First Foundation (FFWM) 10-Q 8 Nov 23 2023 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Nov. 02, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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	NYSE
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	Q3
Entity Central Index Key	0001413837

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 818,501	$ 656,494
Securities available-for-sale ("AFS")	830,191	237,597
Securities held-to-maturity ("HTM")	800,742	862,544
Allowance for credit losses - investments	(8,490)	(11,439)
Net securities	1,622,443	1,088,702
Loans held for investment	10,283,353	10,726,193
Allowance for credit losses - loans	(29,195)	(33,731)
Net loans	10,254,158	10,692,462
Accrued interest receivable	51,303	51,359
Investment in FHLB stock	24,610	25,358
Deferred taxes	32,790	24,198
Premises and equipment, net	39,203	36,141
Real estate owned ("REO")	6,210	6,210
Goodwill		215,252
Core deposit intangibles	5,337	6,583
Other assets	197,009	211,420
Total Assets	13,051,564	13,014,179
Liabilities:
Deposits	10,812,194	10,362,612
Borrowings	984,289	1,196,601
Subordinated debt	173,382	173,335
Accounts payable and other liabilities	162,492	147,253
Total Liabilities	12,132,357	11,879,801
Shareholders' Equity
Common Stock	56	56
Additional paid-in-capital	720,356	719,606
Retained earnings	216,591	426,659
Accumulated other comprehensive loss	(17,796)	(11,943)
Total Shareholders' Equity	919,207	1,134,378
Total Liabilities and Shareholders' Equity	$ 13,051,564	$ 13,014,179

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS - UNAUDITED - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Interest income:
Loans	$ 124,363	$ 100,978	$ 368,477	$ 255,037
Securities	10,600	6,752	24,263	19,733
FHLB Stock, fed funds sold and interest-bearing deposits	9,802	1,016	34,353	3,091
Total interest income	144,765	108,746	427,093	277,861
Interest expense:
Deposits	84,814	15,595	219,886	25,293
Borrowings	6,158	3,686	42,280	3,881
Subordinated debt	1,720	1,793	5,115	4,716
Total interest expense	92,692	21,074	267,281	33,890
Net interest income	52,073	87,672	159,812	243,971
Provision (reversal) for credit losses	(2,015)	(22)	(711)	(641)
Net interest income after provision for credit losses	54,088	87,694	160,523	244,612
Noninterest income:
Asset management, consulting and other fees	$ 8,812	$ 8,975	$ 26,624	$ 29,065
Type of Revenue [Extensible List]	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember
Other income	$ 2,886	$ 3,209	$ 8,851	$ 11,946
Total noninterest income	11,698	12,184	35,475	41,011
Noninterest expense:
Compensation and benefits	19,632	29,531	65,944	86,986
Occupancy and depreciation	9,253	9,594	27,331	26,975
Professional services and marketing costs	3,748	3,039	11,685	9,486
Customer service costs	24,683	13,560	60,402	19,959
Goodwill impairment			215,252
Other expenses	6,890	4,618	15,696	13,359
Total noninterest expense	64,206	60,342	396,310	156,765
Income (loss) before income taxes	1,580	39,536	(200,312)	128,858
Income tax (benefit) expense	(600)	10,530	1,300	35,700
Net income (loss)	$ 2,180	$ 29,006	$ (201,612)	$ 93,158
Net income (loss) per share:
Basic (in dollars per share)	$ 0.04	$ 0.51	$ (3.57)	$ 1.65
Diluted (in dollars per share)	$ 0.04	$ 0.51	$ (3.57)	$ 1.65
Shares used in computation:
Basic (in shares)	56,443,539	56,387,451	56,417,252	56,441,305
Diluted (in shares)	56,449,720	56,447,901	56,417,252	56,510,883

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - UNAUDITED - 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)			93,158		93,158
Other comprehensive income (loss)				(15,828)	(15,828)
Stock based compensation		2,770			2,770
Cash dividend			(18,627)		(18,627)
Exercise of options		18			18
Exercise of options (in shares)	2,000
Stock grants - vesting of restricted stock units (in shares)	134,374
Repurchase of shares from restricted shares vesting		(1,120)			(1,120)
Repurchase of shares from restricted shares vesting (in shares)	(43,190)
Stock repurchase		(2,457)			(2,457)
Stock repurchase (in shares)	(137,583)
Ending balance at Sep. 30, 2022	$ 56	719,955	415,507	(13,553)	1,121,965
Ending balance (in shares) at Sep. 30, 2022	56,387,671
Beginning balance at Jun. 30, 2022	$ 56	719,222	392,704	(9,073)	1,102,909
Beginning balance (in shares) at Jun. 30, 2022	56,386,914
Net Income (Loss)			29,006		29,006
Other comprehensive income (loss)				(4,480)	(4,480)
Stock based compensation		733			733
Cash dividend			(6,203)		(6,203)
Stock grants - vesting of restricted stock units (in shares)	1,000
Repurchase of shares from restricted shares vesting (in shares)	(243)
Ending balance at Sep. 30, 2022	$ 56	719,955	415,507	(13,553)	1,121,965
Ending balance (in shares) at Sep. 30, 2022	56,387,671
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)			(201,612)		(201,612)
Other comprehensive income (loss)				(5,853)	(5,853)
Stock based compensation		1,129			1,129
Cash dividend			(8,456)		(8,456)
Exercise of options		157			157
Exercise of options (in shares)	19,500
Stock grants - vesting of restricted stock units (in shares)	134,386
Repurchase of shares from restricted shares vesting		(536)			(536)
Repurchase of shares from restricted shares vesting (in shares)	(35,354)
Ending balance at Sep. 30, 2023	$ 56	720,356	216,591	(17,796)	919,207
Ending balance (in shares) at Sep. 30, 2023	56,443,774
Beginning balance at Jun. 30, 2023	$ 56	719,779	215,540	(19,841)	915,534
Beginning balance (in shares) at Jun. 30, 2023	56,443,070
Net Income (Loss)			2,180		2,180
Other comprehensive income (loss)				2,045	2,045
Stock based compensation		577			577
Cash dividend			(1,129)		(1,129)
Stock grants - vesting of restricted stock units (in shares)	1,000
Repurchase of shares from restricted shares vesting (in shares)	(296)
Ending balance at Sep. 30, 2023	$ 56	$ 720,356	$ 216,591	$ (17,796)	$ 919,207
Ending balance (in shares) at Sep. 30, 2023	56,443,774

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - UNAUDITED - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - UNAUDITED
Net income (loss)	$ 2,180	$ 29,006	$ (201,612)	$ 93,158
Other comprehensive income (loss):
Unrealized holding gains (losses) on securities arising during the period	2,846	(6,257)	(11,086)	(7,812)
Credit loss expense	(85)	293	1,392	1,120
Other comprehensive income (loss) before tax	2,761	(5,964)	(9,694)	(6,692)
Income tax (expense) benefit related to items of other comprehensive income (loss)	(716)	1,484	3,841	(9,136)
Other comprehensive income (loss)	2,045	(4,480)	(5,853)	(15,828)
Total comprehensive income (loss)	$ 4,225	$ 24,526	$ (207,465)	$ 77,330

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($) $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Cash Flows from Operating Activities:
Net (loss) income		$ (201,612)	$ 93,158
Adjustments to reconcile net income to net cash provided by operating activities:
Goodwill impairment		215,252
Provision for credit losses - loans		(1,733)	(1,761)
Provision for credit losses - securities AFS	$ (45)	1,022	1,120	$ 1,040
Stock-based compensation expense		1,129	2,770
Depreciation and amortization		3,240	3,056
Deferred tax (benefit) expense		(5,756)	944
Amortization of (discount) premium on securities		(2,783)	2,392
Amortization of core deposit intangible		1,246	1,458
Amortization of mortgage servicing rights - net		1,667	1,566
Amortization of OCI - securities transfer to HTM		1,005	(851)
Valuation allowance on mortgage servicing rights - net		(1,441)	(747)
Decrease (increase) in accrued interest receivable and other assets		15,262	(32,636)
Increase in accounts payable and other liabilities		13,955	29,772
Net cash provided by operating activities		40,453	100,241
Cash Flows from Investing Activities:
Net decrease (increase) in loans		438,567	(2,947,628)
Purchase of premises and equipment		(6,303)	(4,007)
Disposals of premises and equipment			3,388
Recovery of allowance for credit losses		1,735	355
Purchases of securities AFS		(617,506)	(398)
Purchases of securities HTM			(171,852)
Maturities of securities AFS		13,668	24,775
Maturities of securities HTM		62,164	202,899
Net decrease (increase) in FHLB stock		748	(12,954)
Proceeds from BOLI policy			326
Net cash used in investing activities		(106,927)	(2,905,096)
Cash Flows from Financing Activities:
Increase in deposits		449,582	737,896
Net (decrease) increase in FHLB & other advances		(105,000)	1,144,000
Net decrease in line of credit		(8,000)	(18,500)
Net increase in subordinated debt		47	147,623
Net (decrease) increase in repurchase agreements		(99,313)	13,206
Gain on sale leaseback			(1,123)
Dividends paid		(8,456)	(18,627)
Proceeds from exercise of stock options		157	18
Repurchase of stock		(536)	(3,577)
Net cash provided by financing activities		228,481	2,000,916
Increase (decrease) in cash and cash equivalents		162,007	(803,939)
Cash and cash equivalents at beginning of year		656,494	1,121,757	1,121,757
Cash and cash equivalents at end of period	818,501	818,501	317,818	656,494
Supplemental disclosures of cash flow information:
Income taxes			31,016
Interest		223,654	32,078
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	21,649
Chargeoffs against allowance for credit losses - loans	$ 1,183	4,273	$ 372	$ 720
Chargeoffs against allowance for credit losses - securities		$ 3,971

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 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 September 30, 2023 and December 31, 2022, and for the nine months ended September 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 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-02, Investments – Equity Method and Joint Ventures (Topic 323), Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method (a consensus of the Emerging Issues Task Force) for their tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method, which was previously allowed only for low-income housing tax credit (“LIHTC”) investments, if certain conditions are met. The proportional amortization method recognizes the amortization of the cost of the investment as a component of income tax expense. The provisions of this update are effective for interim and annual periods beginning after December 15, 2023. Early adoption is permitted. Currently, the Company’s holdings of tax credit program investments are limited to LIHTC investments, for which it already uses the proportional amortization method. Therefore, ASU 2023-02 is not expected to have a material impact on the Company’s consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, “ Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting”

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 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 September 30, 2023: ​ ​ ​ ​ Investment securities available for sale: ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 7,541 ​ $ — ​ $ 7,541 ​ $ — Agency mortgage-backed securities ​ 232,848 ​ — ​ 232,848 ​ — Municipal bonds ​ 44,152 ​ — ​ 44,152 ​ — SBA securities ​ ​ 14,696 ​ ​ — ​ ​ 14,696 ​ ​ — Beneficial interests in FHLMC securitization ​ ​ 7,351 ​ ​ — ​ ​ — ​ ​ 7,351 Corporate bonds ​ 121,462 ​ — ​ 121,462 ​ — U.S. Treasury ​ ​ 393,651 ​ ​ 393,651 ​ ​ — ​ ​ — Investment in equity securities ​ 9,774 ​ — ​ — ​ 9,774 Total assets at fair value on a recurring basis ​ $ 831,475 ​ $ 393,651 ​ $ 420,699 ​ $ 17,125 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 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 $1.0 million and $0.6 million at September 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 certain 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 Accrued Interest Receivable. Deposits Borrowings Subordinated debt. Accrued Interest Payable. 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 September 30, 2023: ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 818,501 ​ $ 818,501 ​ $ — ​ $ — ​ $ 818,501 Securities AFS, net ​ 821,701 ​ 393,651 ​ 420,699 ​ 7,351 ​ 821,701 Securities HTM ​ ​ 800,742 ​ ​ — ​ ​ 694,496 ​ ​ — ​ ​ 694,496 Loans, net ​ 10,254,158 ​ — ​ — ​ 9,818,852 ​ 9,818,852 Investment in FHLB stock ​ 24,610 ​ — ​ 24,610 ​ — ​ 24,610 Investment in equity securities ​ 9,774 ​ — ​ — ​ 9,774 ​ 9,774 Accrued interest receivable ​ ​ 51,303 ​ ​ 51,303 ​ ​ — ​ ​ — ​ ​ 51,303 Liabilities: ​ ​ ​ ​ ​ Deposits ​ $ 10,812,194 ​ $ 7,833,509 ​ $ 2,949,392 ​ $ — ​ $ 10,782,901 Borrowings ​ 984,289 ​ 84,289 ​ 900,000 ​ — ​ 984,289 Subordinated debt ​ ​ 173,382 ​ ​ — ​ ​ — ​ ​ 132,928 ​ ​ 132,928 Accrued interest payable ​ ​ 43,616 ​ ​ 43,616 ​ ​ — ​ ​ — ​ ​ 43,616 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Accrued interest receivable ​ ​ 51,359 ​ ​ 51,359 ​ ​ — ​ ​ — ​ ​ 51,359 Liabilities: ​ ​ ​ ​ ​ ​ Deposits ​ $ 10,362,612 ​ $ 8,483,770 ​ $ 1,865,502 ​ $ — ​ $ 10,349,272 Borrowings ​ 1,196,601 ​ 1,176,601 ​ — ​ — ​ 1,176,601 Subordinated debt ​ ​ 173,335 ​ ​ — ​ ​ — ​ ​ 153,121 ​ ​ 153,121 Accrued interest payable ​ 9,997 ​ 9,997 ​ — ​ — ​ 9,997 ​

SECURITIES

SECURITIES	9 Months Ended
	Sep. 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 September 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 9,084 ​ $ — ​ $ (1,543) ​ $ — ​ $ 7,541 Agency mortgage-backed securities ​ ​ 234,305 ​ ​ — ​ ​ (1,457) ​ ​ — ​ ​ 232,848 Municipal bonds ​ ​ 49,579 ​ ​ — ​ ​ (5,426) ​ ​ (1) ​ ​ 44,152 SBA securities ​ ​ 14,807 ​ ​ 2 ​ ​ (113) ​ ​ — ​ ​ 14,696 Beneficial interests in FHLMC securitization ​ 14,696 ​ ​ 89 ​ ​ (336) ​ ​ (7,098) ​ 7,351 Corporate bonds ​ 138,897 ​ ​ — ​ ​ (16,044) ​ ​ (1,391) ​ 121,462 U.S. Treasury ​ 394,004 ​ ​ — ​ ​ (353) ​ ​ — ​ 393,651 Total ​ $ 855,372 ​ $ 91 ​ $ (25,272) ​ $ (8,490) ​ $ 821,701 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2023, U.S. Treasury securities of $393.7 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 $225.7 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 $71.0 million in SBA and agency mortgage-backed securities are pledged as collateral for repurchase agreements. A total of $880.7 million in SBA and agency mortgage-backed securities, corporate and municipal bonds, and loans are pledged as collateral to the Federal Reserve Bank’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 September 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ 800,742 ​ $ — ​ $ (106,246) ​ $ — ​ $ 694,496 Total ​ $ 800,742 ​ $ — ​ $ (106,246) ​ $ — ​ $ 694,496 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 allowance for credit losses (“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 September 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 September 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 September 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 ​ $ — ​ $ — ​ $ 7,541 ​ $ (1,543) ​ $ 7,541 ​ $ (1,543) Agency mortgage-backed securities ​ ​ 226,833 ​ ​ (878) ​ ​ 6,016 ​ ​ (579) ​ ​ 232,849 ​ ​ (1,457) Municipal bonds ​ ​ 3,417 ​ ​ (198) ​ ​ 40,735 ​ ​ (5,228) ​ ​ 44,152 ​ ​ (5,426) SBA securities ​ ​ 1,069 ​ ​ (1) ​ ​ 12,616 ​ ​ (112) ​ ​ 13,685 ​ ​ (113) Beneficial interests in FHLMC securitization ​ ​ — ​ ​ — ​ ​ 4,093 ​ ​ (336) ​ ​ 4,093 ​ ​ (336) Corporate bonds ​ ​ 15,000 ​ ​ — ​ ​ 107,853 ​ ​ (16,044) ​ ​ 122,853 ​ ​ (16,044) U.S. Treasury ​ ​ 392,819 ​ ​ (286) ​ ​ 831 ​ ​ (67) ​ ​ 393,650 ​ ​ (353) Total temporarily impaired securities ​ $ 639,138 ​ $ (1,363) ​ $ 179,685 ​ $ (23,909) ​ $ 818,823 ​ $ (25,272) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 the securities, 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 September 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 ​ $ — ​ $ — ​ $ 694,496 ​ $ (106,246) ​ $ 694,496 ​ $ (106,246) Total temporarily impaired securities ​ $ — ​ $ — ​ $ 694,496 ​ $ (106,246) ​ $ 694,496 ​ $ (106,246) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal bonds ​ $ — ​ $ 1 ​ $ — ​ $ — ​ $ 1 Beneficial interests in FHLMC securitization ​ ​ 7,058 ​ ​ 40 ​ ​ — ​ ​ — ​ ​ 7,098 Corporate bonds ​ ​ 1,477 ​ ​ (86) ​ ​ — ​ ​ — ​ ​ 1,391 Total $ 8,535 $ (45) $ — $ — $ 8,490 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal bonds ​ $ — ​ $ 1 ​ $ — ​ $ — ​ $ 1 Beneficial interests in FHLMC securitization ​ ​ 11,439 ​ ​ (370) ​ ​ (3,971) ​ ​ — ​ ​ 7,098 Corporate bonds ​ ​ — ​ ​ 1,391 ​ ​ — ​ ​ — ​ ​ 1,391 Total $ 11,439 $ 1,022 $ (3,971) $ — $ 8,490 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 nine months ended September 30, 2023, the Company recorded a provision (reversal) for credit losses of ($45) thousand and $1.0 million, respectively. During the three and nine months ended September 30, 2023, the Company recorded charge-offs of $0 and $4.0 million, respectively 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. For securities AFS in an unrealized loss position, the Company first evaluates whether it intends to sell, or whether it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of these criteria regarding intent or requirement to sell is met, the security amortized cost basis is written down to fair value through income. If neither criteria is met, the Company is required to assess whether the decline in fair value has resulted from credit losses or noncredit-related factors. In determining whether a security’s decline in fair value is credit related, the Company considers a number of factors including, but not limited to: (i) the extent to which the fair value of the investment is less than its amortized cost; (ii) the financial condition and near-term prospects of the issuer; (iii) downgrades in credit ratings; (iv) payment structure of the security, and (v) the ability of the issuer of the security to make scheduled principal and interest payments. If, after considering these factors, the present value of expected cash flows to be collected is less than the amortized cost basis, a credit loss exists, and an allowance for credit loss is recorded through income as a component of provision for credit loss expense. If the assessment indicates that a credit loss does not exist, the Company records the decline in fair value through other comprehensive income, net of related income tax effects. The Company has made the election to exclude accrued interest receivable on securities from the estimate of credit losses and report accrued interest separately on the consolidated balance sheets. Changes in the allowance for credit losses are recorded as provision for (or reversal of) credit loss expense. Losses are charged against the allowance when management believes the uncollectibility of a security is confirmed or when either of the criteria regarding intent or requirement to sell is met. On a quarterly basis, the Company engages with an independent third party to perform an analysis of expected credit losses for its municipal and corporate bond securities in order to supplement our own internal review. The analysis for the quarter-ended September 30, 2023 concluded and the Company concurred that seventeen corporate bond securities and one municipal bond security were impacted by credit loss, compared to eighteen corporate bond securities impacted by credit loss for the quarter-ended June 30, 2023, which resulted in a reversal of the allowance for credit losses of $85 thousand for the quarter-ended September 30, 2023. The scheduled maturities of securities AFS and the related weighted average yields by contractual maturity date 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 September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost: ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ — ​ $ 514 ​ $ 8,570 ​ $ 9,084 ​ Agency mortgage-backed securities ​ ​ — ​ ​ 4,960 ​ ​ — ​ ​ 229,345 ​ ​ 234,305 ​ Municipal bonds ​ ​ — ​ ​ 9,676 ​ ​ 36,202 ​ ​ 3,701 ​ ​ 49,579 ​ SBA securities ​ ​ 1 ​ ​ 1,119 ​ ​ 645 ​ ​ 13,042 ​ ​ 14,807 ​ Beneficial interests in FHLMC securitization ​ ​ — ​ ​ 8,958 ​ ​ — ​ ​ 5,738 ​ ​ 14,696 ​ Corporate bonds ​ ​ 5,026 ​ ​ 45,441 ​ ​ 82,901 ​ ​ 5,529 ​ ​ 138,897 ​ U.S. Treasury ​ 392,706 ​ ​ 1,298 ​ ​ — ​ ​ — ​ 394,004 ​ Total ​ $ 397,733 ​ $ 71,452 ​ $ 120,262 ​ $ 265,925 ​ $ 855,372 ​ Weighted average yield ​ 5.19 % 5.45 % 3.28 % 5.86 % 5.15 % Estimated Fair Value: ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ — ​ $ 452 ​ $ 7,089 ​ $ 7,541 ​ Agency mortgage-backed securities ​ ​ — ​ ​ 4,627 ​ ​ — ​ ​ 228,221 ​ ​ 232,848 ​ Municipal bonds ​ ​ — ​ ​ 8,948 ​ ​ 32,388 ​ ​ 2,817 ​ ​ 44,153 ​ SBA securities ​ ​ 1 ​ ​ 1,110 ​ ​ 643 ​ ​ 12,942 ​ ​ 14,696 ​ Beneficial interests in FHLMC securitization ​ ​ — ​ ​ 8,958 ​ ​ — ​ ​ 5,491 ​ ​ 14,449 ​ Corporate bonds ​ ​ 4,951 ​ ​ 44,368 ​ ​ 69,792 ​ ​ 3,742 ​ ​ 122,853 ​ U.S. Treasury ​ 392,425 ​ ​ 1,226 ​ ​ — ​ ​ — ​ 393,651 ​ Total ​ $ 397,377 ​ $ 69,237 ​ $ 103,275 ​ $ 260,302 ​ $ 830,191 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 by contractual maturity date 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 September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost: ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ — ​ $ 3,465 ​ $ 14,411 ​ $ 782,866 ​ $ 800,742 ​ Total ​ $ — ​ $ 3,465 ​ $ 14,411 ​ $ 782,866 ​ $ 800,742 ​ Weighted average yield ​ — % 0.84 % 1.36 % 2.28 % ​ 2.25 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value: ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ — ​ $ 3,183 ​ $ 12,730 ​ $ 678,583 ​ $ 694,496 ​ Total ​ $ — ​ $ 3,183 ​ $ 12,730 ​ $ 678,583 ​ $ 694,496 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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	9 Months Ended
	Sep. 30, 2023
LOANS
LOANS	NOTE 4: LOANS The following is a summary of our loans as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, (dollars in thousands) 2023 2022 Outstanding principal balance: ​ ​ ​ ​ Loans secured by real estate: ​ ​ Residential properties: ​ ​ Multifamily ​ $ 5,240,385 ​ $ 5,341,596 Single family ​ 960,139 ​ 1,016,498 Total real estate loans secured by residential properties ​ 6,200,524 ​ 6,358,094 Commercial properties ​ 1,043,930 ​ 1,203,292 Land and construction ​ 141,216 ​ 158,565 Total real estate loans ​ 7,385,670 ​ 7,719,951 Commercial and industrial loans ​ 2,877,441 ​ 2,984,748 Consumer loans ​ 3,545 ​ 4,481 Total loans ​ 10,266,656 ​ 10,709,180 Premiums, discounts and deferred fees and expenses ​ 16,697 ​ 17,013 Total ​ $ 10,283,353 ​ $ 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 September 30, 2023: ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ Residential properties ​ $ 511 ​ $ 15,660 ​ $ — ​ $ 1,066 ​ $ 17,237 ​ $ 6,202,405 ​ $ 6,219,642 Commercial properties ​ 8,704 ​ — ​ 2,171 ​ 3,015 ​ 13,890 ​ 1,029,215 ​ 1,043,105 Land and construction ​ — ​ — ​ — ​ — ​ — ​ 140,665 ​ 140,665 Commercial and industrial loans ​ 3,277 ​ 666 ​ — ​ 3,017 ​ 6,960 ​ 2,869,360 ​ 2,876,320 Consumer loans ​ 160 ​ — ​ — ​ — ​ 160 ​ 3,461 ​ 3,621 Total ​ $ 12,652 ​ $ 16,326 ​ $ 2,171 ​ $ 7,098 ​ $ 38,247 ​ $ 10,245,106 ​ $ 10,283,353 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Percentage of total loans ​ 0.12 % 0.16 % 0.02 % 0.07 % 0.37 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2023: ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ Residential properties ​ $ 710 ​ $ 356 Commercial properties ​ ​ — ​ ​ 3,015 Commercial and industrial loans ​ 2,552 ​ 466 Consumer loans ​ — ​ — Total ​ $ 3,262 ​ $ 3,837 ​ ​ ​ ​ ​ ​ ​ 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 experiencing financial difficulty. The amendments in this ASU were applied prospectively, and therefore, loan modification and charge off information is provided for only those items occurring after the January 1, 2023 adoption date. 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 nine months ended September 30, 2023 with related amortized cost balances, respective percentage share of the total class of loans, and the related financial effect: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023: ​ ​ Term Extension ​ ​ ​ Amortized Cost Basis ​ % of Total Class of Loans ​ Financial Effect Commercial and industrial loans ​ $ 5,770 ​ 0.20 % 1 loan with 3-month term extension Total ​ $ 5,770 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Payment Deferrals ​ ​ ​ Amortized Cost Basis ​ % of Total Class of Loans ​ Financial Effect Commercial and industrial loans ​ $ 400 ​ — % 4 loans each with partial payment deferrals for 3 months Total ​ $ 400 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Combination ​ ​ ​ Amortized Cost Basis ​ % of Total Class of Loans ​ Financial Effect Commercial real estate loans ​ $ 645 0.10 % 1 loan with 10 year term extension and interest reduction Total ​ $ 645 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ Amortized Cost Basis ​ % of Total Class of Loans ​ ​ Commercial real estate loans ​ $ 645 0.10 % ​ Commercial and industrial loans ​ $ 6,170 ​ 0.20 % ​ Total ​ $ 6,815 ​ ​ ​ ​ ​ The following table presents the amortized cost basis of loans that had a payment default since modification during the nine months ended September 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 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 nine months ended September 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ 90+ Days ​ ​ ​ (dollars in thousands) ​ ​ Current ​ Past Due ​ Past Due ​ Total September 30, 2023: ​ ​ ​ ​ Commercial real estate loans $ 645 ​ $ — ​ $ — ​ $ 645 Commercial and industrial loans ​ 6,170 ​ ​ — ​ ​ 2,289 ​ ​ 8,459 Total $ 6,815 ​ $ — ​ $ 2,289 ​ $ 9,104 ​ 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	9 Months Ended
	Sep. 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 September 30, 2023: ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ Residential properties ​ $ 8,234 ​ $ 140 ​ $ — ​ $ — ​ $ 8,374 Commercial properties ​ 5,253 ​ (979) ​ — ​ — ​ 4,274 Land and construction ​ 287 ​ (13) ​ — ​ — ​ 274 Commercial and industrial loans ​ 17,690 ​ (1,070) ​ (1,183) ​ 814 ​ 16,251 Consumer loans ​ 21 ​ — ​ — ​ 1 ​ 22 Total ​ $ 31,485 ​ $ (1,922) ​ $ (1,183) ​ $ 815 ​ $ 29,195 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2023: ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ Residential properties ​ $ 8,306 ​ $ 68 ​ $ — ​ $ — ​ $ 8,374 Commercial properties ​ 8,714 ​ (4,191) ​ (249) ​ — ​ 4,274 Land and construction ​ 164 ​ 110 ​ — ​ — ​ 274 Commercial and industrial loans ​ 16,521 ​ 2,019 ​ (4,022) ​ 1,733 ​ 16,251 Consumer loans ​ 26 ​ (4) ​ (2) ​ 2 ​ 22 Total ​ $ 33,731 ​ $ (1,998) ​ $ (4,273) ​ $ 1,735 ​ $ 29,195 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses: ​ ​ ​ Real estate loans: ​ ​ ​ Residential properties ​ $ 80 ​ $ 8,294 ​ $ 8,374 ​ Commercial properties ​ 268 ​ 4,006 ​ 4,274 ​ Land and construction ​ — ​ 274 ​ 274 ​ Commercial and industrial loans ​ 1,144 ​ 15,107 ​ 16,251 ​ Consumer loans ​ — ​ 22 ​ 22 ​ Total ​ $ 1,492 ​ $ 27,703 ​ $ 29,195 ​ Loans: ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ Residential properties ​ $ 1,952 ​ $ 6,217,690 ​ $ 6,219,642 ​ Commercial properties ​ 10,625 ​ 1,032,480 ​ 1,043,105 ​ Land and construction ​ — ​ 140,665 ​ 140,665 ​ Commercial and industrial loans ​ 3,828 ​ 2,872,492 ​ 2,876,320 ​ Consumer loans ​ — ​ 3,621 ​ 3,621 ​ Total ​ $ 16,405 ​ $ 10,266,948 ​ $ 10,283,353 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 24,064 $ 2,356,617 ​ $ 1,540,345 $ 781,098 $ 290,865 ​ $ 245,232 $ — $ 5,238,221 Special mention ​ ​ — ​ ​ — ​ ​ 1,255 ​ ​ — ​ ​ 5,577 ​ ​ 10,752 ​ ​ — ​ ​ 17,584 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 24,064 $ 2,356,617 ​ $ 1,541,600 $ 781,098 $ 296,442 ​ $ 255,984 $ — $ 5,255,805 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 13,662 $ 260,643 ​ $ 267,758 $ 92,856 $ 38,772 ​ $ 213,131 $ 55,122 $ 941,944 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 19,674 ​ ​ — ​ ​ 19,674 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,806 ​ ​ 413 ​ ​ 2,219 Total $ 13,662 $ 260,643 ​ $ 267,758 $ 92,856 $ 38,772 ​ $ 234,611 $ 55,535 $ 963,837 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 17,133 $ 220,871 ​ $ 150,796 $ 123,193 $ 82,461 ​ $ 410,961 $ — $ 1,005,415 Special mention ​ ​ — ​ ​ — ​ ​ 1,232 ​ ​ 2,292 ​ ​ — ​ ​ 11,662 ​ ​ — ​ ​ 15,186 Substandard ​ ​ — ​ ​ — ​ ​ 117 ​ ​ 608 ​ ​ 11,515 ​ ​ 10,264 ​ ​ — ​ ​ 22,504 Total $ 17,133 $ 220,871 ​ $ 152,145 $ 126,093 $ 93,976 ​ $ 432,887 $ — $ 1,043,105 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 249 ​ $ — ​ $ 249 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land and construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 17,769 $ 44,271 ​ $ 35,108 $ 35,626 $ 817 ​ $ 7,074 $ — $ 140,665 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 17,769 $ 44,271 ​ $ 35,108 $ 35,626 $ 817 ​ $ 7,074 $ — $ 140,665 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 182,895 $ 1,096,699 ​ $ 279,697 $ 132,636 $ 25,226 ​ $ 27,138 $ 1,087,507 $ 2,831,798 Special mention ​ ​ — ​ ​ — ​ ​ 24,712 ​ ​ 4,409 ​ ​ 102 ​ ​ — ​ ​ — ​ ​ 29,223 Substandard ​ ​ — ​ ​ 215 ​ ​ 1,039 ​ ​ 496 ​ ​ 1,347 ​ ​ 479 ​ ​ 11,723 ​ ​ 15,299 Total $ 182,895 $ 1,096,914 ​ $ 305,448 $ 137,541 $ 26,675 ​ $ 27,617 $ 1,099,230 $ 2,876,320 Gross charge-offs ​ $ 34 ​ $ 1,047 ​ $ 874 ​ $ 538 ​ $ 117 ​ $ 48 ​ $ 1,364 ​ $ 4,022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 218 $ 2 ​ $ 797 $ — $ 304 ​ $ 63 $ 2,237 $ 3,621 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 218 $ 2 ​ $ 797 $ — $ 304 ​ $ 63 $ 2,237 $ 3,621 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2 ​ $ 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 255,741 $ 3,979,103 ​ $ 2,274,501 $ 1,165,409 $ 438,445 ​ $ 903,599 $ 1,144,866 $ 10,161,664 Special mention ​ ​ — ​ ​ — ​ ​ 27,199 ​ ​ 6,701 ​ ​ 5,679 ​ ​ 42,088 ​ ​ — ​ ​ 81,667 Substandard ​ ​ — ​ ​ 215 ​ ​ 1,156 ​ ​ 1,104 ​ ​ 12,862 ​ ​ 12,549 ​ ​ 12,136 ​ ​ 40,022 Total $ 255,741 $ 3,979,318 ​ $ 2,302,856 $ 1,173,214 $ 456,986 ​ $ 958,236 $ 1,157,002 $ 10,283,353 Gross charge-offs ​ $ 34 ​ $ 1,047 ​ $ 874 ​ $ 538 ​ $ 117 ​ $ 297 ​ $ 1,366 ​ $ 4,273 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 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 September 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ Residential properties ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single family ​ $ 356 ​ $ — ​ $ — ​ $ 356 ​ $ — Commercial real estate loans ​ 2,555 ​ — ​ — ​ 2,555 ​ — Commercial loans ​ — ​ 250 ​ 2,290 ​ 2,540 ​ 958 Total ​ $ 2,911 ​ $ 250 ​ $ 2,290 ​ $ 5,451 ​ $ 958 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 CORE DEPOSIT INTAN

GOODWILL AND CORE DEPOSIT INTANGIBLES	9 Months Ended
	Sep. 30, 2023
GOODWILL AND CORE DEPOSIT INTANGIBLES
GOODWILL AND CORE DEPOSIT INTANGIBLES	NOTE 6: GOODWILL AND CORE DEPOSIT 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 rate increases by the Board of Governors of the Federal Reserve System (the “Federal Reserve Board”) 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 September 30, 2023 and December 31, 2022, core deposit intangible assets totaled $5.3 million and $6.6 million, respectively, and we recognized $0.4 million and $0.5 million in core deposit intangible amortization expense for the three month periods ended September 30, 2023 and September 30, 2022, respectively. Core deposit intangible amortization expense for the nine month periods ended September 30, 2023 and September 30, 2022 totaled $1.2 million and $1.5 million, respectively.

LOAN SALES AND MORTGAGE SERVICI

LOAN SALES AND MORTGAGE SERVICING RIGHTS	9 Months Ended
	Sep. 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 September 30, 2023 and December 31, 2022, mortgage servicing rights were $5.6 million and $5.9 million respectively, net of valuation allowances of $8 thousand and $1.4 million, respectively. The amount of loans serviced for others totaled $986.7 million and $1.1 billion at September 30, 2023 and December 31, 2022. Servicing fees collected for the three month periods ended September 30, 2023 and September 30, 2022 were $0.6 million and $0.7 million, respectively. Servicing fees collected for the nine month periods ended September 30, 2023 and September 30, 2022 were $1.9 million and $2.3 million, respectively.

DEPOSITS

DEPOSITS	9 Months Ended
	Sep. 30, 2023
DEPOSITS
DEPOSITS	NOTE 8: DEPOSITS The following table summarizes the outstanding balance of deposits and average rates paid thereon as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ Weighted ​ ​ (dollars in thousands) ​ Amount ​ Average Rate ​ Amount ​ Average Rate ​ ​ Demand deposits: ​ ​ ​ Noninterest-bearing ​ $ 2,412,670 — ​ $ 2,736,691 — ​ ​ Interest-bearing ​ 2,275,351 3.353 % 2,568,850 3.109 % ​ Money market and savings ​ 3,150,696 3.652 % 3,178,230 2.373 % ​ Certificates of deposit ​ 2,973,477 4.594 % 1,878,841 3.741 % ​ Total ​ $ 10,812,194 3.033 % $ 10,362,612 2.177 % ​ ​ At September 30, 2023, of the $464 million of certificates of deposits of $250,000 or more, $457 million mature within one year and $7 million mature after one year. Of the $2.5 billion of certificates of deposit of less than $250,000, $1.4 billion mature within one year and $1.1 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	9 Months Ended
	Sep. 30, 2023
BORROWINGS
BORROWINGS	NOTE 9: BORROWINGS At September 30, 2023, our borrowings consisted of $800 million in FHLB putable advances at the Bank, $100 million of FHLB term advances at the Bank, $72 million in repurchase agreements at the Bank, and $12 million of borrowings under a holding company line of credit. 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, $171 million in repurchase agreements at the Bank, and $20 million of borrowings under a holding company line of credit. FHLB Advances The FHLB putable advances outstanding at September 30, 2023 had a weighted average life of 5.75 years and a weighted average interest rate of 3.74%. The putable advances can be called quarterly until maturity at the option of the FHLB beginning in January 2024. The FHLB term advances bears an interest rate of 4.21% and matures on June 28, 2028. FHLB advances are collateralized primarily by loans secured by single family, multifamily, and commercial real estate properties with a carrying value of $5.4 billion as of September 30, 2023. The Bank’s total unused borrowing capacity from the FHLB as of September 30, 2023 was $2.0 billion. The Bank had in place $310 million of letters of credit from the FHLB as of September 30, 2023, which are used to meet collateral requirements for deposits from the State of California and local agencies. ​ Federal Reserve Bank Borrowings: The Bank has a secured line of credit with the Federal Reserve Bank of San Francisco (the “Federal Reserve Bank”) including the secured borrowing capacity through the Federal Reserve Bank’s Discount Window, Borrower-in-Custody (“BIC”), and Bank Term Funding (“BTFP”) programs. Borrowings under the BIC program are overnight advances with interest chargeable at the primary credit borrowing rate. Borrowings under the BTFP, which was established in March 2023, are for periods up to one year in length, with interest rates based on the one-year overnight index swap (“OIS”) rate plus a spread of 10 basis points. BTFP borrowings are collateralized by eligible investment securities valued at par and provide an additional source of liquidity. At September 30, 2023, the Bank had secured unused borrowing capacity of $880.7 million under this agreement. At September 30, 2023 and December 31, 2022, there were no balances outstanding under this agreement. ​ Uncommitted Credit Facilities: 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 correspondent financial institutions. At September 30, 2023, there were no balances outstanding under these arrangements. At December 31, 2022, the Bank had outstanding borrowings with one of the 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. Holding Company Line of Credit: 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 September 30, 2023 and December 31, 2022, FFI was in compliance with the covenants contained in the loan agreement. As of September 30, 2023 and December 31, 2022, the balance outstanding under this line of credit agreement was $12 million and $20 million, respectively. The weighted average interest rate paid on borrowings during the nine months ended September 30, 2023 was 8.3%. Repurchase Agreements: 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 September 30, 2023 and December 31, 2022, the repurchase agreements are collateralized by investment securities with a fair value of approximately $71.0 million and $186.3 million, respectively.

SUBORDINATED DEBT

SUBORDINATED DEBT	9 Months Ended
	Sep. 30, 2023
SUBORDINATED DEBT.
SUBORDINATED DEBT	NOTE 10: SUBORDINATED DEBT At September 30, 2023 and December 31, 2022, FFI had two issuances of subordinated notes outstanding with an aggregate carrying value of $173.4 million. At September 30, 2023 and December 31, 2022, FFI was in compliance with all covenants under its subordinated debt agreements. The following table summarizes the outstanding subordinated notes as of the dates indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ Current ​ ​ Carrying Value ​ ​ ​ ​ Stated ​ Interest ​ ​ Principal ​ ​ September 30, ​ ​ December 31, ​ ​ (dollars in thousands) ​ Maturity ​ Rate ​ ​ Balance ​ 2023 ​ 2022 ​ ​ Subordinated notes ​ ​ ​ ​ ​ ​ ​ ​ Subordinated notes due 2032, 3.50% per annum until February 1, 2027, 3-month SOFR + 2.04% thereafter ​ February 1, 2032 3.50 % ​ $ 150,000 $ 147,998 ​ $ 147,817 ​ ​ Subordinated notes due 2030, 6.0% per annum until June 30, 2025, 3-month SOFR + 5.90% thereafter. ​ June 30, 2030 6.00 % ​ 24,165 ​ 25,384 ​ ​ 25,518 ​ ​ Total ​ ​ ​ ​ ​ $ 174,165 $ 173,382 ​ $ 173,335 ​ ​ ​

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2023
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 11: 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 nine months ended September 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 nine months ended September 30, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Three Months Ended ​ ​ ​ September 30, 2023 ​ September 30, 2022 ​ (dollars in thousands, except per share amounts) ​ Basic ​ Diluted ​ Basic ​ Diluted ​ Net income $ 2,180 $ 2,180 $ 29,006 $ 29,006 ​ Basic common shares outstanding ​ 56,443,539 ​ 56,443,539 ​ 56,387,451 ​ 56,387,451 ​ Effect of options, restricted stock and contingent shares issuable ​ ​ ​ ​ ​ 6,181 ​ ​ ​ ​ ​ 60,450 ​ Diluted common shares outstanding ​ ​ 56,449,720 ​ ​ 56,447,901 ​ Net income per share ​ $ 0.04 ​ $ 0.04 ​ $ 0.51 ​ $ 0.51 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended ​ Nine Months Ended ​ ​ September 30, 2023 ​ September 30, 2022 (dollars in thousands, except share and per share amounts) ​ Basic ​ Diluted ​ Basic ​ Diluted Net (loss) income $ (201,612) $ (201,612) $ 93,158 $ 93,158 Basic common shares outstanding ​ 56,417,252 ​ 56,417,252 ​ 56,441,305 ​ 56,441,305 Effect of options, restricted stock and contingent shares issuable ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 69,578 Diluted common shares outstanding ​ ​ 56,417,252 ​ ​ 56,510,883 Net (loss) income per share ​ $ (3.57) ​ $ (3.57) ​ $ 1.65 ​ $ 1.65 ​

SEGMENT REPORTING

SEGMENT REPORTING	9 Months Ended
	Sep. 30, 2023
SEGMENT REPORTING
SEGMENT REPORTING	NOTE 12: SEGMENT REPORTING For the three and nine months ended September 30, 2023 and 2022, the Company had two reportable business segments: Banking and Investment Management and Wealth Planning (“Wealth Management”). Banking includes the operations of FFB, FFIS, FFPF, and Blue Moon Management LLC and Wealth Management includes the operations of 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 September 30, 2023: ​ ​ ​ ​ Interest income ​ $ 144,765 ​ $ — ​ $ — ​ $ 144,765 Interest expense ​ 90,960 ​ — ​ 1,732 ​ 92,692 Net interest income ​ 53,805 ​ — ​ (1,732) ​ 52,073 Provision (reversal) for credit losses ​ (2,015) ​ — ​ — ​ (2,015) Noninterest income ​ 4,557 ​ 7,522 ​ (381) ​ 11,698 Noninterest expense ​ ​ 57,987 ​ ​ 5,262 ​ 957 ​ 64,206 Income (loss) before income taxes ​ ​ 2,390 ​ ​ 2,260 ​ ​ (3,070) ​ ​ 1,580 Income tax (benefit) expense ​ ​ (409) ​ ​ 659 ​ ​ (850) ​ ​ (600) Net income (loss) ​ $ 2,799 ​ $ 1,601 ​ $ (2,220) ​ $ 2,180 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2022: ​ ​ ​ ​ Interest income ​ $ 108,746 ​ $ — ​ $ — ​ $ 108,746 Interest expense ​ 19,281 ​ — ​ 1,793 ​ 21,074 Net interest income ​ 89,465 ​ — ​ (1,793) ​ 87,672 Provision (reversal) for credit losses ​ (22) ​ — ​ — ​ (22) Noninterest income ​ 5,730 ​ 6,865 ​ (411) ​ 12,184 Noninterest expense ​ 53,571 ​ 6,380 ​ 391 ​ 60,342 Income (loss) before income taxes ​ ​ 41,646 ​ ​ 485 ​ ​ (2,595) ​ ​ 39,536 Income tax expense (benefit) ​ ​ 11,208 ​ ​ 146 ​ ​ (824) ​ ​ 10,530 Net income (loss) ​ $ 30,438 ​ $ 339 ​ $ (1,771) ​ $ 29,006 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Wealth ​ ​ ​ ​ (dollars in thousands) ​ Banking ​ Management ​ Other Total Nine Months Ended September 30, 2023: ​ ​ ​ ​ Interest income ​ $ 427,093 ​ $ — ​ $ — ​ $ 427,093 Interest expense ​ 261,948 ​ — ​ 5,333 ​ 267,281 Net interest income ​ 165,145 ​ — ​ (5,333) ​ 159,812 Provision (reversal) for credit losses ​ (711) ​ — ​ — ​ (711) Noninterest income ​ 14,425 ​ 22,228 ​ (1,178) ​ 35,475 Noninterest expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill impairment ​ ​ 215,252 ​ ​ — ​ ​ — ​ ​ 215,252 Operating ​ ​ 160,332 ​ 16,944 ​ 3,782 ​ 181,058 (Loss) income before income taxes ​ ​ (195,303) ​ ​ 5,284 ​ ​ (10,293) ​ ​ (200,312) Income tax expense (benefit) ​ ​ 2,672 ​ ​ 1,552 ​ ​ (2,924) ​ ​ 1,300 Net (loss) income ​ $ (197,975) ​ $ 3,732 ​ $ (7,369) ​ $ (201,612) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2022: ​ ​ ​ ​ Interest income ​ $ 277,861 ​ $ — ​ $ — ​ $ 277,861 Interest expense ​ 29,170 ​ — ​ 4,720 ​ 33,890 Net interest income ​ 248,691 ​ — ​ (4,720) ​ 243,971 Provision (reversal) for credit losses ​ (641) ​ — ​ — ​ (641) Noninterest income ​ 19,118 ​ 23,190 ​ (1,297) ​ 41,011 Noninterest expense ​ 135,704 ​ 19,213 ​ 1,848 ​ 156,765 Income (loss) before income taxes ​ ​ 132,746 ​ ​ 3,977 ​ ​ (7,865) ​ ​ 128,858 Income tax expense (benefit) ​ ​ 36,816 ​ ​ 1,168 ​ ​ (2,284) ​ ​ 35,700 Net income (loss) ​ $ 95,930 ​ $ 2,809 ​ $ (5,581) ​ $ 93,158 ​

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2023
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 13: SUBSEQUENT EVENTS Cash Dividend On October 26, 2023, the Company announced that its Board of Directors approved the payment of a quarterly cash dividend of $0.01 per common share to be paid on November 16, 2023 to shareholders of record as of the close of business on November 6, 2023.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 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 September 30, 2023 and December 31, 2022, and for the nine months ended September 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 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-02, Investments – Equity Method and Joint Ventures (Topic 323), Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method (a consensus of the Emerging Issues Task Force) for their tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method, which was previously allowed only for low-income housing tax credit (“LIHTC”) investments, if certain conditions are met. The proportional amortization method recognizes the amortization of the cost of the investment as a component of income tax expense. The provisions of this update are effective for interim and annual periods beginning after December 15, 2023. Early adoption is permitted. Currently, the Company’s holdings of tax credit program investments are limited to LIHTC investments, for which it already uses the proportional amortization method. Therefore, ASU 2023-02 is not expected to have a material impact on the Company’s consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, “ Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting”

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 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 September 30, 2023: ​ ​ ​ ​ Investment securities available for sale: ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 7,541 ​ $ — ​ $ 7,541 ​ $ — Agency mortgage-backed securities ​ 232,848 ​ — ​ 232,848 ​ — Municipal bonds ​ 44,152 ​ — ​ 44,152 ​ — SBA securities ​ ​ 14,696 ​ ​ — ​ ​ 14,696 ​ ​ — Beneficial interests in FHLMC securitization ​ ​ 7,351 ​ ​ — ​ ​ — ​ ​ 7,351 Corporate bonds ​ 121,462 ​ — ​ 121,462 ​ — U.S. Treasury ​ ​ 393,651 ​ ​ 393,651 ​ ​ — ​ ​ — Investment in equity securities ​ 9,774 ​ — ​ — ​ 9,774 Total assets at fair value on a recurring basis ​ $ 831,475 ​ $ 393,651 ​ $ 420,699 ​ $ 17,125 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2023: ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 818,501 ​ $ 818,501 ​ $ — ​ $ — ​ $ 818,501 Securities AFS, net ​ 821,701 ​ 393,651 ​ 420,699 ​ 7,351 ​ 821,701 Securities HTM ​ ​ 800,742 ​ ​ — ​ ​ 694,496 ​ ​ — ​ ​ 694,496 Loans, net ​ 10,254,158 ​ — ​ — ​ 9,818,852 ​ 9,818,852 Investment in FHLB stock ​ 24,610 ​ — ​ 24,610 ​ — ​ 24,610 Investment in equity securities ​ 9,774 ​ — ​ — ​ 9,774 ​ 9,774 Accrued interest receivable ​ ​ 51,303 ​ ​ 51,303 ​ ​ — ​ ​ — ​ ​ 51,303 Liabilities: ​ ​ ​ ​ ​ Deposits ​ $ 10,812,194 ​ $ 7,833,509 ​ $ 2,949,392 ​ $ — ​ $ 10,782,901 Borrowings ​ 984,289 ​ 84,289 ​ 900,000 ​ — ​ 984,289 Subordinated debt ​ ​ 173,382 ​ ​ — ​ ​ — ​ ​ 132,928 ​ ​ 132,928 Accrued interest payable ​ ​ 43,616 ​ ​ 43,616 ​ ​ — ​ ​ — ​ ​ 43,616 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Accrued interest receivable ​ ​ 51,359 ​ ​ 51,359 ​ ​ — ​ ​ — ​ ​ 51,359 Liabilities: ​ ​ ​ ​ ​ ​ Deposits ​ $ 10,362,612 ​ $ 8,483,770 ​ $ 1,865,502 ​ $ — ​ $ 10,349,272 Borrowings ​ 1,196,601 ​ 1,176,601 ​ — ​ — ​ 1,176,601 Subordinated debt ​ ​ 173,335 ​ ​ — ​ ​ — ​ ​ 153,121 ​ ​ 153,121 Accrued interest payable ​ 9,997 ​ 9,997 ​ — ​ — ​ 9,997 ​

SECURITIES (Tables)

SECURITIES (Tables)	9 Months Ended
	Sep. 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 September 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 9,084 ​ $ — ​ $ (1,543) ​ $ — ​ $ 7,541 Agency mortgage-backed securities ​ ​ 234,305 ​ ​ — ​ ​ (1,457) ​ ​ — ​ ​ 232,848 Municipal bonds ​ ​ 49,579 ​ ​ — ​ ​ (5,426) ​ ​ (1) ​ ​ 44,152 SBA securities ​ ​ 14,807 ​ ​ 2 ​ ​ (113) ​ ​ — ​ ​ 14,696 Beneficial interests in FHLMC securitization ​ 14,696 ​ ​ 89 ​ ​ (336) ​ ​ (7,098) ​ 7,351 Corporate bonds ​ 138,897 ​ ​ — ​ ​ (16,044) ​ ​ (1,391) ​ 121,462 U.S. Treasury ​ 394,004 ​ ​ — ​ ​ (353) ​ ​ — ​ 393,651 Total ​ $ 855,372 ​ $ 91 ​ $ (25,272) ​ $ (8,490) ​ $ 821,701 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ 800,742 ​ $ — ​ $ (106,246) ​ $ — ​ $ 694,496 Total ​ $ 800,742 ​ $ — ​ $ (106,246) ​ $ — ​ $ 694,496 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 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 ​ $ — ​ $ — ​ $ 7,541 ​ $ (1,543) ​ $ 7,541 ​ $ (1,543) Agency mortgage-backed securities ​ ​ 226,833 ​ ​ (878) ​ ​ 6,016 ​ ​ (579) ​ ​ 232,849 ​ ​ (1,457) Municipal bonds ​ ​ 3,417 ​ ​ (198) ​ ​ 40,735 ​ ​ (5,228) ​ ​ 44,152 ​ ​ (5,426) SBA securities ​ ​ 1,069 ​ ​ (1) ​ ​ 12,616 ​ ​ (112) ​ ​ 13,685 ​ ​ (113) Beneficial interests in FHLMC securitization ​ ​ — ​ ​ — ​ ​ 4,093 ​ ​ (336) ​ ​ 4,093 ​ ​ (336) Corporate bonds ​ ​ 15,000 ​ ​ — ​ ​ 107,853 ​ ​ (16,044) ​ ​ 122,853 ​ ​ (16,044) U.S. Treasury ​ ​ 392,819 ​ ​ (286) ​ ​ 831 ​ ​ (67) ​ ​ 393,650 ​ ​ (353) Total temporarily impaired securities ​ $ 639,138 ​ $ (1,363) ​ $ 179,685 ​ $ (23,909) ​ $ 818,823 ​ $ (25,272) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 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 ​ $ — ​ $ — ​ $ 694,496 ​ $ (106,246) ​ $ 694,496 ​ $ (106,246) Total temporarily impaired securities ​ $ — ​ $ — ​ $ 694,496 ​ $ (106,246) ​ $ 694,496 ​ $ (106,246) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal bonds ​ $ — ​ $ 1 ​ $ — ​ $ — ​ $ 1 Beneficial interests in FHLMC securitization ​ ​ 7,058 ​ ​ 40 ​ ​ — ​ ​ — ​ ​ 7,098 Corporate bonds ​ ​ 1,477 ​ ​ (86) ​ ​ — ​ ​ — ​ ​ 1,391 Total $ 8,535 $ (45) $ — $ — $ 8,490 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal bonds ​ $ — ​ $ 1 ​ $ — ​ $ — ​ $ 1 Beneficial interests in FHLMC securitization ​ ​ 11,439 ​ ​ (370) ​ ​ (3,971) ​ ​ — ​ ​ 7,098 Corporate bonds ​ ​ — ​ ​ 1,391 ​ ​ — ​ ​ — ​ ​ 1,391 Total $ 11,439 $ 1,022 $ (3,971) $ — $ 8,490 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 by contractual maturity date 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 September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost: ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ — ​ $ 514 ​ $ 8,570 ​ $ 9,084 ​ Agency mortgage-backed securities ​ ​ — ​ ​ 4,960 ​ ​ — ​ ​ 229,345 ​ ​ 234,305 ​ Municipal bonds ​ ​ — ​ ​ 9,676 ​ ​ 36,202 ​ ​ 3,701 ​ ​ 49,579 ​ SBA securities ​ ​ 1 ​ ​ 1,119 ​ ​ 645 ​ ​ 13,042 ​ ​ 14,807 ​ Beneficial interests in FHLMC securitization ​ ​ — ​ ​ 8,958 ​ ​ — ​ ​ 5,738 ​ ​ 14,696 ​ Corporate bonds ​ ​ 5,026 ​ ​ 45,441 ​ ​ 82,901 ​ ​ 5,529 ​ ​ 138,897 ​ U.S. Treasury ​ 392,706 ​ ​ 1,298 ​ ​ — ​ ​ — ​ 394,004 ​ Total ​ $ 397,733 ​ $ 71,452 ​ $ 120,262 ​ $ 265,925 ​ $ 855,372 ​ Weighted average yield ​ 5.19 % 5.45 % 3.28 % 5.86 % 5.15 % Estimated Fair Value: ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ — ​ $ 452 ​ $ 7,089 ​ $ 7,541 ​ Agency mortgage-backed securities ​ ​ — ​ ​ 4,627 ​ ​ — ​ ​ 228,221 ​ ​ 232,848 ​ Municipal bonds ​ ​ — ​ ​ 8,948 ​ ​ 32,388 ​ ​ 2,817 ​ ​ 44,153 ​ SBA securities ​ ​ 1 ​ ​ 1,110 ​ ​ 643 ​ ​ 12,942 ​ ​ 14,696 ​ Beneficial interests in FHLMC securitization ​ ​ — ​ ​ 8,958 ​ ​ — ​ ​ 5,491 ​ ​ 14,449 ​ Corporate bonds ​ ​ 4,951 ​ ​ 44,368 ​ ​ 69,792 ​ ​ 3,742 ​ ​ 122,853 ​ U.S. Treasury ​ 392,425 ​ ​ 1,226 ​ ​ — ​ ​ — ​ 393,651 ​ Total ​ $ 397,377 ​ $ 69,237 ​ $ 103,275 ​ $ 260,302 ​ $ 830,191 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost: ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ — ​ $ 3,465 ​ $ 14,411 ​ $ 782,866 ​ $ 800,742 ​ Total ​ $ — ​ $ 3,465 ​ $ 14,411 ​ $ 782,866 ​ $ 800,742 ​ Weighted average yield ​ — % 0.84 % 1.36 % 2.28 % ​ 2.25 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value: ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ — ​ $ 3,183 ​ $ 12,730 ​ $ 678,583 ​ $ 694,496 ​ Total ​ $ — ​ $ 3,183 ​ $ 12,730 ​ $ 678,583 ​ $ 694,496 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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)	9 Months Ended
	Sep. 30, 2023
LOANS
Summary of Loans	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, (dollars in thousands) 2023 2022 Outstanding principal balance: ​ ​ ​ ​ Loans secured by real estate: ​ ​ Residential properties: ​ ​ Multifamily ​ $ 5,240,385 ​ $ 5,341,596 Single family ​ 960,139 ​ 1,016,498 Total real estate loans secured by residential properties ​ 6,200,524 ​ 6,358,094 Commercial properties ​ 1,043,930 ​ 1,203,292 Land and construction ​ 141,216 ​ 158,565 Total real estate loans ​ 7,385,670 ​ 7,719,951 Commercial and industrial loans ​ 2,877,441 ​ 2,984,748 Consumer loans ​ 3,545 ​ 4,481 Total loans ​ 10,266,656 ​ 10,709,180 Premiums, discounts and deferred fees and expenses ​ 16,697 ​ 17,013 Total ​ $ 10,283,353 ​ $ 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 September 30, 2023: ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ Residential properties ​ $ 511 ​ $ 15,660 ​ $ — ​ $ 1,066 ​ $ 17,237 ​ $ 6,202,405 ​ $ 6,219,642 Commercial properties ​ 8,704 ​ — ​ 2,171 ​ 3,015 ​ 13,890 ​ 1,029,215 ​ 1,043,105 Land and construction ​ — ​ — ​ — ​ — ​ — ​ 140,665 ​ 140,665 Commercial and industrial loans ​ 3,277 ​ 666 ​ — ​ 3,017 ​ 6,960 ​ 2,869,360 ​ 2,876,320 Consumer loans ​ 160 ​ — ​ — ​ — ​ 160 ​ 3,461 ​ 3,621 Total ​ $ 12,652 ​ $ 16,326 ​ $ 2,171 ​ $ 7,098 ​ $ 38,247 ​ $ 10,245,106 ​ $ 10,283,353 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Percentage of total loans ​ 0.12 % 0.16 % 0.02 % 0.07 % 0.37 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2023: ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ Residential properties ​ $ 710 ​ $ 356 Commercial properties ​ ​ — ​ ​ 3,015 Commercial and industrial loans ​ 2,552 ​ 466 Consumer loans ​ — ​ — Total ​ $ 3,262 ​ $ 3,837 ​ ​ ​ ​ ​ ​ ​ 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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023: ​ ​ Term Extension ​ ​ ​ Amortized Cost Basis ​ % of Total Class of Loans ​ Financial Effect Commercial and industrial loans ​ $ 5,770 ​ 0.20 % 1 loan with 3-month term extension Total ​ $ 5,770 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Payment Deferrals ​ ​ ​ Amortized Cost Basis ​ % of Total Class of Loans ​ Financial Effect Commercial and industrial loans ​ $ 400 ​ — % 4 loans each with partial payment deferrals for 3 months Total ​ $ 400 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Combination ​ ​ ​ Amortized Cost Basis ​ % of Total Class of Loans ​ Financial Effect Commercial real estate loans ​ $ 645 0.10 % 1 loan with 10 year term extension and interest reduction Total ​ $ 645 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ Amortized Cost Basis ​ % of Total Class of Loans ​ ​ Commercial real estate loans ​ $ 645 0.10 % ​ Commercial and industrial loans ​ $ 6,170 ​ 0.20 % ​ Total ​ $ 6,815 ​ ​ ​ ​ ​ The following table presents the amortized cost basis of loans that had a payment default since modification during the nine months ended September 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 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 nine months ended September 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ 90+ Days ​ ​ ​ (dollars in thousands) ​ ​ Current ​ Past Due ​ Past Due ​ Total September 30, 2023: ​ ​ ​ ​ Commercial real estate loans $ 645 ​ $ — ​ $ — ​ $ 645 Commercial and industrial loans ​ 6,170 ​ ​ — ​ ​ 2,289 ​ ​ 8,459 Total $ 6,815 ​ $ — ​ $ 2,289 ​ $ 9,104 ​ 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)	9 Months Ended
	Sep. 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 September 30, 2023: ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ Residential properties ​ $ 8,234 ​ $ 140 ​ $ — ​ $ — ​ $ 8,374 Commercial properties ​ 5,253 ​ (979) ​ — ​ — ​ 4,274 Land and construction ​ 287 ​ (13) ​ — ​ — ​ 274 Commercial and industrial loans ​ 17,690 ​ (1,070) ​ (1,183) ​ 814 ​ 16,251 Consumer loans ​ 21 ​ — ​ — ​ 1 ​ 22 Total ​ $ 31,485 ​ $ (1,922) ​ $ (1,183) ​ $ 815 ​ $ 29,195 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2023: ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ Residential properties ​ $ 8,306 ​ $ 68 ​ $ — ​ $ — ​ $ 8,374 Commercial properties ​ 8,714 ​ (4,191) ​ (249) ​ — ​ 4,274 Land and construction ​ 164 ​ 110 ​ — ​ — ​ 274 Commercial and industrial loans ​ 16,521 ​ 2,019 ​ (4,022) ​ 1,733 ​ 16,251 Consumer loans ​ 26 ​ (4) ​ (2) ​ 2 ​ 22 Total ​ $ 33,731 ​ $ (1,998) ​ $ (4,273) ​ $ 1,735 ​ $ 29,195 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses: ​ ​ ​ Real estate loans: ​ ​ ​ Residential properties ​ $ 80 ​ $ 8,294 ​ $ 8,374 ​ Commercial properties ​ 268 ​ 4,006 ​ 4,274 ​ Land and construction ​ — ​ 274 ​ 274 ​ Commercial and industrial loans ​ 1,144 ​ 15,107 ​ 16,251 ​ Consumer loans ​ — ​ 22 ​ 22 ​ Total ​ $ 1,492 ​ $ 27,703 ​ $ 29,195 ​ Loans: ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ Residential properties ​ $ 1,952 ​ $ 6,217,690 ​ $ 6,219,642 ​ Commercial properties ​ 10,625 ​ 1,032,480 ​ 1,043,105 ​ Land and construction ​ — ​ 140,665 ​ 140,665 ​ Commercial and industrial loans ​ 3,828 ​ 2,872,492 ​ 2,876,320 ​ Consumer loans ​ — ​ 3,621 ​ 3,621 ​ Total ​ $ 16,405 ​ $ 10,266,948 ​ $ 10,283,353 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 24,064 $ 2,356,617 ​ $ 1,540,345 $ 781,098 $ 290,865 ​ $ 245,232 $ — $ 5,238,221 Special mention ​ ​ — ​ ​ — ​ ​ 1,255 ​ ​ — ​ ​ 5,577 ​ ​ 10,752 ​ ​ — ​ ​ 17,584 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 24,064 $ 2,356,617 ​ $ 1,541,600 $ 781,098 $ 296,442 ​ $ 255,984 $ — $ 5,255,805 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 13,662 $ 260,643 ​ $ 267,758 $ 92,856 $ 38,772 ​ $ 213,131 $ 55,122 $ 941,944 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 19,674 ​ ​ — ​ ​ 19,674 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,806 ​ ​ 413 ​ ​ 2,219 Total $ 13,662 $ 260,643 ​ $ 267,758 $ 92,856 $ 38,772 ​ $ 234,611 $ 55,535 $ 963,837 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 17,133 $ 220,871 ​ $ 150,796 $ 123,193 $ 82,461 ​ $ 410,961 $ — $ 1,005,415 Special mention ​ ​ — ​ ​ — ​ ​ 1,232 ​ ​ 2,292 ​ ​ — ​ ​ 11,662 ​ ​ — ​ ​ 15,186 Substandard ​ ​ — ​ ​ — ​ ​ 117 ​ ​ 608 ​ ​ 11,515 ​ ​ 10,264 ​ ​ — ​ ​ 22,504 Total $ 17,133 $ 220,871 ​ $ 152,145 $ 126,093 $ 93,976 ​ $ 432,887 $ — $ 1,043,105 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 249 ​ $ — ​ $ 249 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land and construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 17,769 $ 44,271 ​ $ 35,108 $ 35,626 $ 817 ​ $ 7,074 $ — $ 140,665 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 17,769 $ 44,271 ​ $ 35,108 $ 35,626 $ 817 ​ $ 7,074 $ — $ 140,665 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 182,895 $ 1,096,699 ​ $ 279,697 $ 132,636 $ 25,226 ​ $ 27,138 $ 1,087,507 $ 2,831,798 Special mention ​ ​ — ​ ​ — ​ ​ 24,712 ​ ​ 4,409 ​ ​ 102 ​ ​ — ​ ​ — ​ ​ 29,223 Substandard ​ ​ — ​ ​ 215 ​ ​ 1,039 ​ ​ 496 ​ ​ 1,347 ​ ​ 479 ​ ​ 11,723 ​ ​ 15,299 Total $ 182,895 $ 1,096,914 ​ $ 305,448 $ 137,541 $ 26,675 ​ $ 27,617 $ 1,099,230 $ 2,876,320 Gross charge-offs ​ $ 34 ​ $ 1,047 ​ $ 874 ​ $ 538 ​ $ 117 ​ $ 48 ​ $ 1,364 ​ $ 4,022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 218 $ 2 ​ $ 797 $ — $ 304 ​ $ 63 $ 2,237 $ 3,621 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 218 $ 2 ​ $ 797 $ — $ 304 ​ $ 63 $ 2,237 $ 3,621 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2 ​ $ 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 255,741 $ 3,979,103 ​ $ 2,274,501 $ 1,165,409 $ 438,445 ​ $ 903,599 $ 1,144,866 $ 10,161,664 Special mention ​ ​ — ​ ​ — ​ ​ 27,199 ​ ​ 6,701 ​ ​ 5,679 ​ ​ 42,088 ​ ​ — ​ ​ 81,667 Substandard ​ ​ — ​ ​ 215 ​ ​ 1,156 ​ ​ 1,104 ​ ​ 12,862 ​ ​ 12,549 ​ ​ 12,136 ​ ​ 40,022 Total $ 255,741 $ 3,979,318 ​ $ 2,302,856 $ 1,173,214 $ 456,986 ​ $ 958,236 $ 1,157,002 $ 10,283,353 Gross charge-offs ​ $ 34 ​ $ 1,047 ​ $ 874 ​ $ 538 ​ $ 117 ​ $ 297 ​ $ 1,366 ​ $ 4,273 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 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 September 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ Residential properties ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single family ​ $ 356 ​ $ — ​ $ — ​ $ 356 ​ $ — Commercial real estate loans ​ 2,555 ​ — ​ — ​ 2,555 ​ — Commercial loans ​ — ​ 250 ​ 2,290 ​ 2,540 ​ 958 Total ​ $ 2,911 ​ $ 250 ​ $ 2,290 ​ $ 5,451 ​ $ 958 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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)	9 Months Ended
	Sep. 30, 2023
DEPOSITS
Summary of Outstanding Balance of Deposits And Average Rates	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ Weighted ​ ​ (dollars in thousands) ​ Amount ​ Average Rate ​ Amount ​ Average Rate ​ ​ Demand deposits: ​ ​ ​ Noninterest-bearing ​ $ 2,412,670 — ​ $ 2,736,691 — ​ ​ Interest-bearing ​ 2,275,351 3.353 % 2,568,850 3.109 % ​ Money market and savings ​ 3,150,696 3.652 % 3,178,230 2.373 % ​ Certificates of deposit ​ 2,973,477 4.594 % 1,878,841 3.741 % ​ Total ​ $ 10,812,194 3.033 % $ 10,362,612 2.177 % ​

SUBORDINATED DEBT (Tables)

SUBORDINATED DEBT (Tables)	9 Months Ended
	Sep. 30, 2023
SUBORDINATED DEBT.
Schedule of Subordinated Borrowing	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ Current ​ ​ Carrying Value ​ ​ ​ ​ Stated ​ Interest ​ ​ Principal ​ ​ September 30, ​ ​ December 31, ​ ​ (dollars in thousands) ​ Maturity ​ Rate ​ ​ Balance ​ 2023 ​ 2022 ​ ​ Subordinated notes ​ ​ ​ ​ ​ ​ ​ ​ Subordinated notes due 2032, 3.50% per annum until February 1, 2027, 3-month SOFR + 2.04% thereafter ​ February 1, 2032 3.50 % ​ $ 150,000 $ 147,998 ​ $ 147,817 ​ ​ Subordinated notes due 2030, 6.0% per annum until June 30, 2025, 3-month SOFR + 5.90% thereafter. ​ June 30, 2030 6.00 % ​ 24,165 ​ 25,384 ​ ​ 25,518 ​ ​ Total ​ ​ ​ ​ ​ $ 174,165 $ 173,382 ​ $ 173,335 ​ ​ ​

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2023
EARNINGS PER SHARE
Computation of Basic and Diluted Earnings Per Share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Three Months Ended ​ ​ ​ September 30, 2023 ​ September 30, 2022 ​ (dollars in thousands, except per share amounts) ​ Basic ​ Diluted ​ Basic ​ Diluted ​ Net income $ 2,180 $ 2,180 $ 29,006 $ 29,006 ​ Basic common shares outstanding ​ 56,443,539 ​ 56,443,539 ​ 56,387,451 ​ 56,387,451 ​ Effect of options, restricted stock and contingent shares issuable ​ ​ ​ ​ ​ 6,181 ​ ​ ​ ​ ​ 60,450 ​ Diluted common shares outstanding ​ ​ 56,449,720 ​ ​ 56,447,901 ​ Net income per share ​ $ 0.04 ​ $ 0.04 ​ $ 0.51 ​ $ 0.51 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended ​ Nine Months Ended ​ ​ September 30, 2023 ​ September 30, 2022 (dollars in thousands, except share and per share amounts) ​ Basic ​ Diluted ​ Basic ​ Diluted Net (loss) income $ (201,612) $ (201,612) $ 93,158 $ 93,158 Basic common shares outstanding ​ 56,417,252 ​ 56,417,252 ​ 56,441,305 ​ 56,441,305 Effect of options, restricted stock and contingent shares issuable ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 69,578 Diluted common shares outstanding ​ ​ 56,417,252 ​ ​ 56,510,883 Net (loss) income per share ​ $ (3.57) ​ $ (3.57) ​ $ 1.65 ​ $ 1.65 ​

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	9 Months Ended
	Sep. 30, 2023
SEGMENT REPORTING
Key Operating Results of Business Segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Wealth ​ ​ ​ ​ (dollars in thousands) ​ Banking ​ Management ​ Other Total Three Months Ended September 30, 2023: ​ ​ ​ ​ Interest income ​ $ 144,765 ​ $ — ​ $ — ​ $ 144,765 Interest expense ​ 90,960 ​ — ​ 1,732 ​ 92,692 Net interest income ​ 53,805 ​ — ​ (1,732) ​ 52,073 Provision (reversal) for credit losses ​ (2,015) ​ — ​ — ​ (2,015) Noninterest income ​ 4,557 ​ 7,522 ​ (381) ​ 11,698 Noninterest expense ​ ​ 57,987 ​ ​ 5,262 ​ 957 ​ 64,206 Income (loss) before income taxes ​ ​ 2,390 ​ ​ 2,260 ​ ​ (3,070) ​ ​ 1,580 Income tax (benefit) expense ​ ​ (409) ​ ​ 659 ​ ​ (850) ​ ​ (600) Net income (loss) ​ $ 2,799 ​ $ 1,601 ​ $ (2,220) ​ $ 2,180 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2022: ​ ​ ​ ​ Interest income ​ $ 108,746 ​ $ — ​ $ — ​ $ 108,746 Interest expense ​ 19,281 ​ — ​ 1,793 ​ 21,074 Net interest income ​ 89,465 ​ — ​ (1,793) ​ 87,672 Provision (reversal) for credit losses ​ (22) ​ — ​ — ​ (22) Noninterest income ​ 5,730 ​ 6,865 ​ (411) ​ 12,184 Noninterest expense ​ 53,571 ​ 6,380 ​ 391 ​ 60,342 Income (loss) before income taxes ​ ​ 41,646 ​ ​ 485 ​ ​ (2,595) ​ ​ 39,536 Income tax expense (benefit) ​ ​ 11,208 ​ ​ 146 ​ ​ (824) ​ ​ 10,530 Net income (loss) ​ $ 30,438 ​ $ 339 ​ $ (1,771) ​ $ 29,006 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Wealth ​ ​ ​ ​ (dollars in thousands) ​ Banking ​ Management ​ Other Total Nine Months Ended September 30, 2023: ​ ​ ​ ​ Interest income ​ $ 427,093 ​ $ — ​ $ — ​ $ 427,093 Interest expense ​ 261,948 ​ — ​ 5,333 ​ 267,281 Net interest income ​ 165,145 ​ — ​ (5,333) ​ 159,812 Provision (reversal) for credit losses ​ (711) ​ — ​ — ​ (711) Noninterest income ​ 14,425 ​ 22,228 ​ (1,178) ​ 35,475 Noninterest expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill impairment ​ ​ 215,252 ​ ​ — ​ ​ — ​ ​ 215,252 Operating ​ ​ 160,332 ​ 16,944 ​ 3,782 ​ 181,058 (Loss) income before income taxes ​ ​ (195,303) ​ ​ 5,284 ​ ​ (10,293) ​ ​ (200,312) Income tax expense (benefit) ​ ​ 2,672 ​ ​ 1,552 ​ ​ (2,924) ​ ​ 1,300 Net (loss) income ​ $ (197,975) ​ $ 3,732 ​ $ (7,369) ​ $ (201,612) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2022: ​ ​ ​ ​ Interest income ​ $ 277,861 ​ $ — ​ $ — ​ $ 277,861 Interest expense ​ 29,170 ​ — ​ 4,720 ​ 33,890 Net interest income ​ 248,691 ​ — ​ (4,720) ​ 243,971 Provision (reversal) for credit losses ​ (641) ​ — ​ — ​ (641) Noninterest income ​ 19,118 ​ 23,190 ​ (1,297) ​ 41,011 Noninterest expense ​ 135,704 ​ 19,213 ​ 1,848 ​ 156,765 Income (loss) before income taxes ​ ​ 132,746 ​ ​ 3,977 ​ ​ (7,865) ​ ​ 128,858 Income tax expense (benefit) ​ ​ 36,816 ​ ​ 1,168 ​ ​ (2,284) ​ ​ 35,700 Net income (loss) ​ $ 95,930 ​ $ 2,809 ​ $ (5,581) ​ $ 93,158 ​

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	9 Months Ended
	Sep. 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	Sep. 30, 2023	Dec. 31, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Investment securities available for sale	$ 821,701	$ 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
Investment securities available for sale	232,848	7,576
Municipal bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Investment securities available for sale	44,152	46,790
SBA securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Investment securities available for sale	14,696	18,955
Beneficial interest - FHLMC securitizations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Investment securities available for sale	7,351	7,981
Corporate bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Investment securities available for sale	121,462	135,013
U.S. Treasury
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Investment securities available for sale	393,651	1,228
Fair Value on Recurring Basis
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Investment in equity securities	9,774	9,767
Total assets at fair value on a recurring basis	831,475	235,925
Fair Value on Recurring Basis | Collateralized mortgage obligations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Investment securities available for sale	7,541	8,615
Fair Value on Recurring Basis | Agency mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Investment securities available for sale	232,848	7,576
Fair Value on Recurring Basis | Municipal bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Investment securities available for sale	44,152	46,790
Fair Value on Recurring Basis | SBA securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Investment securities available for sale	14,696	18,955
Fair Value on Recurring Basis | Beneficial interest - FHLMC securitizations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Investment securities available for sale	7,351	7,981
Fair Value on Recurring Basis | Corporate bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Investment securities available for sale	121,462	135,013
Fair Value on Recurring Basis | U.S. Treasury
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Investment securities available for sale	393,651	1,228
Fair Value Measurement Level 1 | Fair Value on Recurring Basis
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Total assets at fair value on a recurring basis	393,651	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
Investment securities available for sale	393,651	1,228
Fair Value Measurement Level 2 | Fair Value on Recurring Basis
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Total assets at fair value on a recurring basis	420,699	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
Investment securities available for sale	7,541	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
Investment securities available for sale	232,848	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
Investment securities available for sale	44,152	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
Investment securities available for sale	14,696	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
Investment securities available for sale	121,462	135,013
Fair Value Measurement Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
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
Investment in equity securities	9,774	9,767
Total assets at fair value on a recurring basis	17,125	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
Investment securities available for sale	$ 7,351	$ 7,981

FAIR VALUE MEASUREMENTS - Valua

FAIR VALUE MEASUREMENTS - Valuation assumptions (Details) $ in Millions	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Specific reserves	$ 1	$ 0.6
Fair Value Measurement Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Collateral dependent loans, amortized cost basis	5.5	6.5
Fair Value Measurement Level 3 | Mortgage Servicing Rights. | Fair Value Nonrecurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Net of valuation allowance	$ 5.6	$ 5.9
Fair Value Measurement Level 3 | Prepayment Rate | Minimum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Alternative investment measurement input	0.30	0.35
Fair Value Measurement Level 3 | Prepayment Rate | Minimum | Mortgage Servicing Rights.
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
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
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
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
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
Alternative investment measurement input	0.0918	0.0769
Fair Value Measurement Level 3 | Discount Rate | Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Alternative investment measurement input	0.1091	0.10

FAIR VALUE MEASUREMENTS - Carry

FAIR VALUE MEASUREMENTS - Carrying Amounts and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets:
Cash and cash equivalents	$ 818,501	$ 656,494
Securities AFS, net	821,701	226,158
Securities HTM	800,742	862,544
Loans, net	10,254,158	10,692,462
Investment in FHLB stock	24,610	25,358
Investment in equity securities	9,774	9,767
Accrued interest receivable	51,303	51,359
Liabilities:
Deposits	10,812,194	10,362,612
Borrowings	984,289	1,196,601
Subordinated debt	173,382	173,335
Accrued interest payable	43,616	9,997
Assets Fair Value:
Cash and cash equivalents	818,501	656,494
Securities AFS, net	821,701	226,158
Securities HTM	694,496	773,061
Loans, net	9,818,852	10,354,052
Investment in FHLB stock	24,610	25,358
Investment in equity securities	9,774	9,767
Liabilities Fair Value:
Deposits	10,782,901	10,349,272
Borrowings	984,289	1,176,601
Subordinated debt	132,928	153,121
Fair Value Measurement Level 1
Assets:
Accrued interest receivable	51,303	51,359
Liabilities:
Accrued interest payable	43,616	9,997
Assets Fair Value:
Cash and cash equivalents	818,501	656,494
Securities AFS, net	393,651	1,228
Liabilities Fair Value:
Deposits	7,833,509	8,483,770
Borrowings	84,289	1,176,601
Fair Value Measurement Level 2
Assets:
Investment in FHLB stock	24,610	25,358
Assets Fair Value:
Securities AFS, net	420,699	216,949
Securities HTM	694,496	773,061
Investment in FHLB stock	24,610	25,358
Liabilities Fair Value:
Deposits	2,949,392	1,865,502
Borrowings	900,000
Fair Value Measurement Level 3
Assets:
Investment in equity securities	9,774	9,767
Assets Fair Value:
Securities AFS, net	7,351	7,981
Loans, net	9,818,852	10,354,052
Investment in equity securities	9,774	9,767
Liabilities Fair Value:
Subordinated debt	$ 132,928	$ 153,121

SECURITIES - Summary of AFS Sec

SECURITIES - Summary of AFS Securities Portfolio (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Available For Sale Securities
Amortized Cost	$ 855,372		$ 253,085
Gross Unrealized gains	91		112
Gross Unrealized losses	(25,272)		(15,600)
Allowance for Credit Losses	(8,490)	$ (8,535)	(11,439)	$ (10,399)
Estimated Fair Value	821,701		226,158
Collateralized mortgage obligations
Schedule Of Available For Sale Securities
Amortized Cost	9,084		9,865
Gross Unrealized losses	(1,543)		(1,250)
Estimated Fair Value	7,541		8,615
Agency mortgage-backed securities
Schedule Of Available For Sale Securities
Amortized Cost	234,305		8,161
Gross Unrealized losses	(1,457)		(585)
Estimated Fair Value	232,848		7,576
Beneficial interest - FHLMC securitizations
Schedule Of Available For Sale Securities
Amortized Cost	14,696		19,415
Gross Unrealized gains	89		108
Gross Unrealized losses	(336)		(103)
Allowance for Credit Losses	(7,098)	(7,058)	(11,439)	$ (10,399)
Estimated Fair Value	7,351		7,981
Municipal bonds
Schedule Of Available For Sale Securities
Amortized Cost	49,579		50,232
Gross Unrealized losses	(5,426)		(3,442)
Allowance for Credit Losses	(1)
Estimated Fair Value	44,152		46,790
Corporate bonds
Schedule Of Available For Sale Securities
Amortized Cost	138,897		145,024
Gross Unrealized losses	(16,044)		(10,011)
Allowance for Credit Losses	(1,391)	$ (1,477)
Estimated Fair Value	121,462		135,013
U.S. Treasury
Schedule Of Available For Sale Securities
Amortized Cost	394,004		1,298
Gross Unrealized gains			1
Gross Unrealized losses	(353)		(71)
Estimated Fair Value	393,651		1,228
SBA securities
Schedule Of Available For Sale Securities
Amortized Cost	14,807		19,090
Gross Unrealized gains	2		3
Gross Unrealized losses	(113)		(138)
Estimated Fair Value	$ 14,696		$ 18,955

SECURITIES - Additional Informa

SECURITIES - Additional Information (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023 USD ($) instrument	Jun. 30, 2023 instrument	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Schedule Of Available For Sale Securities
Investment securities available for sale	$ 821,701		$ 821,701		$ 226,158
Estimated Fair Value	694,496		694,496		773,061
Allowance for credit losses reversed	85
Provision (Reversal) for Credit Losses	(45)		1,022	$ 1,120	1,040
Chargeoffs against allowance for credit losses - securities			3,971
U.S. Treasury
Schedule Of Available For Sale Securities
Investment securities available for sale	393,651		393,651		1,228
U.S. Treasury | Asset pledged as collateral
Schedule Of Available For Sale Securities
Investment securities available for sale	393,700		393,700
Agency mortgage-backed securities
Schedule Of Available For Sale Securities
Investment securities available for sale	232,848		232,848		7,576
Estimated Fair Value	694,496		694,496		773,061
Agency mortgage-backed securities | Asset pledged as collateral
Schedule Of Available For Sale Securities
Investment securities available for sale	225,700		225,700
Estimated Fair Value	880,700		880,700
SBA securities
Schedule Of Available For Sale Securities
Investment securities available for sale	14,696		14,696		18,955
SBA securities | Asset pledged as collateral
Schedule Of Available For Sale Securities
Investment securities available for sale	71,000		71,000
Corporate bonds
Schedule Of Available For Sale Securities
Investment securities available for sale	$ 121,462		121,462		135,013
Number of financial instruments impacted by credit loss | instrument	17	18
Provision (Reversal) for Credit Losses	$ (86)		1,391
Municipal bonds
Schedule Of Available For Sale Securities
Investment securities available for sale	$ 44,152		44,152		46,790
Number of financial instruments impacted by credit loss | instrument	1
Provision (Reversal) for Credit Losses	$ 1		1
Beneficial interest - FHLMC securitizations
Schedule Of Available For Sale Securities
Investment securities available for sale	7,351		7,351		7,981
Provision (Reversal) for Credit Losses	40		(370)		$ 1,040
Chargeoffs against allowance for credit losses - securities	$ 0		$ 3,971

SECURITIES - Summary of HTM Sec

SECURITIES - Summary of HTM Securities Portfolio (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2023
Schedule of Held-to-maturity Securities
Amortized Cost	$ 862,544	$ 800,742
Gross Unrealized Loss	(89,483)	(106,246)
Estimated Fair Value	773,061	694,496
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
Amortized Cost	862,544	800,742
Gross Unrealized Loss	(89,483)	(106,246)
Estimated Fair Value	$ 773,061	$ 694,496

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	Sep. 30, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value	$ 639,138	$ 181,741
Less than 12 months, Unrealized Loss	(1,363)	(10,508)
12 months or more, Fair Value	179,685	38,657
12 months or more, Unrealized Loss	(23,909)	(5,092)
Total, Fair Value	818,823	220,398
Total, Unrealized Loss	(25,272)	(15,600)
Collateralized mortgage obligations
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value		2
12 months or more, Fair Value	7,541	8,613
12 months or more, Unrealized Loss	(1,543)	(1,250)
Total, Fair Value	7,541	8,615
Total, Unrealized Loss	(1,543)	(1,250)
Agency mortgage-backed securities
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value	226,833	6,882
Less than 12 months, Unrealized Loss	(878)	(525)
12 months or more, Fair Value	6,016	696
12 months or more, Unrealized Loss	(579)	(60)
Total, Fair Value	232,849	7,578
Total, Unrealized Loss	(1,457)	(585)
Beneficial interest - FHLMC securitizations
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value		4,217
Less than 12 months, Unrealized Loss		(103)
12 months or more, Fair Value	4,093
12 months or more, Unrealized Loss	(336)
Total, Fair Value	4,093	4,217
Total, Unrealized Loss	(336)	(103)
Municipal bonds
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value	3,417	44,971
Less than 12 months, Unrealized Loss	(198)	(3,244)
12 months or more, Fair Value	40,735	1,819
12 months or more, Unrealized Loss	(5,228)	(198)
Total, Fair Value	44,152	46,790
Total, Unrealized Loss	(5,426)	(3,442)
Corporate bonds
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value	15,000	108,056
Less than 12 months, Unrealized Loss		(6,476)
12 months or more, Fair Value	107,853	26,957
12 months or more, Unrealized Loss	(16,044)	(3,535)
Total, Fair Value	122,853	135,013
Total, Unrealized Loss	(16,044)	(10,011)
U.S. Treasury
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value	392,819	376
Less than 12 months, Unrealized Loss	(286)	(23)
12 months or more, Fair Value	831	451
12 months or more, Unrealized Loss	(67)	(48)
Total, Fair Value	393,650	827
Total, Unrealized Loss	(353)	(71)
SBA securities
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value	1,069	17,237
Less than 12 months, Unrealized Loss	(1)	(137)
12 months or more, Fair Value	12,616	121
12 months or more, Unrealized Loss	(112)	(1)
Total, Fair Value	13,685	17,358
Total, Unrealized Loss	$ (113)	$ (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	Sep. 30, 2023	Dec. 31, 2022
Schedule of Held-to-maturity Securities
Less than 12 months, Fair Value		$ 394,619
Less than 12 months, Unrecognized Loss		(37,418)
12 months or more, Fair Value	$ 694,496	378,442
12 months or more, Unrecognized Loss	(106,246)	(52,065)
Total, Fair Value	694,496	773,061
Total, Unrecognized Loss	(106,246)	(89,483)
Agency mortgage-backed securities
Schedule of Held-to-maturity Securities
Less than 12 months, Fair Value		394,619
Less than 12 months, Unrecognized Loss		(37,418)
12 months or more, Fair Value	694,496	378,442
12 months or more, Unrecognized Loss	(106,246)	(52,065)
Total, Fair Value	694,496	773,061
Total, Unrecognized Loss	$ (106,246)	$ (89,483)

SECURITIES - Schedule of Allowa

SECURITIES - Schedule of Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Schedule Of Available For Sale Securities
Beginning Balance for period	$ 8,535	$ 11,439	$ 10,399	$ 10,399
Provision (Reversal) for Credit Losses	(45)	1,022	1,120	1,040
Charge-offs		(3,971)
Ending Balance for period	8,490	8,490		11,439
Municipal bonds
Schedule Of Available For Sale Securities
Provision (Reversal) for Credit Losses	1	1
Ending Balance for period	1	1
Beneficial interest - FHLMC securitizations
Schedule Of Available For Sale Securities
Beginning Balance for period	7,058	11,439	$ 10,399	10,399
Provision (Reversal) for Credit Losses	40	(370)		1,040
Charge-offs	0	(3,971)
Ending Balance for period	7,098	7,098		$ 11,439
Corporate bonds
Schedule Of Available For Sale Securities
Beginning Balance for period	1,477
Provision (Reversal) for Credit Losses	(86)	1,391
Ending Balance for period	$ 1,391	$ 1,391

SECURITIES - Scheduled Maturiti

SECURITIES - Scheduled Maturities of Securities AFS and the Related Weighted Average Yields (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities
Amortized cost, less than one year	$ 397,733	$ 6,321
Amortized cost, one through five years	71,452	53,939
Amortized cost, five through ten years	120,262	143,066
Amortized cost, after ten years	265,925	49,759
Amortized cost, total	$ 855,372	$ 253,085
Weighted average yield, less than one year	5.19%	4.36%
Weighted average yield, one through five years	5.45%	3.96%
Weighted average yield, five through ten years	3.28%	3.38%
Weighted average yield, after ten years	5.86%	1.91%
Weighted average yield, total	5.15%	3.24%
Estimated fair value, less than one year	$ 397,377	$ 6,314
Estimated fair value, one through five years	69,237	52,203
Estimated fair value, five through ten years	103,275	133,279
Estimated fair value, after ten years	260,302	45,801
Estimated fair value, total	830,191	237,597
Corporate bonds
Schedule Of Available For Sale Securities
Amortized cost, less than one year	5,026	6,006
Amortized cost, one through five years	45,441	28,993
Amortized cost, five through ten years	82,901	104,494
Amortized cost, after ten years	5,529	5,531
Amortized cost, total	138,897	145,024
Estimated fair value, less than one year	4,951	6,001
Estimated fair value, one through five years	44,368	28,022
Estimated fair value, five through ten years	69,792	96,734
Estimated fair value, after ten years	3,742	4,256
Estimated fair value, total	122,853	135,013
U.S. Treasury
Schedule Of Available For Sale Securities
Amortized cost, less than one year	392,706
Amortized cost, one through five years	1,298	1,298
Amortized cost, total	394,004	1,298
Estimated fair value, less than one year	392,425
Estimated fair value, one through five years	1,226	1,228
Estimated fair value, total	393,651	1,228
Agency mortgage-backed securities
Schedule Of Available For Sale Securities
Amortized cost, one through five years	4,960	4,384
Amortized cost, five through ten years		2,107
Amortized cost, after ten years	229,345	1,670
Amortized cost, total	234,305	8,161
Estimated fair value, one through five years	4,627	4,133
Estimated fair value, five through ten years		1,960
Estimated fair value, after ten years	228,221	1,483
Estimated fair value, total	232,848	7,576
Municipal bonds
Schedule Of Available For Sale Securities
Amortized cost, less than one year		301
Amortized cost, one through five years	9,676	8,002
Amortized cost, five through ten years	36,202	34,501
Amortized cost, after ten years	3,701	7,428
Amortized cost, total	49,579	50,232
Estimated fair value, less than one year		299
Estimated fair value, one through five years	8,948	7,565
Estimated fair value, five through ten years	32,388	32,690
Estimated fair value, after ten years	2,817	6,236
Estimated fair value, total	44,153	46,790
Beneficial interest - FHLMC securitizations
Schedule Of Available For Sale Securities
Amortized cost, one through five years	8,958	9,860
Amortized cost, after ten years	5,738	9,555
Amortized cost, total	14,696	19,415
Estimated fair value, one through five years	8,958	9,860
Estimated fair value, after ten years	5,491	9,560
Estimated fair value, total	14,449	19,420
SBA securities
Schedule Of Available For Sale Securities
Amortized cost, less than one year	1	14
Amortized cost, one through five years	1,119	1,402
Amortized cost, five through ten years	645	1,278
Amortized cost, after ten years	13,042	16,396
Amortized cost, total	14,807	19,090
Estimated fair value, less than one year	1	14
Estimated fair value, one through five years	1,110	1,395
Estimated fair value, five through ten years	643	1,272
Estimated fair value, after ten years	12,942	16,274
Estimated fair value, total	14,696	18,955
Collateralized mortgage obligations
Schedule Of Available For Sale Securities
Amortized cost, five through ten years	514	686
Amortized cost, after ten years	8,570	9,179
Amortized cost, total	9,084	9,865
Estimated fair value, five through ten years	452	623
Estimated fair value, after ten years	7,089	7,992
Estimated fair value, total	$ 7,541	$ 8,615

SECURITIES - Scheduled Maturi_2

SECURITIES - Scheduled Maturities of Securities HTM and the Related Weighted Average Yields (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
HTM - Amortized Cost
Amortized cost, one through five years	$ 3,465	$ 208
Amortized cost, five through ten years	14,411	17,689
Amortized cost, after ten years	782,866	844,647
Amortized cost, total	$ 800,742	$ 862,544
HTM - Weighted average yield
Weighted average yield, one through five years	0.84%	0.36%
Weighted average yield, five through ten years	1.36%	1.12%
Weighted average yield, after ten years	2.28%	2.31%
Weighted average yield, total	2.25%	2.28%
HTM - Estimated Fair Value
Estimated fair value, one through five years	$ 3,183	$ 192
Estimated fair value, five through ten years	12,730	16,148
Estimated fair value, after ten years	678,583	756,721
Estimated fair value, total	694,496	773,061
Agency mortgage-backed securities
HTM - Amortized Cost
Amortized cost, one through five years	3,465	208
Amortized cost, five through ten years	14,411	17,689
Amortized cost, after ten years	782,866	844,647
Amortized cost, total	800,742	862,544
HTM - Estimated Fair Value
Estimated fair value, one through five years	3,183	192
Estimated fair value, five through ten years	12,730	16,148
Estimated fair value, after ten years	678,583	756,721
Estimated fair value, total	$ 694,496	$ 773,061

LOANS - Summary of Loans (Detai

LOANS - Summary of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Loans
Total loans	$ 10,266,656	$ 10,709,180
Premiums, discounts and deferred fees and expenses	16,697	17,013
Total loans	10,283,353	10,726,193
Residential Properties
Loans
Total loans	6,219,642	6,377,224
Multifamily
Loans
Total loans	5,255,805	5,357,234
Single family
Loans
Total loans	963,837	1,019,990
Commercial real estate
Loans
Total loans	1,043,105	1,202,063
Land and construction
Loans
Total loans	140,665	157,630
Commercial and industrial loans
Loans
Total loans	2,877,441	2,984,748
Total loans	2,876,320	2,984,758
Consumer Loans
Loans
Total loans	3,545	4,481
Total loans	3,621	4,518
Real Estate Loans
Loans
Total loans	7,385,670	7,719,951
Real Estate Loans | Residential Properties
Loans
Total loans	6,200,524	6,358,094
Total loans	6,219,642	6,377,224
Real Estate Loans | Multifamily
Loans
Total loans	5,240,385	5,341,596
Real Estate Loans | Single family
Loans
Total loans	960,139	1,016,498
Real Estate Loans | Commercial real estate
Loans
Total loans	1,043,930	1,203,292
Total loans	1,043,105	1,202,063
Real Estate Loans | Land and construction
Loans
Total loans	141,216	158,565
Total loans	$ 140,665	$ 157,630

LOANS - Summary of Delinquent a

LOANS - Summary of Delinquent and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Loans
Nonaccrual Past Due and Still Accruing	$ 7,098	$ 10,331
Total	$ 10,283,353	$ 10,726,193
Percentage of Total Loans Due Nonaccrual	0.07%	0.10%
Financial Asset, Past Due
Loans
Total	$ 38,247	$ 31,087
Percentage of Total Loans	0.37%	0.29%
30-59 Days
Loans
Total	$ 12,652	$ 15,896
Percentage of Total Loans Due 30-59 Days	0.12%	0.15%
60-89 Days
Loans
Total	$ 16,326	$ 2,665
Percentage of Total Loans Due 60-89 Days	0.16%	0.02%
90 Days or More
Loans
Total	$ 2,171	$ 2,195
Percentage of Total Loans Due 90 Days or More	0.02%	0.02%
Financial Asset, Not Past Due
Loans
Total	$ 10,245,106	$ 10,695,106
Residential Properties
Loans
Total	6,219,642	6,377,224
Commercial real estate
Loans
Total	1,043,105	1,202,063
Land and construction
Loans
Total	140,665	157,630
Commercial and industrial loans
Loans
Nonaccrual Past Due and Still Accruing	3,017	3,228
Total	2,876,320	2,984,758
Commercial and industrial loans | Financial Asset, Past Due
Loans
Total	6,960	6,090
Commercial and industrial loans | 30-59 Days
Loans
Total	3,277	385
Commercial and industrial loans | 60-89 Days
Loans
Total	666	1,495
Commercial and industrial loans | 90 Days or More
Loans
Total		982
Commercial and industrial loans | Financial Asset, Not Past Due
Loans
Total	2,869,360	2,978,668
Consumer Loans
Loans
Total	3,621	4,518
Consumer Loans | Financial Asset, Past Due
Loans
Total	160	167
Consumer Loans | 30-59 Days
Loans
Total	160
Consumer Loans | 60-89 Days
Loans
Total		167
Consumer Loans | Financial Asset, Not Past Due
Loans
Total	3,461	4,351
Real Estate Loans | Residential Properties
Loans
Nonaccrual Past Due and Still Accruing	1,066	2,556
Total	6,219,642	6,377,224
Real Estate Loans | Residential Properties | Financial Asset, Past Due
Loans
Total	17,237	3,124
Real Estate Loans | Residential Properties | 30-59 Days
Loans
Total	511	511
Real Estate Loans | Residential Properties | 60-89 Days
Loans
Total	15,660	57
Real Estate Loans | Residential Properties | Financial Asset, Not Past Due
Loans
Total	6,202,405	6,374,100
Real Estate Loans | Commercial real estate
Loans
Nonaccrual Past Due and Still Accruing	3,015	4,547
Total	1,043,105	1,202,063
Real Estate Loans | Commercial real estate | Financial Asset, Past Due
Loans
Total	13,890	21,706
Real Estate Loans | Commercial real estate | 30-59 Days
Loans
Total	8,704	15,000
Real Estate Loans | Commercial real estate | 60-89 Days
Loans
Total		946
Real Estate Loans | Commercial real estate | 90 Days or More
Loans
Total	2,171	1,213
Real Estate Loans | Commercial real estate | Financial Asset, Not Past Due
Loans
Total	1,029,215	1,180,357
Real Estate Loans | Land and construction
Loans
Total	140,665	157,630
Real Estate Loans | Land and construction | Financial Asset, Not Past Due
Loans
Total	$ 140,665	$ 157,630

LOANS - Summary of Nonaccrual L

LOANS - Summary of Nonaccrual Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Loans
Nonaccrual with Allowance for Credit Losses	$ 3,262	$ 2,016
Nonaccrual with No Allowance for Credit Losses	3,837	8,315
Commercial and industrial loans
Loans
Nonaccrual with Allowance for Credit Losses	2,552	2,016
Nonaccrual with No Allowance for Credit Losses	466	1,212
Real Estate Loans | Residential Properties
Loans
Nonaccrual with Allowance for Credit Losses	710
Nonaccrual with No Allowance for Credit Losses	356	2,556
Real Estate Loans | Commercial real estate
Loans
Nonaccrual with No Allowance for Credit Losses	$ 3,015	$ 4,547

LOANS - Summary of Loan Modific

LOANS - Summary of Loan Modifications (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($) item
Financing Receivable Modifications
Amortized Cost Basis	$ 6,815
Amortized Cost Basis with Payment Default	$ 2,289
Loans Defaulted | item	2
Term Extension
Financing Receivable Modifications
Amortized Cost Basis	$ 5,770
Payment Deferral
Financing Receivable Modifications
Amortized Cost Basis	400
Amortized Cost Basis with Payment Default	$ 1,339
Loans Defaulted | item	1
Extended maturity and interest reduction
Financing Receivable Modifications
Amortized Cost Basis	$ 645
Amortized Cost Basis with Payment Default	$ 950
Loans Defaulted | item	1
Real Estate Loans
Financing Receivable Modifications
Amortized Cost Basis	$ 9,104
Real Estate Loans | 90 Days or More
Financing Receivable Modifications
Amortized Cost Basis	2,289
Real Estate Loans | Financial Asset, Not Past Due
Financing Receivable Modifications
Amortized Cost Basis	6,815
Commercial real estate loans
Financing Receivable Modifications
Amortized Cost Basis	$ 645
Total Class of Loans	0.10%
Commercial real estate loans | Real Estate Loans
Financing Receivable Modifications
Amortized Cost Basis	$ 645
Commercial real estate loans | Real Estate Loans | Financial Asset, Not Past Due
Financing Receivable Modifications
Amortized Cost Basis	645
Commercial real estate loans | Real Estate Loans | Extended maturity and interest reduction
Financing Receivable Modifications
Amortized Cost Basis	$ 645
Total Class of Loans	0.10%
Payment Deferral Term	10 years
Commercial and industrial loans
Financing Receivable Modifications
Amortized Cost Basis	$ 6,170
Total Class of Loans	0.20%
Commercial and industrial loans | Term Extension
Financing Receivable Modifications
Payment Deferral Term	3 months
Commercial and industrial loans | Payment Deferral
Financing Receivable Modifications
Payment Deferral Term	3 months
Commercial and industrial loans | Real Estate Loans
Financing Receivable Modifications
Amortized Cost Basis	$ 8,459
Amortized Cost Basis with Payment Default	$ 2,289
Loans Defaulted | item	2
Commercial and industrial loans | Real Estate Loans | 90 Days or More
Financing Receivable Modifications
Amortized Cost Basis	$ 2,289
Commercial and industrial loans | Real Estate Loans | Financial Asset, Not Past Due
Financing Receivable Modifications
Amortized Cost Basis	6,170
Commercial and industrial loans | Real Estate Loans | Term Extension
Financing Receivable Modifications
Amortized Cost Basis	$ 5,770
Total Class of Loans	0.20%
Commercial and industrial loans | Real Estate Loans | Payment Deferral
Financing Receivable Modifications
Amortized Cost Basis	$ 400
Amortized Cost Basis with Payment Default	$ 1,339
Loans Defaulted | item	1
Commercial and industrial loans | Real Estate Loans | Extended maturity and interest reduction
Financing Receivable Modifications
Amortized Cost Basis with Payment Default	$ 950
Loans Defaulted | item	1

LOANS - Composition of TDRs by

LOANS - Composition of TDRs by Accrual and Nonaccrual Status (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Loans
Troubled Debt Restructurings, Nonaccrual	$ 7,098	$ 10,331
Commercial and industrial loans
Loans
Troubled Debt Restructurings, Nonaccrual	$ 3,017	3,228
Principal Reduction And Extended Maturity
Loans
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
Loans
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
Loans
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	9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Financing Receivable Allowance For Credit Losses
Financing Receivable, Allowance for Credit Loss, Beginning Balance	$ 31,485	$ 33,731	$ 33,776	$ 33,776
Provision (Reversal) for Credit Losses	(1,922)	(1,998)		239
Charge-offs	(1,183)	(4,273)	(372)	(720)
Recoveries	815	1,735		436
Financing Receivable, Allowance for Credit Loss, Ending Balance	29,195	29,195		33,731
Residential Properties
Financing Receivable Allowance For Credit Losses
Financing Receivable, Allowance for Credit Loss, Beginning Balance	8,234	8,306	2,637	2,637
Provision (Reversal) for Credit Losses	140	68		5,674
Charge-offs				(5)
Financing Receivable, Allowance for Credit Loss, Ending Balance	8,374	8,374		8,306
Commercial real estate
Financing Receivable Allowance For Credit Losses
Financing Receivable, Allowance for Credit Loss, Beginning Balance	5,253	8,714	17,049	17,049
Provision (Reversal) for Credit Losses	(979)	(4,191)		(8,335)
Charge-offs		(249)
Financing Receivable, Allowance for Credit Loss, Ending Balance	4,274	4,274		8,714
Land and construction
Financing Receivable Allowance For Credit Losses
Financing Receivable, Allowance for Credit Loss, Beginning Balance	287	164	1,995	1,995
Provision (Reversal) for Credit Losses	(13)	110		(1,831)
Financing Receivable, Allowance for Credit Loss, Ending Balance	274	274		164
Commercial and industrial loans
Financing Receivable Allowance For Credit Losses
Financing Receivable, Allowance for Credit Loss, Beginning Balance	17,690	16,521	11,992	11,992
Provision (Reversal) for Credit Losses	(1,070)	2,019		4,804
Charge-offs	(1,183)	(4,022)		(711)
Recoveries	814	1,733		436
Financing Receivable, Allowance for Credit Loss, Ending Balance	16,251	16,251		16,521
Consumer Loans
Financing Receivable Allowance For Credit Losses
Financing Receivable, Allowance for Credit Loss, Beginning Balance	21	26	$ 103	103
Provision (Reversal) for Credit Losses		(4)		(73)
Charge-offs		(2)		(4)
Recoveries	1	2
Financing Receivable, Allowance for Credit Loss, Ending Balance	$ 22	$ 22		$ 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	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable Allowance For Credit Losses
Allowance for Credit Losses, Individually Evaluated for Impairment	$ 1,492		$ 5,043
Allowance for Credit Losses, Collectively Evaluated for Impairment	27,703		28,688
Total Allowance for Credit Losses	29,195	$ 31,485	33,731	$ 33,776
Loans, Individually Evaluated for Impairment	16,405		47,154
Loans, Collectively Evaluated for Impairment	10,266,948		10,679,039
Total loans	10,283,353		10,726,193
Residential Properties
Financing Receivable Allowance For Credit Losses
Allowance for Credit Losses, Individually Evaluated for Impairment	80		87
Allowance for Credit Losses, Collectively Evaluated for Impairment	8,294		8,219
Total Allowance for Credit Losses	8,374	8,234	8,306	2,637
Loans, Individually Evaluated for Impairment	1,952		3,479
Loans, Collectively Evaluated for Impairment	6,217,690		6,373,745
Total loans	6,219,642		6,377,224
Commercial real estate
Financing Receivable Allowance For Credit Losses
Allowance for Credit Losses, Individually Evaluated for Impairment	268		1,834
Allowance for Credit Losses, Collectively Evaluated for Impairment	4,006		6,880
Total Allowance for Credit Losses	4,274	5,253	8,714	17,049
Loans, Individually Evaluated for Impairment	10,625		34,278
Loans, Collectively Evaluated for Impairment	1,032,480		1,167,785
Total loans	1,043,105		1,202,063
Land and construction
Financing Receivable Allowance For Credit Losses
Allowance for Credit Losses, Collectively Evaluated for Impairment	274		164
Total Allowance for Credit Losses	274	287	164	1,995
Loans, Collectively Evaluated for Impairment	140,665		157,630
Total loans	140,665		157,630
Commercial and industrial loans
Financing Receivable Allowance For Credit Losses
Allowance for Credit Losses, Individually Evaluated for Impairment	1,144		3,122
Allowance for Credit Losses, Collectively Evaluated for Impairment	15,107		13,399
Total Allowance for Credit Losses	16,251	17,690	16,521	11,992
Loans, Individually Evaluated for Impairment	3,828		9,397
Loans, Collectively Evaluated for Impairment	2,872,492		2,975,361
Total loans	2,876,320		2,984,758
Consumer Loans
Financing Receivable Allowance For Credit Losses
Allowance for Credit Losses, Collectively Evaluated for Impairment	22		26
Total Allowance for Credit Losses	22	$ 21	26	$ 103
Loans, Collectively Evaluated for Impairment	3,621		4,518
Total loans	$ 3,621		$ 4,518

ALLOWANCE FOR CREDIT LOSSES - R

ALLOWANCE FOR CREDIT LOSSES - Risk Category of Loans Based on Year of Origination (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	$ 255,741	$ 4,120,524
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	3,979,318	2,444,776
Financing Receivable Originated Two Years Before Latest Fiscal Year	2,302,856	1,272,071
Financing Receivable Originated Three Years Before Latest Fiscal Year	1,173,214	524,695
Financing Receivable Originated Four Years Before Latest Fiscal Year	456,986	409,795
Prior	958,236	733,966
Revolving Loans	1,157,002	1,220,366
Total	10,283,353	10,726,193
Financing Receivable Recorded Investment
Gross charge-offs Originated In Current Fiscal Year	34
Gross charge-offs Originated In Fiscal Year Before Latest Fiscal Year	1,047
Gross charge-offs Originated Two Years Before Latest Fiscal Year	874
Gross charge-offs Originated Three Years Before Latest Fiscal Year	538
Gross charge-offs Originated Four Years Before Latest Fiscal Year	117
Gross charge-offs Prior	297
Gross charge-offs Revolving Loans	1,366
Gross charge-offs Total loans	4,273
Pass
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	255,741	4,114,605
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	3,979,103	2,416,053
Financing Receivable Originated Two Years Before Latest Fiscal Year	2,274,501	1,265,652
Financing Receivable Originated Three Years Before Latest Fiscal Year	1,165,409	499,087
Financing Receivable Originated Four Years Before Latest Fiscal Year	438,445	388,294
Prior	903,599	706,912
Revolving Loans	1,144,866	1,204,870
Total	10,161,664	10,595,473
Special mention
Financing Receivable Recorded Investment
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year		13,967
Financing Receivable Originated Two Years Before Latest Fiscal Year	27,199	3,552
Financing Receivable Originated Three Years Before Latest Fiscal Year	6,701	13,137
Financing Receivable Originated Four Years Before Latest Fiscal Year	5,679	21,501
Prior	42,088	9,450
Revolving Loans		5,598
Total	81,667	67,205
Substandard
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year		5,919
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	215	14,756
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,156	2,867
Financing Receivable Originated Three Years Before Latest Fiscal Year	1,104	12,471
Financing Receivable Originated Four Years Before Latest Fiscal Year	12,862
Prior	12,549	17,604
Revolving Loans	12,136	9,898
Total	40,022	63,515
Residential Properties
Financing Receivable Recorded Investment
Total	6,219,642	6,377,224
Multifamily
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	24,064	2,399,360
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	2,356,617	1,552,311
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,541,600	795,263
Financing Receivable Originated Three Years Before Latest Fiscal Year	781,098	306,691
Financing Receivable Originated Four Years Before Latest Fiscal Year	296,442	155,442
Prior	255,984	148,167
Total	5,255,805	5,357,234
Multifamily | Pass
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	24,064	2,399,360
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	2,356,617	1,552,311
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,540,345	795,263
Financing Receivable Originated Three Years Before Latest Fiscal Year	781,098	301,025
Financing Receivable Originated Four Years Before Latest Fiscal Year	290,865	145,675
Prior	245,232	146,622
Total	5,238,221	5,340,256
Multifamily | Special mention
Financing Receivable Recorded Investment
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,255
Financing Receivable Originated Three Years Before Latest Fiscal Year		5,666
Financing Receivable Originated Four Years Before Latest Fiscal Year	5,577	9,767
Prior	10,752	1,545
Total	17,584	16,978
Single family
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	13,662	270,589
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	260,643	276,244
Financing Receivable Originated Two Years Before Latest Fiscal Year	267,758	96,183
Financing Receivable Originated Three Years Before Latest Fiscal Year	92,856	40,010
Financing Receivable Originated Four Years Before Latest Fiscal Year	38,772	49,676
Prior	234,611	218,643
Revolving Loans	55,535	68,645
Total	963,837	1,019,990
Single family | Pass
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	13,662	270,589
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	260,643	276,244
Financing Receivable Originated Two Years Before Latest Fiscal Year	267,758	96,183
Financing Receivable Originated Three Years Before Latest Fiscal Year	92,856	40,010
Financing Receivable Originated Four Years Before Latest Fiscal Year	38,772	49,676
Prior	213,131	215,209
Revolving Loans	55,122	68,575
Total	941,944	1,016,486
Single family | Special mention
Financing Receivable Recorded Investment
Prior	19,674
Revolving Loans		25
Total	19,674	25
Single family | Substandard
Financing Receivable Recorded Investment
Prior	1,806	3,434
Revolving Loans	413	45
Total	2,219	3,479
Commercial real estate
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	17,133	229,422
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	220,871	186,164
Financing Receivable Originated Two Years Before Latest Fiscal Year	152,145	147,187
Financing Receivable Originated Three Years Before Latest Fiscal Year	126,093	111,709
Financing Receivable Originated Four Years Before Latest Fiscal Year	93,976	183,194
Prior	432,887	344,387
Total	1,043,105	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
Financing Receivable Originated In Current Fiscal Year	17,133	223,503
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	220,871	158,363
Financing Receivable Originated Two Years Before Latest Fiscal Year	150,796	144,105
Financing Receivable Originated Three Years Before Latest Fiscal Year	123,193	93,960
Financing Receivable Originated Four Years Before Latest Fiscal Year	82,461	171,460
Prior	410,961	325,048
Total	1,005,415	1,116,439
Commercial real estate | Special mention
Financing Receivable Recorded Investment
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year		13,425
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,232	2,340
Financing Receivable Originated Three Years Before Latest Fiscal Year	2,292	7,088
Financing Receivable Originated Four Years Before Latest Fiscal Year		11,734
Prior	11,662	7,905
Total	15,186	42,492
Commercial real estate | Substandard
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year		5,919
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year		14,376
Financing Receivable Originated Two Years Before Latest Fiscal Year	117	742
Financing Receivable Originated Three Years Before Latest Fiscal Year	608	10,661
Financing Receivable Originated Four Years Before Latest Fiscal Year	11,515
Prior	10,264	11,434
Total	22,504	43,132
Land and construction
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	17,769	43,846
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	44,271	58,268
Financing Receivable Originated Two Years Before Latest Fiscal Year	35,108	47,212
Financing Receivable Originated Three Years Before Latest Fiscal Year	35,626	854
Financing Receivable Originated Four Years Before Latest Fiscal Year	817	5,044
Prior	7,074	2,406
Total	140,665	157,630
Land and construction | Pass
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	17,769	43,846
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	44,271	58,268
Financing Receivable Originated Two Years Before Latest Fiscal Year	35,108	47,212
Financing Receivable Originated Three Years Before Latest Fiscal Year	35,626	854
Financing Receivable Originated Four Years Before Latest Fiscal Year	817	5,044
Prior	7,074	2,406
Total	140,665	157,630
Commercial and industrial loans
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	182,895	1,176,851
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	1,096,914	370,697
Financing Receivable Originated Two Years Before Latest Fiscal Year	305,448	186,226
Financing Receivable Originated Three Years Before Latest Fiscal Year	137,541	64,960
Financing Receivable Originated Four Years Before Latest Fiscal Year	26,675	16,306
Prior	27,617	20,294
Revolving Loans	1,099,230	1,149,424
Total	2,876,320	2,984,758
Financing Receivable Recorded Investment
Gross charge-offs Originated In Current Fiscal Year	34
Gross charge-offs Originated In Fiscal Year Before Latest Fiscal Year	1,047
Gross charge-offs Originated Two Years Before Latest Fiscal Year	874
Gross charge-offs Originated Three Years Before Latest Fiscal Year	538
Gross charge-offs Originated Four Years Before Latest Fiscal Year	117
Gross charge-offs Prior	48
Gross charge-offs Revolving Loans	1,364
Gross charge-offs Total loans	4,022
Commercial and industrial loans | Pass
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	182,895	1,176,851
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	1,096,699	369,775
Financing Receivable Originated Two Years Before Latest Fiscal Year	279,697	182,889
Financing Receivable Originated Three Years Before Latest Fiscal Year	132,636	62,767
Financing Receivable Originated Four Years Before Latest Fiscal Year	25,226	16,306
Prior	27,138	17,558
Revolving Loans	1,087,507	1,133,998
Total	2,831,798	2,960,144
Commercial and industrial loans | Special mention
Financing Receivable Recorded Investment
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year		542
Financing Receivable Originated Two Years Before Latest Fiscal Year	24,712	1,212
Financing Receivable Originated Three Years Before Latest Fiscal Year	4,409	383
Financing Receivable Originated Four Years Before Latest Fiscal Year	102
Revolving Loans		5,573
Total	29,223	7,710
Commercial and industrial loans | Substandard
Financing Receivable Recorded Investment
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	215	380
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,039	2,125
Financing Receivable Originated Three Years Before Latest Fiscal Year	496	1,810
Financing Receivable Originated Four Years Before Latest Fiscal Year	1,347
Prior	479	2,736
Revolving Loans	11,723	9,853
Total	15,299	16,904
Consumer Loans
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	218	456
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	2	1,092
Financing Receivable Originated Two Years Before Latest Fiscal Year	797
Financing Receivable Originated Three Years Before Latest Fiscal Year		471
Financing Receivable Originated Four Years Before Latest Fiscal Year	304	133
Prior	63	69
Revolving Loans	2,237	2,297
Total	3,621	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
Financing Receivable Originated In Current Fiscal Year	218	456
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	2	1,092
Financing Receivable Originated Two Years Before Latest Fiscal Year	797
Financing Receivable Originated Three Years Before Latest Fiscal Year		471
Financing Receivable Originated Four Years Before Latest Fiscal Year	304	133
Prior	63	69
Revolving Loans	2,237	2,297
Total	$ 3,621	$ 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	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable Allowance For Credit Losses
Total Allowance for Credit Losses	$ 29,195	$ 31,485	$ 33,731	$ 33,776
Residential Properties
Financing Receivable Allowance For Credit Losses
Total Allowance for Credit Losses	8,374	8,234	8,306	2,637
Commercial real estate
Financing Receivable Allowance For Credit Losses
Total Allowance for Credit Losses	4,274	5,253	8,714	17,049
Land and construction
Financing Receivable Allowance For Credit Losses
Total Allowance for Credit Losses	274	287	164	1,995
Commercial and industrial loans
Financing Receivable Allowance For Credit Losses
Total Allowance for Credit Losses	16,251	17,690	16,521	11,992
Consumer Loans
Financing Receivable Allowance For Credit Losses
Total Allowance for Credit Losses	22	$ 21	26	$ 103
Collateral Dependent Loans
Financing Receivable Allowance For Credit Losses
Amortized cost	5,451		6,494
Total Allowance for Credit Losses	958		630
Collateral Dependent Loans | Real Estate
Financing Receivable Allowance For Credit Losses
Amortized cost	2,911		5,606
Collateral Dependent Loans | Cash
Financing Receivable Allowance For Credit Losses
Amortized cost	250		250
Collateral Dependent Loans | Equipment/Receivables
Financing Receivable Allowance For Credit Losses
Amortized cost	2,290		638
Collateral Dependent Loans | Single family
Financing Receivable Allowance For Credit Losses
Amortized cost	356		2,435
Collateral Dependent Loans | Single family | Real Estate
Financing Receivable Allowance For Credit Losses
Amortized cost	356		2,435
Collateral Dependent Loans | Commercial real estate
Financing Receivable Allowance For Credit Losses
Amortized cost	2,555		3,171
Collateral Dependent Loans | Commercial real estate | Real Estate
Financing Receivable Allowance For Credit Losses
Amortized cost	2,555		3,171
Collateral Dependent Loans | Commercial and industrial loans
Financing Receivable Allowance For Credit Losses
Amortized cost	2,540		888
Total Allowance for Credit Losses	958		630
Collateral Dependent Loans | Commercial and industrial loans | Cash
Financing Receivable Allowance For Credit Losses
Amortized cost	250		250
Collateral Dependent Loans | Commercial and industrial loans | Equipment/Receivables
Financing Receivable Allowance For Credit Losses
Amortized cost	$ 2,290		$ 638

GOODWILL AND CORE DEPOSIT INT_2

GOODWILL AND CORE DEPOSIT INTANGIBLES (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
GOODWILL AND INTANGIBLES
Goodwill						$ 215,252
Goodwill impairment		$ 215,300		$ 215,252
Core Deposit
GOODWILL AND INTANGIBLES
Core deposit intangible assets	$ 5,300			5,300		$ 6,600
Core deposit intangible amortization expense	$ 400		$ 500	$ 1,200	$ 1,500
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 Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Servicing Assets at Fair Value [Line Items]
Mortgage servicing rights	$ 5,600		$ 5,600		$ 5,900
Loans serviced for other financial institution	986,700		986,700		1,100,000
Valuation allowance of mortgage servicing rights	8		8		$ 1,400
Servicing fees earned on loans	$ 600	$ 700	$ 1,900	$ 2,300
Contractually Specified Servicing Fee Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Noninterest Income Other Operating Income	Noninterest Income Other Operating Income	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	Sep. 30, 2023	Dec. 31, 2022
DEPOSITS
Demand deposits, Noninterest-bearing	$ 2,412,670	$ 2,736,691
Demand deposits, Interest-bearing	2,275,351	2,568,850
Money market and savings	3,150,696	3,178,230
Certificates of deposit	2,973,477	1,878,841
Total	$ 10,812,194	$ 10,362,612
Demand deposits, Interest-bearing, Weighted Average Rate	3.353%	3.109%
Money market and savings, Weighted Average Rate	3.652%	2.373%
Certificates of deposit, Weighted Average Rate	4.594%	3.741%
Total, Weighted Average Rate	3.033%	2.177%

DEPOSITS - Additional Informati

DEPOSITS - Additional Information (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
DEPOSITS
Certificates of deposits of $250,000 or more, maturities within one year	$ 457	$ 409
Certificates of deposits of $250,000 or more, maturities after one year	7	27
Certificates of deposits of $250,000 or more, total	464	436
Certificates of deposit of less than $ 250,000, maturities within one year	1,400	1,100
Certificates of deposit of less than $ 250,000, maturities after one year	1.1	345
Certificates of deposit of less than $250,000, total	$ 2,500	$ 1,400

BORROWINGS (Details)

BORROWINGS (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023 USD ($) Institution	Dec. 31, 2022 USD ($) Institution	Dec. 31, 2017 USD ($)
Borrowings
Federal funds purchased		$ 200,000
Long-term line of credit	$ 0	0
FHLB term advances interest rate	4.21%
Borrowing in term FHLB	$ 100,000
Federal Home Loan Bank, maximum borrowing capacity	2,000,000
FHLB advances		$ 805,000
Federal Home Loan Bank, additional credit available	310,000
Unsecured debt	$ 145,400
Number of financial institutions | Institution	4
Financial institutions with outstanding borrowings | Institution		1
Secured debt	$ 72,000
Securities pledged as collateral	$ 71,000	$ 186,300
Weighted average rate	8.30%
Notes Receivable Gross	$ 10,283,353	10,726,193
FHLB putable advances
Borrowings
Weighted average interest rate	3.74%
FHLB advances	$ 800,000
Minimum
Borrowings
Unsecured debt	400
Maximum
Borrowings
Unsecured debt	$ 100,000
Weighted Average | FHLB putable advances
Borrowings
Weighted average life	5 years 9 months
Revolving Credit Facility
Borrowings
Long-term line of credit	$ 12,000	20,000
Line of credit, borrowing capacity			$ 20,000
Revolving Credit Facility | Secured Overnight Financing Rate (SOFR)
Borrowings
Debt instrument basis point rate			0.50%
Asset pledged as collateral
Borrowings
Notes Receivable Gross	5,400,000
Subordinated notes due 2030
Borrowings
Secured debt		171,000
Unsecured federal funds
Borrowings
Unsecured debt	0	100,000
Additional unsecured debt		100,000
Federal reserve bank of San Francisco
Borrowings
Remaining borrowing capacity	$ 880,700
Federal reserve bank of San Francisco | Secured Overnight Financing Rate (SOFR)
Borrowings
Debt instrument basis point rate	10%
FFI
Borrowings
Long-term line of credit	$ 12,000	$ 20,000

SUBORDINATED DEBT (Details)

SUBORDINATED DEBT (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023 USD ($) item	Dec. 31, 2022 USD ($) item
Subordinated Debt
Number of subordinated notes | item	2	2
Current Principal Balance	$ 174,165
Carrying Value	$ 173,382	$ 173,335
Subordinated notes due 2032
Subordinated Debt
Current Interest Rate	3.50%
Current Principal Balance	$ 150,000
Carrying Value	$ 147,998	147,817
Subordinated notes due 2032 | Secured Overnight Financing Rate (SOFR)
Subordinated Debt
Current Interest Rate	2.04%
Subordinated notes due 2030
Subordinated Debt
Current Interest Rate	6%
Current Principal Balance	$ 24,165
Carrying Value	$ 25,384	$ 25,518
Subordinated notes due 2030 | Secured Overnight Financing Rate (SOFR)
Subordinated Debt
Current Interest Rate	5.90%

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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
EARNINGS PER SHARE
Net (loss) income, Basic	$ 2,180	$ 29,006	$ (201,612)	$ 93,158
Basic common shares outstanding	56,443,539	56,387,451	56,417,252	56,441,305
Net (loss) income per share, Basic	$ 0.04	$ 0.51	$ (3.57)	$ 1.65
Net (loss) income, Diluted	$ 2,180	$ 29,006	$ (201,612)	$ 93,158
Effect of options, restricted stock and contingent shares issuable	6,181	60,450		69,578
Diluted common shares outstanding	56,449,720	56,447,901	56,417,252	56,510,883
Net (loss) income per share, Diluted	$ 0.04	$ 0.51	$ (3.57)	$ 1.65

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - segment	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 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			9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information
Interest income	$ 144,765		$ 108,746	$ 427,093	$ 277,861
Interest expense	92,692		21,074	267,281	33,890
Net interest income	52,073		87,672	159,812	243,971
Provision (reversal) for credit losses	(2,015)		(22)	(711)	(641)
Noninterest income	11,698		12,184	35,475	41,011
Noninterest expense	64,206		60,342	396,310	156,765
Goodwill impairment		$ 215,300		215,252
Operating	64,206			181,058
Income (loss) before income taxes	1,580		39,536	(200,312)	128,858
Income tax (benefit) expense	(600)		10,530	1,300	35,700
Net Income (Loss)	2,180		29,006	(201,612)	93,158
Operating Segments | Banking
Segment Reporting Information
Interest income	144,765		108,746	427,093	277,861
Interest expense	90,960		19,281	261,948	29,170
Net interest income	53,805		89,465	165,145	248,691
Provision (reversal) for credit losses	(2,015)		(22)	(711)	(641)
Noninterest income	4,557		5,730	14,425	19,118
Noninterest expense			53,571		135,704
Goodwill impairment				215,252
Operating	57,987			160,332
Income (loss) before income taxes	2,390		41,646	(195,303)	132,746
Income tax (benefit) expense	(409)		11,208	2,672	36,816
Net Income (Loss)	2,799		30,438	(197,975)	95,930
Operating Segments | Wealth Management
Segment Reporting Information
Noninterest income	7,522		6,865	22,228	23,190
Noninterest expense			6,380		19,213
Operating	5,262			16,944
Income (loss) before income taxes	2,260		485	5,284	3,977
Income tax (benefit) expense	659		146	1,552	1,168
Net Income (Loss)	1,601		339	3,732	2,809
Other.
Segment Reporting Information
Interest expense	1,732		1,793	5,333	4,720
Net interest income	(1,732)		(1,793)	(5,333)	(4,720)
Noninterest income	(381)		(411)	(1,178)	(1,297)
Noninterest expense			391		1,848
Operating	957			3,782
Income (loss) before income taxes	(3,070)		(2,595)	(10,293)	(7,865)
Income tax (benefit) expense	(850)		(824)	(2,924)	(2,284)
Net Income (Loss)	$ (2,220)		$ (1,771)	$ (7,369)	$ (5,581)

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event	Oct. 26, 2023 $ / shares
Subsequent Events
Dividends payable, date declared	Oct. 26, 2023
Dividends payable, amount per share	$ 0.01
Dividends payable, date to be paid	Nov. 16, 2023
Dividends payable, date of record	Nov. 06, 2023

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 2,180	$ 29,006	$ (201,612)	$ 93,158

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 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