Amalgamated Financial (AMAL) 10-Q 5 Aug 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2022	Aug. 05, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-40136
Entity Registrant Name	Amalgamated Financial Corp.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	85-2757101
Entity Address, Address Line One	275 Seventh Avenue
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10001
City Area Code	212
Local Phone Number	255-6200
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	AMAL
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	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		30,688,522,000
Entity Central Index Key	0001823608
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 6,075	$ 8,622
Interest-bearing deposits in banks	326,463	321,863
Total cash and cash equivalents	332,538	330,485
Securities:
#REF!	2,105,547	2,113,410
Held-to-maturity (fair value of $1,317,058 and $849,704, respectively)	1,375,666	843,569
Loans held for sale	5,657	3,279
Loans receivable, net of deferred loan origination costs (fees)	3,648,404	3,312,224
Allowance for loan losses	(39,477)	(35,866)
Loans receivable, net	3,608,927	3,276,358
Resell agreements	225,926	229,018
Accrued interest and dividends receivable	31,001	28,820
Premises and equipment, net	10,870	11,735
Bank-owned life insurance	106,163	107,266
Right-of-use lease asset	31,728	33,115
Deferred tax asset	56,194	26,719
Goodwill	12,936	12,936
Other intangible assets	3,628	4,151
Equity investments	6,271	6,856
Other assets	30,205	50,159
Total assets	7,943,257	7,077,876
Liabilities
Deposits	7,291,167	6,356,255
Subordinated debt	83,899	83,831
Operating leases	45,605	48,160
Other liabilities	24,545	25,755
Total liabilities	7,445,216	6,514,001
Stockholders’ equity
Common stock, par value $0.01 per share (70,000,000 shares authorized; 30,684,246 and 31,130,143 shares issued and outstanding, respectively)	307	311
Additional paid-in capital	286,901	297,975
Retained earnings	288,868	260,047
Accumulated other comprehensive income (loss), net of income taxes	(78,168)	5,409
Total Amalgamated Financial Corp. stockholders' equity	497,908	563,742
Noncontrolling interests	133	133
Total stockholders' equity	498,041	563,875
Total liabilities and stockholders’ equity	$ 7,943,257	$ 7,077,876

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Available for sale, amortized cost	$ 2,193,657	$ 2,103,049
Held-to-maturity, fair value	$ 1,317,058	$ 849,704
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	70,000,000	70,000,000
Common stock, shares issued (in shares)	30,684,246	31,130,143
Common stock, shares outstanding (in shares)	30,684,246	31,130,143

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
INTEREST AND DIVIDEND INCOME
Loans	$ 33,766	$ 30,156	$ 64,893	$ 61,265
Securities	24,307	13,094	43,422	25,264
Federal Home Loan Bank of New York stock	45	41	85	89
Interest-bearing deposits in banks	551	131	730	221
Total interest and dividend income	58,669	43,422	109,130	86,839
INTEREST EXPENSE
Deposits	1,481	1,431	2,883	3,003
Borrowed funds	690	0	1,381	0
Total interest expense	2,171	1,431	4,264	3,003
NET INTEREST INCOME	56,498	41,991	104,866	83,836
Provision for (recovery of) loan losses	2,912	1,682	5,205	(1,579)
Net interest income after provision for loan losses	53,586	40,309	99,661	85,415
NON-INTEREST INCOME
Trust Department fees	3,479	3,292	6,970	7,118
Service charges on deposit accounts	2,826	2,296	5,273	4,475
Bank-owned life insurance	1,283	531	2,097	1,319
Gain (loss) on sale of securities	(582)	321	(420)	342
Gain (loss) on sale of loans, net	492	720	335	1,426
Gain (loss) on other real estate owned, net	0	(407)	0	(407)
Equity method investments	(638)	(1,555)	(206)	(5,237)
Other	386	129	619	290
Total non-interest income	7,246	5,327	14,668	9,326
NON-INTEREST EXPENSE
Compensation and employee benefits	18,046	16,964	35,715	35,003
Occupancy and depreciation	3,457	3,352	6,897	6,853
Professional fees	2,745	3,211	5,560	6,871
Data processing	4,327	3,322	9,511	6,327
Office maintenance and depreciation	784	820	1,509	1,475
Amortization of intangible assets	261	302	523	604
Advertising and promotion	761	628	1,615	1,225
Other	3,965	2,796	7,413	5,831
Total non-interest expense	34,346	31,395	68,743	64,189
Income before income taxes	26,486	14,241	45,586	30,552
Income tax expense (benefit)	6,873	3,833	11,808	7,955
Net income	$ 19,613	$ 10,408	$ 33,778	$ 22,597
Earnings per common share - basic (in dollars per share)	$ 0.64	$ 0.33	$ 1.09	$ 0.73
Earnings per common share - diluted (in dollars per share)	$ 0.63	$ 0.33	$ 1.08	$ 0.72

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 19,613	$ 10,408	$ 33,778	$ 22,597
Other comprehensive income (loss), net of taxes:
Change in total obligation for postretirement benefits and for prior service credit and for other benefits	59	92	118	(265)
Net unrealized gains (losses) on securities:
Unrealized holding gains (losses) on securities available for sale	(52,334)	4,055	(116,038)	(1,381)
Reclassification adjustment for losses (gains) realized in income	582	(321)	417	(339)
Accretion of net unrealized loss on securities transferred to held to maturity	209	0	209	0
Net unrealized gains (losses) on securities	(51,543)	3,734	(115,412)	(1,720)
Other comprehensive income (loss), before tax	(51,484)	3,826	(115,294)	(1,985)
Income tax benefit (expense)	14,162	(922)	31,717	524
Total other comprehensive income (loss), net of taxes	(37,322)	2,904	(83,577)	(1,461)
Total comprehensive income (loss), net of taxes	$ (17,709)	$ 13,312	$ (49,799)	$ 21,136

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders’ Equity (unaudited) - USD ($) $ in Thousands	Total	Total Stockholders' Equity	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest
Beginning balance at Dec. 31, 2020	$ 535,821	$ 535,688	$ 310	$ 300,989	$ 217,213	$ 17,176	$ 133
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	22,597	22,597			22,597
Dividends	(5,041)	(5,041)			(5,041)
Repurchase of shares	(2,920)	(2,920)	(1)	(2,919)
Exercise of stock options, net of repurchases	(1,449)	(1,449)	2	(1,451)
Restricted stock unit vesting, net of repurchases	(90)	(90)		(90)
Stock-based compensation expense	754	754		754
Other comprehensive income (loss), net of taxes	(1,461)	(1,461)				(1,461)
Ending balance at Jun. 30, 2021	548,211	548,078	311	297,283	234,769	15,715	133
Beginning balance at Mar. 31, 2021	540,222	540,089	312	300,079	226,887	12,811	133
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	10,408	10,408			10,408
Dividends	(2,526)	(2,526)			(2,526)
Repurchase of shares	(2,500)	(2,500)	(1)	(2,499)
Exercise of stock options, net of repurchases	(463)	(463)		(463)
Stock-based compensation expense	166	166		166
Other comprehensive income (loss), net of taxes	2,904	2,904				2,904
Ending balance at Jun. 30, 2021	548,211	548,078	311	297,283	234,769	15,715	133
Beginning balance at Dec. 31, 2021	563,875	563,742	311	297,975	260,047	5,409	133
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	33,778	33,778			33,778
Common stock issued	348	348		348
Dividends	(4,957)	(4,957)			(4,957)
Repurchase of shares	(11,733)	(11,733)	(6)	(11,727)
Exercise of stock options, net of repurchases	(1,037)	(1,037)	2	(1,039)
Restricted stock unit vesting, net of repurchases	(2)	(2)		(2)
Stock-based compensation expense	1,346	1,346		1,346
Other comprehensive income (loss), net of taxes	(83,577)	(83,577)				(83,577)
Ending balance at Jun. 30, 2022	498,041	497,908	307	286,901	288,868	(78,168)	133
Beginning balance at Mar. 31, 2022	526,762	526,629	310	295,443	271,722	(40,846)	133
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	19,613	19,613			19,613
Common stock issued	296	296		296
Dividends	(2,467)	(2,467)			(2,467)
Repurchase of shares	(8,792)	(8,792)	(5)	(8,787)
Exercise of stock options, net of repurchases	(732)	(732)	2	(734)
Restricted stock unit vesting, net of repurchases	(2)	(2)		(2)
Stock-based compensation expense	685	685		685
Other comprehensive income (loss), net of taxes	(37,322)	(37,322)				(37,322)
Ending balance at Jun. 30, 2022	$ 498,041	$ 497,908	$ 307	$ 286,901	$ 288,868	$ (78,168)	$ 133

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders’ Equity (unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Stockholders' Equity [Abstract]
Dividends (in dollars per share)	$ 0.08	$ 0.08	$ 0.16	$ 0.16

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income		$ 33,778	$ 22,597
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		1,790	1,825
Amortization of intangible assets		523	604
Deferred income tax expense (benefit)		2,242	4,089
Provision for (recovery of) loan losses		5,205	(1,579)
Stock-based compensation expense		1,346	754
Net amortization (accretion) on loan fees, costs, premiums, and discounts		1,025	1,198
Net amortization on securities		2,537	1,779
OTTI loss (gain) recognized in earnings		(3)	3
Net loss (income) from equity method investments		206	5,237
Net loss (gain) on sale of securities available for sale		420	(342)
Net loss (gain) on sale of loans		(335)	(1,426)
Net loss (gain) on sale of other real estate owned		0	407
Net (gain) on redemption of bank-owned life insurance		(1,094)	(266)
Proceeds from sales of loans held for sale		10,919	81,870
Originations of loans held for sale		(4,831)	(77,526)
Decrease (increase) in cash surrender value of bank-owned life insurance		(1,003)	(1,053)
Decrease (increase) in accrued interest and dividends receivable		(2,181)	1,322
Decrease (increase) in other assets	[1]	21,128	(720)
Increase (decrease) in accrued expenses and other liabilities	[2]	(3,579)	(14,057)
Net cash provided by operating activities		68,093	24,716
CASH FLOWS FROM INVESTING ACTIVITIES
Net decrease (increase) in loans		(346,930)	310,268
Purchase of securities available for sale		(623,371)	(563,204)
Purchase of securities held to maturity		(358,776)	(176,669)
Proceeds from sales of securities available for sale		35,951	62,883
Maturities, principal payments and redemptions of securities available for sale		224,026	228,905
Maturities, principal payments and redemptions of securities held to maturity		79,570	44,604
Decrease (increase) in resell agreements		3,092	13,128
Decrease (increase) in equity method investments		379	427
Decrease (increase) of FHLBNY stock, net		213	214
Purchases of premises and equipment		(925)	(1,724)
Proceeds from redemption of bank-owned life insurance		3,200	1,010
Proceeds from sale of other real estate owned		0	2,275
Net cash (used in) provided by investing activities		(983,571)	(77,883)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in deposits		934,912	571,281
Issuance of common stock		348	0
Repurchase of shares		(11,733)	(2,920)
Dividends paid		(4,957)	(4,979)
Exercise of stock options, net of repurchases		(1,037)	(1,449)
Restricted stock unit vesting, net of repurchases		(2)	(90)
Net cash provided by financing activities		917,531	561,843
Increase (decrease) in cash, cash equivalents, and restricted cash		2,053	508,676
Cash, cash equivalents, and restricted cash at beginning of year		330,485	38,769
Cash, cash equivalents, and restricted cash at end period		332,538	547,445
Supplemental disclosures of cash flow information:
Interest paid during the period		4,278	3,113
Income taxes paid during the period		602	2,285
Supplemental non-cash investing activities:
Loans transferred to held-for-sale		8,140	0
Loans transferred to other real estate owned		0	2,682
Purchase (sale) of securities available for sale, net not settled		0	27,000
Securities available-for-sale transferred to held-to-maturity		$ 260,112	$ 0
[1]Includes $1.4 million and $1.0 million of right of use asset amortization for the respective periods[2]Includes $1.8 million and $0.7 million accretion of operating lease liabilities for the respective periods

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (unaudited) (Parenthetical) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Statement of Cash Flows [Abstract]
Right of use asset amortization	$ 1.4	$ 1
Accretion of operating lease liabilities	$ 1.8	$ 0.7

BASIS OF PRESENTATION AND CONSO

BASIS OF PRESENTATION AND CONSOLIDATION	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND CONSOLIDATION	BASIS OF PRESENTATION AND CONSOLIDATION Basis of Accounting and Changes in Significant Accounting Policies In this discussion, unless the context indicates otherwise, references to “we,” “us,” “our” and the “Company” refer to Amalgamated Financial Corp. and Amalgamated Bank. References to the “Bank” refer to Amalgamated Bank. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America, or GAAP and predominant practices within the banking industry. The Company uses the accrual basis of accounting for financial statement purposes. The accompanying unaudited consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries and its majority-owned subsidiaries and have been prepared in accordance with instructions to Form 10-Q and therefore do not include all information and footnotes necessary for a fair presentation of financial position, results of operations, and cash flows in conformity with GAAP. All significant inter-company transactions and balances are eliminated in consolidation. In the opinion of management, all adjustments necessary for a fair presentation of the consolidated financial position and the results of operations as of the dates and for the interim periods presented have been included. A more detailed description of our accounting policies is included in the Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Annual Report”). There have been no significant changes to our accounting policies, or the estimates made pursuant to those policies as described in our 2021 Annual Report. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes appearing in the 2021 Annual Report. Reclassifications

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The Company records unrealized gains and losses, net of taxes, on securities available for sale in other comprehensive income (loss) in the Consolidated Statements of Changes in Stockholders’ Equity. Gains and losses on securities available for sale are reclassified to operations as the gains or losses are recognized. Other-than-temporary impairment (“OTTI”) losses on debt securities are reflected in earnings as realized losses to the extent the impairment is related to credit losses. The amount of the impairment related to other factors is recognized in other comprehensive income (loss). The Company also recognizes as a component of other comprehensive income (loss) the actuarial gains or losses as well as the prior service costs or credits that arise during the period from post-retirement benefit plans. Other comprehensive income (loss) components and related income tax effects were as follows: Three Months Ended Six Months Ended 2022 2021 2022 2021 (In thousands) Change in obligation for postretirement benefits and for prior service credit $ 51 $ 52 $ 102 $ 106 Change in obligation for other benefits 8 40 16 (371) Change in total obligation for postretirement benefits and for prior service credit and for other benefits 59 92 118 (265) Income tax effect (16) 98 (32) 55 Net change in total obligation for postretirement benefits and prior service credit and for other benefits 43 190 86 (210) Unrealized holding gains (losses) on available for sale securities (52,334) $ 4,055 (116,038) $ (1,381) Reclassification adjustment for losses (gains) realized in income 582 (321) 417 (339) Change in unrealized gains (losses) on available for sale securities (51,752) 3,734 (115,621) (1,720) Accretion of net unrealized loss on securities transferred to held to maturity 209 — 209 — Income tax effect 14,178 (1,020) 31,749 469 Net change in unrealized gains (losses) on securities (37,365) 2,714 (83,663) (1,251) Total $ (37,322) $ 2,904 $ (83,577) $ (1,461) The following represents the reclassifications out of accumulated other comprehensive income (loss): Three Months Ended Six Months Ended Affected Line Item in the Consolidated Statements of Income 2022 2021 2022 2021 (In thousands) Realized gains (losses) on sale of available for sale securities $ (582) $ 321 $ (420) $ 342 Gain (loss) on sale of securities Recognized gains (losses) on OTTI securities — — 3 (3) Non-Interest Income - other Accretion of net unrealized loss on securities transferred to held to maturity 209 — 209 — Interest and dividend income - securities Income tax expense (benefit) (100) 88 (54) 93 Income tax expense (benefit) Total reclassifications, net of income tax $ (273) $ 233 $ (154) $ 246 Prior service credit on pension plans and other postretirement benefits $ 7 $ 7 $ 14 $ 14 Compensation and employee benefits Income tax expense (benefit) (2) (2) (4) (4) Income tax expense (benefit) Total reclassifications, net of income tax $ 5 $ 5 $ 10 $ 10 Total reclassifications, net of income tax $ (268) $ 238 $ (144) $ 256

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES The amortized cost and fair value of investment securities available for sale and held to maturity as of June 30, 2022 are as follows: June 30, 2022 Amortized Gross Gross Fair (In thousands) Available for sale: Mortgage-related: GSE residential certificates $ 3,260 $ — $ (123) $ 3,137 GSE residential CMOs 498,508 477 (22,748) 476,237 GSE commercial certificates & CMO 314,249 145 (4,360) 310,034 Non-GSE residential certificates 130,690 — (10,548) 120,142 Non-GSE commercial certificates 115,068 — (7,228) 107,840 1,061,775 622 (45,007) 1,017,390 Other debt: U.S. Treasury 199 — (5) 194 ABS 958,114 23 (31,184) 926,953 Trust preferred 14,634 — (1,133) 13,501 Corporate 158,935 — (11,426) 147,509 1,131,882 23 (43,748) 1,088,157 Total available for sale $ 2,193,657 $ 645 $ (88,755) $ 2,105,547 Held to maturity: Mortgage-related: GSE CMOs $ 73,842 $ 29 $ (89) $ 73,782 GSE commercial certificates 80,742 141 (5,445) 75,438 GSE residential certificates 435 — (7) 428 Non GSE commercial certificates 32,601 — (1,784) 30,817 Non GSE residential certificates 52,892 — (2,824) 50,068 240,512 170 (10,149) 230,533 Other debt: ABS 294,596 73 (6,786) 287,883 Commercial PACE 212,180 — (8,528) 203,652 Residential PACE 529,966 — (21,414) 508,552 Municipal 96,412 233 (12,201) 84,444 Other 2,000 — (6) 1,994 1,135,154 306 (48,935) 1,086,525 Total held to maturity $ 1,375,666 $ 476 $ (59,084) $ 1,317,058 As of June 30, 2022, available for sale securities with a fair value of $830.6 million were pledged with $319.7 million held-to-maturity securities being pledged. The majority of the securities were pledged to the Federal Home Loan Bank of New York (“FHLB”) to secure outstanding advances, letters of credit and to provide additional borrowing potential. In addition, securities were pledged to provide capacity to borrow from the Federal Reserve Bank and to collateralize municipal deposits. The amortized cost and fair value of investment securities available for sale and held to maturity as of December 31, 2021 are as follows: December 31, 2021 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale: Mortgage-related: GSE residential certificates $ 3,838 $ 129 $ — $ 3,967 GSE residential CMOs 460,571 5,697 (2,385) 463,883 GSE commercial certificates & CMO 364,274 6,855 (765) 370,364 Non-GSE residential certificates 66,756 29 (646) 66,139 Non-GSE commercial certificates 81,705 12 (616) 81,101 977,144 12,722 (4,412) 985,454 Other debt: U.S. Treasury 200 — — 200 ABS 988,061 3,351 (2,224) 989,188 Trust preferred 14,631 — (484) 14,147 Corporate 123,013 1,681 (273) 124,421 1,125,905 5,032 (2,981) 1,127,956 Total available for sale $ 2,103,049 $ 17,754 $ (7,393) $ 2,113,410 Held to maturity: Mortgage-related: GSE commercial certificates $ 30,742 $ — $ (489) $ 30,253 GSE residential certificates 442 19 — 461 Non GSE commercial certificates 10,333 13 (288) 10,058 Non GSE residential certificates 10,796 5 — 10,801 52,313 37 (777) 51,573 Other debt: ABS 75,800 1 (50) 75,751 PACE 627,394 5,933 — 633,327 Municipal 84,962 2,045 (1,056) 85,951 Other 3,100 2 — 3,102 791,256 7,981 (1,106) 798,131 Total held to maturity $ 843,569 $ 8,018 $ (1,883) $ 849,704 The Company reassessed the classification of certain investments during the three months ended June 30, 2022 and transferred securities with a book value of $277.3 million from available-for-sale to held-to-maturity. The transfer occurred at a fair value totaling $260.1 million. The related unrealized losses of $17.1 million were converted to a discount that is being accreted through interest income on a level-yield method over the term of the securities, while the unrealized losses recorded in other comprehensive income are amortized out of other comprehensive income through interest income on a level-yield method over the remaining term of securities, with no net change to interest income. No gain or loss was recorded at the time of transfer. There were no transfers to or from securities held-to-maturity during the three or six months ended June 30, 2021. The following table summarizes the amortized cost and fair value of debt securities available for sale and held to maturity, exclusive of mortgage-backed securities, by their contractual maturity as of June 30, 2022. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalty: Available for Sale Held to Maturity Amortized Fair Value Amortized Fair Value (In thousands) Due within one year $ — $ — $ 2,000 $ 1,994 Due after one year through five years 104,445 97,688 9,410 9,283 Due after five years through ten years 456,022 443,596 6,997 6,952 Due after ten years 571,415 546,873 1,116,747 1,068,296 $ 1,131,882 $ 1,088,157 $ 1,135,154 $ 1,086,525 Three Months Ended, Six Months Ended, June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021 (In thousands) Proceeds $ 35,789 $ 48,345 $ 35,951 $ 62,883 Realized gains $ — $ 490 $ 162 $ 562 Realized losses (582) (169) (582) (220) Net realized gains (losses) $ (582) $ 321 $ (420) $ 342 The following summarizes the fair value and unrealized losses for those available for sale and held to maturity securities as of June 30, 2022 and December 31, 2021, respectively, segregated between securities that have been in an unrealized loss position for less than twelve months and those that have been in a continuous unrealized loss position for twelve months or longer at the respective dates: June 30, 2022 Less Than Twelve Months Twelve Months or Longer Total (In thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Available for sale: Mortgage-related: GSE residential certificates $ 3,137 $ (123) $ — $ — $ 3,137 $ (123) GSE residential CMOs 288,774 (12,940) 113,695 (9,808) 402,469 (22,748) GSE commercial certificates & CMO 96,499 (2,981) 86,999 (1,379) 183,498 (4,360) Non-GSE residential certificates 94,796 (7,471) 25,346 (3,077) 120,142 (10,548) Non-GSE commercial certificates 92,746 (6,259) 15,017 (969) 107,763 (7,228) Other debt: US Treasury 194 (5) — — 194 (5) ABS 771,008 (23,367) 148,131 (7,817) 919,139 (31,184) Trust preferred — — 13,501 (1,133) 13,501 (1,133) Corporate 137,539 (10,396) 9,970 (1,030) 147,509 (11,426) Total available for sale $ 1,484,693 $ (63,542) $ 412,659 $ (25,213) $ 1,897,352 $ (88,755) Held to maturity: Mortgage-related: GSE CMOs $ 52,217 $ (89) $ — $ — $ 52,217 $ (89) GSE commercial certificates 30,340 (3,124) 17,688 — (2,321) 48,028 (5,445) GSE residential certificates 428 (7) — — 428 (7) Non GSE commercial certificates 11,489 (181) 19,166 — (1,603) 30,655 (1,784) Non GSE residential certificates 50,068 (2,824) — — 50,068 (2,824) Other debt: ABS 257,471 (6,398) 15,523 (388) 272,994 (6,786) Commercial PACE 203,652 (8,528) — — 203,652 (8,528) Residential PACE 508,552 (21,414) — — 508,552 (21,414) Municipal 57,602 (8,397) 11,024 (3,804) 68,626 (12,201) Other 1,994 (6) — — 1,994 (6) Total held to maturity $ 1,173,813 $ (50,968) $ 63,401 $ (8,116) $ 1,237,214 $ (59,084) December 31, 2021 Less Than Twelve Months Twelve Months or Longer Total (In thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Available for sale: Mortgage-related: GSE residential CMOs $ 222,825 $ (2,385) $ — $ — $ 222,825 $ (2,385) GSE commercial certificates & CMO 28,695 (271) 159,681 (494) 188,376 (765) Non-GSE residential certificates 55,284 (646) — — 55,284 (646) Non-GSE commercial certificates 42,530 (247) 23,124 (369) 65,654 (616) Other debt: ABS 374,241 (1,903) 71,746 (321) 445,987 (2,224) Trust preferred — — 14,147 (484) 14,147 (484) Corporate 48,743 (273) — — 48,743 (273) Total available for sale $ 772,318 $ (5,725) $ 268,698 $ (1,668) $ 1,041,016 $ (7,393) Held to maturity: Mortgage-related: GSE commercial certificates $ 30,253 $ (489) $ — $ — $ 30,253 $ (489) Non GSE commercial certificates 9,857 (288) — — 9,857 (288) Other debt: ABS 26,951 (50) — — 26,951 (50) Municipal 38,468 (852) 3,876 (204) 42,344 (1,056) Total held to maturity $ 105,529 $ (1,679) $ 3,876 $ (204) $ 109,405 $ (1,883) The temporary impairment of fixed income securities is primarily attributable to changes in overall market interest rates and/or changes in credit spreads since the investments were acquired. In general, as market interest rates rise and/or credit spreads widen, the fair value of fixed rate securities will decrease, as market interest rates fall and/or credit spreads tighten, the fair value of fixed rate securities will increase. Management considers that the temporary impairment of the Company’s investments in trust preferred securities (“TruPs”) as of June 30, 2022 is primarily due to a widening of credit spreads since the time these investments were acquired, as well as market uncertainty for this class of investments. All of the TruPs were rated investment grade by not less than three nationally recognized statistical rating organization’s (“NRSROs”). All of the issues are current as to their dividend payments and management is not aware of a decision of any trust preferred issuer to exercise its option to defer dividend payments. As of June 30, 2022, excluding GSE and U.S. Treasury securities and TruPs, discussed above, temporarily impaired securities totaled $2.5 billion with an unrealized loss of $124.1 million. With the exception of PACE securities, which are generally not rated, these securities were rated investment grade by at least one NRSRO with no ratings below investment grade. All issues were current as to their interest payments. We have had insignificant losses on PACE bonds that we have invested in and are not aware of any significant losses in the sector given the low LTV position and the superior lien position on the property. Management considers that the temporary impairment of these investments as of June 30, 2022 is primarily due to an increase in interest rates since the time these investments were acquired. With respect to the Company’s security investments that are temporarily impaired as of June 30, 2022, management does not intend to sell these investments and does not believe it will be necessary to do so before anticipated recovery. The Company expects to collect all amounts due according to the contractual terms of these investments. Therefore, the Company does not consider these securities to be other-than-temporarily impaired at June 30, 2022. None of these positions or other securities held in the portfolio or sold during the year were purchased with the intent of selling them or would otherwise be classified as trading securities under ASC No. 320, Investments – Debt Securities. During the three months ended June 30, 2022 and June 30, 2021, the Company recaptured no OTTI. For the six months ended June 30, 2022, the Company recorded $3.1 thousand OTTI, compared to a $2.7 thousand recapture of OTTI f or the same period in 2021. Events which may cause material declines in the fair value of debt investments may include, but are not limited to, deterioration of credit metrics, higher incidences of default, worsening liquidity, worsening global or domestic economic conditions or adverse regulatory action. Management does not believe that there are any cases of unrecorded OTTI as of June 30, 2022; however, it is possible that the Company may recognize OTTI in future periods.

LOANS RECEIVABLE, NET

LOANS RECEIVABLE, NET	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
LOANS RECEIVABLE, NET	LOANS RECEIVABLE, NET Loans receivable are summarized as follows: June 30, December 31, (In thousands) Commercial and industrial $ 743,403 $ 729,385 Multifamily 853,514 821,801 Commercial real estate 340,987 369,429 Construction and land development 43,212 31,539 Total commercial portfolio 1,981,116 1,952,154 Residential real estate lending 1,236,088 1,063,682 Consumer and other 426,394 291,818 Total retail portfolio 1,662,482 1,355,500 Total loans receivable 3,643,598 3,307,654 Net deferred loan origination costs (fees) 4,806 4,570 Total loans receivable, net of deferred loan origination costs (fees) 3,648,404 3,312,224 Allowance for loan losses (39,477) (35,866) Total loans receivable, net $ 3,608,927 $ 3,276,358 The following table presents information regarding the quality of the Company’s loans as of June 30, 2022: 30-89 Days Non- 90 Days or Total Past Current Current Total Loans (In thousands) Commercial and industrial $ — $ — $ — $ — $ 9,550 $ 733,853 $ 743,403 Multifamily — 3,494 — 3,494 — 850,020 853,514 Commercial real estate 3,987 3,033 — 7,020 898 333,069 340,987 Construction and land development — 5,053 — 5,053 — 38,159 43,212 Total commercial portfolio 3,987 11,580 — 15,567 10,448 1,955,101 1,981,116 Residential real estate lending 1,664 898 — 2,562 — 1,233,526 1,236,088 Consumer and other 2,656 1,471 — 4,127 — 422,267 426,394 Total retail portfolio 4,320 2,369 — 6,689 — 1,655,793 1,662,482 $ 8,307 $ 13,949 $ — $ 22,256 $ 10,448 $ 3,610,894 $ 3,643,598 The following table presents information regarding the quality of the Company’s loans as of December 31, 2021: 30-89 Days Past Due Non- Accrual 90 Days or More Delinquent and Still Accruing Interest Total Past Due Current and Not Accruing Interest Current Total Loans Receivable (In thousands) Commercial and industrial $ — $ 8,313 $ — $ 8,313 $ — $ 721,072 $ 729,385 Multifamily 13,537 2,907 — 16,444 — 805,357 821,801 Commercial real estate 21,599 4,054 — 25,653 — 343,776 369,429 Construction and land development 26,482 — — 26,482 — 5,057 31,539 Total commercial portfolio 61,618 15,274 — 76,892 — 1,875,262 1,952,154 Residential real estate lending 4,811 12,525 — 17,336 — 1,046,346 1,063,682 Consumer and other 1,590 420 — 2,010 — 289,808 291,818 Total retail portfolio 6,401 12,945 — 19,346 — 1,336,154 1,355,500 Total $ 68,019 $ 28,219 $ — $ 96,238 $ — $ 3,211,416 $ 3,307,654 For a loan modification to be considered a troubled debt restructuring ("TDR") in accordance with ASC 310-40, both of the following conditions must be met: the borrower is experiencing financial difficulty, and the creditor has granted a concession (except for an “insignificant delay in payment”, defined as six months or less). Loans modified as TDRs are placed on non-accrual status until the Company determines that future collection of principal and interest is reasonably assured, which generally requires that the borrower demonstrate performance according to the restructured terms for a period of at least six months. The Company’s TDRs primarily involve rate reductions, forbearance of arrears or extension of maturity. TDRs are included in total impaired loans as of the respective date. The following table presents information regarding the Company’s TDRs as of June 30, 2022 and December 31, 2021: June 30, 2022 December 31, 2021 (In thousands) Accruing Non- Accrual Total Accruing Non- Total Commercial and industrial $ 10,113 $ 7,804 $ 17,917 $ 4,052 $ 8,313 $ 12,365 Multifamily 10,483 — 10,483 — — — Commercial real estate — 3,033 3,033 — 3,166 3,166 Construction and land development 2,424 5,053 7,477 7,476 — 7,476 Residential real estate lending 12,663 398 13,061 13,469 2,018 15,487 $ 35,683 $ 16,288 $ 51,971 $ 24,997 $ 13,497 $ 38,494 The following tables present loans that were classified as TDRs during the three and six months ended June 30, 2022 and 2021. The pre-modification balances represent the recorded investment immediately prior to the modification, and the post-modification balances represent the recorded investment as of the dates indicated. Three Months Ended Three Months Ended (In thousands) Number of Loans Pre-Modification Balance Post-Modification Balance Number of Loans Pre-Modification Balance Post-Modification Balance Commercial and industrial 2 $ 6,435 $ 6,435 — $ — $ — Construction and land development — — — 1 2,779 2,779 Total loans 2 $ 6,435 $ 6,435 1 $ 2,779 $ 2,779 Six Months Ended Six Months Ended (In thousands) Number of Loans Pre-Modification Balance Post-Modification Balance Number of Loans Pre-Modification Balance Post-Modification Balance Commercial and industrial 2 $ 6,435 $ 6,435 — $ — $ — Commercial real estate 2 10,000 10,483 — — — Construction and land development — — — 1 2,779 2,779 Total loans 4 $ 16,435 $ 16,918 1 $ 2,779 $ 2,779 The following tables summarize the Company’s loan portfolio by credit quality indicator as of June 30, 2022: (In thousands) Pass Special Mention Substandard Doubtful Total Commercial and industrial $ 710,534 $ 7,923 $ 24,946 $ — $ 743,403 Multifamily 800,167 25,433 27,914 — 853,514 Commercial real estate 301,243 20,966 18,778 — 340,987 Construction and land development 35,736 — 7,476 — 43,212 Residential real estate lending 1,235,190 — 898 — 1,236,088 Consumer and other 424,923 — 1,471 — 426,394 Total loans $ 3,507,793 $ 54,322 $ 81,483 $ — $ 3,643,598 The following tables summarize the Company’s loan portfolio by credit quality indicator as of December 31, 2021: (In thousands) Pass Special Mention Substandard Doubtful Total Commercial and industrial $ 693,312 $ 10,165 $ 25,908 $ — $ 729,385 Multifamily 721,869 48,804 51,128 — 821,801 Commercial real estate 295,261 13,947 60,221 — 369,429 Construction and land development 24,063 — 7,476 — 31,539 Residential real estate lending 1,050,865 292 12,525 — 1,063,682 Consumer and other 291,398 — 420 — 291,818 Total loans $ 3,076,768 $ 73,208 $ 157,678 $ — $ 3,307,654 The above classifications follow regulatory guidelines and can be generally described as follows: • pass loans are of satisfactory quality; • special mention loans have a potential weakness or risk that may result in the deterioration of future repayment; • substandard loans are inadequately protected by the current net worth and paying capacity of the borrower or of the collateral pledged (these loans have a well-defined weakness, and there is a distinct possibility that the Company will sustain some loss); and • doubtful loans, based on existing circumstances, have weaknesses that make collection or liquidation in full highly questionable and improbable. In addition, residential loans are classified utilizing an inter-agency methodology that incorporates the extent of delinquency. Assigned risk rating grades are continuously updated as new information is obtained. The following table provides information regarding the methods used to evaluate the Company’s loans for impairment by portfolio, and the Company’s allowance by portfolio based upon the method of evaluating loan impairment as of June 30, 2022: (In thousands) Commercial and Industrial Multifamily Commercial Real Estate Construction and Land Development Residential Real Estate Lending Consumer and Other Total Loans: Individually evaluated for impairment $ 21,134 $ 13,977 $ 3,931 $ 7,477 $ 13,561 $ — $ 60,080 Collectively evaluated for impairment 722,269 839,537 337,056 35,735 1,222,527 426,394 3,583,518 Total loans $ 743,403 $ 853,514 $ 340,987 $ 43,212 $ 1,236,088 $ 426,394 $ 3,643,598 Allowance for loan losses: Individually evaluated for impairment $ 5,309 $ 179 $ — $ — $ 590 $ — $ 6,078 Collectively evaluated for impairment 9,308 4,218 5,726 709 9,714 3,724 33,399 Total allowance for loan losses $ 14,617 $ 4,397 $ 5,726 $ 709 $ 10,304 $ 3,724 $ 39,477 The following table provides information regarding the methods used to evaluate the Company’s loans for impairment by portfolio, and the Company’s allowance by portfolio based upon the method of evaluating loan impairment as of December 31, 2021: (In thousands) Commercial and Industrial Multifamily Commercial Real Estate Construction and Land Development Residential Real Estate Lending Consumer and Other Total Loans: Individually evaluated for impairment $ 12,785 $ 2,907 $ 4,054 $ 7,476 $ 25,994 $ — $ 53,216 Collectively evaluated for impairment 716,600 818,894 365,375 24,063 1,037,688 291,818 3,254,438 Total loans $ 729,385 $ 821,801 $ 369,429 $ 31,539 $ 1,063,682 $ 291,818 $ 3,307,654 Allowance for loan losses: Individually evaluated for impairment $ 4,350 $ — $ — $ — $ 755 $ — $ 5,105 Collectively evaluated for impairment 6,302 4,760 7,273 405 8,253 3,768 30,761 Total allowance for loan losses $ 10,652 $ 4,760 $ 7,273 $ 405 $ 9,008 $ 3,768 $ 35,866 The activities in the allowance by portfolio for the three months ended June 30, 2022 are as follows: (In thousands) Commercial and Industrial Multifamily Commercial Real Estate Construction and Land Development Residential Real Estate Lending Consumer and Other Total Allowance for loan losses: Beginning balance $ 12,169 $ 4,232 $ 6,840 $ 654 $ 9,336 $ 4,311 $ 37,542 Provision for (recovery of) loan losses 2,442 165 (1,114) 54 1,076 289 2,912 Charge-offs — — — — (782) (995) (1,777) Recoveries 6 — — 1 674 119 800 Ending Balance $ 14,617 $ 4,397 $ 5,726 $ 709 $ 10,304 $ 3,724 $ 39,477 The activities in the allowance by portfolio for the three months ended June 30, 2021 are as follows: (In thousands) Commercial and Industrial Multifamily Commercial Real Estate Construction and Land Development Residential Real Estate Lending Consumer and Other Total Allowance for loan losses: Beginning balance $ 8,692 $ 6,125 $ 8,464 $ 1,391 $ 10,747 $ 1,243 $ 36,662 Provision for (recovery of) loan losses 3,397 (453) (76) 58 (1,446) 202 1,682 Charge-offs — — — — (60) (836) (896) Recoveries 3 — — — 544 17 564 Ending Balance $ 12,092 $ 5,672 $ 8,388 $ 1,449 $ 9,785 $ 626 $ 38,012 The activities in the allowance by portfolio for the six months ended June 30, 2022 are as follows: (In thousands) Commercial and Industrial Multifamily Commercial Real Estate Construction and Land Development Residential Real Estate Lending Consumer and Other Total Allowance for loan losses: Beginning balance $ 10,652 $ 4,760 $ 7,273 $ 405 $ 9,008 $ 3,768 $ 35,866 Provision for (recovery of) loan losses 3,953 53 (1,547) 302 792 1,652 5,205 Charge-offs — (416) — — (821) (1,863) (3,100) Recoveries 12 — — 2 1,325 167 1,506 Ending Balance $ 14,617 $ 4,397 $ 5,726 $ 709 $ 10,304 $ 3,724 $ 39,477 The activities in the allowance by portfolio for the six months ended June 30, 2021 are as follows: (In thousands) Commercial and Industrial Multifamily Commercial Real Estate Construction and Land Development Residential Real Estate Lending Consumer and Other Total Allowance for loan losses: Beginning balance $ 9,065 $ 10,324 $ 6,213 $ 2,077 $ 12,330 $ 1,580 $ 41,589 Provision for (recovery of) loan losses 2,820 (2,744) 2,175 (629) (3,383) 182 (1,579) Charge-offs — (1,908) — — (201) (1,176) (3,285) Recoveries 207 — — 1 1,039 40 1,287 Ending Balance $ 12,092 $ 5,672 $ 8,388 $ 1,449 $ 9,785 $ 626 $ 38,012 The following is additional information regarding the Company’s individually impaired loans and the allowance related to such loans as of and for the year ended June 30, 2022 and December 31, 2021: June 30, 2022 (In thousands) Recorded Average Unpaid Related Loans without a related allowance: Residential real estate lending $ 485 $ 3,018 $ 2,689 $ — Construction and land development 7,477 7,477 7,476 — Commercial real estate 3,931 3,960 4,997 — 11,893 14,455 25,809 — Loans with a related allowance: Residential real estate lending 13,076 13,783 15,747 590 Multifamily 13,977 13,999 14,141 179 Commercial and industrial 21,134 16,905 21,834 5,309 48,187 44,687 51,722 6,078 Total individually impaired loans: Residential real estate lending 13,561 16,801 18,436 590 Multifamily 13,977 13,999 24,788 179 Construction and land development 7,477 7,477 7,476 — Commercial real estate 3,931 3,960 4,997 — Commercial and industrial 21,134 16,905 21,834 5,309 $ 60,080 $ 59,142 $ 77,531 $ 6,078 December 31, 2021 (In thousands) Recorded Investment Average Recorded Investment Unpaid Principal Balance Related Allowance Loans without a related allowance: Residential real estate lending $ 10,507 $ 15,666 $ 11,896 $ — Construction and land development 7,476 9,330 7,476 — Commercial real estate 4,054 3,744 4,953 — 22,037 28,740 24,325 — Loans with a related allowance: Residential real estate lending 15,487 18,120 19,306 755 Multifamily 2,907 6,241 8,024 — Commercial and industrial 12,785 13,746 13,207 4,350 31,179 38,107 40,537 5,105 Total individually impaired loans: Residential real estate lending 25,994 33,786 31,202 755 Multifamily 2,907 6,241 8,024 — Construction and land development 7,476 9,330 7,476 — Commercial real estate 4,054 3,744 4,953 — Commercial and industrial 12,785 13,746 13,207 4,350 $ 53,216 $ 66,847 $ 64,862 $ 5,105 As of June 30, 2022 and December 31, 2021, mortgage loans with an unpaid principal balance of $0.8 billion and $1.1 billion respectively, were pledged to the FHLB to secure outstanding advances and letters of credit. There were $1.1 million in related party loans outstanding as of June 30, 2022 compared to $0.5 million related party loans for December 31, 2021.

DEPOSITS

DEPOSITS	6 Months Ended
	Jun. 30, 2022
Statistical Disclosure for Banks [Abstract]
DEPOSITS	DEPOSITS Deposits are summarized as follows: June 30, 2022 December 31, 2021 Amount Weighted Average Rate Amount Weighted Average Rate (In thousands) Non-interest bearing demand deposit accounts $ 3,965,907 0.00 % $ 3,335,005 0.00 % NOW accounts 208,795 0.13 % 210,844 0.08 % Money market deposit accounts 2,540,657 0.20 % 2,227,953 0.12 % Savings accounts 388,185 0.15 % 375,301 0.11 % Time deposits 187,623 0.30 % 207,152 0.32 % $ 7,291,167 0.09 % $ 6,356,255 0.06 % The scheduled maturities of time deposits as of June 30, 2022 are as follows: (In thousands) 2022 $ 123,728 2023 50,051 2024 7,191 2025 4,646 2026 1,764 Thereafter 243 $ 187,623 Time deposits of $250,000 or more totaled $47.5 million as of June 30, 2022 and $43.7 million as of December 31, 2021. From time to time the Bank will issue time deposits through the Certificate of Deposit Account Registry Service (“CDARS”) for the purpose of providing FDIC insurance to bank customers with balances in excess of FDIC insurance limits. CDARS deposits totaled approximately $41.7 million and $56.0 million as of June 30, 2022 and December 31, 2021, respectively, and are included in Time deposits above. Our total deposits included deposits from Workers United and its related entities in the amounts of $95.9 million as of June 30, 2022 and $99.9 million as of December 31, 2021. Included in total deposits are state and municipal deposits totaling $39.3 million and $65.5 million as of June 30, 2022 and December 31, 2021, respectively. Such deposits are secured by letters of credit issued by the FHLB or by securities pledged with the FHLB.

BORROWED FUNDS

BORROWED FUNDS	6 Months Ended
	Jun. 30, 2022
Federal Home Loan Banks [Abstract]
BORROWED FUNDS	BORROWED FUNDS On Novem ber 8, 2021, the Company completed a public offering of $85.0 million of aggregated principal amount of 3.250% Fixed-to-Floating Rate subordinated notes due 2031 (the "Notes"). The fixed rate period is defined from and including November 8, 2021 to, but excluding, November 15, 2026, or the date of earlier redemption. The floating rate period is defined from and including November 15, 2026 to, but excluding, November 15, 2031, or the date of earlier redemption. The floating rate per annum is equal to three-month term SOFR (the "benchmark rate") plus a spread of 230 basis points for each quarterly interest period during the floating rate period, provided however, that if the benchmark rate is less than zero, the benchmark rate shall be deemed to be zero. The subordinated notes will mature on November 15, 2031. The Company may, at its option, beginning with the interest payment date of November 15, 2026, and on any interest payment date thereafter, redeem the Notes, in whole or in part, from time to time, subject to obtaining prior approval of the Board of Governors of the Federal Reserve System (the "Federal Reserve Board") to the extent such approval is then required under the capital adequacy rules of the Federal Reserve Board, at a redemption price equal to 100% of the principal amount of the Notes being redeemed, plus accrued and unpaid interest to, but excluding, the date of redemption. FHLB advances are collateralized by the FHLB stock owned by the Bank plus a pledge of other eligible assets comprised of securities and mortgage loans. Assets are pledged to collateral capacity. As of June 30, 2022, the value of the other eligible assets had an estimated market value net of haircut totaling $1.4 billion (comprised of securities of $779.3 million and mortgage loans of $646.7 million). The fair value of assets pledged to the FHLB is required to be not less than 110% of the outstanding advances. There were no outstanding FHLB advances as of June 30, 2022 or December 31, 2021.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Under the two-class method, earnings available to common stockholders for the period are allocated between common stockholders and participating securities according to participation rights in undistributed earnings. Our time-based and performance-based restricted stock units are not considered participating securities as they do not recei ve dividend distributions until satisfaction of the related vesting requirements. As of June 30, 2022 and June 30, 2021, we had 0.4 million and 0.1 million anti-dilutive shares, respectively. Following is a table setting forth the factors used in the earnings per share computation follow: Three Months Six Months Ended 2022 2021 2022 2021 (In thousands, except per share amounts) Net income attributable to Amalgamated Financial Corp. $ 19,613 $ 10,408 $ 33,778 $ 22,597 Dividends paid on preferred stock — — — — Income attributable to common stock $ 19,613 $ 10,408 $ 33,778 $ 22,597 Weighted average common shares outstanding, basic 30,818 31,136 30,962 31,109 Basic earnings per common share $ 0.64 $ 0.33 $ 1.09 $ 0.73 Income attributable to common stock $ 19,613 $ 10,408 $ 33,778 $ 22,597 Weighted average common shares outstanding, basic 30,818 31,136 30,962 31,109 Incremental shares from assumed conversion of options and RSUs 371 436 371 436 Weighted average common shares outstanding, diluted 31,189 31,572 31,332 31,545 Diluted earnings per common share $ 0.63 $ 0.33 $ 1.08 $ 0.72

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	6 Months Ended
	Jun. 30, 2022
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS Long Term Incentive Plans Stock Options: The Company does not currently maintain an active stock option plan that is available for issuing new options. As of January 1, 2021, all options are fully vested and the Company will not incur any further expense related to options. A summary of the status of the Company’s options as of June 30, 2022 follows: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Intrinsic Value (in thousands) Outstanding, December 31, 2021 847,560 $ 13.19 4.3 years Granted — — — Forfeited/ Expired — — — Exercised (302,260) 13.24 — Outstanding, June 30, 2022 545,300 13.16 3.7 years $ 3,609 Vested and Exercisable, June 30, 2022 545,300 $ 13.16 3.7 years $ 3,609 The range of exercise prices is $11.00 to $14.65 per share. As noted above, there was no compensation cost attributable to the options for the six months ended June 30, 2022 or for the six months ended June 30, 2021. Restricted Stock Units: The Amalgamated Financial Corp. 2022 Equity Incentive Plan (the “Equity Plan”) provides for the grant of stock-based incentive awards to employees and directors of the Company. The number of shares of common stock of the Company available for stock-based awards in the Equity Plan is 1,250,000 of which 468,207 shares were available for issuance as of June 30, 2022. During the six months ended June 30, 2022, the Company granted 153,738 restricted stock units (“RSUs”) to employees under the Equity Plan and reserved 184,179 shares for issuance upon vesting assuming the Company’s employees achieve the maximum share payout. Of the 153,738 RSUs granted to employees, 92,857 RSUs time-vest ratably over three years and were granted at a fair value of $17.47 per share and 60,881 RSUs were performance-based and are more fully described below: • The Company granted 16,536 performance-based RSUs at a fair value of $17.47 per share and 14,376 performance-based RSUs at a fair value of $17.39 per share which vest subject to the achievement of the Company’s corporate goal for the three-year period from December 31, 2021 to December 31, 2024. The corporate goal is based on the Company achieving a target increase in Tangible Book Value, adjusted for certain factors. The minimum and maximum awards that are achievable are 0 and 46,368 shares, respectively. • The Company granted 29,969 market-based RSUs at a fair value of $17.91 per share which vest subject to the Bank’s relative total shareholder return compared to a group of peer banks over a three-year period from February 3, 2021 to February 2, 2024. The minimum and maximum awards that are achievable are 0 and 44,954 shares, respectively. A summary of the status of the Company’s employee RSUs as of June 30, 2022 follows: Shares Grant Date Fair Value Unvested, December 31, 2021 401,585 $ 16.50 Awarded 153,738 17.47 Forfeited/Expired (56,190) 15.83 Vested (152,146) 16.42 Unvested, June 30, 2022 346,987 $ 17.07 Of the 346,987 unvested RSUs on June 30, 2022, the minimum units that will vest, solely due to a service test, are 264,933. The maximum units that will vest, assuming the highest payout on performance and market-based units, are 460,278. Compensation expense attributable to the employee RSUs was $0.6 million and $1.1 million for the three and six months ended June 30, 2022, respectively and $0.3 million and $0.8 million for the three and six months ended June 30, 2021, respectively. As of June 30, 2022, there was $3.8 million of total unrecognized compensation cost related to the non-vested RSUs granted to employees. This expense may increase or decrease depending on the expected number of performance-based shares to be issued. This expense is expected to be recognized over 1.9 years. During the six months ended June 30, 2022, the Company granted 30,217 RSUs to directors under the Equity Plan that vest after one year. The Company recorded an expense of $0.1 million and $0.3 million for the three and six months ended June 30, 2022 and 2021. As of June 30, 2022, there was $0.5 million unrecognized cost related to the non-vested RSUs granted to directors. Employee Stock Purchase Plan On April 28, 2021, the Company's stockholders approved the Amalgamated Financial Corp. Employee Stock Purchase Plan (the "ESPP") which was implemented on March 2, 2022. The aggregate number of shares of common stock that may be purchased and issued under the ESPP will not exceed 500,000 of previously authorized shares. Under the terms of the ESPP, employees may authorize the withholding of up to 15% of their eligible compensation to purchase the Company's shares of common stock, not to exceed $25,000 of the fair market value of such common stock for any calendar year. The purchase price per shares acquired under the ESPP will never be less than 85% of the fair market value of the Company's common stock on the last day of the offering period. The Company's Board of Directors in its discretion may terminate the ESPP at any time with respect to any shares for which options have not been granted. The Compensation Committee of the Board of Directors (the "Committee") has the right to amend the ESPP without the approval of our stockholders; provided, that no such change may impair the rights of a participant with respect to any outstanding offering period without the consent of such participant, other than a change determined by the Committee to be necessary to comply with applicable law. A participant may not dispose of shares acquired under the ESPP until six months following the grant date of such shares, or any earlier date as of which the Committee has determined that the participant would qualify for a hardship distribution from the Company’s 401(k) Plan. Accordingly, the fair value award associated with their discounted purchase price is expensed at the time of purchase. There were 2,905 and 14,967 shares purchased under the ESPP on March 31, 2022 and June 30, 2022, respectively.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS 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. Assumptions are developed based on prioritizing information within a fair value hierarchy that gives the highest priority to quoted prices in active markets and the lowest priority to unobservable data. A description of the disclosure hierarchy and the types of financial instruments recorded at fair value that management believes would generally qualify for each category are as follows: Level 1 - Valuations are based on quoted prices in active markets for identical assets or liabilities. Accordingly, valuation of these assets and liabilities does not entail a significant degree of judgment. Examples include most U.S. Government securities and exchange-traded equity securities. Level 2 - Valuations are based on either quoted prices in markets that are not considered to be active or significant inputs to the methodology that are observable, either directly or indirectly. Financial instruments in this level would generally include mortgage-related securities and other debt issued by GSEs, non-GSE mortgage-related securities, corporate debt, certain redeemable fund investments and certain trust preferred securities. Level 3 - Valuations are based on inputs to the methodology that are unobservable and significant to the fair value measurement. These inputs reflect management’s own judgments about the assumptions that market participants would use in pricing the assets and liabilities. The following summarizes those financial instruments measured at fair value in the Consolidated Statements of Financial Condition categorized by the relevant class of investment and level of the fair value hierarchy: June 30, 2022 (In thousands) Level 1 Level 2 Level 3 Total Available for sale securities: Mortgage-related: GSE residential certificates $ — $ 3,137 $ — $ 3,137 GSE residential CMOs — 476,237 — 476,237 GSE commercial certificates & CMO — 310,034 — 310,034 Non-GSE residential certificates — 120,142 — 120,142 Non-GSE commercial certificates — 107,840 — 107,840 Other debt: U.S. Treasury 194 — — 194 ABS — 926,953 — 926,953 Trust preferred — 13,501 — 13,501 Corporate — 147,509 — 147,509 Total assets carried at fair value $ 194 $ 2,105,353 $ — $ 2,105,547 December 31, 2021 (In thousands) Level 1 Level 2 Level 3 Total Available for sale securities: Mortgage-related: GSE residential certificates $ — $ 3,967 $ — $ 3,967 GSE residential CMOs — 463,883 — 463,883 GSE commercial certificates & CMO — 370,364 — 370,364 Non-GSE residential certificates — 66,139 — 66,139 Non-GSE commercial certificates — 81,101 — 81,101 Other Debt: U.S. Treasury 200 — — 200 ABS — 989,188 — 989,188 Trust preferred — 14,147 — 14,147 Corporate — 124,421 — 124,421 Total assets carried at fair value $ 200 $ 2,113,210 $ — $ 2,113,410 The following tables summarize assets measured at fair value on a non-recurring basis: June 30, 2022 (In thousands) Carrying Value Level 1 Level 2 Level 3 Estimated Fair Value Fair Value Measurements: Impaired loans $ 54,002 $ — $ — $ 54,002 $ 54,002 $ 54,002 $ — $ — $ 54,002 $ 54,002 December 31, 2021 (In thousands) Carrying Value Level 1 Level 2 Level 3 Estimated Fair Value Fair Value Measurements: Impaired loans $ 48,111 $ — $ — $ 48,111 $ 48,111 $ 48,111 $ — $ — $ 48,111 $ 48,111 The following table summarizes the financial statement basis and estimated fair values for significant categories of financial instruments: June 30, 2022 (In thousands) Carrying Value Level 1 Level 2 Level 3 Estimated Fair Value Financial assets: Cash and cash equivalents $ 332,538 $ 332,538 $ — $ — $ 332,538 Available for sale securities 2,105,547 194 2,105,353 — 2,105,547 Held to maturity securities 1,375,666 — 604,854 712,204 1,317,058 Loans held for sale 5,657 — — 5,657 5,657 Loans receivable, net 3,608,927 — — 3,368,110 3,368,110 Resell agreements 225,926 — — 225,926 225,926 Accrued interest and dividends receivable 31,001 — 31,001 — 31,001 Financial liabilities: Deposits payable on demand 7,103,544 — 7,103,544 — 7,103,544 Time deposits 187,623 — 187,762 — 187,762 Subordinated Debt 83,899 — 76,684 — 76,684 Accrued interest payable 555 — 555 — 555 December 31, 2021 (In thousands) Carrying Value Level 1 Level 2 Level 3 Estimated Fair Value Financial assets: Cash and cash equivalents $ 330,485 $ 330,485 $ — $ — $ 330,485 Available for sale securities 2,113,410 200 2,113,210 — 2,113,410 Held to maturity securities 843,569 — 216,377 633,327 849,704 Loans held for sale 3,279 — — 3,279 3,279 Loans receivable, net 3,276,358 — — 3,291,377 3,291,377 Resell agreements 229,018 — — 229,018 229,018 Accrued interest and dividends receivable 28,820 — 28,820 — 28,820 Financial liabilities: Deposits payable on demand 6,149,103 — 6,149,103 — 6,149,103 Time deposits 207,152 — 207,369 — 207,369 Subordinated Debt 83,831 — 85,000 — 85,000 Accrued interest payable 569 — 569 — 569

COMMITMENTS, CONTINGENCIES AND

COMMITMENTS, CONTINGENCIES AND OFF BALANCE SHEET RISK	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS, CONTINGENCIES AND OFF BALANCE SHEET RISK	COMMITMENTS, CONTINGENCIES AND OFF BALANCE SHEET RISK Credit Commitments The Company is party to various credit related financial instruments with off balance sheet risk. The Company, in the normal course of business, issues such financial instruments in order to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated statements of financial condition. The following financial instruments were outstanding whose contract amounts represent credit risk as of the related periods: June 30, 2022 December 31, 2021 (In thousands) Commitments to extend credit $ 1,032,961 $ 927,428 Standby letters of credit 22,039 18,752 Total $ 1,055,000 $ 946,180 Commitments to extend credit are contracts to lend to a customer as long as there is no violation of any condition established in the contract. These commitments have fixed expiration dates and other termination clauses and generally require the payment of nonrefundable fees. Since a portion of the commitments are expected to expire without being drawn upon, the contractual principal amounts do not necessarily represent future cash requirements. The Company’s maximum exposure to credit risk is represented by the contractual amount of these instruments. These instruments represent ultimate exposure to credit risk only to the extent they are subsequently drawn upon by customers. Standby letters of credit are conditional lending commitments issued by the Company to guarantee the financial performance of a customer to a third party. The credit risk involved in issuing standby letters of credit is essentially the same as that involved in extending loan facilities to customers. The balance sheet carrying value of standby letters of credit approximates any nonrefundable fees received but not yet recorded as income. The Company considers this carrying value, which is not material, to approximate the estimated fair value of these financial instruments. The Company reserves for the credit risk inherent in off balance sheet credit commitments. This reserve, which is included in other liabilities, amounted to approximately $1.8 million as of June 30, 2022 and $1.5 million as of December 31, 2021. Other Commitments and Contingencies In the ordinary course of business, there are various legal proceedings pending against the Company. Based on the opinion of counsel, management believes that the aggregate liabilities, if any, arising from such actions would not have a material adverse effect on the consolidated financial position or results of operations of the Company. I nvestment Obligations The Company is a party to agreements with Pace Funding Group LLC, which operates Home Run Financing, for the purchase of property assessed clean energy, or PACE, assessment securities until the end of 2022. These investments are to be held in the Company's held-to-maturity investment portfolio. As of June 30, 2022, the Company had purchased $373.0 million of these obligations and had an estimated remaining commitment of $91.6 million. The PACE assessments have equal-lien priority with property taxes and generally rank senior to first lien mortgages. The Company anticipates these commitments will be funded by means of normal cash flows, by a reduction in cash and cash equivalents, or by pay-downs and maturities of loans and other investments.

LEASES

LEASES	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
LEASES	LEASES The Bank as a lessee has operating leases primarily consisting of real estate arrangements where the Company operates its headquarters, branches and business production offices. All leases identified as in scope are accounted for as operating leases as of June 30, 2022. These leases are typically long-term leases and generally are not complicated arrangements or structures. Several of the leases contain renewal options at a rate comparable to the fair market value based on comparable analysis to similar properties in the Bank’s geographies. Real estate operating leases are presented as a right-of-use (“ROU”) asset and a related operating lease liability on the Consolidated Statements of Financial Condition. The ROU asset represents the Company’s right to use the underlying asset for the lease term and the operating lease liabilities represent the obligation to make lease payments arising from the lease. The Company applied its incremental borrowing rate (“IBR”) as the discount rate to the remaining lease payments to derive a present value calculation for initial measurement of the operating lease liability. The IBR reflects the interest rate the Company would have to pay to borrow on a collateralized basis over a similar term for an amount equal to the lease payments. Lease expense is recognized on a straight-line basis over the lease term. The following table summarizes our lease cost and other operating lease information: Three Months Ended Six Months Ended June 30, 2022 (In thousands) Operating lease cost $ 2,257 $ 4,508 Cash paid for amounts included in the measurement of Operating leases liability $ 2,632 $ 5,262 Weighted average remaining lease term on operating leases (in years) 4.4 4.4 Weighted average discount rate used for operating leases liability 3.25 % 3.25 % Note: Sublease income and variable income or expense considered immaterial Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 (In thousands) Operating lease cost $ 2,184 $ 2,766 Cash paid for amounts included in the measurement of Operating leases liability $ 2,493 $ 4,423 Weighted average remaining lease term on operating leases (in years) 5.2 6.2 Weighted average discount rate used for operating leases liability 3.25 % 3.26 % Note: Sublease income and variable income or expense considered immaterial The following table presents the remaining commitments for operating lease payments for the next five years and thereafter, as well as a reconciliation to the discounted operating leases liability recorded in the Consolidated Statements of Financial Condition as of June 30, 2022: (In thousands) As of June 30, 2022 2022 remaining $ 5,481 2023 11,285 2024 11,310 2025 10,574 2026 9,176 Thereafter 955 Total undiscounted operating lease payments 48,781 Less: present value adjustment 3,176 Total Operating leases liability $ 45,605

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS Goodwill In accordance with GAAP, the Company performs an annual test as of June 30 to identify potential impairment of goodwill, or more frequently if events or circumstances indicate a potential impairment may exist. If the carrying amount of the Company, as a sole reporting unit, including goodwill, exceeds its fair value, an impairment loss is recognized in an amount equal to that excess up to the amount of the recorded goodwill. The Company performed its annual test based upon market data as of June 30, 2022 and estimates and assumptions that the Company believes most appropriate for the analysis. Based on the qualitative analysis performed in accordance with ASC 350, the Company determined it more likely than not that goodwill was not impaired as of June 30, 2022. Changes in certain assumptions used in the Company's assessment could result in significant differences in the results of the impairment test. Should market conditions or management’s assumptions change significantly in the future, an impairment to goodwill is possible. At June 30, 2022 and December 31, 2021, the carrying amount of goodwill was $12.9 million. Intangible Assets The following table reflects the estimated amortization expense, comprised entirely by the Company’s core deposit intangible asset, for the next five years and thereafter: (In thousands) 2022 remaining $ 523 2023 888 2024 730 2025 574 2026 419 Thereafter 494 Total $ 3,628 Accumulated amortization of the core deposit intangible was $5.4 million as of June 30, 2022.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
VARIABLE INTEREST ENTITIES	VARIABLE INTEREST ENTITIES Tax Credit Investments The Company makes investments in unconsolidated entities that construct, own and operate solar generation facilities. An unrelated third party is the managing member and has control over the significant activities of the variable interest entities ("VIE"). The Company generates a return through the receipt of tax credits allocated to the projects, as well as operational distributions. The primary risk of loss is generally mitigated by policies requiring that the project qualify for the expected tax credits prior to the Company making its investment. Any loans to the VIE are secured. As of June 30, 2022, the Company's maximum exposure to loss is $53.5 million. June 30, 2022 December 31, 2021 (In thousands) Unconsolidated Variable Interest Entities Tax credit investments included in equity investments $ 1,116 $ 1,681 Loans and letters of credit commitments 52,350 52,813 Funded portion of loans and letters of credit commitments 15,049 15,512 The following table summarizes the tax benefits conveyed by the Company’s solar generation VIE investments: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (In thousands) Tax credits and other tax benefits recognized $ 668 $ 568 $ 1,336 $ 911

BASIS OF PRESENTATION AND CON_2

BASIS OF PRESENTATION AND CONSOLIDATION (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Accounting	The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America, or GAAP and predominant practices within the banking industry. The Company uses the accrual basis of accounting for financial statement purposes.
Consolidation	The accompanying unaudited consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries and its majority-owned subsidiaries and have been prepared in accordance with instructions to Form 10-Q and therefore do not include all information and footnotes necessary for a fair presentation of financial position, results of operations, and cash flows in conformity with GAAP. All significant inter-company transactions and balances are eliminated in consolidation. In the opinion of management, all adjustments necessary for a fair presentation of the consolidated financial position and the results of operations as of the dates and for the interim periods presented have been included. A more detailed description of our accounting policies is included in the Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Annual Report”). There have been no significant changes to our accounting policies, or the estimates made pursuant to those policies as described in our 2021 Annual Report. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes appearing in the 2021 Annual Report.
Reclassifications	Certain reclassifications have been made to prior year amounts to conform to the current year presentation, however such reclassifications did not change stockholder equity or net income.
Fair Value of Financial Instruments	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. Assumptions are developed based on prioritizing information within a fair value hierarchy that gives the highest priority to quoted prices in active markets and the lowest priority to unobservable data. A description of the disclosure hierarchy and the types of financial instruments recorded at fair value that management believes would generally qualify for each category are as follows: Level 1 - Valuations are based on quoted prices in active markets for identical assets or liabilities. Accordingly, valuation of these assets and liabilities does not entail a significant degree of judgment. Examples include most U.S. Government securities and exchange-traded equity securities. Level 2 - Valuations are based on either quoted prices in markets that are not considered to be active or significant inputs to the methodology that are observable, either directly or indirectly. Financial instruments in this level would generally include mortgage-related securities and other debt issued by GSEs, non-GSE mortgage-related securities, corporate debt, certain redeemable fund investments and certain trust preferred securities.

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Schedule Other Comprehensive Income (Loss)	Other comprehensive income (loss) components and related income tax effects were as follows: Three Months Ended Six Months Ended 2022 2021 2022 2021 (In thousands) Change in obligation for postretirement benefits and for prior service credit $ 51 $ 52 $ 102 $ 106 Change in obligation for other benefits 8 40 16 (371) Change in total obligation for postretirement benefits and for prior service credit and for other benefits 59 92 118 (265) Income tax effect (16) 98 (32) 55 Net change in total obligation for postretirement benefits and prior service credit and for other benefits 43 190 86 (210) Unrealized holding gains (losses) on available for sale securities (52,334) $ 4,055 (116,038) $ (1,381) Reclassification adjustment for losses (gains) realized in income 582 (321) 417 (339) Change in unrealized gains (losses) on available for sale securities (51,752) 3,734 (115,621) (1,720) Accretion of net unrealized loss on securities transferred to held to maturity 209 — 209 — Income tax effect 14,178 (1,020) 31,749 469 Net change in unrealized gains (losses) on securities (37,365) 2,714 (83,663) (1,251) Total $ (37,322) $ 2,904 $ (83,577) $ (1,461)
Schedule of Reclassifications out of Accumulated Other Comprehensive Income (Loss)	The following represents the reclassifications out of accumulated other comprehensive income (loss): Three Months Ended Six Months Ended Affected Line Item in the Consolidated Statements of Income 2022 2021 2022 2021 (In thousands) Realized gains (losses) on sale of available for sale securities $ (582) $ 321 $ (420) $ 342 Gain (loss) on sale of securities Recognized gains (losses) on OTTI securities — — 3 (3) Non-Interest Income - other Accretion of net unrealized loss on securities transferred to held to maturity 209 — 209 — Interest and dividend income - securities Income tax expense (benefit) (100) 88 (54) 93 Income tax expense (benefit) Total reclassifications, net of income tax $ (273) $ 233 $ (154) $ 246 Prior service credit on pension plans and other postretirement benefits $ 7 $ 7 $ 14 $ 14 Compensation and employee benefits Income tax expense (benefit) (2) (2) (4) (4) Income tax expense (benefit) Total reclassifications, net of income tax $ 5 $ 5 $ 10 $ 10 Total reclassifications, net of income tax $ (268) $ 238 $ (144) $ 256

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost and Fair Value of Available for Sale Securities	The amortized cost and fair value of investment securities available for sale and held to maturity as of June 30, 2022 are as follows: June 30, 2022 Amortized Gross Gross Fair (In thousands) Available for sale: Mortgage-related: GSE residential certificates $ 3,260 $ — $ (123) $ 3,137 GSE residential CMOs 498,508 477 (22,748) 476,237 GSE commercial certificates & CMO 314,249 145 (4,360) 310,034 Non-GSE residential certificates 130,690 — (10,548) 120,142 Non-GSE commercial certificates 115,068 — (7,228) 107,840 1,061,775 622 (45,007) 1,017,390 Other debt: U.S. Treasury 199 — (5) 194 ABS 958,114 23 (31,184) 926,953 Trust preferred 14,634 — (1,133) 13,501 Corporate 158,935 — (11,426) 147,509 1,131,882 23 (43,748) 1,088,157 Total available for sale $ 2,193,657 $ 645 $ (88,755) $ 2,105,547 Held to maturity: Mortgage-related: GSE CMOs $ 73,842 $ 29 $ (89) $ 73,782 GSE commercial certificates 80,742 141 (5,445) 75,438 GSE residential certificates 435 — (7) 428 Non GSE commercial certificates 32,601 — (1,784) 30,817 Non GSE residential certificates 52,892 — (2,824) 50,068 240,512 170 (10,149) 230,533 Other debt: ABS 294,596 73 (6,786) 287,883 Commercial PACE 212,180 — (8,528) 203,652 Residential PACE 529,966 — (21,414) 508,552 Municipal 96,412 233 (12,201) 84,444 Other 2,000 — (6) 1,994 1,135,154 306 (48,935) 1,086,525 Total held to maturity $ 1,375,666 $ 476 $ (59,084) $ 1,317,058 The amortized cost and fair value of investment securities available for sale and held to maturity as of December 31, 2021 are as follows: December 31, 2021 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale: Mortgage-related: GSE residential certificates $ 3,838 $ 129 $ — $ 3,967 GSE residential CMOs 460,571 5,697 (2,385) 463,883 GSE commercial certificates & CMO 364,274 6,855 (765) 370,364 Non-GSE residential certificates 66,756 29 (646) 66,139 Non-GSE commercial certificates 81,705 12 (616) 81,101 977,144 12,722 (4,412) 985,454 Other debt: U.S. Treasury 200 — — 200 ABS 988,061 3,351 (2,224) 989,188 Trust preferred 14,631 — (484) 14,147 Corporate 123,013 1,681 (273) 124,421 1,125,905 5,032 (2,981) 1,127,956 Total available for sale $ 2,103,049 $ 17,754 $ (7,393) $ 2,113,410 Held to maturity: Mortgage-related: GSE commercial certificates $ 30,742 $ — $ (489) $ 30,253 GSE residential certificates 442 19 — 461 Non GSE commercial certificates 10,333 13 (288) 10,058 Non GSE residential certificates 10,796 5 — 10,801 52,313 37 (777) 51,573 Other debt: ABS 75,800 1 (50) 75,751 PACE 627,394 5,933 — 633,327 Municipal 84,962 2,045 (1,056) 85,951 Other 3,100 2 — 3,102 791,256 7,981 (1,106) 798,131 Total held to maturity $ 843,569 $ 8,018 $ (1,883) $ 849,704
Schedule of Amortized Cost and Fair Value of Held to Maturity Securities	The amortized cost and fair value of investment securities available for sale and held to maturity as of June 30, 2022 are as follows: June 30, 2022 Amortized Gross Gross Fair (In thousands) Available for sale: Mortgage-related: GSE residential certificates $ 3,260 $ — $ (123) $ 3,137 GSE residential CMOs 498,508 477 (22,748) 476,237 GSE commercial certificates & CMO 314,249 145 (4,360) 310,034 Non-GSE residential certificates 130,690 — (10,548) 120,142 Non-GSE commercial certificates 115,068 — (7,228) 107,840 1,061,775 622 (45,007) 1,017,390 Other debt: U.S. Treasury 199 — (5) 194 ABS 958,114 23 (31,184) 926,953 Trust preferred 14,634 — (1,133) 13,501 Corporate 158,935 — (11,426) 147,509 1,131,882 23 (43,748) 1,088,157 Total available for sale $ 2,193,657 $ 645 $ (88,755) $ 2,105,547 Held to maturity: Mortgage-related: GSE CMOs $ 73,842 $ 29 $ (89) $ 73,782 GSE commercial certificates 80,742 141 (5,445) 75,438 GSE residential certificates 435 — (7) 428 Non GSE commercial certificates 32,601 — (1,784) 30,817 Non GSE residential certificates 52,892 — (2,824) 50,068 240,512 170 (10,149) 230,533 Other debt: ABS 294,596 73 (6,786) 287,883 Commercial PACE 212,180 — (8,528) 203,652 Residential PACE 529,966 — (21,414) 508,552 Municipal 96,412 233 (12,201) 84,444 Other 2,000 — (6) 1,994 1,135,154 306 (48,935) 1,086,525 Total held to maturity $ 1,375,666 $ 476 $ (59,084) $ 1,317,058 The amortized cost and fair value of investment securities available for sale and held to maturity as of December 31, 2021 are as follows: December 31, 2021 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale: Mortgage-related: GSE residential certificates $ 3,838 $ 129 $ — $ 3,967 GSE residential CMOs 460,571 5,697 (2,385) 463,883 GSE commercial certificates & CMO 364,274 6,855 (765) 370,364 Non-GSE residential certificates 66,756 29 (646) 66,139 Non-GSE commercial certificates 81,705 12 (616) 81,101 977,144 12,722 (4,412) 985,454 Other debt: U.S. Treasury 200 — — 200 ABS 988,061 3,351 (2,224) 989,188 Trust preferred 14,631 — (484) 14,147 Corporate 123,013 1,681 (273) 124,421 1,125,905 5,032 (2,981) 1,127,956 Total available for sale $ 2,103,049 $ 17,754 $ (7,393) $ 2,113,410 Held to maturity: Mortgage-related: GSE commercial certificates $ 30,742 $ — $ (489) $ 30,253 GSE residential certificates 442 19 — 461 Non GSE commercial certificates 10,333 13 (288) 10,058 Non GSE residential certificates 10,796 5 — 10,801 52,313 37 (777) 51,573 Other debt: ABS 75,800 1 (50) 75,751 PACE 627,394 5,933 — 633,327 Municipal 84,962 2,045 (1,056) 85,951 Other 3,100 2 — 3,102 791,256 7,981 (1,106) 798,131 Total held to maturity $ 843,569 $ 8,018 $ (1,883) $ 849,704
Schedule of Investments by Contractual Maturity	Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalty: Available for Sale Held to Maturity Amortized Fair Value Amortized Fair Value (In thousands) Due within one year $ — $ — $ 2,000 $ 1,994 Due after one year through five years 104,445 97,688 9,410 9,283 Due after five years through ten years 456,022 443,596 6,997 6,952 Due after ten years 571,415 546,873 1,116,747 1,068,296 $ 1,131,882 $ 1,088,157 $ 1,135,154 $ 1,086,525
Schedule of Proceeds Received and Gains (Losses) on Sale of Available for Sale Securities	Three Months Ended, Six Months Ended, June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021 (In thousands) Proceeds $ 35,789 $ 48,345 $ 35,951 $ 62,883 Realized gains $ — $ 490 $ 162 $ 562 Realized losses (582) (169) (582) (220) Net realized gains (losses) $ (582) $ 321 $ (420) $ 342
Schedule of Unrealized Losses	The following summarizes the fair value and unrealized losses for those available for sale and held to maturity securities as of June 30, 2022 and December 31, 2021, respectively, segregated between securities that have been in an unrealized loss position for less than twelve months and those that have been in a continuous unrealized loss position for twelve months or longer at the respective dates: June 30, 2022 Less Than Twelve Months Twelve Months or Longer Total (In thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Available for sale: Mortgage-related: GSE residential certificates $ 3,137 $ (123) $ — $ — $ 3,137 $ (123) GSE residential CMOs 288,774 (12,940) 113,695 (9,808) 402,469 (22,748) GSE commercial certificates & CMO 96,499 (2,981) 86,999 (1,379) 183,498 (4,360) Non-GSE residential certificates 94,796 (7,471) 25,346 (3,077) 120,142 (10,548) Non-GSE commercial certificates 92,746 (6,259) 15,017 (969) 107,763 (7,228) Other debt: US Treasury 194 (5) — — 194 (5) ABS 771,008 (23,367) 148,131 (7,817) 919,139 (31,184) Trust preferred — — 13,501 (1,133) 13,501 (1,133) Corporate 137,539 (10,396) 9,970 (1,030) 147,509 (11,426) Total available for sale $ 1,484,693 $ (63,542) $ 412,659 $ (25,213) $ 1,897,352 $ (88,755) Held to maturity: Mortgage-related: GSE CMOs $ 52,217 $ (89) $ — $ — $ 52,217 $ (89) GSE commercial certificates 30,340 (3,124) 17,688 — (2,321) 48,028 (5,445) GSE residential certificates 428 (7) — — 428 (7) Non GSE commercial certificates 11,489 (181) 19,166 — (1,603) 30,655 (1,784) Non GSE residential certificates 50,068 (2,824) — — 50,068 (2,824) Other debt: ABS 257,471 (6,398) 15,523 (388) 272,994 (6,786) Commercial PACE 203,652 (8,528) — — 203,652 (8,528) Residential PACE 508,552 (21,414) — — 508,552 (21,414) Municipal 57,602 (8,397) 11,024 (3,804) 68,626 (12,201) Other 1,994 (6) — — 1,994 (6) Total held to maturity $ 1,173,813 $ (50,968) $ 63,401 $ (8,116) $ 1,237,214 $ (59,084) December 31, 2021 Less Than Twelve Months Twelve Months or Longer Total (In thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Available for sale: Mortgage-related: GSE residential CMOs $ 222,825 $ (2,385) $ — $ — $ 222,825 $ (2,385) GSE commercial certificates & CMO 28,695 (271) 159,681 (494) 188,376 (765) Non-GSE residential certificates 55,284 (646) — — 55,284 (646) Non-GSE commercial certificates 42,530 (247) 23,124 (369) 65,654 (616) Other debt: ABS 374,241 (1,903) 71,746 (321) 445,987 (2,224) Trust preferred — — 14,147 (484) 14,147 (484) Corporate 48,743 (273) — — 48,743 (273) Total available for sale $ 772,318 $ (5,725) $ 268,698 $ (1,668) $ 1,041,016 $ (7,393) Held to maturity: Mortgage-related: GSE commercial certificates $ 30,253 $ (489) $ — $ — $ 30,253 $ (489) Non GSE commercial certificates 9,857 (288) — — 9,857 (288) Other debt: ABS 26,951 (50) — — 26,951 (50) Municipal 38,468 (852) 3,876 (204) 42,344 (1,056) Total held to maturity $ 105,529 $ (1,679) $ 3,876 $ (204) $ 109,405 $ (1,883)

LOANS RECEIVABLE, NET (Tables)

LOANS RECEIVABLE, NET (Tables)	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Schedule of Loans Receivable	Loans receivable are summarized as follows: June 30, December 31, (In thousands) Commercial and industrial $ 743,403 $ 729,385 Multifamily 853,514 821,801 Commercial real estate 340,987 369,429 Construction and land development 43,212 31,539 Total commercial portfolio 1,981,116 1,952,154 Residential real estate lending 1,236,088 1,063,682 Consumer and other 426,394 291,818 Total retail portfolio 1,662,482 1,355,500 Total loans receivable 3,643,598 3,307,654 Net deferred loan origination costs (fees) 4,806 4,570 Total loans receivable, net of deferred loan origination costs (fees) 3,648,404 3,312,224 Allowance for loan losses (39,477) (35,866) Total loans receivable, net $ 3,608,927 $ 3,276,358
Schedule of Quality of Bank's Loans	The following table presents information regarding the quality of the Company’s loans as of June 30, 2022: 30-89 Days Non- 90 Days or Total Past Current Current Total Loans (In thousands) Commercial and industrial $ — $ — $ — $ — $ 9,550 $ 733,853 $ 743,403 Multifamily — 3,494 — 3,494 — 850,020 853,514 Commercial real estate 3,987 3,033 — 7,020 898 333,069 340,987 Construction and land development — 5,053 — 5,053 — 38,159 43,212 Total commercial portfolio 3,987 11,580 — 15,567 10,448 1,955,101 1,981,116 Residential real estate lending 1,664 898 — 2,562 — 1,233,526 1,236,088 Consumer and other 2,656 1,471 — 4,127 — 422,267 426,394 Total retail portfolio 4,320 2,369 — 6,689 — 1,655,793 1,662,482 $ 8,307 $ 13,949 $ — $ 22,256 $ 10,448 $ 3,610,894 $ 3,643,598 The following table presents information regarding the quality of the Company’s loans as of December 31, 2021: 30-89 Days Past Due Non- Accrual 90 Days or More Delinquent and Still Accruing Interest Total Past Due Current and Not Accruing Interest Current Total Loans Receivable (In thousands) Commercial and industrial $ — $ 8,313 $ — $ 8,313 $ — $ 721,072 $ 729,385 Multifamily 13,537 2,907 — 16,444 — 805,357 821,801 Commercial real estate 21,599 4,054 — 25,653 — 343,776 369,429 Construction and land development 26,482 — — 26,482 — 5,057 31,539 Total commercial portfolio 61,618 15,274 — 76,892 — 1,875,262 1,952,154 Residential real estate lending 4,811 12,525 — 17,336 — 1,046,346 1,063,682 Consumer and other 1,590 420 — 2,010 — 289,808 291,818 Total retail portfolio 6,401 12,945 — 19,346 — 1,336,154 1,355,500 Total $ 68,019 $ 28,219 $ — $ 96,238 $ — $ 3,211,416 $ 3,307,654
Schedule of Troubled Debt Restructurings	The following table presents information regarding the Company’s TDRs as of June 30, 2022 and December 31, 2021: June 30, 2022 December 31, 2021 (In thousands) Accruing Non- Accrual Total Accruing Non- Total Commercial and industrial $ 10,113 $ 7,804 $ 17,917 $ 4,052 $ 8,313 $ 12,365 Multifamily 10,483 — 10,483 — — — Commercial real estate — 3,033 3,033 — 3,166 3,166 Construction and land development 2,424 5,053 7,477 7,476 — 7,476 Residential real estate lending 12,663 398 13,061 13,469 2,018 15,487 $ 35,683 $ 16,288 $ 51,971 $ 24,997 $ 13,497 $ 38,494 The following tables present loans that were classified as TDRs during the three and six months ended June 30, 2022 and 2021. The pre-modification balances represent the recorded investment immediately prior to the modification, and the post-modification balances represent the recorded investment as of the dates indicated. Three Months Ended Three Months Ended (In thousands) Number of Loans Pre-Modification Balance Post-Modification Balance Number of Loans Pre-Modification Balance Post-Modification Balance Commercial and industrial 2 $ 6,435 $ 6,435 — $ — $ — Construction and land development — — — 1 2,779 2,779 Total loans 2 $ 6,435 $ 6,435 1 $ 2,779 $ 2,779 Six Months Ended Six Months Ended (In thousands) Number of Loans Pre-Modification Balance Post-Modification Balance Number of Loans Pre-Modification Balance Post-Modification Balance Commercial and industrial 2 $ 6,435 $ 6,435 — $ — $ — Commercial real estate 2 10,000 10,483 — — — Construction and land development — — — 1 2,779 2,779 Total loans 4 $ 16,435 $ 16,918 1 $ 2,779 $ 2,779
Schedule of Loans by Credit Quality Indicator	The following tables summarize the Company’s loan portfolio by credit quality indicator as of June 30, 2022: (In thousands) Pass Special Mention Substandard Doubtful Total Commercial and industrial $ 710,534 $ 7,923 $ 24,946 $ — $ 743,403 Multifamily 800,167 25,433 27,914 — 853,514 Commercial real estate 301,243 20,966 18,778 — 340,987 Construction and land development 35,736 — 7,476 — 43,212 Residential real estate lending 1,235,190 — 898 — 1,236,088 Consumer and other 424,923 — 1,471 — 426,394 Total loans $ 3,507,793 $ 54,322 $ 81,483 $ — $ 3,643,598 The following tables summarize the Company’s loan portfolio by credit quality indicator as of December 31, 2021: (In thousands) Pass Special Mention Substandard Doubtful Total Commercial and industrial $ 693,312 $ 10,165 $ 25,908 $ — $ 729,385 Multifamily 721,869 48,804 51,128 — 821,801 Commercial real estate 295,261 13,947 60,221 — 369,429 Construction and land development 24,063 — 7,476 — 31,539 Residential real estate lending 1,050,865 292 12,525 — 1,063,682 Consumer and other 291,398 — 420 — 291,818 Total loans $ 3,076,768 $ 73,208 $ 157,678 $ — $ 3,307,654
Schedule of Method for Evaluating Impairment and Allowance for Credit Loss Activity	The following table provides information regarding the methods used to evaluate the Company’s loans for impairment by portfolio, and the Company’s allowance by portfolio based upon the method of evaluating loan impairment as of June 30, 2022: (In thousands) Commercial and Industrial Multifamily Commercial Real Estate Construction and Land Development Residential Real Estate Lending Consumer and Other Total Loans: Individually evaluated for impairment $ 21,134 $ 13,977 $ 3,931 $ 7,477 $ 13,561 $ — $ 60,080 Collectively evaluated for impairment 722,269 839,537 337,056 35,735 1,222,527 426,394 3,583,518 Total loans $ 743,403 $ 853,514 $ 340,987 $ 43,212 $ 1,236,088 $ 426,394 $ 3,643,598 Allowance for loan losses: Individually evaluated for impairment $ 5,309 $ 179 $ — $ — $ 590 $ — $ 6,078 Collectively evaluated for impairment 9,308 4,218 5,726 709 9,714 3,724 33,399 Total allowance for loan losses $ 14,617 $ 4,397 $ 5,726 $ 709 $ 10,304 $ 3,724 $ 39,477 The following table provides information regarding the methods used to evaluate the Company’s loans for impairment by portfolio, and the Company’s allowance by portfolio based upon the method of evaluating loan impairment as of December 31, 2021: (In thousands) Commercial and Industrial Multifamily Commercial Real Estate Construction and Land Development Residential Real Estate Lending Consumer and Other Total Loans: Individually evaluated for impairment $ 12,785 $ 2,907 $ 4,054 $ 7,476 $ 25,994 $ — $ 53,216 Collectively evaluated for impairment 716,600 818,894 365,375 24,063 1,037,688 291,818 3,254,438 Total loans $ 729,385 $ 821,801 $ 369,429 $ 31,539 $ 1,063,682 $ 291,818 $ 3,307,654 Allowance for loan losses: Individually evaluated for impairment $ 4,350 $ — $ — $ — $ 755 $ — $ 5,105 Collectively evaluated for impairment 6,302 4,760 7,273 405 8,253 3,768 30,761 Total allowance for loan losses $ 10,652 $ 4,760 $ 7,273 $ 405 $ 9,008 $ 3,768 $ 35,866 The activities in the allowance by portfolio for the three months ended June 30, 2022 are as follows: (In thousands) Commercial and Industrial Multifamily Commercial Real Estate Construction and Land Development Residential Real Estate Lending Consumer and Other Total Allowance for loan losses: Beginning balance $ 12,169 $ 4,232 $ 6,840 $ 654 $ 9,336 $ 4,311 $ 37,542 Provision for (recovery of) loan losses 2,442 165 (1,114) 54 1,076 289 2,912 Charge-offs — — — — (782) (995) (1,777) Recoveries 6 — — 1 674 119 800 Ending Balance $ 14,617 $ 4,397 $ 5,726 $ 709 $ 10,304 $ 3,724 $ 39,477 The activities in the allowance by portfolio for the three months ended June 30, 2021 are as follows: (In thousands) Commercial and Industrial Multifamily Commercial Real Estate Construction and Land Development Residential Real Estate Lending Consumer and Other Total Allowance for loan losses: Beginning balance $ 8,692 $ 6,125 $ 8,464 $ 1,391 $ 10,747 $ 1,243 $ 36,662 Provision for (recovery of) loan losses 3,397 (453) (76) 58 (1,446) 202 1,682 Charge-offs — — — — (60) (836) (896) Recoveries 3 — — — 544 17 564 Ending Balance $ 12,092 $ 5,672 $ 8,388 $ 1,449 $ 9,785 $ 626 $ 38,012 The activities in the allowance by portfolio for the six months ended June 30, 2022 are as follows: (In thousands) Commercial and Industrial Multifamily Commercial Real Estate Construction and Land Development Residential Real Estate Lending Consumer and Other Total Allowance for loan losses: Beginning balance $ 10,652 $ 4,760 $ 7,273 $ 405 $ 9,008 $ 3,768 $ 35,866 Provision for (recovery of) loan losses 3,953 53 (1,547) 302 792 1,652 5,205 Charge-offs — (416) — — (821) (1,863) (3,100) Recoveries 12 — — 2 1,325 167 1,506 Ending Balance $ 14,617 $ 4,397 $ 5,726 $ 709 $ 10,304 $ 3,724 $ 39,477 The activities in the allowance by portfolio for the six months ended June 30, 2021 are as follows: (In thousands) Commercial and Industrial Multifamily Commercial Real Estate Construction and Land Development Residential Real Estate Lending Consumer and Other Total Allowance for loan losses: Beginning balance $ 9,065 $ 10,324 $ 6,213 $ 2,077 $ 12,330 $ 1,580 $ 41,589 Provision for (recovery of) loan losses 2,820 (2,744) 2,175 (629) (3,383) 182 (1,579) Charge-offs — (1,908) — — (201) (1,176) (3,285) Recoveries 207 — — 1 1,039 40 1,287 Ending Balance $ 12,092 $ 5,672 $ 8,388 $ 1,449 $ 9,785 $ 626 $ 38,012
Schedule of Additional Information for Individually Impaired Loans and Allowances	The following is additional information regarding the Company’s individually impaired loans and the allowance related to such loans as of and for the year ended June 30, 2022 and December 31, 2021: June 30, 2022 (In thousands) Recorded Average Unpaid Related Loans without a related allowance: Residential real estate lending $ 485 $ 3,018 $ 2,689 $ — Construction and land development 7,477 7,477 7,476 — Commercial real estate 3,931 3,960 4,997 — 11,893 14,455 25,809 — Loans with a related allowance: Residential real estate lending 13,076 13,783 15,747 590 Multifamily 13,977 13,999 14,141 179 Commercial and industrial 21,134 16,905 21,834 5,309 48,187 44,687 51,722 6,078 Total individually impaired loans: Residential real estate lending 13,561 16,801 18,436 590 Multifamily 13,977 13,999 24,788 179 Construction and land development 7,477 7,477 7,476 — Commercial real estate 3,931 3,960 4,997 — Commercial and industrial 21,134 16,905 21,834 5,309 $ 60,080 $ 59,142 $ 77,531 $ 6,078 December 31, 2021 (In thousands) Recorded Investment Average Recorded Investment Unpaid Principal Balance Related Allowance Loans without a related allowance: Residential real estate lending $ 10,507 $ 15,666 $ 11,896 $ — Construction and land development 7,476 9,330 7,476 — Commercial real estate 4,054 3,744 4,953 — 22,037 28,740 24,325 — Loans with a related allowance: Residential real estate lending 15,487 18,120 19,306 755 Multifamily 2,907 6,241 8,024 — Commercial and industrial 12,785 13,746 13,207 4,350 31,179 38,107 40,537 5,105 Total individually impaired loans: Residential real estate lending 25,994 33,786 31,202 755 Multifamily 2,907 6,241 8,024 — Construction and land development 7,476 9,330 7,476 — Commercial real estate 4,054 3,744 4,953 — Commercial and industrial 12,785 13,746 13,207 4,350 $ 53,216 $ 66,847 $ 64,862 $ 5,105

DEPOSITS (Tables)

DEPOSITS (Tables)	6 Months Ended
	Jun. 30, 2022
Statistical Disclosure for Banks [Abstract]
Schedule of Deposits	Deposits are summarized as follows: June 30, 2022 December 31, 2021 Amount Weighted Average Rate Amount Weighted Average Rate (In thousands) Non-interest bearing demand deposit accounts $ 3,965,907 0.00 % $ 3,335,005 0.00 % NOW accounts 208,795 0.13 % 210,844 0.08 % Money market deposit accounts 2,540,657 0.20 % 2,227,953 0.12 % Savings accounts 388,185 0.15 % 375,301 0.11 % Time deposits 187,623 0.30 % 207,152 0.32 % $ 7,291,167 0.09 % $ 6,356,255 0.06 %
Schedule of Maturities of Time Deposits	The scheduled maturities of time deposits as of June 30, 2022 are as follows: (In thousands) 2022 $ 123,728 2023 50,051 2024 7,191 2025 4,646 2026 1,764 Thereafter 243 $ 187,623

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of Factors Used in Earnings Per Share Calculation	Following is a table setting forth the factors used in the earnings per share computation follow: Three Months Six Months Ended 2022 2021 2022 2021 (In thousands, except per share amounts) Net income attributable to Amalgamated Financial Corp. $ 19,613 $ 10,408 $ 33,778 $ 22,597 Dividends paid on preferred stock — — — — Income attributable to common stock $ 19,613 $ 10,408 $ 33,778 $ 22,597 Weighted average common shares outstanding, basic 30,818 31,136 30,962 31,109 Basic earnings per common share $ 0.64 $ 0.33 $ 1.09 $ 0.73 Income attributable to common stock $ 19,613 $ 10,408 $ 33,778 $ 22,597 Weighted average common shares outstanding, basic 30,818 31,136 30,962 31,109 Incremental shares from assumed conversion of options and RSUs 371 436 371 436 Weighted average common shares outstanding, diluted 31,189 31,572 31,332 31,545 Diluted earnings per common share $ 0.63 $ 0.33 $ 1.08 $ 0.72

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	6 Months Ended
	Jun. 30, 2022
Retirement Benefits [Abstract]
Schedule of Stock Option Activity	A summary of the status of the Company’s options as of June 30, 2022 follows: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Intrinsic Value (in thousands) Outstanding, December 31, 2021 847,560 $ 13.19 4.3 years Granted — — — Forfeited/ Expired — — — Exercised (302,260) 13.24 — Outstanding, June 30, 2022 545,300 13.16 3.7 years $ 3,609 Vested and Exercisable, June 30, 2022 545,300 $ 13.16 3.7 years $ 3,609
Schedule of Restricted Stock Unit Activity	A summary of the status of the Company’s employee RSUs as of June 30, 2022 follows: Shares Grant Date Fair Value Unvested, December 31, 2021 401,585 $ 16.50 Awarded 153,738 17.47 Forfeited/Expired (56,190) 15.83 Vested (152,146) 16.42 Unvested, June 30, 2022 346,987 $ 17.07

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Assets Measured on Recurring Basis	The following summarizes those financial instruments measured at fair value in the Consolidated Statements of Financial Condition categorized by the relevant class of investment and level of the fair value hierarchy: June 30, 2022 (In thousands) Level 1 Level 2 Level 3 Total Available for sale securities: Mortgage-related: GSE residential certificates $ — $ 3,137 $ — $ 3,137 GSE residential CMOs — 476,237 — 476,237 GSE commercial certificates & CMO — 310,034 — 310,034 Non-GSE residential certificates — 120,142 — 120,142 Non-GSE commercial certificates — 107,840 — 107,840 Other debt: U.S. Treasury 194 — — 194 ABS — 926,953 — 926,953 Trust preferred — 13,501 — 13,501 Corporate — 147,509 — 147,509 Total assets carried at fair value $ 194 $ 2,105,353 $ — $ 2,105,547 December 31, 2021 (In thousands) Level 1 Level 2 Level 3 Total Available for sale securities: Mortgage-related: GSE residential certificates $ — $ 3,967 $ — $ 3,967 GSE residential CMOs — 463,883 — 463,883 GSE commercial certificates & CMO — 370,364 — 370,364 Non-GSE residential certificates — 66,139 — 66,139 Non-GSE commercial certificates — 81,101 — 81,101 Other Debt: U.S. Treasury 200 — — 200 ABS — 989,188 — 989,188 Trust preferred — 14,147 — 14,147 Corporate — 124,421 — 124,421 Total assets carried at fair value $ 200 $ 2,113,210 $ — $ 2,113,410
Schedule of Assets Measured on Nonrecurring Basis	The following tables summarize assets measured at fair value on a non-recurring basis: June 30, 2022 (In thousands) Carrying Value Level 1 Level 2 Level 3 Estimated Fair Value Fair Value Measurements: Impaired loans $ 54,002 $ — $ — $ 54,002 $ 54,002 $ 54,002 $ — $ — $ 54,002 $ 54,002 December 31, 2021 (In thousands) Carrying Value Level 1 Level 2 Level 3 Estimated Fair Value Fair Value Measurements: Impaired loans $ 48,111 $ — $ — $ 48,111 $ 48,111 $ 48,111 $ — $ — $ 48,111 $ 48,111
Schedule of Basis and Estimated Fair Values of Financial Instruments	The following table summarizes the financial statement basis and estimated fair values for significant categories of financial instruments: June 30, 2022 (In thousands) Carrying Value Level 1 Level 2 Level 3 Estimated Fair Value Financial assets: Cash and cash equivalents $ 332,538 $ 332,538 $ — $ — $ 332,538 Available for sale securities 2,105,547 194 2,105,353 — 2,105,547 Held to maturity securities 1,375,666 — 604,854 712,204 1,317,058 Loans held for sale 5,657 — — 5,657 5,657 Loans receivable, net 3,608,927 — — 3,368,110 3,368,110 Resell agreements 225,926 — — 225,926 225,926 Accrued interest and dividends receivable 31,001 — 31,001 — 31,001 Financial liabilities: Deposits payable on demand 7,103,544 — 7,103,544 — 7,103,544 Time deposits 187,623 — 187,762 — 187,762 Subordinated Debt 83,899 — 76,684 — 76,684 Accrued interest payable 555 — 555 — 555 December 31, 2021 (In thousands) Carrying Value Level 1 Level 2 Level 3 Estimated Fair Value Financial assets: Cash and cash equivalents $ 330,485 $ 330,485 $ — $ — $ 330,485 Available for sale securities 2,113,410 200 2,113,210 — 2,113,410 Held to maturity securities 843,569 — 216,377 633,327 849,704 Loans held for sale 3,279 — — 3,279 3,279 Loans receivable, net 3,276,358 — — 3,291,377 3,291,377 Resell agreements 229,018 — — 229,018 229,018 Accrued interest and dividends receivable 28,820 — 28,820 — 28,820 Financial liabilities: Deposits payable on demand 6,149,103 — 6,149,103 — 6,149,103 Time deposits 207,152 — 207,369 — 207,369 Subordinated Debt 83,831 — 85,000 — 85,000 Accrued interest payable 569 — 569 — 569

COMMITMENTS, CONTINGENCIES AN_2

COMMITMENTS, CONTINGENCIES AND OFF BALANCE SHEET RISK (Tables)	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Financial Instruments Outstanding Representing Credit Risk	The following financial instruments were outstanding whose contract amounts represent credit risk as of the related periods: June 30, 2022 December 31, 2021 (In thousands) Commitments to extend credit $ 1,032,961 $ 927,428 Standby letters of credit 22,039 18,752 Total $ 1,055,000 $ 946,180

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Schedule of Lease Cost and Other Information	The following table summarizes our lease cost and other operating lease information: Three Months Ended Six Months Ended June 30, 2022 (In thousands) Operating lease cost $ 2,257 $ 4,508 Cash paid for amounts included in the measurement of Operating leases liability $ 2,632 $ 5,262 Weighted average remaining lease term on operating leases (in years) 4.4 4.4 Weighted average discount rate used for operating leases liability 3.25 % 3.25 % Note: Sublease income and variable income or expense considered immaterial Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 (In thousands) Operating lease cost $ 2,184 $ 2,766 Cash paid for amounts included in the measurement of Operating leases liability $ 2,493 $ 4,423 Weighted average remaining lease term on operating leases (in years) 5.2 6.2 Weighted average discount rate used for operating leases liability 3.25 % 3.26 % Note: Sublease income and variable income or expense considered immaterial
Schedule of Remaining Commitments of Operating Lease Payments	The following table presents the remaining commitments for operating lease payments for the next five years and thereafter, as well as a reconciliation to the discounted operating leases liability recorded in the Consolidated Statements of Financial Condition as of June 30, 2022: (In thousands) As of June 30, 2022 2022 remaining $ 5,481 2023 11,285 2024 11,310 2025 10,574 2026 9,176 Thereafter 955 Total undiscounted operating lease payments 48,781 Less: present value adjustment 3,176 Total Operating leases liability $ 45,605

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Estimated Amortization Expense	The following table reflects the estimated amortization expense, comprised entirely by the Company’s core deposit intangible asset, for the next five years and thereafter: (In thousands) 2022 remaining $ 523 2023 888 2024 730 2025 574 2026 419 Thereafter 494 Total $ 3,628

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Variable Interest Entities	June 30, 2022 December 31, 2021 (In thousands) Unconsolidated Variable Interest Entities Tax credit investments included in equity investments $ 1,116 $ 1,681 Loans and letters of credit commitments 52,350 52,813 Funded portion of loans and letters of credit commitments 15,049 15,512 The following table summarizes the tax benefits conveyed by the Company’s solar generation VIE investments: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (In thousands) Tax credits and other tax benefits recognized $ 668 $ 568 $ 1,336 $ 911

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Schedule of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Equity [Abstract]
Change in obligation for postretirement benefits and for prior service credit	$ 51	$ 52	$ 102	$ 106
Change in obligation for other benefits	8	40	16	(371)
Change in total obligation for postretirement benefits and for prior service credit and for other benefits	59	92	118	(265)
Income tax effect	(16)	98	(32)	55
Net change in total obligation for postretirement benefits and prior service credit and for other benefits	43	190	86	(210)
Unrealized holding gains (losses) on available for sale securities	(52,334)	4,055	(116,038)	(1,381)
Reclassification adjustment for losses (gains) realized in income	582	(321)	417	(339)
Change in unrealized gains (losses) on available for sale securities	(51,752)	3,734	(115,621)	(1,720)
Accretion of net unrealized loss on securities transferred to held to maturity	209	0	209	0
Income tax effect	14,178	(1,020)	31,749	469
Net change in unrealized gains (losses) on securities	(37,365)	2,714	(83,663)	(1,251)
Total other comprehensive income (loss), net of taxes	$ (37,322)	$ 2,904	$ (83,577)	$ (1,461)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Reclassifications out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Non-Interest Income - other	$ 386	$ 129	$ 619	$ 290
Interest and dividend income - securities	(209)	0	(209)	0
Compensation and employee benefits	18,046	16,964	35,715	35,003
Income tax expense (benefit)	6,873	3,833	11,808	7,955
Total reclassifications, net of income tax	19,613	10,408	33,778	22,597
Reclassification out of accumulated other comprehensive income (loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications, net of income tax	(268)	238	(144)	256
Reclassification out of accumulated other comprehensive income (loss) | Realized and recognized gains (losses) on sale of AFS and OTTI securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain (loss) on sale of securities	(582)	321	(420)	342
Non-Interest Income - other	0	0	3	(3)
Interest and dividend income - securities	209	0	209	0
Income tax expense (benefit)	(100)	88	(54)	93
Total reclassifications, net of income tax	(273)	233	(154)	246
Reclassification out of accumulated other comprehensive income (loss) | Prior service credit on pension plans and other postretirement benefits
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Compensation and employee benefits	7	7	14	14
Income tax expense (benefit)	(2)	(2)	(4)	(4)
Total reclassifications, net of income tax	$ 5	$ 5	$ 10	$ 10

INVESTMENT SECURITIES - Amortiz

INVESTMENT SECURITIES - Amortized Cost and Fair Value of AFS Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 2,193,657	$ 2,103,049
Gross Unrealized Gains	645	17,754
Gross Unrealized Losses	(88,755)	(7,393)
Fair Value	2,105,547	2,113,410
Mortgage-related
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,061,775	977,144
Gross Unrealized Gains	622	12,722
Gross Unrealized Losses	(45,007)	(4,412)
Fair Value	1,017,390	985,454
GSE residential certificates
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,260	3,838
Gross Unrealized Gains	0	129
Gross Unrealized Losses	(123)	0
Fair Value	3,137	3,967
GSE residential CMOs
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	498,508	460,571
Gross Unrealized Gains	477	5,697
Gross Unrealized Losses	(22,748)	(2,385)
Fair Value	476,237	463,883
GSE commercial certificates & CMO
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	314,249	364,274
Gross Unrealized Gains	145	6,855
Gross Unrealized Losses	(4,360)	(765)
Fair Value	310,034	370,364
Non-GSE residential certificates
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	130,690	66,756
Gross Unrealized Gains	0	29
Gross Unrealized Losses	(10,548)	(646)
Fair Value	120,142	66,139
Non-GSE commercial certificates
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	115,068	81,705
Gross Unrealized Gains	0	12
Gross Unrealized Losses	(7,228)	(616)
Fair Value	107,840	81,101
Other debt
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,131,882	1,125,905
Gross Unrealized Gains	23	5,032
Gross Unrealized Losses	(43,748)	(2,981)
Fair Value	1,088,157	1,127,956
U.S. Treasury
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	199	200
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(5)	0
Fair Value	194	200
ABS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	958,114	988,061
Gross Unrealized Gains	23	3,351
Gross Unrealized Losses	(31,184)	(2,224)
Fair Value	926,953	989,188
Trust preferred
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	14,634	14,631
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,133)	(484)
Fair Value	13,501	14,147
Corporate
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	158,935	123,013
Gross Unrealized Gains	0	1,681
Gross Unrealized Losses	(11,426)	(273)
Fair Value	$ 147,509	$ 124,421

INVESTMENT SECURITIES - Amort_2

INVESTMENT SECURITIES - Amortized Cost and Fair Value of HTM Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Amortized Cost	$ 1,375,666	$ 843,569
Gross Unrealized Gains	476	8,018
Gross Unrealized Losses	(59,084)	(1,883)
Fair Value	1,317,058	849,704
Mortgage-related
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Amortized Cost	240,512	52,313
Gross Unrealized Gains	170	37
Gross Unrealized Losses	(10,149)	(777)
Fair Value	230,533	51,573
GSE CMOs
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Amortized Cost	73,842
Gross Unrealized Gains	29
Gross Unrealized Losses	(89)
Fair Value	73,782
GSE commercial certificates
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Amortized Cost	80,742	30,742
Gross Unrealized Gains	141	0
Gross Unrealized Losses	(5,445)	(489)
Fair Value	75,438	30,253
GSE residential certificates
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Amortized Cost	435	442
Gross Unrealized Gains	0	19
Gross Unrealized Losses	(7)	0
Fair Value	428	461
Non-GSE commercial certificates
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Amortized Cost	32,601	10,333
Gross Unrealized Gains	0	13
Gross Unrealized Losses	(1,784)	(288)
Fair Value	30,817	10,058
Non-GSE residential certificates
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Amortized Cost	52,892	10,796
Gross Unrealized Gains	0	5
Gross Unrealized Losses	(2,824)	0
Fair Value	50,068	10,801
Other debt
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Amortized Cost	1,135,154	791,256
Gross Unrealized Gains	306	7,981
Gross Unrealized Losses	(48,935)	(1,106)
Fair Value	1,086,525	798,131
ABS
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Amortized Cost	294,596	75,800
Gross Unrealized Gains	73	1
Gross Unrealized Losses	(6,786)	(50)
Fair Value	287,883	75,751
PACE
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Amortized Cost		627,394
Gross Unrealized Gains		5,933
Gross Unrealized Losses		0
Fair Value		633,327
Commercial PACE
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Amortized Cost	212,180
Gross Unrealized Gains	0
Gross Unrealized Losses	(8,528)
Fair Value	203,652
Residential PACE
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Amortized Cost	529,966
Gross Unrealized Gains	0
Gross Unrealized Losses	(21,414)
Fair Value	508,552
Municipal
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Amortized Cost	96,412	84,962
Gross Unrealized Gains	233	2,045
Gross Unrealized Losses	(12,201)	(1,056)
Fair Value	84,444	85,951
Other
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Amortized Cost	2,000	3,100
Gross Unrealized Gains	0	2
Gross Unrealized Losses	(6)	0
Fair Value	$ 1,994	$ 3,102

INVESTMENT SECURITIES - Narrati

INVESTMENT SECURITIES - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Available for sale securities	$ 2,105,547,000		$ 2,105,547,000		$ 2,113,410,000
Fair value of held to maturity securities, pledged as collateral	1,375,666,000		1,375,666,000		843,569,000
Book value of securities transferred from available for sale to held-to-maturity	277,300,000
Fair value of securities transferred from available for sale to held-to-maturity	260,100,000		260,112,000	$ 0
Unrealized losses from available for sale securities transferred held-to-maturity converted to discount	17,100,000
Fair value of temporarily impaired securities	1,897,352,000		1,897,352,000		1,041,016,000
Available for sale securities, temporarily impaired, unrealized loss	88,755,000		88,755,000		7,393,000
Other than temporary impairment loss	0	$ 0	3,100	$ 2,700
Excluding GSE, US Treasury, TRUPS
Debt Securities, Available-for-sale [Line Items]
Fair value of temporarily impaired securities	2,500,000,000		2,500,000,000
Available for sale securities, temporarily impaired, unrealized loss	124,100,000		124,100,000
Mortgage-related
Debt Securities, Available-for-sale [Line Items]
Available for sale securities	1,017,390,000		1,017,390,000		985,454,000
Fair value of held to maturity securities, pledged as collateral	240,512,000		240,512,000		$ 52,313,000
Mortgage-related | Asset Pledged as Collateral without Right | Federal Home Loan Bank Advances
Debt Securities, Available-for-sale [Line Items]
Available for sale securities	830,600,000		830,600,000
Fair value of held to maturity securities, pledged as collateral	$ 319,700,000		$ 319,700,000

INVESTMENT SECURITIES - AFS and

INVESTMENT SECURITIES - AFS and HTM Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Amortized Cost
Amortized Cost	$ 2,193,657	$ 2,103,049
Fair Value
Fair Value	2,105,547	2,113,410
Amortized Cost
Amortized Cost	1,375,666	843,569
Fair Value
Fair Value	1,317,058	849,704
Other debt
Amortized Cost
Due within one year	0
Due after one year through five years	104,445
Due after five years through ten years	456,022
Due after ten years	571,415
Amortized Cost	1,131,882	1,125,905
Fair Value
Due within one year	0
Due after one year through five years	97,688
Due after five years through ten years	443,596
Due after ten years	546,873
Fair Value	1,088,157	1,127,956
Amortized Cost
Due within one year	2,000
Due after one year through five years	9,410
Due after five years through ten years	6,997
Due after ten years	1,116,747
Amortized Cost	1,135,154	791,256
Fair Value
Due within one year	1,994
Due after one year through five years	9,283
Due after five years through ten years	6,952
Due after ten years	1,068,296
Fair Value	$ 1,086,525	$ 798,131

INVESTMENT SECURITIES - Proceed

INVESTMENT SECURITIES - Proceeds Received and Gains (Losses) Realized on Sale of Available for Sale Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Proceeds	$ 35,789	$ 48,345	$ 35,951	$ 62,883
Realized gains	0	490	162	562
Realized losses	(582)	(169)	(582)	(220)
Net realized gains (losses)	$ (582)	$ 321	$ (420)	$ 342

INVESTMENT SECURITIES - Schedul

INVESTMENT SECURITIES - Schedule of Unrealized Losses on Available for Sale and Held to Maturity Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	$ 1,484,693	$ 772,318
Available for sale, less than 12 months, unrealized losses	(63,542)	(5,725)
Available for sale, 12 months or longer, fair value	412,659	268,698
Available for sale, 12 months or longer, unrealized losses	(25,213)	(1,668)
Available for sale, total fair value	1,897,352	1,041,016
Available for sale, total unrealized losses	(88,755)	(7,393)
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]
Held to maturity, less than 12 months, fair value	1,173,813	105,529
Held to maturity, less than 12 months, unrealized loss	(50,968)	(1,679)
Held to maturity, 12 months or longer, fair value	63,401	3,876
Held to maturity, 12 months or longer, unrealized loss	(8,116)	(204)
Held to maturity, total fair value	1,237,214	109,405
Held to maturity, total unrealized losses	(59,084)	(1,883)
GSE CMOs
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]
Held to maturity, less than 12 months, fair value	52,217
Held to maturity, less than 12 months, unrealized loss	(89)
Held to maturity, 12 months or longer, fair value	0
Held to maturity, 12 months or longer, unrealized loss	0
Held to maturity, total fair value	52,217
Held to maturity, total unrealized losses	(89)
GSE residential certificates
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	3,137
Available for sale, less than 12 months, unrealized losses	(123)
Available for sale, 12 months or longer, fair value	0
Available for sale, 12 months or longer, unrealized losses	0
Available for sale, total fair value	3,137
Available for sale, total unrealized losses	(123)
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]
Held to maturity, less than 12 months, fair value	428
Held to maturity, less than 12 months, unrealized loss	(7)
Held to maturity, 12 months or longer, fair value	0
Held to maturity, 12 months or longer, unrealized loss	0
Held to maturity, total fair value	428
Held to maturity, total unrealized losses	(7)
GSE residential CMOs
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	288,774	222,825
Available for sale, less than 12 months, unrealized losses	(12,940)	(2,385)
Available for sale, 12 months or longer, fair value	113,695	0
Available for sale, 12 months or longer, unrealized losses	(9,808)	0
Available for sale, total fair value	402,469	222,825
Available for sale, total unrealized losses	(22,748)	(2,385)
GSE commercial certificates & CMO
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	96,499	28,695
Available for sale, less than 12 months, unrealized losses	(2,981)	(271)
Available for sale, 12 months or longer, fair value	86,999	159,681
Available for sale, 12 months or longer, unrealized losses	(1,379)	(494)
Available for sale, total fair value	183,498	188,376
Available for sale, total unrealized losses	(4,360)	(765)
Non-GSE residential certificates
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	94,796	55,284
Available for sale, less than 12 months, unrealized losses	(7,471)	(646)
Available for sale, 12 months or longer, fair value	25,346	0
Available for sale, 12 months or longer, unrealized losses	(3,077)	0
Available for sale, total fair value	120,142	55,284
Available for sale, total unrealized losses	(10,548)	(646)
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]
Held to maturity, less than 12 months, fair value	50,068
Held to maturity, less than 12 months, unrealized loss	(2,824)
Held to maturity, 12 months or longer, fair value	0
Held to maturity, 12 months or longer, unrealized loss	0
Held to maturity, total fair value	50,068
Held to maturity, total unrealized losses	(2,824)
Non-GSE commercial certificates
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	92,746	42,530
Available for sale, less than 12 months, unrealized losses	(6,259)	(247)
Available for sale, 12 months or longer, fair value	15,017	23,124
Available for sale, 12 months or longer, unrealized losses	(969)	(369)
Available for sale, total fair value	107,763	65,654
Available for sale, total unrealized losses	(7,228)	(616)
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]
Held to maturity, less than 12 months, fair value	11,489	9,857
Held to maturity, less than 12 months, unrealized loss	(181)	(288)
Held to maturity, 12 months or longer, fair value	19,166	0
Held to maturity, 12 months or longer, unrealized loss	(1,603)	0
Held to maturity, total fair value	30,655	9,857
Held to maturity, total unrealized losses	(1,784)	(288)
GSE commercial certificates
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]
Held to maturity, less than 12 months, fair value	30,340	30,253
Held to maturity, less than 12 months, unrealized loss	(3,124)	(489)
Held to maturity, 12 months or longer, fair value	17,688	0
Held to maturity, 12 months or longer, unrealized loss	(2,321)	0
Held to maturity, total fair value	48,028	30,253
Held to maturity, total unrealized losses	(5,445)	(489)
U.S. Treasury
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	194
Available for sale, less than 12 months, unrealized losses	(5)
Available for sale, 12 months or longer, fair value	0
Available for sale, 12 months or longer, unrealized losses	0
Available for sale, total fair value	194
Available for sale, total unrealized losses	(5)
ABS
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	771,008	374,241
Available for sale, less than 12 months, unrealized losses	(23,367)	(1,903)
Available for sale, 12 months or longer, fair value	148,131	71,746
Available for sale, 12 months or longer, unrealized losses	(7,817)	(321)
Available for sale, total fair value	919,139	445,987
Available for sale, total unrealized losses	(31,184)	(2,224)
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]
Held to maturity, less than 12 months, fair value	257,471	26,951
Held to maturity, less than 12 months, unrealized loss	(6,398)	(50)
Held to maturity, 12 months or longer, fair value	15,523	0
Held to maturity, 12 months or longer, unrealized loss	(388)	0
Held to maturity, total fair value	272,994	26,951
Held to maturity, total unrealized losses	(6,786)	(50)
Trust preferred
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	0	0
Available for sale, less than 12 months, unrealized losses	0	0
Available for sale, 12 months or longer, fair value	13,501	14,147
Available for sale, 12 months or longer, unrealized losses	(1,133)	(484)
Available for sale, total fair value	13,501	14,147
Available for sale, total unrealized losses	(1,133)	(484)
Corporate
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	137,539	48,743
Available for sale, less than 12 months, unrealized losses	(10,396)	(273)
Available for sale, 12 months or longer, fair value	9,970	0
Available for sale, 12 months or longer, unrealized losses	(1,030)	0
Available for sale, total fair value	147,509	48,743
Available for sale, total unrealized losses	(11,426)	(273)
Commercial PACE
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]
Held to maturity, less than 12 months, fair value	203,652
Held to maturity, less than 12 months, unrealized loss	(8,528)
Held to maturity, 12 months or longer, fair value	0
Held to maturity, 12 months or longer, unrealized loss	0
Held to maturity, total fair value	203,652
Held to maturity, total unrealized losses	(8,528)
Residential PACE
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]
Held to maturity, less than 12 months, fair value	508,552
Held to maturity, less than 12 months, unrealized loss	(21,414)
Held to maturity, 12 months or longer, fair value	0
Held to maturity, 12 months or longer, unrealized loss	0
Held to maturity, total fair value	508,552
Held to maturity, total unrealized losses	(21,414)
Municipal
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]
Held to maturity, less than 12 months, fair value	57,602	38,468
Held to maturity, less than 12 months, unrealized loss	(8,397)	(852)
Held to maturity, 12 months or longer, fair value	11,024	3,876
Held to maturity, 12 months or longer, unrealized loss	(3,804)	(204)
Held to maturity, total fair value	68,626	42,344
Held to maturity, total unrealized losses	(12,201)	$ (1,056)
Other
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]
Held to maturity, less than 12 months, fair value	1,994
Held to maturity, less than 12 months, unrealized loss	(6)
Held to maturity, 12 months or longer, fair value	0
Held to maturity, 12 months or longer, unrealized loss	0
Held to maturity, total fair value	1,994
Held to maturity, total unrealized losses	$ (6)

LOANS RECEIVABLE, NET - Schedul

LOANS RECEIVABLE, NET - Schedule of Loans Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	$ 3,643,598		$ 3,307,654
Net deferred loan origination costs (fees)	4,806		4,570
Total loans receivable, net of deferred loan origination costs (fees)	3,648,404		3,312,224
Allowance for loan losses	(39,477)	$ (37,542)	(35,866)	$ (38,012)	$ (36,662)	$ (41,589)
Total loans receivable, net	3,608,927		3,276,358
Commercial portfolio
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	1,981,116		1,952,154
Commercial portfolio | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	743,403		729,385
Allowance for loan losses	(14,617)	(12,169)	(10,652)	(12,092)	(8,692)	(9,065)
Commercial portfolio | Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	853,514		821,801
Allowance for loan losses	(4,397)	(4,232)	(4,760)	(5,672)	(6,125)	(10,324)
Commercial portfolio | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	340,987		369,429
Allowance for loan losses	(5,726)	(6,840)	(7,273)	(8,388)	(8,464)	(6,213)
Commercial portfolio | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	43,212		31,539
Allowance for loan losses	(709)	(654)	(405)	(1,449)	(1,391)	(2,077)
Retail portfolio
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	1,662,482		1,355,500
Retail portfolio | Residential real estate lending
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	1,236,088		1,063,682
Allowance for loan losses	(10,304)	(9,336)	(9,008)	(9,785)	(10,747)	(12,330)
Retail portfolio | Consumer and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	426,394		291,818
Allowance for loan losses	$ (3,724)	$ (4,311)	$ (3,768)	$ (626)	$ (1,243)	$ (1,580)

LOANS RECEIVABLE, NET - Sched_2

LOANS RECEIVABLE, NET - Schedule of Quality of Bank's Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	$ 3,643,598	$ 3,307,654
Non- Accrual	13,949	28,219
90 Days or More Delinquent and Still Accruing Interest	0	0
Current and Not Accruing Interest	10,448	0
30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	8,307	68,019
Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	22,256	96,238
Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	3,610,894	3,211,416
Commercial portfolio
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,981,116	1,952,154
Non- Accrual	11,580	15,274
90 Days or More Delinquent and Still Accruing Interest	0	0
Current and Not Accruing Interest	10,448	0
Commercial portfolio | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	3,987	61,618
Commercial portfolio | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	15,567	76,892
Commercial portfolio | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,955,101	1,875,262
Commercial portfolio | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	743,403	729,385
Non- Accrual	0	8,313
90 Days or More Delinquent and Still Accruing Interest	0	0
Current and Not Accruing Interest	9,550	0
Commercial portfolio | Commercial and industrial | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	0	0
Commercial portfolio | Commercial and industrial | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	0	8,313
Commercial portfolio | Commercial and industrial | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	733,853	721,072
Commercial portfolio | Multifamily
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	853,514	821,801
Non- Accrual	3,494	2,907
90 Days or More Delinquent and Still Accruing Interest	0	0
Current and Not Accruing Interest	0	0
Commercial portfolio | Multifamily | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	0	13,537
Commercial portfolio | Multifamily | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	3,494	16,444
Commercial portfolio | Multifamily | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	850,020	805,357
Commercial portfolio | Commercial real estate
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	340,987	369,429
Non- Accrual	3,033	4,054
90 Days or More Delinquent and Still Accruing Interest	0	0
Current and Not Accruing Interest	898	0
Commercial portfolio | Commercial real estate | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	3,987	21,599
Commercial portfolio | Commercial real estate | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	7,020	25,653
Commercial portfolio | Commercial real estate | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	333,069	343,776
Commercial portfolio | Construction and land development
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	43,212	31,539
Non- Accrual	5,053	0
90 Days or More Delinquent and Still Accruing Interest	0	0
Current and Not Accruing Interest	0	0
Commercial portfolio | Construction and land development | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	0	26,482
Commercial portfolio | Construction and land development | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	5,053	26,482
Commercial portfolio | Construction and land development | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	38,159	5,057
Retail portfolio
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,662,482	1,355,500
Non- Accrual	2,369	12,945
90 Days or More Delinquent and Still Accruing Interest	0	0
Current and Not Accruing Interest	0	0
Retail portfolio | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	4,320	6,401
Retail portfolio | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	6,689	19,346
Retail portfolio | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,655,793	1,336,154
Retail portfolio | Residential real estate lending
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,236,088	1,063,682
Non- Accrual	898	12,525
90 Days or More Delinquent and Still Accruing Interest	0	0
Current and Not Accruing Interest	0	0
Retail portfolio | Residential real estate lending | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,664	4,811
Retail portfolio | Residential real estate lending | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	2,562	17,336
Retail portfolio | Residential real estate lending | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,233,526	1,046,346
Retail portfolio | Consumer and other
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	426,394	291,818
Non- Accrual	1,471	420
90 Days or More Delinquent and Still Accruing Interest	0	0
Current and Not Accruing Interest	0	0
Retail portfolio | Consumer and other | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	2,656	1,590
Retail portfolio | Consumer and other | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	4,127	2,010
Retail portfolio | Consumer and other | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	$ 422,267	$ 289,808

LOANS RECEIVABLE, NET - Sched_3

LOANS RECEIVABLE, NET - Schedule of Troubled Debt Restructurings (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Accruing	$ 35,683	$ 24,997
Non- Accrual	16,288	13,497
Total	3,643,598	3,307,654
Nonperforming Financial Instruments
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	51,971	38,494
Commercial portfolio
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	1,981,116	1,952,154
Commercial portfolio | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Accruing	10,113	4,052
Non- Accrual	7,804	8,313
Total	743,403	729,385
Commercial portfolio | Commercial and industrial | Nonperforming Financial Instruments
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	17,917	12,365
Commercial portfolio | Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
Accruing	10,483	0
Non- Accrual	0	0
Total	853,514	821,801
Commercial portfolio | Multifamily | Nonperforming Financial Instruments
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	10,483	0
Commercial portfolio | Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Accruing	0	0
Non- Accrual	3,033	3,166
Total	340,987	369,429
Commercial portfolio | Commercial real estate | Nonperforming Financial Instruments
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	3,033	3,166
Commercial portfolio | Construction and land development
Financing Receivable, Allowance for Credit Loss [Line Items]
Accruing	2,424	7,476
Non- Accrual	5,053	0
Total	43,212	31,539
Commercial portfolio | Construction and land development | Nonperforming Financial Instruments
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	7,477	7,476
Retail portfolio
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	1,662,482	1,355,500
Retail portfolio | Residential real estate lending
Financing Receivable, Allowance for Credit Loss [Line Items]
Accruing	12,663	13,469
Non- Accrual	398	2,018
Total	1,236,088	1,063,682
Retail portfolio | Residential real estate lending | Nonperforming Financial Instruments
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 13,061	$ 15,487

LOANS RECEIVABLE, NET - Sched_4

LOANS RECEIVABLE, NET - Schedule of Troubled Debt Restructurings Granted (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) loan	Jun. 30, 2021 USD ($) loan	Jun. 30, 2022 USD ($) loan	Jun. 30, 2021 USD ($) loan
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of Loans | loan	2	1	4	1
Pre-Modification Balance	$ 6,435	$ 2,779	$ 16,435	$ 2,779
Post-Modification Balance	$ 6,435	$ 2,779	$ 16,918	$ 2,779
Commercial portfolio | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of Loans | loan	2	0	2	0
Pre-Modification Balance	$ 6,435	$ 0	$ 6,435	$ 0
Post-Modification Balance	$ 6,435	$ 0	$ 6,435	$ 0
Commercial portfolio | Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of Loans | loan			2	0
Pre-Modification Balance			$ 10,000	$ 0
Post-Modification Balance			$ 10,483	$ 0
Commercial portfolio | Construction and land development
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of Loans | loan	0	1	0	1
Pre-Modification Balance	$ 0	$ 2,779	$ 0	$ 2,779
Post-Modification Balance	$ 0	$ 2,779	$ 0	$ 2,779

LOANS RECEIVABLE, NET - Sched_5

LOANS RECEIVABLE, NET - Schedule of Loan Portfolio by Credit Quality Indicator (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	$ 3,643,598	$ 3,307,654
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	3,507,793	3,076,768
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	54,322	73,208
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	81,483	157,678
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	0	0
Commercial portfolio
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	1,981,116	1,952,154
Commercial portfolio | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	743,403	729,385
Commercial portfolio | Commercial and industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	710,534	693,312
Commercial portfolio | Commercial and industrial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	7,923	10,165
Commercial portfolio | Commercial and industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	24,946	25,908
Commercial portfolio | Commercial and industrial | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	0	0
Commercial portfolio | Multifamily
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	853,514	821,801
Commercial portfolio | Multifamily | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	800,167	721,869
Commercial portfolio | Multifamily | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	25,433	48,804
Commercial portfolio | Multifamily | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	27,914	51,128
Commercial portfolio | Multifamily | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	0	0
Commercial portfolio | Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	340,987	369,429
Commercial portfolio | Commercial real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	301,243	295,261
Commercial portfolio | Commercial real estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	20,966	13,947
Commercial portfolio | Commercial real estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	18,778	60,221
Commercial portfolio | Commercial real estate | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	0	0
Commercial portfolio | Construction and land development
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	43,212	31,539
Commercial portfolio | Construction and land development | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	35,736	24,063
Commercial portfolio | Construction and land development | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	0	0
Commercial portfolio | Construction and land development | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	7,476	7,476
Commercial portfolio | Construction and land development | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	0	0
Retail portfolio
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	1,662,482	1,355,500
Retail portfolio | Residential real estate lending
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	1,236,088	1,063,682
Retail portfolio | Residential real estate lending | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	1,235,190	1,050,865
Retail portfolio | Residential real estate lending | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	0	292
Retail portfolio | Residential real estate lending | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	898	12,525
Retail portfolio | Residential real estate lending | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	0	0
Retail portfolio | Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	426,394	291,818
Retail portfolio | Consumer and other | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	424,923	291,398
Retail portfolio | Consumer and other | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	0	0
Retail portfolio | Consumer and other | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	1,471	420
Retail portfolio | Consumer and other | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	$ 0	$ 0

LOANS RECEIVABLE, NET - Method

LOANS RECEIVABLE, NET - Method of Evaluating Impairment of Loans and Allowance (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans - individually evaluated for impairment	$ 60,080		$ 53,216
Loans - collectively evaluated for impairment	3,583,518		3,254,438
Total Loans Receivable	3,643,598		3,307,654
Allowance for loan losses - individually evaluated for impairment	6,078		5,105
Allowance for loan losses - collectively evaluated for impairment	33,399		30,761
Total allowance for loan losses	39,477	$ 37,542	35,866	$ 38,012	$ 36,662	$ 41,589
Commercial portfolio
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans Receivable	1,981,116		1,952,154
Commercial portfolio | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans - individually evaluated for impairment	21,134		12,785
Loans - collectively evaluated for impairment	722,269		716,600
Total Loans Receivable	743,403		729,385
Allowance for loan losses - individually evaluated for impairment	5,309		4,350
Allowance for loan losses - collectively evaluated for impairment	9,308		6,302
Total allowance for loan losses	14,617	12,169	10,652	12,092	8,692	9,065
Commercial portfolio | Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans - individually evaluated for impairment	13,977		2,907
Loans - collectively evaluated for impairment	839,537		818,894
Total Loans Receivable	853,514		821,801
Allowance for loan losses - individually evaluated for impairment	179		0
Allowance for loan losses - collectively evaluated for impairment	4,218		4,760
Total allowance for loan losses	4,397	4,232	4,760	5,672	6,125	10,324
Commercial portfolio | Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans - individually evaluated for impairment	3,931		4,054
Loans - collectively evaluated for impairment	337,056		365,375
Total Loans Receivable	340,987		369,429
Allowance for loan losses - individually evaluated for impairment	0		0
Allowance for loan losses - collectively evaluated for impairment	5,726		7,273
Total allowance for loan losses	5,726	6,840	7,273	8,388	8,464	6,213
Commercial portfolio | Construction and land development
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans - individually evaluated for impairment	7,477		7,476
Loans - collectively evaluated for impairment	35,735		24,063
Total Loans Receivable	43,212		31,539
Allowance for loan losses - individually evaluated for impairment	0		0
Allowance for loan losses - collectively evaluated for impairment	709		405
Total allowance for loan losses	709	654	405	1,449	1,391	2,077
Retail portfolio
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans Receivable	1,662,482		1,355,500
Retail portfolio | Residential real estate lending
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans - individually evaluated for impairment	13,561		25,994
Loans - collectively evaluated for impairment	1,222,527		1,037,688
Total Loans Receivable	1,236,088		1,063,682
Allowance for loan losses - individually evaluated for impairment	590		755
Allowance for loan losses - collectively evaluated for impairment	9,714		8,253
Total allowance for loan losses	10,304	9,336	9,008	9,785	10,747	12,330
Retail portfolio | Consumer and other
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans - individually evaluated for impairment	0		0
Loans - collectively evaluated for impairment	426,394		291,818
Total Loans Receivable	426,394		291,818
Allowance for loan losses - individually evaluated for impairment	0		0
Allowance for loan losses - collectively evaluated for impairment	3,724		3,768
Total allowance for loan losses	$ 3,724	$ 4,311	$ 3,768	$ 626	$ 1,243	$ 1,580

LOANS RECEIVABLE, NET - Sched_6

LOANS RECEIVABLE, NET - Schedule of Activity in Allowance by Portfolio (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 37,542	$ 36,662	$ 35,866	$ 41,589
Provision for (recovery of) loan losses	2,912	1,682	5,205	(1,579)
Charge-offs	(1,777)	(896)	(3,100)	(3,285)
Recoveries	800	564	1,506	1,287
Ending Balance	39,477	38,012	39,477	38,012
Commercial portfolio | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	12,169	8,692	10,652	9,065
Provision for (recovery of) loan losses	2,442	3,397	3,953	2,820
Charge-offs	0	0	0	0
Recoveries	6	3	12	207
Ending Balance	14,617	12,092	14,617	12,092
Commercial portfolio | Multifamily
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	4,232	6,125	4,760	10,324
Provision for (recovery of) loan losses	165	(453)	53	(2,744)
Charge-offs	0	0	(416)	(1,908)
Recoveries	0	0	0	0
Ending Balance	4,397	5,672	4,397	5,672
Commercial portfolio | Commercial real estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	6,840	8,464	7,273	6,213
Provision for (recovery of) loan losses	(1,114)	(76)	(1,547)	2,175
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Ending Balance	5,726	8,388	5,726	8,388
Commercial portfolio | Construction and land development
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	654	1,391	405	2,077
Provision for (recovery of) loan losses	54	58	302	(629)
Charge-offs	0	0	0	0
Recoveries	1	0	2	1
Ending Balance	709	1,449	709	1,449
Retail portfolio | Residential real estate lending
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	9,336	10,747	9,008	12,330
Provision for (recovery of) loan losses	1,076	(1,446)	792	(3,383)
Charge-offs	(782)	(60)	(821)	(201)
Recoveries	674	544	1,325	1,039
Ending Balance	10,304	9,785	10,304	9,785
Retail portfolio | Consumer and other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	4,311	1,243	3,768	1,580
Provision for (recovery of) loan losses	289	202	1,652	182
Charge-offs	(995)	(836)	(1,863)	(1,176)
Recoveries	119	17	167	40
Ending Balance	$ 3,724	$ 626	$ 3,724	$ 626

LOANS RECEIVABLE, NET - Sched_7

LOANS RECEIVABLE, NET - Schedule of Individually Impaired Loans and Allowances (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2020	Dec. 31, 2021
Financing Receivable, Impaired [Line Items]
Loans without a related allowance - recorded investment	$ 11,893		$ 22,037
Loans without a related allowance - average recorded investment	14,455	$ 28,740
Loans without a related allowance - unpaid principal balance	25,809		24,325
Loans with a related allowance - recorded investment	48,187		31,179
Loans with a related allowance - average recorded investment	44,687	38,107
Loans with a related allowance - unpaid principal balance	51,722		40,537
Total individually impaired loans - recorded investment	60,080		53,216
Total individually impaired loans - average recorded investment	59,142	66,847
Total individually impaired loans - unpaid principal balance	77,531		64,862
Individually impaired loans - related allowance	6,078		5,105
Retail portfolio | Residential real estate lending
Financing Receivable, Impaired [Line Items]
Loans without a related allowance - recorded investment	485		10,507
Loans without a related allowance - average recorded investment	3,018	15,666
Loans without a related allowance - unpaid principal balance	2,689		11,896
Loans with a related allowance - recorded investment	13,076		15,487
Loans with a related allowance - average recorded investment	13,783	18,120
Loans with a related allowance - unpaid principal balance	15,747		19,306
Total individually impaired loans - recorded investment	13,561		25,994
Total individually impaired loans - average recorded investment	16,801	33,786
Total individually impaired loans - unpaid principal balance	18,436		31,202
Individually impaired loans - related allowance	590		755
Commercial portfolio | Construction and land development
Financing Receivable, Impaired [Line Items]
Loans without a related allowance - recorded investment	7,477		7,476
Loans without a related allowance - average recorded investment	7,477	9,330
Loans without a related allowance - unpaid principal balance	7,476		7,476
Total individually impaired loans - recorded investment	7,477		7,476
Total individually impaired loans - average recorded investment	7,477	9,330
Total individually impaired loans - unpaid principal balance	7,476		7,476
Individually impaired loans - related allowance	0		0
Commercial portfolio | Commercial real estate
Financing Receivable, Impaired [Line Items]
Loans without a related allowance - recorded investment	3,931		4,054
Loans without a related allowance - average recorded investment	3,960	3,744
Loans without a related allowance - unpaid principal balance	4,997		4,953
Total individually impaired loans - recorded investment	3,931		4,054
Total individually impaired loans - average recorded investment	3,960	3,744
Total individually impaired loans - unpaid principal balance	4,997		4,953
Individually impaired loans - related allowance	0		0
Commercial portfolio | Multifamily
Financing Receivable, Impaired [Line Items]
Loans with a related allowance - recorded investment	13,977		2,907
Loans with a related allowance - average recorded investment	13,999	6,241
Loans with a related allowance - unpaid principal balance	14,141		8,024
Total individually impaired loans - recorded investment	13,977		2,907
Total individually impaired loans - average recorded investment	13,999	6,241
Total individually impaired loans - unpaid principal balance	24,788		8,024
Individually impaired loans - related allowance	179		0
Commercial portfolio | Commercial and industrial
Financing Receivable, Impaired [Line Items]
Loans with a related allowance - recorded investment	21,134		12,785
Loans with a related allowance - average recorded investment	16,905	13,746
Loans with a related allowance - unpaid principal balance	21,834		13,207
Total individually impaired loans - recorded investment	21,134		12,785
Total individually impaired loans - average recorded investment	16,905	$ 13,746
Total individually impaired loans - unpaid principal balance	21,834		13,207
Individually impaired loans - related allowance	$ 5,309		$ 4,350

LOANS RECEIVABLE, NET - Narrati

LOANS RECEIVABLE, NET - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total loans receivable, net	$ 3,608,927	$ 3,276,358
Related party loans outstanding	1,100	500
Asset Pledged as Collateral without Right | Federal Home Loan Bank Advances
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total loans receivable, net	$ 800,000	$ 1,100,000

DEPOSITS - Schedule of Deposits

DEPOSITS - Schedule of Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Amount
Non-interest bearing demand deposit accounts	$ 3,965,907	$ 3,335,005
NOW accounts	208,795	210,844
Money market deposit accounts	2,540,657	2,227,953
Savings accounts	388,185	375,301
Time deposits	187,623	207,152
Total deposits	$ 7,291,167	$ 6,356,255
Weighted Average Rate
NOW accounts	0.13%	0.08%
Money market deposit accounts	0.20%	0.12%
Savings accounts	0.15%	0.11%
Time deposits	0.30%	0.32%
Deposits	0.09%	0.06%

DEPOSITS - Schedule of Maturiti

DEPOSITS - Schedule of Maturities of Time Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Time Deposits, Fiscal Year Maturity [Abstract]
2022	$ 123,728
2023	50,051
2024	7,191
2025	4,646
2026	1,764
Thereafter	243
Total time deposits	$ 187,623	$ 207,152

DEPOSITS - Narrative (Details)

DEPOSITS - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Statistical Disclosure for Banks [Abstract]
Time deposits at or above FDIC limit	$ 47.5	$ 43.7
CDARS deposits	41.7	56
Deposits from Workers United and other related entities	95.9	99.9
State and municipal deposits	$ 39.3	$ 65.5

BORROWED FUNDS - Narrative (Det

BORROWED FUNDS - Narrative (Details) - USD ($) $ in Thousands	Nov. 08, 2021	Jun. 30, 2022	Dec. 31, 2021
Financial Instruments Owned and Pledged as Collateral [Line Items]
Aggregate principal amount		$ 83,899	$ 83,831
Other eligible assets pledged as collateral		$ 1,400,000
Required percentage of pledged assets to FHLBNY of outstanding advances		110%
Compromised Securities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Other eligible assets pledged as collateral		$ 779,300
Mortgage Loans
Financial Instruments Owned and Pledged as Collateral [Line Items]
Other eligible assets pledged as collateral		$ 646,700
Fixed-to-Floating Rate Notes | Subordinated Debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Aggregate principal amount	$ 85,000
Interest rate	3.25%
Redemption price percentage	100%
Fixed-to-Floating Rate Notes | Subordinated Debt | Secured Overnight Financing Rate
Financial Instruments Owned and Pledged as Collateral [Line Items]
Variable rate	2.30%

EARNINGS PER SHARE - Narrative

EARNINGS PER SHARE - Narrative (Details) - shares shares in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Number of antidilutive shares (in shares)	0.4	0.1

EARNINGS PER SHARE - Schedule o

EARNINGS PER SHARE - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Net income attributable to Amalgamated Financial Corp.	$ 19,613	$ 10,408	$ 33,778	$ 22,597
Dividends paid on preferred stock	0	0	0	0
Income attributable to common stock	$ 19,613	$ 10,408	$ 33,778	$ 22,597
Weighted average common shares outstanding, basic (in shares)	30,818	31,136	30,962	31,109
Basic earnings per common share (in dollars per share)	$ 0.64	$ 0.33	$ 1.09	$ 0.73
Incremental shares for assumed conversion of options and RSUs (in shares)	371	436	371	436
Weighted average common shares outstanding, diluted (in shares)	31,189	31,572	31,332	31,545
Diluted earnings per common share (in dollars per share)	$ 0.63	$ 0.33	$ 1.08	$ 0.72

EMPLOYEE BENEFIT PLANS - Stock

EMPLOYEE BENEFIT PLANS - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Number of Options
Outstanding, balance at the beginning of the period (in shares)	847,560
Granted (in shares)	0
Forfeited/expired (in shares)	0
Exercised (in shares)	(302,260)
Outstanding, balance at the end of the period (in shares)	545,300	847,560
Vested and exercisable (in shares)	545,300
Weighted Average Exercise Price
Outstanding, balance at the beginning of the period (in dollars per share)	$ 13.19
Granted (in dollars per share)	0
Forfeited/expired (in dollars per share)	0
Exercised (in dollars per share)	13.24
Outstanding, balance at the end of the period (in dollars per share)	13.16	$ 13.19
Vested and exercisable (in dollars per share)	$ 13.16
Other Disclosures
Options outstanding, weighted average remaining contractual term	3 years 8 months 12 days	4 years 3 months 18 days
Options vested and exercisable, weighted average remaining contractual term	3 years 8 months 12 days
Options outstanding, aggregate intrinsic value	$ 3,609
Options exercisable, aggregate intrinsic value	$ 3,609

EMPLOYEE BENEFIT PLANS - Narrat

EMPLOYEE BENEFIT PLANS - Narrative (Details) - USD ($)				3 Months Ended		6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Apr. 28, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price of stock options, minimum (in dollars per share)						$ 11
Exercise price of stock options, maximum (in dollars per share)						$ 14.65
Number of shares issued to employees (in shares)	14,967	2,905
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost						$ 0	$ 0
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for stock-based awards (in shares)	1,250,000			1,250,000		1,250,000
Number of shares available for issuance (in shares)	468,207			468,207		468,207
Number of shares granted (in shares)						153,738
Unvested shares (in shares)	346,987			346,987		346,987		401,585
Restricted Stock Units | Share-Based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of shares granted (in dollars per share)						$ 17.47
Restricted Stock Units | Share-Based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of shares granted (in dollars per share)						$ 17.39
Restricted Stock Units | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost				$ 100,000	$ 300,000
Unrecognized compensation cost	$ 500,000			500,000		$ 500,000
Restricted Stock Units | Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost				$ 600,000	$ 300,000	$ 1,100,000	$ 800,000
Number of shares reserved for issuance (in shares)	184,179			184,179		184,179
Unrecognized compensation cost, period for recognition						1 year 10 months 24 days
Unrecognized compensation cost	$ 3,800,000			$ 3,800,000		$ 3,800,000
Restricted Stock Units | Employee | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of achievable awards (in shares)						264,933
Restricted Stock Units | Employee | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of achievable awards (in shares)						460,278
Time-Based Restricted Stock Units | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)						30,217
Vesting period						1 year
Time-Based Restricted Stock Units | Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)						92,857
Vesting period						3 years
Performance Shares | Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)						60,881
Performance Shares | Employee | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of achievable awards (in shares)						0
Performance Shares | Employee | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of achievable awards (in shares)						46,368
Performance-Based Restricted Stock Units | Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period						3 years
Performance-Based Restricted Stock Units | Employee | Share-Based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)						16,536
Performance-Based Restricted Stock Units | Employee | Share-Based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)						14,376
Market-Based Restricted Stock Units | Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)						29,969
Vesting period						3 years
Fair value of shares granted (in dollars per share)						$ 17.91
Market-Based Restricted Stock Units | Employee | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of achievable awards (in shares)						0
Market-Based Restricted Stock Units | Employee | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of achievable awards (in shares)						44,954
Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for stock-based awards (in shares)			500,000
Maximum withholding percentage for each employee of eligible compensation			15%
Maximum value of shares eligible to be purchased by employees for each calendar year						$ 25,000
Purchase price of common stock, percentage of fair market value			85%

EMPLOYEE BENEFIT PLANS - Restri

EMPLOYEE BENEFIT PLANS - Restricted Stock Units Activity (Details) - Restricted Stock Units	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Shares
Unvested at the beginning of the period (in shares)	401,585
Awarded (in shares)	153,738
Forfeited/expired (in shares)	(56,190)
Vested (in shares)	(152,146)
Unvested at the end of the period (in shares)	346,987
Grant Date Fair Value
Unvested at the beginning of the period (in dollars per share) | $ / shares	$ 16.50
Forfeited/expired (in dollars per share) | $ / shares	15.83
Vested (in dollars per share) | $ / shares	16.42
Unvested at the end of the period (in dollars per share) | $ / shares	$ 17.07

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Fair Value of Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 2,105,547	$ 2,113,410
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	2,105,547	2,113,410
Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	194	200
Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	2,105,353	2,113,210
Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Mortgage-related
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,017,390	985,454
GSE residential certificates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	3,137	3,967
GSE residential certificates | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	3,137	3,967
GSE residential certificates | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
GSE residential certificates | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	3,137	3,967
GSE residential certificates | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
GSE residential CMOs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	476,237	463,883
GSE residential CMOs | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	476,237	463,883
GSE residential CMOs | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
GSE residential CMOs | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	476,237	463,883
GSE residential CMOs | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
GSE commercial certificates & CMO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	310,034	370,364
GSE commercial certificates & CMO | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	310,034	370,364
GSE commercial certificates & CMO | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
GSE commercial certificates & CMO | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	310,034	370,364
GSE commercial certificates & CMO | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Non-GSE residential certificates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	120,142	66,139
Non-GSE residential certificates | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	120,142	66,139
Non-GSE residential certificates | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Non-GSE residential certificates | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	120,142	66,139
Non-GSE residential certificates | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Non-GSE commercial certificates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	107,840	81,101
Non-GSE commercial certificates | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	107,840	81,101
Non-GSE commercial certificates | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Non-GSE commercial certificates | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	107,840	81,101
Non-GSE commercial certificates | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Other debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,088,157	1,127,956
U.S. Treasury
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	194	200
U.S. Treasury | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	194	200
U.S. Treasury | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	194	200
U.S. Treasury | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
U.S. Treasury | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
ABS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	926,953	989,188
ABS | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	926,953	989,188
ABS | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
ABS | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	926,953	989,188
ABS | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Trust preferred
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	13,501	14,147
Trust preferred | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	13,501	14,147
Trust preferred | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Trust preferred | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	13,501	14,147
Trust preferred | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	147,509	124,421
Corporate | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	147,509	124,421
Corporate | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Corporate | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	147,509	124,421
Corporate | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 0	$ 0

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Securities Measured on Non-Recurring Basis (Details) - Fair Value, Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 54,002	$ 48,111
Total value of assets measured on non-recurring basis	54,002	48,111
Estimated Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	54,002	48,111
Total value of assets measured on non-recurring basis	54,002	48,111
Estimated Fair Value | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Total value of assets measured on non-recurring basis	0	0
Estimated Fair Value | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Total value of assets measured on non-recurring basis	0	0
Estimated Fair Value | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	54,002	48,111
Total value of assets measured on non-recurring basis	$ 54,002	$ 48,111

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Basis and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financial assets:
Available for sale securities	$ 2,105,547	$ 2,113,410
Held to maturity securities	1,317,058	849,704
Carrying Value
Financial assets:
Cash and cash equivalents	332,538	330,485
Available for sale securities	2,105,547	2,113,410
Held to maturity securities	1,375,666	843,569
Loans held for sale	5,657	3,279
Loans receivable, net	3,608,927	3,276,358
Resell agreements	225,926	229,018
Accrued interest and dividends receivable	31,001	28,820
Financial liabilities:
Subordinated Debt	83,899	83,831
Accrued interest payable	555	569
Carrying Value | Deposits payable on demand
Financial liabilities:
Deposits	7,103,544	6,149,103
Carrying Value | Time deposits
Financial liabilities:
Deposits	187,623	207,152
Estimated Fair Value
Financial assets:
Cash and cash equivalents	332,538	330,485
Available for sale securities	2,105,547	2,113,410
Held to maturity securities	1,317,058	849,704
Loans held for sale	5,657	3,279
Loans receivable, net	3,368,110	3,291,377
Resell agreements	225,926	229,018
Accrued interest and dividends receivable	31,001	28,820
Financial liabilities:
Subordinated Debt	76,684	85,000
Accrued interest payable	555	569
Estimated Fair Value | Deposits payable on demand
Financial liabilities:
Deposits	7,103,544	6,149,103
Estimated Fair Value | Time deposits
Financial liabilities:
Deposits	187,762	207,369
Estimated Fair Value | Level 1
Financial assets:
Cash and cash equivalents	332,538	330,485
Available for sale securities	194	200
Held to maturity securities	0	0
Loans held for sale	0	0
Loans receivable, net	0	0
Resell agreements	0	0
Accrued interest and dividends receivable	0	0
Financial liabilities:
Subordinated Debt	0	0
Accrued interest payable	0	0
Estimated Fair Value | Level 1 | Deposits payable on demand
Financial liabilities:
Deposits	0	0
Estimated Fair Value | Level 1 | Time deposits
Financial liabilities:
Deposits	0	0
Estimated Fair Value | Level 2
Financial assets:
Cash and cash equivalents	0	0
Available for sale securities	2,105,353	2,113,210
Held to maturity securities	604,854	216,377
Loans held for sale	0	0
Loans receivable, net	0	0
Resell agreements	0	0
Accrued interest and dividends receivable	31,001	28,820
Financial liabilities:
Subordinated Debt	76,684	85,000
Accrued interest payable	555	569
Estimated Fair Value | Level 2 | Deposits payable on demand
Financial liabilities:
Deposits	7,103,544	6,149,103
Estimated Fair Value | Level 2 | Time deposits
Financial liabilities:
Deposits	187,762	207,369
Estimated Fair Value | Level 3
Financial assets:
Cash and cash equivalents	0	0
Available for sale securities	0	0
Held to maturity securities	712,204	633,327
Loans held for sale	5,657	3,279
Loans receivable, net	3,368,110	3,291,377
Resell agreements	225,926	229,018
Accrued interest and dividends receivable	0	0
Financial liabilities:
Subordinated Debt	0	0
Accrued interest payable	0	0
Estimated Fair Value | Level 3 | Deposits payable on demand
Financial liabilities:
Deposits	0	0
Estimated Fair Value | Level 3 | Time deposits
Financial liabilities:
Deposits	$ 0	$ 0

COMMITMENTS, CONTINGENCIES AN_3

COMMITMENTS, CONTINGENCIES AND OFF BALANCE SHEET RISK - Schedule of Financial Instruments Outstanding Representing Credit Risk (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	$ 1,055,000	$ 946,180
Commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	1,032,961	927,428
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	$ 22,039	$ 18,752

COMMITMENTS, CONTINGENCIES AN_4

COMMITMENTS, CONTINGENCIES AND OFF BALANCE SHEET RISK - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Reserve for credit risk inherent in off balance sheet credit commitments	$ 1.8	$ 1.5
Property Assessed Clean Energy Commitments
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Investment obligations, amount fulfilled	373
Remaining commitment	$ 91.6

LEASES - Lease Cost and Other I

LEASES - Lease Cost and Other Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Operating lease cost	$ 2,257	$ 2,184	$ 4,508	$ 2,766
Cash paid for amounts included in the measurement of Operating leases liability	$ 2,632	$ 2,493	$ 5,262	$ 4,423
Weighted average remaining lease term on operating leases (in years)	4 years 4 months 24 days	5 years 2 months 12 days	4 years 4 months 24 days	6 years 2 months 12 days
Weighted average discount rate used for operating leases liability	3.25%	3.25%	3.25%	3.26%

LEASES - Remaining Commitments

LEASES - Remaining Commitments of Operating Lease Payments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2022 remaining	$ 5,481
2023	11,285
2024	11,310
2025	10,574
2026	9,176
Thereafter	955
Total undiscounted operating lease payments	48,781
Less: present value adjustment	3,176
Total Operating leases liability	$ 45,605	$ 48,160

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 12,936	$ 12,936
Accumulated amortization of intangible assets	$ 5,400

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Schedule of Estimated Amortization Expense (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2022 remaining	$ 523
2023	888
2024	730
2025	574
2026	419
Thereafter	494
Total	$ 3,628

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Maximum exposure to credit loss	$ 53,500		$ 53,500
Unconsolidated Variable Interest Entities
Variable Interest Entity [Line Items]
Tax credit investments included in equity investments	1,116		1,116		$ 1,681
Loans and letters of credit commitments	52,350		52,350		52,813
Funded portion of loans and letters of credit commitments	15,049		15,049		$ 15,512
Tax credits and other tax benefits recognized	$ 668	$ 568	$ 1,336	$ 911