HomeStreet (HMST) 10-Q 5 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Aug. 02, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-35424
Entity Registrant Name	HOMESTREET, INC.
Entity Incorporation, State or Country Code	WA
Entity Tax Identification Number	91-0186600
Entity Address, Address Line One	601 Union Street
Entity Address, Address Line Two	Suite 2000
Entity Address, City or Town	Seattle
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98101
City Area Code	206
Local Phone Number	623-3050
Title of 12(b) Security	Common Stock
Trading Symbol	HMST
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Smaller Reporting Company	false
Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		18,717,168
Entity Central Index Key	0001518715
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 75,277	$ 65,214
Investment securities	1,237,957	1,006,691
Loans held for sale ("LHFS")	47,314	176,131
Loans held for investment ("LHFI") (net of allowance for credit losses of $37,355 and $47,123)	6,722,382	5,495,726
Mortgage servicing rights ("MSRs")	114,611	100,999
Premises and equipment, net	54,213	58,154
Other real estate owned ("OREO")	1,753	735
Goodwill and other intangible assets	31,219	31,709
Other assets	298,160	268,732
Total assets	8,582,886	7,204,091
Liabilities:
Deposits	6,183,299	6,146,509
Borrowings	1,458,000	41,000
Long-term debt	224,227	126,026
Accounts payable and other liabilities	136,593	175,217
Total liabilities	8,002,119	6,488,752
Commitments and contingencies
Shareholders' equity:
Common stock, no par value, authorized 160,000,000 shares, issued and outstanding, 18,712,789 shares and 20,085,336 shares	224,776	249,856
Retained earnings	419,254	444,343
Accumulated other comprehensive income (loss)	(63,263)	21,140
Total shareholders' equity	580,767	715,339
Total liabilities and shareholders' equity	$ 8,582,886	$ 7,204,091

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Beginning balance	$ 37,355	$ 47,123
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	160,000,000	160,000,000
Common stock, shares issued (in shares)	18,712,789
Common stock, shares outstanding (in shares)	18,712,789	20,085,336

Consolidated Income Statements

Consolidated Income Statements - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest income:
Loans	$ 59,825	$ 57,078	$ 112,779	$ 110,646
Investment securities	7,379	5,010	13,345	10,961
Cash, Fed Funds and other	487	159	595	331
Total interest income	67,691	62,247	126,719	121,938
Interest expense:
Deposits	2,893	2,773	5,177	6,423
Borrowings	4,742	1,502	6,940	3,026
Total interest expense	7,635	4,275	12,117	9,449
Net interest income	60,056	57,972	114,602	112,489
Provision for credit losses	0	(4,000)	(9,000)	(4,000)
Net interest income after provision for credit losses	60,056	61,972	123,602	116,489
Noninterest income:
Net gain on loan origination and sale activities	5,292	21,271	13,566	54,730
Loan servicing income	3,661	1,931	6,965	2,679
Deposit fees	2,218	1,997	4,293	3,821
Other	1,842	3,025	3,747	5,827
Total noninterest income	13,013	28,224	28,571	67,057
Noninterest expense:
Compensation and benefits	30,191	34,378	62,222	70,213
Information services	7,780	6,949	14,842	13,733
Occupancy	5,898	5,973	12,263	12,465
General, administrative and other	6,768	5,515	15,783	13,012
Total noninterest expense	50,637	52,815	105,110	109,423
Income before income taxes	22,432	37,381	47,063	74,123
Income tax expense	4,711	8,224	9,391	15,303
Net income	$ 17,721	$ 29,157	$ 37,672	$ 58,820
Net income per share:
Basic (in dollars per share)	$ 0.95	$ 1.38	$ 1.97	$ 2.76
Diluted (in dollars per share)	$ 0.94	$ 1.37	$ 1.95	$ 2.72
Weighted average shares outstanding:
Basic (in shares)	18,706,953	21,057,473	19,143,925	21,345,969
Diluted (in shares)	18,834,443	21,287,974	19,310,750	21,623,298

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 17,721	$ 29,157	$ 37,672	$ 58,820
Other comprehensive income (loss):
Unrealized gain (loss) on investment securities available for sale ("AFS")	(42,545)	10,236	(110,732)	(9,445)
Reclassification for net (gains) losses included in income	0	(62)	(71)	(62)
Other comprehensive income (loss) before tax	(42,545)	10,174	(110,803)	(9,507)
Income tax impact of:
Unrealized gain (loss) on investment securities AFS	(10,211)	2,150	(26,383)	(1,983)
Reclassification for net (gains) losses included in income	0	(13)	(17)	(13)
Total	(10,211)	2,137	(26,400)	(1,996)
Other comprehensive income (loss)	(32,334)	8,037	(84,403)	(7,511)
Total comprehensive income (loss)	$ (14,613)	$ 37,194	$ (46,731)	$ 51,309

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common stock	Retained earnings	Accumulated other comprehensive income (loss)
Common stock shares outstanding, beginning balance (in shares) at Dec. 31, 2020		21,796,904
Beginning balance at Dec. 31, 2020	$ 717,750	$ 278,505	$ 403,888	$ 35,357
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	58,820		58,820
Share-based compensation expense	1,665	$ 1,665
Common stock issued - Option exercise; stock grants (in shares)		193,365
Common stock issued - Option exercise; stock grants	2,044	$ 2,044
Other comprehensive income (loss)	(7,511)			(7,511)
Dividends declared on common stock	(10,912)		(10,912)
Common stock repurchased (in shares)		(1,198,610)
Common stock repurchased	(53,125)	$ (21,440)	(31,685)
Common stock shares outstanding, ending balance (in shares) at Jun. 30, 2021		20,791,659
Ending balance at Jun. 30, 2021	708,731	$ 260,774	420,111	27,846
Common stock shares outstanding, beginning balance (in shares) at Mar. 31, 2021		21,360,514
Beginning balance at Mar. 31, 2021	701,463	$ 269,942	411,712	19,809
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	29,157		29,157
Share-based compensation expense	855	$ 855
Common stock issued - Option exercise; stock grants (in shares)		5,108
Common stock issued - Option exercise; stock grants	195	$ 195
Other comprehensive income (loss)	8,037			8,037
Dividends declared on common stock	(5,378)		(5,378)
Common stock repurchased (in shares)		(573,963)
Common stock repurchased	(25,598)	$ (10,218)	(15,380)
Common stock shares outstanding, ending balance (in shares) at Jun. 30, 2021		20,791,659
Ending balance at Jun. 30, 2021	$ 708,731	$ 260,774	420,111	27,846
Common stock shares outstanding, beginning balance (in shares) at Dec. 31, 2021	20,085,336	20,085,336
Beginning balance at Dec. 31, 2021	$ 715,339	$ 249,856	444,343	21,140
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	37,672		37,672
Share-based compensation expense	2,297	$ 2,297
Common stock issued - Option exercise; stock grants (in shares)		126,218
Common stock issued - Option exercise; stock grants	0
Other comprehensive income (loss)	(84,403)			(84,403)
Dividends declared on common stock	(13,797)		(13,797)
Common stock repurchased (in shares)		(1,498,765)
Common stock repurchased	$ (76,341)	$ (27,377)	(48,964)
Common stock shares outstanding, ending balance (in shares) at Jun. 30, 2022	18,712,789	18,712,789
Ending balance at Jun. 30, 2022	$ 580,767	$ 224,776	419,254	(63,263)
Common stock shares outstanding, beginning balance (in shares) at Mar. 31, 2022		18,700,536
Beginning balance at Mar. 31, 2022	601,231	$ 223,718	408,442	(30,929)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	17,721		17,721
Share-based compensation expense	1,221	$ 1,221
Common stock issued - Option exercise; stock grants (in shares)		21,378
Common stock issued - Option exercise; stock grants	0	$ 0
Other comprehensive income (loss)	(32,334)			(32,334)
Dividends declared on common stock	(6,633)		(6,633)
Common stock repurchased (in shares)		(9,125)
Common stock repurchased	$ (439)	$ (163)	(276)
Common stock shares outstanding, ending balance (in shares) at Jun. 30, 2022	18,712,789	18,712,789
Ending balance at Jun. 30, 2022	$ 580,767	$ 224,776	$ 419,254	$ (63,263)

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Stockholders' Equity [Abstract]
Dividends declared on common stock (USD per share)	$ 0.35	$ 0.25	$ 0.70	$ 0.50

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 37,672	$ 58,820
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	(9,000)	(4,000)
Depreciation and amortization, premises and equipment	5,134	4,788
Amortization of premiums and discounts: securities, deposits, debt	2,036	3,204
Operating leases: excess of payments over amortization	(2,158)	(2,016)
Amortization of finance leases	293	546
Amortization of core deposit intangibles	490	587
Amortization of deferred loan fees and costs	(619)	(4,825)
Share-based compensation expense	2,297	1,665
Deferred income tax expense (benefit)	6,991	5,353
Origination of LHFS	(476,350)	(1,336,342)
Proceeds from sale of LHFS	607,523	1,380,651
Net fair value adjustment and gain on sale of LHFS	5,478	(25,441)
Origination of MSRs	(8,975)	(20,472)
Net gain on sale of loans originated as LHFI	0	(4,613)
Change in fair value of MSRs	(8,686)	4,434
Amortization of servicing rights	4,049	3,477
Net change in trading securities	(33,074)	0
(Increase) decrease in other assets	17,912	(6,414)
Increase (decrease) in accounts payable and other liabilities	(5,882)	(4,227)
Net cash provided by operating activities	145,131	55,175
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of investment securities	(356,539)	(86,333)
Proceeds from sale of investment securities	962	28,187
Principal payments on investment securities	64,719	114,367
Proceeds from sale of OREO	952
Proceeds from sale of loans originated as LHFI	0	251,474
Net increase in LHFI	(1,226,169)	(272,051)
Purchase of premises and equipment	(2,014)	(827)
Proceeds from sale of Federal Home Loan Bank stock	31,683	86,321
Purchases of Federal Home Loan Bank stock	(88,314)	(76,726)
Net cash provided by (used in) investing activities	(1,574,720)	44,412
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase (decrease) in deposits, net	13,710	264,898
Changes in short-term borrowings, net	1,417,000	(322,800)
Proceeds from other long-term borrowings	0	50,000
Proceeds from debt issuance, net	98,036	0
Repayment of finance lease principal	(297)	(613)
Repurchases of common stock	(75,000)	(50,001)
Proceeds from exercise of stock options	0	263
Dividends paid on common stock	(13,797)	(10,912)
Net cash provided by (used in) financing activities	1,439,652	(69,165)
Net increase in cash and cash equivalents	10,063	30,422
Cash and cash equivalents, beginning of year	65,214	58,049
Cash and cash equivalents, end of period	75,277	88,471
Cash paid during the period for:
Interest	9,957	9,517
Federal and state income taxes	310	23,367
Non-cash activities:
Increase in lease assets and lease liabilities	3,858	467
Loans transferred from LHFI to LHFS, net	7,834	128,824
LHFI foreclosed and transferred to OREO	1,018	0
Ginnie Mae loans derecognized with the right to repurchase, net	6,239	44,680
Repurchase of common stock-award shares	$ 1,341	$ 3,124

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: HomeStreet, Inc., a State of Washington corporation organized in 1921 (the "Corporation"), is a Washington-based diversified financial services holding company whose operations are primarily conducted through its wholly owned subsidiaries (collectively the "Company") HomeStreet Capital Corporation, HomeStreet Statutory Trusts and HomeStreet Bank (the "Bank"), and the Bank's subsidiaries, Continental Escrow Company, HomeStreet Foundation, HS Properties, Inc., HS Evergreen Corporate Center LLC, and Union Street Holdings LLC. The Company is principally engaged in commercial banking, mortgage banking and consumer/retail banking activities serving customers primarily in the Western United States. The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"). The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant inter-company accounts and transactions have been eliminated in consolidation. The Company allocates resources and assesses financial performance on a consolidated basis and therefore has one reporting segment. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting periods. Actual results could differ significantly from those estimates. Certain amounts in the financial statements from prior periods have been reclassified to conform to the current financial statement presentation. These unaudited interim financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results for the periods presented. These adjustments are of a normal recurring nature, unless otherwise disclosed in this Quarterly Report on Form 10-Q. The results of operations in the interim financial statements do not necessarily indicate the results that may be expected for the full year. The interim financial information should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2021, filed with the Securities and Exchange Commission ("2021 Annual Report on Form 10-K"). Recent Accounting Developments In March 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2020-04, Reference Rate Reform (Topic 848). This ASU provides optional expedients and exceptions for contracts, hedging relationships, and other transactions that reference London Interbank Offered Rate ("LIBOR") rates expected to be discontinued because of reference rate reform. In January 2021, the FASB issued ASU 2021-01, "Reference Rate Reform (Topic 848)," which clarifies certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting applied to derivatives that are affected by the transition to alternative rates. The ASUs are effective for all entities as of March 12, 2020 through December 31, 2022. The adoption of these ASUs is not expected to have a material impact on the Company’s financial position or results of operations.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES: The following table sets forth certain information regarding the amortized cost basis and fair values of our investment securities AFS and held-to-maturity ("HTM"): At June 30, 2022 (in thousands) Amortized Gross Gross Fair AFS Mortgage backed securities ("MBS"): Residential $ 131,458 $ 137 $ (2,664) $ 128,931 Commercial 70,076 — (6,503) 63,573 Collateralized mortgage obligations ("CMOs"): Residential 314,451 175 (18,577) 296,049 Commercial 131,781 75 (5,265) 126,591 Municipal bonds 582,262 826 (47,735) 535,353 Corporate debt securities 31,792 — (1,462) 30,330 U.S. Treasury securities 23,178 — (2,248) 20,930 Total $ 1,284,998 $ 1,213 $ (84,454) $ 1,201,757 HTM Municipal bonds $ 3,118 $ 3 $ (32) $ 3,089 At December 31, 2021 (in thousands) Amortized Gross Gross Fair AFS MBS: Residential $ 32,905 $ 396 $ (338) $ 32,963 Commercial 62,094 933 (235) 62,792 CMOs: Residential 186,703 2,012 (1,321) 187,394 Commercial 135,102 1,890 (333) 136,659 Municipal bonds 516,693 24,154 (924) 539,923 Corporate debt securities 18,918 699 (1) 19,616 U.S. Treasury securities 23,348 — (173) 23,175 Total $ 975,763 $ 30,084 $ (3,325) $ 1,002,522 HTM Municipal bonds $ 4,169 $ 136 $ — $ 4,305 At June 30, 2022, the Company held $33.1 million of trading securities, consisting of US Treasury notes used as economic hedges of our mortgage servicing rights, which are carried at fair value and included as investment securities on the balance sheet. Unrealized gains, net, on trading securities, which are included in loan servicing income, were $45 thousand at June 30, 2022. For the three and six months ended June 30, 2022, trading losses of $3.1 million and $3.9 million, respectively, were recorded in servicing income on the consolidated income statements. MBS and CMOs represent securities issued by government sponsored enterprises ("GSEs"). Most of the MBS and CMO securities in our investment portfolio are guaranteed by Fannie Mae, Ginnie Mae or Freddie Mac. Municipal bonds are comprised of general obligation bonds (i.e., backed by the general credit of the issuer) and revenue bonds (i.e., backed by either collateral or revenues from the specific project being financed) issued by various municipal corporations. As of June 30, 2022 and December 31, 2021, all securities held, including municipal bonds and corporate debt securities, were rated investment grade, based upon external ratings where available and, where not available, based upon internal ratings which correspond to ratings as defined by Standard and Poor's Rating Services or Moody's Investors Services. Investment securities AFS that were in an unrealized loss position are presented in the following tables based on the length of time the individual securities have been in an unrealized loss position: At June 30, 2022 Less than 12 months 12 months or more Total (in thousands) Gross Fair Gross Fair Gross Fair AFS MBS: Residential $ (2,106) $ 60,558 $ (558) $ 2,089 $ (2,664) $ 62,647 Commercial (6,503) 63,553 — — (6,503) 63,553 CMOs: Residential (14,699) 263,668 (3,878) 19,095 (18,577) 282,763 Commercial (4,410) 98,776 (855) 7,267 (5,265) 106,043 Municipal bonds (44,369) 449,658 (3,366) 10,638 (47,735) 460,296 Corporate debt securities (1,462) 30,259 — — (1,462) 30,259 U.S. Treasury securities (2,248) 20,930 — — (2,248) 20,930 Total $ (75,797) $ 987,402 $ (8,657) $ 39,089 $ (84,454) $ 1,026,491 HTM Municipal bonds $ (32) $ 2,443 $ — $ — $ (32) $ 2,443 At December 31, 2021 Less than 12 months 12 months or more Total (in thousands) Gross Fair Gross Fair Gross Fair MBS: Residential $ (38) $ 5,324 $ (300) $ 2,406 $ (338) $ 7,730 Commercial (235) 18,127 — — (235) 18,127 CMOs: Residential (1,007) 53,068 (314) 7,116 (1,321) 60,184 Commercial (135) 14,806 (198) 5,132 (333) 19,938 Municipal bonds (914) 64,237 (10) 1,058 (924) 65,295 Corporate debt securities (1) 3,164 — — (1) 3,164 U.S. Treasury securities (173) 23,175 — — (173) 23,175 Total $ (2,503) $ 181,901 $ (822) $ 15,712 $ (3,325) $ 197,613 The Company has evaluated AFS securities that are in an unrealized loss position and has determined that the decline in value is temporary and is related to the change in market interest rates since purchase. The decline in value is not related to any issuer- or industry-specific credit event. The Company has not identified any expected credit losses on its debt securities as of June 30, 2022 or December 31, 2021. In addition, as of June 30, 2022 and December 31, 2021, the Company had not made a decision to sell any of its debt securities held, nor did the Company consider it more likely than not that it would be required to sell such securities before recovery of their amortized cost basis. The following tables present the fair value of investment securities AFS and HTM by contractual maturity along with the associated contractual yield: At June 30, 2022 Within one year After one year After five years After Total (dollars in thousands) Fair Weighted Fair Weighted Fair Weighted Fair Weighted Fair Weighted AFS Municipal bonds $ 4,122 3.55 % $ 16,348 3.02 % $ 73,618 3.46 % $ 441,265 2.99 % $ 535,353 3.05 % Corporate debt securities — — % 5,463 3.50 % 24,867 4.34 % — — % 30,330 4.20 % U.S. Treasury securities — — % — — % 20,930 1.16 % — — % 20,930 1.16 % Total $ 4,122 3.55 % $ 21,811 3.14 % $ 119,415 3.22 % $ 441,265 2.99 % $ 586,613 3.04 % HTM Municipal bonds $ 646 3.49 % $ 2,443 2.06 % $ — — % $ — — % $ 3,089 2.35 % At December 31, 2021 Within one year After one year After five years After Total (dollars in thousands) Fair Weighted Fair Weighted Fair Weighted Fair Weighted Fair Weighted AFS Municipal bonds $ 4,933 3.79 % $ 14,366 3.26 % $ 68,025 3.60 % $ 452,599 3.23 % $ 539,923 3.28 % Corporate debt securities — — % 6,563 3.60 % 13,053 5.03 % — — % 19,616 4.55 % U.S. Treasury securities — — % — — % 23,175 1.27 % — — % 23,175 1.27 % Total $ 4,933 3.79 % $ 20,929 3.37 % $ 104,253 3.23 % $ 452,599 3.23 % $ 582,714 3.24 % HTM Municipal bonds $ 1,684 2.86 % $ 2,621 2.12 % $ — — % $ — — % $ 4,305 2.42 % The weighted-average yield is computed using the contractual coupon of each security weighted based on the fair value of each security and does not include adjustments to a tax equivalent basis. MBS and CMOs are excluded from the tables above because such securities are not due on a single maturity date. The weighted average yield of MBS and CMOs as of June 30, 2022 and December 31, 2021 was 2.30% and 1.82%, respectively. Sales of AFS investment securities were as follows: Quarter Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Proceeds $ — $ 28,187 $ 962 $ 28,187 Gross gains — 288 71 288 Gross losses — (226) — (226) The following table summarizes the carrying value of securities pledged as collateral to secure public deposits, borrowings and other purposes as permitted or required by law: (in thousands) At June 30, 2022 At December 31, 2021 Washington, Oregon and California to secure public deposits $ 195,497 $ 206,153 Other securities pledged 4,787 5,258 Total securities pledged as collateral $ 200,284 $ 211,411 The Company assesses the creditworthiness of the counterparties that hold the pledged collateral and has determined that these arrangements have little credit risk.

LOANS AND CREDIT QUALITY

LOANS AND CREDIT QUALITY	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
LOANS AND CREDIT QUALITY	LOANS AND CREDIT QUALITY: The Company's LHFI is divided into two portfolio segments, commercial loans and consumer loans. Within each portfolio segment, the Company monitors and assesses credit risk based on the risk characteristics of each of the following loan classes: non-owner occupied commercial real estate ("CRE"), multifamily, construction and land development, owner occupied CRE and commercial business loans within the commercial loan portfolio segment and single family and home equity and other loans within the consumer loan portfolio segment. LHFI consists of the following: (in thousands) At June 30, 2022 At December 31, 2021 CRE Non-owner occupied CRE $ 711,077 $ 705,359 Multifamily 3,475,697 2,415,359 Construction/land development 569,896 496,144 Total 4,756,670 3,616,862 Commercial and industrial loans Owner occupied CRE 470,259 457,706 Commercial business 393,764 401,872 Total 864,023 859,578 Consumer loans Single family 822,389 763,331 Home equity and other 316,655 303,078 Total (1) 1,139,044 1,066,409 Total LHFI 6,759,737 5,542,849 Allowance for credit losses ("ACL") (37,355) (47,123) Total LHFI less ACL $ 6,722,382 $ 5,495,726 (1) Includes $6.5 million and $7.3 million at June 30, 2022 and December 31, 2021, respectively, of loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes in fair value recognized in the consolidated income statements. Loans totaling $3.3 billion and $2.8 billion at June 30, 2022 and December 31, 2021, respectively, were pledged to secure borrowings from the Federal Home Loan Bank ("FHLB") and loans totaling $466 million and $419 million at June 30, 2022 and December 31, 2021, respectively, were pledged to secure borrowings from the Federal Reserve Bank of San Francisco ("FRBSF"). Credit Risk Concentrations LHFI are primarily secured by real estate located in the Pacific Northwest, California and Hawaii. At June 30, 2022 and December 31, 2021, multifamily loans in the state of California represented 36% and 33% of the total LHFI portfolio, respectively. Credit Quality Management considers the level of ACL to be appropriate to cover credit losses expected over the life of the loans for the LHFI portfolio. The cumulative loss rate used as the basis for the estimate of credit losses is comprised of the Bank’s historical loss experience and eight qualitative factors for current and forecasted periods. During the second quarter of 2022, the historical expected loss rates decreased from December 31, 2021 due to minimal charge-offs, improving portfolio credit distribution and favorable product mix risk composition. During the second quarter of 2022, the qualitative factors decreased significantly due to the continued favorable performance and outlook of the impact of the COVID-19 pandemic on our loan portfolio, which resulted in no COVID-19 management overlay. As of June 30, 2022, the Bank expects that the markets in which it operates will have declining collateral values and a stable economic outlook over the two-year forecast period. In addition to the ACL for LHFI, the Company maintains a separate allowance for unfunded loan commitments which is included in accounts payable and other liabilities on our consolidated balance sheets. The allowance for unfunded commitments was $2.8 million and $2.4 million at June 30, 2022 and December 31, 2021, respectively. The Bank has elected to exclude accrued interest receivable from the evaluation of the ACL. Accrued interest on LHFI was $20.6 million and $17.8 million at June 30, 2022 and December 31, 2021, respectively, and was reported in other assets in the consolidated balance sheets. Activity in the ACL for LHFI and the allowance for unfunded commitments was as follows: Quarter Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Beginning balance $ 37,944 $ 64,047 $ 47,123 $ 64,294 Provision for credit losses (216) (4,145) (9,439) (4,516) Net (charge-offs) recoveries (373) (5) (329) 119 Ending balance $ 37,355 $ 59,897 $ 37,355 $ 59,897 Allowance for unfunded commitments: Beginning balance $ 2,627 $ 1,959 $ 2,404 $ 1,588 Provision for credit losses 216 145 439 516 Ending balance $ 2,843 $ 2,104 $ 2,843 $ 2,104 Provision for credit losses: Allowance for credit losses - loans $ (216) $ (4,145) $ (9,439) $ (4,516) Allowance for unfunded commitments 216 145 439 516 Total $ — $ (4,000) $ (9,000) $ (4,000) Activity in the ACL for LHFI by loan portfolio and loan sub-class was as follows: Quarter Ended June 30, 2022 (in thousands) Beginning balance Charge-offs Recoveries Provision Ending balance CRE Non-owner occupied CRE $ 2,294 $ — $ — $ (114) $ 2,180 Multifamily 8,427 — — 1,647 10,074 Construction/land development Multifamily construction 456 — — 110 566 CRE construction 184 — — 1 185 Single family construction 7,735 — — 2,952 10,687 Single family construction to permanent 990 — — 169 1,159 Total 20,086 — — 4,765 24,851 Commercial and industrial loans Owner occupied CRE 3,536 — — (2,444) 1,092 Commercial business 6,910 (649) 45 (2,728) 3,578 Total 10,446 (649) 45 (5,172) 4,670 Consumer loans Single family 3,762 — 136 129 4,027 Home equity and other 3,650 (33) 128 62 3,807 Total 7,412 (33) 264 191 7,834 Total ACL $ 37,944 $ (682) $ 309 $ (216) $ 37,355 Quarter Ended June 30, 2021 (in thousands) Beginning balance Charge-offs Recoveries Provision Ending balance CRE Non-owner occupied CRE $ 9,218 $ — $ — $ (141) $ 9,077 Multifamily 6,969 — — 276 7,245 Construction/land development Multifamily construction 3,936 — — (3,436) 500 CRE construction 1,908 — — 114 2,022 Single family construction 5,007 — — 646 5,653 Single family construction to permanent 1,124 — — (77) 1,047 Total 28,162 — — (2,618) 25,544 Commercial and industrial loans Owner occupied CRE 5,266 — — 252 5,518 Commercial business 17,105 — 24 (1,255) 15,874 Total 22,371 — 24 (1,003) 21,392 Consumer loans Single family 6,735 (44) 2 470 7,163 Home equity and other 6,779 (35) 48 (994) 5,798 Total 13,514 (79) 50 (524) 12,961 Total ACL $ 64,047 $ (79) $ 74 $ (4,145) $ 59,897 Six Months Ended June 30, 2022 (in thousands) Beginning balance Charge-offs Recoveries Provision Ending CRE Non-owner occupied CRE $ 7,509 $ — $ — $ (5,329) $ 2,180 Multifamily 5,854 — — 4,220 10,074 Construction/land development Multifamily construction 507 — — 59 566 CRE construction 150 — — 35 185 Single family construction 6,411 — — 4,276 10,687 Single family construction to permanent 1,055 — — 104 1,159 Total 21,486 — — 3,365 24,851 Commercial and industrial loans Owner occupied CRE 5,006 — — (3,914) 1,092 Commercial business 12,273 (660) 69 (8,104) 3,578 Total 17,279 (660) 69 (12,018) 4,670 Consumer loans Single family 4,394 — 140 (507) 4,027 Home equity and other 3,964 (66) 188 (279) 3,807 Total 8,358 (66) 328 (786) 7,834 Total ACL $ 47,123 $ (726) $ 397 $ (9,439) $ 37,355 Six Months Ended June 30, 2021 (in thousands) Beginning balance Charge-offs Recoveries Provision Ending CRE Non-owner occupied CRE $ 8,845 $ — $ — $ 232 $ 9,077 Multifamily 6,072 — — 1,173 7,245 Construction/land development Multifamily construction 4,903 — — (4,403) 500 CRE construction 1,670 — — 352 2,022 Single family construction 5,130 — — 523 5,653 Single family construction to permanent 1,315 — — (268) 1,047 Total 27,935 — — (2,391) 25,544 Commercial and industrial loans Owner occupied CRE 4,994 — — 524 5,518 Commercial business 17,043 — 98 (1,267) 15,874 Total 22,037 — 98 (743) 21,392 Consumer loans Single family 6,906 (114) 122 249 7,163 Home equity and other 7,416 (91) 104 (1,631) 5,798 Total 14,322 (205) 226 (1,382) 12,961 Total ACL $ 64,294 $ (205) $ 324 $ (4,516) $ 59,897 The following table presents a vintage analysis of the commercial portfolio segment by loan sub-class and risk rating or delinquency status. At June 30, 2022 (in thousands) 2022 2021 2020 2019 2018 2017 and prior Revolving Revolving-term Total COMMERCIAL PORTFOLIO Non-owner occupied CRE Pass $ 60,429 $ 68,503 $ 49,985 $ 142,238 $ 121,467 $ 264,425 $ 3,187 $ 843 $ 711,077 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total 60,429 68,503 49,985 142,238 121,467 264,425 3,187 843 711,077 Multifamily Pass 1,183,994 1,294,761 523,758 223,254 59,858 161,060 501 — 3,447,186 Special Mention — — 8,676 19,835 — — — — 28,511 Substandard — — — — — — — — — Total 1,183,994 1,294,761 532,434 243,089 59,858 161,060 501 — 3,475,697 Multifamily construction Pass (179) 17,954 25,601 — — — — — 43,376 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total (179) 17,954 25,601 — — — — — 43,376 CRE construction Pass — 14,146 3,957 — 1,887 534 — — 20,524 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total — 14,146 3,957 — 1,887 534 — — 20,524 Single family construction Pass 89,586 108,460 22,717 12,438 — 76 113,846 — 347,123 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total 89,586 108,460 22,717 12,438 — 76 113,846 — 347,123 Single family construction to permanent Current 21,192 107,448 19,654 9,856 723 — — — 158,873 Past due: 30-59 days — — — — — — — — — 60-89 days — — — — — — — — — 90+ days — — — — — — — — — Total 21,192 107,448 19,654 9,856 723 — — — 158,873 Owner occupied CRE Pass 41,637 70,204 46,819 74,726 42,438 175,013 149 1,368 452,354 Special Mention — — — — 2,439 11,916 — — 14,355 Substandard — — — — 1,111 2,383 — 56 3,550 Total 41,637 70,204 46,819 74,726 45,988 189,312 149 1,424 470,259 Commercial business Pass 52,389 48,098 48,079 34,689 17,952 23,204 141,298 1,999 367,708 Special Mention — 201 26 — 194 3,523 756 201 4,901 Substandard — 7,448 2,915 2,284 1,787 2,091 4,620 10 21,155 Total 52,389 55,747 51,020 36,973 19,933 28,818 146,674 2,210 393,764 Total commercial portfolio $ 1,449,048 $ 1,737,223 $ 752,187 $ 519,320 $ 249,856 $ 644,225 $ 264,357 $ 4,477 $ 5,620,693 The following table presents a vintage analysis of the consumer portfolio segment by loan sub-class and delinquency status: At June 30, 2022 (in thousands) 2022 2021 2020 2019 2018 2017 and prior Revolving Revolving-term Total CONSUMER PORTFOLIO Single family Current $ 123,677 $ 194,198 $ 149,161 $ 47,744 $ 48,522 $ 256,738 $ — $ — $ 820,040 Past due: 30-59 days — — — — — 462 — — 462 60-89 days — — — — — 173 — — 173 90+ days — — — 432 452 830 — — 1,714 Total 123,677 194,198 149,161 48,176 48,974 258,203 — — 822,389 Home equity and other Current 1,188 1,307 242 238 175 2,085 306,225 4,457 315,917 Past due: 30-59 days 3 3 13 — — — 191 — 210 60-89 days — 3 — — — 94 99 — 196 90+ days — 4 — — — 95 233 — 332 Total 1,191 1,317 255 238 175 2,274 306,748 4,457 316,655 Total consumer portfolio (1) $ 124,868 $ 195,515 $ 149,416 $ 48,414 $ 49,149 $ 260,477 $ 306,748 $ 4,457 $ 1,139,044 Total LHFI $ 1,573,916 $ 1,932,738 $ 901,603 $ 567,734 $ 299,005 $ 904,702 $ 571,105 $ 8,934 $ 6,759,737 (1) Includes $6.5 million of loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes in fair value recognized in the consolidated income statements. The following table presents a vintage analysis of the commercial portfolio segment by loan sub-class and risk rating or delinquency status: At December 31, 2021 (in thousands) 2021 2020 2019 2018 2017 2016 and prior Revolving Revolving-term Total COMMERCIAL PORTFOLIO Non-owner occupied CRE Pass $ 68,647 $ 50,571 $ 169,711 $ 130,877 $ 100,674 $ 183,024 $ 963 $ 892 $ 705,359 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total 68,647 50,571 169,711 130,877 100,674 183,024 963 892 705,359 Multifamily Pass 1,315,204 561,666 286,826 60,372 26,065 165,225 1 — 2,415,359 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total 1,315,204 561,666 286,826 60,372 26,065 165,225 1 — 2,415,359 Multifamily construction Pass 7,825 22,863 7,173 — — — — — 37,861 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total 7,825 22,863 7,173 — — — — — 37,861 CRE construction Pass 7,694 3,960 — 1,962 — 556 — — 14,172 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total 7,694 3,960 — 1,962 — 556 — — 14,172 Single family construction Pass 146,595 35,640 14,509 — — 77 99,206 — 296,027 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total 146,595 35,640 14,509 — — 77 99,206 — 296,027 Single family construction to permanent Current 90,311 42,636 13,362 1,775 — — — — 148,084 Past due: 30-59 days — — — — — — — — — 60-89 days — — — — — — — — — 90+ days — — — — — — — — — Total 90,311 42,636 13,362 1,775 — — — — 148,084 Owner occupied CRE Pass 70,902 47,536 57,423 47,716 67,042 106,659 798 2,839 400,915 Special Mention — — — 2,196 6,019 145 — 60 8,420 Substandard — — 18,665 1,111 10,151 18,444 — — 48,371 Total 70,902 47,536 76,088 51,023 83,212 125,248 798 2,899 457,706 Commercial business Pass 88,139 51,453 44,882 24,711 11,859 21,258 112,759 2,104 357,165 Special Mention — — 7,396 — 4,396 — 5,613 134 17,539 Substandard 9,716 3,399 1,667 5,928 1,096 1,328 3,932 102 27,168 Total 97,855 54,852 53,945 30,639 17,351 22,586 122,304 2,340 401,872 Total commercial portfolio $ 1,805,033 $ 819,724 $ 621,614 $ 276,648 $ 227,302 $ 496,716 $ 223,272 $ 6,131 $ 4,476,440 The following table presents a vintage analysis of the consumer portfolio segment by loan sub-class and delinquency status: At December 31, 2021 (in thousands) 2021 2020 2019 2018 2017 2016 and prior Revolving Revolving-term Total CONSUMER PORTFOLIO Single family Current $ 176,110 $ 156,360 $ 62,369 $ 66,063 $ 95,988 $ 204,229 $ — $ — $ 761,119 Past due: 30-59 days — — 291 — — — — — 291 60-89 days — — — — 314 471 — — 785 90+ days — — 561 452 — 123 — — 1,136 Total 176,110 156,360 63,221 66,515 96,302 204,823 — — 763,331 Home equity and other Current 2,005 474 393 532 516 2,609 290,512 5,273 302,314 Past due: 30-59 days — 3 — — — 94 40 — 137 60-89 days — — — — — — 12 62 74 90+ days 3 — — — — 6 544 — 553 Total 2,008 477 393 532 516 2,709 291,108 5,335 303,078 Total consumer portfolio (1) $ 178,118 $ 156,837 $ 63,614 $ 67,047 $ 96,818 $ 207,532 $ 291,108 $ 5,335 $ 1,066,409 Total LHFI $ 1,983,151 $ 976,561 $ 685,228 $ 343,695 $ 324,120 $ 704,248 $ 514,380 $ 11,466 $ 5,542,849 (1) Includes $7.3 million of loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes in fair value recognized in the consolidated income statements. Collateral Dependent Loans The following table presents the amortized cost basis of collateral-dependent loans by loan sub-class and collateral type: At June 30, 2022 (in thousands) Land 1-4 Family Non-residential real estate Other non-real estate Total Commercial and industrial loans Owner occupied CRE $ 1,111 $ — $ 1,410 $ — $ 2,521 Commercial business 362 — 562 4 928 Total collateral-dependent loans $ 1,473 $ — $ 1,972 $ 4 $ 3,449 At December 31, 2021 (in thousands) Land 1-4 Family Non-residential real estate Other non-real estate Total Commercial and industrial loans Owner occupied CRE $ 1,111 $ — $ 2,456 $ — $ 3,567 Commercial business 362 27 562 286 1,237 Total 1,473 27 3,018 286 4,804 Consumer loans Single family — 1,598 — — 1,598 Home equity loans and other — 19 — — 19 Total — 1,617 — — 1,617 Total collateral-dependent loans $ 1,473 $ 1,644 $ 3,018 $ 286 $ 6,421 Nonaccrual and Past Due Loans The following table presents nonaccrual status for loans: At June 30, 2022 At December 31, 2021 (in thousands) Nonaccrual with no related ACL Total Nonaccrual Nonaccrual with no related ACL Total Nonaccrual Commercial and industrial loans Owner occupied CRE $ 2,521 $ 2,521 $ 3,568 $ 3,568 Commercial business 928 1,405 1,210 5,023 Total 3,449 3,926 4,778 8,591 Consumer loans Single family 495 4,186 1,324 2,802 Home equity and other 4 970 23 808 Total 499 5,156 1,347 3,610 Total nonaccrual loans $ 3,948 $ 9,082 $ 6,125 $ 12,201 The following tables present an aging analysis of past due loans by loan portfolio segment and loan sub-class: At June 30, 2022 Past Due and Still Accruing (in thousands) 30-59 days 60-89 days 90 days or Nonaccrual Total past due and nonaccrual (3) Current Total CRE Non-owner occupied CRE $ — $ — $ — $ — $ — $ 711,077 $ 711,077 Multifamily — — — — — 3,475,697 3,475,697 Construction/land development Multifamily construction — — — — — 43,376 43,376 CRE construction — — — — — 20,524 20,524 Single family construction — — — — — 347,123 347,123 Single family construction to permanent — — — — — 158,873 158,873 Total — — — — — 4,756,670 4,756,670 Commercial and industrial loans Owner occupied CRE — — — 2,521 2,521 467,738 470,259 Commercial business 870 7 — 1,405 2,282 391,482 393,764 Total 870 7 — 3,926 4,803 859,220 864,023 Consumer loans Single family 2,384 1,505 7,010 (2) 4,186 15,085 807,304 822,389 Home equity and other 38 197 — 970 1,205 315,450 316,655 Total 2,422 1,702 7,010 5,156 16,290 1,122,754 1,139,044 (1) Total loans $ 3,292 $ 1,709 $ 7,010 $ 9,082 $ 21,093 $ 6,738,644 $ 6,759,737 % 0.05 % 0.03 % 0.10 % 0.13 % 0.31 % 99.69 % 100.00 % At December 31, 2021 Past Due and Still Accruing (in thousands) 30-59 days 60-89 days 90 days or Nonaccrual Total past due and nonaccrual (3) Current Total CRE Non-owner occupied CRE $ — $ — $ — $ — $ — $ 705,359 $ 705,359 Multifamily — — — — — 2,415,359 2,415,359 Construction/land development Multifamily construction — — — — — 37,861 37,861 CRE construction — — — — — 14,172 14,172 Single family construction — — — — — 296,027 296,027 Single family construction to permanent — — — — — 148,084 148,084 Total — — — — — 3,616,862 3,616,862 Commercial and industrial loans Owner occupied CRE — — — 3,568 3,568 454,138 457,706 Commercial business 198 — — 5,023 5,221 396,651 401,872 Total 198 — — 8,591 8,789 850,789 859,578 Consumer loans Single family 892 820 6,717 (2) 2,802 11,231 752,100 763,331 Home equity and other 118 74 — 808 1,000 302,078 303,078 Total 1,010 894 6,717 3,610 12,231 1,054,178 1,066,409 (1) Total loans $ 1,208 $ 894 $ 6,717 $ 12,201 $ 21,020 $ 5,521,829 $ 5,542,849 % 0.02 % 0.02 % 0.12 % 0.22 % 0.38 % 99.62 % 100.00 % (1) Includes $6.5 million and $7.3 million of loans at June 30, 2022 and December 31, 2021, respectively, where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes in fair value recognized in our consolidated income statements. (2) FHA-insured and VA-guaranteed single family loans that are 90 days or more past due are maintained on accrual status if they are determined to have little to no risk of loss. (3) Includes loans whose repayments are insured by the FHA or guaranteed by the VA or SBA of $10.2 million and $8.4 million at June 30, 2022 and December 31, 2021, respectively. Loan Modifications The Company provides modifications to borrowers experiencing financial difficulty which may include delays in payment of amounts due, extension of the terms of the notes or reduction in the interest rates on the notes. In certain instances, the Company may grant more than one type of modification. The granting of modifications in the quarter and six months ended June 30, 2022 did not have a material impact on the ACL. The following tables provide information related to loans modified during the quarter and six months ended June 30, 2022 to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of concession granted: (in thousands) Significant Payment Delay Quarter Ended June 30, 2022 Six Months Ended June 30, 2022 Loan Type Amortized Cost Basis at Period End % of Total Class of Financing Receivable Amortized Cost Basis at Period End % of Total Class of Financing Receivable Single family $ 340 0.04 % $ 340 0.04 % Home equity and other — — % 70 0.02 % (in thousands) Term Extension Quarter Ended June 30, 2022 Six Months Ended June 30, 2022 Loan Type Amortized Cost Basis at Period End % of Total Class of Financing Receivable Amortized Cost Basis at Period End % of Total Class of Financing Receivable Commercial business $ 1,578 0.40 % $ 1,578 0.40 % Single family 236 0.03 % 272 0.03 % (in thousands) Interest Rate Reduction and Term Extension Quarter Ended June 30, 2022 Six Months Ended June 30, 2022 Loan Type Amortized Cost Basis at Period End % of Total Class of Financing Receivable Amortized Cost Basis at Period End % of Total Class of Financing Receivable Single family $ — — % $ 823 0.10 % (in thousands) Significant Payment Delay and Term Extension Quarter Ended June 30, 2022 Six Months Ended June 30, 2022 Loan Type Amortized Cost Basis at Period End % of Total Class of Financing Receivable Amortized Cost Basis at Period End % of Total Class of Financing Receivable Single family $ 4,048 0.49 % $ 10,084 1.23 % Home equity and other — — % 52 0.02 % (in thousands) Interest Rate Reduction, Significant Payment Delay and Term Extension Quarter Ended June 30, 2022 Six Months Ended June 30, 2022 Loan Type Amortized Cost Basis at Period End % of Total Class of Financing Receivable Amortized Cost Basis at Period End % of Total Class of Financing Receivable Single family $ 2,775 0.34 % $ 6,898 0.84 % The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty: Interest Rate Reduction Quarter Ended June 30, 2022 Six Months Ended June 30, 2022 Single family Reduced weighted-average contractual interest rate from 4.79% to 3.56%. Reduced weighted-average contractual interest rate from 4.35% to 3.36%. Significant Payment Delay Quarter Ended June 30, 2022 Six Months Ended June 30, 2022 Single family Provided payment deferrals to borrowers. A weighted average 0.51% of loan balances were capitalized and added to the remaining term of the loan. Provided payment deferrals to borrowers. A weighted average 0.20% of loan balances were capitalized and added to the remaining term of the loan. Home equity and other — Provided payment deferrals to borrowers. A weighted average 3.41% of loan balances were capitalized and added to the remaining term of the loan. Term Extension Quarter Ended June 30, 2022 Six Months Ended June 30, 2022 Commercial business Added a weighted average 0.8 years to the life of loans, which reduced the monthly payment amounts to the borrowers. Added a weighted average 0.8 years to the life of loans, which reduced the monthly payment amounts to the borrowers. Single family Added a weighted average 6.4 years to the life of loans, which reduced the monthly payment amounts to the borrowers. Added a weighted average 4.5 years to the life of loans, which reduced the monthly payment amounts to the borrowers. Home equity and other — Added a weighted average 16.1 years to the life of loans, which reduced the monthly payment amounts to the borrowers. Upon determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or portion of the loan) is written off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount. In the quarter ended June 30, 2022 there were no loans that were modified to borrowers experiencing financial difficulty during the three months ended March 31, 2022 that subsequently had a payment default. The following table depicts the payment status of loans that have been modified to borrowers experiencing financial difficulty during the three months ended March 31, 2022: Payment Status (Amortized Cost Basis) at June 30, 2022 Loan Type Current 30-89 Days Past Due 90+ Days Past Due Single family $ 11,018 $ — $ — Home equity and other 122 — — Total $ 11,140 $ — $ —

DEPOSITS

DEPOSITS	6 Months Ended
	Jun. 30, 2022
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]
DEPOSITS	DEPOSITS: Deposit balances, including their weighted average rates, were as follows: At June 30, 2022 At December 31, 2021 (dollars in thousands) Amount Weighted Average Rate Amount Weighted Average Rate Noninterest-bearing demand deposits $ 1,640,651 — % $ 1,617,069 — % Interest-bearing demand deposits 590,889 0.10 % 513,810 0.10 % Savings 302,359 0.06 % 302,389 0.06 % Money market 2,679,865 0.35 % 2,806,313 0.15 % Certificates of deposit 969,535 0.48 % 906,928 0.51 % Total $ 6,183,299 0.24 % $ 6,146,509 0.15 % Certificates of deposit outstanding mature as follows: (in thousands) June 30, 2022 Within one year $ 856,617 One to two years 94,266 Two to three years 13,974 Three to four years 2,964 Four to five years 1,708 Thereafter 6 Total $ 969,535

LONG-TERM DEBT

LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT: At June 30, 2022 the Company had outstanding $98 million of subordinated notes (the "Sub Notes") that were issued in January 2022. Interest on the Notes accrue at a rate equal to 3.5% per annum until January 30, 2027, payable semiannually in arrears. From and including January 30, 2027, to, but excluding, the maturity date or the date of earlier redemption, the Notes will bear interest equal to the three-month term Secured Overnight Financing Rate plus 215 basis points, payable quarterly in arrears. At June 30, 2022 and December 31, 2021, the Company had outstanding $64 million of Senior Notes which bear interest at a rate of 6.50% and mature in 2026. The Company issued trust preferred securities during the period from 2005 through 2007, resulting in a debt balance of $62 million that remains outstanding at June 30, 2022 and December 31, 2021. In connection with the issuance of trust preferred securities, HomeStreet, Inc. issued to HomeStreet Statutory Trust Junior Subordinated Deferrable Interest Debentures. The sole assets of the HomeStreet Statutory Trust are the Subordinated Debt Securities I, II, III, and IV. The Subordinated Debt Securities outstanding as of June 30, 2022 and December 31, 2021 are as follows: HomeStreet Statutory Trust (dollars in thousands) I II III IV Date issued June 2005 September 2005 February 2006 March 2007 Amount $5,155 $20,619 $20,619 $15,464 Interest rate 3 MO LIBOR + 1.70% 3 MO LIBOR + 1.50% 3 MO LIBOR + 1.37% 3 MO LIBOR + 1.68% Maturity date June 2035 December 2035 March 2036 June 2037 Call option (1) Quarterly Quarterly Quarterly Quarterly (1) Call options are exercisable at par and are callable, without penalty on a quarterly basis, starting five years after issuance.

DERIVATIVES AND HEDGING ACTIVIT

DERIVATIVES AND HEDGING ACTIVITIES	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES AND HEDGING ACTIVITIES	DERIVATIVES AND HEDGING ACTIVITIES: To reduce the risk of significant interest rate fluctuations on the value of certain assets and liabilities, such as single family mortgage LHFS and MSRs, the Company utilizes derivatives as economic hedges. The notional amounts and fair values for derivatives, which are included in other assets or accounts payable and other liabilities on the consolidated balance sheet, consist of the following: At June 30, 2022 Notional amount Fair value derivatives (in thousands) Asset Liability Forward sale commitments $ 224,930 $ 1,058 $ (902) Interest rate lock commitments 56,757 737 (415) Interest rate swaps 260,362 9,211 (9,211) Futures 36,800 — (143) Options 26,000 199 — Total derivatives before netting $ 604,849 11,205 (10,671) Netting adjustment/Cash collateral (1) (10,035) (93) Carrying value on consolidated balance sheet $ 1,170 $ (10,764) At December 31, 2021 Notional amount Fair value derivatives (in thousands) Asset Liability Forward sale commitments $ 793,208 $ 723 $ (640) Interest rate lock commitments 115,025 2,487 (3) Interest rate swaps 287,352 4,381 (4,541) Futures 139,900 334 — Total derivatives before netting $ 1,335,485 7,925 (5,184) Netting adjustment/Cash collateral (1) 1,355 3,921 Carrying value on consolidated balance sheet $ 9,280 $ (1,263) (1) Includes net cash collateral received of $10.1 million and paid of $5.3 million at June 30, 2022 and December 31, 2021, respectively. The following table presents gross fair value and net carrying value information for derivative instruments: (in thousands) Gross fair value Netting adjustments/ Cash collateral (1) Carrying value At June 30, 2022 Derivative assets $ 11,205 $ (10,035) $ 1,170 Derivative liabilities (10,671) (93) (10,764) At December 31, 2021 Derivative assets $ 7,925 $ 1,355 $ 9,280 Derivative liabilities (5,184) 3,921 (1,263) (1) Includes net cash collateral received of $10.1 million and paid of $5.3 million at June 30, 2022 and December 31, 2021, respectively. The collateral used under the Company's master netting agreements is typically cash, but securities may be used under agreements with certain counterparties. Receivables related to cash collateral that has been paid to counterparties is included in other assets. Payables related to cash collateral that has been received from counterparties is included in accounts payable and other liabilities. Interest is owed on amounts received from counterparties and we earn interest on cash paid to counterparties. Any securities pledged to counterparties as collateral remain on the consolidated balance sheets. At June 30, 2022 and December 31, 2021, the Company had liabilities of $10.2 million and zero, respectively, in cash collateral received from counterparties and receivables of $0.1 million and $5.3 million, respectively, in cash collateral paid to counterparties. The following table presents the net gain (loss) recognized on economic hedge derivatives, within the respective line items in the consolidated income statements for the periods indicated: Quarter Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Recognized in noninterest income: Net gain (loss) on loan origination and sale activities (1) $ 2,650 $ (7,267) $ 7,263 $ (3,409) Loan servicing income (loss) (2) (2,190) 5,024 (11,629) (7,567) Other (3) 1 (35) 160 264 (1) Comprised of IRLCs and forward contracts used as an economic hedge of loans held for sale. (2) Comprised of interest rate swaps, interest rate swaptions, futures, US Treasury options and forward contracts used as economic hedges of single family MSRs. (3) Impact of interest rate swap agreements executed with commercial banking customers.

MORTGAGE BANKING OPERATIONS

MORTGAGE BANKING OPERATIONS	6 Months Ended
	Jun. 30, 2022
Mortgage Banking [Abstract]
MORTGAGE BANKING OPERATIONS	MORTGAGE BANKING OPERATIONS: LHFS consisted of the following: (in thousands) At June 30, 2022 At December 31, 2021 Single family $ 35,853 $ 128,041 CRE, multifamily and SBA 11,461 48,090 Total $ 47,314 $ 176,131 Loans sold consisted of the following for the periods indicated: Quarter Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Single family $ 187,623 $ 627,282 $ 510,693 $ 1,200,322 CRE, multifamily and SBA 50,292 138,421 99,429 396,138 Total $ 237,915 $ 765,703 $ 610,122 $ 1,596,460 Gain on loan origination and sale activities, including the effects of derivative risk management instruments, consisted of the following: Quarter Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Single family $ 3,949 $ 15,836 $ 10,118 $ 42,023 CRE, multifamily and SBA 1,343 5,435 3,448 12,707 Total $ 5,292 $ 21,271 $ 13,566 $ 54,730 The Company's portfolio of loans serviced for others is primarily comprised of loans held in U.S. government and agency MBS issued by Fannie Mae, Freddie Mac and Ginnie Mae. The unpaid principal balance of loans serviced for others is as follows: (in thousands) At June 30, 2022 At December 31, 2021 Single family $ 5,535,691 $ 5,539,180 CRE, multifamily and SBA 1,998,335 2,031,087 Total $ 7,534,026 $ 7,570,267 The Company has made representations and warranties that the loans sold meet certain requirements. The Company may be required to repurchase mortgage loans or indemnify loan purchasers due to defects in the origination process of the loan, such as documentation errors, underwriting errors and judgments, appraisal errors, early payment defaults and fraud. The following is a summary of changes in the Company's liability for estimated single-family mortgage repurchase losses: Quarter Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Balance, beginning of period $ 1,638 $ 1,941 $ 1,312 $ 2,122 Additions, net of adjustments (1) 133 (26) 491 (46) Realized (losses) recoveries, net (2) (280) (303) (312) (464) Balance, end of period $ 1,491 $ 1,612 $ 1,491 $ 1,612 (1) Includes additions for new loan sales and changes in estimated probable future repurchase losses on previously sold loans. (2) Includes principal losses and accrued interest on repurchased loans, "make-whole" settlements, settlements with claimants and certain related expenses. The Company has agreements with certain investors to advance scheduled principal and interest amounts on delinquent loans. Advances are also made to fund the foreclosure and collection costs of delinquent loans prior to the recovery of reimbursable amounts from investors or borrowers. Advances of $2.0 million and $1.9 million were recorded in other assets as of June 30, 2022 and December 31, 2021, respectively. When the Company has the unilateral right to repurchase Ginnie Mae pool loans it has previously sold (generally loans that are more than 90 days past due), the Company records the balance of the loans as other assets and other liabilities. At June 30, 2022 and December 31, 2021, delinquent or defaulted mortgage loans currently in Ginnie Mae pools that the Company has recognized on its consolidated balance sheets totaled $6.1 million and $12.3 million, respectively. Revenue from mortgage servicing, including the effects of derivative risk management instruments, consisted of the following: Quarter Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Servicing income, net: Servicing fees and other $ 9,507 $ 9,245 $ 17,828 $ 18,158 Amortization of single family MSRs (1) (2,515) (5,181) (5,940) (10,874) Amortization of multifamily and SBA MSRs (2,337) (2,133) (4,049) (3,477) Total 4,655 1,931 7,839 3,807 Risk management, single family MSRs: Changes in fair value of MSRs due to assumptions (2) 4,323 (5,024) 14,626 6,439 Net gain (loss) from economic hedging (5,317) 5,024 (15,500) (7,567) Total (994) — (874) (1,128) Loan servicing income (loss) $ 3,661 $ 1,931 $ 6,965 $ 2,679 (1) Represents changes due to collection/realization of expected cash flows and curtailments. (2) Principally reflects changes in model assumptions, including prepayment speed assumptions, which are primarily affected by changes in mortgage interest rates. The changes in single family MSRs measured at fair value are as follows: Quarter Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Beginning balance $ 72,378 $ 62,352 $ 61,584 $ 49,966 Additions and amortization: Originations 2,295 7,725 6,211 14,341 Amortization (1) (2,515) (5,181) (5,940) (10,874) Net additions and amortization (220) 2,544 271 3,467 Changes in fair value assumptions (2) 4,323 (5,024) 14,626 6,439 Ending balance $ 76,481 $ 59,872 $ 76,481 $ 59,872 (1) Represents changes due to collection/realization of expected cash flows and curtailments. (2) Principally reflects changes in model assumptions, including prepayment speed assumptions, which are primarily affected by changes in mortgage interest rates. Key economic assumptions used in measuring the initial fair value of capitalized single family MSRs were as follows: Quarter Ended June 30, Six Months Ended June 30, (rates per annum) (1) 2022 2021 2022 2021 Constant prepayment rate ("CPR") (2) 11.42 % 8.33 % 10.14 % 8.35 % Discount rate 9.83 % 8.48 % 8.90 % 8.43 % (1) Based on a weighted average. (2) Represents an expected lifetime average CPR used in the model. For single family MSRs, we use a discounted cash flow valuation technique which utilizes CPRs and discount rates as significant unobservable inputs as noted in the table below: At June 30, 2022 At December 31, 2021 Range of Inputs Average (1) Range of Inputs Average (1) CPRs 6.01% - 11.85% 8.55 % 7.90% - 17.35% 10.35 % Discount Rates 8.76% - 15.91% 9.65 % 6.94% - 13.96% 7.97 % (1) Weighted averages of all the inputs within the range. To compute hypothetical sensitivities of the value of our single family MSRs to immediate adverse changes in key assumptions, we computed the impact of changes to CPRs and in discount rates as outlined below: (dollars in thousands) At June 30, 2022 Fair value of single family MSR $ 76,481 Expected weighted-average life (in years) 7.64 CPR Impact on fair value of 25 basis points adverse change in interest rates $ (1,003) Impact on fair value of 50 basis points adverse change in interest rates $ (2,338) Discount rate Impact on fair value of 100 basis points increase $ (3,430) Impact on fair value of 200 basis points increase $ (6,597) The changes in multifamily and SBA MSRs measured at the lower of amortized cost or fair value were as follows: Quarter Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Beginning balance $ 39,279 $ 39,626 $ 39,415 $ 35,774 Originations 1,188 1,620 2,764 6,816 Amortization (2,337) (2,133) (4,049) (3,477) Ending balance $ 38,130 $ 39,113 $ 38,130 $ 39,113

GUARANTEES AND MORTGAGE REPURCH

GUARANTEES AND MORTGAGE REPURCHASE LIABILITY	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
GUARANTEES AND MORTGAGE REPURCHASE LIABILITY	GUARANTEES AND MORTGAGE REPURCHASE LIABILITY: In the ordinary course of business, the Company sells loans through the Fannie Mae Multifamily Delegated Underwriting and Servicing Program ("DUS"®) that are subject to a credit loss sharing arrangement. The Company services the loans for Fannie Mae and shares in the risk of loss with Fannie Mae under the terms of the DUS contracts. Under the DUS program, the Company and Fannie Mae share losses on a pro rata basis, where the Company is responsible for losses incurred up to one-third of principal balance on each loan with two-thirds of the loss covered by Fannie Mae. For loans that have been sold through this program, a liability is recorded for this loss sharing arrangement under the accounting guidance for guarantees. As of June 30, 2022 and December 31, 2021, the total unpaid principal balance of loans sold under this program was $1.8 billion and $1.9 billion, respectively. The Company's reserve liability related to this arrangement totaled $0.7 million and $0.6 million at June 30, 2022 and December 31, 2021, respectively. There were no actual losses incurred under this arrangement during the quarters or six months ended June 30, 2022 and 2021. In the ordinary course of business, the Company sells residential mortgage loans to GSEs and other entities. Under the terms of these sales agreements, the Company has made representations and warranties that the loans sold meet certain requirements. The Company may be required to repurchase mortgage loans or indemnify loan purchasers due to defects in the origination process of the loan, such as documentation errors, underwriting errors and judgments, early payment defaults and fraud. The total unpaid principal balance of loans sold on a servicing-retained basis that were subject to the terms and conditions of these representations and warranties totaled $5.5 billion at both June 30, 2022 and December 31, 2021. At June 30, 2022 and December 31, 2021, the Company had recorded a mortgage repurchase liability for loans sold on a servicing-retained and

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE: The following table summarizes the calculation of earnings per share: Quarter Ended June 30, Six Months Ended June 30, (in thousands, except share and per share data) 2022 2021 2022 2021 Net income $ 17,721 $ 29,157 $ 37,672 $ 58,820 Weighted average shares: Basic weighted-average number of common shares outstanding 18,706,953 21,057,473 19,143,925 21,345,969 Dilutive effect of outstanding common stock equivalents 127,490 230,501 166,825 277,329 Diluted weighted-average number of common shares outstanding 18,834,443 21,287,974 19,310,750 21,623,298 Net income per share: Basic earnings per share $ 0.95 $ 1.38 $ 1.97 $ 2.76 Diluted earnings per share 0.94 1.37 1.95 2.72

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	FAIR VALUE MEASUREMENT: The term "fair value" is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The Company's approach is to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements. Fair Value Hierarchy A three-level valuation hierarchy has been established under ASC 820 for disclosure of fair value measurements. The valuation hierarchy is based on the observability of inputs to the valuation of an asset or liability as of the measurement date. A financial instrument’s categorization within the valuation hierarchy is based on the lowest level of input that is significant to the fair value measurement. The levels are defined as follows: • Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity can access at the measurement date. An active market for the asset or liability is a market in which transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis. • Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. This includes quoted prices for similar assets and liabilities in active markets and inputs that are observable for the asset or liability for substantially the full term of the financial instrument. • Level 3 – Unobservable inputs for the asset or liability. These inputs reflect the Company's assumptions of what market participants would use in pricing the asset or liability. The Company's policy regarding transfers between levels of the fair value hierarchy is that all transfers are assumed to occur at the end of the reporting period. Estimation of Fair Value Fair value is based on quoted market prices, when available. In cases where a quoted price for an asset or liability is not available, the Company uses valuation models to estimate fair value. These models incorporate inputs such as forward yield curves, loan prepayment assumptions, expected loss assumptions, market volatilities and pricing spreads utilizing market-based inputs where readily available. The Company believes its valuation methods are appropriate and consistent with those that would be used by other market participants. However, imprecision in estimating unobservable inputs and other factors may result in these fair value measurements not reflecting the amount realized in an actual sale or transfer of the asset or liability in a current market exchange. The following table summarizes the fair value measurement methodologies, including significant inputs and assumptions and classification of the Company's assets and liabilities valued at fair value on a recurring basis. Asset/Liability class Valuation methodology, inputs and assumptions Classification Investment securities Trading securities Fair Value is based on quoted prices in an active market. Level 1 recurring fair value measurement. Investment securities AFS Observable market prices of identical or similar securities are used where available. Level 2 recurring fair value measurement. If market prices are not readily available, value is based on discounted cash flows using the following significant inputs: • Expected prepayment speeds • Estimated credit losses • Market liquidity adjustments Level 3 recurring fair value measurement. LHFS Single family loans, excluding loans transferred from held for investment Fair value is based on observable market data, including: • Quoted market prices, where available • Dealer quotes for similar loans • Forward sale commitments Level 2 recurring fair value measurement. When not derived from observable market inputs, fair value is based on discounted cash flows, which considers the following inputs: • Benchmark yield curve • Estimated discount spread to the benchmark yield curve • Expected prepayment speeds Estimated fair value classified as Level 3. Mortgage servicing rights Single family MSRs For information on how the Company measures the fair value of its single family MSRs, including key economic assumptions and the sensitivity of fair value to changes in those assumptions, see Note 7 , Mortgage Banking Operations . Level 3 recurring fair value measurement. Derivatives Futures and Options Fair value is based on closing exchange prices. Level 1 recurring fair value measurement. Forward sale commitments Interest rate swaps Fair value is based on quoted prices for identical or similar instruments, when available. When quoted prices are not available, fair value is based on internally developed modeling techniques, which require the use of multiple observable market inputs including: Level 2 recurring fair value measurement. Interest rate lock commitments The fair value considers several factors including: • Fair value of the underlying loan based on quoted prices in the secondary market, when available. • Value of servicing • Fall-out factor Level 3 recurring fair value measurement. The following tables presents the levels of the fair value hierarchy for the Company's assets and liabilities measured at fair value on a recurring basis: At June 30, 2022 (in thousands) Fair Value Level 1 Level 2 Level 3 Assets: Trading securities - U.S. Treasury securities $ 33,081 $ 33,081 $ — $ — Investment securities AFS Mortgage backed securities: Residential 128,931 — 126,843 2,088 Commercial 63,573 — 63,573 — Collateralized mortgage obligations: Residential 296,049 — 296,049 — Commercial 126,591 — 126,591 — Municipal bonds 535,353 — 535,353 — Corporate debt securities 30,330 — 30,258 72 U.S. Treasury securities 20,930 — 20,930 — Single family LHFS 35,853 — 35,853 — Single family LHFI 6,508 — — 6,508 Single family mortgage servicing rights 76,481 — — 76,481 Derivatives Forward sale commitments 1,058 — 1,058 — Options 199 199 — — Interest rate lock commitments 737 — — 737 Interest rate swaps 9,211 — 9,211 — Total assets $ 1,364,885 $ 33,280 $ 1,245,719 $ 85,886 Liabilities: Derivatives Futures $ 143 $ 143 $ — $ — Forward sale commitments 902 — 902 — Interest rate lock commitments 415 — — 415 Interest rate swaps 9,211 — 9,211 — Total liabilities $ 10,671 $ 143 $ 10,113 $ 415 At December 31, 2021 (in thousands) Fair Value Level 1 Level 2 Level 3 Assets: Investment securities AFS Mortgage backed securities: Residential $ 32,963 $ — $ 30,556 $ 2,407 Commercial 62,792 — 62,792 — Collateralized mortgage obligations: Residential 187,394 — 187,394 — Commercial 136,659 — 136,659 — Municipal bonds 539,923 — 539,923 — Corporate debt securities 19,616 — 19,541 75 U.S. Treasury securities 23,175 — 23,175 — Single family LHFS 128,041 — 128,041 — Single family LHFI 7,287 — — 7,287 Single family mortgage servicing rights 61,584 — — 61,584 Derivatives Futures 334 334 — — Forward sale commitments 723 — 723 — Interest rate lock commitments 2,487 — — 2,487 Interest rate swaps 4,381 — 4,381 — Total assets $ 1,207,359 $ 334 $ 1,133,185 $ 73,840 Liabilities: Derivatives Forward sale commitments $ 640 $ — $ 640 $ — Interest rate lock commitments 3 — — 3 Interest rate swaps 4,541 — 4,541 — Total liabilities $ 5,184 $ — $ 5,181 $ 3 There were no transfers between levels of the fair value hierarchy during the quarters and six months ended June 30, 2022 and 2021. Level 3 Recurring Fair Value Measurements The Company's level 3 recurring fair value measurements consist of investment securities AFS, single family MSRs, single family LHFI where fair value option was elected, certain single family LHFS and interest rate lock commitments, which are accounted for as derivatives. For information regarding fair value changes and activity for single family MSRs during the quarters and six months ended June 30, 2022 and 2021, see Note 7, Mortgage Banking Operations of this Quarterly Report on Form 10-Q. The fair value of IRLCs considers several factors, including the fair value in the secondary market of the underlying loan resulting from the exercise of the commitment, the expected net future cash flows related to the associated servicing of the loan (referred to as the value of servicing) and the probability that the commitment will not be converted into a funded loan (referred to as a fall-out factor). The fair value of IRLCs on LHFS, while based on interest rates observable in the market, is highly dependent on the ultimate closing of the loans. The significance of the fall-out factor to the fair value measurement of an individual IRLC is generally highest at the time that the rate lock is initiated and declines as closing procedures are performed and the underlying loan gets closer to funding. The fall-out factor applied is based on historical experience. The value of servicing is impacted by a variety of factors, including prepayment assumptions, discount rates, delinquency rates, contractually specified servicing fees, servicing costs and underlying portfolio characteristics. Because these inputs are not observable in market trades, the fall-out factor and value of servicing are considered to be level 3 inputs. The fair value of IRLCs decreases in value upon an increase in the fall-out factor and increases in value upon an increase in the value of servicing. Changes in the fall-out factor and value of servicing do not increase or decrease based on movements in other significant unobservable inputs. The Company recognizes unrealized gains and losses from the time that an IRLC is initiated until the gain or loss is realized at the time the loan closes, which generally occurs within 30-90 days. For IRLCs that fall out, any unrealized gain or loss is reversed, which generally occurs at the end of the commitment period. The gains and losses recognized on IRLC derivatives generally correlates to volume of single family interest rate lock commitments made during the reporting period (after adjusting for estimated fallout) while the amount of unrealized gains and losses realized at settlement generally correlates to the volume of single family closed loans during the reporting period. The Company uses the discounted cash flow model to estimate the fair value of certain loans that have been transferred from held for sale to held for investment and single family LHFS when the fair value of the loans is not derived using observable market inputs. The key assumption in the valuation model is the implied spread to benchmark interest rate curve. The implied spread is not directly observable in the market and is derived from third party pricing which is based on market information from comparable loan pools. The fair value estimate of single family loans that have been transferred from held for sale to held for investment are sensitive to changes in the benchmark interest rate which might result in a significantly higher or lower fair value measurement. The Company transferred certain loans from held for sale to held for investment. These loans were originated as held for sale loans where the Company had elected fair value option. The Company determined these loans to be level 3 recurring assets as the valuation technique included a significant unobservable input. The total amount of held for investment loans where fair value option election was made was $6.5 million and $7.3 million at June 30, 2022 and December 31, 2021, respectively. The following information presents significant Level 3 unobservable inputs used to measure fair value of certain assets: (dollars in thousands) Fair Value Valuation Significant Unobservable Low High Weighted Average June 30, 2022 Investment securities AFS $ 2,160 Income approach Implied spread to benchmark interest rate curve 2.00% 2.00% 2.00% Single family LHFI 6,508 Income approach Implied spread to benchmark interest rate curve 2.80% 5.04% 3.40% Interest rate lock commitments, net 322 Income approach Fall-out factor 0.10% 20.56% 7.67% Value of servicing 0.52% 1.25% 0.96% December 31, 2021 Investment securities AFS $ 2,482 Income approach Implied spread to benchmark interest rate curve 2.00% 2.00% 2.00% Single family LHFI 7,287 Income approach Implied spread to benchmark interest rate curve 2.39% 7.96% 3.56% Interest rate lock commitments, net 2,484 Income approach Fall-out factor 0.15% 21.93% 8.44% Value of servicing 0.35% 1.46% 1.15% We had no LHFS where the fair value was not derived with significant observable inputs at June 30, 2022 and December 31, 2021. The following table presents fair value changes and activity for certain Level 3 assets for the periods indicated: (in thousands) Beginning balance Additions Transfers Payoffs/Sales Change in mark to market (1) Ending balance Quarter Ended June 30, 2022 Investment securities AFS $ 2,307 $ — $ — $ (49) $ (98) $ 2,160 Single family LHFI 6,981 — — — (473) 6,508 Quarter Ended June 30, 2021 Investment securities AFS $ 2,490 $ — $ — $ (48) $ 108 $ 2,550 Single family LHFI 4,324 785 — — 98 5,207 Six Months Ended June 30, 2022 Investment securities AFS $ 2,482 $ — $ — $ (97) $ (225) $ 2,160 Single family LHFI 7,287 — — — (779) 6,508 Six Months Ended June 30, 2021 Investment securities AFS $ 2,710 $ — $ — $ (96) $ (64) $ 2,550 Single family LHFI 7,108 1,145 — (3,191) 145 5,207 (1) Changes in fair value for single LHFI are recorded in other noninterest income on the consolidated income statements. The following table presents fair value changes and activity for Level 3 interest rate lock commitments: Quarter Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Beginning balance, net $ 78 $ 6,488 $ 2,484 $ 17,392 Total realized/unrealized gains (losses) 1,338 7,282 (839) 3,813 Settlements (1,094) (7,877) (1,323) (15,312) Ending balance, net $ 322 $ 5,893 $ 322 $ 5,893 Nonrecurring Fair Value Measurements Certain assets held by the Company are not included in the tables above, but are measured at fair value on a periodic basis. These assets include certain LHFI and OREO that are carried at the lower of cost or fair value of the underlying collateral, less the estimated costs to sell. The estimated fair values of real estate collateral are generally based on internal evaluations and appraisals of such collateral, which use the market approach and income approach methodologies. We have omitted disclosure related to quantitative inputs given the insignificance of assets measured on a nonrecurring basis. The fair value of commercial properties is generally based on third-party appraisals that consider recent sales of comparable properties, including their income-generating characteristics, adjusted (generally based on unobservable inputs) to reflect the general assumptions that a market participant would make when analyzing the property for purchase. The Company uses a fair value of collateral technique to apply adjustments to the appraisal value of certain commercial LHFI that are collateralized by real estate. The Company uses a fair value of collateral technique to apply adjustments to the stated value of certain commercial LHFI that are not collateralized by real estate and to the appraisal value of OREO. Residential properties are generally based on unadjusted third-party appraisals. Factors considered in determining the fair value include geographic sales trends, the value of comparable surrounding properties as well as the condition of the property. These adjustments include management assumptions that are based on the type of collateral dependent loan and may increase or decrease an appraised value. Management adjustments vary significantly depending on the location, physical characteristics and income producing potential of each individual property. The quality and volume of market information available at the time of the appraisal can vary from period-to-period and cause significant changes to the nature and magnitude of the unobservable inputs used. Given these variations, changes in these unobservable inputs are generally not a reliable indicator for how fair value will increase or decrease from period to period. For the quarter and six months ended June 30, 2022, no assets classified as Level 3 had changes in their recorded fair value. The following table presents assets classified as Level 3 that had changes in their recorded fair value for the periods indicated and what we still held at the end of the respective reporting period: (in thousands) Fair Value Total Gains (Losses) At or for the Quarter and Six Months Ended June 30, 2021 LHFI (1) $ 741 $ (62) (1) Represents the carrying value of loans for which adjustments are based on the fair value of the collateral. Fair Value of Financial Instruments The following presents the carrying value, estimated fair value and the levels of the fair value hierarchy for the Company's financial instruments other than assets and liabilities measured at fair value on a recurring basis: At June 30, 2022 (in thousands) Carrying Fair Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 75,277 $ 75,277 $ 75,277 $ — $ — Investment securities HTM 3,118 3,089 — 3,089 — LHFI 6,715,874 6,473,097 — — 6,473,097 LHFS – multifamily and other 11,461 11,552 — 11,552 — Mortgage servicing rights – multifamily and SBA 38,130 42,324 — — 42,324 Federal Home Loan Bank stock 66,992 66,992 — 66,992 — Other assets - GNMA EBO loans 6,102 6,102 — — 6,102 Liabilities: Certificates of deposit $ 969,535 $ 956,983 $ — $ 956,983 $ — Borrowings 1,458,000 1,457,994 1,457,994 Long-term debt 224,227 209,842 — 209,842 — At December 31, 2021 (in thousands) Carrying Fair Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 65,214 $ 65,214 $ 65,214 $ — $ — Investment securities HTM 4,169 4,305 — 4,305 — LHFI 5,488,439 5,588,719 — — 5,588,719 LHFS – multifamily and other 48,090 48,425 — 48,425 — Mortgage servicing rights – multifamily and SBA 39,415 43,199 — — 43,199 Federal Home Loan Bank stock 10,361 10,361 — 10,361 — Other assets-GNMA EBO loans 12,342 12,342 — — 12,342 Liabilities: Certificates of deposit $ 906,928 $ 906,064 $ — $ 906,064 $ — Borrowings 41,000 41,000 — 41,000 — Long-term debt 126,026 116,845 — 116,845 — Fair Value Option Single family loans held for sale accounted under the fair value option are measured initially at fair value with subsequent changes in fair value recognized in earnings. Gains and losses from such changes in fair value are recognized in net gain on mortgage loan origination and sale activities within noninterest income. The change in fair value of loans held for sale is primarily driven by changes in interest rates subsequent to loan funding and changes in fair value of the related servicing asset, resulting in revaluations adjustments to the recorded fair value. The use of the fair value option allows the change in the fair value of loans to more effectively offset the change in fair value of derivative instruments that are used as economic hedges of loans held for sale. The following table presents the difference between the aggregate fair value and the aggregate unpaid principal balance of loans held for sale accounted for under the fair value option: At June 30, 2022 At December 31, 2021 (in thousands) Fair Value Aggregate Unpaid Principal Balance Fair Value Less Aggregated Unpaid Principal Balance Fair Value Aggregate Unpaid Principal Balance Fair Value Less Aggregated Unpaid Principal Balance Single family LHFS $ 35,853 $ 35,684 $ 169 $ 128,041 $ 124,933 $ 3,108

SUBSEQUENT EVENT

SUBSEQUENT EVENT	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENT	SUBSEQUENT EVENT:On July 28, 2022 the Board authorized a dividend of $0.35 per share, payable on August 23, 2022 to shareholders of record on August 9, 2022. On July 29, 2022, we closed a sale of five retail deposit branches in eastern Washington, including the branches' lending businesses and employees, for an estimated gain of $4 million. The balance of deposits, loans and other assets sold were $185 million, $42 million and $2 million, respectively.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"). The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant inter-company accounts and transactions have been eliminated in consolidation. The Company allocates resources and assesses financial performance on a consolidated basis and therefore has one reporting segment. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting periods. Actual results could differ significantly from those estimates.
Reclassifications	Certain amounts in the financial statements from prior periods have been reclassified to conform to the current financial statement presentation.
Recent Accounting Developments	Recent Accounting Developments In March 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2020-04, Reference Rate Reform (Topic 848). This ASU provides optional expedients and exceptions for contracts, hedging relationships, and other transactions that reference London Interbank Offered Rate ("LIBOR") rates expected to be discontinued because of reference rate reform. In January 2021, the FASB issued ASU 2021-01, "Reference Rate Reform (Topic 848)," which clarifies certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting applied to derivatives that are affected by the transition to alternative rates. The ASUs are effective for all entities as of March 12, 2020 through December 31, 2022. The adoption of these ASUs is not expected to have a material impact on the Company’s financial position or results of operations.
Derivatives and Hedging Activities	To reduce the risk of significant interest rate fluctuations on the value of certain assets and liabilities, such as single family mortgage LHFS and MSRs, the Company utilizes derivatives as economic hedges
Fair Value Measurement	The term "fair value" is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The Company's approach is to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements. Fair Value Hierarchy A three-level valuation hierarchy has been established under ASC 820 for disclosure of fair value measurements. The valuation hierarchy is based on the observability of inputs to the valuation of an asset or liability as of the measurement date. A financial instrument’s categorization within the valuation hierarchy is based on the lowest level of input that is significant to the fair value measurement. The levels are defined as follows: • Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity can access at the measurement date. An active market for the asset or liability is a market in which transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis. • Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. This includes quoted prices for similar assets and liabilities in active markets and inputs that are observable for the asset or liability for substantially the full term of the financial instrument. • Level 3 – Unobservable inputs for the asset or liability. These inputs reflect the Company's assumptions of what market participants would use in pricing the asset or liability. The Company's policy regarding transfers between levels of the fair value hierarchy is that all transfers are assumed to occur at the end of the reporting period. Estimation of Fair Value Fair value is based on quoted market prices, when available. In cases where a quoted price for an asset or liability is not available, the Company uses valuation models to estimate fair value. These models incorporate inputs such as forward yield curves, loan prepayment assumptions, expected loss assumptions, market volatilities and pricing spreads utilizing market-based inputs where readily available. The Company believes its valuation methods are appropriate and consistent with those that would be used by other market participants. However, imprecision in estimating unobservable inputs and other factors may result in these fair value measurements not reflecting the amount realized in an actual sale or transfer of the asset or liability in a current market exchange. The following table summarizes the fair value measurement methodologies, including significant inputs and assumptions and classification of the Company's assets and liabilities valued at fair value on a recurring basis. Asset/Liability class Valuation methodology, inputs and assumptions Classification Investment securities Trading securities Fair Value is based on quoted prices in an active market. Level 1 recurring fair value measurement. Investment securities AFS Observable market prices of identical or similar securities are used where available. Level 2 recurring fair value measurement. If market prices are not readily available, value is based on discounted cash flows using the following significant inputs: • Expected prepayment speeds • Estimated credit losses • Market liquidity adjustments Level 3 recurring fair value measurement. LHFS Single family loans, excluding loans transferred from held for investment Fair value is based on observable market data, including: • Quoted market prices, where available • Dealer quotes for similar loans • Forward sale commitments Level 2 recurring fair value measurement. When not derived from observable market inputs, fair value is based on discounted cash flows, which considers the following inputs: • Benchmark yield curve • Estimated discount spread to the benchmark yield curve • Expected prepayment speeds Estimated fair value classified as Level 3. Mortgage servicing rights Single family MSRs For information on how the Company measures the fair value of its single family MSRs, including key economic assumptions and the sensitivity of fair value to changes in those assumptions, see Note 7 , Mortgage Banking Operations . Level 3 recurring fair value measurement. Derivatives Futures and Options Fair value is based on closing exchange prices. Level 1 recurring fair value measurement. Forward sale commitments Interest rate swaps Fair value is based on quoted prices for identical or similar instruments, when available. When quoted prices are not available, fair value is based on internally developed modeling techniques, which require the use of multiple observable market inputs including: Level 2 recurring fair value measurement. Interest rate lock commitments The fair value considers several factors including: • Fair value of the underlying loan based on quoted prices in the secondary market, when available. • Value of servicing • Fall-out factor Level 3 recurring fair value measurement.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Amortized Cost and Fair Value of Available-for-Sale Securities	The following table sets forth certain information regarding the amortized cost basis and fair values of our investment securities AFS and held-to-maturity ("HTM"): At June 30, 2022 (in thousands) Amortized Gross Gross Fair AFS Mortgage backed securities ("MBS"): Residential $ 131,458 $ 137 $ (2,664) $ 128,931 Commercial 70,076 — (6,503) 63,573 Collateralized mortgage obligations ("CMOs"): Residential 314,451 175 (18,577) 296,049 Commercial 131,781 75 (5,265) 126,591 Municipal bonds 582,262 826 (47,735) 535,353 Corporate debt securities 31,792 — (1,462) 30,330 U.S. Treasury securities 23,178 — (2,248) 20,930 Total $ 1,284,998 $ 1,213 $ (84,454) $ 1,201,757 HTM Municipal bonds $ 3,118 $ 3 $ (32) $ 3,089 At December 31, 2021 (in thousands) Amortized Gross Gross Fair AFS MBS: Residential $ 32,905 $ 396 $ (338) $ 32,963 Commercial 62,094 933 (235) 62,792 CMOs: Residential 186,703 2,012 (1,321) 187,394 Commercial 135,102 1,890 (333) 136,659 Municipal bonds 516,693 24,154 (924) 539,923 Corporate debt securities 18,918 699 (1) 19,616 U.S. Treasury securities 23,348 — (173) 23,175 Total $ 975,763 $ 30,084 $ (3,325) $ 1,002,522 HTM Municipal bonds $ 4,169 $ 136 $ — $ 4,305
Amortized Cost and Fair Value of Held-to-Maturity Securities	The following table sets forth certain information regarding the amortized cost basis and fair values of our investment securities AFS and held-to-maturity ("HTM"): At June 30, 2022 (in thousands) Amortized Gross Gross Fair AFS Mortgage backed securities ("MBS"): Residential $ 131,458 $ 137 $ (2,664) $ 128,931 Commercial 70,076 — (6,503) 63,573 Collateralized mortgage obligations ("CMOs"): Residential 314,451 175 (18,577) 296,049 Commercial 131,781 75 (5,265) 126,591 Municipal bonds 582,262 826 (47,735) 535,353 Corporate debt securities 31,792 — (1,462) 30,330 U.S. Treasury securities 23,178 — (2,248) 20,930 Total $ 1,284,998 $ 1,213 $ (84,454) $ 1,201,757 HTM Municipal bonds $ 3,118 $ 3 $ (32) $ 3,089 At December 31, 2021 (in thousands) Amortized Gross Gross Fair AFS MBS: Residential $ 32,905 $ 396 $ (338) $ 32,963 Commercial 62,094 933 (235) 62,792 CMOs: Residential 186,703 2,012 (1,321) 187,394 Commercial 135,102 1,890 (333) 136,659 Municipal bonds 516,693 24,154 (924) 539,923 Corporate debt securities 18,918 699 (1) 19,616 U.S. Treasury securities 23,348 — (173) 23,175 Total $ 975,763 $ 30,084 $ (3,325) $ 1,002,522 HTM Municipal bonds $ 4,169 $ 136 $ — $ 4,305
Investment Securities in an Unrealized Loss Position	Investment securities AFS that were in an unrealized loss position are presented in the following tables based on the length of time the individual securities have been in an unrealized loss position: At June 30, 2022 Less than 12 months 12 months or more Total (in thousands) Gross Fair Gross Fair Gross Fair AFS MBS: Residential $ (2,106) $ 60,558 $ (558) $ 2,089 $ (2,664) $ 62,647 Commercial (6,503) 63,553 — — (6,503) 63,553 CMOs: Residential (14,699) 263,668 (3,878) 19,095 (18,577) 282,763 Commercial (4,410) 98,776 (855) 7,267 (5,265) 106,043 Municipal bonds (44,369) 449,658 (3,366) 10,638 (47,735) 460,296 Corporate debt securities (1,462) 30,259 — — (1,462) 30,259 U.S. Treasury securities (2,248) 20,930 — — (2,248) 20,930 Total $ (75,797) $ 987,402 $ (8,657) $ 39,089 $ (84,454) $ 1,026,491 HTM Municipal bonds $ (32) $ 2,443 $ — $ — $ (32) $ 2,443 At December 31, 2021 Less than 12 months 12 months or more Total (in thousands) Gross Fair Gross Fair Gross Fair MBS: Residential $ (38) $ 5,324 $ (300) $ 2,406 $ (338) $ 7,730 Commercial (235) 18,127 — — (235) 18,127 CMOs: Residential (1,007) 53,068 (314) 7,116 (1,321) 60,184 Commercial (135) 14,806 (198) 5,132 (333) 19,938 Municipal bonds (914) 64,237 (10) 1,058 (924) 65,295 Corporate debt securities (1) 3,164 — — (1) 3,164 U.S. Treasury securities (173) 23,175 — — (173) 23,175 Total $ (2,503) $ 181,901 $ (822) $ 15,712 $ (3,325) $ 197,613
Computation of Weighted Average Yield using Coupon on the Fair Value	The following tables present the fair value of investment securities AFS and HTM by contractual maturity along with the associated contractual yield: At June 30, 2022 Within one year After one year After five years After Total (dollars in thousands) Fair Weighted Fair Weighted Fair Weighted Fair Weighted Fair Weighted AFS Municipal bonds $ 4,122 3.55 % $ 16,348 3.02 % $ 73,618 3.46 % $ 441,265 2.99 % $ 535,353 3.05 % Corporate debt securities — — % 5,463 3.50 % 24,867 4.34 % — — % 30,330 4.20 % U.S. Treasury securities — — % — — % 20,930 1.16 % — — % 20,930 1.16 % Total $ 4,122 3.55 % $ 21,811 3.14 % $ 119,415 3.22 % $ 441,265 2.99 % $ 586,613 3.04 % HTM Municipal bonds $ 646 3.49 % $ 2,443 2.06 % $ — — % $ — — % $ 3,089 2.35 % At December 31, 2021 Within one year After one year After five years After Total (dollars in thousands) Fair Weighted Fair Weighted Fair Weighted Fair Weighted Fair Weighted AFS Municipal bonds $ 4,933 3.79 % $ 14,366 3.26 % $ 68,025 3.60 % $ 452,599 3.23 % $ 539,923 3.28 % Corporate debt securities — — % 6,563 3.60 % 13,053 5.03 % — — % 19,616 4.55 % U.S. Treasury securities — — % — — % 23,175 1.27 % — — % 23,175 1.27 % Total $ 4,933 3.79 % $ 20,929 3.37 % $ 104,253 3.23 % $ 452,599 3.23 % $ 582,714 3.24 % HTM Municipal bonds $ 1,684 2.86 % $ 2,621 2.12 % $ — — % $ — — % $ 4,305 2.42 %
Schedule of Sales of Investment Securities	Sales of AFS investment securities were as follows: Quarter Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Proceeds $ — $ 28,187 $ 962 $ 28,187 Gross gains — 288 71 288 Gross losses — (226) — (226)
Carrying Value of Securities Pledged as Collateral	The following table summarizes the carrying value of securities pledged as collateral to secure public deposits, borrowings and other purposes as permitted or required by law: (in thousands) At June 30, 2022 At December 31, 2021 Washington, Oregon and California to secure public deposits $ 195,497 $ 206,153 Other securities pledged 4,787 5,258 Total securities pledged as collateral $ 200,284 $ 211,411

LOANS AND CREDIT QUALITY (Table

LOANS AND CREDIT QUALITY (Tables)	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Loans Held for Investment	LHFI consists of the following: (in thousands) At June 30, 2022 At December 31, 2021 CRE Non-owner occupied CRE $ 711,077 $ 705,359 Multifamily 3,475,697 2,415,359 Construction/land development 569,896 496,144 Total 4,756,670 3,616,862 Commercial and industrial loans Owner occupied CRE 470,259 457,706 Commercial business 393,764 401,872 Total 864,023 859,578 Consumer loans Single family 822,389 763,331 Home equity and other 316,655 303,078 Total (1) 1,139,044 1,066,409 Total LHFI 6,759,737 5,542,849 Allowance for credit losses ("ACL") (37,355) (47,123) Total LHFI less ACL $ 6,722,382 $ 5,495,726
Activity in Allowance for Credit Losses	Activity in the ACL for LHFI and the allowance for unfunded commitments was as follows: Quarter Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Beginning balance $ 37,944 $ 64,047 $ 47,123 $ 64,294 Provision for credit losses (216) (4,145) (9,439) (4,516) Net (charge-offs) recoveries (373) (5) (329) 119 Ending balance $ 37,355 $ 59,897 $ 37,355 $ 59,897 Allowance for unfunded commitments: Beginning balance $ 2,627 $ 1,959 $ 2,404 $ 1,588 Provision for credit losses 216 145 439 516 Ending balance $ 2,843 $ 2,104 $ 2,843 $ 2,104 Provision for credit losses: Allowance for credit losses - loans $ (216) $ (4,145) $ (9,439) $ (4,516) Allowance for unfunded commitments 216 145 439 516 Total $ — $ (4,000) $ (9,000) $ (4,000) Activity in the ACL for LHFI by loan portfolio and loan sub-class was as follows: Quarter Ended June 30, 2022 (in thousands) Beginning balance Charge-offs Recoveries Provision Ending balance CRE Non-owner occupied CRE $ 2,294 $ — $ — $ (114) $ 2,180 Multifamily 8,427 — — 1,647 10,074 Construction/land development Multifamily construction 456 — — 110 566 CRE construction 184 — — 1 185 Single family construction 7,735 — — 2,952 10,687 Single family construction to permanent 990 — — 169 1,159 Total 20,086 — — 4,765 24,851 Commercial and industrial loans Owner occupied CRE 3,536 — — (2,444) 1,092 Commercial business 6,910 (649) 45 (2,728) 3,578 Total 10,446 (649) 45 (5,172) 4,670 Consumer loans Single family 3,762 — 136 129 4,027 Home equity and other 3,650 (33) 128 62 3,807 Total 7,412 (33) 264 191 7,834 Total ACL $ 37,944 $ (682) $ 309 $ (216) $ 37,355 Quarter Ended June 30, 2021 (in thousands) Beginning balance Charge-offs Recoveries Provision Ending balance CRE Non-owner occupied CRE $ 9,218 $ — $ — $ (141) $ 9,077 Multifamily 6,969 — — 276 7,245 Construction/land development Multifamily construction 3,936 — — (3,436) 500 CRE construction 1,908 — — 114 2,022 Single family construction 5,007 — — 646 5,653 Single family construction to permanent 1,124 — — (77) 1,047 Total 28,162 — — (2,618) 25,544 Commercial and industrial loans Owner occupied CRE 5,266 — — 252 5,518 Commercial business 17,105 — 24 (1,255) 15,874 Total 22,371 — 24 (1,003) 21,392 Consumer loans Single family 6,735 (44) 2 470 7,163 Home equity and other 6,779 (35) 48 (994) 5,798 Total 13,514 (79) 50 (524) 12,961 Total ACL $ 64,047 $ (79) $ 74 $ (4,145) $ 59,897 Six Months Ended June 30, 2022 (in thousands) Beginning balance Charge-offs Recoveries Provision Ending CRE Non-owner occupied CRE $ 7,509 $ — $ — $ (5,329) $ 2,180 Multifamily 5,854 — — 4,220 10,074 Construction/land development Multifamily construction 507 — — 59 566 CRE construction 150 — — 35 185 Single family construction 6,411 — — 4,276 10,687 Single family construction to permanent 1,055 — — 104 1,159 Total 21,486 — — 3,365 24,851 Commercial and industrial loans Owner occupied CRE 5,006 — — (3,914) 1,092 Commercial business 12,273 (660) 69 (8,104) 3,578 Total 17,279 (660) 69 (12,018) 4,670 Consumer loans Single family 4,394 — 140 (507) 4,027 Home equity and other 3,964 (66) 188 (279) 3,807 Total 8,358 (66) 328 (786) 7,834 Total ACL $ 47,123 $ (726) $ 397 $ (9,439) $ 37,355 Six Months Ended June 30, 2021 (in thousands) Beginning balance Charge-offs Recoveries Provision Ending CRE Non-owner occupied CRE $ 8,845 $ — $ — $ 232 $ 9,077 Multifamily 6,072 — — 1,173 7,245 Construction/land development Multifamily construction 4,903 — — (4,403) 500 CRE construction 1,670 — — 352 2,022 Single family construction 5,130 — — 523 5,653 Single family construction to permanent 1,315 — — (268) 1,047 Total 27,935 — — (2,391) 25,544 Commercial and industrial loans Owner occupied CRE 4,994 — — 524 5,518 Commercial business 17,043 — 98 (1,267) 15,874 Total 22,037 — 98 (743) 21,392 Consumer loans Single family 6,906 (114) 122 249 7,163 Home equity and other 7,416 (91) 104 (1,631) 5,798 Total 14,322 (205) 226 (1,382) 12,961 Total ACL $ 64,294 $ (205) $ 324 $ (4,516) $ 59,897
Designated Loan Grades by Loan Portfolio Segment and Loan Class	The following table presents a vintage analysis of the commercial portfolio segment by loan sub-class and risk rating or delinquency status. At June 30, 2022 (in thousands) 2022 2021 2020 2019 2018 2017 and prior Revolving Revolving-term Total COMMERCIAL PORTFOLIO Non-owner occupied CRE Pass $ 60,429 $ 68,503 $ 49,985 $ 142,238 $ 121,467 $ 264,425 $ 3,187 $ 843 $ 711,077 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total 60,429 68,503 49,985 142,238 121,467 264,425 3,187 843 711,077 Multifamily Pass 1,183,994 1,294,761 523,758 223,254 59,858 161,060 501 — 3,447,186 Special Mention — — 8,676 19,835 — — — — 28,511 Substandard — — — — — — — — — Total 1,183,994 1,294,761 532,434 243,089 59,858 161,060 501 — 3,475,697 Multifamily construction Pass (179) 17,954 25,601 — — — — — 43,376 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total (179) 17,954 25,601 — — — — — 43,376 CRE construction Pass — 14,146 3,957 — 1,887 534 — — 20,524 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total — 14,146 3,957 — 1,887 534 — — 20,524 Single family construction Pass 89,586 108,460 22,717 12,438 — 76 113,846 — 347,123 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total 89,586 108,460 22,717 12,438 — 76 113,846 — 347,123 Single family construction to permanent Current 21,192 107,448 19,654 9,856 723 — — — 158,873 Past due: 30-59 days — — — — — — — — — 60-89 days — — — — — — — — — 90+ days — — — — — — — — — Total 21,192 107,448 19,654 9,856 723 — — — 158,873 Owner occupied CRE Pass 41,637 70,204 46,819 74,726 42,438 175,013 149 1,368 452,354 Special Mention — — — — 2,439 11,916 — — 14,355 Substandard — — — — 1,111 2,383 — 56 3,550 Total 41,637 70,204 46,819 74,726 45,988 189,312 149 1,424 470,259 Commercial business Pass 52,389 48,098 48,079 34,689 17,952 23,204 141,298 1,999 367,708 Special Mention — 201 26 — 194 3,523 756 201 4,901 Substandard — 7,448 2,915 2,284 1,787 2,091 4,620 10 21,155 Total 52,389 55,747 51,020 36,973 19,933 28,818 146,674 2,210 393,764 Total commercial portfolio $ 1,449,048 $ 1,737,223 $ 752,187 $ 519,320 $ 249,856 $ 644,225 $ 264,357 $ 4,477 $ 5,620,693 The following table presents a vintage analysis of the consumer portfolio segment by loan sub-class and delinquency status: At June 30, 2022 (in thousands) 2022 2021 2020 2019 2018 2017 and prior Revolving Revolving-term Total CONSUMER PORTFOLIO Single family Current $ 123,677 $ 194,198 $ 149,161 $ 47,744 $ 48,522 $ 256,738 $ — $ — $ 820,040 Past due: 30-59 days — — — — — 462 — — 462 60-89 days — — — — — 173 — — 173 90+ days — — — 432 452 830 — — 1,714 Total 123,677 194,198 149,161 48,176 48,974 258,203 — — 822,389 Home equity and other Current 1,188 1,307 242 238 175 2,085 306,225 4,457 315,917 Past due: 30-59 days 3 3 13 — — — 191 — 210 60-89 days — 3 — — — 94 99 — 196 90+ days — 4 — — — 95 233 — 332 Total 1,191 1,317 255 238 175 2,274 306,748 4,457 316,655 Total consumer portfolio (1) $ 124,868 $ 195,515 $ 149,416 $ 48,414 $ 49,149 $ 260,477 $ 306,748 $ 4,457 $ 1,139,044 Total LHFI $ 1,573,916 $ 1,932,738 $ 901,603 $ 567,734 $ 299,005 $ 904,702 $ 571,105 $ 8,934 $ 6,759,737 (1) Includes $6.5 million of loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes in fair value recognized in the consolidated income statements. The following table presents a vintage analysis of the commercial portfolio segment by loan sub-class and risk rating or delinquency status: At December 31, 2021 (in thousands) 2021 2020 2019 2018 2017 2016 and prior Revolving Revolving-term Total COMMERCIAL PORTFOLIO Non-owner occupied CRE Pass $ 68,647 $ 50,571 $ 169,711 $ 130,877 $ 100,674 $ 183,024 $ 963 $ 892 $ 705,359 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total 68,647 50,571 169,711 130,877 100,674 183,024 963 892 705,359 Multifamily Pass 1,315,204 561,666 286,826 60,372 26,065 165,225 1 — 2,415,359 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total 1,315,204 561,666 286,826 60,372 26,065 165,225 1 — 2,415,359 Multifamily construction Pass 7,825 22,863 7,173 — — — — — 37,861 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total 7,825 22,863 7,173 — — — — — 37,861 CRE construction Pass 7,694 3,960 — 1,962 — 556 — — 14,172 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total 7,694 3,960 — 1,962 — 556 — — 14,172 Single family construction Pass 146,595 35,640 14,509 — — 77 99,206 — 296,027 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total 146,595 35,640 14,509 — — 77 99,206 — 296,027 Single family construction to permanent Current 90,311 42,636 13,362 1,775 — — — — 148,084 Past due: 30-59 days — — — — — — — — — 60-89 days — — — — — — — — — 90+ days — — — — — — — — — Total 90,311 42,636 13,362 1,775 — — — — 148,084 Owner occupied CRE Pass 70,902 47,536 57,423 47,716 67,042 106,659 798 2,839 400,915 Special Mention — — — 2,196 6,019 145 — 60 8,420 Substandard — — 18,665 1,111 10,151 18,444 — — 48,371 Total 70,902 47,536 76,088 51,023 83,212 125,248 798 2,899 457,706 Commercial business Pass 88,139 51,453 44,882 24,711 11,859 21,258 112,759 2,104 357,165 Special Mention — — 7,396 — 4,396 — 5,613 134 17,539 Substandard 9,716 3,399 1,667 5,928 1,096 1,328 3,932 102 27,168 Total 97,855 54,852 53,945 30,639 17,351 22,586 122,304 2,340 401,872 Total commercial portfolio $ 1,805,033 $ 819,724 $ 621,614 $ 276,648 $ 227,302 $ 496,716 $ 223,272 $ 6,131 $ 4,476,440 The following table presents a vintage analysis of the consumer portfolio segment by loan sub-class and delinquency status: At December 31, 2021 (in thousands) 2021 2020 2019 2018 2017 2016 and prior Revolving Revolving-term Total CONSUMER PORTFOLIO Single family Current $ 176,110 $ 156,360 $ 62,369 $ 66,063 $ 95,988 $ 204,229 $ — $ — $ 761,119 Past due: 30-59 days — — 291 — — — — — 291 60-89 days — — — — 314 471 — — 785 90+ days — — 561 452 — 123 — — 1,136 Total 176,110 156,360 63,221 66,515 96,302 204,823 — — 763,331 Home equity and other Current 2,005 474 393 532 516 2,609 290,512 5,273 302,314 Past due: 30-59 days — 3 — — — 94 40 — 137 60-89 days — — — — — — 12 62 74 90+ days 3 — — — — 6 544 — 553 Total 2,008 477 393 532 516 2,709 291,108 5,335 303,078 Total consumer portfolio (1) $ 178,118 $ 156,837 $ 63,614 $ 67,047 $ 96,818 $ 207,532 $ 291,108 $ 5,335 $ 1,066,409 Total LHFI $ 1,983,151 $ 976,561 $ 685,228 $ 343,695 $ 324,120 $ 704,248 $ 514,380 $ 11,466 $ 5,542,849 (1) Includes $7.3 million of loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes in fair value recognized in the consolidated income statements.
Schedule of Collateral Dependent Loans	The following table presents the amortized cost basis of collateral-dependent loans by loan sub-class and collateral type: At June 30, 2022 (in thousands) Land 1-4 Family Non-residential real estate Other non-real estate Total Commercial and industrial loans Owner occupied CRE $ 1,111 $ — $ 1,410 $ — $ 2,521 Commercial business 362 — 562 4 928 Total collateral-dependent loans $ 1,473 $ — $ 1,972 $ 4 $ 3,449
Schedule of Loans on Nonaccrual with no Related Allowance for Credit Loss	At December 31, 2021 (in thousands) Land 1-4 Family Non-residential real estate Other non-real estate Total Commercial and industrial loans Owner occupied CRE $ 1,111 $ — $ 2,456 $ — $ 3,567 Commercial business 362 27 562 286 1,237 Total 1,473 27 3,018 286 4,804 Consumer loans Single family — 1,598 — — 1,598 Home equity loans and other — 19 — — 19 Total — 1,617 — — 1,617 Total collateral-dependent loans $ 1,473 $ 1,644 $ 3,018 $ 286 $ 6,421 Nonaccrual and Past Due Loans The following table presents nonaccrual status for loans: At June 30, 2022 At December 31, 2021 (in thousands) Nonaccrual with no related ACL Total Nonaccrual Nonaccrual with no related ACL Total Nonaccrual Commercial and industrial loans Owner occupied CRE $ 2,521 $ 2,521 $ 3,568 $ 3,568 Commercial business 928 1,405 1,210 5,023 Total 3,449 3,926 4,778 8,591 Consumer loans Single family 495 4,186 1,324 2,802 Home equity and other 4 970 23 808 Total 499 5,156 1,347 3,610 Total nonaccrual loans $ 3,948 $ 9,082 $ 6,125 $ 12,201
Schedule of Loans Past Due	The following tables present an aging analysis of past due loans by loan portfolio segment and loan sub-class: At June 30, 2022 Past Due and Still Accruing (in thousands) 30-59 days 60-89 days 90 days or Nonaccrual Total past due and nonaccrual (3) Current Total CRE Non-owner occupied CRE $ — $ — $ — $ — $ — $ 711,077 $ 711,077 Multifamily — — — — — 3,475,697 3,475,697 Construction/land development Multifamily construction — — — — — 43,376 43,376 CRE construction — — — — — 20,524 20,524 Single family construction — — — — — 347,123 347,123 Single family construction to permanent — — — — — 158,873 158,873 Total — — — — — 4,756,670 4,756,670 Commercial and industrial loans Owner occupied CRE — — — 2,521 2,521 467,738 470,259 Commercial business 870 7 — 1,405 2,282 391,482 393,764 Total 870 7 — 3,926 4,803 859,220 864,023 Consumer loans Single family 2,384 1,505 7,010 (2) 4,186 15,085 807,304 822,389 Home equity and other 38 197 — 970 1,205 315,450 316,655 Total 2,422 1,702 7,010 5,156 16,290 1,122,754 1,139,044 (1) Total loans $ 3,292 $ 1,709 $ 7,010 $ 9,082 $ 21,093 $ 6,738,644 $ 6,759,737 % 0.05 % 0.03 % 0.10 % 0.13 % 0.31 % 99.69 % 100.00 % At December 31, 2021 Past Due and Still Accruing (in thousands) 30-59 days 60-89 days 90 days or Nonaccrual Total past due and nonaccrual (3) Current Total CRE Non-owner occupied CRE $ — $ — $ — $ — $ — $ 705,359 $ 705,359 Multifamily — — — — — 2,415,359 2,415,359 Construction/land development Multifamily construction — — — — — 37,861 37,861 CRE construction — — — — — 14,172 14,172 Single family construction — — — — — 296,027 296,027 Single family construction to permanent — — — — — 148,084 148,084 Total — — — — — 3,616,862 3,616,862 Commercial and industrial loans Owner occupied CRE — — — 3,568 3,568 454,138 457,706 Commercial business 198 — — 5,023 5,221 396,651 401,872 Total 198 — — 8,591 8,789 850,789 859,578 Consumer loans Single family 892 820 6,717 (2) 2,802 11,231 752,100 763,331 Home equity and other 118 74 — 808 1,000 302,078 303,078 Total 1,010 894 6,717 3,610 12,231 1,054,178 1,066,409 (1) Total loans $ 1,208 $ 894 $ 6,717 $ 12,201 $ 21,020 $ 5,521,829 $ 5,542,849 % 0.02 % 0.02 % 0.12 % 0.22 % 0.38 % 99.62 % 100.00 % (1) Includes $6.5 million and $7.3 million of loans at June 30, 2022 and December 31, 2021, respectively, where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes in fair value recognized in our consolidated income statements. (2) FHA-insured and VA-guaranteed single family loans that are 90 days or more past due are maintained on accrual status if they are determined to have little to no risk of loss.
Financing Receivable, Loan Modifications	The following tables provide information related to loans modified during the quarter and six months ended June 30, 2022 to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of concession granted: (in thousands) Significant Payment Delay Quarter Ended June 30, 2022 Six Months Ended June 30, 2022 Loan Type Amortized Cost Basis at Period End % of Total Class of Financing Receivable Amortized Cost Basis at Period End % of Total Class of Financing Receivable Single family $ 340 0.04 % $ 340 0.04 % Home equity and other — — % 70 0.02 % (in thousands) Term Extension Quarter Ended June 30, 2022 Six Months Ended June 30, 2022 Loan Type Amortized Cost Basis at Period End % of Total Class of Financing Receivable Amortized Cost Basis at Period End % of Total Class of Financing Receivable Commercial business $ 1,578 0.40 % $ 1,578 0.40 % Single family 236 0.03 % 272 0.03 % (in thousands) Interest Rate Reduction and Term Extension Quarter Ended June 30, 2022 Six Months Ended June 30, 2022 Loan Type Amortized Cost Basis at Period End % of Total Class of Financing Receivable Amortized Cost Basis at Period End % of Total Class of Financing Receivable Single family $ — — % $ 823 0.10 % (in thousands) Significant Payment Delay and Term Extension Quarter Ended June 30, 2022 Six Months Ended June 30, 2022 Loan Type Amortized Cost Basis at Period End % of Total Class of Financing Receivable Amortized Cost Basis at Period End % of Total Class of Financing Receivable Single family $ 4,048 0.49 % $ 10,084 1.23 % Home equity and other — — % 52 0.02 % (in thousands) Interest Rate Reduction, Significant Payment Delay and Term Extension Quarter Ended June 30, 2022 Six Months Ended June 30, 2022 Loan Type Amortized Cost Basis at Period End % of Total Class of Financing Receivable Amortized Cost Basis at Period End % of Total Class of Financing Receivable Single family $ 2,775 0.34 % $ 6,898 0.84 %
Schedule of Financial Effects of Loan Modifications	The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty: Interest Rate Reduction Quarter Ended June 30, 2022 Six Months Ended June 30, 2022 Single family Reduced weighted-average contractual interest rate from 4.79% to 3.56%. Reduced weighted-average contractual interest rate from 4.35% to 3.36%. Significant Payment Delay Quarter Ended June 30, 2022 Six Months Ended June 30, 2022 Single family Provided payment deferrals to borrowers. A weighted average 0.51% of loan balances were capitalized and added to the remaining term of the loan. Provided payment deferrals to borrowers. A weighted average 0.20% of loan balances were capitalized and added to the remaining term of the loan. Home equity and other — Provided payment deferrals to borrowers. A weighted average 3.41% of loan balances were capitalized and added to the remaining term of the loan. Term Extension Quarter Ended June 30, 2022 Six Months Ended June 30, 2022 Commercial business Added a weighted average 0.8 years to the life of loans, which reduced the monthly payment amounts to the borrowers. Added a weighted average 0.8 years to the life of loans, which reduced the monthly payment amounts to the borrowers. Single family Added a weighted average 6.4 years to the life of loans, which reduced the monthly payment amounts to the borrowers. Added a weighted average 4.5 years to the life of loans, which reduced the monthly payment amounts to the borrowers. Home equity and other — Added a weighted average 16.1 years to the life of loans, which reduced the monthly payment amounts to the borrowers.
Financing Receivable, Loan Modifications, Subsequent Default, by Modification
Financing Receivable, Loan Modifications, Subsequent Default, by Payment Status	The following table depicts the payment status of loans that have been modified to borrowers experiencing financial difficulty during the three months ended March 31, 2022: Payment Status (Amortized Cost Basis) at June 30, 2022 Loan Type Current 30-89 Days Past Due 90+ Days Past Due Single family $ 11,018 $ — $ — Home equity and other 122 — — Total $ 11,140 $ — $ —

DEPOSITS (Tables)

DEPOSITS (Tables)	6 Months Ended
	Jun. 30, 2022
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]
Deposit Balances, Including Stated Rates	Deposit balances, including their weighted average rates, were as follows: At June 30, 2022 At December 31, 2021 (dollars in thousands) Amount Weighted Average Rate Amount Weighted Average Rate Noninterest-bearing demand deposits $ 1,640,651 — % $ 1,617,069 — % Interest-bearing demand deposits 590,889 0.10 % 513,810 0.10 % Savings 302,359 0.06 % 302,389 0.06 % Money market 2,679,865 0.35 % 2,806,313 0.15 % Certificates of deposit 969,535 0.48 % 906,928 0.51 % Total $ 6,183,299 0.24 % $ 6,146,509 0.15 %
Certificates of Deposit Outstanding	Certificates of deposit outstanding mature as follows: (in thousands) June 30, 2022 Within one year $ 856,617 One to two years 94,266 Two to three years 13,974 Three to four years 2,964 Four to five years 1,708 Thereafter 6 Total $ 969,535

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The Subordinated Debt Securities outstanding as of June 30, 2022 and December 31, 2021 are as follows: HomeStreet Statutory Trust (dollars in thousands) I II III IV Date issued June 2005 September 2005 February 2006 March 2007 Amount $5,155 $20,619 $20,619 $15,464 Interest rate 3 MO LIBOR + 1.70% 3 MO LIBOR + 1.50% 3 MO LIBOR + 1.37% 3 MO LIBOR + 1.68% Maturity date June 2035 December 2035 March 2036 June 2037 Call option (1) Quarterly Quarterly Quarterly Quarterly (1) Call options are exercisable at par and are callable, without penalty on a quarterly basis, starting five years after issuance.

DERIVATIVES AND HEDGING ACTIV_2

DERIVATIVES AND HEDGING ACTIVITIES (Tables)	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Notional Amount and Fair Value for Derivatives	The notional amounts and fair values for derivatives, which are included in other assets or accounts payable and other liabilities on the consolidated balance sheet, consist of the following: At June 30, 2022 Notional amount Fair value derivatives (in thousands) Asset Liability Forward sale commitments $ 224,930 $ 1,058 $ (902) Interest rate lock commitments 56,757 737 (415) Interest rate swaps 260,362 9,211 (9,211) Futures 36,800 — (143) Options 26,000 199 — Total derivatives before netting $ 604,849 11,205 (10,671) Netting adjustment/Cash collateral (1) (10,035) (93) Carrying value on consolidated balance sheet $ 1,170 $ (10,764) At December 31, 2021 Notional amount Fair value derivatives (in thousands) Asset Liability Forward sale commitments $ 793,208 $ 723 $ (640) Interest rate lock commitments 115,025 2,487 (3) Interest rate swaps 287,352 4,381 (4,541) Futures 139,900 334 — Total derivatives before netting $ 1,335,485 7,925 (5,184) Netting adjustment/Cash collateral (1) 1,355 3,921 Carrying value on consolidated balance sheet $ 9,280 $ (1,263)
Fair Value, Concentration of Risk	The following table presents gross fair value and net carrying value information for derivative instruments: (in thousands) Gross fair value Netting adjustments/ Cash collateral (1) Carrying value At June 30, 2022 Derivative assets $ 11,205 $ (10,035) $ 1,170 Derivative liabilities (10,671) (93) (10,764) At December 31, 2021 Derivative assets $ 7,925 $ 1,355 $ 9,280 Derivative liabilities (5,184) 3,921 (1,263)
Net Gains (Losses) Recognized on Economic Hedge Derivatives	The following table presents the net gain (loss) recognized on economic hedge derivatives, within the respective line items in the consolidated income statements for the periods indicated: Quarter Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Recognized in noninterest income: Net gain (loss) on loan origination and sale activities (1) $ 2,650 $ (7,267) $ 7,263 $ (3,409) Loan servicing income (loss) (2) (2,190) 5,024 (11,629) (7,567) Other (3) 1 (35) 160 264 (1) Comprised of IRLCs and forward contracts used as an economic hedge of loans held for sale. (2) Comprised of interest rate swaps, interest rate swaptions, futures, US Treasury options and forward contracts used as economic hedges of single family MSRs. (3) Impact of interest rate swap agreements executed with commercial banking customers.

MORTGAGE BANKING OPERATIONS (Ta

MORTGAGE BANKING OPERATIONS (Tables)	6 Months Ended
	Jun. 30, 2022
Mortgage Banking [Abstract]
Mortgage Loans on Real Estate, by Loan	LHFS consisted of the following: (in thousands) At June 30, 2022 At December 31, 2021 Single family $ 35,853 $ 128,041 CRE, multifamily and SBA 11,461 48,090 Total $ 47,314 $ 176,131 Loans sold consisted of the following for the periods indicated: Quarter Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Single family $ 187,623 $ 627,282 $ 510,693 $ 1,200,322 CRE, multifamily and SBA 50,292 138,421 99,429 396,138 Total $ 237,915 $ 765,703 $ 610,122 $ 1,596,460
Net Gain on Loan Origination and Sale Activity	Gain on loan origination and sale activities, including the effects of derivative risk management instruments, consisted of the following: Quarter Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Single family $ 3,949 $ 15,836 $ 10,118 $ 42,023 CRE, multifamily and SBA 1,343 5,435 3,448 12,707 Total $ 5,292 $ 21,271 $ 13,566 $ 54,730
Company's Portfolio of Loans Serviced for Others	The Company's portfolio of loans serviced for others is primarily comprised of loans held in U.S. government and agency MBS issued by Fannie Mae, Freddie Mac and Ginnie Mae. The unpaid principal balance of loans serviced for others is as follows: (in thousands) At June 30, 2022 At December 31, 2021 Single family $ 5,535,691 $ 5,539,180 CRE, multifamily and SBA 1,998,335 2,031,087 Total $ 7,534,026 $ 7,570,267
Mortgage Repurchase Losses	The following is a summary of changes in the Company's liability for estimated single-family mortgage repurchase losses: Quarter Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Balance, beginning of period $ 1,638 $ 1,941 $ 1,312 $ 2,122 Additions, net of adjustments (1) 133 (26) 491 (46) Realized (losses) recoveries, net (2) (280) (303) (312) (464) Balance, end of period $ 1,491 $ 1,612 $ 1,491 $ 1,612 (1) Includes additions for new loan sales and changes in estimated probable future repurchase losses on previously sold loans. (2) Includes principal losses and accrued interest on repurchased loans, "make-whole" settlements, settlements with claimants and certain related expenses.
Revenue from Mortgage Servicing, Including the Effects of Derivative Risk Management Instruments	Revenue from mortgage servicing, including the effects of derivative risk management instruments, consisted of the following: Quarter Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Servicing income, net: Servicing fees and other $ 9,507 $ 9,245 $ 17,828 $ 18,158 Amortization of single family MSRs (1) (2,515) (5,181) (5,940) (10,874) Amortization of multifamily and SBA MSRs (2,337) (2,133) (4,049) (3,477) Total 4,655 1,931 7,839 3,807 Risk management, single family MSRs: Changes in fair value of MSRs due to assumptions (2) 4,323 (5,024) 14,626 6,439 Net gain (loss) from economic hedging (5,317) 5,024 (15,500) (7,567) Total (994) — (874) (1,128) Loan servicing income (loss) $ 3,661 $ 1,931 $ 6,965 $ 2,679 (1) Represents changes due to collection/realization of expected cash flows and curtailments. (2) Principally reflects changes in model assumptions, including prepayment speed assumptions, which are primarily affected by changes in mortgage interest rates.
Changes in Single Family MSRs Measured at Fair Value	The changes in single family MSRs measured at fair value are as follows: Quarter Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Beginning balance $ 72,378 $ 62,352 $ 61,584 $ 49,966 Additions and amortization: Originations 2,295 7,725 6,211 14,341 Amortization (1) (2,515) (5,181) (5,940) (10,874) Net additions and amortization (220) 2,544 271 3,467 Changes in fair value assumptions (2) 4,323 (5,024) 14,626 6,439 Ending balance $ 76,481 $ 59,872 $ 76,481 $ 59,872 (1) Represents changes due to collection/realization of expected cash flows and curtailments. (2) Principally reflects changes in model assumptions, including prepayment speed assumptions, which are primarily affected by changes in mortgage interest rates.
Key Economic Assumptions Used in Measuring Initial FV of Capitalized Single Family MSRs	Key economic assumptions used in measuring the initial fair value of capitalized single family MSRs were as follows: Quarter Ended June 30, Six Months Ended June 30, (rates per annum) (1) 2022 2021 2022 2021 Constant prepayment rate ("CPR") (2) 11.42 % 8.33 % 10.14 % 8.35 % Discount rate 9.83 % 8.48 % 8.90 % 8.43 % (1) Based on a weighted average. (2) Represents an expected lifetime average CPR used in the model.
Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets	For single family MSRs, we use a discounted cash flow valuation technique which utilizes CPRs and discount rates as significant unobservable inputs as noted in the table below: At June 30, 2022 At December 31, 2021 Range of Inputs Average (1) Range of Inputs Average (1) CPRs 6.01% - 11.85% 8.55 % 7.90% - 17.35% 10.35 % Discount Rates 8.76% - 15.91% 9.65 % 6.94% - 13.96% 7.97 % (1) Weighted averages of all the inputs within the range. To compute hypothetical sensitivities of the value of our single family MSRs to immediate adverse changes in key assumptions, we computed the impact of changes to CPRs and in discount rates as outlined below: (dollars in thousands) At June 30, 2022 Fair value of single family MSR $ 76,481 Expected weighted-average life (in years) 7.64 CPR Impact on fair value of 25 basis points adverse change in interest rates $ (1,003) Impact on fair value of 50 basis points adverse change in interest rates $ (2,338) Discount rate Impact on fair value of 100 basis points increase $ (3,430) Impact on fair value of 200 basis points increase $ (6,597)
Changes in Multifamily MSRs Measured at the Lower of Amortized Cost or Fair Value	The changes in multifamily and SBA MSRs measured at the lower of amortized cost or fair value were as follows: Quarter Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Beginning balance $ 39,279 $ 39,626 $ 39,415 $ 35,774 Originations 1,188 1,620 2,764 6,816 Amortization (2,337) (2,133) (4,049) (3,477) Ending balance $ 38,130 $ 39,113 $ 38,130 $ 39,113

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table summarizes the calculation of earnings per share: Quarter Ended June 30, Six Months Ended June 30, (in thousands, except share and per share data) 2022 2021 2022 2021 Net income $ 17,721 $ 29,157 $ 37,672 $ 58,820 Weighted average shares: Basic weighted-average number of common shares outstanding 18,706,953 21,057,473 19,143,925 21,345,969 Dilutive effect of outstanding common stock equivalents 127,490 230,501 166,825 277,329 Diluted weighted-average number of common shares outstanding 18,834,443 21,287,974 19,310,750 21,623,298 Net income per share: Basic earnings per share $ 0.95 $ 1.38 $ 1.97 $ 2.76 Diluted earnings per share 0.94 1.37 1.95 2.72

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurement Methodologies	The following table summarizes the fair value measurement methodologies, including significant inputs and assumptions and classification of the Company's assets and liabilities valued at fair value on a recurring basis. Asset/Liability class Valuation methodology, inputs and assumptions Classification Investment securities Trading securities Fair Value is based on quoted prices in an active market. Level 1 recurring fair value measurement. Investment securities AFS Observable market prices of identical or similar securities are used where available. Level 2 recurring fair value measurement. If market prices are not readily available, value is based on discounted cash flows using the following significant inputs: • Expected prepayment speeds • Estimated credit losses • Market liquidity adjustments Level 3 recurring fair value measurement. LHFS Single family loans, excluding loans transferred from held for investment Fair value is based on observable market data, including: • Quoted market prices, where available • Dealer quotes for similar loans • Forward sale commitments Level 2 recurring fair value measurement. When not derived from observable market inputs, fair value is based on discounted cash flows, which considers the following inputs: • Benchmark yield curve • Estimated discount spread to the benchmark yield curve • Expected prepayment speeds Estimated fair value classified as Level 3. Mortgage servicing rights Single family MSRs For information on how the Company measures the fair value of its single family MSRs, including key economic assumptions and the sensitivity of fair value to changes in those assumptions, see Note 7 , Mortgage Banking Operations . Level 3 recurring fair value measurement. Derivatives Futures and Options Fair value is based on closing exchange prices. Level 1 recurring fair value measurement. Forward sale commitments Interest rate swaps Fair value is based on quoted prices for identical or similar instruments, when available. When quoted prices are not available, fair value is based on internally developed modeling techniques, which require the use of multiple observable market inputs including: Level 2 recurring fair value measurement. Interest rate lock commitments The fair value considers several factors including: • Fair value of the underlying loan based on quoted prices in the secondary market, when available. • Value of servicing • Fall-out factor Level 3 recurring fair value measurement.
Schedule of Fair Value Hierarchy Measurement	The following tables presents the levels of the fair value hierarchy for the Company's assets and liabilities measured at fair value on a recurring basis: At June 30, 2022 (in thousands) Fair Value Level 1 Level 2 Level 3 Assets: Trading securities - U.S. Treasury securities $ 33,081 $ 33,081 $ — $ — Investment securities AFS Mortgage backed securities: Residential 128,931 — 126,843 2,088 Commercial 63,573 — 63,573 — Collateralized mortgage obligations: Residential 296,049 — 296,049 — Commercial 126,591 — 126,591 — Municipal bonds 535,353 — 535,353 — Corporate debt securities 30,330 — 30,258 72 U.S. Treasury securities 20,930 — 20,930 — Single family LHFS 35,853 — 35,853 — Single family LHFI 6,508 — — 6,508 Single family mortgage servicing rights 76,481 — — 76,481 Derivatives Forward sale commitments 1,058 — 1,058 — Options 199 199 — — Interest rate lock commitments 737 — — 737 Interest rate swaps 9,211 — 9,211 — Total assets $ 1,364,885 $ 33,280 $ 1,245,719 $ 85,886 Liabilities: Derivatives Futures $ 143 $ 143 $ — $ — Forward sale commitments 902 — 902 — Interest rate lock commitments 415 — — 415 Interest rate swaps 9,211 — 9,211 — Total liabilities $ 10,671 $ 143 $ 10,113 $ 415 At December 31, 2021 (in thousands) Fair Value Level 1 Level 2 Level 3 Assets: Investment securities AFS Mortgage backed securities: Residential $ 32,963 $ — $ 30,556 $ 2,407 Commercial 62,792 — 62,792 — Collateralized mortgage obligations: Residential 187,394 — 187,394 — Commercial 136,659 — 136,659 — Municipal bonds 539,923 — 539,923 — Corporate debt securities 19,616 — 19,541 75 U.S. Treasury securities 23,175 — 23,175 — Single family LHFS 128,041 — 128,041 — Single family LHFI 7,287 — — 7,287 Single family mortgage servicing rights 61,584 — — 61,584 Derivatives Futures 334 334 — — Forward sale commitments 723 — 723 — Interest rate lock commitments 2,487 — — 2,487 Interest rate swaps 4,381 — 4,381 — Total assets $ 1,207,359 $ 334 $ 1,133,185 $ 73,840 Liabilities: Derivatives Forward sale commitments $ 640 $ — $ 640 $ — Interest rate lock commitments 3 — — 3 Interest rate swaps 4,541 — 4,541 — Total liabilities $ 5,184 $ — $ 5,181 $ 3
Schedule of Inputs Used to Measure Fair Value	The following information presents significant Level 3 unobservable inputs used to measure fair value of certain assets: (dollars in thousands) Fair Value Valuation Significant Unobservable Low High Weighted Average June 30, 2022 Investment securities AFS $ 2,160 Income approach Implied spread to benchmark interest rate curve 2.00% 2.00% 2.00% Single family LHFI 6,508 Income approach Implied spread to benchmark interest rate curve 2.80% 5.04% 3.40% Interest rate lock commitments, net 322 Income approach Fall-out factor 0.10% 20.56% 7.67% Value of servicing 0.52% 1.25% 0.96% December 31, 2021 Investment securities AFS $ 2,482 Income approach Implied spread to benchmark interest rate curve 2.00% 2.00% 2.00% Single family LHFI 7,287 Income approach Implied spread to benchmark interest rate curve 2.39% 7.96% 3.56% Interest rate lock commitments, net 2,484 Income approach Fall-out factor 0.15% 21.93% 8.44% Value of servicing 0.35% 1.46% 1.15%
Schedule of Fair Value Changes and Activity for Level 3	The following table presents fair value changes and activity for certain Level 3 assets for the periods indicated: (in thousands) Beginning balance Additions Transfers Payoffs/Sales Change in mark to market (1) Ending balance Quarter Ended June 30, 2022 Investment securities AFS $ 2,307 $ — $ — $ (49) $ (98) $ 2,160 Single family LHFI 6,981 — — — (473) 6,508 Quarter Ended June 30, 2021 Investment securities AFS $ 2,490 $ — $ — $ (48) $ 108 $ 2,550 Single family LHFI 4,324 785 — — 98 5,207 Six Months Ended June 30, 2022 Investment securities AFS $ 2,482 $ — $ — $ (97) $ (225) $ 2,160 Single family LHFI 7,287 — — — (779) 6,508 Six Months Ended June 30, 2021 Investment securities AFS $ 2,710 $ — $ — $ (96) $ (64) $ 2,550 Single family LHFI 7,108 1,145 — (3,191) 145 5,207 (1) Changes in fair value for single LHFI are recorded in other noninterest income on the consolidated income statements. The following table presents fair value changes and activity for Level 3 interest rate lock commitments: Quarter Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Beginning balance, net $ 78 $ 6,488 $ 2,484 $ 17,392 Total realized/unrealized gains (losses) 1,338 7,282 (839) 3,813 Settlements (1,094) (7,877) (1,323) (15,312) Ending balance, net $ 322 $ 5,893 $ 322 $ 5,893
Schedule of Assets that had Changes in their Recorded Fair Value	The following table presents assets classified as Level 3 that had changes in their recorded fair value for the periods indicated and what we still held at the end of the respective reporting period: (in thousands) Fair Value Total Gains (Losses) At or for the Quarter and Six Months Ended June 30, 2021 LHFI (1) $ 741 $ (62) (1) Represents the carrying value of loans for which adjustments are based on the fair value of the collateral.
Schedule of the Fair Value Hierarchy	The following presents the carrying value, estimated fair value and the levels of the fair value hierarchy for the Company's financial instruments other than assets and liabilities measured at fair value on a recurring basis: At June 30, 2022 (in thousands) Carrying Fair Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 75,277 $ 75,277 $ 75,277 $ — $ — Investment securities HTM 3,118 3,089 — 3,089 — LHFI 6,715,874 6,473,097 — — 6,473,097 LHFS – multifamily and other 11,461 11,552 — 11,552 — Mortgage servicing rights – multifamily and SBA 38,130 42,324 — — 42,324 Federal Home Loan Bank stock 66,992 66,992 — 66,992 — Other assets - GNMA EBO loans 6,102 6,102 — — 6,102 Liabilities: Certificates of deposit $ 969,535 $ 956,983 $ — $ 956,983 $ — Borrowings 1,458,000 1,457,994 1,457,994 Long-term debt 224,227 209,842 — 209,842 — At December 31, 2021 (in thousands) Carrying Fair Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 65,214 $ 65,214 $ 65,214 $ — $ — Investment securities HTM 4,169 4,305 — 4,305 — LHFI 5,488,439 5,588,719 — — 5,588,719 LHFS – multifamily and other 48,090 48,425 — 48,425 — Mortgage servicing rights – multifamily and SBA 39,415 43,199 — — 43,199 Federal Home Loan Bank stock 10,361 10,361 — 10,361 — Other assets-GNMA EBO loans 12,342 12,342 — — 12,342 Liabilities: Certificates of deposit $ 906,928 $ 906,064 $ — $ 906,064 $ — Borrowings 41,000 41,000 — 41,000 — Long-term debt 126,026 116,845 — 116,845 — Fair Value Option Single family loans held for sale accounted under the fair value option are measured initially at fair value with subsequent changes in fair value recognized in earnings. Gains and losses from such changes in fair value are recognized in net gain on mortgage loan origination and sale activities within noninterest income. The change in fair value of loans held for sale is primarily driven by changes in interest rates subsequent to loan funding and changes in fair value of the related servicing asset, resulting in revaluations adjustments to the recorded fair value. The use of the fair value option allows the change in the fair value of loans to more effectively offset the change in fair value of derivative instruments that are used as economic hedges of loans held for sale. The following table presents the difference between the aggregate fair value and the aggregate unpaid principal balance of loans held for sale accounted for under the fair value option: At June 30, 2022 At December 31, 2021 (in thousands) Fair Value Aggregate Unpaid Principal Balance Fair Value Less Aggregated Unpaid Principal Balance Fair Value Aggregate Unpaid Principal Balance Fair Value Less Aggregated Unpaid Principal Balance Single family LHFS $ 35,853 $ 35,684 $ 169 $ 128,041 $ 124,933 $ 3,108
Loans Held For Sale Accounted for Under the Fair Value Option	The following table presents the difference between the aggregate fair value and the aggregate unpaid principal balance of loans held for sale accounted for under the fair value option: At June 30, 2022 At December 31, 2021 (in thousands) Fair Value Aggregate Unpaid Principal Balance Fair Value Less Aggregated Unpaid Principal Balance Fair Value Aggregate Unpaid Principal Balance Fair Value Less Aggregated Unpaid Principal Balance Single family LHFS $ 35,853 $ 35,684 $ 169 $ 128,041 $ 124,933 $ 3,108

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	6 Months Ended
	Jun. 30, 2022 segment
Accounting Policies [Abstract]
Number of Reportable Segments	1

INVESTMENT SECURITIES - Unreali

INVESTMENT SECURITIES - Unrealized Gain/Loss on Investment (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
AFS
Amortized cost	$ 1,284,998	$ 975,763
Gross unrealized gains	1,213	30,084
Gross unrealized losses	(84,454)	(3,325)
Fair value	1,201,757	1,002,522
Residential mortgage-backed securities
AFS
Amortized cost	131,458	32,905
Gross unrealized gains	137	396
Gross unrealized losses	(2,664)	(338)
Fair value	128,931	32,963
Commercial mortgage-backed securities
AFS
Amortized cost	70,076	62,094
Gross unrealized gains	0	933
Gross unrealized losses	(6,503)	(235)
Fair value	63,573	62,792
Residential collateralized mortgage obligations
AFS
Amortized cost	314,451	186,703
Gross unrealized gains	175	2,012
Gross unrealized losses	(18,577)	(1,321)
Fair value	296,049	187,394
Commercial collateralized mortgage obligations
AFS
Amortized cost	131,781	135,102
Gross unrealized gains	75	1,890
Gross unrealized losses	(5,265)	(333)
Fair value	126,591	136,659
Municipal bonds
AFS
Amortized cost	582,262	516,693
Gross unrealized gains	826	24,154
Gross unrealized losses	(47,735)	(924)
Fair value	535,353	539,923
HTM
Amortized cost	3,118	4,169
Gross unrealized gains	3	136
Gross unrealized losses	(32)	0
Fair value	3,089	4,305
Corporate debt securities
AFS
Amortized cost	31,792	18,918
Gross unrealized gains	0	699
Gross unrealized losses	(1,462)	(1)
Fair value	30,330	19,616
U.S. Treasury securities
AFS
Amortized cost	23,178	23,348
Gross unrealized gains	0	0
Gross unrealized losses	(2,248)	(173)
Fair value	$ 20,930	$ 23,175

INVESTMENT SECURITIES - Continu

INVESTMENT SECURITIES - Continuous Unrealized Loss on Investment (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
AFS
AFS, Less than 12 months, Gross unrealized losses	$ (75,797)	$ (2,503)
AFS, Less than 12 months, Fair value	987,402	181,901
AFS, Twelve months or more, Gross unrealized losses	(8,657)	(822)
AFS, Twelve months or more, Fair value	39,089	15,712
AFS, Total, Gross unrealized losses	(84,454)	(3,325)
AFS, Total, Fair value	1,026,491	197,613
Residential mortgage-backed securities
AFS
AFS, Less than 12 months, Gross unrealized losses	(2,106)	(38)
AFS, Less than 12 months, Fair value	60,558	5,324
AFS, Twelve months or more, Gross unrealized losses	(558)	(300)
AFS, Twelve months or more, Fair value	2,089	2,406
AFS, Total, Gross unrealized losses	(2,664)	(338)
AFS, Total, Fair value	62,647	7,730
Commercial mortgage-backed securities
AFS
AFS, Less than 12 months, Gross unrealized losses	(6,503)	(235)
AFS, Less than 12 months, Fair value	63,553	18,127
AFS, Twelve months or more, Gross unrealized losses	0	0
AFS, Twelve months or more, Fair value	0	0
AFS, Total, Gross unrealized losses	(6,503)	(235)
AFS, Total, Fair value	63,553	18,127
Residential collateralized mortgage obligations
AFS
AFS, Less than 12 months, Gross unrealized losses	(14,699)	(1,007)
AFS, Less than 12 months, Fair value	263,668	53,068
AFS, Twelve months or more, Gross unrealized losses	(3,878)	(314)
AFS, Twelve months or more, Fair value	19,095	7,116
AFS, Total, Gross unrealized losses	(18,577)	(1,321)
AFS, Total, Fair value	282,763	60,184
Commercial collateralized mortgage obligations
AFS
AFS, Less than 12 months, Gross unrealized losses	(4,410)	(135)
AFS, Less than 12 months, Fair value	98,776	14,806
AFS, Twelve months or more, Gross unrealized losses	(855)	(198)
AFS, Twelve months or more, Fair value	7,267	5,132
AFS, Total, Gross unrealized losses	(5,265)	(333)
AFS, Total, Fair value	106,043	19,938
Municipal bonds
AFS
AFS, Less than 12 months, Gross unrealized losses	(44,369)	(914)
AFS, Less than 12 months, Fair value	449,658	64,237
AFS, Twelve months or more, Gross unrealized losses	(3,366)	(10)
AFS, Twelve months or more, Fair value	10,638	1,058
AFS, Total, Gross unrealized losses	(47,735)	(924)
AFS, Total, Fair value	460,296	65,295
HTM
HFM, Less than 12 months, Gross unrealized losses	(32)
HFM, Less than 12 months, Fair value	2,443
HFM, 12 months or more, Gross unrealized losses	0
HFM, 12 months or more, Fair value	0
HFM, Total, Gross unrealized losses	(32)
HTM, Total, Fair value	2,443
Corporate debt securities
AFS
AFS, Less than 12 months, Gross unrealized losses	(1,462)	(1)
AFS, Less than 12 months, Fair value	30,259	3,164
AFS, Twelve months or more, Gross unrealized losses	0	0
AFS, Twelve months or more, Fair value	0	0
AFS, Total, Gross unrealized losses	(1,462)	(1)
AFS, Total, Fair value	30,259	3,164
U.S. Treasury securities
AFS
AFS, Less than 12 months, Gross unrealized losses	(2,248)	(173)
AFS, Less than 12 months, Fair value	20,930	23,175
AFS, Twelve months or more, Gross unrealized losses	0	0
AFS, Twelve months or more, Fair value	0	0
AFS, Total, Gross unrealized losses	(2,248)	(173)
AFS, Total, Fair value	$ 20,930	$ 23,175

INVESTMENT SECURITIES - Narrati

INVESTMENT SECURITIES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Trading gain (losses) recorded in servicing income	$ (3,100)		$ (3,900)
Tax exempt interest income on available-for-sale securities	$ 3,100	$ 2,500	$ 5,800	$ 5,000
Mortgage Backed Securities and Collateralized Mortgage Obligations
Debt Securities, Available-for-sale [Line Items]
Weighted average yield	2.30%		2.30%		1.82%
US Treasury Notes Securities | Not Designated as Hedging Instrument, Economic Hedge
Debt Securities, Available-for-sale [Line Items]
Trading securities	$ 33,100		$ 33,100
Unrealized gain (loss) on trading securities			$ 45

INVESTMENT SECURITIES - Weighte

INVESTMENT SECURITIES - Weighted Average Yield (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
AFS
Fair value	$ 1,201,757	$ 1,002,522
Total
AFS
Due within one year, Fair value	$ 4,122	$ 4,933
Weighted Average Yield, due within one year	3.55%	3.79%
Due in one through five years, Fair value	$ 21,811	$ 20,929
Weighted Average Yield, due after one year through five years	3.14%	3.37%
Due after five years through ten years, Fair value	$ 119,415	$ 104,253
Weighted Average Yield, due after five years through ten years	3.22%	3.23%
Due after 10 years, Fair value	$ 441,265	$ 452,599
Weighted Average Yield, due after ten years	2.99%	3.23%
Fair value	$ 586,613	$ 582,714
Weighted Average Yield, Total	3.04%	3.24%
Municipal bonds
AFS
Due within one year, Fair value	$ 4,122	$ 4,933
Weighted Average Yield, due within one year	3.55%	3.79%
Due in one through five years, Fair value	$ 16,348	$ 14,366
Weighted Average Yield, due after one year through five years	3.02%	3.26%
Due after five years through ten years, Fair value	$ 73,618	$ 68,025
Weighted Average Yield, due after five years through ten years	3.46%	3.60%
Due after 10 years, Fair value	$ 441,265	$ 452,599
Weighted Average Yield, due after ten years	2.99%	3.23%
Fair value	$ 535,353	$ 539,923
Weighted Average Yield, Total	3.05%	3.28%
HTM
Due within one year, Fair value	$ 646	$ 1,684
Weighted Average Yield, due within one year	3.49%	2.86%
Due in one through five years, Fair value	$ 2,443	$ 2,621
Weighted Average Yield, due after one year through five years	2.06%	2.12%
Due after five years through ten years, Fair value	$ 0	$ 0
Weighted Average Yield, due after five years through ten years	0%	0%
Due after ten years, Fair value	$ 0	$ 0
Weighted Average Yield, due after ten years	0%	0%
Fair Value	$ 3,089	$ 4,305
Weighted Average Yield, Total	2.35%	2.42%
Corporate debt securities
AFS
Due within one year, Fair value	$ 0	$ 0
Weighted Average Yield, due within one year	0%	0%
Due in one through five years, Fair value	$ 5,463	$ 6,563
Weighted Average Yield, due after one year through five years	3.50%	3.60%
Due after five years through ten years, Fair value	$ 24,867	$ 13,053
Weighted Average Yield, due after five years through ten years	4.34%	5.03%
Due after 10 years, Fair value	$ 0	$ 0
Weighted Average Yield, due after ten years	0%	0%
Fair value	$ 30,330	$ 19,616
Weighted Average Yield, Total	4.20%	4.55%
U.S. Treasury securities
AFS
Due within one year, Fair value	$ 0	$ 0
Weighted Average Yield, due within one year	0%	0%
Due in one through five years, Fair value	$ 0	$ 0
Weighted Average Yield, due after one year through five years	0%	0%
Due after five years through ten years, Fair value	$ 20,930	$ 23,175
Weighted Average Yield, due after five years through ten years	1.16%	1.27%
Due after 10 years, Fair value	$ 0	$ 0
Weighted Average Yield, due after ten years	0%	0%
Fair value	$ 20,930	$ 23,175
Weighted Average Yield, Total	1.16%	1.27%

INVESTMENT SECURITIES - Realize

INVESTMENT SECURITIES - Realized Gain/Loss on Investment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Proceeds	$ 0	$ 28,187	$ 962	$ 28,187
Gross gains	0	288	71	288
Gross losses	$ 0	$ (226)	$ 0	$ (226)

INVESTMENT SECURITIES - Pledged

INVESTMENT SECURITIES - Pledged to Secure Borrowings and Public Deposits (Details) - Asset Pledged as Collateral without Right - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Total securities pledged as collateral	$ 200,284	$ 211,411
Deposits
Debt Securities, Available-for-sale [Line Items]
Washington, Oregon and California to secure public deposits	195,497	206,153
Notes Payable, Other Payables
Debt Securities, Available-for-sale [Line Items]
Other securities pledged	$ 4,787	$ 5,258

LOANS AND CREDIT QUALITY - Narr

LOANS AND CREDIT QUALITY - Narrative (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2022 USD ($) portfolioSegment	Dec. 31, 2021 USD ($)
Financing Receivable, Impaired [Line Items]
Number of portfolio segments | portfolioSegment		2
Loans held for investment ("LHFI") (net of allowance for credit losses of $37,355 and $47,123)	$ 6,722,382,000	$ 6,722,382,000	$ 5,495,726,000
Allowance for unfunded commitments	2,800,000	2,800,000	2,400,000
Accrued interest receivable	20,600,000	$ 20,600,000	$ 17,800,000
Loan modifications, modified in the past 12 months, subsequently defaulted	$ 0
California | Multifamily
Financing Receivable, Impaired [Line Items]
Percentage of loan portfolio	36%	36%	33%
Federal Home Loan Bank Advances | Asset Pledged as Collateral without Right
Financing Receivable, Impaired [Line Items]
Loans held for investment ("LHFI") (net of allowance for credit losses of $37,355 and $47,123)	$ 3,300,000,000	$ 3,300,000,000	$ 2,800,000,000
Federal Reserve Bank Advances | Asset Pledged as Collateral without Right
Financing Receivable, Impaired [Line Items]
Loans held for investment ("LHFI") (net of allowance for credit losses of $37,355 and $47,123)	$ 466,000,000	$ 466,000,000	$ 419,000,000

LOANS AND CREDIT QUALITY - Loan

LOANS AND CREDIT QUALITY - Loans Held for Investment (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Loans held for investment
Loans held for investment	$ 6,759,737		$ 5,542,849
Allowance for credit losses	(37,355)	$ (37,944)	(47,123)	$ (59,897)	$ (64,047)	$ (64,294)
Loans held for investment less allowance for credit losses	6,722,382		5,495,726
Recurring
Loans held for investment
Single family LHFI	6,508		7,287
Recurring | Level 3
Loans held for investment
Single family LHFI	6,508		7,287
Commercial loans
Loans held for investment
Loans held for investment	5,620,693		4,476,440
Commercial loans | Real Estate Sector
Loans held for investment
Loans held for investment	4,756,670		3,616,862
Allowance for credit losses	(24,851)	(20,086)	(21,486)	(25,544)	(28,162)	(27,935)
Commercial loans | Commercial and Industrial Sector
Loans held for investment
Loans held for investment	864,023		859,578
Allowance for credit losses	(4,670)	(10,446)	(17,279)	(21,392)	(22,371)	(22,037)
Commercial loans | Non-owner occupied CRE
Loans held for investment
Loans held for investment	711,077		705,359
Allowance for credit losses	(2,180)	(2,294)	(7,509)	(9,077)	(9,218)	(8,845)
Commercial loans | Multifamily
Loans held for investment
Loans held for investment	3,475,697		2,415,359
Allowance for credit losses	(10,074)	(8,427)	(5,854)	(7,245)	(6,969)	(6,072)
Commercial loans | Construction/land development
Loans held for investment
Loans held for investment	569,896		496,144
Commercial loans | Owner occupied CRE
Loans held for investment
Loans held for investment	470,259		457,706
Allowance for credit losses	(1,092)	(3,536)	(5,006)	(5,518)	(5,266)	(4,994)
Commercial loans | Commercial business
Loans held for investment
Loans held for investment	393,764		401,872
Allowance for credit losses	(3,578)	(6,910)	(12,273)	(15,874)	(17,105)	(17,043)
Consumer loans
Loans held for investment
Loans held for investment	1,139,044		1,066,409
Allowance for credit losses	(7,834)	(7,412)	(8,358)	(12,961)	(13,514)	(14,322)
Consumer loans | Single family
Loans held for investment
Loans held for investment	822,389		763,331
Allowance for credit losses	(4,027)	(3,762)	(4,394)	(7,163)	(6,735)	(6,906)
Consumer loans | Home equity and other
Loans held for investment
Loans held for investment	316,655		303,078
Allowance for credit losses	$ (3,807)	$ (3,650)	$ (3,964)	$ (5,798)	$ (6,779)	$ (7,416)

LOANS AND CREDIT QUALITY - Allo

LOANS AND CREDIT QUALITY - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
ACL for LHFI
Beginning balance	$ 37,944	$ 64,047	$ 47,123	$ 64,294
Provision for credit losses	(216)	(4,145)	(9,439)	(4,516)
Net (charge-offs) recoveries	(373)	(5)	(329)	119
Ending balance	37,355	59,897	37,355	59,897
Allowance for unfunded commitments:
Beginning balance	2,627	1,959	2,404	1,588
Provision for credit losses	216	145	439	516
Ending balance	2,843	2,104	2,843	2,104
Allowance for credit losses - loans	(216)	(4,145)	(9,439)	(4,516)
Total	$ 0	$ (4,000)	$ (9,000)	$ (4,000)

LOANS AND CREDIT QUALITY - Acti

LOANS AND CREDIT QUALITY - Activity in Allowance for Credit Losses by Loan Portfolio (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Allowance for credit losses by loan portfolio
Beginning balance	$ 37,355	$ 59,897	$ 37,355	$ 59,897	$ 37,944	$ 47,123	$ 64,047	$ 64,294
Charge-offs	(682)	(79)	(726)	(205)
Recoveries	309	74	397	324
Provision	(216)	(4,145)	(9,439)	(4,516)
Ending balance	37,355	59,897	37,355	59,897
Commercial loans | Real Estate Sector
Allowance for credit losses by loan portfolio
Beginning balance	24,851	25,544	24,851	25,544	20,086	21,486	28,162	27,935
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	4,765	(2,618)	3,365	(2,391)
Ending balance	24,851	25,544	24,851	25,544
Commercial loans | Commercial and Industrial Sector
Allowance for credit losses by loan portfolio
Beginning balance	4,670	21,392	4,670	21,392	10,446	17,279	22,371	22,037
Charge-offs	(649)	0	(660)	0
Recoveries	45	24	69	98
Provision	(5,172)	(1,003)	(12,018)	(743)
Ending balance	4,670	21,392	4,670	21,392
Commercial loans | Non-owner occupied CRE
Allowance for credit losses by loan portfolio
Beginning balance	2,180	9,077	2,180	9,077	2,294	7,509	9,218	8,845
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	(114)	(141)	(5,329)	232
Ending balance	2,180	9,077	2,180	9,077
Commercial loans | Multifamily
Allowance for credit losses by loan portfolio
Beginning balance	10,074	7,245	10,074	7,245	8,427	5,854	6,969	6,072
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	1,647	276	4,220	1,173
Ending balance	10,074	7,245	10,074	7,245
Commercial loans | Multifamily construction
Allowance for credit losses by loan portfolio
Beginning balance	566	500	566	500	456	507	3,936	4,903
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	110	(3,436)	59	(4,403)
Ending balance	566	500	566	500
Commercial loans | CRE construction
Allowance for credit losses by loan portfolio
Beginning balance	185	2,022	185	2,022	184	150	1,908	1,670
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	1	114	35	352
Ending balance	185	2,022	185	2,022
Commercial loans | Single family construction
Allowance for credit losses by loan portfolio
Beginning balance	10,687	5,653	10,687	5,653	7,735	6,411	5,007	5,130
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	2,952	646	4,276	523
Ending balance	10,687	5,653	10,687	5,653
Commercial loans | Single family construction to permanent
Allowance for credit losses by loan portfolio
Beginning balance	1,159	1,047	1,159	1,047	990	1,055	1,124	1,315
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	169	(77)	104	(268)
Ending balance	1,159	1,047	1,159	1,047
Commercial loans | Owner occupied CRE
Allowance for credit losses by loan portfolio
Beginning balance	1,092	5,518	1,092	5,518	3,536	5,006	5,266	4,994
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	(2,444)	252	(3,914)	524
Ending balance	1,092	5,518	1,092	5,518
Commercial loans | Commercial business
Allowance for credit losses by loan portfolio
Beginning balance	3,578	15,874	3,578	15,874	6,910	12,273	17,105	17,043
Charge-offs	(649)	0	(660)	0
Recoveries	45	24	69	98
Provision	(2,728)	(1,255)	(8,104)	(1,267)
Ending balance	3,578	15,874	3,578	15,874
Consumer loans
Allowance for credit losses by loan portfolio
Beginning balance	7,834	12,961	7,834	12,961	7,412	8,358	13,514	14,322
Charge-offs	(33)	(79)	(66)	(205)
Recoveries	264	50	328	226
Provision	191	(524)	(786)	(1,382)
Ending balance	7,834	12,961	7,834	12,961
Consumer loans | Single family
Allowance for credit losses by loan portfolio
Beginning balance	4,027	7,163	4,027	7,163	3,762	4,394	6,735	6,906
Charge-offs	0	(44)	0	(114)
Recoveries	136	2	140	122
Provision	129	470	(507)	249
Ending balance	4,027	7,163	4,027	7,163
Consumer loans | Home equity and other
Allowance for credit losses by loan portfolio
Beginning balance	3,807	5,798	3,807	5,798	$ 3,650	$ 3,964	$ 6,779	$ 7,416
Charge-offs	(33)	(35)	(66)	(91)
Recoveries	128	48	188	104
Provision	62	(994)	(279)	(1,631)
Ending balance	$ 3,807	$ 5,798	$ 3,807	$ 5,798

LOANS AND CREDIT QUALITY - Lo_2

LOANS AND CREDIT QUALITY - Loans Credit Quality by Year and Type (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	$ 1,573,916	$ 1,983,151
Financing receivable, year two	1,932,738	976,561
Financing receivable, year three	901,603	685,228
Financing receivable, year four	567,734	343,695
Financing receivable, year five	299,005	324,120
Financing receivable, prior to year five	904,702	704,248
Revolving	571,105	514,380
Revolving-term	8,934	11,466
Total	6,759,737	5,542,849
Recurring
Financing Receivable, before Allowance for Credit Loss [Abstract]
Single family LHFI	6,508	7,287
Level 3 | Recurring
Financing Receivable, before Allowance for Credit Loss [Abstract]
Single family LHFI	6,508	7,287
30-59 days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	3,292	1,208
60-89 days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	1,709	894
90+ days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	7,010	6,717
Commercial loans
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	1,449,048	1,805,033
Financing receivable, year two	1,737,223	819,724
Financing receivable, year three	752,187	621,614
Financing receivable, year four	519,320	276,648
Financing receivable, year five	249,856	227,302
Financing receivable, prior to year five	644,225	496,716
Revolving	264,357	223,272
Revolving-term	4,477	6,131
Total	5,620,693	4,476,440
Commercial loans | Non-owner occupied CRE
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	60,429	68,647
Financing receivable, year two	68,503	50,571
Financing receivable, year three	49,985	169,711
Financing receivable, year four	142,238	130,877
Financing receivable, year five	121,467	100,674
Financing receivable, prior to year five	264,425	183,024
Revolving	3,187	963
Revolving-term	843	892
Total	711,077	705,359
Commercial loans | Non-owner occupied CRE | Pass
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	60,429	68,647
Financing receivable, year two	68,503	50,571
Financing receivable, year three	49,985	169,711
Financing receivable, year four	142,238	130,877
Financing receivable, year five	121,467	100,674
Financing receivable, prior to year five	264,425	183,024
Revolving	3,187	963
Revolving-term	843	892
Total	711,077	705,359
Commercial loans | Non-owner occupied CRE | Special Mention
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	0	0
Financing receivable, year three	0	0
Financing receivable, year four	0	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	0	0
Revolving	0	0
Revolving-term	0	0
Total	0	0
Commercial loans | Non-owner occupied CRE | Substandard
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	0	0
Financing receivable, year three	0	0
Financing receivable, year four	0	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	0	0
Revolving	0	0
Revolving-term	0	0
Total	0	0
Commercial loans | Multifamily
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	1,183,994	1,315,204
Financing receivable, year two	1,294,761	561,666
Financing receivable, year three	532,434	286,826
Financing receivable, year four	243,089	60,372
Financing receivable, year five	59,858	26,065
Financing receivable, prior to year five	161,060	165,225
Revolving	501	1
Revolving-term	0	0
Total	3,475,697	2,415,359
Commercial loans | Multifamily | Pass
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	1,183,994	1,315,204
Financing receivable, year two	1,294,761	561,666
Financing receivable, year three	523,758	286,826
Financing receivable, year four	223,254	60,372
Financing receivable, year five	59,858	26,065
Financing receivable, prior to year five	161,060	165,225
Revolving	501	1
Revolving-term	0	0
Total	3,447,186	2,415,359
Commercial loans | Multifamily | Special Mention
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	0	0
Financing receivable, year three	8,676	0
Financing receivable, year four	19,835	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	0	0
Revolving	0	0
Revolving-term	0	0
Total	28,511	0
Commercial loans | Multifamily | Substandard
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	0	0
Financing receivable, year three	0	0
Financing receivable, year four	0	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	0	0
Revolving	0	0
Revolving-term	0	0
Total	0	0
Commercial loans | Multifamily construction
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	(179)	7,825
Financing receivable, year two	17,954	22,863
Financing receivable, year three	25,601	7,173
Financing receivable, year four	0	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	0	0
Revolving	0	0
Revolving-term	0	0
Total	43,376	37,861
Commercial loans | Multifamily construction | Pass
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	(179)	7,825
Financing receivable, year two	17,954	22,863
Financing receivable, year three	25,601	7,173
Financing receivable, year four	0	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	0	0
Revolving	0	0
Revolving-term	0	0
Total	43,376	37,861
Commercial loans | Multifamily construction | Special Mention
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	0	0
Financing receivable, year three	0	0
Financing receivable, year four	0	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	0	0
Revolving	0	0
Revolving-term	0	0
Total	0	0
Commercial loans | Multifamily construction | Substandard
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	0	0
Financing receivable, year three	0	0
Financing receivable, year four	0	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	0	0
Revolving	0	0
Revolving-term	0	0
Total	0	0
Commercial loans | CRE construction
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	7,694
Financing receivable, year two	14,146	3,960
Financing receivable, year three	3,957	0
Financing receivable, year four	0	1,962
Financing receivable, year five	1,887	0
Financing receivable, prior to year five	534	556
Revolving	0	0
Revolving-term	0	0
Total	20,524	14,172
Commercial loans | CRE construction | Pass
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	7,694
Financing receivable, year two	14,146	3,960
Financing receivable, year three	3,957	0
Financing receivable, year four	0	1,962
Financing receivable, year five	1,887	0
Financing receivable, prior to year five	534	556
Revolving	0	0
Revolving-term	0	0
Total	20,524	14,172
Commercial loans | CRE construction | Special Mention
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	0	0
Financing receivable, year three	0	0
Financing receivable, year four	0	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	0	0
Revolving	0	0
Revolving-term	0	0
Total	0	0
Commercial loans | CRE construction | Substandard
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	0	0
Financing receivable, year three	0	0
Financing receivable, year four	0	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	0	0
Revolving	0	0
Revolving-term	0	0
Total	0	0
Commercial loans | Single family construction
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	89,586	146,595
Financing receivable, year two	108,460	35,640
Financing receivable, year three	22,717	14,509
Financing receivable, year four	12,438	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	76	77
Revolving	113,846	99,206
Revolving-term	0	0
Total	347,123	296,027
Commercial loans | Single family construction | Pass
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	89,586	146,595
Financing receivable, year two	108,460	35,640
Financing receivable, year three	22,717	14,509
Financing receivable, year four	12,438	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	76	77
Revolving	113,846	99,206
Revolving-term	0	0
Total	347,123	296,027
Commercial loans | Single family construction | Special Mention
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	0	0
Financing receivable, year three	0	0
Financing receivable, year four	0	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	0	0
Revolving	0	0
Revolving-term	0	0
Total	0	0
Commercial loans | Single family construction | Substandard
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	0	0
Financing receivable, year three	0	0
Financing receivable, year four	0	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	0	0
Revolving	0	0
Revolving-term	0	0
Total	0	0
Commercial loans | Single family construction to permanent
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	21,192	90,311
Financing receivable, year two	107,448	42,636
Financing receivable, year three	19,654	13,362
Financing receivable, year four	9,856	1,775
Financing receivable, year five	723	0
Financing receivable, prior to year five	0	0
Revolving	0	0
Revolving-term	0	0
Total	158,873	148,084
Commercial loans | Single family construction to permanent | Current
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	21,192	90,311
Financing receivable, year two	107,448	42,636
Financing receivable, year three	19,654	13,362
Financing receivable, year four	9,856	1,775
Financing receivable, year five	723	0
Financing receivable, prior to year five	0	0
Revolving	0	0
Revolving-term	0	0
Total	158,873	148,084
Commercial loans | Single family construction to permanent | 30-59 days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	0	0
Financing receivable, year three	0	0
Financing receivable, year four	0	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	0	0
Revolving	0	0
Revolving-term	0	0
Total	0	0
Commercial loans | Single family construction to permanent | 60-89 days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	0	0
Financing receivable, year three	0	0
Financing receivable, year four	0	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	0	0
Revolving	0	0
Revolving-term	0	0
Total	0	0
Commercial loans | Single family construction to permanent | 90+ days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	0	0
Financing receivable, year three	0	0
Financing receivable, year four	0	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	0	0
Revolving	0	0
Revolving-term	0	0
Total	0	0
Commercial loans | Owner occupied CRE
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	41,637	70,902
Financing receivable, year two	70,204	47,536
Financing receivable, year three	46,819	76,088
Financing receivable, year four	74,726	51,023
Financing receivable, year five	45,988	83,212
Financing receivable, prior to year five	189,312	125,248
Revolving	149	798
Revolving-term	1,424	2,899
Total	470,259	457,706
Commercial loans | Owner occupied CRE | Pass
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	41,637	70,902
Financing receivable, year two	70,204	47,536
Financing receivable, year three	46,819	57,423
Financing receivable, year four	74,726	47,716
Financing receivable, year five	42,438	67,042
Financing receivable, prior to year five	175,013	106,659
Revolving	149	798
Revolving-term	1,368	2,839
Total	452,354	400,915
Commercial loans | Owner occupied CRE | Special Mention
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	0	0
Financing receivable, year three	0	0
Financing receivable, year four	0	2,196
Financing receivable, year five	2,439	6,019
Financing receivable, prior to year five	11,916	145
Revolving	0	0
Revolving-term	0	60
Total	14,355	8,420
Commercial loans | Owner occupied CRE | Substandard
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	0	0
Financing receivable, year three	0	18,665
Financing receivable, year four	0	1,111
Financing receivable, year five	1,111	10,151
Financing receivable, prior to year five	2,383	18,444
Revolving	0	0
Revolving-term	56	0
Total	3,550	48,371
Commercial loans | Commercial business
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	52,389	97,855
Financing receivable, year two	55,747	54,852
Financing receivable, year three	51,020	53,945
Financing receivable, year four	36,973	30,639
Financing receivable, year five	19,933	17,351
Financing receivable, prior to year five	28,818	22,586
Revolving	146,674	122,304
Revolving-term	2,210	2,340
Total	393,764	401,872
Commercial loans | Commercial business | Pass
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	52,389	88,139
Financing receivable, year two	48,098	51,453
Financing receivable, year three	48,079	44,882
Financing receivable, year four	34,689	24,711
Financing receivable, year five	17,952	11,859
Financing receivable, prior to year five	23,204	21,258
Revolving	141,298	112,759
Revolving-term	1,999	2,104
Total	367,708	357,165
Commercial loans | Commercial business | Special Mention
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	201	0
Financing receivable, year three	26	7,396
Financing receivable, year four	0	0
Financing receivable, year five	194	4,396
Financing receivable, prior to year five	3,523	0
Revolving	756	5,613
Revolving-term	201	134
Total	4,901	17,539
Commercial loans | Commercial business | Substandard
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	9,716
Financing receivable, year two	7,448	3,399
Financing receivable, year three	2,915	1,667
Financing receivable, year four	2,284	5,928
Financing receivable, year five	1,787	1,096
Financing receivable, prior to year five	2,091	1,328
Revolving	4,620	3,932
Revolving-term	10	102
Total	21,155	27,168
Consumer loans
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	124,868	178,118
Financing receivable, year two	195,515	156,837
Financing receivable, year three	149,416	63,614
Financing receivable, year four	48,414	67,047
Financing receivable, year five	49,149	96,818
Financing receivable, prior to year five	260,477	207,532
Revolving	306,748	291,108
Revolving-term	4,457	5,335
Total	1,139,044	1,066,409
Consumer loans | Single family
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	123,677	176,110
Financing receivable, year two	194,198	156,360
Financing receivable, year three	149,161	63,221
Financing receivable, year four	48,176	66,515
Financing receivable, year five	48,974	96,302
Financing receivable, prior to year five	258,203	204,823
Revolving	0	0
Revolving-term	0	0
Total	822,389	763,331
Consumer loans | Single family | Current
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	123,677	176,110
Financing receivable, year two	194,198	156,360
Financing receivable, year three	149,161	62,369
Financing receivable, year four	47,744	66,063
Financing receivable, year five	48,522	95,988
Financing receivable, prior to year five	256,738	204,229
Revolving	0	0
Revolving-term	0	0
Total	820,040	761,119
Consumer loans | Single family | 30-59 days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	0	0
Financing receivable, year three	0	291
Financing receivable, year four	0	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	462	0
Revolving	0	0
Revolving-term	0	0
Total	462	291
Consumer loans | Single family | 60-89 days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	0	0
Financing receivable, year three	0	0
Financing receivable, year four	0	0
Financing receivable, year five	0	314
Financing receivable, prior to year five	173	471
Revolving	0	0
Revolving-term	0	0
Total	173	785
Consumer loans | Single family | 90+ days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	0	0
Financing receivable, year three	0	561
Financing receivable, year four	432	452
Financing receivable, year five	452	0
Financing receivable, prior to year five	830	123
Revolving	0	0
Revolving-term	0	0
Total	1,714	1,136
Consumer loans | Home equity and other
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	1,191	2,008
Financing receivable, year two	1,317	477
Financing receivable, year three	255	393
Financing receivable, year four	238	532
Financing receivable, year five	175	516
Financing receivable, prior to year five	2,274	2,709
Revolving	306,748	291,108
Revolving-term	4,457	5,335
Total	316,655	303,078
Consumer loans | Home equity and other | Current
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	1,188	2,005
Financing receivable, year two	1,307	474
Financing receivable, year three	242	393
Financing receivable, year four	238	532
Financing receivable, year five	175	516
Financing receivable, prior to year five	2,085	2,609
Revolving	306,225	290,512
Revolving-term	4,457	5,273
Total	315,917	302,314
Consumer loans | Home equity and other | 30-59 days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	3	0
Financing receivable, year two	3	3
Financing receivable, year three	13	0
Financing receivable, year four	0	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	0	94
Revolving	191	40
Revolving-term	0	0
Total	210	137
Consumer loans | Home equity and other | 60-89 days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	3	0
Financing receivable, year three	0	0
Financing receivable, year four	0	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	94	0
Revolving	99	12
Revolving-term	0	62
Total	196	74
Consumer loans | Home equity and other | 90+ days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	3
Financing receivable, year two	4	0
Financing receivable, year three	0	0
Financing receivable, year four	0	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	95	6
Revolving	233	544
Revolving-term	0	0
Total	$ 332	$ 553

LOANS AND CREDIT QUALITY - Coll

LOANS AND CREDIT QUALITY - Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 6,759,737	$ 5,542,849
Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	5,620,693	4,476,440
Commercial loans | Commercial and Industrial Sector
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	864,023	859,578
Commercial loans | Owner occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	470,259	457,706
Commercial loans | Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	393,764	401,872
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	1,139,044	1,066,409
Consumer loans | Single family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	822,389	763,331
Consumer loans | Home equity and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	316,655	303,078
Total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	3,449	6,421
Total | Commercial loans | Commercial and Industrial Sector
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		4,804
Total | Commercial loans | Owner occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	2,521	3,567
Total | Commercial loans | Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	928	1,237
Total | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		1,617
Total | Consumer loans | Single family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		1,598
Total | Consumer loans | Home equity and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		19
Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	1,473	1,473
Land | Commercial loans | Commercial and Industrial Sector
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		1,473
Land | Commercial loans | Owner occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	1,111	1,111
Land | Commercial loans | Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	362	362
Land | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		0
Land | Consumer loans | Single family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		0
Land | Consumer loans | Home equity and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		0
1-4 Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	0	1,644
1-4 Family | Commercial loans | Commercial and Industrial Sector
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		27
1-4 Family | Commercial loans | Owner occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	0	0
1-4 Family | Commercial loans | Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	0	27
1-4 Family | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		1,617
1-4 Family | Consumer loans | Single family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		1,598
1-4 Family | Consumer loans | Home equity and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		19
Non-residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	1,972	3,018
Non-residential real estate | Commercial loans | Commercial and Industrial Sector
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		3,018
Non-residential real estate | Commercial loans | Owner occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	1,410	2,456
Non-residential real estate | Commercial loans | Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	562	562
Non-residential real estate | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		0
Non-residential real estate | Consumer loans | Single family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		0
Non-residential real estate | Consumer loans | Home equity and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		0
Other non-real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	4	286
Other non-real estate | Commercial loans | Commercial and Industrial Sector
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		286
Other non-real estate | Commercial loans | Owner occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	0	0
Other non-real estate | Commercial loans | Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 4	286
Other non-real estate | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		0
Other non-real estate | Consumer loans | Single family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		0
Other non-real estate | Consumer loans | Home equity and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		$ 0

LOANS AND CREDIT QUALITY - Lo_3

LOANS AND CREDIT QUALITY - Loans on Nonaccrual with no related allowance (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	$ 3,948	$ 6,125
Financing Receivable, Excluding Accrued Interest, Nonaccrual	9,082	12,201
Commercial loans
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	3,449	4,778
Financing Receivable, Excluding Accrued Interest, Nonaccrual	3,926	8,591
Commercial loans | Owner occupied CRE
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	2,521	3,568
Financing Receivable, Excluding Accrued Interest, Nonaccrual	2,521	3,568
Commercial loans | Commercial business
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	928	1,210
Financing Receivable, Excluding Accrued Interest, Nonaccrual	1,405	5,023
Consumer loans
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	499	1,347
Financing Receivable, Excluding Accrued Interest, Nonaccrual	5,156	3,610
Consumer loans | Single family
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	495	1,324
Financing Receivable, Excluding Accrued Interest, Nonaccrual	4,186	2,802
Consumer loans | Home equity and other
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	4	23
Financing Receivable, Excluding Accrued Interest, Nonaccrual	$ 970	$ 808

LOANS AND CREDIT QUALITY - Agin

LOANS AND CREDIT QUALITY - Aging Analysis (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	$ 6,759,737	$ 5,542,849
Financing Receivable, Excluding Accrued Interest, Nonaccrual	9,082	12,201
Total past due and nonaccrual	$ 21,093	$ 21,020
Nonaccrual, percent of total loans	0.13%	0.22%
Past due and nonaccrual, percent of total loans	0.31%	0.38%
Percent of total loans	100%	100%
Federal Housing Administration, Veteran Affairs, Or Small Business Administration
Financing Receivable, Past Due [Line Items]
Total past due and nonaccrual	$ 10,200	$ 8,400
Recurring
Financing Receivable, Past Due [Line Items]
Single family LHFI	6,508	7,287
Level 3 | Recurring
Financing Receivable, Past Due [Line Items]
Single family LHFI	6,508	7,287
30-59 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	$ 3,292	$ 1,208
Past due, percent of total loans	0.05%	0.02%
60-89 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	$ 1,709	$ 894
Past due, percent of total loans	0.03%	0.02%
90+ days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	$ 7,010	$ 6,717
Past due, percent of total loans	0.10%	0.12%
Current
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	$ 6,738,644	$ 5,521,829
Not past due, percent of total loans	99.69%	99.62%
Commercial loans, adjusted for credit analysis | Real Estate Sector
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	$ 4,756,670	$ 3,616,862
Financing Receivable, Excluding Accrued Interest, Nonaccrual	0	0
Total past due and nonaccrual	0	0
Commercial loans, adjusted for credit analysis | Real Estate Sector | 30-59 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Real Estate Sector | 60-89 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Real Estate Sector | 90+ days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Real Estate Sector | Current
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	4,756,670	3,616,862
Commercial loans, adjusted for credit analysis | Commercial and Industrial Sector
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	864,023	859,578
Financing Receivable, Excluding Accrued Interest, Nonaccrual	3,926	8,591
Total past due and nonaccrual	4,803	8,789
Commercial loans, adjusted for credit analysis | Commercial and Industrial Sector | 30-59 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	870	198
Commercial loans, adjusted for credit analysis | Commercial and Industrial Sector | 60-89 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	7	0
Commercial loans, adjusted for credit analysis | Commercial and Industrial Sector | 90+ days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Commercial and Industrial Sector | Current
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	859,220	850,789
Commercial loans, adjusted for credit analysis | Non-owner occupied CRE
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	711,077	705,359
Financing Receivable, Excluding Accrued Interest, Nonaccrual	0	0
Total past due and nonaccrual	0	0
Commercial loans, adjusted for credit analysis | Non-owner occupied CRE | 30-59 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Non-owner occupied CRE | 60-89 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Non-owner occupied CRE | 90+ days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Non-owner occupied CRE | Current
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	711,077	705,359
Commercial loans, adjusted for credit analysis | Multifamily
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	3,475,697	2,415,359
Financing Receivable, Excluding Accrued Interest, Nonaccrual	0	0
Total past due and nonaccrual	0	0
Commercial loans, adjusted for credit analysis | Multifamily | 30-59 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Multifamily | 60-89 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Multifamily | 90+ days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Multifamily | Current
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	3,475,697	2,415,359
Commercial loans, adjusted for credit analysis | Multifamily construction
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	43,376	37,861
Financing Receivable, Excluding Accrued Interest, Nonaccrual	0	0
Total past due and nonaccrual	0	0
Commercial loans, adjusted for credit analysis | Multifamily construction | 30-59 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Multifamily construction | 60-89 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Multifamily construction | 90+ days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Multifamily construction | Current
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	43,376	37,861
Commercial loans, adjusted for credit analysis | CRE construction
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	20,524	14,172
Financing Receivable, Excluding Accrued Interest, Nonaccrual	0	0
Total past due and nonaccrual	0	0
Commercial loans, adjusted for credit analysis | CRE construction | 30-59 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | CRE construction | 60-89 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | CRE construction | 90+ days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | CRE construction | Current
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	20,524	14,172
Commercial loans, adjusted for credit analysis | Single family construction
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	347,123	296,027
Financing Receivable, Excluding Accrued Interest, Nonaccrual	0	0
Total past due and nonaccrual	0	0
Commercial loans, adjusted for credit analysis | Single family construction | 30-59 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Single family construction | 60-89 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Single family construction | 90+ days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Single family construction | Current
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	347,123	296,027
Commercial loans, adjusted for credit analysis | Single family construction to permanent
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	158,873	148,084
Financing Receivable, Excluding Accrued Interest, Nonaccrual	0	0
Total past due and nonaccrual	0	0
Commercial loans, adjusted for credit analysis | Single family construction to permanent | 30-59 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Single family construction to permanent | 60-89 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Single family construction to permanent | 90+ days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Single family construction to permanent | Current
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	158,873	148,084
Commercial loans, adjusted for credit analysis | Owner occupied CRE
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	470,259	457,706
Financing Receivable, Excluding Accrued Interest, Nonaccrual		3,568
Total past due and nonaccrual	2,521	3,568
Commercial loans, adjusted for credit analysis | Owner occupied CRE | 30-59 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Owner occupied CRE | 60-89 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Owner occupied CRE | 90+ days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Owner occupied CRE | Current
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	467,738	454,138
Commercial loans, adjusted for credit analysis | Commercial business
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	393,764	401,872
Financing Receivable, Excluding Accrued Interest, Nonaccrual		5,023
Total past due and nonaccrual	2,282	5,221
Commercial loans, adjusted for credit analysis | Commercial business | 30-59 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	870	198
Commercial loans, adjusted for credit analysis | Commercial business | 60-89 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	7	0
Commercial loans, adjusted for credit analysis | Commercial business | 90+ days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Commercial loans, adjusted for credit analysis | Commercial business | Current
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	391,482	396,651
Consumer portfolio segment, adjusted for credit analysis
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	1,139,044	1,066,409
Financing Receivable, Excluding Accrued Interest, Nonaccrual	5,156	3,610
Total past due and nonaccrual	16,290	12,231
Consumer portfolio segment, adjusted for credit analysis | 30-59 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	2,422	1,010
Consumer portfolio segment, adjusted for credit analysis | 60-89 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	1,702	894
Consumer portfolio segment, adjusted for credit analysis | 90+ days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	7,010	6,717
Consumer portfolio segment, adjusted for credit analysis | Current
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	1,122,754	1,054,178
Consumer portfolio segment, adjusted for credit analysis | Single family
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	822,389	763,331
Financing Receivable, Excluding Accrued Interest, Nonaccrual	4,186	2,802
Total past due and nonaccrual	15,085	11,231
Consumer portfolio segment, adjusted for credit analysis | Single family | 30-59 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	2,384	892
Consumer portfolio segment, adjusted for credit analysis | Single family | 60-89 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	1,505	820
Consumer portfolio segment, adjusted for credit analysis | Single family | 90+ days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	7,010	6,717
Consumer portfolio segment, adjusted for credit analysis | Single family | Current
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	807,304	752,100
Consumer portfolio segment, adjusted for credit analysis | Home equity and other
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	316,655	303,078
Financing Receivable, Excluding Accrued Interest, Nonaccrual	970	808
Total past due and nonaccrual	1,205	1,000
Consumer portfolio segment, adjusted for credit analysis | Home equity and other | 30-59 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	38	118
Consumer portfolio segment, adjusted for credit analysis | Home equity and other | 60-89 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	197	74
Consumer portfolio segment, adjusted for credit analysis | Home equity and other | 90+ days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	0
Consumer portfolio segment, adjusted for credit analysis | Home equity and other | Current
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	$ 315,450	$ 302,078

LOANS AND CREDIT QUALITY - Lo_4

LOANS AND CREDIT QUALITY - Loan Modifications (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Consumer loans | Single family | Significant Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis at Period End	$ 340	$ 340
% of Total Class of Financing Receivable	0.04%	0.04%
Consumer loans | Single family | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis at Period End	$ 236	$ 272
% of Total Class of Financing Receivable	0.03%	0.03%
Consumer loans | Single family | Interest Rate Reduction and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis at Period End	$ 0	$ 823
% of Total Class of Financing Receivable	0%	0.10%
Consumer loans | Single family | Significant Payment Delay and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis at Period End	$ 4,048	$ 10,084
% of Total Class of Financing Receivable	0.49%	1.23%
Consumer loans | Single family | Interest Rate Reduction, Significant Payment Delay and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis at Period End	$ 2,775	$ 6,898
% of Total Class of Financing Receivable	0.34%	0.84%
Consumer loans | Home equity and other | Significant Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis at Period End	$ 0	$ 70
% of Total Class of Financing Receivable	0%	0.02%
Consumer loans | Home equity and other | Significant Payment Delay and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis at Period End	$ 0	$ 52
% of Total Class of Financing Receivable	0%	0.02%
Commercial loans, adjusted for credit analysis | Commercial business | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis at Period End	$ 1,578	$ 1,578
% of Total Class of Financing Receivable	0.40%	0.40%

LOANS AND CREDIT QUALITY - Lo_5

LOANS AND CREDIT QUALITY - Loan Modifications, Financial Effect (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Consumer loans | Single family | Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted average contractual interest rate, before modification	4.79%	4.35%
Weighted average contractual interest rate, after modification	3.56%	3.36%
Consumer loans | Single family | Significant Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted average percent of loan balances capitalized and added to term of loan	0.51%	0.20%
Consumer loans | Single family | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted average time added to life of loans (in years)	6 years 4 months 24 days	4 years 6 months
Consumer loans | Home equity and other | Significant Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted average percent of loan balances capitalized and added to term of loan		3.41%
Consumer loans | Home equity and other | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted average time added to life of loans (in years)		16 years 1 month 6 days
Commercial loans, adjusted for credit analysis | Commercial business | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted average time added to life of loans (in years)	9 months 18 days	9 months 18 days

LOANS AND CREDIT QUALITY - Lo_6

LOANS AND CREDIT QUALITY - Loan Modifications with Subsequent Default, by Payment Status (Details) - Consumer Loan $ in Thousands	Jun. 30, 2022 USD ($)
Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan modification type, payment status	$ 11,140
30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan modification type, payment status	0
90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan modification type, payment status	0
Single family | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan modification type, payment status	11,018
Single family | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan modification type, payment status	0
Single family | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan modification type, payment status	0
Home equity and other | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan modification type, payment status	122
Home equity and other | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan modification type, payment status	0
Home equity and other | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan modification type, payment status	$ 0

DEPOSITS - Schedule of Deposit

DEPOSITS - Schedule of Deposit Balances (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Deposit balances, including stated rates
Noninterest-bearing demand deposits	$ 1,640,651	$ 1,617,069
Interest-bearing demand deposits	590,889	513,810
Savings	302,359	302,389
Money market	2,679,865	2,806,313
Certificates of deposit	969,535	906,928
Deposits, Total	$ 6,183,299	$ 6,146,509
Weighted Average Rate, Interest-bearing demand deposits	0.10%	0.10%
Weighted Average Rate, Savings	0.06%	0.06%
Weighted Average Rate, Money market	0.35%	0.15%
Weighted Average Rate, Certificates of deposit	0.48%	0.51%
Weighted Average Rate, Domestic Deposit, Total	0.24%	0.15%

DEPOSITS - Schedule of Deposi_2

DEPOSITS - Schedule of Deposit Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Certificates of deposit outstanding
Within one year	$ 856,617
One to two years	94,266
Two to three years	13,974
Three to four years	2,964
Four to five years	1,708
Thereafter	6
Total	$ 969,535	$ 906,928

DEPOSITS - Narrative (Details)

DEPOSITS - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]
Time deposits, at or above FDIC insurance limit	$ 91	$ 108
Brokered deposits	$ 270	$ 145

LONG-TERM DEBT - Narrative (Det

LONG-TERM DEBT - Narrative (Details) - USD ($) $ in Thousands	Jan. 19, 2022	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Outstanding balance, subordinated notes		$ 224,227	$ 126,026
Subordinated Debt
Debt Instrument [Line Items]
Outstanding balance, subordinated notes		62,000
3.5% Subordinated Notes Due 2032 | Subordinated Debt
Debt Instrument [Line Items]
Stated interest rate (percent)	0.035%
Basis spread on variable rate	2.15%
Outstanding balance, subordinated notes		$ 98,000
Senior Notes 6.50% Due 2026 | Senior Notes
Debt Instrument [Line Items]
Stated interest rate (percent)		6.50%	6.50%
Outstanding balance, subordinated notes		$ 64,000	$ 64,000
Home Street Statutory Trust Subordinated Debt Securities | Subordinated Debt
Debt Instrument [Line Items]
Outstanding balance, subordinated notes			$ 62,000

LONG-TERM DEBT - Schedule of Su

LONG-TERM DEBT - Schedule of Subordinated Debt Securities (Details) - Subordinated Debt $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
HomeStreet Statutory Trust Subordinated Debt Securities I
Debt Instrument [Line Items]
Amount	$ 5,155
Call options, term exercisable without penalty	5 years
HomeStreet Statutory Trust Subordinated Debt Securities I | Three Month LIBOR
Debt Instrument [Line Items]
Interest rate	1.70%
HomeStreet Statutory Trust Subordinated Debt Securities II
Debt Instrument [Line Items]
Amount	$ 20,619
Call options, term exercisable without penalty	5 years
HomeStreet Statutory Trust Subordinated Debt Securities II | Three Month LIBOR
Debt Instrument [Line Items]
Interest rate	1.50%
HomeStreet Statutory Trust Subordinated Debt Securities III
Debt Instrument [Line Items]
Amount	$ 20,619
Call options, term exercisable without penalty	5 years
HomeStreet Statutory Trust Subordinated Debt Securities III | Three Month LIBOR
Debt Instrument [Line Items]
Interest rate	1.37%
HomeStreet Statutory Trust Subordinated Debt Securities IV.
Debt Instrument [Line Items]
Amount	$ 15,464
Call options, term exercisable without penalty	5 years
HomeStreet Statutory Trust Subordinated Debt Securities IV. | Three Month LIBOR
Debt Instrument [Line Items]
Interest rate	1.68%

DERIVATIVES AND HEDGING ACTIV_3

DERIVATIVES AND HEDGING ACTIVITIES - Fair Value of Derivatives (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Notional amount	$ 604,849	$ 1,335,485
Derivative Asset [Abstract]
Total derivatives before netting, Fair value derivatives, Asset	11,205	7,925
Netting adjustments/cash collateral, Fair value derivative, Asset	(10,035)	1,355
Carrying value on consolidated balance sheet, Fair value derivatives, Asset	1,170	9,280
Derivative Liability [Abstract]
Total derivatives before netting, Fair value derivatives, Liability	(10,671)	(5,184)
Netting adjustments/cash collateral, Fair value derivative, Liability	(93)	3,921
Carrying value on consolidated balance sheet, Fair value derivatives, Liability	(10,764)	(1,263)
Concentration of credit risk, master netting arrangements
Derivative Liability [Abstract]
Right to reclaim cash in excess of fair value of derivative liability	10,100	(5,300)
Forward sale commitments
Derivatives, Fair Value [Line Items]
Notional amount	224,930	793,208
Derivative Asset [Abstract]
Total derivatives before netting, Fair value derivatives, Asset	1,058	723
Derivative Liability [Abstract]
Total derivatives before netting, Fair value derivatives, Liability	(902)	(640)
Interest rate lock commitments
Derivatives, Fair Value [Line Items]
Notional amount	56,757	115,025
Derivative Asset [Abstract]
Total derivatives before netting, Fair value derivatives, Asset	737	2,487
Derivative Liability [Abstract]
Total derivatives before netting, Fair value derivatives, Liability	(415)	(3)
Interest rate swaps
Derivatives, Fair Value [Line Items]
Notional amount	260,362	287,352
Derivative Asset [Abstract]
Total derivatives before netting, Fair value derivatives, Asset	9,211	4,381
Derivative Liability [Abstract]
Total derivatives before netting, Fair value derivatives, Liability	(9,211)	(4,541)
Futures
Derivatives, Fair Value [Line Items]
Notional amount	36,800	139,900
Derivative Asset [Abstract]
Total derivatives before netting, Fair value derivatives, Asset	0	334
Derivative Liability [Abstract]
Total derivatives before netting, Fair value derivatives, Liability	(143)	$ 0
Options
Derivatives, Fair Value [Line Items]
Notional amount	26,000
Derivative Asset [Abstract]
Total derivatives before netting, Fair value derivatives, Asset	199
Derivative Liability [Abstract]
Total derivatives before netting, Fair value derivatives, Liability	$ 0

DERIVATIVES AND HEDGING ACTIV_4

DERIVATIVES AND HEDGING ACTIVITIES - Master Netting Agreements (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Derivative Asset [Abstract]
Derivative assets, Gross fair value	$ 11,205	$ 7,925
Derivative assets, Netting adjustments/Cash collateral	(10,035)	1,355
Derivative assets, Carrying value	1,170	9,280
Derivative Liability [Abstract]
Derivative liabilities, Gross fair value	(10,671)	(5,184)
Derivative liabilities, Netting adjustments/Cash collateral	(93)	3,921
Derivative liabilities, Carrying Value	(10,764)	(1,263)
Concentration of credit risk, master netting arrangements
Derivative Liability [Abstract]
Right to reclaim cash in excess of fair value of derivative liability	$ 10,100	$ (5,300)

DERIVATIVES AND HEDGING ACTIV_5

DERIVATIVES AND HEDGING ACTIVITIES - Narrative (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Liability for cash collateral received from counterparties	$ 10,200,000	$ 0
Receivable for cash collateral paid to counterparties	100,000	5,300,000
Notional amount of open interest rate swap agreements	604,849,000	1,335,485,000
Interest rate swaps, back-to-back
Derivative [Line Items]
Notional amount of open interest rate swap agreements	$ 260,000,000	$ 287,000,000

DERIVATIVES AND HEDGING ACTIV_6

DERIVATIVES AND HEDGING ACTIVITIES - Gain (Loss) Recognized in Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Loans
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) from economic hedging	$ 2,650	$ (7,267)	$ 7,263	$ (3,409)
Servicing contracts
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) from economic hedging	(2,190)	5,024	(11,629)	(7,567)
Other Credit Derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) from economic hedging	$ 1	$ (35)	$ 160	$ 264

MORTGAGE BANKING OPERATIONS - L

MORTGAGE BANKING OPERATIONS - Loans Held for Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 47,314	$ 176,131
Single family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	35,853	128,041
CRE, multifamily and SBA | Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 11,461	$ 48,090

MORTGAGE BANKING OPERATIONS -_2

MORTGAGE BANKING OPERATIONS - Loans Sold (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of loans originated as held for sale	$ 237,915	$ 765,703	$ 610,122	$ 1,596,460
Single family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of loans originated as held for sale	187,623	627,282	510,693	1,200,322
CRE, multifamily and SBA | Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of loans originated as held for sale	$ 50,292	$ 138,421	$ 99,429	$ 396,138

MORTGAGE BANKING OPERATIONS - G

MORTGAGE BANKING OPERATIONS - Gain on Sale (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Gain on mortgage loan origination and sale activities [Line Items]
Gain on loan origination and sale activities	$ 5,292	$ 21,271	$ 13,566	$ 54,730
Single family
Gain on mortgage loan origination and sale activities [Line Items]
Gain on loan origination and sale activities	3,949	15,836	10,118	42,023
CRE, multifamily and SBA | Commercial loans
Gain on mortgage loan origination and sale activities [Line Items]
Gain on loan origination and sale activities	$ 1,343	$ 5,435	$ 3,448	$ 12,707

MORTGAGE BANKING OPERATIONS -_3

MORTGAGE BANKING OPERATIONS - Loans Serviced for Others (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans serviced for others	$ 7,534,026	$ 7,570,267
Single family | Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans serviced for others	5,535,691	5,539,180
CRE, multifamily and SBA | Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans serviced for others	$ 1,998,335	$ 2,031,087

MORTGAGE BANKING OPERATIONS - M

MORTGAGE BANKING OPERATIONS - Mortgage Repurchase Liability (Details) - Representations and warranties reserve for loan receivables - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Mortgage Repurchase Losses [Roll Forward]
Balance, beginning of period	$ 1,638	$ 1,941	$ 1,312	$ 2,122
Additions, net of adjustments	133	(26)	491	(46)
Realized (losses) recoveries, net	(280)	(303)	(312)	(464)
Balance, end of period	$ 1,491	$ 1,612	$ 1,491	$ 1,612

MORTGAGE BANKING OPERATIONS - N

MORTGAGE BANKING OPERATIONS - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Impaired [Line Items]
Servicing advances	$ 2	$ 1.9
GNMA Early buyout loans
Financing Receivable, Impaired [Line Items]
Loans receivable, in Ginnie Mae pool	$ 6.1	$ 12.3

MORTGAGE BANKING OPERATIONS - R

MORTGAGE BANKING OPERATIONS - Revenue from Mortgage Servicing (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Servicing income, net:
Servicing fees and other	$ 9,507	$ 9,245	$ 17,828	$ 18,158
Amortization of single family MSRs	(2,515)	(5,181)	(5,940)	(10,874)
Amortization of multifamily and SBA MSRs	(2,337)	(2,133)	(4,049)	(3,477)
Net servicing income	4,655	1,931	7,839	3,807
Risk management, single family MSRs:
Changes in fair value of MSRs due to assumptions	4,323	(5,024)	14,626	6,439
Mortgage servicing rights, risk management	(994)	0	(874)	(1,128)
Loan servicing income	3,661	1,931	6,965	2,679
Servicing contracts
Risk management, single family MSRs:
Net gain (loss) from economic hedging	$ (5,317)	$ 5,024	$ (15,500)	$ (7,567)

MORTGAGE BANKING OPERATIONS - S

MORTGAGE BANKING OPERATIONS - Single Family MSR Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Additions and amortization:
Amortization	$ 2,515	$ 5,181	$ 5,940	$ 10,874
Changes in fair value of MSR assumptions	4,323	(5,024)	14,626	6,439
Ending balance	76,481		76,481
Single family
Servicing Asset at Fair Value, Amount [Roll Forward]
Beginning balance	72,378	62,352	61,584	49,966
Additions and amortization:
Originations	2,295	7,725	6,211	14,341
Amortization	(2,515)	(5,181)	(5,940)	(10,874)
Net additions and amortization	(220)	2,544	271	3,467
Changes in fair value of MSR assumptions	4,323	(5,024)	14,626	6,439
Ending balance	$ 76,481	$ 59,872	$ 76,481	$ 59,872

MORTGAGE BANKING OPERATIONS - K

MORTGAGE BANKING OPERATIONS - Key Economic Assumptions (Details) - Single family	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Constant prepayment rate
Fair Value Measurement Inputs and Valuation Techniques
Servicing asset, measurement input	11.42%	8.33%	10.14%	8.35%
Discount rate
Fair Value Measurement Inputs and Valuation Techniques
Servicing asset, measurement input	9.83%	8.48%	8.90%	8.43%

MORTGAGE BANKING OPERATIONS -_4

MORTGAGE BANKING OPERATIONS - Sensitivity Analysis (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)	Dec. 31, 2021
Key economic assumptions and the sensitivity of the current fair value for single family MSRs
Fair value of single family MSR	$ 76,481
Expected weighted-average life (in years)	7 years 7 months 20 days
Constant Prepayment Rate [Abstract]
Impact on fair value of 25 basis points adverse change in interest rates	$ (1,003)
Impact on fair value of 50 basis points adverse change in interest rates	(2,338)
Discount Rate [Abstract]
Impact on fair value of 100 basis points increase	(3,430)
Impact on fair value of 200 basis points increase	$ (6,597)
Minimum | CPRs
Key economic assumptions and the sensitivity of the current fair value for single family MSRs
Measurement input (as a percent)	0.0601	0.0790
Minimum | Discount rate
Key economic assumptions and the sensitivity of the current fair value for single family MSRs
Measurement input (as a percent)	0.0876	0.0694
Maximum | CPRs
Key economic assumptions and the sensitivity of the current fair value for single family MSRs
Measurement input (as a percent)	0.1185	0.1735
Maximum | Discount rate
Key economic assumptions and the sensitivity of the current fair value for single family MSRs
Measurement input (as a percent)	0.1591	0.1396
Weighted average | CPRs
Key economic assumptions and the sensitivity of the current fair value for single family MSRs
Measurement input (as a percent)	0.0855	0.1035
Weighted average | Discount rate
Key economic assumptions and the sensitivity of the current fair value for single family MSRs
Measurement input (as a percent)	0.0965	0.0797

MORTGAGE BANKING OPERATIONS -_5

MORTGAGE BANKING OPERATIONS - Multifamily MSR Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Servicing Asset at Amortized Value, Balance [Roll Forward]
Beginning balance	$ 39,279	$ 39,626	$ 39,415	$ 35,774
Origination	1,188	1,620	2,764	6,816
Amortization	(2,337)	(2,133)	(4,049)	(3,477)
Ending balance	$ 38,130	$ 39,113	$ 38,130	$ 39,113

GUARANTEES AND MORTGAGE REPUR_2

GUARANTEES AND MORTGAGE REPURCHASE LIABILITY (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Representations and warranties reserve for loan receivables
Loss Contingencies [Line Items]
Unfunded commitment balance of loans sold on a servicing-retained basis	$ 5,500,000,000		$ 5,500,000,000			$ 5,500,000,000
Reserve liability related to mortgage repurchase	1,491,000	$ 1,612,000	1,491,000	$ 1,612,000	$ 1,638,000	1,312,000	$ 1,941,000	$ 2,122,000
Loss sharing relationship
Loss Contingencies [Line Items]
Reserve liability related to multifamily DUS program	700,000		700,000			600,000
Loss sharing relationship | Multifamily
Loss Contingencies [Line Items]
UPB of loans sold through DUS	1,800,000,000		1,800,000,000			1,900,000,000
Losses incurred - related to DUS	0	$ 0	0	$ 0
Credit risk
Loss Contingencies [Line Items]
Reserve liability related to mortgage repurchase	$ 1,500,000		$ 1,500,000			$ 1,300,000

EARNINGS PER SHARE - Schedule o

EARNINGS PER SHARE - Schedule of EPS Calculation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Net income	$ 17,721	$ 29,157	$ 37,672	$ 58,820
Weighted average shares:
Basic weighted average number of shares outstanding (in shares)	18,706,953	21,057,473	19,143,925	21,345,969
Dilutive effect of outstanding common stock equivalents (in shares)	127,490	230,501	166,825	277,329
Diluted weighted-average number of shares outstanding (in shares)	18,834,443	21,287,974	19,310,750	21,623,298
Net income per share:
Basic earnings per share (in dollars per share)	$ 0.95	$ 1.38	$ 1.97	$ 2.76
Diluted earnings per share (in dollars per share)	$ 0.94	$ 1.37	$ 1.95	$ 2.72

FAIR VALUE MEASUREMENT - Schedu

FAIR VALUE MEASUREMENT - Schedule of Fair Value Hierarchy Measurement (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets:
Investment securities AFS	$ 1,201,757	$ 1,002,522
Single family mortgage servicing rights	76,481
Derivatives	1,170	9,280
Liabilities:
Derivative liabilities	10,764	1,263
Residential mortgage-backed securities
Assets:
Investment securities AFS	128,931	32,963
Commercial mortgage-backed securities
Assets:
Investment securities AFS	63,573	62,792
Municipal bonds
Assets:
Investment securities AFS	535,353	539,923
Corporate debt securities
Assets:
Investment securities AFS	30,330	19,616
U.S. Treasury securities
Assets:
Investment securities AFS	20,930	23,175
Recurring
Assets:
Single family LHFS	35,853	128,041
Single family LHFI	6,508	7,287
Single family mortgage servicing rights	76,481	61,584
Total assets	1,364,885	1,207,359
Liabilities:
Total liabilities	10,671	5,184
Recurring | Residential mortgage-backed securities
Assets:
Investment securities AFS	128,931	32,963
Recurring | Commercial mortgage-backed securities
Assets:
Investment securities AFS	63,573	62,792
Recurring | Collateralized mortgage obligations residential
Assets:
Investment securities AFS	296,049	187,394
Recurring | Collateralized mortgage obligations commercial
Assets:
Investment securities AFS	126,591	136,659
Recurring | Municipal bonds
Assets:
Investment securities AFS	535,353	539,923
Recurring | Corporate debt securities
Assets:
Investment securities AFS	30,330	19,616
Recurring | U.S. Treasury securities
Assets:
Trading securities - U.S. Treasury securities	33,081
Investment securities AFS	20,930	23,175
Recurring | Futures
Assets:
Derivatives		334
Liabilities:
Derivative liabilities	143
Recurring | Forward sale commitments
Assets:
Derivatives	1,058	723
Liabilities:
Derivative liabilities	902	640
Recurring | Options
Assets:
Derivatives	199
Recurring | Interest rate lock commitments
Assets:
Derivatives	737	2,487
Liabilities:
Derivative liabilities	415	3
Recurring | Interest rate swaps
Assets:
Derivatives	9,211	4,381
Liabilities:
Derivative liabilities	9,211	4,541
Level 1 | Recurring
Assets:
Single family LHFS	0	0
Single family LHFI	0	0
Single family mortgage servicing rights	0	0
Total assets	33,280	334
Liabilities:
Total liabilities	143	0
Level 1 | Recurring | Residential mortgage-backed securities
Assets:
Investment securities AFS	0	0
Level 1 | Recurring | Commercial mortgage-backed securities
Assets:
Investment securities AFS	0	0
Level 1 | Recurring | Collateralized mortgage obligations residential
Assets:
Investment securities AFS	0	0
Level 1 | Recurring | Collateralized mortgage obligations commercial
Assets:
Investment securities AFS	0	0
Level 1 | Recurring | Municipal bonds
Assets:
Investment securities AFS	0	0
Level 1 | Recurring | Corporate debt securities
Assets:
Investment securities AFS	0	0
Level 1 | Recurring | U.S. Treasury securities
Assets:
Trading securities - U.S. Treasury securities	33,081
Investment securities AFS	0	0
Level 1 | Recurring | Futures
Assets:
Derivatives		334
Liabilities:
Derivative liabilities	143
Level 1 | Recurring | Forward sale commitments
Assets:
Derivatives	0	0
Liabilities:
Derivative liabilities	0	0
Level 1 | Recurring | Options
Assets:
Derivatives	199
Level 1 | Recurring | Interest rate lock commitments
Assets:
Derivatives	0	0
Liabilities:
Derivative liabilities	0	0
Level 1 | Recurring | Interest rate swaps
Assets:
Derivatives	0	0
Liabilities:
Derivative liabilities	0	0
Level 2 | Recurring
Assets:
Single family LHFS	35,853	128,041
Single family LHFI	0	0
Single family mortgage servicing rights	0	0
Total assets	1,245,719	1,133,185
Liabilities:
Total liabilities	10,113	5,181
Level 2 | Recurring | Residential mortgage-backed securities
Assets:
Investment securities AFS	126,843	30,556
Level 2 | Recurring | Commercial mortgage-backed securities
Assets:
Investment securities AFS	63,573	62,792
Level 2 | Recurring | Collateralized mortgage obligations residential
Assets:
Investment securities AFS	296,049	187,394
Level 2 | Recurring | Collateralized mortgage obligations commercial
Assets:
Investment securities AFS	126,591	136,659
Level 2 | Recurring | Municipal bonds
Assets:
Investment securities AFS	535,353	539,923
Level 2 | Recurring | Corporate debt securities
Assets:
Investment securities AFS	30,258	19,541
Level 2 | Recurring | U.S. Treasury securities
Assets:
Trading securities - U.S. Treasury securities	0
Investment securities AFS	20,930	23,175
Level 2 | Recurring | Futures
Assets:
Derivatives		0
Liabilities:
Derivative liabilities	0
Level 2 | Recurring | Forward sale commitments
Assets:
Derivatives	1,058	723
Liabilities:
Derivative liabilities	902	640
Level 2 | Recurring | Options
Assets:
Derivatives	0
Level 2 | Recurring | Interest rate lock commitments
Assets:
Derivatives	0	0
Liabilities:
Derivative liabilities	0	0
Level 2 | Recurring | Interest rate swaps
Assets:
Derivatives	9,211	4,381
Liabilities:
Derivative liabilities	9,211	4,541
Level 3 | Recurring
Assets:
Single family LHFS	0	0
Single family LHFI	6,508	7,287
Single family mortgage servicing rights	76,481	61,584
Total assets	85,886	73,840
Liabilities:
Total liabilities	415	3
Level 3 | Recurring | Residential mortgage-backed securities
Assets:
Investment securities AFS	2,088	2,407
Level 3 | Recurring | Commercial mortgage-backed securities
Assets:
Investment securities AFS	0	0
Level 3 | Recurring | Collateralized mortgage obligations residential
Assets:
Investment securities AFS	0	0
Level 3 | Recurring | Collateralized mortgage obligations commercial
Assets:
Investment securities AFS	0	0
Level 3 | Recurring | Municipal bonds
Assets:
Investment securities AFS	0	0
Level 3 | Recurring | Corporate debt securities
Assets:
Investment securities AFS	72	75
Level 3 | Recurring | U.S. Treasury securities
Assets:
Trading securities - U.S. Treasury securities	0
Investment securities AFS	0	0
Level 3 | Recurring | Futures
Assets:
Derivatives		0
Liabilities:
Derivative liabilities	0
Level 3 | Recurring | Forward sale commitments
Assets:
Derivatives	0	0
Liabilities:
Derivative liabilities	0	0
Level 3 | Recurring | Options
Assets:
Derivatives	0
Level 3 | Recurring | Interest rate lock commitments
Assets:
Derivatives	737	2,487
Liabilities:
Derivative liabilities	415	3
Level 3 | Recurring | Interest rate swaps
Assets:
Derivatives	0	0
Liabilities:
Derivative liabilities	$ 0	$ 0

FAIR VALUE MEASUREMENT - Narrat

FAIR VALUE MEASUREMENT - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers between levels of fair value hierarchy	$ 0	$ 0	$ 0	$ 0
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Single family LHFI	6,508,000		6,508,000		$ 7,287,000
Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Single family LHFI	$ 6,508,000		$ 6,508,000		$ 7,287,000

FAIR VALUE MEASUREMENT - Sche_2

FAIR VALUE MEASUREMENT - Schedule of Level 3 Unobservable Inputs (Details) $ in Thousands	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Interest rate lock commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate lock, net, fair value	$ 322	$ 78	$ 2,484	$ 5,893	$ 6,488	$ 17,392
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Single family LHFI	6,508		7,287
Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	2,160		2,482
Single family LHFI	6,508		7,287
Recurring | Level 3 | Interest rate lock commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate lock, net, fair value	$ 322		$ 2,484
Implied spread to benchmark interest rate curve | Minimum | Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, fair value inputs	0.0200		0.0200
Loans held for investment, fair vale inputs	0.0280		0.0239
Implied spread to benchmark interest rate curve | Maximum | Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, fair value inputs	0.0200		0.0200
Loans held for investment, fair vale inputs	0.0504		0.0796
Implied spread to benchmark interest rate curve | Weighted average | Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, fair value inputs	0.0200		0.0200
Loans held for investment, fair vale inputs	0.0340		0.0356
Fall-out factor | Minimum | Recurring | Level 3 | Interest rate lock commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate lock, net, fair value inputs	0.0010		0.0015
Fall-out factor | Maximum | Recurring | Level 3 | Interest rate lock commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate lock, net, fair value inputs	0.2056		0.2193
Fall-out factor | Weighted average | Recurring | Level 3 | Interest rate lock commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate lock, net, fair value inputs	0.0767		0.0844
Value of servicing | Minimum | Recurring | Level 3 | Interest rate lock commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate lock, net, fair value inputs	0.0052		0.0035
Value of servicing | Maximum | Recurring | Level 3 | Interest rate lock commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate lock, net, fair value inputs	0.0125		0.0146
Value of servicing | Weighted average | Recurring | Level 3 | Interest rate lock commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate lock, net, fair value inputs	0.0096		0.0115

FAIR VALUE MEASUREMENT - Sche_3

FAIR VALUE MEASUREMENT - Schedule of Fair Value Changes and Activity for Level 3 (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest rate lock commitments
Fair Value Changes and Activity for Level 3 [Roll Forward]
Beginning balance	$ 78	$ 6,488	$ 2,484	$ 17,392
Payoffs/Sales/Settlements	(1,094)	(7,877)	(1,323)	(15,312)
Change in mark to market/Realized/unrealized gains (losses)	1,338	7,282	(839)	3,813
Ending balance	322	5,893	322	5,893
Investment securities AFS
Fair Value Changes and Activity for Level 3 [Roll Forward]
Beginning balance	2,307	2,490	2,482	2,710
Additions	0	0	0	0
Transfers	0	0	0	0
Payoffs/Sales/Settlements	(49)	(48)	(97)	(96)
Change in mark to market/Realized/unrealized gains (losses)	(98)	108	(225)	(64)
Ending balance	2,160	2,550	2,160	2,550
Single family LHFI
Fair Value Changes and Activity for Level 3 [Roll Forward]
Beginning balance	6,981	4,324	7,287	7,108
Additions	0	785	0	1,145
Transfers	0	0	0	0
Payoffs/Sales/Settlements	0	0	0	(3,191)
Change in mark to market/Realized/unrealized gains (losses)	(473)	98	(779)	145
Ending balance	$ 6,508	$ 5,207	$ 6,508	$ 5,207

FAIR VALUE MEASUREMENT - FV Uno

FAIR VALUE MEASUREMENT - FV Unobservable Inputs - Nonrecurring Basis (Details) - Nonrecurring - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 741	$ 741
Total Gains (Losses)	$ (62)	$ (62)
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value			$ 0

FAIR VALUE MEASUREMENT - FV of

FAIR VALUE MEASUREMENT - FV of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets:
Mortgage servicing rights – multifamily and SBA	$ 76,481
Other assets - GNMA EBO loans	6,722,382	$ 5,495,726
Carrying Value
Assets:
Cash and cash equivalents	75,277	65,214
Investment securities HTM	3,118	4,169
LHFI	6,715,874	5,488,439
Federal Home Loan Bank stock	66,992	10,361
Liabilities:
Certificates of deposit	969,535	906,928
Borrowings	1,458,000	41,000
Long-term debt	224,227	126,026
Fair Value
Assets:
Cash and cash equivalents	75,277	65,214
Investment securities HTM	3,089	4,305
LHFI	6,473,097	5,588,719
Federal Home Loan Bank stock	66,992	10,361
Liabilities:
Certificates of deposit	956,983	906,064
Borrowings	1,457,994	41,000
Long-term debt	209,842	116,845
Multifamily | Carrying Value
Assets:
LHFS – multifamily and other	11,461	48,090
Mortgage servicing rights – multifamily and SBA	38,130	39,415
Multifamily | Fair Value
Assets:
LHFS – multifamily and other	11,552	48,425
Mortgage servicing rights – multifamily and SBA	42,324	43,199
Other assets - GNMA EBO loans | Carrying Value
Assets:
Other assets - GNMA EBO loans	6,102	12,342
Other assets - GNMA EBO loans | Fair Value
Assets:
Other assets - GNMA EBO loans	6,102	12,342
Level 1 | Fair Value
Assets:
Cash and cash equivalents	75,277	65,214
Investment securities HTM	0	0
LHFI	0	0
Federal Home Loan Bank stock	0	0
Liabilities:
Certificates of deposit	0	0
Borrowings		0
Long-term debt	0	0
Level 1 | Multifamily | Fair Value
Assets:
LHFS – multifamily and other	0	0
Mortgage servicing rights – multifamily and SBA	0	0
Level 1 | Other assets - GNMA EBO loans | Fair Value
Assets:
Other assets - GNMA EBO loans	0	0
Level 2 | Fair Value
Assets:
Cash and cash equivalents	0	0
Investment securities HTM	3,089	4,305
LHFI	0	0
Federal Home Loan Bank stock	66,992	10,361
Liabilities:
Certificates of deposit	956,983	906,064
Borrowings	1,457,994	41,000
Long-term debt	209,842	116,845
Level 2 | Multifamily | Fair Value
Assets:
LHFS – multifamily and other	11,552	48,425
Mortgage servicing rights – multifamily and SBA	0	0
Level 2 | Other assets - GNMA EBO loans | Fair Value
Assets:
Other assets - GNMA EBO loans	0	0
Level 3 | Fair Value
Assets:
Cash and cash equivalents	0	0
Investment securities HTM	0	0
LHFI	6,473,097	5,588,719
Federal Home Loan Bank stock	0	0
Liabilities:
Certificates of deposit	0	0
Borrowings		0
Long-term debt	0	0
Level 3 | Multifamily | Fair Value
Assets:
LHFS – multifamily and other	0	0
Mortgage servicing rights – multifamily and SBA	42,324	43,199
Level 3 | Other assets - GNMA EBO loans | Fair Value
Assets:
Other assets - GNMA EBO loans	$ 6,102	$ 12,342

FAIR VALUE MEASUREMENT - Fair V

FAIR VALUE MEASUREMENT - Fair Value Option (Details) - Recurring - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Single family LHFS	$ 35,853	$ 128,041
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Single family LHFS	35,853	128,041
Aggregate Unpaid Principal Balance	35,684	124,933
Fair Value Less Aggregated Unpaid Principal Balance	$ 169	$ 3,108

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details) - Subsequent Event $ / shares in Units, $ in Millions	Jul. 29, 2022 USD ($) branch	Jul. 28, 2022 $ / shares
Subsequent Event [Line Items]
Dividends payable (in dollars per share) | $ / shares		$ 0.35
Disposal Group, Disposed of by Sale, Not Discontinued Operations
Subsequent Event [Line Items]
Number of retail deposit branches sold | branch	5
Gain on sale of retail branches	$ 4
Other assets sold	2
Deposits | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Subsequent Event [Line Items]
Deposits sold	185
Financing Receivable | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Subsequent Event [Line Items]
Loans sold	$ 42