Metropolitan Bank Holding (MCB) 10-K 28 Feb 23 2022 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Feb. 23, 2023	Jun. 30, 2022
Document And Entity Information (Abstract)
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2022
Entity Registrant Name	METROPOLITAN BANK HOLDING CORP.
Entity File Number	001-38282
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	13-4042724
Entity Address, Address Line One	99 Park Avenue
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10016
City Area Code	212
Local Phone Number	659-0600
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	MCB
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 709.9
Entity Common Stock, Shares Outstanding		10,961,091
Entity Central Index Key	0001476034
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
Auditor Name	Crowe LLP
Auditor Firm ID	173
Auditor Location	New York, New York

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 26,780	$ 28,864
Overnight deposits	230,638	2,330,486
Total cash and cash equivalents	257,418	2,359,350
Investment securities available for sale, at fair value	445,747	566,624
Investment securities held to maturity (estimated fair value of $437.3 million and $380.1 million at December 31, 2022 and 2021, respectively)	510,425	382,099
Equity investment securities, at fair value	2,048	2,273
Total securities	958,220	950,996
Other investments	22,110	11,998
Loans, net of deferred fees and costs	4,840,523	3,731,929
Allowance for loan losses	(44,876)	(34,729)
Net loans	4,795,647	3,697,200
Receivable from global payments business, net	85,605	39,864
Other assets	148,337	56,950
Total assets	6,267,337	7,116,358
Deposits
Noninterest-bearing demand deposits	2,422,151	3,668,673
Interest-bearing deposits	2,855,761	2,766,899
Total deposits	5,277,912	6,435,572
Federal funds purchased	150,000
Federal Home Loan Bank of New York advances	100,000
Trust preferred securities	20,620	20,620
Subordinated debt, net of issuance cost		24,712
Secured borrowings	7,725	32,461
Prepaid third-party debit cardholder balances	10,579	8,847
Other liabilities	124,604	37,157
Total liabilities	5,691,440	6,559,369
Stockholders' equity:
Common stock, $0.01 par value, 25,000,000 shares authorized, 10,949,965 and 10,920,569 shares issued and outstanding at December 31, 2022 and 2021, respectively	109	109
Additional paid in capital	389,276	382,999
Retained earnings	240,810	181,385
Accumulated other comprehensive income (loss), net of tax	(54,298)	(7,504)
Total stockholders' equity	575,897	556,989
Total liabilities and stockholders' equity	$ 6,267,337	$ 7,116,358

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
Securities held to maturity	$ 437.3	$ 380.1
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	10,949,965	10,920,569
Common stock, shares outstanding	10,949,965	10,920,569

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest and dividend income
Loans, including fees	$ 231,851	$ 164,528	$ 136,497
Securities
Taxable	15,432	5,649	3,208
Tax-exempt	203	189
Money market funds			34
Overnight deposits	12,314	2,310	2,546
Other interest and dividends	939	608	812
Total interest income	260,739	173,284	143,097
Interest expense
Deposits	29,284	14,241	14,244
Borrowed funds	893		1,742
Trust preferred securities	799	424	572
Subordinated debt	605	1,618	1,618
Total interest expense	31,581	16,283	18,176
Net interest income	229,158	157,001	124,921
Provision for loan losses	10,116	3,816	9,488
Net interest income after provision for loan losses	219,042	153,185	115,433
Non-interest income
Non-interest income	26,851	23,150	13,669
Other income	1,505	2,497	4,811
Total non-interest income	26,593	23,697	17,003
Non-interest expense
Compensation and benefits	57,290	45,908	39,797
Bank premises and equipment	8,855	8,055	8,340
Professional fees	14,423	6,750	4,122
Technology costs	4,713	5,201	3,387
Licensing fees	10,477	8,606	9,653
FDIC assessments	4,625	3,852	2,041
Regulatory settlement reserve	35,000
Other expenses	13,354	8,940	7,178
Total non-interest expense	148,737	87,312	74,518
Net income before income tax expense	96,898	89,570	57,918
Income tax (expense) benefit	37,473	29,015	18,452
Net income	$ 59,425	$ 60,555	$ 39,466
Earnings per common share
Basic earnings (loss) per common share (in dollars per share)	$ 5.42	$ 6.64	$ 4.76
Diluted earnings (loss) per common share (in dollars per share)	$ 5.29	$ 6.45	$ 4.66
Service charges on deposit accounts
Non-interest income
Non-interest income	$ 5,747	$ 4,755	$ 3,728
Revenue, Product and Service [Extensible List]	Service charges on deposit accounts	Service charges on deposit accounts	Service charges on deposit accounts
Global payments revenue
Non-interest income
Non-interest income	$ 19,341	$ 16,445	$ 8,464
Revenue, Product and Service [Extensible List]	Global payments revenue	Global payments revenue	Global payments revenue
Other service charges and fees
Non-interest income
Non-interest income	$ 1,763	$ 1,950	$ 1,477

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net Income	$ 59,425	$ 60,555	$ 39,466
Other comprehensive income:
Unrealized gain (loss) arising during the period	(76,934)	(14,722)	4,877
Reclassification adjustment for gains included in net income		(609)	(3,286)
Tax effect	23,353	4,795	(514)
Net of tax	(53,581)	(10,536)	1,077
Cash flow hedges:
Unrealized gain (loss) arising during the period	11,704	2,957	(1,925)
Reclassification adjustment for gains included in net income	(1,949)
Tax effect	(2,968)	(898)	614
Net of tax	6,787	2,059	(1,311)
Total other comprehensive income (loss)	(46,794)	(8,477)	(234)
Comprehensive Income (Loss)	$ 12,631	$ 52,078	$ 39,232

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Class B Preferred Stock Preferred Stock	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	AOCI (Loss), Net	Total
Balance at Dec. 31, 2019	$ 3		$ 82	$ 216,468	$ 81,364	$ 1,207	$ 299,124
Balance (in shares) at Dec. 31, 2019	272,636		8,312,918
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net issuance of common stock under stock compensation plans (in shares)			(3,298)
Employee and non-employee stock-based compensation				3,312			3,312
Redemption of common stock for exercise of stock options and tax withholdings for restricted stock vesting				(881)			(881)
Redemption of common stock for exercise of stock options and tax withholdings for restricted stock vesting (in shares)			(14,348)
Net Income					39,466		39,466
Other comprehensive income (loss)						(234)	(234)
Balance at Dec. 31, 2020	$ 3		$ 82	218,899	120,830	973	340,787
Balance (in shares) at Dec. 31, 2020	272,636		8,295,272
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net issuance of common stock under stock compensation plans			$ 1				1
Net issuance of common stock under stock compensation plans (in shares)			101,291
Issuance of Common Stock, net of issuance costs			$ 23	162,664			162,687
Issuance of Common Stock, net of issuance costs (in shares)			2,300,000
Preferred Stock converted to Common Stock	$ (3)	$ 3
Preferred Stock converted to Common Stock (in shares)	(272,636)	272,636
Employee and non-employee stock-based compensation				4,821			4,821
Redemption of common stock for exercise of stock options and tax withholdings for restricted stock vesting				(3,385)			(3,385)
Redemption of common stock for exercise of stock options and tax withholdings for restricted stock vesting (in shares)			(48,630)
Net Income					60,555		60,555
Other comprehensive income (loss)						(8,477)	(8,477)
Balance at Dec. 31, 2021			$ 109	382,999	181,385	(7,504)	556,989
Balance (in shares) at Dec. 31, 2021			10,920,569
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net issuance of common stock under stock compensation plans (in shares)			48,479
Employee and non-employee stock-based compensation				7,836			7,836
Redemption of common stock for exercise of stock options and tax withholdings for restricted stock vesting				(1,559)			(1,559)
Redemption of common stock for exercise of stock options and tax withholdings for restricted stock vesting (in shares)			(19,083)
Net Income					59,425		59,425
Other comprehensive income (loss)						(46,794)	(46,794)
Balance at Dec. 31, 2022			$ 109	$ 389,276	$ 240,810	$ (54,298)	$ 575,897
Balance (in shares) at Dec. 31, 2022			10,949,965

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities
Net income	$ 59,425	$ 60,555	$ 39,466
Adjustments to reconcile net income to net cash:
Net depreciation amortization and accretion	4,338	5,063	4,603
Provision for loan losses	10,116	3,816	9,488
Stock-based compensation	7,836	4,821	3,312
Net change in deferred loan fees	5,374	2,332	296
Deferred income tax (benefit) expense	(4,000)	(120)	290
(Gain) loss on sale of securities		(609)	(3,286)
(Gain) loss on sale of loans			190
Dividends earned on CRA fund	(33)	(22)	(41)
Unrealized (gain) loss on equity securities	258	62	(48)
Net change in:
Receivable from global payments, net	(45,741)	(12,605)	(15,678)
Third-party debit cardholder balances	1,732	(6,983)	16,227
Other assets	3,407	6,167	(5,121)
Other liabilities	43,179	(25,200)	37,572
Net cash provided by (used in) operating activities	85,891	37,277	87,270
Cash flows from investing activities
Loan originations, purchases and payments, net	(1,113,963)	(618,323)	(476,419)
Proceeds from loans sold		16,622	11,476
Redemptions of other investments	20,030	7	10,980
Purchases of other investments	(30,142)	(407)	(1,140)
Purchase of securities available-for-sale	(33,776)	(484,793)	(234,366)
Purchase of securities held-for-investment	(173,625)	(383,619)
Proceeds from sales and calls of securities available-for-sale		43,241	141,422
Proceeds from paydowns of securities available-for-sale	76,728	124,118	64,973
Proceeds from paydowns of securities held-to-maturity	44,643	4,152	932
Purchase of derivative contract			(2,980)
Purchase of premises and equipment, net	(19,245)	(3,995)	(3,913)
Net cash provided by (used in) investing activities	(1,229,350)	(1,302,997)	(489,035)
Cash flows from financing activities
Proceeds from issuance of common stock, net		162,687
Proceeds from issuance of Federal funds purchased	150,000
Proceeds from FHLB advances	975,100	150
Repayments of FHLB advances	(875,100)	(150)	(144,000)
Proceeds from exercise of stock options	194
Redemption of common stock for tax withholdings for restricted stock vesting	(1,559)	(3,385)	(881)
Redemption of subordinated debt	(24,712)
Proceeds from (repayments of) secured borrowings, net	(24,736)	(4,503)	(6,008)
Net increase (decrease) in deposits	(1,157,660)	2,605,966	1,027,739
Net cash provided by (used in) financing activities	(958,473)	2,760,765	876,850
Increase (decrease) in cash and cash equivalents	(2,101,932)	1,495,045	475,085
Cash and cash equivalents at the beginning of the period	2,359,350	864,305	389,220
Cash and cash equivalents at the end of the period	257,418	2,359,350	864,305
Cash paid for:
Interest	31,599	16,249	18,693
Income Taxes	$ 35,304	24,165	19,085
Non-cash item:
Transfer of loans from held-for-investment to held-for-sale		$ 17,492	$ 1,716

ORGANIZATION

ORGANIZATION	12 Months Ended
	Dec. 31, 2022
ORGANIZATION
ORGANIZATION	NOTE 1 — ORGANIZATION Metropolitan Bank Holding Corp., a New York corporation (the “Company”), is a bank holding company whose principal activity is the ownership and management of Metropolitan Commercial Bank (the “Bank”), its wholly-owned subsidiary. The Company’s primary market is the New York metropolitan area. The Company provides a broad range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities and affluent individuals. See the “ Glossary of Common Terms and Acronyms The Company’s primary lending products are CRE loans, C&I loans, and multi-family loans. Substantially all loans are secured by specific items of collateral including business assets, consumer assets, and commercial and residential real estate. Commercial loans are expected to be repaid from cash flows from operations of businesses. The Company’s primary deposit products are checking, savings, and term deposit accounts, and its deposit accounts are insured by the FDIC up to the maximum amounts allowed by law. In addition to traditional commercial banking products, the Company offers corporate cash management and retail banking services and, through its Global Payments Group (“global payments business”), provides BaaS to its fintech partners, which includes serving as an issuing bank for third-party managed debit card programs nationwide and providing other services and financial infrastructure, including cash settlement and custodian deposit services. The Company and the Bank are subject to the regulations of certain state and federal agencies and, accordingly, are periodically examined by those regulatory authorities. The Company’s business is affected by state and federal legislation and regulations.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 2022
BASIS OF PRESENTATION
BASIS OF PRESENTATION	NOTE 2 — BASIS OF PRESENTATION The accounting and reporting policies of the Company conform with GAAP and predominant practices within the U.S. banking industry. The Consolidated Financial Statements (the “financial statements”) include the accounts of the Company and the Bank. All intercompany balances and transactions have been eliminated. The financial statements reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the periods presented. A summary of the Company’s significant accounting policies consistently applied in the preparation of the accompanying financial statements follows. Use of Estimates In preparing the financial statements in conformity with GAAP, management has made estimates and assumptions based on available information. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reported periods. Actual results could differ from those estimated. Information available which could affect these judgments include, but are not limited to, changes in interest rates, changes in the performance of the economy, and changes in the financial condition of borrowers. Cash Flows Cash and cash equivalents are defined as cash on hand and amounts due from banks and money market funds. Net cash flows are reported for customer loan and deposit transactions, and other investments. ​ Securities Debt securities are classified as HTM and carried at amortized cost when management has the positive intent and ability to hold them to maturity. Debt securities are classified as AFS when they might be sold before maturity. Securities classified as AFS are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income, net of tax. Equity securities with readily determinable fair values are carried at fair value, with changes in fair value reported in net income. Interest income includes amortization of purchase premiums or discounts. Premiums and discounts on securities are amortized using the level yield method without anticipating prepayments, except for MBS where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Gains and losses on sales of securities are recognized in the consolidated statements of operations upon sale. Management evaluates AFS and HTM securities for OTTI on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: (1) OTTI related to credit loss, which must be recognized in the statement of operations and (2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. Receivable from Global Payments Business, Net Receivables from the global payments business are predominantly related to prepaid credit card programs. Revenue Recognition Any revenues from contracts with customers, which are not exempt from the accounting requirements under ASC 606, Revenue from Contracts with Customers, are accounted for using the five-step method prescribed by the ASC. These revenue items are debit card income, service charges on deposit accounts and other service charges. In accordance with the ASC, revenue is recognized when a customer obtains control of promised services. The amount of revenue recognized reflects the consideration which the Company expects to be entitled to receive in exchange for these services. The Company applies the following five steps to properly recognize revenue: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The majority of the Company’s revenue is derived from interest income on loans, which is not subject to the ASC. Licensing Fees Licensing fees on certain deposit accounts held by bankruptcy trustees are expensed as incurred. These accounts require the use of a software interface provided by a third party. Bankruptcy accounts subject to the licensing fees amounted to $425.3 million and $934.3 million at December 31, 2022 and 2021, respectively. ​ ​ Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Transfers of financial assets that do not meet the criteria to be accounted for as sales are recorded as secured borrowings. Loans and Allowance for Loan Losses Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at their outstanding principal balances, adjusted for any charge-offs, and any deferred fees or costs on originated loans. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments. The ALLL is maintained at an amount management deems adequate to cover probable incurred credit losses. In determining the level to be maintained, management evaluates many factors, including current economic trends, industry experience, historical loss experience, loan concentrations, the borrower’s ability to repay and repayment performance and estimated collateral values. Loan losses are charged-off against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the ALLL. A loan is considered to be impaired when it is probable that the Company will be unable to collect all principal and interest amounts according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. If a loan is impaired, impairment is measured at the present value of estimated future cash flows using the loan’s effective interest rate or at the fair value of collateral if repayment is expected solely from the collateral. All commercial and CRE loans are individually evaluated for credit risk at least annually, and all classified loans are individually evaluated for impairment quarterly. Large groups of smaller balance homogenous loans such as residential real estate loans are collectively evaluated for impairment, and accordingly, are not separately evaluated for impairment disclosures unless an individual loan is classified. The allowance for non-impaired loans is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over a rolling two-year period. This actual loss experience is supplemented with other qualitative and economic factors based on the risks present for each portfolio segment. These qualitative and economic factors include economic and business conditions, the nature and volume of the portfolio, and lending terms and volume and severity of past due loans. While management uses available information to recognize losses on loans, future additions to the allowance may be necessary, based on changes in economic conditions or any other factors used in management’s determination. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the Company’s ALLL. When a loan is modified and concessions have been made to the original contractual terms, such as reductions in interest rate or deferral of interest or principal payments, due to the borrower’s financial condition, the modification is known as a TDR. TDRs are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a TDR is a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For TDRs that subsequently default, the Company determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses. On March 22, 2020, the banking regulators and the FASB issued guidance to financial institutions who were working with borrowers affected by COVID-19 (the “COVID-19 Guidance”). The COVID-19 Guidance indicated that regulatory agencies will not criticize institutions for working with borrowers and will not direct banks to automatically categorize all COVID-19 related loan modifications as TDRs. In addition, the COVID-19 Guidance noted that modification or deferral programs mandated by the federal or a state government related to COVID-19 would not be in the scope of Accounting Standards Codification Subtopic 310-40 – Receivables – Troubled Debt Restructurings by Creditors (“ASC 310-40”), such as state programs that require all institutions within that state to suspend mortgage payments for a specified period. On March 27, 2020, the CARES Act was signed into law. Section 4013 of the CARES Act, “Temporary Relief from Troubled Debt Restructurings,” allowed banks to temporarily suspend certain requirements under GAAP related to TDRs for a limited period that ended on January 1, 2022. During this period, a bank may have elected to account for modifications on certain loans under Section 4013 of the CARES Act or, if a loan modification is not eligible under Section 4013, a bank may use the criteria in the COVID-19 Guidance to determine when a loan modification is not a TDR in accordance with ASC 310-40. Interest income on loans is accrued and credited to operations based upon the principal amounts outstanding. Loans are normally placed on non-accrual when a loan is determined to be impaired or when principal or interest is delinquent for 90 days or more. Delinquent status is based on the contractual terms of the loan. Any unpaid interest previously accrued on those loans is reversed from income. Interest payments received on such loans are applied as a reduction of the loan principal balance when the collectability of principal, wholly or partially, is in doubt. Interest payments received may be deferred on non-accrual loans in which the principal balance is deemed to be collectible. Interest income is recognized when all the principal and interest amounts contractually due are brought current and the loans are returned to accrual status. The following portfolio segments have been identified: CRE loans, Construction loans, Multi-Family loans, One-to Four -Family loans, C&I, and Consumer loans. The risk characteristics of each of the identified portfolio segments are as follows: Commercial Real Estate —  Construction —  construction phase, a number of factors could result in delays and cost overruns. If the estimate of construction costs proves to be inaccurate, additional funds may be required to be advanced in excess of the amount originally committed to permit completion of the building. If the estimate of value proves to be inaccurate, the value of the building may be insufficient to assure full repayment if liquidation is required. If foreclosure is required on a building before or at completion due to a default, there can be no assurance that all of the unpaid balance of, and accrued interest on, the loan as well as related foreclosure and holding costs will be recovered. Multi-family —  One-to Four-Family —  Commercial & Industrial —  Consumer —  Goodwill Goodwill and certain other intangibles generally arise from business combinations accounted for under the purchase method of accounting. Goodwill and other intangibles deemed to have indefinite lives generated from business combinations are not subject to amortization and are instead tested for impairment not less than annually or more frequently if events and circumstances exist that indicate that a goodwill impairment test should be performed. The Company changed its annual goodwill impairment testing date from December 31 to October 1 to better align with the timing of our annual planning process. Accordingly, management determined that the change in accounting principle is preferable under the circumstance. This change has been applied starting with the October 1, 2022 impairment test. This change was not material to our consolidated financial statements as it did not delay, accelerate, or avoid any potential goodwill impairment charges. The goodwill of $9.7 million is associated with a purchase of the prepaid third-party debit card business. Based on the Company’s annual impairment assessments no impairment of goodwill existed as of October 1, 2022 or December 31, 2021. Stock-Based Compensation Compensation cost is recognized for stock options, restricted stock awards and restricted stock units, based on the fair value of these awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of options. The market price of the Company’s common stock at the date of grant is used for restricted stock awards and restricted stock units. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with time-based vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. The Company also awards PRSUs to employees. The PRSUs are classified as either equity or a liability, depending on certain criteria provided in ASC 718, Stock Based Compensation. This classification affects whether the measurement of fair value is fixed (i.e., measured only once) on the grant date or whether fair value will be remeasured each reporting period until settled. On the grant date, the estimate of equity-classified awards’ fair value would be fixed, the cumulative amount of previously recognized compensation cost would be adjusted, and the Company would no longer have to remeasure the award. If the award is liability-classified, the awards would continue to be marked to fair value each reporting period until settlement. The Company recognizes compensation cost for awards with performance conditions if and when it concludes that it is probable that the performance conditions will be achieved. The Company assesses the probability of vesting (i.e., that the performance conditions will be met) at each reporting period and, if required, adjusts compensation cost based on its probability assessment. Concentrations of Credit Risk Financial instruments, which potentially subject the Company to concentration of credit risk, consist primarily of temporary cash investments including due from banks, interest-bearing deposits with banks and real estate loans receivable. A significant portion of real estate loans are collateralized by property in the New York Metropolitan area. The ultimate collectability of these loans may be susceptible to changes in the real estate market in this area. Leases As of December 31, 2022, the Company follows ASC 842, Leases. The Company’s real estate leases are recognized as operating leases. The related ROU lease assets and liabilities are recognized to reflect our right to use the underlying assets and contractual obligations associated with future rent payments. ROU assets are included in other assets and lease liabilities are included in other liabilities on the consolidated statements of financial condition. Operating lease expense for lease payments is recognized on a straight-line basis over the lease term. On a periodic basis, ROU assets are assessed for impairment and an impairment loss would be recognized if the carrying amount of the ROU asset is not recoverable. See “NOTE 3 — SUMMARY OF RECENT ACCOUNTING PRONOUNCEMENTS, Prior to 2022, operating leases were not recognized on the Company’s consolidated statements of financial condition. Operating lease expense for lease payments were recognized on a straight-line basis over the lease term in the Company’s consolidated statements of operations. Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is computed over the estimated useful lives of the assets by the straight-line method with useful lives ranging from three Other Investments Other investments include FRB and FHLB stock. The Company is a member of the FRB and the FHLB system. FHLB members are required to own membership stock and purchase activity-based stock that is based on the level of outstanding borrowings. FRB and FHLB stock are carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. The Company held FRB and FHLB stock of $11.4 million and $9.2 million, respectively, as of December 31, 2022. As of December 31, 2021, the Company held FRB and FHLB stock of $7.4 million and $3.1 million, respectively. Other investments also include a $1.0 million investment in The Disability Opportunity Fund, which is an equity equivalent investment in a community development financial institution. Derivatives During 2020, the Company entered into an interest rate cap derivative that, based on the Company’s intentions and belief as to the likely effectiveness as a hedge, was designated as a cash flow hedge. A cash flow hedge is a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. For a cash flow hedge, the gain or loss on the derivative is reported in accumulated other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. Changes in the fair value of the derivative that are not highly effective in hedging the changes in expected cash flows of the hedged item are recognized immediately in current earnings. The amounts are reclassified to earnings in the same income statement line item that is used to present the earnings effect of the hedged item when the hedged item affects earnings. The Company formally documents the relationship between derivatives and hedged items, as well as the risk management objective and the strategy for undertaking hedged transactions at the inception of the hedging relationship. The documentation includes linking the cash flow hedges to specific assets and liabilities on the balance sheet or to specific forecasted transactions or group of forecasted transactions. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, or treatment of the derivative as a hedge is no longer appropriate or intended. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were in accumulated other comprehensive income are amortized into earnings over the same periods in which the hedged transactions will affect earnings. If the forecasted transaction is deemed probable to not occur, the derivative gain or loss reported in accumulated other comprehensive income is reclassified into current earnings. Comprehensive Income Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses and reclassification to earnings related to AFS securities and unrealized gain (loss) related to the cash flow hedges. Restrictions on Cash Cash on hand or on deposit with the FRB to meet regulatory reserve and clearing requirements was $226.7 million and $2.3 billion as of December 31, 2022 and 2021, respectively. Also included in cash was $13.3 million and $10.8 million of cash held in escrow and collateral accounts for third-party debit card program managers at December 31, 2022 and 2021, respectively. Additionally, there was $693,000 and $683,000 of cash pledged for a related collateral account at December 31, 2022 and 2021, respectively. Earnings per Common Share Basic earnings per common share is computed by dividing net income available to common stockholders by the weighted average number of shares outstanding during the applicable period, including outstanding participating securities. Diluted earnings per common share is computed using the weighted average number shares determined for the basic computation plus the dilutive effect of potential common shares issuable under certain stock compensation plans. Unvested share-based awards and preferred shares that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and are included in the computation of earnings per share pursuant to the two-class method. Income Taxes Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities as measured by the enacted tax rates which will be in effect when these differences reverse. A valuation allowance is recorded, as necessary, to reduce deferred tax assets to an estimated amount expected to be realized. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. Loan Commitments and Related Financial Instruments Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. Fair Value of Financial Instruments Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in a separate note. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of liquid markets for certain items. Changes in assumptions or in market conditions could significantly affect the estimates. Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Reclassifications Some items in the prior year financial statements may have been reclassified to conform to the current presentation. Reclassification had no effect on prior year net income or stockholders’ equity. Operating segment While department heads monitor the revenue streams of the various products and services, operations are managed and financial performance is evaluated on a Company-wide basis. Accordingly, all of the financial service operations are considered by management to be aggregated in one reportable operating segment.

SUMMARY OF RECENT ACCOUNTING PR

SUMMARY OF RECENT ACCOUNTING PRONOUNCEMENTS	12 Months Ended
	Dec. 31, 2022
SUMMARY OF RECENT ACCOUNTING PRONOUNCEMENTS
SUMMARY OF RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 3 — SUMMARY OF RECENT ACCOUNTING PRONOUNCEMENTS Pursuant to the JOBS Act, an EGC is provided the option to adopt new or revised accounting standards that may be issued by the FASB or the SEC either (i) within the same periods as those otherwise applicable to non-EGCs or (ii) within the same time periods as private companies. The Company’s EGC status ended on December 31, 2022, which was the last day of the fiscal year of the Company following the fifth anniversary of the date of the first sale of common equity securities of the Company pursuant to an effective registration statement under the Securities Act of 1933. In February 2016, the FASB issued ASU 2016-02, Leases (ASC 842), which requires lessees to recognize a lease liability for the obligation to make lease payments and a corresponding ROU asset representing the right to use the underlying asset for the lease term on the balance sheet. The Company adopted this guidance on December 31, 2022 with an effective date of January 1, 2022. This guidance was adopted using a modified retrospective approach. The Company recorded lease assets and liabilities of $44.3 million and $48.4 million, respectively. In accordance with the guidance, $4.1 million of deferred rent was reclassified from liabilities and netted with the ROU asset. There was no cumulative effect adjustment recorded to retained earnings upon adoption. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (ASC 326), which requires the measurement of all expected credit losses for financial assets held at amortized cost to be based on historical experience, current condition, and reasonable and supportable forecasts. ASU 2016-2013 requires that financial institutions and other organizations will use forward-looking information to better inform their credit loss estimates. This guidance also amends the accounting for credit losses on AFS debt securities and purchased financial assets with credit deterioration. The Company adopted this guidance effective January 1, 2023 using a modified retrospective approach and will record a pre-tax cumulative will increase In March 2022, the FASB issued ASU 2022-02, Financial Instruments - In January 2017, the FASB issued ASU 2017-04, Intangibles - determine the implied fair value of the reporting unit’s goodwill. Instead, an entity should recognize an impairment loss if the carrying value of the net assets assigned to the reporting unit exceeds the fair value of the reporting unit, with the impairment loss not to exceed the amount of goodwill allocated to the reporting unit. The Company adopted the standard beginning January 1, 2021, which did not have a material impact on its consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (ASC 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in this ASU apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The amendments in this ASU were effective for all entities as of March 12, 2020 through December 31, 2022. An entity may elect to apply the amendments for contract modifications at the instrument level as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020, or prospectively from a date within an interim period that includes or is subsequent to March 12, 2020, up to the date that the financial statements are available to be issued. In January 2021 the FASB issued ASU 2021-01. The amendments in this ASU clarify that certain optional expedients and exceptions in ASC 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. Specifically, certain provisions in ASC 848, if elected by an entity, apply to derivative instruments that use an interest rate for margining, discounting, or contract price alignment that is modified as a result of reference rate reform. In December 2022, the FASB issued ASU 2020-04, Reference Rate Reform (ASC 848): Deferral of Sunset Date of Topic 848. ASU 2020-04 defers the sunset date of ASC 848 from December 31, 2022, to December 31, 2024 because the current relief in ASC 848 did not cover the current June 30, 2023 intended cessation date for the overnight 1-, 3-, 6-, and 12-month tenors of USD LIBOR. Management has established a working group to evaluate the impact of the transition from LIBOR on the Company and its consolidated financial statements. The working group has developed an inventory of impacted contracts and client relationships and is in the process of assessing LIBOR alternatives and how such alternatives may be implemented.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2022
INVESTMENT SECURITIES
INVESTMENT SECURITIES	NOTE 4 —  SECURITIES The following tables summarizes the amortized cost and fair value of AFS and HTM debt securities and equity investments and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and gross unrecognized gains and losses recognized in earnings (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ ​ ​ ​ Unrealized/ ​ Unrealized/ ​ ​ ​ ​ ​ Amortized ​ Unrecognized ​ Unrecognized ​ ​ ​ At December 31, 2022 Cost Gains Losses Fair Value Available-for-Sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agency securities ​ $ 67,996 ​ $ — ​ $ (8,624) ​ $ 59,372 U.S. State and Municipal securities ​ ​ 11,649 ​ ​ — ​ ​ (2,437) ​ ​ 9,212 Residential MBS ​ ​ 413,998 ​ ​ 279 ​ ​ (75,729) ​ ​ 338,548 Commercial MBS ​ ​ 37,069 ​ ​ 10 ​ ​ (2,229) ​ ​ 34,850 Asset-backed securities ​ ​ 3,953 ​ ​ — ​ ​ (188) ​ ​ 3,765 Total securities available-for-sale ​ $ 534,665 ​ $ 289 ​ $ (89,207) ​ $ 445,747 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held-to-Maturity Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 29,852 ​ $ — ​ $ (2,223) ​ $ 27,629 U.S. State and Municipal securities ​ ​ 15,814 ​ ​ — ​ ​ (2,609) ​ ​ 13,205 Residential MBS ​ ​ 456,648 ​ ​ — ​ ​ (67,027) ​ ​ 389,621 Commercial MBS ​ ​ 8,111 ​ ​ — ​ ​ (1,276) ​ ​ 6,835 Total securities held-to-maturity ​ $ 510,425 ​ $ — ​ $ (73,135) ​ $ 437,290 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity Investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CRA Mutual Fund ​ $ 2,358 ​ $ — ​ $ (310) ​ $ 2,048 Total equity investment securities ​ $ 2,358 ​ $ — ​ $ (310) ​ $ 2,048 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ ​ ​ ​ Unrealized/ ​ Unrealized/ ​ ​ ​ ​ ​ Amortized ​ Unrecognized ​ Unrecognized ​ ​ ​ At December 31, 2021 Cost Gains Losses Fair Value Available-for-Sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agency securities ​ $ 67,994 ​ $ — ​ $ (1,660) ​ $ 66,334 U.S. State and Municipal securities ​ ​ 11,799 ​ ​ — ​ ​ (300) ​ ​ 11,499 Residential MBS ​ ​ 476,393 ​ ​ 623 ​ ​ (10,465) ​ ​ 466,551 Commercial MBS ​ ​ 17,787 ​ ​ 219 ​ ​ (379) ​ ​ 17,627 Asset-backed securities ​ ​ 4,635 ​ ​ — ​ ​ (22) ​ ​ 4,613 Total securities available-for-sale ​ $ 578,608 ​ $ 842 ​ $ (12,826) ​ $ 566,624 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held-to-Maturity Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 29,811 ​ $ 6 ​ $ (43) ​ $ 29,774 U.S. State and Municipal securities ​ ​ 16,055 ​ ​ 299 ​ ​ — ​ ​ 16,354 Residential MBS ​ ​ 328,095 ​ ​ 105 ​ ​ (2,259) ​ ​ 325,941 Commercial MBS ​ ​ 8,138 ​ ​ — ​ ​ (99) ​ ​ 8,039 Total securities held-to-maturity ​ $ 382,099 ​ $ 410 ​ $ (2,401) ​ $ 380,108 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity Investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CRA Mutual Fund ​ $ 2,326 ​ $ — ​ $ (53) ​ $ 2,273 Total equity investment securities ​ $ 2,326 ​ $ — ​ $ (53) ​ $ 2,273 ​ ​ The following table summarizes the proceeds and associated gains and (losses) from sales and calls of securities (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, ​ 2022 2021 ​ 2020 Proceeds ​ $ — ​ $ 43,241 ​ $ 141,422 Gross gains ​ $ — ​ $ 609 ​ $ 3,286 Tax impact ​ $ — ​ $ (197) ​ $ (1,036) ​ The tables below summarize, by contractual maturity, the amortized cost and fair value of debt securities. The tables do not include the effect of principal repayments or scheduled principal amortization. Equity securities, primarily investment in mutual funds, have been excluded from the table. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held-to-Maturity ​ Available-for-Sale At December 31, 2022 Amortized Cost Fair Value Amortized Cost Fair Value Due within 1 year ​ $ — ​ $ — ​ $ — ​ $ — After 1 year through 5 years ​ ​ 29,852 ​ ​ 27,630 ​ ​ 54,736 ​ ​ 48,959 After 5 years through 10 years ​ ​ 9,505 ​ ​ 8,130 ​ ​ 36,043 ​ ​ 32,872 After 10 years ​ ​ 471,068 ​ ​ 401,530 ​ ​ 443,886 ​ ​ 363,916 Total Securities ​ $ 510,425 ​ $ 437,290 ​ $ 534,665 ​ $ 445,747 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held-to-Maturity ​ Available-for-Sale At December 31, 2021 Amortized Cost Fair Value Amortized Cost Fair Value Due within 1 year ​ $ — ​ $ — ​ $ — ​ $ — After 1 year through 5 years ​ ​ 29,811 ​ ​ 29,774 ​ ​ 48,515 ​ ​ 47,370 After 5 years through 10 years ​ ​ 9,973 ​ ​ 9,912 ​ ​ 36,242 ​ ​ 36,024 After 10 years ​ ​ 342,315 ​ ​ 340,422 ​ ​ 493,851 ​ ​ 483,230 Total Securities ​ $ 382,099 ​ $ 380,108 ​ $ 578,608 ​ $ 566,624 ​ There were $25.0 million and $0.0 securities pledged to the FRBNY discount window at December 31, 2022 and 2021, respectively. At December 31, 2022 and 2021, all Residential and Commercial MBS held by the Company were issued by U.S. government-sponsored entities and agencies. Debt securities with unrealized/unrecognized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 Months ​ 12 Months or More ​ Total ​ ​ ​ ​ ​ Unrealized/ ​ ​ ​ ​ Unrealized/ ​ ​ ​ ​ Unrealized/ ​ ​ Estimated ​ Unrecognized ​ Estimated ​ Unrecognized ​ Estimated ​ Unrecognized At December 31, 2022 Fair Value Losses Fair Value Losses Fair Value Losses Available-for-Sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agency securities ​ $ — ​ $ — ​ $ 59,372 ​ $ (8,624) ​ $ 59,372 ​ $ (8,624) U.S. State and Municipal securities ​ ​ 2,546 ​ ​ (527) ​ ​ 6,666 ​ ​ (1,910) ​ ​ 9,212 ​ ​ (2,437) Residential MBS ​ ​ 19,576 ​ ​ (1,654) ​ ​ 305,936 ​ ​ (74,075) ​ ​ 325,512 ​ ​ (75,729) Commercial MBS ​ ​ 13,406 ​ ​ (198) ​ ​ 11,386 ​ ​ (2,031) ​ ​ 24,792 ​ ​ (2,229) Asset-backed securities ​ ​ — ​ ​ — ​ ​ 3,765 ​ ​ (188) ​ ​ 3,765 ​ ​ (188) Total securities available-for-sale ​ $ 35,528 ​ $ (2,379) ​ $ 387,125 ​ $ (86,828) ​ $ 422,653 ​ $ (89,207) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held-to-Maturity Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 18,683 ​ $ (1,365) ​ $ 8,946 ​ $ (858) ​ $ 27,629 ​ $ (2,223) U.S. State and Municipal securities ​ ​ 13,205 ​ ​ (2,609) ​ ​ — ​ ​ — ​ ​ 13,205 ​ ​ (2,609) Residential MBS ​ ​ 162,960 ​ ​ (19,625) ​ ​ 226,661 ​ ​ (47,402) ​ ​ 389,621 ​ ​ (67,027) Commercial MBS ​ ​ — ​ ​ — ​ ​ 6,835 ​ ​ (1,276) ​ ​ 6,835 ​ ​ (1,276) Asset-backed securities ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total securities held-to-maturity ​ $ 194,848 ​ $ (23,599) ​ $ 242,442 ​ $ (49,536) ​ $ 437,290 ​ $ (73,135) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 Months ​ 12 Months or More ​ Total ​ ​ ​ ​ ​ Unrealized/ ​ ​ ​ ​ Unrealized/ ​ ​ ​ ​ Unrealized/ ​ ​ Estimated ​ Unrecognized ​ Estimated ​ Unrecognized ​ Estimated ​ Unrecognized At December 31, 2021 Fair Value Losses Fair Value Losses Fair Value Losses Available-for-Sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agency securities ​ $ 29,267 ​ $ (730) ​ $ 37,067 ​ $ (930) ​ $ 66,334 ​ $ (1,660) U.S. State and Municipal securities ​ ​ 8,372 ​ ​ (300) ​ ​ — ​ ​ — ​ ​ 8,372 ​ ​ (300) Residential MBS ​ ​ 423,686 ​ ​ (9,727) ​ ​ 12,931 ​ ​ (738) ​ ​ 436,617 ​ ​ (10,465) Commercial MBS ​ ​ 11,202 ​ ​ (296) ​ ​ 3,511 ​ ​ (83) ​ ​ 14,713 ​ ​ (379) Asset-backed securities ​ ​ 4,613 ​ ​ (22) ​ ​ — ​ ​ — ​ ​ 4,613 ​ ​ (22) Total securities available-for-sale ​ $ 477,140 ​ $ (11,075) ​ $ 53,509 ​ $ (1,751) ​ $ 530,649 ​ $ (12,826) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held-to-Maturity Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 9,697 ​ $ (43) ​ $ — ​ $ — ​ $ 9,697 ​ $ (43) Residential MBS ​ ​ 301,896 ​ ​ (2,259) ​ ​ — ​ ​ — ​ ​ 301,896 ​ ​ (2,259) Commercial MBS ​ ​ 8,039 ​ ​ (99) ​ ​ — ​ ​ — ​ ​ 8,039 ​ ​ (99) Total securities held-to-maturity ​ $ 319,632 ​ $ (2,401) ​ $ — ​ $ — ​ $ 319,632 ​ $ (2,401) ​ The Company did not consider these securities to be OTTI at December 31, 2022 or 2021 since the decline in market value was attributable to changes in interest rates and not to changes in credit quality. In addition, the Company does not intend to sell and does not believe that it is more likely than not that it will be required to sell these investments until there is a full recovery of the unrealized loss, which may be at maturity. As a result, no impairment loss was recognized during the years ended December 31, 2022 or 2021. At December 31, 2022 and 2021, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity.

LOANS

LOANS	12 Months Ended
	Dec. 31, 2022
LOANS
LOANS	NOTE 5 — LOANS Loans, net of deferred fees and costs, consist of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, ​ 2022 ​ 2021 Real estate ​ ​ ​ ​ ​ ​ Commercial ​ $ 3,254,508 ​ $ 2,488,382 Construction ​ ​ 143,693 ​ ​ 151,791 Multi-family ​ ​ 468,540 ​ ​ 355,290 One-to four-family ​ ​ 53,207 ​ ​ 57,163 Total real estate loans ​ ​ 3,919,948 ​ ​ 3,052,626 Commercial and industrial ​ ​ 908,616 ​ ​ 654,535 Consumer ​ ​ 24,931 ​ ​ 32,366 Total loans ​ ​ 4,853,495 ​ ​ 3,739,527 Deferred fees, net of origination costs ​ ​ (12,972) ​ ​ (7,598) Loans, net of deferred fees and costs ​ ​ 4,840,523 ​ ​ 3,731,929 Allowance for loan losses ​ ​ (44,876) ​ ​ (34,729) Net loans ​ $ 4,795,647 ​ $ 3,697,200 ​ Included in C&I loans at December 31, 2022 and 2021 were $97,000 and $561,000, respectively, of PPP loans. Also included in C&I loans at December 31, 2022 and 2021 were $0.0 and $4.1 million, respectively, of loans held for sale, measured at the lower of cost or fair value. The following tables present the activity in the ALLL by segment. The portfolio segments represent the categories that the Company uses to determine its ALLL (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ ​ One-to four- ​ ​ ​ ​ ​ ​ Year ended December 31, 2022 Real Estate & Industrial Construction Multi-family Family Consumer Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 22,216 ​ $ 7,708 ​ $ 2,105 ​ $ 2,156 ​ $ 140 ​ $ 404 ​ $ 34,729 Provision (credit) for loan losses ​ ​ 7,280 ​ ​ 2,540 ​ ​ (122) ​ ​ 667 ​ ​ (35) ​ ​ (214) ​ ​ 10,116 Loans charged-off ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Recoveries ​ ​ — ​ ​ 26 ​ ​ — ​ ​ — ​ ​ — ​ ​ 5 ​ ​ 31 Total ending allowance balance ​ $ 29,496 ​ $ 10,274 ​ $ 1,983 ​ $ 2,823 ​ $ 105 ​ $ 195 ​ $ 44,876 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ ​ One-to four- ​ ​ ​ ​ ​ ​ Year ended December 31, 2021 Real Estate & Industrial Construction Multi-family Family Consumer Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 17,243 ​ $ 12,123 ​ $ 1,593 ​ $ 2,661 ​ $ 206 ​ $ 1,581 ​ $ 35,407 Provision (credit) for loan losses ​ ​ 4,973 ​ ​ 24 ​ ​ 512 ​ ​ (505) ​ ​ (66) ​ ​ (1,122) ​ ​ 3,816 Loans charged-off ​ ​ — ​ ​ (4,764) ​ ​ — ​ ​ — ​ ​ — ​ ​ (55) ​ ​ (4,819) Recoveries ​ ​ — ​ ​ 325 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 325 Total ending allowance balance ​ $ 22,216 ​ $ 7,708 ​ $ 2,105 ​ $ 2,156 ​ $ 140 ​ $ 404 ​ $ 34,729 ​ The following tables present the balance in the ALLL and the recorded investment in loans by portfolio segment based on impairment method (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ One-to four- ​ ​ ​ ​ ​ ​ At December 31, 2022 Real Estate & Industrial Construction Multi-family Family Consumer Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 24 ​ $ 24 Collectively evaluated for impairment ​ ​ 29,496 ​ ​ 10,274 ​ ​ 1,983 ​ ​ 2,823 ​ ​ 105 ​ ​ 171 ​ ​ 44,852 Total ending allowance balance ​ $ 29,496 ​ $ 10,274 ​ $ 1,983 ​ $ 2,823 ​ $ 105 ​ $ 195 ​ $ 44,876 Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 26,740 ​ $ — ​ $ — ​ $ — ​ $ 899 ​ $ 24 ​ $ 27,663 Collectively evaluated for impairment ​ ​ 3,227,768 ​ ​ 908,616 ​ ​ 143,693 ​ ​ 468,540 ​ ​ 52,308 ​ ​ 24,907 ​ ​ 4,825,832 Total ending loan balance ​ $ 3,254,508 ​ $ 908,616 ​ $ 143,693 ​ $ 468,540 ​ $ 53,207 ​ $ 24,931 ​ $ 4,853,495 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ One-to four- ​ ​ ​ ​ ​ ​ At December 31, 2021 Real Estate & Industrial Construction Multi-family Family Consumer Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 26 ​ $ 170 ​ $ 196 Collectively evaluated for impairment ​ ​ 22,216 ​ ​ 7,708 ​ ​ 2,105 ​ ​ 2,156 ​ ​ 114 ​ ​ 234 ​ ​ 34,533 Total ending allowance balance ​ $ 22,216 ​ $ 7,708 ​ $ 2,105 ​ $ 2,156 ​ $ 140 ​ $ 404 ​ $ 34,729 Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 38,518 ​ $ — ​ $ — ​ $ — ​ $ 946 ​ $ 302 ​ $ 39,766 Collectively evaluated for impairment ​ ​ 2,449,864 ​ ​ 654,535 ​ ​ 151,791 ​ ​ 355,290 ​ ​ 56,217 ​ ​ 32,064 ​ ​ 3,699,761 Total ending loan balance ​ $ 2,488,382 ​ $ 654,535 ​ $ 151,791 ​ $ 355,290 ​ $ 57,163 ​ $ 32,366 ​ $ 3,739,527 ​ The following tables present loans individually evaluated for impairment (in thousands). The recorded investment in loans excludes accrued interest receivable and loan origination fees. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2022 ​ Year ended December 31, 2022 ​ ​ ​ ​ ​ ​ Allowance ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ ​ ​ for Loan ​ Average ​ Interest ​ ​ Principal ​ Recorded ​ Losses ​ Recorded ​ Income ​ Balance Investment Allocated ​ Investment Recognized With an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ $ 24 ​ $ 24 ​ $ 24 ​ ​ 79 ​ ​ — Total ​ $ 24 ​ $ 24 ​ $ 24 ​ $ 79 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Without an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to four-family ​ $ 1,176 ​ $ 899 ​ $ — ​ $ 832 ​ $ 31 CRE ​ ​ 27,984 ​ ​ 26,740 ​ ​ — ​ ​ 30,142 ​ ​ 1,041 Total ​ $ 29,160 ​ $ 27,639 ​ $ — ​ $ 30,974 ​ $ 1,072 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ Year ended December 31, 2021 ​ ​ ​ ​ ​ ​ Allowance ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ ​ ​ for Loan ​ Average ​ Interest ​ ​ Principal ​ Recorded ​ Losses ​ Recorded ​ Income ​ Balance Investment Allocated ​ Investment Recognized With an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to four-family ​ $ 577 ​ $ 447 ​ $ 26 ​ $ 462 ​ $ 21 Consumer ​ ​ 302 ​ ​ 302 ​ ​ 170 ​ ​ 1,766 ​ ​ 84 C&I ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,726 ​ ​ — Total ​ $ 879 ​ $ 749 ​ $ 196 ​ $ 4,954 ​ $ 105 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Without an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to four-family ​ $ 646 ​ $ 499 ​ $ — ​ $ 509 ​ $ 26 CRE ​ ​ 38,518 ​ ​ 38,518 ​ ​ — ​ ​ 15,975 ​ ​ 325 C&I ​ ​ — ​ ​ — ​ ​ — ​ ​ 77 ​ ​ — Total ​ $ 39,164 ​ $ 39,017 ​ $ — ​ $ 16,561 ​ $ 351 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2020 ​ Year ended December 31, 2020 ​ ​ ​ ​ ​ ​ ​ Allowance ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ for Loan ​ Average ​ Interest ​ ​ Principal ​ ​ Recorded ​ Losses ​ Recorded ​ Income ​ Balance ​ Investment Allocated ​ Investment Recognized With an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to four-family ​ $ 610 ​ ​ $ 480 ​ $ 53 ​ $ 491 ​ $ 19 Consumer ​ ​ 2,197 ​ ​ ​ 2,197 ​ ​ 1,203 ​ ​ 1,503 ​ ​ 88 C&I ​ ​ 4,192 ​ ​ ​ 4,192 ​ ​ 3,662 ​ ​ 3,456 ​ ​ — Total ​ $ 6,999 ​ ​ $ 6,869 ​ $ 4,918 ​ $ 5,450 ​ $ 107 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Without an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to four-family ​ $ 666 ​ ​ $ 519 ​ $ — ​ $ 996 ​ $ 20 CRE ​ ​ 10,345 ​ ​ ​ 10,345 ​ ​ — ​ ​ 2,360 ​ ​ 38 C&I ​ ​ — ​ ​ ​ — ​ ​ — ​ ​ 951 ​ ​ — Total ​ $ 11,011 ​ ​ $ 10,864 ​ $ — ​ $ 4,307 ​ $ 58 ​ For a loan to be considered impaired, management determines whether it is probable that the Company will not be able to collect all amounts due according to the contractual terms of the loan agreement. Management applies its normal loan review procedures in making these judgments. Impaired loans include individually classified non-accrual loans and TDRs. Impairment is determined based on the present value of expected future cash flows discounted at the loan’s effective interest rate. For loans that are collateral dependent, the fair value of the collateral is used to determine the fair value of the loan. The fair value of the collateral is determined based on recent appraised values. The fair value of the collateral or present value of expected cash flows is compared to the carrying value to determine if any write-down or specific loan loss allowance allocation is required. For discussion on modification of loans to borrowers impacted by COVID-19, refer to the “COVID-19 Loan Modifications” section herein. The following tables present the recorded investment in non-accrual loans, loans past due over 90 days and still accruing by class of loans (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Past Due ​ ​ ​ ​ ​ Over 90 Days At December 31, 2022 Nonaccrual ​ Still Accruing Consumer ​ $ 24 ​ $ — Total ​ $ 24 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Past Due ​ ​ ​ ​ ​ Over 90 Days At December 31, 2021 ​ ​ Nonaccrual ​ Still Accruing Commercial real estate ​ $ 9,984 ​ $ — Consumer ​ ​ 37 ​ ​ 265 Total ​ $ 10,021 ​ $ 265 ​ Interest income that would have been recorded for the years ended December 31, 2022, 2021 and 2020, had non-accrual loans been current according to their original terms, was immaterial. The following table presents the aging of the recorded investment in past due loans by class of loans (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 ​ ​ ​ ​ ​ ​ ​ ​ 30-59 ​ 60-89 ​ Days and ​ Total past ​ Current ​ ​ At December 31, 2022 Days Days greater due loans Total Commercial real estate ​ $ — ​ $ 24,000 ​ $ — ​ $ 24,000 ​ $ 3,230,508 ​ $ 3,254,508 Commercial & industrial ​ ​ 37 ​ ​ — ​ ​ — ​ ​ 37 ​ ​ 908,579 ​ ​ 908,616 Construction ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 143,693 ​ ​ 143,693 Multi-family ​ ​ 8,000 ​ ​ — ​ ​ — ​ ​ 8,000 ​ ​ 460,540 ​ ​ 468,540 One-to four-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 53,207 ​ ​ 53,207 Consumer ​ ​ 21 ​ ​ — ​ ​ 24 ​ ​ 45 ​ ​ 24,886 ​ ​ 24,931 Total ​ $ 8,058 ​ $ 24,000 ​ $ 24 ​ $ 32,082 ​ $ 4,821,413 ​ $ 4,853,495 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 ​ ​ ​ ​ ​ ​ ​ ​ 30-59 ​ 60-89 ​ Days and ​ Total past ​ Current ​ ​ At December 31, 2021 Days Days greater due loans Total Commercial real estate ​ $ — ​ $ — ​ $ 9,984 ​ $ 9,984 ​ $ 2,478,398 ​ $ 2,488,382 Commercial & industrial ​ ​ 151 ​ ​ — ​ ​ — ​ ​ 151 ​ ​ 654,384 ​ ​ 654,535 Construction ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 151,791 ​ ​ 151,791 Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 355,290 ​ ​ 355,290 One-to four-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 57,163 ​ ​ 57,163 Consumer ​ ​ 93 ​ ​ 94 ​ ​ 302 ​ ​ 489 ​ ​ 31,877 ​ ​ 32,366 Total ​ $ 244 ​ $ 94 ​ $ 10,286 ​ $ 10,624 ​ $ 3,728,903 ​ $ 3,739,527 ​ Troubled Debt Restructurings Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered TDRs and classified as impaired. Included in impaired loans at both December 31, 2022 and 2021 were $1.2 million and $1.3 million, respectively, of loans modified as TDRs. The ALLL for TDRs was $0.0 and $26,000 as of December 31, 2022 and 2021, respectively. All TDRs at December 31, 2022 and 2021 were performing in accordance with their restructured terms. During the years ended December 31, 2022 and 2021, there were no payment defaults on any loans previously identified as TDRs. There were no loans modified as a TDR during the years ended December 31, 2022 or 2021. The Company has not committed to lend additional amounts as of December 31, 2022 to customers with outstanding loans that are classified as TDRs. A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed pursuant to the Company’s internal underwriting policy. The following table presents the recorded investment in TDRs by class of loans (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2022 ​ 2021 Commercial real estate ​ $ 325 ​ $ 342 One-to four-family ​ ​ 899 ​ ​ 946 Total ​ $ 1,224 ​ $ 1,288 ​ Credit Quality Indicators 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, credit documentation, public information, and current economic trends, among other factors. Except for one-to four-family loans and consumer loans, the Company analyzes loans individually by classifying the loans as to credit risk at least annually. For one-to four-family loans and consumer loans, the Company evaluates credit quality based on the aging status of the loan, which was previously presented. An analysis is performed on a quarterly basis for loans classified as special mention, substandard, or doubtful. The Company uses the following definitions for risk ratings: Special Mention - Substandard - Doubtful - Loans not meeting the criteria above are classified as pass-rated loans. Based on the most recent analysis performed, the risk category of loans by class of loans is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2022 Pass Mention Substandard Doubtful ​ ​ Total Commercial real estate ​ $ 3,192,212 ​ $ 35,881 ​ $ 26,415 ​ $ — ​ $ 3,254,508 Commercial & industrial ​ ​ 876,867 ​ ​ 31,749 ​ ​ — ​ ​ — ​ ​ 908,616 Construction ​ ​ 143,693 ​ ​ — ​ ​ — ​ ​ — ​ ​ 143,693 Multi-family ​ ​ 468,540 ​ ​ — ​ ​ — ​ ​ — ​ ​ 468,540 Total ​ $ 4,681,312 ​ $ 67,630 ​ $ 26,415 ​ $ — ​ $ 4,775,357 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 Pass Mention Substandard Doubtful ​ ​ Total Commercial real estate ​ $ 2,449,864 ​ $ 342 ​ $ 38,176 ​ $ — ​ $ 2,488,382 Commercial & industrial ​ ​ 646,251 ​ ​ 4,177 ​ ​ 4,107 ​ ​ — ​ ​ 654,535 Construction ​ ​ 151,791 ​ ​ — ​ ​ — ​ ​ — ​ ​ 151,791 Multi-family ​ ​ 355,290 ​ ​ — ​ ​ — ​ ​ — ​ ​ 355,290 Total ​ $ 3,603,196 ​ $ 4,519 ​ $ 42,283 ​ $ — ​ $ 3,649,998 ​ COVID-19 Loan Modifications As of December 31, 2022, the Company had one loan amounting to $20.8 million, or 0.43% of total loans, that was modified in accordance with the COVID-19 Guidance and the CARES Act. As of December 31, 2022, related principal payment deferrals were $20.8 million, or 0.43% of total loans, while none were full payment deferrals. ​ As of December 31, 2021, the Company had 8 loans amounting to $48.9 million, or 1.31% of total loans, that were modified in accordance with the COVID-19 Guidance and the CARES Act. As of December 31, 2021, principal payment deferrals were $39.1 million, or 1.05% of total loans, while full payment deferrals were $9.9 million, or 0.26% of total loans.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2022
LEASES
LEASES	NOTE 6 — LEASES The Company leases its corporate office, banking centers and loan production offices. The following tables present the Company’s lease cost and other information related to its operating leases (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ At December 31, ​ ​ ​ ​ 2022 ​ Supplemental balance sheet information: ​ ​ ​ Lease assets ​ $ 44,339 ​ Lease liabilities ​ $ 48,364 ​ Weighted average remaining lease term in years ​ 11 ​ Weighted average discount rate ​ 2.26 % ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ ​ ​ December 31, ​ ​ ​ ​ 2022 ​ Operating Lease cost ​ $ 5,405 ​ Cash paid for amount included in the measurement of operating lease liabilities ​ $ 4,864 ​ ​ The following table presents the remaining maturity of lease liabilities as well as the reconciliation of undiscounted lease payments to the discounted operating lease liabilities (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ At December 31, ​ ​ ​ 2022 Lease liabilities maturing in: ​ ​ ​ 2023 ​ $ 5,202 2024 ​ 4,976 2025 ​ 4,990 2026 ​ 5,008 2027 ​ ​ 4,632 Thereafter ​ ​ 30,276 Total ​ $ 55,084 Less: Present value discount ​ ​ (6,720) Total lease liabilities ​ $ 48,364 ​ Total rent expense for the year ended December 31, 2021 and 2020 was $4.9 million and $4.7 million, respectively. ​

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2022
PREMISES AND EQUIPMENT
PREMISES AND EQUIPMENT	NOTE 7 — PREMISES AND EQUIPMENT Premises and equipment are summarized as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, ​ 2022 2021 Furniture and Equipment ​ $ 14,451 ​ $ 13,032 Land, buildings and improvements ​ ​ 13,479 ​ ​ — Leasehold Improvements ​ 20,595 ​ 16,266 Total Premises and Equipment ​ 48,525 ​ 29,298 Less accumulated depreciation and amortization ​ (16,656) ​ (14,182) Total Premises and Equipment, net ​ $ 31,869 ​ $ 15,116 ​ Depreciation and amortization expense amounted to $2.5 million, $2.4 million and $2.5 million for the years ended December 31, 2022, 2021 and 2020, respectively. ​

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2022
DEPOSITS
DEPOSITS	NOTE 8 — DEPOSITS Deposits consisted of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, ​ 2022 2021 ​ ​ ​ Noninterest bearing demand accounts ​ $ 2,422,151 ​ $ 3,668,673 Money market ​ 2,792,554 ​ 2,666,983 Savings accounts ​ 11,144 ​ 20,930 Time deposits ​ 52,063 ​ 78,986 Total deposits ​ $ 5,277,912 ​ $ 6,435,572 ​ Time deposits greater than $250,000 at December 31, 2022 and 2021 were $30.8 million and $39.4 million, respectively. The following table presents the scheduled annual maturities of time deposits (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ At December 31, ​ ​ ​ 2022 2023 $ 37,614 2024 ​ 11,263 2025 ​ 2,362 2026 ​ 349 2027 ​ 475 Total time deposits ​ $ 52,063 ​ ​

BORROWINGS

BORROWINGS	12 Months Ended
	Dec. 31, 2022
BORROWINGS
BORROWINGS	NOTE 9 — BORROWINGS Federal Funds Purchased and FHLB Advances Federal funds purchased and FHLBNY advances consisted of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense ​ ​ At December 31, ​ Year Ended December 31, ​ 2022 2021 2022 2021 2020 Federal funds purchased ​ $ 150,000 ​ $ — ​ $ 601 ​ $ — ​ $ — Federal Home Loan Bank of New York advances ​ $ 100,000 ​ $ — ​ $ 292 ​ $ — ​ $ 1,742 ​ Federal funds purchased are generally overnight transactions and had a weighted average interest rate of 4.65% at December 31, 2022. The FHLBNY advances at December 31, 2022 have a maturity date of January 11, 2023 and a fixed interest rate of 4.58%. At December 31, 2022, the Company had available borrowing capacity of $984.4 million at the FHLBNY, and available borrowing capacity of $137.6 million at the FRBNY discount window. Trust Preferred Securities Payable On December 7, 2005, the Company established MetBank Capital Trust I, a Delaware statutory trust (“Trust I”). The Company received all of the common stock of Trust I in exchange for contributed capital of $310,000. Trust I issued $10.0 million of preferred capital securities to investors in a private transaction and invested the proceeds, combined with the proceeds from the sale of Trust I’s common capital securities, in the Company through the purchase of $10.3 million aggregate principal amount of Floating Rate Junior Subordinated Debentures (the “Debentures”) issued by the Company. The Debentures, the sole assets of Trust I, mature on December 9, 2035 and bear interest at a floating rate of three-month LIBOR plus 1.85%. The Debentures are callable at any time. The interest rates were 5.93% and 1.97% as of December 31, 2022 and 2021, respectively. On July 14, 2006, the Company established MetBank Capital Trust II, a Delaware statutory trust (“Trust II”). The Company received all of the common stock of Trust II in exchange for contributed capital of $310,000. Trust II issued $10 million of preferred capital securities to investors in a private transaction and invested the proceeds, combined with the proceeds from the sale of Trust II’s common capital securities, in the Company through the purchase of $10.3 million aggregate principal amount of Floating Rate Junior Subordinated Debentures (the “Debentures II”) issued by the Company. The Debentures II, the sole assets of Trust II, mature on October 7, 2036, and bear interest at a floating rate of three-month LIBOR The Company is not considered the primary beneficiary of these trusts; therefore, the trusts are not consolidated in the Company’s financial statements. Interest on the subordinated debentures may be deferred by the Company at any time or from time to time for a period not exceeding twenty consecutive quarterly payments (5 years), provided there is no event of default. At the end of the deferral period, the Company must pay accrued interest, at which point it may elect a new deferral period provided that no deferral may extend beyond maturity. The investments in the common stock of Trust I and Trust II are included in other assets on the consolidated statements of financial condition. The subordinated debentures may be included in Tier 1 capital (with certain applicable limitations) under current regulatory guidelines and interpretations. Subordinated Debt On March 8, 2017, the Company issued $25.0 million of subordinated notes to accredited institutional investors. The subordinated notes had a maturity date of March 15, 2027 and an interest rate of 6.25% per annum. During the first quarter of 2022, the Company redeemed all of the subordinated debt, plus accrued interest. LIBOR Transition The terms of the trust preferred securities may be impacted by the transition from LIBOR to an alternative U.S. dollar reference interest rate, potentially SOFR, in 2023. The overnight and 1-, 3-, 6- and 12-month USD LIBOR settings will cease to be published or cease to be representative after June 30, 2023. All other LIBOR settings ceased to be published or to be representative as of December 31, 2021. Management is currently evaluating the impact of the transition on the trust preferred securities.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2022
INCOME TAXES
INCOME TAXES	NOTE 10 — INCOME TAXES Income tax expense consisted of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2022 2021 2020 Current ​ ​ ​ Federal ​ $ 27,311 ​ $ 16,883 ​ $ 10,936 State and local ​ 14,162 ​ 12,252 ​ 7,226 Total current ​ 41,473 ​ 29,135 ​ 18,162 Deferred ​ ​ ​ Federal ​ (1,919) ​ (405) ​ 139 State and local ​ (2,081) ​ 285 ​ 151 Total deferred ​ (4,000) ​ (120) ​ 290 Total income tax expense ​ $ 37,473 ​ $ 29,015 ​ $ 18,452 ​ Deferred tax assets and liabilities consist of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, ​ 2022 2021 Deferred tax assets: ​ ​ Allowance for loan losses ​ $ 13,698 ​ $ 10,670 Lease liabilities ​ ​ 14,782 ​ ​ — Net unrealized loss on securities available for sale ​ ​ 27,084 ​ ​ 3,731 Off balance sheet reserves ​ 55 ​ 55 Restricted stock ​ 1,140 ​ 252 Tangible asset ​ 7 ​ 10 Non-qualified stock options ​ 285 ​ 286 Other ​ 95 ​ — Total gross deferred tax assets ​ 57,146 ​ 15,004 Deferred tax liabilities: ​ ​ Right of use lease asset ​ ​ 13,551 ​ ​ — Depreciation and amortization ​ 4,390 ​ 3,229 Net unrealized gain on interest rate cap ​ ​ 3,302 ​ 334 Prepaid assets ​ ​ 548 ​ 459 Other ​ ​ — ​ 12 Total gross deferred tax liabilities ​ 21,791 ​ 4,034 Net deferred tax asset, included in other assets ​ $ 35,355 ​ $ 10,970 ​ The following is a reconciliation of the Company’s statutory federal income tax rate to its effective tax rate (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ ​ 2022 ​ 2021 ​ 2020 ​ ​ Tax expense/ ​ ​ ​ ​ Tax expense/ ​ ​ ​ ​ Tax expense/ ​ ​ ​ ​ (benefit) Rate ​ (benefit) Rate ​ (benefit) Rate Pretax income at statutory rates ​ $ 20,349 21.00 % ​ $ 18,810 21.00 % ​ $ 12,163 21.00 % State and local taxes, net of federal income tax benefit ​ 9,544 9.85 ​ ​ 9,904 11.06 ​ ​ 5,828 10.06 ​ Nondeductible expenses ​ 8,175 8.44 ​ ​ 680 0.76 ​ ​ 457 0.79 ​ Stock options ​ ​ (302) ​ (0.31) ​ ​ ​ — ​ — ​ ​ ​ — ​ — ​ Excess tax deduction on equity awards ​ ​ — ​ — ​ ​ ​ (467) ​ (0.52) ​ ​ ​ (59) ​ (0.10) ​ Tax-exempt income, net ​ (106) (0.11) ​ ​ (51) (0.06) ​ ​ — — ​ Other ​ (187) (0.20) ​ ​ 139 0.15 ​ ​ 63 0.11 ​ Effective income tax expense/rate ​ $ 37,473 38.67 % ​ $ 29,015 32.39 % ​ $ 18,452 31.86 % ​ The Company and the Bank filed consolidated Federal, New York State, Connecticut and New York City tax returns in 2022 and 2021. The Company is subject to California, Connecticut, Kentucky, Massachusetts, New Jersey, New York State, New York City, and Tennessee income taxes on a consolidated basis. The Bank is subject to Alabama, Florida, and Missouri income taxes on a separate company basis. As of December 31, 2022 and 2021, there are no unrecognized tax benefits, and the Company does not expect this to significantly change in the next twelve months. Except for California, Connecticut, Kentucky, New York City and Tennessee, the Company is no longer subject to examination by the U.S. federal and state or local tax authorities for years prior to 2019. California is subject to examination for years 2016 and forward. Connecticut, Kentucky and Tennessee are no longer subject to examination for years prior to 2018. As of December 31, 2022, the Company was under audit in New York for the 2018 tax year, and in New York City for the 2017 and 2018 tax years. Due to the New York City audit, the 2017 tax year New York City statute of limitation has been extended to June 30, 2023.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2022
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 11 — RELATED PARTY TRANSACTIONS Deposits from principal officers, directors, and their affiliates at December 31, 2022 and 2021 were $4.6 million and $7.3 million, respectively. A promissory note of $780,000 was made to an executive officer of the Company during 2016. The note had a fixed interest rate of 2.1% per annum and interest is payable on the last day of each calendar quarter. The note had a balloon payment term and the due date was August 15, 2021, with no prepayment penalty. The note was extended for the same outstanding balance of $780,000. Under the revised terms of the note, the note has a fixed interest rate of 1.09% per annum and interest is payable on the last day of each calendar quarter, with no prepayment penalty. The note has a balloon payment term and the due date is August, 15, 2026, with no prepayment penalty. The outstanding balance of the subject loan was $780,000 as of December 31, 2022 and 2021.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2022
FAIR VALUE OF FINANCIAL INSTRUMENTS
FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 12 — FAIR VALUE OF FINANCIAL INSTRUMENTS The Company uses fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. The Company did not have any liabilities that were measured at fair value at December 31, 2022 and December 31, 2021. AFS securities are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets or liabilities on a non-recurring basis, such as certain impaired loans. These non-recurring fair value adjustments generally involve the write-down of individual assets due to impairment losses. 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. The standard describes three levels of inputs that may be used to measure fair value: Level 1: Level 2: Level 3: Assets and Liabilities Measured on a Recurring Basis Instruments measured on a recurring basis include the Company’s AFS securities portfolio, equity investments and an interest rate cap derivative contract. The AFS portfolio is carried at estimated fair value with any unrealized gains and losses, net of taxes, reported as accumulated other comprehensive income or loss in shareholders’ equity. Equity investments are carried at estimated fair value with changes in fair value reported as “unrealized gain/(loss)” on the statements of operations. The interest rate cap derivative contract was carried at its estimated fair value with changes in fair value reported as accumulated other comprehensive income or loss in shareholders’ equity. The fair values for substantially all of these assets are obtained monthly from an independent nationally recognized pricing service. On a quarterly basis, the Company assesses the reasonableness of the fair values obtained for the AFS portfolio by reference to a second independent nationally recognized pricing service. Based on the nature of these securities, the Company’s independent pricing service provides prices which are categorized as Level 2 since quoted prices in active markets for identical assets are generally not available for the majority of securities in the Company’s portfolio. Various modeling techniques are used to determine pricing for the Company’s mortgage-backed securities, including option pricing and discounted cash flow models. The inputs to these models include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data. At least annually, management conducts due diligence on the independent pricing services to review changes to their pricing methodologies and confirm compliance with various regulatory guidelines including information security guidelines, technology infrastructure and business continuity programs. There are no liabilities that are measured on a recurring basis. Assets and liabilities measured at fair value on a recurring basis are summarized below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement using: ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Markets ​ Other ​ Significant ​ ​ Carrying ​ For Identical ​ Observable ​ Unobservable ​ Amount Assets (Level 1) Inputs (Level 2) Inputs (Level 3) At December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agency securities ​ $ 59,372 ​ $ — ​ $ 59,372 ​ $ — U.S. State and Municipal securities ​ ​ 9,212 ​ ​ — ​ ​ 9,212 ​ ​ — Residential mortgage securities ​ ​ 338,548 ​ ​ — ​ ​ 338,548 ​ ​ — Commercial mortgage securities ​ ​ 34,850 ​ ​ — ​ ​ 34,850 ​ ​ — Asset-backed securities ​ ​ 3,765 ​ ​ — ​ ​ 3,765 ​ ​ — CRA Mutual Fund ​ ​ 2,048 ​ ​ 2,048 ​ ​ — ​ ​ — Derivative assets - interest rate cap ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement using: ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Markets ​ Other ​ Significant ​ ​ Carrying ​ For Identical ​ Observable ​ Unobservable ​ Amount Assets (Level 1) Inputs (Level 2) Inputs (Level 3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agency securities ​ $ 66,334 ​ $ — ​ $ 66,334 ​ $ — U.S. State and Municipal securities ​ ​ 11,499 ​ ​ — ​ ​ 11,499 ​ ​ — Residential mortgage securities ​ ​ 466,551 ​ ​ — ​ ​ 466,551 ​ ​ — Commercial mortgage securities ​ ​ 17,627 ​ ​ — ​ ​ 17,627 ​ ​ — Asset-backed securities ​ ​ 4,613 ​ ​ — ​ ​ 4,613 ​ ​ — CRA Mutual Fund ​ ​ 2,273 ​ ​ 2,273 ​ ​ — ​ ​ — Derivative assets - interest rate cap ​ ​ 3,385 ​ ​ — ​ ​ 3,385 ​ ​ — ​ There were no transfers between Level 1 and Level 2 during 2022 or 2021. There were no material assets measured at fair value on a non-recurring basis at December 31, 2022 or December 31, 2021. The Company has engaged an independent pricing service provider to provide the fair values of its financial assets and liabilities not measured at fair value. This provider follows FASB’s exit pricing guidelines, as required by ASC 820 Fair Value Measurement, when calculating the fair market value. Carrying amount and estimated fair values of financial instruments not carried at fair value were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement Using: ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets ​ Other ​ Significant ​ ​ ​ ​ ​ Carrying ​ For Identical ​ Observable ​ Unobservable ​ Total Fair At December 31, 2022 Amount Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Value Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and due from banks ​ $ 26,780 ​ $ 26,780 ​ $ — ​ $ — ​ $ 26,780 Overnight deposits ​ ​ 230,638 ​ ​ 230,638 ​ ​ — ​ ​ — ​ ​ 230,638 Securities held-to-maturity ​ ​ 510,425 ​ ​ — ​ ​ 437,290 ​ ​ — ​ ​ 437,290 Loans, net ​ ​ 4,840,523 ​ ​ — ​ ​ — ​ ​ 4,737,007 ​ ​ 4,737,007 Other investments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FRB Stock ​ ​ 11,421 ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A FHLB Stock ​ ​ 9,191 ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A Disability Fund ​ ​ 1,000 ​ ​ — ​ ​ 1,000 ​ ​ — ​ ​ 1,000 Time deposits at banks ​ ​ 498 ​ ​ 498 ​ ​ — ​ ​ — ​ ​ 498 Receivable from prepaid card programs, net ​ ​ 85,605 ​ ​ — ​ ​ — ​ ​ 85,605 ​ ​ 85,605 Accrued interest receivable ​ ​ 24,107 ​ ​ — ​ ​ 964 ​ ​ 23,143 ​ ​ 24,107 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-interest-bearing demand deposits ​ $ 2,422,151 ​ $ 2,422,151 ​ $ — ​ $ — ​ $ 2,422,151 Money market and savings deposits ​ ​ 2,803,698 ​ ​ 2,803,698 ​ ​ — ​ ​ — ​ ​ 2,803,698 Time deposits ​ ​ 52,063 ​ ​ — ​ ​ 51,058 ​ ​ — ​ ​ 51,058 Federal funds purchased ​ ​ 150,000 ​ ​ — ​ ​ 150,000 ​ ​ — ​ ​ 150,000 Federal Home Loan Bank of New York advances ​ ​ 100,000 ​ ​ — ​ ​ 100,000 ​ ​ — ​ ​ 100,000 Trust preferred securities payable ​ ​ 20,620 ​ ​ — ​ ​ — ​ ​ 19,953 ​ ​ 19,953 Prepaid debit cardholder balances ​ ​ 10,579 ​ ​ — ​ ​ — ​ ​ 10,579 ​ ​ 10,579 Accrued interest payable ​ ​ 728 ​ ​ 112 ​ ​ 293 ​ ​ 323 ​ ​ 728 Secured borrowings ​ ​ 7,725 ​ ​ — ​ ​ 7,725 ​ ​ — ​ ​ 7,725 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement Using: ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets ​ Other ​ Significant ​ ​ ​ ​ ​ Carrying ​ For Identical ​ Observable ​ Unobservable ​ Total Fair At December 31, 2021 Amount Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Value Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and due from banks ​ $ 28,864 ​ $ 28,864 ​ $ — ​ $ — ​ $ 28,864 Overnight deposits ​ ​ 2,330,486 ​ ​ 2,330,486 ​ ​ — ​ ​ — ​ ​ 2,330,486 Securities held-to-maturity ​ ​ 382,099 ​ ​ — ​ ​ 380,108 ​ ​ — ​ ​ 380,108 Loans, net ​ ​ 3,697,200 ​ ​ — ​ ​ — ​ ​ 3,721,619 ​ ​ 3,721,619 Other investments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FRB Stock ​ ​ 7,430 ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A FHLB Stock ​ ​ 3,070 ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A Disability Fund ​ ​ 1,000 ​ ​ — ​ ​ 1,000 ​ ​ — ​ ​ 1,000 CRA - CD ​ ​ 498 ​ ​ 498 ​ ​ — ​ ​ — ​ ​ 498 Receivable from prepaid card programs, net ​ ​ 39,864 ​ ​ — ​ ​ — ​ ​ 39,864 ​ ​ 39,864 Accrued interest receivable ​ ​ 15,195 ​ ​ — ​ ​ 892 ​ ​ 14,303 ​ ​ 15,195 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-interest-bearing demand deposits ​ $ 3,668,673 ​ $ 3,668,673 ​ $ — ​ $ — ​ $ 3,668,673 Money market and savings deposits ​ ​ 2,687,913 ​ ​ 2,687,913 ​ ​ — ​ ​ — ​ ​ 2,687,913 Time deposits ​ ​ 78,986 ​ ​ — ​ ​ 79,187 ​ ​ — ​ ​ 79,187 Trust preferred securities payable ​ ​ 20,620 ​ ​ — ​ ​ — ​ ​ 19,997 ​ ​ 19,997 Subordinated debt, net of issuance cost ​ ​ 24,712 ​ ​ — ​ ​ 25,125 ​ ​ — ​ ​ 25,125 Prepaid debit cardholder balances ​ ​ 8,847 ​ ​ — ​ ​ — ​ ​ 8,847 ​ ​ 8,847 Accrued interest payable ​ ​ 746 ​ ​ 5 ​ ​ 633 ​ ​ 108 ​ ​ 746 Secured borrowings ​ ​ 32,461 ​ ​ — ​ ​ 32,507 ​ ​ — ​ ​ 32,507 ​

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2022
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY	NOTE 13 — STOCKHOLDERS’ EQUITY During the third quarter of 2021, the Company issued 2.3 million shares of its common stock at a price of $75 per share, resulting in net proceeds of $162.7 million. The Company had outstanding 272,636 shares of its Series F, Class B non-voting preferred stock, par value, $0.01 per share. The stock was subordinate and junior to all indebtedness of the Company and to all other series of preferred stock of the Company. The holder of the Series F, Class B preferred stock was entitled to receive ratable dividends only if and when dividends were concurrently declared and payable on the shares of common shares. During the fourth quarter of 2021, the holder of the Series F, Class B Preferred Stock exchanged shares of Series F, Class B preferred stock for shares of the Company’s common stock.

STOCK COMPENSATION PLAN

STOCK COMPENSATION PLAN	12 Months Ended
	Dec. 31, 2022
STOCK COMPENSATION PLAN
STOCK COMPENSATION PLAN	NOTE 14 — STOCK COMPENSATION PLAN Equity Incentive Plan At December 31, 2022, the Company maintained three stock compensation plans, the 2022 Equity Incentive Plan (the “2022 EIP”), the 2019 Equity Incentive Plan (the “2019 EIP”) and the 2009 Equity Incentive Plan (the “2009 EIP”). The 2019 EIP expired on May 31, 2022 but has outstanding restricted stock awards and PRSUs subject to vesting schedules. The 2009 EIP has also expired but has outstanding stock options that may still be exercised. The 2022 EIP was approved on May 31, 2022 by stockholders of the Company. Under the 2022 EIP, the maximum number of shares of stock that may be delivered to participants in the form of restricted stock, restricted stock units and stock options, including ISOs and non-qualified stock options, is 358,000, subject to adjustment as set forth in the 2022 EIP, plus any awards that are forfeited under the 2019 EIP after March 15, 2022. Stock Options Under the terms of the 2022 EIP, a stock option cannot have an exercise price that is less than 100% of the fair market value of the shares covered by the stock option on the date of grant. In the case of an ISO granted to a 10% stockholder, the exercise price shall not be less than 110% of the fair market value of the shares covered by the stock option on the date of grant. In no event shall the exercise period exceed ten years from the date of grant of the option, except, in the case of an ISO granted to a 10% stockholder, the exercise period shall not exceed five years from the date of grant. The 2022 EIP contains a double trigger change in control feature, providing for an acceleration of vesting upon an involuntary termination of employment simultaneous with or following a change in control. The fair value of each stock option award is estimated on the date of grant using a closed form option valuation (Black-Scholes) model. Expected volatilities based on historical volatilities of the Company’s common stock are not significant. The expected term of options granted is based on historical data and represents the period of time that options granted are expected to be outstanding, which takes into account that the options are not transferable. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of the grant. ​ A summary of the status of the Company’s stock options and the changes during the year is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ Weighted ​ ​ Number of Average ​ ​ Options ​ Exercise Price ​ Outstanding, beginning of period ​ 231,000 ​ $ 18.00 ​ Granted ​ — ​ ​ — ​ Exercised ​ (10,800) ​ ​ 18.00 ​ Cancelled/forfeited ​ — ​ ​ — ​ Outstanding, end of period ​ 220,200 ​ $ 18.00 ​ Options vested and exercisable at end of period ​ 220,200 ​ $ 18.00 ​ ​ ​ ​ ​ ​ ​ ​ Weighted average remaining contractual life (years) ​ 1.41 ​ ​ ​ ​ Weighted average intrinsic value $ 40.67 ​ ​ ​ ​ ​ The intrinsic value of exercises was $417,000 and $0.0 for the years ended December 31, 2022 and 2021, respectively. There was no unrecognized compensation cost related to stock options at December 31, 2022 or 2021. There was no compensation cost related to stock options during the year ended December 31, 2022, 2021 or 2020. Restricted Stock Awards and Restricted Stock Units The Company issued restricted stock awards and restricted stock units under the 2019 EIP and the 2009 EIP (collectively, “restricted stock grants”) to certain key personnel. Each restricted stock grant vests based on the vesting schedule outlined in the restricted stock grant agreement. Restricted stock grants are subject to forfeiture if the holder is not employed by the Company on the vesting date. In the first quarter of 2022, 2021 and 2020, 72,025, 78,582 and 60,307 restricted stock grants were issued to certain key personnel, respectively. One-third of these shares vest each year for three years beginning on March 1, 2023, March 1, 2022, and December 15, 2020, respectively. Total compensation cost that has been charged against income for restricted stock grants was $4.5 million, $2.4 million, and $1.5 million for years ended December 31, 2022, 2021, and 2020, respectively. As of December 31, 2022, there was $6.1 million of total unrecognized compensation expense related to the restricted stock awards. The cost is expected to be recognized over a weighted-average period of 2.65 years. In January 2022, 11,126 restricted shares were granted to members of the Board of Directors, which vested in January 2023. In January 2019, 38,900 restricted shares were granted to members of the Board of Directors in lieu of retainer fees for three years of service. In the fourth quarter of 2020, 1,785 shares were granted to a new member of the Board of Directors, all of which vested in the fourth quarter of 2021. Total expense for these awards was $300,000, $410,000 and $400,000 for the years ended December 31, 2022, 2021 and 2020, respectively. As of December 31, 2022, there was no unrecognized expense related to these grants. The following table summarizes the changes in the Company’s restricted stock awards: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended ​ ​ December 31, 2022 ​ December 31, 2021 ​ December 31, 2020 ​ ​ ​ ​ Weighted ​ ​ ​ Weighted ​ ​ ​ Weighted ​ ​ ​ ​ Average ​ ​ ​ Average ​ ​ ​ Average ​ ​ Number of ​ Grant Date ​ Number of ​ Grant Date ​ Number of ​ Grant Date ​ Shares Fair Value ​ Shares Fair Value ​ Shares Fair Value Outstanding, beginning of period ​ 90,999 ​ $ 47.35 ​ 76,289 ​ $ 37.01 ​ 104,838 ​ $ 29.86 Granted ​ 83,151 ​ ​ 102.49 ​ 78,582 ​ ​ 50.80 ​ 62,092 ​ ​ 44.80 Forfeited ​ (578) ​ ​ 92.44 ​ (10,200) ​ ​ 48.09 ​ (31,781) ​ ​ 38.24 Vested ​ (44,010) ​ ​ 37.12 ​ (53,672) ​ ​ 37.57 ​ (58,860) ​ ​ 31.83 Outstanding at end of period ​ 129,562 ​ $ 86.01 ​ 90,999 ​ $ 47.35 ​ 76,289 ​ $ 37.01 ​ The total fair value of shares vested is $3.6 million, $2.0 million, and $2.1 million for the years ended December 31, 2022, 2021 and 2020, respectively. Performance-Based Stock Units During the second quarter of 2021, the Company established a long-term incentive award program under the 2019 EIP. Under the program, 90,000 PRSUs were awarded. During the second quarter of 2022, 20,800 PRSUs were forfeited and reissued pursuant to the 2022 EIP. The weighted average service inception date fair value of the outstanding awarded shares was $6.0 million. At the beginning of 2023 and 2022, 29,200 and 30,000 PRSUs, respectively, were vested as all performance criteria were met. The remaining 30,800 PRSUs are scheduled to vest in February 2024, provided certain performance criteria are met in fiscal year 2023. All vested shares will not be delivered until the first quarter of 2024. Total compensation cost that has been charged against income for the PRSUs was $1.9 million, for years ended December 31, 2022 and 2021, respectively. During the first quarter of 2018, the Company established a long-term incentive award program under the 2009 Plan. Under the program, 90,000 PRSUs were awarded. For each award, the PRSUs were eligible to be earned over a three-year performance period based on personal performance and the Company’s relative performance, in each case, as compared to certain measurement goals that were established at the onset of the performance period. These 90,000 PRSUs were earned at the end of the three-year period and vested in the first quarter of 2021. Total compensation cost that has been charged against income for the 2009 Plan was $1.4 million for the year ended December 31, 2020.

EMPLOYEE BENEFIT PLAN

EMPLOYEE BENEFIT PLAN	12 Months Ended
	Dec. 31, 2022
EMPLOYEE BENEFIT PLAN
EMPLOYEE BENEFIT PLAN	NOTE 15 — EMPLOYEE BENEFIT PLAN The Company has a 401(k) plan for eligible employees. The contribution for any participant may not exceed the maximum amount allowable by law. Each year, the Company may elect to match a percentage of participant contributions. The Company may also elect each year to make additional discretionary contributions to the plan. The total contributions were $889,000 and $774,000 for the years ended December 31, 2022 and 2021, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2022
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 16 — COMMITMENTS AND CONTINGENCIES Financial instruments with off-balance-sheet risk The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the financial statements. The Company’s exposure to credit loss in the event of non-performance by the counterparty to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. The following off-balance-sheet financial instruments whose contract amounts represent credit risk, are outstanding (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2022 ​ At December 31, 2021 ​ ​ Fixed ​ Variable ​ Fixed ​ Variable ​ Rate Rate Rate Rate Unused commitments ​ $ 40,685 ​ $ 364,908 ​ $ 39,676 ​ $ 346,115 Standby and commercial letters of credit ​ ​ 53,947 ​ ​ — ​ ​ 49,988 ​ ​ — ​ ​ $ 94,632 ​ $ 364,908 ​ $ 89,664 ​ $ 346,115 ​ A commitment to extend credit is a legally binding agreement to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally expire within two years. As of December 31, 2022 and 2021, the Company’s fixed rate loan commitments are to make loans with interest rates ranging from 3.0% to 8.5%. At December 31, 2022 and 2021, the Company’s variable rate loan commitments had interest rates ranging from 6.0% to 11.5%, respectively, with a maturity of one year or more. The amount of collateral obtained, if any, by the Company upon extension of credit is based on management’s credit evaluation of the borrower. Collateral held varies but may include mortgages on commercial and residential real estate, security interests in business assets, equipment, deposit accounts with the Company or other financial institutions and securities. The Company’s stand-by letters of credit amounted to $53.9 million and $50.0 million as of December 31, 2022 and 2021, respectively. The Company’s stand-by letters of credit are collateralized by interest-bearing accounts of $28.7 million and $29.6 million as of December 31, 2022 and 2021, respectively. Regulatory Proceedings There are ongoing investigations by federal and state governmental entities concerning a prepaid debit card product program that was offered by the Company through an independent program manager. These include investigations as to which the Company is a subject by the FRB and certain state authorities, including the NYSDFS. During the early stages of the COVID-19 pandemic, third parties used this prepaid debit card product to establish unauthorized accounts and to receive unauthorized government benefits payments, including unemployment insurance benefits payments made pursuant to the CARES Act from many states. The Company ceased accepting new accounts from this program manager in July of 2020 and has exited its relationship with this program manager. The Company is cooperating in these investigations and continues to review this matter. The foregoing could result in enforcement or other actions against the Company and the Bank including civil money penalties and remedial measures. The Company is in discussions with the FRB and the NYSDFS with respect to consensual resolutions of their investigations. Although the Company is unable at this time to determine the final terms on which the FRB and NYSDFS investigations will be resolved or the timing of such resolutions, the Company accrued a charge of $35.0 million during the fourth quarter of 2022 to establish a reserve for what the Company believes is a reasonable estimate of the probable loss and expenses associated with the FRB and NYSDFS settlements. If final settlements with the FRB and the NYSDFS are not reached and the FRB and the NYSDFS bring public enforcement actions, such actions and their resolution, as well as any other matter arising out of the foregoing program, could have a materially adverse effect on the Company and the Bank’s assets, business, cash flows, financial condition, liquidity, prospects and/or results of operations.

REGULATORY CAPITAL

REGULATORY CAPITAL	12 Months Ended
	Dec. 31, 2022
REGULATORY CAPITAL
REGULATORY CAPITAL	NOTE 17 — REGULATORY CAPITAL The Company and Bank are subject to various regulatory capital requirements administered by the Federal banking agencies. At December 31, 2022 and 2021, the Company and the Bank met all applicable regulatory capital requirements to be considered “well capitalized” under regulatory guidelines. The Company and Bank manage their capital to comply with their internal planning targets and regulatory capital standards administered by federal banking agencies. The Company and Bank review capital levels on a monthly basis. The Company and the Bank are subject to the Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (Basel III rules). The minimum required capital conservation buffer was 2.50% at December 31, 2022 and December 31, 2021. As of December 31, 2022 and 2021, the capital conservation buffer for the Company was 5.4% and 8.1%, respectively. As of December 31, 2022 and 2021, the capital conservation buffer for the Bank was 5.1% and 7.3%, respectively. The net unrealized gain or loss on AFS securities is not included in the computation of the regulatory capital. The Company and the Bank meet all capital adequacy requirements, to which they are subject, as of December 31, 2022 and 2021. Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. At December 31, 2022 and 2021, the most recent regulatory notifications categorized the Bank and the Company as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution’s category. The following is a summary of actual capital amounts and ratios for the Company and the Bank compared to the requirements for minimum capital adequacy and classification as well capitalized. Actual and required capital amounts and ratios are presented below at year end (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For ​ ​ To be Well ​ Minimum ​ ​ ​ ​ ​ ​ Capital ​ ​ Capitalized under ​ ​ Capital ​ ​ ​ ​ ​ ​ Adequacy ​ ​ Prompt Corrective ​ Conservation ​ ​ ​ Actual ​ ​ Purposes ​ ​ Action Regulations ​ Buffer ​ ​ ​ Amount Ratio ​ Amount Ratio ​ Amount Ratio ​ Ratio ​ At December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The Company ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 leverage ratio (Tier 1 capital to average assets) ​ $ 641,082 10.2 % ​ $ 250,963 4.0 % ​ $ N/A N/A ​ ​ — % Tier 1 common equity (to risk-weighted assets) ​ $ 620,462 12.1 % ​ $ 230,879 4.5 % ​ $ N/A N/A ​ ​ 2.5 % Tier 1 capital (to risk-weighted assets) ​ $ 641,082 12.5 % ​ $ 307,838 6.0 % ​ $ N/A N/A ​ ​ 2.5 % Total capital (to risk-weighted assets) ​ $ 686,139 13.4 % ​ $ 410,451 8.0 % ​ $ N/A N/A ​ ​ 2.5 % The Bank ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 leverage ratio (Tier 1 capital to average assets) ​ $ 628,825 10.0 % ​ $ 250,920 4.0 % ​ $ 313,650 5.0 % ​ — % Tier 1 common equity (to risk-weighted assets) ​ $ 628,825 12.3 % ​ $ 230,815 4.5 % ​ $ 333,399 6.5 % ​ 2.5 % Tier 1 capital (to risk-weighted assets) ​ $ 628,825 12.3 % ​ $ 307,753 6.0 % ​ $ 410,337 8.0 % ​ 2.5 % Total capital (to risk-weighted assets) ​ $ 673,876 13.1 % ​ $ 410,337 8.0 % ​ $ 512,922 10.0 % ​ 2.5 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ The Company ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 leverage ratio (Tier 1 capital to average assets) ​ $ 575,380 8.5 % ​ $ 270,863 4.0 % ​ $ N/A N/A ​ ​ — % Tier 1 common equity (to risk-weighted assets) ​ $ 554,760 14.1 % ​ $ 177,646 4.5 % ​ $ N/A N/A ​ ​ 2.5 % Tier 1 capital (to risk-weighted assets) ​ $ 575,380 14.6 % ​ $ 236,861 6.0 % ​ $ N/A N/A ​ ​ 2.5 % Total capital (to risk-weighted assets) ​ $ 635,002 16.1 % ​ $ 315,815 8.0 % ​ $ N/A N/A ​ ​ 2.5 % The Bank ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 leverage ratio (Tier 1 capital to average assets) ​ $ 566,835 8.4 % ​ $ 270,800 4.0 % ​ $ 338,499 5.0 % ​ — % Tier 1 common equity (to risk-weighted assets) ​ $ 566,835 14.4 % ​ $ 177,582 4.5 % ​ $ 256,508 6.5 % ​ 2.5 % Tier 1 capital (to risk-weighted assets) ​ $ 566,835 14.4 % ​ $ 236,777 6.0 % ​ $ 315,702 8.0 % ​ 2.5 % Total capital (to risk-weighted assets) ​ $ 601,740 15.2 % ​ $ 315,702 8.0 % ​ $ 394,628 10.0 % ​ 2.5 % ​ As a result of the Economic Growth, Regulatory Relief and Consumer Protection Act of 2018, banking regulatory agencies adopted a revised definition of “well capitalized” for financial institutions and holding companies with assets of less than $10.0 billion and that are not determined to be ineligible by their primary federal regulator due to their risk profile (a “Qualifying Community Bank”). The definition expanded the ways that a Qualifying Community Bank may meet its capital requirements and be deemed “well capitalized.” The rule established a community bank leverage ratio (“CBLR”) equal to the tangible equity capital divided by the average total consolidated assets. Regulators established the CBLR at 8.5% through calendar year 2021 and 9% thereafter. The CARES Act temporarily reduced the CBLR to 8%. A Qualifying Community Bank that maintains a leverage ratio greater than 9% is considered to be well capitalized and to have met generally applicable leverage capital requirements, generally applicable risk-based capital requirements, and any other capital or leverage requirements to which such financial institution or holding company is subject. The Company and Bank intend to continue to measure capital adequacy using the ratios in the table above. ​

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	12 Months Ended
	Dec. 31, 2022
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 18 — EARNINGS PER COMMON SHARE The Company uses the two-class method in the calculation of basic and diluted earnings per share. Under the two-class method, earnings available to common stockholders for the period are allocated between common stockholders and participating securities according to dividends declared (or accumulated) and participation rights in undistributed earnings. The factors used in the earnings per share calculation are as follows (in thousands, except per share data). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2022 2021 2020 Basic ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income per consolidated statements of income ​ $ 59,425 ​ $ 60,555 ​ $ 39,466 Less: Earnings allocated to participating securities ​ ​ (141) ​ ​ (739) ​ ​ (344) Net income available to common stockholders ​ $ 59,284 ​ $ 59,816 ​ $ 39,122 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding including participating securities ​ ​ 10,955,077 ​ ​ 9,123,037 ​ ​ 8,293,677 Less: Weighted average participating securities ​ ​ (26,056) ​ ​ (111,337) ​ ​ (72,248) Weighted average common shares outstanding ​ ​ 10,929,021 ​ ​ 9,011,700 ​ ​ 8,221,429 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share ​ ​ 5.42 ​ ​ 6.64 ​ ​ 4.76 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income allocated to common stockholders ​ $ 59,284 ​ $ 59,816 ​ $ 39,122 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding for basic earnings per common share ​ ​ 10,929,021 ​ ​ 9,011,700 ​ ​ 8,221,429 Add: Dilutive effects of assumed exercise of stock options ​ ​ 170,648 ​ ​ 170,792 ​ ​ 103,463 Add: Dilutive effects of assumed vesting of performance based restricted stock ​ ​ 56,711 ​ ​ 51,581 ​ ​ 73,552 Add: Dilutive effects of assumed vesting of restricted stock units ​ ​ 43,804 ​ ​ 38,749 ​ ​ — Average shares and dilutive potential common shares ​ ​ 11,200,184 ​ ​ 9,272,822 ​ ​ 8,398,444 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dilutive earnings per common share ​ $ 5.29 ​ $ 6.45 ​ $ 4.66 ​ All stock options and performance based restricted stock units were considered in computing diluted earnings per common share for the years ended December 31, 2022, 2021 and 2020. ​

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	12 Months Ended
	Dec. 31, 2022
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	NOTE 19 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table summarizes the changes in Accumulated Other Comprehensive Income (Loss) balances, net of tax effects at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2022 2021 2020 Beginning balance ​ $ (7,504) ​ $ 973 ​ $ 1,207 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income, net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized gain (loss) on AFS securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gain (loss) arising during the period ​ ​ (76,934) ​ ​ (14,722) ​ ​ 4,877 Reclassification adjustment for (gain) loss included in net income ​ ​ — ​ ​ (609) ​ ​ (3,286) Tax effect ​ ​ 23,353 ​ ​ 4,795 ​ ​ (514) Net of tax ​ ​ (53,581) ​ ​ (10,536) ​ ​ 1,077 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized gain (loss) on cash flow hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gain (loss) arising during the period ​ ​ 11,704 ​ ​ 2,957 ​ ​ (1,925) Reclassification adjustment for gain included in net income ​ ​ (1,949) ​ ​ — ​ ​ — Tax effect ​ ​ (2,968) ​ ​ (898) ​ ​ 614 Net of tax ​ ​ 6,787 ​ ​ 2,059 ​ ​ (1,311) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net current period other comprehensive income (loss) ​ ​ (46,794) ​ ​ (8,477) ​ ​ (234) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ (54,298) ​ $ (7,504) ​ $ 973 ​ The proceeds from sales and calls of securities during the years ended December 31, 2022, 2021 and 2020 were $0.0, $43.2 million and $141.4 million, respectively. The following table shows the amounts reclassified out of each component of accumulated other comprehensive income for the gain on the sale of securities (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Affected line item in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ the Consolidated Statements ​ ​ Year Ended December 31, ​ of Operations ​ ​ ​ 2022 ​ ​ 2021 ​ ​ 2020 ​ ​ Realized gain on sale of AFS securities ​ $ — ​ $ 609 ​ $ 3,286 ​ Gain on Sale of Securities Income tax (expense) benefit ​ ​ — ​ ​ (197) ​ ​ (1,036) ​ Income tax expense Total reclassifications, net of income tax ​ $ — ​ $ 412 ​ $ 2,250 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Realized gain on cash flow hedges ​ $ 1,949 ​ $ — ​ $ — ​ Licensing fees Income tax (expense) benefit ​ ​ (599) ​ ​ — ​ ​ — ​ Income tax expense Total reclassifications, net of income tax ​ $ 1,350 ​ $ — ​ $ — ​ ​ ​

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	12 Months Ended
	Dec. 31, 2022
REVENUE FROM CONTRACTS WITH CUSTOMERS
REVENUE FROM CONTRACTS WITH CUSTOMERS	​ ​ NOTE 20 – REVENUE FROM CONTRACTS WITH CUSTOMERS All of the Company’s revenue from contracts with customers that are in the scope of ASC 606, Revenue from Contracts with Customers are recognized in non-interest income. The following table presents the Company’s revenue from contracts with customers (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, ​ 2022 2021 2020 Service charges on deposit accounts ​ $ 5,747 ​ $ 4,755 ​ $ 3,728 Global Payments Group revenue ​ 19,341 ​ 16,445 ​ 8,464 Other service charges and fees ​ 1,763 ​ 1,950 ​ 1,477 Total ​ $ 26,851 ​ $ 23,150 ​ $ 13,669 ​ A description of the Company’s revenue streams accounted for under the accounting guidance follows: Service charges on deposit accounts The Company offers business and personal retail products and services, which include, but are not limited to, online banking, mobile banking, ACH, and remote deposit capture. A standard deposit contract exists between the Company and all deposit customers. The Company earns fees from its deposit customers for transaction-based services (such as ATM use fees, stop payment charges, statement rendering, and ACH fees), account maintenance, and overdraft services. Transaction-based fees are recognized at the time the transaction is executed as that is the point in time the Company fulfills the customer’s request. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer’s account balance. ​ Global payment group revenue The Company offers corporate cash management and retail banking services and, through its global payments business, provides BaaS to its fintech partners. The Company earns initial set-up fees for these programs as well as fees for transactions processed. The Company receives transaction data at the end of each month for services rendered, at which time revenue is recognized. Additionally, Service charges specific to Global payment customers’ deposits are recognized within Global payment group revenue. Other service charges The primary component of other service charges relates to letter of credit fees and FX conversion fees. The Company outsources FX conversion for foreign currency transactions to correspondent banks. The Company earns a portion of an FX conversion fee that the customer charges to process an FX conversion transaction. Revenue is recognized at the end of the month once the customer has remitted the transaction information to the Company. ​ ​ ​

DERIVATIVES

DERIVATIVES	12 Months Ended
	Dec. 31, 2022
DERIVATIVES
DERIVATIVES	NOTE 21 – DERIVATIVES In 2020, the Company entered into an interest rate cap derivative contract (“interest rate cap” or “contract”) as a part of its asset liability management strategy to help manage its interest rate risk position. The interest rate cap had a notional amount of $300.0 million and a contractual maturity of March 1, 2025. The notional amount of the interest rate cap does not represent the amount exchanged by the parties. The amount exchanged was determined by reference to the notional amount and the other terms of the contract. The interest rate subject to the cap was 30-day LIBOR. The interest rate cap was designated as a cash flow hedge of certain deposit liabilities of the Company. The hedge was determined to be highly effective during 2022 until it was terminated in the third quarter of 2022. The unrecognized value of $12.7 million at termination will be released from Accumulated Other Comprehensive Income and recorded as a credit to Licensing fees expense through March 2025. The following tables reflect the derivatives recorded on the balance sheet (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Notional ​ ​ Fair ​ ​ ​ Amount ​ ​ Value At December 31, 2022 ​ ​ ​ ​ ​ ​ Derivatives designated as hedges: ​ ​ ​ ​ ​ ​ Interest rate caps related to customer deposits ​ $ — ​ $ — Total included in Other Assets ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ Derivatives designated as hedges: ​ ​ ​ ​ ​ ​ Interest rate caps related to customer deposits ​ $ 300,000 ​ $ 3,385 Total included in Other Assets ​ $ 300,000 ​ $ 3,385 ​ The effect of cash flow hedge accounting on accumulated other comprehensive income is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, ​ 2022 2021 2020 Interest rate caps related to customer deposits ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain (loss) recognized in OCI, net of tax ​ $ 8,131 ​ $ 2,059 ​ $ (1,311) Amount of gain (loss) reclassified from OCI into income ​ $ 1,949 ​ $ — ​ $ — Location of gain (loss) reclassified from OCI into income ​ Licensing fees ​ N/A ​ N/A ​ ​

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2022
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 22 – SUBSEQUENT EVENTS None. ​

PARENT COMPANY FINANCIAL INFORM

PARENT COMPANY FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2022
PARENT COMPANY FINANCIAL INFORMATION
PARENT COMPANY FINANCIAL INFORMATION	NOTE 23 — PARENT COMPANY FINANCIAL INFORMATION Condensed financial information for the Company (parent company only) is as follows (in thousands): Condensed Statements of Financial Condition ​ ​ ​ ​ ​ ​ ​ ​ At December 31, ​ 2022 2021 Assets ​ ​ Cash and due from banks ​ $ 9,476 ​ $ 32,328 Loans, net of allowance for loan losses ​ 776 ​ 776 Investments ​ 620 ​ 620 Investment in subsidiary bank, at equity ​ 584,522 ​ 569,327 Other assets ​ 1,520 ​ 6 Total assets ​ ​ 596,914 ​ ​ 603,057 ​ ​ ​ ​ ​ ​ ​ Liabilities and Stockholders’ Equity ​ ​ Trust preferred securities ​ 20,620 ​ 20,620 Subordinated debt payable, net of issuance costs ​ — ​ 24,712 Other liabilities ​ 397 ​ 736 Total liabilities ​ 21,017 ​ 46,068 ​ ​ ​ ​ ​ ​ ​ Stockholders’ Equity ​ ​ Preferred stock ​ — ​ — Common stock ​ 109 ​ 109 Surplus ​ 389,276 ​ 382,999 Retained earnings ​ 240,810 ​ 181,385 Accumulated other comprehensive income (loss), net of tax ​ (54,298) ​ (7,504) Total equity ​ 575,897 ​ 556,989 Total liabilities and stockholders’ equity ​ $ 596,914 ​ $ 603,057 ​ ​ Condensed Statements of Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2022 2021 2020 Income ​ ​ ​ Loans ​ $ 9 ​ $ 14 ​ $ 17 Securities and money market funds ​ ​ 25 ​ ​ 13 ​ ​ 18 Total interest income ​ 34 ​ 27 ​ 35 Interest expense ​ ​ ​ Trust preferred securities ​ 823 ​ 438 ​ 590 Subordinated debt ​ 605 ​ 1,618 ​ 1,618 Total interest expense ​ 1,428 ​ 2,056 ​ 2,208 Net interest expense ​ (1,394) ​ (2,029) ​ (2,173) Provision for loan losses ​ — ​ — ​ — Net interest expense after provision for loan losses ​ (1,394) ​ (2,029) ​ (2,173) Other expense ​ 2,767 ​ 1,288 ​ 2,338 Loss before undistributed earnings of subsidiary bank ​ (4,161) ​ (3,317) ​ (4,511) Equity in undistributed earnings of subsidiary bank ​ 62,357 ​ 62,798 ​ 42,844 Income before income tax benefit ​ 58,196 ​ 59,481 ​ 38,333 Income tax benefit ​ 1,229 ​ 1,074 ​ 1,133 Net income ​ $ 59,425 ​ $ 60,555 ​ $ 39,466 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Comprehensive income ​ $ 12,631 ​ $ 52,078 ​ $ 39,232 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Condensed Statement of Cash Flows ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2022 ​ 2021 ​ 2020 Cash Flows From Operating Activities ​ ​ ​ ​ ​ ​ Net income ​ $ 59,425 ​ $ 60,555 ​ $ 39,466 Adjustments to reconcile net income to net cash provided by (used in) operating activities: ​ ​ ​ Undistributed earnings of subsidiary bank ​ (62,357) ​ (58,798) ​ (42,844) Cash dividend from subsidiary bank ​ ​ — ​ ​ 4,000 ​ ​ — Other operating adjustments ​ ​ 6,351 ​ ​ (746) ​ ​ 2,438 Net cash provided by (used in) operating activities ​ 3,419 ​ 5,011 ​ (940) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash Flows From Investing Activities ​ ​ ​ Investments in subsidiary bank ​ ​ — ​ ​ (132,000) ​ ​ — Net cash provided by (used in) investing activities ​ — ​ (132,000) ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash Flows From Financing Activities ​ ​ ​ Redemption of common stock for tax withholdings for restricted stock vesting ​ ​ (1,559) ​ ​ (3,385) ​ ​ (881) Redemption of subordinated notes ​ ​ (24,712) ​ ​ — ​ ​ — Proceeds from issuance of common stock, net ​ ​ — ​ ​ 162,687 ​ ​ — Net cash provided by (used in) financing activities ​ (26,271) ​ 159,302 ​ (881) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Increase (decrease) in cash and cash equivalents ​ (22,852) ​ 32,313 ​ (1,821) Cash and cash equivalents, beginning of year ​ 32,328 ​ 15 ​ 1,836 Cash and cash equivalents, end of year ​ $ 9,476 ​ $ 32,328 ​ $ 15 ​

UNAUDITED QUARTERLY FINANCIAL D

UNAUDITED QUARTERLY FINANCIAL DATA	12 Months Ended
	Dec. 31, 2022
UNAUDITED QUARTERLY FINANCIAL DATA
UNAUDITED QUARTERLY FINANCIAL DATA	UNAUDITED QUARTERLY FINANCIAL DATA Selected Consolidated Quarterly Financial Data (dollars, except per share amounts, in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 Quarter Ended ​ December 31 September 30 June 30 March 31 Interest income ​ $ 80,554 ​ $ 70,057 ​ $ 59,158 ​ $ 50,970 Interest expense ​ 16,655 ​ 6,732 ​ 3,856 ​ 4,338 Net interest income ​ 63,899 ​ 63,325 ​ 55,302 ​ 46,632 Provision for loan losses ​ 2,309 ​ 2,007 ​ 2,400 ​ 3,400 Net interest income after provision for loan losses ​ 61,590 ​ 61,318 ​ 52,902 ​ 43,232 Non-interest income ​ 6,350 ​ 5,818 ​ 6,998 ​ 7,427 Non-interest expense ​ 66,659 ​ 31,190 ​ 26,269 ​ 24,619 Income before income taxes ​ 1,281 ​ 35,946 ​ 33,631 ​ 26,040 Income tax expense ​ 9,021 ​ 10,991 ​ 10,442 ​ 7,019 Net income (loss) ​ $ (7,740) ​ $ 24,955 ​ $ 23,189 ​ $ 19,021 Basic earnings (loss) per common share ​ $ (0.71) ​ $ 2.28 ​ $ 2.12 ​ $ 1.74 Diluted earnings (loss) per common share ​ $ (0.71) ​ $ 2.23 ​ $ 2.07 ​ $ 1.69 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 Quarter Ended ​ December 31 September 30 June 30 March 31 Interest income ​ $ 49,110 ​ $ 45,018 ​ $ 41,050 ​ $ 38,106 Interest expense ​ 4,300 ​ 4,226 ​ 4,077 ​ 3,680 Net interest income ​ 44,810 ​ 40,792 ​ 36,973 ​ 34,426 Provision for loan losses ​ 501 ​ 490 ​ 1,875 ​ 950 Net interest income after provision for loan losses ​ 44,309 ​ 40,302 ​ 35,098 ​ 33,476 Non-interest income ​ 7,057 ​ 5,891 ​ 6,156 ​ 4,593 Non-interest expense ​ 23,314 ​ 21,984 ​ 21,689 ​ 20,325 Income before income taxes ​ 28,052 ​ 24,209 ​ 19,565 ​ 17,744 Income tax expense ​ 9,165 ​ 7,994 ​ 6,229 ​ 5,627 Net income (loss) ​ $ 18,887 ​ $ 16,215 ​ $ 13,336 ​ $ 12,117 Basic earnings (loss) per common share ​ $ 1.74 ​ $ 1.82 ​ $ 1.59 ​ $ 1.46 Diluted earnings (loss) per common share ​ $ 1.69 ​ $ 1.77 ​ $ 1.55 ​ $ 1.43 ​

SUMMARY OF RECENT ACCOUNTING _2

SUMMARY OF RECENT ACCOUNTING PRONOUNCEMENTS (Policies)	12 Months Ended
	Dec. 31, 2022
SUMMARY OF RECENT ACCOUNTING PRONOUNCEMENTS
Use of Estimates	Use of Estimates In preparing the financial statements in conformity with GAAP, management has made estimates and assumptions based on available information. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reported periods. Actual results could differ from those estimated. Information available which could affect these judgments include, but are not limited to, changes in interest rates, changes in the performance of the economy, and changes in the financial condition of borrowers.
Cash Flows	Cash Flows Cash and cash equivalents are defined as cash on hand and amounts due from banks and money market funds. Net cash flows are reported for customer loan and deposit transactions, and other investments. ​
Securities	Securities Debt securities are classified as HTM and carried at amortized cost when management has the positive intent and ability to hold them to maturity. Debt securities are classified as AFS when they might be sold before maturity. Securities classified as AFS are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income, net of tax. Equity securities with readily determinable fair values are carried at fair value, with changes in fair value reported in net income. Interest income includes amortization of purchase premiums or discounts. Premiums and discounts on securities are amortized using the level yield method without anticipating prepayments, except for MBS where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Gains and losses on sales of securities are recognized in the consolidated statements of operations upon sale. Management evaluates AFS and HTM securities for OTTI on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: (1) OTTI related to credit loss, which must be recognized in the statement of operations and (2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis.
Receivable from Global Payments Business, Net	Receivable from Global Payments Business, Net Receivables from the global payments business are predominantly related to prepaid credit card programs.
Revenue Recognition	Revenue Recognition Any revenues from contracts with customers, which are not exempt from the accounting requirements under ASC 606, Revenue from Contracts with Customers, are accounted for using the five-step method prescribed by the ASC. These revenue items are debit card income, service charges on deposit accounts and other service charges. In accordance with the ASC, revenue is recognized when a customer obtains control of promised services. The amount of revenue recognized reflects the consideration which the Company expects to be entitled to receive in exchange for these services. The Company applies the following five steps to properly recognize revenue: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The majority of the Company’s revenue is derived from interest income on loans, which is not subject to the ASC.
Licensing Fees	Licensing Fees Licensing fees on certain deposit accounts held by bankruptcy trustees are expensed as incurred. These accounts require the use of a software interface provided by a third party. Bankruptcy accounts subject to the licensing fees amounted to $425.3 million and $934.3 million at December 31, 2022 and 2021, respectively. ​
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Transfers of financial assets that do not meet the criteria to be accounted for as sales are recorded as secured borrowings.
Loans and Allowance for Loan Losses	Loans and Allowance for Loan Losses Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at their outstanding principal balances, adjusted for any charge-offs, and any deferred fees or costs on originated loans. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments. The ALLL is maintained at an amount management deems adequate to cover probable incurred credit losses. In determining the level to be maintained, management evaluates many factors, including current economic trends, industry experience, historical loss experience, loan concentrations, the borrower’s ability to repay and repayment performance and estimated collateral values. Loan losses are charged-off against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the ALLL. A loan is considered to be impaired when it is probable that the Company will be unable to collect all principal and interest amounts according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. If a loan is impaired, impairment is measured at the present value of estimated future cash flows using the loan’s effective interest rate or at the fair value of collateral if repayment is expected solely from the collateral. All commercial and CRE loans are individually evaluated for credit risk at least annually, and all classified loans are individually evaluated for impairment quarterly. Large groups of smaller balance homogenous loans such as residential real estate loans are collectively evaluated for impairment, and accordingly, are not separately evaluated for impairment disclosures unless an individual loan is classified. The allowance for non-impaired loans is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over a rolling two-year period. This actual loss experience is supplemented with other qualitative and economic factors based on the risks present for each portfolio segment. These qualitative and economic factors include economic and business conditions, the nature and volume of the portfolio, and lending terms and volume and severity of past due loans. While management uses available information to recognize losses on loans, future additions to the allowance may be necessary, based on changes in economic conditions or any other factors used in management’s determination. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the Company’s ALLL. When a loan is modified and concessions have been made to the original contractual terms, such as reductions in interest rate or deferral of interest or principal payments, due to the borrower’s financial condition, the modification is known as a TDR. TDRs are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a TDR is a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For TDRs that subsequently default, the Company determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses. On March 22, 2020, the banking regulators and the FASB issued guidance to financial institutions who were working with borrowers affected by COVID-19 (the “COVID-19 Guidance”). The COVID-19 Guidance indicated that regulatory agencies will not criticize institutions for working with borrowers and will not direct banks to automatically categorize all COVID-19 related loan modifications as TDRs. In addition, the COVID-19 Guidance noted that modification or deferral programs mandated by the federal or a state government related to COVID-19 would not be in the scope of Accounting Standards Codification Subtopic 310-40 – Receivables – Troubled Debt Restructurings by Creditors (“ASC 310-40”), such as state programs that require all institutions within that state to suspend mortgage payments for a specified period. On March 27, 2020, the CARES Act was signed into law. Section 4013 of the CARES Act, “Temporary Relief from Troubled Debt Restructurings,” allowed banks to temporarily suspend certain requirements under GAAP related to TDRs for a limited period that ended on January 1, 2022. During this period, a bank may have elected to account for modifications on certain loans under Section 4013 of the CARES Act or, if a loan modification is not eligible under Section 4013, a bank may use the criteria in the COVID-19 Guidance to determine when a loan modification is not a TDR in accordance with ASC 310-40. Interest income on loans is accrued and credited to operations based upon the principal amounts outstanding. Loans are normally placed on non-accrual when a loan is determined to be impaired or when principal or interest is delinquent for 90 days or more. Delinquent status is based on the contractual terms of the loan. Any unpaid interest previously accrued on those loans is reversed from income. Interest payments received on such loans are applied as a reduction of the loan principal balance when the collectability of principal, wholly or partially, is in doubt. Interest payments received may be deferred on non-accrual loans in which the principal balance is deemed to be collectible. Interest income is recognized when all the principal and interest amounts contractually due are brought current and the loans are returned to accrual status. The following portfolio segments have been identified: CRE loans, Construction loans, Multi-Family loans, One-to Four -Family loans, C&I, and Consumer loans. The risk characteristics of each of the identified portfolio segments are as follows: Commercial Real Estate —  Construction —  construction phase, a number of factors could result in delays and cost overruns. If the estimate of construction costs proves to be inaccurate, additional funds may be required to be advanced in excess of the amount originally committed to permit completion of the building. If the estimate of value proves to be inaccurate, the value of the building may be insufficient to assure full repayment if liquidation is required. If foreclosure is required on a building before or at completion due to a default, there can be no assurance that all of the unpaid balance of, and accrued interest on, the loan as well as related foreclosure and holding costs will be recovered. Multi-family —  One-to Four-Family —  Commercial & Industrial —  Consumer —
Goodwill	Goodwill Goodwill and certain other intangibles generally arise from business combinations accounted for under the purchase method of accounting. Goodwill and other intangibles deemed to have indefinite lives generated from business combinations are not subject to amortization and are instead tested for impairment not less than annually or more frequently if events and circumstances exist that indicate that a goodwill impairment test should be performed. The Company changed its annual goodwill impairment testing date from December 31 to October 1 to better align with the timing of our annual planning process. Accordingly, management determined that the change in accounting principle is preferable under the circumstance. This change has been applied starting with the October 1, 2022 impairment test. This change was not material to our consolidated financial statements as it did not delay, accelerate, or avoid any potential goodwill impairment charges. The goodwill of $9.7 million is associated with a purchase of the prepaid third-party debit card business. Based on the Company’s annual impairment assessments no impairment of goodwill existed as of October 1, 2022 or December 31, 2021.
Stock-Based Compensation	Stock-Based Compensation Compensation cost is recognized for stock options, restricted stock awards and restricted stock units, based on the fair value of these awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of options. The market price of the Company’s common stock at the date of grant is used for restricted stock awards and restricted stock units. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with time-based vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. The Company also awards PRSUs to employees. The PRSUs are classified as either equity or a liability, depending on certain criteria provided in ASC 718, Stock Based Compensation. This classification affects whether the measurement of fair value is fixed (i.e., measured only once) on the grant date or whether fair value will be remeasured each reporting period until settled. On the grant date, the estimate of equity-classified awards’ fair value would be fixed, the cumulative amount of previously recognized compensation cost would be adjusted, and the Company would no longer have to remeasure the award. If the award is liability-classified, the awards would continue to be marked to fair value each reporting period until settlement. The Company recognizes compensation cost for awards with performance conditions if and when it concludes that it is probable that the performance conditions will be achieved. The Company assesses the probability of vesting (i.e., that the performance conditions will be met) at each reporting period and, if required, adjusts compensation cost based on its probability assessment.
Concentrations of Credit Risk	Concentrations of Credit Risk Financial instruments, which potentially subject the Company to concentration of credit risk, consist primarily of temporary cash investments including due from banks, interest-bearing deposits with banks and real estate loans receivable. A significant portion of real estate loans are collateralized by property in the New York Metropolitan area. The ultimate collectability of these loans may be susceptible to changes in the real estate market in this area.
Leases	Leases As of December 31, 2022, the Company follows ASC 842, Leases. The Company’s real estate leases are recognized as operating leases. The related ROU lease assets and liabilities are recognized to reflect our right to use the underlying assets and contractual obligations associated with future rent payments. ROU assets are included in other assets and lease liabilities are included in other liabilities on the consolidated statements of financial condition. Operating lease expense for lease payments is recognized on a straight-line basis over the lease term. On a periodic basis, ROU assets are assessed for impairment and an impairment loss would be recognized if the carrying amount of the ROU asset is not recoverable. See “NOTE 3 — SUMMARY OF RECENT ACCOUNTING PRONOUNCEMENTS, Prior to 2022, operating leases were not recognized on the Company’s consolidated statements of financial condition. Operating lease expense for lease payments were recognized on a straight-line basis over the lease term in the Company’s consolidated statements of operations.
Premises and Equipment	Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is computed over the estimated useful lives of the assets by the straight-line method with useful lives ranging from three
Other Investments	Other Investments Other investments include FRB and FHLB stock. The Company is a member of the FRB and the FHLB system. FHLB members are required to own membership stock and purchase activity-based stock that is based on the level of outstanding borrowings. FRB and FHLB stock are carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. The Company held FRB and FHLB stock of $11.4 million and $9.2 million, respectively, as of December 31, 2022. As of December 31, 2021, the Company held FRB and FHLB stock of $7.4 million and $3.1 million, respectively. Other investments also include a $1.0 million investment in The Disability Opportunity Fund, which is an equity equivalent investment in a community development financial institution.
Derivatives	Derivatives During 2020, the Company entered into an interest rate cap derivative that, based on the Company’s intentions and belief as to the likely effectiveness as a hedge, was designated as a cash flow hedge. A cash flow hedge is a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. For a cash flow hedge, the gain or loss on the derivative is reported in accumulated other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. Changes in the fair value of the derivative that are not highly effective in hedging the changes in expected cash flows of the hedged item are recognized immediately in current earnings. The amounts are reclassified to earnings in the same income statement line item that is used to present the earnings effect of the hedged item when the hedged item affects earnings. The Company formally documents the relationship between derivatives and hedged items, as well as the risk management objective and the strategy for undertaking hedged transactions at the inception of the hedging relationship. The documentation includes linking the cash flow hedges to specific assets and liabilities on the balance sheet or to specific forecasted transactions or group of forecasted transactions. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, or treatment of the derivative as a hedge is no longer appropriate or intended. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were in accumulated other comprehensive income are amortized into earnings over the same periods in which the hedged transactions will affect earnings. If the forecasted transaction is deemed probable to not occur, the derivative gain or loss reported in accumulated other comprehensive income is reclassified into current earnings.
Comprehensive Income	Comprehensive Income Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses and reclassification to earnings related to AFS securities and unrealized gain (loss) related to the cash flow hedges.
Restrictions on Cash	Restrictions on Cash Cash on hand or on deposit with the FRB to meet regulatory reserve and clearing requirements was $226.7 million and $2.3 billion as of December 31, 2022 and 2021, respectively. Also included in cash was $13.3 million and $10.8 million of cash held in escrow and collateral accounts for third-party debit card program managers at December 31, 2022 and 2021, respectively. Additionally, there was $693,000 and $683,000 of cash pledged for a related collateral account at December 31, 2022 and 2021, respectively.
Earnings per Common Share	Earnings per Common Share Basic earnings per common share is computed by dividing net income available to common stockholders by the weighted average number of shares outstanding during the applicable period, including outstanding participating securities. Diluted earnings per common share is computed using the weighted average number shares determined for the basic computation plus the dilutive effect of potential common shares issuable under certain stock compensation plans. Unvested share-based awards and preferred shares that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and are included in the computation of earnings per share pursuant to the two-class method.
Income Taxes	Income Taxes Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities as measured by the enacted tax rates which will be in effect when these differences reverse. A valuation allowance is recorded, as necessary, to reduce deferred tax assets to an estimated amount expected to be realized. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company recognizes interest and/or penalties related to income tax matters in income tax expense.
Loan Commitments and Related Financial Instruments	Loan Commitments and Related Financial Instruments Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in a separate note. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of liquid markets for certain items. Changes in assumptions or in market conditions could significantly affect the estimates.
Loss Contingencies	Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated.
Reclassifications	Reclassifications Some items in the prior year financial statements may have been reclassified to conform to the current presentation. Reclassification had no effect on prior year net income or stockholders’ equity.
Operating segments	Operating segment While department heads monitor the revenue streams of the various products and services, operations are managed and financial performance is evaluated on a Company-wide basis. Accordingly, all of the financial service operations are considered by management to be aggregated in one reportable operating segment.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2022
INVESTMENT SECURITIES
Schedule of amortized cost and fair value of securities available-for-sale and securities held-to-maturity	The following tables summarizes the amortized cost and fair value of AFS and HTM debt securities and equity investments and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and gross unrecognized gains and losses recognized in earnings (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ ​ ​ ​ Unrealized/ ​ Unrealized/ ​ ​ ​ ​ ​ Amortized ​ Unrecognized ​ Unrecognized ​ ​ ​ At December 31, 2022 Cost Gains Losses Fair Value Available-for-Sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agency securities ​ $ 67,996 ​ $ — ​ $ (8,624) ​ $ 59,372 U.S. State and Municipal securities ​ ​ 11,649 ​ ​ — ​ ​ (2,437) ​ ​ 9,212 Residential MBS ​ ​ 413,998 ​ ​ 279 ​ ​ (75,729) ​ ​ 338,548 Commercial MBS ​ ​ 37,069 ​ ​ 10 ​ ​ (2,229) ​ ​ 34,850 Asset-backed securities ​ ​ 3,953 ​ ​ — ​ ​ (188) ​ ​ 3,765 Total securities available-for-sale ​ $ 534,665 ​ $ 289 ​ $ (89,207) ​ $ 445,747 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held-to-Maturity Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 29,852 ​ $ — ​ $ (2,223) ​ $ 27,629 U.S. State and Municipal securities ​ ​ 15,814 ​ ​ — ​ ​ (2,609) ​ ​ 13,205 Residential MBS ​ ​ 456,648 ​ ​ — ​ ​ (67,027) ​ ​ 389,621 Commercial MBS ​ ​ 8,111 ​ ​ — ​ ​ (1,276) ​ ​ 6,835 Total securities held-to-maturity ​ $ 510,425 ​ $ — ​ $ (73,135) ​ $ 437,290 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity Investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CRA Mutual Fund ​ $ 2,358 ​ $ — ​ $ (310) ​ $ 2,048 Total equity investment securities ​ $ 2,358 ​ $ — ​ $ (310) ​ $ 2,048 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ ​ ​ ​ Unrealized/ ​ Unrealized/ ​ ​ ​ ​ ​ Amortized ​ Unrecognized ​ Unrecognized ​ ​ ​ At December 31, 2021 Cost Gains Losses Fair Value Available-for-Sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agency securities ​ $ 67,994 ​ $ — ​ $ (1,660) ​ $ 66,334 U.S. State and Municipal securities ​ ​ 11,799 ​ ​ — ​ ​ (300) ​ ​ 11,499 Residential MBS ​ ​ 476,393 ​ ​ 623 ​ ​ (10,465) ​ ​ 466,551 Commercial MBS ​ ​ 17,787 ​ ​ 219 ​ ​ (379) ​ ​ 17,627 Asset-backed securities ​ ​ 4,635 ​ ​ — ​ ​ (22) ​ ​ 4,613 Total securities available-for-sale ​ $ 578,608 ​ $ 842 ​ $ (12,826) ​ $ 566,624 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held-to-Maturity Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 29,811 ​ $ 6 ​ $ (43) ​ $ 29,774 U.S. State and Municipal securities ​ ​ 16,055 ​ ​ 299 ​ ​ — ​ ​ 16,354 Residential MBS ​ ​ 328,095 ​ ​ 105 ​ ​ (2,259) ​ ​ 325,941 Commercial MBS ​ ​ 8,138 ​ ​ — ​ ​ (99) ​ ​ 8,039 Total securities held-to-maturity ​ $ 382,099 ​ $ 410 ​ $ (2,401) ​ $ 380,108 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity Investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CRA Mutual Fund ​ $ 2,326 ​ $ — ​ $ (53) ​ $ 2,273 Total equity investment securities ​ $ 2,326 ​ $ — ​ $ (53) ​ $ 2,273 ​
Schedule of proceeds from sales and calls of securities and associated gains	The following table summarizes the proceeds and associated gains and (losses) from sales and calls of securities (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, ​ 2022 2021 ​ 2020 Proceeds ​ $ — ​ $ 43,241 ​ $ 141,422 Gross gains ​ $ — ​ $ 609 ​ $ 3,286 Tax impact ​ $ — ​ $ (197) ​ $ (1,036) ​
Schedule of amortized cost and fair value of debt securities classified by contractual maturity	The tables below summarize, by contractual maturity, the amortized cost and fair value of debt securities. The tables do not include the effect of principal repayments or scheduled principal amortization. Equity securities, primarily investment in mutual funds, have been excluded from the table. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held-to-Maturity ​ Available-for-Sale At December 31, 2022 Amortized Cost Fair Value Amortized Cost Fair Value Due within 1 year ​ $ — ​ $ — ​ $ — ​ $ — After 1 year through 5 years ​ ​ 29,852 ​ ​ 27,630 ​ ​ 54,736 ​ ​ 48,959 After 5 years through 10 years ​ ​ 9,505 ​ ​ 8,130 ​ ​ 36,043 ​ ​ 32,872 After 10 years ​ ​ 471,068 ​ ​ 401,530 ​ ​ 443,886 ​ ​ 363,916 Total Securities ​ $ 510,425 ​ $ 437,290 ​ $ 534,665 ​ $ 445,747 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held-to-Maturity ​ Available-for-Sale At December 31, 2021 Amortized Cost Fair Value Amortized Cost Fair Value Due within 1 year ​ $ — ​ $ — ​ $ — ​ $ — After 1 year through 5 years ​ ​ 29,811 ​ ​ 29,774 ​ ​ 48,515 ​ ​ 47,370 After 5 years through 10 years ​ ​ 9,973 ​ ​ 9,912 ​ ​ 36,242 ​ ​ 36,024 After 10 years ​ ​ 342,315 ​ ​ 340,422 ​ ​ 493,851 ​ ​ 483,230 Total Securities ​ $ 382,099 ​ $ 380,108 ​ $ 578,608 ​ $ 566,624 ​
Schedule of securities with unrealized/unrecognized losses	Debt securities with unrealized/unrecognized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 Months ​ 12 Months or More ​ Total ​ ​ ​ ​ ​ Unrealized/ ​ ​ ​ ​ Unrealized/ ​ ​ ​ ​ Unrealized/ ​ ​ Estimated ​ Unrecognized ​ Estimated ​ Unrecognized ​ Estimated ​ Unrecognized At December 31, 2022 Fair Value Losses Fair Value Losses Fair Value Losses Available-for-Sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agency securities ​ $ — ​ $ — ​ $ 59,372 ​ $ (8,624) ​ $ 59,372 ​ $ (8,624) U.S. State and Municipal securities ​ ​ 2,546 ​ ​ (527) ​ ​ 6,666 ​ ​ (1,910) ​ ​ 9,212 ​ ​ (2,437) Residential MBS ​ ​ 19,576 ​ ​ (1,654) ​ ​ 305,936 ​ ​ (74,075) ​ ​ 325,512 ​ ​ (75,729) Commercial MBS ​ ​ 13,406 ​ ​ (198) ​ ​ 11,386 ​ ​ (2,031) ​ ​ 24,792 ​ ​ (2,229) Asset-backed securities ​ ​ — ​ ​ — ​ ​ 3,765 ​ ​ (188) ​ ​ 3,765 ​ ​ (188) Total securities available-for-sale ​ $ 35,528 ​ $ (2,379) ​ $ 387,125 ​ $ (86,828) ​ $ 422,653 ​ $ (89,207) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held-to-Maturity Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 18,683 ​ $ (1,365) ​ $ 8,946 ​ $ (858) ​ $ 27,629 ​ $ (2,223) U.S. State and Municipal securities ​ ​ 13,205 ​ ​ (2,609) ​ ​ — ​ ​ — ​ ​ 13,205 ​ ​ (2,609) Residential MBS ​ ​ 162,960 ​ ​ (19,625) ​ ​ 226,661 ​ ​ (47,402) ​ ​ 389,621 ​ ​ (67,027) Commercial MBS ​ ​ — ​ ​ — ​ ​ 6,835 ​ ​ (1,276) ​ ​ 6,835 ​ ​ (1,276) Asset-backed securities ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total securities held-to-maturity ​ $ 194,848 ​ $ (23,599) ​ $ 242,442 ​ $ (49,536) ​ $ 437,290 ​ $ (73,135) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 Months ​ 12 Months or More ​ Total ​ ​ ​ ​ ​ Unrealized/ ​ ​ ​ ​ Unrealized/ ​ ​ ​ ​ Unrealized/ ​ ​ Estimated ​ Unrecognized ​ Estimated ​ Unrecognized ​ Estimated ​ Unrecognized At December 31, 2021 Fair Value Losses Fair Value Losses Fair Value Losses Available-for-Sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agency securities ​ $ 29,267 ​ $ (730) ​ $ 37,067 ​ $ (930) ​ $ 66,334 ​ $ (1,660) U.S. State and Municipal securities ​ ​ 8,372 ​ ​ (300) ​ ​ — ​ ​ — ​ ​ 8,372 ​ ​ (300) Residential MBS ​ ​ 423,686 ​ ​ (9,727) ​ ​ 12,931 ​ ​ (738) ​ ​ 436,617 ​ ​ (10,465) Commercial MBS ​ ​ 11,202 ​ ​ (296) ​ ​ 3,511 ​ ​ (83) ​ ​ 14,713 ​ ​ (379) Asset-backed securities ​ ​ 4,613 ​ ​ (22) ​ ​ — ​ ​ — ​ ​ 4,613 ​ ​ (22) Total securities available-for-sale ​ $ 477,140 ​ $ (11,075) ​ $ 53,509 ​ $ (1,751) ​ $ 530,649 ​ $ (12,826) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held-to-Maturity Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 9,697 ​ $ (43) ​ $ — ​ $ — ​ $ 9,697 ​ $ (43) Residential MBS ​ ​ 301,896 ​ ​ (2,259) ​ ​ — ​ ​ — ​ ​ 301,896 ​ ​ (2,259) Commercial MBS ​ ​ 8,039 ​ ​ (99) ​ ​ — ​ ​ — ​ ​ 8,039 ​ ​ (99) Total securities held-to-maturity ​ $ 319,632 ​ $ (2,401) ​ $ — ​ $ — ​ $ 319,632 ​ $ (2,401) ​

LOANS (Tables)

LOANS (Tables)	12 Months Ended
	Dec. 31, 2022
LOANS
Schedule of Net loans	Loans, net of deferred fees and costs, consist of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, ​ 2022 ​ 2021 Real estate ​ ​ ​ ​ ​ ​ Commercial ​ $ 3,254,508 ​ $ 2,488,382 Construction ​ ​ 143,693 ​ ​ 151,791 Multi-family ​ ​ 468,540 ​ ​ 355,290 One-to four-family ​ ​ 53,207 ​ ​ 57,163 Total real estate loans ​ ​ 3,919,948 ​ ​ 3,052,626 Commercial and industrial ​ ​ 908,616 ​ ​ 654,535 Consumer ​ ​ 24,931 ​ ​ 32,366 Total loans ​ ​ 4,853,495 ​ ​ 3,739,527 Deferred fees, net of origination costs ​ ​ (12,972) ​ ​ (7,598) Loans, net of deferred fees and costs ​ ​ 4,840,523 ​ ​ 3,731,929 Allowance for loan losses ​ ​ (44,876) ​ ​ (34,729) Net loans ​ $ 4,795,647 ​ $ 3,697,200
Schedule of changes in the allowance for loan losses by portfolio segment	The following tables present the activity in the ALLL by segment. The portfolio segments represent the categories that the Company uses to determine its ALLL (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ ​ One-to four- ​ ​ ​ ​ ​ ​ Year ended December 31, 2022 Real Estate & Industrial Construction Multi-family Family Consumer Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 22,216 ​ $ 7,708 ​ $ 2,105 ​ $ 2,156 ​ $ 140 ​ $ 404 ​ $ 34,729 Provision (credit) for loan losses ​ ​ 7,280 ​ ​ 2,540 ​ ​ (122) ​ ​ 667 ​ ​ (35) ​ ​ (214) ​ ​ 10,116 Loans charged-off ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Recoveries ​ ​ — ​ ​ 26 ​ ​ — ​ ​ — ​ ​ — ​ ​ 5 ​ ​ 31 Total ending allowance balance ​ $ 29,496 ​ $ 10,274 ​ $ 1,983 ​ $ 2,823 ​ $ 105 ​ $ 195 ​ $ 44,876 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ ​ One-to four- ​ ​ ​ ​ ​ ​ Year ended December 31, 2021 Real Estate & Industrial Construction Multi-family Family Consumer Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 17,243 ​ $ 12,123 ​ $ 1,593 ​ $ 2,661 ​ $ 206 ​ $ 1,581 ​ $ 35,407 Provision (credit) for loan losses ​ ​ 4,973 ​ ​ 24 ​ ​ 512 ​ ​ (505) ​ ​ (66) ​ ​ (1,122) ​ ​ 3,816 Loans charged-off ​ ​ — ​ ​ (4,764) ​ ​ — ​ ​ — ​ ​ — ​ ​ (55) ​ ​ (4,819) Recoveries ​ ​ — ​ ​ 325 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 325 Total ending allowance balance ​ $ 22,216 ​ $ 7,708 ​ $ 2,105 ​ $ 2,156 ​ $ 140 ​ $ 404 ​ $ 34,729 ​
Schedule of allowance for loan losses and the recorded investment in loans by portfolio segment	The following tables present the balance in the ALLL and the recorded investment in loans by portfolio segment based on impairment method (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ One-to four- ​ ​ ​ ​ ​ ​ At December 31, 2022 Real Estate & Industrial Construction Multi-family Family Consumer Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 24 ​ $ 24 Collectively evaluated for impairment ​ ​ 29,496 ​ ​ 10,274 ​ ​ 1,983 ​ ​ 2,823 ​ ​ 105 ​ ​ 171 ​ ​ 44,852 Total ending allowance balance ​ $ 29,496 ​ $ 10,274 ​ $ 1,983 ​ $ 2,823 ​ $ 105 ​ $ 195 ​ $ 44,876 Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 26,740 ​ $ — ​ $ — ​ $ — ​ $ 899 ​ $ 24 ​ $ 27,663 Collectively evaluated for impairment ​ ​ 3,227,768 ​ ​ 908,616 ​ ​ 143,693 ​ ​ 468,540 ​ ​ 52,308 ​ ​ 24,907 ​ ​ 4,825,832 Total ending loan balance ​ $ 3,254,508 ​ $ 908,616 ​ $ 143,693 ​ $ 468,540 ​ $ 53,207 ​ $ 24,931 ​ $ 4,853,495 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ One-to four- ​ ​ ​ ​ ​ ​ At December 31, 2021 Real Estate & Industrial Construction Multi-family Family Consumer Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 26 ​ $ 170 ​ $ 196 Collectively evaluated for impairment ​ ​ 22,216 ​ ​ 7,708 ​ ​ 2,105 ​ ​ 2,156 ​ ​ 114 ​ ​ 234 ​ ​ 34,533 Total ending allowance balance ​ $ 22,216 ​ $ 7,708 ​ $ 2,105 ​ $ 2,156 ​ $ 140 ​ $ 404 ​ $ 34,729 Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 38,518 ​ $ — ​ $ — ​ $ — ​ $ 946 ​ $ 302 ​ $ 39,766 Collectively evaluated for impairment ​ ​ 2,449,864 ​ ​ 654,535 ​ ​ 151,791 ​ ​ 355,290 ​ ​ 56,217 ​ ​ 32,064 ​ ​ 3,699,761 Total ending loan balance ​ $ 2,488,382 ​ $ 654,535 ​ $ 151,791 ​ $ 355,290 ​ $ 57,163 ​ $ 32,366 ​ $ 3,739,527 ​
Schedule of loans determined to be impaired by class of loans	The following tables present loans individually evaluated for impairment (in thousands). The recorded investment in loans excludes accrued interest receivable and loan origination fees. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2022 ​ Year ended December 31, 2022 ​ ​ ​ ​ ​ ​ Allowance ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ ​ ​ for Loan ​ Average ​ Interest ​ ​ Principal ​ Recorded ​ Losses ​ Recorded ​ Income ​ Balance Investment Allocated ​ Investment Recognized With an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ $ 24 ​ $ 24 ​ $ 24 ​ ​ 79 ​ ​ — Total ​ $ 24 ​ $ 24 ​ $ 24 ​ $ 79 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Without an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to four-family ​ $ 1,176 ​ $ 899 ​ $ — ​ $ 832 ​ $ 31 CRE ​ ​ 27,984 ​ ​ 26,740 ​ ​ — ​ ​ 30,142 ​ ​ 1,041 Total ​ $ 29,160 ​ $ 27,639 ​ $ — ​ $ 30,974 ​ $ 1,072 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ Year ended December 31, 2021 ​ ​ ​ ​ ​ ​ Allowance ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ ​ ​ for Loan ​ Average ​ Interest ​ ​ Principal ​ Recorded ​ Losses ​ Recorded ​ Income ​ Balance Investment Allocated ​ Investment Recognized With an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to four-family ​ $ 577 ​ $ 447 ​ $ 26 ​ $ 462 ​ $ 21 Consumer ​ ​ 302 ​ ​ 302 ​ ​ 170 ​ ​ 1,766 ​ ​ 84 C&I ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,726 ​ ​ — Total ​ $ 879 ​ $ 749 ​ $ 196 ​ $ 4,954 ​ $ 105 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Without an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to four-family ​ $ 646 ​ $ 499 ​ $ — ​ $ 509 ​ $ 26 CRE ​ ​ 38,518 ​ ​ 38,518 ​ ​ — ​ ​ 15,975 ​ ​ 325 C&I ​ ​ — ​ ​ — ​ ​ — ​ ​ 77 ​ ​ — Total ​ $ 39,164 ​ $ 39,017 ​ $ — ​ $ 16,561 ​ $ 351 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2020 ​ Year ended December 31, 2020 ​ ​ ​ ​ ​ ​ ​ Allowance ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ for Loan ​ Average ​ Interest ​ ​ Principal ​ ​ Recorded ​ Losses ​ Recorded ​ Income ​ Balance ​ Investment Allocated ​ Investment Recognized With an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to four-family ​ $ 610 ​ ​ $ 480 ​ $ 53 ​ $ 491 ​ $ 19 Consumer ​ ​ 2,197 ​ ​ ​ 2,197 ​ ​ 1,203 ​ ​ 1,503 ​ ​ 88 C&I ​ ​ 4,192 ​ ​ ​ 4,192 ​ ​ 3,662 ​ ​ 3,456 ​ ​ — Total ​ $ 6,999 ​ ​ $ 6,869 ​ $ 4,918 ​ $ 5,450 ​ $ 107 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Without an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to four-family ​ $ 666 ​ ​ $ 519 ​ $ — ​ $ 996 ​ $ 20 CRE ​ ​ 10,345 ​ ​ ​ 10,345 ​ ​ — ​ ​ 2,360 ​ ​ 38 C&I ​ ​ — ​ ​ ​ — ​ ​ — ​ ​ 951 ​ ​ — Total ​ $ 11,011 ​ ​ $ 10,864 ​ $ — ​ $ 4,307 ​ $ 58 ​
Schedule of recorded investment in non-accrual loans, loans past due over 90 days and still accruing by class of loans	The following tables present the recorded investment in non-accrual loans, loans past due over 90 days and still accruing by class of loans (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Past Due ​ ​ ​ ​ ​ Over 90 Days At December 31, 2022 Nonaccrual ​ Still Accruing Consumer ​ $ 24 ​ $ — Total ​ $ 24 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Past Due ​ ​ ​ ​ ​ Over 90 Days At December 31, 2021 ​ ​ Nonaccrual ​ Still Accruing Commercial real estate ​ $ 9,984 ​ $ — Consumer ​ ​ 37 ​ ​ 265 Total ​ $ 10,021 ​ $ 265 ​
Schedule of aging of the recorded investment in past due loans by class of loans	The following table presents the aging of the recorded investment in past due loans by class of loans (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 ​ ​ ​ ​ ​ ​ ​ ​ 30-59 ​ 60-89 ​ Days and ​ Total past ​ Current ​ ​ At December 31, 2022 Days Days greater due loans Total Commercial real estate ​ $ — ​ $ 24,000 ​ $ — ​ $ 24,000 ​ $ 3,230,508 ​ $ 3,254,508 Commercial & industrial ​ ​ 37 ​ ​ — ​ ​ — ​ ​ 37 ​ ​ 908,579 ​ ​ 908,616 Construction ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 143,693 ​ ​ 143,693 Multi-family ​ ​ 8,000 ​ ​ — ​ ​ — ​ ​ 8,000 ​ ​ 460,540 ​ ​ 468,540 One-to four-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 53,207 ​ ​ 53,207 Consumer ​ ​ 21 ​ ​ — ​ ​ 24 ​ ​ 45 ​ ​ 24,886 ​ ​ 24,931 Total ​ $ 8,058 ​ $ 24,000 ​ $ 24 ​ $ 32,082 ​ $ 4,821,413 ​ $ 4,853,495 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 ​ ​ ​ ​ ​ ​ ​ ​ 30-59 ​ 60-89 ​ Days and ​ Total past ​ Current ​ ​ At December 31, 2021 Days Days greater due loans Total Commercial real estate ​ $ — ​ $ — ​ $ 9,984 ​ $ 9,984 ​ $ 2,478,398 ​ $ 2,488,382 Commercial & industrial ​ ​ 151 ​ ​ — ​ ​ — ​ ​ 151 ​ ​ 654,384 ​ ​ 654,535 Construction ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 151,791 ​ ​ 151,791 Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 355,290 ​ ​ 355,290 One-to four-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 57,163 ​ ​ 57,163 Consumer ​ ​ 93 ​ ​ 94 ​ ​ 302 ​ ​ 489 ​ ​ 31,877 ​ ​ 32,366 Total ​ $ 244 ​ $ 94 ​ $ 10,286 ​ $ 10,624 ​ $ 3,728,903 ​ $ 3,739,527 ​
Schedule of recorded investment in TDRs by class of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2022 ​ 2021 Commercial real estate ​ $ 325 ​ $ 342 One-to four-family ​ ​ 899 ​ ​ 946 Total ​ $ 1,224 ​ $ 1,288
Schedule of risk category of loans by class of loans	Loans not meeting the criteria above are classified as pass-rated loans. Based on the most recent analysis performed, the risk category of loans by class of loans is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2022 Pass Mention Substandard Doubtful ​ ​ Total Commercial real estate ​ $ 3,192,212 ​ $ 35,881 ​ $ 26,415 ​ $ — ​ $ 3,254,508 Commercial & industrial ​ ​ 876,867 ​ ​ 31,749 ​ ​ — ​ ​ — ​ ​ 908,616 Construction ​ ​ 143,693 ​ ​ — ​ ​ — ​ ​ — ​ ​ 143,693 Multi-family ​ ​ 468,540 ​ ​ — ​ ​ — ​ ​ — ​ ​ 468,540 Total ​ $ 4,681,312 ​ $ 67,630 ​ $ 26,415 ​ $ — ​ $ 4,775,357 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 Pass Mention Substandard Doubtful ​ ​ Total Commercial real estate ​ $ 2,449,864 ​ $ 342 ​ $ 38,176 ​ $ — ​ $ 2,488,382 Commercial & industrial ​ ​ 646,251 ​ ​ 4,177 ​ ​ 4,107 ​ ​ — ​ ​ 654,535 Construction ​ ​ 151,791 ​ ​ — ​ ​ — ​ ​ — ​ ​ 151,791 Multi-family ​ ​ 355,290 ​ ​ — ​ ​ — ​ ​ — ​ ​ 355,290 Total ​ $ 3,603,196 ​ $ 4,519 ​ $ 42,283 ​ $ — ​ $ 3,649,998 ​

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2022
LEASES
Schedule of components of lease costs	The Company leases its corporate office, banking centers and loan production offices. The following tables present the Company’s lease cost and other information related to its operating leases (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ At December 31, ​ ​ ​ ​ 2022 ​ Supplemental balance sheet information: ​ ​ ​ Lease assets ​ $ 44,339 ​ Lease liabilities ​ $ 48,364 ​ Weighted average remaining lease term in years ​ 11 ​ Weighted average discount rate ​ 2.26 % ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ ​ ​ December 31, ​ ​ ​ ​ 2022 ​ Operating Lease cost ​ $ 5,405 ​ Cash paid for amount included in the measurement of operating lease liabilities ​ $ 4,864 ​ ​
Schedule of remaining maturity of lease liabilities as well as the reconciliation of undiscounted lease payments to the discounted operating lease liabilities	The following table presents the remaining maturity of lease liabilities as well as the reconciliation of undiscounted lease payments to the discounted operating lease liabilities (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ At December 31, ​ ​ ​ 2022 Lease liabilities maturing in: ​ ​ ​ 2023 ​ $ 5,202 2024 ​ 4,976 2025 ​ 4,990 2026 ​ 5,008 2027 ​ ​ 4,632 Thereafter ​ ​ 30,276 Total ​ $ 55,084 Less: Present value discount ​ ​ (6,720) Total lease liabilities ​ $ 48,364 ​

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2022
PREMISES AND EQUIPMENT
Schedule of premises and equipment	Premises and equipment are summarized as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, ​ 2022 2021 Furniture and Equipment ​ $ 14,451 ​ $ 13,032 Land, buildings and improvements ​ ​ 13,479 ​ ​ — Leasehold Improvements ​ 20,595 ​ 16,266 Total Premises and Equipment ​ 48,525 ​ 29,298 Less accumulated depreciation and amortization ​ (16,656) ​ (14,182) Total Premises and Equipment, net ​ $ 31,869 ​ $ 15,116 ​

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2022
DEPOSITS
Schedule of deposits	Deposits consisted of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, ​ 2022 2021 ​ ​ ​ Noninterest bearing demand accounts ​ $ 2,422,151 ​ $ 3,668,673 Money market ​ 2,792,554 ​ 2,666,983 Savings accounts ​ 11,144 ​ 20,930 Time deposits ​ 52,063 ​ 78,986 Total deposits ​ $ 5,277,912 ​ $ 6,435,572 ​
Schedule of time deposits maturities	The following table presents the scheduled annual maturities of time deposits (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ At December 31, ​ ​ ​ 2022 2023 $ 37,614 2024 ​ 11,263 2025 ​ 2,362 2026 ​ 349 2027 ​ 475 Total time deposits ​ $ 52,063

BORROWINGS (Tables)

BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2022
BORROWINGS
Schedule of Federal funds purchased and FHLBNY advances	Federal funds purchased and FHLBNY advances consisted of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense ​ ​ At December 31, ​ Year Ended December 31, ​ 2022 2021 2022 2021 2020 Federal funds purchased ​ $ 150,000 ​ $ — ​ $ 601 ​ $ — ​ $ — Federal Home Loan Bank of New York advances ​ $ 100,000 ​ $ — ​ $ 292 ​ $ — ​ $ 1,742 ​

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2022
INCOME TAXES
Schedule of components of income taxes	Income tax expense consisted of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2022 2021 2020 Current ​ ​ ​ Federal ​ $ 27,311 ​ $ 16,883 ​ $ 10,936 State and local ​ 14,162 ​ 12,252 ​ 7,226 Total current ​ 41,473 ​ 29,135 ​ 18,162 Deferred ​ ​ ​ Federal ​ (1,919) ​ (405) ​ 139 State and local ​ (2,081) ​ 285 ​ 151 Total deferred ​ (4,000) ​ (120) ​ 290 Total income tax expense ​ $ 37,473 ​ $ 29,015 ​ $ 18,452 ​
Schedule of deferred tax assets and liabilities	Deferred tax assets and liabilities consist of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, ​ 2022 2021 Deferred tax assets: ​ ​ Allowance for loan losses ​ $ 13,698 ​ $ 10,670 Lease liabilities ​ ​ 14,782 ​ ​ — Net unrealized loss on securities available for sale ​ ​ 27,084 ​ ​ 3,731 Off balance sheet reserves ​ 55 ​ 55 Restricted stock ​ 1,140 ​ 252 Tangible asset ​ 7 ​ 10 Non-qualified stock options ​ 285 ​ 286 Other ​ 95 ​ — Total gross deferred tax assets ​ 57,146 ​ 15,004 Deferred tax liabilities: ​ ​ Right of use lease asset ​ ​ 13,551 ​ ​ — Depreciation and amortization ​ 4,390 ​ 3,229 Net unrealized gain on interest rate cap ​ ​ 3,302 ​ 334 Prepaid assets ​ ​ 548 ​ 459 Other ​ ​ — ​ 12 Total gross deferred tax liabilities ​ 21,791 ​ 4,034 Net deferred tax asset, included in other assets ​ $ 35,355 ​ $ 10,970 ​
Schedule of reconciliation of statutory federal income tax rate	The following is a reconciliation of the Company’s statutory federal income tax rate to its effective tax rate (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ ​ 2022 ​ 2021 ​ 2020 ​ ​ Tax expense/ ​ ​ ​ ​ Tax expense/ ​ ​ ​ ​ Tax expense/ ​ ​ ​ ​ (benefit) Rate ​ (benefit) Rate ​ (benefit) Rate Pretax income at statutory rates ​ $ 20,349 21.00 % ​ $ 18,810 21.00 % ​ $ 12,163 21.00 % State and local taxes, net of federal income tax benefit ​ 9,544 9.85 ​ ​ 9,904 11.06 ​ ​ 5,828 10.06 ​ Nondeductible expenses ​ 8,175 8.44 ​ ​ 680 0.76 ​ ​ 457 0.79 ​ Stock options ​ ​ (302) ​ (0.31) ​ ​ ​ — ​ — ​ ​ ​ — ​ — ​ Excess tax deduction on equity awards ​ ​ — ​ — ​ ​ ​ (467) ​ (0.52) ​ ​ ​ (59) ​ (0.10) ​ Tax-exempt income, net ​ (106) (0.11) ​ ​ (51) (0.06) ​ ​ — — ​ Other ​ (187) (0.20) ​ ​ 139 0.15 ​ ​ 63 0.11 ​ Effective income tax expense/rate ​ $ 37,473 38.67 % ​ $ 29,015 32.39 % ​ $ 18,452 31.86 % ​

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of Assets and Liabilities measured at fair value on a recurring basis	Assets and liabilities measured at fair value on a recurring basis are summarized below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement using: ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Markets ​ Other ​ Significant ​ ​ Carrying ​ For Identical ​ Observable ​ Unobservable ​ Amount Assets (Level 1) Inputs (Level 2) Inputs (Level 3) At December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agency securities ​ $ 59,372 ​ $ — ​ $ 59,372 ​ $ — U.S. State and Municipal securities ​ ​ 9,212 ​ ​ — ​ ​ 9,212 ​ ​ — Residential mortgage securities ​ ​ 338,548 ​ ​ — ​ ​ 338,548 ​ ​ — Commercial mortgage securities ​ ​ 34,850 ​ ​ — ​ ​ 34,850 ​ ​ — Asset-backed securities ​ ​ 3,765 ​ ​ — ​ ​ 3,765 ​ ​ — CRA Mutual Fund ​ ​ 2,048 ​ ​ 2,048 ​ ​ — ​ ​ — Derivative assets - interest rate cap ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement using: ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Markets ​ Other ​ Significant ​ ​ Carrying ​ For Identical ​ Observable ​ Unobservable ​ Amount Assets (Level 1) Inputs (Level 2) Inputs (Level 3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agency securities ​ $ 66,334 ​ $ — ​ $ 66,334 ​ $ — U.S. State and Municipal securities ​ ​ 11,499 ​ ​ — ​ ​ 11,499 ​ ​ — Residential mortgage securities ​ ​ 466,551 ​ ​ — ​ ​ 466,551 ​ ​ — Commercial mortgage securities ​ ​ 17,627 ​ ​ — ​ ​ 17,627 ​ ​ — Asset-backed securities ​ ​ 4,613 ​ ​ — ​ ​ 4,613 ​ ​ — CRA Mutual Fund ​ ​ 2,273 ​ ​ 2,273 ​ ​ — ​ ​ — Derivative assets - interest rate cap ​ ​ 3,385 ​ ​ — ​ ​ 3,385 ​ ​ — ​
Schedule of assets and liabilities measured on a non-recurring basis	Carrying amount and estimated fair values of financial instruments not carried at fair value were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement Using: ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets ​ Other ​ Significant ​ ​ ​ ​ ​ Carrying ​ For Identical ​ Observable ​ Unobservable ​ Total Fair At December 31, 2022 Amount Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Value Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and due from banks ​ $ 26,780 ​ $ 26,780 ​ $ — ​ $ — ​ $ 26,780 Overnight deposits ​ ​ 230,638 ​ ​ 230,638 ​ ​ — ​ ​ — ​ ​ 230,638 Securities held-to-maturity ​ ​ 510,425 ​ ​ — ​ ​ 437,290 ​ ​ — ​ ​ 437,290 Loans, net ​ ​ 4,840,523 ​ ​ — ​ ​ — ​ ​ 4,737,007 ​ ​ 4,737,007 Other investments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FRB Stock ​ ​ 11,421 ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A FHLB Stock ​ ​ 9,191 ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A Disability Fund ​ ​ 1,000 ​ ​ — ​ ​ 1,000 ​ ​ — ​ ​ 1,000 Time deposits at banks ​ ​ 498 ​ ​ 498 ​ ​ — ​ ​ — ​ ​ 498 Receivable from prepaid card programs, net ​ ​ 85,605 ​ ​ — ​ ​ — ​ ​ 85,605 ​ ​ 85,605 Accrued interest receivable ​ ​ 24,107 ​ ​ — ​ ​ 964 ​ ​ 23,143 ​ ​ 24,107 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-interest-bearing demand deposits ​ $ 2,422,151 ​ $ 2,422,151 ​ $ — ​ $ — ​ $ 2,422,151 Money market and savings deposits ​ ​ 2,803,698 ​ ​ 2,803,698 ​ ​ — ​ ​ — ​ ​ 2,803,698 Time deposits ​ ​ 52,063 ​ ​ — ​ ​ 51,058 ​ ​ — ​ ​ 51,058 Federal funds purchased ​ ​ 150,000 ​ ​ — ​ ​ 150,000 ​ ​ — ​ ​ 150,000 Federal Home Loan Bank of New York advances ​ ​ 100,000 ​ ​ — ​ ​ 100,000 ​ ​ — ​ ​ 100,000 Trust preferred securities payable ​ ​ 20,620 ​ ​ — ​ ​ — ​ ​ 19,953 ​ ​ 19,953 Prepaid debit cardholder balances ​ ​ 10,579 ​ ​ — ​ ​ — ​ ​ 10,579 ​ ​ 10,579 Accrued interest payable ​ ​ 728 ​ ​ 112 ​ ​ 293 ​ ​ 323 ​ ​ 728 Secured borrowings ​ ​ 7,725 ​ ​ — ​ ​ 7,725 ​ ​ — ​ ​ 7,725 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement Using: ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets ​ Other ​ Significant ​ ​ ​ ​ ​ Carrying ​ For Identical ​ Observable ​ Unobservable ​ Total Fair At December 31, 2021 Amount Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Value Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and due from banks ​ $ 28,864 ​ $ 28,864 ​ $ — ​ $ — ​ $ 28,864 Overnight deposits ​ ​ 2,330,486 ​ ​ 2,330,486 ​ ​ — ​ ​ — ​ ​ 2,330,486 Securities held-to-maturity ​ ​ 382,099 ​ ​ — ​ ​ 380,108 ​ ​ — ​ ​ 380,108 Loans, net ​ ​ 3,697,200 ​ ​ — ​ ​ — ​ ​ 3,721,619 ​ ​ 3,721,619 Other investments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FRB Stock ​ ​ 7,430 ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A FHLB Stock ​ ​ 3,070 ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A Disability Fund ​ ​ 1,000 ​ ​ — ​ ​ 1,000 ​ ​ — ​ ​ 1,000 CRA - CD ​ ​ 498 ​ ​ 498 ​ ​ — ​ ​ — ​ ​ 498 Receivable from prepaid card programs, net ​ ​ 39,864 ​ ​ — ​ ​ — ​ ​ 39,864 ​ ​ 39,864 Accrued interest receivable ​ ​ 15,195 ​ ​ — ​ ​ 892 ​ ​ 14,303 ​ ​ 15,195 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-interest-bearing demand deposits ​ $ 3,668,673 ​ $ 3,668,673 ​ $ — ​ $ — ​ $ 3,668,673 Money market and savings deposits ​ ​ 2,687,913 ​ ​ 2,687,913 ​ ​ — ​ ​ — ​ ​ 2,687,913 Time deposits ​ ​ 78,986 ​ ​ — ​ ​ 79,187 ​ ​ — ​ ​ 79,187 Trust preferred securities payable ​ ​ 20,620 ​ ​ — ​ ​ — ​ ​ 19,997 ​ ​ 19,997 Subordinated debt, net of issuance cost ​ ​ 24,712 ​ ​ — ​ ​ 25,125 ​ ​ — ​ ​ 25,125 Prepaid debit cardholder balances ​ ​ 8,847 ​ ​ — ​ ​ — ​ ​ 8,847 ​ ​ 8,847 Accrued interest payable ​ ​ 746 ​ ​ 5 ​ ​ 633 ​ ​ 108 ​ ​ 746 Secured borrowings ​ ​ 32,461 ​ ​ — ​ ​ 32,507 ​ ​ — ​ ​ 32,507

STOCK COMPENSATION PLAN (Tables

STOCK COMPENSATION PLAN (Tables)	12 Months Ended
	Dec. 31, 2022
STOCK COMPENSATION PLAN
Schedule of status of the stock option plan	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ Weighted ​ ​ Number of Average ​ ​ Options ​ Exercise Price ​ Outstanding, beginning of period ​ 231,000 ​ $ 18.00 ​ Granted ​ — ​ ​ — ​ Exercised ​ (10,800) ​ ​ 18.00 ​ Cancelled/forfeited ​ — ​ ​ — ​ Outstanding, end of period ​ 220,200 ​ $ 18.00 ​ Options vested and exercisable at end of period ​ 220,200 ​ $ 18.00 ​ ​ ​ ​ ​ ​ ​ ​ Weighted average remaining contractual life (years) ​ 1.41 ​ ​ ​ ​ Weighted average intrinsic value $ 40.67 ​ ​ ​ ​ ​
Schedule of changes in the non-vested restricted stock awards	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended ​ ​ December 31, 2022 ​ December 31, 2021 ​ December 31, 2020 ​ ​ ​ ​ Weighted ​ ​ ​ Weighted ​ ​ ​ Weighted ​ ​ ​ ​ Average ​ ​ ​ Average ​ ​ ​ Average ​ ​ Number of ​ Grant Date ​ Number of ​ Grant Date ​ Number of ​ Grant Date ​ Shares Fair Value ​ Shares Fair Value ​ Shares Fair Value Outstanding, beginning of period ​ 90,999 ​ $ 47.35 ​ 76,289 ​ $ 37.01 ​ 104,838 ​ $ 29.86 Granted ​ 83,151 ​ ​ 102.49 ​ 78,582 ​ ​ 50.80 ​ 62,092 ​ ​ 44.80 Forfeited ​ (578) ​ ​ 92.44 ​ (10,200) ​ ​ 48.09 ​ (31,781) ​ ​ 38.24 Vested ​ (44,010) ​ ​ 37.12 ​ (53,672) ​ ​ 37.57 ​ (58,860) ​ ​ 31.83 Outstanding at end of period ​ 129,562 ​ $ 86.01 ​ 90,999 ​ $ 47.35 ​ 76,289 ​ $ 37.01 ​

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2022
COMMITMENTS AND CONTINGENCIES
Schedule of off-balance-sheet financial instruments	The following off-balance-sheet financial instruments whose contract amounts represent credit risk, are outstanding (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2022 ​ At December 31, 2021 ​ ​ Fixed ​ Variable ​ Fixed ​ Variable ​ Rate Rate Rate Rate Unused commitments ​ $ 40,685 ​ $ 364,908 ​ $ 39,676 ​ $ 346,115 Standby and commercial letters of credit ​ ​ 53,947 ​ ​ — ​ ​ 49,988 ​ ​ — ​ ​ $ 94,632 ​ $ 364,908 ​ $ 89,664 ​ $ 346,115 ​

REGULATORY CAPITAL (Tables)

REGULATORY CAPITAL (Tables)	12 Months Ended
	Dec. 31, 2022
REGULATORY CAPITAL
Schedule of requirements for minimum capital adequacy and classification	Actual and required capital amounts and ratios are presented below at year end (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For ​ ​ To be Well ​ Minimum ​ ​ ​ ​ ​ ​ Capital ​ ​ Capitalized under ​ ​ Capital ​ ​ ​ ​ ​ ​ Adequacy ​ ​ Prompt Corrective ​ Conservation ​ ​ ​ Actual ​ ​ Purposes ​ ​ Action Regulations ​ Buffer ​ ​ ​ Amount Ratio ​ Amount Ratio ​ Amount Ratio ​ Ratio ​ At December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The Company ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 leverage ratio (Tier 1 capital to average assets) ​ $ 641,082 10.2 % ​ $ 250,963 4.0 % ​ $ N/A N/A ​ ​ — % Tier 1 common equity (to risk-weighted assets) ​ $ 620,462 12.1 % ​ $ 230,879 4.5 % ​ $ N/A N/A ​ ​ 2.5 % Tier 1 capital (to risk-weighted assets) ​ $ 641,082 12.5 % ​ $ 307,838 6.0 % ​ $ N/A N/A ​ ​ 2.5 % Total capital (to risk-weighted assets) ​ $ 686,139 13.4 % ​ $ 410,451 8.0 % ​ $ N/A N/A ​ ​ 2.5 % The Bank ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 leverage ratio (Tier 1 capital to average assets) ​ $ 628,825 10.0 % ​ $ 250,920 4.0 % ​ $ 313,650 5.0 % ​ — % Tier 1 common equity (to risk-weighted assets) ​ $ 628,825 12.3 % ​ $ 230,815 4.5 % ​ $ 333,399 6.5 % ​ 2.5 % Tier 1 capital (to risk-weighted assets) ​ $ 628,825 12.3 % ​ $ 307,753 6.0 % ​ $ 410,337 8.0 % ​ 2.5 % Total capital (to risk-weighted assets) ​ $ 673,876 13.1 % ​ $ 410,337 8.0 % ​ $ 512,922 10.0 % ​ 2.5 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ The Company ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 leverage ratio (Tier 1 capital to average assets) ​ $ 575,380 8.5 % ​ $ 270,863 4.0 % ​ $ N/A N/A ​ ​ — % Tier 1 common equity (to risk-weighted assets) ​ $ 554,760 14.1 % ​ $ 177,646 4.5 % ​ $ N/A N/A ​ ​ 2.5 % Tier 1 capital (to risk-weighted assets) ​ $ 575,380 14.6 % ​ $ 236,861 6.0 % ​ $ N/A N/A ​ ​ 2.5 % Total capital (to risk-weighted assets) ​ $ 635,002 16.1 % ​ $ 315,815 8.0 % ​ $ N/A N/A ​ ​ 2.5 % The Bank ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 leverage ratio (Tier 1 capital to average assets) ​ $ 566,835 8.4 % ​ $ 270,800 4.0 % ​ $ 338,499 5.0 % ​ — % Tier 1 common equity (to risk-weighted assets) ​ $ 566,835 14.4 % ​ $ 177,582 4.5 % ​ $ 256,508 6.5 % ​ 2.5 % Tier 1 capital (to risk-weighted assets) ​ $ 566,835 14.4 % ​ $ 236,777 6.0 % ​ $ 315,702 8.0 % ​ 2.5 % Total capital (to risk-weighted assets) ​ $ 601,740 15.2 % ​ $ 315,702 8.0 % ​ $ 394,628 10.0 % ​ 2.5 % ​

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	12 Months Ended
	Dec. 31, 2022
EARNINGS PER SHARE
Schedule of earnings per share	The factors used in the earnings per share calculation are as follows (in thousands, except per share data). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2022 2021 2020 Basic ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income per consolidated statements of income ​ $ 59,425 ​ $ 60,555 ​ $ 39,466 Less: Earnings allocated to participating securities ​ ​ (141) ​ ​ (739) ​ ​ (344) Net income available to common stockholders ​ $ 59,284 ​ $ 59,816 ​ $ 39,122 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding including participating securities ​ ​ 10,955,077 ​ ​ 9,123,037 ​ ​ 8,293,677 Less: Weighted average participating securities ​ ​ (26,056) ​ ​ (111,337) ​ ​ (72,248) Weighted average common shares outstanding ​ ​ 10,929,021 ​ ​ 9,011,700 ​ ​ 8,221,429 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share ​ ​ 5.42 ​ ​ 6.64 ​ ​ 4.76 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income allocated to common stockholders ​ $ 59,284 ​ $ 59,816 ​ $ 39,122 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding for basic earnings per common share ​ ​ 10,929,021 ​ ​ 9,011,700 ​ ​ 8,221,429 Add: Dilutive effects of assumed exercise of stock options ​ ​ 170,648 ​ ​ 170,792 ​ ​ 103,463 Add: Dilutive effects of assumed vesting of performance based restricted stock ​ ​ 56,711 ​ ​ 51,581 ​ ​ 73,552 Add: Dilutive effects of assumed vesting of restricted stock units ​ ​ 43,804 ​ ​ 38,749 ​ ​ — Average shares and dilutive potential common shares ​ ​ 11,200,184 ​ ​ 9,272,822 ​ ​ 8,398,444 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dilutive earnings per common share ​ $ 5.29 ​ $ 6.45 ​ $ 4.66 ​

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	12 Months Ended
	Dec. 31, 2022
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Summary of changes in Accumulated Other Comprehensive Income (Loss) balances, net of tax effects	The following table summarizes the changes in Accumulated Other Comprehensive Income (Loss) balances, net of tax effects at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2022 2021 2020 Beginning balance ​ $ (7,504) ​ $ 973 ​ $ 1,207 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income, net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized gain (loss) on AFS securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gain (loss) arising during the period ​ ​ (76,934) ​ ​ (14,722) ​ ​ 4,877 Reclassification adjustment for (gain) loss included in net income ​ ​ — ​ ​ (609) ​ ​ (3,286) Tax effect ​ ​ 23,353 ​ ​ 4,795 ​ ​ (514) Net of tax ​ ​ (53,581) ​ ​ (10,536) ​ ​ 1,077 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized gain (loss) on cash flow hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gain (loss) arising during the period ​ ​ 11,704 ​ ​ 2,957 ​ ​ (1,925) Reclassification adjustment for gain included in net income ​ ​ (1,949) ​ ​ — ​ ​ — Tax effect ​ ​ (2,968) ​ ​ (898) ​ ​ 614 Net of tax ​ ​ 6,787 ​ ​ 2,059 ​ ​ (1,311) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net current period other comprehensive income (loss) ​ ​ (46,794) ​ ​ (8,477) ​ ​ (234) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ (54,298) ​ $ (7,504) ​ $ 973 ​
Schedule of reclassifications out of accumulated other comprehensive income	The following table shows the amounts reclassified out of each component of accumulated other comprehensive income for the gain on the sale of securities (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Affected line item in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ the Consolidated Statements ​ ​ Year Ended December 31, ​ of Operations ​ ​ ​ 2022 ​ ​ 2021 ​ ​ 2020 ​ ​ Realized gain on sale of AFS securities ​ $ — ​ $ 609 ​ $ 3,286 ​ Gain on Sale of Securities Income tax (expense) benefit ​ ​ — ​ ​ (197) ​ ​ (1,036) ​ Income tax expense Total reclassifications, net of income tax ​ $ — ​ $ 412 ​ $ 2,250 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Realized gain on cash flow hedges ​ $ 1,949 ​ $ — ​ $ — ​ Licensing fees Income tax (expense) benefit ​ ​ (599) ​ ​ — ​ ​ — ​ Income tax expense Total reclassifications, net of income tax ​ $ 1,350 ​ $ — ​ $ — ​ ​

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	12 Months Ended
	Dec. 31, 2022
REVENUE FROM CONTRACTS WITH CUSTOMERS
Schedule of Company's sources of non-interest income	The following table presents the Company’s revenue from contracts with customers (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, ​ 2022 2021 2020 Service charges on deposit accounts ​ $ 5,747 ​ $ 4,755 ​ $ 3,728 Global Payments Group revenue ​ 19,341 ​ 16,445 ​ 8,464 Other service charges and fees ​ 1,763 ​ 1,950 ​ 1,477 Total ​ $ 26,851 ​ $ 23,150 ​ $ 13,669 ​

DERIVATIVES (Tables)

DERIVATIVES (Tables)	12 Months Ended
	Dec. 31, 2022
DERIVATIVES
Schedule of notional amount and fair value	The following tables reflect the derivatives recorded on the balance sheet (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Notional ​ ​ Fair ​ ​ ​ Amount ​ ​ Value At December 31, 2022 ​ ​ ​ ​ ​ ​ Derivatives designated as hedges: ​ ​ ​ ​ ​ ​ Interest rate caps related to customer deposits ​ $ — ​ $ — Total included in Other Assets ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ ​ Derivatives designated as hedges: ​ ​ ​ ​ ​ ​ Interest rate caps related to customer deposits ​ $ 300,000 ​ $ 3,385 Total included in Other Assets ​ $ 300,000 ​ $ 3,385
Schedule of effect of cash flow hedge accounting on accumulated other comprehensive income	​ The effect of cash flow hedge accounting on accumulated other comprehensive income is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, ​ 2022 2021 2020 Interest rate caps related to customer deposits ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain (loss) recognized in OCI, net of tax ​ $ 8,131 ​ $ 2,059 ​ $ (1,311) Amount of gain (loss) reclassified from OCI into income ​ $ 1,949 ​ $ — ​ $ — Location of gain (loss) reclassified from OCI into income ​ Licensing fees ​ N/A ​ N/A ​

PARENT COMPANY FINANCIAL INFO_2

PARENT COMPANY FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2022
PARENT COMPANY FINANCIAL INFORMATION
Schedule of condensed balance sheets	Condensed Statements of Financial Condition ​ ​ ​ ​ ​ ​ ​ ​ At December 31, ​ 2022 2021 Assets ​ ​ Cash and due from banks ​ $ 9,476 ​ $ 32,328 Loans, net of allowance for loan losses ​ 776 ​ 776 Investments ​ 620 ​ 620 Investment in subsidiary bank, at equity ​ 584,522 ​ 569,327 Other assets ​ 1,520 ​ 6 Total assets ​ ​ 596,914 ​ ​ 603,057 ​ ​ ​ ​ ​ ​ ​ Liabilities and Stockholders’ Equity ​ ​ Trust preferred securities ​ 20,620 ​ 20,620 Subordinated debt payable, net of issuance costs ​ — ​ 24,712 Other liabilities ​ 397 ​ 736 Total liabilities ​ 21,017 ​ 46,068 ​ ​ ​ ​ ​ ​ ​ Stockholders’ Equity ​ ​ Preferred stock ​ — ​ — Common stock ​ 109 ​ 109 Surplus ​ 389,276 ​ 382,999 Retained earnings ​ 240,810 ​ 181,385 Accumulated other comprehensive income (loss), net of tax ​ (54,298) ​ (7,504) Total equity ​ 575,897 ​ 556,989 Total liabilities and stockholders’ equity ​ $ 596,914 ​ $ 603,057 ​
Schedule of condensed statements of income	​ Condensed Statements of Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2022 2021 2020 Income ​ ​ ​ Loans ​ $ 9 ​ $ 14 ​ $ 17 Securities and money market funds ​ ​ 25 ​ ​ 13 ​ ​ 18 Total interest income ​ 34 ​ 27 ​ 35 Interest expense ​ ​ ​ Trust preferred securities ​ 823 ​ 438 ​ 590 Subordinated debt ​ 605 ​ 1,618 ​ 1,618 Total interest expense ​ 1,428 ​ 2,056 ​ 2,208 Net interest expense ​ (1,394) ​ (2,029) ​ (2,173) Provision for loan losses ​ — ​ — ​ — Net interest expense after provision for loan losses ​ (1,394) ​ (2,029) ​ (2,173) Other expense ​ 2,767 ​ 1,288 ​ 2,338 Loss before undistributed earnings of subsidiary bank ​ (4,161) ​ (3,317) ​ (4,511) Equity in undistributed earnings of subsidiary bank ​ 62,357 ​ 62,798 ​ 42,844 Income before income tax benefit ​ 58,196 ​ 59,481 ​ 38,333 Income tax benefit ​ 1,229 ​ 1,074 ​ 1,133 Net income ​ $ 59,425 ​ $ 60,555 ​ $ 39,466 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Comprehensive income ​ $ 12,631 ​ $ 52,078 ​ $ 39,232 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of condensed statement of cash flows	​ Condensed Statement of Cash Flows ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2022 ​ 2021 ​ 2020 Cash Flows From Operating Activities ​ ​ ​ ​ ​ ​ Net income ​ $ 59,425 ​ $ 60,555 ​ $ 39,466 Adjustments to reconcile net income to net cash provided by (used in) operating activities: ​ ​ ​ Undistributed earnings of subsidiary bank ​ (62,357) ​ (58,798) ​ (42,844) Cash dividend from subsidiary bank ​ ​ — ​ ​ 4,000 ​ ​ — Other operating adjustments ​ ​ 6,351 ​ ​ (746) ​ ​ 2,438 Net cash provided by (used in) operating activities ​ 3,419 ​ 5,011 ​ (940) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash Flows From Investing Activities ​ ​ ​ Investments in subsidiary bank ​ ​ — ​ ​ (132,000) ​ ​ — Net cash provided by (used in) investing activities ​ — ​ (132,000) ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash Flows From Financing Activities ​ ​ ​ Redemption of common stock for tax withholdings for restricted stock vesting ​ ​ (1,559) ​ ​ (3,385) ​ ​ (881) Redemption of subordinated notes ​ ​ (24,712) ​ ​ — ​ ​ — Proceeds from issuance of common stock, net ​ ​ — ​ ​ 162,687 ​ ​ — Net cash provided by (used in) financing activities ​ (26,271) ​ 159,302 ​ (881) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Increase (decrease) in cash and cash equivalents ​ (22,852) ​ 32,313 ​ (1,821) Cash and cash equivalents, beginning of year ​ 32,328 ​ 15 ​ 1,836 Cash and cash equivalents, end of year ​ $ 9,476 ​ $ 32,328 ​ $ 15

UNAUDITED QUARTERLY FINANCIAL_2

UNAUDITED QUARTERLY FINANCIAL DATA (Tables)	12 Months Ended
	Dec. 31, 2022
UNAUDITED QUARTERLY FINANCIAL DATA
Schedule of consolidated quarterly financial data	Selected Consolidated Quarterly Financial Data (dollars, except per share amounts, in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 Quarter Ended ​ December 31 September 30 June 30 March 31 Interest income ​ $ 80,554 ​ $ 70,057 ​ $ 59,158 ​ $ 50,970 Interest expense ​ 16,655 ​ 6,732 ​ 3,856 ​ 4,338 Net interest income ​ 63,899 ​ 63,325 ​ 55,302 ​ 46,632 Provision for loan losses ​ 2,309 ​ 2,007 ​ 2,400 ​ 3,400 Net interest income after provision for loan losses ​ 61,590 ​ 61,318 ​ 52,902 ​ 43,232 Non-interest income ​ 6,350 ​ 5,818 ​ 6,998 ​ 7,427 Non-interest expense ​ 66,659 ​ 31,190 ​ 26,269 ​ 24,619 Income before income taxes ​ 1,281 ​ 35,946 ​ 33,631 ​ 26,040 Income tax expense ​ 9,021 ​ 10,991 ​ 10,442 ​ 7,019 Net income (loss) ​ $ (7,740) ​ $ 24,955 ​ $ 23,189 ​ $ 19,021 Basic earnings (loss) per common share ​ $ (0.71) ​ $ 2.28 ​ $ 2.12 ​ $ 1.74 Diluted earnings (loss) per common share ​ $ (0.71) ​ $ 2.23 ​ $ 2.07 ​ $ 1.69 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 Quarter Ended ​ December 31 September 30 June 30 March 31 Interest income ​ $ 49,110 ​ $ 45,018 ​ $ 41,050 ​ $ 38,106 Interest expense ​ 4,300 ​ 4,226 ​ 4,077 ​ 3,680 Net interest income ​ 44,810 ​ 40,792 ​ 36,973 ​ 34,426 Provision for loan losses ​ 501 ​ 490 ​ 1,875 ​ 950 Net interest income after provision for loan losses ​ 44,309 ​ 40,302 ​ 35,098 ​ 33,476 Non-interest income ​ 7,057 ​ 5,891 ​ 6,156 ​ 4,593 Non-interest expense ​ 23,314 ​ 21,984 ​ 21,689 ​ 20,325 Income before income taxes ​ 28,052 ​ 24,209 ​ 19,565 ​ 17,744 Income tax expense ​ 9,165 ​ 7,994 ​ 6,229 ​ 5,627 Net income (loss) ​ $ 18,887 ​ $ 16,215 ​ $ 13,336 ​ $ 12,117 Basic earnings (loss) per common share ​ $ 1.74 ​ $ 1.82 ​ $ 1.59 ​ $ 1.46 Diluted earnings (loss) per common share ​ $ 1.69 ​ $ 1.77 ​ $ 1.55 ​ $ 1.43

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details)		12 Months Ended
	Oct. 01, 2022 USD ($)	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($)	Mar. 31, 2022 USD ($)
Bankruptcy accounts subject to the licensing fees		$ 425,300,000	$ 934,300,000
Goodwill		9,700,000
Impairment of goodwill	$ 0		0
Investment in Disability Opportunity Fund		1,000,000
Investment in FRB		11,400,000	7,400,000
Investment in FHLB		9,200,000	3,100,000
Deposit with Federal Reserve Bank		226,700,000	2,300,000,000
Cash pledged as collateral			683,000	$ 693,000
Escrow deposit		$ 13,300,000	$ 10,800,000
Number of reportable operating segment | segment		1
Minimum
Premises and equipment useful life		3 years
Maximum
Premises and equipment useful life		30 years

SUMMARY OF RECENT ACCOUNTING _3

SUMMARY OF RECENT ACCOUNTING PRONOUNCEMENTS (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 01, 2023	Dec. 31, 2022	Dec. 31, 2021
Lease assets			$ 44,339
Lease liabilities			48,364
Retained earnings			$ 240,810	$ 181,385
ASU 2016-02
Lease assets	$ 44,300
Lease liabilities	48,400
Right-of-use asset obtained in exchange for operating lease liability	4,100
ASU 2016-02 | Cumulative Effect, Period of Adoption, Adjustment
Retained earnings	$ 0
ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjustment | Maximum
Percentage of increase in allowance for credit losses and unfunded commitments		11%
Percentage of decrease in retained earnings		11%
ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjustment | Minimum
Percentage of increase in allowance for credit losses and unfunded commitments		7%
Percentage of decrease in retained earnings		7%

INVESTMENT SECURITIES (Schedule

INVESTMENT SECURITIES (Schedule of amortized cost and fair value of securities available-for-sale) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Schedule of Available-for-sale Securities [Line Items]
Investment securities available for sale, at fair value	$ 445,747	$ 566,624
Available-for-sale Securities.
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	534,665	578,608
Gross Unrealized/Unrecognized Gains	289	842
Gross Unrealized/Unrecognized Losses	(89,207)	(12,826)
Investment securities available for sale, at fair value	445,747	566,624
Available-for-sale Securities. | U.S. Government agency securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	67,996	67,994
Gross Unrealized/Unrecognized Losses	(8,624)	(1,660)
Investment securities available for sale, at fair value	59,372	66,334
Available-for-sale Securities. | U.S. State and Municipal securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	11,649	11,799
Gross Unrealized/Unrecognized Losses	(2,437)	(300)
Investment securities available for sale, at fair value	9,212	11,499
Available-for-sale Securities. | Residential MBS
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	413,998	476,393
Gross Unrealized/Unrecognized Gains	279	623
Gross Unrealized/Unrecognized Losses	(75,729)	(10,465)
Investment securities available for sale, at fair value	338,548	466,551
Available-for-sale Securities. | Commercial MBS
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	37,069	17,787
Gross Unrealized/Unrecognized Gains	10	219
Gross Unrealized/Unrecognized Losses	(2,229)	(379)
Investment securities available for sale, at fair value	34,850	17,627
Available-for-sale Securities. | Asset-backed Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	3,953	4,635
Gross Unrealized/Unrecognized Losses	(188)	(22)
Investment securities available for sale, at fair value	$ 3,765	$ 4,613

INVESTMENT SECURITIES (Schedu_2

INVESTMENT SECURITIES (Schedule of amortized cost and fair value of securities held-to-maturity) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 510,425	$ 382,099
Total Securities	437,300	380,100
Held-to-maturity Securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	510,425	382,099
Gross Unrealized/Unrecognized Gains		410
Gross Unrealized/Unrecognized Losses	(73,135)	(2,401)
Total Securities	437,290	380,108
Held-to-maturity Securities | US Treasury Securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	29,852	29,811
Gross Unrealized/Unrecognized Gains		6
Gross Unrealized/Unrecognized Losses	(2,223)	(43)
Total Securities	27,629	29,774
Held-to-maturity Securities | U.S. State and Municipal securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	15,814	16,055
Gross Unrealized/Unrecognized Gains		299
Gross Unrealized/Unrecognized Losses	(2,609)
Total Securities	13,205	16,354
Held-to-maturity Securities | Residential MBS
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	456,648	328,095
Gross Unrealized/Unrecognized Gains		105
Gross Unrealized/Unrecognized Losses	(67,027)	(2,259)
Total Securities	389,621	325,941
Held-to-maturity Securities | Commercial MBS
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	8,111	8,138
Gross Unrealized/Unrecognized Losses	(1,276)	(99)
Total Securities	$ 6,835	$ 8,039

INVESTMENT SECURITIES (Schedu_3

INVESTMENT SECURITIES (Schedule of amortized cost and fair value of marketable equity securities) (Details) - Equity securities - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Amortized Cost	$ 2,358	$ 2,326
Gross Unrealized/Unrecognized Losses	(310)	(53)
Fair Value	2,048	2,273
CRA mutual fund
Marketable Securities [Line Items]
Amortized Cost	2,358	2,326
Gross Unrealized/Unrecognized Losses	(310)	(53)
Fair Value	$ 2,048	$ 2,273

INVESTMENT SECURITIES (Proceeds

INVESTMENT SECURITIES (Proceeds from sales and calls of securities and associated gains and losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INVESTMENT SECURITIES
Proceeds	$ 43,241	$ 141,422
Gross gains	(609)	(3,286)
Tax impact	$ (197)	$ (1,036)

INVESTMENT SECURITIES (Schedu_4

INVESTMENT SECURITIES (Schedule of Amortized Cost and Fair Value of Securities Classified by Contractual Maturity) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Amortized Cost
After 1 year through 5 years	$ 29,852	$ 29,811
After 5 years though 10 years	9,505	9,973
After 10 years	471,068	342,315
Amortized Cost, total	510,425	382,099
Fair Value
After 1 year through 5 years	27,630	29,774
After 5 years though 10 years	8,130	9,912
After 10 years	401,530	340,422
Fair Value, total	437,290	380,108
Amortized Cost
After 1 year through 5 years	54,736	48,515
After 5 years though 10 years	36,043	36,242
After 10 years	443,886	493,851
Amortized Cost, total	534,665	578,608
Fair Value
After 1 year through 5 years	48,959	47,370
After 5 years though 10 years	32,872	36,024
After 10 years	363,916	483,230
Fair Value, total	445,747	566,624
Asset Pledged as Collateral
Fair Value
Securities pledged	$ 25,000	$ 0

INVESTMENT SECURITIES (Schedu_5

INVESTMENT SECURITIES (Schedule of Securities with Unrealized Losses) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) item	Dec. 31, 2021 USD ($) item
Held-to-maturity Securities
Number of securities of one issuer | item	0	0
Impairment loss	$ 0	$ 0
Available-for-sale Securities.
Available-for-sale Securities
Less than 12 Months, Estimated Fair Value	35,528	477,140
Less than 12 Months, Unrealized/Unrecognized Losses	(2,379)	(11,075)
12 months or more, Estimated Fair Value	387,125	53,509
12 months or more, Unrealized/Unrecognized Losses	(86,828)	(1,751)
Total, Estimated Fair Value	422,653	530,649
Total, Unrealized/Unrecognized Losses	(89,207)	(12,826)
Held-to-maturity Securities
Held-to-maturity Securities
Less than 12 Months, Estimated Fair Value	194,848	319,632
Less than 12 Months, Unrealized/Unrecognized Losses	(23,599)	(2,401)
12 months or more, Estimated Fair Value	242,442
12 months or more, Unrealized/Unrecognized Losses	(49,536)
Total, Estimated Fair Value	437,290	319,632
Total, Unrealized Losses	(73,135)	(2,401)
U.S. Government agency securities | Available-for-sale Securities.
Available-for-sale Securities
Less than 12 Months, Estimated Fair Value		29,267
Less than 12 Months, Unrealized/Unrecognized Losses		(730)
12 months or more, Estimated Fair Value	59,372	37,067
12 months or more, Unrealized/Unrecognized Losses	(8,624)	(930)
Total, Estimated Fair Value	59,372	66,334
Total, Unrealized/Unrecognized Losses	(8,624)	(1,660)
U.S. State and Municipal securities | Available-for-sale Securities.
Available-for-sale Securities
Less than 12 Months, Estimated Fair Value	2,546	8,372
Less than 12 Months, Unrealized/Unrecognized Losses	(527)	(300)
12 months or more, Estimated Fair Value	6,666
12 months or more, Unrealized/Unrecognized Losses	(1,910)
Total, Estimated Fair Value	9,212	8,372
Total, Unrealized/Unrecognized Losses	(2,437)	(300)
U.S. State and Municipal securities | Held-to-maturity Securities
Held-to-maturity Securities
Less than 12 Months, Estimated Fair Value	13,205
Less than 12 Months, Unrealized/Unrecognized Losses	(2,609)
Total, Estimated Fair Value	13,205
Total, Unrealized Losses	(2,609)
Residential MBS | Available-for-sale Securities.
Available-for-sale Securities
Less than 12 Months, Estimated Fair Value	19,576	423,686
Less than 12 Months, Unrealized/Unrecognized Losses	(1,654)	(9,727)
12 months or more, Estimated Fair Value	305,936	12,931
12 months or more, Unrealized/Unrecognized Losses	(74,075)	(738)
Total, Estimated Fair Value	325,512	436,617
Total, Unrealized/Unrecognized Losses	(75,729)	(10,465)
Residential MBS | Held-to-maturity Securities
Held-to-maturity Securities
Less than 12 Months, Estimated Fair Value	162,960	301,896
Less than 12 Months, Unrealized/Unrecognized Losses	(19,625)	(2,259)
12 months or more, Estimated Fair Value	226,661
12 months or more, Unrealized/Unrecognized Losses	(47,402)
Total, Estimated Fair Value	389,621	301,896
Total, Unrealized Losses	(67,027)	(2,259)
Commercial MBS | Available-for-sale Securities.
Available-for-sale Securities
Less than 12 Months, Estimated Fair Value	13,406	11,202
Less than 12 Months, Unrealized/Unrecognized Losses	(198)	(296)
12 months or more, Estimated Fair Value	11,386	3,511
12 months or more, Unrealized/Unrecognized Losses	(2,031)	(83)
Total, Estimated Fair Value	24,792	14,713
Total, Unrealized/Unrecognized Losses	(2,229)	(379)
Commercial MBS | Held-to-maturity Securities
Held-to-maturity Securities
Less than 12 Months, Estimated Fair Value		8,039
Less than 12 Months, Unrealized/Unrecognized Losses		(99)
12 months or more, Estimated Fair Value	6,835
12 months or more, Unrealized/Unrecognized Losses	(1,276)
Total, Estimated Fair Value	6,835	8,039
Total, Unrealized Losses	(1,276)	(99)
Asset-backed Securities | Available-for-sale Securities.
Available-for-sale Securities
Less than 12 Months, Estimated Fair Value		4,613
Less than 12 Months, Unrealized/Unrecognized Losses		(22)
12 months or more, Estimated Fair Value	3,765
12 months or more, Unrealized/Unrecognized Losses	(188)
Total, Estimated Fair Value	3,765	4,613
Total, Unrealized/Unrecognized Losses	(188)	(22)
US Treasury Securities | Held-to-maturity Securities
Held-to-maturity Securities
Less than 12 Months, Estimated Fair Value	18,683	9,697
Less than 12 Months, Unrealized/Unrecognized Losses	(1,365)	(43)
12 months or more, Estimated Fair Value	8,946
12 months or more, Unrealized/Unrecognized Losses	(858)
Total, Estimated Fair Value	27,629	9,697
Total, Unrealized Losses	$ (2,223)	$ (43)

LOANS (Schedule of Loan Receiva

LOANS (Schedule of Loan Receivables) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 4,853,495	$ 3,739,527
Deferred fees, net of origination costs	(12,972)	(7,598)
Loans, net of deferred fees and costs	4,840,523	3,731,929
Allowance for loan losses	(44,876)	(34,729)	$ (35,407)
Net loans	4,795,647	3,697,200
Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	3,919,948	3,052,626
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Total loans	908,616	654,535
Allowance for loan losses	(10,274)	(7,708)	(12,123)
Loan held for sale	0	4,100
Commercial and industrial | Paycheck Protection Program loans
Loans and Leases Receivable Disclosure [Line Items]
Net loans	97,000	561,000
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	24,931	32,366
Allowance for loan losses	(195)	(404)	(1,581)
Commercial | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	3,254,508	2,488,382
Allowance for loan losses	(29,496)	(22,216)	(17,243)
Construction | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	143,693	151,791
Allowance for loan losses	(1,983)	(2,105)	(1,593)
Multifamily | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	468,540	355,290
Allowance for loan losses	(2,823)	(2,156)	(2,661)
One to four family | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	53,207	57,163
Allowance for loan losses	$ (105)	$ (140)	$ (206)

LOANS (Schedule of Activity in

LOANS (Schedule of Activity in the Allowance for Loan Losses by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance				$ 34,729				$ 35,407	$ 34,729	$ 35,407
Provision /(credit) for loan losses	$ 2,309	$ 2,007	$ 2,400	3,400	$ 501	$ 490	$ 1,875	950	10,116	3,816	$ 9,488
Loans charged-off										(4,819)
Recoveries									31	325
Total ending allowance balance	44,876				34,729				44,876	34,729	35,407
Real estate | Commercial
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance				22,216				17,243	22,216	17,243
Provision /(credit) for loan losses									7,280	4,973
Total ending allowance balance	29,496				22,216				29,496	22,216	17,243
Real estate | Construction
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance				2,105				1,593	2,105	1,593
Provision /(credit) for loan losses									(122)	512
Total ending allowance balance	1,983				2,105				1,983	2,105	1,593
Real estate | Multifamily
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance				2,156				2,661	2,156	2,661
Provision /(credit) for loan losses									667	(505)
Total ending allowance balance	2,823				2,156				2,823	2,156	2,661
Real estate | One to four family
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance				140				206	140	206
Provision /(credit) for loan losses									(35)	(66)
Total ending allowance balance	105				140				105	140	206
Commercial and industrial
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance				7,708				12,123	7,708	12,123
Provision /(credit) for loan losses									2,540	24
Loans charged-off										(4,764)
Recoveries									26	325
Total ending allowance balance	10,274				7,708				10,274	7,708	12,123
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance				$ 404				$ 1,581	404	1,581
Provision /(credit) for loan losses									(214)	(1,122)
Loans charged-off										(55)
Recoveries									5
Total ending allowance balance	$ 195				$ 404				$ 195	$ 404	$ 1,581

LOANS (Schedule of Loans by Imp

LOANS (Schedule of Loans by Impairment Method) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment, Allowance for loan losses	$ 24	$ 196
Collectively evaluated for impairment, Allowance for loan losses	44,852	34,533
Total ending allowance balance	44,876	34,729	$ 35,407
Individually evaluated for impairment, Loans	27,663	39,766
Collectively evaluated for impairment, Loans	4,825,832	3,699,761
Total ending loan balance	4,853,495	3,739,527
Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total ending loan balance	3,919,948	3,052,626
Real estate | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Collectively evaluated for impairment, Allowance for loan losses	29,496	22,216
Total ending allowance balance	29,496	22,216	17,243
Individually evaluated for impairment, Loans	26,740	38,518
Collectively evaluated for impairment, Loans	3,227,768	2,449,864
Total ending loan balance	3,254,508	2,488,382
Real estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Collectively evaluated for impairment, Allowance for loan losses	1,983	2,105
Total ending allowance balance	1,983	2,105	1,593
Collectively evaluated for impairment, Loans	143,693	151,791
Total ending loan balance	143,693	151,791
Real estate | Multifamily
Loans and Leases Receivable Disclosure [Line Items]
Collectively evaluated for impairment, Allowance for loan losses	2,823	2,156
Total ending allowance balance	2,823	2,156	2,661
Collectively evaluated for impairment, Loans	468,540	355,290
Total ending loan balance	468,540	355,290
Real estate | One to four family
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment, Allowance for loan losses	0	26
Collectively evaluated for impairment, Allowance for loan losses	105	114
Total ending allowance balance	105	140	206
Individually evaluated for impairment, Loans	899	946
Collectively evaluated for impairment, Loans	52,308	56,217
Total ending loan balance	53,207	57,163
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment, Allowance for loan losses	0
Collectively evaluated for impairment, Allowance for loan losses	10,274	7,708
Total ending allowance balance	10,274	7,708	12,123
Individually evaluated for impairment, Loans	0
Collectively evaluated for impairment, Loans	908,616	654,535
Total ending loan balance	908,616	654,535
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment, Allowance for loan losses	24	170
Collectively evaluated for impairment, Allowance for loan losses	171	234
Total ending allowance balance	195	404	$ 1,581
Individually evaluated for impairment, Loans	24	302
Collectively evaluated for impairment, Loans	24,907	32,064
Total ending loan balance	$ 24,931	$ 32,366

LOANS (Schedule of Impaired by

LOANS (Schedule of Impaired by Class of Loans) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
With an allowance recorded:
Unpaid Principal Balance	$ 24,000	$ 879,000	$ 6,999,000
Recorded Investment	24,000	749,000	6,869,000
Allowance for Loan Losses Allocated	24,000	196,000	4,918,000
Average Recorded Investment	79,000	4,954,000	5,450,000
Interest Income Recognized		105,000	107,000
Without an allowance recorded:
Unpaid Principal Balance	29,160,000	39,164,000	11,011,000
Recorded Investment	27,639,000	39,017,000	10,864,000
Average Recorded Investment	30,974,000	16,561,000	4,307,000
Interest Income Recognized	1,072,000	351,000	58,000
One to four family
With an allowance recorded:
Unpaid Principal Balance		577,000	610,000
Recorded Investment		447,000	480,000
Allowance for Loan Losses Allocated		26,000	53,000
Average Recorded Investment			491,000
Interest Income Recognized			19,000
Without an allowance recorded:
Unpaid Principal Balance	1,176,000	646,000	666,000
Recorded Investment	899,000	499,000	519,000
Average Recorded Investment	832,000	509,000	996,000
Interest Income Recognized	31,000	26,000	20,000
Commercial
Without an allowance recorded:
Unpaid Principal Balance			10,345,000
Recorded Investment			10,345,000
Average Recorded Investment			2,360,000
Interest Income Recognized			38,000
Real estate | Commercial
Without an allowance recorded:
Unpaid Principal Balance	27,984,000	38,518,000
Recorded Investment	26,740,000	38,518,000
Average Recorded Investment	30,142,000	15,975,000
Interest Income Recognized	1,041,000	325,000
Commercial and industrial
With an allowance recorded:
Unpaid Principal Balance			4,192,000
Recorded Investment			4,192,000
Allowance for Loan Losses Allocated			3,662,000
Average Recorded Investment		2,726,000	3,456,000
Without an allowance recorded:
Average Recorded Investment		77,000	951,000
Commercial and industrial | One to four family
With an allowance recorded:
Average Recorded Investment		462,000
Interest Income Recognized		21,000
Consumer
With an allowance recorded:
Unpaid Principal Balance	24,000	302,000
Recorded Investment	24,000	302,000
Allowance for Loan Losses Allocated	24,000	170,000
Average Recorded Investment	79,000	1,766,000
Interest Income Recognized	$ 0	$ 84,000
Consumer | Consumer.
With an allowance recorded:
Unpaid Principal Balance			2,197,000
Recorded Investment			2,197,000
Allowance for Loan Losses Allocated			1,203,000
Average Recorded Investment			1,503,000
Interest Income Recognized			$ 88,000

LOANS (Schedule of Non-accrual

LOANS (Schedule of Non-accrual Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual	$ 24	$ 10,021
Loans Past Due Over 90 Days Still Accruing		265
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual		9,984
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual	$ 24	37
Loans Past Due Over 90 Days Still Accruing		$ 265

LOANS (Schedule of Past Due Loa

LOANS (Schedule of Past Due Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	$ 4,853,495	$ 3,739,527
30 - 59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	8,058	244
60 - 89 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	24,000	94
90 days and greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	24	10,286
Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	32,082	10,624
Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	4,821,413	3,728,903
Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	3,919,948	3,052,626
Real estate | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	3,254,508	2,488,382
Real estate | Commercial | 60 - 89 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	24,000
Real estate | Commercial | 90 days and greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans		9,984
Real estate | Commercial | Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	24,000	9,984
Real estate | Commercial | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	3,230,508	2,478,398
Real estate | Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	143,693	151,791
Real estate | Construction | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	143,693	151,791
Real estate | Multifamily
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	468,540	355,290
Real estate | Multifamily | 30 - 59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	8,000
Real estate | Multifamily | Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	8,000
Real estate | Multifamily | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	460,540	355,290
Real estate | One to four family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	53,207	57,163
Real estate | One to four family | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	53,207	57,163
Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	908,616	654,535
Commercial and industrial | 30 - 59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	37	151
Commercial and industrial | Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	37	151
Commercial and industrial | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	908,579	654,384
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	24,931	32,366
Consumer | 30 - 59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	21	93
Consumer | 60 - 89 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans		94
Consumer | 90 days and greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	24	302
Consumer | Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	45	489
Consumer | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	$ 24,886	$ 31,877

LOANS (Troubled Debt Restructur

LOANS (Troubled Debt Restructurings) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($) loan
Loans and Leases Receivable Disclosure [Line Items]
Loans modified in troubled debt restructurings	$ 1,224	$ 1,288
Number of TDR loans during the period | loan	0	0
Specific reserves modified as TDRs	$ 0	$ 26,000
Number of contracts financing receivable modifications | loan	0	0
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Loans modified in troubled debt restructurings	$ 325	$ 342
One to four family
Loans and Leases Receivable Disclosure [Line Items]
Loans modified in troubled debt restructurings	$ 899	$ 946
COVID 19 - Impact
Loans and Leases Receivable Disclosure [Line Items]
Number of TDR loans during the period | loan	1	8

LOANS (Schedule of Loans by Ris

LOANS (Schedule of Loans by Risk Category) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	$ 4,853,495	$ 3,739,527
Commercial Construction and Multifamily Real Estate Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	4,775,357	3,649,998
Commercial Construction and Multifamily Real Estate Loans [Member] | Pass
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	4,681,312	3,603,196
Commercial Construction and Multifamily Real Estate Loans [Member] | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	67,630	4,519
Commercial Construction and Multifamily Real Estate Loans [Member] | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	26,415	42,283
Real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	3,919,948	3,052,626
Real estate | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	3,254,508	2,488,382
Real estate | Commercial | Pass
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	3,192,212	2,449,864
Real estate | Commercial | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	35,881	342
Real estate | Commercial | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	26,415	38,176
Real estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	143,693	151,791
Real estate | Construction | Pass
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	143,693	151,791
Real estate | Multifamily
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	468,540	355,290
Real estate | Multifamily | Pass
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	468,540	355,290
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	908,616	654,535
Commercial and industrial | Pass
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	876,867	646,251
Commercial and industrial | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	$ 31,749	4,177
Commercial and industrial | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross		$ 4,107

LOANS (COVID-19 Loan Modificati

LOANS (COVID-19 Loan Modifications) (Details) - COVID 19 - Impact $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($)
Financing Receivable, Impaired [Line Items]
Loan Restructuring, Trial Modifications, Amount	$ 20.8	$ 48.9
Percentage of Loans and Leases Receivable, Modified	0.43%	1.31%
Number of loan, full payment deferrals | loan	0
Principal Payment Deferrals
Financing Receivable, Impaired [Line Items]
Loan Restructuring, Trial Modifications, Amount	$ 20.8	$ 39.1
Percentage of Loans and Leases Receivable, Modified	0.43%	1.05%
Full Payment Deferrals
Financing Receivable, Impaired [Line Items]
Loan Restructuring, Trial Modifications, Amount		$ 9.9
Percentage of Loans and Leases Receivable, Modified		0.26%

LEASES (Details)

LEASES (Details) $ in Thousands	Dec. 31, 2022 USD ($)
LEASES
Lease assets	$ 44,339
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets
Lease liabilities	$ 48,364
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities
Weighted average remaining lease term in years	11 years
Weighted average discount rate	2.26%

LEASES - Cashflow (Details)

LEASES - Cashflow (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
LEASES
Operating Lease cost	$ 5,405
Cash paid for amount included in the measurement of operating lease liabilities	$ 4,864

LEASES - Maturity of lease liab

LEASES - Maturity of lease liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Lessee, Operating Lease, Liability, to be Paid [Abstract]
2023	$ 5,202
2024	4,976
2025	4,990
2026	5,008
2027	4,632
Thereafter	30,276
Total	55,084
Less: Present value discount	(6,720)
Total lease liabilities	$ 48,364
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities
Rent expense	$ 4,900	$ 4,700

PREMISES AND EQUIPMENT (Schedul

PREMISES AND EQUIPMENT (Schedule of Premises and equipment) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Total Premises and Equipment	$ 48,525	$ 29,298
Less accumulated depreciation and amortization	(16,656)	(14,182)
Total Premises and Equipment, net	31,869	15,116
Furniture and Equipment
Property, Plant and Equipment [Line Items]
Total Premises and Equipment	14,451	13,032
Land, building and improvements
Property, Plant and Equipment [Line Items]
Total Premises and Equipment	13,479
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Total Premises and Equipment	$ 20,595	$ 16,266

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
PREMISES AND EQUIPMENT
Depreciation and amortization expense	$ 2.5	$ 2.4	$ 2.5

DEPOSITS (Schedule of Deposits)

DEPOSITS (Schedule of Deposits) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
DEPOSITS
Noninterest bearing demand accounts	$ 2,422,151	$ 3,668,673
Money market	2,792,554	2,666,983
Savings accounts	11,144	20,930
Time deposits	52,063	78,986
Total deposits	$ 5,277,912	$ 6,435,572

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
DEPOSITS
Time deposits greater than $250,000	$ 30.8	$ 39.4

DEPOSITS (schedule maturities o

DEPOSITS (schedule maturities of time deposits) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
DEPOSITS
2023	$ 37,614
2024	11,263
2025	2,362
2026	349
2027	475
Total time deposits	$ 52,063	$ 78,986

BORROWINGS (Advances from the F

BORROWINGS (Advances from the FHLB) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2020
BORROWINGS
Federal funds purchased	$ 150,000
Federal Home Loan Bank of New York advances	100,000
Interest expense, Federal funds purchased	601
Interest Expense federal home loan bank advance	$ 292	$ 1,742
Weighted average Interest rate	4.65%
Interest rate	4.58%
Available borrowing capacity from the FHLB	$ 984,400
Available line of credit from FRBNY	$ 137,600

BORROWINGS (Details)

BORROWINGS (Details) - USD ($)				12 Months Ended
	Mar. 08, 2017	Jul. 14, 2006	Dec. 07, 2005	Dec. 31, 2022	Dec. 31, 2021
Federal Home Loan Bank, Advances [Line Items]
Available collateral to borrow an additional amount from FHLB				$ 984,400,000
Interest rate				4.58%
Redemption of subordinated debt				$ 24,712,000
Subordinated Debt
Federal Home Loan Bank, Advances [Line Items]
Debt instrument face amount	$ 25,000,000
Maturity date	Mar. 15, 2027
Interest rate	6.25%
Junior Subordinated Debt [Member]
Federal Home Loan Bank, Advances [Line Items]
Description of periodic payment				twenty consecutive quarterly payments
Period for periodic payment				5 years
Metbank Capital Trust I [Member]
Federal Home Loan Bank, Advances [Line Items]
Investment in common securities of the trust			$ 310,000
Trust preferred securities issued			10,000,000
Metbank Capital Trust I [Member] | Junior Subordinated Debt [Member]
Federal Home Loan Bank, Advances [Line Items]
Debt instrument face amount			$ 10,300,000
Maturity date			Dec. 09, 2035
Description of LIBOR rate basis			three-month LIBOR
Interest rate during period				5.93%	1.97%
Metbank Capital Trust I [Member] | Junior Subordinated Debt [Member] | London Interbank Offered Rate (LIBOR)
Federal Home Loan Bank, Advances [Line Items]
Basis spread on LIBOR variable rate			1.85%
Metbank Capital Trust Two [Member]
Federal Home Loan Bank, Advances [Line Items]
Investment in common securities of the trust		$ 310,000
Trust preferred securities issued		10,000,000
Metbank Capital Trust Two [Member] | Junior Subordinated Debt [Member]
Federal Home Loan Bank, Advances [Line Items]
Debt instrument face amount		$ 10,300,000
Maturity date		Oct. 07, 2036
Description of LIBOR rate basis		3-month LIBOR
Interest rate during period				6.08%	2.12%
Metbank Capital Trust Two [Member] | Junior Subordinated Debt [Member] | London Interbank Offered Rate (LIBOR)
Federal Home Loan Bank, Advances [Line Items]
Basis spread on LIBOR variable rate		2%

INCOME TAXES (Schedule of Incom

INCOME TAXES (Schedule of Income tax expense) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current
Federal									$ 27,311	$ 16,883	$ 10,936
State and local									14,162	12,252	7,226
Total current									41,473	29,135	18,162
Deferred
Federal									(1,919)	(405)	139
State and local									(2,081)	285	151
Total deferred									(4,000)	(120)	290
Total income tax expense	$ 9,021	$ 10,991	$ 10,442	$ 7,019	$ 9,165	$ 7,994	$ 6,229	$ 5,627	$ 37,473	$ 29,015	$ 18,452

INCOME TAXES (Schedule of Defer

INCOME TAXES (Schedule of Deferred tax assets and liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Allowance for loan losses	$ 13,698	$ 10,670
Lease Liabilities	14,782
Net unrealized loss on securities available for sale	27,084	3,731
Off balance sheet reserves	55	55
Restricted stock	1,140	252
Tangible asset	7	10
Non-qualified stock options	285	286
Other	95
Total gross deferred tax assets	57,146	15,004
Deferred tax liabilities:
Right of use lease asset	13,551
Depreciation and amortization	4,390	3,229
Net unrealized gain on interest rate cap	3,302	334
Prepaid assets	548	459
Other		12
Total gross deferred tax liabilities	21,791	4,034
Net deferred tax asset, included in other assets	$ 35,355	$ 10,970

INCOME TAXES (Reconciliation of

INCOME TAXES (Reconciliation of statutory federal income tax rate) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
INCOME TAXES
Pretax income at statutory, amount									$ 20,349	$ 18,810	$ 12,163
Pretax income at statutory rates									21%	21%	21%
State and local taxes, net of federal income tax benefit, amount									$ 9,544	$ 9,904	$ 5,828
State and local taxes, net of federal income tax benefit, rate									9.85%	11.06%	10.06%
Nondeductible expenses, amount									$ 8,175	$ 680	$ 457
Nondeductible expenses, rate									8.44%	0.76%	0.79%
Stock options, amount									$ (302)
Stock options, rate									(0.31%)
Excess tax deduction on equity awards, amount										$ (467)	$ (59)
Excess tax deduction on equity awards, rate										(0.52%)	(0.10%)
Tax-exempt income, net amount									$ (106)	$ (51)
Tax-exempt income, net rate									(0.11%)	(0.06%)
Other, amount									$ (187)	$ 139	$ 63
Other, rate									(0.20%)	0.15%	0.11%
Effective income tax expense, amount	$ 9,021	$ 10,991	$ 10,442	$ 7,019	$ 9,165	$ 7,994	$ 6,229	$ 5,627	$ 37,473	$ 29,015	$ 18,452
Effective income tax expense, rate									38.67%	32.39%	31.86%

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
INCOME TAXES
Unrecognized tax benefits	$ 0	$ 0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2016
Debt Instrument [Line Items]
Interest rate	4.58%
Promissory Note [Member]
Debt Instrument [Line Items]
Outstanding balance of note payable to related party	$ 780,000
Executive Officer [Member] | Promissory Note [Member]
Debt Instrument [Line Items]
Face amount of note payable to related party			$ 780,000
Interest rate	1.09%		2.10%
Maturity date	Aug. 15, 2026		Aug. 15, 2021
Outstanding balance of note payable to related party	$ 780,000	$ 780,000
Pasl Holding Llc [Member] | Principal Officers, Directors, And Their Affiliates [Member]
Debt Instrument [Line Items]
Deposits from related parties	$ 4,600,000	$ 7,300,000

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 958,220	$ 950,996
Amount transfer from level 1 to level 2	0	0
Amount transfer from level 2 to level 1	0	0
Fair value assets measured at fair value on a non-recurring basis	0	0
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value liability	0
Carrying Amount | U.S. Government agency securities | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	59,372	66,334
Carrying Amount | U.S. State and Municipal securities | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	9,212	11,499
Carrying Amount | Residential MBS | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	338,548	466,551
Carrying Amount | Commercial MBS | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	34,850	17,627
Carrying Amount | Asset-backed Securities | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	3,765	4,613
Carrying Amount | CRA mutual fund | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	2,048	2,273
Carrying Amount | Derivative assets - interest rate cap | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value		3,385
Fair Value, Inputs, Level 1 | CRA mutual fund | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	2,048	2,273
Fair Value, Inputs, Level 2 | U.S. Government agency securities | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	59,372	66,334
Fair Value, Inputs, Level 2 | U.S. State and Municipal securities | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	9,212	11,499
Fair Value, Inputs, Level 2 | Residential MBS | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	338,548	466,551
Fair Value, Inputs, Level 2 | Commercial MBS | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	34,850	17,627
Fair Value, Inputs, Level 2 | Asset-backed Securities | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	3,765	4,613
Fair Value, Inputs, Level 2 | Derivative assets - interest rate cap | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 0	$ 3,385

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS (Carrying Amount and Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financial assets:
Securities available for sale	$ 445,747	$ 566,624
Securities held to maturity	437,300	380,100
Other investments
FRB Stock	11,400	7,400
FHLB Stock	9,200	3,100
Financial liabilities:
Noninterest-bearing demand deposits	2,422,151	3,668,673
Time deposits	52,063	78,986
Federal funds purchased	150,000
Federal Home Loan Bank of New York advances	100,000
Carrying Amount
Financial assets:
Cash and due from banks	26,780	28,864
Overnight deposits	230,638	2,330,486
Securities held to maturity	510,425	382,099
Loans, net	4,840,523	3,697,200
Other investments
FRB Stock	11,421	7,430
FHLB Stock	9,191	3,070
Disability Fund	1,000	1,000
Time deposits at banks	498
CRA - CD		498
Receivables from prepaid card programs, net	85,605	39,864
Accrued interest receivable	24,107	15,195
Financial liabilities:
Noninterest-bearing demand deposits	2,422,151	3,668,673
Money market and savings deposits	2,803,698	2,687,913
Time deposits	52,063	78,986
Federal funds purchased	150,000
Federal Home Loan Bank of New York advances	100,000
Trust preferred securities payable	20,620	20,620
Subordinated debt, net of issuance cost		24,712
Prepaid debit cardholder balances	10,579	8,847
Accrued interest payable	728	746
Secured Borrowings	7,725	32,461
Total Fair Value
Financial assets:
Cash and due from banks	26,780	28,864
Overnight deposits	230,638	2,330,486
Securities held to maturity	437,290	380,108
Loans, net	4,737,007	3,721,619
Other investments
Disability Fund	1,000	1,000
Time deposits at banks	498
CRA - CD		498
Receivables from prepaid card programs, net	85,605	39,864
Accrued interest receivable	24,107	15,195
Financial liabilities:
Noninterest-bearing demand deposits	2,422,151	3,668,673
Money market and savings deposits	2,803,698	2,687,913
Time deposits	51,058	79,187
Federal funds purchased	150,000
Federal Home Loan Bank of New York advances	100,000
Trust preferred securities payable	19,953	19,997
Subordinated debt, net of issuance cost		25,125
Prepaid debit cardholder balances	10,579	8,847
Accrued interest payable	728	746
Secured Borrowings	7,725	32,507
Fair Value, Inputs, Level 1
Financial assets:
Cash and due from banks	26,780	28,864
Overnight deposits	230,638	2,330,486
Other investments
Time deposits at banks	498
CRA - CD		498
Financial liabilities:
Noninterest-bearing demand deposits	2,422,151	3,668,673
Money market and savings deposits	2,803,698	2,687,913
Accrued interest payable	112	5
Fair Value, Inputs, Level 2
Financial assets:
Securities held to maturity	437,290	380,108
Other investments
Disability Fund	1,000	1,000
Accrued interest receivable	964	892
Financial liabilities:
Time deposits	51,058	79,187
Federal funds purchased	150,000
Federal Home Loan Bank of New York advances	100,000
Subordinated debt, net of issuance cost		25,125
Accrued interest payable	293	633
Secured Borrowings	7,725	32,507
Fair Value, Inputs, Level 3
Financial assets:
Loans, net	4,737,007	3,721,619
Other investments
Receivables from prepaid card programs, net	85,605	39,864
Accrued interest receivable	23,143	14,303
Financial liabilities:
Trust preferred securities payable	19,953	19,997
Prepaid debit cardholder balances	10,579	8,847
Accrued interest payable	$ 323	$ 108

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2022
Stockholders Equity Note [Line Items]
Redemption of subordinated notes		$ 162,687
Common stock, shares outstanding		10,920,569	10,949,965
Series F, Class B Non-voting Preferred Stock
Stockholders Equity Note [Line Items]
Preferred stock, par value	$ 0.01
Preferred stock, shares outstanding	272,636
Common Stock
Stockholders Equity Note [Line Items]
Net issuance of common stock under stock compensation plans (in shares)	2,300,000	2,300,000
Stock price	$ 75
Redemption of subordinated notes	$ 162,700

STOCK COMPENSATION PLAN (Summar

STOCK COMPENSATION PLAN (Summary of the Status of the Stock Option Plan) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Number of Options
Outstanding, beginning of year	231,000
Exercised	(10,800)
Outstanding, end of year	220,200	231,000
Options vested and exercisable at year-end	220,200
Weighted Average Exercise Price
Outstanding, beginning of year	$ 18
Exercised	18
Outstanding, end of year	18	$ 18
Options vested and exercisable at year-end	$ 18
Weighted average remaining contractual life (years)	1 year 4 months 28 days
Weighted average intrinsic value	$ 40.67
Intrinsic value of exercises	$ 417,000	$ 0

STOCK COMPENSATION PLAN (Summ_2

STOCK COMPENSATION PLAN (Summary of Non-Vested Restricted Stock Awards) (Details) - Restricted stock awards - $ / shares	3 Months Ended	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of shares, Outstanding, beginning of period		90,999	76,289	104,838
Number of shares, Granted	1,785	83,151	78,582	62,092
Number of shares, Forfeited		(578)	(10,200)	(31,781)
Number of shares, Vested		(44,010)	(53,672)	(58,860)
Number of shares, Outstanding at end of period	76,289	129,562	90,999	76,289
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date fair Value, beginning of period		$ 47.35	$ 37.01	$ 29.86
Weighted Average Grant Date fair Value, Granted		102.49	50.80	44.80
Weighted Average Grant Date fair Value, Forfeited		92.44	48.09	38.24
Weighted Average Grant Date fair Value, Vested		37.12	37.57	31.83
Weighted Average Grant Date fair Value, at end of period	$ 37.01	$ 86.01	$ 47.35	$ 37.01

STOCK COMPENSATION PLAN (Detail

STOCK COMPENSATION PLAN (Details) - USD ($)

1 Months Ended

3 Months Ended

12 Months Ended

Jan. 31, 2022

Jan. 31, 2019

Jun. 30, 2022

Mar. 31, 2022

Jun. 30, 2021

Mar. 31, 2021

Dec. 31, 2020

Mar. 31, 2020

Mar. 31, 2018

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Outstanding shares

220,200

231,000

Exercise of stock options (in shares)

10,800

Intrinsic value of exercises

$ 417,000

$ 0

Proceeds from exercise of stock options

194,000

Equity Incentive Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Compensation expense recognized

1,900,000

1,900,000

Restricted stock awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Unrecognized compensation cost related to non-vested stock options

6,100,000

Compensation cost related to stock awards

$ 4,500,000

$ 2,400,000

$ 1,500,000

Number of shares, Granted

1,785

83,151

78,582

62,092

Number of PRSUs forfeited

578

10,200

31,781

Remaining unrecognized compensation expense recognition period

2 years 7 months 24 days

Fair value of shares vested

$ 3,600,000

$ 2,000,000

$ 2,100,000

Restricted stock awards | Key Personnel

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Number of shares, Granted

72,025

78,582

60,307

Vesting period

3 years

Restricted stock awards | Non-employee directors

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Unrecognized compensation cost related to non-vested stock options

$ 0

Compensation cost related to stock awards

300,000

410,000

400,000

Number of shares, Granted

11,126

38,900

Service period (in years)

3 years

Performance-Based Restricted Stock Units (PRSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting period

3 years

Number of PRSUs awarded

90,000

Weighted average service inception date fair value of award share in amount

$ 6,000,000

Equity Incentive Plan 2019 | Performance-Based Restricted Stock Units (PRSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Number of PRSUs awarded

90,000

Equity Incentive Plan 2009 | Performance-Based Restricted Stock Units (PRSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Compensation expense recognized

$ 1,400,000

Equity Incentive Plan 2022

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment award, shares authorized, maximum

358,000

Compensation cost related to stock awards

$ 0

0

Equity Incentive Plan 2022 | Minimum

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Percentage of the exercise price to the fair market value of the shares covered by the stock option on the date of grant in the case of an ISO granted to 10% stockholder

110%

Equity Incentive Plan 2022 | Maximum

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment award, exercise period from the grant date

5 years

Equity Incentive Plan 2022 | Stock Option

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Unrecognized compensation cost related to non-vested stock options

$ 0

$ 0

Equity Incentive Plan 2022 | Stock Option | Minimum

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Percentage of exercise price to the fair market value

100%

Equity Incentive Plan 2022 | Equity Incentive Plan | Maximum

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment award, exercise period from the grant date

10 years

Equity Incentive Plan 2022 | Performance-Based Restricted Stock Units (PRSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Number of PRSUs forfeited

20,800

Vested accerlerated shares

30,000

Equity Incentive Plan 2023 | Performance-Based Restricted Stock Units (PRSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vested accerlerated shares

29,200

Equity Incentive Plan 2024 | Performance-Based Restricted Stock Units (PRSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vested accerlerated shares

30,800

EMPLOYEE BENEFIT PLAN (Details)

EMPLOYEE BENEFIT PLAN (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
EMPLOYEE BENEFIT PLAN
Employer discretionary contribution amount	$ 889,000	$ 774,000

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Outstanding following off-balance-sheet financial instruments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	$ 94,632	$ 89,664
Variable Rate	364,908	346,115
Unused commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	40,685	39,676
Variable Rate	364,908	346,115
Standby and commercial letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	53,947	49,988
Variable Rate	$ 0	$ 0

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Amount of off-balance-sheet financial instruments	$ 94,632	$ 89,664
Pre-tax charge	$ 35,000
Minimum
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed interest rate off-balance-sheet financial instruments	3%	3%
Variable interest rate off-balance-sheet financial instrument		6%	6%
Commitments term		1 year	1 year
Maximum
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed interest rate off-balance-sheet financial instruments	8.50%	8.50%
Variable interest rate off-balance-sheet financial instrument		11.50%	11.50%
Commitments term	2 years
Standby and commercial letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Amount of off-balance-sheet financial instruments	$ 53,947	$ 49,988
Amount of off-balance-sheet financial instruments collateral received	$ 28,700	$ 29,600

REGULATORY CAPITAL (Summary of

REGULATORY CAPITAL (Summary of actual capital amounts and ratios) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 leverage ratio (to average assets), Actual Amount	$ 641,082	$ 575,380
Tier 1 leverage ratio (to average assets), Actual Ratio	0.102	0.085
Tier 1 leverage ratio (to average assets), For Capital Adequacy Amount	$ 250,963	$ 270,863
Tier 1 leverage ratio (to average assets), For Capital Adequacy Ratio	0.040	0.040
Tier 1 common equity (to risk-weighted assets), Actual Amount	$ 620,462	$ 554,760
Tier 1 common equity (to risk-weighted assets), Actual Ratio	0.121	0.141
Tier 1 common equity (to risk-weighted assets), For Capital Adequacy Amount	$ 230,879	$ 177,646
Tier 1 common equity (to risk-weighted assets), For Capital Adequacy Ratio	0.045%	0.045%
Tier 1 common equity (to risk-weighted assets), Minimum Capital Conservation Buffer	0.025	0.025
Tier 1 capital (to risk-weighted assets), Actual Amount	$ 641,082	$ 575,380
Tier 1 capital (to risk-weighted assets), Actual Ratio	0.125	0.146
Tier 1 capital (to risk-weighted assets), For Capital Adequacy Amount	$ 307,838	$ 236,861
Tier 1 capital (to risk-weighted assets), For Capital Adequacy Ratio	0.060	0.060
Tier 1 capital (to risk-weighted assets), Minimum Capital Conservation Buffer	0.025	0.025
Total capital (to risk-weighted assets), Actual Amount	$ 686,139	$ 635,002
Total capital (to risk-weighted assets), Actual Ratio	0.134	0.161
Total capital (to risk-weighted assets), For Capital Adequacy Amount	$ 410,451	$ 315,815
Total capital (to risk-weighted assets), For Capital Adequacy Ratio	0.080	0.080
Total capital (to risk-weighted assets), Minimum Capital Conservation Buffer	0.025	0.025
Percentage of capital conversion buffer	0.054%	0.081%
Metropolitan Commercial Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 leverage ratio (to average assets), Actual Amount	$ 628,825	$ 566,835
Tier 1 leverage ratio (to average assets), Actual Ratio	0.100	0.084
Tier 1 leverage ratio (to average assets), For Capital Adequacy Amount	$ 250,920	$ 270,800
Tier 1 leverage ratio (to average assets), For Capital Adequacy Ratio	0.040	0.040
Tier 1 leverage ratio (to average assets), To be Well Capitalized under Prompt Corrective Action Regulations Amount	$ 313,650	$ 338,499
Tier 1 leverage ratio (to average assets), To be Well Capitalized under Prompt Corrective Action Regulations Ratio	0.050	0.050
Tier 1 common equity (to risk-weighted assets), Actual Amount	$ 628,825	$ 566,835
Tier 1 common equity (to risk-weighted assets), Actual Ratio	0.123	0.144
Tier 1 common equity (to risk-weighted assets), For Capital Adequacy Amount	$ 230,815	$ 177,582
Tier 1 common equity (to risk-weighted assets), For Capital Adequacy Ratio	0.045%	0.045%
Tier 1 common equity (to risk-weighted assets), To be Well Capitalized under Prompt Corrective Action Regulations Amount	$ 333,399	$ 256,508
Tier 1 common equity (to risk-weighted assets), To be Well Capitalized under Prompt Corrective Action Regulations Ratio	0.065%	0.065%
Tier 1 common equity (to risk-weighted assets), Minimum Capital Conservation Buffer	0.025	0.025
Tier 1 capital (to risk-weighted assets), Actual Amount	$ 628,825	$ 566,835
Tier 1 capital (to risk-weighted assets), Actual Ratio	0.123	0.144
Tier 1 capital (to risk-weighted assets), For Capital Adequacy Amount	$ 307,753	$ 236,777
Tier 1 capital (to risk-weighted assets), For Capital Adequacy Ratio	0.060	0.060
Tier 1 capital (to risk-weighted assets), To be Well Capitalized under Prompt Corrective Action Regulations Amount	$ 410,337	$ 315,702
Tier 1 capital (to risk-weighted assets), To be Well Capitalized under Prompt Corrective Action Regulations Ratio	0.080	0.080
Tier 1 capital (to risk-weighted assets), Minimum Capital Conservation Buffer	0.025	0.025
Total capital (to risk-weighted assets), Actual Amount	$ 673,876	$ 601,740
Total capital (to risk-weighted assets), Actual Ratio	0.131	0.152
Total capital (to risk-weighted assets), For Capital Adequacy Amount	$ 410,337	$ 315,702
Total capital (to risk-weighted assets), For Capital Adequacy Ratio	0.080	0.080
Total capital (to risk-weighted assets), To be Well Capitalized under Prompt Corrective Action Regulations Amount	$ 512,922	$ 394,628
Total capital (to risk-weighted assets), To be Well Capitalized under Prompt Corrective Action Regulations Ratio	0.100	0.100
Total capital (to risk-weighted assets), Minimum Capital Conservation Buffer	0.025	0.025
Percentage of capital conversion buffer	0.051%	0.073%

EARNINGS PER COMMON SHARE (Comp

EARNINGS PER COMMON SHARE (Computation of Basic and Diluted Earnings per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Basic
Net income	$ (7,740)	$ 24,955	$ 23,189	$ 19,021	$ 18,887	$ 16,215	$ 13,336	$ 12,117	$ 59,425	$ 60,555	$ 39,466
Less: Earnings allocated to participating securities									(141)	(739)	(344)
Net income available to common stockholders									$ 59,284	$ 59,816	$ 39,122
Weighted average common shares outstanding including participating securities									10,955,077	9,123,037	8,293,677
Less: Weighted average participating securities									(26,056)	(111,337)	(72,248)
Weighted average common shares outstanding									10,929,021	9,011,700	8,221,429
Basic earnings (loss) per common share (in dollars per share)	$ (0.71)	$ 2.28	$ 2.12	$ 1.74	$ 1.74	$ 1.82	$ 1.59	$ 1.46	$ 5.42	$ 6.64	$ 4.76
Diluted
Net income allocated to common shareholders									$ 59,284	$ 59,816	$ 39,122
Weighted average common shares outstanding for basic earnings per common share									10,929,021	9,011,700	8,221,429
Average shares and dilutive potential common shares									11,200,184	9,272,822	8,398,444
Diluted earnings (loss) per common share (in dollars per share)	$ (0.71)	$ 2.23	$ 2.07	$ 1.69	$ 1.69	$ 1.77	$ 1.55	$ 1.43	$ 5.29	$ 6.45	$ 4.66
Stock Option
Diluted
Add: Dilutive effects of assumed exercise of stock options									170,648	170,792	103,463
Performance-Based Restricted Stock Units (PRSUs)
Diluted
Dilutive effects of assumed vesting units									56,711	51,581	73,552
Restricted stock awards
Diluted
Dilutive effects of assumed vesting units									43,804	38,749

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Schedule of Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ (7,504)
Unrealized holding gain (loss) arising during the period	(76,934)	$ (14,722)	$ 4,877
Reclassification adjustment for gains included in net income		(609)	(3,286)
Tax effect	23,353	4,795	(514)
Net of tax	(53,581)	(10,536)	1,077
Unrealized gain (loss) arising during the period	11,704	2,957	(1,925)
Reclassification adjustment for gains included in net income	(1,949)
Tax effect	(2,968)	(898)	614
Net of tax	6,787	2,059	(1,311)
Net current period other comprehensive income (loss)	(46,794)	(8,477)	(234)
Ending balance	(54,298)	(7,504)
AOCI (Loss), Net
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(7,504)	973	1,207
Net current period other comprehensive income (loss)	(46,794)	(8,477)	(234)
Ending balance	$ (54,298)	$ (7,504)	$ 973

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Licensing fees									$ (10,477)	$ (8,606)	$ (9,653)
Income tax (expense) benefit	$ (9,021)	$ (10,991)	$ (10,442)	$ (7,019)	$ (9,165)	$ (7,994)	$ (6,229)	$ (5,627)	(37,473)	(29,015)	(18,452)
Total reclassifications, net of income tax									59,425	60,555	39,466
Reclassifications out of accumulated other comprehensive (loss) income | AFS Securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gain on sale										609	3,286
Income tax (expense) benefit										(197)	(1,036)
Total reclassifications, net of income tax										$ 412	$ 2,250
Reclassifications out of accumulated other comprehensive (loss) income | Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Licensing fees									1,949
Income tax (expense) benefit									(599)
Total reclassifications, net of income tax									$ 1,350

ACCUMULATED OTHER COMPREHENSI_5

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Proceeds from sales and calls of securities and associated gains and losses) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Proceeds from Sales and Calls of Securities	$ 0	$ 43.2	$ 141.4

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Schedule of non-interest income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Non-interest income	$ 26,851	$ 23,150	$ 13,669
Service charges on deposit accounts
Non-interest income	5,747	4,755	3,728
Global payments revenue
Non-interest income	19,341	16,445	8,464
Other service charges and fees
Non-interest income	$ 1,763	$ 1,950	$ 1,477

DERIVATIVES - Derivative positi

DERIVATIVES - Derivative position (Details) - Derivatives designated as hedging instruments - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest rate caps related to customer deposits
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount, derivative asset		$ 300,000	$ 300,000
Fair value		3,385
Derivatives unrecognized, termination value	$ 12,700
Other assets.
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount, derivative asset		300,000
Fair value		$ 3,385

DERIVATIVES - Cash flow hedge a

DERIVATIVES - Cash flow hedge accounting (Details) - Derivatives designated as hedging instruments - Interest rate caps related to customer deposits - Cash flow hedge - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain (loss) recognized in OCI, net of tax	$ 8,131	$ 2,059	$ (1,311)
Amount of gain (loss) reclassified from OCI into income	$ 1,949
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Licensing Fees

PARENT COMPANY FINANCIAL INFO_3

PARENT COMPANY FINANCIAL INFORMATION (Condensed Balance Sheets) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 26,780	$ 28,864
Loans, net of allowance for loan losses	4,795,647	3,697,200
Other assets	148,337	56,950
Total assets	6,267,337	7,116,358
Liabilities and Stockholders' Equity
Trust preferred securities	20,620	20,620
Subordinated debt payable, net of issuance costs		24,712
Other liabilities	124,604	37,157
Total liabilities	5,691,440	6,559,369
Stockholders' equity:
Common stock	109	109
Surplus	389,276	382,999
Retained earnings	240,810	181,385
Accumulated other comprehensive income (loss), net of tax	(54,298)	(7,504)
Total equity	575,897	556,989	$ 340,787	$ 299,124
Total liabilities and stockholders' equity	6,267,337	7,116,358
Parent Company
Assets
Cash and due from banks	9,476	32,328
Loans, net of allowance for loan losses	776	776
Investments	620	620
Investment in subsidiary bank, at equity	584,522	569,327
Other assets	1,520	6
Total assets	596,914	603,057
Liabilities and Stockholders' Equity
Trust preferred securities	20,620	20,620
Subordinated debt payable, net of issuance costs		24,712
Other liabilities	397	736
Total liabilities	21,017	46,068
Stockholders' equity:
Common stock	109	109
Surplus	389,276	382,999
Retained earnings	240,810	181,385
Accumulated other comprehensive income (loss), net of tax	(54,298)	(7,504)
Total equity	575,897	556,989
Total liabilities and stockholders' equity	$ 596,914	$ 603,057

PARENT COMPANY FINANCIAL INFO_4

PARENT COMPANY FINANCIAL INFORMATION (Condensed Statements of Income) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income:
Loans									$ 231,851,000	$ 164,528,000	$ 136,497,000
Securities and money market funds											34,000
Total interest income	$ 80,554,000	$ 70,057,000	$ 59,158,000	$ 50,970,000	$ 49,110,000	$ 45,018,000	$ 41,050,000	$ 38,106,000	260,739,000	173,284,000	143,097,000
Interest expense
Trust preferred securities									799,000	424,000	572,000
Subordinated debt									605,000	1,618,000	1,618,000
Total interest expense	16,655,000	6,732,000	3,856,000	4,338,000	4,300,000	4,226,000	4,077,000	3,680,000	31,581,000	16,283,000	18,176,000
Net interest expense	63,899,000	63,325,000	55,302,000	46,632,000	44,810,000	40,792,000	36,973,000	34,426,000	229,158,000	157,001,000	124,921,000
Provision for loan losses	2,309,000	2,007,000	2,400,000	3,400,000	501,000	490,000	1,875,000	950,000	10,116,000	3,816,000	9,488,000
Net interest expense after provision for loan losses	61,590,000	61,318,000	52,902,000	43,232,000	44,309,000	40,302,000	35,098,000	33,476,000	219,042,000	153,185,000	115,433,000
Other expense									13,354,000	8,940,000	7,178,000
Income before income tax expense	1,281,000	35,946,000	33,631,000	26,040,000	28,052,000	24,209,000	19,565,000	17,744,000	96,898,000	89,570,000	57,918,000
Income tax benefit	9,021,000	10,991,000	10,442,000	7,019,000	9,165,000	7,994,000	6,229,000	5,627,000	37,473,000	29,015,000	18,452,000
Net Income	$ (7,740,000)	$ 24,955,000	$ 23,189,000	$ 19,021,000	$ 18,887,000	$ 16,215,000	$ 13,336,000	$ 12,117,000	59,425,000	60,555,000	39,466,000
Comprehensive income									12,631,000	52,078,000	39,232,000
Parent Company
Income:
Loans									9,000	14,000	17,000
Securities and money market funds									25,000	13,000	18,000
Total interest income									34,000	27,000	35,000
Interest expense
Trust preferred securities									823,000	438,000	590,000
Subordinated debt									605,000	1,618,000	1,618,000
Total interest expense									1,428,000	2,056,000	2,208,000
Net interest expense									(1,394,000)	(2,029,000)	(2,173,000)
Net interest expense after provision for loan losses									(1,394,000)	(2,029,000)	(2,173,000)
Other expense									2,767,000	1,288,000	2,338,000
Loss before undistributed earnings of subsidiary bank									(4,161,000)	(3,317,000)	(4,511,000)
Equity in undistributed earnings of subsidiary bank									62,357,000	62,798,000	42,844,000
Income before income tax expense									58,196,000	59,481,000	38,333,000
Income tax benefit									1,229,000	1,074,000	1,133,000
Net Income									59,425,000	60,555,000	39,466,000
Comprehensive income									$ 12,631,000	$ 52,078,000	$ 39,232,000

PARENT COMPANY FINANCIAL INFO_5

PARENT COMPANY FINANCIAL INFORMATION (Condensed Statement of Cash Flows) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash Flows From Operating Activities
Net Income	$ (7,740,000)	$ 24,955,000	$ 23,189,000	$ 19,021,000	$ 18,887,000	$ 16,215,000	$ 13,336,000	$ 12,117,000	$ 59,425,000	$ 60,555,000	$ 39,466,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Cash dividend from subsidiary bank									33,000	22,000	41,000
Other assets									3,407,000	6,167,000	(5,121,000)
Increase (decrease) in other liabilities									43,179,000	(25,200,000)	37,572,000
Net cash provided by (used in) operating activities									85,891,000	37,277,000	87,270,000
Cash Flows From Investing Activities
Net cash provided by (used in) investing activities									(1,229,350,000)	(1,302,997,000)	(489,035,000)
Cash Flows From Financing Activities:
Redemption of common stock for tax withholdings for restricted stock vesting									(1,559,000)	(3,385,000)	(881,000)
Redemption of subordinated debt									24,712,000
Proceeds from issuance of common stock, net										162,687,000
Proceeds from exercise of stock options									194,000
Net cash provided by (used in) financing activities									(958,473,000)	2,760,765,000	876,850,000
Increase (decrease) in cash and cash equivalents									(2,101,932,000)	1,495,045,000	475,085,000
Cash and cash equivalents at the beginning of the period				2,359,350,000				864,305,000	2,359,350,000	864,305,000	389,220,000
Cash and cash equivalents at the end of the period	257,418,000				2,359,350,000				257,418,000	2,359,350,000	864,305,000
Parent Company
Cash Flows From Operating Activities
Net Income									59,425,000	60,555,000	39,466,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Undistributed earnings of subsidiary bank									(62,357,000)	(58,798,000)	(42,844,000)
Cash dividend from subsidiary bank										4,000,000
Other operating adjustments									6,351,000	(746,000)	2,438,000
Net cash provided by (used in) operating activities									3,419,000	5,011,000	(940,000)
Cash Flows From Investing Activities
Investments in subsidiary bank										(132,000,000)
Net cash provided by (used in) investing activities										(132,000,000)
Cash Flows From Financing Activities:
Redemption of common stock for tax withholdings for restricted stock vesting									(1,559,000)	(3,385,000)	(881,000)
Redemption of subordinated debt									(24,712,000)
Proceeds from issuance of common stock, net										162,687,000
Net cash provided by (used in) financing activities									(26,271,000)	159,302,000	(881,000)
Increase (decrease) in cash and cash equivalents									(22,852,000)	32,313,000	(1,821,000)
Cash and cash equivalents at the beginning of the period				$ 32,328,000				$ 15,000	32,328,000	15,000	1,836,000
Cash and cash equivalents at the end of the period	$ 9,476,000				$ 32,328,000				$ 9,476,000	$ 32,328,000	$ 15,000

UNAUDITED QUARTERLY FINANCIAL_3

UNAUDITED QUARTERLY FINANCIAL DATA (Selected Consolidated Quarterly Financial Data) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Quarterly Financial Information (Unaudited)
Interest income	$ 80,554	$ 70,057	$ 59,158	$ 50,970	$ 49,110	$ 45,018	$ 41,050	$ 38,106	$ 260,739	$ 173,284	$ 143,097
Interest expense	16,655	6,732	3,856	4,338	4,300	4,226	4,077	3,680	31,581	16,283	18,176
Net interest income	63,899	63,325	55,302	46,632	44,810	40,792	36,973	34,426	229,158	157,001	124,921
Provision for loan losses	2,309	2,007	2,400	3,400	501	490	1,875	950	10,116	3,816	9,488
Net interest income after provision for loan losses	61,590	61,318	52,902	43,232	44,309	40,302	35,098	33,476	219,042	153,185	115,433
Non-interest income	6,350	5,818	6,998	7,427	7,057	5,891	6,156	4,593	26,593	23,697	17,003
Non-interest expense	66,659	31,190	26,269	24,619	23,314	21,984	21,689	20,325	148,737	87,312	74,518
Income before income taxes	1,281	35,946	33,631	26,040	28,052	24,209	19,565	17,744	96,898	89,570	57,918
Income tax expense	9,021	10,991	10,442	7,019	9,165	7,994	6,229	5,627	37,473	29,015	18,452
Net Income	$ (7,740)	$ 24,955	$ 23,189	$ 19,021	$ 18,887	$ 16,215	$ 13,336	$ 12,117	$ 59,425	$ 60,555	$ 39,466
Basic earnings (loss) per common share (in dollars per share)	$ (0.71)	$ 2.28	$ 2.12	$ 1.74	$ 1.74	$ 1.82	$ 1.59	$ 1.46	$ 5.42	$ 6.64	$ 4.76
Diluted earnings (loss) per common share (in dollars per share)	$ (0.71)	$ 2.23	$ 2.07	$ 1.69	$ 1.69	$ 1.77	$ 1.55	$ 1.43	$ 5.29	$ 6.45	$ 4.66