First Foundation (FFWM) 10-Q8 Aug 242024 Q2 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2024	Aug. 02, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 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		67,852,058
Amendment Flag	false
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001413837

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 1,421,486	$ 1,326,629
Securities available-for-sale ("AFS"), at fair value (amortized cost of $1,135,757 and $731,489 at June 30, 2024 and December 31, 2023 respectively; allowance for credit losses of $7,342 and $8,220 at June 30, 2024 and December 31, 2023 respectively) )	1,105,801	703,226
Securities held-to-maturity ("HTM") (fair value of $675,348 and $710,021 at June 30, 2024 and December 31, 2023, respectively)	755,033	789,578
Loans held for investment	10,087,268	10,177,802
Allowance for credit losses - loans	(29,295)	(29,205)
Net loans	10,057,973	10,148,597
Investment in FHLB stock	37,810	24,613
Accrued interest receivable	58,325	54,163
Deferred taxes	36,493	29,142
Premises and equipment, net	37,035	39,925
Real estate owned ("REO")	6,210	8,381
Bank owned life insurance	49,309	48,653
Core deposit intangibles	4,222	4,948
Derivative assets	6,267
Other assets	138,459	149,393
Total Assets	13,714,423	13,327,248
Liabilities:
Deposits	10,756,344	10,688,932
Borrowings	1,716,552	1,409,056
Subordinated debt	173,428	173,397
Accounts payable and other liabilities	134,855	130,520
Total Liabilities	12,781,179	12,401,905
Shareholders' Equity
Common Stock, $0.01 par value; 100,000,000 shares authorized at June 30, 2024 and December 31, 2023; 56,543,382 shares and 56,467,623 shares issued and outstanding, respectively	57	56
Additional paid-in-capital	721,814	720,899
Retained earnings	221,321	218,575
Accumulated other comprehensive loss	(9,948)	(14,187)
Total Shareholders' Equity	933,244	925,343
Total Liabilities and Shareholders' Equity	$ 13,714,423	$ 13,327,248

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
CONSOLIDATED BALANCE SHEETS
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	56,543,382	56,467,623
Common stock, shares outstanding	56,543,382	56,467,623
Securities HTM	$ 675,348	$ 710,021
Amortized Cost	1,135,757	731,489
Allowance for credit losses	$ 7,342	$ 8,220

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Interest income:
Loans	$ 120,244	$ 123,471	$ 238,688	$ 244,114
Securities	17,975	6,772	37,749	13,663
FHLB Stock, fed funds sold and interest-bearing deposits	12,695	15,085	24,930	24,551
Total interest income	150,914	145,328	301,367	282,328
Interest expense:
Deposits	91,388	72,932	185,880	135,072
Borrowings	13,992	21,707	29,862	36,122
Subordinated debt	1,705	1,705	3,410	3,395
Total interest expense	107,085	96,344	219,152	174,589
Net interest income	43,829	48,984	82,215	107,739
Provision (reversal) for credit losses	(806)	887	(229)	1,304
Net interest income after provision for credit losses	44,635	48,097	82,444	106,435
Noninterest income:
Asset management, consulting and other fees	$ 9,183	$ 9,016	$ 17,797	$ 17,812
Type of Revenue [Extensible List]	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember
Gain on sale of loans	$ 415		$ 678	$ 0
Gain on sale of securities available-for-sale	983		1,204
Capital market activities	836		1,673
Gain on sale of REO			679
Other income	2,241	$ 3,063	4,310	5,965
Total noninterest income	13,658	12,079	26,341	23,777
Noninterest expense:
Compensation and benefits	19,095	21,026	38,502	46,312
Occupancy and depreciation	9,026	9,181	18,113	18,078
Professional services and marketing costs	3,667	3,642	7,057	7,937
Customer service costs	16,104	19,004	26,842	35,719
Goodwill impairment		215,252		215,252
Other expenses	7,737	4,659	15,724	8,806
Total noninterest expense	55,629	272,764	106,238	332,104
Income (loss) before income taxes	2,664	(212,588)	2,547	(201,892)
Income tax (benefit) expense	(421)	(300)	(1,331)	1,900
Net income (loss)	$ 3,085	$ (212,288)	$ 3,878	$ (203,792)
Net income per share:
Basic (in dollars per share)	$ 0.05	$ (3.76)	$ 0.07	$ (3.61)
Diluted (in dollars per share)	$ 0.05	$ (3.76)	$ 0.07	$ (3.61)
Shares used in computation:
Basic (in shares)	56,523,640	56,430,813	56,504,148	56,403,891
Diluted (in shares)	56,532,465	56,430,813	56,515,844	56,403,891

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)			(203,792)		(203,792)
Other comprehensive gain (loss)				(7,898)	(7,898)
Stock based compensation		550			550
Cash dividend			(7,327)		(7,327)
Exercise of options		157			157
Exercise of options (in shares)	19,500
Stock grants - vesting of restricted stock units (in shares)	133,386
Repurchase of shares from restricted shares vesting		(534)			(534)
Repurchase of shares from restricted shares vesting (in shares)	(35,058)
Ending balance at Jun. 30, 2023	$ 56	719,779	215,540	(19,841)	915,534
Ending balance (in shares) at Jun. 30, 2023	56,443,070
Beginning balance at Mar. 31, 2023	$ 56	719,261	428,956	(14,535)	1,133,738
Beginning balance (in shares) at Mar. 31, 2023	56,424,276
Net income (loss)			(212,288)		(212,288)
Other comprehensive gain (loss)				(5,306)	(5,306)
Stock based compensation		518			518
Cash dividend			(1,128)		(1,128)
Stock grants - vesting of restricted stock units (in shares)	18,794
Ending balance at Jun. 30, 2023	$ 56	719,779	215,540	(19,841)	915,534
Ending balance (in shares) at Jun. 30, 2023	56,443,070
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)			3,878		3,878
Other comprehensive gain (loss)				4,239	4,239
Stock based compensation		1,057			1,057
Cash dividend			(1,132)		(1,132)
Stock grants - vesting of restricted stock units	$ 1				1
Stock grants - vesting of restricted stock units (in shares)	93,780
Repurchase of shares from restricted shares vesting		(142)			(142)
Repurchase of shares from restricted shares vesting (in shares)	(18,021)
Ending balance at Jun. 30, 2024	$ 57	721,814	221,321	(9,948)	933,244
Ending balance (in shares) at Jun. 30, 2024	56,543,382
Beginning balance at Mar. 31, 2024	$ 57	721,362	218,802	(11,487)	928,734
Beginning balance (in shares) at Mar. 31, 2024	56,511,864
Net income (loss)			3,085		3,085
Other comprehensive gain (loss)				1,539	1,539
Stock based compensation		452			452
Cash dividend			(566)		(566)
Stock grants - vesting of restricted stock units (in shares)	31,518
Ending balance at Jun. 30, 2024	$ 57	$ 721,814	$ 221,321	$ (9,948)	$ 933,244
Ending balance (in shares) at Jun. 30, 2024	56,543,382

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED
Net income (loss)	$ 3,085	$ (212,288)	$ 3,878	$ (203,792)
Other comprehensive income (loss), net of tax:
Unrealized holding gains (losses) on securities arising during the period	1,282	(5,008)	(966)	(6,984)
Reclassification adjustment for gain included in net income	(695)		(852)
Total change in unrealized gain (loss) on available-for-sale securities	587	(5,008)	(1,818)	(6,984)
Unrealized gain arising during this period	1,068		6,267
Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity	(116)	(298)	(210)	(914)
Total other comprehensive income (loss)	1,539	(5,306)	4,239	(7,898)
Total comprehensive income (loss)	$ 4,624	$ (217,594)	$ 8,117	$ (211,690)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Cash Flows from Operating Activities:
Net income (loss)			$ 3,878	$ (203,792)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Goodwill impairment		$ 215,252		215,252
Provision for credit losses			952	1,157
Provision (reversal) for credit losses - securities AFS	$ (569)	218	(878)	1,067
Stock-based compensation expense			1,057	550
Depreciation and amortization			2,384	2,157
Deferred tax (benefit) expense			(6,599)	4,654
Amortization of (discount) premium on securities			(11,112)	(53)
Amortization of core deposit intangible			726	853
Amortization of mortgage servicing rights - net			1,138	1,155
Gain on sale of REO			(679)		$ (679)
Gain on sale of loans	(415)		(678)	0
Gain on sale of securities available-for-sale			(1,204)
Gain from hedging activities			(1,673)
Decrease in valuation of cash flow hedge			1,673
Amortization of OCI - securities transfer to HTM			(210)	914
Valuation allowance on mortgage servicing rights - net				(979)
Decrease in accrued interest receivable and other assets			8,586	9,485
Increase (decrease) in accounts payable and other liabilities			728	(6,092)
Net cash (used in) provided by operating activities			(1,911)	26,328
Cash Flows from Investing Activities:
Net decrease in loans			81,580	137,902
Proceeds from sale of loans			8,770
Proceeds from sale of REO			2,850
Purchase of premises and equipment			(1,536)	(2,603)
Disposals of premises and equipment			1
Proceeds from sale of land			1,650
Loss on sale of land			391
Purchases of securities AFS			(1,564,389)
Proceeds from sale of securities available-for-sale			749,020
Maturities of securities AFS			423,979	11,488
Maturities of securities HTM			33,984	48,322
Net (increase) decrease in FHLB stock			(13,197)	5,873
Net cash (used in) provided by investing activities			(276,897)	200,982
Cash Flows from Financing Activities:
Increase in deposits			67,412	444,375
Proceeds from FHLB & FRB advances			2,793,475
Repayments on FHLB & FRB advances			(2,465,402)
Net change in federal funds purchased				(295,000)
Net increase in subordinated debt			31	32
Net decrease in repurchase agreements			(20,577)	(99,426)
Dividends paid			(1,132)	(7,327)
Proceeds from exercise of stock options				157
Repurchase of stock			(142)	(534)
Net cash provided by financing activities			373,665	42,277
Increase in cash and cash equivalents			94,857	269,587
Cash and cash equivalents at beginning of year			1,326,629	656,494	656,494
Cash and cash equivalents at end of period	1,421,486	926,081	1,421,486	926,081	$ 1,326,629
Supplemental disclosures of cash flow information:
Income taxes			270
Interest			181,281	142,628
Noncash transactions:
Right of use lease assets and liabilities recognized			3,608	1,019
Chargeoffs against allowance for credit losses - loans	$ 369	1,087	$ 862	3,090
Chargeoffs against allowance for credit losses - securities		$ 3,971		$ 3,971

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Jun. 30, 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 June 30, 2024 and December 31, 2023, and for the six months ended June 30, 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	6 Months Ended
FAIR VALUE MEASUREMENTS	Jun. 30, 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 June 30, 2024: Investment securities available-for-sale: Collateralized mortgage obligations $ 10,187 $ — $ 10,187 $ — Agency mortgage-backed securities 911,895 — 911,895 — Municipal bonds 45,201 — 45,201 — SBA securities 10,706 — 10,706 — Beneficial interests in FHLMC securitization 7,112 — — 7,112 Corporate bonds 119,444 — 119,444 — U.S. Treasury 1,256 1,256 — — Total assets at fair value on a recurring basis $ 1,105,801 $ 1,256 $ 1,097,433 $ 7,112 Derivatives: Cash flow hedge $ 6,267 $ — $ 6,267 $ — 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 — — Total assets at fair value on a recurring basis $ 703,226 $ 398,790 $ 297,194 $ 7,242 The decrease in Level 3 assets from December 31, 2023 was due to securitization paydowns in the FHLMC portfolio in the year-to-date period ended June 30, 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 against eligible receivables and inventory. This recovery factor may be either increased or decreased subject to additional support and analysis of the quality of receivables and the companies owing the receivables. The total collateral-dependent loans were $5.7 million and $3.8 million at June 30, 2024 and December 31, 2023, respectively. Specific reserves related to these loans totaled $964 thousand and $0 at June 30, 2024 and December 31, 2023, respectively. 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). as the Treasury curve, the secured overnight financial rate (“SOFR”), and the pay rate on the interest rate swaps. The fair 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 June 30, 2024: Assets: Cash and cash equivalents $ 1,421,486 $ 1,421,486 $ — $ — $ 1,421,486 Securities AFS, net 1,105,801 1,256 1,097,433 7,112 1,105,801 Securities HTM 755,033 — 675,348 — 675,348 Loans, net 10,057,973 — 4,526 9,600,731 9,605,257 Investment in FHLB stock 37,810 — 37,810 — 37,810 Investment in equity securities 11,745 — — 11,745 11,745 Accrued interest receivable 58,325 58,325 — — 58,325 Derivative assets 6,267 — 6,267 — 6,267 Liabilities: Deposits $ 10,756,344 $ 7,992,965 $ 2,748,181 $ — $ 10,741,146 Borrowings 1,716,552 1,720,844 — — 1,720,844 Subordinated debt 173,428 — — 140,259 140,259 Accrued interest payable 37,872 37,872 — — 37,872 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	6 Months Ended
SECURITIES	Jun. 30, 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 June 30, 2024: Collateralized mortgage obligations $ 11,571 $ — $ (1,384) $ — $ 10,187 Agency mortgage-backed securities 915,045 1,223 (4,373) — 911,895 Municipal bonds 49,268 — (4,067) — 45,201 SBA securities 10,773 5 (72) — 10,706 Beneficial interests in FHLMC securitization 13,996 4 (386) (6,502) 7,112 Corporate bonds 133,805 — (13,521) (840) 119,444 U.S. Treasury 1,299 — (43) — 1,256 Total $ 1,135,757 $ 1,232 $ (23,846) $ (7,342) $ 1,105,801 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 June 30, 2024: Agency mortgage-backed securities $ 755,033 $ — $ (79,685) $ — $ 675,348 Total $ 755,033 $ — $ (79,685) $ — $ 675,348 December 31, 2023: Agency mortgage-backed securities $ 789,578 $ 1 $ (79,558) $ — $ 710,021 Total $ 789,578 $ 1 $ (79,558) $ — $ 710,021 As of June 30, 2024, the tables above include $581.9 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; $259.9 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 $83.1 million in securities consisting of SBA securities and agency mortgage-backed securities pledged as collateral for repurchase agreements obtained from a prior bank acquisition. A total of $707.7 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 June 30, 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 $31.9 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 June 30, 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 $ 2,882 $ (53) $ 7,304 $ (1,331) $ 10,186 $ (1,384) Agency mortgage-backed securities 582,339 (3,976) 4,884 (397) 587,223 (4,373) Municipal bonds 2,128 (105) 43,073 (3,962) 45,201 (4,067) SBA securities — — 9,230 (72) 9,230 (72) Beneficial interests in FHLMC securitization — — 4,101 (386) 4,101 (386) Corporate bonds 28,099 (1,901) 92,184 (11,620) 120,283 (13,521) U.S. Treasury — — 1,256 (43) 1,256 (43) Total $ 615,448 $ (6,035) $ 162,032 $ (17,811) $ 777,480 $ (23,846) 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 June 30, 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 $ 18,155 $ (151) $ 657,194 $ (79,534) $ 675,349 $ (79,685) Total $ 18,155 $ (151) $ 657,194 $ (79,534) $ 675,349 $ (79,685) 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 six-month period ending June 30, 2024, securities available-for-sale with an amortized cost of $747.8 million were sold, resulting in gross realized gains of $1.4 million and gross realized losses of $0.2 million. There were no security sales during the six-month period ending June 30, 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 June 30, 2024: Beneficial interests in FHLMC securitization $ 6,593 $ (91) $ — $ — $ 6,502 Corporate bonds 1,318 (478) — — 840 Total $ 7,911 $ (569) $ — $ — $ 7,342 Six Months Ended June 30, 2024: Beneficial interests in FHLMC securitization $ 6,818 $ (316) $ — $ — $ 6,502 Corporate bonds 1,402 (562) — — 840 Total $ 8,220 $ (878) $ — $ — $ 7,342 Three Months Ended June 30, 2023: Beneficial interests in FHLMC securitization $ 11,315 $ (286) (3,971) — $ 7,058 Corporate bonds 973 504 — — 1,477 Total $ 12,288 $ 218 $ (3,971) $ — $ 8,535 Six Months Ended June 30, 2023: Beneficial interests in FHLMC securitization $ 11,439 $ (410) $ (3,971) $ — $ 7,058 Corporate bonds — 1,477 — — 1,477 Total $ 11,439 $ 1,067 $ (3,971) $ — $ 8,535 During the six-month periods ending June 30, 2024 and June 30, 2023, the Company recorded a provision (reversal) for credit losses of ($878) thousand and $1.1 million, 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 June 30, 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 criterion 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 June 30, 2024, the analysis concluded and the Company concurred that eighteen corporate bonds were impacted by credit loss, for which ($562) 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. The ACL reserve related to corporate bond securities within the available-for-sale portfolio totaled $840 thousand at June 30, 2024. Charge-offs totaled $0 and $4.0 million for the six-month periods ended June 30, 2024 and June 30, 2023, respectively. For the year ended December 31, 2023, the Company recorded total charge-offs of $4.0 million related to several interest-only strip securities. The ACL related to available-for-sale securities totaled $7.3 million and $8.2 million as of June 30, 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 June 30, 2024 Amortized Cost: Collateralized mortgage obligations $ — $ 454 $ 188 $ 10,929 $ 11,571 Agency mortgage-backed securities 190 3,498 — 911,357 915,045 Municipal bonds — 13,408 32,879 2,981 49,268 SBA securities — 673 568 9,532 10,773 Beneficial interests in FHLMC securitization 3,175 4,999 — 5,822 13,996 Corporate bonds — 61,952 66,326 5,527 133,805 U.S. Treasury 799 500 — — 1,299 Total $ 4,164 $ 85,484 $ 99,961 $ 946,148 $ 1,135,757 Weighted average yield 0.52 % 6.20 % 2.97 % 5.52 % 5.33 % Estimated Fair Value: Collateralized mortgage obligations $ — $ 410 $ 180 $ 9,597 $ 10,187 Agency mortgage-backed securities 186 3,314 — 908,395 911,895 Municipal bonds — 12,643 30,143 2,415 45,201 SBA securities — 669 567 9,470 10,706 Beneficial interests in FHLMC securitization 3,175 4,999 — 5,440 13,614 Corporate bonds — 57,996 58,068 4,220 120,284 U.S. Treasury 790 466 — — 1,256 Total $ 4,151 $ 80,497 $ 88,958 $ 939,537 $ 1,113,143 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 June 30, 2024 Amortized Cost: Agency mortgage-backed securities $ — $ 3,531 $ 11,289 $ 740,213 $ 755,033 Total $ — $ 3,531 $ 11,289 $ 740,213 $ 755,033 Weighted average yield — % 0.81 % 1.46 % 2.05 % 2.03 % Estimated Fair Value: Agency mortgage-backed securities $ — $ 3,296 $ 10,264 $ 661,788 $ 675,348 Total $ — $ 3,296 $ 10,264 $ 661,788 $ 675,348 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	6 Months Ended
LOANS	Jun. 30, 2024
LOANS
LOANS	NOTE 4: LOANS The following is a summary of our loans held for investment as of: June 30, December 31, (dollars in thousands) 2024 2023 Outstanding principal balance: Loans secured by real estate: Residential properties: Multifamily $ 5,227,261 $ 5,227,885 Single family 917,656 950,712 Total real estate loans secured by residential properties 6,144,917 6,178,597 Commercial properties 973,116 987,596 Land and construction 85,260 137,298 Total real estate loans 7,203,293 7,303,491 Commercial and industrial loans 2,866,024 2,856,228 Consumer loans 2,097 1,328 Total loans 10,071,414 10,161,047 Premiums, discounts and deferred fees and expenses 15,854 16,755 Total $ 10,087,268 $ 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 $239.4 million and $283.7 million were pledged as collateral to secure borrowings with the Federal Reserve Bank at June 30, 2024 and December 31, 2023, respectively. Loans with a market value of $4.4 billion and $4.2 billion were pledged as collateral to secure borrowings with the FHLB at June 30, 2024 and December 31, 2023, respectively. During the six-month period ended June 30, 2024, loans totaling $8.1 million in unpaid principal balance were sold, resulting in a net gain on sale of loans of $678 thousand. There were no loan sales during the six-month period ended June 30, 2023. There were no outstanding loans held-for-sale as of June 30, 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 June 30, 2024: Real estate loans: Residential properties $ 4,964 $ — $ — $ 1,152 $ 6,116 $ 6,157,500 $ 6,163,616 Commercial properties 8,000 — — 8,762 16,762 955,746 972,508 Land and construction — — — — — 85,053 85,053 Commercial and industrial loans 892 296 — 9,005 10,193 2,853,758 2,863,951 Consumer loans — 178 — — 178 1,962 2,140 Total $ 13,856 $ 474 $ — $ 18,919 $ 33,249 $ 10,054,019 $ 10,087,268 Percentage of total loans 0.14 % 0.00 % — % 0.19 % 0.33 % 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 June 30, 2024: Real estate loans: Residential properties $ 908 $ 244 Commercial properties 8,762 — Commercial and industrial loans 8,755 250 Total $ 18,425 $ 494 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 six-month periods ended June 30, 2024 and 2023, respectively with related amortized cost balances, respective percentage share of the total class of loans, and the related financial effect: June 30, 2024: Term Extension Amortized Cost Basis % of Total Class of Loans Financial Effect Commercial real estate loans $ 12,900 1.30 % 1 loan with term extension of 10 months . Commercial and industrial loans 1,269 0.04 % 4 loans with various extensions of loan maturity ranging from 3 to 62.5 months. 1 loan with 3-month extension and 3-month forbearance. 1 loan with $100 payments through 3 months. Total $ 14,169 Combination Amortized Cost Basis % of Total Class of Loans Financial Effect Commercial and industrial loans $ 7,183 0.01 % 4 loans with various extensions of loan maturity ranging from 6 to 19 months and payment deferral. 1 loan with 5 month forbearance followed by interest rate reduction. 1 loan with $100 payments through 3 months with payment deferral. Total $ 7,183 Total Amortized Cost Basis % of Total Class of Loans Commercial real estate loans $ 12,900 1.30 % Commercial and industrial loans 8,452 0.05 % Total $ 21,352 June 30, 2023: Payment Deferrals Amortized Cost Basis % of Total Class of Loans Financial Effect Commercial and industrial loans $ 1,339 0.04 % 1 loan with payments deferred for 4 months . Total $ 1,339 Combination Amortized Cost Basis % of Total Class of Loans Financial Effect Commercial and industrial loans $ 950 0.03 % 1 loan with payments deferred for 4 months and term extended by 4 months. Total $ 950 Total Amortized Cost Basis % of Total Class of Loans Commercial and industrial loans $ 2,289 0.07 % Total $ 2,289 For the six-month period ended June 30, 2023, the Company made a total of 2 loan modifications to borrowers experiencing financial difficulty, which consisted of commercial and industrial loans having an amortized cost basis of $2.3 million and representing 0.07% of the total class of commercial and industrial loans. The following table presents the payment status of our loan modifications made during the previous twelve-month period of July 1, 2023 to June 30, 2024: 30-89 Days 90+ Days (dollars in thousands) Current Past Due Past Due Nonaccrual Total June 30, 2024: Residential loans $ 247 $ — $ — $ — $ 247 Commercial real estate loans 13,515 — — — 13,515 Commercial and industrial loans 13,635 — — 8,055 21,690 Total $ 27,397 $ — $ — $ 8,055 $ 35,452 None of the loans modified during the twelve-month period of July 1, 2023 to June 30, 2024 subsequently had a payment default.

ALLOWANCE FOR CREDIT LOSSES

ALLOWANCE FOR CREDIT LOSSES	6 Months Ended
ALLOWANCE FOR CREDIT LOSSES	Jun. 30, 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 $9.9 billion or approximately 97.7% of the total blended loan portfolio as of June 30, 2024. 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. 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 $224 million or approximately 2.2% 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. 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. Management applies a two-year time horizon in its ACL model at which there is a gradual reversion back to historical loss experience. 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 June 30, 2024: Real estate loans: Residential properties $ 8,374 $ 639 $ — $ — $ 9,013 Commercial properties 4,597 1,489 — — 6,086 Land and construction 66 11 — — 77 Commercial and industrial loans 16,251 (1,930) (369) 152 14,104 Consumer loans 7 8 — — 15 Total $ 29,295 $ 217 $ (369) $ 152 $ 29,295 Six Months Ended June 30, 2024: Real estate loans: Residential properties $ 9,921 $ (908) $ — $ — $ 9,013 Commercial properties 4,148 1,938 — — 6,086 Land and construction 332 (255) — — 77 Commercial and industrial loans 14,796 (133) (862) 303 14,104 Consumer loans 8 6 — 1 15 Total $ 29,205 $ 648 $ (862) $ 304 $ 29,295 Three Months Ended June 30, 2023: Real estate loans: Residential properties $ 8,263 (29) — — $ 8,234 Commercial properties 5,733 (480) — — 5,253 Land and construction 316 (29) — — 287 Commercial and industrial loans 16,760 1,404 (1,087) 613 17,690 Consumer loans 23 (3) — 1 21 Total $ 31,095 $ 863 $ (1,087) $ 614 $ 31,485 Six Months Ended June 30, 2023: Real estate loans: Residential properties $ 8,306 $ (72) $ — $ — $ 8,234 Commercial properties 8,714 (3,212) (249) — 5,253 Land and construction 164 123 — — 287 Commercial and industrial loans 16,521 3,089 (2,839) 919 17,690 Consumer loans 26 (4) (2) 1 21 Total $ 33,731 $ (76) $ (3,090) $ 920 $ 31,485 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 June 30, 2024: Loans secured by real estate: Commercial real estate loans 5,462 — — 5,462 964 Commercial loans — — 250 250 — Total $ 5,462 $ — $ 250 $ 5,712 $ 964 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 June 30, 2024: Loans secured by real estate: Residential Multifamily Pass $ 87,730 $ 37,334 $ 2,349,428 $ 1,524,498 $ 737,181 $ 494,259 $ — $ 5,230,430 Special mention — — — — — 1,124 — 1,124 Substandard — — — — — 10,826 — 10,826 Total $ 87,730 $ 37,334 $ 2,349,428 $ 1,524,498 $ 737,181 $ 506,209 $ — $ 5,242,380 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Single family Pass $ — $ 10,574 $ 253,801 $ 264,514 $ 91,989 $ 232,655 $ 46,494 $ 900,027 Special mention — — — — — 19,951 — 19,951 Substandard — — — — — 1,129 129 1,258 Total $ — $ 10,574 $ 253,801 $ 264,514 $ 91,989 $ 253,735 $ 46,623 $ 921,236 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate Pass $ 729 $ 2,417 $ 226,345 $ 126,412 $ 145,208 $ 426,991 $ — $ 928,102 Special mention — — — 1,206 2,242 881 — 4,329 Substandard — 12,900 — 112 1,332 25,733 — 40,077 Total $ 729 $ 15,317 $ 226,345 $ 127,730 $ 148,782 $ 453,605 $ — $ 972,508 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Land and construction Pass $ — $ 24,950 $ 28,731 $ 14,624 $ 9,389 $ 7,359 $ — $ 85,053 Special mention — — — — — — — — Substandard — — — — — — — — Total $ — $ 24,950 $ 28,731 $ 14,624 $ 9,389 $ 7,359 $ — $ 85,053 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 49,959 $ 158,640 $ 1,044,651 $ 250,249 $ 101,654 $ 37,854 $ 1,168,583 $ 2,811,590 Special mention 743 8,135 1,120 24,473 9 631 (271) 34,840 Substandard 126 35 330 735 3,672 1,752 10,871 17,521 Total $ 50,828 $ 166,810 $ 1,046,101 $ 275,457 $ 105,335 $ 40,237 $ 1,179,183 $ 2,863,951 Gross charge-offs $ — $ 134 $ 497 $ 196 $ 35 $ — $ — $ 862 Consumer Pass $ 22 $ 799 $ — $ 536 $ — $ 209 $ 551 $ 2,117 Special mention — — — — — — 23 23 Substandard — — — — — — — — Total $ 22 $ 799 $ — $ 536 $ — $ 209 $ 574 $ 2,140 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Total loans Pass $ 138,440 $ 234,714 $ 3,902,956 $ 2,180,833 $ 1,085,421 $ 1,199,327 $ 1,215,628 $ 9,957,319 Special mention 743 8,135 1,120 25,679 2,251 22,587 (248) 60,267 Substandard 126 12,935 330 847 5,004 39,440 11,000 69,682 Total $ 139,309 $ 255,784 $ 3,904,406 $ 2,207,359 $ 1,092,676 $ 1,261,354 $ 1,226,380 $ 10,087,268 Gross charge-offs $ — $ 134 $ 497 $ 196 $ 35 $ — $ — $ 862 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	6 Months Ended
CORE DEPOSIT INTANGIBLES	Jun. 30, 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 June 30, 2024 and December 31, 2023, core deposit intangible assets totaled $4.2 million and $4.9 million, respectively, and we recognized $756 thousand and $854 thousand in core deposit intangible amortization expense for the six-month periods ended June 30, 2024 and June 30, 2023, respectively.

DERIVATIVE ASSETS

DERIVATIVE ASSETS	6 Months Ended
DERIVATIVE ASSETS	Jun. 30, 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 gain of $1.7 million, classified as capital markets activities on the accompanying statements of operations. At June 30, 2024, the fair value of the cash flow hedge was $6.3 million and is classified as derivative assets with a corresponding amount classified as a component of AOCI on the accompanying balance sheet.

LOAN SALES AND MORTGAGE SERVICI

LOAN SALES AND MORTGAGE SERVICING RIGHTS	6 Months Ended
LOAN SALES AND MORTGAGE SERVICING RIGHTS	Jun. 30, 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 June 30, 2024, mortgage servicing rights totaled $4.4 million with no valuation allowance. At December 31, 2023, mortgage servicing rights totaled $5.5 million, inclusive of a valuation allowance of $0.3 million. Mortgage servicing rights are classified as a component of other assets in the accompanying consolidated balance sheets. The amount of loans serviced for others totaled $942 million and $1.0 billion at June 30, 2024 and December 31, 2023. Servicing fees collected for the six-month periods ended June 30, 2024 and 2023 totaled $1.2 million. There were no loan sale or purchase transactions that resulted in the recognition of mortgage servicing rights in 2024 and 2023.

DEPOSITS

DEPOSITS	6 Months Ended
DEPOSITS	Jun. 30, 2024
DEPOSITS
DEPOSITS	NOTE 9: DEPOSITS The following table summarizes the outstanding balance of deposits and average rates paid thereon as of: June 30, 2024 December 31, 2023 Weighted Weighted (dollars in thousands) Amount Average Rate Amount Average Rate Demand deposits: Noninterest-bearing $ 2,109,830 — $ 1,467,806 — Interest-bearing 2,226,766 3.97 % 2,881,786 2.94 % Money market and savings 3,656,369 4.17 % 3,195,670 3.81 % Certificates of deposit 2,763,379 4.78 % 3,143,670 4.87 % Total $ 10,756,344 3.46 % $ 10,688,932 3.36 % The following table provides the remaining maturities of certificate of deposit accounts of greater than $250,000 as of: June 30, 2024 December 31, 2023 Large Denomination Certificates of Deposit Maturity Distribution (dollars in thousands) 3 months or less $ 21,236 $ 343,078 Over 3 months through 6 months 58,013 24,126 Over 6 months through 12 months 87,157 56,415 Over 12 months 3,728 30,994 Total $ 170,134 $ 454,613 Large depositor relationships, consisting of deposit relationships which exceed 2% of total deposits, accounted for, in the aggregate, 15.3% and 12.5% of our total deposits as of June 30, 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 $27.4 million and $36.7 million at June 30, 2024 and December 31, 2023, respectively.

BORROWINGS

BORROWINGS	6 Months Ended
BORROWINGS	Jun. 30, 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 June 30, 2024, our borrowings consisted of $1 billion in FHLB putable advances at the Bank, $400 million of FHLB term advances at the Bank, $273 million in term advances from the Federal Reserve Bank, and $43 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 June 30, 2024 had a weighted average remaining life of 6.75 years and a weighted average fixed interest rate of 3.74%. The putable advances can be called quarterly until maturity at the option of the FHLB beginning in March 2024. The FHLB term advances outstanding at June 30, 2024 consist of the following: $300 million in a three-year fixed-rate advance maturing on May 28, 2027 at an interest rate of 4.95%. $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 $4.4 billion as of June 30, 2024. The Bank’s total unused borrowing capacity from the FHLB as of June 30, 2024 was $2.0 billion. The Bank had in place $10 million of letters of credit from the FHLB as of June 30, 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 fixed interest rate of 3.74%. The FHLB term advances had a fixed 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 June 30, 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 $273 million at June 30, 2024 and are collateralized by eligible investment securities valued at par and provide an additional source of liquidity. At June 30, 2024, the Bank had secured unused borrowing capacity of $674 million under this agreement. At December 31, 2023, the Bank had outstanding BIC program borrowings totaling $160 million, bearing a fixed 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 $190 million in borrowing capacity through unsecured federal funds lines, ranging in size from $20 million to $100 million, with five correspondent financial institutions. There were no balances outstanding under these arrangements as of June 30, 2024 and December 31, 2023. Holding Company Line of Credit: FFI has 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 June 30, 2024 and December 31, 2023, FFI was in compliance with the covenants contained in the loan agreement. As of June 30, 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 June 30, 2024 and December 31, 2023, the repurchase agreements are collateralized by investment securities with a fair value of approximately $83.1 million and $76.3 million, respectively.

SUBORDINATED DEBT

SUBORDINATED DEBT	6 Months Ended
SUBORDINATED DEBT	Jun. 30, 2024
SUBORDINATED DEBT.
SUBORDINATED DEBT	NOTE 11: SUBORDINATED DEBT At June 30, 2024 and December 31, 2023, FFI had two issuances of subordinated notes outstanding with an aggregate carrying value of $173 million. At June 30, 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 June 30, 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 $ 148,178 $ 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 25,250 25,339 Total $ 174,165 $ 173,428 $ 173,397

INCOME TAXES

INCOME TAXES	6 Months Ended
INCOME TAXES	Jun. 30, 2024
INCOME TAXES
INCOME TAXES	NOTE 12: INCOME TAXES For the six-month period ended June 30, 2024, the Company recorded an income tax benefit of $1.3 million and had an effective tax rate of -52.3%. For the six-month period ended June 30, 2023, the Company recorded income tax expense of $1.9 million and had an effective tax rate of -0.94%. The changes in the effective tax rate were predominately due to the changes in pretax income, as well as the impact of tax-exempt interest income and tax benefits associated with low-income housing tax credit investments. 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 $36.5 million and $29.1 million at June 30, 2024 and December 31, 2023, respectively.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	6 Months Ended
SHAREHOLDERS' EQUITY	Jun. 30, 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 earnings before interest, taxes, depreciation, and amortization (“EBITDA”) for the same twelve- month period. FFI’s cash and cash equivalents totaled $4.5 million and $15.3 million at June 30, 2024 and December 31, 2023, respectively.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
EARNINGS PER SHARE	Jun. 30, 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 and six months ended June 30: Three Months Ended Three Months Ended June 30, 2024 June 30, 2023 (dollars in thousands, except per share amounts) Basic Diluted Basic Diluted Net income (loss) $ 3,085 $ 3,085 $ (212,288) $ (212,288) Weighted average basic common shares outstanding 56,523,640 56,523,640 56,430,813 56,430,813 Dilutive effect of options, restricted stock and contingent shares issuable 8,825 — Diluted common shares outstanding 56,532,465 56,430,813 Net income (loss) per share $ 0.05 $ 0.05 $ (3.76) $ (3.76) Six Months Ended Six Months Ended June 30, 2024 June 30, 2023 (dollars in thousands, except share and per share amounts) Basic Diluted Basic Diluted Net income (loss) $ 3,878 $ 3,878 $ (203,792) $ (203,792) Weighted average basic common shares outstanding 56,504,148 56,504,148 56,403,891 56,403,891 Dilutive effect of options, restricted stock and contingent shares issuable 11,696 — Diluted common shares outstanding 56,515,844 56,403,891 Net income (loss) per share $ 0.07 $ 0.07 $ (3.61) $ (3.61) Stock options for 25,550 shares of common stock were not considered in computing diluted earnings per common share for the three and six-month periods ended June 30, 2023 because they are antidilutive. There were

SEGMENT REPORTING

SEGMENT REPORTING	6 Months Ended
SEGMENT REPORTING	Jun. 30, 2024
SEGMENT REPORTING
SEGMENT REPORTING	NOTE 15: SEGMENT REPORTING For the three and six months ended June 30, 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”, decision maker (CODM) who regularly uses them, along with other information in assessing the segments’ performance and in decisions regarding the allocation of resources. With respect to ASU 2023-07, the CODM for the Company is the 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 June 30, 2024: Interest income $ 150,914 $ — $ — $ 150,914 Interest expense 105,380 — 1,705 107,085 Net interest income 45,534 — (1,705) 43,829 Provision (reversal) for credit losses (806) — — (806) Noninterest income 6,241 7,790 (373) 13,658 Noninterest expense Compensation and benefits 14,821 4,079 195 19,095 Customer service costs 16,104 — — 16,104 Professional services and marketing costs 2,656 926 85 3,667 Other 15,720 679 364 16,763 Income (loss) before income taxes 3,280 2,106 (2,722) 2,664 Income tax (benefit) expense (255) 594 (760) (421) Net income (loss) $ 3,535 $ 1,512 $ (1,962) $ 3,085 Three Months Ended June 30, 2023: Interest income $ 145,328 $ — $ — $ 145,328 Interest expense 94,539 — 1,805 96,344 Net interest income 50,789 — (1,805) 48,984 Provision for credit losses 887 — — 887 Noninterest income 5,067 7,415 (403) 12,079 Noninterest expense Goodwill impairment 215,252 — — 215,252 Compensation and benefits 16,685 4,058 283 21,026 Customer service costs 19,004 — — 19,004 Professional services and marketing costs 2,086 912 644 3,642 Other 12,925 647 268 13,840 (Loss) income before income taxes (210,983) 1,798 (3,403) (212,588) Income tax expense (benefit) 134 529 (963) (300) Net (loss) income $ (211,117) $ 1,269 $ (2,440) $ (212,288) Wealth (dollars in thousands) Banking Management Other Total Six Months Ended June 30, 2024: Interest income $ 301,367 $ — $ — $ 301,367 Interest expense 215,742 — 3,410 219,152 Net interest income 85,625 — (3,410) 82,215 Provision (reversal) for credit losses (229) — — (229) Noninterest income 11,924 15,139 (722) 26,341 Noninterest expense Compensation and benefits 29,993 8,174 335 38,502 Customer service costs 26,842 — — 26,842 Professional services and marketing costs 5,188 1,827 42 7,057 Other 31,818 1,359 660 33,837 Income (loss) before income taxes 3,937 3,779 (5,169) 2,547 Income tax expense (benefit) (966) 1,081 (1,446) (1,331) Net income (loss) $ 4,903 $ 2,698 $ (3,723) $ 3,878 Six Months Ended June 30, 2023: Interest income $ 282,328 $ — $ — $ 282,328 Interest expense 170,988 — 3,601 174,589 Net interest income 111,340 — (3,601) 107,739 Provision (reversal) for credit losses 1,304 — — 1,304 Noninterest income 9,868 14,706 (797) 23,777 Noninterest expense Goodwill impairment 215,252 — — 215,252 Compensation and benefits 36,945 8,618 749 46,312 Customer service costs 35,719 — — 35,719 Professional services and marketing costs 4,750 1,716 1,471 7,937 Other 24,931 1,348 605 26,884 Income (loss) before income taxes (197,693) 3,024 (7,223) (201,892) Income tax expense (benefit) 3,081 893 (2,074) 1,900 Net income (loss) $ (200,774) $ 2,131 $ (5,149) $ (203,792)

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2024
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 16: SUBSEQUENT EVENTS July 2024 Capital Raise On July 8, 2024, the Company completed a capital raise transaction (the “July 2024 capital raise”) resulting in individual investments aggregating to approximately $228 million in the Company from affiliates of Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners, North Reef Capital, and other investors. In connection therewith, the Company sold and issued, in the aggregate, to the investors (i) 11,308,676 shares of common stock, par value $0.001 per share, of the Company, (ii) 29,811 shares of a new series of preferred stock, par value $0.001 per share, of the Company designated as Series A Noncumulative Convertible Preferred Stock, and (iii) 14,490 shares of a new series of preferred stock, par value $0.001 per share, of the Company designated as Series B Noncumulative Convertible Preferred Stock. In addition, investors received seven-year For additional information on the July 2024 capital raise, please see related Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on July 9, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 3,085	$ (212,288)	$ 3,878	$ (203,792)

Insider Trading Arrangements

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

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jun. 30, 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 June 30, 2024 and December 31, 2023, and for the six months ended June 30, 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)	6 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Jun. 30, 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 June 30, 2024: Investment securities available-for-sale: Collateralized mortgage obligations $ 10,187 $ — $ 10,187 $ — Agency mortgage-backed securities 911,895 — 911,895 — Municipal bonds 45,201 — 45,201 — SBA securities 10,706 — 10,706 — Beneficial interests in FHLMC securitization 7,112 — — 7,112 Corporate bonds 119,444 — 119,444 — U.S. Treasury 1,256 1,256 — — Total assets at fair value on a recurring basis $ 1,105,801 $ 1,256 $ 1,097,433 $ 7,112 Derivatives: Cash flow hedge $ 6,267 $ — $ 6,267 $ — 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 — — Total assets at fair value on a recurring basis $ 703,226 $ 398,790 $ 297,194 $ 7,242
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 June 30, 2024: Assets: Cash and cash equivalents $ 1,421,486 $ 1,421,486 $ — $ — $ 1,421,486 Securities AFS, net 1,105,801 1,256 1,097,433 7,112 1,105,801 Securities HTM 755,033 — 675,348 — 675,348 Loans, net 10,057,973 — 4,526 9,600,731 9,605,257 Investment in FHLB stock 37,810 — 37,810 — 37,810 Investment in equity securities 11,745 — — 11,745 11,745 Accrued interest receivable 58,325 58,325 — — 58,325 Derivative assets 6,267 — 6,267 — 6,267 Liabilities: Deposits $ 10,756,344 $ 7,992,965 $ 2,748,181 $ — $ 10,741,146 Borrowings 1,716,552 1,720,844 — — 1,720,844 Subordinated debt 173,428 — — 140,259 140,259 Accrued interest payable 37,872 37,872 — — 37,872 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)	6 Months Ended
SECURITIES (Tables)	Jun. 30, 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 June 30, 2024: Collateralized mortgage obligations $ 11,571 $ — $ (1,384) $ — $ 10,187 Agency mortgage-backed securities 915,045 1,223 (4,373) — 911,895 Municipal bonds 49,268 — (4,067) — 45,201 SBA securities 10,773 5 (72) — 10,706 Beneficial interests in FHLMC securitization 13,996 4 (386) (6,502) 7,112 Corporate bonds 133,805 — (13,521) (840) 119,444 U.S. Treasury 1,299 — (43) — 1,256 Total $ 1,135,757 $ 1,232 $ (23,846) $ (7,342) $ 1,105,801 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 June 30, 2024: Agency mortgage-backed securities $ 755,033 $ — $ (79,685) $ — $ 675,348 Total $ 755,033 $ — $ (79,685) $ — $ 675,348 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 June 30, 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 $ 2,882 $ (53) $ 7,304 $ (1,331) $ 10,186 $ (1,384) Agency mortgage-backed securities 582,339 (3,976) 4,884 (397) 587,223 (4,373) Municipal bonds 2,128 (105) 43,073 (3,962) 45,201 (4,067) SBA securities — — 9,230 (72) 9,230 (72) Beneficial interests in FHLMC securitization — — 4,101 (386) 4,101 (386) Corporate bonds 28,099 (1,901) 92,184 (11,620) 120,283 (13,521) U.S. Treasury — — 1,256 (43) 1,256 (43) Total $ 615,448 $ (6,035) $ 162,032 $ (17,811) $ 777,480 $ (23,846) 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 June 30, 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 $ 18,155 $ (151) $ 657,194 $ (79,534) $ 675,349 $ (79,685) Total $ 18,155 $ (151) $ 657,194 $ (79,534) $ 675,349 $ (79,685) 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 June 30, 2024: Beneficial interests in FHLMC securitization $ 6,593 $ (91) $ — $ — $ 6,502 Corporate bonds 1,318 (478) — — 840 Total $ 7,911 $ (569) $ — $ — $ 7,342 Six Months Ended June 30, 2024: Beneficial interests in FHLMC securitization $ 6,818 $ (316) $ — $ — $ 6,502 Corporate bonds 1,402 (562) — — 840 Total $ 8,220 $ (878) $ — $ — $ 7,342 Three Months Ended June 30, 2023: Beneficial interests in FHLMC securitization $ 11,315 $ (286) (3,971) — $ 7,058 Corporate bonds 973 504 — — 1,477 Total $ 12,288 $ 218 $ (3,971) $ — $ 8,535 Six Months Ended June 30, 2023: Beneficial interests in FHLMC securitization $ 11,439 $ (410) $ (3,971) $ — $ 7,058 Corporate bonds — 1,477 — — 1,477 Total $ 11,439 $ 1,067 $ (3,971) $ — $ 8,535
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 June 30, 2024 Amortized Cost: Collateralized mortgage obligations $ — $ 454 $ 188 $ 10,929 $ 11,571 Agency mortgage-backed securities 190 3,498 — 911,357 915,045 Municipal bonds — 13,408 32,879 2,981 49,268 SBA securities — 673 568 9,532 10,773 Beneficial interests in FHLMC securitization 3,175 4,999 — 5,822 13,996 Corporate bonds — 61,952 66,326 5,527 133,805 U.S. Treasury 799 500 — — 1,299 Total $ 4,164 $ 85,484 $ 99,961 $ 946,148 $ 1,135,757 Weighted average yield 0.52 % 6.20 % 2.97 % 5.52 % 5.33 % Estimated Fair Value: Collateralized mortgage obligations $ — $ 410 $ 180 $ 9,597 $ 10,187 Agency mortgage-backed securities 186 3,314 — 908,395 911,895 Municipal bonds — 12,643 30,143 2,415 45,201 SBA securities — 669 567 9,470 10,706 Beneficial interests in FHLMC securitization 3,175 4,999 — 5,440 13,614 Corporate bonds — 57,996 58,068 4,220 120,284 U.S. Treasury 790 466 — — 1,256 Total $ 4,151 $ 80,497 $ 88,958 $ 939,537 $ 1,113,143 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	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 June 30, 2024 Amortized Cost: Agency mortgage-backed securities $ — $ 3,531 $ 11,289 $ 740,213 $ 755,033 Total $ — $ 3,531 $ 11,289 $ 740,213 $ 755,033 Weighted average yield — % 0.81 % 1.46 % 2.05 % 2.03 % Estimated Fair Value: Agency mortgage-backed securities $ — $ 3,296 $ 10,264 $ 661,788 $ 675,348 Total $ — $ 3,296 $ 10,264 $ 661,788 $ 675,348 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)	6 Months Ended
LOANS (Tables)	Jun. 30, 2024
LOANS
Schedule of summary of loans held for investment	June 30, December 31, (dollars in thousands) 2024 2023 Outstanding principal balance: Loans secured by real estate: Residential properties: Multifamily $ 5,227,261 $ 5,227,885 Single family 917,656 950,712 Total real estate loans secured by residential properties 6,144,917 6,178,597 Commercial properties 973,116 987,596 Land and construction 85,260 137,298 Total real estate loans 7,203,293 7,303,491 Commercial and industrial loans 2,866,024 2,856,228 Consumer loans 2,097 1,328 Total loans 10,071,414 10,161,047 Premiums, discounts and deferred fees and expenses 15,854 16,755 Total $ 10,087,268 $ 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 June 30, 2024: Real estate loans: Residential properties $ 4,964 $ — $ — $ 1,152 $ 6,116 $ 6,157,500 $ 6,163,616 Commercial properties 8,000 — — 8,762 16,762 955,746 972,508 Land and construction — — — — — 85,053 85,053 Commercial and industrial loans 892 296 — 9,005 10,193 2,853,758 2,863,951 Consumer loans — 178 — — 178 1,962 2,140 Total $ 13,856 $ 474 $ — $ 18,919 $ 33,249 $ 10,054,019 $ 10,087,268 Percentage of total loans 0.14 % 0.00 % — % 0.19 % 0.33 % 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 June 30, 2024: Real estate loans: Residential properties $ 908 $ 244 Commercial properties 8,762 — Commercial and industrial loans 8,755 250 Total $ 18,425 $ 494 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	The following table presents our loan modifications made to borrowers experiencing financial difficulty by type of modification for the six-month periods ended June 30, 2024 and 2023, respectively with related amortized cost balances, respective percentage share of the total class of loans, and the related financial effect: June 30, 2024: Term Extension Amortized Cost Basis % of Total Class of Loans Financial Effect Commercial real estate loans $ 12,900 1.30 % 1 loan with term extension of 10 months . Commercial and industrial loans 1,269 0.04 % 4 loans with various extensions of loan maturity ranging from 3 to 62.5 months. 1 loan with 3-month extension and 3-month forbearance. 1 loan with $100 payments through 3 months. Total $ 14,169 Combination Amortized Cost Basis % of Total Class of Loans Financial Effect Commercial and industrial loans $ 7,183 0.01 % 4 loans with various extensions of loan maturity ranging from 6 to 19 months and payment deferral. 1 loan with 5 month forbearance followed by interest rate reduction. 1 loan with $100 payments through 3 months with payment deferral. Total $ 7,183 Total Amortized Cost Basis % of Total Class of Loans Commercial real estate loans $ 12,900 1.30 % Commercial and industrial loans 8,452 0.05 % Total $ 21,352 June 30, 2023: Payment Deferrals Amortized Cost Basis % of Total Class of Loans Financial Effect Commercial and industrial loans $ 1,339 0.04 % 1 loan with payments deferred for 4 months . Total $ 1,339 Combination Amortized Cost Basis % of Total Class of Loans Financial Effect Commercial and industrial loans $ 950 0.03 % 1 loan with payments deferred for 4 months and term extended by 4 months. Total $ 950 Total Amortized Cost Basis % of Total Class of Loans Commercial and industrial loans $ 2,289 0.07 % Total $ 2,289 For the six-month period ended June 30, 2023, the Company made a total of 2 loan modifications to borrowers experiencing financial difficulty, which consisted of commercial and industrial loans having an amortized cost basis of $2.3 million and representing 0.07% of the total class of commercial and industrial loans. The following table presents the payment status of our loan modifications made during the previous twelve-month period of July 1, 2023 to June 30, 2024: 30-89 Days 90+ Days (dollars in thousands) Current Past Due Past Due Nonaccrual Total June 30, 2024: Residential loans $ 247 $ — $ — $ — $ 247 Commercial real estate loans 13,515 — — — 13,515 Commercial and industrial loans 13,635 — — 8,055 21,690 Total $ 27,397 $ — $ — $ 8,055 $ 35,452

ALLOWANCE FOR CREDIT LOSSES (Ta

ALLOWANCE FOR CREDIT LOSSES (Tables)	6 Months Ended
ALLOWANCE FOR CREDIT LOSSES (Tables)	Jun. 30, 2024
ALLOWANCE FOR CREDIT LOSSES
Schedule of allowance for credit losses	The following is a rollforward of the allowance for credit losses related to loans for the following periods: Provision Beginning (Reversal) for Ending (dollars in thousands) Balance Credit Losses Charge-offs Recoveries Balance Three Months Ended June 30, 2024: Real estate loans: Residential properties $ 8,374 $ 639 $ — $ — $ 9,013 Commercial properties 4,597 1,489 — — 6,086 Land and construction 66 11 — — 77 Commercial and industrial loans 16,251 (1,930) (369) 152 14,104 Consumer loans 7 8 — — 15 Total $ 29,295 $ 217 $ (369) $ 152 $ 29,295 Six Months Ended June 30, 2024: Real estate loans: Residential properties $ 9,921 $ (908) $ — $ — $ 9,013 Commercial properties 4,148 1,938 — — 6,086 Land and construction 332 (255) — — 77 Commercial and industrial loans 14,796 (133) (862) 303 14,104 Consumer loans 8 6 — 1 15 Total $ 29,205 $ 648 $ (862) $ 304 $ 29,295 Three Months Ended June 30, 2023: Real estate loans: Residential properties $ 8,263 (29) — — $ 8,234 Commercial properties 5,733 (480) — — 5,253 Land and construction 316 (29) — — 287 Commercial and industrial loans 16,760 1,404 (1,087) 613 17,690 Consumer loans 23 (3) — 1 21 Total $ 31,095 $ 863 $ (1,087) $ 614 $ 31,485 Six Months Ended June 30, 2023: Real estate loans: Residential properties $ 8,306 $ (72) $ — $ — $ 8,234 Commercial properties 8,714 (3,212) (249) — 5,253 Land and construction 164 123 — — 287 Commercial and industrial loans 16,521 3,089 (2,839) 919 17,690 Consumer loans 26 (4) (2) 1 21 Total $ 33,731 $ (76) $ (3,090) $ 920 $ 31,485
Schedule of the amortized cost basis of collateral dependent loans and the related ACL allocated to these 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 June 30, 2024: Loans secured by real estate: Commercial real estate loans 5,462 — — 5,462 964 Commercial loans — — 250 250 — Total $ 5,462 $ — $ 250 $ 5,712 $ 964 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 $ —
Summary of risk categories of loans based on year of origination	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 June 30, 2024: Loans secured by real estate: Residential Multifamily Pass $ 87,730 $ 37,334 $ 2,349,428 $ 1,524,498 $ 737,181 $ 494,259 $ — $ 5,230,430 Special mention — — — — — 1,124 — 1,124 Substandard — — — — — 10,826 — 10,826 Total $ 87,730 $ 37,334 $ 2,349,428 $ 1,524,498 $ 737,181 $ 506,209 $ — $ 5,242,380 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Single family Pass $ — $ 10,574 $ 253,801 $ 264,514 $ 91,989 $ 232,655 $ 46,494 $ 900,027 Special mention — — — — — 19,951 — 19,951 Substandard — — — — — 1,129 129 1,258 Total $ — $ 10,574 $ 253,801 $ 264,514 $ 91,989 $ 253,735 $ 46,623 $ 921,236 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate Pass $ 729 $ 2,417 $ 226,345 $ 126,412 $ 145,208 $ 426,991 $ — $ 928,102 Special mention — — — 1,206 2,242 881 — 4,329 Substandard — 12,900 — 112 1,332 25,733 — 40,077 Total $ 729 $ 15,317 $ 226,345 $ 127,730 $ 148,782 $ 453,605 $ — $ 972,508 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Land and construction Pass $ — $ 24,950 $ 28,731 $ 14,624 $ 9,389 $ 7,359 $ — $ 85,053 Special mention — — — — — — — — Substandard — — — — — — — — Total $ — $ 24,950 $ 28,731 $ 14,624 $ 9,389 $ 7,359 $ — $ 85,053 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 49,959 $ 158,640 $ 1,044,651 $ 250,249 $ 101,654 $ 37,854 $ 1,168,583 $ 2,811,590 Special mention 743 8,135 1,120 24,473 9 631 (271) 34,840 Substandard 126 35 330 735 3,672 1,752 10,871 17,521 Total $ 50,828 $ 166,810 $ 1,046,101 $ 275,457 $ 105,335 $ 40,237 $ 1,179,183 $ 2,863,951 Gross charge-offs $ — $ 134 $ 497 $ 196 $ 35 $ — $ — $ 862 Consumer Pass $ 22 $ 799 $ — $ 536 $ — $ 209 $ 551 $ 2,117 Special mention — — — — — — 23 23 Substandard — — — — — — — — Total $ 22 $ 799 $ — $ 536 $ — $ 209 $ 574 $ 2,140 Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Total loans Pass $ 138,440 $ 234,714 $ 3,902,956 $ 2,180,833 $ 1,085,421 $ 1,199,327 $ 1,215,628 $ 9,957,319 Special mention 743 8,135 1,120 25,679 2,251 22,587 (248) 60,267 Substandard 126 12,935 330 847 5,004 39,440 11,000 69,682 Total $ 139,309 $ 255,784 $ 3,904,406 $ 2,207,359 $ 1,092,676 $ 1,261,354 $ 1,226,380 $ 10,087,268 Gross charge-offs $ — $ 134 $ 497 $ 196 $ 35 $ — $ — $ 862 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)	6 Months Ended
DEPOSITS (Tables)	Jun. 30, 2024
DEPOSITS
Summary of Outstanding Balance of Deposits and Average Rates	June 30, 2024 December 31, 2023 Weighted Weighted (dollars in thousands) Amount Average Rate Amount Average Rate Demand deposits: Noninterest-bearing $ 2,109,830 — $ 1,467,806 — Interest-bearing 2,226,766 3.97 % 2,881,786 2.94 % Money market and savings 3,656,369 4.17 % 3,195,670 3.81 % Certificates of deposit 2,763,379 4.78 % 3,143,670 4.87 % Total $ 10,756,344 3.46 % $ 10,688,932 3.36 %
Summary of Large Denomination Certificates of Deposit Maturity Distribution	June 30, 2024 December 31, 2023 Large Denomination Certificates of Deposit Maturity Distribution (dollars in thousands) 3 months or less $ 21,236 $ 343,078 Over 3 months through 6 months 58,013 24,126 Over 6 months through 12 months 87,157 56,415 Over 12 months 3,728 30,994 Total $ 170,134 $ 454,613

SUBORDINATED DEBT (Tables)

SUBORDINATED DEBT (Tables)	6 Months Ended
SUBORDINATED DEBT (Tables)	Jun. 30, 2024
SUBORDINATED DEBT.
Summary of outstanding subordinated notes	Current Current Carrying Value Stated Interest Principal June 30, 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 $ 148,178 $ 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 25,250 25,339 Total $ 174,165 $ 173,428 $ 173,397

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
EARNINGS PER SHARE (Tables)	Jun. 30, 2024
EARNINGS PER SHARE
Summary of computation of basic and diluted earnings per share	Three Months Ended Three Months Ended June 30, 2024 June 30, 2023 (dollars in thousands, except per share amounts) Basic Diluted Basic Diluted Net income (loss) $ 3,085 $ 3,085 $ (212,288) $ (212,288) Weighted average basic common shares outstanding 56,523,640 56,523,640 56,430,813 56,430,813 Dilutive effect of options, restricted stock and contingent shares issuable 8,825 — Diluted common shares outstanding 56,532,465 56,430,813 Net income (loss) per share $ 0.05 $ 0.05 $ (3.76) $ (3.76) Six Months Ended Six Months Ended June 30, 2024 June 30, 2023 (dollars in thousands, except share and per share amounts) Basic Diluted Basic Diluted Net income (loss) $ 3,878 $ 3,878 $ (203,792) $ (203,792) Weighted average basic common shares outstanding 56,504,148 56,504,148 56,403,891 56,403,891 Dilutive effect of options, restricted stock and contingent shares issuable 11,696 — Diluted common shares outstanding 56,515,844 56,403,891 Net income (loss) per share $ 0.07 $ 0.07 $ (3.61) $ (3.61)

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	6 Months Ended
SEGMENT REPORTING (Tables)	Jun. 30, 2024
SEGMENT REPORTING
Summary of key operating results of business segments	Wealth (dollars in thousands) Banking Management Other Total Three Months Ended June 30, 2024: Interest income $ 150,914 $ — $ — $ 150,914 Interest expense 105,380 — 1,705 107,085 Net interest income 45,534 — (1,705) 43,829 Provision (reversal) for credit losses (806) — — (806) Noninterest income 6,241 7,790 (373) 13,658 Noninterest expense Compensation and benefits 14,821 4,079 195 19,095 Customer service costs 16,104 — — 16,104 Professional services and marketing costs 2,656 926 85 3,667 Other 15,720 679 364 16,763 Income (loss) before income taxes 3,280 2,106 (2,722) 2,664 Income tax (benefit) expense (255) 594 (760) (421) Net income (loss) $ 3,535 $ 1,512 $ (1,962) $ 3,085 Three Months Ended June 30, 2023: Interest income $ 145,328 $ — $ — $ 145,328 Interest expense 94,539 — 1,805 96,344 Net interest income 50,789 — (1,805) 48,984 Provision for credit losses 887 — — 887 Noninterest income 5,067 7,415 (403) 12,079 Noninterest expense Goodwill impairment 215,252 — — 215,252 Compensation and benefits 16,685 4,058 283 21,026 Customer service costs 19,004 — — 19,004 Professional services and marketing costs 2,086 912 644 3,642 Other 12,925 647 268 13,840 (Loss) income before income taxes (210,983) 1,798 (3,403) (212,588) Income tax expense (benefit) 134 529 (963) (300) Net (loss) income $ (211,117) $ 1,269 $ (2,440) $ (212,288) Wealth (dollars in thousands) Banking Management Other Total Six Months Ended June 30, 2024: Interest income $ 301,367 $ — $ — $ 301,367 Interest expense 215,742 — 3,410 219,152 Net interest income 85,625 — (3,410) 82,215 Provision (reversal) for credit losses (229) — — (229) Noninterest income 11,924 15,139 (722) 26,341 Noninterest expense Compensation and benefits 29,993 8,174 335 38,502 Customer service costs 26,842 — — 26,842 Professional services and marketing costs 5,188 1,827 42 7,057 Other 31,818 1,359 660 33,837 Income (loss) before income taxes 3,937 3,779 (5,169) 2,547 Income tax expense (benefit) (966) 1,081 (1,446) (1,331) Net income (loss) $ 4,903 $ 2,698 $ (3,723) $ 3,878 Six Months Ended June 30, 2023: Interest income $ 282,328 $ — $ — $ 282,328 Interest expense 170,988 — 3,601 174,589 Net interest income 111,340 — (3,601) 107,739 Provision (reversal) for credit losses 1,304 — — 1,304 Noninterest income 9,868 14,706 (797) 23,777 Noninterest expense Goodwill impairment 215,252 — — 215,252 Compensation and benefits 36,945 8,618 749 46,312 Customer service costs 35,719 — — 35,719 Professional services and marketing costs 4,750 1,716 1,471 7,937 Other 24,931 1,348 605 26,884 Income (loss) before income taxes (197,693) 3,024 (7,223) (201,892) Income tax expense (benefit) 3,081 893 (2,074) 1,900 Net income (loss) $ (200,774) $ 2,131 $ (5,149) $ (203,792)

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended		6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Jun. 30, 2024 segment	Jun. 30, 2023 segment	Jun. 30, 2024 subsidiary segment	Jun. 30, 2023 segment
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Number of inactive wholly owned subsidiaries \| subsidiary			2
Reportable business segments \| segment	2	2	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	Jun. 30, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale	$ 1,105,801	$ 703,226
Derivatives	6,267
Agency mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale	911,895	107,347
Municipal bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale	45,201	46,436
SBA securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale	10,706	13,527
Beneficial interest - FHLMC securitizations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale	7,112	7,241
Corporate bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale	119,444	122,280
U.S. Treasury
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale	1,256	398,790
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	1,105,801	703,226
Derivatives	6,267
Fair Value on Recurring Basis \| Collateralized mortgage obligations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale	10,187	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	911,895	107,347
Fair Value on Recurring Basis \| Municipal bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale	45,201	46,436
Fair Value on Recurring Basis \| SBA securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale	10,706	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	7,112	7,242
Fair Value on Recurring Basis \| Corporate bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Securities available-for-sale	119,444	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	1,256	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	1,256	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	1,256	398,790
Fair Value Measurement Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Derivatives	6,267
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	1,097,433	297,194
Derivatives	6,267
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	10,187	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	911,895	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	45,201	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	10,706	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	119,444	122,279
Fair Value Measurement Level 3 \| 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	7,112	7,242
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	$ 7,112	$ 7,242

FAIR VALUE MEASUREMENTS - Valua

FAIR VALUE MEASUREMENTS - Valuation Assumptions (Details)	6 Months Ended	12 Months Ended
FAIR VALUE MEASUREMENTS - Valuation Assumptions (Details)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($) item	Mar. 31, 2024 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Allowance for credit losses	$ 29,295,000	$ 29,205,000	$ 29,295,000	$ 31,485,000	$ 31,095,000	$ 33,731,000
Real estate owned ("REO")	$ 6,210,000	$ 8,381,000
Number Of Real Estate Properties Sold \| item		1
Number of Real Estate Properties	1	2
Gain on sale of REO	$ 679,000	$ 679,000
Specific reserves	964,000	0
Fair Value Measurement Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Impaired loans	$ 5,700,000	$ 3,800,000
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
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
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	0.0660	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	0.0971	0.100

FAIR VALUE MEASUREMENTS - Carry

FAIR VALUE MEASUREMENTS - Carrying Amounts and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets:
Cash and cash equivalents	$ 1,421,486	$ 1,326,629
Securities AFS, net	1,105,801	703,226
Securities HTM	755,033	789,578
Loans, net	10,057,973	10,148,597
Investment in FHLB stock	37,810	24,613
Investment in equity securities	11,745	11,768
Accrued interest receivable	58,325	54,163
Derivative assets	6,267
Liabilities:
Deposits	10,756,344	10,688,932
Borrowings	1,716,552	1,409,056
Subordinated debt	173,428	173,397
Accrued interest payable	37,872	42,177
Assets Fair Value:
Cash and cash equivalents	1,421,486	1,326,629
Securities AFS, net	1,105,801	703,226
Securities HTM	675,348	710,021
Loans, net	9,605,257	9,827,508
Investment in FHLB stock	37,810	24,613
Investment in equity securities	11,745	11,768
Liabilities Fair Value:
Deposits	10,741,146	10,691,132
Borrowings	1,720,844	1,409,056
Subordinated debt	140,259	136,002
Fair Value Measurement Level 1
Assets:
Accrued interest receivable	58,325	54,163
Liabilities:
Accrued interest payable	37,872	42,177
Assets Fair Value:
Cash and cash equivalents	1,421,486	1,326,629
Securities AFS, net	1,256	398,790
Liabilities Fair Value:
Deposits	7,992,965	7,545,262
Borrowings	1,720,844	609,056
Fair Value Measurement Level 2
Assets:
Investment in FHLB stock	37,810	24,613
Derivative assets	6,267
Assets Fair Value:
Securities AFS, net	1,097,433	297,194
Securities HTM	675,348	710,021
Loans, net	4,526
Investment in FHLB stock	37,810	24,613
Liabilities Fair Value:
Deposits	2,748,181	3,145,870
Borrowings		800,000
Fair Value Measurement Level 3
Assets:
Investment in equity securities	11,745	11,768
Assets Fair Value:
Securities AFS, net	7,112	7,242
Loans, net	9,600,731	9,827,508
Investment in equity securities	11,745	11,768
Liabilities Fair Value:
Subordinated debt	$ 140,259	$ 136,002

SECURITIES - Summary of AFS Sec

SECURITIES - Summary of AFS Securities Portfolio (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities
Amortized Cost	$ 1,135,757		$ 731,489
Gross Unrealized Gains	1,232		1,034
Gross Unrealized Losses	(23,846)		(21,077)
Allowance for Credit Losses	(7,342)	$ (7,911)	(8,220)	$ (8,535)	$ (12,288)	$ (11,439)
Estimated Fair Value	1,105,801		703,226
Collateralized mortgage obligations
Schedule Of Available For Sale Securities
Amortized Cost	11,571		8,946
Gross Unrealized Losses	(1,384)		(1,341)
Estimated Fair Value	10,187		7,605
Agency mortgage-backed securities
Schedule Of Available For Sale Securities
Amortized Cost	915,045		106,733
Gross Unrealized Gains	1,223		1,028
Gross Unrealized Losses	(4,373)		(414)
Estimated Fair Value	911,895		107,347
Municipal bonds
Schedule Of Available For Sale Securities
Amortized Cost	49,268		49,473
Gross Unrealized Losses	(4,067)		(3,037)
Estimated Fair Value	45,201		46,436
SBA securities
Schedule Of Available For Sale Securities
Amortized Cost	10,773		13,631
Gross Unrealized Gains	5		2
Gross Unrealized Losses	(72)		(106)
Estimated Fair Value	10,706		13,527
Beneficial interests in FHLMC securitization
Schedule Of Available For Sale Securities
Amortized Cost	13,996		14,473
Gross Unrealized Gains	4		4
Gross Unrealized Losses	(386)		(418)
Allowance for Credit Losses	(6,502)	(6,593)	(6,818)	(7,058)	(11,315)	$ (11,439)
Estimated Fair Value	7,112		7,241
Corporate bonds
Schedule Of Available For Sale Securities
Amortized Cost	133,805		138,858
Gross Unrealized Losses	(13,521)		(15,176)
Allowance for Credit Losses	(840)	$ (1,318)	(1,402)	$ (1,477)	$ (973)
Estimated Fair Value	119,444		122,280
U.S. Treasury
Schedule Of Available For Sale Securities
Amortized Cost	1,299		399,375
Gross Unrealized Losses	(43)		(585)
Estimated Fair Value	$ 1,256		$ 398,790

SECURITIES - Additional Informa

SECURITIES - Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) instrument	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Schedule Of Available For Sale Securities
Securities available-for-sale	$ 1,105,801		$ 1,105,801		$ 703,226
Charge-offs related to interest -only strip securities			0	$ 4,000	4,000
Allowance for credit losses	7,342	$ 8,535	7,342	8,535	8,220	$ 7,911	$ 12,288	$ 11,439
Proceeds from sale of securities available-for-sale			749,020
Debt securities, available-for-sale, realized loss			200
Debt securities, available-for-sale, realized gain			1,400
Provision (reversal) for credit losses - securities AFS	(569)	218	(878)	1,067
Securities available-for-sale			747,800
Repurchase agreements \| Asset pledged as collateral
Schedule Of Available For Sale Securities
Securities available-for-sale	83,100		83,100
Federal funds purchased \| Asset pledged as collateral
Schedule Of Available For Sale Securities
Securities available-for-sale	707,700		707,700
U.S. Treasury
Schedule Of Available For Sale Securities
Securities available-for-sale	1,256		1,256		398,790
U.S. Treasury \| Asset pledged as collateral
Schedule Of Available For Sale Securities
Securities available-for-sale	1,200		1,200
Agency mortgage-backed securities
Schedule Of Available For Sale Securities
Securities available-for-sale	911,895		911,895		107,347
Agency mortgage-backed securities \| Asset pledged as collateral
Schedule Of Available For Sale Securities
Securities available-for-sale	259,900		259,900
Agency mortgage-backed securities \| Federal funds purchased \| Asset pledged as collateral
Schedule Of Available For Sale Securities
Securities available-for-sale	581,900		581,900
SBA securities
Schedule Of Available For Sale Securities
Securities available-for-sale	10,706		10,706		13,527
Corporate bonds
Schedule Of Available For Sale Securities
Securities available-for-sale	119,444		119,444		122,280
Allowance for credit losses	840	1,477	$ 840	1,477	$ 1,402	$ 1,318	$ 973
Number of financial instruments impacted by credit loss \| instrument			18
Provision (reversal) for credit losses - securities AFS	$ (478)	$ 504	$ (562)	$ 1,477
Market value			$ 31,900

SECURITIES - Summary of HTM Sec

SECURITIES - Summary of HTM Securities Portfolio (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Held-to-maturity Securities
Amortized Cost	$ 755,033	$ 789,578
Gross Unrealized Gain		1
Gross Unrealized Loss	(79,685)	(79,558)
Estimated Fair Value	675,348	710,021
Agency mortgage-backed securities
Schedule of Held-to-maturity Securities
Amortized Cost	755,033	789,578
Gross Unrealized Gain		1
Gross Unrealized Loss	(79,685)	(79,558)
Estimated Fair Value	$ 675,348	$ 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	Jun. 30, 2024	Dec. 31, 2023
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value	$ 615,448	$ 414,921
Less than 12 months, Unrealized Loss	(6,035)	(713)
12 months or more, Fair Value	162,032	181,909
12 months or more, Unrealized Loss	(17,811)	(20,364)
Total, Fair Value	777,480	596,830
Total, Unrealized Loss	(23,846)	(21,077)
Collateralized mortgage obligations
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value	2,882
Less than 12 months, Unrealized Loss	(53)
12 months or more, Fair Value	7,304	7,606
12 months or more, Unrealized Loss	(1,331)	(1,341)
Total, Fair Value	10,186	7,606
Total, Unrealized Loss	(1,384)	(1,341)
Agency mortgage-backed securities
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value	582,339
Less than 12 months, Unrealized Loss	(3,976)
12 months or more, Fair Value	4,884	5,710
12 months or more, Unrealized Loss	(397)	(414)
Total, Fair Value	587,223	5,710
Total, Unrealized Loss	(4,373)	(414)
Municipal bonds
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value	2,128	1,779
Less than 12 months, Unrealized Loss	(105)	(26)
12 months or more, Fair Value	43,073	42,847
12 months or more, Unrealized Loss	(3,962)	(3,011)
Total, Fair Value	45,201	44,626
Total, Unrealized Loss	(4,067)	(3,037)
SBA securities
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value		353
12 months or more, Fair Value	9,230	12,025
12 months or more, Unrealized Loss	(72)	(106)
Total, Fair Value	9,230	12,378
Total, Unrealized Loss	(72)	(106)
Beneficial interests in FHLMC securitization
Schedule Of Available For Sale Securities
12 months or more, Fair Value	4,101	4,041
12 months or more, Unrealized Loss	(386)	(418)
Total, Fair Value	4,101	4,041
Total, Unrealized Loss	(386)	(418)
Corporate bonds
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value	28,099	14,847
Less than 12 months, Unrealized Loss	(1,901)	(153)
12 months or more, Fair Value	92,184	108,832
12 months or more, Unrealized Loss	(11,620)	(15,023)
Total, Fair Value	120,283	123,679
Total, Unrealized Loss	(13,521)	(15,176)
U.S. Treasury
Schedule Of Available For Sale Securities
Less than 12 months, Fair Value		397,942
Less than 12 months, Unrealized Loss		(534)
12 months or more, Fair Value	1,256	848
12 months or more, Unrealized Loss	(43)	(51)
Total, Fair Value	1,256	398,790
Total, Unrealized Loss	$ (43)	$ (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	Jun. 30, 2024	Dec. 31, 2023
Schedule of Held-to-maturity Securities
Less than 12 months, Fair Value	$ 18,155
Less than 12 months, Unrecognized Loss	(151)
12 months or more, Fair Value	657,194	$ 689,454
12 months or more, Unrecognized Loss	(79,534)	(79,558)
Total, Fair Value	675,349	689,454
Total, Unrecognized Loss	(79,685)	(79,558)
Agency mortgage-backed securities
Schedule of Held-to-maturity Securities
Less than 12 months, Fair Value	18,155
Less than 12 months, Unrecognized Loss	(151)
12 months or more, Fair Value	657,194	689,454
12 months or more, Unrecognized Loss	(79,534)	(79,558)
Total, Fair Value	675,349	689,454
Total, Unrecognized Loss	$ (79,685)	$ (79,558)

SECURITIES - Schedule of Allowa

SECURITIES - Schedule of Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Schedule Of Available For Sale Securities
Beginning Balance for period	$ 7,911	$ 12,288	$ 8,220	$ 11,439
Provision (Reversal) for Credit Losses	(569)	218	(878)	1,067
Charge-offs		(3,971)		(3,971)
Ending Balance for period	7,342	8,535	7,342	8,535
Beneficial interests in FHLMC securitization
Schedule Of Available For Sale Securities
Beginning Balance for period	6,593	11,315	6,818	11,439
Provision (Reversal) for Credit Losses	(91)	(286)	(316)	(410)
Charge-offs		(3,971)		(3,971)
Ending Balance for period	6,502	7,058	6,502	7,058
Corporate bonds
Schedule Of Available For Sale Securities
Beginning Balance for period	1,318	973	1,402
Provision (Reversal) for Credit Losses	(478)	504	(562)	1,477
Ending Balance for period	$ 840	$ 1,477	$ 840	$ 1,477

SECURITIES - Scheduled Maturiti

SECURITIES - Scheduled Maturities of Securities AFS and the Related Weighted Average Yields (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule Of Available For Sale Securities
Amortized cost, 1 Year or Less	$ 4,164	$ 407,144
Amortized cost, More than 1 Year through 5 Years	85,484	81,503
Amortized cost, More than 5 Years through 10 Years	99,961	105,111
Amortized cost, More than 10 Years	946,148	137,731
Amortized cost, total	$ 1,135,757	$ 731,489
Weighted average yield, 1 Year or Less	0.52%	5.47%
Weighted average yield, More than 1 Year through 5 Years	6.20%	6.46%
Weighted average yield, More than 5 Years through 10 Years	2.97%	2.90%
Weighted average yield, More than 10 Years	5.52%	5.94%
Weighted average yield, total	5.33%	5.30%
Estimated fair value, 1 Year or Less	$ 4,151	$ 406,560
Estimated fair value, More than 1 Year through 5 Years	80,497	78,673
Estimated fair value, More than 5 Years through 10 Years	88,958	91,625
Estimated fair value, More than 10 Years	939,537	134,588
Estimated fair value, total	1,113,143	711,446
Agency mortgage-backed securities
Schedule Of Available For Sale Securities
Amortized cost, 1 Year or Less	190	141
Amortized cost, More than 1 Year through 5 Years	3,498	4,364
Amortized cost, More than 10 Years	911,357	102,228
Amortized cost, total	915,045	106,733
Estimated fair value, 1 Year or Less	186	137
Estimated fair value, More than 1 Year through 5 Years	3,314	4,134
Estimated fair value, More than 10 Years	908,395	103,076
Estimated fair value, total	911,895	107,347
Municipal bonds
Schedule Of Available For Sale Securities
Amortized cost, More than 1 Year through 5 Years	13,408	9,672
Amortized cost, More than 5 Years through 10 Years	32,879	36,103
Amortized cost, More than 10 Years	2,981	3,698
Amortized cost, total	49,268	49,473
Estimated fair value, More than 1 Year through 5 Years	12,643	9,231
Estimated fair value, More than 5 Years through 10 Years	30,143	34,142
Estimated fair value, More than 10 Years	2,415	3,063
Estimated fair value, total	45,201	46,436
SBA securities
Schedule Of Available For Sale Securities
Amortized cost, More than 1 Year through 5 Years	673	944
Amortized cost, More than 5 Years through 10 Years	568	623
Amortized cost, More than 10 Years	9,532	12,064
Amortized cost, total	10,773	13,631
Estimated fair value, More than 1 Year through 5 Years	669	936
Estimated fair value, More than 5 Years through 10 Years	567	622
Estimated fair value, More than 10 Years	9,470	11,969
Estimated fair value, total	10,706	13,527
Beneficial interest - FHLMC securitizations
Schedule Of Available For Sale Securities
Amortized cost, 1 Year or Less	3,175	3,315
Amortized cost, More than 1 Year through 5 Years	4,999	5,380
Amortized cost, More than 10 Years	5,822	5,778
Amortized cost, total	13,996	14,473
Estimated fair value, 1 Year or Less	3,175	3,315
Estimated fair value, More than 1 Year through 5 Years	4,999	5,380
Estimated fair value, More than 10 Years	5,440	5,364
Estimated fair value, total	13,614	14,059
Corporate bonds
Schedule Of Available For Sale Securities
Amortized cost, 1 Year or Less		5,012
Amortized cost, More than 1 Year through 5 Years	61,952	60,444
Amortized cost, More than 5 Years through 10 Years	66,326	67,872
Amortized cost, More than 10 Years	5,527	5,530
Amortized cost, total	133,805	138,858
Estimated fair value, 1 Year or Less		4,973
Estimated fair value, More than 1 Year through 5 Years	57,996	58,337
Estimated fair value, More than 5 Years through 10 Years	58,068	56,395
Estimated fair value, More than 10 Years	4,220	3,977
Estimated fair value, total	120,284	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	790	398,135
Estimated fair value, More than 1 Year through 5 Years	466	655
Estimated fair value, total	1,256	398,790
Collateralized mortgage obligations
Schedule Of Available For Sale Securities
Amortized cost, More than 1 Year through 5 Years	454
Amortized cost, More than 5 Years through 10 Years	188	513
Amortized cost, More than 10 Years	10,929	8,433
Amortized cost, total	11,571	8,946
Estimated fair value, More than 1 Year through 5 Years	410
Estimated fair value, More than 5 Years through 10 Years	180	466
Estimated fair value, More than 10 Years	9,597	7,139
Estimated fair value, total	$ 10,187	$ 7,605

SECURITIES - Scheduled Maturi_2

SECURITIES - Scheduled Maturities of Securities HTM and the Related Weighted Average Yields (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
HTM - Amortized Cost
Amortized cost, More than 1 Year through 5 Years	$ 3,531	$ 4,259
Amortized cost, More than 5 Years through 10 Years	11,289	12,537
Amortized cost, More than 10 Years	740,213	772,782
Amortized cost, total	$ 755,033	$ 789,578
HTM - Weighted average yield
Weighted average yield, More than 1 Year through 5 Years	0.81%	0.86%
Weighted average yield, More than 5 Years through 10 Years	1.46%	1.44%
Weighted average yield, More than 10 Years	2.05%	2.26%
Weighted average yield, total	2.03%	2.24%
HTM - Estimated Fair Value
Estimated fair value, More than 1 Year through 5 Years	$ 3,296	$ 3,972
Estimated fair value, More than 5 Years through 10 Years	10,264	11,457
Estimated fair value, More than 10 Years	661,788	694,592
Estimated fair value, total	675,348	710,021
Agency mortgage-backed securities
HTM - Amortized Cost
Amortized cost, More than 1 Year through 5 Years	3,531	4,259
Amortized cost, More than 5 Years through 10 Years	11,289	12,537
Amortized cost, More than 10 Years	740,213	772,782
Amortized cost, total	755,033	789,578
HTM - Estimated Fair Value
Estimated fair value, More than 1 Year through 5 Years	3,296	3,972
Estimated fair value, More than 5 Years through 10 Years	10,264	11,457
Estimated fair value, More than 10 Years	661,788	694,592
Estimated fair value, total	$ 675,348	$ 710,021

LOANS - Summary of Loans (Detai

LOANS - Summary of Loans (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
LOANS - Summary of Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Loans
Total loans	$ 10,071,414	$ 10,071,414		$ 10,161,047
Premiums, discounts and deferred fees and expenses	15,854	15,854		16,755
Total loans	10,087,268	10,087,268		10,177,802
Securities pledged as collateral	83,100	83,100		76,300
Unpaid principal balance		8,100
Gain on sale of loans	415	678	$ 0
Loans held for sale	0	0		0
Asset pledged as collateral \| Federal Reserve Bank advances \| Loan Origination Commitments
Loans
Securities pledged as collateral	239,400	239,400		283,700
Asset pledged as collateral \| Federal Home Loan Bank Advances \| Loan Origination Commitments
Loans
Securities pledged as collateral	4,400,000	4,400,000		4,200,000
Multifamily
Loans
Total loans	5,242,380	5,242,380		5,243,168
Single family
Loans
Total loans	921,236	921,236		954,376
Commercial properties
Loans
Total loans	972,508	972,508		986,772
Land and construction
Loans
Total loans	85,053	85,053		136,827
Commercial and industrial loans
Loans
Total loans	2,866,024	2,866,024		2,856,228
Total loans	2,863,951	2,863,951		2,855,262
Consumer loans
Loans
Total loans	2,097	2,097		1,328
Total loans	2,140	2,140		1,397
Real estate loans
Loans
Total loans	7,203,293	7,203,293		7,303,491
Real estate loans \| Residential properties
Loans
Total loans	6,144,917	6,144,917		6,178,597
Total loans	6,163,616	6,163,616		6,197,544
Real estate loans \| Multifamily
Loans
Total loans	5,227,261	5,227,261		5,227,885
Real estate loans \| Single family
Loans
Total loans	917,656	917,656		950,712
Real estate loans \| Commercial properties
Loans
Total loans	973,116	973,116		987,596
Total loans	972,508	972,508		986,772
Real estate loans \| Land and construction
Loans
Total loans	85,260	85,260		137,298
Total loans	$ 85,053	$ 85,053		$ 136,827

LOANS - Summary of Delinquent a

LOANS - Summary of Delinquent and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Loans
Nonaccrual	$ 18,919	$ 11,831
Total	$ 10,087,268	$ 10,177,802
Percentage of Total Loans Due Nonaccrual	0.19%	0.12%
Financial Asset, Past Due
Loans
Total	$ 33,249	$ 42,489
Percentage of Total Loans	0.33%	0.42%
30-59 Days
Loans
Total	$ 13,856	$ 28,021
Percentage of Total Loans Due 30-59 Days	0.14%	0.28%
60-89 Days
Loans
Total	$ 474	$ 907
Percentage of Total Loans Due 60-89 Days	0%	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	$ 10,054,019	$ 10,135,313
Commercial properties
Loans
Total	972,508	986,772
Land and construction
Loans
Total	85,053	136,827
Commercial and industrial loans
Loans
Nonaccrual	9,005	8,804
Total	2,863,951	2,855,262
Commercial and industrial loans \| Financial Asset, Past Due
Loans
Total	10,193	9,417
Commercial and industrial loans \| 30-59 Days
Loans
Total	892	525
Commercial and industrial loans \| 60-89 Days
Loans
Total	296	88
Commercial and industrial loans \| Financial Asset, Not Past Due
Loans
Total	2,853,758	2,845,845
Consumer loans
Loans
Total	2,140	1,397
Consumer loans \| Financial Asset, Past Due
Loans
Total	178
Consumer loans \| 60-89 Days
Loans
Total	178
Consumer loans \| Financial Asset, Not Past Due
Loans
Total	1,962	1,397
Real estate loans \| Residential loans
Loans
Nonaccrual	1,152	112
Total	6,163,616	6,197,544
Real estate loans \| Residential loans \| Financial Asset, Past Due
Loans
Total	6,116	621
Real estate loans \| Residential loans \| 30-59 Days
Loans
Total	4,964	93
Real estate loans \| Residential loans \| 60-89 Days
Loans
Total		416
Real estate loans \| Residential loans \| Financial Asset, Not Past Due
Loans
Total	6,157,500	6,196,923
Real estate loans \| Commercial properties
Loans
Nonaccrual	8,762	2,915
Total	972,508	986,772
Real estate loans \| Commercial properties \| Financial Asset, Past Due
Loans
Total	16,762	32,451
Real estate loans \| Commercial properties \| 30-59 Days
Loans
Total	8,000	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	955,746	954,321
Real estate loans \| Land and construction
Loans
Total	85,053	136,827
Real estate loans \| Land and construction \| Financial Asset, Not Past Due
Loans
Total	$ 85,053	$ 136,827

LOANS - Summary of Nonaccrual L

LOANS - Summary of Nonaccrual Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Loans
Nonaccrual with Allowance for Credit Losses	$ 18,425	$ 7,406
Nonaccrual with no Allowance for Credit Losses	494	4,425
Commercial and industrial loans
Loans
Nonaccrual with Allowance for Credit Losses	8,755	7,406
Nonaccrual with no Allowance for Credit Losses	250	1,398
Real estate loans \| Residential loans
Loans
Nonaccrual with Allowance for Credit Losses	908
Nonaccrual with no Allowance for Credit Losses	244	112
Real estate loans \| Commercial properties
Loans
Nonaccrual with Allowance for Credit Losses	$ 8,762
Nonaccrual with no Allowance for Credit Losses		$ 2,915

LOANS - Summary of Loan Modific

LOANS - Summary of Loan Modifications (Details)	6 Months Ended
LOANS - Summary of Loan Modifications (Details)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024	Jun. 30, 2024 item
Financing Receivable Modifications
Amortized Cost Basis	$ 21,352,000	$ 2,289,000
Loans modification	0
Term Extension
Financing Receivable Modifications
Amortized Cost Basis	14,169,000
Payment Deferral
Financing Receivable Modifications
Amortized Cost Basis		$ 1,339,000
Loans modified		1
Payment Deferral Term		4 months
Payment Deferral And Extended Maturity
Financing Receivable Modifications
Amortized Cost Basis	7,183,000	$ 950,000
Loans modified		1
Payment Deferral Term		4 months
Extended Term		4 months
Real estate loans
Financing Receivable Modifications
Nonaccrual	8,055,000
Amortized Cost Basis with Payment Default	35,452,000
Real estate loans \| Financial Asset, Not Past Due
Financing Receivable Modifications
Amortized Cost Basis	27,397,000
Residential loans \| Real estate loans
Financing Receivable Modifications
Amortized Cost Basis with Payment Default	247,000
Residential loans \| Real estate loans \| Financial Asset, Not Past Due
Financing Receivable Modifications
Amortized Cost Basis	247,000
Commercial properties
Financing Receivable Modifications
Amortized Cost Basis	$ 12,900,000
Total Class of Loans	1.30%
Commercial properties \| Term Extension
Financing Receivable Modifications
Loans modified			1
Payment Deferral Term	10 months
Commercial properties \| Real estate loans
Financing Receivable Modifications
Amortized Cost Basis with Payment Default	$ 13,515,000
Commercial properties \| Real estate loans \| Financial Asset, Not Past Due
Financing Receivable Modifications
Amortized Cost Basis	13,515,000
Commercial and industrial loans
Financing Receivable Modifications
Amortized Cost Basis	8,452,000	$ 2,289,000
Nonaccrual	8,055,000
Amortized Cost Basis with Payment Default	$ 21,690,000
Total Class of Loans	0.05%	0.07%
Loans modified		2
Commercial and industrial loans \| Financial Asset, Not Past Due
Financing Receivable Modifications
Amortized Cost Basis	$ 13,635,000
Commercial and industrial loans \| Payment Deferral
Financing Receivable Modifications
Amortized Cost Basis		$ 1,339,000
Total Class of Loans		0.04%
Commercial and industrial loans \| Extended Maturity for One Loan [Member]
Financing Receivable Modifications
Loans modified			1	4
Period of payment forbearance	3 months
Commercial and industrial loans \| Extended Maturity for One Loan [Member] \| Minimum
Financing Receivable Modifications
Payment Deferral Term	3 months
Commercial and industrial loans \| Extended Maturity for One Loan [Member] \| Maximum
Financing Receivable Modifications
Payment Deferral Term	62 months 15 days
Commercial and industrial loans \| Extended Maturity Loan One [Member]
Financing Receivable Modifications
Extended Term	5 months
Commercial and industrial loans \| Extended Maturity Loan Two [Member]
Financing Receivable Modifications
Loans modified	1		1
Payment Deferral Term	3 months
Commercial and industrial loans \| Extended Maturity Loan Three [Member]
Financing Receivable Modifications
Financing receivable, excluding accrued interest, modified, payments	$ 100,000
Loans modified	1
Payment Deferral Term	3 months
Commercial and industrial loans \| Extended Maturity Loan Three [Member] \| Minimum
Financing Receivable Modifications
Payment Deferral Term	6 months
Commercial and industrial loans \| Extended Maturity Loan Three [Member] \| Maximum
Financing Receivable Modifications
Payment Deferral Term	19 months
Commercial and industrial loans \| Payment Deferral And Extended Maturity
Financing Receivable Modifications
Amortized Cost Basis	$ 7,183,000	$ 950,000
Total Class of Loans	0.01%	0.03%
Loans modified \| item				4
Commercial and industrial loans \| Real estate loans \| Term Extension
Financing Receivable Modifications
Amortized Cost Basis	$ 1,269,000
Total Class of Loans	0.04%

ALLOWANCE FOR CREDIT LOSSES - B

ALLOWANCE FOR CREDIT LOSSES - Bank's Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable Allowance For Credit Losses
Financing receivables collectively evaluated for impairment	$ 9,900,000		$ 9,900,000		$ 9,900,000
Percentage of financing receivables collectively evaluated for impairment	97.70%		97.70%		97.20%
Financing receivables individually evaluated for impairment	$ 224,000		$ 224,000		$ 268,000
Percentage of financing receivables individually evaluated for impairment	2.20%		2.20%		2.60%
Financing Receivable, Allowance for Credit Loss, Beginning Balance	$ 29,295	$ 31,095	$ 29,205	$ 33,731
Provision (Reversal) for Credit Losses	217	863	648	(76)
Charge-offs	(369)	(1,087)	(862)	(3,090)
Recoveries	152	614	304	920
Financing Receivable, Allowance for Credit Loss, Ending Balance	29,295	31,485	29,295	31,485
Residential properties
Financing Receivable Allowance For Credit Losses
Financing Receivable, Allowance for Credit Loss, Beginning Balance	8,374	8,263	9,921	8,306
Provision (Reversal) for Credit Losses	639	(29)	(908)	(72)
Financing Receivable, Allowance for Credit Loss, Ending Balance	9,013	8,234	9,013	8,234
Commercial properties
Financing Receivable Allowance For Credit Losses
Financing Receivable, Allowance for Credit Loss, Beginning Balance	4,597	5,733	4,148	8,714
Provision (Reversal) for Credit Losses	1,489	(480)	1,938	(3,212)
Charge-offs				(249)
Financing Receivable, Allowance for Credit Loss, Ending Balance	6,086	5,253	6,086	5,253
Land and construction
Financing Receivable Allowance For Credit Losses
Financing Receivable, Allowance for Credit Loss, Beginning Balance	66	316	332	164
Provision (Reversal) for Credit Losses	11	(29)	(255)	123
Financing Receivable, Allowance for Credit Loss, Ending Balance	77	287	77	287
Commercial and industrial loans
Financing Receivable Allowance For Credit Losses
Financing Receivable, Allowance for Credit Loss, Beginning Balance	16,251	16,760	14,796	16,521
Provision (Reversal) for Credit Losses	(1,930)	1,404	(133)	3,089
Charge-offs	(369)	(1,087)	(862)	(2,839)
Recoveries	152	613	303	919
Financing Receivable, Allowance for Credit Loss, Ending Balance	14,104	17,690	14,104	17,690
Consumer loans
Financing Receivable Allowance For Credit Losses
Financing Receivable, Allowance for Credit Loss, Beginning Balance	7	23	8	26
Provision (Reversal) for Credit Losses	8	(3)	6	(4)
Charge-offs				(2)
Recoveries		1	1	1
Financing Receivable, Allowance for Credit Loss, Ending Balance	$ 15	$ 21	$ 15	$ 21

ALLOWANCE FOR CREDIT LOSSES - A

ALLOWANCE FOR CREDIT LOSSES - Amortized Cost Basis of Collateral Dependent Loans Individually Evaluated to Determine Credit Losses and Related ACL Allocated to Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable Allowance For Credit Losses
Total Allowance for Credit Losses	$ 29,295	$ 29,295	$ 29,205	$ 31,485	$ 31,095	$ 33,731
Residential Portfolio Segment [Member]
Financing Receivable Allowance For Credit Losses
Total Allowance for Credit Losses	9,013	8,374	9,921	8,234	8,263	8,306
Commercial properties
Financing Receivable Allowance For Credit Losses
Total Allowance for Credit Losses	6,086	4,597	4,148	5,253	5,733	8,714
Land and construction
Financing Receivable Allowance For Credit Losses
Total Allowance for Credit Losses	77	66	332	287	316	164
Commercial and industrial loans
Financing Receivable Allowance For Credit Losses
Total Allowance for Credit Losses	14,104	16,251	14,796	17,690	16,760	16,521
Consumer loans
Financing Receivable Allowance For Credit Losses
Total Allowance for Credit Losses	15	$ 7	8	$ 21	$ 23	$ 26
Collateral Dependent Loans
Financing Receivable Allowance For Credit Losses
Amortized cost	5,712		3,751
Total Allowance for Credit Losses	964
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
Collateral Dependent Loans \| Equipment/Receivables
Financing Receivable Allowance For Credit Losses
Amortized cost	250		978
Collateral Dependent Loans \| Commercial properties
Financing Receivable Allowance For Credit Losses
Amortized cost	5,462		2,523
Total Allowance for Credit Losses	964
Collateral Dependent Loans \| Commercial properties \| 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
Collateral Dependent Loans \| Commercial and industrial loans \| Equipment/Receivables
Financing Receivable Allowance For Credit Losses
Amortized cost	$ 250		$ 978

ALLOWANCE FOR CREDIT LOSSES - R

ALLOWANCE FOR CREDIT LOSSES - Risk Category of Loans Based on Year of Origination (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	$ 139,309	$ 267,987
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	255,784	3,963,754
Financing Receivable Originated Two Years Before Latest Fiscal Year	3,904,406	2,285,355
Financing Receivable Originated Three Years Before Latest Fiscal Year	2,207,359	1,139,824
Financing Receivable Originated Four Years Before Latest Fiscal Year	1,092,676	449,852
Prior	1,261,354	916,714
Revolving Loans	1,226,380	1,154,316
Total	10,087,268	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	134	1,420
Gross charge-offs Originated Two Years Before Latest Fiscal Year	497	1,205
Gross charge-offs Originated Three Years Before Latest Fiscal Year	196	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	862	5,249
Pass
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	138,440	255,032
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	234,714	3,962,382
Financing Receivable Originated Two Years Before Latest Fiscal Year	3,902,956	2,257,273
Financing Receivable Originated Three Years Before Latest Fiscal Year	2,180,833	1,131,520
Financing Receivable Originated Four Years Before Latest Fiscal Year	1,085,421	431,470
Prior	1,199,327	867,002
Revolving Loans	1,215,628	1,141,934
Total	9,957,319	10,046,613
Special Mention
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	743
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	8,135	1,360
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,120	27,124
Financing Receivable Originated Three Years Before Latest Fiscal Year	25,679	2,978
Financing Receivable Originated Four Years Before Latest Fiscal Year	2,251	5,633
Prior	22,587	40,995
Revolving Loans	248	735
Total	60,267	78,825
Substandard
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	126	12,955
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	12,935	12
Financing Receivable Originated Two Years Before Latest Fiscal Year	330	958
Financing Receivable Originated Three Years Before Latest Fiscal Year	847	5,326
Financing Receivable Originated Four Years Before Latest Fiscal Year	5,004	12,749
Prior	39,440	8,717
Revolving Loans	11,000	11,647
Total	69,682	52,364
Multifamily
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	87,730	37,343
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	37,334	2,355,381
Financing Receivable Originated Two Years Before Latest Fiscal Year	2,349,428	1,538,884
Financing Receivable Originated Three Years Before Latest Fiscal Year	1,524,498	763,736
Financing Receivable Originated Four Years Before Latest Fiscal Year	737,181	295,252
Prior	506,209	252,572
Total	5,242,380	5,243,168
Multifamily \| Pass
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	87,730	37,343
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	37,334	2,355,381
Financing Receivable Originated Two Years Before Latest Fiscal Year	2,349,428	1,537,636
Financing Receivable Originated Three Years Before Latest Fiscal Year	1,524,498	763,736
Financing Receivable Originated Four Years Before Latest Fiscal Year	737,181	289,675
Prior	494,259	243,146
Total	5,230,430	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	1,124	9,426
Total	1,124	16,251
Multifamily \| Substandard
Financing Receivable Recorded Investment
Prior	10,826
Total	10,826
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	10,574	259,043
Financing Receivable Originated Two Years Before Latest Fiscal Year	253,801	267,373
Financing Receivable Originated Three Years Before Latest Fiscal Year	264,514	92,567
Financing Receivable Originated Four Years Before Latest Fiscal Year	91,989	38,132
Prior	253,735	229,047
Revolving Loans	46,623	54,583
Total	921,236	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	10,574	259,043
Financing Receivable Originated Two Years Before Latest Fiscal Year	253,801	267,373
Financing Receivable Originated Three Years Before Latest Fiscal Year	264,514	92,567
Financing Receivable Originated Four Years Before Latest Fiscal Year	91,989	38,132
Prior	232,655	208,035
Revolving Loans	46,494	54,444
Total	900,027	933,225
Single family \| Special Mention
Financing Receivable Recorded Investment
Prior	19,951	20,166
Total	19,951	20,166
Single family \| Substandard
Financing Receivable Recorded Investment
Prior	1,129	846
Revolving Loans	129	139
Total	1,258	985
Commercial properties
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	729	15,369
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	15,317	221,525
Financing Receivable Originated Two Years Before Latest Fiscal Year	226,345	131,918
Financing Receivable Originated Three Years Before Latest Fiscal Year	127,730	123,404
Financing Receivable Originated Four Years Before Latest Fiscal Year	148,782	92,667
Prior	453,605	401,889
Total	972,508	986,772
Financing Receivable Recorded Investment
Gross charge-offs Prior		249
Gross charge-offs Total loans		249
Commercial properties \| Pass
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	729	2,469
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	2,417	221,525
Financing Receivable Originated Two Years Before Latest Fiscal Year	226,345	130,579
Financing Receivable Originated Three Years Before Latest Fiscal Year	126,412	119,684
Financing Receivable Originated Four Years Before Latest Fiscal Year	145,208	81,243
Prior	426,991	383,729
Total	928,102	939,229
Commercial properties \| 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	1,206	2,275
Financing Receivable Originated Four Years Before Latest Fiscal Year	2,242
Prior	881	10,747
Total	4,329	14,245
Commercial properties \| 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	112	1,445
Financing Receivable Originated Four Years Before Latest Fiscal Year	1,332	11,424
Prior	25,733	7,413
Total	40,077	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	24,950	43,923
Financing Receivable Originated Two Years Before Latest Fiscal Year	28,731	29,445
Financing Receivable Originated Three Years Before Latest Fiscal Year	14,624	36,498
Financing Receivable Originated Four Years Before Latest Fiscal Year	9,389	807
Prior	7,359	7,003
Total	85,053	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	24,950	43,923
Financing Receivable Originated Two Years Before Latest Fiscal Year	28,731	29,445
Financing Receivable Originated Three Years Before Latest Fiscal Year	14,624	36,498
Financing Receivable Originated Four Years Before Latest Fiscal Year	9,389	807
Prior	7,359	7,003
Total	85,053	136,827
Commercial and industrial loans
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	50,828	182,446
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	166,810	1,083,882
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,046,101	317,158
Financing Receivable Originated Three Years Before Latest Fiscal Year	275,457	123,619
Financing Receivable Originated Four Years Before Latest Fiscal Year	105,335	22,695
Prior	40,237	26,144
Revolving Loans	1,179,183	1,099,318
Total	2,863,951	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	134	1,420
Gross charge-offs Originated Two Years Before Latest Fiscal Year	497	1,205
Gross charge-offs Originated Three Years Before Latest Fiscal Year	196	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	862	4,998
Commercial and industrial loans \| Pass
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	49,959	182,391
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	158,640	1,082,510
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,044,651	291,663
Financing Receivable Originated Three Years Before Latest Fiscal Year	250,249	119,035
Financing Receivable Originated Four Years Before Latest Fiscal Year	101,654	21,314
Prior	37,854	25,030
Revolving Loans	1,168,583	1,087,075
Total	2,811,590	2,809,018
Commercial and industrial loans \| Special Mention
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	743
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	8,135	1,360
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,120	24,653
Financing Receivable Originated Three Years Before Latest Fiscal Year	24,473	703
Financing Receivable Originated Four Years Before Latest Fiscal Year	9	56
Prior	631	656
Revolving Loans	271	735
Total	34,840	28,163
Commercial and industrial loans \| Substandard
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	126	55
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	35	12
Financing Receivable Originated Two Years Before Latest Fiscal Year	330	842
Financing Receivable Originated Three Years Before Latest Fiscal Year	735	3,881
Financing Receivable Originated Four Years Before Latest Fiscal Year	3,672	1,325
Prior	1,752	458
Revolving Loans	10,871	11,508
Total	17,521	18,081
Consumer loans
Financing Receivable Recorded Investment
Financing Receivable Originated In Current Fiscal Year	22	47
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	799
Financing Receivable Originated Two Years Before Latest Fiscal Year		577
Financing Receivable Originated Three Years Before Latest Fiscal Year	536
Financing Receivable Originated Four Years Before Latest Fiscal Year		299
Prior	209	59
Revolving Loans	574	415
Total	2,140	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	22	47
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	799
Financing Receivable Originated Two Years Before Latest Fiscal Year		577
Financing Receivable Originated Three Years Before Latest Fiscal Year	536
Financing Receivable Originated Four Years Before Latest Fiscal Year		299
Prior	209	59
Revolving Loans	551	415
Total	2,117	$ 1,397
Consumer loans \| Special Mention
Financing Receivable Recorded Investment
Revolving Loans	23
Total	$ 23

CORE DEPOSIT INTANGIBLES (Detai

CORE DEPOSIT INTANGIBLES (Details) - Core Deposit - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
CORE DEPOSIT INTANGIBLES
Core deposit intangible assets	$ 4,200		$ 4,900
Core deposit intangible amortization expense	$ 756	$ 854
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	6 Months Ended
DERIVATIVES ASSETS (Details) - USD ($) $ in Thousands	Mar. 28, 2024	Feb. 01, 2024	Jun. 30, 2024	Jun. 30, 2024
Derivatives Fair Value [Line Items]
Gain from derivative activity			$ 836	$ 1,673
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
Gain from derivative activity	$ 1,700
Cash flow hedge			$ 6,300	$ 6,300

LOAN SALES AND MORTGAGE SERVI_2

LOAN SALES AND MORTGAGE SERVICING RIGHTS (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
LOAN SALES AND MORTGAGE SERVICING RIGHTS
Mortgage servicing rights	$ 4,400		$ 5,500
Mortgage servicing rights, valuation allowance	0	$ 300
Loans serviced for other financial institution	942,000		$ 1,000,000
Servicing fees earned on loans	1,200	1,200
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	Jun. 30, 2024	Dec. 31, 2023
DEPOSITS
Demand deposits, Noninterest-bearing	$ 2,109,830	$ 1,467,806
Demand deposits, Interest-bearing	2,226,766	2,881,786
Money market and savings	3,656,369	3,195,670
Certificates of deposit	2,763,379	3,143,670
Total	$ 10,756,344	$ 10,688,932
Demand deposits, Interest-bearing, Weighted Average Rate	3.97%	2.94%
Money market and savings, Weighted Average Rate	4.17%	3.81%
Certificates of deposit, Weighted Average Rate	4.78%	4.87%
Total, Weighted Average Rate	3.46%	3.36%

DEPOSITS - Remaining maturities

DEPOSITS - Remaining maturities of Certificate of Deposit Accounts (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
DEPOSITS
3 months or less	$ 21,236	$ 343,078
Over 3 months through 6 months	58,013	24,126
Over 6 months through 12 months	87,157	56,415
Over 12 months	3,728	30,994
Total	$ 170,134	$ 454,613

DEPOSITS - Additional Informati

DEPOSITS - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
DEPOSITS
Large depositor relationships, percentage of total deposits	2%	2%
Large depositor relationships, consisting of deposit relationships, total deposits	15.30%	12.50%
Accrued interest payable on deposits	$ 27.4	$ 36.7

BORROWINGS (Details)

BORROWINGS (Details)	6 Months Ended
BORROWINGS (Details)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Borrowings
Borrowing in term FHLB	$ 400,000,000	$ 100,000,000
Carrying Value	173,428,000	173,397,000
Loans held for investment	4,400,000,000	4,300,000,000
Federal Home Loan Bank, maximum borrowing capacity	2,000,000,000	2,000,000,000
Federal Home Loan Bank, additional credit available	10,000,000	$ 310,000,000
FHLB term advances interest rate		4.21%
Unsecured debt	$ 190,000,000
Number of financial institutions	5
Securities pledged as collateral	$ 83,100,000	$ 76,300,000
FHLB putable advances
Borrowings
FHLB advances	$ 1,000,000,000	$ 800,000,000
Weighted average interest rate	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	6 years 9 months	5 years 4 months 28 days
Revolving Credit Facility
Borrowings
Long-term line of credit	$ 0	$ 0
Debt instrument basis point rate	0.50%
Line of credit, borrowing capacity	$ 20,000,000
FHLB Advances Maturing on May 28, 2027
Borrowings
FHLB advances	$ 300,000,000
Weighted average life	3 years
Interest rate (as a percent)	4.95%
FHLB Advances Maturing on June 28, 2028
Borrowings
FHLB advances	$ 100,000,000
Weighted average life	5 years
Interest rate (as a percent)	4.21%
Overnight FHLB Advance
Borrowings
Secured debt		160,000,000
Repurchase agreements
Borrowings
Secured debt	$ 43,000,000	64,000,000
Federal Reserve Bank advances
Borrowings
Secured debt	273,000,000	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	$ 273,000,000	$ 285,000,000
Debt instrument basis point rate	0.10%
Remaining borrowing capacity	$ 674,000,000	$ 402,000,000

SUBORDINATED DEBT (Details)

SUBORDINATED DEBT (Details) $ in Thousands	6 Months Ended	12 Months Ended
SUBORDINATED DEBT (Details) $ in Thousands	Jun. 30, 2024 USD ($) item	Dec. 31, 2023 USD ($) item
Subordinated Debt
Number of subordinated notes \| item	2	2
Current Principal Balance	$ 174,165
Carrying Value	$ 173,428	$ 173,397
Subordinated notes due 2032
Subordinated Debt
Current Interest Rate	3.50%
Current Principal Balance	$ 150,000
Carrying Value	$ 148,178	148,058
Subordinated notes due 2032 \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Subordinated Debt
Current Interest Rate	2.04%
Subordinated notes due 2030
Subordinated Debt
Current Interest Rate	6%
Current Principal Balance	$ 24,165
Carrying Value	$ 25,250	$ 25,339
Subordinated notes due 2030 \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Subordinated Debt
Current Interest Rate	5.90%

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
INCOME TAXES (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
INCOME TAXES
Income tax (benefit) expense	$ (421)	$ (300)	$ (1,331)	$ 1,900
Effective income tax rate			(52.30%)	(0.94%)
Combined federal and state statutory rates			28.20%
Valuation allowance	0		$ 0
Deferred tax assets	$ 36,500		$ 36,500		$ 29,100

SHAREHOLDERS' EQUITY (Details)

SHAREHOLDERS' EQUITY (Details) - USD ($) $ in Thousands	6 Months Ended
SHAREHOLDERS' EQUITY (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Subsidiary Sale Of Stock [Line Items]
Cash and cash equivalents	$ 1,421,486	$ 1,326,629
FFI
Subsidiary Sale Of Stock [Line Items]
Dividend payment restrictions (as a percent)	50%
Cash and cash equivalents	$ 4,500	$ 15,300

EARNINGS PER SHARE - Summary of

EARNINGS PER SHARE - Summary of Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
EARNINGS PER SHARE
Net income (loss), Basic	$ 3,085	$ (212,288)	$ 3,878	$ (203,792)
Net income (loss), Diluted	$ 3,085	$ (212,288)	$ 3,878	$ (203,792)
Weighted average basic common shares outstanding	56,523,640	56,430,813	56,504,148	56,403,891
Dilutive effect of options, restricted stock and contingent shares issuable	8,825		11,696
Diluted common shares outstanding	56,532,465	56,430,813	56,515,844	56,403,891
Net income (loss) per share, Basic	$ 0.05	$ (3.76)	$ 0.07	$ (3.61)
Net income (loss) per share, Diluted	$ 0.05	$ (3.76)	$ 0.07	$ (3.61)

EARNINGS PER SHARE - Anti-dilut

EARNINGS PER SHARE - Anti-dilutive (Details) - shares	3 Months Ended		6 Months Ended
EARNINGS PER SHARE - Anti-dilutive (Details) - shares	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
EARNINGS PER SHARE
Anti-dilutive securities excluded from computation of earnings per share	0	25,550	0	25,550

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - segment	3 Months Ended		6 Months Ended
SEGMENT REPORTING (Details) - segment	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
SEGMENT REPORTING
Reportable business segments	2	2	2	2

SEGMENT REPORTING - Summary of

SEGMENT REPORTING - Summary of Key Operating Results of Business Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information
Interest income	$ 150,914	$ 145,328	$ 301,367	$ 282,328
Interest expense	107,085	96,344	219,152	174,589
Net interest income	43,829	48,984	82,215	107,739
Provision (reversal) for credit losses	(806)	887	(229)	1,304
Noninterest income	13,658	12,079	26,341	23,777
Goodwill impairment		215,252		215,252
Compensation and benefits	19,095	21,026	38,502	46,312
Customer service costs	16,104	19,004	26,842	35,719
Professional services and marketing costs	3,667	3,642	7,057	7,937
Other	16,763	13,840	33,837	26,884
Income (loss) before income taxes	2,664	(212,588)	2,547	(201,892)
Income tax expense (benefit)	(421)	(300)	(1,331)	1,900
Net income (loss)	3,085	(212,288)	3,878	(203,792)
Operating Segments \| Banking
Segment Reporting Information
Interest income	150,914	145,328	301,367	282,328
Interest expense	105,380	94,539	215,742	170,988
Net interest income	45,534	50,789	85,625	111,340
Provision (reversal) for credit losses	(806)	887	(229)	1,304
Noninterest income	6,241	5,067	11,924	9,868
Goodwill impairment		215,252		215,252
Compensation and benefits	14,821	16,685	29,993	36,945
Customer service costs	16,104	19,004	26,842	35,719
Professional services and marketing costs	2,656	2,086	5,188	4,750
Other	15,720	12,925	31,818	24,931
Income (loss) before income taxes	3,280	(210,983)	3,937	(197,693)
Income tax expense (benefit)	(255)	134	(966)	3,081
Net income (loss)	3,535	(211,117)	4,903	(200,774)
Operating Segments \| Wealth Management
Segment Reporting Information
Noninterest income	7,790	7,415	15,139	14,706
Compensation and benefits	4,079	4,058	8,174	8,618
Professional services and marketing costs	926	912	1,827	1,716
Other	679	647	1,359	1,348
Income (loss) before income taxes	2,106	1,798	3,779	3,024
Income tax expense (benefit)	594	529	1,081	893
Net income (loss)	1,512	1,269	2,698	2,131
Other
Segment Reporting Information
Interest expense	1,705	1,805	3,410	3,601
Net interest income	(1,705)	(1,805)	(3,410)	(3,601)
Noninterest income	(373)	(403)	(722)	(797)
Compensation and benefits	195	283	335	749
Professional services and marketing costs	85	644	42	1,471
Other	364	268	660	605
Income (loss) before income taxes	(2,722)	(3,403)	(5,169)	(7,223)
Income tax expense (benefit)	(760)	(963)	(1,446)	(2,074)
Net income (loss)	$ (1,962)	$ (2,440)	$ (3,723)	$ (5,149)

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Millions	Jul. 08, 2024	Jun. 30, 2024	Dec. 31, 2023
Subsequent Events
Common stock, par value		$ 0.01	$ 0.01
Subsequent Event \| July 2024 Capital Raise
Subsequent Events
Amount of capital raise	$ 228
Class of warrant or right, term	7 years
Subsequent Event \| July 2024 Capital Raise \| Series A noncumulative convertible preferred stock
Subsequent Events
New shares issued	29,811
Preferred stock par or stated value per share	$ 0.001
Subsequent Event \| July 2024 Capital Raise \| Series B noncumulative convertible preferred stock
Subsequent Events
New shares issued	14,490
Preferred stock par or stated value per share	$ 0.001
Subsequent Event \| July 2024 Capital Raise \| Series C non-voting common stock
Subsequent Events
Preferred stock par or stated value per share	$ 0.001
Subsequent Event \| July 2024 Capital Raise \| Common Stock
Subsequent Events
New shares issued	11,308,676
Common stock, par value	$ 0.001