First Foundation (FFWM) 10-Q 9 May 24 2024 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2024	May 02, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
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	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		56,511,864
Amendment Flag	false
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001413837

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 1,588,036	$ 1,326,629
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	797,215	703,226
Securities held-to-maturity ("HTM")	775,702	789,578
Loans held for investment	10,086,346	10,177,802
Allowance for credit losses - loans	(29,295)	(29,205)
Net loans	10,057,051	10,148,597
Investment in FHLB stock	36,668	24,613
Accrued interest receivable	53,446	54,163
Deferred taxes	33,565	29,142
Premises and equipment, net	40,019	39,925
Real estate owned ("REO")	6,210	8,381
Bank owned life insurance	48,978	48,653
Core deposit intangibles	4,578	4,948
Derivative assets	6,035
Other assets	138,772	149,393
Total Assets	13,586,275	13,327,248
Liabilities:
Deposits	10,638,970	10,688,932
Borrowings	1,705,493	1,409,056
Subordinated debt	173,413	173,397
Accounts payable and other liabilities	139,665	130,520
Total Liabilities	12,657,541	12,401,905
Shareholders' Equity
Common Stock	57	56
Additional paid-in-capital	721,362	720,899
Retained earnings	218,802	218,575
Accumulated other comprehensive loss	(11,487)	(14,187)
Total Shareholders' Equity	928,734	925,343
Total Liabilities and Shareholders' Equity	$ 13,586,275	$ 13,327,248

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
CONSOLIDATED BALANCE SHEETS
Amortized Cost	$ 828,568	$ 731,489
Allowance for credit losses	$ 7,911	$ 8,220	$ 12,288	$ 11,439

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income:
Loans	$ 118,444	$ 120,643
Securities	19,774	6,891
FHLB Stock, fed funds sold and interest-bearing deposits	12,235	9,466
Total interest income	150,453	137,000
Interest expense:
Deposits	94,492	62,140
Borrowings	15,870	14,415
Subordinated debt	1,705	1,690
Total interest expense	112,067	78,245
Net interest income	38,386	58,755
Provision for credit losses	577	417
Net interest income after provision for credit losses	37,809	58,338
Noninterest income:
Asset management, consulting and other fees	$ 8,614	$ 8,796
Type of Revenue [Extensible List]	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember
Gain on sale of loans	$ 263	$ 0
Gain on sale of securities available-for-sale	221
Capital market activities	836
Gain on sale of REO	679
Other income	2,070	2,902
Total noninterest income	12,683	11,698
Noninterest expense:
Compensation and benefits	19,407	25,286
Occupancy and depreciation	9,087	8,897
Professional services and marketing costs	3,390	4,295
Customer service costs	10,738	16,715
Other expenses	7,987	4,147
Total noninterest expense	50,609	59,340
(Loss) income before income taxes	(117)	10,696
Income tax (benefit) expense	(910)	2,200
Net income	$ 793	$ 8,496
Net income per share:
Basic (in dollars per share)	$ 0.01	$ 0.15
Diluted (in dollars per share)	$ 0.01	$ 0.15
Shares used in computation:
Basic (in shares)	56,484,655	56,376,669
Diluted (in shares)	56,503,875	56,410,416

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS 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, 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)			8,496		8,496
Other comprehensive loss				(2,592)	(2,592)
Stock based compensation		32			32
Cash dividend			(6,199)		(6,199)
Exercise of options		157			157
Exercise of options (in shares)	19,500
Stock grants - vesting of restricted stock units (in shares)	114,592
Repurchase of shares from restricted shares vesting		(534)			(534)
Repurchase of shares from restricted shares vesting (in shares)	(35,058)
Ending balance at Mar. 31, 2023	$ 56	719,261	428,956	(14,535)	1,133,738
Ending balance (in shares) at Mar. 31, 2023	56,424,276
Beginning balance at Dec. 31, 2023	$ 56	720,899	218,575	(14,187)	925,343
Beginning balance (in shares) at Dec. 31, 2023	56,467,623
Net Income (Loss)			793		793
Other comprehensive loss				2,700	2,700
Stock based compensation		605			605
Cash dividend			(566)		(566)
Stock grants - vesting of restricted stock units (in shares)	62,262
Repurchase of shares from restricted shares vesting		(142)			(142)
Repurchase of shares from restricted shares vesting (in shares)	(18,021)
Other	$ 1				1
Ending balance at Mar. 31, 2024	$ 57	$ 721,362	$ 218,802	$ (11,487)	$ 928,734
Ending balance (in shares) at Mar. 31, 2024	56,511,864

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED
Net Income (Loss)	$ 793	$ 8,496
Other comprehensive income (loss), net of tax:
Unrealized holding losses on securities arising during the period	(3,208)	(2,825)
Credit loss (income) expense	(84)	849
Net unrealized holding losses on securities arising during the period	(3,292)	(1,976)
Reclassification adjustment for gain included in net income	208
Total change in unrealized loss on available-for-sale securities	(3,084)	(1,976)
Realized gain on cash flow hedge	788
Unrealized gain arising during this period	4,902
Amortization of unrealized gain (loss) on securities transferred from available-for-sale to held-to-maturity	94	(616)
Total other comprehensive income (loss)	2,700	(2,592)
Total comprehensive income	$ 3,493	$ 5,904

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Cash Flows from Operating Activities:
Net income	$ 793	$ 8,496
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Provision (reversal) for credit losses	885	(432)
Provision (reversal) for credit losses - securities AFS	(309)	849	$ 752
Recovery of allowance for credit losses	152	306
Stock-based compensation expense	605	32
Depreciation and amortization	1,190	1,104
Deferred tax (benefit) expense	(3,429)	2,761
Amortization of (discount) premium on securities	(10,658)	(173)
Amortization of core deposit intangible	370	434
Amortization of mortgage servicing rights - net	747	599
Gain on sale of REO	(679)
Gain on sale of loans	(263)	0
Gain on sale of securities available-for-sale	(221)
Gain from hedging activities	(836)
Amortization of OCI - securities transfer to HTM	(94)	616
Valuation allowance on mortgage servicing rights - net		(672)
Decrease in accrued interest receivable and other assets	10,434	7,657
Increase (decrease) in accounts payable and other liabilities	8,524	(11,792)
Net cash provided by operating activities	7,211	9,785
Cash Flows from Investing Activities:
Net decrease in loans	87,232	54,387
Proceeds from sale of loans	3,994
Proceeds from sale of REO	2,850
Purchase of premises and equipment	(1,285)	(2,494)
Disposals of premises and equipment	1
Purchases of securities AFS	(1,135,662)
Proceeds from sale of securities available-for-sale	643,527
Maturities of securities AFS	406,183	9,184
Maturities of securities HTM	13,628	15,948
Net increase in FHLB stock	(12,055)	(33,358)
Net cash provided by investing activities	8,413	43,667
Cash Flows from Financing Activities:
Decrease in deposits	(49,962)	(310,906)
Net increase in FHLB & FRB advances	284,410	995,000
Net increase in subordinated debt	16	15
Net increase (decrease) in repurchase agreements	12,027	(70,351)
Dividends paid	(566)	(6,199)
Proceeds from exercise of stock options		158
Repurchase of stock	(142)	(534)
Net cash provided by financing activities	245,783	607,183
Increase in cash and cash equivalents	261,407	660,635
Cash and cash equivalents at beginning of year	1,326,629	656,494	656,494
Cash and cash equivalents at end of period	1,588,036	1,317,129	1,326,629
Supplemental disclosures of cash flow information:
Interest	15,422	65,720
Noncash transactions:
Right of use lease assets and liabilities recognized	168	172
Chargeoffs against allowance for credit losses - loans	$ 493	$ 2,003	$ 5,249

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024 and December 31, 2023, and for the three months ended March 31, 2024 and 2023, 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 2024 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, 2023. 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, 2023 filed with the SEC, except for those described below. Derivative Asset (Cash Flow Hedge). Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities’ The cash flow hedge is classified as derivative assets in the accompanying consolidated balance sheets. The earnings and cash flow impact from this derivative asset are classified as an offset to interest expense which is consistent with the underlying hedged item. New Accounting Pronouncements In June 2022, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions”. In November 2023, FASB issued ASU 2023-07, “Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures”. Segment Reporting

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024: ​ ​ ​ ​ Investment securities available-for-sale: ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 10,343 ​ $ — ​ $ 10,343 ​ $ — Agency mortgage-backed securities ​ 596,279 ​ — ​ 596,279 ​ — Municipal bonds ​ 46,289 ​ — ​ 46,289 ​ — SBA securities ​ ​ 12,117 ​ ​ — ​ ​ 12,117 ​ ​ — Beneficial interests in FHLMC securitization ​ ​ 7,141 ​ ​ — ​ ​ — ​ ​ 7,141 Corporate bonds ​ 123,797 ​ — ​ 123,797 ​ — U.S. Treasury ​ ​ 1,249 ​ ​ 1,249 ​ ​ — ​ ​ — Investment in equity securities ​ 11,776 ​ — ​ — ​ 11,776 Total assets at fair value on a recurring basis ​ $ 808,991 ​ $ 1,249 ​ $ 788,825 ​ $ 18,917 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flow hedge ​ $ 6,035 ​ $ — ​ $ 6,035 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment securities available-for-sale: ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 7,605 ​ $ — ​ $ 7,605 ​ $ — Agency mortgage-backed securities ​ ​ 107,347 ​ ​ — ​ ​ 107,347 ​ ​ — Municipal bonds ​ 46,436 ​ — ​ 46,436 ​ — SBA securities ​ 13,527 ​ — ​ 13,527 ​ — Beneficial interests in FHLMC securitization ​ 7,242 ​ — ​ — ​ 7,242 Corporate bonds ​ ​ 122,279 ​ ​ — ​ ​ 122,279 ​ ​ — U.S. Treasury ​ 398,790 ​ 398,790 ​ — ​ — Investment in equity securities ​ 11,768 ​ — ​ — ​ 11,768 Total assets at fair value on a recurring basis ​ $ 714,994 ​ $ 398,790 ​ $ 297,194 ​ $ 19,010 ​ The decrease in Level 3 assets from December 31, 2023 was primarily due to a $0.1 million increase in unrealized losses on the beneficial interests in FHLMC portfolio for the first three months of 2024. 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 The total collateral dependent impaired Level 3 loans were $5.7 million and $18.7 million at March 31, 2024 and December 31, 2023, respectively. There were no specific reserves related to these loans at March 31, 2024 and December 31, 2023. Real Estate Owned (REO) Mortgage Servicing Rights. Fair Value of Financial Instruments FASB ASC 825-10, “Disclosures about Fair Value of Financial Instruments” Fair value estimates are made at a discrete point in time based on relevant market information and other information about the financial instruments. Because no active market exists for a significant portion of our financial instruments, fair value estimates are based in large part on judgments we make primarily regarding current economic conditions, risk characteristics of various financial instruments, prepayment rates, and future expected loss experience. These estimates are subjective in nature and invariably involve some inherent uncertainties. Additionally, unexpected changes in events or circumstances can occur that could require us to make changes to our assumptions and which, in turn, could significantly affect and require us to make changes to our previous estimates of fair value. In addition, the fair value estimates are based on existing on and off-balance sheet financial instruments without attempting to estimate the value of existing and anticipated future customer relationships and the value of assets and liabilities that are not considered financial instruments, such as premises and equipment and other real estate owned. The following methods and assumptions were used to estimate the fair value of financial instruments: Cash and Cash Equivalents Interest-Bearing Deposits with Financial Institutions. Investment Securities Available-for-Sale. Investment Securities Held-to-Maturity. Investment in Equity Securities. Investment in Federal Home Loan Bank Stock. Loans Held for Investment Accrued Interest Receivable. Derivative Assets (Cash Flow Hedge). value of this derivative asset is based on a discounted cash flow approach. The observable nature of the inputs used in deriving its fair value results in a Level 2 classification. Deposits Borrowings Subordinated Debt. Accrued Interest Payable. The following table sets forth the estimated fair values and related carrying amounts of our financial instruments as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Fair Value Measurement Level (dollars in thousands) ​ Value ​ 1 ​ 2 ​ 3 ​ Total March 31, 2024: ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,588,036 ​ $ 1,588,036 ​ $ — ​ $ — ​ $ 1,588,036 Securities AFS, net ​ 797,215 ​ 1,249 ​ 788,825 ​ 7,141 ​ 797,215 Securities HTM ​ ​ 775,702 ​ ​ — ​ ​ 690,760 ​ ​ — ​ ​ 690,760 Loans, net ​ 10,057,051 ​ — ​ — ​ 9,604,899 ​ 9,604,899 Investment in FHLB stock ​ 36,668 ​ — ​ 36,668 ​ — ​ 36,668 Investment in equity securities ​ 11,776 ​ — ​ — ​ 11,776 ​ 11,776 Accrued interest receivable ​ ​ 53,446 ​ ​ 53,446 ​ ​ — ​ ​ — ​ ​ 53,446 Derivative assets ​ ​ 6,035 ​ ​ — ​ ​ 6,035 ​ ​ — ​ ​ 6,035 Liabilities: ​ ​ ​ ​ ​ Deposits ​ $ 10,638,970 ​ $ 7,921,615 ​ $ 2,705,671 ​ $ — ​ $ 10,627,286 Borrowings ​ 1,705,493 ​ 905,493 ​ 800,000 ​ — ​ 1,705,493 Subordinated debt ​ ​ 173,413 ​ ​ — ​ ​ — ​ ​ 136,514 ​ ​ 136,514 Accrued interest payable ​ ​ 44,342 ​ ​ 44,342 ​ ​ — ​ ​ — ​ ​ 44,342 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,326,629 ​ $ 1,326,629 ​ $ — ​ $ — ​ $ 1,326,629 Securities AFS, net ​ 703,226 ​ 398,790 ​ 297,194 ​ 7,242 ​ 703,226 Securities HTM ​ ​ 789,578 ​ ​ — ​ ​ 710,021 ​ ​ — ​ ​ 710,021 Loans, net ​ 10,148,597 ​ — ​ — ​ 9,827,508 ​ 9,827,508 Investment in FHLB stock ​ 24,613 ​ — ​ 24,613 ​ — ​ 24,613 Investment in equity securities ​ 11,768 ​ — ​ — ​ 11,768 ​ 11,768 Accrued interest receivable ​ ​ 54,163 ​ ​ 54,163 ​ ​ — ​ ​ — ​ ​ 54,163 Liabilities: ​ ​ ​ ​ ​ ​ Deposits ​ $ 10,688,932 ​ $ 7,545,262 ​ $ 3,145,870 ​ $ — ​ $ 10,691,132 Borrowings ​ 1,409,056 ​ 609,056 ​ 800,000 ​ — ​ 1,409,056 Subordinated debt ​ ​ 173,397 ​ ​ — ​ ​ — ​ ​ 136,002 ​ ​ 136,002 Accrued interest payable ​ 42,177 ​ 42,177 ​ — ​ — ​ 42,177 ​

SECURITIES

SECURITIES	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 11,705 ​ $ — ​ $ (1,362) ​ $ — ​ $ 10,343 Agency mortgage-backed securities ​ ​ 600,907 ​ ​ — ​ ​ (4,628) ​ ​ — ​ ​ 596,279 Municipal bonds ​ ​ 49,369 ​ ​ — ​ ​ (3,080) ​ ​ — ​ ​ 46,289 SBA securities ​ ​ 12,225 ​ ​ 2 ​ ​ (110) ​ ​ — ​ ​ 12,117 Beneficial interests in FHLMC securitization ​ 14,240 ​ ​ — ​ ​ (506) ​ ​ (6,593) ​ 7,141 Corporate bonds ​ 138,823 ​ ​ — ​ ​ (13,708) ​ ​ (1,318) ​ 123,797 U.S. Treasury ​ 1,299 ​ ​ — ​ ​ (50) ​ ​ — ​ 1,249 Total ​ $ 828,568 ​ $ 2 ​ $ (23,444) ​ $ (7,911) ​ $ 797,215 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 8,946 ​ $ — ​ $ (1,341) ​ $ — ​ $ 7,605 Agency mortgage-backed securities ​ ​ 106,733 ​ ​ 1,028 ​ ​ (414) ​ ​ — ​ ​ 107,347 Municipal bonds ​ ​ 49,473 ​ ​ — ​ ​ (3,037) ​ ​ — ​ ​ 46,436 SBA securities ​ ​ 13,631 ​ ​ 2 ​ ​ (106) ​ ​ — ​ ​ 13,527 Beneficial interests in FHLMC securitization ​ 14,473 ​ 4 ​ (418) ​ (6,818) ​ 7,241 Corporate bonds ​ 138,858 ​ — ​ (15,176) ​ (1,402) ​ 122,280 U.S. Treasury ​ 399,375 ​ — ​ (585) ​ — ​ 398,790 Total ​ $ 731,489 ​ $ 1,034 ​ $ (21,077) ​ $ (8,220) ​ $ 703,226 ​ 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 March 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ 775,702 ​ $ — ​ $ (84,942) ​ $ — ​ $ 690,760 Total ​ $ 775,702 ​ $ — ​ $ (84,942) ​ $ — ​ $ 690,760 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ 789,578 ​ $ 1 ​ $ (79,558) ​ $ — ​ $ 710,021 Total ​ $ 789,578 ​ $ 1 ​ $ (79,558) ​ $ — ​ $ 710,021 ​ As of March 31, 2024, the tables above include $541.9 million in agency mortgage-backed securities pledged as collateral to the state of Florida to meet regulatory requirements; $1.2 million in U.S. Treasury securities pledged as collateral to various states to meet regulatory requirements related to the Bank’s trust operations; $260.8 million of agency mortgage-backed securities pledged as collateral as support for the Bank’s obligations under loan sales and securitization agreements entered into from 2018 and 2021; and $80.0 million in securities consisting of SBA securities, collateralized mortgage obligations, and agency mortgage-backed securities pledged as collateral for repurchase agreements obtained from a prior bank acquisition. A total of $444.5 million in SBA and agency mortgage-backed securities, collateralized mortgage obligations, corporate and municipal bonds are pledged as collateral to the Federal Reserve Bank’s discount window and bank term funding program from which the Bank may borrow. We monitor the credit quality of these securities 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 United States 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 March 31, 2024, all of the Company’s securities were either investment grade or were issued by a U.S. government agency or GSE with an investment grade rating, with the exception of two corporate bonds having a combined market value of $31.5 million which were below investment grade. The tables below indicate the gross unrealized losses and fair values of our securities AFS portfolio, 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 March 31, 2024 ​ ​ 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 ​ $ 2,879 ​ $ (60) ​ $ 7,464 ​ $ (1,302) ​ $ 10,343 ​ $ (1,362) Agency mortgage-backed securities ​ ​ 591,018 ​ ​ (4,199) ​ ​ 5,261 ​ ​ (429) ​ ​ 596,279 ​ ​ (4,628) Municipal bonds ​ ​ 2,271 ​ ​ (34) ​ ​ 42,708 ​ ​ (3,046) ​ ​ 44,979 ​ ​ (3,080) SBA securities ​ ​ 65 ​ ​ — ​ ​ 10,627 ​ ​ (110) ​ ​ 10,692 ​ ​ (110) Beneficial interests in FHLMC securitization ​ ​ 1,308 ​ ​ (21) ​ ​ 3,992 ​ ​ (485) ​ ​ 5,300 ​ ​ (506) Corporate bonds ​ ​ 28,435 ​ ​ (1,565) ​ ​ 96,680 ​ ​ (12,143) ​ ​ 125,115 ​ ​ (13,708) U.S. Treasury ​ ​ 398 ​ ​ (2) ​ ​ 851 ​ ​ (48) ​ ​ 1,249 ​ ​ (50) Total ​ $ 626,374 ​ $ (5,881) ​ $ 167,583 ​ $ (17,563) ​ $ 793,957 ​ $ (23,444) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities with Unrealized Loss at December 31, 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 $ — $ — $ 7,606 $ (1,341) $ 7,606 $ (1,341) Agency mortgage-backed securities ​ ​ — ​ ​ — ​ ​ 5,710 ​ ​ (414) ​ ​ 5,710 ​ ​ (414) Municipal bonds ​ ​ 1,779 ​ ​ (26) ​ ​ 42,847 ​ ​ (3,011) ​ ​ 44,626 ​ ​ (3,037) SBA securities ​ ​ 353 ​ ​ — ​ ​ 12,025 ​ ​ (106) ​ ​ 12,378 ​ ​ (106) Beneficial interests in FHLMC securitization ​ ​ — ​ ​ — ​ ​ 4,041 ​ ​ (418) ​ ​ 4,041 ​ ​ (418) Corporate bonds ​ ​ 14,847 ​ ​ (153) ​ ​ 108,832 ​ ​ (15,023) ​ ​ 123,679 ​ ​ (15,176) U.S. Treasury ​ 397,942 ​ (534) ​ 848 ​ (51) ​ 398,790 ​ (585) Total ​ $ 414,921 ​ $ (713) ​ $ 181,909 ​ $ (20,364) ​ $ 596,830 ​ $ (21,077) ​ Unrealized losses in the securities AFS portfolio have not been recognized into income because the securities are either of high credit quality, management does not intend to sell, it is not more likely than not that management would be required to sell the securities prior to their anticipated recovery, or 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 value 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 March 31, 2024 ​ ​ 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 ​ $ 19,455 ​ $ (111) ​ $ 671,305 ​ $ (84,831) ​ $ 690,760 ​ $ (84,942) Total ​ $ 19,455 ​ $ (111) ​ $ 671,305 ​ $ (84,831) ​ $ 690,760 ​ $ (84,942) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities with Unrecognized Loss at December 31, 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 ​ $ — ​ $ — ​ $ 689,454 ​ $ (79,558) ​ $ 689,454 ​ $ (79,558) Total ​ $ — ​ $ — ​ $ 689,454 ​ $ (79,558) ​ $ 689,454 ​ $ (79,558) ​ During the quarter ended March 31, 2024, securities available-for-sale totaling $1.0 billion were sold or matured, resulting in a gain on sale of securities available-for-sale of $221 thousand. There were no security sales during the quarter ended March 31, 2023. 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 March 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beneficial interests in FHLMC securitization ​ $ 6,818 ​ $ (225) ​ $ — ​ $ — ​ $ 6,593 Corporate bonds ​ ​ 1,402 ​ ​ (84) ​ ​ — ​ ​ — ​ ​ 1,318 Total $ 8,220 $ (309) $ — $ — $ 7,911 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beneficial interests in FHLMC securitization ​ $ 11,439 ​ $ (124) ​ $ — ​ $ — ​ $ 11,315 Corporate bonds ​ ​ — ​ ​ 973 ​ ​ — ​ ​ — ​ ​ 973 Total $ 11,439 $ 849 $ — $ — $ 12,288 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beneficial interests in FHLMC securitization ​ $ 11,439 ​ $ (650) ​ $ (3,971) ​ $ — ​ $ 6,818 Corporate bonds ​ ​ — ​ ​ 1,402 ​ ​ — ​ ​ — ​ ​ 1,402 Total $ 11,439 $ 752 $ (3,971) $ — $ 8,220 ​ During the three month periods ending March 31, 2024 and March 31, 2023, the Company recorded a provision (reversal) for credit losses of ($309) thousand and $849 thousand, respectively. The ACL on investment securities is determined for both held-to-maturity and available-for-sale classifications of the investment portfolio in accordance with ASC 326, and is evaluated on a quarterly basis. The ACL for held-to- maturity investment securities is determined on a collective basis, based on shared risk characteristics, and is determined at the individual security level when the Company deems a security to no longer possess shared risk characteristics. Under ASC 326-20, for investment securities where the Company has reason to believe the credit loss exposure is remote, such as those guaranteed by the U.S. government or government sponsored entities, a zero-loss expectation is applied and a company is not required to estimate and recognize an ACL. The ACL related to held-to-maturity investment securities was zero at March 31, 2024. 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’s 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 (loss), 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. As of March 31, 2024, the analysis concluded and the Company concurred that seventeen corporate bonds were impacted by credit loss, for which ($84) thousand was recorded as reversal of provision to the ACL related to available-for-sale securities and that no municipal bond securities were impacted by credit loss. For the three-month periods ended March 31, 2024 and March 31, 2023, there were no charge-offs recorded. For the year ended December 31, 2023, the Company recorded charge-offs of $4.0 million related to several interest-only strip securities. The ACL related to available-for-sale securities totaled $7.9 million and $8.2 million as of March 31, 2024 and December 31, 2023, respectively. The amortized cost and fair value of investment securities AFS by contractual maturity were as follows for the periods indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 Year or More than 1 Year More than 5 Years More than ​ ​ (dollars in thousands) ​ Less ​ through 5 Years ​ through 10 Years ​ 10 Years ​ Total March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost: ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ 455 ​ $ — ​ $ 11,250 ​ $ 11,705 ​ Agency mortgage-backed securities ​ ​ 87 ​ ​ 3,997 ​ ​ — ​ ​ 596,823 ​ ​ 600,907 ​ Municipal bonds ​ ​ — ​ ​ 11,423 ​ ​ 34,962 ​ ​ 2,984 ​ ​ 49,369 ​ SBA securities ​ ​ — ​ ​ 838 ​ ​ 588 ​ ​ 10,799 ​ ​ 12,225 ​ Beneficial interests in FHLMC securitization ​ ​ 3,243 ​ ​ 5,190 ​ ​ — ​ ​ 5,807 ​ ​ 14,240 ​ Corporate bonds ​ ​ 5,000 ​ ​ 61,949 ​ ​ 66,348 ​ ​ 5,526 ​ ​ 138,823 ​ U.S. Treasury ​ 799 ​ ​ 500 ​ ​ — ​ ​ — ​ 1,299 ​ Total ​ $ 9,129 ​ $ 84,352 ​ $ 101,898 ​ $ 633,189 ​ $ 828,568 ​ Weighted average yield ​ 2.84 % 6.40 % 2.89 % 5.35 % 5.13 % Estimated Fair Value: ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ 409 ​ $ — ​ $ 9,934 ​ $ 10,343 ​ Agency mortgage-backed securities ​ ​ 85 ​ ​ 3,781 ​ ​ — ​ ​ 592,413 ​ ​ 596,279 ​ Municipal bonds ​ ​ — ​ ​ 10,885 ​ ​ 32,934 ​ ​ 2,470 ​ ​ 46,289 ​ SBA securities ​ ​ — ​ ​ 832 ​ ​ 586 ​ ​ 10,699 ​ ​ 12,117 ​ Beneficial interests in FHLMC securitization ​ ​ 3,243 ​ ​ 5,190 ​ ​ — ​ ​ 5,301 ​ ​ 13,734 ​ Corporate bonds ​ ​ 4,997 ​ ​ 58,795 ​ ​ 57,344 ​ ​ 3,979 ​ ​ 125,115 ​ U.S. Treasury ​ 786 ​ ​ 463 ​ ​ — ​ ​ — ​ 1,249 ​ Total ​ $ 9,111 ​ $ 80,355 ​ $ 90,864 ​ $ 624,796 ​ $ 805,126 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 Year or More than 1 Year More than 5 Years More than ​ ​ (dollars in thousands) ​ Less ​ through 5 Years ​ through 10 Years ​ 10 Years ​ Total December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost: ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ — ​ $ 513 ​ $ 8,433 ​ $ 8,946 ​ Agency mortgage-backed securities ​ ​ 141 ​ ​ 4,364 ​ ​ — ​ ​ 102,228 ​ ​ 106,733 ​ Municipal bonds ​ ​ — ​ ​ 9,672 ​ ​ 36,103 ​ ​ 3,698 ​ ​ 49,473 ​ SBA securities ​ ​ — ​ ​ 944 ​ ​ 623 ​ ​ 12,064 ​ ​ 13,631 ​ Beneficial interests in FHLMC securitization ​ ​ 3,315 ​ ​ 5,380 ​ ​ — ​ ​ 5,778 ​ ​ 14,473 ​ Corporate bonds ​ ​ 5,012 ​ ​ 60,444 ​ ​ 67,872 ​ ​ 5,530 ​ ​ 138,858 ​ U.S. Treasury ​ 398,676 ​ 699 ​ — ​ — ​ 399,375 ​ Total ​ $ 407,144 ​ $ 81,503 ​ $ 105,111 ​ $ 137,731 ​ $ 731,489 ​ Weighted average yield ​ 5.47 % 6.46 % 2.90 % 5.94 % 5.30 % Estimated Fair Value: ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ — ​ $ 466 ​ $ 7,139 ​ $ 7,605 ​ Agency mortgage-backed securities ​ ​ 137 ​ ​ 4,134 ​ ​ — ​ ​ 103,076 ​ ​ 107,347 ​ Municipal bonds ​ ​ — ​ ​ 9,231 ​ ​ 34,142 ​ ​ 3,063 ​ ​ 46,436 ​ SBA securities ​ ​ — ​ ​ 936 ​ ​ 622 ​ ​ 11,969 ​ ​ 13,527 ​ Beneficial interests in FHLMC securitization ​ ​ 3,315 ​ ​ 5,380 ​ ​ — ​ ​ 5,364 ​ ​ 14,059 ​ Corporate bonds ​ ​ 4,973 ​ ​ 58,337 ​ ​ 56,395 ​ ​ 3,977 ​ ​ 123,682 ​ U.S. Treasury ​ 398,135 ​ 655 ​ — ​ — ​ 398,790 ​ Total ​ $ 406,560 ​ $ 78,673 ​ $ 91,625 ​ $ 134,588 ​ $ 711,446 ​ ​ The amortized cost and fair value of investment securities HTM by contractual maturity were as follows for the periods indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 Year or More than 1 Year More than 5 Years More than ​ ​ (dollars in thousands) ​ Less ​ through 5 Years ​ through 10 Years ​ 10 Years ​ Total March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost: ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ — ​ $ 3,915 ​ $ 11,956 ​ $ 759,831 ​ $ 775,702 ​ Total ​ $ — ​ $ 3,915 ​ $ 11,956 ​ $ 759,831 ​ $ 775,702 ​ Weighted average yield ​ — % 0.87 % 1.47 % 2.30 % ​ 2.28 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value: ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ — ​ $ 3,644 ​ $ 10,847 ​ $ 676,269 ​ $ 690,760 ​ Total ​ $ — ​ $ 3,644 ​ $ 10,847 ​ $ 676,269 ​ $ 690,760 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 Year or More than 1 Year More than 5 Years More than ​ ​ (dollars in thousands) ​ Less ​ through 5 Years ​ through 10 Years ​ 10 Years ​ Total December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost: ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ — ​ $ 4,259 ​ $ 12,537 ​ $ 772,782 ​ $ 789,578 ​ Total ​ $ — ​ $ 4,259 ​ $ 12,537 ​ $ 772,782 ​ $ 789,578 ​ Weighted average yield ​ — % 0.86 % 1.44 % 2.26 % ​ 2.24 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value: ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ — ​ $ 3,972 ​ $ 11,457 ​ $ 694,592 ​ $ 710,021 ​ Total ​ $ — ​ $ 3,972 ​ $ 11,457 ​ $ 694,592 ​ $ 710,021 ​ ​

LOANS

LOANS	3 Months Ended
	Mar. 31, 2024
LOANS
LOANS	NOTE 4: LOANS The following is a summary of our loans held for investment as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, (dollars in thousands) 2024 2023 Outstanding principal balance: ​ ​ ​ ​ Loans secured by real estate: ​ ​ Residential properties: ​ ​ Multifamily ​ $ 5,220,725 ​ $ 5,227,885 Single family ​ 929,922 ​ 950,712 Total real estate loans secured by residential properties ​ 6,150,647 ​ 6,178,597 Commercial properties ​ 990,769 ​ 987,596 Land and construction ​ 95,532 ​ 137,298 Total real estate loans ​ 7,236,948 ​ 7,303,491 Commercial and industrial loans ​ 2,831,982 ​ 2,856,228 Consumer loans ​ 1,261 ​ 1,328 Total loans ​ 10,070,191 ​ 10,161,047 Premiums, discounts and deferred fees and expenses ​ 16,155 ​ 16,755 Total ​ $ 10,086,346 ​ $ 10,177,802 ​ The Company’s loans held for investment portfolio is segmented according to loans that share similar attributes and risk characteristics. Loans secured by real estate include those secured by either residential or commercial real estate properties, such as multifamily and single-family residential loans; owner occupied and non-owner occupied commercial real estate loans; and land and construction loans. Commercial and industrial loans are loans to businesses where the operating cash flow of the business is the primary source of payment. This segment includes commercial revolving lines of credit and term loans, municipal finance loans, equipment finance loans and SBA loans. Consumer loans include personal installment loans and line of credit, and home equity lines of credit. These loan products are offered as an accommodation to clients of our primary business lines. Loans with a collateral value totaling $287.6 million and $283.7 million were pledged as collateral to secure borrowings with the Federal Reserve Bank at March 31, 2024 and December 31, 2023, respectively. Loans with a market value of During the quarter ended March 31, 2024, loans totaling $3.7 million in unpaid principal balance were sold, resulting in a net gain on sale of loans of $263 thousand. There were There were no outstanding loans held-for-sale as of March 31, 2024 and December 31, 2023. 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 March 31, 2024: ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ Residential properties ​ $ 816 ​ $ 732 ​ $ — ​ $ 448 ​ $ 1,996 ​ $ 6,167,416 ​ $ 6,169,412 Commercial properties ​ 8,570 ​ — ​ — ​ 8,315 ​ 16,885 ​ 972,961 ​ 989,846 Land and construction ​ — ​ — ​ — ​ — ​ — ​ 95,269 ​ 95,269 Commercial and industrial loans ​ 3,280 ​ 4,550 ​ — ​ 9,047 ​ 16,877 ​ 2,813,628 ​ 2,830,505 Consumer loans ​ 156 ​ — ​ — ​ — ​ 156 ​ 1,158 ​ 1,314 Total ​ $ 12,822 ​ $ 5,282 ​ $ — ​ $ 17,810 ​ $ 35,914 ​ $ 10,050,432 ​ $ 10,086,346 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Percentage of total loans ​ 0.13 % 0.05 % — % 0.18 % 0.36 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023: ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ Residential properties ​ $ 93 ​ $ 416 ​ $ — ​ $ 112 ​ $ 621 ​ $ 6,196,923 ​ $ 6,197,544 Commercial properties ​ 27,403 ​ 403 ​ 1,730 ​ 2,915 ​ 32,451 ​ 954,321 ​ 986,772 Land and construction ​ — ​ — ​ — ​ — ​ — ​ 136,827 ​ 136,827 Commercial and industrial loans ​ 525 ​ 88 ​ — ​ 8,804 ​ 9,417 ​ 2,845,845 ​ 2,855,262 Consumer loans ​ — ​ — ​ — ​ — ​ — ​ 1,397 ​ 1,397 Total ​ $ 28,021 ​ $ 907 ​ $ 1,730 ​ $ 11,831 ​ $ 42,489 ​ $ 10,135,313 ​ $ 10,177,802 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Percentage of total loans ​ 0.28 % 0.01 % 0.02 % 0.12 % 0.42 % ​ ​ 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 March 31, 2024: ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ Residential properties ​ $ 448 ​ $ — Commercial properties ​ ​ 2,853 ​ ​ 5,462 Commercial and industrial loans ​ 8,797 ​ 250 Consumer loans ​ — ​ — Total ​ $ 12,098 ​ $ 5,712 ​ ​ ​ ​ ​ ​ ​ December 31, 2023: ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ Residential properties ​ $ — ​ $ 112 Commercial properties ​ ​ — ​ ​ 2,915 Commercial and industrial loans ​ 7,406 ​ 1,398 Total ​ $ 7,406 ​ $ 4,425 ​ The Company adopted ASU 2022-02, Financial Instruments-Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures Based on the guidance in ASU 2022-02, a loan modification or refinancing results in a new loan if the terms of the new loan are at least as favorable to the lender as the terms with customers with similar collection risks that are not refinancing or restructuring their loans and the modification to the terms of the loan are more than minor. If a loan modification or refinancing does not result in a new loan, it is classified as a loan modification. There are additional disclosures for modification of loans with borrowers experiencing financial difficulty that result in a direct change in the timing or amount of contractual cash flows. The disclosures are applicable to situations where there is interest rate reduction, term extensions, principal forgiveness, other-than-insignificant payment delays, or a combination of any of these items. The following table presents our loan modifications made to borrowers experiencing financial difficulty by type of modification for the quarter ended March 31, 2024, with related amortized cost balances, respective percentage share of the total class of loans, and the related financial effect: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024: ​ ​ Term Extension ​ ​ ​ Amortized Cost Basis ​ % of Total Class of Loans ​ Financial Effect Commercial real estate loans ​ $ 12,900 1.3 % 1 loan with term extension of 3 months . Commercial and industrial loans ​ ​ 736 ​ 0.03 % 10 loans with term extensions of 3 months ; 3 loans with term extensions of 10 months , 12 months and 60 months , respectively. Total ​ $ 13,636 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Combination ​ ​ ​ Amortized Cost Basis ​ % of Total Class of Loans ​ Financial Effect Commercial and industrial loans ​ $ 6,800 ​ 0.24 % 1 loan with term extension of 6 months and 5 month payment forbearance; 4 loans with term extensions of 7 months and payment forbearances of 6 months . Total ​ $ 6,800 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ Amortized Cost Basis ​ % of Total Class of Loans ​ ​ Commercial real estate loans ​ $ 12,900 1.30 % ​ Commercial and industrial loans ​ ​ 7,536 ​ 0.27 % ​ Total ​ $ 20,436 ​ ​ ​ ​ ​ The Company did not make any loan modifications to borrowers experiencing financial difficulty for the quarter ended March 31, 2023. The following presents the payment status of our loan modifications made during the previous twelve-month period of April 1, 2023 to March 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ 90+ Days ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ ​ Current ​ Past Due ​ Past Due ​ ​ Nonaccrual ​ Total March 31, 2024: ​ ​ ​ ​ ​ ​ ​ Residential loans $ 247 ​ $ — ​ $ — ​ $ — ​ $ 247 Commercial real estate loans ​ 13,525 ​ ​ — ​ ​ — ​ ​ 8,084 ​ ​ 21,609 Commercial and industrial loans ​ 13,968 ​ ​ — ​ ​ — ​ ​ — ​ ​ 13,968 Total $ 27,740 ​ $ — ​ $ — ​ $ 8,084 ​ $ 35,824 ​ None of the loans modified during the previous twelve-month period of April 1, 2023 to March 31, 2024 subsequently had a payment default.

ALLOWANCE FOR CREDIT LOSSES

ALLOWANCE FOR CREDIT LOSSES	3 Months Ended
	Mar. 31, 2024
ALLOWANCE FOR CREDIT LOSSES
ALLOWANCE FOR CREDIT LOSSES	NOTE 5: ALLOWANCE FOR CREDIT LOSSES The Company accounts for ACL related to loans in accordance with ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments The measurement of the ACL is performed by collectively pooling and evaluating loans with similar risk characteristics. The quantitative CECL model estimates credit losses by applying pool-specific probability of default (“PD”) and loss given default (“LGD”) rates to the expected exposure at default ("EAD") over the contractual life of the loans. A significant portion of the ACL is calculated and measured on a collective pool basis, representing $9.8 billion or approximately 97.5% of the total blended loan portfolio as of March 31, 2024. Pooled loan segments consisted of multifamily, commercial, single-family, non-owner occupied commercial real estate, and construction loans. The remaining portion of the loan portfolio, representing $247 million or approximately 2.5% of the total blended loan portfolio, consisted of small homogeneous loan portfolios which has its quantitative reserve calculated separately based on historical loss factors for the respective portfolios or, if no historical loss is available, based on peer group historical losses. These loan portfolios include equipment finance, land, consumer and commercial small balance loans. In addition, collateral dependent loans are separately valued based on the fair value of the underlying collateral. As of December 31, 2023, the ACL was calculated and measured based upon $9.9 billion or 97.2% of the total blended portfolio evaluated on a collective pool basis and $268 million in small homogeneous loan portfolios or 2.6% of the total blended portfolio evaluated using historical loss factors. The measurement also incorporates qualitative components such as internal and external risk factors that may not be adequately assessed in the quantitative model. Qualitative adjustments primarily relate to segments of the loan portfolio deemed by management to be of a higher-risk profile or other factors where management believes the quantitative component of the ACL model may not be fully reflective of levels deemed adequate in the judgement of management. Qualitative adjustments may also relate to uncertainty as to future macroeconomic conditions and the related impact on certain loan segments. Management reviews the need for an appropriate level of quantitative adjustments on a quarterly basis, and as such, the amount and allocation of qualitative adjustments may change in future periods. For purposes of calculating the ACL, the Company has elected to include deferred loan fees and expenses in the loan balance and exclude accrued interest from loan balances. 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 March 31, 2024: ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ Residential properties ​ $ 9,921 ​ $ (1,547) ​ $ — ​ ​ $ — ​ $ 8,374 Commercial properties ​ 4,148 ​ 449 ​ — ​ ​ — ​ 4,597 Land and construction ​ 332 ​ (266) ​ — ​ ​ — ​ 66 Commercial and industrial loans ​ 14,796 ​ 1,797 ​ (493) ​ ​ 151 ​ 16,251 Consumer loans ​ 8 ​ (2) ​ — ​ ​ 1 ​ 7 Total ​ $ 29,205 ​ $ 431 ​ $ (493) ​ ​ $ 152 ​ $ 29,295 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2023: ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ Residential properties ​ $ 8,306 ​ $ (43) ​ $ — ​ ​ $ — ​ $ 8,263 Commercial properties ​ 8,714 ​ (2,732) ​ (249) ​ ​ — ​ 5,733 Land and construction ​ 164 ​ 152 ​ — ​ ​ — ​ 316 Commercial and industrial loans ​ 16,521 ​ 1,685 ​ (1,752) ​ ​ 306 ​ 16,760 Consumer loans ​ 26 ​ (1) ​ (2) ​ ​ — ​ 23 Total ​ $ 33,731 ​ $ (939) ​ $ (2,003) ​ ​ $ 306 ​ $ 31,095 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2023: ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ Residential properties ​ $ 8,306 ​ $ 1,615 ​ $ — ​ ​ $ — ​ $ 9,921 Commercial properties ​ 8,714 ​ (4,317) ​ (249) ​ ​ — ​ 4,148 Land and construction ​ 164 ​ 168 ​ — ​ ​ — ​ 332 Commercial and industrial loans ​ 16,521 ​ 1,171 ​ (4,998) ​ ​ 2,102 ​ 14,796 Consumer loans ​ 26 ​ (18) ​ (2) ​ ​ 2 ​ 8 Total ​ $ 33,731 ​ $ (1,381) ​ $ (5,249) ​ ​ $ 2,104 ​ $ 29,205 ​ 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 March 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate loans ​ 5,462 ​ — ​ — ​ 5,462 ​ — Commercial loans ​ — ​ 250 ​ — ​ 250 ​ — Total ​ $ 5,462 ​ $ 250 ​ $ — ​ $ 5,712 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate loans ​ 2,523 ​ — ​ — ​ 2,523 ​ — Commercial loans ​ — ​ 250 ​ 978 ​ 1,228 ​ — Total ​ $ 2,523 ​ $ 250 ​ $ 978 ​ $ 3,751 ​ $ — ​ Credit Risk Management 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: 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, and includes gross charge-offs in accordance with ASU 2022-02 as of the dates presented: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ (dollars in thousands) 2024 2023 2022 2021 2020 Prior Loans Total March 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 11,840 $ 37,338 ​ $ 2,353,803 $ 1,537,271 $ 755,425 ​ $ 526,040 $ — $ 5,221,717 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,125 ​ ​ — ​ ​ 1,125 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 13,027 ​ ​ — ​ ​ 13,027 Total $ 11,840 $ 37,338 ​ $ 2,353,803 $ 1,537,271 $ 755,425 ​ $ 540,192 $ — $ 5,235,869 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ — $ 10,594 ​ $ 256,453 $ 265,560 $ 92,293 ​ $ 239,977 $ 47,630 $ 912,507 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 20,004 ​ ​ — ​ ​ 20,004 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 898 ​ ​ 134 ​ ​ 1,032 Total $ — $ 10,594 ​ $ 256,453 $ 265,560 $ 92,293 ​ $ 260,879 $ 47,764 $ 933,543 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 614 $ 2,435 ​ $ 222,908 $ 129,672 $ 146,487 ​ $ 441,460 $ — $ 943,576 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,215 ​ ​ 2,259 ​ ​ 1,201 ​ ​ — ​ ​ 4,675 Substandard ​ ​ — ​ ​ 12,900 ​ ​ — ​ ​ 114 ​ ​ 1,389 ​ ​ 27,192 ​ ​ — ​ ​ 41,595 Total $ 614 $ 15,335 ​ $ 222,908 $ 131,001 $ 150,135 ​ $ 469,853 $ — $ 989,846 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land and construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ — $ 22,503 ​ $ 37,070 $ 18,646 $ 9,388 ​ $ 7,662 $ — $ 95,269 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ — $ 22,503 ​ $ 37,070 $ 18,646 $ 9,388 ​ $ 7,662 $ — $ 95,269 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 43,231 $ 177,918 ​ $ 1,065,076 $ 273,177 $ 113,850 ​ $ 41,252 $ 1,070,563 $ 2,785,067 Special mention ​ ​ — ​ ​ — ​ ​ 1,240 ​ ​ 24,578 ​ ​ 298 ​ ​ 644 ​ ​ 730 ​ ​ 27,490 Substandard ​ ​ 133 ​ ​ 53 ​ ​ 380 ​ ​ 798 ​ ​ 3,768 ​ ​ 1,788 ​ ​ 11,028 ​ ​ 17,948 Total $ 43,364 $ 177,971 ​ $ 1,066,696 $ 298,553 $ 117,916 ​ $ 43,684 $ 1,082,321 $ 2,830,505 Gross charge-offs ​ $ — ​ $ 15 ​ $ 359 ​ $ 84 ​ $ 35 ​ $ — ​ $ — ​ $ 493 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 32 $ 11 ​ $ — $ 557 $ — ​ $ 353 $ 361 $ 1,314 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 32 $ 11 ​ $ — $ 557 $ — ​ $ 353 $ 361 $ 1,314 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 55,717 $ 250,799 ​ $ 3,935,310 $ 2,224,883 $ 1,117,443 ​ $ 1,256,744 $ 1,118,554 $ 9,959,450 Special mention ​ ​ — ​ ​ — ​ ​ 1,240 ​ ​ 25,793 ​ ​ 2,557 ​ ​ 22,974 ​ ​ 730 ​ ​ 53,294 Substandard ​ ​ 133 ​ ​ 12,953 ​ ​ 380 ​ ​ 912 ​ ​ 5,157 ​ ​ 42,905 ​ ​ 11,162 ​ ​ 73,602 Total $ 55,850 $ 263,752 ​ $ 3,936,930 $ 2,251,588 $ 1,125,157 ​ $ 1,322,623 $ 1,130,446 $ 10,086,346 Gross charge-offs ​ $ — ​ $ 15 ​ $ 359 ​ $ 84 ​ $ 35 ​ $ — ​ $ — ​ $ 493 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ (dollars in thousands) 2023 2022 2021 2020 2019 Prior Loans Total December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 37,343 $ 2,355,381 ​ $ 1,537,636 $ 763,736 $ 289,675 ​ $ 243,146 $ — $ 5,226,917 Special mention ​ ​ — ​ ​ — ​ ​ 1,248 ​ ​ — ​ ​ 5,577 ​ ​ 9,426 ​ ​ — ​ ​ 16,251 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 37,343 $ 2,355,381 ​ $ 1,538,884 $ 763,736 $ 295,252 ​ $ 252,572 $ — $ 5,243,168 Gross charge-offs ​ $ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 13,631 $ 259,043 ​ $ 267,373 $ 92,567 $ 38,132 ​ $ 208,035 $ 54,444 $ 933,225 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 20,166 ​ ​ — ​ ​ 20,166 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 846 ​ ​ 139 ​ ​ 985 Total $ 13,631 $ 259,043 ​ $ 267,373 $ 92,567 $ 38,132 ​ $ 229,047 $ 54,583 $ 954,376 Gross charge-offs ​ $ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 2,469 $ 221,525 ​ $ 130,579 $ 119,684 $ 81,243 ​ $ 383,729 $ — $ 939,229 Special mention ​ ​ — ​ ​ — ​ ​ 1,223 ​ ​ 2,275 ​ ​ — ​ ​ 10,747 ​ ​ — ​ ​ 14,245 Substandard ​ ​ 12,900 ​ ​ — ​ ​ 116 ​ ​ 1,445 ​ ​ 11,424 ​ ​ 7,413 ​ ​ — ​ ​ 33,298 Total $ 15,369 $ 221,525 ​ $ 131,918 $ 123,404 $ 92,667 ​ $ 401,889 $ — $ 986,772 Gross charge-offs ​ $ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 249 ​ ​ — ​ $ 249 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land and construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 19,151 $ 43,923 ​ $ 29,445 $ 36,498 $ 807 ​ $ 7,003 $ — $ 136,827 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 19,151 $ 43,923 ​ $ 29,445 $ 36,498 $ 807 ​ $ 7,003 $ — $ 136,827 Gross charge-offs ​ $ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 182,391 $ 1,082,510 ​ $ 291,663 $ 119,035 $ 21,314 ​ $ 25,030 $ 1,087,075 $ 2,809,018 Special mention ​ ​ — ​ ​ 1,360 ​ ​ 24,653 ​ ​ 703 ​ ​ 56 ​ ​ 656 ​ ​ 735 ​ ​ 28,163 Substandard ​ ​ 55 ​ ​ 12 ​ ​ 842 ​ ​ 3,881 ​ ​ 1,325 ​ ​ 458 ​ ​ 11,508 ​ ​ 18,081 Total $ 182,446 $ 1,083,882 ​ $ 317,158 $ 123,619 $ 22,695 ​ $ 26,144 $ 1,099,318 $ 2,855,262 Gross charge-offs ​ $ 257 ​ ​ 1,420 ​ ​ 1,205 ​ ​ 587 ​ ​ 117 ​ ​ 48 ​ ​ 1,364 ​ $ 4,998 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 47 $ — ​ $ 577 $ — $ 299 ​ $ 59 $ 415 $ 1,397 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 47 $ — ​ $ 577 $ — $ 299 ​ $ 59 $ 415 $ 1,397 Gross charge-offs ​ $ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ $ 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 255,032 $ 3,962,382 ​ $ 2,257,273 $ 1,131,520 $ 431,470 ​ $ 867,002 $ 1,141,934 $ 10,046,613 Special mention ​ ​ — ​ ​ 1,360 ​ ​ 27,124 ​ ​ 2,978 ​ ​ 5,633 ​ ​ 40,995 ​ ​ 735 ​ ​ 78,825 Substandard ​ ​ 12,955 ​ ​ 12 ​ ​ 958 ​ ​ 5,326 ​ ​ 12,749 ​ ​ 8,717 ​ ​ 11,647 ​ ​ 52,364 Total $ 267,987 $ 3,963,754 ​ $ 2,285,355 $ 1,139,824 $ 449,852 ​ $ 916,714 $ 1,154,316 $ 10,177,802 Gross charge-offs ​ $ 257 ​ ​ 1,420 ​ ​ 1,205 ​ ​ 587 ​ ​ 117 ​ ​ 297 ​ ​ 1,366 ​ $ 5,249 ​ ​

CORE DEPOSIT INTANGIBLES

CORE DEPOSIT INTANGIBLES	3 Months Ended
	Mar. 31, 2024
CORE DEPOSIT INTANGIBLES
CORE DEPOSIT INTANGIBLES	NOTE 6: CORE DEPOSIT INTANGIBLES Core deposit intangibles are intangible assets having definite useful lives arising from whole bank acquisitions. Core deposit intangibles are amortized on an accelerated method over their estimated useful lives, ranging from 7 to 10 years. At March 31, 2024 and December 31, 2023, core deposit intangible assets totaled $4.6 million and $4.9 million, respectively, and we recognized $370 thousand and $434 thousand in core deposit intangible amortization expense for the three-month periods ended March 31, 2024 and March 31, 2023, respectively.

DERIVATIVE ASSETS

DERIVATIVE ASSETS	3 Months Ended
	Mar. 31, 2024
DERIVATIVE ASSETS
DERIVATIVE ASSETS	NOTE 7: DERIVATIVE ASSETS On February 1, 2024, the Bank entered into an interest rate swap agreement with an institutional counterparty to hedge against our exposure to changes in interest rates as part of our overall interest rate risk management strategy. On the date the agreement was entered into, the derivative was designated as a cash flow hedge, as it was undertaken to manage the risk of changes in cash flows on interest payments associated with a stream of variable-rate, short-term borrowings for a corresponding amount that are attributable to changes in the future financing rates of each rolling maturity. At inception and on a quarterly basis thereafter, an assessment is performed to determine the effectiveness of the derivative at reducing the risk associated with the hedged exposure. A cash flow hedge designated as highly effective is carried at fair value on the balance sheet with the portion of change in fair value of the cash flow hedge considered highly effective recognized in AOCI. If the cash flow hedge becomes ineffective, the portion of the change in fair value of the cash flow hedge considered ineffective is reclassified from AOCI to earnings. The hedging instrument is a pay-fixed, receive variable interest rate swap agreement having a beginning notional amount of $450 million. The Bank pays quarterly interest at a fixed rate of 3.583% and receives quarterly interest payments calculated at the Daily Simple SOFR over the same period. The original term of the agreement is five years, expiring on February 1, 2029. On March 28, 2024, the original hedge position notional amount was reduced by $100 million, and a corresponding amount of the hedged item was simultaneously de-designated, resulting in the recording of a partial gain of $0.8 million, classified as capital markets activities on the accompanying statements of operations. At March 31, 2024, the fair value of the cash flow hedge was $6.0 million and is classified as derivative assets on the accompanying balance sheet. A corresponding $5.2 million is classified as a component of AOCI, which represents the fair value of the derivative asset less the $0.8 million realized gain recognized on the de-designation.

LOAN SALES AND MORTGAGE SERVICI

LOAN SALES AND MORTGAGE SERVICING RIGHTS	3 Months Ended
	Mar. 31, 2024
LOAN SALES AND MORTGAGE SERVICING RIGHTS
LOAN SALES AND MORTGAGE SERVICING RIGHTS	NOTE 8: 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 March 31, 2024 and December 31, 2023, mortgage servicing rights net of valuation allowance totaled $4.8 million and $5.5 million, respectively and is classified as a component of other assets in the accompanying consolidated balance sheets. The amount of loans serviced for others totaled $1.0 billion at March 31, 2024 and December 31, 2023. Servicing fees collected for the first three months of 2024 and 2023 were $0.6 million. There were no loan sale or purchase transactions that resulted in the recognition of mortgage servicing rights in 2024 and 2023.

DEPOSITS

DEPOSITS	3 Months Ended
	Mar. 31, 2024
DEPOSITS
DEPOSITS	NOTE 9: DEPOSITS The following table summarizes the outstanding balance of deposits and average rates paid thereon as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ December 31, 2023 ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ Weighted ​ ​ (dollars in thousands) ​ Amount ​ Average Rate ​ Amount ​ Average Rate ​ ​ Demand deposits: ​ ​ ​ Noninterest-bearing ​ $ 1,827,520 — ​ $ 1,467,806 — ​ ​ Interest-bearing ​ 2,785,092 3.65 % 2,881,786 2.94 % ​ Money market and savings ​ 3,309,002 3.79 % 3,195,670 3.81 % ​ Certificates of deposit ​ 2,717,356 4.76 % 3,143,670 4.87 % ​ Total ​ $ 10,638,970 3.35 % $ 10,688,932 3.36 % ​ ​ The following table provides the remaining maturities of certificate of deposit accounts of greater than $250,000 as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ December 31, 2023 Large Denomination Certificates of Deposit Maturity Distribution (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ 3 months or less ​ $ 25,049 ​ $ 343,078 ​ Over 3 months through 6 months ​ ​ 23,652 ​ ​ 24,126 ​ Over 6 months through 12 months ​ 110,073 ​ 56,415 ​ Over 12 months ​ ​ 3,676 ​ ​ 30,994 ​ Total ​ $ 162,450 ​ $ 454,613 ​ ​ Large depositor relationships, consisting of deposit relationships which exceed 2% of total deposits, accounted for, in the aggregate, 11.7% and 12.5% of our total deposits as of March 31, 2024 and December 31, 2023, respectively. The composition of our large depositor relationships continues to include clients which have maintained long-term depository relationships with us. Accrued interest payable on deposits, which is included in accounts payable and other liabilities, was $35.4 million and $36.7 million at March 31, 2024 and December 31, 2023, respectively.

BORROWINGS

BORROWINGS	3 Months Ended
	Mar. 31, 2024
BORROWINGS
BORROWINGS	NOTE 10: BORROWINGS The Bank has established secured and unsecured lines of credit under which it may borrow funds from time to time on a term or overnight basis from the FHLB, Federal Reserve Bank of San Francisco (the “Federal Reserve Bank”), and other institutions. At March 31, 2024, our borrowings consisted of $800 million in FHLB putable advances at the Bank, $550 million of FHLB term advances at the Bank, $279 million in term advances from the Federal Reserve Bank, and $76 million in repurchase agreements at the Bank. At December 31, 2023, our borrowings consisted of $800 million in FHLB putable advances at the Bank, $100 million of FHLB term advances at the Bank, $160 million in overnight advances and $285 million in term advances from the Federal Reserve Bank, and $64 million in repurchase agreements at the Bank. FHLB Advances The FHLB putable advances outstanding at March 31, 2024 had a weighted average remaining life of 5.16 The FHLB term advances outstanding at March 31, 2024 consist of the following: $100 million in a three-month fixed-rate advance maturing on May 1, 2024 at an interest rate of 5.60%. $350 million in a three-month fixed-rate advance maturing on April 30, 2024 at an interest rate of 5.60%. $100 million in a five-year fixed rate advance maturing on June 28, 2028 at an interest rate of 4.21%. FHLB advances are collateralized primarily by loans secured by single family, multifamily, and commercial real estate properties with a market value of $5.7 billion as of March 31, 2024. The Bank’s total unused borrowing capacity from the FHLB as of March 31, 2024 was $2.0 billion. The Bank had in place $10 million of letters of credit from the FHLB as of March 31, 2024, which are used to meet collateral requirements for deposits from local agencies. The FHLB putable advances outstanding at December 31, 2023 had a weighted average remaining life of 5.41 years and a weighted average interest rate of 3.74%. The FHLB term advances had an interest rate of 4.21% and matures on June 28, 2028. FHLB advances were collateralized primarily by loans secured by single family, multifamily, and commercial real estate properties with a market value of $4.3 billion as of December 31, 2023. The Bank’s total unused borrowing capacity from the FHLB as of December 31, 2023 was $2.0 billion. The Bank had in place $310 million of letters of credit from the FHLB as of December 31, 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 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. At March 31, 2024, the Bank did not have any borrowings outstanding under the BIC program. 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 totaled $279 million at March 31, 2024 and are collateralized by eligible investment securities valued at par and provide an additional source of liquidity. At March 31, 2024, the Bank had secured unused borrowing capacity of $452 million under this agreement. At December 31, 2023, the Bank had outstanding BIC program borrowings totaling $160 million, bearing an interest rate of 5.50% and were repaid in full in early January, 2024. At December 31, 2023, the Bank had outstanding BTFP borrowings totaling $285 million. At December 31, 2023, the Bank had secured unused borrowing capacity of $402 million under this agreement. Uncommitted Credit Facilities: The Bank has a total of $170 million in borrowing capacity through unsecured federal funds lines, ranging in size from $20 million to $100 million, with four correspondent financial institutions. There were no balances outstanding under these arrangements as of March 31, 2024 and December 31, 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 2025. 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 March 31, 2024 and December 31, 2023, FFI was in compliance with the covenants contained in the loan agreement. As of March 31, 2024 and December 31, 2023, there were no balances outstanding under this agreement. 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 March 31, 2024 and December 31, 2023, the repurchase agreements are collateralized by investment securities with a fair value of approximately $80.0 million and $76.3 million, respectively.

SUBORDINATED DEBT

SUBORDINATED DEBT	3 Months Ended
	Mar. 31, 2024
SUBORDINATED DEBT.
SUBORDINATED DEBT	NOTE 11: SUBORDINATED DEBT At March 31, 2024 and December 31, 2023, FFI had two issuances of subordinated notes outstanding with an aggregate carrying value of $173 million. At March 31, 2024 and December 31, 2023, 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 ​ ​ March 31, ​ ​ December 31, ​ ​ (dollars in thousands) ​ Maturity ​ Rate ​ ​ Balance ​ 2024 ​ 2023 ​ ​ 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 $ 148,118 ​ $ 148,058 ​ ​ 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 ​ 25,295 ​ ​ 25,339 ​ ​ Total ​ ​ ​ ​ ​ $ 174,165 $ 173,413 ​ $ 173,397 ​ ​ ​

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2024
INCOME TAXES
INCOME TAXES	NOTE 12: INCOME TAXES For the three months ended March 31, 2024, the Company recorded an income tax benefit of $910 thousand and had an effective tax rate of 777.8%. For the three months ended March 31, 2023, the Company recorded income tax expense of $2.2 million and had an effective tax rate of 20.6%. The changes in the effective tax rate were predominately due to the changes in pretax income. The effective tax rates differ from the combined federal and state statutory rates for the Company of 28.2% due primarily to various permanent tax differences, including tax-exempt income, tax credits from low-income housing tax credit investments, and other items that impact our effective tax rate. The Company accounts for income taxes by recognizing deferred tax assets and liabilities based upon future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. A valuation allowance is established if it is “more likely than not” that all or a portion of the deferred tax assets will not be realized. Management has evaluated the realization of deferred tax assets and has determined that it is more likely than not that all of the deferred tax assets would be realized, therefore no valuation allowance was provided against the deferred tax assets. Deferred tax assets totaled $33.6 million and $29.1 million at March 31, 2024 and December 31, 2023, respectively.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2024
SHAREHOLDERS' EQUITY
SHAREHOLDERS' EQUITY	NOTE 13: SHAREHOLDERS’ EQUITY FFI is a holding company and does not have any direct operating activities. Any future cash flow needs of FFI are expected to be met by its existing cash and cash equivalents and dividends from its subsidiaries. The Bank is subject to various laws and regulations that limit the amount of dividends that a bank can pay without obtaining prior approval from bank regulators. Additionally, under the terms of the holding company line of credit agreement, FFI may only declare and pay a dividend if the total amount of dividends and stock repurchases during the current twelve months does not exceed 50% of FFI’s net income for the same twelve-month period. FFI’s cash and cash equivalents totaled $5.3 million and $15.3 million at March 31, 2024 and December 31, 2023, respectively.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2024
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 14: 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 following table sets forth the Company’s unaudited earnings per share calculations for the three months ended March 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Three Months Ended ​ ​ ​ March 31, 2024 ​ March 31, 2023 ​ (dollars in thousands, except per share amounts) ​ Basic ​ Diluted ​ Basic ​ Diluted ​ Net income $ 793 $ 793 $ 8,496 $ 8,496 ​ Basic common shares outstanding ​ 56,484,655 ​ 56,484,655 ​ 56,376,669 ​ 56,376,669 ​ Effect of options, restricted stock and contingent shares issuable ​ ​ ​ ​ ​ 19,220 ​ ​ ​ ​ ​ 33,747 ​ Diluted common shares outstanding ​ ​ 56,503,875 ​ ​ 56,410,416 ​ Net income per share ​ $ 0.01 ​ $ 0.01 ​ $ 0.15 ​ $ 0.15 ​ ​

SEGMENT REPORTING

SEGMENT REPORTING	3 Months Ended
	Mar. 31, 2024
SEGMENT REPORTING
SEGMENT REPORTING	NOTE 15: SEGMENT REPORTING For the three months ended March 31, 2024 and 2023, the Company had two reportable business segments: Banking (FFB) and Wealth Management (FFA). The results of FFI and any elimination entries are included in the column labeled Other. The reportable segments are determined by products and services offered and the corporate structure. Business segment earnings before taxes are the primary measure of the segment’s performance as evaluated by management. Business segment earnings before taxes include direct revenue and expenses of the segment as well as corporate and inter-company cost allocations. Allocations of corporate expenses, such as finance and accounting, data processing and human resources are calculated based on estimated activity or usage levels. The management accounting process measures the performance of the operating segments based on the Company’s management structure and is not necessarily comparable with similar information for other financial services companies. If the management structures and/or the allocation process changes, allocations, transfers, and assignments may change. In accordance with ASU 2023-07 “ Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”, Chief Executive Officer. 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 March 31, 2024: ​ ​ ​ ​ Interest income ​ $ 150,453 ​ $ — ​ $ — ​ $ 150,453 Interest expense ​ 110,362 ​ — ​ 1,705 ​ 112,067 Net interest income ​ 40,091 ​ — ​ (1,705) ​ 38,386 Provision for credit losses ​ 577 ​ — ​ — ​ 577 Noninterest income ​ 5,683 ​ 7,349 ​ (349) ​ 12,683 Noninterest expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Compensation and benefits ​ ​ 15,172 ​ ​ 4,095 ​ ​ 140 ​ ​ 19,407 Customer service costs ​ ​ 10,738 ​ ​ — ​ ​ — ​ ​ 10,738 Professional services and marketing costs ​ ​ 2,532 ​ ​ 901 ​ ​ (43) ​ ​ 3,390 Other ​ ​ 16,098 ​ ​ 680 ​ ​ 296 ​ ​ 17,074 Income (loss) before income taxes ​ ​ 657 ​ ​ 1,673 ​ ​ (2,447) ​ ​ (117) Income tax (benefit) expense ​ ​ (711) ​ ​ 487 ​ ​ (686) ​ ​ (910) Net income (loss) ​ $ 1,368 ​ $ 1,186 ​ $ (1,761) ​ $ 793 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2023: ​ ​ ​ ​ Interest income ​ $ 137,000 ​ $ — ​ $ — ​ $ 137,000 Interest expense ​ 76,449 ​ — ​ 1,796 ​ 78,245 Net interest income ​ 60,551 ​ — ​ (1,796) ​ 58,755 Provision for credit losses ​ 417 ​ — ​ — ​ 417 Noninterest income ​ 4,801 ​ 7,291 ​ (394) ​ 11,698 Noninterest expense ​ ​ ​ ​ ​ ​ ​ ​ Compensation and benefits ​ ​ 20,260 ​ ​ 4,560 ​ ​ 466 ​ ​ 25,286 Customer service costs ​ ​ 16,715 ​ ​ — ​ ​ — ​ ​ 16,715 Professional services and marketing costs ​ ​ 2,664 ​ ​ 804 ​ ​ 827 ​ ​ 4,295 Other ​ ​ 12,006 ​ ​ 701 ​ ​ 337 ​ ​ 13,044 Income (loss) before income taxes ​ ​ 13,290 ​ ​ 1,226 ​ ​ (3,820) ​ ​ 10,696 Income tax expense (benefit) ​ ​ 2,947 ​ ​ 364 ​ ​ (1,111) ​ ​ 2,200 Net income (loss) ​ $ 10,343 ​ $ 862 ​ $ (2,709) ​ $ 8,496 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2024
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 16: SUBSEQUENT EVENTS Cash Dividend On April 25, 2024, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.01 per common share to be paid on May 16, 2024 to shareholders of record as of the close of business on May 6, 2024.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024 and December 31, 2023, and for the three months ended March 31, 2024 and 2023, 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 2024 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, 2023.
Derivatives Asset (Cash Flow Hedge)	Derivative Asset (Cash Flow Hedge). Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities’ The cash flow hedge is classified as derivative assets in the accompanying consolidated balance sheets. The earnings and cash flow impact from this derivative asset are classified as an offset to interest expense which is consistent with the underlying hedged item.
New Accounting Pronouncements	New Accounting Pronouncements In June 2022, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions”. In November 2023, FASB issued ASU 2023-07, “Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures”. Segment Reporting

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024: ​ ​ ​ ​ Investment securities available-for-sale: ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 10,343 ​ $ — ​ $ 10,343 ​ $ — Agency mortgage-backed securities ​ 596,279 ​ — ​ 596,279 ​ — Municipal bonds ​ 46,289 ​ — ​ 46,289 ​ — SBA securities ​ ​ 12,117 ​ ​ — ​ ​ 12,117 ​ ​ — Beneficial interests in FHLMC securitization ​ ​ 7,141 ​ ​ — ​ ​ — ​ ​ 7,141 Corporate bonds ​ 123,797 ​ — ​ 123,797 ​ — U.S. Treasury ​ ​ 1,249 ​ ​ 1,249 ​ ​ — ​ ​ — Investment in equity securities ​ 11,776 ​ — ​ — ​ 11,776 Total assets at fair value on a recurring basis ​ $ 808,991 ​ $ 1,249 ​ $ 788,825 ​ $ 18,917 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flow hedge ​ $ 6,035 ​ $ — ​ $ 6,035 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment securities available-for-sale: ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 7,605 ​ $ — ​ $ 7,605 ​ $ — Agency mortgage-backed securities ​ ​ 107,347 ​ ​ — ​ ​ 107,347 ​ ​ — Municipal bonds ​ 46,436 ​ — ​ 46,436 ​ — SBA securities ​ 13,527 ​ — ​ 13,527 ​ — Beneficial interests in FHLMC securitization ​ 7,242 ​ — ​ — ​ 7,242 Corporate bonds ​ ​ 122,279 ​ ​ — ​ ​ 122,279 ​ ​ — U.S. Treasury ​ 398,790 ​ 398,790 ​ — ​ — Investment in equity securities ​ 11,768 ​ — ​ — ​ 11,768 Total assets at fair value on a recurring basis ​ $ 714,994 ​ $ 398,790 ​ $ 297,194 ​ $ 19,010
Carrying Amounts and Estimated Fair Value of Financial Instruments	The following table sets forth the estimated fair values and related carrying amounts of our financial instruments as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Fair Value Measurement Level (dollars in thousands) ​ Value ​ 1 ​ 2 ​ 3 ​ Total March 31, 2024: ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,588,036 ​ $ 1,588,036 ​ $ — ​ $ — ​ $ 1,588,036 Securities AFS, net ​ 797,215 ​ 1,249 ​ 788,825 ​ 7,141 ​ 797,215 Securities HTM ​ ​ 775,702 ​ ​ — ​ ​ 690,760 ​ ​ — ​ ​ 690,760 Loans, net ​ 10,057,051 ​ — ​ — ​ 9,604,899 ​ 9,604,899 Investment in FHLB stock ​ 36,668 ​ — ​ 36,668 ​ — ​ 36,668 Investment in equity securities ​ 11,776 ​ — ​ — ​ 11,776 ​ 11,776 Accrued interest receivable ​ ​ 53,446 ​ ​ 53,446 ​ ​ — ​ ​ — ​ ​ 53,446 Derivative assets ​ ​ 6,035 ​ ​ — ​ ​ 6,035 ​ ​ — ​ ​ 6,035 Liabilities: ​ ​ ​ ​ ​ Deposits ​ $ 10,638,970 ​ $ 7,921,615 ​ $ 2,705,671 ​ $ — ​ $ 10,627,286 Borrowings ​ 1,705,493 ​ 905,493 ​ 800,000 ​ — ​ 1,705,493 Subordinated debt ​ ​ 173,413 ​ ​ — ​ ​ — ​ ​ 136,514 ​ ​ 136,514 Accrued interest payable ​ ​ 44,342 ​ ​ 44,342 ​ ​ — ​ ​ — ​ ​ 44,342 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,326,629 ​ $ 1,326,629 ​ $ — ​ $ — ​ $ 1,326,629 Securities AFS, net ​ 703,226 ​ 398,790 ​ 297,194 ​ 7,242 ​ 703,226 Securities HTM ​ ​ 789,578 ​ ​ — ​ ​ 710,021 ​ ​ — ​ ​ 710,021 Loans, net ​ 10,148,597 ​ — ​ — ​ 9,827,508 ​ 9,827,508 Investment in FHLB stock ​ 24,613 ​ — ​ 24,613 ​ — ​ 24,613 Investment in equity securities ​ 11,768 ​ — ​ — ​ 11,768 ​ 11,768 Accrued interest receivable ​ ​ 54,163 ​ ​ 54,163 ​ ​ — ​ ​ — ​ ​ 54,163 Liabilities: ​ ​ ​ ​ ​ ​ Deposits ​ $ 10,688,932 ​ $ 7,545,262 ​ $ 3,145,870 ​ $ — ​ $ 10,691,132 Borrowings ​ 1,409,056 ​ 609,056 ​ 800,000 ​ — ​ 1,409,056 Subordinated debt ​ ​ 173,397 ​ ​ — ​ ​ — ​ ​ 136,002 ​ ​ 136,002 Accrued interest payable ​ 42,177 ​ 42,177 ​ — ​ — ​ 42,177 ​

SECURITIES (Tables)

SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 11,705 ​ $ — ​ $ (1,362) ​ $ — ​ $ 10,343 Agency mortgage-backed securities ​ ​ 600,907 ​ ​ — ​ ​ (4,628) ​ ​ — ​ ​ 596,279 Municipal bonds ​ ​ 49,369 ​ ​ — ​ ​ (3,080) ​ ​ — ​ ​ 46,289 SBA securities ​ ​ 12,225 ​ ​ 2 ​ ​ (110) ​ ​ — ​ ​ 12,117 Beneficial interests in FHLMC securitization ​ 14,240 ​ ​ — ​ ​ (506) ​ ​ (6,593) ​ 7,141 Corporate bonds ​ 138,823 ​ ​ — ​ ​ (13,708) ​ ​ (1,318) ​ 123,797 U.S. Treasury ​ 1,299 ​ ​ — ​ ​ (50) ​ ​ — ​ 1,249 Total ​ $ 828,568 ​ $ 2 ​ $ (23,444) ​ $ (7,911) ​ $ 797,215 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ 8,946 ​ $ — ​ $ (1,341) ​ $ — ​ $ 7,605 Agency mortgage-backed securities ​ ​ 106,733 ​ ​ 1,028 ​ ​ (414) ​ ​ — ​ ​ 107,347 Municipal bonds ​ ​ 49,473 ​ ​ — ​ ​ (3,037) ​ ​ — ​ ​ 46,436 SBA securities ​ ​ 13,631 ​ ​ 2 ​ ​ (106) ​ ​ — ​ ​ 13,527 Beneficial interests in FHLMC securitization ​ 14,473 ​ 4 ​ (418) ​ (6,818) ​ 7,241 Corporate bonds ​ 138,858 ​ — ​ (15,176) ​ (1,402) ​ 122,280 U.S. Treasury ​ 399,375 ​ — ​ (585) ​ — ​ 398,790 Total ​ $ 731,489 ​ $ 1,034 ​ $ (21,077) ​ $ (8,220) ​ $ 703,226
Summary of HTM Securities Portfolio	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Gross Unrecognized ​ Allowance for ​ Estimated (dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Credit Losses ​ Fair Value March 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ 775,702 ​ $ — ​ $ (84,942) ​ $ — ​ $ 690,760 Total ​ $ 775,702 ​ $ — ​ $ (84,942) ​ $ — ​ $ 690,760 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ 789,578 ​ $ 1 ​ $ (79,558) ​ $ — ​ $ 710,021 Total ​ $ 789,578 ​ $ 1 ​ $ (79,558) ​ $ — ​ $ 710,021
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 securities AFS portfolio, 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 March 31, 2024 ​ ​ 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 ​ $ 2,879 ​ $ (60) ​ $ 7,464 ​ $ (1,302) ​ $ 10,343 ​ $ (1,362) Agency mortgage-backed securities ​ ​ 591,018 ​ ​ (4,199) ​ ​ 5,261 ​ ​ (429) ​ ​ 596,279 ​ ​ (4,628) Municipal bonds ​ ​ 2,271 ​ ​ (34) ​ ​ 42,708 ​ ​ (3,046) ​ ​ 44,979 ​ ​ (3,080) SBA securities ​ ​ 65 ​ ​ — ​ ​ 10,627 ​ ​ (110) ​ ​ 10,692 ​ ​ (110) Beneficial interests in FHLMC securitization ​ ​ 1,308 ​ ​ (21) ​ ​ 3,992 ​ ​ (485) ​ ​ 5,300 ​ ​ (506) Corporate bonds ​ ​ 28,435 ​ ​ (1,565) ​ ​ 96,680 ​ ​ (12,143) ​ ​ 125,115 ​ ​ (13,708) U.S. Treasury ​ ​ 398 ​ ​ (2) ​ ​ 851 ​ ​ (48) ​ ​ 1,249 ​ ​ (50) Total ​ $ 626,374 ​ $ (5,881) ​ $ 167,583 ​ $ (17,563) ​ $ 793,957 ​ $ (23,444) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities with Unrealized Loss at December 31, 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 $ — $ — $ 7,606 $ (1,341) $ 7,606 $ (1,341) Agency mortgage-backed securities ​ ​ — ​ ​ — ​ ​ 5,710 ​ ​ (414) ​ ​ 5,710 ​ ​ (414) Municipal bonds ​ ​ 1,779 ​ ​ (26) ​ ​ 42,847 ​ ​ (3,011) ​ ​ 44,626 ​ ​ (3,037) SBA securities ​ ​ 353 ​ ​ — ​ ​ 12,025 ​ ​ (106) ​ ​ 12,378 ​ ​ (106) Beneficial interests in FHLMC securitization ​ ​ — ​ ​ — ​ ​ 4,041 ​ ​ (418) ​ ​ 4,041 ​ ​ (418) Corporate bonds ​ ​ 14,847 ​ ​ (153) ​ ​ 108,832 ​ ​ (15,023) ​ ​ 123,679 ​ ​ (15,176) U.S. Treasury ​ 397,942 ​ (534) ​ 848 ​ (51) ​ 398,790 ​ (585) Total ​ $ 414,921 ​ $ (713) ​ $ 181,909 ​ $ (20,364) ​ $ 596,830 ​ $ (21,077) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities with Unrecognized Loss at March 31, 2024 ​ ​ 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 ​ $ 19,455 ​ $ (111) ​ $ 671,305 ​ $ (84,831) ​ $ 690,760 ​ $ (84,942) Total ​ $ 19,455 ​ $ (111) ​ $ 671,305 ​ $ (84,831) ​ $ 690,760 ​ $ (84,942) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities with Unrecognized Loss at December 31, 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 ​ $ — ​ $ — ​ $ 689,454 ​ $ (79,558) ​ $ 689,454 ​ $ (79,558) Total ​ $ — ​ $ — ​ $ 689,454 ​ $ (79,558) ​ $ 689,454 ​ $ (79,558)
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 March 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beneficial interests in FHLMC securitization ​ $ 6,818 ​ $ (225) ​ $ — ​ $ — ​ $ 6,593 Corporate bonds ​ ​ 1,402 ​ ​ (84) ​ ​ — ​ ​ — ​ ​ 1,318 Total $ 8,220 $ (309) $ — $ — $ 7,911 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beneficial interests in FHLMC securitization ​ $ 11,439 ​ $ (124) ​ $ — ​ $ — ​ $ 11,315 Corporate bonds ​ ​ — ​ ​ 973 ​ ​ — ​ ​ — ​ ​ 973 Total $ 11,439 $ 849 $ — $ — $ 12,288 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beneficial interests in FHLMC securitization ​ $ 11,439 ​ $ (650) ​ $ (3,971) ​ $ — ​ $ 6,818 Corporate bonds ​ ​ — ​ ​ 1,402 ​ ​ — ​ ​ — ​ ​ 1,402 Total $ 11,439 $ 752 $ (3,971) $ — $ 8,220
Schedule Maturities of Securities AFS by Contractual Maturity	The amortized cost and fair value of investment securities AFS by contractual maturity were as follows for the periods indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 Year or More than 1 Year More than 5 Years More than ​ ​ (dollars in thousands) ​ Less ​ through 5 Years ​ through 10 Years ​ 10 Years ​ Total March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost: ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ 455 ​ $ — ​ $ 11,250 ​ $ 11,705 ​ Agency mortgage-backed securities ​ ​ 87 ​ ​ 3,997 ​ ​ — ​ ​ 596,823 ​ ​ 600,907 ​ Municipal bonds ​ ​ — ​ ​ 11,423 ​ ​ 34,962 ​ ​ 2,984 ​ ​ 49,369 ​ SBA securities ​ ​ — ​ ​ 838 ​ ​ 588 ​ ​ 10,799 ​ ​ 12,225 ​ Beneficial interests in FHLMC securitization ​ ​ 3,243 ​ ​ 5,190 ​ ​ — ​ ​ 5,807 ​ ​ 14,240 ​ Corporate bonds ​ ​ 5,000 ​ ​ 61,949 ​ ​ 66,348 ​ ​ 5,526 ​ ​ 138,823 ​ U.S. Treasury ​ 799 ​ ​ 500 ​ ​ — ​ ​ — ​ 1,299 ​ Total ​ $ 9,129 ​ $ 84,352 ​ $ 101,898 ​ $ 633,189 ​ $ 828,568 ​ Weighted average yield ​ 2.84 % 6.40 % 2.89 % 5.35 % 5.13 % Estimated Fair Value: ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ 409 ​ $ — ​ $ 9,934 ​ $ 10,343 ​ Agency mortgage-backed securities ​ ​ 85 ​ ​ 3,781 ​ ​ — ​ ​ 592,413 ​ ​ 596,279 ​ Municipal bonds ​ ​ — ​ ​ 10,885 ​ ​ 32,934 ​ ​ 2,470 ​ ​ 46,289 ​ SBA securities ​ ​ — ​ ​ 832 ​ ​ 586 ​ ​ 10,699 ​ ​ 12,117 ​ Beneficial interests in FHLMC securitization ​ ​ 3,243 ​ ​ 5,190 ​ ​ — ​ ​ 5,301 ​ ​ 13,734 ​ Corporate bonds ​ ​ 4,997 ​ ​ 58,795 ​ ​ 57,344 ​ ​ 3,979 ​ ​ 125,115 ​ U.S. Treasury ​ 786 ​ ​ 463 ​ ​ — ​ ​ — ​ 1,249 ​ Total ​ $ 9,111 ​ $ 80,355 ​ $ 90,864 ​ $ 624,796 ​ $ 805,126 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 Year or More than 1 Year More than 5 Years More than ​ ​ (dollars in thousands) ​ Less ​ through 5 Years ​ through 10 Years ​ 10 Years ​ Total December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost: ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ — ​ $ 513 ​ $ 8,433 ​ $ 8,946 ​ Agency mortgage-backed securities ​ ​ 141 ​ ​ 4,364 ​ ​ — ​ ​ 102,228 ​ ​ 106,733 ​ Municipal bonds ​ ​ — ​ ​ 9,672 ​ ​ 36,103 ​ ​ 3,698 ​ ​ 49,473 ​ SBA securities ​ ​ — ​ ​ 944 ​ ​ 623 ​ ​ 12,064 ​ ​ 13,631 ​ Beneficial interests in FHLMC securitization ​ ​ 3,315 ​ ​ 5,380 ​ ​ — ​ ​ 5,778 ​ ​ 14,473 ​ Corporate bonds ​ ​ 5,012 ​ ​ 60,444 ​ ​ 67,872 ​ ​ 5,530 ​ ​ 138,858 ​ U.S. Treasury ​ 398,676 ​ 699 ​ — ​ — ​ 399,375 ​ Total ​ $ 407,144 ​ $ 81,503 ​ $ 105,111 ​ $ 137,731 ​ $ 731,489 ​ Weighted average yield ​ 5.47 % 6.46 % 2.90 % 5.94 % 5.30 % Estimated Fair Value: ​ ​ ​ ​ ​ ​ Collateralized mortgage obligations ​ $ — ​ $ — ​ $ 466 ​ $ 7,139 ​ $ 7,605 ​ Agency mortgage-backed securities ​ ​ 137 ​ ​ 4,134 ​ ​ — ​ ​ 103,076 ​ ​ 107,347 ​ Municipal bonds ​ ​ — ​ ​ 9,231 ​ ​ 34,142 ​ ​ 3,063 ​ ​ 46,436 ​ SBA securities ​ ​ — ​ ​ 936 ​ ​ 622 ​ ​ 11,969 ​ ​ 13,527 ​ Beneficial interests in FHLMC securitization ​ ​ 3,315 ​ ​ 5,380 ​ ​ — ​ ​ 5,364 ​ ​ 14,059 ​ Corporate bonds ​ ​ 4,973 ​ ​ 58,337 ​ ​ 56,395 ​ ​ 3,977 ​ ​ 123,682 ​ U.S. Treasury ​ 398,135 ​ 655 ​ — ​ — ​ 398,790 ​ Total ​ $ 406,560 ​ $ 78,673 ​ $ 91,625 ​ $ 134,588 ​ $ 711,446 ​
Schedule of Maturities of Securities HTM	The amortized cost and fair value of investment securities HTM by contractual maturity were as follows for the periods indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 Year or More than 1 Year More than 5 Years More than ​ ​ (dollars in thousands) ​ Less ​ through 5 Years ​ through 10 Years ​ 10 Years ​ Total March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost: ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ — ​ $ 3,915 ​ $ 11,956 ​ $ 759,831 ​ $ 775,702 ​ Total ​ $ — ​ $ 3,915 ​ $ 11,956 ​ $ 759,831 ​ $ 775,702 ​ Weighted average yield ​ — % 0.87 % 1.47 % 2.30 % ​ 2.28 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value: ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ — ​ $ 3,644 ​ $ 10,847 ​ $ 676,269 ​ $ 690,760 ​ Total ​ $ — ​ $ 3,644 ​ $ 10,847 ​ $ 676,269 ​ $ 690,760 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 Year or More than 1 Year More than 5 Years More than ​ ​ (dollars in thousands) ​ Less ​ through 5 Years ​ through 10 Years ​ 10 Years ​ Total December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost: ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ — ​ $ 4,259 ​ $ 12,537 ​ $ 772,782 ​ $ 789,578 ​ Total ​ $ — ​ $ 4,259 ​ $ 12,537 ​ $ 772,782 ​ $ 789,578 ​ Weighted average yield ​ — % 0.86 % 1.44 % 2.26 % ​ 2.24 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value: ​ ​ ​ ​ ​ ​ Agency mortgage-backed securities ​ $ — ​ $ 3,972 ​ $ 11,457 ​ $ 694,592 ​ $ 710,021 ​ Total ​ $ — ​ $ 3,972 ​ $ 11,457 ​ $ 694,592 ​ $ 710,021 ​ ​

LOANS (Tables)

LOANS (Tables)	3 Months Ended
	Mar. 31, 2024
LOANS
Schedule of summary of loans held for investment	The following is a summary of our loans held for investment as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, (dollars in thousands) 2024 2023 Outstanding principal balance: ​ ​ ​ ​ Loans secured by real estate: ​ ​ Residential properties: ​ ​ Multifamily ​ $ 5,220,725 ​ $ 5,227,885 Single family ​ 929,922 ​ 950,712 Total real estate loans secured by residential properties ​ 6,150,647 ​ 6,178,597 Commercial properties ​ 990,769 ​ 987,596 Land and construction ​ 95,532 ​ 137,298 Total real estate loans ​ 7,236,948 ​ 7,303,491 Commercial and industrial loans ​ 2,831,982 ​ 2,856,228 Consumer loans ​ 1,261 ​ 1,328 Total loans ​ 10,070,191 ​ 10,161,047 Premiums, discounts and deferred fees and expenses ​ 16,155 ​ 16,755 Total ​ $ 10,086,346 ​ $ 10,177,802
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 March 31, 2024: ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ Residential properties ​ $ 816 ​ $ 732 ​ $ — ​ $ 448 ​ $ 1,996 ​ $ 6,167,416 ​ $ 6,169,412 Commercial properties ​ 8,570 ​ — ​ — ​ 8,315 ​ 16,885 ​ 972,961 ​ 989,846 Land and construction ​ — ​ — ​ — ​ — ​ — ​ 95,269 ​ 95,269 Commercial and industrial loans ​ 3,280 ​ 4,550 ​ — ​ 9,047 ​ 16,877 ​ 2,813,628 ​ 2,830,505 Consumer loans ​ 156 ​ — ​ — ​ — ​ 156 ​ 1,158 ​ 1,314 Total ​ $ 12,822 ​ $ 5,282 ​ $ — ​ $ 17,810 ​ $ 35,914 ​ $ 10,050,432 ​ $ 10,086,346 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Percentage of total loans ​ 0.13 % 0.05 % — % 0.18 % 0.36 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023: ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ Residential properties ​ $ 93 ​ $ 416 ​ $ — ​ $ 112 ​ $ 621 ​ $ 6,196,923 ​ $ 6,197,544 Commercial properties ​ 27,403 ​ 403 ​ 1,730 ​ 2,915 ​ 32,451 ​ 954,321 ​ 986,772 Land and construction ​ — ​ — ​ — ​ — ​ — ​ 136,827 ​ 136,827 Commercial and industrial loans ​ 525 ​ 88 ​ — ​ 8,804 ​ 9,417 ​ 2,845,845 ​ 2,855,262 Consumer loans ​ — ​ — ​ — ​ — ​ — ​ 1,397 ​ 1,397 Total ​ $ 28,021 ​ $ 907 ​ $ 1,730 ​ $ 11,831 ​ $ 42,489 ​ $ 10,135,313 ​ $ 10,177,802 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Percentage of total loans ​ 0.28 % 0.01 % 0.02 % 0.12 % 0.42 % ​
Summary of nonaccrual loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nonaccrual ​ Nonaccrual ​ ​ with Allowance ​ with no Allowance (dollars in thousands) for Credit Losses for Credit Losses March 31, 2024: ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ Residential properties ​ $ 448 ​ $ — Commercial properties ​ ​ 2,853 ​ ​ 5,462 Commercial and industrial loans ​ 8,797 ​ 250 Consumer loans ​ — ​ — Total ​ $ 12,098 ​ $ 5,712 ​ ​ ​ ​ ​ ​ ​ December 31, 2023: ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ Residential properties ​ $ — ​ $ 112 Commercial properties ​ ​ — ​ ​ 2,915 Commercial and industrial loans ​ 7,406 ​ 1,398 Total ​ $ 7,406 ​ $ 4,425
Schedule of composition of TDRs by accrual and nonaccrual status	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024: ​ ​ Term Extension ​ ​ ​ Amortized Cost Basis ​ % of Total Class of Loans ​ Financial Effect Commercial real estate loans ​ $ 12,900 1.3 % 1 loan with term extension of 3 months . Commercial and industrial loans ​ ​ 736 ​ 0.03 % 10 loans with term extensions of 3 months ; 3 loans with term extensions of 10 months , 12 months and 60 months , respectively. Total ​ $ 13,636 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Combination ​ ​ ​ Amortized Cost Basis ​ % of Total Class of Loans ​ Financial Effect Commercial and industrial loans ​ $ 6,800 ​ 0.24 % 1 loan with term extension of 6 months and 5 month payment forbearance; 4 loans with term extensions of 7 months and payment forbearances of 6 months . Total ​ $ 6,800 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ Amortized Cost Basis ​ % of Total Class of Loans ​ ​ Commercial real estate loans ​ $ 12,900 1.30 % ​ Commercial and industrial loans ​ ​ 7,536 ​ 0.27 % ​ Total ​ $ 20,436 ​ ​ ​ ​ The following presents the payment status of our loan modifications made during the previous twelve-month period of April 1, 2023 to March 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ 90+ Days ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ ​ Current ​ Past Due ​ Past Due ​ ​ Nonaccrual ​ Total March 31, 2024: ​ ​ ​ ​ ​ ​ ​ Residential loans $ 247 ​ $ — ​ $ — ​ $ — ​ $ 247 Commercial real estate loans ​ 13,525 ​ ​ — ​ ​ — ​ ​ 8,084 ​ ​ 21,609 Commercial and industrial loans ​ 13,968 ​ ​ — ​ ​ — ​ ​ — ​ ​ 13,968 Total $ 27,740 ​ $ — ​ $ — ​ $ 8,084 ​ $ 35,824

ALLOWANCE FOR CREDIT LOSSES (Ta

ALLOWANCE FOR CREDIT LOSSES (Tables)	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024: ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ Residential properties ​ $ 9,921 ​ $ (1,547) ​ $ — ​ ​ $ — ​ $ 8,374 Commercial properties ​ 4,148 ​ 449 ​ — ​ ​ — ​ 4,597 Land and construction ​ 332 ​ (266) ​ — ​ ​ — ​ 66 Commercial and industrial loans ​ 14,796 ​ 1,797 ​ (493) ​ ​ 151 ​ 16,251 Consumer loans ​ 8 ​ (2) ​ — ​ ​ 1 ​ 7 Total ​ $ 29,205 ​ $ 431 ​ $ (493) ​ ​ $ 152 ​ $ 29,295 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2023: ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ Residential properties ​ $ 8,306 ​ $ (43) ​ $ — ​ ​ $ — ​ $ 8,263 Commercial properties ​ 8,714 ​ (2,732) ​ (249) ​ ​ — ​ 5,733 Land and construction ​ 164 ​ 152 ​ — ​ ​ — ​ 316 Commercial and industrial loans ​ 16,521 ​ 1,685 ​ (1,752) ​ ​ 306 ​ 16,760 Consumer loans ​ 26 ​ (1) ​ (2) ​ ​ — ​ 23 Total ​ $ 33,731 ​ $ (939) ​ $ (2,003) ​ ​ $ 306 ​ $ 31,095 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2023: ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ Residential properties ​ $ 8,306 ​ $ 1,615 ​ $ — ​ ​ $ — ​ $ 9,921 Commercial properties ​ 8,714 ​ (4,317) ​ (249) ​ ​ — ​ 4,148 Land and construction ​ 164 ​ 168 ​ — ​ ​ — ​ 332 Commercial and industrial loans ​ 16,521 ​ 1,171 ​ (4,998) ​ ​ 2,102 ​ 14,796 Consumer loans ​ 26 ​ (18) ​ (2) ​ ​ 2 ​ 8 Total ​ $ 33,731 ​ $ (1,381) ​ $ (5,249) ​ ​ $ 2,104 ​ $ 29,205 ​
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 March 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate loans ​ 5,462 ​ — ​ — ​ 5,462 ​ — Commercial loans ​ — ​ 250 ​ — ​ 250 ​ — Total ​ $ 5,462 ​ $ 250 ​ $ — ​ $ 5,712 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate loans ​ 2,523 ​ — ​ — ​ 2,523 ​ — Commercial loans ​ — ​ 250 ​ 978 ​ 1,228 ​ — Total ​ $ 2,523 ​ $ 250 ​ $ 978 ​ $ 3,751 ​ $ —
Risk Category of Loans by Class of Loans	The following tables present risk categories of loans based on year of origination, and includes gross charge-offs in accordance with ASU 2022-02 as of the dates presented: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ (dollars in thousands) 2024 2023 2022 2021 2020 Prior Loans Total March 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 11,840 $ 37,338 ​ $ 2,353,803 $ 1,537,271 $ 755,425 ​ $ 526,040 $ — $ 5,221,717 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,125 ​ ​ — ​ ​ 1,125 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 13,027 ​ ​ — ​ ​ 13,027 Total $ 11,840 $ 37,338 ​ $ 2,353,803 $ 1,537,271 $ 755,425 ​ $ 540,192 $ — $ 5,235,869 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ — $ 10,594 ​ $ 256,453 $ 265,560 $ 92,293 ​ $ 239,977 $ 47,630 $ 912,507 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 20,004 ​ ​ — ​ ​ 20,004 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 898 ​ ​ 134 ​ ​ 1,032 Total $ — $ 10,594 ​ $ 256,453 $ 265,560 $ 92,293 ​ $ 260,879 $ 47,764 $ 933,543 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 614 $ 2,435 ​ $ 222,908 $ 129,672 $ 146,487 ​ $ 441,460 $ — $ 943,576 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,215 ​ ​ 2,259 ​ ​ 1,201 ​ ​ — ​ ​ 4,675 Substandard ​ ​ — ​ ​ 12,900 ​ ​ — ​ ​ 114 ​ ​ 1,389 ​ ​ 27,192 ​ ​ — ​ ​ 41,595 Total $ 614 $ 15,335 ​ $ 222,908 $ 131,001 $ 150,135 ​ $ 469,853 $ — $ 989,846 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land and construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ — $ 22,503 ​ $ 37,070 $ 18,646 $ 9,388 ​ $ 7,662 $ — $ 95,269 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ — $ 22,503 ​ $ 37,070 $ 18,646 $ 9,388 ​ $ 7,662 $ — $ 95,269 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 43,231 $ 177,918 ​ $ 1,065,076 $ 273,177 $ 113,850 ​ $ 41,252 $ 1,070,563 $ 2,785,067 Special mention ​ ​ — ​ ​ — ​ ​ 1,240 ​ ​ 24,578 ​ ​ 298 ​ ​ 644 ​ ​ 730 ​ ​ 27,490 Substandard ​ ​ 133 ​ ​ 53 ​ ​ 380 ​ ​ 798 ​ ​ 3,768 ​ ​ 1,788 ​ ​ 11,028 ​ ​ 17,948 Total $ 43,364 $ 177,971 ​ $ 1,066,696 $ 298,553 $ 117,916 ​ $ 43,684 $ 1,082,321 $ 2,830,505 Gross charge-offs ​ $ — ​ $ 15 ​ $ 359 ​ $ 84 ​ $ 35 ​ $ — ​ $ — ​ $ 493 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 32 $ 11 ​ $ — $ 557 $ — ​ $ 353 $ 361 $ 1,314 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 32 $ 11 ​ $ — $ 557 $ — ​ $ 353 $ 361 $ 1,314 Gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 55,717 $ 250,799 ​ $ 3,935,310 $ 2,224,883 $ 1,117,443 ​ $ 1,256,744 $ 1,118,554 $ 9,959,450 Special mention ​ ​ — ​ ​ — ​ ​ 1,240 ​ ​ 25,793 ​ ​ 2,557 ​ ​ 22,974 ​ ​ 730 ​ ​ 53,294 Substandard ​ ​ 133 ​ ​ 12,953 ​ ​ 380 ​ ​ 912 ​ ​ 5,157 ​ ​ 42,905 ​ ​ 11,162 ​ ​ 73,602 Total $ 55,850 $ 263,752 ​ $ 3,936,930 $ 2,251,588 $ 1,125,157 ​ $ 1,322,623 $ 1,130,446 $ 10,086,346 Gross charge-offs ​ $ — ​ $ 15 ​ $ 359 ​ $ 84 ​ $ 35 ​ $ — ​ $ — ​ $ 493 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ (dollars in thousands) 2023 2022 2021 2020 2019 Prior Loans Total December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 37,343 $ 2,355,381 ​ $ 1,537,636 $ 763,736 $ 289,675 ​ $ 243,146 $ — $ 5,226,917 Special mention ​ ​ — ​ ​ — ​ ​ 1,248 ​ ​ — ​ ​ 5,577 ​ ​ 9,426 ​ ​ — ​ ​ 16,251 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 37,343 $ 2,355,381 ​ $ 1,538,884 $ 763,736 $ 295,252 ​ $ 252,572 $ — $ 5,243,168 Gross charge-offs ​ $ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 13,631 $ 259,043 ​ $ 267,373 $ 92,567 $ 38,132 ​ $ 208,035 $ 54,444 $ 933,225 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 20,166 ​ ​ — ​ ​ 20,166 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 846 ​ ​ 139 ​ ​ 985 Total $ 13,631 $ 259,043 ​ $ 267,373 $ 92,567 $ 38,132 ​ $ 229,047 $ 54,583 $ 954,376 Gross charge-offs ​ $ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 2,469 $ 221,525 ​ $ 130,579 $ 119,684 $ 81,243 ​ $ 383,729 $ — $ 939,229 Special mention ​ ​ — ​ ​ — ​ ​ 1,223 ​ ​ 2,275 ​ ​ — ​ ​ 10,747 ​ ​ — ​ ​ 14,245 Substandard ​ ​ 12,900 ​ ​ — ​ ​ 116 ​ ​ 1,445 ​ ​ 11,424 ​ ​ 7,413 ​ ​ — ​ ​ 33,298 Total $ 15,369 $ 221,525 ​ $ 131,918 $ 123,404 $ 92,667 ​ $ 401,889 $ — $ 986,772 Gross charge-offs ​ $ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 249 ​ ​ — ​ $ 249 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land and construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 19,151 $ 43,923 ​ $ 29,445 $ 36,498 $ 807 ​ $ 7,003 $ — $ 136,827 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 19,151 $ 43,923 ​ $ 29,445 $ 36,498 $ 807 ​ $ 7,003 $ — $ 136,827 Gross charge-offs ​ $ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 182,391 $ 1,082,510 ​ $ 291,663 $ 119,035 $ 21,314 ​ $ 25,030 $ 1,087,075 $ 2,809,018 Special mention ​ ​ — ​ ​ 1,360 ​ ​ 24,653 ​ ​ 703 ​ ​ 56 ​ ​ 656 ​ ​ 735 ​ ​ 28,163 Substandard ​ ​ 55 ​ ​ 12 ​ ​ 842 ​ ​ 3,881 ​ ​ 1,325 ​ ​ 458 ​ ​ 11,508 ​ ​ 18,081 Total $ 182,446 $ 1,083,882 ​ $ 317,158 $ 123,619 $ 22,695 ​ $ 26,144 $ 1,099,318 $ 2,855,262 Gross charge-offs ​ $ 257 ​ ​ 1,420 ​ ​ 1,205 ​ ​ 587 ​ ​ 117 ​ ​ 48 ​ ​ 1,364 ​ $ 4,998 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 47 $ — ​ $ 577 $ — $ 299 ​ $ 59 $ 415 $ 1,397 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total $ 47 $ — ​ $ 577 $ — $ 299 ​ $ 59 $ 415 $ 1,397 Gross charge-offs ​ $ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ $ 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 255,032 $ 3,962,382 ​ $ 2,257,273 $ 1,131,520 $ 431,470 ​ $ 867,002 $ 1,141,934 $ 10,046,613 Special mention ​ ​ — ​ ​ 1,360 ​ ​ 27,124 ​ ​ 2,978 ​ ​ 5,633 ​ ​ 40,995 ​ ​ 735 ​ ​ 78,825 Substandard ​ ​ 12,955 ​ ​ 12 ​ ​ 958 ​ ​ 5,326 ​ ​ 12,749 ​ ​ 8,717 ​ ​ 11,647 ​ ​ 52,364 Total $ 267,987 $ 3,963,754 ​ $ 2,285,355 $ 1,139,824 $ 449,852 ​ $ 916,714 $ 1,154,316 $ 10,177,802 Gross charge-offs ​ $ 257 ​ ​ 1,420 ​ ​ 1,205 ​ ​ 587 ​ ​ 117 ​ ​ 297 ​ ​ 1,366 ​ $ 5,249

DEPOSITS (Tables)

DEPOSITS (Tables)	3 Months Ended
	Mar. 31, 2024
DEPOSITS
Summary of Outstanding Balance of Deposits and Average Rates	The following table summarizes the outstanding balance of deposits and average rates paid thereon as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ December 31, 2023 ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ Weighted ​ ​ (dollars in thousands) ​ Amount ​ Average Rate ​ Amount ​ Average Rate ​ ​ Demand deposits: ​ ​ ​ Noninterest-bearing ​ $ 1,827,520 — ​ $ 1,467,806 — ​ ​ Interest-bearing ​ 2,785,092 3.65 % 2,881,786 2.94 % ​ Money market and savings ​ 3,309,002 3.79 % 3,195,670 3.81 % ​ Certificates of deposit ​ 2,717,356 4.76 % 3,143,670 4.87 % ​ Total ​ $ 10,638,970 3.35 % $ 10,688,932 3.36 % ​
Summary of Large Denomination Certificates of Deposit Maturity Distribution	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ December 31, 2023 Large Denomination Certificates of Deposit Maturity Distribution (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ 3 months or less ​ $ 25,049 ​ $ 343,078 ​ Over 3 months through 6 months ​ ​ 23,652 ​ ​ 24,126 ​ Over 6 months through 12 months ​ 110,073 ​ 56,415 ​ Over 12 months ​ ​ 3,676 ​ ​ 30,994 ​ Total ​ $ 162,450 ​ $ 454,613 ​

SUBORDINATED DEBT (Tables)

SUBORDINATED DEBT (Tables)	3 Months Ended
	Mar. 31, 2024
SUBORDINATED DEBT.
Summary of outstanding subordinated notes	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ Current ​ ​ Carrying Value ​ ​ ​ ​ Stated ​ Interest ​ ​ Principal ​ ​ March 31, ​ ​ December 31, ​ ​ (dollars in thousands) ​ Maturity ​ Rate ​ ​ Balance ​ 2024 ​ 2023 ​ ​ 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 $ 148,118 ​ $ 148,058 ​ ​ 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 ​ 25,295 ​ ​ 25,339 ​ ​ Total ​ ​ ​ ​ ​ $ 174,165 $ 173,413 ​ $ 173,397 ​ ​ ​

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2024
EARNINGS PER SHARE
Computation of Basic and Diluted Earnings Per Share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Three Months Ended ​ ​ ​ March 31, 2024 ​ March 31, 2023 ​ (dollars in thousands, except per share amounts) ​ Basic ​ Diluted ​ Basic ​ Diluted ​ Net income $ 793 $ 793 $ 8,496 $ 8,496 ​ Basic common shares outstanding ​ 56,484,655 ​ 56,484,655 ​ 56,376,669 ​ 56,376,669 ​ Effect of options, restricted stock and contingent shares issuable ​ ​ ​ ​ ​ 19,220 ​ ​ ​ ​ ​ 33,747 ​ Diluted common shares outstanding ​ ​ 56,503,875 ​ ​ 56,410,416 ​ Net income per share ​ $ 0.01 ​ $ 0.01 ​ $ 0.15 ​ $ 0.15 ​ ​

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	3 Months Ended
	Mar. 31, 2024
SEGMENT REPORTING
Key Operating Results of Business Segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Wealth ​ ​ ​ ​ (dollars in thousands) ​ Banking ​ Management ​ Other Total Three Months Ended March 31, 2024: ​ ​ ​ ​ Interest income ​ $ 150,453 ​ $ — ​ $ — ​ $ 150,453 Interest expense ​ 110,362 ​ — ​ 1,705 ​ 112,067 Net interest income ​ 40,091 ​ — ​ (1,705) ​ 38,386 Provision for credit losses ​ 577 ​ — ​ — ​ 577 Noninterest income ​ 5,683 ​ 7,349 ​ (349) ​ 12,683 Noninterest expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Compensation and benefits ​ ​ 15,172 ​ ​ 4,095 ​ ​ 140 ​ ​ 19,407 Customer service costs ​ ​ 10,738 ​ ​ — ​ ​ — ​ ​ 10,738 Professional services and marketing costs ​ ​ 2,532 ​ ​ 901 ​ ​ (43) ​ ​ 3,390 Other ​ ​ 16,098 ​ ​ 680 ​ ​ 296 ​ ​ 17,074 Income (loss) before income taxes ​ ​ 657 ​ ​ 1,673 ​ ​ (2,447) ​ ​ (117) Income tax (benefit) expense ​ ​ (711) ​ ​ 487 ​ ​ (686) ​ ​ (910) Net income (loss) ​ $ 1,368 ​ $ 1,186 ​ $ (1,761) ​ $ 793 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2023: ​ ​ ​ ​ Interest income ​ $ 137,000 ​ $ — ​ $ — ​ $ 137,000 Interest expense ​ 76,449 ​ — ​ 1,796 ​ 78,245 Net interest income ​ 60,551 ​ — ​ (1,796) ​ 58,755 Provision for credit losses ​ 417 ​ — ​ — ​ 417 Noninterest income ​ 4,801 ​ 7,291 ​ (394) ​ 11,698 Noninterest expense ​ ​ ​ ​ ​ ​ ​ ​ Compensation and benefits ​ ​ 20,260 ​ ​ 4,560 ​ ​ 466 ​ ​ 25,286 Customer service costs ​ ​ 16,715 ​ ​ — ​ ​ — ​ ​ 16,715 Professional services and marketing costs ​ ​ 2,664 ​ ​ 804 ​ ​ 827 ​ ​ 4,295 Other ​ ​ 12,006 ​ ​ 701 ​ ​ 337 ​ ​ 13,044 Income (loss) before income taxes ​ ​ 13,290 ​ ​ 1,226 ​ ​ (3,820) ​ ​ 10,696 Income tax expense (benefit) ​ ​ 2,947 ​ ​ 364 ​ ​ (1,111) ​ ​ 2,200 Net income (loss) ​ $ 10,343 ​ $ 862 ​ $ (2,709) ​ $ 8,496 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended
	Mar. 31, 2024 segment subsidiary	Mar. 31, 2023 segment
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Number of inactive wholly owned subsidiaries | subsidiary	2
Reportable business segments | segment	2	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	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	$ 797,215	$ 703,226
Investment in equity securities	11,776	11,768
Derivatives	6,035
Agency mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	596,279	107,347
Municipal bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	46,289	46,436
SBA securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	12,117	13,527
Beneficial interest - FHLMC securitizations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	7,141	7,241
Corporate bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	123,797	122,280
U.S. Treasury
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	1,249	398,790
Fair Value on Recurring Basis
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Investment in equity securities	11,776	11,768
Total assets at fair value on a recurring basis	808,991	714,994
Derivatives	6,035
Fair Value on Recurring Basis | Collateralized mortgage obligations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	10,343	7,605
Fair Value on Recurring Basis | Agency mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	596,279	107,347
Fair Value on Recurring Basis | Municipal bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	46,289	46,436
Fair Value on Recurring Basis | SBA securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	12,117	13,527
Fair Value on Recurring Basis | Beneficial interest - FHLMC securitizations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	7,141	7,242
Fair Value on Recurring Basis | Corporate bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	123,797	122,279
Fair Value on Recurring Basis | U.S. Treasury
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	1,249	398,790
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	1,249	398,790
Fair Value Measurement Level 1 | Fair Value on Recurring Basis | U.S. Treasury
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	1,249	398,790
Fair Value Measurement Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Derivatives	6,035
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	788,825	297,194
Derivatives	6,035
Fair Value Measurement Level 2 | Fair Value on Recurring Basis | Collateralized mortgage obligations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	10,343	7,605
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
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	596,279	107,347
Fair Value Measurement Level 2 | Fair Value on Recurring Basis | Municipal bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	46,289	46,436
Fair Value Measurement Level 2 | Fair Value on Recurring Basis | SBA securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	12,117	13,527
Fair Value Measurement Level 2 | Fair Value on Recurring Basis | Corporate bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	123,797	122,279
Fair Value Measurement Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Investment in equity securities	11,776	11,768
Fair Value Measurement Level 3 | Beneficial interest - FHLMC securitizations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Gain (loss) on investment	(100)
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	11,776	11,768
Total assets at fair value on a recurring basis	18,917	19,010
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
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	$ 7,141	$ 7,242

FAIR VALUE MEASUREMENTS - Valua

FAIR VALUE MEASUREMENTS - Valuation Assumptions (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($) item	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Allowance for credit losses	$ 29,295	$ 29,205	$ 31,095	$ 33,731
Real estate owned ("REO")	6,210	$ 8,381
Number Of Real Estate Properties Sold | item		1
Number of Real Estate Properties | item		2
Gain on sale of REO	679
Specific reserves	0	$ 0
Fair Value Measurement Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Impaired loans	$ 5,700	$ 18,700
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 | Minimum | Beneficial interest - FHLMC securitizations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Alternative investment measurement input	0.20	0.20
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 | Prepayment Rate | Maximum | Beneficial interest - FHLMC securitizations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Alternative investment measurement input	0.25	0.25
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 | Beneficial interest - FHLMC securitizations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Alternative investment measurement input	0.0755	0.0835
Fair Value Measurement Level 3 | Discount Rate | Maximum | Beneficial interest - FHLMC securitizations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Alternative investment measurement input	0.0984	0.100

FAIR VALUE MEASUREMENTS - Carry

FAIR VALUE MEASUREMENTS - Carrying Amounts and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets:
Cash and cash equivalents	$ 1,588,036	$ 1,326,629
Securities AFS, net	797,215	703,226
Securities HTM	775,702	789,578
Loans, net	10,057,051	10,148,597
Investment in FHLB stock	36,668	24,613
Investment in equity securities	11,776	11,768
Accrued interest receivable	53,446	54,163
Derivative assets	6,035
Liabilities:
Deposits	10,638,970	10,688,932
Borrowings	1,705,493	1,409,056
Subordinated debt	173,413	173,397
Accrued interest payable	44,342	42,177
Assets Fair Value:
Cash and cash equivalents	1,588,036	1,326,629
Securities AFS, net	797,215	703,226
Securities HTM	690,760	710,021
Loans, net	9,604,899	9,827,508
Investment in FHLB stock	36,668	24,613
Investment in equity securities	11,776	11,768
Liabilities Fair Value:
Deposits	10,627,286	10,691,132
Borrowings	1,705,493	1,409,056
Subordinated debt	136,514	136,002
Fair Value Measurement Level 1
Assets:
Accrued interest receivable	53,446	54,163
Liabilities:
Accrued interest payable	44,342	42,177
Assets Fair Value:
Cash and cash equivalents	1,588,036	1,326,629
Securities AFS, net	1,249	398,790
Liabilities Fair Value:
Deposits	7,921,615	7,545,262
Borrowings	905,493	609,056
Fair Value Measurement Level 2
Assets:
Investment in FHLB stock	36,668	24,613
Derivative assets	6,035
Assets Fair Value:
Securities AFS, net	788,825	297,194
Securities HTM	690,760	710,021
Investment in FHLB stock	36,668	24,613
Liabilities Fair Value:
Deposits	2,705,671	3,145,870
Borrowings	800,000	800,000
Fair Value Measurement Level 3
Assets:
Investment in equity securities	11,776	11,768
Liabilities:
Subordinated debt	136,514	136,002
Assets Fair Value:
Securities AFS, net	7,141	7,242
Loans, net	9,604,899	9,827,508
Investment in equity securities	$ 11,776	$ 11,768

SECURITIES - Summary of AFS Sec

SECURITIES - Summary of AFS Securities Portfolio (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities
Amortized Cost	$ 828,568	$ 731,489
Gross Unrealized Gains	2	1,034
Gross Unrealized Losses	(23,444)	(21,077)
Allowance for Credit Losses	(7,911)	(8,220)	$ (12,288)	$ (11,439)
Estimated Fair Value	797,215	703,226
Collateralized mortgage obligations
Schedule Of Available For Sale Securities
Amortized Cost	11,705	8,946
Gross Unrealized Losses	(1,362)	(1,341)
Estimated Fair Value	10,343	7,605
Agency mortgage-backed securities
Schedule Of Available For Sale Securities
Amortized Cost	600,907	106,733
Gross Unrealized Gains		1,028
Gross Unrealized Losses	(4,628)	(414)
Estimated Fair Value	596,279	107,347
Municipal bonds
Schedule Of Available For Sale Securities
Amortized Cost	49,369	49,473
Gross Unrealized Losses	(3,080)	(3,037)
Estimated Fair Value	46,289	46,436
SBA securities
Schedule Of Available For Sale Securities
Amortized Cost	12,225	13,631
Gross Unrealized Gains	2	2
Gross Unrealized Losses	(110)	(106)
Estimated Fair Value	12,117	13,527
Beneficial interest - FHLMC securitizations
Schedule Of Available For Sale Securities
Amortized Cost	14,240	14,473
Gross Unrealized Gains		4
Gross Unrealized Losses	(506)	(418)
Allowance for Credit Losses	(6,593)	(6,818)	(11,315)	$ (11,439)
Estimated Fair Value	7,141	7,241
Corporate bonds
Schedule Of Available For Sale Securities
Amortized Cost	138,823	138,858
Gross Unrealized Losses	(13,708)	(15,176)
Allowance for Credit Losses	(1,318)	(1,402)	$ (973)
Estimated Fair Value	123,797	122,280
U.S. Treasury
Schedule Of Available For Sale Securities
Amortized Cost	1,299	399,375
Gross Unrealized Losses	(50)	(585)
Estimated Fair Value	$ 1,249	$ 398,790

SECURITIES - Additional Informa

SECURITIES - Additional Information (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2024 USD ($) instrument	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Schedule Of Available For Sale Securities
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	$ 797,215,000		$ 703,226,000
Estimated Fair Value	690,760,000		710,021,000
Charge-offs related to interest -only strip securities	0	$ 0	4,000,000
Allowance for credit losses	7,911,000	12,288,000	8,220,000	$ 11,439,000
Provision (reversal) for credit losses - securities AFS	(309,000)	849,000	752,000
Securities available-for-sale	1,000,000,000
Net gain on sale of securities available-for-sale	221,000
Repurchase agreements | Asset pledged as collateral
Schedule Of Available For Sale Securities
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	80,000,000
Federal Funds Purchased | Asset pledged as collateral
Schedule Of Available For Sale Securities
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	444,500,000
U.S. Treasury
Schedule Of Available For Sale Securities
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	1,249,000		398,790,000
U.S. Treasury | Asset pledged as collateral
Schedule Of Available For Sale Securities
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	1,200,000
Agency mortgage-backed securities
Schedule Of Available For Sale Securities
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	596,279,000		107,347,000
Estimated Fair Value	690,760,000		710,021,000
Agency mortgage-backed securities | Asset pledged as collateral
Schedule Of Available For Sale Securities
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	260,800,000
Agency mortgage-backed securities | Federal Funds Purchased | Asset pledged as collateral
Schedule Of Available For Sale Securities
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	541,900,000
SBA securities
Schedule Of Available For Sale Securities
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	12,117,000		13,527,000
Corporate bonds
Schedule Of Available For Sale Securities
Securities available-for-sale ("AFS"), at fair value (amortized cost of $828,568 and $731,489 at March 31, 2024 and December 31, 2023; allowance for credit losses of $7,911 and $8,220 at March 31, 2024 and December 31, 2023)	123,797,000		122,280,000
Allowance for credit losses	$ 1,318,000	973,000	1,402,000
Number of financial instruments impacted by credit loss | instrument	17
Provision (reversal) for credit losses - securities AFS	$ (84,000)	$ 973,000	$ 1,402,000
Market value	$ 31,500,000

SECURITIES - Summary of HTM Sec

SECURITIES - Summary of HTM Securities Portfolio (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule of Held-to-maturity Securities
Amortized Cost	$ 775,702	$ 789,578
Gross Unrealized Gain		1
Gross Unrealized Loss	(84,942)	(79,558)
Estimated Fair Value	690,760	710,021
Agency mortgage-backed securities
Schedule of Held-to-maturity Securities
Amortized Cost	775,702	789,578
Gross Unrealized Gain		1
Gross Unrealized Loss	(84,942)	(79,558)
Estimated Fair Value	$ 690,760	$ 710,021

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	Mar. 31, 2024	Dec. 31, 2023
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value	$ 626,374	$ 414,921
Less than 12 months, Unrealized Loss	(5,881)	(713)
12 months or more, Fair Value	167,583	181,909
12 months or more, Unrealized Loss	(17,563)	(20,364)
Total, Fair Value	793,957	596,830
Total, Unrealized Loss	(23,444)	(21,077)
Collateralized mortgage obligations
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value	2,879
Less than 12 months, Unrealized Loss	(60)
12 months or more, Fair Value	7,464	7,606
12 months or more, Unrealized Loss	(1,302)	(1,341)
Total, Fair Value	10,343	7,606
Total, Unrealized Loss	(1,362)	(1,341)
Agency mortgage-backed securities
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value	591,018
Less than 12 months, Unrealized Loss	(4,199)
12 months or more, Fair Value	5,261	5,710
12 months or more, Unrealized Loss	(429)	(414)
Total, Fair Value	596,279	5,710
Total, Unrealized Loss	(4,628)	(414)
Municipal bonds
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value	2,271	1,779
Less than 12 months, Unrealized Loss	(34)	(26)
12 months or more, Fair Value	42,708	42,847
12 months or more, Unrealized Loss	(3,046)	(3,011)
Total, Fair Value	44,979	44,626
Total, Unrealized Loss	(3,080)	(3,037)
SBA securities
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value	65	353
12 months or more, Fair Value	10,627	12,025
12 months or more, Unrealized Loss	(110)	(106)
Total, Fair Value	10,692	12,378
Total, Unrealized Loss	(110)	(106)
Beneficial interest - FHLMC securitizations
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value	1,308
Less than 12 months, Unrealized Loss	(21)
12 months or more, Fair Value	3,992	4,041
12 months or more, Unrealized Loss	(485)	(418)
Total, Fair Value	5,300	4,041
Total, Unrealized Loss	(506)	(418)
Corporate bonds
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value	28,435	14,847
Less than 12 months, Unrealized Loss	(1,565)	(153)
12 months or more, Fair Value	96,680	108,832
12 months or more, Unrealized Loss	(12,143)	(15,023)
Total, Fair Value	125,115	123,679
Total, Unrealized Loss	(13,708)	(15,176)
U.S. Treasury
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value	398	397,942
Less than 12 months, Unrealized Loss	(2)	(534)
12 months or more, Fair Value	851	848
12 months or more, Unrealized Loss	(48)	(51)
Total, Fair Value	1,249	398,790
Total, Unrealized Loss	$ (50)	$ (585)

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	Mar. 31, 2024	Dec. 31, 2023
Schedule of Held-to-maturity Securities
Less than 12 months, Fair Value	$ 19,455
Less than 12 months, Unrecognized Loss	(111)
12 months or more, Fair Value	671,305	$ 689,454
12 months or more, Unrecognized Loss	(84,831)	(79,558)
Total, Fair Value	690,760	689,454
Total, Unrecognized Loss	(84,942)	(79,558)
Agency mortgage-backed securities
Schedule of Held-to-maturity Securities
Less than 12 months, Fair Value	19,455
Less than 12 months, Unrecognized Loss	(111)
12 months or more, Fair Value	671,305	689,454
12 months or more, Unrecognized Loss	(84,831)	(79,558)
Total, Fair Value	690,760	689,454
Total, Unrecognized Loss	$ (84,942)	$ (79,558)

SECURITIES - Schedule of Allowa

SECURITIES - Schedule of Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Schedule Of Available For Sale Securities
Beginning Balance for period	$ 8,220	$ 11,439	$ 11,439
Provision (Reversal) for Credit Losses	(309)	849	752
Charge-offs			(3,971)
Ending Balance for period	7,911	12,288	8,220
Beneficial interest - FHLMC securitizations
Schedule Of Available For Sale Securities
Beginning Balance for period	6,818	11,439	11,439
Provision (Reversal) for Credit Losses	(225)	(124)	(650)
Charge-offs			(3,971)
Ending Balance for period	6,593	11,315	6,818
Corporate bonds
Schedule Of Available For Sale Securities
Beginning Balance for period	1,402
Provision (Reversal) for Credit Losses	(84)	973	1,402
Ending Balance for period	$ 1,318	$ 973	$ 1,402

SECURITIES - Scheduled Maturiti

SECURITIES - Scheduled Maturities of Securities AFS and the Related Weighted Average Yields (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule Of Available For Sale Securities
Amortized cost, 1 Year or Less	$ 9,129	$ 407,144
Amortized cost, More than 1 Year through 5 Years	84,352	81,503
Amortized cost, More than 5 Years through 10 Years	101,898	105,111
Amortized cost, More than 10 Years	633,189	137,731
Amortized cost, total	$ 828,568	$ 731,489
Weighted average yield, 1 Year or Less	2.84%	5.47%
Weighted average yield, More than 1 Year through 5 Years	6.40%	6.46%
Weighted average yield, More than 5 Years through 10 Years	2.89%	2.90%
Weighted average yield, More than 10 Years	5.35%	5.94%
Weighted average yield, total	5.13%	5.30%
Estimated fair value, 1 Year or Less	$ 9,111	$ 406,560
Estimated fair value, More than 1 Year through 5 Years	80,355	78,673
Estimated fair value, More than 5 Years through 10 Years	90,864	91,625
Estimated fair value, More than 10 Years	624,796	134,588
Estimated fair value, total	805,126	711,446
Agency mortgage-backed securities
Schedule Of Available For Sale Securities
Amortized cost, 1 Year or Less	87	141
Amortized cost, More than 1 Year through 5 Years	3,997	4,364
Amortized cost, More than 10 Years	596,823	102,228
Amortized cost, total	600,907	106,733
Estimated fair value, 1 Year or Less	85	137
Estimated fair value, More than 1 Year through 5 Years	3,781	4,134
Estimated fair value, More than 10 Years	592,413	103,076
Estimated fair value, total	596,279	107,347
Municipal bonds
Schedule Of Available For Sale Securities
Amortized cost, More than 1 Year through 5 Years	11,423	9,672
Amortized cost, More than 5 Years through 10 Years	34,962	36,103
Amortized cost, More than 10 Years	2,984	3,698
Amortized cost, total	49,369	49,473
Estimated fair value, More than 1 Year through 5 Years	10,885	9,231
Estimated fair value, More than 5 Years through 10 Years	32,934	34,142
Estimated fair value, More than 10 Years	2,470	3,063
Estimated fair value, total	46,289	46,436
SBA securities
Schedule Of Available For Sale Securities
Amortized cost, More than 1 Year through 5 Years	838	944
Amortized cost, More than 5 Years through 10 Years	588	623
Amortized cost, More than 10 Years	10,799	12,064
Amortized cost, total	12,225	13,631
Estimated fair value, More than 1 Year through 5 Years	832	936
Estimated fair value, More than 5 Years through 10 Years	586	622
Estimated fair value, More than 10 Years	10,699	11,969
Estimated fair value, total	12,117	13,527
Beneficial interest - FHLMC securitizations
Schedule Of Available For Sale Securities
Amortized cost, 1 Year or Less	3,243	3,315
Amortized cost, More than 1 Year through 5 Years	5,190	5,380
Amortized cost, More than 10 Years	5,807	5,778
Amortized cost, total	14,240	14,473
Estimated fair value, 1 Year or Less	3,243	3,315
Estimated fair value, More than 1 Year through 5 Years	5,190	5,380
Estimated fair value, More than 10 Years	5,301	5,364
Estimated fair value, total	13,734	14,059
Corporate bonds
Schedule Of Available For Sale Securities
Amortized cost, 1 Year or Less	5,000	5,012
Amortized cost, More than 1 Year through 5 Years	61,949	60,444
Amortized cost, More than 5 Years through 10 Years	66,348	67,872
Amortized cost, More than 10 Years	5,526	5,530
Amortized cost, total	138,823	138,858
Estimated fair value, 1 Year or Less	4,997	4,973
Estimated fair value, More than 1 Year through 5 Years	58,795	58,337
Estimated fair value, More than 5 Years through 10 Years	57,344	56,395
Estimated fair value, More than 10 Years	3,979	3,977
Estimated fair value, total	125,115	123,682
U.S. Treasury
Schedule Of Available For Sale Securities
Amortized cost, 1 Year or Less	799	398,676
Amortized cost, More than 1 Year through 5 Years	500	699
Amortized cost, total	1,299	399,375
Estimated fair value, 1 Year or Less	786	398,135
Estimated fair value, More than 1 Year through 5 Years	463	655
Estimated fair value, total	1,249	398,790
Collateralized mortgage obligations
Schedule Of Available For Sale Securities
Amortized cost, More than 1 Year through 5 Years	455
Amortized cost, More than 5 Years through 10 Years		513
Amortized cost, More than 10 Years	11,250	8,433
Amortized cost, total	11,705	8,946
Estimated fair value, More than 1 Year through 5 Years	409
Estimated fair value, More than 5 Years through 10 Years		466
Estimated fair value, More than 10 Years	9,934	7,139
Estimated fair value, total	$ 10,343	$ 7,605

SECURITIES - Scheduled Maturi_2

SECURITIES - Scheduled Maturities of Securities HTM and the Related Weighted Average Yields (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
HTM - Amortized Cost
Amortized cost, More than 1 Year through 5 Years	$ 3,915	$ 4,259
Amortized cost, More than 5 Years through 10 Years	11,956	12,537
Amortized cost, More than 10 Years	759,831	772,782
Amortized cost, total	$ 775,702	$ 789,578
HTM - Weighted average yield
Weighted average yield, More than 1 Year through 5 Years	0.87%	0.86%
Weighted average yield, More than 5 Years through 10 Years	1.47%	1.44%
Weighted average yield, More than 10 Years	2.30%	2.26%
Weighted average yield, total	2.28%	2.24%
HTM - Estimated Fair Value
Estimated fair value, More than 1 Year through 5 Years	$ 3,644	$ 3,972
Estimated fair value, More than 5 Years through 10 Years	10,847	11,457
Estimated fair value, More than 10 Years	676,269	694,592
Estimated fair value, total	690,760	710,021
Agency mortgage-backed securities
HTM - Amortized Cost
Amortized cost, More than 1 Year through 5 Years	3,915	4,259
Amortized cost, More than 5 Years through 10 Years	11,956	12,537
Amortized cost, More than 10 Years	759,831	772,782
Amortized cost, total	775,702	789,578
HTM - Estimated Fair Value
Estimated fair value, More than 1 Year through 5 Years	3,644	3,972
Estimated fair value, More than 5 Years through 10 Years	10,847	11,457
Estimated fair value, More than 10 Years	676,269	694,592
Estimated fair value, total	$ 690,760	$ 710,021

LOANS - Summary of Loans (Detai

LOANS - Summary of Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Loans
Total loans	$ 10,070,191		$ 10,161,047
Premiums, discounts and deferred fees and expenses	16,155		16,755
Total loans	10,086,346		10,177,802
Securities pledged as collateral	80,000		76,300
Unpaid principal balance	3,700
Gain on sale of loans	263	$ 0
Loans held for sale	0		0
Asset pledged as collateral | Federal Reserve Bank advances | Loan Origination Commitments
Loans
Securities pledged as collateral	287,600		283,700
Asset pledged as collateral | Federal Home Loan Bank Advances | Loan Origination Commitments
Loans
Securities pledged as collateral	4,300,000		4,200,000
Multifamily
Loans
Total loans	5,235,869		5,243,168
Single family
Loans
Total loans	933,543		954,376
Commercial properties
Loans
Total loans	989,846		986,772
Land and construction
Loans
Total loans	95,269		136,827
Commercial and industrial loans
Loans
Total loans	2,831,982		2,856,228
Total loans	2,830,505		2,855,262
Consumer loans
Loans
Total loans	1,261		1,328
Total loans	1,314		1,397
Real Estate Loans
Loans
Total loans	7,236,948		7,303,491
Real Estate Loans | Residential properties
Loans
Total loans	6,150,647		6,178,597
Total loans	6,169,412		6,197,544
Real Estate Loans | Multifamily
Loans
Total loans	5,220,725		5,227,885
Real Estate Loans | Single family
Loans
Total loans	929,922		950,712
Real Estate Loans | Commercial properties
Loans
Total loans	990,769		987,596
Total loans	989,846		986,772
Real Estate Loans | Land and construction
Loans
Total loans	95,532		137,298
Total loans	$ 95,269		$ 136,827

LOANS - Summary of Delinquent a

LOANS - Summary of Delinquent and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Loans
Nonaccrual	$ 17,810	$ 11,831
Total	$ 10,086,346	$ 10,177,802
Percentage of Total Loans Due Nonaccrual	0.18%	0.12%
Financial Asset, Past Due
Loans
Total	$ 35,914	$ 42,489
Percentage of Total Loans	0.36%	0.42%
30-59 Days
Loans
Total	$ 12,822	$ 28,021
Percentage of Total Loans Due 30-59 Days	0.13%	0.28%
60-89 Days
Loans
Total	$ 5,282	$ 907
Percentage of Total Loans Due 60-89 Days	0.05%	0.01%
90 Days or More
Loans
Total		$ 1,730
Percentage of Total Loans Due 90 Days or More		0.02%
Financial Asset, Not Past Due
Loans
Total	$ 10,050,432	$ 10,135,313
Commercial properties
Loans
Total	989,846	986,772
Land and construction
Loans
Total	95,269	136,827
Commercial and industrial loans
Loans
Nonaccrual	9,047	8,804
Total	2,830,505	2,855,262
Commercial and industrial loans | Financial Asset, Past Due
Loans
Total	16,877	9,417
Commercial and industrial loans | 30-59 Days
Loans
Total	3,280	525
Commercial and industrial loans | 60-89 Days
Loans
Total	4,550	88
Commercial and industrial loans | Financial Asset, Not Past Due
Loans
Total	2,813,628	2,845,845
Consumer loans
Loans
Total	1,314	1,397
Consumer loans | Financial Asset, Past Due
Loans
Total	156
Consumer loans | 30-59 Days
Loans
Total	156
Consumer loans | Financial Asset, Not Past Due
Loans
Total	1,158	1,397
Real Estate Loans | Residential properties
Loans
Nonaccrual	448	112
Total	6,169,412	6,197,544
Real Estate Loans | Residential properties | Financial Asset, Past Due
Loans
Total	1,996	621
Real Estate Loans | Residential properties | 30-59 Days
Loans
Total	816	93
Real Estate Loans | Residential properties | 60-89 Days
Loans
Total	732	416
Real Estate Loans | Residential properties | Financial Asset, Not Past Due
Loans
Total	6,167,416	6,196,923
Real Estate Loans | Commercial properties
Loans
Nonaccrual	8,315	2,915
Total	989,846	986,772
Real Estate Loans | Commercial properties | Financial Asset, Past Due
Loans
Total	16,885	32,451
Real Estate Loans | Commercial properties | 30-59 Days
Loans
Total	8,570	27,403
Real Estate Loans | Commercial properties | 60-89 Days
Loans
Total		403
Real Estate Loans | Commercial properties | 90 Days or More
Loans
Total		1,730
Real Estate Loans | Commercial properties | Financial Asset, Not Past Due
Loans
Total	972,961	954,321
Real Estate Loans | Land and construction
Loans
Total	95,269	136,827
Real Estate Loans | Land and construction | Financial Asset, Not Past Due
Loans
Total	$ 95,269	$ 136,827

LOANS - Summary of Nonaccrual L

LOANS - Summary of Nonaccrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Loans
Nonaccrual with Allowance for Credit Losses	$ 12,098	$ 7,406
Nonaccrual with No Allowance for Credit Losses	5,712	4,425
Commercial and industrial loans
Loans
Nonaccrual with Allowance for Credit Losses	8,797	7,406
Nonaccrual with No Allowance for Credit Losses	250	1,398
Real Estate Loans | Residential loans
Loans
Nonaccrual with Allowance for Credit Losses	448
Nonaccrual with No Allowance for Credit Losses		112
Real Estate Loans | Commercial properties
Loans
Nonaccrual with Allowance for Credit Losses	2,853
Nonaccrual with No Allowance for Credit Losses	$ 5,462	$ 2,915

LOANS - Summary of Loan Modific

LOANS - Summary of Loan Modifications (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($) item	Mar. 31, 2024 USD ($) item
Financing Receivable Modifications
Amortized Cost Basis	$ 20,436	$ 20,436
Loans modification	0
Term Extension
Financing Receivable Modifications
Amortized Cost Basis	13,636	13,636
Payment Deferral And Extended Maturity
Financing Receivable Modifications
Amortized Cost Basis	6,800	6,800
Real Estate Loans
Financing Receivable Modifications
Nonaccrual	8,084	8,084
Amortized Cost Basis with Payment Default		35,824
Real Estate Loans | Financial Asset, Not Past Due
Financing Receivable Modifications
Amortized Cost Basis	27,740	27,740
Residential properties | Real Estate Loans
Financing Receivable Modifications
Amortized Cost Basis with Payment Default		247
Residential properties | Real Estate Loans | Financial Asset, Not Past Due
Financing Receivable Modifications
Amortized Cost Basis	$ 247	$ 247
Commercial properties | Term Extension
Financing Receivable Modifications
Loans modified | item	1	1
Payment Deferral Term	3 months
Commercial properties | Real Estate Loans
Financing Receivable Modifications
Amortized Cost Basis	$ 12,900	$ 12,900
Nonaccrual	$ 8,084	8,084
Amortized Cost Basis with Payment Default		21,609
Total Class of Loans	1.30%
Commercial properties | Real Estate Loans | Financial Asset, Not Past Due
Financing Receivable Modifications
Amortized Cost Basis	$ 13,525	13,525
Commercial properties | Real Estate Loans | Term Extension
Financing Receivable Modifications
Amortized Cost Basis	$ 12,900	12,900
Total Class of Loans	1.30%
Commercial and industrial loans
Financing Receivable Modifications
Amortized Cost Basis	$ 7,536	7,536
Amortized Cost Basis with Payment Default		13,968
Total Class of Loans	0.27%
Commercial and industrial loans | Financial Asset, Not Past Due
Financing Receivable Modifications
Amortized Cost Basis	$ 13,968	$ 13,968
Commercial and industrial loans | Term Extension
Financing Receivable Modifications
Loans modified | item	3	3
Payment Deferral Term	6 months
Commercial and industrial loans | Extended Maturity for One Loan [Member]
Financing Receivable Modifications
Loans modified | item	10	10
Payment Deferral Term	3 months
Period of payment forbearance	5 months
Commercial and industrial loans | Extended Maturity for Four Loans [Member]
Financing Receivable Modifications
Period of payment forbearance	6 months
Extended Term	7 months
Commercial and industrial loans | Extended Maturity Loan One [Member]
Financing Receivable Modifications
Payment Deferral Term	10 months
Commercial and industrial loans | Extended Maturity Loan Two [Member]
Financing Receivable Modifications
Payment Deferral Term	12 months
Commercial and industrial loans | Extended Maturity Loan Three [Member]
Financing Receivable Modifications
Payment Deferral Term	60 months
Commercial and industrial loans | Payment Deferral And Extended Maturity
Financing Receivable Modifications
Amortized Cost Basis	$ 6,800	$ 6,800
Total Class of Loans	0.24%
Loans modified | item	1	1
Commercial and industrial loans | Payment Deferral for Four Loans [Member]
Financing Receivable Modifications
Loans modified | item	4	4
Commercial and industrial loans | Real Estate Loans | Term Extension
Financing Receivable Modifications
Amortized Cost Basis	$ 736	$ 736
Total Class of Loans	0.03%

ALLOWANCE FOR CREDIT LOSSES - B

ALLOWANCE FOR CREDIT LOSSES - Bank's Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Financing Receivable Allowance For Credit Losses
ACL calculated and measured on a collective basis	$ 9,800,000		$ 9,900,000
Percentage of financing receivables collectively evaluated for impairment	97.50%		97.20%
ACL calculated and measured on a individual basis	$ 247,000		$ 268,000
Percentage of financing receivables individually evaluated for impairment	2.50%		2.60%
Financing Receivable, Allowance for Credit Loss, Beginning Balance	$ 29,205	$ 33,731	$ 33,731
Provision (Reversal) for Credit Losses	431	(939)	(1,381)
Charge-offs	(493)	(2,003)	(5,249)
Recoveries	152	306	2,104
Financing Receivable, Allowance for Credit Loss, Ending Balance	29,295	31,095	29,205
Residential properties
Financing Receivable Allowance For Credit Losses
Financing Receivable, Allowance for Credit Loss, Beginning Balance	9,921	8,306	8,306
Provision (Reversal) for Credit Losses	(1,547)	(43)	1,615
Financing Receivable, Allowance for Credit Loss, Ending Balance	8,374	8,263	9,921
Commercial real estate
Financing Receivable Allowance For Credit Losses
Financing Receivable, Allowance for Credit Loss, Beginning Balance	4,148	8,714	8,714
Provision (Reversal) for Credit Losses	449	(2,732)	(4,317)
Charge-offs		(249)	(249)
Financing Receivable, Allowance for Credit Loss, Ending Balance	4,597	5,733	4,148
Land and construction
Financing Receivable Allowance For Credit Losses
Financing Receivable, Allowance for Credit Loss, Beginning Balance	332	164	164
Provision (Reversal) for Credit Losses	(266)	152	168
Financing Receivable, Allowance for Credit Loss, Ending Balance	66	316	332
Commercial and industrial loans
Financing Receivable Allowance For Credit Losses
Financing Receivable, Allowance for Credit Loss, Beginning Balance	14,796	16,521	16,521
Provision (Reversal) for Credit Losses	1,797	1,685	1,171
Charge-offs	(493)	(1,752)	(4,998)
Recoveries	151	306	2,102
Financing Receivable, Allowance for Credit Loss, Ending Balance	16,251	16,760	14,796
Consumer loans
Financing Receivable Allowance For Credit Losses
Financing Receivable, Allowance for Credit Loss, Beginning Balance	8	26	26
Provision (Reversal) for Credit Losses	(2)	(1)	(18)
Charge-offs		(2)	(2)
Recoveries	1		2
Financing Receivable, Allowance for Credit Loss, Ending Balance	$ 7	$ 23	$ 8

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	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable Allowance For Credit Losses
Total Allowance for Credit Losses	$ 29,295	$ 29,205	$ 31,095	$ 33,731
Residential properties
Financing Receivable Allowance For Credit Losses
Total Allowance for Credit Losses	8,374	9,921	8,263	8,306
Commercial real estate
Financing Receivable Allowance For Credit Losses
Total Allowance for Credit Losses	4,597	4,148	5,733	8,714
Land and construction
Financing Receivable Allowance For Credit Losses
Total Allowance for Credit Losses	66	332	316	164
Commercial and industrial loans
Financing Receivable Allowance For Credit Losses
Total Allowance for Credit Losses	16,251	14,796	16,760	16,521
Consumer loans
Financing Receivable Allowance For Credit Losses
Total Allowance for Credit Losses	7	8	$ 23	$ 26
Collateral Dependent Loans
Financing Receivable Allowance For Credit Losses
Amortized cost	5,712	3,751
Collateral Dependent Loans | Real Estate
Financing Receivable Allowance For Credit Losses
Amortized cost	5,462	2,523
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		978
Collateral Dependent Loans | Commercial real estate
Financing Receivable Allowance For Credit Losses
Amortized cost	5,462	2,523
Collateral Dependent Loans | Commercial real estate | Real Estate
Financing Receivable Allowance For Credit Losses
Amortized cost	5,462	2,523
Collateral Dependent Loans | Commercial and industrial loans
Financing Receivable Allowance For Credit Losses
Amortized cost	250	1,228
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		$ 978

ALLOWANCE FOR CREDIT LOSSES - R

ALLOWANCE FOR CREDIT LOSSES - Risk Category of Loans Based on Year of Origination (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	$ 55,850	$ 267,987
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	263,752	3,963,754
Financing Receivable Originated Two Years Before Latest Fiscal Year	3,936,930	2,285,355
Financing Receivable Originated Three Years Before Latest Fiscal Year	2,251,588	1,139,824
Financing Receivable Originated Four Years Before Latest Fiscal Year	1,125,157	449,852
Prior	1,322,623	916,714
Revolving Loans	1,130,446	1,154,316
Total	10,086,346	10,177,802
Financing Receivable Recorded Investment
Gross charge-offs Originated In Current Fiscal Year		257
Gross charge-offs Originated In Fiscal Year Before Latest Fiscal Year	15	1,420
Gross charge-offs Originated Two Years Before Latest Fiscal Year	359	1,205
Gross charge-offs Originated Three Years Before Latest Fiscal Year	84	587
Gross charge-offs Originated Four Years Before Latest Fiscal Year	35	117
Gross charge-offs Prior		297
Gross charge-offs Revolving Loans		1,366
Gross charge-offs Total loans	493	5,249
Pass
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	55,717	255,032
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	250,799	3,962,382
Financing Receivable Originated Two Years Before Latest Fiscal Year	3,935,310	2,257,273
Financing Receivable Originated Three Years Before Latest Fiscal Year	2,224,883	1,131,520
Financing Receivable Originated Four Years Before Latest Fiscal Year	1,117,443	431,470
Prior	1,256,744	867,002
Revolving Loans	1,118,554	1,141,934
Total	9,959,450	10,046,613
Special mention
Financing Receivable Recorded Investment
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year		1,360
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,240	27,124
Financing Receivable Originated Three Years Before Latest Fiscal Year	25,793	2,978
Financing Receivable Originated Four Years Before Latest Fiscal Year	2,557	5,633
Prior	22,974	40,995
Revolving Loans	730	735
Total	53,294	78,825
Substandard
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	133	12,955
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	12,953	12
Financing Receivable Originated Two Years Before Latest Fiscal Year	380	958
Financing Receivable Originated Three Years Before Latest Fiscal Year	912	5,326
Financing Receivable Originated Four Years Before Latest Fiscal Year	5,157	12,749
Prior	42,905	8,717
Revolving Loans	11,162	11,647
Total	73,602	52,364
Multifamily
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	11,840	37,343
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	37,338	2,355,381
Financing Receivable Originated Two Years Before Latest Fiscal Year	2,353,803	1,538,884
Financing Receivable Originated Three Years Before Latest Fiscal Year	1,537,271	763,736
Financing Receivable Originated Four Years Before Latest Fiscal Year	755,425	295,252
Prior	540,192	252,572
Total	5,235,869	5,243,168
Multifamily | Pass
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	11,840	37,343
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	37,338	2,355,381
Financing Receivable Originated Two Years Before Latest Fiscal Year	2,353,803	1,537,636
Financing Receivable Originated Three Years Before Latest Fiscal Year	1,537,271	763,736
Financing Receivable Originated Four Years Before Latest Fiscal Year	755,425	289,675
Prior	526,040	243,146
Total	5,221,717	5,226,917
Multifamily | Special mention
Financing Receivable Recorded Investment
Financing Receivable Originated Two Years Before Latest Fiscal Year		1,248
Financing Receivable Originated Four Years Before Latest Fiscal Year		5,577
Prior	1,125	9,426
Total	1,125	16,251
Multifamily | Substandard
Financing Receivable Recorded Investment
Prior	13,027
Total	13,027
Single family
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year		13,631
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	10,594	259,043
Financing Receivable Originated Two Years Before Latest Fiscal Year	256,453	267,373
Financing Receivable Originated Three Years Before Latest Fiscal Year	265,560	92,567
Financing Receivable Originated Four Years Before Latest Fiscal Year	92,293	38,132
Prior	260,879	229,047
Revolving Loans	47,764	54,583
Total	933,543	954,376
Single family | Pass
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year		13,631
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	10,594	259,043
Financing Receivable Originated Two Years Before Latest Fiscal Year	256,453	267,373
Financing Receivable Originated Three Years Before Latest Fiscal Year	265,560	92,567
Financing Receivable Originated Four Years Before Latest Fiscal Year	92,293	38,132
Prior	239,977	208,035
Revolving Loans	47,630	54,444
Total	912,507	933,225
Single family | Special mention
Financing Receivable Recorded Investment
Prior	20,004	20,166
Total	20,004	20,166
Single family | Substandard
Financing Receivable Recorded Investment
Prior	898	846
Revolving Loans	134	139
Total	1,032	985
Commercial real estate
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	614	15,369
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	15,335	221,525
Financing Receivable Originated Two Years Before Latest Fiscal Year	222,908	131,918
Financing Receivable Originated Three Years Before Latest Fiscal Year	131,001	123,404
Financing Receivable Originated Four Years Before Latest Fiscal Year	150,135	92,667
Prior	469,853	401,889
Total	989,846	986,772
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	614	2,469
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	2,435	221,525
Financing Receivable Originated Two Years Before Latest Fiscal Year	222,908	130,579
Financing Receivable Originated Three Years Before Latest Fiscal Year	129,672	119,684
Financing Receivable Originated Four Years Before Latest Fiscal Year	146,487	81,243
Prior	441,460	383,729
Total	943,576	939,229
Commercial real estate | Special mention
Financing Receivable Recorded Investment
Financing Receivable Originated Two Years Before Latest Fiscal Year		1,223
Financing Receivable Originated Three Years Before Latest Fiscal Year	1,215	2,275
Financing Receivable Originated Four Years Before Latest Fiscal Year	2,259
Prior	1,201	10,747
Total	4,675	14,245
Commercial real estate | Substandard
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year		12,900
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	12,900
Financing Receivable Originated Two Years Before Latest Fiscal Year		116
Financing Receivable Originated Three Years Before Latest Fiscal Year	114	1,445
Financing Receivable Originated Four Years Before Latest Fiscal Year	1,389	11,424
Prior	27,192	7,413
Total	41,595	33,298
Land and construction
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year		19,151
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	22,503	43,923
Financing Receivable Originated Two Years Before Latest Fiscal Year	37,070	29,445
Financing Receivable Originated Three Years Before Latest Fiscal Year	18,646	36,498
Financing Receivable Originated Four Years Before Latest Fiscal Year	9,388	807
Prior	7,662	7,003
Total	95,269	136,827
Land and construction | Pass
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year		19,151
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	22,503	43,923
Financing Receivable Originated Two Years Before Latest Fiscal Year	37,070	29,445
Financing Receivable Originated Three Years Before Latest Fiscal Year	18,646	36,498
Financing Receivable Originated Four Years Before Latest Fiscal Year	9,388	807
Prior	7,662	7,003
Total	95,269	136,827
Commercial and industrial loans
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	43,364	182,446
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	177,971	1,083,882
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,066,696	317,158
Financing Receivable Originated Three Years Before Latest Fiscal Year	298,553	123,619
Financing Receivable Originated Four Years Before Latest Fiscal Year	117,916	22,695
Prior	43,684	26,144
Revolving Loans	1,082,321	1,099,318
Total	2,830,505	2,855,262
Financing Receivable Recorded Investment
Gross charge-offs Originated In Current Fiscal Year		257
Gross charge-offs Originated In Fiscal Year Before Latest Fiscal Year	15	1,420
Gross charge-offs Originated Two Years Before Latest Fiscal Year	359	1,205
Gross charge-offs Originated Three Years Before Latest Fiscal Year	84	587
Gross charge-offs Originated Four Years Before Latest Fiscal Year	35	117
Gross charge-offs Prior		48
Gross charge-offs Revolving Loans		1,364
Gross charge-offs Total loans	493	4,998
Commercial and industrial loans | Pass
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	43,231	182,391
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	177,918	1,082,510
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,065,076	291,663
Financing Receivable Originated Three Years Before Latest Fiscal Year	273,177	119,035
Financing Receivable Originated Four Years Before Latest Fiscal Year	113,850	21,314
Prior	41,252	25,030
Revolving Loans	1,070,563	1,087,075
Total	2,785,067	2,809,018
Commercial and industrial loans | Special mention
Financing Receivable Recorded Investment
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year		1,360
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,240	24,653
Financing Receivable Originated Three Years Before Latest Fiscal Year	24,578	703
Financing Receivable Originated Four Years Before Latest Fiscal Year	298	56
Prior	644	656
Revolving Loans	730	735
Total	27,490	28,163
Commercial and industrial loans | Substandard
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	133	55
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	53	12
Financing Receivable Originated Two Years Before Latest Fiscal Year	380	842
Financing Receivable Originated Three Years Before Latest Fiscal Year	798	3,881
Financing Receivable Originated Four Years Before Latest Fiscal Year	3,768	1,325
Prior	1,788	458
Revolving Loans	11,028	11,508
Total	17,948	18,081
Consumer loans
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	32	47
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	11
Financing Receivable Originated Two Years Before Latest Fiscal Year		577
Financing Receivable Originated Three Years Before Latest Fiscal Year	557
Financing Receivable Originated Four Years Before Latest Fiscal Year		299
Prior	353	59
Revolving Loans	361	415
Total	1,314	1,397
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	32	47
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	11
Financing Receivable Originated Two Years Before Latest Fiscal Year		577
Financing Receivable Originated Three Years Before Latest Fiscal Year	557
Financing Receivable Originated Four Years Before Latest Fiscal Year		299
Prior	353	59
Revolving Loans	361	415
Total	$ 1,314	$ 1,397

CORE DEPOSIT INTANGIBLES (Detai

CORE DEPOSIT INTANGIBLES (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Core Deposit
CORE DEPOSIT INTANGIBLES
Core deposit intangible assets	$ 4,600	$ 4,900
Core deposit intangible amortization expense	$ 370	$ 434
Minimum
CORE DEPOSIT INTANGIBLES
Estimated useful lives of other intangible assets	7 years
Maximum
CORE DEPOSIT INTANGIBLES
Estimated useful lives of other intangible assets	10 years

DERIVATIVES ASSETS (Details)

DERIVATIVES ASSETS (Details) - USD ($) $ in Thousands			3 Months Ended
	Mar. 28, 2024	Feb. 01, 2024	Mar. 31, 2024
Derivatives Fair Value [Line Items]
Partial gain			$ 836
Cash flow hedge			6,000
Component of AOCI			5,200
Realized gain recognized			$ 788
Interest Rate Swaps
Derivatives Fair Value [Line Items]
Quarterly interest at a fixed rate		3.583%
Term of the agreement		5 years
Notional amount		$ 450,000
Notional amount reduction	$ 100,000
Partial gain	$ 800

LOAN SALES AND MORTGAGE SERVI_2

LOAN SALES AND MORTGAGE SERVICING RIGHTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
LOAN SALES AND MORTGAGE SERVICING RIGHTS
Mortgage servicing rights	$ 4,800		$ 5,500
Loans serviced for other financial institution	1,000,000		$ 1,000,000
Servicing fees earned on loans	600	$ 600
Sale of multifamily loans through securitization	$ 0	$ 0

DEPOSITS - Summary of Outstandi

DEPOSITS - Summary of Outstanding Balance of Deposits and Average Rates (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
DEPOSITS
Demand deposits, Noninterest-bearing	$ 1,827,520	$ 1,467,806
Demand deposits, Interest-bearing	2,785,092	2,881,786
Money market and savings	3,309,002	3,195,670
Certificates of deposit	2,717,356	3,143,670
Total	$ 10,638,970	$ 10,688,932
Demand deposits, Interest-bearing, Weighted Average Rate	3.65%	2.94%
Money market and savings, Weighted Average Rate	3.79%	3.81%
Certificates of deposit, Weighted Average Rate	4.76%	4.87%
Total, Weighted Average Rate	3.35%	3.36%

DEPOSITS - Remaining maturities

DEPOSITS - Remaining maturities of Certificate of Deposit Accounts (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
DEPOSITS
3 months or less	$ 25,049	$ 343,078
Over 3 months through 6 months	23,652	24,126
Over 6 months through 12 months	110,073	56,415
Over 12 months	3,676	30,994
Total	$ 162,450	$ 454,613

DEPOSITS - Additional Informati

DEPOSITS - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
DEPOSITS
Large depositor relationships, percentage of total deposits	2%
Large depositor relationships, consisting of deposit relationships, total deposits	11.70%	12.50%
Accrued interest payable on deposits	$ 35.4	$ 36.7

BORROWINGS (Details)

BORROWINGS (Details)		3 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($)	Mar. 31, 2024 USD ($) Institution	Dec. 31, 2017 USD ($)	Dec. 31, 2023 USD ($)
Borrowings
Borrowing in term FHLB	$ 550,000,000	$ 550,000,000		$ 100,000,000
Carrying Value	173,413,000	173,413,000		173,397,000
Loans held for investment	5,700,000,000	5,700,000,000		4,300,000,000
Federal Home Loan Bank, maximum borrowing capacity	2,000,000,000	2,000,000,000		2,000,000,000
Federal Home Loan Bank, additional credit available	10,000,000	$ 10,000,000		$ 310,000,000
FHLB term advances interest rate				4.21%
Unsecured debt				$ 170,000,000
Number of financial institutions | Institution		4
Securities pledged as collateral	80,000,000	$ 80,000,000		76,300,000
FHLB putable advances
Borrowings
FHLB advances	$ 800,000,000	$ 800,000,000		$ 800,000,000
Weighted average interest rate	3.74%	3.74%		3.74%
Minimum
Borrowings
Unsecured debt				$ 20,000,000
Maximum
Borrowings
Unsecured debt				$ 100,000,000
Weighted Average | FHLB putable advances
Borrowings
Weighted average life	5 years 1 month 28 days	5 years 1 month 28 days		5 years 4 months 28 days
Revolving Credit Facility
Borrowings
Long-term line of credit	$ 0	$ 0		$ 0
Debt instrument basis point rate			0.50%
Line of credit, borrowing capacity			$ 20,000,000
Revolving Credit Facility | Secured Overnight Financing Rate (SOFR)
Borrowings
Debt instrument basis point rate			0.50%
FHLB Advances Maturing on May 1, 2024
Borrowings
FHLB advances	$ 100,000,000	$ 100,000,000
Interest rate (as a percent)	5.60%	5.60%
FHLB Advances Maturing on April 30, 2024
Borrowings
FHLB advances	$ 350,000,000	$ 350,000,000
Interest rate (as a percent)	5.60%	5.60%
FHLB Advances Maturing on June 28, 2028
Borrowings
FHLB advances	$ 100,000,000	$ 100,000,000
Interest rate (as a percent)	4.21%	4.21%
Subordinated notes due 2030
Borrowings
Secured debt	$ 76,000,000	$ 76,000,000		64,000,000
Overnight FHLB Advance
Borrowings
Secured debt				160,000,000
Federal Reserve Bank advances
Borrowings
Secured debt	279,000,000	279,000,000		285,000,000
Unsecured federal funds
Borrowings
Unsecured debt	0	0
Borrower In Custody
Borrowings
Long-term line of credit				$ 160,000,000
Interest rate (as a percent)				5.50%
Bank Term Funding Program
Borrowings
Long-term line of credit	279,000,000	279,000,000		$ 285,000,000
Remaining borrowing capacity	$ 452,000,000	$ 452,000,000		$ 402,000,000
Bank Term Funding Program | Secured Overnight Financing Rate (SOFR)
Borrowings
Debt instrument basis point rate	0.10%

SUBORDINATED DEBT (Details)

SUBORDINATED DEBT (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($) item	Dec. 31, 2023 USD ($) item
Subordinated Debt
Number of subordinated notes | item	2	2
Current Principal Balance	$ 174,165
Carrying Value	$ 173,413	$ 173,397
Subordinated notes due 2032
Subordinated Debt
Current Interest Rate	0.035%
Current Principal Balance	$ 150,000
Carrying Value	$ 148,118	148,058
Subordinated notes due 2032 | Secured Overnight Financing Rate (SOFR)
Subordinated Debt
Current Interest Rate	0.0204%
Subordinated notes due 2030
Subordinated Debt
Current Interest Rate	0.06%
Current Principal Balance	$ 24,165
Carrying Value	$ 25,295	$ 25,339
Subordinated notes due 2030 | Secured Overnight Financing Rate (SOFR)
Subordinated Debt
Current Interest Rate	0.059%

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
INCOME TAXES
Income tax (benefit) expense	$ (910)	$ 2,200
Effective income tax rate	777.80%	20.60%
Combined federal and state statutory rates	28.20%
Valuation allowance	$ 0
Deferred tax assets	$ 33,600		$ 29,100

SHAREHOLDERS' EQUITY (Details)

SHAREHOLDERS' EQUITY (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Subsidiary Sale Of Stock [Line Items]
Cash and cash equivalents	$ 1,588,036	$ 1,326,629
FFI
Subsidiary Sale Of Stock [Line Items]
Dividend payment restrictions (as a percent)	50%
Cash and cash equivalents	$ 5,300	$ 15,300

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
	Mar. 31, 2024	Mar. 31, 2023
EARNINGS PER SHARE
Net income, Basic	$ 793	$ 8,496
Net income, Diluted	$ 793	$ 8,496
Basic common shares outstanding	56,484,655	56,376,669
Effect of options, restricted stock and contingent shares issuable	19,220	33,747
Diluted common shares outstanding	56,503,875	56,410,416
Net income per share, Basic	$ 0.01	$ 0.15
Net income per share, Diluted	$ 0.01	$ 0.15

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - segment	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
SEGMENT REPORTING
Reportable business segments	2	2

SEGMENT REPORTING - Key Operati

SEGMENT REPORTING - Key Operating Results of Business Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information
Interest income	$ 150,453	$ 137,000
Interest expense	112,067	78,245
Net interest income	38,386	58,755
Provision for credit losses	577	417
Noninterest income	12,683	11,698
Compensation and benefits	19,407	25,286
Customer service costs	10,738	16,715
Professional services and marketing costs	3,390	4,295
Other	17,074	13,044
Income (loss) before income taxes	(117)	10,696
Income tax (benefit) expense	(910)	2,200
Net income (loss)	793	8,496
Operating Segments | Banking
Segment Reporting Information
Interest income	150,453	137,000
Interest expense	110,362	76,449
Net interest income	40,091	60,551
Provision for credit losses	577	417
Noninterest income	5,683	4,801
Compensation and benefits	15,172	20,260
Customer service costs	10,738	16,715
Professional services and marketing costs	2,532	2,664
Other	16,098	12,006
Income (loss) before income taxes	657	13,290
Income tax (benefit) expense	(711)	2,947
Net income (loss)	1,368	10,343
Operating Segments | Wealth Management
Segment Reporting Information
Noninterest income	7,349	7,291
Compensation and benefits	4,095	4,560
Professional services and marketing costs	901	804
Other	680	701
Income (loss) before income taxes	1,673	1,226
Income tax (benefit) expense	487	364
Net income (loss)	1,186	862
Other.
Segment Reporting Information
Interest expense	1,705	1,796
Net interest income	(1,705)	(1,796)
Noninterest income	(349)	(394)
Compensation and benefits	140	466
Professional services and marketing costs	(43)	827
Other	296	337
Income (loss) before income taxes	(2,447)	(3,820)
Income tax (benefit) expense	(686)	(1,111)
Net income (loss)	$ (1,761)	$ (2,709)

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event	Apr. 25, 2024 $ / shares
Subsequent Events
Dividends payable, date declared	Apr. 25, 2024
Dividends payable, amount per share	$ 0.01
Dividends payable, date to be paid	May 16, 2024
Dividends payable, date of record	May 06, 2024

ALLOWANCE FOR CREDIT LOSSES -_2

ALLOWANCE FOR CREDIT LOSSES - Risk Category of Loans by Class of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
LOANS
Loans pledged as collateral	$ 10,057,051	$ 10,148,597

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 793	$ 8,496

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false