HomeStreet (HMST) 10-Q 10 May 23 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2023	May 05, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
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, 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)		18,774,649
Entity Central Index Key	0001518715
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 377,031	$ 72,828
Investment securities	1,477,004	1,400,212
Loans held for sale ("LHFS")	24,253	17,327
Loans held for investment ("LHFI") (net of allowance for credit losses of $41,500 and $41,500)	7,444,882	7,384,820
Mortgage servicing rights ("MSRs")	109,540	111,873
Premises and equipment, net	55,333	51,172
Other real estate owned ("OREO")	1,839	1,839
Goodwill and other intangible assets	51,862	29,980
Other assets	317,145	294,709
Total assets	9,858,889	9,364,760
Liabilities:
Deposits	7,056,603	7,451,919
Borrowings	1,878,000	1,016,000
Long-term debt	224,492	224,404
Accounts payable and other liabilities	124,800	110,290
Total liabilities	9,283,895	8,802,613
Commitments and contingencies
Shareholders' equity:
Common stock, no par value, authorized 160,000,000 shares; issued and outstanding, 18,767,811 shares and 18,730,380 shares	227,293	226,592
Retained earnings	433,459	435,085
Accumulated other comprehensive income (loss)	(85,758)	(99,530)
Total shareholders' equity	574,994	562,147
Total liabilities and shareholders' equity	$ 9,858,889	$ 9,364,760

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 41,500	$ 41,500
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)	18,767,811	18,730,380
Common stock, shares outstanding (in shares)	18,767,811	18,730,380

Consolidated Income Statements

Consolidated Income Statements - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Interest income:
Loans	$ 82,538	$ 52,954
Investment securities	12,763	5,966
Cash, Fed Funds and other	1,750	108
Total interest income	97,051	59,028
Interest expense:
Deposits	29,370	2,284
Borrowings	18,305	2,198
Total interest expense	47,675	4,482
Net interest income	49,376	54,546
Provision for credit losses	593	(9,000)
Net interest income after provision for credit losses	48,783	63,546
Noninterest income:
Net gain on loan origination and sale activities	2,410	8,274
Loan servicing income	3,039	3,304
Deposit fees	2,658	2,075
Other	2,083	1,905
Total noninterest income	10,190	15,558
Noninterest expense:
Compensation and benefits	29,253	32,031
Information services	7,145	7,062
Occupancy	5,738	6,365
General, administrative and other	10,355	9,015
Total noninterest expense	52,491	54,473
Income before income taxes	6,482	24,631
Income tax expense	1,424	4,680
Net income	$ 5,058	$ 19,951
Net income per share:
Basic (in dollars per share)	$ 0.27	$ 1.02
Diluted (in dollars per share)	$ 0.27	$ 1.01
Weighted average shares outstanding:
Basic (in shares)	18,755,453	19,585,753
Diluted (in shares)	18,771,899	19,791,913

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 5,058	$ 19,951
Other comprehensive income (loss):
Unrealized gain (loss) on investment securities available for sale ("AFS")	17,375	(68,187)
Reclassification for net (gains) losses included in income	(3)	(71)
Other comprehensive income (loss) before tax	17,372	(68,258)
Income tax impact of:
Unrealized gain (loss) on investment securities AFS	3,601	(16,172)
Reclassification for net (gains) losses included in income	(1)	(17)
Total	3,600	(16,189)
Other comprehensive income (loss)	13,772	(52,069)
Total comprehensive income (loss)	$ 18,830	$ (32,118)

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, 2021		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	19,951		19,951
Share-based compensation expense	1,076	$ 1,076
Common stock issued - Option exercise; stock grants (in shares)		104,840
Common stock issued - Stock grants	0
Other comprehensive income (loss)	(52,069)			(52,069)
Dividends declared on common stock	(7,164)		(7,164)
Common stock repurchased (in shares)		(1,489,640)
Common stock repurchased	(75,902)	$ (27,214)	(48,688)
Common stock shares outstanding, ending balance (in shares) at Mar. 31, 2022		18,700,536
Ending balance at Mar. 31, 2022	$ 601,231	$ 223,718	408,442	(30,929)
Common stock shares outstanding, beginning balance (in shares) at Dec. 31, 2022	18,730,380	18,730,380
Beginning balance at Dec. 31, 2022	$ 562,147	$ 226,592	435,085	(99,530)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	5,058		5,058
Share-based compensation expense	1,016	$ 1,016
Common stock issued - Option exercise; stock grants (in shares)		50,426
Common stock issued - Stock grants	0
Other comprehensive income (loss)	13,772			13,772
Dividends declared on common stock	(6,684)		(6,684)
Common stock repurchased (in shares)		(12,995)
Common stock repurchased	$ (315)	$ (315)
Common stock shares outstanding, ending balance (in shares) at Mar. 31, 2023	18,767,811	18,767,811
Ending balance at Mar. 31, 2023	$ 574,994	$ 227,293	$ 433,459	$ (85,758)

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Dividends declared on common stock (USD per share)	$ 0.35	$ 0.35

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 5,058	$ 19,951
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for credit losses	593	(9,000)
Depreciation and amortization, premises and equipment	1,879	2,593
Amortization of premiums and discounts: investment securities, deposits, debt	49	999
Operating leases: excess of payments over amortization	(860)	(1,096)
Amortization of finance leases	126	143
Amortization of core deposit intangibles	588	245
Amortization of deferred loan fees and costs	(189)	(322)
Share-based compensation expense	1,016	1,076
Deferred income tax expense (benefit)	(4,034)	5,363
Origination of LHFS	(78,908)	(252,102)
Proceeds from sale of LHFS	72,566	372,464
Net fair value adjustment and gain on sale of LHFS	(584)	3,348
Origination of MSRs	(756)	(5,492)
Change in fair value of MSRs	1,995	(6,878)
Amortization of servicing rights	1,554	1,712
Net change in trading securities	(43,045)	(19,313)
(Increase) decrease in other assets	2,824	5,972
Increase (decrease) in accounts payable and other liabilities	(11,462)	4,226
Net cash provided by (used in) operating activities	(51,590)	123,889
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of investment securities	(53,232)	(161,016)
Proceeds from sale of investment securities	4,693	962
Principal payments on investment securities	32,445	34,129
Proceeds from sale of OREO	0	952
Net increase in LHFI	(39,408)	(328,288)
Purchase of premises and equipment	(855)	(1,444)
Net cash received from acquisition of branches	349,111	0
Proceeds from sale of Federal Home Loan Bank stock	34,840	16,003
Purchases of Federal Home Loan Bank stock	(58,726)	(25,238)
Net cash provided by (used in) investing activities	268,868	(463,940)
CASH FLOWS FROM FINANCING ACTIVITIES:
(Decrease) increase in deposits, net	(768,262)	100,973
Changes in short-term borrowings, net	562,000	232,000
Proceeds from other long-term borrowings	300,000	0
Proceeds from debt issuance, net	0	98,035
Repayment of finance lease principal	(129)	(145)
Repurchases of common stock	0	(75,000)
Dividends paid on common stock	(6,684)	(7,164)
Net cash provided by financing activities	86,925	348,699
Net increase (decrease) in cash and cash equivalents	304,203	8,648
Cash and cash equivalents, beginning of year	72,828	65,214
Cash and cash equivalents, end of period	377,031	73,862
Cash paid during the period for:
Interest	47,775	2,691
Federal and state income taxes	0	4
Non-cash activities:
Increase in lease assets and lease liabilities	1,031	2,053
Loans transferred from LHFI to LHFS, net	0	6,731
Ginnie Mae loans derecognized with the right to repurchase, net	1,235	2,402
Repurchase of common stock-award shares	315	902
Acquisition:
Loans acquired	20,803	0
Premises and equipment and other assets	5,819	0
Liabilities assumed	373,547	0
Goodwill and other intangibles	$ 22,470	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2023
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 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, 2022 ("2022 Annual Report on Form 10-K"), filed with the U.S. Securities and Exchange Commission ("SEC"). Branch Acquisition On February 10, 2023, the Company completed its acquisition of three branches in southern California, whereby we assumed approximately $373 million in deposits and purchased approximately $21 million in loans. The application of the acquisition method of accounting resulted in recording goodwill of $12 million and a core deposit intangible of $11 million. 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. In December 2022, the FASB issued ASU No. 2022-06, "Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848," which defers the sunset date of Topic 848 from December 31, 2022 to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. The adoption of these ASUs is not expected to have a material impact on the Company’s financial position or results of operations. In March 2022, the FASB issued ASU No. 2022-02, Financial Instruments-Credit Losses (Topic 326). The amendments in this ASU eliminate the accounting guidance for Troubled Debt Restructuring ("TDRs") by creditors, while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower experiences financial difficulty. In addition, the amendments require that an entity disclose current period gross charge-offs by year of origination in a vintage table. We prospectively adopted the portion of ASU No. 2022-02 with respect to amendments about TDRs and related disclosure enhancements as of January 1, 2022. This adoption did not have a material impact on the Company’s financial position or results of operations. We prospectively adopted the vintage table disclosure requirement of ASU 2022-02 on January 1, 2023, which did not have a material impact on the Company's financial position or results of operations.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 (in thousands) Amortized Gross Gross Fair AFS Mortgage backed securities ("MBS"): Residential $ 209,773 $ 62 $ (9,177) $ 200,658 Commercial 62,567 — (8,337) 54,230 Collateralized mortgage obligations ("CMOs"): Residential 587,455 56 (34,277) 553,234 Commercial 76,777 — (6,000) 70,777 Municipal bonds 462,261 294 (48,897) 413,658 Corporate debt securities 45,835 — (4,533) 41,302 U.S. Treasury securities 22,920 — (2,601) 20,319 Agency debentures 58,539 — (180) 58,359 Total $ 1,526,127 $ 412 $ (114,002) $ 1,412,537 HTM Municipal bonds $ 2,423 $ — $ (36) $ 2,387 At December 31, 2022 (in thousands) Amortized Gross Gross Fair AFS MBS: Residential $ 207,445 $ — $ (10,183) $ 197,262 Commercial 65,411 — (9,362) 56,049 CMOs: Residential 592,449 12 (39,422) 553,039 Commercial 77,909 — (7,390) 70,519 Municipal bonds 469,346 41 (57,839) 411,548 Corporate debt securities 46,672 74 (3,801) 42,945 U.S. Treasury securities 23,005 — (3,071) 19,934 Agency debentures 27,499 8 (29) 27,478 Total $ 1,509,736 $ 135 $ (131,097) $ 1,378,774 HTM Municipal bonds $ 2,441 $ — $ (56) $ 2,385 At March 31, 2023, and December 31, 2022, the Company held $62 million and $19 million, respectively, 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. For the quarters ended March 31, 2023 and 2022, net gains of $0.6 million and net losses of $0.7 million on trading securities, respectively, were recorded in servicing income. 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 March 31, 2023 and December 31, 2022, substantially all securities held, including municipal bonds and corporate debt securities, were rated investment grade based upon nationally recognized statistical rating organizations where available and, where not available, based upon internal ratings. 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 March 31, 2023 Less than 12 months 12 months or more Total (in thousands) Gross Fair Gross Fair Gross Fair AFS MBS: Residential $ (6,312) $ 168,313 $ (2,865) $ 22,732 $ (9,177) $ 191,045 Commercial (194) 3,226 (8,143) 50,990 (8,337) 54,216 CMOs: Residential (8,414) 342,128 (25,863) 184,686 (34,277) 526,814 Commercial (146) 9,071 (5,854) 61,707 (6,000) 70,778 Municipal bonds (1,825) 52,931 (47,072) 326,987 (48,897) 379,918 Corporate debt securities (1,550) 27,813 (2,983) 13,489 (4,533) 41,302 U.S. Treasury securities — — (2,601) 20,319 (2,601) 20,319 Agency debentures (180) 58,359 — — (180) 58,359 Total $ (18,621) $ 661,841 $ (95,381) $ 680,910 $ (114,002) $ 1,342,751 HTM Municipal bonds $ (36) $ 2,387 $ — $ — $ (36) $ 2,387 At December 31, 2022 Less than 12 months 12 months or more Total (in thousands) Gross Fair Gross Fair Gross Fair AFS MBS: Residential $ (8,845) $ 191,398 $ (1,338) $ 5,763 $ (10,183) $ 197,161 Commercial (5,729) 41,416 (3,633) 14,619 (9,362) 56,035 CMOs: Residential (27,789) 498,333 (11,633) 45,689 (39,422) 544,022 Commercial (4,787) 56,671 (2,603) 13,848 (7,390) 70,519 Municipal bonds (44,513) 350,918 (13,326) 46,377 (57,839) 397,295 Corporate debt securities (3,801) 32,871 — — (3,801) 32,871 U.S. Treasury securities — — (3,071) 19,934 (3,071) 19,934 Agency debentures (29) 15,970 — — (29) 15,970 Total $ (95,493) $ 1,187,577 $ (35,604) $ 146,230 $ (131,097) $ 1,333,807 HTM Municipal bonds $ (56) $ 2,385 $ — $ — $ (56) $ 2,385 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 March 31, 2023 or December 31, 2022. In addition, as of March 31, 2023 and December 31, 2022, 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 March 31, 2023 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 $ — — % $ 3,763 2.02 % $ 52,312 3.13 % $ 357,583 2.73 % $ 413,658 2.78 % Corporate debt securities 4,500 3.49 % 9,989 5.99 % 26,813 4.12 % — — % 41,302 4.47 % U.S. Treasury securities — — % — — % 20,319 1.14 % — — % 20,319 1.14 % Agency debentures 15,472 4.74 % 42,887 5.12 % — — % — — % 58,359 5.02 % Total $ 19,972 4.45 % $ 56,639 5.05 % $ 99,444 3.00 % $ 357,583 2.73 % $ 533,638 3.07 % HTM Municipal bonds $ — — % $ 2,387 1.84 % $ — — % $ — — % $ 2,387 1.84 % At December 31, 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 $ — — % $ 3,644 1.96 % $ 38,977 3.04 % $ 368,927 2.83 % $ 411,548 2.84 % Corporate debt securities — — % 15,342 5.13 % 27,603 4.25 % — — % 42,945 4.54 % U.S. Treasury securities — — % — — % 19,934 1.11 % — — % 19,934 1.11 % Agency debentures 10,485 4.74 % 16,993 4.94 % — — % — — % 27,478 4.86 % Total $ 10,485 4.74 % $ 35,979 4.69 % $ 86,514 2.97 % $ 368,927 2.83 % $ 501,905 3.01 % HTM Municipal bonds $ — — % $ 2,385 2.04 % $ — — % $ — — % $ 2,385 2.04 % The weighted-average yield is computed using the contractual coupon of each security weighted based on the fair value of each security. 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 March 31, 2023 and December 31, 2022 was 3.15% and 3.08%, respectively. Sales of AFS investment securities were as follows: Quarter Ended March 31, (in thousands) 2023 2022 Proceeds $ 4,693 $ 962 Gross gains 3 71 Gross losses — — 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 March 31, 2023 At December 31, 2022 Federal Reserve Bank to secure borrowings $ 315,244 $ — Washington, Oregon and California to secure public deposits 203,201 212,806 Other securities pledged 1,519 2,011 Total securities pledged as collateral $ 519,964 $ 214,817 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	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 At December 31, 2022 CRE Non-owner occupied CRE $ 652,284 $ 658,085 Multifamily 3,975,654 3,975,754 Construction/land development 607,559 627,663 Total 5,235,497 5,261,502 Commercial and industrial loans Owner occupied CRE 438,147 443,363 Commercial business 392,837 359,747 Total 830,984 803,110 Consumer loans Single family 1,057,579 1,009,001 Home equity and other 362,322 352,707 Total (1) 1,419,901 1,361,708 Total LHFI 7,486,382 7,426,320 Allowance for credit losses ("ACL") (41,500) (41,500) Total LHFI less ACL $ 7,444,882 $ 7,384,820 (1) Includes $5.2 million and $5.9 million at March 31, 2023 and December 31, 2022, 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 $5.7 billion and $5.2 billion at March 31, 2023 and December 31, 2022, respectively, were pledged to secure borrowings from the Federal Home Loan Bank ("FHLB") and loans totaling $562 million and $497 million at March 31, 2023 and December 31, 2022, 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 March 31, 2023, single family and multifamily loans in the state of Washington and California, represented 10% and 36% of the total LHFI portfolio, respectively. At December 31, 2022, multifamily loans in the state of California represented 36% of the total LHFI portfolio. 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 first quarter of 2023, the historical expected loss rates increased from December 31, 2022 due to product mix risk composition changes. During the first quarter of 2023, the qualitative factors decreased due to the continued favorable performance of our loan portfolio. As of March 31, 2023, the Bank expects deterioration in collateral values and economic conditions over the two-year forecast period in the markets in which it operates. 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 $2.2 million at both March 31, 2023 and December 31, 2022. The Bank has elected to exclude accrued interest receivable from the evaluation of the ACL. Accrued interest on LHFI was $27.6 million and $26.9 million at March 31, 2023 and December 31, 2022, 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 March 31, (in thousands) 2023 2022 Beginning balance $ 41,500 $ 47,123 Provision for credit losses 589 (9,223) Net (charge-offs) recoveries (589) 44 Ending balance $ 41,500 $ 37,944 Allowance for unfunded commitments: Beginning balance $ 2,197 $ 2,404 Provision for credit losses 4 223 Ending balance $ 2,201 $ 2,627 Provision for credit losses: Allowance for credit losses - loans $ 589 $ (9,223) Allowance for unfunded commitments 4 223 Total $ 593 $ (9,000) Activity in the ACL for LHFI by loan portfolio and loan sub-class was as follows: Quarter Ended March 31, 2023 (in thousands) Beginning balance Charge-offs Recoveries Provision Ending balance CRE Non-owner occupied CRE $ 2,102 $ — $ — $ 506 $ 2,608 Multifamily 10,974 — — (1,187) 9,787 Construction/land development Multifamily construction 998 — — 347 1,345 CRE construction 196 — — 8 204 Single family construction 12,418 — — 107 12,525 Single family construction to permanent 1,171 — — 40 1,211 Total 27,859 — — (179) 27,680 Commercial and industrial loans Owner occupied CRE 1,030 — — (120) 910 Commercial business 3,247 (633) 24 778 3,416 Total 4,277 (633) 24 658 4,326 Consumer loans Single family 5,610 — 15 179 5,804 Home equity and other 3,754 (50) 55 (69) 3,690 Total 9,364 (50) 70 110 9,494 Total ACL $ 41,500 $ (683) $ 94 $ 589 $ 41,500 Quarter Ended March 31, 2022 (in thousands) Beginning balance Charge-offs Recoveries Provision Ending balance CRE Non-owner occupied CRE $ 7,509 $ — $ — $ (5,215) $ 2,294 Multifamily 5,854 — — 2,573 8,427 Construction/land development Multifamily construction 507 — — (51) 456 CRE construction 150 — — 34 184 Single family construction 6,411 — — 1,324 7,735 Single family construction to permanent 1,055 — — (65) 990 Total 21,486 — — (1,400) 20,086 Commercial and industrial loans Owner occupied CRE 5,006 — — (1,470) 3,536 Commercial business 12,273 (11) 24 (5,376) 6,910 Total 17,279 (11) 24 (6,846) 10,446 Consumer loans Single family 4,394 — 4 (636) 3,762 Home equity and other 3,964 (33) 60 (341) 3,650 Total 8,358 (33) 64 (977) 7,412 Total ACL $ 47,123 $ (44) $ 88 $ (9,223) $ 37,944 The following table presents a vintage analysis of the commercial portfolio segment by loan sub-class and risk rating or delinquency status. At March 31, 2023 (in thousands) 2023 2022 2021 2020 2019 2018 and prior Revolving Revolving-term Total COMMERCIAL PORTFOLIO Non-owner occupied CRE Pass $ 1,542 $ 68,246 $ 68,280 $ 41,870 $ 138,583 $ 302,871 $ 1,122 $ — $ 622,514 Special Mention — — — — — 29,332 — — 29,332 Substandard — — — — 438 — — — 438 Total 1,542 68,246 68,280 41,870 139,021 332,203 1,122 — 652,284 Multifamily Pass 15,923 1,826,992 1,159,589 522,497 238,448 197,486 — — 3,960,935 Special Mention — — — 4,892 2,366 7,461 — — 14,719 Substandard — — — — — — — — — Total 15,923 1,826,992 1,159,589 527,389 240,814 204,947 — — 3,975,654 Multifamily construction Pass (222) 23,795 71,396 14,164 — — — — 109,133 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total (222) 23,795 71,396 14,164 — — — — 109,133 CRE construction Pass — 1,713 14,416 3,958 — — — — 20,087 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total — 1,713 14,416 3,958 — — — — 20,087 Single family construction Pass 22,174 140,812 30,374 10,748 — 74 117,718 — 321,900 Special Mention — — — — — — — — — Substandard — — 5,732 — — — — — 5,732 Total 22,174 140,812 36,106 10,748 — 74 117,718 — 327,632 Single family construction to permanent Current 3,874 84,818 54,059 5,253 2,186 517 — — 150,707 Past due: 30-59 days — — — — — — — — — 60-89 days — — — — — — — — — 90+ days — — — — — — — — — Total 3,874 84,818 54,059 5,253 2,186 517 — — 150,707 Owner occupied CRE Pass 3,908 69,709 51,178 42,620 70,651 176,851 2 1,085 416,004 Special Mention — 1,506 737 — — 12,915 — — 15,158 Substandard — — — — — 6,985 — — 6,985 Total 3,908 71,215 51,915 42,620 70,651 196,751 2 1,085 438,147 Commercial business Pass 15,698 53,476 38,338 45,115 17,838 30,257 152,482 1,743 354,947 Special Mention — 11,612 3,650 — 3,765 3,093 1,935 190 24,245 Substandard — — 996 2,551 3,955 4,589 1,462 92 13,645 Total 15,698 65,088 42,984 47,666 25,558 37,939 155,879 2,025 392,837 Total commercial portfolio $ 62,897 $ 2,282,679 $ 1,498,745 $ 693,668 $ 478,230 $ 772,431 $ 274,721 $ 3,110 $ 6,066,481 The following table presents a vintage analysis of the consumer portfolio segment by loan sub-class and delinquency status: At March 31, 2023 (in thousands) 2023 2022 2021 2020 2019 2018 and prior Revolving Revolving-term Total CONSUMER PORTFOLIO Single family Current $ 7,309 $ 283,042 $ 283,329 $ 156,430 $ 48,645 $ 272,582 $ — $ — $ 1,051,337 Past due: 30-59 days — — — — 545 2,020 — — 2,565 60-89 days — — — — — 539 — — 539 90+ days — — — — 290 2,848 — — 3,138 Total 7,309 283,042 283,329 156,430 49,480 277,989 — — 1,057,579 Home equity and other Current 542 3,693 601 197 114 1,788 346,770 7,379 361,084 Past due: 30-59 days — 10 — — — — 620 58 688 60-89 days — 28 7 — — — 53 8 96 90+ days — 32 — — — 25 387 10 454 Total 542 3,763 608 197 114 1,813 347,830 7,455 362,322 Total consumer portfolio (1) $ 7,851 $ 286,805 $ 283,937 $ 156,627 $ 49,594 $ 279,802 $ 347,830 $ 7,455 $ 1,419,901 Total LHFI $ 70,748 $ 2,569,484 $ 1,782,682 $ 850,295 $ 527,824 $ 1,052,233 $ 622,551 $ 10,565 $ 7,486,382 (1) Includes $5.2 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, 2022 (in thousands) 2022 2021 2020 2019 2018 2017 and prior Revolving Revolving-term Total COMMERCIAL PORTFOLIO Non-owner occupied CRE Pass $ 68,301 $ 68,356 $ 42,181 $ 139,760 $ 87,197 $ 242,544 $ 2,016 $ 786 $ 651,141 Special Mention — — — — 2,702 4,242 — — 6,944 Substandard — — — — — — — — — Total 68,301 68,356 42,181 139,760 89,899 246,786 2,016 786 658,085 Multifamily Pass 1,828,568 1,165,434 528,077 221,974 59,340 140,126 — — 3,943,519 Special Mention — — 4,893 19,834 — 7,508 — — 32,235 Substandard — — — — — — — — — Total 1,828,568 1,165,434 532,970 241,808 59,340 147,634 — — 3,975,754 Multifamily construction Pass 18,110 63,394 13,613 — — — — — 95,117 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total 18,110 63,394 13,613 — — — — — 95,117 CRE construction Pass 341 14,348 3,960 — — 305 — — 18,954 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total 341 14,348 3,960 — — 305 — — 18,954 Single family construction Pass 149,133 50,936 24,807 519 — 74 123,303 — 348,772 Special Mention — — — — — — — — — Substandard — 6,782 — — — — — — 6,782 Total 149,133 57,718 24,807 519 — 74 123,303 — 355,554 Single family construction to permanent Current 66,034 76,814 11,128 3,268 794 — — — 158,038 Past due: 30-59 days — — — — — — — — — 60-89 days — — — — — — — — — 90+ days — — — — — — — — — Total 66,034 76,814 11,128 3,268 794 — — — 158,038 Owner occupied CRE Pass 70,192 51,919 44,778 71,652 36,457 139,691 3 1,104 415,796 Special Mention — 743 — — 6,179 13,485 — — 20,407 Substandard — — — — 2,149 5,011 — — 7,160 Total 70,192 52,662 44,778 71,652 44,785 158,187 3 1,104 443,363 Commercial business Pass 65,566 42,921 45,940 18,594 13,548 18,779 130,427 2,041 337,816 Special Mention — 612 — 3,577 9 3,444 403 — 8,045 Substandard — 338 2,638 4,449 2,591 2,206 1,563 101 13,886 Total 65,566 43,871 48,578 26,620 16,148 24,429 132,393 2,142 359,747 Total commercial portfolio $ 2,266,245 $ 1,542,597 $ 722,015 $ 483,627 $ 210,966 $ 577,415 $ 257,715 $ 4,032 $ 6,064,612 The following table presents a vintage analysis of the consumer portfolio segment by loan sub-class and delinquency status: At December 31, 2022 (in thousands) 2022 2021 2020 2019 2018 2017 and prior Revolving Revolving-term Total CONSUMER PORTFOLIO Single family Current $ 273,786 $ 253,937 $ 152,773 $ 49,302 $ 43,511 $ 231,277 $ — $ — $ 1,004,586 Past due: 30-59 days — — — — 340 2,113 — — 2,453 60-89 days — — — — — 258 — — 258 90+ days — — — 290 273 1,141 — — 1,704 Total 273,786 253,937 152,773 49,592 44,124 234,789 — — 1,009,001 Home equity and other Current 4,156 692 220 150 72 1,593 340,567 4,017 351,467 Past due: 30-59 days — 6 — — — 9 446 — 461 60-89 days 6 24 — — — 48 517 — 595 90+ days — — — — — 151 33 — 184 Total 4,162 722 220 150 72 1,801 341,563 4,017 352,707 Total consumer portfolio (1) $ 277,948 $ 254,659 $ 152,993 $ 49,742 $ 44,196 $ 236,590 $ 341,563 $ 4,017 $ 1,361,708 Total LHFI $ 2,544,193 $ 1,797,256 $ 875,008 $ 533,369 $ 255,162 $ 814,005 $ 599,278 $ 8,049 $ 7,426,320 (1) Includes $5.9 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 and consumer portfolio segment by loan sub-class and gross charge-offs: At March 31, 2023 (in thousands) 2023 2022 2021 2020 2019 2018 and prior Revolving Revolving-term Total COMMERCIAL PORTFOLIO Commercial business Gross charge-offs $ — $ — $ (174) $ — $ (459) $ — $ — $ — $ (633) CONSUMER PORTFOLIO Home equity and other Gross charge-offs — (6) (13) — — — (31) — (50) Total LHFI $ — $ (6) $ (187) $ — $ (459) $ — $ (31) $ — $ (683) Collateral Dependent Loans The following table presents the amortized cost basis of collateral-dependent loans by loan sub-class and collateral type: At March 31, 2023 (in thousands) Land 1-4 Family Non-residential real estate Other non-real estate Total Commercial and industrial loans Owner occupied CRE $ 972 $ — $ 2,696 $ — $ 3,668 Commercial business 1 3,178 562 777 4,518 Total 973 3,178 3,258 777 8,186 Consumer loans Single family — 847 — — 847 Total — 847 — — 847 Total collateral-dependent loans $ 973 $ 4,025 $ 3,258 $ 777 $ 9,033 At December 31, 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 62 3,186 562 — 3,810 Total collateral-dependent loans 1,173 3,186 1,972 — 6,331 Nonaccrual and Past Due Loans The following table presents nonaccrual status for loans: At March 31, 2023 At December 31, 2022 (in thousands) Nonaccrual with no related ACL Total Nonaccrual Nonaccrual with no related ACL Total Nonaccrual Commercial and industrial loans Owner occupied CRE $ 3,668 $ 3,668 $ 2,521 $ 2,521 Commercial business 4,518 4,518 785 4,269 Total 8,186 8,186 3,306 6,790 Consumer loans Single family 1,071 3,999 332 2,584 Home equity and other 3 862 3 681 Total 1,074 4,861 335 3,265 Total nonaccrual loans $ 9,260 $ 13,047 $ 3,641 $ 10,055 The following tables present an aging analysis of past due loans by loan portfolio segment and loan sub-class: At March 31, 2023 Past Due and Still Accruing (in thousands) 30-59 days 60-89 days 90 days or Nonaccrual Total past due and nonaccrual (1) Current Total CRE Non-owner occupied CRE $ — $ — $ — $ — $ — $ 652,284 $ 652,284 Multifamily — — — — — 3,975,654 3,975,654 Construction/land development Multifamily construction — — — — — 109,133 109,133 CRE construction — — — — — 20,087 20,087 Single family construction — — 5,732 — 5,732 321,900 327,632 Single family construction to permanent — — — — — 150,707 150,707 Total — — 5,732 — 5,732 5,229,765 5,235,497 Commercial and industrial loans Owner occupied CRE — — — 3,668 3,668 434,479 438,147 Commercial business 50 — — 4,518 4,568 388,269 392,837 Total 50 — — 8,186 8,236 822,748 830,984 Consumer loans Single family 4,105 1,856 5,527 (2) 3,999 15,487 1,042,092 1,057,579 Home equity and other 689 43 — 862 1,594 360,728 362,322 Total 4,794 1,899 5,527 4,861 17,081 1,402,820 1,419,901 (3) Total loans $ 4,844 $ 1,899 $ 11,259 $ 13,047 $ 31,049 $ 7,455,333 $ 7,486,382 % 0.06 % 0.03 % 0.15 % 0.17 % 0.41 % 99.59 % 100.00 % At December 31, 2022 Past Due and Still Accruing (in thousands) 30-59 days 60-89 days 90 days or Nonaccrual Total past due and nonaccrual (1) Current Total CRE Non-owner occupied CRE $ — $ — $ — $ — $ — $ 658,085 $ 658,085 Multifamily — — — — — 3,975,754 3,975,754 Construction/land development Multifamily construction — — — — — 95,117 95,117 CRE construction — — — — — 18,954 18,954 Single family construction — — — — — 355,554 355,554 Single family construction to permanent — — — — — 158,038 158,038 Total — — — — — 5,261,502 5,261,502 Commercial and industrial loans Owner occupied CRE — — — 2,521 2,521 440,842 443,363 Commercial business — — — 4,269 4,269 355,478 359,747 Total — — — 6,790 6,790 796,320 803,110 Consumer loans Single family 4,556 1,724 4,372 (2) 2,584 13,236 995,765 1,009,001 Home equity and other 267 296 — 681 1,244 351,463 352,707 Total 4,823 2,020 4,372 3,265 14,480 1,347,228 1,361,708 (3) Total loans $ 4,823 $ 2,020 $ 4,372 $ 10,055 $ 21,270 $ 7,405,050 $ 7,426,320 % 0.06 % 0.03 % 0.06 % 0.14 % 0.29 % 99.71 % 100.00 % (1) Includes loans whose repayments are insured by the FHA or guaranteed by the VA or Small Business Administration "SBA" of $12.3 million and $10.6 million at March 31, 2023 and December 31, 2022, respectively. (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 $5.2 million and $5.9 million of loans at March 31, 2023 and December 31, 2022, 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. Loan Modifications The Company provides modifications to borrowers experiencing financial difficulty ("MFDB"), 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 quarters ended March 31, 2023 and 2022 did not have a material impact on the ACL. The following tables provide information related to loans modified during the quarters ended March 31, 2023 and 2022 to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of concession granted: Significant Payment Delay Quarter Ended March 31, 2023 Quarter Ended March 31, 2022 (in thousands, except percentage) 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 $ — — % $ 153 0.02 % Term Extension Quarter Ended March 31, 2023 Quarter Ended March 31, 2022 (in thousands, except percentage) 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 $ — — % $ 37 — % Interest Rate Reduction and Term Extension Quarter Ended March 31, 2023 Quarter Ended March 31, 2022 (in thousands, except percentage) 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 $ — — % $ 1,110 0.15 % Significant Payment Delay and Term Extension Quarter Ended March 31, 2023 Quarter Ended March 31, 2022 (in thousands, except percentage) 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 $ 179 0.02 % $ 6,397 0.84 % Home equity and other — — % 52 0.02 % Interest Rate Reduction, Significant Payment Delay and Term Extension Quarter Ended March 31, 2023 Quarter Ended March 31, 2022 (in thousands, except percentage) 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 $ — — % $ 5,762 0.76 % The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty: Interest Rate Reduction Quarter Ended March 31, 2023 Quarter Ended March 31, 2022 Single family — Reduced weighted-average contractual interest rate from 4.28% to 3.25%. Significant Payment Delay Quarter Ended March 31, 2023 Quarter Ended March 31, 2022 Single Family Provided payment deferrals to borrowers. A weighted average 2.6% of loan balances were capitalized and added to the remaining term of the loan. Provided payment deferrals to borrowers. A weighted average 0.3% 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 6.3% of loan balances were capitalized and added to the remaining term of the loan. Term Extension Quarter Ended March 31, 2023 Quarter Ended March 31, 2022 Single family Added a weighted average 14.2 years to the life of loans, which reduced the monthly payment amounts to the borrowers. Added a weighted average 3.2 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. The following table depicts the payment status of loans that were MFDBs on or after January 1, 2022 through December 31, 2022: Payment Status (Amortized Cost Basis) at March 31, 2023 (in thousands) Current 30-89 Days Past Due 90+ Days Past Due Commercial business $ 1,355 $ — $ — Single family 19,006 1,746 1,627 Home equity and other 119 — — Total $ 20,480 $ 1,746 $ 1,627 The following tables provide the amortized cost basis as of March 31, 2023 of MFDBs on or after January 1, 2022 through December 31, 2022 and subsequently had a payment default: Amortized Cost Basis of Modified Loans That Subsequently Defaulted Quarter Ended March 31, 2023 (in thousands) Significant Payment Delay Term Extension Interest Rate Reduction and Term Extension Significant Payment Delay and Term Extension Interest Rate Reduction, Significant Payment Delay and Term Extension Single family $ — $ — $ — $ 2,030 $ 623

DEPOSITS

DEPOSITS	3 Months Ended
	Mar. 31, 2023
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]
DEPOSITS	DEPOSITS: Deposit balances, including their weighted average rates, were as follows: At March 31, 2023 At December 31, 2022 (dollars in thousands) Amount Weighted Average Rate Amount Weighted Average Rate Noninterest-bearing demand deposits $ 1,479,428 — % $ 1,399,912 — % Interest bearing: Interest-bearing demand deposits 496,504 0.34 % 466,490 0.10 % Savings 323,373 0.06 % 258,977 0.06 % Money market 2,097,055 1.52 % 2,383,209 1.22 % Certificates of deposit 2,660,243 3.49 % 2,943,331 3.07 % Total interest bearing deposits 5,577,175 2.28 % 6,052,007 1.98 % Total deposits $ 7,056,603 1.79 % $ 7,451,919 1.61 % Certificates of deposit outstanding mature as follows: (in thousands) March 31, 2023 Within one year $ 2,143,208 One to two years 489,105 Two to three years 15,066 Three to four years 5,202 Four to five years 7,500 Thereafter 162 Total $ 2,660,243

DERIVATIVES AND HEDGING ACTIVIT

DERIVATIVES AND HEDGING ACTIVITIES	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 Notional amount Fair value derivatives (in thousands) Asset Liability Forward sale commitments $ 89,850 $ 229 $ (326) Interest rate lock commitments 37,557 398 (36) Interest rate swaps 239,558 10,704 (10,705) Futures 7,400 34 — Options 58,000 503 — Total derivatives before netting $ 432,365 11,868 (11,067) Netting adjustment/Cash collateral (1) (10,801) (239) Carrying value on consolidated balance sheet $ 1,067 $ (11,306) At December 31, 2022 Notional amount Fair value derivatives (in thousands) Asset Liability Forward sale commitments $ 51,252 $ 293 $ (151) Interest rate lock commitments 17,463 141 (36) Interest rate swaps 236,533 13,093 (13,093) Futures 23,000 18 — Options $ 14,000 218 — Total derivatives before netting $ 342,248 $ 13,763 $ (13,280) Netting adjustment/Cash collateral (1) (12,870) 101 Carrying value on consolidated balance sheet $ 893 $ (13,179) (1) Includes net cash collateral received of $11.0 million and $12.8 million at March 31, 2023 and December 31, 2022, 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 March 31, 2023 Derivative assets $ 11,868 $ (10,801) $ 1,067 Derivative liabilities (11,067) (239) (11,306) At December 31, 2022 Derivative assets $ 13,763 $ (12,870) $ 893 Derivative liabilities (13,280) 101 (13,179) (1) Includes net cash collateral received of $11.0 million and received of $12.8 million at March 31, 2023 and December 31, 2022, 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 are included in other assets. Payables related to cash collateral that has been received from counterparties are 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 March 31, 2023 and December 31, 2022, the Company had liabilities of $11.0 million and $12.8 million, respectively, in cash collateral received from counterparties and receivables of $0.03 million and $0.03 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 March 31, (in thousands) 2023 2022 Recognized in noninterest income: Net gain (loss) on loan origination and sale activities (1) $ 78 $ 4,613 Loan servicing income (loss) (2) (730) (9,439) Other (3) (1) 159 (1) Comprised of interest rate lock commitments ("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 and broker dealer counterparties.

MORTGAGE BANKING OPERATIONS

MORTGAGE BANKING OPERATIONS	3 Months Ended
	Mar. 31, 2023
Mortgage Banking [Abstract]
MORTGAGE BANKING OPERATIONS	MORTGAGE BANKING OPERATIONS: LHFS consisted of the following: (in thousands) At March 31, 2023 At December 31, 2022 Single family $ 22,690 $ 14,075 CRE, multifamily and SBA 1,563 3,252 Total $ 24,253 $ 17,327 Loans sold consisted of the following for the periods indicated: Quarter Ended March 31, (in thousands) 2023 2022 Single family $ 63,473 $ 323,070 CRE, multifamily and SBA 8,750 49,137 Total $ 72,223 $ 372,207 Gain on loan origination and sale activities, including the effects of derivative risk management instruments, consisted of the following: Quarter Ended March 31, (in thousands) 2023 2022 Single family $ 2,218 $ 6,169 CRE, multifamily and SBA 192 2,105 Total $ 2,410 $ 8,274 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 March 31, 2023 At December 31, 2022 Single family $ 5,424,909 $ 5,436,899 CRE, multifamily and SBA 1,917,154 1,938,484 Total $ 7,342,063 $ 7,375,383 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 March 31, (in thousands) 2023 2022 Balance, beginning of period $ 2,232 $ 1,312 Additions, net of adjustments (1) (143) 358 Realized (losses) recoveries, net (2) (300) (32) Balance, end of period $ 1,789 $ 1,638 (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 $2.8 million and $1.6 million were recorded in other assets as of March 31, 2023 and December 31, 2022, 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 March 31, 2023 and December 31, 2022, delinquent or defaulted mortgage loans currently in Ginnie Mae pools that the Company has recognized on its consolidated balance sheets totaled $5.7 million and $6.9 million, respectively. Revenue from mortgage servicing, including the effects of derivative risk management instruments, consisted of the following: Quarter Ended March 31, (in thousands) 2023 2022 Servicing income, net: Servicing fees and other $ 6,669 $ 8,321 Amortization of single family MSRs (1) (1,684) (3,425) Amortization of multifamily and SBA MSRs (1,554) (1,712) Total 3,431 3,184 Risk management, single family MSRs: Changes in fair value of MSRs due to assumptions (2) (311) 10,303 Net gain (loss) from economic hedging (81) (10,183) Total (392) 120 Loan servicing income $ 3,039 $ 3,304 (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 March 31, (in thousands) 2023 2022 Beginning balance $ 76,617 $ 61,584 Additions and amortization: Originations 619 3,916 Purchases 460 — Amortization (1) (1,684) (3,425) Net additions and amortization (605) 491 Changes in fair value assumptions (2) (311) 10,303 Ending balance $ 75,701 $ 72,378 (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 March 31, (rates per annum) (1) 2023 2022 Constant prepayment rate ("CPR") (2) 11.20 % 9.38 % Discount rate 9.94 % 8.34 % (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 March 31, 2023 At December 31, 2022 Range of Inputs Average (1) Range of Inputs Average (1) CPRs 6.34% - 30.01% 6.69 % 6.01% - 11.10% 8.19 % Discount Rates 9.33% - 14.95% 10.07 % 9.74% - 16.88% 10.66 % (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 March 31, 2023 Fair value of single family MSR $ 75,701 Expected weighted-average life (in years) 8.40 CPR Impact on fair value of 25 basis points adverse change in interest rates $ (941) Impact on fair value of 50 basis points adverse change in interest rates $ (2,148) Discount rate Impact on fair value of 100 basis points increase $ (2,000) Impact on fair value of 200 basis points increase $ (4,984) The changes in multifamily and SBA MSRs measured at the lower of amortized cost or fair value were as follows: Quarter Ended March 31, (in thousands) 2023 2022 Beginning balance $ 35,256 $ 39,415 Originations 137 1,576 Amortization (1,554) (1,712) Ending balance $ 33,839 $ 39,279

GUARANTEES AND MORTGAGE REPURCH

GUARANTEES AND MORTGAGE REPURCHASE LIABILITY	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 and December 31, 2022, the total unpaid principal balance of loans sold under this program was $1.8 billion. The Company's reserve liability related to this arrangement totaled $0.6 million at both March 31, 2023 and December 31, 2022. There were no actual losses incurred under this arrangement during the quarters ended March 31, 2023 and 2022. 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 $5.4 billion at both March 31, 2023 and December 31, 2022. At March 31, 2023 and December 31, 2022, the Company had recorded a mortgage repurchase liability for loans sold on a servicing-retained and

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE: The following table summarizes the calculation of earnings per share: Quarter Ended March 31, (in thousands, except share and per share data) 2023 2022 Net income $ 5,058 $ 19,951 Weighted average shares: Basic weighted-average number of common shares outstanding 18,755,453 19,585,753 Dilutive effect of outstanding common stock equivalents 16,446 206,160 Diluted weighted-average number of common shares outstanding 18,771,899 19,791,913 Net income per share: Basic earnings per share $ 0.27 $ 1.02 Diluted earnings per share 0.27 1.01 (1) Excluded from the computation of diluted earnings per share (due to their antidilutive effect) for the quarter ended March 31, 2023 and 2022 were certain unvested RSUs and PSUs. Based on a weighted average basis, 251,821 and 13,040 unvested stock units convertible into shares

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	3 Months Ended
	Mar. 31, 2023
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 6 , 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. IRLC 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 March 31, 2023 (in thousands) Fair Value Level 1 Level 2 Level 3 Assets: Trading securities - U.S. Treasury securities $ 62,044 $ 62,044 $ — $ — Investment securities AFS Mortgage backed securities: Residential 200,658 — 198,694 1,964 Commercial 54,230 — 54,230 — Collateralized mortgage obligations: Residential 553,234 — 553,234 — Commercial 70,777 — 70,777 — Municipal bonds 413,658 — 413,658 — Corporate debt securities 41,302 — 41,236 66 U.S. Treasury securities 20,319 — 20,319 — Agency debentures 58,359 — 58,359 — Single family LHFS 22,690 — 22,690 — Single family LHFI 5,231 — — 5,231 Single family mortgage servicing rights 75,701 — — 75,701 Derivatives Futures 34 34 — — Forward sale commitments 229 — 229 — Options 503 503 — — Interest rate lock commitments 398 — — 398 Interest rate swaps 10,704 — 10,704 — Total assets $ 1,590,071 $ 62,581 $ 1,444,130 $ 83,360 Liabilities: Derivatives Forward sale commitments $ 326 $ — $ 326 $ — Interest rate lock commitments 36 — — 36 Interest rate swaps 10,705 — 10,705 — Total liabilities $ 11,067 $ — $ 11,031 $ 36 At December 31, 2022 (in thousands) Fair Value Level 1 Level 2 Level 3 Assets: Trading securities - U.S. Treasury securities $ 18,997 $ 18,997 $ — $ — Investment securities AFS Mortgage backed securities: Residential 197,262 — 195,321 1,941 Commercial 56,049 — 56,049 — Collateralized mortgage obligations: Residential 553,039 — 553,039 — Commercial 70,519 — 70,519 — Municipal bonds 411,548 — 411,548 — Corporate debt securities 42,945 — 42,877 68 U.S. Treasury securities 19,934 — 19,934 — Agency debentures 27,478 — 27,478 — Single family LHFS 14,075 — 14,075 — Single family LHFI 5,868 — — 5,868 Single family mortgage servicing rights 76,617 — — 76,617 Derivatives Futures 18 18 — — Options 218 218 — Forward sale commitments 293 — 293 — Interest rate lock commitments 141 — — 141 Interest rate swaps 13,093 — 13,093 — Total assets $ 1,508,094 $ 19,233 $ 1,404,226 $ 84,635 Liabilities: Derivatives Forward sale commitments $ 151 $ — $ 151 $ — Interest rate lock commitments 36 — — 36 Interest rate swaps 13,093 — 13,093 — Total liabilities $ 13,280 $ — $ 13,244 $ 36 There were no transfers between levels of the fair value hierarchy during the quarters ended March 31, 2023 and 2022. 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 ended March 31, 2023 and 2022, see Note 6, 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 $5.2 million and $5.9 million at March 31, 2023 and December 31, 2022, 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 March 31, 2023 Investment securities AFS $ 2,030 Income approach Implied spread to benchmark interest rate curve 2.00% 2.00% 2.00% Single family LHFI 5,231 Income approach Implied spread to benchmark interest rate curve 3.18% 5.44% 4.02% Interest rate lock commitments, net 362 Income approach Fall-out factor 0.07% 22.60% 9.07% Value of servicing 0.59% 1.19% 0.88% December 31, 2022 Investment securities AFS $ 2,009 Income approach Implied spread to benchmark interest rate curve 2.00% 2.00% 2.00% Single family LHFI 5,868 Income approach Implied spread to benchmark interest rate curve 2.87% 5.15% 4.14% Interest rate lock commitments, net 105 Income approach Fall-out factor 0.10% 17.50% 6.43% Value of servicing 0.54% 1.11% 0.95% We had no LHFS where the fair value was not derived with significant observable inputs at March 31, 2023 and December 31, 2022. 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 March 31, 2023 Investment securities AFS $ 2,009 $ — $ — $ (48) $ 69 $ 2,030 Single family LHFI 5,868 — — (682) 45 5,231 Quarter Ended March 31, 2022 Investment securities AFS $ 2,482 $ — $ — $ (48) $ (127) $ 2,307 Single family LHFI 7,287 — — — (306) 6,981 (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 March 31, (in thousands) 2023 2022 Beginning balance, net $ 105 $ 2,484 Total realized/unrealized gains (losses) 919 (2,177) Settlements (662) (229) Ending balance, net $ 362 $ 78 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. 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 Ended March 31, 2023 LHFI (1) $ 3,793 $ (159) At or for the Quarter Ended March 31, 2022 LHFI (1) $ 904 $ 10 (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 March 31, 2023 (in thousands) Carrying Fair Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 377,031 $ 377,031 $ 377,031 $ — $ — Investment securities HTM 2,423 2,387 — 2,387 — LHFI 7,439,651 7,150,665 — — 7,150,665 LHFS – multifamily and other 1,563 1,563 — 1,563 — Mortgage servicing rights – multifamily and SBA 33,839 38,629 — — 38,629 Federal Home Loan Bank stock 73,191 73,191 — 73,191 — Other assets - GNMA EBO loans 5,682 5,682 — — 5,682 Liabilities: Certificates of deposit $ 2,660,243 $ 2,634,872 $ — $ 2,634,872 $ — Borrowings 1,878,000 1,881,721 1,881,721 Long-term debt 224,492 200,770 — 200,770 — At December 31, 2022 (in thousands) Carrying Fair Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 72,828 $ 72,828 $ 72,828 $ — $ — Investment securities HTM 2,441 2,385 — 2,385 — LHFI 7,378,952 6,988,363 — — 6,988,363 LHFS – multifamily and other 3,252 3,291 — 3,291 — Mortgage servicing rights – multifamily and SBA 35,256 39,792 — — 39,792 Federal Home Loan Bank stock 49,305 49,305 — 49,305 — Other assets-GNMA EBO loans 6,918 6,918 — — 6,918 Liabilities: Certificates of deposit $ 2,943,331 $ 2,910,301 $ — $ 2,910,301 $ — Borrowings 1,016,000 1,014,973 — 1,014,973 — Long-term debt 224,404 202,338 — 202,338 — 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 March 31, 2023 At December 31, 2022 (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 $ 22,690 $ 22,243 $ 447 $ 14,075 $ 13,914 $ 161

BORROWINGS

BORROWINGS	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Debt Disclosure	BORROWINGS: During the first quarter of 2023, the Company borrowed $300 million from the Federal Reserve Bank (“FRB”) under the Bank Term Funding Program (“BTFP”). The BTFP offers up to one year fixed-rate term borrowings that are prepayable without penalty. The balances, maturity and rate of the outstanding borrowings from the FHLB and the FRB BTFP were as follows at March 31, 2023: (dollars in thousands) Amount Weighted Average Rate Within one year $ 878,000 4.84 % One to three years 450,000 4.56 % Three through five years 550,000 4.35 % Total $ 1,878,000 4.63 %

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS:On April 24, 2023, the Board authorized a dividend of $0.10 per share, payable on May 24, 2023 to shareholders of record on May 10, 2023.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2023
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. In December 2022, the FASB issued ASU No. 2022-06, "Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848," which defers the sunset date of Topic 848 from December 31, 2022 to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. The adoption of these ASUs is not expected to have a material impact on the Company’s financial position or results of operations. In March 2022, the FASB issued ASU No. 2022-02, Financial Instruments-Credit Losses (Topic 326). The amendments in this ASU eliminate the accounting guidance for Troubled Debt Restructuring ("TDRs") by creditors, while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower experiences financial difficulty. In addition, the amendments require that an entity disclose current period gross charge-offs by year of origination in a vintage table. We prospectively adopted the portion of ASU No. 2022-02 with respect to amendments about TDRs and related disclosure enhancements as of January 1, 2022. This adoption did not have a material impact on the Company’s financial position or results of operations. We prospectively adopted the vintage table disclosure requirement of ASU 2022-02 on January 1, 2023, which did not 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 6 , 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. IRLC 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)	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 (in thousands) Amortized Gross Gross Fair AFS Mortgage backed securities ("MBS"): Residential $ 209,773 $ 62 $ (9,177) $ 200,658 Commercial 62,567 — (8,337) 54,230 Collateralized mortgage obligations ("CMOs"): Residential 587,455 56 (34,277) 553,234 Commercial 76,777 — (6,000) 70,777 Municipal bonds 462,261 294 (48,897) 413,658 Corporate debt securities 45,835 — (4,533) 41,302 U.S. Treasury securities 22,920 — (2,601) 20,319 Agency debentures 58,539 — (180) 58,359 Total $ 1,526,127 $ 412 $ (114,002) $ 1,412,537 HTM Municipal bonds $ 2,423 $ — $ (36) $ 2,387 At December 31, 2022 (in thousands) Amortized Gross Gross Fair AFS MBS: Residential $ 207,445 $ — $ (10,183) $ 197,262 Commercial 65,411 — (9,362) 56,049 CMOs: Residential 592,449 12 (39,422) 553,039 Commercial 77,909 — (7,390) 70,519 Municipal bonds 469,346 41 (57,839) 411,548 Corporate debt securities 46,672 74 (3,801) 42,945 U.S. Treasury securities 23,005 — (3,071) 19,934 Agency debentures 27,499 8 (29) 27,478 Total $ 1,509,736 $ 135 $ (131,097) $ 1,378,774 HTM Municipal bonds $ 2,441 $ — $ (56) $ 2,385
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 March 31, 2023 (in thousands) Amortized Gross Gross Fair AFS Mortgage backed securities ("MBS"): Residential $ 209,773 $ 62 $ (9,177) $ 200,658 Commercial 62,567 — (8,337) 54,230 Collateralized mortgage obligations ("CMOs"): Residential 587,455 56 (34,277) 553,234 Commercial 76,777 — (6,000) 70,777 Municipal bonds 462,261 294 (48,897) 413,658 Corporate debt securities 45,835 — (4,533) 41,302 U.S. Treasury securities 22,920 — (2,601) 20,319 Agency debentures 58,539 — (180) 58,359 Total $ 1,526,127 $ 412 $ (114,002) $ 1,412,537 HTM Municipal bonds $ 2,423 $ — $ (36) $ 2,387 At December 31, 2022 (in thousands) Amortized Gross Gross Fair AFS MBS: Residential $ 207,445 $ — $ (10,183) $ 197,262 Commercial 65,411 — (9,362) 56,049 CMOs: Residential 592,449 12 (39,422) 553,039 Commercial 77,909 — (7,390) 70,519 Municipal bonds 469,346 41 (57,839) 411,548 Corporate debt securities 46,672 74 (3,801) 42,945 U.S. Treasury securities 23,005 — (3,071) 19,934 Agency debentures 27,499 8 (29) 27,478 Total $ 1,509,736 $ 135 $ (131,097) $ 1,378,774 HTM Municipal bonds $ 2,441 $ — $ (56) $ 2,385
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 March 31, 2023 Less than 12 months 12 months or more Total (in thousands) Gross Fair Gross Fair Gross Fair AFS MBS: Residential $ (6,312) $ 168,313 $ (2,865) $ 22,732 $ (9,177) $ 191,045 Commercial (194) 3,226 (8,143) 50,990 (8,337) 54,216 CMOs: Residential (8,414) 342,128 (25,863) 184,686 (34,277) 526,814 Commercial (146) 9,071 (5,854) 61,707 (6,000) 70,778 Municipal bonds (1,825) 52,931 (47,072) 326,987 (48,897) 379,918 Corporate debt securities (1,550) 27,813 (2,983) 13,489 (4,533) 41,302 U.S. Treasury securities — — (2,601) 20,319 (2,601) 20,319 Agency debentures (180) 58,359 — — (180) 58,359 Total $ (18,621) $ 661,841 $ (95,381) $ 680,910 $ (114,002) $ 1,342,751 HTM Municipal bonds $ (36) $ 2,387 $ — $ — $ (36) $ 2,387 At December 31, 2022 Less than 12 months 12 months or more Total (in thousands) Gross Fair Gross Fair Gross Fair AFS MBS: Residential $ (8,845) $ 191,398 $ (1,338) $ 5,763 $ (10,183) $ 197,161 Commercial (5,729) 41,416 (3,633) 14,619 (9,362) 56,035 CMOs: Residential (27,789) 498,333 (11,633) 45,689 (39,422) 544,022 Commercial (4,787) 56,671 (2,603) 13,848 (7,390) 70,519 Municipal bonds (44,513) 350,918 (13,326) 46,377 (57,839) 397,295 Corporate debt securities (3,801) 32,871 — — (3,801) 32,871 U.S. Treasury securities — — (3,071) 19,934 (3,071) 19,934 Agency debentures (29) 15,970 — — (29) 15,970 Total $ (95,493) $ 1,187,577 $ (35,604) $ 146,230 $ (131,097) $ 1,333,807 HTM Municipal bonds $ (56) $ 2,385 $ — $ — $ (56) $ 2,385
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 March 31, 2023 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 $ — — % $ 3,763 2.02 % $ 52,312 3.13 % $ 357,583 2.73 % $ 413,658 2.78 % Corporate debt securities 4,500 3.49 % 9,989 5.99 % 26,813 4.12 % — — % 41,302 4.47 % U.S. Treasury securities — — % — — % 20,319 1.14 % — — % 20,319 1.14 % Agency debentures 15,472 4.74 % 42,887 5.12 % — — % — — % 58,359 5.02 % Total $ 19,972 4.45 % $ 56,639 5.05 % $ 99,444 3.00 % $ 357,583 2.73 % $ 533,638 3.07 % HTM Municipal bonds $ — — % $ 2,387 1.84 % $ — — % $ — — % $ 2,387 1.84 % At December 31, 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 $ — — % $ 3,644 1.96 % $ 38,977 3.04 % $ 368,927 2.83 % $ 411,548 2.84 % Corporate debt securities — — % 15,342 5.13 % 27,603 4.25 % — — % 42,945 4.54 % U.S. Treasury securities — — % — — % 19,934 1.11 % — — % 19,934 1.11 % Agency debentures 10,485 4.74 % 16,993 4.94 % — — % — — % 27,478 4.86 % Total $ 10,485 4.74 % $ 35,979 4.69 % $ 86,514 2.97 % $ 368,927 2.83 % $ 501,905 3.01 % HTM Municipal bonds $ — — % $ 2,385 2.04 % $ — — % $ — — % $ 2,385 2.04 %
Schedule of Sales of Investment Securities	Sales of AFS investment securities were as follows: Quarter Ended March 31, (in thousands) 2023 2022 Proceeds $ 4,693 $ 962 Gross gains 3 71 Gross losses — —
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 March 31, 2023 At December 31, 2022 Federal Reserve Bank to secure borrowings $ 315,244 $ — Washington, Oregon and California to secure public deposits 203,201 212,806 Other securities pledged 1,519 2,011 Total securities pledged as collateral $ 519,964 $ 214,817

LOANS AND CREDIT QUALITY (Table

LOANS AND CREDIT QUALITY (Tables)	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Loans Held for Investment	LHFI consists of the following: (in thousands) At March 31, 2023 At December 31, 2022 CRE Non-owner occupied CRE $ 652,284 $ 658,085 Multifamily 3,975,654 3,975,754 Construction/land development 607,559 627,663 Total 5,235,497 5,261,502 Commercial and industrial loans Owner occupied CRE 438,147 443,363 Commercial business 392,837 359,747 Total 830,984 803,110 Consumer loans Single family 1,057,579 1,009,001 Home equity and other 362,322 352,707 Total (1) 1,419,901 1,361,708 Total LHFI 7,486,382 7,426,320 Allowance for credit losses ("ACL") (41,500) (41,500) Total LHFI less ACL $ 7,444,882 $ 7,384,820
Activity in Allowance for Credit Losses	Activity in the ACL for LHFI and the allowance for unfunded commitments was as follows: Quarter Ended March 31, (in thousands) 2023 2022 Beginning balance $ 41,500 $ 47,123 Provision for credit losses 589 (9,223) Net (charge-offs) recoveries (589) 44 Ending balance $ 41,500 $ 37,944 Allowance for unfunded commitments: Beginning balance $ 2,197 $ 2,404 Provision for credit losses 4 223 Ending balance $ 2,201 $ 2,627 Provision for credit losses: Allowance for credit losses - loans $ 589 $ (9,223) Allowance for unfunded commitments 4 223 Total $ 593 $ (9,000) Activity in the ACL for LHFI by loan portfolio and loan sub-class was as follows: Quarter Ended March 31, 2023 (in thousands) Beginning balance Charge-offs Recoveries Provision Ending balance CRE Non-owner occupied CRE $ 2,102 $ — $ — $ 506 $ 2,608 Multifamily 10,974 — — (1,187) 9,787 Construction/land development Multifamily construction 998 — — 347 1,345 CRE construction 196 — — 8 204 Single family construction 12,418 — — 107 12,525 Single family construction to permanent 1,171 — — 40 1,211 Total 27,859 — — (179) 27,680 Commercial and industrial loans Owner occupied CRE 1,030 — — (120) 910 Commercial business 3,247 (633) 24 778 3,416 Total 4,277 (633) 24 658 4,326 Consumer loans Single family 5,610 — 15 179 5,804 Home equity and other 3,754 (50) 55 (69) 3,690 Total 9,364 (50) 70 110 9,494 Total ACL $ 41,500 $ (683) $ 94 $ 589 $ 41,500 Quarter Ended March 31, 2022 (in thousands) Beginning balance Charge-offs Recoveries Provision Ending balance CRE Non-owner occupied CRE $ 7,509 $ — $ — $ (5,215) $ 2,294 Multifamily 5,854 — — 2,573 8,427 Construction/land development Multifamily construction 507 — — (51) 456 CRE construction 150 — — 34 184 Single family construction 6,411 — — 1,324 7,735 Single family construction to permanent 1,055 — — (65) 990 Total 21,486 — — (1,400) 20,086 Commercial and industrial loans Owner occupied CRE 5,006 — — (1,470) 3,536 Commercial business 12,273 (11) 24 (5,376) 6,910 Total 17,279 (11) 24 (6,846) 10,446 Consumer loans Single family 4,394 — 4 (636) 3,762 Home equity and other 3,964 (33) 60 (341) 3,650 Total 8,358 (33) 64 (977) 7,412 Total ACL $ 47,123 $ (44) $ 88 $ (9,223) $ 37,944
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 March 31, 2023 (in thousands) 2023 2022 2021 2020 2019 2018 and prior Revolving Revolving-term Total COMMERCIAL PORTFOLIO Non-owner occupied CRE Pass $ 1,542 $ 68,246 $ 68,280 $ 41,870 $ 138,583 $ 302,871 $ 1,122 $ — $ 622,514 Special Mention — — — — — 29,332 — — 29,332 Substandard — — — — 438 — — — 438 Total 1,542 68,246 68,280 41,870 139,021 332,203 1,122 — 652,284 Multifamily Pass 15,923 1,826,992 1,159,589 522,497 238,448 197,486 — — 3,960,935 Special Mention — — — 4,892 2,366 7,461 — — 14,719 Substandard — — — — — — — — — Total 15,923 1,826,992 1,159,589 527,389 240,814 204,947 — — 3,975,654 Multifamily construction Pass (222) 23,795 71,396 14,164 — — — — 109,133 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total (222) 23,795 71,396 14,164 — — — — 109,133 CRE construction Pass — 1,713 14,416 3,958 — — — — 20,087 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total — 1,713 14,416 3,958 — — — — 20,087 Single family construction Pass 22,174 140,812 30,374 10,748 — 74 117,718 — 321,900 Special Mention — — — — — — — — — Substandard — — 5,732 — — — — — 5,732 Total 22,174 140,812 36,106 10,748 — 74 117,718 — 327,632 Single family construction to permanent Current 3,874 84,818 54,059 5,253 2,186 517 — — 150,707 Past due: 30-59 days — — — — — — — — — 60-89 days — — — — — — — — — 90+ days — — — — — — — — — Total 3,874 84,818 54,059 5,253 2,186 517 — — 150,707 Owner occupied CRE Pass 3,908 69,709 51,178 42,620 70,651 176,851 2 1,085 416,004 Special Mention — 1,506 737 — — 12,915 — — 15,158 Substandard — — — — — 6,985 — — 6,985 Total 3,908 71,215 51,915 42,620 70,651 196,751 2 1,085 438,147 Commercial business Pass 15,698 53,476 38,338 45,115 17,838 30,257 152,482 1,743 354,947 Special Mention — 11,612 3,650 — 3,765 3,093 1,935 190 24,245 Substandard — — 996 2,551 3,955 4,589 1,462 92 13,645 Total 15,698 65,088 42,984 47,666 25,558 37,939 155,879 2,025 392,837 Total commercial portfolio $ 62,897 $ 2,282,679 $ 1,498,745 $ 693,668 $ 478,230 $ 772,431 $ 274,721 $ 3,110 $ 6,066,481 The following table presents a vintage analysis of the consumer portfolio segment by loan sub-class and delinquency status: At March 31, 2023 (in thousands) 2023 2022 2021 2020 2019 2018 and prior Revolving Revolving-term Total CONSUMER PORTFOLIO Single family Current $ 7,309 $ 283,042 $ 283,329 $ 156,430 $ 48,645 $ 272,582 $ — $ — $ 1,051,337 Past due: 30-59 days — — — — 545 2,020 — — 2,565 60-89 days — — — — — 539 — — 539 90+ days — — — — 290 2,848 — — 3,138 Total 7,309 283,042 283,329 156,430 49,480 277,989 — — 1,057,579 Home equity and other Current 542 3,693 601 197 114 1,788 346,770 7,379 361,084 Past due: 30-59 days — 10 — — — — 620 58 688 60-89 days — 28 7 — — — 53 8 96 90+ days — 32 — — — 25 387 10 454 Total 542 3,763 608 197 114 1,813 347,830 7,455 362,322 Total consumer portfolio (1) $ 7,851 $ 286,805 $ 283,937 $ 156,627 $ 49,594 $ 279,802 $ 347,830 $ 7,455 $ 1,419,901 Total LHFI $ 70,748 $ 2,569,484 $ 1,782,682 $ 850,295 $ 527,824 $ 1,052,233 $ 622,551 $ 10,565 $ 7,486,382 (1) Includes $5.2 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, 2022 (in thousands) 2022 2021 2020 2019 2018 2017 and prior Revolving Revolving-term Total COMMERCIAL PORTFOLIO Non-owner occupied CRE Pass $ 68,301 $ 68,356 $ 42,181 $ 139,760 $ 87,197 $ 242,544 $ 2,016 $ 786 $ 651,141 Special Mention — — — — 2,702 4,242 — — 6,944 Substandard — — — — — — — — — Total 68,301 68,356 42,181 139,760 89,899 246,786 2,016 786 658,085 Multifamily Pass 1,828,568 1,165,434 528,077 221,974 59,340 140,126 — — 3,943,519 Special Mention — — 4,893 19,834 — 7,508 — — 32,235 Substandard — — — — — — — — — Total 1,828,568 1,165,434 532,970 241,808 59,340 147,634 — — 3,975,754 Multifamily construction Pass 18,110 63,394 13,613 — — — — — 95,117 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total 18,110 63,394 13,613 — — — — — 95,117 CRE construction Pass 341 14,348 3,960 — — 305 — — 18,954 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total 341 14,348 3,960 — — 305 — — 18,954 Single family construction Pass 149,133 50,936 24,807 519 — 74 123,303 — 348,772 Special Mention — — — — — — — — — Substandard — 6,782 — — — — — — 6,782 Total 149,133 57,718 24,807 519 — 74 123,303 — 355,554 Single family construction to permanent Current 66,034 76,814 11,128 3,268 794 — — — 158,038 Past due: 30-59 days — — — — — — — — — 60-89 days — — — — — — — — — 90+ days — — — — — — — — — Total 66,034 76,814 11,128 3,268 794 — — — 158,038 Owner occupied CRE Pass 70,192 51,919 44,778 71,652 36,457 139,691 3 1,104 415,796 Special Mention — 743 — — 6,179 13,485 — — 20,407 Substandard — — — — 2,149 5,011 — — 7,160 Total 70,192 52,662 44,778 71,652 44,785 158,187 3 1,104 443,363 Commercial business Pass 65,566 42,921 45,940 18,594 13,548 18,779 130,427 2,041 337,816 Special Mention — 612 — 3,577 9 3,444 403 — 8,045 Substandard — 338 2,638 4,449 2,591 2,206 1,563 101 13,886 Total 65,566 43,871 48,578 26,620 16,148 24,429 132,393 2,142 359,747 Total commercial portfolio $ 2,266,245 $ 1,542,597 $ 722,015 $ 483,627 $ 210,966 $ 577,415 $ 257,715 $ 4,032 $ 6,064,612 The following table presents a vintage analysis of the consumer portfolio segment by loan sub-class and delinquency status: At December 31, 2022 (in thousands) 2022 2021 2020 2019 2018 2017 and prior Revolving Revolving-term Total CONSUMER PORTFOLIO Single family Current $ 273,786 $ 253,937 $ 152,773 $ 49,302 $ 43,511 $ 231,277 $ — $ — $ 1,004,586 Past due: 30-59 days — — — — 340 2,113 — — 2,453 60-89 days — — — — — 258 — — 258 90+ days — — — 290 273 1,141 — — 1,704 Total 273,786 253,937 152,773 49,592 44,124 234,789 — — 1,009,001 Home equity and other Current 4,156 692 220 150 72 1,593 340,567 4,017 351,467 Past due: 30-59 days — 6 — — — 9 446 — 461 60-89 days 6 24 — — — 48 517 — 595 90+ days — — — — — 151 33 — 184 Total 4,162 722 220 150 72 1,801 341,563 4,017 352,707 Total consumer portfolio (1) $ 277,948 $ 254,659 $ 152,993 $ 49,742 $ 44,196 $ 236,590 $ 341,563 $ 4,017 $ 1,361,708 Total LHFI $ 2,544,193 $ 1,797,256 $ 875,008 $ 533,369 $ 255,162 $ 814,005 $ 599,278 $ 8,049 $ 7,426,320 (1) Includes $5.9 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 and consumer portfolio segment by loan sub-class and gross charge-offs: At March 31, 2023 (in thousands) 2023 2022 2021 2020 2019 2018 and prior Revolving Revolving-term Total COMMERCIAL PORTFOLIO Commercial business Gross charge-offs $ — $ — $ (174) $ — $ (459) $ — $ — $ — $ (633) CONSUMER PORTFOLIO Home equity and other Gross charge-offs — (6) (13) — — — (31) — (50) Total LHFI $ — $ (6) $ (187) $ — $ (459) $ — $ (31) $ — $ (683)
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 March 31, 2023 (in thousands) Land 1-4 Family Non-residential real estate Other non-real estate Total Commercial and industrial loans Owner occupied CRE $ 972 $ — $ 2,696 $ — $ 3,668 Commercial business 1 3,178 562 777 4,518 Total 973 3,178 3,258 777 8,186 Consumer loans Single family — 847 — — 847 Total — 847 — — 847 Total collateral-dependent loans $ 973 $ 4,025 $ 3,258 $ 777 $ 9,033 At December 31, 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 62 3,186 562 — 3,810 Total collateral-dependent loans 1,173 3,186 1,972 — 6,331
Schedule of Loans on Nonaccrual with no Related Allowance for Credit Loss	The following table presents nonaccrual status for loans: At March 31, 2023 At December 31, 2022 (in thousands) Nonaccrual with no related ACL Total Nonaccrual Nonaccrual with no related ACL Total Nonaccrual Commercial and industrial loans Owner occupied CRE $ 3,668 $ 3,668 $ 2,521 $ 2,521 Commercial business 4,518 4,518 785 4,269 Total 8,186 8,186 3,306 6,790 Consumer loans Single family 1,071 3,999 332 2,584 Home equity and other 3 862 3 681 Total 1,074 4,861 335 3,265 Total nonaccrual loans $ 9,260 $ 13,047 $ 3,641 $ 10,055
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 March 31, 2023 Past Due and Still Accruing (in thousands) 30-59 days 60-89 days 90 days or Nonaccrual Total past due and nonaccrual (1) Current Total CRE Non-owner occupied CRE $ — $ — $ — $ — $ — $ 652,284 $ 652,284 Multifamily — — — — — 3,975,654 3,975,654 Construction/land development Multifamily construction — — — — — 109,133 109,133 CRE construction — — — — — 20,087 20,087 Single family construction — — 5,732 — 5,732 321,900 327,632 Single family construction to permanent — — — — — 150,707 150,707 Total — — 5,732 — 5,732 5,229,765 5,235,497 Commercial and industrial loans Owner occupied CRE — — — 3,668 3,668 434,479 438,147 Commercial business 50 — — 4,518 4,568 388,269 392,837 Total 50 — — 8,186 8,236 822,748 830,984 Consumer loans Single family 4,105 1,856 5,527 (2) 3,999 15,487 1,042,092 1,057,579 Home equity and other 689 43 — 862 1,594 360,728 362,322 Total 4,794 1,899 5,527 4,861 17,081 1,402,820 1,419,901 (3) Total loans $ 4,844 $ 1,899 $ 11,259 $ 13,047 $ 31,049 $ 7,455,333 $ 7,486,382 % 0.06 % 0.03 % 0.15 % 0.17 % 0.41 % 99.59 % 100.00 % At December 31, 2022 Past Due and Still Accruing (in thousands) 30-59 days 60-89 days 90 days or Nonaccrual Total past due and nonaccrual (1) Current Total CRE Non-owner occupied CRE $ — $ — $ — $ — $ — $ 658,085 $ 658,085 Multifamily — — — — — 3,975,754 3,975,754 Construction/land development Multifamily construction — — — — — 95,117 95,117 CRE construction — — — — — 18,954 18,954 Single family construction — — — — — 355,554 355,554 Single family construction to permanent — — — — — 158,038 158,038 Total — — — — — 5,261,502 5,261,502 Commercial and industrial loans Owner occupied CRE — — — 2,521 2,521 440,842 443,363 Commercial business — — — 4,269 4,269 355,478 359,747 Total — — — 6,790 6,790 796,320 803,110 Consumer loans Single family 4,556 1,724 4,372 (2) 2,584 13,236 995,765 1,009,001 Home equity and other 267 296 — 681 1,244 351,463 352,707 Total 4,823 2,020 4,372 3,265 14,480 1,347,228 1,361,708 (3) Total loans $ 4,823 $ 2,020 $ 4,372 $ 10,055 $ 21,270 $ 7,405,050 $ 7,426,320 % 0.06 % 0.03 % 0.06 % 0.14 % 0.29 % 99.71 % 100.00 % (1) Includes loans whose repayments are insured by the FHA or guaranteed by the VA or Small Business Administration "SBA" of $12.3 million and $10.6 million at March 31, 2023 and December 31, 2022, respectively. (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.
Schedule of Loan Modifications	The following tables provide information related to loans modified during the quarters ended March 31, 2023 and 2022 to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of concession granted: Significant Payment Delay Quarter Ended March 31, 2023 Quarter Ended March 31, 2022 (in thousands, except percentage) 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 $ — — % $ 153 0.02 % Term Extension Quarter Ended March 31, 2023 Quarter Ended March 31, 2022 (in thousands, except percentage) 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 $ — — % $ 37 — % Interest Rate Reduction and Term Extension Quarter Ended March 31, 2023 Quarter Ended March 31, 2022 (in thousands, except percentage) 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 $ — — % $ 1,110 0.15 % Significant Payment Delay and Term Extension Quarter Ended March 31, 2023 Quarter Ended March 31, 2022 (in thousands, except percentage) 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 $ 179 0.02 % $ 6,397 0.84 % Home equity and other — — % 52 0.02 % Interest Rate Reduction, Significant Payment Delay and Term Extension Quarter Ended March 31, 2023 Quarter Ended March 31, 2022 (in thousands, except percentage) 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 $ — — % $ 5,762 0.76 %
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 March 31, 2023 Quarter Ended March 31, 2022 Single family — Reduced weighted-average contractual interest rate from 4.28% to 3.25%. Significant Payment Delay Quarter Ended March 31, 2023 Quarter Ended March 31, 2022 Single Family Provided payment deferrals to borrowers. A weighted average 2.6% of loan balances were capitalized and added to the remaining term of the loan. Provided payment deferrals to borrowers. A weighted average 0.3% 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 6.3% of loan balances were capitalized and added to the remaining term of the loan. Term Extension Quarter Ended March 31, 2023 Quarter Ended March 31, 2022 Single family Added a weighted average 14.2 years to the life of loans, which reduced the monthly payment amounts to the borrowers. Added a weighted average 3.2 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.
Schedule of Loan Modifications, Payment Status	The following table depicts the payment status of loans that were MFDBs on or after January 1, 2022 through December 31, 2022: Payment Status (Amortized Cost Basis) at March 31, 2023 (in thousands) Current 30-89 Days Past Due 90+ Days Past Due Commercial business $ 1,355 $ — $ — Single family 19,006 1,746 1,627 Home equity and other 119 — — Total $ 20,480 $ 1,746 $ 1,627
Schedule of Loan Modifications with Subsequent Default	The following tables provide the amortized cost basis as of March 31, 2023 of MFDBs on or after January 1, 2022 through December 31, 2022 and subsequently had a payment default: Amortized Cost Basis of Modified Loans That Subsequently Defaulted Quarter Ended March 31, 2023 (in thousands) Significant Payment Delay Term Extension Interest Rate Reduction and Term Extension Significant Payment Delay and Term Extension Interest Rate Reduction, Significant Payment Delay and Term Extension Single family $ — $ — $ — $ 2,030 $ 623

DEPOSITS (Tables)

DEPOSITS (Tables)	3 Months Ended
	Mar. 31, 2023
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]
Deposit Balances, Including Stated Rates	Deposit balances, including their weighted average rates, were as follows: At March 31, 2023 At December 31, 2022 (dollars in thousands) Amount Weighted Average Rate Amount Weighted Average Rate Noninterest-bearing demand deposits $ 1,479,428 — % $ 1,399,912 — % Interest bearing: Interest-bearing demand deposits 496,504 0.34 % 466,490 0.10 % Savings 323,373 0.06 % 258,977 0.06 % Money market 2,097,055 1.52 % 2,383,209 1.22 % Certificates of deposit 2,660,243 3.49 % 2,943,331 3.07 % Total interest bearing deposits 5,577,175 2.28 % 6,052,007 1.98 % Total deposits $ 7,056,603 1.79 % $ 7,451,919 1.61 %
Certificates of Deposit Outstanding	Certificates of deposit outstanding mature as follows: (in thousands) March 31, 2023 Within one year $ 2,143,208 One to two years 489,105 Two to three years 15,066 Three to four years 5,202 Four to five years 7,500 Thereafter 162 Total $ 2,660,243

DERIVATIVES AND HEDGING ACTIV_2

DERIVATIVES AND HEDGING ACTIVITIES (Tables)	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 Notional amount Fair value derivatives (in thousands) Asset Liability Forward sale commitments $ 89,850 $ 229 $ (326) Interest rate lock commitments 37,557 398 (36) Interest rate swaps 239,558 10,704 (10,705) Futures 7,400 34 — Options 58,000 503 — Total derivatives before netting $ 432,365 11,868 (11,067) Netting adjustment/Cash collateral (1) (10,801) (239) Carrying value on consolidated balance sheet $ 1,067 $ (11,306) At December 31, 2022 Notional amount Fair value derivatives (in thousands) Asset Liability Forward sale commitments $ 51,252 $ 293 $ (151) Interest rate lock commitments 17,463 141 (36) Interest rate swaps 236,533 13,093 (13,093) Futures 23,000 18 — Options $ 14,000 218 — Total derivatives before netting $ 342,248 $ 13,763 $ (13,280) Netting adjustment/Cash collateral (1) (12,870) 101 Carrying value on consolidated balance sheet $ 893 $ (13,179)
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 March 31, 2023 Derivative assets $ 11,868 $ (10,801) $ 1,067 Derivative liabilities (11,067) (239) (11,306) At December 31, 2022 Derivative assets $ 13,763 $ (12,870) $ 893 Derivative liabilities (13,280) 101 (13,179)
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 March 31, (in thousands) 2023 2022 Recognized in noninterest income: Net gain (loss) on loan origination and sale activities (1) $ 78 $ 4,613 Loan servicing income (loss) (2) (730) (9,439) Other (3) (1) 159 (1) Comprised of interest rate lock commitments ("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 and broker dealer counterparties.

MORTGAGE BANKING OPERATIONS (Ta

MORTGAGE BANKING OPERATIONS (Tables)	3 Months Ended
	Mar. 31, 2023
Mortgage Banking [Abstract]
Mortgage Loans on Real Estate, by Loan	LHFS consisted of the following: (in thousands) At March 31, 2023 At December 31, 2022 Single family $ 22,690 $ 14,075 CRE, multifamily and SBA 1,563 3,252 Total $ 24,253 $ 17,327 Loans sold consisted of the following for the periods indicated: Quarter Ended March 31, (in thousands) 2023 2022 Single family $ 63,473 $ 323,070 CRE, multifamily and SBA 8,750 49,137 Total $ 72,223 $ 372,207
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 March 31, (in thousands) 2023 2022 Single family $ 2,218 $ 6,169 CRE, multifamily and SBA 192 2,105 Total $ 2,410 $ 8,274
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 March 31, 2023 At December 31, 2022 Single family $ 5,424,909 $ 5,436,899 CRE, multifamily and SBA 1,917,154 1,938,484 Total $ 7,342,063 $ 7,375,383
Mortgage Repurchase Losses	The following is a summary of changes in the Company's liability for estimated single-family mortgage repurchase losses: Quarter Ended March 31, (in thousands) 2023 2022 Balance, beginning of period $ 2,232 $ 1,312 Additions, net of adjustments (1) (143) 358 Realized (losses) recoveries, net (2) (300) (32) Balance, end of period $ 1,789 $ 1,638 (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 March 31, (in thousands) 2023 2022 Servicing income, net: Servicing fees and other $ 6,669 $ 8,321 Amortization of single family MSRs (1) (1,684) (3,425) Amortization of multifamily and SBA MSRs (1,554) (1,712) Total 3,431 3,184 Risk management, single family MSRs: Changes in fair value of MSRs due to assumptions (2) (311) 10,303 Net gain (loss) from economic hedging (81) (10,183) Total (392) 120 Loan servicing income $ 3,039 $ 3,304 (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 March 31, (in thousands) 2023 2022 Beginning balance $ 76,617 $ 61,584 Additions and amortization: Originations 619 3,916 Purchases 460 — Amortization (1) (1,684) (3,425) Net additions and amortization (605) 491 Changes in fair value assumptions (2) (311) 10,303 Ending balance $ 75,701 $ 72,378 (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 March 31, (rates per annum) (1) 2023 2022 Constant prepayment rate ("CPR") (2) 11.20 % 9.38 % Discount rate 9.94 % 8.34 % (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 March 31, 2023 At December 31, 2022 Range of Inputs Average (1) Range of Inputs Average (1) CPRs 6.34% - 30.01% 6.69 % 6.01% - 11.10% 8.19 % Discount Rates 9.33% - 14.95% 10.07 % 9.74% - 16.88% 10.66 % (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 March 31, 2023 Fair value of single family MSR $ 75,701 Expected weighted-average life (in years) 8.40 CPR Impact on fair value of 25 basis points adverse change in interest rates $ (941) Impact on fair value of 50 basis points adverse change in interest rates $ (2,148) Discount rate Impact on fair value of 100 basis points increase $ (2,000) Impact on fair value of 200 basis points increase $ (4,984)
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 March 31, (in thousands) 2023 2022 Beginning balance $ 35,256 $ 39,415 Originations 137 1,576 Amortization (1,554) (1,712) Ending balance $ 33,839 $ 39,279

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table summarizes the calculation of earnings per share: Quarter Ended March 31, (in thousands, except share and per share data) 2023 2022 Net income $ 5,058 $ 19,951 Weighted average shares: Basic weighted-average number of common shares outstanding 18,755,453 19,585,753 Dilutive effect of outstanding common stock equivalents 16,446 206,160 Diluted weighted-average number of common shares outstanding 18,771,899 19,791,913 Net income per share: Basic earnings per share $ 0.27 $ 1.02 Diluted earnings per share 0.27 1.01 (1) Excluded from the computation of diluted earnings per share (due to their antidilutive effect) for the quarter ended March 31, 2023 and 2022 were certain unvested RSUs and PSUs. Based on a weighted average basis, 251,821 and 13,040 unvested stock units convertible into shares

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	3 Months Ended
	Mar. 31, 2023
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 6 , 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. IRLC 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 March 31, 2023 (in thousands) Fair Value Level 1 Level 2 Level 3 Assets: Trading securities - U.S. Treasury securities $ 62,044 $ 62,044 $ — $ — Investment securities AFS Mortgage backed securities: Residential 200,658 — 198,694 1,964 Commercial 54,230 — 54,230 — Collateralized mortgage obligations: Residential 553,234 — 553,234 — Commercial 70,777 — 70,777 — Municipal bonds 413,658 — 413,658 — Corporate debt securities 41,302 — 41,236 66 U.S. Treasury securities 20,319 — 20,319 — Agency debentures 58,359 — 58,359 — Single family LHFS 22,690 — 22,690 — Single family LHFI 5,231 — — 5,231 Single family mortgage servicing rights 75,701 — — 75,701 Derivatives Futures 34 34 — — Forward sale commitments 229 — 229 — Options 503 503 — — Interest rate lock commitments 398 — — 398 Interest rate swaps 10,704 — 10,704 — Total assets $ 1,590,071 $ 62,581 $ 1,444,130 $ 83,360 Liabilities: Derivatives Forward sale commitments $ 326 $ — $ 326 $ — Interest rate lock commitments 36 — — 36 Interest rate swaps 10,705 — 10,705 — Total liabilities $ 11,067 $ — $ 11,031 $ 36 At December 31, 2022 (in thousands) Fair Value Level 1 Level 2 Level 3 Assets: Trading securities - U.S. Treasury securities $ 18,997 $ 18,997 $ — $ — Investment securities AFS Mortgage backed securities: Residential 197,262 — 195,321 1,941 Commercial 56,049 — 56,049 — Collateralized mortgage obligations: Residential 553,039 — 553,039 — Commercial 70,519 — 70,519 — Municipal bonds 411,548 — 411,548 — Corporate debt securities 42,945 — 42,877 68 U.S. Treasury securities 19,934 — 19,934 — Agency debentures 27,478 — 27,478 — Single family LHFS 14,075 — 14,075 — Single family LHFI 5,868 — — 5,868 Single family mortgage servicing rights 76,617 — — 76,617 Derivatives Futures 18 18 — — Options 218 218 — Forward sale commitments 293 — 293 — Interest rate lock commitments 141 — — 141 Interest rate swaps 13,093 — 13,093 — Total assets $ 1,508,094 $ 19,233 $ 1,404,226 $ 84,635 Liabilities: Derivatives Forward sale commitments $ 151 $ — $ 151 $ — Interest rate lock commitments 36 — — 36 Interest rate swaps 13,093 — 13,093 — Total liabilities $ 13,280 $ — $ 13,244 $ 36
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 March 31, 2023 Investment securities AFS $ 2,030 Income approach Implied spread to benchmark interest rate curve 2.00% 2.00% 2.00% Single family LHFI 5,231 Income approach Implied spread to benchmark interest rate curve 3.18% 5.44% 4.02% Interest rate lock commitments, net 362 Income approach Fall-out factor 0.07% 22.60% 9.07% Value of servicing 0.59% 1.19% 0.88% December 31, 2022 Investment securities AFS $ 2,009 Income approach Implied spread to benchmark interest rate curve 2.00% 2.00% 2.00% Single family LHFI 5,868 Income approach Implied spread to benchmark interest rate curve 2.87% 5.15% 4.14% Interest rate lock commitments, net 105 Income approach Fall-out factor 0.10% 17.50% 6.43% Value of servicing 0.54% 1.11% 0.95%
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 March 31, 2023 Investment securities AFS $ 2,009 $ — $ — $ (48) $ 69 $ 2,030 Single family LHFI 5,868 — — (682) 45 5,231 Quarter Ended March 31, 2022 Investment securities AFS $ 2,482 $ — $ — $ (48) $ (127) $ 2,307 Single family LHFI 7,287 — — — (306) 6,981 (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 March 31, (in thousands) 2023 2022 Beginning balance, net $ 105 $ 2,484 Total realized/unrealized gains (losses) 919 (2,177) Settlements (662) (229) Ending balance, net $ 362 $ 78
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 Ended March 31, 2023 LHFI (1) $ 3,793 $ (159) At or for the Quarter Ended March 31, 2022 LHFI (1) $ 904 $ 10 (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 March 31, 2023 (in thousands) Carrying Fair Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 377,031 $ 377,031 $ 377,031 $ — $ — Investment securities HTM 2,423 2,387 — 2,387 — LHFI 7,439,651 7,150,665 — — 7,150,665 LHFS – multifamily and other 1,563 1,563 — 1,563 — Mortgage servicing rights – multifamily and SBA 33,839 38,629 — — 38,629 Federal Home Loan Bank stock 73,191 73,191 — 73,191 — Other assets - GNMA EBO loans 5,682 5,682 — — 5,682 Liabilities: Certificates of deposit $ 2,660,243 $ 2,634,872 $ — $ 2,634,872 $ — Borrowings 1,878,000 1,881,721 1,881,721 Long-term debt 224,492 200,770 — 200,770 — At December 31, 2022 (in thousands) Carrying Fair Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 72,828 $ 72,828 $ 72,828 $ — $ — Investment securities HTM 2,441 2,385 — 2,385 — LHFI 7,378,952 6,988,363 — — 6,988,363 LHFS – multifamily and other 3,252 3,291 — 3,291 — Mortgage servicing rights – multifamily and SBA 35,256 39,792 — — 39,792 Federal Home Loan Bank stock 49,305 49,305 — 49,305 — Other assets-GNMA EBO loans 6,918 6,918 — — 6,918 Liabilities: Certificates of deposit $ 2,943,331 $ 2,910,301 $ — $ 2,910,301 $ — Borrowings 1,016,000 1,014,973 — 1,014,973 — Long-term debt 224,404 202,338 — 202,338 —
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 March 31, 2023 At December 31, 2022 (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 $ 22,690 $ 22,243 $ 447 $ 14,075 $ 13,914 $ 161

BORROWINGS (Tables)

BORROWINGS (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of loans from FHLB	The balances, maturity and rate of the outstanding borrowings from the FHLB and the FRB BTFP were as follows at March 31, 2023: (dollars in thousands) Amount Weighted Average Rate Within one year $ 878,000 4.84 % One to three years 450,000 4.56 % Three through five years 550,000 4.35 % Total $ 1,878,000 4.63 %

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Millions		3 Months Ended
	Feb. 10, 2023 USD ($) branch	Mar. 31, 2023 segment
Asset Acquisition [Line Items]
Number of reporting segments | segment		1
California | Three Branches Purchase
Asset Acquisition [Line Items]
Number of branches purchased | branch	3
Deposit liabilities assumed	$ 373
Acquired receivables	21
Goodwill	12
Intangible assets acquired	$ 11

INVESTMENT SECURITIES - Unreali

INVESTMENT SECURITIES - Unrealized Gain/Loss on Investment (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
AFS
Amortized cost	$ 1,526,127	$ 1,509,736
Gross unrealized gains	412	135
Gross unrealized losses	(114,002)	(131,097)
Fair value	1,412,537	1,378,774
Residential mortgage-backed securities
AFS
Amortized cost	209,773	207,445
Gross unrealized gains	62	0
Gross unrealized losses	(9,177)	(10,183)
Fair value	200,658	197,262
Commercial mortgage-backed securities
AFS
Amortized cost	62,567	65,411
Gross unrealized gains	0	0
Gross unrealized losses	(8,337)	(9,362)
Fair value	54,230	56,049
Residential collateralized mortgage obligations
AFS
Amortized cost	587,455	592,449
Gross unrealized gains	56	12
Gross unrealized losses	(34,277)	(39,422)
Fair value	553,234	553,039
Commercial collateralized mortgage obligations
AFS
Amortized cost	76,777	77,909
Gross unrealized gains	0	0
Gross unrealized losses	(6,000)	(7,390)
Fair value	70,777	70,519
Municipal bonds
AFS
Amortized cost	462,261	469,346
Gross unrealized gains	294	41
Gross unrealized losses	(48,897)	(57,839)
Fair value	413,658	411,548
HTM
Amortized cost	2,423	2,441
Gross unrealized gains	0	0
Gross unrealized losses	(36)	(56)
Fair value	2,387	2,385
Corporate debt securities
AFS
Amortized cost	45,835	46,672
Gross unrealized gains	0	74
Gross unrealized losses	(4,533)	(3,801)
Fair value	41,302	42,945
U.S. Treasury securities
AFS
Amortized cost	22,920	23,005
Gross unrealized gains	0	0
Gross unrealized losses	(2,601)	(3,071)
Fair value	20,319	19,934
Agency debentures
AFS
Amortized cost	58,539	27,499
Gross unrealized gains	0	8
Gross unrealized losses	(180)	(29)
Fair value	$ 58,359	$ 27,478

INVESTMENT SECURITIES - Continu

INVESTMENT SECURITIES - Continuous Unrealized Loss on Investment (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
AFS
AFS, Less than 12 months, Gross unrealized losses	$ (18,621)	$ (95,493)
AFS, Less than 12 months, Fair value	661,841	1,187,577
AFS, Twelve months or more, Gross unrealized losses	(95,381)	(35,604)
AFS, Twelve months or more, Fair value	680,910	146,230
AFS, Total, Gross unrealized losses	(114,002)	(131,097)
AFS, Total, Fair value	1,342,751	1,333,807
Residential mortgage-backed securities
AFS
AFS, Less than 12 months, Gross unrealized losses	(6,312)	(8,845)
AFS, Less than 12 months, Fair value	168,313	191,398
AFS, Twelve months or more, Gross unrealized losses	(2,865)	(1,338)
AFS, Twelve months or more, Fair value	22,732	5,763
AFS, Total, Gross unrealized losses	(9,177)	(10,183)
AFS, Total, Fair value	191,045	197,161
Commercial mortgage-backed securities
AFS
AFS, Less than 12 months, Gross unrealized losses	(194)	(5,729)
AFS, Less than 12 months, Fair value	3,226	41,416
AFS, Twelve months or more, Gross unrealized losses	(8,143)	(3,633)
AFS, Twelve months or more, Fair value	50,990	14,619
AFS, Total, Gross unrealized losses	(8,337)	(9,362)
AFS, Total, Fair value	54,216	56,035
Residential collateralized mortgage obligations
AFS
AFS, Less than 12 months, Gross unrealized losses	(8,414)	(27,789)
AFS, Less than 12 months, Fair value	342,128	498,333
AFS, Twelve months or more, Gross unrealized losses	(25,863)	(11,633)
AFS, Twelve months or more, Fair value	184,686	45,689
AFS, Total, Gross unrealized losses	(34,277)	(39,422)
AFS, Total, Fair value	526,814	544,022
Commercial collateralized mortgage obligations
AFS
AFS, Less than 12 months, Gross unrealized losses	(146)	(4,787)
AFS, Less than 12 months, Fair value	9,071	56,671
AFS, Twelve months or more, Gross unrealized losses	(5,854)	(2,603)
AFS, Twelve months or more, Fair value	61,707	13,848
AFS, Total, Gross unrealized losses	(6,000)	(7,390)
AFS, Total, Fair value	70,778	70,519
Municipal bonds
AFS
AFS, Less than 12 months, Gross unrealized losses	(1,825)	(44,513)
AFS, Less than 12 months, Fair value	52,931	350,918
AFS, Twelve months or more, Gross unrealized losses	(47,072)	(13,326)
AFS, Twelve months or more, Fair value	326,987	46,377
AFS, Total, Gross unrealized losses	(48,897)	(57,839)
AFS, Total, Fair value	379,918	397,295
HTM
HFM, Less than 12 months, Gross unrealized losses	(36)	(56)
HFM, Less than 12 months, Fair value	2,387	2,385
HFM, 12 months or more, Gross unrealized losses	0	0
HFM, 12 months or more, Fair value	0	0
HFM, Total, Gross unrealized losses	(36)	(56)
HTM, Total, Fair value	2,387	2,385
Corporate debt securities
AFS
AFS, Less than 12 months, Gross unrealized losses	(1,550)	(3,801)
AFS, Less than 12 months, Fair value	27,813	32,871
AFS, Twelve months or more, Gross unrealized losses	(2,983)	0
AFS, Twelve months or more, Fair value	13,489	0
AFS, Total, Gross unrealized losses	(4,533)	(3,801)
AFS, Total, Fair value	41,302	32,871
U.S. Treasury securities
AFS
AFS, Less than 12 months, Gross unrealized losses	0	0
AFS, Less than 12 months, Fair value	0	0
AFS, Twelve months or more, Gross unrealized losses	(2,601)	(3,071)
AFS, Twelve months or more, Fair value	20,319	19,934
AFS, Total, Gross unrealized losses	(2,601)	(3,071)
AFS, Total, Fair value	20,319	19,934
Agency debentures
AFS
AFS, Less than 12 months, Gross unrealized losses	(180)	(29)
AFS, Less than 12 months, Fair value	58,359	15,970
AFS, Twelve months or more, Gross unrealized losses	0	0
AFS, Twelve months or more, Fair value	0	0
AFS, Total, Gross unrealized losses	(180)	(29)
AFS, Total, Fair value	$ 58,359	$ 15,970

INVESTMENT SECURITIES - Narrati

INVESTMENT SECURITIES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Trading gain (losses) recorded in servicing income	$ 0.6	$ (0.7)
Tax exempt interest income on available-for-sale securities	$ 2.8	$ 2.7
Mortgage Backed Securities and Collateralized Mortgage Obligations
Debt Securities, Available-for-sale [Line Items]
Weighted average yield	3.15%		3.08%
US Treasury Notes Securities | Not Designated as Hedging Instrument, Economic Hedge
Debt Securities, Available-for-sale [Line Items]
Trading securities	$ 62		$ 19

INVESTMENT SECURITIES - Weighte

INVESTMENT SECURITIES - Weighted Average Yield (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
AFS
Fair value	$ 1,412,537	$ 1,378,774
Total
AFS
Due within one year, Fair value	$ 19,972	$ 10,485
Weighted Average Yield, due within one year	4.45%	4.74%
Due in one through five years, Fair value	$ 56,639	$ 35,979
Weighted Average Yield, due after one year through five years	5.05%	4.69%
Due after five years through ten years, Fair value	$ 99,444	$ 86,514
Weighted Average Yield, due after five years through ten years	3%	2.97%
Due after 10 years, Fair value	$ 357,583	$ 368,927
Weighted Average Yield, due after ten years	2.73%	2.83%
Fair value	$ 533,638	$ 501,905
Weighted Average Yield, Total	3.07%	3.01%
Municipal bonds
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	$ 3,763	$ 3,644
Weighted Average Yield, due after one year through five years	2.02%	1.96%
Due after five years through ten years, Fair value	$ 52,312	$ 38,977
Weighted Average Yield, due after five years through ten years	3.13%	3.04%
Due after 10 years, Fair value	$ 357,583	$ 368,927
Weighted Average Yield, due after ten years	2.73%	2.83%
Fair value	$ 413,658	$ 411,548
Weighted Average Yield, Total	2.78%	2.84%
HTM
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	$ 2,387	$ 2,385
Weighted Average Yield, due after one year through five years	1.84%	2.04%
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	$ 2,387	$ 2,385
Weighted Average Yield, Total	1.84%	2.04%
Corporate debt securities
AFS
Due within one year, Fair value	$ 4,500	$ 0
Weighted Average Yield, due within one year	3.49%	0%
Due in one through five years, Fair value	$ 9,989	$ 15,342
Weighted Average Yield, due after one year through five years	5.99%	5.13%
Due after five years through ten years, Fair value	$ 26,813	$ 27,603
Weighted Average Yield, due after five years through ten years	4.12%	4.25%
Due after 10 years, Fair value	$ 0	$ 0
Weighted Average Yield, due after ten years	0%	0%
Fair value	$ 41,302	$ 42,945
Weighted Average Yield, Total	4.47%	4.54%
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	$ 20,319	$ 19,934
Weighted Average Yield, due after five years through ten years	1.14%	1.11%
Due after 10 years, Fair value	$ 0	$ 0
Weighted Average Yield, due after ten years	0%	0%
Fair value	$ 20,319	$ 19,934
Weighted Average Yield, Total	1.14%	1.11%
Agency debentures
AFS
Due within one year, Fair value	$ 15,472	$ 10,485
Weighted Average Yield, due within one year	4.74%	4.74%
Due in one through five years, Fair value	$ 42,887	$ 16,993
Weighted Average Yield, due after one year through five years	5.12%	4.94%
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 10 years, Fair value	$ 0	$ 0
Weighted Average Yield, due after ten years	0%	0%
Fair value	$ 58,359	$ 27,478
Weighted Average Yield, Total	5.02%	4.86%

INVESTMENT SECURITIES - Realize

INVESTMENT SECURITIES - Realized Gain/Loss on Investment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Proceeds	$ 4,693	$ 962
Gross gains	3	71
Gross losses	$ 0	$ 0

INVESTMENT SECURITIES - Pledged

INVESTMENT SECURITIES - Pledged to Secure Borrowings and Public Deposits (Details) - Asset Pledged as Collateral without Right - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Total securities pledged as collateral	$ 519,964	$ 214,817
Deposits
Debt Securities, Available-for-sale [Line Items]
Federal Reserve Bank to secure borrowings	315,244	0
Washington, Oregon and California to secure public deposits	203,201	212,806
Notes Payable, Other Payables
Debt Securities, Available-for-sale [Line Items]
Other securities pledged	$ 1,519	$ 2,011

LOANS AND CREDIT QUALITY - Narr

LOANS AND CREDIT QUALITY - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) portfolioSegment	Dec. 31, 2022 USD ($)
Financing Receivable, Impaired [Line Items]
Number of portfolio segments | portfolioSegment	2
Loans held for investment ("LHFI")	$ 7,444,882	$ 7,384,820
Allowance for unfunded commitments	2,200	2,200
Accrued interest receivable	$ 27,600	$ 26,900
California | Multifamily
Financing Receivable, Impaired [Line Items]
Percentage of loan portfolio		36%
California | Single and Multifamily Residental
Financing Receivable, Impaired [Line Items]
Percentage of loan portfolio	36%
Washington | Single and Multifamily Residental
Financing Receivable, Impaired [Line Items]
Percentage of loan portfolio	10%
Federal Home Loan Bank Advances | Asset Pledged as Collateral without Right
Financing Receivable, Impaired [Line Items]
Loans held for investment ("LHFI")	$ 5,700,000	$ 5,200,000
Federal Reserve Bank Advances | Asset Pledged as Collateral without Right
Financing Receivable, Impaired [Line Items]
Loans held for investment ("LHFI")	$ 562,000	$ 497,000

LOANS AND CREDIT QUALITY - Loan

LOANS AND CREDIT QUALITY - Loans Held for Investment (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Loans held for investment
Loans held for investment	$ 7,486,382	$ 7,426,320
Allowance for credit losses	(41,500)	(41,500)	$ (37,944)	$ (47,123)
Loans held for investment less allowance for credit losses	7,444,882	7,384,820
Recurring
Loans held for investment
Single family LHFI	5,231	5,868
Recurring | Level 3
Loans held for investment
Single family LHFI	5,231	5,868
Commercial loans
Loans held for investment
Loans held for investment	6,066,481	6,064,612
Commercial loans | Real Estate Sector
Loans held for investment
Loans held for investment	5,235,497	5,261,502
Allowance for credit losses	(27,680)	(27,859)	(20,086)	(21,486)
Commercial loans | Commercial and Industrial Sector
Loans held for investment
Loans held for investment	830,984	803,110
Allowance for credit losses	(4,326)	(4,277)	(10,446)	(17,279)
Commercial loans | Non-owner occupied CRE
Loans held for investment
Loans held for investment	652,284	658,085
Allowance for credit losses	(2,608)	(2,102)	(2,294)	(7,509)
Commercial loans | Multifamily
Loans held for investment
Loans held for investment	3,975,654	3,975,754
Allowance for credit losses	(9,787)	(10,974)	(8,427)	(5,854)
Commercial loans | Construction/land development
Loans held for investment
Loans held for investment	607,559	627,663
Commercial loans | Owner occupied CRE
Loans held for investment
Loans held for investment	438,147	443,363
Allowance for credit losses	(910)	(1,030)	(3,536)	(5,006)
Commercial loans | Commercial business
Loans held for investment
Loans held for investment	392,837	359,747
Allowance for credit losses	(3,416)	(3,247)	(6,910)	(12,273)
Consumer loans
Loans held for investment
Loans held for investment	1,419,901	1,361,708
Allowance for credit losses	(9,494)	(9,364)	(7,412)	(8,358)
Consumer loans | Single family
Loans held for investment
Loans held for investment	1,057,579	1,009,001
Allowance for credit losses	(5,804)	(5,610)	(3,762)	(4,394)
Consumer loans | Home equity and other
Loans held for investment
Loans held for investment	362,322	352,707
Allowance for credit losses	$ (3,690)	$ (3,754)	$ (3,650)	$ (3,964)

LOANS AND CREDIT QUALITY - Allo

LOANS AND CREDIT QUALITY - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
ACL for LHFI
Beginning balance	$ 41,500	$ 47,123
Provision for credit losses	589	(9,223)
Net (charge-offs) recoveries	(589)	44
Ending balance	41,500	37,944
Allowance for unfunded commitments:
Beginning balance	2,197	2,404
Provision for credit losses	4	223
Ending balance	2,201	2,627
Provision for credit losses:
Allowance for credit losses - loans	589	(9,223)
Allowance for unfunded commitments	4	223
Total	$ 593	$ (9,000)

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
	Mar. 31, 2023	Mar. 31, 2022
Allowance for credit losses by loan portfolio
Beginning balance	$ 41,500	$ 47,123
Charge-offs	(683)	(44)
Recoveries	94	88
Provision	589	(9,223)
Ending balance	41,500	37,944
Commercial loans | Real Estate Sector
Allowance for credit losses by loan portfolio
Beginning balance	27,859	21,486
Charge-offs	0	0
Recoveries	0	0
Provision	(179)	(1,400)
Ending balance	27,680	20,086
Commercial loans | Commercial and Industrial Sector
Allowance for credit losses by loan portfolio
Beginning balance	4,277	17,279
Charge-offs	(633)	(11)
Recoveries	24	24
Provision	658	(6,846)
Ending balance	4,326	10,446
Commercial loans | Non-owner occupied CRE
Allowance for credit losses by loan portfolio
Beginning balance	2,102	7,509
Charge-offs	0	0
Recoveries	0	0
Provision	506	(5,215)
Ending balance	2,608	2,294
Commercial loans | Multifamily
Allowance for credit losses by loan portfolio
Beginning balance	10,974	5,854
Charge-offs	0	0
Recoveries	0	0
Provision	(1,187)	2,573
Ending balance	9,787	8,427
Commercial loans | Multifamily construction
Allowance for credit losses by loan portfolio
Beginning balance	998	507
Charge-offs	0	0
Recoveries	0	0
Provision	347	(51)
Ending balance	1,345	456
Commercial loans | CRE construction
Allowance for credit losses by loan portfolio
Beginning balance	196	150
Charge-offs	0	0
Recoveries	0	0
Provision	8	34
Ending balance	204	184
Commercial loans | Single family construction
Allowance for credit losses by loan portfolio
Beginning balance	12,418	6,411
Charge-offs	0	0
Recoveries	0	0
Provision	107	1,324
Ending balance	12,525	7,735
Commercial loans | Single family construction to permanent
Allowance for credit losses by loan portfolio
Beginning balance	1,171	1,055
Charge-offs	0	0
Recoveries	0	0
Provision	40	(65)
Ending balance	1,211	990
Commercial loans | Owner occupied CRE
Allowance for credit losses by loan portfolio
Beginning balance	1,030	5,006
Charge-offs	0	0
Recoveries	0	0
Provision	(120)	(1,470)
Ending balance	910	3,536
Commercial loans | Commercial business
Allowance for credit losses by loan portfolio
Beginning balance	3,247	12,273
Charge-offs	(633)	(11)
Recoveries	24	24
Provision	778	(5,376)
Ending balance	3,416	6,910
Consumer loans
Allowance for credit losses by loan portfolio
Beginning balance	9,364	8,358
Charge-offs	(50)	(33)
Recoveries	70	64
Provision	110	(977)
Ending balance	9,494	7,412
Consumer loans | Single family
Allowance for credit losses by loan portfolio
Beginning balance	5,610	4,394
Charge-offs	0	0
Recoveries	15	4
Provision	179	(636)
Ending balance	5,804	3,762
Consumer loans | Home equity and other
Allowance for credit losses by loan portfolio
Beginning balance	3,754	3,964
Charge-offs	(50)	(33)
Recoveries	55	60
Provision	(69)	(341)
Ending balance	$ 3,690	$ 3,650

LOANS AND CREDIT QUALITY - Lo_2

LOANS AND CREDIT QUALITY - Loans Credit Quality by Year and Type (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	$ 70,748	$ 2,544,193
Financing receivable, year two	2,569,484	1,797,256
Financing receivable, year three	1,782,682	875,008
Financing receivable, year four	850,295	533,369
Financing receivable, year five	527,824	255,162
Financing receivable, prior to year five	1,052,233	814,005
Revolving	622,551	599,278
Revolving-term	10,565	8,049
Total	7,486,382	7,426,320
Recurring
Financing Receivable, before Allowance for Credit Loss [Abstract]
Single family LHFI	5,231	5,868
Level 3 | Recurring
Financing Receivable, before Allowance for Credit Loss [Abstract]
Single family LHFI	5,231	5,868
30-59 days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	4,844	4,823
60-89 days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	1,899	2,020
90+ days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Total	11,259	4,372
Commercial loans
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	62,897	2,266,245
Financing receivable, year two	2,282,679	1,542,597
Financing receivable, year three	1,498,745	722,015
Financing receivable, year four	693,668	483,627
Financing receivable, year five	478,230	210,966
Financing receivable, prior to year five	772,431	577,415
Revolving	274,721	257,715
Revolving-term	3,110	4,032
Total	6,066,481	6,064,612
Commercial loans | Non-owner occupied CRE
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	1,542	68,301
Financing receivable, year two	68,246	68,356
Financing receivable, year three	68,280	42,181
Financing receivable, year four	41,870	139,760
Financing receivable, year five	139,021	89,899
Financing receivable, prior to year five	332,203	246,786
Revolving	1,122	2,016
Revolving-term	0	786
Total	652,284	658,085
Commercial loans | Non-owner occupied CRE | Pass
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	1,542	68,301
Financing receivable, year two	68,246	68,356
Financing receivable, year three	68,280	42,181
Financing receivable, year four	41,870	139,760
Financing receivable, year five	138,583	87,197
Financing receivable, prior to year five	302,871	242,544
Revolving	1,122	2,016
Revolving-term	0	786
Total	622,514	651,141
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	2,702
Financing receivable, prior to year five	29,332	4,242
Revolving	0	0
Revolving-term	0	0
Total	29,332	6,944
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	438	0
Financing receivable, prior to year five	0	0
Revolving	0	0
Revolving-term	0	0
Total	438	0
Commercial loans | Multifamily
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	15,923	1,828,568
Financing receivable, year two	1,826,992	1,165,434
Financing receivable, year three	1,159,589	532,970
Financing receivable, year four	527,389	241,808
Financing receivable, year five	240,814	59,340
Financing receivable, prior to year five	204,947	147,634
Revolving	0	0
Revolving-term	0	0
Total	3,975,654	3,975,754
Commercial loans | Multifamily | Pass
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	15,923	1,828,568
Financing receivable, year two	1,826,992	1,165,434
Financing receivable, year three	1,159,589	528,077
Financing receivable, year four	522,497	221,974
Financing receivable, year five	238,448	59,340
Financing receivable, prior to year five	197,486	140,126
Revolving	0	0
Revolving-term	0	0
Total	3,960,935	3,943,519
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	0	4,893
Financing receivable, year four	4,892	19,834
Financing receivable, year five	2,366	0
Financing receivable, prior to year five	7,461	7,508
Revolving	0	0
Revolving-term	0	0
Total	14,719	32,235
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	(222)	18,110
Financing receivable, year two	23,795	63,394
Financing receivable, year three	71,396	13,613
Financing receivable, year four	14,164	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	0	0
Revolving	0	0
Revolving-term	0	0
Total	109,133	95,117
Commercial loans | Multifamily construction | Pass
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	(222)	18,110
Financing receivable, year two	23,795	63,394
Financing receivable, year three	71,396	13,613
Financing receivable, year four	14,164	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	0	0
Revolving	0	0
Revolving-term	0	0
Total	109,133	95,117
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	341
Financing receivable, year two	1,713	14,348
Financing receivable, year three	14,416	3,960
Financing receivable, year four	3,958	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	0	305
Revolving	0	0
Revolving-term	0	0
Total	20,087	18,954
Commercial loans | CRE construction | Pass
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	341
Financing receivable, year two	1,713	14,348
Financing receivable, year three	14,416	3,960
Financing receivable, year four	3,958	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	0	305
Revolving	0	0
Revolving-term	0	0
Total	20,087	18,954
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	22,174	149,133
Financing receivable, year two	140,812	57,718
Financing receivable, year three	36,106	24,807
Financing receivable, year four	10,748	519
Financing receivable, year five	0	0
Financing receivable, prior to year five	74	74
Revolving	117,718	123,303
Revolving-term	0	0
Total	327,632	355,554
Commercial loans | Single family construction | Pass
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	22,174	149,133
Financing receivable, year two	140,812	50,936
Financing receivable, year three	30,374	24,807
Financing receivable, year four	10,748	519
Financing receivable, year five	0	0
Financing receivable, prior to year five	74	74
Revolving	117,718	123,303
Revolving-term	0	0
Total	321,900	348,772
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	6,782
Financing receivable, year three	5,732	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	5,732	6,782
Commercial loans | Single family construction to permanent
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	3,874	66,034
Financing receivable, year two	84,818	76,814
Financing receivable, year three	54,059	11,128
Financing receivable, year four	5,253	3,268
Financing receivable, year five	2,186	794
Financing receivable, prior to year five	517	0
Revolving	0	0
Revolving-term	0	0
Total	150,707	158,038
Commercial loans | Single family construction to permanent | Current
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	3,874	66,034
Financing receivable, year two	84,818	76,814
Financing receivable, year three	54,059	11,128
Financing receivable, year four	5,253	3,268
Financing receivable, year five	2,186	794
Financing receivable, prior to year five	517	0
Revolving	0	0
Revolving-term	0	0
Total	150,707	158,038
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	3,908	70,192
Financing receivable, year two	71,215	52,662
Financing receivable, year three	51,915	44,778
Financing receivable, year four	42,620	71,652
Financing receivable, year five	70,651	44,785
Financing receivable, prior to year five	196,751	158,187
Revolving	2	3
Revolving-term	1,085	1,104
Total	438,147	443,363
Commercial loans | Owner occupied CRE | Pass
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	3,908	70,192
Financing receivable, year two	69,709	51,919
Financing receivable, year three	51,178	44,778
Financing receivable, year four	42,620	71,652
Financing receivable, year five	70,651	36,457
Financing receivable, prior to year five	176,851	139,691
Revolving	2	3
Revolving-term	1,085	1,104
Total	416,004	415,796
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	1,506	743
Financing receivable, year three	737	0
Financing receivable, year four	0	0
Financing receivable, year five	0	6,179
Financing receivable, prior to year five	12,915	13,485
Revolving	0	0
Revolving-term	0	0
Total	15,158	20,407
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	0
Financing receivable, year four	0	0
Financing receivable, year five	0	2,149
Financing receivable, prior to year five	6,985	5,011
Revolving	0	0
Revolving-term	0	0
Total	6,985	7,160
Commercial loans | Commercial business
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	15,698	65,566
Financing receivable, year two	65,088	43,871
Financing receivable, year three	42,984	48,578
Financing receivable, year four	47,666	26,620
Financing receivable, year five	25,558	16,148
Financing receivable, prior to year five	37,939	24,429
Revolving	155,879	132,393
Revolving-term	2,025	2,142
Total	392,837	359,747
Commercial loans | Commercial business | Pass
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	15,698	65,566
Financing receivable, year two	53,476	42,921
Financing receivable, year three	38,338	45,940
Financing receivable, year four	45,115	18,594
Financing receivable, year five	17,838	13,548
Financing receivable, prior to year five	30,257	18,779
Revolving	152,482	130,427
Revolving-term	1,743	2,041
Total	354,947	337,816
Commercial loans | Commercial business | Special Mention
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	11,612	612
Financing receivable, year three	3,650	0
Financing receivable, year four	0	3,577
Financing receivable, year five	3,765	9
Financing receivable, prior to year five	3,093	3,444
Revolving	1,935	403
Revolving-term	190	0
Total	24,245	8,045
Commercial loans | Commercial business | Substandard
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	0	338
Financing receivable, year three	996	2,638
Financing receivable, year four	2,551	4,449
Financing receivable, year five	3,955	2,591
Financing receivable, prior to year five	4,589	2,206
Revolving	1,462	1,563
Revolving-term	92	101
Total	13,645	13,886
Consumer loans
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	7,851	277,948
Financing receivable, year two	286,805	254,659
Financing receivable, year three	283,937	152,993
Financing receivable, year four	156,627	49,742
Financing receivable, year five	49,594	44,196
Financing receivable, prior to year five	279,802	236,590
Revolving	347,830	341,563
Revolving-term	7,455	4,017
Total	1,419,901	1,361,708
Consumer loans | Single family
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	7,309	273,786
Financing receivable, year two	283,042	253,937
Financing receivable, year three	283,329	152,773
Financing receivable, year four	156,430	49,592
Financing receivable, year five	49,480	44,124
Financing receivable, prior to year five	277,989	234,789
Revolving	0	0
Revolving-term	0	0
Total	1,057,579	1,009,001
Consumer loans | Single family | Current
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	7,309	273,786
Financing receivable, year two	283,042	253,937
Financing receivable, year three	283,329	152,773
Financing receivable, year four	156,430	49,302
Financing receivable, year five	48,645	43,511
Financing receivable, prior to year five	272,582	231,277
Revolving	0	0
Revolving-term	0	0
Total	1,051,337	1,004,586
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	0
Financing receivable, year four	0	0
Financing receivable, year five	545	340
Financing receivable, prior to year five	2,020	2,113
Revolving	0	0
Revolving-term	0	0
Total	2,565	2,453
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	0
Financing receivable, prior to year five	539	258
Revolving	0	0
Revolving-term	0	0
Total	539	258
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	0
Financing receivable, year four	0	290
Financing receivable, year five	290	273
Financing receivable, prior to year five	2,848	1,141
Revolving	0	0
Revolving-term	0	0
Total	3,138	1,704
Consumer loans | Home equity and other
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	542	4,162
Financing receivable, year two	3,763	722
Financing receivable, year three	608	220
Financing receivable, year four	197	150
Financing receivable, year five	114	72
Financing receivable, prior to year five	1,813	1,801
Revolving	347,830	341,563
Revolving-term	7,455	4,017
Total	362,322	352,707
Consumer loans | Home equity and other | Current
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	542	4,156
Financing receivable, year two	3,693	692
Financing receivable, year three	601	220
Financing receivable, year four	197	150
Financing receivable, year five	114	72
Financing receivable, prior to year five	1,788	1,593
Revolving	346,770	340,567
Revolving-term	7,379	4,017
Total	361,084	351,467
Consumer loans | Home equity and other | 30-59 days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	10	6
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	9
Revolving	620	446
Revolving-term	58	0
Total	688	461
Consumer loans | Home equity and other | 60-89 days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	6
Financing receivable, year two	28	24
Financing receivable, year three	7	0
Financing receivable, year four	0	0
Financing receivable, year five	0	0
Financing receivable, prior to year five	0	48
Revolving	53	517
Revolving-term	8	0
Total	96	595
Consumer loans | Home equity and other | 90+ days
Financing Receivable, before Allowance for Credit Loss [Abstract]
Financing receivable, year one	0	0
Financing receivable, year two	32	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	25	151
Revolving	387	33
Revolving-term	10	0
Total	$ 454	$ 184

LOANS AND CREDIT QUALITY - Gros

LOANS AND CREDIT QUALITY - Gross Charge-offs by Year and Type (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, year one, Gross charge-offs	$ 0
Financing receivable, year two, Gross charge-offs	(6)
Financing receivable, year three, Gross charge-offs	(187)
Financing receivable, year four, Gross charge-offs	0
Financing receivable, year five, Gross charge-offs	(459)
Financing receivable, prior to year five, Gross charge-offs	0
Revolving	(31)
Revolving-term	0
Charge-offs	(683)	$ (44)
Consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
Charge-offs	(50)	(33)
Consumer loans | Home equity and other
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, year one, Gross charge-offs	0
Financing receivable, year two, Gross charge-offs	(6)
Financing receivable, year three, Gross charge-offs	(13)
Financing receivable, year four, Gross charge-offs	0
Financing receivable, year five, Gross charge-offs	0
Financing receivable, prior to year five, Gross charge-offs	0
Revolving	(31)
Revolving-term	0
Charge-offs	(50)	(33)
Commercial loans | Commercial business
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, year one, Gross charge-offs	0
Financing receivable, year two, Gross charge-offs	0
Financing receivable, year three, Gross charge-offs	(174)
Financing receivable, year four, Gross charge-offs	0
Financing receivable, year five, Gross charge-offs	(459)
Financing receivable, prior to year five, Gross charge-offs	0
Revolving	0
Revolving-term	0
Charge-offs	$ (633)	$ (11)

LOANS AND CREDIT QUALITY - Coll

LOANS AND CREDIT QUALITY - Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 7,486,382	$ 7,426,320
Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	6,066,481	6,064,612
Commercial loans | Commercial and Industrial Sector
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	830,984	803,110
Commercial loans | Owner occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	438,147	443,363
Commercial loans | Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	392,837	359,747
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	1,419,901	1,361,708
Consumer loans | Single family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	1,057,579	1,009,001
Consumer loans | Home equity and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	362,322	352,707
Total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	9,033
Total | Commercial loans | Commercial and Industrial Sector
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	8,186	6,331
Total | Commercial loans | Owner occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	3,668	2,521
Total | Commercial loans | Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	4,518	3,810
Total | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	847
Total | Consumer loans | Single family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	847
Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	973
Land | Commercial loans | Commercial and Industrial Sector
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	973	1,173
Land | Commercial loans | Owner occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	972	1,111
Land | Commercial loans | Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	1	62
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
1-4 Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	4,025
1-4 Family | Commercial loans | Commercial and Industrial Sector
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	3,178	3,186
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	3,178	3,186
1-4 Family | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	847
1-4 Family | Consumer loans | Single family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	847
Non-residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	3,258
Non-residential real estate | Commercial loans | Commercial and Industrial Sector
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	3,258	1,972
Non-residential real estate | Commercial loans | Owner occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	2,696	1,410
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
Other non-real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	777
Other non-real estate | Commercial loans | Commercial and Industrial Sector
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	777	0
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	777	$ 0
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

LOANS AND CREDIT QUALITY - Lo_3

LOANS AND CREDIT QUALITY - Loans on Nonaccrual with No Related Allowance (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with no related ACL	$ 9,260	$ 3,641
Total Nonaccrual	13,047	10,055
Commercial loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with no related ACL	8,186	3,306
Total Nonaccrual	8,186	6,790
Commercial loans | Owner occupied CRE
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with no related ACL	3,668	2,521
Total Nonaccrual		2,521
Commercial loans | Commercial business
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with no related ACL	4,518	785
Total Nonaccrual		4,269
Consumer loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with no related ACL	1,074	335
Total Nonaccrual	4,861	3,265
Consumer loans | Single family
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with no related ACL	1,071	332
Total Nonaccrual	3,999	2,584
Consumer loans | Home equity and other
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with no related ACL	3	3
Total Nonaccrual	$ 862	$ 681

LOANS AND CREDIT QUALITY - Agin

LOANS AND CREDIT QUALITY - Aging Analysis (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	$ 7,486,382	$ 7,426,320
Nonaccrual	13,047	10,055
Total past due and nonaccrual	$ 31,049	$ 21,270
Nonaccrual, percent of total loans	0.17%	0.14%
Past due and nonaccrual, percent of total loans	0.41%	0.29%
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	$ 12,300	$ 10,600
Recurring
Financing Receivable, Past Due [Line Items]
Single family LHFI	5,231	5,868
Level 3 | Recurring
Financing Receivable, Past Due [Line Items]
Single family LHFI	5,231	5,868
30-59 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	$ 4,844	$ 4,823
Past due, percent of total loans	0.06%	0.06%
60-89 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	$ 1,899	$ 2,020
Past due, percent of total loans	0.03%	0.03%
90+ days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	$ 11,259	$ 4,372
Past due, percent of total loans	0.15%	0.06%
Current
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	$ 7,455,333	$ 7,405,050
Not past due, percent of total loans	99.59%	99.71%
Commercial loans, adjusted for credit analysis | Real Estate Sector
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	$ 5,235,497	$ 5,261,502
Nonaccrual	0	0
Total past due and nonaccrual	5,732	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	5,732	0
Commercial loans, adjusted for credit analysis | Real Estate Sector | Current
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	5,229,765	5,261,502
Commercial loans, adjusted for credit analysis | Commercial and Industrial Sector
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	830,984	803,110
Nonaccrual	8,186	6,790
Total past due and nonaccrual	8,236	6,790
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	50	0
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	0	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	822,748	796,320
Commercial loans, adjusted for credit analysis | Non-owner occupied CRE
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	652,284	658,085
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	652,284	658,085
Commercial loans, adjusted for credit analysis | Multifamily
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	3,975,654	3,975,754
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	3,975,654	3,975,754
Commercial loans, adjusted for credit analysis | Multifamily construction
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	109,133	95,117
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	109,133	95,117
Commercial loans, adjusted for credit analysis | CRE construction
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	20,087	18,954
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	20,087	18,954
Commercial loans, adjusted for credit analysis | Single family construction
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	327,632	355,554
Nonaccrual	0	0
Total past due and nonaccrual	5,732	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	5,732	0
Commercial loans, adjusted for credit analysis | Single family construction | Current
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	321,900	355,554
Commercial loans, adjusted for credit analysis | Single family construction to permanent
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	150,707	158,038
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	150,707	158,038
Commercial loans, adjusted for credit analysis | Owner occupied CRE
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	438,147	443,363
Nonaccrual	3,668	2,521
Total past due and nonaccrual	3,668	2,521
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	434,479	440,842
Commercial loans, adjusted for credit analysis | Commercial business
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	392,837	359,747
Nonaccrual	4,518	4,269
Total past due and nonaccrual	4,568	4,269
Commercial loans, adjusted for credit analysis | Commercial business | 30-59 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	50	0
Commercial loans, adjusted for credit analysis | Commercial business | 60-89 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	0	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	388,269	355,478
Consumer portfolio segment, adjusted for credit analysis
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	1,419,901	1,361,708
Nonaccrual	4,861	3,265
Total past due and nonaccrual	17,081	14,480
Consumer portfolio segment, adjusted for credit analysis | 30-59 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	4,794	4,823
Consumer portfolio segment, adjusted for credit analysis | 60-89 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	1,899	2,020
Consumer portfolio segment, adjusted for credit analysis | 90+ days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	5,527	4,372
Consumer portfolio segment, adjusted for credit analysis | Current
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	1,402,820	1,347,228
Consumer portfolio segment, adjusted for credit analysis | Single family
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	1,057,579	1,009,001
Nonaccrual	3,999	2,584
Total past due and nonaccrual	15,487	13,236
Consumer portfolio segment, adjusted for credit analysis | Single family | 30-59 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	4,105	4,556
Consumer portfolio segment, adjusted for credit analysis | Single family | 60-89 days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	1,856	1,724
Consumer portfolio segment, adjusted for credit analysis | Single family | 90+ days
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	5,527	4,372
Consumer portfolio segment, adjusted for credit analysis | Single family | Current
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	1,042,092	995,765
Consumer portfolio segment, adjusted for credit analysis | Home equity and other
Financing Receivable, Past Due [Line Items]
Loans before allowance for credit loss	362,322	352,707
Nonaccrual	862	681
Total past due and nonaccrual	1,594	1,244
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	689	267
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	43	296
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	$ 360,728	$ 351,463

LOANS AND CREDIT QUALITY - Lo_4

LOANS AND CREDIT QUALITY - Loan Modifications (Details) - Consumer loans - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Single family | Significant Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis at Period End	$ 0	$ 153
% of Total Class of Financing Receivable	0%	0.02%
Single family | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis at Period End	$ 0	$ 37
% of Total Class of Financing Receivable	0%	0%
Single family | Interest Rate Reduction and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis at Period End	$ 0	$ 1,110
% of Total Class of Financing Receivable	0%	0.15%
Single family | Significant Payment Delay and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis at Period End	$ 179	$ 6,397
% of Total Class of Financing Receivable	0.02%	0.84%
Single family | Interest Rate Reduction, Significant Payment Delay and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis at Period End	$ 0	$ 5,762
% of Total Class of Financing Receivable	0%	0.76%
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%

LOANS AND CREDIT QUALITY - Lo_5

LOANS AND CREDIT QUALITY - Loan Modifications, Financial Effect (Details) - Consumer loans	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Single family | Interest Rate Reduction | High
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted average contractual interest rate, after modification		4.28%
Single family | Interest Rate Reduction | Low
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted average contractual interest rate, after modification		3.25%
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	2.60%	0.30%
Single family | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted average time added to life of loans (in years)	14 years 2 months 12 days	3 years 2 months 12 days
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		6.30%
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

LOANS AND CREDIT QUALITY - Lo_6

LOANS AND CREDIT QUALITY - Loan Modifications, by Payment Status (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans modified	$ 20,480
30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans modified	1,746
90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans modified	1,627
Commercial business | Commercial loans | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans modified	1,355
Commercial business | Commercial loans | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans modified	0
Commercial business | Commercial loans | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans modified	0
Single family | Consumer Loan | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans modified	19,006
Single family | Consumer Loan | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans modified	1,746
Single family | Consumer Loan | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans modified	1,627
Home equity and other | Consumer Loan | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans modified	119
Home equity and other | Consumer Loan | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans modified	0
Home equity and other | Consumer Loan | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans modified	$ 0

LOANS AND CREDIT QUALITY - Lo_7

LOANS AND CREDIT QUALITY - Loan Modifications with Subsequent Default, by Loan Modification (Details) - Consumer Loan - Single family $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Significant Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan modifications with subsequent default	$ 0
Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan modifications with subsequent default	0
Interest Rate Reduction and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan modifications with subsequent default	0
Significant Payment Delay and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan modifications with subsequent default	2,030
Interest Rate Reduction, Significant Payment Delay and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan modifications with subsequent default	$ 623

DEPOSITS - Schedule of Deposit

DEPOSITS - Schedule of Deposit Balances (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Deposit balances, including stated rates
Noninterest-bearing demand deposits	$ 1,479,428	$ 1,399,912
Interest-Bearing Deposit Liabilities [Abstract]
Interest-bearing demand deposits	496,504	466,490
Savings	323,373	258,977
Money market	2,097,055	2,383,209
Certificates of deposit	2,660,243	2,943,331
Total interest bearing deposits	5,577,175	6,052,007
Total deposits	$ 7,056,603	$ 7,451,919
Weighted Average Rate, Interest-bearing demand deposits	0.34%	0.10%
Weighted Average Rate, Savings	0.06%	0.06%
Weighted Average Rate, Money market	1.52%	1.22%
Weighted Average Rate, Certificates of deposit	3.49%	3.07%
Weighted Average Rate, Domestic, Total interest bearing deposits	2.28%	1.98%
Weighted Average Rate, Domestic, Total deposits	1.79%	1.61%

DEPOSITS - Schedule of Deposi_2

DEPOSITS - Schedule of Deposit Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Certificates of deposit outstanding
Within one year	$ 2,143,208
One to two years	489,105
Two to three years	15,066
Three to four years	5,202
Four to five years	7,500
Thereafter	162
Total	$ 2,660,243	$ 2,943,331

DEPOSITS - Narrative (Details)

DEPOSITS - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]
Time deposits, at or above FDIC insurance limit	$ 186	$ 189
Brokered deposits	$ 885	$ 1,400

DERIVATIVES AND HEDGING ACTIV_3

DERIVATIVES AND HEDGING ACTIVITIES - Fair Value of Derivatives (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Notional amount	$ 432,365,000	$ 342,248,000
Derivative Asset [Abstract]
Total derivatives before netting, Fair value derivatives, Asset	11,868,000	13,763,000
Netting adjustments/cash collateral, Fair value derivative, Asset	(10,801,000)	(12,870,000)
Carrying value on consolidated balance sheet, Fair value derivatives, Asset	1,067,000	893,000
Derivative Liability [Abstract]
Total derivatives before netting, Fair value derivatives, Liability	(11,067,000)	(13,280,000)
Netting adjustments/cash collateral, Fair value derivative, Liability	(239,000)	101,000
Carrying value on consolidated balance sheet, Fair value derivatives, Liability	(11,306,000)	(13,179,000)
Liability for cash collateral received from counterparties	11,000,000	12,800,000
Concentration of credit risk, master netting arrangements
Derivative Liability [Abstract]
Liability for cash collateral received from counterparties	11,000,000	12,800,000
Forward sale commitments
Derivatives, Fair Value [Line Items]
Notional amount	89,850,000	51,252,000
Derivative Asset [Abstract]
Total derivatives before netting, Fair value derivatives, Asset	229,000	293,000
Derivative Liability [Abstract]
Total derivatives before netting, Fair value derivatives, Liability	(326,000)	(151,000)
Interest rate lock commitments
Derivatives, Fair Value [Line Items]
Notional amount	37,557,000	17,463,000
Derivative Asset [Abstract]
Total derivatives before netting, Fair value derivatives, Asset	398,000	141,000
Derivative Liability [Abstract]
Total derivatives before netting, Fair value derivatives, Liability	(36,000)	(36,000)
Interest rate swaps
Derivatives, Fair Value [Line Items]
Notional amount	239,558,000	236,533,000
Derivative Asset [Abstract]
Total derivatives before netting, Fair value derivatives, Asset	10,704,000	13,093,000
Derivative Liability [Abstract]
Total derivatives before netting, Fair value derivatives, Liability	(10,705,000)	(13,093,000)
Futures
Derivatives, Fair Value [Line Items]
Notional amount	7,400,000	23,000,000
Derivative Asset [Abstract]
Total derivatives before netting, Fair value derivatives, Asset	34,000	18,000
Derivative Liability [Abstract]
Total derivatives before netting, Fair value derivatives, Liability	0	0
Options
Derivatives, Fair Value [Line Items]
Notional amount	58,000,000	14,000,000
Derivative Asset [Abstract]
Total derivatives before netting, Fair value derivatives, Asset	503,000	218,000
Derivative Liability [Abstract]
Total derivatives before netting, Fair value derivatives, Liability	$ 0	$ 0

DERIVATIVES AND HEDGING ACTIV_4

DERIVATIVES AND HEDGING ACTIVITIES - Master Netting Agreements (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Derivative Asset [Abstract]
Derivative assets, Gross fair value	$ 11,868,000	$ 13,763,000
Derivative assets, Netting adjustments/Cash collateral	(10,801,000)	(12,870,000)
Derivative assets, Carrying value	1,067,000	893,000
Derivative Liability [Abstract]
Derivative liabilities, Gross fair value	(11,067,000)	(13,280,000)
Derivative liabilities, Netting adjustments/Cash collateral	(239,000)	101,000
Derivative liabilities, Carrying Value	(11,306,000)	(13,179,000)
Liability for cash collateral received from counterparties	11,000,000	12,800,000
Concentration of credit risk, master netting arrangements
Derivative Liability [Abstract]
Liability for cash collateral received from counterparties	$ 11,000,000	$ 12,800,000

DERIVATIVES AND HEDGING ACTIV_5

DERIVATIVES AND HEDGING ACTIVITIES - Narrative (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Liability for cash collateral received from counterparties	$ 11,000,000	$ 12,800,000
Receivable for cash collateral paid to counterparties	30,000	30,000
Notional amount of open interest rate swap agreements	432,365,000	342,248,000
Interest rate swaps, back-to-back
Derivative [Line Items]
Notional amount of open interest rate swap agreements	$ 240,000,000	$ 237,000,000

DERIVATIVES AND HEDGING ACTIV_6

DERIVATIVES AND HEDGING ACTIVITIES - Gain (Loss) Recognized in Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net gain (loss) on loan origination and sale activities
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) from economic hedging	$ 78	$ 4,613
Loan servicing income (loss)
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) from economic hedging	(730)	(9,439)
Other
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) from economic hedging	$ (1)	$ 159

MORTGAGE BANKING OPERATIONS - L

MORTGAGE BANKING OPERATIONS - Loans Held for Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 24,253	$ 17,327
Single family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	22,690	14,075
CRE, multifamily and SBA | Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 1,563	$ 3,252

MORTGAGE BANKING OPERATIONS -_2

MORTGAGE BANKING OPERATIONS - Loans Sold (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of loans originated as held for sale	$ 72,223	$ 372,207
Single family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of loans originated as held for sale	63,473	323,070
CRE, multifamily and SBA | Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of loans originated as held for sale	$ 8,750	$ 49,137

MORTGAGE BANKING OPERATIONS - G

MORTGAGE BANKING OPERATIONS - Gain on Origination and Sale (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Gain on mortgage loan origination and sale activities [Line Items]
Gain on loan origination and sale activities	$ 2,410	$ 8,274
Single family
Gain on mortgage loan origination and sale activities [Line Items]
Gain on loan origination and sale activities	2,218	6,169
CRE, multifamily and SBA | Commercial loans
Gain on mortgage loan origination and sale activities [Line Items]
Gain on loan origination and sale activities	$ 192	$ 2,105

MORTGAGE BANKING OPERATIONS -_3

MORTGAGE BANKING OPERATIONS - Loans Serviced for Others (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans serviced for others	$ 7,342,063	$ 7,375,383
Single family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans serviced for others	5,424,909	5,436,899
CRE, multifamily and SBA | Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans serviced for others	$ 1,917,154	$ 1,938,484

MORTGAGE BANKING OPERATIONS - M

MORTGAGE BANKING OPERATIONS - Mortgage Repurchase Liability (Details) - Representations and warranties reserve for loan receivables - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Mortgage Repurchase Losses [Roll Forward]
Balance, beginning of period	$ 2,232	$ 1,312
Additions, net of adjustments	(143)	358
Realized (losses) recoveries, net	(300)	(32)
Balance, end of period	$ 1,789	$ 1,638

MORTGAGE BANKING OPERATIONS - N

MORTGAGE BANKING OPERATIONS - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Impaired [Line Items]
Servicing advances	$ 2.8	$ 1.6
GNMA Early buyout loans
Financing Receivable, Impaired [Line Items]
Loans receivable, in Ginnie Mae pool	$ 5.7	$ 6.9

MORTGAGE BANKING OPERATIONS - R

MORTGAGE BANKING OPERATIONS - Revenue from Mortgage Servicing (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Servicing income, net:
Servicing fees and other	$ 6,669	$ 8,321
Amortization of single family MSRs	(1,684)	(3,425)
Amortization of multifamily and SBA MSRs	(1,554)	(1,712)
Net servicing income	3,431	3,184
Risk management, single family MSRs:
Changes in fair value of MSRs due to assumptions	(311)	10,303
Mortgage servicing rights, risk management	(392)	120
Loan servicing income	3,039	3,304
Servicing contracts
Risk management, single family MSRs:
Net gain (loss) from economic hedging	$ (81)	$ (10,183)

MORTGAGE BANKING OPERATIONS - S

MORTGAGE BANKING OPERATIONS - Single Family MSR Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Additions and amortization:
Amortization	$ 1,684	$ 3,425
Changes in fair value of MSR assumptions	(311)	10,303
Ending balance	75,701
Single family
Servicing Asset at Fair Value, Amount [Roll Forward]
Beginning balance	76,617	61,584
Additions and amortization:
Originations	619	3,916
Purchases	460	0
Amortization	(1,684)	(3,425)
Net additions and amortization	(605)	491
Changes in fair value of MSR assumptions	(311)	10,303
Ending balance	$ 75,701	$ 72,378

MORTGAGE BANKING OPERATIONS - K

MORTGAGE BANKING OPERATIONS - Key Economic Assumptions (Details) - Single family	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Constant prepayment rate
Fair Value Measurement Inputs and Valuation Techniques
Servicing asset, measurement input	11.20%	9.38%
Discount rate
Fair Value Measurement Inputs and Valuation Techniques
Servicing asset, measurement input	9.94%	8.34%

MORTGAGE BANKING OPERATIONS -_4

MORTGAGE BANKING OPERATIONS - Sensitivity Analysis (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)	Dec. 31, 2022
Key economic assumptions and the sensitivity of the current fair value for single family MSRs
Fair value of single family MSR	$ 75,701
Expected weighted-average life (in years)	8 years 4 months 24 days
Constant Prepayment Rate [Abstract]
Impact on fair value of 25 basis points adverse change in interest rates	$ (941)
Impact on fair value of 50 basis points adverse change in interest rates	(2,148)
Discount Rate [Abstract]
Impact on fair value of 100 basis points increase	(2,000)
Impact on fair value of 200 basis points increase	$ (4,984)
Low | CPRs
Key economic assumptions and the sensitivity of the current fair value for single family MSRs
Measurement input (as a percent)	0.0634	0.0601
Low | Discount rate
Key economic assumptions and the sensitivity of the current fair value for single family MSRs
Measurement input (as a percent)	0.0933	0.0974
High | CPRs
Key economic assumptions and the sensitivity of the current fair value for single family MSRs
Measurement input (as a percent)	0.3001	0.1110
High | Discount rate
Key economic assumptions and the sensitivity of the current fair value for single family MSRs
Measurement input (as a percent)	0.1495	0.1688
Weighted Average | CPRs
Key economic assumptions and the sensitivity of the current fair value for single family MSRs
Measurement input (as a percent)	0.0669	0.0819
Weighted Average | Discount rate
Key economic assumptions and the sensitivity of the current fair value for single family MSRs
Measurement input (as a percent)	0.1007	0.1066

MORTGAGE BANKING OPERATIONS -_5

MORTGAGE BANKING OPERATIONS - Multifamily and SBA MSR Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Servicing Asset at Amortized Value, Balance [Roll Forward]
Beginning balance	$ 35,256	$ 39,415
Originations	137	1,576
Amortization	(1,554)	(1,712)
Ending balance	$ 33,839	$ 39,279

GUARANTEES AND MORTGAGE REPUR_2

GUARANTEES AND MORTGAGE REPURCHASE LIABILITY (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Representations and warranties reserve for loan receivables
Loss Contingencies [Line Items]
Unfunded commitment balance of loans sold on a servicing-retained basis	$ 5,400,000,000		$ 5,400,000,000
Reserve liability related to mortgage repurchase	1,789,000	$ 1,638,000	2,232,000	$ 1,312,000
Loss sharing relationship
Loss Contingencies [Line Items]
Reserve liability related to multifamily DUS program	600,000		600,000
Loss sharing relationship | Multifamily
Loss Contingencies [Line Items]
UPB of loans sold through DUS	1,800,000,000		1,800,000,000
Losses incurred - related to DUS	0	$ 0
Credit risk
Loss Contingencies [Line Items]
Reserve liability related to mortgage repurchase	$ 1,800,000		$ 2,200,000

EARNINGS PER SHARE - Schedule o

EARNINGS PER SHARE - Schedule of EPS Calculation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share [Abstract]
Net income	$ 5,058	$ 19,951
Weighted average shares:
Basic weighted average number of shares outstanding (in shares)	18,755,453	19,585,753
Dilutive effect of outstanding common stock equivalents (in shares)	16,446	206,160
Diluted weighted-average number of shares outstanding (in shares)	18,771,899	19,791,913
Net income per share:
Basic earnings per share (in dollars per share)	$ 0.27	$ 1.02
Diluted earnings per share (in dollars per share)	$ 0.27	$ 1.01
Shares excluded from EPS computation due to antidilutive effect	251,821	13,040

FAIR VALUE MEASUREMENT - Schedu

FAIR VALUE MEASUREMENT - Schedule of Fair Value Hierarchy Measurement (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets:
Investment securities AFS	$ 1,412,537	$ 1,378,774
Single family mortgage servicing rights	75,701
Derivatives	1,067	893
Liabilities:
Derivative liabilities	11,306	13,179
Residential mortgage-backed securities
Assets:
Investment securities AFS	200,658	197,262
Commercial mortgage-backed securities
Assets:
Investment securities AFS	54,230	56,049
Municipal bonds
Assets:
Investment securities AFS	413,658	411,548
Corporate debt securities
Assets:
Investment securities AFS	41,302	42,945
U.S. Treasury securities
Assets:
Investment securities AFS	20,319	19,934
Agency debentures
Assets:
Investment securities AFS	58,359	27,478
Recurring
Assets:
Single family LHFS	22,690	14,075
Single family LHFI	5,231	5,868
Single family mortgage servicing rights	75,701	76,617
Total assets	1,590,071	1,508,094
Liabilities:
Total liabilities	11,067	13,280
Recurring | Residential mortgage-backed securities
Assets:
Investment securities AFS	200,658	197,262
Recurring | Commercial mortgage-backed securities
Assets:
Investment securities AFS	54,230	56,049
Recurring | Collateralized mortgage obligations residential
Assets:
Investment securities AFS	553,234	553,039
Recurring | Collateralized mortgage obligations commercial
Assets:
Investment securities AFS	70,777	70,519
Recurring | Municipal bonds
Assets:
Investment securities AFS	413,658	411,548
Recurring | Corporate debt securities
Assets:
Investment securities AFS	41,302	42,945
Recurring | U.S. Treasury securities
Assets:
Trading securities - U.S. Treasury securities	62,044	18,997
Investment securities AFS	20,319	19,934
Recurring | Agency debentures
Assets:
Investment securities AFS	58,359	27,478
Recurring | Futures
Assets:
Derivatives	34	18
Recurring | Forward sale commitments
Assets:
Derivatives	229	293
Liabilities:
Derivative liabilities	326	151
Recurring | Options
Assets:
Derivatives	503	218
Recurring | Interest rate lock commitments
Assets:
Derivatives	398	141
Liabilities:
Derivative liabilities	36	36
Recurring | Interest rate swaps
Assets:
Derivatives	10,704	13,093
Liabilities:
Derivative liabilities	10,705	13,093
Level 1 | Recurring
Assets:
Single family LHFS	0	0
Single family LHFI	0	0
Single family mortgage servicing rights	0	0
Total assets	62,581	19,233
Liabilities:
Total liabilities	0	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	62,044	18,997
Investment securities AFS	0	0
Level 1 | Recurring | Agency debentures
Assets:
Investment securities AFS	0	0
Level 1 | Recurring | Futures
Assets:
Derivatives	34	18
Level 1 | Recurring | Forward sale commitments
Assets:
Derivatives	0	0
Liabilities:
Derivative liabilities	0	0
Level 1 | Recurring | Options
Assets:
Derivatives	503	218
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	22,690	14,075
Single family LHFI	0	0
Single family mortgage servicing rights	0	0
Total assets	1,444,130	1,404,226
Liabilities:
Total liabilities	11,031	13,244
Level 2 | Recurring | Residential mortgage-backed securities
Assets:
Investment securities AFS	198,694	195,321
Level 2 | Recurring | Commercial mortgage-backed securities
Assets:
Investment securities AFS	54,230	56,049
Level 2 | Recurring | Collateralized mortgage obligations residential
Assets:
Investment securities AFS	553,234	553,039
Level 2 | Recurring | Collateralized mortgage obligations commercial
Assets:
Investment securities AFS	70,777	70,519
Level 2 | Recurring | Municipal bonds
Assets:
Investment securities AFS	413,658	411,548
Level 2 | Recurring | Corporate debt securities
Assets:
Investment securities AFS	41,236	42,877
Level 2 | Recurring | U.S. Treasury securities
Assets:
Trading securities - U.S. Treasury securities	0	0
Investment securities AFS	20,319	19,934
Level 2 | Recurring | Agency debentures
Assets:
Investment securities AFS	58,359	27,478
Level 2 | Recurring | Futures
Assets:
Derivatives	0	0
Level 2 | Recurring | Forward sale commitments
Assets:
Derivatives	229	293
Liabilities:
Derivative liabilities	326	151
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	10,704	13,093
Liabilities:
Derivative liabilities	10,705	13,093
Level 3 | Recurring
Assets:
Single family LHFS	0	0
Single family LHFI	5,231	5,868
Single family mortgage servicing rights	75,701	76,617
Total assets	83,360	84,635
Liabilities:
Total liabilities	36	36
Level 3 | Recurring | Residential mortgage-backed securities
Assets:
Investment securities AFS	1,964	1,941
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	66	68
Level 3 | Recurring | U.S. Treasury securities
Assets:
Trading securities - U.S. Treasury securities	0	0
Investment securities AFS	0	0
Level 3 | Recurring | Agency debentures
Assets:
Investment securities AFS	0	0
Level 3 | Recurring | Futures
Assets:
Derivatives	0	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	398	141
Liabilities:
Derivative liabilities	36	36
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
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers between levels of fair value hierarchy	$ 0	$ 0
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Single family LHFI	5,231,000		$ 5,868,000
Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Single family LHFI	$ 5,231,000		$ 5,868,000

FAIR VALUE MEASUREMENT - Sche_2

FAIR VALUE MEASUREMENT - Schedule of Level 3 Unobservable Inputs (Details) $ in Thousands	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Interest rate lock commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate lock commitments, net	$ 362	$ 105	$ 78	$ 2,484
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Single family LHFI	5,231	5,868
Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Single family LHFI	5,231	5,868
Recurring | Level 3 | Investment securities AFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities AFS	2,030	2,009
Recurring | Level 3 | Single family LHFI
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Single family LHFI	5,231	5,868
Recurring | Level 3 | Interest rate lock commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate lock commitments, net	$ 362	$ 105
Implied spread to benchmark interest rate curve | Low | Recurring | Level 3 | Investment securities AFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Implied spread to benchmark interest rate curve	0.0200	0.0200
Implied spread to benchmark interest rate curve | Low | Recurring | Level 3 | Single family LHFI
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Implied spread to benchmark interest rate curve	0.0318	0.0287
Implied spread to benchmark interest rate curve | High | Recurring | Level 3 | Investment securities AFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Implied spread to benchmark interest rate curve	0.0200	0.0200
Implied spread to benchmark interest rate curve | High | Recurring | Level 3 | Single family LHFI
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Implied spread to benchmark interest rate curve	0.0544	0.0515
Implied spread to benchmark interest rate curve | Weighted Average | Recurring | Level 3 | Investment securities AFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Implied spread to benchmark interest rate curve	0.0200	0.0200
Implied spread to benchmark interest rate curve | Weighted Average | Recurring | Level 3 | Single family LHFI
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Implied spread to benchmark interest rate curve	0.0402	0.0414
Fall-out factor | Low | Recurring | Level 3 | Interest rate lock commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fall-out factor, Value of servicing	0.0007	0.0010
Fall-out factor | High | Recurring | Level 3 | Interest rate lock commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fall-out factor, Value of servicing	0.2260	0.1750
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]
Fall-out factor, Value of servicing	0.0907	0.0643
Value of servicing | Low | Recurring | Level 3 | Interest rate lock commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fall-out factor, Value of servicing	0.0059	0.0054
Value of servicing | High | Recurring | Level 3 | Interest rate lock commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fall-out factor, Value of servicing	0.0119	0.0111
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]
Fall-out factor, Value of servicing	0.0088	0.0095

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
	Mar. 31, 2023	Mar. 31, 2022
Interest rate lock commitments
Fair Value Changes and Activity for Level 3 [Roll Forward]
Settlements	$ (662)	$ (229)
Change in mark to market	919	(2,177)
Investment securities AFS
Fair Value Changes and Activity for Level 3 [Roll Forward]
Beginning balance	2,009	2,482
Additions	0	0
Transfers	0	0
Settlements	(48)	(48)
Change in mark to market	69	(127)
Ending balance	2,030	2,307
Single family LHFI
Fair Value Changes and Activity for Level 3 [Roll Forward]
Beginning balance	5,868	7,287
Additions	0	0
Transfers	0	0
Settlements	(682)	0
Change in mark to market	45	(306)
Ending balance	$ 5,231	$ 6,981

FAIR VALUE MEASUREMENT - Level

FAIR VALUE MEASUREMENT - Level 3 Interest Lock Commitments (Details) - Interest rate lock commitments - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Fair Value Changes and Activity for Level 3 [Roll Forward]
Beginning balance, net	$ 105	$ 2,484
Total realized/unrealized gains (losses)	919	(2,177)
Settlements	(662)	(229)
Ending balance, net	$ 362	$ 78

FAIR VALUE MEASUREMENT - FV Uno

FAIR VALUE MEASUREMENT - FV Unobservable Inputs - Nonrecurring Basis (Details) - Nonrecurring - Level 3 - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 3,793	$ 904
Total Gains (Losses)	$ (159)	$ 10

FAIR VALUE MEASUREMENT - FV of

FAIR VALUE MEASUREMENT - FV of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets:
Mortgage servicing rights – multifamily and SBA	$ 75,701
Other assets - GNMA EBO loans	7,444,882	$ 7,384,820
Carrying Value
Assets:
Cash and cash equivalents	377,031	72,828
Investment securities HTM	2,423	2,441
LHFI	7,439,651	7,378,952
Federal Home Loan Bank stock	73,191	49,305
Liabilities:
Certificates of deposit	2,660,243	2,943,331
Borrowings	1,878,000	1,016,000
Long-term debt	224,492	224,404
Fair Value
Assets:
Cash and cash equivalents	377,031	72,828
Investment securities HTM	2,387	2,385
LHFI	7,150,665	6,988,363
Federal Home Loan Bank stock	73,191	49,305
Liabilities:
Certificates of deposit	2,634,872	2,910,301
Borrowings	1,881,721	1,014,973
Long-term debt	200,770	202,338
Multifamily | Carrying Value
Assets:
LHFS – multifamily and other	1,563	3,252
Mortgage servicing rights – multifamily and SBA	33,839	35,256
Multifamily | Fair Value
Assets:
LHFS – multifamily and other	1,563	3,291
Mortgage servicing rights – multifamily and SBA	38,629	39,792
Other assets - GNMA EBO loans | Carrying Value
Assets:
Other assets - GNMA EBO loans	5,682	6,918
Other assets - GNMA EBO loans | Fair Value
Assets:
Other assets - GNMA EBO loans	5,682	6,918
Level 1 | Fair Value
Assets:
Cash and cash equivalents	377,031	72,828
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	2,387	2,385
LHFI	0	0
Federal Home Loan Bank stock	73,191	49,305
Liabilities:
Certificates of deposit	2,634,872	2,910,301
Borrowings	1,881,721	1,014,973
Long-term debt	200,770	202,338
Level 2 | Multifamily | Fair Value
Assets:
LHFS – multifamily and other	1,563	3,291
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	7,150,665	6,988,363
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	38,629	39,792
Level 3 | Other assets - GNMA EBO loans | Fair Value
Assets:
Other assets - GNMA EBO loans	$ 5,682	$ 6,918

FAIR VALUE MEASUREMENT - Fair V

FAIR VALUE MEASUREMENT - Fair Value Option (Details) - Recurring - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Single family LHFS	$ 22,690	$ 14,075
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Single family LHFS	22,690	14,075
Aggregate Unpaid Principal Balance	22,243	13,914
Fair Value Less Aggregated Unpaid Principal Balance	$ 447	$ 161

BORROWINGS (Details)

BORROWINGS (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
FRB advances under BTFP	$ 1,878,000	$ 1,016,000
Amount
Within one year	878,000
One to three years	450,000
Three through five years	550,000
Total	$ 1,878,000
Weighted Average Rate
Within one year	4.84%
One to three years	4.56%
Three through five years	4.35%
Total	4.63%
Federal Reserve Bank Advances | Bank Term Funding Program
Short-Term Debt [Line Items]
FRB advances under BTFP	$ 300,000

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)	Apr. 24, 2023 $ / shares
Subsequent Event
Subsequent Event [Line Items]
Dividends payable (in dollars per share)	$ 0.10