in fair value is largely due to changes in discount rates and assumptions regarding future interest rates. The fair value is expected to recover as the bonds approach maturity. The tables below indicate the gross unrecognized losses and fair values of our securities HTM portfolio, aggregated by investment category and length of time that the individual securities have been in a continuous unrecognized loss position. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities with Unrecognized Loss at June 30, 2023 ​ ​ Less than 12 months ​ 12 months or more ​ Total ​ ​ Fair ​ Unrecognized ​ Fair ​ Unrecognized ​ Fair ​ Unrecognized (dollars in thousands) Value Loss Value Loss Value Loss Agency mortgage-backed securities ​ $ — ​ $ — ​ $ 724,108 ​ $ (90,553) ​ $ 724,108 ​ $ (90,553) Total temporarily impaired securities ​ $ — ​ $ — ​ $ 724,108 ​ $ (90,553) ​ $ 724,108 ​ $ (90,553) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities with Unrecognized Loss at December 31, 2022 ​ ​ Less than 12 months ​ 12 months or more ​ Total ​ ​ Fair ​ Unrecognized ​ Fair ​ Unrecognized ​ Fair ​ Unrecognized (dollars in thousands) Value Loss Value Loss Value Loss Agency mortgage-backed securities ​ $ 394,619 ​ $ (37,418) ​ $ 378,442 ​ $ (52,065) ​ $ 773,061 ​ $ (89,483) Total temporarily impaired securities ​ $ 394,619 ​ $ (37,418) ​ $ 378,442 ​ $ (52,065) ​ $ 773,061 ​ $ (89,483) ​ The following is a rollforward of the Company’s allowance for credit losses related to investments for the following periods: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning ​ Provision (Reversal) ​ ​ ​ ​ ​ Ending (dollars in thousands) ​ ​ Balance ​ ​ for Credit Losses ​ ​ Charge-offs ​ ​ Recoveries ​ ​ Balance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal bonds ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Beneficial interests in FHLMC securitization ​ ​ 11,315 ​ ​ (286) ​ ​ (3,971) ​ ​ — ​ ​ 7,058 Corporate bonds ​ ​ 973 ​ ​ 504 ​ ​ — ​ ​ — ​ ​ 1,477 Total $ 12,288 $ 218 $ (3,971) $ — $ 8,535 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal bonds ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Beneficial interests in FHLMC securitization ​ ​ 11,439 ​ ​ (410) ​ ​ (3,971) ​ ​ — ​ ​ 7,058 Corporate bonds ​ ​ — ​ ​ 1,477 ​ ​ — ​ ​ — ​ ​ 1,477 Total $ 11,439 $ 1,067 $ (3,971) $ — $ 8,535 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal bonds ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Beneficial interests in FHLMC securitization ​ ​ 10,399 ​ ​ 1,040 ​ ​ — ​ ​ — ​ ​ 11,439 Corporate bonds ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 10,399 $ 1,040 $ — $ — $ 11,439 ​ During the three and six months ended June 30, 2023, the Company recorded provision for credit losses of $0.2 million and $1.1 million, respectively. During the three and six months ended June 30, 2023, the Company recorded charge-offs of $4.0 million related to several interest-only strip securities. The ACL on investment securities is determined for both held-to-maturity and available-for-sale classifications of the investment portfolio in accordance with ASC 326, and is evaluated on a quarterly basis. The ACL for held-to-maturity investment securities is determined on a collective basis, based on shared risk characteristics, and is determined at the individual security level when the Company deems a security to no longer possess shared risk characteristics. Under ASC 326-20, for investment securities where the Company has reason to believe the credit loss exposure is remote, such as those guaranteed by the U.S. government or government sponsored entities, a zero loss expectation is applied and a company is not required to estimate and recognize an ACL. The scheduled maturities of securities AFS and the related weighted average yields were as follows for the periods indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 1 Through 5 Through After ​ ​ (dollars in thousands) ​ 1 Year ​ 5 years ​ 10 Years ​ 10 Years ​ Total June 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost: ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ — ​ $ 567 ​ $ 8,896 ​ $ 9,463 ​ Agency mortgage-backed securities ​ ​ — ​ ​ 5,460 ​ ​ — ​ ​ 1,647 ​ ​ 7,107 ​ Municipal bonds ​ ​ — ​ ​ 9,274 ​ ​ 35,227 ​ ​ 5,183 ​ ​ 49,684 ​ SBA securities ​ ​ 3 ​ ​ 1,306 ​ ​ 665 ​ ​ 13,859 ​ ​ 15,833 ​ Beneficial interests in FHLMC securitization ​ ​ — ​ ​ 9,225 ​ ​ — ​ ​ 5,696 ​ ​ 14,921 ​ Corporate bonds ​ ​ 5,039 ​ ​ 45,437 ​ ​ 82,929 ​ ​ 5,529 ​ ​ 138,934 ​ U.S. Treasury ​ — ​ ​ 1,298 ​ ​ — ​ ​ — ​ 1,298 ​ Total ​ $ 5,042 ​ $ 72,000 ​ $ 119,388 ​ $ 40,810 ​ $ 237,240 ​ Weighted average yield ​ 4.72 % 5.25 % 3.30 % 2.49 % 3.78 % Estimated Fair Value: ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ — ​ $ 509 ​ $ 7,586 ​ $ 8,095 ​ Agency mortgage-backed securities ​ ​ — ​ ​ 5,118 ​ ​ — ​ ​ 1,453 ​ ​ 6,571 ​ Municipal bonds ​ ​ — ​ ​ 8,766 ​ ​ 33,309 ​ ​ 4,220 ​ ​ 46,295 ​ SBA securities ​ ​ 3 ​ ​ 1,296 ​ ​ 663 ​ ​ 13,753 ​ ​ 15,715 ​ Beneficial interests in FHLMC securitization ​ ​ — ​ ​ 9,225 ​ ​ — ​ ​ 5,432 ​ ​ 14,657 ​ Corporate bonds ​ ​ 4,789 ​ ​ 44,004 ​ ​ 63,707 ​ ​ 4,239 ​ ​ 116,739 ​ U.S. Treasury ​ — ​ ​ 1,226 ​ ​ — ​ ​ — ​ 1,226 ​ Total ​ $ 4,792 ​ $ 69,635 ​ $ 98,188 ​ $ 36,683 ​ $ 209,298 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 1 Through 5 Through After ​ ​ (dollars in thousands) ​ 1 Year ​ 5 years ​ 10 Years ​ 10 Years ​ Total December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost: ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ — ​ $ 686 ​ $ 9,179 ​ $ 9,865 ​ Agency mortgage-backed securities ​ ​ — ​ ​ 4,384 ​ ​ 2,107 ​ ​ 1,670 ​ ​ 8,161 ​ Municipal bonds ​ ​ 301 ​ ​ 8,002 ​ ​ 34,501 ​ ​ 7,428 ​ ​ 50,232 ​ SBA securities ​ ​ 14 ​ ​ 1,402 ​ ​ 1,278 ​ ​ 16,396 ​ ​ 19,090 ​ Beneficial interests in FHLMC securitization ​ ​ — ​ ​ 9,860 ​ ​ — ​ ​ 9,555 ​ ​ 19,415 ​ Corporate bonds ​ ​ 6,006 ​ ​ 28,993 ​ ​ 104,494 ​ ​ 5,531 ​ ​ 145,024 ​ U.S. Treasury ​ — ​ 1,298 ​ — ​ — ​ 1,298 ​ Total ​ $ 6,321 ​ $ 53,939 ​ $ 143,066 ​ $ 49,759 ​ $ 253,085 ​ Weighted average yield ​ 4.36 % 3.96 % 3.38 % 1.91 % 3.24 % Estimated Fair Value: ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ — ​ $ 623 ​ $ 7,992 ​ $ 8,615 ​ Agency mortgage-backed securities ​ ​ — ​ ​ 4,133 ​ ​ 1,960 ​ ​ 1,483 ​ ​ 7,576 ​ Municipal bonds ​ ​ 299 ​ ​ 7,565 ​ ​ 32,690 ​ ​ 6,236 ​ ​ 46,790 ​ SBA securities ​ ​ 14 ​ ​ 1,395 ​ ​ 1,272 ​ ​ 16,274 ​ ​ 18,955 ​ Beneficial interests in FHLMC securitization ​ ​ — ​ ​ 9,860 ​ ​ — ​ ​ 9,560 ​ ​ 19,420 ​ Corporate bonds ​ ​ 6,001 ​ ​ 28,022 ​ ​ 96,734 ​ ​ 4,256 ​ ​ 135,013 ​ U.S. Treasury ​ — ​ 1,228 ​ — ​ — ​ 1,228 ​ Total ​ $ 6,314 ​ $ 52,203 ​ $ 133,279 ​ $ 45,801 ​ $ 237,597 ​ ​ The scheduled maturities of securities HTM and the related weighted average yields were as follows for the periods indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 1 Through 5 Through After ​ ​ (dollars in thousands) ​ 1 Year ​ 5 years ​ 10 Years ​ 10 Years ​ Total June 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost: ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ — ​ $ 2,077 ​ $ 16,994 ​ $ 795,590 ​ $ 814,661 ​ Total ​ $ — ​ $ 2,077 ​ $ 16,994 ​ $ 795,590 ​ $ 814,661 ​ Weighted average yield ​ — % 0.71 % 1.25 % 2.00 % ​ 1.98 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value: ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ — ​ $ 1,911 ​ $ 15,346 ​ $ 706,851 ​ $ 724,108 ​ Total ​ $ — ​ $ 1,911 ​ $ 15,346 ​ $ 706,851 ​ $ 724,108 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 1 Through 5 Through After ​ ​ (dollars in thousands) ​ 1 Year ​ 5 years ​ 10 Years ​ 10 Years ​ Total December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost: ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ — ​ $ 208 ​ $ 17,689 ​ $ 844,647 ​ $ 862,544 ​ Total ​ $ — ​ $ 208 ​ $ 17,689 ​ $ 844,647 ​ $ 862,544 ​ Weighted average yield ​ — % 0.36 % 1.12 % 2.31 % ​ 2.28 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value: ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ — ​ $ 192 ​ $ 16,148 ​ $ 756,721 ​ $ 773,061 ​ Total ​ $ — ​ $ 192 ​ $ 16,148 ​ $ 756,721 ​ $ 773,061 ​ ​

LOANS

LOANS	6 Months Ended
	Jun. 30, 2023
LOANS
LOANS	NOTE 4: LOANS The following is a summary of our loans as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, (dollars in thousands) 2023 2022 Outstanding principal balance: ​ ​ ​ ​ Loans secured by real estate: ​ ​ Residential properties: ​ ​ Multifamily ​ $ 5,267,048 ​ $ 5,341,596 Single family ​ 982,779 ​ 1,016,498 Total real estate loans secured by residential properties ​ 6,249,827 ​ 6,358,094 Commercial properties ​ 1,070,518 ​ 1,203,292 Land and construction ​ 159,091 ​ 158,565 Total real estate loans ​ 7,479,436 ​ 7,719,951 Commercial and industrial loans ​ 3,085,242 ​ 2,984,748 Consumer loans ​ 3,591 ​ 4,481 Total loans ​ 10,568,269 ​ 10,709,180 Premiums, discounts and deferred fees and expenses ​ 16,932 ​ 17,013 Total ​ $ 10,585,201 ​ $ 10,726,193 ​ The following table summarizes our delinquent and nonaccrual loans as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Past Due and Still Accruing ​ ​ ​ ​ Total Past ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ Due and ​ ​ ​ ​ ​ ​ (dollars in thousands) 30–59 Days 60-89 Days or More Nonaccrual Nonaccrual Current Total June 30, 2023: ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ Residential properties ​ $ 416 ​ $ — ​ $ — ​ $ 3,373 ​ $ 3,789 ​ $ 6,265,450 ​ $ 6,269,239 Commercial properties ​ 2,538 ​ — ​ 92 ​ 2,822 ​ 5,452 ​ 1,064,201 ​ 1,069,653 Land and construction ​ — ​ — ​ — ​ — ​ — ​ 158,326 ​ 158,326 Commercial and industrial loans ​ 544 ​ 458 ​ 945 ​ 3,421 ​ 5,368 ​ 3,078,982 ​ 3,084,350 Consumer loans ​ 162 ​ — ​ — ​ 10 ​ 172 ​ 3,461 ​ 3,633 Total ​ $ 3,660 ​ $ 458 ​ $ 1,037 ​ $ 9,626 ​ $ 14,781 ​ $ 10,570,420 ​ $ 10,585,201 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Percentage of total loans ​ 0.03 % 0.00 % 0.01 % 0.09 % 0.14 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022: ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ Residential properties ​ $ 511 ​ $ 57 ​ $ — ​ $ 2,556 ​ $ 3,124 ​ $ 6,374,100 ​ $ 6,377,224 Commercial properties ​ 15,000 ​ 946 ​ 1,213 ​ 4,547 ​ 21,706 ​ 1,180,357 ​ 1,202,063 Land and construction ​ — ​ — ​ — ​ — ​ — ​ 157,630 ​ 157,630 Commercial and industrial loans ​ 385 ​ 1,495 ​ 982 ​ 3,228 ​ 6,090 ​ 2,978,668 ​ 2,984,758 Consumer loans ​ — ​ 167 ​ — ​ — ​ 167 ​ 4,351 ​ 4,518 Total ​ $ 15,896 ​ $ 2,665 ​ $ 2,195 ​ $ 10,331 ​ $ 31,087 ​ $ 10,695,106 ​ $ 10,726,193 Percentage of total loans ​ 0.15 % 0.02 % 0.02 % 0.10 % 0.29 % ​ ​ The following table summarizes our nonaccrual loans as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nonaccrual ​ Nonaccrual ​ ​ with Allowance ​ with no Allowance (dollars in thousands) for Credit Losses for Credit Losses June 30, 2023: ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ Residential properties ​ $ — ​ $ 3,373 Commercial properties ​ ​ — ​ ​ 2,822 Commercial and industrial loans ​ 1,584 ​ 1,837 Consumer loans ​ — ​ 10 Total ​ $ 1,584 ​ $ 8,042 ​ ​ ​ ​ ​ ​ ​ December 31, 2022: ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ Residential properties ​ $ — ​ $ 2,556 Commercial properties ​ ​ — ​ ​ 4,547 Commercial and industrial loans ​ 2,016 ​ 1,212 Total ​ $ 2,016 ​ $ 8,315 ​ The Company adopted ASU 2022-02, Financial Instruments-Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures Based on the guidance in ASU 2022-02, a loan modification or refinancing results in a new loan if the terms of the new loan are at least as favorable to the lender as the terms with customers with similar collection risks that are not refinancing or restructuring their loans and the modification to the terms of the loan are more than minor. If a loan modification or refinancing does not result in a new loan, it is classified as a loan modification. There are additional disclosures for modification of loans with borrowers experiencing financial difficulty that result in a direct change in the timing or amount of contractual cash flows. The disclosures are applicable to situations where there is interest rate reduction, term extensions, principal forgiveness, other-than-insignificant payment delays, or a combination of any of these items. The following table presents our loan modifications made to borrowers experiencing financial difficulty by type of modification for the six months ended June 30, 2023 with related amortized cost balances, respective percentage share of the total class of loans, and the related financial effect: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023: ​ ​ Payment Deferrals ​ ​ ​ Amortized Cost Basis ​ % of Total Class of Loans ​ Financial Effect Commercial and industrial loans ​ $ 1,339 ​ 0.04 % 1 loan with payments deferred for 4 months Total ​ $ 1,339 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Combination ​ ​ ​ Amortized Cost Basis ​ % of Total Class of Loans ​ Financial Effect Commercial and industrial loans ​ $ 950 ​ 0.03 % 1 loan with payments deferred for 4 months and term extended by 4 months Total ​ $ 950 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ Amortized Cost Basis ​ % of Total Class of Loans ​ ​ Commercial and industrial loans ​ $ 2,289 ​ 0.07 % ​ Total ​ $ 2,289 ​ ​ ​ ​ ​ The following table presents the amortized cost basis of loans that had a payment default since modification during the six months ended June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023: ​ ​ Payment Deferrals ​ ​ ​ # of Loans Defaulted ​ ​ Amortized Cost Basis Commercial and industrial loans ​ ​ 1 ​ $ 1,339 Total ​ ​ 1 ​ $ 1,339 ​ ​ ​ ​ ​ ​ ​ ​ ​ Combination ​ ​ ​ # of Loans Defaulted ​ ​ Amortized Cost Basis Commercial and industrial loans ​ ​ 1 ​ $ 950 Total ​ ​ 1 ​ $ 950 ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ # of Loans Defaulted ​ ​ Amortized Cost Basis Commercial and industrial loans ​ ​ 2 ​ ​ 2,289 Total ​ $ 2 ​ $ 2,289 ​ The following table presents the payment status of our loan modifications made during the six months ended June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ 90+ Days ​ ​ ​ (dollars in thousands) ​ ​ Current ​ Past Due ​ Past Due ​ Total June 30, 2023: ​ ​ ​ ​ Commercial and industrial loans $ — ​ $ 2,289 ​ $ — ​ $ 2,289 Total $ — ​ $ 2,289 ​ $ — ​ $ 2,289 ​ FASB has provided transition guidance to assist with the implementation of ASU 2022-02. Per this guidance, FASB expects that for comparative periods presented before adoption, current TDR disclosures should continue to be provided. As such, the following table presents the loans classified as TDRs by accrual and nonaccrual status as of the comparative period ended December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 (dollars in thousands) Accrual Nonaccrual Total Commercial real estate loans ​ $ 929 ​ $ 1,066 ​ $ 1,995 Commercial and industrial loans ​ 166 ​ 1,412 ​ 1,578 Total ​ $ 1,095 ​ $ 2,478 ​ $ 3,573 ​

ALLOWANCE FOR CREDIT LOSSES

ALLOWANCE FOR CREDIT LOSSES	6 Months Ended
	Jun. 30, 2023
ALLOWANCE FOR CREDIT LOSSES
ALLOWANCE FOR CREDIT LOSSES	NOTE 5: ALLOWANCE FOR CREDIT LOSSES The following is a rollforward of the allowance for credit losses related to loans for the following periods: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning (Reversal) for ​ ​ ​ Ending (dollars in thousands) ​ Balance ​ Credit Losses ​ Charge-offs ​ Recoveries ​ Balance Three Months Ended June 30, 2023: ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ Residential properties ​ $ 8,263 ​ $ (29) ​ $ — ​ $ — ​ $ 8,234 Commercial properties ​ 5,733 ​ (480) ​ — ​ — ​ 5,253 Land and construction ​ 316 ​ (29) ​ — ​ — ​ 287 Commercial and industrial loans ​ 16,760 ​ 1,404 ​ (1,087) ​ 613 ​ 17,690 Consumer loans ​ 23 ​ (3) ​ — ​ 1 ​ 21 Total ​ $ 31,095 ​ $ 863 ​ $ (1,087) ​ $ 614 ​ $ 31,485 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, 2023: ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ Residential properties ​ $ 8,306 ​ $ (72) ​ $ — ​ $ — ​ $ 8,234 Commercial properties ​ 8,714 ​ (3,212) ​ (249) ​ — ​ 5,253 Land and construction ​ 164 ​ 123 ​ — ​ — ​ 287 Commercial and industrial loans ​ 16,521 ​ 3,089 ​ (2,839) ​ 919 ​ 17,690 Consumer loans ​ 26 ​ (4) ​ (2) ​ 1 ​ 21 Total ​ $ 33,731 ​ $ (76) ​ $ (3,090) ​ $ 920 ​ $ 31,485 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022: ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ Residential properties ​ $ 2,637 ​ $ 5,674 ​ $ (5) ​ $ — ​ $ 8,306 Commercial properties ​ 17,049 ​ (8,335) ​ — ​ — ​ 8,714 Land and construction ​ 1,995 ​ (1,831) ​ — ​ — ​ 164 Commercial and industrial loans ​ 11,992 ​ 4,804 ​ (711) ​ 436 ​ 16,521 Consumer loans ​ 103 ​ (73) ​ (4) ​ — ​ 26 Total ​ $ 33,776 ​ $ 239 ​ $ (720) ​ $ 436 ​ $ 33,731 ​ ​ The following table presents the balance in the allowance for credit losses and the recorded investment in loans by impairment method as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Credit Losses ​ ​ ​ Loans Evaluated ​ ​ ​ ​ (dollars in thousands) Individually Collectively Total June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses: ​ ​ ​ Real estate loans: ​ ​ ​ Residential properties ​ $ 87 ​ $ 8,147 ​ $ 8,234 ​ Commercial properties ​ 1,003 ​ 4,250 ​ 5,253 ​ Land and construction ​ — ​ 287 ​ 287 ​ Commercial and industrial loans ​ 933 ​ 16,757 ​ 17,690 ​ Consumer loans ​ — ​ 21 ​ 21 ​ Total ​ $ 2,023 ​ $ 29,462 ​ $ 31,485 ​ Loans: ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ Residential properties ​ $ 4,027 ​ $ 6,265,212 ​ $ 6,269,239 ​ Commercial properties ​ 20,848 ​ 1,048,805 ​ 1,069,653 ​ Land and construction ​ — ​ 158,326 ​ 158,326 ​ Commercial and industrial loans ​ 4,405 ​ 3,079,945 ​ 3,084,350 ​ Consumer loans ​ — ​ 3,633 ​ 3,633 ​ Total ​ $ 29,280 ​ $ 10,555,921 ​ $ 10,585,201 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses: ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ Residential properties ​ $ 87 ​ $ 8,219 ​ $ 8,306 ​ Commercial properties ​ 1,834 ​ 6,880 ​ 8,714 ​ Land and construction ​ — ​ 164 ​ 164 ​ Commercial and industrial loans ​ 3,122 ​ 13,399 ​ 16,521 ​ Consumer loans ​ — ​ 26 ​ 26 ​ Total ​ $ 5,043 ​ $ 28,688 ​ $ 33,731 ​ Loans: ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ Residential properties ​ $ 3,479 ​ $ 6,373,745 ​ $ 6,377,224 ​ Commercial properties ​ 34,278 ​ 1,167,785 ​ 1,202,063 ​ Land and construction ​ — ​ 157,630 ​ 157,630 ​ Commercial and industrial loans ​ 9,397 ​ 2,975,361 ​ 2,984,758 ​ Consumer loans ​ — ​ 4,518 ​ 4,518 ​ Total ​ $ 47,154 ​ $ 10,679,039 ​ $ 10,726,193 ​ ​ The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, collateral adequacy, credit documentation, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis typically includes larger, non-homogeneous loans such as loans secured by multifamily or commercial real estate and commercial and industrial loans. This analysis is performed on an ongoing basis as new information is obtained. The Company uses the following definitions for risk ratings: Pass: Special Mention: Substandard: A loan is considered impaired, when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans listed as pass include larger non-homogeneous loans not meeting the risk rating definitions above and smaller, homogeneous loans not assessed on an individual basis. The following tables present risk categories of loans based on year of origination, as of the periods shown. In accordance with the adoption of ASU 2022-02 in January 2023, gross charge-off information is disclosed by vintage year (year of origination) on a prospective basis beginning in 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ (dollars in thousands) 2023 2022 2021 2020 2019 Prior Loans Total June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 24,008 $ 2,357,458 ​ $ 1,545,636 $ 788,414 $ 294,891 ​ $ 257,039 $ — $ 5,267,446 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,607 ​ ​ 9,664 ​ ​ — ​ ​ 15,271 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 24,008 $ 2,357,458 ​ $ 1,545,636 $ 788,414 $ 300,498 ​ $ 266,703 $ — $ 5,282,717 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 13,693 $ 263,133 ​ $ 269,604 $ 93,136 $ 39,094 ​ $ 242,640 $ 60,684 $ 981,984 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 4,242 ​ ​ 296 ​ ​ 4,538 Total $ 13,693 $ 263,133 ​ $ 269,604 $ 93,136 $ 39,094 ​ $ 246,882 $ 60,980 $ 986,522 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 17,184 $ 220,262 ​ $ 148,045 $ 116,290 $ 83,375 ​ $ 437,850 $ — $ 1,023,006 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,308 ​ ​ — ​ ​ 11,544 ​ ​ — ​ ​ 13,852 Substandard ​ ​ — ​ ​ 5,830 ​ ​ 3,496 ​ ​ 653 ​ ​ 11,575 ​ ​ 11,241 ​ ​ — ​ ​ 32,795 Total $ 17,184 $ 226,092 ​ $ 151,541 $ 119,251 $ 94,950 ​ $ 460,635 $ — $ 1,069,653 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 249 ​ $ — ​ $ 249 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land and construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 11,425 $ 39,551 ​ $ 55,505 $ 43,832 $ 829 ​ $ 7,184 $ — $ 158,326 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 11,425 $ 39,551 ​ $ 55,505 $ 43,832 $ 829 ​ $ 7,184 $ — $ 158,326 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 136,783 $ 1,163,930 ​ $ 286,993 $ 142,264 $ 34,892 ​ $ 29,192 $ 1,244,751 $ 3,038,805 Special mention ​ ​ — ​ ​ — ​ ​ 19,909 ​ ​ 4,575 ​ ​ 147 ​ ​ — ​ ​ 9,972 ​ ​ 34,603 Substandard ​ ​ — ​ ​ — ​ ​ 1,071 ​ ​ 575 ​ ​ 1,400 ​ ​ 921 ​ ​ 6,975 ​ ​ 10,942 Total $ 136,783 $ 1,163,930 ​ $ 307,973 $ 147,414 $ 36,439 ​ $ 30,113 $ 1,261,698 $ 3,084,350 Gross charge-offs ​ $ — ​ $ 668 ​ $ 599 ​ $ 473 ​ $ 54 ​ $ — ​ $ 1,045 ​ $ 2,839 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 10 $ 3 ​ $ 1,023 $ — $ 309 ​ $ 146 $ 2,142 $ 3,633 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 10 $ 3 ​ $ 1,023 $ — $ 309 ​ $ 146 $ 2,142 $ 3,633 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2 ​ $ 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 203,103 $ 4,044,337 ​ $ 2,306,806 $ 1,183,936 $ 453,390 ​ $ 974,051 $ 1,307,577 $ 10,473,200 Special mention ​ ​ — ​ ​ — ​ ​ 19,909 ​ ​ 6,883 ​ ​ 5,754 ​ ​ 21,208 ​ ​ 9,972 ​ ​ 63,726 Substandard ​ ​ — ​ ​ 5,830 ​ ​ 4,567 ​ ​ 1,228 ​ ​ 12,975 ​ ​ 16,404 ​ ​ 7,271 ​ ​ 48,275 Total $ 203,103 $ 4,050,167 ​ $ 2,331,282 $ 1,192,047 $ 472,119 ​ $ 1,011,663 $ 1,324,820 $ 10,585,201 Gross charge-offs ​ $ — ​ $ 668 ​ $ 599 ​ $ 473 ​ $ 54 ​ $ 249 ​ $ 1,047 ​ $ 3,090 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ (dollars in thousands) 2022 2021 2020 2019 2018 Prior Loans Total December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 2,399,360 $ 1,552,311 ​ $ 795,263 $ 301,025 $ 145,675 ​ $ 146,622 $ — $ 5,340,256 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,666 ​ ​ 9,767 ​ ​ 1,545 ​ ​ — ​ ​ 16,978 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 2,399,360 $ 1,552,311 ​ $ 795,263 $ 306,691 $ 155,442 ​ $ 148,167 $ — $ 5,357,234 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 270,589 $ 276,244 ​ $ 96,183 $ 40,010 $ 49,676 ​ $ 215,209 $ 68,575 $ 1,016,486 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 25 ​ ​ 25 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,434 ​ ​ 45 ​ ​ 3,479 Total $ 270,589 $ 276,244 ​ $ 96,183 $ 40,010 $ 49,676 ​ $ 218,643 $ 68,645 $ 1,019,990 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 223,503 $ 158,363 ​ $ 144,105 $ 93,960 $ 171,460 ​ $ 325,048 $ — $ 1,116,439 Special mention ​ ​ — ​ ​ 13,425 ​ ​ 2,340 ​ ​ 7,088 ​ ​ 11,734 ​ ​ 7,905 ​ ​ — ​ ​ 42,492 Substandard ​ ​ 5,919 ​ ​ 14,376 ​ ​ 742 ​ ​ 10,661 ​ ​ — ​ ​ 11,434 ​ ​ — ​ ​ 43,132 Total $ 229,422 $ 186,164 ​ $ 147,187 $ 111,709 $ 183,194 ​ $ 344,387 $ — $ 1,202,063 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land and construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 43,846 $ 58,268 ​ $ 47,212 $ 854 $ 5,044 ​ $ 2,406 $ — $ 157,630 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 43,846 $ 58,268 ​ $ 47,212 $ 854 $ 5,044 ​ $ 2,406 $ — $ 157,630 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 1,176,851 $ 369,775 ​ $ 182,889 $ 62,767 $ 16,306 ​ $ 17,558 $ 1,133,998 $ 2,960,144 Special mention ​ ​ — ​ ​ 542 ​ ​ 1,212 ​ ​ 383 ​ ​ — ​ ​ — ​ ​ 5,573 ​ ​ 7,710 Substandard ​ ​ — ​ ​ 380 ​ ​ 2,125 ​ ​ 1,810 ​ ​ — ​ ​ 2,736 ​ ​ 9,853 ​ ​ 16,904 Total $ 1,176,851 $ 370,697 ​ $ 186,226 $ 64,960 $ 16,306 ​ $ 20,294 $ 1,149,424 $ 2,984,758 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 456 $ 1,092 ​ $ — $ 471 $ 133 ​ $ 69 $ 2,297 $ 4,518 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 456 $ 1,092 ​ $ — $ 471 $ 133 ​ $ 69 $ 2,297 $ 4,518 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 4,114,605 $ 2,416,053 ​ $ 1,265,652 $ 499,087 $ 388,294 ​ $ 706,912 $ 1,204,870 $ 10,595,473 Special mention ​ ​ — ​ ​ 13,967 ​ ​ 3,552 ​ ​ 13,137 ​ ​ 21,501 ​ ​ 9,450 ​ ​ 5,598 ​ ​ 67,205 Substandard ​ ​ 5,919 ​ ​ 14,756 ​ ​ 2,867 ​ ​ 12,471 ​ ​ — ​ ​ 17,604 ​ ​ 9,898 ​ ​ 63,515 Total $ 4,120,524 $ 2,444,776 ​ $ 1,272,071 $ 524,695 $ 409,795 ​ $ 733,966 $ 1,220,366 $ 10,726,193 ​ A loan is considered collateral dependent when the borrower is experiencing financial difficulty and repayment of the loan is expected to be provided substantially through the operation or sale of the collateral. Collateral dependent loans are evaluated individually to determine expected credit losses and any allowance for credit losses (“ACL”) allocation is determined based upon the amount by which amortized costs exceed the estimated fair value of the collateral, adjusted for estimated selling costs (if applicable). The following table presents the amortized cost basis of collateral dependent loans and the related ACL allocated to these loans as of the dates indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equipment/ ​ ​ ​ ​ ​ ACL (dollars in thousands) ​ Real Estate ​ Cash ​ Receivables ​ Total ​ ​ Allocation June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ Residential properties ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single family ​ $ 2,395 ​ $ — ​ $ — ​ $ 2,395 ​ $ — Commercial real estate loans ​ 2,588 ​ — ​ — ​ 2,588 ​ — Commercial loans ​ — ​ 250 ​ — ​ 250 ​ — Total ​ $ 4,983 ​ $ 250 ​ $ — ​ $ 5,233 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ Residential properties ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single family ​ $ 2,435 ​ $ — ​ $ — ​ $ 2,435 ​ $ — Commercial real estate loans ​ 3,171 ​ — ​ — ​ 3,171 ​ — Commercial loans ​ — ​ 250 ​ 638 ​ 888 ​ 630 Total ​ $ 5,606 ​ $ 250 ​ $ 638 ​ $ 6,494 ​ $ 630 ​

GOODWILL AND INTANGIBLES

GOODWILL AND INTANGIBLES	6 Months Ended
	Jun. 30, 2023
GOODWILL AND INTANGIBLES
GOODWILL AND INTANGIBLES	NOTE 6: GOODWILL AND INTANGIBLES Goodwill is recorded upon completion of a business combination as the difference between the purchase price and the fair value of net identifiable assets acquired. Goodwill is deemed to have an indefinite useful life and as such is not subject to amortization and instead is tested for impairment annually unless a triggering event occurs thereby requiring an updated assessment. Our regular annual impairment assessment occurs in the fourth quarter. Impairment exists when the carrying value of the goodwill exceeds its fair value. An impairment loss would be recognized in an amount equal to that excess as a charge to noninterest expense in the consolidated income statements. The closure of three large regional banks during the six months ended June 30, 2023, coupled with the drastic change in macroeconomic conditions and persistent Federal Reserve (“Fed”) rate hikes caused a significant decline in bank stock prices including our own. These triggering events required an updated assessment of our goodwill as of June 30, 2023, which concluded that our goodwill was impaired. As a result, we recorded a goodwill impairment charge equal to our entire goodwill balance of $215.3 million in the second quarter of 2023 as the estimated fair value of equity was less than book value. The updated assessment utilized three approaches, each receiving equal weighting: (1) the guideline public company (“GPC”) method which compares benchmarking data of the Company to a set of comparable GPCs; (2) the guideline transaction (“GT”) method utilizing financial results of the Company for the latest twelve months and comparing to publicly available transaction data, and (3) a discounted cash flow method, taking into consideration expectations of the Company’s growth and profitability going forward. The goodwill impairment is a non-cash charge and has no impact on our regulatory capital ratios, cash flows, or liquidity position. Other intangible assets are deemed to have definite useful lives and as such are amortized over their estimated useful lives to their estimated residual values. Other intangible assets consist of core deposit intangible assets arising from whole bank acquisitions and are amortized on an accelerated method over their estimated useful lives, ranging from 7 to 10 years. At June 30, 2023 and December 31, 2022, core deposit intangible assets totaled $5.7 million and $6.6 million, respectively, and we recognized $0.9 million and $1.0 million in core deposit intangible amortization expense for the six month periods ended June 30, 2023 and June 30, 2022, respectively.

LOAN SALES AND MORTGAGE SERVICI

LOAN SALES AND MORTGAGE SERVICING RIGHTS	6 Months Ended
	Jun. 30, 2023
LOAN SALES AND MORTGAGE SERVICING RIGHTS
LOAN SALES AND MORTGAGE SERVICING RIGHTS	NOTE 7: LOAN SALES AND MORTGAGE SERVICING RIGHTS The Company retained servicing rights for the majority of the loans sold and recognized mortgage servicing rights in connection with multifamily loan sale transactions that occurred in 2021 and prior. As of June 30, 2023 and December 31, 2022, mortgage servicing rights were $5.7 million and $5.9 million respectively, net of valuation allowances of $0.5 million and $1.4 million, respectively. The amount of loans serviced for others totaled $1.0 billion and $1.1 billion at June 30, 2023 and December 31, 2022, respectively. Servicing fees collected for the first six months of 2023 and 2022 were $1.2 million and $1.6 million, respectively.

DEPOSITS

DEPOSITS	6 Months Ended
	Jun. 30, 2023
DEPOSITS
DEPOSITS	NOTE 8: DEPOSITS The following table summarizes the outstanding balance of deposits and average rates paid thereon as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ Weighted ​ ​ (dollars in thousands) ​ Amount ​ Average Rate ​ Amount ​ Average Rate ​ ​ Demand deposits: ​ ​ ​ Noninterest-bearing ​ $ 2,660,249 — ​ $ 2,736,691 — ​ ​ Interest-bearing ​ 2,280,932 3.668 % 2,568,850 3.109 % ​ Money market and savings ​ 3,096,365 3.510 % 3,178,230 2.373 % ​ Certificates of deposit ​ 2,769,440 4.473 % 1,878,841 3.741 % ​ Total ​ $ 10,806,986 2.926 % $ 10,362,612 2.177 % ​ ​ At June 30, 2023, of the $458 million of certificates of deposits of $250,000 or more, $446 million mature within one year and $12 million mature after one year. Of the $2.3 billion of certificates of deposit of less than $250,000, $1.5 billion mature within one year and $767 million mature after one year. At December 31, 2022, of the $436 million of certificates of deposits of $250,000 or more, $409 million mature within one year and $27 million mature after one year. Of the $1.4 billion of certificates of deposit of less than $250,000, $1.1 billion mature within one year and $345 million mature after one year.

BORROWINGS

BORROWINGS	6 Months Ended
	Jun. 30, 2023
BORROWINGS
BORROWINGS	NOTE 9: BORROWINGS At June 30, 2023, our borrowings consisted of $610 million in overnight and $100 million in term FHLB advances at the Bank, $174 million in subordinated notes at FFI, $72 million in repurchase agreements at the Bank, and $20 million of borrowings under a holding company line of credit. The $100 million in term FHLB advances bears an interest rate of 4.21% and matures on June 28, 2028. At December 31, 2022 our borrowings consisted of $805 million in overnight FHLB advances at the Bank, $200 million in federal funds purchased at the Bank, $174 million in subordinated notes at FFI, $171 million in repurchase agreements at the Bank, and $20 million of borrowings under a holding company line of credit. The overnight FHLB advance outstanding at June 30, 2023 was paid in full in early July and bore an interest rate of 5.35%. FHLB advances are collateralized primarily by loans secured by single family, multifamily, and commercial real estate properties with a carrying value of $5.6 billion as of June 30, 2023. The Bank’s total unused borrowing capacity from the FHLB as of June 30, 2023 was $2.3 billion. The Bank had in place $315 million of letters of credit from the FHLB as of June 30, 2023, which are used to meet collateral requirements for deposits from the State of California and local agencies. The $174 million in subordinated notes consist of $150 million of fixed-to-floating rate notes that mature in February 2032. The notes initially bear a rate of 3.50% per annum, payable semi-annually in arrears on February 1 and August 1 of each year, commencing on August 1, 2022, until February 1, 2027. From and including February 1, 2027 to, but excluding February 1, 2032, or the date of earlier redemption, the notes will bear interest at a floating rate per annum equal to the Benchmark rate (which is the Three-Month Term Secured Overnight Financing Rate, or “SOFR”), each as defined in and subject to the provisions of the indenture under which the notes were issued, plus 204 basis points (2.04%), payable quarterly in arrears on February 1, May 1, August 1, and November 1 of each year, commencing on May 1, 2027. The remaining $24 million in subordinated notes mature in June 2030 and bear a fixed interest rate of 6.0%, until June 30, 2025, at which time they will convert to a floating rate based on three-month SOFR, plus 590 basis points (5.90%), until maturity. During 2017, FFI entered into a loan agreement with an unaffiliated lender that provides for a revolving line of credit for up to $20 million maturing in February 2024. The loan bears an interest rate of Prime rate, plus 50 basis points (0.50%). FFI’s obligations under the loan agreement are secured by, among other things, a pledge of all of its equity in the Bank. We are required to meet certain financial covenants during the term of the loan, including minimum capital levels and limits on classified assets. As of June 30, 2023 and December 31, 2022, FFI was in compliance with the covenants contained in the loan agreement. As of June 30, 2023 and December 31, 2022, the balance outstanding under this line of credit agreement was $20 million. The weighted average interest rate paid on borrowings during the six months ended June 30, 2023 and December 31, 2022 was 8.3% and 8.0% respectively. The Bank has a secured line of credit with the Federal Reserve Bank of San Francisco under which the Bank pledges collateral in the form of qualifying loans and securities. As of June 30, 2023, the Bank had secured unused borrowing capacity of $900.6 million under this agreement. As of June 30, 2023 and December 31, 2022, there were no balances outstanding. The Bank has a total of $145.4 million in borrowing capacity through unsecured federal funds lines, ranging in size from $400 thousand to $100 million, with four other financial institutions. At June 30, 2023, there were no balances outstanding under these arrangements. At December 31, 2022, the Bank had outstanding borrowings with one of the five institutions under these arrangements totaling $100 million and an additional $100 million outstanding separate from these agreements with the same financial institution. The total $200 million outstanding at December 31, 2022 were in the form of federal funds purchased and were paid in full in early March, 2023. The repurchase agreements are treated as overnight borrowings with the obligations to repurchase securities sold reflected as a liability. The investment securities underlying these agreements remain in the Company’s securities AFS portfolio. As of June 30, 2023 and December 31, 2022, the repurchase agreements are collateralized by investment securities with a fair value of approximately $59.6 million and $186.3 million, respectively.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2023
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 10: EARNINGS PER SHARE Basic earnings per share (“EPS”) excludes dilution and is computed by dividing net income or loss available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if contracts to issue common stock were exercised or converted into common stock that would then share in earnings. The Company has excluded the effect of potential common shares used in the computation of diluted EPS for the three and six months ended June 30, 2023 due to the net loss reported for such periods, as such losses are antidilutive by definition. The following table sets forth the Company’s unaudited earnings per share calculations for the three and six months ended June 30, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Three Months Ended ​ ​ ​ June 30, 2023 ​ June 30, 2022 ​ (dollars in thousands, except per share amounts) ​ Basic ​ Diluted ​ Basic ​ Diluted ​ Net (loss) income $ (212,288) $ (212,288) $ 33,316 $ 33,316 ​ Basic common shares outstanding ​ 56,430,813 ​ 56,430,813 ​ 56,471,470 ​ 56,471,470 ​ Effect of options, restricted stock and contingent shares issuable ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 48,199 ​ Diluted common shares outstanding ​ ​ 56,430,813 ​ ​ 56,519,669 ​ Net (loss) income per share ​ $ (3.76) ​ $ (3.76) ​ $ 0.59 ​ $ 0.59 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ Six Months Ended ​ ​ June 30, 2023 ​ June 30, 2022 (dollars in thousands, except share and per share amounts) ​ Basic ​ Diluted ​ Basic ​ Diluted Net (loss) income $ (203,792) $ (203,792) $ 64,152 $ 64,152 Basic common shares outstanding ​ 56,403,891 ​ 56,403,891 ​ 56,468,678 ​ 56,468,678 Effect of options, restricted stock and contingent shares issuable ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 74,814 Diluted common shares outstanding ​ ​ 56,403,891 ​ ​ 56,543,492 Net (loss) income per share ​ $ (3.61) ​ $ (3.61) ​ $ 1.14 ​ $ 1.13 ​

SEGMENT REPORTING

SEGMENT REPORTING	6 Months Ended
	Jun. 30, 2023
SEGMENT REPORTING
SEGMENT REPORTING	NOTE 11: SEGMENT REPORTING For the three and six months ended June 30, 2023 and 2022, the Company had two reportable business segments: Banking (FFB) and Wealth Management (FFA). The results of FFI and any elimination entries are included in the column labeled Other. The reportable segments are determined by products and services offered and the corporate structure. Business segment earnings before taxes are the primary measure of the segment’s performance as evaluated by management. Business segment earnings before taxes include direct revenue and expenses of the segment as well as corporate and inter-company cost allocations. Allocations of corporate expenses, such as finance and accounting, data processing and human resources are calculated based on estimated activity or usage levels. The management accounting process measures the performance of the operating segments based on the Company’s management structure and is not necessarily comparable with similar information for other financial services companies. If the management structures and/or the allocation process changes, allocations, transfers, and assignments may change. The following tables show key operating results for each of our business segments used to arrive at our consolidated totals for the following periods: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Wealth ​ ​ ​ ​ (dollars in thousands) ​ Banking ​ Management ​ Other Total Three Months Ended June 30, 2023: ​ ​ ​ ​ Interest income ​ $ 145,328 ​ $ — ​ $ — ​ $ 145,328 Interest expense ​ 94,539 ​ — ​ 1,805 ​ 96,344 Net interest income ​ 50,789 ​ — ​ (1,805) ​ 48,984 Provision for credit losses ​ 887 ​ — ​ — ​ 887 Noninterest income ​ 5,067 ​ 7,415 ​ (403) ​ 12,079 Noninterest expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill impairment ​ ​ 215,252 ​ ​ — ​ ​ — ​ ​ 215,252 Operating ​ ​ 50,700 ​ ​ 5,617 ​ 1,195 ​ 57,512 (Loss) income before income taxes ​ ​ (210,983) ​ ​ 1,798 ​ ​ (3,403) ​ ​ (212,588) Income tax expense (benefit) ​ ​ 134 ​ ​ 529 ​ ​ (963) ​ ​ (300) Net (loss) income ​ $ (211,117) ​ $ 1,269 ​ $ (2,440) ​ $ (212,288) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2022: ​ ​ ​ ​ Interest income ​ $ 89,971 ​ $ — ​ $ — ​ $ 89,971 Interest expense ​ 6,476 ​ — ​ 1,690 ​ 8,166 Net interest income ​ 83,495 ​ — ​ (1,690) ​ 81,805 Provision for credit losses ​ 173 ​ — ​ — ​ 173 Noninterest income ​ 5,857 ​ 7,980 ​ (437) ​ 13,400 Noninterest expense ​ 42,032 ​ 6,189 ​ 584 ​ 48,805 Income (loss) before income taxes ​ ​ 47,147 ​ ​ 1,791 ​ ​ (2,711) ​ ​ 46,227 Income tax expense (benefit) ​ ​ 12,893 ​ ​ 529 ​ ​ (511) ​ ​ 12,911 Net income (loss) ​ $ 34,254 ​ $ 1,262 ​ $ (2,200) ​ $ 33,316 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Wealth ​ ​ ​ ​ (dollars in thousands) ​ Banking ​ Management ​ Other Total Six Months Ended June 30, 2023: ​ ​ ​ ​ Interest income ​ $ 282,328 ​ $ — ​ $ — ​ $ 282,328 Interest expense ​ 170,988 ​ — ​ 3,601 ​ 174,589 Net interest income ​ 111,340 ​ — ​ (3,601) ​ 107,739 Provision for credit losses ​ 1,304 ​ — ​ — ​ 1,304 Noninterest income ​ 9,868 ​ 14,706 ​ (797) ​ 23,777 Noninterest expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill impairment ​ ​ 215,252 ​ ​ — ​ ​ — ​ ​ 215,252 Operating ​ ​ 102,345 ​ 11,682 ​ 2,825 ​ 116,852 (Loss) income before income taxes ​ ​ (197,693) ​ ​ 3,024 ​ ​ (7,223) ​ ​ (201,892) Income tax expense (benefit) ​ ​ 3,081 ​ ​ 893 ​ ​ (2,074) ​ ​ 1,900 Net (loss) income ​ $ (200,774) ​ $ 2,131 ​ $ (5,149) ​ $ (203,792) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, 2022: ​ ​ ​ ​ Interest income ​ $ 169,115 ​ $ — ​ $ — ​ $ 169,115 Interest expense ​ 9,889 ​ — ​ 2,927 ​ 12,816 Net interest income ​ 159,226 ​ — ​ (2,927) ​ 156,299 Provision (reversal) for credit losses ​ (619) ​ — ​ — ​ (619) Noninterest income ​ 13,388 ​ 16,325 ​ (886) ​ 28,827 Noninterest expense ​ 82,133 ​ 12,833 ​ 1,457 ​ 96,423 Income (loss) before taxes on income ​ ​ 91,100 ​ ​ 3,492 ​ ​ (5,270) ​ ​ 89,322 Income tax expense (benefit) ​ ​ 25,608 ​ ​ 1,022 ​ ​ (1,460) ​ ​ 25,170 Net income (loss) ​ $ 65,492 ​ $ 2,470 ​ $ (3,810) ​ $ 64,152 ​

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2023
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 12: SUBSEQUENT EVENTS Cash Dividend On July 27, 2023, the Board of Directors of the Company declared a quarterly cash dividend of $0.02 per common share to be paid on August 17, 2023 to shareholders of record as of the close of business on August 7, 2023. ​

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Nature of Operations and Principles of Consolidation	Nature of Operations and Principles of Consolidation First Foundation Inc. (“FFI”) is a financial services holding company whose operations are conducted through its wholly owned subsidiaries: First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB” or the “Bank”) and the wholly owned subsidiaries of FFB, First Foundation Public Finance (“FFPF”), First Foundation Insurance Services (“FFIS”) and Blue Moon Management, LLC (collectively the “Company”). FFI also has two inactive wholly owned subsidiaries, First Foundation Consulting and First Foundation Advisors, LLC. In addition, FFA has set up a limited liability company, which is not included in these consolidated financial statements, as a private investment fund to provide an investment vehicle for its clients. FFI is incorporated in the state of Delaware. The corporate headquarters for FFI is located in Dallas, Texas. The Company provides a comprehensive platform of financial services to individuals, businesses and other organizations and has offices in California, Nevada, Florida, Texas, and Hawaii. The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and prevailing practices within the banking industry. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses for the period. Actual results could differ significantly from those estimates. The accompanying unaudited consolidated financial statements include the accounts of the Company as of June 30, 2023 and December 31, 2022, and for the six months ended June 30, 2023 and 2022, and include all information and footnotes required for interim financial reporting presentation. All intercompany accounts and transactions have been eliminated in consolidation. The results for the 2023 interim periods are not necessarily indicative of the results expected for the full year. These financial statements assume that readers have read the most recent Annual Report on Form 10-K filed with the SEC which contains the latest available audited consolidated financial statements and notes thereto as of and for the year ended December 31, 2022.
New Accounting Pronouncements	New Accounting Pronouncements On January 1, 2023, the Company adopted ASU 2022-02, “ Financial Instruments – Credit Losses (Topic 326), Troubled Debt Restructurings (“TDRs”) and Vintage Disclosures” Subtopic 310-40, Receivables – Troubled Debt Restructurings by Creditors Financial Instruments – Credit Losses on Financial Instruments” In March 2020, the Financial Accounting Standards Board (“FASB”) issued ASU 2020-04, “ Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting” reform if certain criteria are met. The amendments in this ASU apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The amendments in this ASU are effective as of March 12, 2020 through December 31, 2022. The Company has permanently ceased originating any new loans or entering into any transaction that would increase its LIBOR-based exposure. For all new variable-rate loans and transactions, the Company primarily offers Prime, SOFR, and other indices as the variable-rate index. All variable rate loans tied to LIBOR will index to Prime, SOFR, or other indices at the next loan reset date. This transition did not have a material impact on the consolidated financial statements.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2023
FAIR VALUE MEASUREMENTS
Recorded Amounts of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables show the recorded amounts of assets and liabilities measured at fair value on a recurring basis as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement Level (dollars in thousands) ​ Total ​ Level 1 ​ Level 2 ​ Level 3 June 30, 2023: ​ ​ ​ ​ Investment securities available for sale: ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 8,095 ​ $ — ​ $ 8,095 ​ $ — Agency mortgage-backed securities ​ 6,571 ​ — ​ 6,571 ​ — Municipal bonds ​ 46,295 ​ — ​ 46,295 ​ — SBA securities ​ ​ 15,715 ​ ​ — ​ ​ 15,715 ​ ​ — Beneficial interests in FHLMC securitization ​ ​ 7,599 ​ ​ — ​ ​ — ​ ​ 7,599 Corporate bonds ​ 115,262 ​ — ​ 115,262 ​ — U.S. Treasury ​ ​ 1,226 ​ ​ 1,226 ​ ​ — ​ ​ — Investment in equity securities ​ 9,774 ​ — ​ — ​ 9,774 Total assets at fair value on a recurring basis ​ $ 210,537 ​ $ 1,226 ​ $ 191,938 ​ $ 17,373 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment securities available for sale: ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 8,615 ​ $ — ​ $ 8,615 ​ $ — Agency mortgage-backed securities ​ ​ 7,576 ​ ​ — ​ ​ 7,576 ​ ​ — Municipal bonds ​ 46,790 ​ — ​ 46,790 ​ — SBA securities ​ 18,955 ​ — ​ 18,955 ​ — Beneficial interests in FHLMC securitization ​ 7,981 ​ — ​ — ​ 7,981 Corporate bonds ​ ​ 135,013 ​ ​ — ​ ​ 135,013 ​ ​ — U.S. Treasury ​ 1,228 ​ 1,228 ​ — ​ — Investment in equity securities ​ 9,767 ​ — ​ — ​ 9,767 Total assets at fair value on a recurring basis ​ $ 235,925 ​ $ 1,228 ​ $ 216,949 ​ $ 17,748
Carrying Amounts and Estimated Fair Value of Financial Instruments	The carrying amounts and estimated fair values of financial instruments are as follows as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Fair Value Measurement Level (dollars in thousands) ​ Value ​ 1 ​ 2 ​ 3 ​ Total June 30, 2023: ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 926,081 ​ $ 926,081 ​ $ — ​ $ — ​ $ 926,081 Securities AFS, net ​ 200,763 ​ 1,226 ​ 191,938 ​ 7,599 ​ 200,763 Securities HTM ​ ​ 814,661 ​ ​ — ​ ​ 724,108 ​ ​ — ​ ​ 724,108 Loans, net ​ 10,553,716 ​ — ​ — ​ 10,225,043 ​ 10,225,043 Investment in FHLB stock ​ 19,485 ​ — ​ 19,485 ​ — ​ 19,485 Investment in equity securities ​ 9,774 ​ — ​ — ​ 9,774 ​ 9,774 Liabilities: ​ ​ ​ ​ ​ Deposits ​ $ 10,806,986 ​ $ 8,037,546 ​ $ 2,758,363 ​ $ — ​ $ 10,795,909 Borrowings ​ 975,541 ​ 730,000 ​ — ​ 131,407 ​ 861,407 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 656,494 ​ $ 656,494 ​ $ — ​ $ — ​ $ 656,494 Securities AFS, net ​ 226,158 ​ 1,228 ​ 216,949 ​ 7,981 ​ 226,158 Securities HTM ​ ​ 862,544 ​ ​ ​ ​ ​ 773,061 ​ ​ ​ ​ ​ 773,061 Loans, net ​ 10,692,462 ​ — ​ — ​ 10,354,052 ​ 10,354,052 Investment in FHLB stock ​ 25,358 ​ — ​ 25,358 ​ — ​ 25,358 Investment in equity securities ​ 9,767 ​ — ​ — ​ 9,767 ​ 9,767 Liabilities: ​ ​ ​ ​ ​ ​ Deposits ​ $ 10,362,612 ​ $ 8,483,770 ​ $ 1,865,502 ​ $ — ​ $ 10,349,272 Borrowings ​ 1,369,936 ​ 1,176,601 ​ — ​ 153,121 ​ 1,329,722

SECURITIES (Tables)

SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2023
SECURITIES
Summary of AFS Securities Portfolio	The following table provides a summary of the Company’s securities AFS portfolio as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Gross Unrealized ​ Allowance for ​ Estimated (dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Credit Losses ​ Fair Value June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 9,463 ​ $ — ​ $ (1,368) ​ $ — ​ $ 8,095 Agency mortgage-backed securities ​ ​ 7,107 ​ ​ — ​ ​ (536) ​ ​ — ​ ​ 6,571 Municipal bonds ​ ​ 49,684 ​ ​ — ​ ​ (3,389) ​ ​ — ​ ​ 46,295 SBA securities ​ ​ 15,833 ​ ​ 3 ​ ​ (121) ​ ​ — ​ ​ 15,715 Beneficial interests in FHLMC securitization ​ 14,921 ​ ​ 97 ​ ​ (361) ​ ​ (7,058) ​ 7,599 Corporate bonds ​ 138,934 ​ ​ — ​ ​ (22,195) ​ ​ (1,477) ​ 115,262 U.S. Treasury ​ 1,298 ​ ​ — ​ ​ (72) ​ ​ — ​ 1,226 Total ​ $ 237,240 ​ $ 100 ​ $ (28,042) ​ $ (8,535) ​ $ 200,763 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 9,865 ​ $ — ​ $ (1,250) ​ $ — ​ $ 8,615 Agency mortgage-backed securities ​ ​ 8,161 ​ ​ — ​ ​ (585) ​ ​ — ​ ​ 7,576 Municipal bonds ​ ​ 50,232 ​ ​ — ​ ​ (3,442) ​ ​ — ​ ​ 46,790 SBA securities ​ ​ 19,090 ​ ​ 3 ​ ​ (138) ​ ​ — ​ ​ 18,955 Beneficial interests in FHLMC securitization ​ 19,415 ​ 108 ​ (103) ​ (11,439) ​ 7,981 Corporate bonds ​ 145,024 ​ — ​ (10,011) ​ — ​ 135,013 U.S. Treasury ​ 1,298 ​ 1 ​ (71) ​ — ​ 1,228 Total ​ $ 253,085 ​ $ 112 ​ $ (15,600) ​ $ (11,439) ​ $ 226,158
Summary of HTM Securities Portfolio	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Gross Unrecognized ​ Allowance for ​ Estimated (dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Credit Losses ​ Fair Value June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ 814,661 ​ $ — ​ $ (90,553) ​ $ — ​ $ 724,108 Total ​ $ 814,661 ​ $ — ​ $ (90,553) ​ $ — ​ $ 724,108 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ 862,544 ​ $ — ​ $ (89,483) ​ $ — ​ $ 773,061 Total ​ $ 862,544 ​ $ — ​ $ (89,483) ​ $ — ​ $ 773,061
Schedule of Securities in a Continuous Unrealized Loss Position Aggregated by Investment Category and Length of Time	The tables below indicate the gross unrealized losses and fair values of our investments AFS, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities with Unrealized Loss at June 30, 2023 ​ ​ Less than 12 months ​ 12 months or more ​ Total ​ ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized (dollars in thousands) Value Loss Value Loss Value Loss Collateralized mortgage obligations ​ $ — ​ $ — ​ $ 8,095 ​ $ (1,368) ​ $ 8,095 ​ $ (1,368) Agency mortgage-backed securities ​ ​ — ​ ​ — ​ ​ 6,569 ​ ​ (536) ​ ​ 6,569 ​ ​ (536) Municipal bonds ​ ​ 3,561 ​ ​ (62) ​ ​ 40,924 ​ ​ (3,327) ​ ​ 44,485 ​ ​ (3,389) SBA securities ​ ​ 13,842 ​ ​ (114) ​ ​ 738 ​ ​ (7) ​ ​ 14,580 ​ ​ (121) Beneficial interests in FHLMC securitization ​ ​ 4,038 ​ ​ (361) ​ ​ — ​ ​ — ​ ​ 4,038 ​ ​ (361) Corporate bonds ​ ​ 14,133 ​ ​ (867) ​ ​ 102,606 ​ ​ (21,328) ​ ​ 116,739 ​ ​ (22,195) U.S. Treasury ​ ​ 396 ​ ​ (4) ​ ​ 831 ​ ​ (68) ​ ​ 1,227 ​ ​ (72) Total temporarily impaired securities ​ $ 35,970 ​ $ (1,408) ​ $ 159,763 ​ $ (26,634) ​ $ 195,733 ​ $ (28,042) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities with Unrealized Loss at December 31, 2022 ​ ​ Less than 12 months ​ 12 months or more ​ Total ​ ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized (dollars in thousands) Value Loss Value Loss Value Loss Collateralized mortgage obligations $ 2 $ — $ 8,613 $ (1,250) $ 8,615 $ (1,250) Agency mortgage-backed securities ​ ​ 6,882 ​ ​ (525) ​ ​ 696 ​ ​ (60) ​ ​ 7,578 ​ ​ (585) Municipal bonds ​ ​ 44,971 ​ ​ (3,244) ​ ​ 1,819 ​ ​ (198) ​ ​ 46,790 ​ ​ (3,442) SBA securities ​ ​ 17,237 ​ ​ (137) ​ ​ 121 ​ ​ (1) ​ ​ 17,358 ​ ​ (138) Beneficial interests in FHLMC securitization ​ ​ 4,217 ​ ​ (103) ​ ​ — ​ ​ — ​ ​ 4,217 ​ ​ (103) Corporate bonds ​ ​ 108,056 ​ ​ (6,476) ​ ​ 26,957 ​ ​ (3,535) ​ ​ 135,013 ​ ​ (10,011) U.S. Treasury ​ 376 ​ (23) ​ 451 ​ (48) ​ 827 ​ (71) Total temporarily impaired securities ​ $ 181,741 ​ $ (10,508) ​ $ 38,657 ​ $ (5,092) ​ $ 220,398 ​ $ (15,600) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities with Unrecognized Loss at June 30, 2023 ​ ​ Less than 12 months ​ 12 months or more ​ Total ​ ​ Fair ​ Unrecognized ​ Fair ​ Unrecognized ​ Fair ​ Unrecognized (dollars in thousands) Value Loss Value Loss Value Loss Agency mortgage-backed securities ​ $ — ​ $ — ​ $ 724,108 ​ $ (90,553) ​ $ 724,108 ​ $ (90,553) Total temporarily impaired securities ​ $ — ​ $ — ​ $ 724,108 ​ $ (90,553) ​ $ 724,108 ​ $ (90,553) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities with Unrecognized Loss at December 31, 2022 ​ ​ Less than 12 months ​ 12 months or more ​ Total ​ ​ Fair ​ Unrecognized ​ Fair ​ Unrecognized ​ Fair ​ Unrecognized (dollars in thousands) Value Loss Value Loss Value Loss Agency mortgage-backed securities ​ $ 394,619 ​ $ (37,418) ​ $ 378,442 ​ $ (52,065) ​ $ 773,061 ​ $ (89,483) Total temporarily impaired securities ​ $ 394,619 ​ $ (37,418) ​ $ 378,442 ​ $ (52,065) ​ $ 773,061 ​ $ (89,483)
Summary of Allowance For Credit Losses - Securities AFS	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning ​ Provision (Reversal) ​ ​ ​ ​ ​ Ending (dollars in thousands) ​ ​ Balance ​ ​ for Credit Losses ​ ​ Charge-offs ​ ​ Recoveries ​ ​ Balance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal bonds ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Beneficial interests in FHLMC securitization ​ ​ 11,315 ​ ​ (286) ​ ​ (3,971) ​ ​ — ​ ​ 7,058 Corporate bonds ​ ​ 973 ​ ​ 504 ​ ​ — ​ ​ — ​ ​ 1,477 Total $ 12,288 $ 218 $ (3,971) $ — $ 8,535 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal bonds ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Beneficial interests in FHLMC securitization ​ ​ 11,439 ​ ​ (410) ​ ​ (3,971) ​ ​ — ​ ​ 7,058 Corporate bonds ​ ​ — ​ ​ 1,477 ​ ​ — ​ ​ — ​ ​ 1,477 Total $ 11,439 $ 1,067 $ (3,971) $ — $ 8,535 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal bonds ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Beneficial interests in FHLMC securitization ​ ​ 10,399 ​ ​ 1,040 ​ ​ — ​ ​ — ​ ​ 11,439 Corporate bonds ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 10,399 $ 1,040 $ — $ — $ 11,439
Scheduled Maturities of Securities AFS Other than Mortgage Backed Securities and the Related Weighted Average Yield	The scheduled maturities of securities AFS and the related weighted average yields were as follows for the periods indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 1 Through 5 Through After ​ ​ (dollars in thousands) ​ 1 Year ​ 5 years ​ 10 Years ​ 10 Years ​ Total June 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost: ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ — ​ $ 567 ​ $ 8,896 ​ $ 9,463 ​ Agency mortgage-backed securities ​ ​ — ​ ​ 5,460 ​ ​ — ​ ​ 1,647 ​ ​ 7,107 ​ Municipal bonds ​ ​ — ​ ​ 9,274 ​ ​ 35,227 ​ ​ 5,183 ​ ​ 49,684 ​ SBA securities ​ ​ 3 ​ ​ 1,306 ​ ​ 665 ​ ​ 13,859 ​ ​ 15,833 ​ Beneficial interests in FHLMC securitization ​ ​ — ​ ​ 9,225 ​ ​ — ​ ​ 5,696 ​ ​ 14,921 ​ Corporate bonds ​ ​ 5,039 ​ ​ 45,437 ​ ​ 82,929 ​ ​ 5,529 ​ ​ 138,934 ​ U.S. Treasury ​ — ​ ​ 1,298 ​ ​ — ​ ​ — ​ 1,298 ​ Total ​ $ 5,042 ​ $ 72,000 ​ $ 119,388 ​ $ 40,810 ​ $ 237,240 ​ Weighted average yield ​ 4.72 % 5.25 % 3.30 % 2.49 % 3.78 % Estimated Fair Value: ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ — ​ $ 509 ​ $ 7,586 ​ $ 8,095 ​ Agency mortgage-backed securities ​ ​ — ​ ​ 5,118 ​ ​ — ​ ​ 1,453 ​ ​ 6,571 ​ Municipal bonds ​ ​ — ​ ​ 8,766 ​ ​ 33,309 ​ ​ 4,220 ​ ​ 46,295 ​ SBA securities ​ ​ 3 ​ ​ 1,296 ​ ​ 663 ​ ​ 13,753 ​ ​ 15,715 ​ Beneficial interests in FHLMC securitization ​ ​ — ​ ​ 9,225 ​ ​ — ​ ​ 5,432 ​ ​ 14,657 ​ Corporate bonds ​ ​ 4,789 ​ ​ 44,004 ​ ​ 63,707 ​ ​ 4,239 ​ ​ 116,739 ​ U.S. Treasury ​ — ​ ​ 1,226 ​ ​ — ​ ​ — ​ 1,226 ​ Total ​ $ 4,792 ​ $ 69,635 ​ $ 98,188 ​ $ 36,683 ​ $ 209,298 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 1 Through 5 Through After ​ ​ (dollars in thousands) ​ 1 Year ​ 5 years ​ 10 Years ​ 10 Years ​ Total December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost: ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ — ​ $ 686 ​ $ 9,179 ​ $ 9,865 ​ Agency mortgage-backed securities ​ ​ — ​ ​ 4,384 ​ ​ 2,107 ​ ​ 1,670 ​ ​ 8,161 ​ Municipal bonds ​ ​ 301 ​ ​ 8,002 ​ ​ 34,501 ​ ​ 7,428 ​ ​ 50,232 ​ SBA securities ​ ​ 14 ​ ​ 1,402 ​ ​ 1,278 ​ ​ 16,396 ​ ​ 19,090 ​ Beneficial interests in FHLMC securitization ​ ​ — ​ ​ 9,860 ​ ​ — ​ ​ 9,555 ​ ​ 19,415 ​ Corporate bonds ​ ​ 6,006 ​ ​ 28,993 ​ ​ 104,494 ​ ​ 5,531 ​ ​ 145,024 ​ U.S. Treasury ​ — ​ 1,298 ​ — ​ — ​ 1,298 ​ Total ​ $ 6,321 ​ $ 53,939 ​ $ 143,066 ​ $ 49,759 ​ $ 253,085 ​ Weighted average yield ​ 4.36 % 3.96 % 3.38 % 1.91 % 3.24 % Estimated Fair Value: ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ — ​ $ 623 ​ $ 7,992 ​ $ 8,615 ​ Agency mortgage-backed securities ​ ​ — ​ ​ 4,133 ​ ​ 1,960 ​ ​ 1,483 ​ ​ 7,576 ​ Municipal bonds ​ ​ 299 ​ ​ 7,565 ​ ​ 32,690 ​ ​ 6,236 ​ ​ 46,790 ​ SBA securities ​ ​ 14 ​ ​ 1,395 ​ ​ 1,272 ​ ​ 16,274 ​ ​ 18,955 ​ Beneficial interests in FHLMC securitization ​ ​ — ​ ​ 9,860 ​ ​ — ​ ​ 9,560 ​ ​ 19,420 ​ Corporate bonds ​ ​ 6,001 ​ ​ 28,022 ​ ​ 96,734 ​ ​ 4,256 ​ ​ 135,013 ​ U.S. Treasury ​ — ​ 1,228 ​ — ​ — ​ 1,228 ​ Total ​ $ 6,314 ​ $ 52,203 ​ $ 133,279 ​ $ 45,801 ​ $ 237,597 ​
Schedule of maturities of securities HTM and the related weighted average yields	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 1 Through 5 Through After ​ ​ (dollars in thousands) ​ 1 Year ​ 5 years ​ 10 Years ​ 10 Years ​ Total June 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost: ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ — ​ $ 2,077 ​ $ 16,994 ​ $ 795,590 ​ $ 814,661 ​ Total ​ $ — ​ $ 2,077 ​ $ 16,994 ​ $ 795,590 ​ $ 814,661 ​ Weighted average yield ​ — % 0.71 % 1.25 % 2.00 % ​ 1.98 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value: ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ — ​ $ 1,911 ​ $ 15,346 ​ $ 706,851 ​ $ 724,108 ​ Total ​ $ — ​ $ 1,911 ​ $ 15,346 ​ $ 706,851 ​ $ 724,108 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 1 Through 5 Through After ​ ​ (dollars in thousands) ​ 1 Year ​ 5 years ​ 10 Years ​ 10 Years ​ Total December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost: ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ — ​ $ 208 ​ $ 17,689 ​ $ 844,647 ​ $ 862,544 ​ Total ​ $ — ​ $ 208 ​ $ 17,689 ​ $ 844,647 ​ $ 862,544 ​ Weighted average yield ​ — % 0.36 % 1.12 % 2.31 % ​ 2.28 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value: ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ — ​ $ 192 ​ $ 16,148 ​ $ 756,721 ​ $ 773,061 ​ Total ​ $ — ​ $ 192 ​ $ 16,148 ​ $ 756,721 ​ $ 773,061 ​

LOANS (Tables)

LOANS (Tables)	6 Months Ended
	Jun. 30, 2023
LOANS
Summary of Loans	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, (dollars in thousands) 2023 2022 Outstanding principal balance: ​ ​ ​ ​ Loans secured by real estate: ​ ​ Residential properties: ​ ​ Multifamily ​ $ 5,267,048 ​ $ 5,341,596 Single family ​ 982,779 ​ 1,016,498 Total real estate loans secured by residential properties ​ 6,249,827 ​ 6,358,094 Commercial properties ​ 1,070,518 ​ 1,203,292 Land and construction ​ 159,091 ​ 158,565 Total real estate loans ​ 7,479,436 ​ 7,719,951 Commercial and industrial loans ​ 3,085,242 ​ 2,984,748 Consumer loans ​ 3,591 ​ 4,481 Total loans ​ 10,568,269 ​ 10,709,180 Premiums, discounts and deferred fees and expenses ​ 16,932 ​ 17,013 Total ​ $ 10,585,201 ​ $ 10,726,193
Summary of Delinquent and Nonaccrual Loans	The following table summarizes our delinquent and nonaccrual loans as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Past Due and Still Accruing ​ ​ ​ ​ Total Past ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ Due and ​ ​ ​ ​ ​ ​ (dollars in thousands) 30–59 Days 60-89 Days or More Nonaccrual Nonaccrual Current Total June 30, 2023: ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ Residential properties ​ $ 416 ​ $ — ​ $ — ​ $ 3,373 ​ $ 3,789 ​ $ 6,265,450 ​ $ 6,269,239 Commercial properties ​ 2,538 ​ — ​ 92 ​ 2,822 ​ 5,452 ​ 1,064,201 ​ 1,069,653 Land and construction ​ — ​ — ​ — ​ — ​ — ​ 158,326 ​ 158,326 Commercial and industrial loans ​ 544 ​ 458 ​ 945 ​ 3,421 ​ 5,368 ​ 3,078,982 ​ 3,084,350 Consumer loans ​ 162 ​ — ​ — ​ 10 ​ 172 ​ 3,461 ​ 3,633 Total ​ $ 3,660 ​ $ 458 ​ $ 1,037 ​ $ 9,626 ​ $ 14,781 ​ $ 10,570,420 ​ $ 10,585,201 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Percentage of total loans ​ 0.03 % 0.00 % 0.01 % 0.09 % 0.14 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022: ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ Residential properties ​ $ 511 ​ $ 57 ​ $ — ​ $ 2,556 ​ $ 3,124 ​ $ 6,374,100 ​ $ 6,377,224 Commercial properties ​ 15,000 ​ 946 ​ 1,213 ​ 4,547 ​ 21,706 ​ 1,180,357 ​ 1,202,063 Land and construction ​ — ​ — ​ — ​ — ​ — ​ 157,630 ​ 157,630 Commercial and industrial loans ​ 385 ​ 1,495 ​ 982 ​ 3,228 ​ 6,090 ​ 2,978,668 ​ 2,984,758 Consumer loans ​ — ​ 167 ​ — ​ — ​ 167 ​ 4,351 ​ 4,518 Total ​ $ 15,896 ​ $ 2,665 ​ $ 2,195 ​ $ 10,331 ​ $ 31,087 ​ $ 10,695,106 ​ $ 10,726,193 Percentage of total loans ​ 0.15 % 0.02 % 0.02 % 0.10 % 0.29 % ​
Summary of nonaccrual loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nonaccrual ​ Nonaccrual ​ ​ with Allowance ​ with no Allowance (dollars in thousands) for Credit Losses for Credit Losses June 30, 2023: ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ Residential properties ​ $ — ​ $ 3,373 Commercial properties ​ ​ — ​ ​ 2,822 Commercial and industrial loans ​ 1,584 ​ 1,837 Consumer loans ​ — ​ 10 Total ​ $ 1,584 ​ $ 8,042 ​ ​ ​ ​ ​ ​ ​ December 31, 2022: ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ Residential properties ​ $ — ​ $ 2,556 Commercial properties ​ ​ — ​ ​ 4,547 Commercial and industrial loans ​ 2,016 ​ 1,212 Total ​ $ 2,016 ​ $ 8,315
Composition of TDRs by Accrual and Nonaccrual Status	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023: ​ ​ Payment Deferrals ​ ​ ​ Amortized Cost Basis ​ % of Total Class of Loans ​ Financial Effect Commercial and industrial loans ​ $ 1,339 ​ 0.04 % 1 loan with payments deferred for 4 months Total ​ $ 1,339 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Combination ​ ​ ​ Amortized Cost Basis ​ % of Total Class of Loans ​ Financial Effect Commercial and industrial loans ​ $ 950 ​ 0.03 % 1 loan with payments deferred for 4 months and term extended by 4 months Total ​ $ 950 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ Amortized Cost Basis ​ % of Total Class of Loans ​ ​ Commercial and industrial loans ​ $ 2,289 ​ 0.07 % ​ Total ​ $ 2,289 ​ ​ ​ ​ ​ The following table presents the amortized cost basis of loans that had a payment default since modification during the six months ended June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023: ​ ​ Payment Deferrals ​ ​ ​ # of Loans Defaulted ​ ​ Amortized Cost Basis Commercial and industrial loans ​ ​ 1 ​ $ 1,339 Total ​ ​ 1 ​ $ 1,339 ​ ​ ​ ​ ​ ​ ​ ​ ​ Combination ​ ​ ​ # of Loans Defaulted ​ ​ Amortized Cost Basis Commercial and industrial loans ​ ​ 1 ​ $ 950 Total ​ ​ 1 ​ $ 950 ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ # of Loans Defaulted ​ ​ Amortized Cost Basis Commercial and industrial loans ​ ​ 2 ​ ​ 2,289 Total ​ $ 2 ​ $ 2,289 ​ The following table presents the payment status of our loan modifications made during the six months ended June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ 90+ Days ​ ​ ​ (dollars in thousands) ​ ​ Current ​ Past Due ​ Past Due ​ Total June 30, 2023: ​ ​ ​ ​ Commercial and industrial loans $ — ​ $ 2,289 ​ $ — ​ $ 2,289 Total $ — ​ $ 2,289 ​ $ — ​ $ 2,289 ​ FASB has provided transition guidance to assist with the implementation of ASU 2022-02. Per this guidance, FASB expects that for comparative periods presented before adoption, current TDR disclosures should continue to be provided. As such, the following table presents the loans classified as TDRs by accrual and nonaccrual status as of the comparative period ended December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 (dollars in thousands) Accrual Nonaccrual Total Commercial real estate loans ​ $ 929 ​ $ 1,066 ​ $ 1,995 Commercial and industrial loans ​ 166 ​ 1,412 ​ 1,578 Total ​ $ 1,095 ​ $ 2,478 ​ $ 3,573

ALLOWANCE FOR CREDIT LOSSES (Ta

ALLOWANCE FOR CREDIT LOSSES (Tables)	6 Months Ended
	Jun. 30, 2023
ALLOWANCE FOR CREDIT LOSSES
Bank's Allowance for Credit Losses	The following is a rollforward of the allowance for credit losses related to loans for the following periods: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning (Reversal) for ​ ​ ​ Ending (dollars in thousands) ​ Balance ​ Credit Losses ​ Charge-offs ​ Recoveries ​ Balance Three Months Ended June 30, 2023: ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ Residential properties ​ $ 8,263 ​ $ (29) ​ $ — ​ $ — ​ $ 8,234 Commercial properties ​ 5,733 ​ (480) ​ — ​ — ​ 5,253 Land and construction ​ 316 ​ (29) ​ — ​ — ​ 287 Commercial and industrial loans ​ 16,760 ​ 1,404 ​ (1,087) ​ 613 ​ 17,690 Consumer loans ​ 23 ​ (3) ​ — ​ 1 ​ 21 Total ​ $ 31,095 ​ $ 863 ​ $ (1,087) ​ $ 614 ​ $ 31,485 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, 2023: ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ Residential properties ​ $ 8,306 ​ $ (72) ​ $ — ​ $ — ​ $ 8,234 Commercial properties ​ 8,714 ​ (3,212) ​ (249) ​ — ​ 5,253 Land and construction ​ 164 ​ 123 ​ — ​ — ​ 287 Commercial and industrial loans ​ 16,521 ​ 3,089 ​ (2,839) ​ 919 ​ 17,690 Consumer loans ​ 26 ​ (4) ​ (2) ​ 1 ​ 21 Total ​ $ 33,731 ​ $ (76) ​ $ (3,090) ​ $ 920 ​ $ 31,485 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022: ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ Residential properties ​ $ 2,637 ​ $ 5,674 ​ $ (5) ​ $ — ​ $ 8,306 Commercial properties ​ 17,049 ​ (8,335) ​ — ​ — ​ 8,714 Land and construction ​ 1,995 ​ (1,831) ​ — ​ — ​ 164 Commercial and industrial loans ​ 11,992 ​ 4,804 ​ (711) ​ 436 ​ 16,521 Consumer loans ​ 103 ​ (73) ​ (4) ​ — ​ 26 Total ​ $ 33,776 ​ $ 239 ​ $ (720) ​ $ 436 ​ $ 33,731
Balance in Allowance for Credit Losses and Recorded Investment in Loans by Impairment	The following table presents the balance in the allowance for credit losses and the recorded investment in loans by impairment method as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Credit Losses ​ ​ ​ Loans Evaluated ​ ​ ​ ​ (dollars in thousands) Individually Collectively Total June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses: ​ ​ ​ Real estate loans: ​ ​ ​ Residential properties ​ $ 87 ​ $ 8,147 ​ $ 8,234 ​ Commercial properties ​ 1,003 ​ 4,250 ​ 5,253 ​ Land and construction ​ — ​ 287 ​ 287 ​ Commercial and industrial loans ​ 933 ​ 16,757 ​ 17,690 ​ Consumer loans ​ — ​ 21 ​ 21 ​ Total ​ $ 2,023 ​ $ 29,462 ​ $ 31,485 ​ Loans: ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ Residential properties ​ $ 4,027 ​ $ 6,265,212 ​ $ 6,269,239 ​ Commercial properties ​ 20,848 ​ 1,048,805 ​ 1,069,653 ​ Land and construction ​ — ​ 158,326 ​ 158,326 ​ Commercial and industrial loans ​ 4,405 ​ 3,079,945 ​ 3,084,350 ​ Consumer loans ​ — ​ 3,633 ​ 3,633 ​ Total ​ $ 29,280 ​ $ 10,555,921 ​ $ 10,585,201 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses: ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ Residential properties ​ $ 87 ​ $ 8,219 ​ $ 8,306 ​ Commercial properties ​ 1,834 ​ 6,880 ​ 8,714 ​ Land and construction ​ — ​ 164 ​ 164 ​ Commercial and industrial loans ​ 3,122 ​ 13,399 ​ 16,521 ​ Consumer loans ​ — ​ 26 ​ 26 ​ Total ​ $ 5,043 ​ $ 28,688 ​ $ 33,731 ​ Loans: ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ Residential properties ​ $ 3,479 ​ $ 6,373,745 ​ $ 6,377,224 ​ Commercial properties ​ 34,278 ​ 1,167,785 ​ 1,202,063 ​ Land and construction ​ — ​ 157,630 ​ 157,630 ​ Commercial and industrial loans ​ 9,397 ​ 2,975,361 ​ 2,984,758 ​ Consumer loans ​ — ​ 4,518 ​ 4,518 ​ Total ​ $ 47,154 ​ $ 10,679,039 ​ $ 10,726,193 ​
Risk Category of Loans Based on Year of Origination	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ (dollars in thousands) 2023 2022 2021 2020 2019 Prior Loans Total June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 24,008 $ 2,357,458 ​ $ 1,545,636 $ 788,414 $ 294,891 ​ $ 257,039 $ — $ 5,267,446 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,607 ​ ​ 9,664 ​ ​ — ​ ​ 15,271 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 24,008 $ 2,357,458 ​ $ 1,545,636 $ 788,414 $ 300,498 ​ $ 266,703 $ — $ 5,282,717 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 13,693 $ 263,133 ​ $ 269,604 $ 93,136 $ 39,094 ​ $ 242,640 $ 60,684 $ 981,984 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 4,242 ​ ​ 296 ​ ​ 4,538 Total $ 13,693 $ 263,133 ​ $ 269,604 $ 93,136 $ 39,094 ​ $ 246,882 $ 60,980 $ 986,522 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 17,184 $ 220,262 ​ $ 148,045 $ 116,290 $ 83,375 ​ $ 437,850 $ — $ 1,023,006 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,308 ​ ​ — ​ ​ 11,544 ​ ​ — ​ ​ 13,852 Substandard ​ ​ — ​ ​ 5,830 ​ ​ 3,496 ​ ​ 653 ​ ​ 11,575 ​ ​ 11,241 ​ ​ — ​ ​ 32,795 Total $ 17,184 $ 226,092 ​ $ 151,541 $ 119,251 $ 94,950 ​ $ 460,635 $ — $ 1,069,653 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 249 ​ $ — ​ $ 249 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land and construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 11,425 $ 39,551 ​ $ 55,505 $ 43,832 $ 829 ​ $ 7,184 $ — $ 158,326 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 11,425 $ 39,551 ​ $ 55,505 $ 43,832 $ 829 ​ $ 7,184 $ — $ 158,326 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 136,783 $ 1,163,930 ​ $ 286,993 $ 142,264 $ 34,892 ​ $ 29,192 $ 1,244,751 $ 3,038,805 Special mention ​ ​ — ​ ​ — ​ ​ 19,909 ​ ​ 4,575 ​ ​ 147 ​ ​ — ​ ​ 9,972 ​ ​ 34,603 Substandard ​ ​ — ​ ​ — ​ ​ 1,071 ​ ​ 575 ​ ​ 1,400 ​ ​ 921 ​ ​ 6,975 ​ ​ 10,942 Total $ 136,783 $ 1,163,930 ​ $ 307,973 $ 147,414 $ 36,439 ​ $ 30,113 $ 1,261,698 $ 3,084,350 Gross charge-offs ​ $ — ​ $ 668 ​ $ 599 ​ $ 473 ​ $ 54 ​ $ — ​ $ 1,045 ​ $ 2,839 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 10 $ 3 ​ $ 1,023 $ — $ 309 ​ $ 146 $ 2,142 $ 3,633 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 10 $ 3 ​ $ 1,023 $ — $ 309 ​ $ 146 $ 2,142 $ 3,633 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2 ​ $ 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 203,103 $ 4,044,337 ​ $ 2,306,806 $ 1,183,936 $ 453,390 ​ $ 974,051 $ 1,307,577 $ 10,473,200 Special mention ​ ​ — ​ ​ — ​ ​ 19,909 ​ ​ 6,883 ​ ​ 5,754 ​ ​ 21,208 ​ ​ 9,972 ​ ​ 63,726 Substandard ​ ​ — ​ ​ 5,830 ​ ​ 4,567 ​ ​ 1,228 ​ ​ 12,975 ​ ​ 16,404 ​ ​ 7,271 ​ ​ 48,275 Total $ 203,103 $ 4,050,167 ​ $ 2,331,282 $ 1,192,047 $ 472,119 ​ $ 1,011,663 $ 1,324,820 $ 10,585,201 Gross charge-offs ​ $ — ​ $ 668 ​ $ 599 ​ $ 473 ​ $ 54 ​ $ 249 ​ $ 1,047 ​ $ 3,090 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ (dollars in thousands) 2022 2021 2020 2019 2018 Prior Loans Total December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 2,399,360 $ 1,552,311 ​ $ 795,263 $ 301,025 $ 145,675 ​ $ 146,622 $ — $ 5,340,256 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,666 ​ ​ 9,767 ​ ​ 1,545 ​ ​ — ​ ​ 16,978 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 2,399,360 $ 1,552,311 ​ $ 795,263 $ 306,691 $ 155,442 ​ $ 148,167 $ — $ 5,357,234 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 270,589 $ 276,244 ​ $ 96,183 $ 40,010 $ 49,676 ​ $ 215,209 $ 68,575 $ 1,016,486 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 25 ​ ​ 25 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,434 ​ ​ 45 ​ ​ 3,479 Total $ 270,589 $ 276,244 ​ $ 96,183 $ 40,010 $ 49,676 ​ $ 218,643 $ 68,645 $ 1,019,990 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 223,503 $ 158,363 ​ $ 144,105 $ 93,960 $ 171,460 ​ $ 325,048 $ — $ 1,116,439 Special mention ​ ​ — ​ ​ 13,425 ​ ​ 2,340 ​ ​ 7,088 ​ ​ 11,734 ​ ​ 7,905 ​ ​ — ​ ​ 42,492 Substandard ​ ​ 5,919 ​ ​ 14,376 ​ ​ 742 ​ ​ 10,661 ​ ​ — ​ ​ 11,434 ​ ​ — ​ ​ 43,132 Total $ 229,422 $ 186,164 ​ $ 147,187 $ 111,709 $ 183,194 ​ $ 344,387 $ — $ 1,202,063 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land and construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 43,846 $ 58,268 ​ $ 47,212 $ 854 $ 5,044 ​ $ 2,406 $ — $ 157,630 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 43,846 $ 58,268 ​ $ 47,212 $ 854 $ 5,044 ​ $ 2,406 $ — $ 157,630 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 1,176,851 $ 369,775 ​ $ 182,889 $ 62,767 $ 16,306 ​ $ 17,558 $ 1,133,998 $ 2,960,144 Special mention ​ ​ — ​ ​ 542 ​ ​ 1,212 ​ ​ 383 ​ ​ — ​ ​ — ​ ​ 5,573 ​ ​ 7,710 Substandard ​ ​ — ​ ​ 380 ​ ​ 2,125 ​ ​ 1,810 ​ ​ — ​ ​ 2,736 ​ ​ 9,853 ​ ​ 16,904 Total $ 1,176,851 $ 370,697 ​ $ 186,226 $ 64,960 $ 16,306 ​ $ 20,294 $ 1,149,424 $ 2,984,758 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 456 $ 1,092 ​ $ — $ 471 $ 133 ​ $ 69 $ 2,297 $ 4,518 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 456 $ 1,092 ​ $ — $ 471 $ 133 ​ $ 69 $ 2,297 $ 4,518 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 4,114,605 $ 2,416,053 ​ $ 1,265,652 $ 499,087 $ 388,294 ​ $ 706,912 $ 1,204,870 $ 10,595,473 Special mention ​ ​ — ​ ​ 13,967 ​ ​ 3,552 ​ ​ 13,137 ​ ​ 21,501 ​ ​ 9,450 ​ ​ 5,598 ​ ​ 67,205 Substandard ​ ​ 5,919 ​ ​ 14,756 ​ ​ 2,867 ​ ​ 12,471 ​ ​ — ​ ​ 17,604 ​ ​ 9,898 ​ ​ 63,515 Total $ 4,120,524 $ 2,444,776 ​ $ 1,272,071 $ 524,695 $ 409,795 ​ $ 733,966 $ 1,220,366 $ 10,726,193
Amortized Cost Basis of Collateral Dependent Loans Individually Evaluated to Determine Credit Losses and Related ACL Allocated to Loans	A loan is considered collateral dependent when the borrower is experiencing financial difficulty and repayment of the loan is expected to be provided substantially through the operation or sale of the collateral. Collateral dependent loans are evaluated individually to determine expected credit losses and any allowance for credit losses (“ACL”) allocation is determined based upon the amount by which amortized costs exceed the estimated fair value of the collateral, adjusted for estimated selling costs (if applicable). The following table presents the amortized cost basis of collateral dependent loans and the related ACL allocated to these loans as of the dates indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equipment/ ​ ​ ​ ​ ​ ACL (dollars in thousands) ​ Real Estate ​ Cash ​ Receivables ​ Total ​ ​ Allocation June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ Residential properties ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single family ​ $ 2,395 ​ $ — ​ $ — ​ $ 2,395 ​ $ — Commercial real estate loans ​ 2,588 ​ — ​ — ​ 2,588 ​ — Commercial loans ​ — ​ 250 ​ — ​ 250 ​ — Total ​ $ 4,983 ​ $ 250 ​ $ — ​ $ 5,233 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ Residential properties ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single family ​ $ 2,435 ​ $ — ​ $ — ​ $ 2,435 ​ $ — Commercial real estate loans ​ 3,171 ​ — ​ — ​ 3,171 ​ — Commercial loans ​ — ​ 250 ​ 638 ​ 888 ​ 630 Total ​ $ 5,606 ​ $ 250 ​ $ 638 ​ $ 6,494 ​ $ 630

DEPOSITS (Tables)

DEPOSITS (Tables)	6 Months Ended
	Jun. 30, 2023
DEPOSITS
Summary of Outstanding Balance of Deposits and Average Rates	The following table summarizes the outstanding balance of deposits and average rates paid thereon as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ Weighted ​ ​ (dollars in thousands) ​ Amount ​ Average Rate ​ Amount ​ Average Rate ​ ​ Demand deposits: ​ ​ ​ Noninterest-bearing ​ $ 2,660,249 — ​ $ 2,736,691 — ​ ​ Interest-bearing ​ 2,280,932 3.668 % 2,568,850 3.109 % ​ Money market and savings ​ 3,096,365 3.510 % 3,178,230 2.373 % ​ Certificates of deposit ​ 2,769,440 4.473 % 1,878,841 3.741 % ​ Total ​ $ 10,806,986 2.926 % $ 10,362,612 2.177 % ​

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2023
EARNINGS PER SHARE
Computation of Basic and Diluted Earnings Per Share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Three Months Ended ​ ​ ​ June 30, 2023 ​ June 30, 2022 ​ (dollars in thousands, except per share amounts) ​ Basic ​ Diluted ​ Basic ​ Diluted ​ Net (loss) income $ (212,288) $ (212,288) $ 33,316 $ 33,316 ​ Basic common shares outstanding ​ 56,430,813 ​ 56,430,813 ​ 56,471,470 ​ 56,471,470 ​ Effect of options, restricted stock and contingent shares issuable ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 48,199 ​ Diluted common shares outstanding ​ ​ 56,430,813 ​ ​ 56,519,669 ​ Net (loss) income per share ​ $ (3.76) ​ $ (3.76) ​ $ 0.59 ​ $ 0.59 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ Six Months Ended ​ ​ June 30, 2023 ​ June 30, 2022 (dollars in thousands, except share and per share amounts) ​ Basic ​ Diluted ​ Basic ​ Diluted Net (loss) income $ (203,792) $ (203,792) $ 64,152 $ 64,152 Basic common shares outstanding ​ 56,403,891 ​ 56,403,891 ​ 56,468,678 ​ 56,468,678 Effect of options, restricted stock and contingent shares issuable ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 74,814 Diluted common shares outstanding ​ ​ 56,403,891 ​ ​ 56,543,492 Net (loss) income per share ​ $ (3.61) ​ $ (3.61) ​ $ 1.14 ​ $ 1.13

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	6 Months Ended
	Jun. 30, 2023
SEGMENT REPORTING
Key Operating Results of Business Segments	For the three and six months ended June 30, 2023 and 2022, the Company had two reportable business segments: Banking (FFB) and Wealth Management (FFA). The results of FFI and any elimination entries are included in the column labeled Other. The reportable segments are determined by products and services offered and the corporate structure. Business segment earnings before taxes are the primary measure of the segment’s performance as evaluated by management. Business segment earnings before taxes include direct revenue and expenses of the segment as well as corporate and inter-company cost allocations. Allocations of corporate expenses, such as finance and accounting, data processing and human resources are calculated based on estimated activity or usage levels. The management accounting process measures the performance of the operating segments based on the Company’s management structure and is not necessarily comparable with similar information for other financial services companies. If the management structures and/or the allocation process changes, allocations, transfers, and assignments may change. The following tables show key operating results for each of our business segments used to arrive at our consolidated totals for the following periods: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Wealth ​ ​ ​ ​ (dollars in thousands) ​ Banking ​ Management ​ Other Total Three Months Ended June 30, 2023: ​ ​ ​ ​ Interest income ​ $ 145,328 ​ $ — ​ $ — ​ $ 145,328 Interest expense ​ 94,539 ​ — ​ 1,805 ​ 96,344 Net interest income ​ 50,789 ​ — ​ (1,805) ​ 48,984 Provision for credit losses ​ 887 ​ — ​ — ​ 887 Noninterest income ​ 5,067 ​ 7,415 ​ (403) ​ 12,079 Noninterest expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill impairment ​ ​ 215,252 ​ ​ — ​ ​ — ​ ​ 215,252 Operating ​ ​ 50,700 ​ ​ 5,617 ​ 1,195 ​ 57,512 (Loss) income before income taxes ​ ​ (210,983) ​ ​ 1,798 ​ ​ (3,403) ​ ​ (212,588) Income tax expense (benefit) ​ ​ 134 ​ ​ 529 ​ ​ (963) ​ ​ (300) Net (loss) income ​ $ (211,117) ​ $ 1,269 ​ $ (2,440) ​ $ (212,288) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2022: ​ ​ ​ ​ Interest income ​ $ 89,971 ​ $ — ​ $ — ​ $ 89,971 Interest expense ​ 6,476 ​ — ​ 1,690 ​ 8,166 Net interest income ​ 83,495 ​ — ​ (1,690) ​ 81,805 Provision for credit losses ​ 173 ​ — ​ — ​ 173 Noninterest income ​ 5,857 ​ 7,980 ​ (437) ​ 13,400 Noninterest expense ​ 42,032 ​ 6,189 ​ 584 ​ 48,805 Income (loss) before income taxes ​ ​ 47,147 ​ ​ 1,791 ​ ​ (2,711) ​ ​ 46,227 Income tax expense (benefit) ​ ​ 12,893 ​ ​ 529 ​ ​ (511) ​ ​ 12,911 Net income (loss) ​ $ 34,254 ​ $ 1,262 ​ $ (2,200) ​ $ 33,316 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Wealth ​ ​ ​ ​ (dollars in thousands) ​ Banking ​ Management ​ Other Total Six Months Ended June 30, 2023: ​ ​ ​ ​ Interest income ​ $ 282,328 ​ $ — ​ $ — ​ $ 282,328 Interest expense ​ 170,988 ​ — ​ 3,601 ​ 174,589 Net interest income ​ 111,340 ​ — ​ (3,601) ​ 107,739 Provision for credit losses ​ 1,304 ​ — ​ — ​ 1,304 Noninterest income ​ 9,868 ​ 14,706 ​ (797) ​ 23,777 Noninterest expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill impairment ​ ​ 215,252 ​ ​ — ​ ​ — ​ ​ 215,252 Operating ​ ​ 102,345 ​ 11,682 ​ 2,825 ​ 116,852 (Loss) income before income taxes ​ ​ (197,693) ​ ​ 3,024 ​ ​ (7,223) ​ ​ (201,892) Income tax expense (benefit) ​ ​ 3,081 ​ ​ 893 ​ ​ (2,074) ​ ​ 1,900 Net (loss) income ​ $ (200,774) ​ $ 2,131 ​ $ (5,149) ​ $ (203,792) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, 2022: ​ ​ ​ ​ Interest income ​ $ 169,115 ​ $ — ​ $ — ​ $ 169,115 Interest expense ​ 9,889 ​ — ​ 2,927 ​ 12,816 Net interest income ​ 159,226 ​ — ​ (2,927) ​ 156,299 Provision (reversal) for credit losses ​ (619) ​ — ​ — ​ (619) Noninterest income ​ 13,388 ​ 16,325 ​ (886) ​ 28,827 Noninterest expense ​ 82,133 ​ 12,833 ​ 1,457 ​ 96,423 Income (loss) before taxes on income ​ ​ 91,100 ​ ​ 3,492 ​ ​ (5,270) ​ ​ 89,322 Income tax expense (benefit) ​ ​ 25,608 ​ ​ 1,022 ​ ​ (1,460) ​ ​ 25,170 Net income (loss) ​ $ 65,492 ​ $ 2,470 ​ $ (3,810) ​ $ 64,152

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	6 Months Ended
	Jun. 30, 2023 subsidiary
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Number of inactive wholly owned subsidiaries	2

FAIR VALUE MEASUREMENTS - Recor

FAIR VALUE MEASUREMENTS - Recorded Amounts of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	$ 200,763	$ 226,158
Investment in equity securities	9,774	9,767
Agency Mortgage-backed Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	6,571	7,576
Municipal bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	46,295	46,790
SBA securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	15,715	18,955
Beneficial interest - FHLMC securitizations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	7,599	7,981
Corporate Bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	115,262	135,013
U.S. Treasury
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	1,226	1,228
Fair Value on Recurring Basis
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment in equity securities	9,774	9,767
Total assets at fair value on a recurring basis	210,537	235,925
Fair Value on Recurring Basis | Collateralized mortgage obligations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	8,095	8,615
Fair Value on Recurring Basis | Agency Mortgage-backed Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	6,571	7,576
Fair Value on Recurring Basis | Municipal bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	46,295	46,790
Fair Value on Recurring Basis | SBA securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	15,715	18,955
Fair Value on Recurring Basis | Beneficial interest - FHLMC securitizations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	7,599	7,981
Fair Value on Recurring Basis | Corporate Bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	115,262	135,013
Fair Value on Recurring Basis | U.S. Treasury
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	1,226	1,228
Fair Value Measurement Level 1 | Fair Value on Recurring Basis
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets at fair value on a recurring basis	1,226	1,228
Fair Value Measurement Level 1 | Fair Value on Recurring Basis | U.S. Treasury
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	1,226	1,228
Fair Value Measurement Level 2 | Fair Value on Recurring Basis
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets at fair value on a recurring basis	191,938	216,949
Fair Value Measurement Level 2 | Fair Value on Recurring Basis | Collateralized mortgage obligations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	8,095	8,615
Fair Value Measurement Level 2 | Fair Value on Recurring Basis | Agency Mortgage-backed Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	6,571	7,576
Fair Value Measurement Level 2 | Fair Value on Recurring Basis | Municipal bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	46,295	46,790
Fair Value Measurement Level 2 | Fair Value on Recurring Basis | SBA securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	15,715	18,955
Fair Value Measurement Level 2 | Fair Value on Recurring Basis | Corporate Bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	115,262	135,013
Fair Value Measurement Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment in equity securities	9,774	9,767
Fair Value Measurement Level 3 | Fair Value on Recurring Basis
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment in equity securities	9,774	9,767
Total assets at fair value on a recurring basis	17,373	17,748
Fair Value Measurement Level 3 | Fair Value on Recurring Basis | Beneficial interest - FHLMC securitizations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	$ 7,599	$ 7,981

FAIR VALUE MEASUREMENTS - Valua

FAIR VALUE MEASUREMENTS - Valuation assumptions (Details) $ in Millions	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Specific reserves	$ 0	$ 0.6
Fair Value Measurement Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Collateral dependent loans, amortized cost basis	5.2	6.5
Fair Value Measurement Level 3 | Mortgage Servicing Rights. | Fair Value Nonrecurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Net of valuation allowance	$ 5.7	$ 5.9
Fair Value Measurement Level 3 | Prepayment Rate | Minimum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.30	0.30
Fair Value Measurement Level 3 | Prepayment Rate | Minimum | Mortgage Servicing Rights.
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.20
Fair Value Measurement Level 3 | Prepayment Rate | Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.45	0.45
Fair Value Measurement Level 3 | Prepayment Rate | Maximum | Mortgage Servicing Rights.
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.30
Fair Value Measurement Level 3 | Discount Rate | Mortgage Servicing Rights.
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.10
Fair Value Measurement Level 3 | Discount Rate | Minimum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.0769	0.0769
Fair Value Measurement Level 3 | Discount Rate | Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.100	0.100

FAIR VALUE MEASUREMENTS - Carry

FAIR VALUE MEASUREMENTS - Carrying Amounts and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets:
Cash and cash equivalents	$ 926,081	$ 656,494
Securities AFS, net	200,763	226,158
Securities HTM	814,661	862,544
Loans, net	10,553,716	10,692,462
Investment in FHLB stock	19,485	25,358
Investment in equity securities	9,774	9,767
Liabilities:
Deposits	10,806,986	10,362,612
Borrowings	975,541	1,369,936
Assets Fair Value:
Cash and cash equivalents	926,081	656,494
Securities AFS, net	200,763	226,158
Securities HTM	724,108	773,061
Loans, net	10,225,043	10,354,052
Investment in FHLB stock	19,485	25,358
Investment in equity securities	9,774	9,767
Liabilities Fair Value:
Deposits	10,795,909	10,349,272
Borrowings	861,407	1,329,722
Fair Value Measurement Level 1
Assets Fair Value:
Cash and cash equivalents	926,081	656,494
Securities AFS, net	1,226	1,228
Liabilities Fair Value:
Deposits	8,037,546	8,483,770
Borrowings	730,000	1,176,601
Fair Value Measurement Level 2
Assets:
Investment in FHLB stock	19,485	25,358
Assets Fair Value:
Securities AFS, net	191,938	216,949
Securities HTM	724,108	773,061
Investment in FHLB stock	19,485	25,358
Liabilities Fair Value:
Deposits	2,758,363	1,865,502
Fair Value Measurement Level 3
Assets:
Investment in equity securities	9,774	9,767
Assets Fair Value:
Securities AFS, net	7,599	7,981
Loans, net	10,225,043	10,354,052
Investment in equity securities	9,774	9,767
Liabilities Fair Value:
Borrowings	$ 131,407	$ 153,121

SECURITIES - Summary of AFS Sec

SECURITIES - Summary of AFS Securities Portfolio (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	$ 237,240		$ 253,085
Gross Unrealized gains	100		112
Gross Unrealized losses	(28,042)		(15,600)
Allowance for credit losses - investments	(8,535)	$ (12,288)	(11,439)	$ (10,399)
Estimated Fair Value	200,763		226,158
Collateralized mortgage obligations
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	9,463		9,865
Gross Unrealized losses	(1,368)		(1,250)
Estimated Fair Value	8,095		8,615
Agency Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	7,107		8,161
Gross Unrealized losses	(536)		(585)
Estimated Fair Value	6,571		7,576
Beneficial interest - FHLMC securitizations
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	14,921		19,415
Gross Unrealized gains	97		108
Gross Unrealized losses	(361)		(103)
Allowance for credit losses - investments	(7,058)	(11,315)	(11,439)	$ (10,399)
Estimated Fair Value	7,599		7,981
Municipal bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	49,684		50,232
Gross Unrealized losses	(3,389)		(3,442)
Estimated Fair Value	46,295		46,790
Corporate Bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	138,934		145,024
Gross Unrealized losses	(22,195)		(10,011)
Allowance for credit losses - investments	(1,477)	$ (973)
Estimated Fair Value	115,262		135,013
U.S. Treasury
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	1,298		1,298
Gross Unrealized gains			1
Gross Unrealized losses	(72)		(71)
Estimated Fair Value	1,226		1,228
SBA securities
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	15,833		19,090
Gross Unrealized gains	3		3
Gross Unrealized losses	(121)		(138)
Estimated Fair Value	$ 15,715		$ 18,955

SECURITIES - Additional Informa

SECURITIES - Additional Information (Details) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 USD ($) instrument	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Schedule Of Available For Sale Securities [Line Items]
Investment securities available for sale	$ 200,763	$ 200,763		$ 226,158
Estimated Fair Value	724,108	724,108		773,061
Provision for credit losses	218	1,067	$ 827	1,040
Debt Securities, Available-for-Sale, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff	3,971	3,971
U.S. Treasury
Schedule Of Available For Sale Securities [Line Items]
Investment securities available for sale	1,226	1,226		1,228
U.S. Treasury | Asset Pledged as Collateral [Member]
Schedule Of Available For Sale Securities [Line Items]
Investment securities available for sale	1,200	1,200
Agency Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Investment securities available for sale	6,571	6,571		7,576
Estimated Fair Value	724,108	724,108		773,061
Agency Mortgage-backed Securities | Asset Pledged as Collateral [Member]
Schedule Of Available For Sale Securities [Line Items]
Investment securities available for sale	226,600	226,600
Estimated Fair Value	900,600	900,600
SBA securities
Schedule Of Available For Sale Securities [Line Items]
Investment securities available for sale	15,715	15,715		18,955
SBA securities | Asset Pledged as Collateral [Member]
Schedule Of Available For Sale Securities [Line Items]
Investment securities available for sale	59,600	59,600
Corporate Bonds
Schedule Of Available For Sale Securities [Line Items]
Investment securities available for sale	115,262	$ 115,262		135,013
Number of financial instruments impacted by credit loss | instrument		18
Provision for credit losses	504	$ 1,477
Beneficial interest - FHLMC securitizations
Schedule Of Available For Sale Securities [Line Items]
Investment securities available for sale	7,599	7,599		7,981
Provision for credit losses	(286)	(410)		$ 1,040
Debt Securities, Available-for-Sale, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff	$ 3,971	$ 3,971

SECURITIES - Summary of HTM Sec

SECURITIES - Summary of HTM Securities Portfolio (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2023
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 862,544	$ 814,661
Gross Unrealized Loss	(89,483)	(90,553)
Estimated Fair Value	773,061	724,108
Amount of debt securities available for sale reclassified to held to maturity	917,000
Unrealized gain (loss) on transfer of available for sale securities to held to maturity	600
Agency Mortgage-backed Securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	862,544	814,661
Gross Unrealized Loss	(89,483)	(90,553)
Estimated Fair Value	$ 773,061	$ 724,108

SECURITIES - Schedule of AFS se

SECURITIES - Schedule of AFS securities in a Continuous Unrealized Loss Position Aggregated by Investment Category and Length of Time (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value	$ 35,970	$ 181,741
Less than 12 months, Unrealized Loss	(1,408)	(10,508)
12 months or more, Fair Value	159,763	38,657
12 months or more, Unrealized Loss	(26,634)	(5,092)
Total, Fair Value	195,733	220,398
Total, Unrealized Loss	(28,042)	(15,600)
Collateralized mortgage obligations
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value		2
12 months or more, Fair Value	8,095	8,613
12 months or more, Unrealized Loss	(1,368)	(1,250)
Total, Fair Value	8,095	8,615
Total, Unrealized Loss	(1,368)	(1,250)
Agency Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value		6,882
Less than 12 months, Unrealized Loss		(525)
12 months or more, Fair Value	6,569	696
12 months or more, Unrealized Loss	(536)	(60)
Total, Fair Value	6,569	7,578
Total, Unrealized Loss	(536)	(585)
Beneficial interest - FHLMC securitizations
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value	4,038	4,217
Less than 12 months, Unrealized Loss	(361)	(103)
Total, Fair Value	4,038	4,217
Total, Unrealized Loss	(361)	(103)
Municipal bonds
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value	3,561	44,971
Less than 12 months, Unrealized Loss	(62)	(3,244)
12 months or more, Fair Value	40,924	1,819
12 months or more, Unrealized Loss	(3,327)	(198)
Total, Fair Value	44,485	46,790
Total, Unrealized Loss	(3,389)	(3,442)
Corporate Bonds
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value	14,133	108,056
Less than 12 months, Unrealized Loss	(867)	(6,476)
12 months or more, Fair Value	102,606	26,957
12 months or more, Unrealized Loss	(21,328)	(3,535)
Total, Fair Value	116,739	135,013
Total, Unrealized Loss	(22,195)	(10,011)
U.S. Treasury
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value	396	376
Less than 12 months, Unrealized Loss	(4)	(23)
12 months or more, Fair Value	831	451
12 months or more, Unrealized Loss	(68)	(48)
Total, Fair Value	1,227	827
Total, Unrealized Loss	(72)	(71)
SBA securities
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value	13,842	17,237
Less than 12 months, Unrealized Loss	(114)	(137)
12 months or more, Fair Value	738	121
12 months or more, Unrealized Loss	(7)	(1)
Total, Fair Value	14,580	17,358
Total, Unrealized Loss	$ (121)	$ (138)

SECURITIES - Schedule of HTM se

SECURITIES - Schedule of HTM securities in a Continuous Unrealized Loss Position Aggregated by Investment Category and Length of Time (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Held-to-maturity Securities [Line Items]
Less than 12 months, Fair Value		$ 394,619
Less than 12 months, Unrecognized Loss		(37,418)
12 months or more, Fair Value	$ 724,108	378,442
12 months or more, Unrecognized Loss	(90,553)	(52,065)
Total, Fair Value	724,108	773,061
Total, Unrecognized Loss	(90,553)	(89,483)
Agency Mortgage-backed Securities
Schedule of Held-to-maturity Securities [Line Items]
Less than 12 months, Fair Value		394,619
Less than 12 months, Unrecognized Loss		(37,418)
12 months or more, Fair Value	724,108	378,442
12 months or more, Unrecognized Loss	(90,553)	(52,065)
Total, Fair Value	724,108	773,061
Total, Unrecognized Loss	$ (90,553)	$ (89,483)

SECURITIES - Schedule of Allowa

SECURITIES - Schedule of Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Schedule Of Available For Sale Securities [Line Items]
Beginning Balance for period	$ 12,288	$ 11,439	$ 10,399	$ 10,399
Provision for credit losses	218	1,067	827	1,040
Charge-offs	(3,971)	(3,971)
Ending Balance for period	8,535	8,535		11,439
Beneficial interest - FHLMC securitizations
Schedule Of Available For Sale Securities [Line Items]
Beginning Balance for period	11,315	11,439	$ 10,399	10,399
Provision for credit losses	(286)	(410)		1,040
Charge-offs	(3,971)	(3,971)
Ending Balance for period	7,058	7,058		$ 11,439
Corporate Bonds
Schedule Of Available For Sale Securities [Line Items]
Beginning Balance for period	973
Provision for credit losses	504	1,477
Ending Balance for period	$ 1,477	$ 1,477

SECURITIES - Scheduled Maturiti

SECURITIES - Scheduled Maturities of Securities AFS and the Related Weighted Average Yields (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, less than one year	$ 5,042	$ 6,321
Amortized cost, one through five years	72,000	53,939
Amortized cost, five through ten years	119,388	143,066
Amortized cost, after ten years	40,810	49,759
Amortized cost, total	$ 237,240	$ 253,085
Weighted average yield, less than one year	4.72%	4.36%
Weighted average yield, one through five years	5.25%	3.96%
Weighted average yield, five through ten years	3.30%	3.38%
Weighted average yield, after ten years	2.49%	1.91%
Weighted average yield, total	3.78%	3.24%
Estimated fair value, less than one year	$ 4,792	$ 6,314
Estimated fair value, one through five years	69,635	52,203
Estimated fair value, five through ten years	98,188	133,279
Estimated fair value, after ten years	36,683	45,801
Estimated fair value, total	209,298	237,597
Corporate Bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, less than one year		6,006
Amortized cost, one through five years	9,225	28,993
Amortized cost, five through ten years		104,494
Amortized cost, after ten years	5,696	5,531
Amortized cost, total	14,921	145,024
Estimated fair value, one through five years	9,225	9,860
Estimated fair value, after ten years	5,432	9,560
Estimated fair value, total	14,657	19,420
U.S. Treasury
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, one through five years	1,298	1,298
Amortized cost, total	1,298	1,298
Estimated fair value, one through five years	1,226	1,228
Estimated fair value, total	1,226	1,228
Agency Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, one through five years	5,460	4,384
Amortized cost, five through ten years		2,107
Amortized cost, after ten years	1,647	1,670
Amortized cost, total	7,107	8,161
Estimated fair value, one through five years	5,118	4,133
Estimated fair value, five through ten years		1,960
Estimated fair value, after ten years	1,453	1,483
Estimated fair value, total	6,571	7,576
Municipal bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, less than one year	5,039	301
Amortized cost, one through five years	45,437	8,002
Amortized cost, five through ten years	82,929	34,501
Amortized cost, after ten years	5,529	7,428
Amortized cost, total	138,934	50,232
Estimated fair value, less than one year	4,789	6,001
Estimated fair value, one through five years	44,004	28,022
Estimated fair value, five through ten years	63,707	96,734
Estimated fair value, after ten years	4,239	4,256
Estimated fair value, total	116,739	135,013
Beneficial interest - FHLMC securitizations
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, less than one year	3
Amortized cost, one through five years	1,306	9,860
Amortized cost, five through ten years	665
Amortized cost, after ten years	13,859	9,555
Amortized cost, total	15,833	19,415
Estimated fair value, less than one year	3	14
Estimated fair value, one through five years	1,296	1,395
Estimated fair value, five through ten years	663	1,272
Estimated fair value, after ten years	13,753	16,274
Estimated fair value, total	15,715	18,955
SBA securities
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, less than one year		14
Amortized cost, one through five years	9,274	1,402
Amortized cost, five through ten years	35,227	1,278
Amortized cost, after ten years	5,183	16,396
Amortized cost, total	49,684	19,090
Estimated fair value, less than one year		299
Estimated fair value, one through five years	8,766	7,565
Estimated fair value, five through ten years	33,309	32,690
Estimated fair value, after ten years	4,220	6,236
Estimated fair value, total	46,295	46,790
Collateralized mortgage obligations
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, five through ten years	567	686
Amortized cost, after ten years	8,896	9,179
Amortized cost, total	9,463	9,865
Estimated fair value, five through ten years	509	623
Estimated fair value, after ten years	7,586	7,992
Estimated fair value, total	$ 8,095	$ 8,615

SECURITIES - Scheduled Maturi_2

SECURITIES - Scheduled Maturities of Securities HTM and the Related Weighted Average Yields (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
HTM - Amortized Cost
Amortized cost, one through five years	$ 2,077	$ 208
Amortized cost, five through ten years	16,994	17,689
Amortized cost, after ten years	795,590	844,647
Amortized cost, total	$ 814,661	$ 862,544
HTM - Weighted average yield
Weighted average yield, one through five years	0.71%	0.36%
Weighted average yield, five through ten years	1.25%	1.12%
Weighted average yield, after ten years	2%	2.31%
Weighted average yield, total	1.98%	2.28%
HTM - Estimated Fair Value
Estimated fair value, one through five years	$ 1,911	$ 192
Estimated fair value, five through ten years	15,346	16,148
Estimated fair value, after ten years	706,851	756,721
Estimated fair value, total	724,108	773,061
Agency Mortgage-backed Securities
HTM - Amortized Cost
Amortized cost, one through five years	2,077	208
Amortized cost, five through ten years	16,994	17,689
Amortized cost, after ten years	795,590	844,647
Amortized cost, total	814,661	862,544
HTM - Estimated Fair Value
Estimated fair value, one through five years	1,911	192
Estimated fair value, five through ten years	15,346	16,148
Estimated fair value, after ten years	706,851	756,721
Estimated fair value, total	$ 724,108	$ 773,061

LOANS - Summary of Loans (Detai

LOANS - Summary of Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Accounts Notes And Loans Receivable [Line Items]
Total loans	$ 10,568,269	$ 10,709,180
Premiums, discounts and deferred fees and expenses	16,932	17,013
Total loans	10,585,201	10,726,193
Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	6,269,239	6,377,224
Multifamily
Accounts Notes And Loans Receivable [Line Items]
Total loans	5,282,717	5,357,234
Single family
Accounts Notes And Loans Receivable [Line Items]
Total loans	986,522	1,019,990
Commercial real estate
Accounts Notes And Loans Receivable [Line Items]
Total loans	1,069,653	1,202,063
Land and Construction
Accounts Notes And Loans Receivable [Line Items]
Total loans	158,326	157,630
Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	3,085,242	2,984,748
Total loans	3,084,350	2,984,758
Consumer Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	3,591	4,481
Total loans	3,633	4,518
Real Estate Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	7,479,436	7,719,951
Real Estate Loans | Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	6,249,827	6,358,094
Total loans	6,269,239	6,377,224
Real Estate Loans | Multifamily
Accounts Notes And Loans Receivable [Line Items]
Total loans	5,267,048	5,341,596
Real Estate Loans | Single family
Accounts Notes And Loans Receivable [Line Items]
Total loans	982,779	1,016,498
Real Estate Loans | Commercial real estate
Accounts Notes And Loans Receivable [Line Items]
Total loans	1,070,518	1,203,292
Total loans	1,069,653	1,202,063
Real Estate Loans | Land and Construction
Accounts Notes And Loans Receivable [Line Items]
Total loans	159,091	158,565
Total loans	$ 158,326	$ 157,630

LOANS - Summary of Delinquent a

LOANS - Summary of Delinquent and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual Past Due and Still Accruing	$ 9,626	$ 10,331
Total	$ 10,585,201	$ 10,726,193
Percentage of Total Loans Due Nonaccrual	0.09%	0.10%
Financial Asset, Past Due
Accounts Notes And Loans Receivable [Line Items]
Total	$ 14,781	$ 31,087
Percentage of Total Loans	0.14%	0.29%
30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total	$ 3,660	$ 15,896
Percentage of Total Loans Due 30-59 Days	0.03%	0.15%
60-89 Days
Accounts Notes And Loans Receivable [Line Items]
Total	$ 458	$ 2,665
Percentage of Total Loans Due 60-89 Days	0%	0.02%
90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Total	$ 1,037	$ 2,195
Percentage of Total Loans Due 90 Days or More	0.01%	0.02%
Financial Asset, Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Total	$ 10,570,420	$ 10,695,106
Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total	6,269,239	6,377,224
Commercial real estate
Accounts Notes And Loans Receivable [Line Items]
Total	1,069,653	1,202,063
Land and Construction
Accounts Notes And Loans Receivable [Line Items]
Total	158,326	157,630
Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual Past Due and Still Accruing	3,421	3,228
Total	3,084,350	2,984,758
Commercial and Industrial Loans | Financial Asset, Past Due
Accounts Notes And Loans Receivable [Line Items]
Total	5,368	6,090
Commercial and Industrial Loans | 30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total	544	385
Commercial and Industrial Loans | 60-89 Days
Accounts Notes And Loans Receivable [Line Items]
Total	458	1,495
Commercial and Industrial Loans | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Total	945	982
Commercial and Industrial Loans | Financial Asset, Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Total	3,078,982	2,978,668
Consumer Loans
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual Past Due and Still Accruing	10
Total	3,633	4,518
Consumer Loans | Financial Asset, Past Due
Accounts Notes And Loans Receivable [Line Items]
Total	172	167
Consumer Loans | 30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total	162
Consumer Loans | 60-89 Days
Accounts Notes And Loans Receivable [Line Items]
Total		167
Consumer Loans | Financial Asset, Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Total	3,461	4,351
Real Estate Loans | Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual Past Due and Still Accruing	3,373	2,556
Total	6,269,239	6,377,224
Real Estate Loans | Residential Properties | Financial Asset, Past Due
Accounts Notes And Loans Receivable [Line Items]
Total	3,789	3,124
Real Estate Loans | Residential Properties | 30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total	416	511
Real Estate Loans | Residential Properties | 60-89 Days
Accounts Notes And Loans Receivable [Line Items]
Total		57
Real Estate Loans | Residential Properties | Financial Asset, Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Total	6,265,450	6,374,100
Real Estate Loans | Commercial real estate
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual Past Due and Still Accruing	2,822	4,547
Total	1,069,653	1,202,063
Real Estate Loans | Commercial real estate | Financial Asset, Past Due
Accounts Notes And Loans Receivable [Line Items]
Total	5,452	21,706
Real Estate Loans | Commercial real estate | 30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total	2,538	15,000
Real Estate Loans | Commercial real estate | 60-89 Days
Accounts Notes And Loans Receivable [Line Items]
Total		946
Real Estate Loans | Commercial real estate | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Total	92	1,213
Real Estate Loans | Commercial real estate | Financial Asset, Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Total	1,064,201	1,180,357
Real Estate Loans | Land and Construction
Accounts Notes And Loans Receivable [Line Items]
Total	158,326	157,630
Real Estate Loans | Land and Construction | Financial Asset, Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Total	$ 158,326	$ 157,630

LOANS - Summary of Nonaccrual L

LOANS - Summary of Nonaccrual Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual with Allowance for Credit Losses	$ 1,584	$ 2,016
Nonaccrual with No Allowance for Credit Losses	8,042	8,315
Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual with Allowance for Credit Losses	1,584	2,016
Nonaccrual with No Allowance for Credit Losses	1,837	1,212
Consumer Loans
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual with No Allowance for Credit Losses	10
Real Estate Loans | Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual with No Allowance for Credit Losses	3,373	2,556
Real Estate Loans | Commercial real estate
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual with No Allowance for Credit Losses	$ 2,822	$ 4,547

LOANS - Summary of Loan Modific

LOANS - Summary of Loan Modifications (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($) item
Financing Receivable Modifications [Line Items]
Amortized Cost Basis	$ 2,289
Loans Defaulted | item	2
30 to 89 Days Past Due
Financing Receivable Modifications [Line Items]
Amortized Cost Basis	$ 2,289
Payment Deferral
Financing Receivable Modifications [Line Items]
Amortized Cost Basis	$ 1,339
Loans Defaulted | item	1
Payment Deferral And Extended Maturity
Financing Receivable Modifications [Line Items]
Amortized Cost Basis	$ 950
Loans Defaulted | item	1
Commercial and Industrial Loans | Real Estate Loans
Financing Receivable Modifications [Line Items]
Amortized Cost Basis	$ 2,289
Total Class of Loans	0.07%
Loans Defaulted | item	2
Commercial and Industrial Loans | Real Estate Loans | 30 to 89 Days Past Due
Financing Receivable Modifications [Line Items]
Amortized Cost Basis	$ 2,289
Commercial and Industrial Loans | Real Estate Loans | Payment Deferral
Financing Receivable Modifications [Line Items]
Amortized Cost Basis	$ 1,339
Total Class of Loans	0.04%
Loans Defaulted | item	1
Payment Deferral Term	4 months
Commercial and Industrial Loans | Real Estate Loans | Payment Deferral And Extended Maturity
Financing Receivable Modifications [Line Items]
Amortized Cost Basis	$ 950
Total Class of Loans	0.03%
Loans Defaulted | item	1
Payment Deferral Term	4 months
Extended Term	4 months

LOANS - Composition of TDRs by

LOANS - Composition of TDRs by Accrual and Nonaccrual Status (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Accounts Notes And Loans Receivable [Line Items]
Troubled Debt Restructurings, Nonaccrual	$ 9,626	$ 10,331
Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Troubled Debt Restructurings, Nonaccrual	$ 3,421	3,228
Principal Reduction And Extended Maturity
Accounts Notes And Loans Receivable [Line Items]
Troubled Debt Restructurings, Accrual		1,095
Troubled Debt Restructurings, Nonaccrual		2,478
Troubled Debt Restructurings, Total		3,573
Principal Reduction And Extended Maturity | Commercial real estate
Accounts Notes And Loans Receivable [Line Items]
Troubled Debt Restructurings, Accrual		929
Troubled Debt Restructurings, Nonaccrual		1,066
Troubled Debt Restructurings, Total		1,995
Principal Reduction And Extended Maturity | Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Troubled Debt Restructurings, Accrual		166
Troubled Debt Restructurings, Nonaccrual		1,412
Troubled Debt Restructurings, Total		$ 1,578

ALLOWANCE FOR CREDIT LOSSES - B

ALLOWANCE FOR CREDIT LOSSES - Bank's Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Financing Receivable Allowance For Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	$ 31,095	$ 33,731	$ 33,776	$ 33,776
Provision for (Reduction of) Credit Losses	863	(76)		239
Charge-offs	(1,087)	(3,090)	(145)	(720)
Recoveries	614	920		436
Financing Receivable, Allowance for Credit Loss, Ending Balance	31,485	31,485		33,731
Residential Properties
Financing Receivable Allowance For Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	8,263	8,306	2,637	2,637
Provision for (Reduction of) Credit Losses	(29)	(72)		5,674
Charge-offs				(5)
Financing Receivable, Allowance for Credit Loss, Ending Balance	8,234	8,234		8,306
Commercial real estate
Financing Receivable Allowance For Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	5,733	8,714	17,049	17,049
Provision for (Reduction of) Credit Losses	(480)	(3,212)		(8,335)
Charge-offs		(249)
Financing Receivable, Allowance for Credit Loss, Ending Balance	5,253	5,253		8,714
Land and Construction
Financing Receivable Allowance For Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	316	164	1,995	1,995
Provision for (Reduction of) Credit Losses	(29)	123		(1,831)
Financing Receivable, Allowance for Credit Loss, Ending Balance	287	287		164
Commercial and Industrial Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	16,760	16,521	11,992	11,992
Provision for (Reduction of) Credit Losses	1,404	3,089		4,804
Charge-offs	(1,087)	(2,839)		(711)
Recoveries	613	919		436
Financing Receivable, Allowance for Credit Loss, Ending Balance	17,690	17,690		16,521
Consumer Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	23	26	$ 103	103
Provision for (Reduction of) Credit Losses	(3)	(4)		(73)
Charge-offs		(2)		(4)
Recoveries	1	1
Financing Receivable, Allowance for Credit Loss, Ending Balance	$ 21	$ 21		$ 26

ALLOWANCE FOR CREDIT LOSSES -_2

ALLOWANCE FOR CREDIT LOSSES - Balance in Allowance for Credit Losses and Recorded Investment in Loans by Impairment (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable Allowance For Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Evaluated for Impairment, Individually	$ 2,023	$ 5,043
Financing Receivable, Allowance for Credit Losses, Evaluated for Impairment, Collectively	29,462	28,688
Total Allowance for Credit Losses	31,485	33,731
Loans, Individually Evaluated for Impairment	29,280	47,154
Loans, Collectively Evaluated for Impairment	10,555,921	10,679,039
Total	10,585,201	10,726,193
Residential Properties
Financing Receivable Allowance For Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Evaluated for Impairment, Individually	87	87
Financing Receivable, Allowance for Credit Losses, Evaluated for Impairment, Collectively	8,147	8,219
Total Allowance for Credit Losses	8,234	8,306
Loans, Individually Evaluated for Impairment	4,027	3,479
Loans, Collectively Evaluated for Impairment	6,265,212	6,373,745
Total	6,269,239	6,377,224
Commercial real estate
Financing Receivable Allowance For Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Evaluated for Impairment, Individually	1,003	1,834
Financing Receivable, Allowance for Credit Losses, Evaluated for Impairment, Collectively	4,250	6,880
Total Allowance for Credit Losses	5,253	8,714
Loans, Individually Evaluated for Impairment	20,848	34,278
Loans, Collectively Evaluated for Impairment	1,048,805	1,167,785
Total	1,069,653	1,202,063
Land and Construction
Financing Receivable Allowance For Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Evaluated for Impairment, Collectively	287	164
Total Allowance for Credit Losses	287	164
Loans, Collectively Evaluated for Impairment	158,326	157,630
Total	158,326	157,630
Commercial and Industrial Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Evaluated for Impairment, Individually	933	3,122
Financing Receivable, Allowance for Credit Losses, Evaluated for Impairment, Collectively	16,757	13,399
Total Allowance for Credit Losses	17,690	16,521
Loans, Individually Evaluated for Impairment	4,405	9,397
Loans, Collectively Evaluated for Impairment	3,079,945	2,975,361
Total	3,084,350	2,984,758
Consumer Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Evaluated for Impairment, Collectively	21	26
Total Allowance for Credit Losses	21	26
Loans, Collectively Evaluated for Impairment	3,633	4,518
Total	$ 3,633	$ 4,518

ALLOWANCE FOR CREDIT LOSSES - R

ALLOWANCE FOR CREDIT LOSSES - Risk Category of Loans Based on Year of Origination (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	$ 203,103	$ 4,120,524
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	4,050,167	2,444,776
Financing Receivable Originated Two Years Before Latest Fiscal Year	2,331,282	1,272,071
Financing Receivable Originated Three Years Before Latest Fiscal Year	1,192,047	524,695
Financing Receivable Originated Four Years Before Latest Fiscal Year	472,119	409,795
Prior	1,011,663	733,966
Revolving Loans	1,324,820	1,220,366
Total	10,585,201	10,726,193
Financing Receivable Recorded Investment
Gross charge-offs Originated In Fiscal Year Before Latest Fiscal Year	668
Gross charge-offs Originated Two Years Before Latest Fiscal Year	599
Gross charge-offs Originated Three Years Before Latest Fiscal Year	473
Gross charge-offs Originated Four Years Before Latest Fiscal Year	54
Gross charge-offs Prior	249
Gross charge-offs Revolving Loans	1,047
Gross charge-offs Total loans	3,090
Pass
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	203,103	4,114,605
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	4,044,337	2,416,053
Financing Receivable Originated Two Years Before Latest Fiscal Year	2,306,806	1,265,652
Financing Receivable Originated Three Years Before Latest Fiscal Year	1,183,936	499,087
Financing Receivable Originated Four Years Before Latest Fiscal Year	453,390	388,294
Prior	974,051	706,912
Revolving Loans	1,307,577	1,204,870
Total	10,473,200	10,595,473
Special mention
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year		13,967
Financing Receivable Originated Two Years Before Latest Fiscal Year	19,909	3,552
Financing Receivable Originated Three Years Before Latest Fiscal Year	6,883	13,137
Financing Receivable Originated Four Years Before Latest Fiscal Year	5,754	21,501
Prior	21,208	9,450
Revolving Loans	9,972	5,598
Total	63,726	67,205
Substandard
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year		5,919
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	5,830	14,756
Financing Receivable Originated Two Years Before Latest Fiscal Year	4,567	2,867
Financing Receivable Originated Three Years Before Latest Fiscal Year	1,228	12,471
Financing Receivable Originated Four Years Before Latest Fiscal Year	12,975
Prior	16,404	17,604
Revolving Loans	7,271	9,898
Total	48,275	63,515
Residential Properties
Financing Receivable Recorded Investment [Line Items]
Total	6,269,239	6,377,224
Multifamily
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	24,008	2,399,360
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	2,357,458	1,552,311
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,545,636	795,263
Financing Receivable Originated Three Years Before Latest Fiscal Year	788,414	306,691
Financing Receivable Originated Four Years Before Latest Fiscal Year	300,498	155,442
Prior	266,703	148,167
Total	5,282,717	5,357,234
Multifamily | Pass
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	24,008	2,399,360
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	2,357,458	1,552,311
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,545,636	795,263
Financing Receivable Originated Three Years Before Latest Fiscal Year	788,414	301,025
Financing Receivable Originated Four Years Before Latest Fiscal Year	294,891	145,675
Prior	257,039	146,622
Total	5,267,446	5,340,256
Multifamily | Special mention
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated Three Years Before Latest Fiscal Year		5,666
Financing Receivable Originated Four Years Before Latest Fiscal Year	5,607	9,767
Prior	9,664	1,545
Total	15,271	16,978
Single family
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	13,693	270,589
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	263,133	276,244
Financing Receivable Originated Two Years Before Latest Fiscal Year	269,604	96,183
Financing Receivable Originated Three Years Before Latest Fiscal Year	93,136	40,010
Financing Receivable Originated Four Years Before Latest Fiscal Year	39,094	49,676
Prior	246,882	218,643
Revolving Loans	60,980	68,645
Total	986,522	1,019,990
Single family | Pass
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	13,693	270,589
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	263,133	276,244
Financing Receivable Originated Two Years Before Latest Fiscal Year	269,604	96,183
Financing Receivable Originated Three Years Before Latest Fiscal Year	93,136	40,010
Financing Receivable Originated Four Years Before Latest Fiscal Year	39,094	49,676
Prior	242,640	215,209
Revolving Loans	60,684	68,575
Total	981,984	1,016,486
Single family | Special mention
Financing Receivable Recorded Investment [Line Items]
Revolving Loans		25
Total		25
Single family | Substandard
Financing Receivable Recorded Investment [Line Items]
Prior	4,242	3,434
Revolving Loans	296	45
Total	4,538	3,479
Commercial real estate
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	17,184	229,422
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	226,092	186,164
Financing Receivable Originated Two Years Before Latest Fiscal Year	151,541	147,187
Financing Receivable Originated Three Years Before Latest Fiscal Year	119,251	111,709
Financing Receivable Originated Four Years Before Latest Fiscal Year	94,950	183,194
Prior	460,635	344,387
Total	1,069,653	1,202,063
Financing Receivable Recorded Investment
Gross charge-offs Prior	249
Gross charge-offs Total loans	249
Commercial real estate | Pass
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	17,184	223,503
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	220,262	158,363
Financing Receivable Originated Two Years Before Latest Fiscal Year	148,045	144,105
Financing Receivable Originated Three Years Before Latest Fiscal Year	116,290	93,960
Financing Receivable Originated Four Years Before Latest Fiscal Year	83,375	171,460
Prior	437,850	325,048
Total	1,023,006	1,116,439
Commercial real estate | Special mention
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year		13,425
Financing Receivable Originated Two Years Before Latest Fiscal Year		2,340
Financing Receivable Originated Three Years Before Latest Fiscal Year	2,308	7,088
Financing Receivable Originated Four Years Before Latest Fiscal Year		11,734
Prior	11,544	7,905
Total	13,852	42,492
Commercial real estate | Substandard
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year		5,919
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	5,830	14,376
Financing Receivable Originated Two Years Before Latest Fiscal Year	3,496	742
Financing Receivable Originated Three Years Before Latest Fiscal Year	653	10,661
Financing Receivable Originated Four Years Before Latest Fiscal Year	11,575
Prior	11,241	11,434
Total	32,795	43,132
Land and Construction
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	11,425	43,846
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	39,551	58,268
Financing Receivable Originated Two Years Before Latest Fiscal Year	55,505	47,212
Financing Receivable Originated Three Years Before Latest Fiscal Year	43,832	854
Financing Receivable Originated Four Years Before Latest Fiscal Year	829	5,044
Prior	7,184	2,406
Total	158,326	157,630
Land and Construction | Pass
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	11,425	43,846
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	39,551	58,268
Financing Receivable Originated Two Years Before Latest Fiscal Year	55,505	47,212
Financing Receivable Originated Three Years Before Latest Fiscal Year	43,832	854
Financing Receivable Originated Four Years Before Latest Fiscal Year	829	5,044
Prior	7,184	2,406
Total	158,326	157,630
Commercial and Industrial Loans
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	136,783	1,176,851
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	1,163,930	370,697
Financing Receivable Originated Two Years Before Latest Fiscal Year	307,973	186,226
Financing Receivable Originated Three Years Before Latest Fiscal Year	147,414	64,960
Financing Receivable Originated Four Years Before Latest Fiscal Year	36,439	16,306
Prior	30,113	20,294
Revolving Loans	1,261,698	1,149,424
Total	3,084,350	2,984,758
Financing Receivable Recorded Investment
Gross charge-offs Originated In Fiscal Year Before Latest Fiscal Year	668
Gross charge-offs Originated Two Years Before Latest Fiscal Year	599
Gross charge-offs Originated Three Years Before Latest Fiscal Year	473
Gross charge-offs Originated Four Years Before Latest Fiscal Year	54
Gross charge-offs Revolving Loans	1,045
Gross charge-offs Total loans	2,839
Commercial and Industrial Loans | Pass
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	136,783	1,176,851
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	1,163,930	369,775
Financing Receivable Originated Two Years Before Latest Fiscal Year	286,993	182,889
Financing Receivable Originated Three Years Before Latest Fiscal Year	142,264	62,767
Financing Receivable Originated Four Years Before Latest Fiscal Year	34,892	16,306
Prior	29,192	17,558
Revolving Loans	1,244,751	1,133,998
Total	3,038,805	2,960,144
Commercial and Industrial Loans | Special mention
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year		542
Financing Receivable Originated Two Years Before Latest Fiscal Year	19,909	1,212
Financing Receivable Originated Three Years Before Latest Fiscal Year	4,575	383
Financing Receivable Originated Four Years Before Latest Fiscal Year	147
Revolving Loans	9,972	5,573
Total	34,603	7,710
Commercial and Industrial Loans | Substandard
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year		380
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,071	2,125
Financing Receivable Originated Three Years Before Latest Fiscal Year	575	1,810
Financing Receivable Originated Four Years Before Latest Fiscal Year	1,400
Prior	921	2,736
Revolving Loans	6,975	9,853
Total	10,942	16,904
Consumer Loans
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	10	456
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	3	1,092
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,023
Financing Receivable Originated Three Years Before Latest Fiscal Year		471
Financing Receivable Originated Four Years Before Latest Fiscal Year	309	133
Prior	146	69
Revolving Loans	2,142	2,297
Total	3,633	4,518
Financing Receivable Recorded Investment
Gross charge-offs Revolving Loans	2
Gross charge-offs Total loans	2
Consumer Loans | Pass
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	10	456
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	3	1,092
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,023
Financing Receivable Originated Three Years Before Latest Fiscal Year		471
Financing Receivable Originated Four Years Before Latest Fiscal Year	309	133
Prior	146	69
Revolving Loans	2,142	2,297
Total	$ 3,633	$ 4,518

ALLOWANCE FOR CREDIT LOSSES - A

ALLOWANCE FOR CREDIT LOSSES - Amortized Cost Basis of Collateral Dependent Loans Individually Evaluated to Determine Credit Losses and Related ACL Allocated to Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable Allowance For Credit Losses [Line Items]
Total Allowance for Credit Losses	$ 31,485	$ 31,095	$ 33,731	$ 33,776
Residential Properties
Financing Receivable Allowance For Credit Losses [Line Items]
Total Allowance for Credit Losses	8,234	8,263	8,306	2,637
Commercial real estate
Financing Receivable Allowance For Credit Losses [Line Items]
Total Allowance for Credit Losses	5,253	5,733	8,714	17,049
Land and Construction
Financing Receivable Allowance For Credit Losses [Line Items]
Total Allowance for Credit Losses	287	316	164	1,995
Commercial and Industrial Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Total Allowance for Credit Losses	17,690	16,760	16,521	11,992
Consumer Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Total Allowance for Credit Losses	21	$ 23	26	$ 103
Collateral Dependent Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	5,233		6,494
Total Allowance for Credit Losses			630
Collateral Dependent Loans | Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	4,983		5,606
Collateral Dependent Loans | Cash
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	250		250
Collateral Dependent Loans | Equipment/Receivables
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost			638
Collateral Dependent Loans | Single family
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	2,395		2,435
Collateral Dependent Loans | Single family | Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	2,395		2,435
Collateral Dependent Loans | Commercial real estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	2,588		3,171
Collateral Dependent Loans | Commercial real estate | Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	2,588		3,171
Collateral Dependent Loans | Commercial and Industrial Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	250		888
Total Allowance for Credit Losses			630
Collateral Dependent Loans | Commercial and Industrial Loans | Cash
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	$ 250		250
Collateral Dependent Loans | Commercial and Industrial Loans | Equipment/Receivables
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost			$ 638

GOODWILL AND INTANGIBLES (Detai

GOODWILL AND INTANGIBLES (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
GOODWILL AND INTANGIBLES
Goodwill impairment	$ 215,252	$ 215,252
Core Deposit
GOODWILL AND INTANGIBLES
Core deposit intangible assets	$ 5,700	5,700		$ 6,600
Core deposit intangible amortization expense		$ 900	$ 1,000
Minimum
GOODWILL AND INTANGIBLES
Estimated useful lives of other intangible assets	7 years	7 years
Maximum
GOODWILL AND INTANGIBLES
Estimated useful lives of other intangible assets	10 years	10 years

LOAN SALES AND MORTGAGE SERVI_2

LOAN SALES AND MORTGAGE SERVICING RIGHTS (Details) - First Foundation Bank - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Loan Sales And Mortgage Servicing Rights [Line Items]
Mortgage servicing rights	$ 5.7		$ 5.9
Loans serviced for other financial institution	1,000		1,100
Valuation allowance of mortgage servicing rights	0.5		$ 1.4
Servicing fees earned on loans	$ 1.2	$ 1.6
Contractually Specified Servicing Fee Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Noninterest Income Other Operating Income	Noninterest Income Other Operating Income

DEPOSITS - Summary of Outstandi

DEPOSITS - Summary of Outstanding Balance of Deposits and Average Rates (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
DEPOSITS
Demand deposits, Noninterest-bearing	$ 2,660,249	$ 2,736,691
Demand deposits, Interest-bearing	2,280,932	2,568,850
Money market and savings	3,096,365	3,178,230
Certificates of deposit	2,769,440	1,878,841
Total	$ 10,806,986	$ 10,362,612
Demand deposits, Interest-bearing, Weighted Average Rate	3.668%	3.109%
Money market and savings, Weighted Average Rate	3.51%	2.373%
Certificates of deposit, Weighted Average Rate	4.473%	3.741%
Total, Weighted Average Rate	2.926%	2.177%

DEPOSITS - Additional Informati

DEPOSITS - Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
DEPOSITS
Certificates of deposits of $250,000 or more, maturities within one year	$ 446	$ 409
Certificates of deposits of $250,000 or more, maturities after one year	12	27
Certificates of deposits of $250,000 or more, total	458	436
Certificates of deposit of less than $ 250,000, maturities within one year	1,500	1,100
Certificates of deposit of less than $ 250,000, maturities after one year	767	345
Certificates of deposit of less than $250,000, total	$ 2,300	$ 1,400

BORROWINGS (Details)

BORROWINGS (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($) Institution	Dec. 31, 2022 USD ($) Institution	Dec. 31, 2017 USD ($)
Debt Instrument [Line Items]
Subordinated notes	$ 174,000
Federal funds purchased		$ 200,000
Long-term line of credit	0	0
Borrowing in term FHLB	100,000
Federal Home Loan Bank, maximum borrowing capacity	2,300,000
FHLB advances	610,000	$ 805,000
Federal Home Loan Bank, additional credit available	315,000
Unsecured debt	$ 145,400
Number of financial institutions | Institution	4	5
Financial institutions with outstanding borrowings | Institution		1
Securities pledged as collateral	$ 59,600	$ 186,300
Weighted average rate	8.30%	8%
Notes Receivable Gross	$ 10,585,201	$ 10,726,193
FHLB Advances Maturing on June 28, 2028
Debt Instrument [Line Items]
FHLB advances	$ 100,000
Interest rate (as a percent)	4.21%
Minimum
Debt Instrument [Line Items]
Unsecured debt	$ 400
Maximum
Debt Instrument [Line Items]
Unsecured debt	100,000
Revolving Credit Facility
Debt Instrument [Line Items]
Long-term line of credit	20,000	20,000
Line of credit, borrowing capacity			$ 20,000
Revolving Credit Facility | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt instrument basis point rate			0.50%
Asset pledged as collateral
Debt Instrument [Line Items]
Notes Receivable Gross	5,600,000
Subordinated Notes Due 2030
Debt Instrument [Line Items]
Subordinated notes	$ 24,000
Line of credit facility, Interest rate	6%
Secured debt	$ 72,000	171,000
Subordinated Notes Due 2030 | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt instrument basis point rate	5.90%
Subordinated Notes Due 2032
Debt Instrument [Line Items]
Subordinated notes	$ 150,000
Interest rate (as a percent)	3.50%
Subordinated Notes Due 2032 | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt instrument basis point rate	2.04%
Overnight FHLB Advance
Debt Instrument [Line Items]
Interest rate (as a percent)	5.35%
Unsecured federal funds
Debt Instrument [Line Items]
Unsecured debt	$ 0	100,000
Additional Unsecured Debt		100,000
Federal reserve bank of San Francisco
Debt Instrument [Line Items]
Remaining borrowing capacity	900,600
FFI
Debt Instrument [Line Items]
Long-term line of credit	20,000	20,000
FFI | Subordinated Notes Due 2030
Debt Instrument [Line Items]
Subordinated notes	$ 174,000	$ 174,000

EARNINGS PER SHARE - Computatio

EARNINGS PER SHARE - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
EARNINGS PER SHARE
Net (loss) income, Basic	$ (212,288)	$ 33,316	$ (203,792)	$ 64,152
Basic common shares outstanding	56,430,813	56,471,470	56,403,891	56,468,678
Net (loss) income per share, Basic	$ (3.76)	$ 0.59	$ (3.61)	$ 1.14
Net (loss) income, Diluted	$ (212,288)	$ 33,316	$ (203,792)	$ 64,152
Effect of options, restricted stock and contingent shares issuable		48,199		74,814
Diluted common shares outstanding	56,430,813	56,519,669	56,403,891	56,543,492
Net (loss) income per share, Diluted	$ (3.76)	$ 0.59	$ (3.61)	$ 1.13

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - segment	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
SEGMENT REPORTING
Reportable business segments	2	2	2	2

SEGMENT REPORTING - Key Operati

SEGMENT REPORTING - Key Operating Results of Business Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Interest income	$ 145,328	$ 89,971	$ 282,328	$ 169,115
Interest expense	96,344	8,166	174,589	12,816
Net interest income	48,984	81,805	107,739	156,299
Provision (reversal) for credit losses	887	173	1,304	(619)
Noninterest income	12,079	13,400	23,777	28,827
Noninterest expense	272,764	48,805	332,104	96,423
Goodwill impairment	215,252		215,252
Operating	57,512		116,852
(Loss) income before income taxes	(212,588)	46,227	(201,892)	89,322
Income tax expense (benefit)	(300)	12,911	1,900	25,170
Net Income (Loss)	(212,288)	33,316	(203,792)	64,152
Operating Segments | Banking
Segment Reporting Information [Line Items]
Interest income	145,328	89,971	282,328	169,115
Interest expense	94,539	6,476	170,988	9,889
Net interest income	50,789	83,495	111,340	159,226
Provision (reversal) for credit losses	887	173	1,304	(619)
Noninterest income	5,067	5,857	9,868	13,388
Noninterest expense		42,032		82,133
Goodwill impairment	215,252		215,252
Operating	50,700		102,345
(Loss) income before income taxes	(210,983)	47,147	(197,693)	91,100
Income tax expense (benefit)	134	12,893	3,081	25,608
Net Income (Loss)	(211,117)	34,254	(200,774)	65,492
Operating Segments | Wealth Management
Segment Reporting Information [Line Items]
Noninterest income	7,415	7,980	14,706	16,325
Noninterest expense		6,189		12,833
Operating	5,617		11,682
(Loss) income before income taxes	1,798	1,791	3,024	3,492
Income tax expense (benefit)	529	529	893	1,022
Net Income (Loss)	1,269	1,262	2,131	2,470
Other.
Segment Reporting Information [Line Items]
Interest expense	1,805	1,690	3,601	2,927
Net interest income	(1,805)	(1,690)	(3,601)	(2,927)
Noninterest income	(403)	(437)	(797)	(886)
Noninterest expense		584		1,457
Operating	1,195		2,825
(Loss) income before income taxes	(3,403)	(2,711)	(7,223)	(5,270)
Income tax expense (benefit)	(963)	(511)	(2,074)	(1,460)
Net Income (Loss)	$ (2,440)	$ (2,200)	$ (5,149)	$ (3,810)

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event	Jul. 27, 2023 $ / shares
Subsequent Event [Line Items]
Dividends payable, date declared	Jul. 27, 2023
Dividends payable, amount per share	$ 0.02
Dividends payable, date to be paid	Aug. 17, 2023
Dividends payable, date of record	Aug. 07, 2023

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (212,288)	$ 33,316	$ (203,792)	$ 64,152

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false