Amalgamated Financial (AMAL) 10-Q 9 May 23 2023 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2023	May 09, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	001-40136
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		30,611,847
Entity Central Index Key	0001823608
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 5,192	$ 5,110
Interest-bearing deposits in banks	125,705	58,430
Total cash and cash equivalents	130,897	63,540
Securities:
Available for sale, at fair value	1,639,105	1,812,476
Held-to-maturity, net of allowance	1,618,507	1,541,301
Loans held for sale	5,653	7,943
Loans receivable, net of deferred loan origination costs	4,198,170	4,106,002
Allowance for credit losses	(67,323)	(45,031)
Loans receivable, net	4,130,847	4,060,971
Resell agreements	15,431	25,754
Federal Home Loan Bank of New York ("FHLBNY") stock, at cost	3,507	29,607
Accrued interest and dividends receivable	40,844	41,441
Premises and equipment, net	9,250	9,856
Bank-owned life insurance	105,405	105,624
Right-of-use lease asset	26,516	28,236
Deferred tax asset, net	62,504	62,507
Goodwill	12,936	12,936
Intangible assets, net	2,883	3,105
Equity investments	8,170	8,305
Other assets	24,001	29,522
Total assets	7,836,456	7,843,124
Liabilities
Deposits	7,041,361	6,595,037
Subordinated debt	73,737	77,708
FHLBNY advances	0	580,000
Other borrowings	140,000	0
Operating leases	38,333	40,779
Other liabilities	23,867	40,645
Total liabilities	7,317,298	7,334,169
Stockholders’ equity
Common stock, par value $0.01 per share (70,000,000 shares authorized; 30,736,141 and 30,700,198 shares issued, respectively, and 30,642,299 and 30,700,198 shares outstanding, respectively)	307	307
Additional paid-in capital	287,514	286,947
Retained earnings	330,673	330,275
Accumulated other comprehensive loss, net of income taxes	(97,317)	(108,707)
Treasury stock, at cost (93,842 and zero shares, respectively)	(2,152)	0
Total Amalgamated Financial Corp. stockholders' equity	519,025	508,822
Noncontrolling interests	133	133
Total stockholders' equity	519,158	508,955
Total liabilities and stockholders’ equity	$ 7,836,456	$ 7,843,124

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Available-for-sale, amortized cost	$ 1,755,787	$ 1,944,343
Allowance for credit losses	687	0
Fair Value	$ 1,489,155	$ 1,414,871
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)	30,736,141	30,700,198
Common stock, shares outstanding (in shares)	30,642,299	30,700,198
Treasury stock, common (in shares)	93,842	0
FHLBNY advances	$ 0	$ 580,000
Other borrowings	$ 140,000	$ 0

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
INTEREST AND DIVIDEND INCOME
Loans	$ 44,806	$ 31,127
Securities	39,512	19,155
Interest-bearing deposits in banks	618	179
Total interest and dividend income	84,936	50,461
INTEREST EXPENSE
Deposits	13,835	1,402
Borrowed funds	3,821	691
Total interest expense	17,656	2,093
NET INTEREST INCOME	67,280	48,368
Provision for credit losses	4,958	2,293
Net interest income after provision for credit losses	62,322	46,075
NON-INTEREST INCOME
Trust Department fees	3,929	3,491
Service charges on deposit accounts	2,455	2,447
Bank-owned life insurance	781	814
Gain (loss) on sale of securities	(3,086)	162
Gain (loss) on sale of loans, net	3	(157)
Equity method investments income	153	432
Other	973	233
Total non-interest income	5,208	7,422
NON-INTEREST EXPENSE
Compensation and employee benefits	22,014	17,669
Occupancy and depreciation	3,399	3,440
Professional fees	2,230	2,815
Data processing	4,549	5,184
Office maintenance and depreciation	728	725
Amortization of intangible assets	222	262
Advertising and promotion	1,587	854
Federal deposit insurance premiums	718	667
Other	3,180	2,781
Total non-interest expense	38,627	34,397
Income before income taxes	28,903	19,100
Income tax expense	7,565	4,935
Net income	$ 21,338	$ 14,165
Earnings per common share - basic (in dollars per share)	$ 0.69	$ 0.46
Earnings per common share - diluted (in dollars per share)	$ 0.69	$ 0.45

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 21,338	$ 14,165
Other comprehensive income (loss), net of taxes:
Change in total obligation for postretirement benefits and for prior service credit and for other benefits	48	59
Net unrealized gains (losses) on securities:
Unrealized holding gains (losses) on securities available for sale	12,099	(63,704)
Reclassification adjustment for losses (gains) realized in income	3,086	(165)
Accretion of net unrealized loss on securities transferred to held-to-maturity	488	0
Net unrealized gains (losses) on securities	15,673	(63,869)
Other comprehensive income (loss), before tax	15,721	(63,810)
Income Tax Effect	(4,331)	17,555
Other comprehensive income (loss), net of taxes	11,390	(46,255)
Total comprehensive income (loss), net of taxes	$ 32,728	$ (32,090)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders’ Equity (unaudited) - USD ($) $ in Thousands	Total	Adoption of ASU No. 2016-13	Beginning balance - ACL	Total Stockholders' Equity	Total Stockholders' Equity Adoption of ASU No. 2016-13	Total Stockholders' Equity Beginning balance - ACL	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained Earnings Adoption of ASU No. 2016-13	Retained Earnings Beginning balance - ACL	Accumulated Other Comprehensive Income (Loss)	Treasury Stock, at cost	Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, shares outstanding (in shares)							31,130,143
Beginning balance at Dec. 31, 2021	$ 563,875			$ 563,742			$ 311	$ 297,975	$ 260,047			$ 5,409	$ 0	$ 133
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	14,165			14,165					14,165
Repurchase of common stock (in shares)							(170,572)
Repurchase of common stock	(2,941)			(2,941)			$ (1)	(2,940)
Number of shares issued to employees (in shares)							2,905
Common stock issued under Employee Stock Purchase Plan	52			52				52
Dividends on common stock	(2,490)			(2,490)					(2,490)
Exercise of stock options, net of repurchases (in shares)							6,964
Exercise of stock options, net of repurchases	(305)			(305)				(305)
Restricted stock units vesting, net of repurchases (in shares)							25,831
Restricted stock units vesting, net of repurchases	(229)			(229)				(229)
Stock-based compensation expense	890			890				890
Other comprehensive income (loss), net of taxes	(46,255)			(46,255)								(46,255)
Ending balance at Mar. 31, 2022	$ 526,762			526,629			$ 310	295,443	271,722			(40,846)	0	133
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, shares outstanding (in shares)							30,995,271
Common stock, shares outstanding (in shares)	30,700,198						30,700,198
Beginning balance at Dec. 31, 2022	$ 508,955	$ (17,825)	$ 491,130	508,822	$ (17,825)	$ 490,997	$ 307	286,947	330,275	$ (17,825)	$ 312,450	(108,707)	0	133
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	21,338			21,338					21,338
Repurchase of common stock (in shares)							(128,803)
Repurchase of common stock	(2,425)			(2,425)									(2,425)
Number of shares issued to employees (in shares)							21,919
Common stock issued under Employee Stock Purchase Plan	388			388				(25)					413
Dividends on common stock	$ (3,115)			(3,115)					(3,115)
Exercise of stock options, net of repurchases (in shares)	29,320						6,631
Exercise of stock options, net of repurchases	$ (91)			(91)				(91)
Restricted stock units vesting, net of repurchases (in shares)							42,354
Restricted stock units vesting, net of repurchases	(494)			(494)				(354)					(140)
Stock-based compensation expense	1,037			1,037				1,037
Other comprehensive income (loss), net of taxes	11,390			11,390								11,390
Ending balance at Mar. 31, 2023	$ 519,158			$ 519,025			$ 307	$ 287,514	$ 330,673			$ (97,317)	$ (2,152)	$ 133
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13
Common stock, shares outstanding (in shares)	30,642,299						30,642,299

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders’ Equity (unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Dividends (in dollars per share)	$ 0.10	$ 0.08

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 21,338,000	$ 14,165,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	869,000	899,000
Amortization of intangible assets	222,000	262,000
Deferred income tax expense (benefit)	3,308,000	(1,876,000)
Provision for credit losses	4,958,000	2,293,000
Stock-based compensation expense	1,037,000	890,000
Net amortization on loan fees, costs, premiums, and discounts	36,000	285,000
Net amortization on securities	408,000	1,175,000
OTTI gain recognized in earnings	0	(3,000)
Net income from equity method investments	(153,000)	(432,000)
Net loss (gain) on sale of securities available for sale	3,086,000	(162,000)
Net loss (gain) on sale of loans	(3,000)	157,000
Net gain on redemption of bank-owned life insurance	(225,000)	(313,000)
Proceeds from sales of loans held for sale	3,459,000	5,913,000
Originations of loans held for sale	(1,176,000)	(5,298,000)
Increase in cash surrender value of bank-owned life insurance	(556,000)	(501,000)
Net gain on repurchase of subordinated debt	(780,000)	0
Decrease in accrued interest and dividends receivable	597,000	1,411,000
Decrease in other assets	6,403,000	2,784,000
Decrease in accrued expenses and other liabilities	(7,975,000)	(4,591,000)
Net cash provided by operating activities	34,853,000	17,058,000
CASH FLOWS FROM INVESTING ACTIVITIES
Net increase in loans	(94,742,000)	(158,836,000)
Purchase of securities available for sale	(17,220,000)	(448,390,000)
Purchase of securities held-to-maturity	(98,893,000)	(146,276,000)
Proceeds from sales of securities available for sale	145,305,000	162,000
Maturities, principal payments and redemptions of securities available for sale	42,144,000	76,842,000
Maturities, principal payments and redemptions of securities held-to-maturity	21,082,000	42,352,000
Decrease in resell agreements	10,323,000	48,868,000
Increase in equity method investments	288,000	186,000
Decrease in FHLBNY stock, net	26,100,000	0
Purchases of premises and equipment, net	(263,000)	(818,000)
Proceeds from redemption of bank-owned life insurance	980,000	1,105,000
Net cash provided by (used in) investing activities	35,104,000	(584,805,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits	446,324,000	617,218,000
Net increase in other borrowings	140,000,000	0
Net decrease in FHLBNY advances	(580,000,000)	0
Repurchase of subordinated debt	(3,220,000)	0
Common stock issued under Employee Stock Purchase Plan	388,000	52,000
Repurchase of common stock	(2,425,000)	(2,941,000)
Dividends paid	(3,082,000)	(2,490,000)
Payments related to repurchase of common stock for equity awards	(585,000)	(534,000)
Net cash provided by (used in) financing activities	(2,600,000)	611,305,000
Increase in cash, cash equivalents, and restricted cash	67,357,000	43,558,000
Cash, cash equivalents, and restricted cash at beginning of year	63,540,000	330,485,000
Cash, cash equivalents, and restricted cash at end period	130,897,000	374,043,000
Supplemental disclosures of cash flow information:
Interest paid during the period	15,509,000	1,388,000
Income taxes paid during the period	291,000	115,000
Redemption of bank-owned life insurance included in other assets
Loans transferred to held-for-sale	$ 0	$ 2,490,000

BASIS OF PRESENTATION AND CONSO

BASIS OF PRESENTATION AND CONSOLIDATION	3 Months Ended
	Mar. 31, 2023
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 have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. The annualized results of operations for the three months ended March 31, 2023 are not necessarily indicative of the results of operations that may be expected for the entire fiscal year. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). 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. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes appearing in the Annual Report on Form 10-K for the year ended December 31, 2022 (the “2022 Annual Report”). A more detailed description of our accounting policies is included in the 2022 Annual Report, which remain significantly unchanged except for the Allowance for Credit Losses ("ACL") policy, resulting from the adoption of the Accounting Standard Update ("ASU") No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments and its amendments, (“ASU No. 2016-13”) as of January 1, 2023, as well as the addition of accounting policies related to treasury stock: Treasury stock - Treasury stock is carried at cost. Shares sold or granted out of treasury are valued based on the weighted average cost. There have been no other significant changes to our accounting policies, or the estimates made pursuant to those policies as described in our 2022 Annual Report. Recently Adopted Accounting Standards ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments The Company adopted ASU No. 2016-13 inclusive of subsequent amendments as of January 1, 2023. ASU No. 2016-13 amends guidance on reporting credit losses for assets held on an amortized cost basis and available-for-sale debt securities, as well as off balance sheet credit exposures. For assets held at amortized cost, ASU No. 2016-13 eliminates the probable initial recognition threshold in current GAAP and, instead, requires an entity to reflect its current estimate of all expected credit losses. The amendments in ASU No. 2016-13 replace the incurred loss impairment methodology with a methodology that reflects the measurement of expected credit losses based on relevant information about past events, including historical loss experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amounts. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of financial assets to present the net amount expected to be collected. For available for sale debt securities, credit losses will be presented as an allowance rather than as a write-down. For the Company, the amendments affected loans, debt securities, off-balance sheet credit exposures, and any other financial assets not excluded from the scope that have the contractual right to receive cash. The Company adopted ASU No. 2016-13 on a modified retrospective basis with a cumulative-effect adjustment to retained earnings as of the adoption date and, accordingly, the Company recorded a net of tax decrease of $17.8 million to retained earnings as of January 1, 2023. The results for prior period amounts continue to be reported in accordance with previously applicable GAAP. The below table illustrates the impact of the adoption of ASU 2016-13. January 1, 2023 Gross Adjustment Tax Impact Net Adjustment to Retained Earnings Assets: Allowance for credit losses on held-to-maturity securities $ 668 $ (184) $ 484 Allowance for credit losses on loans 21,229 (5,849) 15,380 Liabilities: Allowance for credit losses on off-balance sheet credit exposures 2,705 (744) 1,961 Total Day 1 Adjustment for Adoption of ASU 2016-13 $ 24,602 $ (6,777) $ 17,825 Allowance for Credit Losses - Available for Sale Securities: Any available for sale security in an unrealized loss position is assessed for Management's intent to sell, or if it is more likely than not that it will be required to sell before the recovery of its amortized cost basis. If either criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through income. Accrued interest receivable is excluded from the estimate of expected credit losses, as accrued interest receivable is reversed for securities placed on nonaccrual status. Securities issued by U.S. government entities are either explicitly or implicitly guaranteed by the U.S. government, and are highly rated by major ratings agencies and have a long history of no credit losses. For debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from expected credit losses or other factors in making this assessment. Management considers the extent in which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows is expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. There was no allowance for credit losses for available for sale securities as of January 1, 2023. Allowance for Credit Losses - Held-to-maturity Securities: Management measures expected credit losses on held-to-maturity securities on a collective basis by security type. Accrued interest receivable is excluded from the estimate of expected credit losses, as accrued interest receivable is reversed for securities placed on nonaccrual status. The Company has identified the following portfolio segments and measures the allowance for credit losses using the following methods: Mortgage-backed - Certain residential securities held by the Company are issued by U.S. government entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government, and are highly rated by major rating agencies and have a long history of no credit losses. Non-GSE residential securities held by the Company carry ratings no lower than A. These investments are secured by pools of commercial or residential certificates. Asset-backed securities ("ABS") - ABS held by the Company are secured by pools of consumer products such as student loans, consumer loans, and consumer residential solar loans. Property assessed clean energy ("PACE") - PACE held by the Company are secured low loan to value long-term funding for energy efficient and renewable energy projects for residential or commercial projects. Other securities - Other securities held by the Company include corporate securities, municipal securities and small investments community reinvestment act investments secured by loans. Allowance for Credit Losses - Loans: The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of a financial asset or a group of financial assets so that the balance sheet reflects the net amount the Company expects to collect. Amortized cost is the principal balance outstanding, net of purchase premiums and discounts, and deferred fees and costs. Accrued interest receivable on loans is excluded from the estimate of expected credit losses, as accrued interest receivable is reversed for loans placed on nonaccrual status. Subsequent changes (favorable and unfavorable) in expected credit losses are recognized immediately in net income as a credit loss expense or a reversal of credit loss expense. Loans are charged off against the allowance when management believes the uncollectibility of a loan balance is confirmed. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. Management calculates the estimation of the allowance for credit losses on loans on a quarterly basis. The Company’s methodology to measure the allowance for credit losses incorporates both quantitative and qualitative information to assess lifetime expected credit losses at the portfolio segment level. The quantitative component of the allowance model calculates future loan level balances by considering the loan segment baseline loss rate based on a peer group and severity rate. Expected credit losses are estimated over the contractual term of the loans, adjusted for forecasted prepayments when appropriate. The baseline loss rate is adjusted for relevant macroeconomic variables by loan segment that consider forecasted economic conditions. The adjusted loss rate is calculated for an eight quarter forecast period then reverts to the historical loss rate on a straight-line basis over four quarters. The loan level cash flows are discounted at the effective interest rate to calculate a loan level allowance which is aggregated at the loan segment level to arrive at the estimated allowance. Economic parameters are developed using available information relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit experience provides the basis for the estimation of expected credit losses, with qualitative adjustments made to loan segments for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency levels and terms, as well as for changes in environmental conditions, such as changes in unemployment rates, property values or other relevant factors. The allowance for credit losses on loans is measured on a collective (pool) basis when similar risk characteristics exist. The Company has identified the following portfolio segments and measures the allowance for credit losses using the methods described above. Commercial and Industrial Loans - Loans in this classification are made to businesses and include term loans, lines of credit, and senior secured loans to corporations. Generally, these loans are secured by assets of the business and repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer and/or business spending, will have an effect on the credit quality in this loan class. Multifamily Mortgage Loans - Loans in this classification include income producing residential investment properties of five or more families. Loans are made to established owners with a proven and demonstrable record of strong performance. Repayment is derived generally from the rental income generated from the property and may be supplemented by the owners’ personal cash flow. Credit risk arises with an increase in vacancy rates, property mismanagement and the predominance of non-recourse loans that are customary in the industry. Commercial Real Estate Loans - Loans in this classification include income producing investment properties and owner-occupied real estate used for business purposes. The underlying properties are located largely in the Company’s primary market area. The cash flows of the income producing investment properties are adversely impacted by a downturn in the economy as evidenced by increased vacancy rates, which in turn, will have an effect on credit quality. In the case of owner-occupied real estate used for business purposes, a weakened economy and resultant decreased consumer and/or business spending will have an adverse effect on credit quality. Construction and Land Development Loans - Loans in this classification primarily include land loans to local individuals, contractors and developers for developing the land for sale or for the purpose of making improvements thereon. Repayment is derived primarily from sale of the lots/units including any pre-sold units. Credit risk is affected by market conditions, time to sell at an adequate price and cost overruns. To a lesser extent, this class includes commercial development projects that the Company finances, which in most cases are interest only during construction, and then convert to permanent financing. Construction delays, cost overruns, market conditions and the availability of permanent financing, to the extent such permanent financing is not being provided by the Bank, all affect the credit risk in this loan class. Residential Real Estate Loans - Loans in this classification are generally secured by owner-occupied residential real estate and repayment is dependent on the credit quality of the individual borrower. Loans in this class are secured by both first liens and second liens. The overall health of the economy, including unemployment rates and housing prices, can have an effect on the credit quality in this loan class. Consumer Solar Loans - Loans in this classification may be either secured or unsecured. This portfolio is comprised of residential solar loans. Repayment is dependent on the credit quality of the individual borrower and, if applicable, sale of the collateral securing the loan. Therefore, the overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this loan class. Consumer and Other Loans - Loans in this classification may be either secured or unsecured. This portfolio is comprised of student loans and other consumer products. Repayment is dependent on the credit quality of the individual borrower and, if applicable, sale of the collateral securing the loan. Therefore, the overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this loan class. Loans that are determined to have unique risk characteristics are evaluated on an individual basis by Management. Loans evaluated individually are not included in the collective evaluation. Factors that may be considered are borrower delinquency trends and nonaccrual status, probability of foreclosure or note sale, changes in the borrower’s circumstances or cash collections, borrower’s industry, or other facts and circumstances of the loan or collateral. Individually Evaluated Loans with an ACL: For collateral-dependent loans where the Company has determined that foreclosure of the collateral is probable, or where the borrower is experiencing financial difficulty and the Company expects repayment of the loan to be provided substantially through the operation or sale of the collateral, the ACL is measured based on the difference between the fair value of the collateral, less the estimated costs to sell, and the amortized cost basis of the loan as of the measurement date. The fair value of real estate collateral is determined based on recent appraised values. The fair value of non-real estate collateral, may be determined based on an appraisal, net book value per the borrower’s financial statements, aging reports, or by reference to market activity, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation and management’s expertise and knowledge of the borrower and its business. For non-collateral dependent loans, ACL is measured based on the difference between the present value of expected cash flows and the amortized cost basis of the loan as of the measurement date. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures: The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company for its security and loan portfolios. The allowance for credit losses on off-balance sheet credit exposures is recorded in other liabilities on the consolidated statements of financial condition, and adjusted through the credit loss expense which is recorded in the provision for credit losses on the consolidated statements of income. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life, which is the same as the expected loss factor as determined based on the corresponding portfolio segment. At January 1, 2023, the Day 1 adjustment to allowance for credit losses on off-balance sheet credit exposures was $2.7 million, of which $2.6 million related to obligations on the loans portfolio, and $0.1 million related to obligations on the securities portfolio. ASU 2022-02, Financial Instruments - Credit Losses (Topic 326) - Troubled Debt Restructurings and Vintage Disclosures On March 31, 2022, the Financial Accounting Standards Board ("FASB") issued ASU 2022-02, which eliminates the troubled debt restructuring ("TDR") accounting model for creditors that have adopted Topic 326, “Financial Instruments – Credit Losses.” Specifically, rather than applying the recognition and measurement guidance for TDRs, this ASU requires entities to evaluate receivable modifications, consistent with the accounting for other loan modifications, to determine whether a modification made to a borrower results is a new loan or a continuation of the existing loan. In addition, under the new ASU, entities are no longer required to use a discounted cash flow ("DCF") method to measure the ACL as a result of a modification or restructuring with a borrower experiencing financial difficulty. If a DCF method is used, the post-modification-derived effective interest rate is to be used, instead of the original interest rate as stipulated under the current GAAP. This ASU also enhances the disclosure requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. This ASU amends the guidance on “vintage disclosures” to require the disclosure of current-period gross write-offs by year of origination. The Company adopted ASU 2022-02 on January 1, 2023 on a prospective basis. The adoption of the standard did not have a material impact on the financial statements. Refer to the Loans receivable, net footnote for updated disclosures for the three months ended March 31, 2023. Reclassifications

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following is a summary of the accumulated comprehensive income (loss) balances, net of income taxes: Balance as of Balance as of January 1, Current Income Tax Balance as of March 31, 2023 (In thousands) Unrealized gains (losses) on benefits plans $ (1,652) $ 48 $ (13) $ (1,617) Unrealized gains (losses) on available for sale securities (95,539) 15,185 (4,184) (84,538) Unaccreted unrealized loss on securities transferred to held-to-maturity (11,516) 488 (134) (11,162) Total $ (108,707) $ 15,721 $ (4,331) $ (97,317) Balance as of January 1, 2022 Current Income Tax Balance as of March 31, 2022 (In thousands) Unrealized gains (losses) on benefits plans $ (2,102) $ 59 $ (16) $ (2,059) Unrealized gains (losses) on available for sale securities 7,511 (63,869) 17,571 (38,787) Total $ 5,409 $ (63,810) $ 17,555 $ (40,846) Other comprehensive income (loss) components and related income tax effects were as follows: Three Months Ended 2023 2022 (In thousands) Postretirement Benefit Plans Change in obligation for postretirement benefits and for prior service credit $ 40 $ 44 Reclassification adjustment for prior service expense included in compensation and employee benefits 7 7 Change in obligation for other benefits 1 8 Change in total obligation for postretirement benefits and for prior service credit and for other benefits 48 59 Income tax benefit (expense) (13) (16) Net change in total obligation for postretirement benefits and prior service credit and for other benefits 35 43 Securities Unrealized holding gains (losses) on available for sale securities 12,099 (63,704) Reclassification adjustment for losses (gains) realized in gain (loss) on sale of securities 3,086 (162) Reclassification adjustment for gains on OTTI securities recognized in non-interest income - other — (3) Accretion of net unrealized loss on securities transferred to held-to-maturity recognized in interest income from securities 488 — Change in unrealized gains (losses) on available for sale securities 15,673 (63,869) Income tax benefit (expense) (4,318) 17,571 Net change in unrealized gains (losses) on securities 11,355 (46,298) Total $ 11,390 $ (46,255)

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 are as follows: March 31, 2023 (In thousands) Amortized Gross Gross Fair Available for sale: Mortgage-related: Government sponsored entities ("GSE") residential CMOs ("collateralized mortgage obligations") $ 417,326 $ 29 $ (33,961) $ 383,394 GSE commercial certificates & CMOs 174,968 27 (7,155) 167,840 Non-GSE residential certificates 120,591 — (15,042) 105,549 Non-GSE commercial certificates 107,310 — (10,044) 97,266 820,195 56 (66,202) 754,049 Other debt: U.S. Treasury 199 — (6) 193 Asset backed securities ("ABS") 786,515 122 (30,453) 756,184 Trust preferred 10,989 — (911) 10,078 Corporate 137,889 — (19,288) 118,601 935,592 122 (50,658) 885,056 Total available for sale $ 1,755,787 $ 178 $ (116,860) $ 1,639,105 Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value Held-to-maturity: Mortgage-related: GSE residential CMOs $ 68,356 $ — $ (3,497) $ 64,859 GSE commercial certificates 90,114 — (9,235) 80,879 GSE residential certificates 424 — (12) 412 Non-GSE commercial certificates 32,630 — (2,989) 29,641 Non-GSE residential certificates 49,525 — (5,001) 44,524 241,049 — (20,734) 220,315 Other debt: ABS 286,581 — (11,049) 275,532 Commercial PACE 262,398 — (29,652) 232,746 Residential PACE 733,997 — (53,492) 680,505 Municipal 95,169 59 (15,171) 80,057 1,378,145 59 (109,364) 1,268,840 Allowance for credit losses (687) Total held-to-maturity $ 1,618,507 $ 59 $ (130,098) $ 1,489,155 As of March 31, 2023, available for sale securities with a fair value of $909.5 million and held-to-maturity securities with a fair value of $437.2 million were pledged. The majority of the securities were pledged to the FHLBNY 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, 2022 are as follows: December 31, 2022 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale: Mortgage-related: GSE residential CMOs $ 427,529 $ 24 $ (38,293) $ 389,260 GSE commercial certificates & CMOs 222,620 — (8,834) 213,786 Non-GSE residential certificates 123,139 — (16,059) 107,080 Non-GSE commercial certificates 108,286 — (10,804) 97,482 881,574 24 (73,990) 807,608 Other debt: U.S. Treasury 199 — (7) 192 ABS 901,746 34 (39,617) 862,163 Trust preferred 10,988 — (845) 10,143 Corporate 149,836 — (17,466) 132,370 1,062,769 34 (57,935) 1,004,868 Total available for sale $ 1,944,343 $ 58 $ (131,925) $ 1,812,476 Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value Held-to-maturity: Mortgage-related: GSE residential CMOs $ 69,391 $ — $ (4,054) $ 65,337 GSE commercial certificates 90,335 — (11,186) 79,149 GSE residential certificates 428 — (17) 411 Non-GSE commercial certificates 32,635 9 (3,148) 29,496 Non-GSE residential certificates 50,468 — (5,245) 45,223 243,257 0 9 (23,650) 219,616 Other debt: ABS 288,682 — (15,175) 273,507 Commercial PACE 255,424 — (26,782) 228,642 Residential PACE 656,453 — (44,833) 611,620 Municipal 95,485 — (15,999) 79,486 Other 2,000 — — 2,000 1,298,044 — (102,789) 1,195,255 Total held-to-maturity $ 1,541,301 $ 9 $ (126,439) $ 1,414,871 There were no transfers to or from securities held-to-maturity during the three months ended March 31, 2023 or the three months ended March 31, 2022. 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 March 31, 2023. 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 $ 199 $ 193 $ — $ — Due after one year through five years 67,197 59,366 9,424 9,042 Due after five years through ten years 349,001 332,811 10,557 9,756 Due after ten years 519,195 492,686 1,358,164 1,250,042 $ 935,592 $ 885,056 $ 1,378,145 $ 1,268,840 Three Months Ended, March 31, 2023 March 31, 2022 (In thousands) Proceeds $ 145,305 $ 162 Realized gains $ — $ 162 Realized losses (3,086) — Net realized gains (losses) $ (3,086) $ 162 There were no sales of held-to-maturity securities during the three months ended March 31, 2023 or the three months ended March 31, 2022. The Company controls and monitors inherent credit risk in its securities portfolio through due diligence, diversification, concentration limits, periodic securities reviews, and by investing in low risk securities. This includes high quality Non Agency Securities, low loan-to-value PACE Bonds and a significant portion of the securities portfolio in U.S. GSE obligations. GSEs include the Federal Home Loan Mortgage Corporation (“FHLMC”), the Federal National Mortgage Association (“FNMA”), the Government National Mortgage Association (“GNMA”) and the Small Business Administration (“SBA”). GNMA is a wholly owned U.S. Government corporation whereas FHLMC and FNMA are private. Mortgage-related securities may include mortgage pass-through certificates, participation certificates and CMOs. The following summarizes the fair value and unrealized losses for those available for sale and unrecognized losses for those held-to-maturity securities as of March 31, 2023 and December 31, 2022, respectively, segregated between securities that have been in an unrealized or unrecognized loss position for less than twelve months and those that have been in a continuous unrealized or unrecognized loss position for twelve months or longer at the respective dates: March 31, 2023 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 $ 114,581 $ 3,870 $ 263,412 $ 30,091 $ 377,993 $ 33,961 GSE commercial certificates & CMOs 57,752 1,225 85,061 5,930 142,813 7,155 Non-GSE residential certificates 9,949 456 95,600 14,586 105,549 15,042 Non-GSE commercial certificates 32,811 1,206 64,455 8,838 97,266 10,044 Other debt: U.S. Treasury — — 193 6 193 6 ABS 72,764 1,720 665,109 28,733 737,873 30,453 Trust preferred — — 10,078 911 10,078 911 Corporate 30,297 3,792 86,504 15,496 116,801 19,288 Total available for sale $ 318,154 $ 12,269 $ 1,270,412 $ 104,591 $ 1,588,566 $ 116,860 Less Than Twelve Months Twelve Months or Longer Total Fair Value Unrecognized Fair Value Unrecognized Fair Value Unrecognized Held-to-maturity: Mortgage-related: GSE CMOs $ 41,924 $ 1,880 $ 22,935 $ 1,617 $ 64,859 $ 3,497 GSE commercial certificates 35,961 1,617 44,918 7,618 80,879 9,235 GSE residential certificates 412 12 — — 412 12 Non GSE commercial certificates — — 29,520 2,989 29,520 2,989 Non GSE residential certificates 7,008 450 37,516 4,551 44,524 5,001 Other debt: ABS 57,468 2,433 218,064 8,616 275,532 11,049 Commercial PACE 232,746 29,652 — — 232,746 29,652 Residential PACE 680,505 53,492 — — 680,505 53,492 Municipal 13,691 703 50,808 14,468 64,499 15,171 Total held-to-maturity $ 1,069,715 $ 90,239 $ 403,761 $ 39,859 $ 1,473,476 $ 130,098 December 31, 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 CMOs $ 231,562 $ 13,937 $ 151,285 $ 24,356 $ 382,847 $ 38,293 GSE commercial certificates & CMOs 153,325 6,729 60,461 2,105 213,786 8,834 Non-GSE residential certificates 72,527 8,969 34,553 7,090 107,080 16,059 Non-GSE commercial certificates 62,243 4,842 35,239 5,962 97,482 10,804 Other debt: U.S. Treasury 192 7 — — 192 7 ABS 530,269 17,290 299,425 22,327 829,694 39,617 Trust preferred — — 10,143 845 10,143 845 Corporate 89,054 9,772 43,316 7,694 132,370 17,466 Total available for sale $ 1,139,172 $ 61,546 $ 634,422 $ 70,379 $ 1,773,594 $ 131,925 Less Than Twelve Months Twelve Months or Longer Total Fair Value Unrecognized Fair Value Unrecognized Fair Value Unrecognized Held-to-maturity: Mortgage-related: GSE CMOs $ 54,475 $ 2,891 $ 10,862 $ 1,163 $ 65,337 $ 4,054 GSE commercial certificates 48,934 3,404 30,215 7,782 79,149 11,186 GSE residential certificates 411 17 — — 411 17 Non GSE commercial certificates 11,192 656 18,283 2,492 29,475 3,148 Non GSE residential certificates 39,426 4,784 5,797 461 45,223 5,245 Other debt: ABS 224,279 11,078 49,228 4,097 273,507 — 15,175 Commercial PACE 228,642 26,782 — — 228,642 26,782 Residential PACE 611,620 44,833 — — 611,620 44,833 Municipal 48,190 5,866 31,296 10,133 79,486 15,999 Total held-to-maturity $ 1,267,169 $ 100,311 $ 145,681 $ 26,128 $ 1,412,850 $ 126,439 Available for sale securities As discussed in Note 1, upon adoption of the CECL standard, no allowance for credit losses was recorded on available for sale securities. During the period ended March 31, 2023, a Corporate bond related to Silicon Valley Bank ("SIVB") was placed on nonaccrual status following credit concerns over the issuer. As a result, Management charged-off the $1.2 million unrealized loss position given Management's intent to sell the Corporate bond and unlikely recovery of the unrealized position, resulting in a provision for credit losses of $1.2 million. As of March 31, 2023, with the exception of the SIVB bond discussed above, none of the Company’s available-for-sale debt securities were in an unrealized loss position due to credit and therefore no allowance for credit losses on available-for-sale debt securities was required. The temporary impairment of fixed income securities is primarily attributable to changes in overall market interest rates and/or changes in credit/liquidity spreads since the investments were acquired. In general, as market interest rates rise and/or credit/liquidity 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. With respect to the Company’s security investments that are temporarily impaired as of March 31, 2023, management does not intend to sell these investments and does not believe it will be necessary to do so before anticipated recovery. If either criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through income. The Company expects to collect all amounts due according to the contractual terms of these investments. Therefore, the Company does not hold an allowance for credit losses for available for sale securities at March 31, 2023. Held-to-maturity securities Management conducts an evaluation of expected credit losses on held-to-maturity securities on a collective basis by security type. Management monitors the credit quality of debt securities held-to-maturity through reasonable and supportable forecasts, reviews of credit trends on underlying assets, credit ratings, and other factors. Holdings of securities issued by GSEs with unrealized losses are either explicitly or implicitly guaranteed by the U.S. government, and are highly rated by major rating agencies and have a long history of no credit losses. With the exception of PACE securities, which are generally not rated, these securities were rated investment grade by at least one nationally recognized statistical rating organization 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 PACE bonds sector given the low loan-to-value position and the superior lien position on the property. Management considers that the temporary impairment of these investments as of March 31, 2023 is primarily due to an increase in interest rates and spreads since the time these investments were acquired. Accrued interest receivable on securities totaling $22.4 million and $23.2 million at March 31, 2023 and December 31, 2022, respectively, was included in other assets in the consolidated balance sheet and excluded from the amortized cost and estimated fair value totals in the table above. The following table presents the activity in the allowance for credit losses for securities held-to-maturity for the three months ended March 31, 2023: (In thousands) Non-GSE commercial certificates Commercial PACE Residential PACE Total Allowance for credit losses: Beginning balance $ — $ — $ — — Adoption of ASU No. 2016-13 85 255 328 668 Provision for (recovery of) credit losses (1) 7 39 45 Charge-offs (26) — — (26) Recoveries — — — — Ending balance $ 58 $ 262 $ 367 $ 687

LOANS RECEIVABLE, NET

LOANS RECEIVABLE, NET	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
LOANS RECEIVABLE, NET	LOANS RECEIVABLE, NET With the adoption of ASU 2016-13 on January 1, 2023, all loan balances in this footnote for the period ended March 31, 2023 are presented at amortized cost, net of deferred loan origination costs. Loan balances for the period ended December 31, 2022 are presented at unpaid principal balance net of partial charge-offs. Loans receivable are summarized as follows: March 31, December 31, (In thousands) Commercial and industrial $ 923,853 $ 925,641 Multifamily 1,062,826 967,521 Commercial real estate 327,477 335,133 Construction and land development 37,828 37,696 Total commercial portfolio 2,351,984 2,265,991 Residential real estate lending 1,390,135 1,371,779 Consumer solar 410,725 416,849 Consumer and other 45,326 47,150 Total retail portfolio 1,846,186 1,835,778 Total loans receivable 4,198,170 4,101,769 Net deferred loan origination costs — 4,233 Total loans receivable, net of deferred loan origination costs (fees) 4,198,170 4,106,002 Allowance for credit losses (67,323) (45,031) Total loans receivable, net $ 4,130,847 $ 4,060,971 The following table presents information regarding the past due status of the Company’s loans as of March 31, 2023: 30-89 Days Non- 90 Days or Total Past Current Total Loans (In thousands) Commercial and industrial $ 18,440 $ 9,521 $ — $ 27,961 $ 895,892 $ 923,853 Multifamily 7,703 2,710 — 10,413 1,052,413 1,062,826 Commercial real estate 609 4,745 1,299 6,653 320,824 327,477 Construction and land development 552 8,803 — 9,355 28,473 37,828 Total commercial portfolio 27,304 25,779 1,299 54,382 2,297,602 2,351,984 Residential real estate lending 12,957 2,016 — 14,973 1,375,162 1,390,135 Consumer solar 5,209 2,021 — 7,230 403,495 410,725 Consumer and other 1,180 140 — 1,320 44,006 45,326 Total retail portfolio 19,346 4,177 — 23,523 1,822,663 1,846,186 $ 46,650 $ 29,956 $ 1,299 $ 77,905 $ 4,120,265 $ 4,198,170 At March 31, 2023, the Company had two loans with a total balance of $1.3 million that were 90 days or more delinquent and still accruing interest. These loans were in the process of refinancing at period end. The following table presents information regarding the past due status of the Company’s loans as of December 31, 2022: 30-89 Days Past Due Non- Accrual 90 Days or More Delinquent and Still Accruing Interest Total Past Due Current Total Loans Receivable (In thousands) Commercial and industrial $ 27 $ 9,629 $ — $ 9,656 $ 915,985 $ 925,641 Multifamily — 3,828 — 3,828 963,693 967,521 Commercial real estate 11,718 4,851 — 16,569 318,564 335,133 Construction and land development 16,426 — — 16,426 21,270 37,696 Total commercial portfolio 28,171 18,308 — 46,479 2,219,512 2,265,991 Residential real estate lending 1,185 1,807 — 2,992 1,368,787 1,371,779 Consumer solar 3,320 1,584 — 4,904 411,945 416,849 Consumer and other 225 — — 225 46,925 47,150 Total retail portfolio 4,730 3,391 — 8,121 1,827,657 1,835,778 $ 32,901 $ 21,699 $ — $ 54,600 $ 4,047,169 $ 4,101,769 The following table presents information regarding loan modifications granted to borrowers experiencing financial difficulty during the three months ended March 31, 2023: Term Extension Three Months Ended March 31, 2023 (Dollars in thousands) Amortized Cost % of Portfolio Commercial and industrial $ 626 0.1 % Commercial real estate 866 0.3 % Construction and land development 6,887 18.2 % The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty: Term Extension Three Months Ended March 31, 2023 Commercial and industrial Modification added a weighted average 1.0 years to the life of the modified loan. Commercial real estate Modification added a weighted average 0.5 years to the life of the modified loan. Construction and land development Modifications added a weighted average 0.8 years to the life of the modified loans. Four loans were permanently modified in the three months ended March 31, 2023, and no loans that were modified had a payment default during the three months ended March 31, 2023 In order to manage credit quality, we view the Company’s loan portfolio by various segments. For commercial loans, we assign individual credit ratings ranging from 1 (lowest risk) to 10 (highest risk) as an indicator of credit quality. These ratings are based on specific risk factors including (i) historical and projected financial results of the borrower, (ii) market conditions of the borrower’s industry that may affect the borrower’s future financial performance, (iii) business experience of the borrower’s management, (iv) nature of the underlying collateral, if any, including the ability of the collateral to generate sources of repayment, and (v) history of the borrower’s payment performance. These specific risk factors are then utilized as inputs in our credit model to determine the associated allowance for credit loss. Non-rated loans generally include residential mortgages and consumer loans. The below 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 tables summarize the Company’s loan portfolio by credit quality indicator as of March 31, 2023: (In thousands) 2023 2022 2021 2020 2019 & Prior Revolving loans Revolving Loans Converted to Term Total Commercial and Industrial: Pass $ 8,078 $ 194,890 $ 214,012 $ 95,418 $ 152,107 $ 223,578 $ — $ 888,083 Special Mention — — — 4,373 6,866 — — 11,239 Substandard — — — 5,474 15,117 2,214 — 22,805 Doubtful — — — — 1,726 — — 1,726 Total commercial and industrial $ 8,078 $ 194,890 $ 214,012 $ 105,265 $ 175,816 $ 225,792 $ — $ 923,853 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Multifamily: Pass $ 100,019 $ 384,039 $ 46,554 $ 139,404 $ 373,701 $ 3 $ — $ 1,043,720 Special Mention — — — — 14,075 — — 14,075 Substandard — — — — 5,031 — — 5,031 Doubtful — — — — — — — — Total multifamily $ 100,019 $ 384,039 $ 46,554 $ 139,404 $ 392,807 $ 3 $ — $ 1,062,826 Current period gross charge-offs $ — $ — $ — $ — $ 1,127 $ — $ — $ 1,127 Commercial real estate: — Pass $ 1,405 $ 33,013 $ 49,462 $ 36,579 $ 169,537 $ 2,701 $ — $ 292,697 Special Mention — — — — 30,035 — — 30,035 Substandard — — — 866 3,879 — — 4,745 Doubtful — — — — — — — — Total commercial real estate $ 1,405 $ 33,013 $ 49,462 $ 37,445 $ 203,451 $ 2,701 $ — $ 327,477 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Construction and land development: Pass $ — $ 13,292 $ — $ — $ 8,123 $ — $ — $ 21,415 Special Mention — — — — — — — — Substandard — — — — — 16,413 — 16,413 Doubtful — — — — — — — — Total construction and land development $ — $ 13,292 $ — $ — $ 8,123 $ 16,413 $ — $ 37,828 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential real estate lending: Pass $ 30,490 $ 424,795 $ 349,540 $ 141,657 $ 440,298 $ 2,443 $ — $ 1,389,223 Special Mention — — — — — — — — Substandard — — — 294 618 — — 912 Doubtful — — — — — — — — Total residential real estate lending $ 30,490 $ 424,795 $ 349,540 $ 141,951 $ 440,916 $ 2,443 $ — $ 1,390,135 Current period gross charge-offs $ — $ — $ — $ — $ 57 $ 1 $ — $ 58 Consumer solar: Pass $ — $ 5,642 $ 74,386 $ 68,549 $ 260,564 $ — $ — $ 409,141 Special Mention — — — — — — — — Substandard — — 31 268 1,285 — — 1,584 Doubtful — — — — — — — — Total consumer solar $ — $ 5,642 $ 74,417 $ 68,817 $ 261,849 $ — $ — $ 410,725 Current period gross charge-offs $ — $ — $ 393 $ 225 $ 1,189 $ — $ — $ 1,807 Consumer and other: Pass $ — $ — $ 31,006 $ — $ 14,181 $ — $ — $ 45,187 Special Mention — — — — — — — — Substandard — — — — 139 — — 139 Doubtful — — — — — — — — Total consumer and other $ — $ — $ 31,006 $ — $ 14,320 $ — $ — $ 45,326 Current period gross charge-offs $ — $ — $ — $ — $ 18 $ — $ — $ 18 Total Loans: Pass $ 139,992 $ 1,055,671 $ 764,960 $ 481,607 $ 1,418,511 $ 228,725 $ — $ 4,089,466 Special Mention — — — 4,373 50,976 — — 55,349 Substandard — — 31 6,902 26,069 18,627 — 51,629 Doubtful — — — — 1,726 — — 1,726 Total loans $ 139,992 $ 1,055,671 $ 764,991 $ 492,882 $ 1,497,282 $ 247,352 $ — $ 4,198,170 Current period gross charge-offs $ — $ — $ 393 $ 225 $ 2,391 $ 1 $ — $ 3,010 The following tables summarize the Company’s loan portfolio by credit quality indicator as of December 31, 2022: (In thousands) Pass Special Mention Substandard Doubtful Total Commercial and industrial $ 893,637 $ 6,983 $ 23,275 $ 1,746 $ 925,641 Multifamily 947,661 13,696 6,164 — 967,521 Commercial real estate 299,953 24,679 10,501 — 335,133 Construction and land development 21,270 14,002 2,424 — 37,696 Residential real estate lending 1,369,972 — 1,807 — 1,371,779 Consumer and other 462,415 — 1,584 — 463,999 Total loans $ 3,994,908 $ 59,360 $ 45,755 $ 1,746 $ 4,101,769 The activities in the allowance by portfolio for the three months ended March 31, 2023 are as follows: (In thousands) Commercial and Industrial Multifamily Commercial Real Estate Construction and Land Development Residential Real Estate Lending Consumer Solar Consumer and Other Total Allowance for credit losses: Beginning balance - ALLL $ 12,916 $ 7,104 $ 3,627 $ 825 $ 11,338 $ 6,867 $ 2,354 $ 45,031 Adoption of ASU No. 2016-13 3,816 (1,183) (1,321) (466) 3,068 16,166 1,149 21,229 Beginning balance - ACL 16,732 5,921 2,306 359 14,406 23,033 3,503 66,260 Provision for (recovery of) credit losses (263) 2,236 149 (5) 263 1,325 (93) 3,612 Charge-offs — (1,127) — — (58) (1,807) (18) (3,010) Recoveries 4 — — — 238 211 8 461 Ending Balance - ACL $ 16,473 $ 7,030 $ 2,455 $ 354 $ 14,849 $ 22,762 $ 3,400 $ 67,323 The amortized cost basis of loans on nonaccrual status and the related allowance as of March 31, 2023 are as follows: Nonaccrual with No Allowance Nonaccrual with Allowance Reserve (In thousands) Commercial and industrial $ 674 $ 8,847 $ 5,079 Multifamily 334 2,376 524 Commercial real estate 4,745 — — Construction and land development 8,803 — — Total commercial portfolio 14,556 11,223 5,603 Residential real estate lending 2,016 — — Consumer solar 2,021 — — Consumer and other 140 — — Total retail portfolio 4,177 — — $ 18,733 $ 11,223 $ 5,603 The below table summarizes collateral dependent loans which were individually evaluated to determine expected credit losses as of March 31, 2023: Real Estate Collateral Dependent Associated Allowance for Credit Losses (In thousands) Multifamily $ 2,710 $ 524 Commercial real estate 4,745 — Construction and land development 13,989 — $ 21,444 $ 524 The activities in the allowance by portfolio for the three months ended March 31, 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 1,511 (112) (433) 248 (284) 1,363 2,293 Charge-offs — (416) — — (39) (868) (1,323) Recoveries 6 — — 1 651 48 706 Ending Balance $ 12,169 $ 4,232 $ 6,840 $ 654 $ 9,336 $ 4,311 $ 37,542 As of March 31, 2023 and December 31, 2022, mortgage loans with an unpaid principal balance of $993.3 million and $819.4 million, respectively, were pledged to the FHLBNY to secure outstanding advances and letters of credit. There were $1.6 million in related party loans outstanding as of March 31, 2023 compared to $1.6 million related party loans as of December 31, 2022. Impaired Loans (prior to the adoption of ASU 2016-13) The following table provides information regarding the methods used to evaluate the Company’s loans for impairment by portfolio prior to the adoption of ASU 2016-13, and the Company’s allowance by portfolio based upon the method of evaluating loan impairment as of as of December 31, 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 $ 14,716 $ 3,828 $ 4,851 $ 2,424 $ 1,982 $ — $ 27,801 Collectively evaluated for impairment 910,925 963,693 330,282 35,272 1,369,797 463,999 4,073,968 Total loans $ 925,641 $ 967,521 $ 335,133 $ 37,696 $ 1,371,779 $ 463,999 $ 4,101,769 Allowance for loan losses: Individually evaluated for impairment $ 5,433 $ 180 $ — $ — $ 55 $ — $ 5,668 Collectively evaluated for impairment 7,483 6,924 3,627 825 11,283 9,221 39,363 Total allowance for loan losses $ 12,916 $ 7,104 $ 3,627 $ 825 $ 11,338 $ 9,221 $ 45,031 The following is additional information regarding the Company's impaired loans and the allowance related to such loans prior to the adoption of ASU 2016-13, as of and for the year ended December 31, 2022. December 31, 2022 (In thousands) Recorded Investment Average Recorded Investment Unpaid Principal Balance Related Allowance Loans without a related allowance: Residential real estate lending $ 764 $ 5,636 $ 1,761 $ — Multifamily 334 167 334 — Construction and land development 2,424 4,950 7,476 — Commercial real estate 4,851 4,453 5,023 — Commercial and industrial 3,791 1,896 3,881 — 12,164 17,102 18,475 — Loans with a related allowance: Residential real estate lending 1,218 8,352 1,278 55 Multifamily 3,494 3,201 3,494 180 Commercial and industrial 10,925 11,855 11,975 5,433 15,637 23,408 16,747 5,668 Total individually impaired loans: Residential real estate lending 1,982 13,988 3,039 55 Multifamily 3,828 3,368 3,828 180 Construction and land development 2,424 4,950 7,476 — Commercial real estate 4,851 4,453 5,023 — Commercial and industrial 14,716 13,751 15,856 5,433 $ 27,801 $ 40,510 $ 35,222 $ 5,668

DEPOSITS

DEPOSITS	3 Months Ended
	Mar. 31, 2023
Statistical Disclosure for Banks [Abstract]
DEPOSITS	DEPOSITS Deposits are summarized as follows: March 31, 2023 December 31, 2022 Amount Weighted Average Rate Amount Weighted Average Rate (In thousands) Non-interest-bearing demand deposit accounts $ 3,015,558 0.00 % $ 3,331,067 0.00 % NOW accounts 199,518 0.87 % 206,434 0.73 % Money market deposit accounts 2,702,464 1.32 % 2,445,396 0.94 % Savings accounts 371,240 0.95 % 386,190 0.75 % Time deposits 157,697 1.25 % 151,699 2.57 % Brokered CDs 594,884 4.52 % 74,251 3.84 % $ 7,041,361 0.99 % $ 6,595,037 0.52 % The scheduled maturities of time deposits and brokered CDs as of March 31, 2023 are as follows: (In thousands) Balance 2023 $ 675,298 2024 33,282 2025 9,713 2026 8,497 2027 7,681 Thereafter 18,110 $ 752,581 Time deposits of $250,000 or more totaled $31.0 million as of March 31, 2023 and $36.2 million as of December 31, 2022. The Bank offers 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 $42.3 million and $28.3 million as of March 31, 2023 and December 31, 2022, respectively, and are included in Time deposits above. Our total deposits included deposits from Workers United and its related entities, a related party, in the amounts of $74.8 million as of March 31, 2023 and $52.2 million as of December 31, 2022. Included in total deposits are state and municipal deposits totaling $38.9 million and $88.3 million as of March 31, 2023 and December 31, 2022, respectively. Such deposits are secured by letters of credit issued by the FHLBNY or by securities pledged with the FHLBNY.

BORROWED FUNDS

BORROWED FUNDS	3 Months Ended
	Mar. 31, 2023
Advance from Federal Home Loan Bank [Abstract]
BORROWED FUNDS	BORROWED FUNDS FHLBNY advances are collateralized by the FHLBNY 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 March 31, 2023, the value of the other eligible assets had an estimated market value net of haircut totaling $1.33 billion (comprised of securities of $581.2 million and mortgage loans of $746.0 million). The fair value of assets pledged to the FHLBNY is required to exceed outstanding advances. There were no outstanding FHLB advances as of March 31, 2023 and $580.0 million in outstanding FHLBNY advances as of December 31, 2022. For the three months ended March 31, 2023, and 2022, interest expense on FHLBNY advances was $3.0 million and zero, respectively. In addition to FHLBNY advances, the Company uses other borrowings for short-term borrowing needs. Federal funds lines of credit are extended to the Company by nonaffiliated banks with which a correspondent banking relationship exists. At March 31, 2023, and December 31, 2022 there was no outstanding balance related to federal funds purchased. In addition, following the failures of SIVB and Signature Bank in March 2023, the Federal Reserve created a new Bank Term Funding Program ("BTFP") as an additional source of liquidity against high-quality securities, offering loans of up to one year to eligible institutions pledging qualifying assets as collateral. At March 31, 2023, there was an outstanding balance of $140.0 million related to the BTFP, and no outstanding balance at December 31, 2022. For the three months ended March 31, 2023, and 2022, interest expense on other borrowings was $0.2 million and zero, respectively.

SUBORDINATED DEBT

SUBORDINATED DEBT	3 Months Ended
	Mar. 31, 2023
Federal Home Loan Banks [Abstract]
SUBORDINATED DEBT	SUBORDINATED DEBT 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. Interest expense on subordinated debt for the three months ended March 31, 2023 and 2022 was $0.6 million and $0.7 million, respectively. Gains on repurchases of subordinated debt for the three months ended March 31, 2023 and 2022 were $0.8 million and zero, respectively, and are recorded in Non-interest income - other on the consolidated statements of income. On July 26, 2022, September 29, 2022, and March 17, 2023 the Company repurchased $3.25 million, $3.0 million, $4.0 million, respectively, of the subordinated notes due on November 15, 2031.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 and March 31, 2022, we had 50 thousand and 44 thousand anti-dilutive shares, respectively. Following is a table setting forth the factors used in the earnings per share computation follow: Three Months 2023 2022 (In thousands, except per share amounts) Net income attributable to Amalgamated Financial Corp. $ 21,338 $ 14,165 Dividends paid on preferred stock — — Income attributable to common stock $ 21,338 $ 14,165 Weighted average common shares outstanding, basic 30,706 31,107 Basic earnings per common share $ 0.69 $ 0.46 Income attributable to common stock $ 21,338 $ 14,165 Weighted average common shares outstanding, basic 30,706 31,107 Incremental shares from assumed conversion of options and RSUs 233 349 Weighted average common shares outstanding, diluted 30,939 31,456 Diluted earnings per common share $ 0.69 $ 0.45

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	3 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [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 December 31, 2020, 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 March 31, 2023 follows: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Intrinsic Value (in thousands) Outstanding, December 31, 2022 426,880 $ 13.09 3.3 years Granted — — — Forfeited/ Expired — — — Exercised (29,320) 14.56 — Outstanding, March 31, 2023 397,560 12.99 3.0 years $ 1,870 Vested and Exercisable, March 31, 2023 397,560 $ 12.99 3.0 years $ 1,870 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 three months ended March 31, 2023 or for the three months ended March 31, 2022 as all options had been fully expensed as of December 31, 2020. The fair value of all awards outstanding as of March 31, 2023 and December 31, 2022 was $1.9 million and $4.2 million, respectively. No cash was received for options exercised in the three months ended March 31, 2023 or for the three months ended March 31, 2022. The Company repurchased 3,999 shares and 4,019 shares for options exercised in the three months ended March 31, 2023 and March 31, 2022, respectively. Restricted Stock Units: The Amalgamated Financial Corp. 2021 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 271,214 shares were available for issuance as of March 31, 2023. Restricted stock units ("RSUs") represent an obligation to deliver shares to an employee or director at a future date if certain vesting conditions are met. RSUs are subject to a time-based vesting schedule, the satisfaction of performance conditions, or the satisfaction of market conditions, and are settled in shares of the Company’s common stock. RSUs do not provide dividend equivalent rights from the date of grant and do not provide voting rights. RSUs accrue dividends based on dividends paid on common shares, but those dividends are paid in cash upon satisfaction of the specified vesting requirements on the underlying RSU. A summary of the status of the Company’s time-based vesting RSUs as of March 31, 2023 follows: Shares Grant Date Fair Value Unvested, December 31, 2022 331,023 $ 17.72 Awarded 96,443 23.43 Forfeited/Expired (5,812) 15.06 Vested (40,144) 16.46 Unvested, March 31, 2023 381,510 $ 19.33 A summary of the status of the Company’s performance-based vesting RSUs as of March 31, 2023 follows: Shares Grant Date Fair Value Unvested, December 31, 2022 96,970 $ 16.37 Awarded 62,945 19.54 Forfeited/Expired (6,013) 15.08 Vested (23,948) 14.82 Unvested, March 31, 2023 129,954 $ 16.37 During the three months ended March 31, 2023, the Company granted 29,923 performance-based RSUs at a fair value of $23.42 per share, respectively which vest subject to the achievement of the Company’s corporate goal for the three-year period from January 1, 2023 to December 31, 2025. 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 44,885 shares, respectively. During the three months ended March 31, 2023, the Company granted 29,747 market-based RSUs at a fair value of $23.56 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 15, 2023 to February 14, 2026. The minimum and maximum awards that are achievable are 0 and 44,621 shares, respectively. During the three months ended March 31, 2023, the Company granted 619 and 2,656 shares at a fair value of $14.45 and $15.23 per share, respectively, related to the vesting of performance-based RSUs to satisfy the achievement of corporate goals above target. As of March 31, 2023, the Company reserved 194,931 shares for issuance upon vesting of performance-based RSUs assuming the Company’s employees achieve the maximum share payout. The Company repurchased 21,738 shares and 14,505 shares for RSUs vested in the three months ended March 31, 2023 and 2022, respectively. Of the 511,464 unvested RSUs and PSUs on March 31, 2023, the minimum units that will vest, solely due to a service test, are 381,510. The maximum units that will vest, assuming the highest payout on performance and market-based units, are 576,441. Compensation expense attributable to RSUs and PSUs was $0.9 million for the three months ended March 31, 2023, and $0.5 million for the three months ended March 31, 2022, and other expenses for directors were $0.1 million and $0.1 million, respectively. As of March 31, 2023, there was $7.7 million of total unrecognized compensation cost related to the non-vested RSUs and PSUs granted. 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 3.4 years. 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. The below following summarizes the shares purchased under the ESPP since the inception of the plan: Number of Shares Shares available for purchase at December 31, 2022 478,081 Purchases during the three months ended: March 31, 2023 (21,919) Remaining shares available for purchase at March 31, 2023 456,162 The expense related to the discount on purchased shares for the three months ended March 31, 2023 and March 31, 2022 was $58.1 thousand and $7.8 thousand, respectively, and is recorded within compensation and employee benefits expense on the Consolidated Statements of Income.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2023
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. Assets Measured at Fair Value on a Recurring Basis Available for sale securities The Company’s available for sale securities are reported at fair value. Investments in fixed income securities are generally valued based on evaluations provided by an independent pricing service. These evaluations represent an exit price or their opinion as to what a buyer would pay for a security, typically in an institutional round lot position, in a current sale. The pricing service utilizes evaluated pricing techniques that vary by asset class and incorporate available market information and, because many fixed income securities do not trade on a daily basis, applies available information through processes such as benchmark curves, benchmarking of available securities, sector groupings and matrix pricing. Model processes, such as option adjusted spread models, are used to value securities that have prepayment features. In those limited cases where pricing service evaluations are not available for a fixed income security, management will typically value those instruments using observable market inputs in a discounted cash flow analysis. The following summarizes those financial instruments measured at fair value on a recurring basis in the Consolidated Statements of Financial Condition as of the dates indicated, categorized by the relevant class of investment and level of the fair value hierarchy: March 31, 2023 (In thousands) Level 1 Level 2 Level 3 Total Available for sale securities: Mortgage-related: GSE residential CMOs $ — $ 383,394 $ — $ 383,394 GSE commercial certificates & CMOs — 167,840 — 167,840 Non-GSE residential certificates — 105,549 — 105,549 Non-GSE commercial certificates — 97,266 — 97,266 Other debt: U.S. Treasury 193 — — 193 ABS — 756,184 — 756,184 Trust preferred — 10,078 — 10,078 Corporate — 118,601 — 118,601 Total assets carried at fair value $ 193 $ 1,638,912 $ — $ 1,639,105 December 31, 2022 (In thousands) Level 1 Level 2 Level 3 Total Available for sale securities: Mortgage-related: GSE residential CMOs $ — $ 389,260 $ — $ 389,260 GSE commercial certificates & CMOs — 213,786 — 213,786 Non-GSE residential certificates — 107,080 — 107,080 Non-GSE commercial certificates — 97,482 — 97,482 Other Debt: U.S. Treasury 192 — — 192 ABS — 862,163 — 862,163 Trust preferred — 10,143 — 10,143 Corporate — 132,370 — 132,370 Total assets carried at fair value $ 192 $ 1,812,284 $ — $ 1,812,476 Assets Measured at Fair Value on a Non-recurring Basis Certain financial assets and financial liabilities are measured at fair value on a non-recurring basis. That is, they are subject to fair value adjustments in certain circumstances. Financial assets measured at fair value on a non-recurring basis include certain individually evaluated loans (or impaired loans prior to the adoption of ASU 2016-13) reported at the fair value of the underlying collateral if repayment is expected solely from the collateral. The following tables summarize assets measured at fair value on a non-recurring basis in the Consolidated Statements of Financial Condition as of the dates indicated, categorized by the relevant class of investment and level of the fair value hierarchy: March 31, 2023 (In thousands) Carrying Value Level 1 Level 2 Level 3 Estimated Fair Value Fair Value Measurements: Individually analyzed loans $ 1,852 $ — $ — $ 1,852 $ 1,852 $ 1,852 $ — $ — $ 1,852 $ 1,852 December 31, 2022 (In thousands) Carrying Value Level 1 Level 2 Level 3 Estimated Fair Value Fair Value Measurements: Impaired loans $ 3,315 $ — $ — $ 3,315 $ 3,315 $ 3,315 $ — $ — $ 3,315 $ 3,315 Financial Instruments Not Measured at Fair Value For those financial instruments that are not recorded at fair value in the consolidated statements of financial condition, but are measured at fair value for disclosure purposes, management follows the same fair value measurement principles and guidance as for instruments recorded at fair value. For a description of the methods, factors and significant assumptions utilized in estimating the fair values for significant categories of financial instruments not measured at fair value, refer to footnote 14, Fair Value of Financial Instruments , included in the Annual Report on Form 10-K for the year ended December 31, 2022. An additional category of financial instrument not measured at fair value that was not previously included in the Annual Report on Form 10-K is summarized below: • Other borrowings - Other borrowings are valued using a present value technique that incorporates current rates offered on borrowings of comparable remaining maturity. Other borrowings are categorized as Level 2. There are significant limitations in estimating the fair value of financial instruments for which an active market does not exist. Due to the degree of management judgment that is often required, such estimates tend to be subjective, sensitive to changes in assumptions and imprecise. Such estimates are made as of a point in time and are impacted by then-current observable market conditions; also such estimates do not give consideration to transaction costs or tax effects if estimated unrealized gains or losses were to become realized in the future. Because of inherent uncertainties of valuation, the estimated fair value may differ significantly from the value that would have been used had a ready market for the investment existed and the difference could be material. Lastly, consideration is not given to nonfinancial instruments, including various intangible assets, which could represent substantial value. Fair value estimates are not necessarily representative of the Company’s total enterprise value. The following table summarizes the financial statement basis and estimated fair values for significant categories of financial instruments: March 31, 2023 (In thousands) Carrying Value Level 1 Level 2 Level 3 Estimated Fair Value Financial assets: Cash and cash equivalents $ 130,897 $ 130,897 $ — $ — $ 130,897 Held-to-maturity securities 1,618,507 — 575,904 913,251 1,489,155 Loans held for sale 5,653 — — 5,653 5,653 Loans receivable, net 4,130,847 — — 3,743,621 3,743,621 Resell agreements 15,431 — — 15,431 15,431 Accrued interest and dividends receivable 40,844 138 12,679 28,027 40,844 Financial liabilities: Deposits payable on demand 6,288,780 — 6,288,780 — 6,288,780 Time deposits and brokered CDs 752,581 — 750,820 — 750,820 Other borrowings 140,000 — 139,420 — 139,420 Subordinated debt 73,737 — 59,358 — 59,358 Accrued interest payable 3,365 — 3,365 — 3,365 December 31, 2022 (In thousands) Carrying Value Level 1 Level 2 Level 3 Estimated Fair Value Financial assets: Cash and cash equivalents $ 63,540 $ 63,540 $ — $ — $ 63,540 Held-to-maturity securities 1,541,301 — 574,609 840,262 1,414,871 Loans held for sale 7,943 — 7,943 7,943 Loans receivable, net 4,060,971 — — 3,718,308 3,718,308 Resell agreements 25,754 — — 25,754 25,754 Accrued interest and dividends receivable 41,441 17 12,197 29,227 41,441 Financial liabilities: Deposits payable on demand 6,369,087 — 6,369,087 — 6,369,087 Time deposits and brokered CDs 225,950 — 225,805 — 225,805 FHLBNY advances 580,000 — 580,000 — 580,000 Subordinated debt 77,708 — 68,966 — 68,966 Accrued interest payable 1,218 — 1,218 — 1,218

COMMITMENTS, CONTINGENCIES AND

COMMITMENTS, CONTINGENCIES AND OFF BALANCE SHEET RISK	3 Months Ended
	Mar. 31, 2023
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: March 31, 2023 December 31, 2022 (In thousands) Commitments to extend credit $ 585,692 $ 723,902 Standby letters of credit 29,125 29,568 Total $ 614,817 $ 753,470 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 allowance, which is included in other liabilities, amounted to approximately $4.3 million as of March 31, 2023, compared to a reserve of $1.6 million as of December 31, 2022. The provision for credit losses related to off balance sheet credit commitments was $0.1 million for the three months ended March 31, 2023, and the expense related to off balance sheet credit commitments in other non-interest expense was $0.3 million for the three months ended March 31, 2022. I nvestment Obligations The Company is a party to agreements with Pace Funding Group LLC, which operates Home Run Financing, for the purchase of PACE assessment securities until September 2023. As of March 31, 2023, the Company had purchased $519.7 million of these obligations and had an estimated remaining commitment of $112.0 million. As of December 31, 2022, we had purchased $451.7 million of PACE assessment securities from Pace Funding Group LLC and had a remaining commitment of $150.0 million. The PACE assessments have equal-lien priority with property taxes and generally rank senior to first lien mortgages. These investments are currently held in the Company's held-to-maturity investment portfolio. The Company evaluates these obligations for credit risk and the recorded reserve is immaterial. 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. As part of the Company's ongoing investments in VIE projects, we also have commitments to provide financing, which are included in footnote 14.

LEASES

LEASES	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023. 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 Three Months Ended (In thousands) Operating lease cost $ 1,777 $ 2,251 Cash paid for amounts included in the measurement of Operating leases liability $ 2,813 $ 2,630 Weighted average remaining lease term on operating leases (in years) 3.6 4.6 Weighted average discount rate used for operating leases liability 3.24 % 3.25 % 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 March 31, 2023: (In thousands) As of March 31, 2023 2023 $ 8,480 2024 11,324 2025 10,593 2026 9,200 2027 959 Thereafter — Total undiscounted operating lease payments 40,556 Less: present value adjustment 2,223 Total Operating leases liability $ 38,333

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 and December 31, 2022, 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) Total 2023 $ 666 2024 730 2025 574 2026 419 2027 265 Thereafter 229 Total $ 2,883 Accumulated amortization of the core deposit intangible was $5.1 million as of March 31, 2023. Amortization expense recognized on the core deposit intangible was $0.2 million and $0.3 million for the three months ended March 31, 2023 and March 31, 2022, respectively.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023, the Company's maximum exposure to loss is $63.9 million. March 31, 2023 December 31, 2022 (In thousands) Unconsolidated Variable Interest Entities Tax credit investments included in equity investments $ 3,164 $ 3,299 Loans and letters of credit commitments 60,727 60,857 Funded portion of loans and letters of credit commitments 47,398 47,683 Remaining equity investment commitments 19,201 19,201 The following table summarizes the tax benefits conveyed by the Company’s solar generation VIE investments: Three Months Ended March 31, 2023 2022 (In thousands) Tax credits and other tax benefits recognized $ 813 $ 668

BASIS OF PRESENTATION AND CON_2

BASIS OF PRESENTATION AND CONSOLIDATION (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Accounting and Changes in Significant Accounting Policies	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 have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. The annualized results of operations for the three months ended March 31, 2023 are not necessarily indicative of the results of operations that may be expected for the entire fiscal year. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). 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. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes appearing in the Annual Report on Form 10-K for the year ended December 31, 2022 (the “2022 Annual Report”). A more detailed description of our accounting policies is included in the 2022 Annual Report, which remain significantly unchanged except for the Allowance for Credit Losses ("ACL") policy, resulting from the adoption of the Accounting Standard Update ("ASU") No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments and its amendments, (“ASU No. 2016-13”) as of January 1, 2023, as well as the addition of accounting policies related to treasury stock: Treasury stock - Treasury stock is carried at cost. Shares sold or granted out of treasury are valued based on the weighted average cost.
Recent Accounting Pronouncements	Recently Adopted Accounting Standards ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments The Company adopted ASU No. 2016-13 inclusive of subsequent amendments as of January 1, 2023. ASU No. 2016-13 amends guidance on reporting credit losses for assets held on an amortized cost basis and available-for-sale debt securities, as well as off balance sheet credit exposures. For assets held at amortized cost, ASU No. 2016-13 eliminates the probable initial recognition threshold in current GAAP and, instead, requires an entity to reflect its current estimate of all expected credit losses. The amendments in ASU No. 2016-13 replace the incurred loss impairment methodology with a methodology that reflects the measurement of expected credit losses based on relevant information about past events, including historical loss experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amounts. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of financial assets to present the net amount expected to be collected. For available for sale debt securities, credit losses will be presented as an allowance rather than as a write-down. For the Company, the amendments affected loans, debt securities, off-balance sheet credit exposures, and any other financial assets not excluded from the scope that have the contractual right to receive cash.
Reclassifications	Certain reclassifications have been made to prior year amounts to conform to the current year presentation, however such reclassifications did not change stockholders' 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.

BASIS OF PRESENTATION AND CON_3

BASIS OF PRESENTATION AND CONSOLIDATION (Tables)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Accounting Standards Update and Change in Accounting Principle	The below table illustrates the impact of the adoption of ASU 2016-13. January 1, 2023 Gross Adjustment Tax Impact Net Adjustment to Retained Earnings Assets: Allowance for credit losses on held-to-maturity securities $ 668 $ (184) $ 484 Allowance for credit losses on loans 21,229 (5,849) 15,380 Liabilities: Allowance for credit losses on off-balance sheet credit exposures 2,705 (744) 1,961 Total Day 1 Adjustment for Adoption of ASU 2016-13 $ 24,602 $ (6,777) $ 17,825

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Schedule Other Comprehensive Income (Loss)	The following is a summary of the accumulated comprehensive income (loss) balances, net of income taxes: Balance as of Balance as of January 1, Current Income Tax Balance as of March 31, 2023 (In thousands) Unrealized gains (losses) on benefits plans $ (1,652) $ 48 $ (13) $ (1,617) Unrealized gains (losses) on available for sale securities (95,539) 15,185 (4,184) (84,538) Unaccreted unrealized loss on securities transferred to held-to-maturity (11,516) 488 (134) (11,162) Total $ (108,707) $ 15,721 $ (4,331) $ (97,317) Balance as of January 1, 2022 Current Income Tax Balance as of March 31, 2022 (In thousands) Unrealized gains (losses) on benefits plans $ (2,102) $ 59 $ (16) $ (2,059) Unrealized gains (losses) on available for sale securities 7,511 (63,869) 17,571 (38,787) Total $ 5,409 $ (63,810) $ 17,555 $ (40,846)
Schedule of Reclassifications out of Accumulated Other Comprehensive Income (Loss)	Other comprehensive income (loss) components and related income tax effects were as follows: Three Months Ended 2023 2022 (In thousands) Postretirement Benefit Plans Change in obligation for postretirement benefits and for prior service credit $ 40 $ 44 Reclassification adjustment for prior service expense included in compensation and employee benefits 7 7 Change in obligation for other benefits 1 8 Change in total obligation for postretirement benefits and for prior service credit and for other benefits 48 59 Income tax benefit (expense) (13) (16) Net change in total obligation for postretirement benefits and prior service credit and for other benefits 35 43 Securities Unrealized holding gains (losses) on available for sale securities 12,099 (63,704) Reclassification adjustment for losses (gains) realized in gain (loss) on sale of securities 3,086 (162) Reclassification adjustment for gains on OTTI securities recognized in non-interest income - other — (3) Accretion of net unrealized loss on securities transferred to held-to-maturity recognized in interest income from securities 488 — Change in unrealized gains (losses) on available for sale securities 15,673 (63,869) Income tax benefit (expense) (4,318) 17,571 Net change in unrealized gains (losses) on securities 11,355 (46,298) Total $ 11,390 $ (46,255)

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 are as follows: March 31, 2023 (In thousands) Amortized Gross Gross Fair Available for sale: Mortgage-related: Government sponsored entities ("GSE") residential CMOs ("collateralized mortgage obligations") $ 417,326 $ 29 $ (33,961) $ 383,394 GSE commercial certificates & CMOs 174,968 27 (7,155) 167,840 Non-GSE residential certificates 120,591 — (15,042) 105,549 Non-GSE commercial certificates 107,310 — (10,044) 97,266 820,195 56 (66,202) 754,049 Other debt: U.S. Treasury 199 — (6) 193 Asset backed securities ("ABS") 786,515 122 (30,453) 756,184 Trust preferred 10,989 — (911) 10,078 Corporate 137,889 — (19,288) 118,601 935,592 122 (50,658) 885,056 Total available for sale $ 1,755,787 $ 178 $ (116,860) $ 1,639,105 Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value Held-to-maturity: Mortgage-related: GSE residential CMOs $ 68,356 $ — $ (3,497) $ 64,859 GSE commercial certificates 90,114 — (9,235) 80,879 GSE residential certificates 424 — (12) 412 Non-GSE commercial certificates 32,630 — (2,989) 29,641 Non-GSE residential certificates 49,525 — (5,001) 44,524 241,049 — (20,734) 220,315 Other debt: ABS 286,581 — (11,049) 275,532 Commercial PACE 262,398 — (29,652) 232,746 Residential PACE 733,997 — (53,492) 680,505 Municipal 95,169 59 (15,171) 80,057 1,378,145 59 (109,364) 1,268,840 Allowance for credit losses (687) Total held-to-maturity $ 1,618,507 $ 59 $ (130,098) $ 1,489,155 December 31, 2022 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale: Mortgage-related: GSE residential CMOs $ 427,529 $ 24 $ (38,293) $ 389,260 GSE commercial certificates & CMOs 222,620 — (8,834) 213,786 Non-GSE residential certificates 123,139 — (16,059) 107,080 Non-GSE commercial certificates 108,286 — (10,804) 97,482 881,574 24 (73,990) 807,608 Other debt: U.S. Treasury 199 — (7) 192 ABS 901,746 34 (39,617) 862,163 Trust preferred 10,988 — (845) 10,143 Corporate 149,836 — (17,466) 132,370 1,062,769 34 (57,935) 1,004,868 Total available for sale $ 1,944,343 $ 58 $ (131,925) $ 1,812,476 Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value Held-to-maturity: Mortgage-related: GSE residential CMOs $ 69,391 $ — $ (4,054) $ 65,337 GSE commercial certificates 90,335 — (11,186) 79,149 GSE residential certificates 428 — (17) 411 Non-GSE commercial certificates 32,635 9 (3,148) 29,496 Non-GSE residential certificates 50,468 — (5,245) 45,223 243,257 0 9 (23,650) 219,616 Other debt: ABS 288,682 — (15,175) 273,507 Commercial PACE 255,424 — (26,782) 228,642 Residential PACE 656,453 — (44,833) 611,620 Municipal 95,485 — (15,999) 79,486 Other 2,000 — — 2,000 1,298,044 — (102,789) 1,195,255 Total held-to-maturity $ 1,541,301 $ 9 $ (126,439) $ 1,414,871
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 March 31, 2023 are as follows: March 31, 2023 (In thousands) Amortized Gross Gross Fair Available for sale: Mortgage-related: Government sponsored entities ("GSE") residential CMOs ("collateralized mortgage obligations") $ 417,326 $ 29 $ (33,961) $ 383,394 GSE commercial certificates & CMOs 174,968 27 (7,155) 167,840 Non-GSE residential certificates 120,591 — (15,042) 105,549 Non-GSE commercial certificates 107,310 — (10,044) 97,266 820,195 56 (66,202) 754,049 Other debt: U.S. Treasury 199 — (6) 193 Asset backed securities ("ABS") 786,515 122 (30,453) 756,184 Trust preferred 10,989 — (911) 10,078 Corporate 137,889 — (19,288) 118,601 935,592 122 (50,658) 885,056 Total available for sale $ 1,755,787 $ 178 $ (116,860) $ 1,639,105 Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value Held-to-maturity: Mortgage-related: GSE residential CMOs $ 68,356 $ — $ (3,497) $ 64,859 GSE commercial certificates 90,114 — (9,235) 80,879 GSE residential certificates 424 — (12) 412 Non-GSE commercial certificates 32,630 — (2,989) 29,641 Non-GSE residential certificates 49,525 — (5,001) 44,524 241,049 — (20,734) 220,315 Other debt: ABS 286,581 — (11,049) 275,532 Commercial PACE 262,398 — (29,652) 232,746 Residential PACE 733,997 — (53,492) 680,505 Municipal 95,169 59 (15,171) 80,057 1,378,145 59 (109,364) 1,268,840 Allowance for credit losses (687) Total held-to-maturity $ 1,618,507 $ 59 $ (130,098) $ 1,489,155 December 31, 2022 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale: Mortgage-related: GSE residential CMOs $ 427,529 $ 24 $ (38,293) $ 389,260 GSE commercial certificates & CMOs 222,620 — (8,834) 213,786 Non-GSE residential certificates 123,139 — (16,059) 107,080 Non-GSE commercial certificates 108,286 — (10,804) 97,482 881,574 24 (73,990) 807,608 Other debt: U.S. Treasury 199 — (7) 192 ABS 901,746 34 (39,617) 862,163 Trust preferred 10,988 — (845) 10,143 Corporate 149,836 — (17,466) 132,370 1,062,769 34 (57,935) 1,004,868 Total available for sale $ 1,944,343 $ 58 $ (131,925) $ 1,812,476 Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value Held-to-maturity: Mortgage-related: GSE residential CMOs $ 69,391 $ — $ (4,054) $ 65,337 GSE commercial certificates 90,335 — (11,186) 79,149 GSE residential certificates 428 — (17) 411 Non-GSE commercial certificates 32,635 9 (3,148) 29,496 Non-GSE residential certificates 50,468 — (5,245) 45,223 243,257 0 9 (23,650) 219,616 Other debt: ABS 288,682 — (15,175) 273,507 Commercial PACE 255,424 — (26,782) 228,642 Residential PACE 656,453 — (44,833) 611,620 Municipal 95,485 — (15,999) 79,486 Other 2,000 — — 2,000 1,298,044 — (102,789) 1,195,255 Total held-to-maturity $ 1,541,301 $ 9 $ (126,439) $ 1,414,871
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 $ 199 $ 193 $ — $ — Due after one year through five years 67,197 59,366 9,424 9,042 Due after five years through ten years 349,001 332,811 10,557 9,756 Due after ten years 519,195 492,686 1,358,164 1,250,042 $ 935,592 $ 885,056 $ 1,378,145 $ 1,268,840
Schedule of Proceeds Received and Gains (Losses) on Sale of Available for Sale Securities	Three Months Ended, March 31, 2023 March 31, 2022 (In thousands) Proceeds $ 145,305 $ 162 Realized gains $ — $ 162 Realized losses (3,086) — Net realized gains (losses) $ (3,086) $ 162 There were no sales of held-to-maturity securities during the three months ended March 31, 2023 or the three months ended March 31, 2022.
Schedule of Unrealized Losses	The following summarizes the fair value and unrealized losses for those available for sale and unrecognized losses for those held-to-maturity securities as of March 31, 2023 and December 31, 2022, respectively, segregated between securities that have been in an unrealized or unrecognized loss position for less than twelve months and those that have been in a continuous unrealized or unrecognized loss position for twelve months or longer at the respective dates: March 31, 2023 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 $ 114,581 $ 3,870 $ 263,412 $ 30,091 $ 377,993 $ 33,961 GSE commercial certificates & CMOs 57,752 1,225 85,061 5,930 142,813 7,155 Non-GSE residential certificates 9,949 456 95,600 14,586 105,549 15,042 Non-GSE commercial certificates 32,811 1,206 64,455 8,838 97,266 10,044 Other debt: U.S. Treasury — — 193 6 193 6 ABS 72,764 1,720 665,109 28,733 737,873 30,453 Trust preferred — — 10,078 911 10,078 911 Corporate 30,297 3,792 86,504 15,496 116,801 19,288 Total available for sale $ 318,154 $ 12,269 $ 1,270,412 $ 104,591 $ 1,588,566 $ 116,860 Less Than Twelve Months Twelve Months or Longer Total Fair Value Unrecognized Fair Value Unrecognized Fair Value Unrecognized Held-to-maturity: Mortgage-related: GSE CMOs $ 41,924 $ 1,880 $ 22,935 $ 1,617 $ 64,859 $ 3,497 GSE commercial certificates 35,961 1,617 44,918 7,618 80,879 9,235 GSE residential certificates 412 12 — — 412 12 Non GSE commercial certificates — — 29,520 2,989 29,520 2,989 Non GSE residential certificates 7,008 450 37,516 4,551 44,524 5,001 Other debt: ABS 57,468 2,433 218,064 8,616 275,532 11,049 Commercial PACE 232,746 29,652 — — 232,746 29,652 Residential PACE 680,505 53,492 — — 680,505 53,492 Municipal 13,691 703 50,808 14,468 64,499 15,171 Total held-to-maturity $ 1,069,715 $ 90,239 $ 403,761 $ 39,859 $ 1,473,476 $ 130,098 December 31, 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 CMOs $ 231,562 $ 13,937 $ 151,285 $ 24,356 $ 382,847 $ 38,293 GSE commercial certificates & CMOs 153,325 6,729 60,461 2,105 213,786 8,834 Non-GSE residential certificates 72,527 8,969 34,553 7,090 107,080 16,059 Non-GSE commercial certificates 62,243 4,842 35,239 5,962 97,482 10,804 Other debt: U.S. Treasury 192 7 — — 192 7 ABS 530,269 17,290 299,425 22,327 829,694 39,617 Trust preferred — — 10,143 845 10,143 845 Corporate 89,054 9,772 43,316 7,694 132,370 17,466 Total available for sale $ 1,139,172 $ 61,546 $ 634,422 $ 70,379 $ 1,773,594 $ 131,925 Less Than Twelve Months Twelve Months or Longer Total Fair Value Unrecognized Fair Value Unrecognized Fair Value Unrecognized Held-to-maturity: Mortgage-related: GSE CMOs $ 54,475 $ 2,891 $ 10,862 $ 1,163 $ 65,337 $ 4,054 GSE commercial certificates 48,934 3,404 30,215 7,782 79,149 11,186 GSE residential certificates 411 17 — — 411 17 Non GSE commercial certificates 11,192 656 18,283 2,492 29,475 3,148 Non GSE residential certificates 39,426 4,784 5,797 461 45,223 5,245 Other debt: ABS 224,279 11,078 49,228 4,097 273,507 — 15,175 Commercial PACE 228,642 26,782 — — 228,642 26,782 Residential PACE 611,620 44,833 — — 611,620 44,833 Municipal 48,190 5,866 31,296 10,133 79,486 15,999 Total held-to-maturity $ 1,267,169 $ 100,311 $ 145,681 $ 26,128 $ 1,412,850 $ 126,439
Debt Securities, Held-to-Maturity, Allowance for Credit Loss	The following table presents the activity in the allowance for credit losses for securities held-to-maturity for the three months ended March 31, 2023: (In thousands) Non-GSE commercial certificates Commercial PACE Residential PACE Total Allowance for credit losses: Beginning balance $ — $ — $ — — Adoption of ASU No. 2016-13 85 255 328 668 Provision for (recovery of) credit losses (1) 7 39 45 Charge-offs (26) — — (26) Recoveries — — — — Ending balance $ 58 $ 262 $ 367 $ 687

LOANS RECEIVABLE, NET (Tables)

LOANS RECEIVABLE, NET (Tables)	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Schedule of Loans Receivable	Loans receivable are summarized as follows: March 31, December 31, (In thousands) Commercial and industrial $ 923,853 $ 925,641 Multifamily 1,062,826 967,521 Commercial real estate 327,477 335,133 Construction and land development 37,828 37,696 Total commercial portfolio 2,351,984 2,265,991 Residential real estate lending 1,390,135 1,371,779 Consumer solar 410,725 416,849 Consumer and other 45,326 47,150 Total retail portfolio 1,846,186 1,835,778 Total loans receivable 4,198,170 4,101,769 Net deferred loan origination costs — 4,233 Total loans receivable, net of deferred loan origination costs (fees) 4,198,170 4,106,002 Allowance for credit losses (67,323) (45,031) Total loans receivable, net $ 4,130,847 $ 4,060,971
Schedule of Quality of Bank's Loans	The following table presents information regarding the past due status of the Company’s loans as of March 31, 2023: 30-89 Days Non- 90 Days or Total Past Current Total Loans (In thousands) Commercial and industrial $ 18,440 $ 9,521 $ — $ 27,961 $ 895,892 $ 923,853 Multifamily 7,703 2,710 — 10,413 1,052,413 1,062,826 Commercial real estate 609 4,745 1,299 6,653 320,824 327,477 Construction and land development 552 8,803 — 9,355 28,473 37,828 Total commercial portfolio 27,304 25,779 1,299 54,382 2,297,602 2,351,984 Residential real estate lending 12,957 2,016 — 14,973 1,375,162 1,390,135 Consumer solar 5,209 2,021 — 7,230 403,495 410,725 Consumer and other 1,180 140 — 1,320 44,006 45,326 Total retail portfolio 19,346 4,177 — 23,523 1,822,663 1,846,186 $ 46,650 $ 29,956 $ 1,299 $ 77,905 $ 4,120,265 $ 4,198,170 At March 31, 2023, the Company had two loans with a total balance of $1.3 million that were 90 days or more delinquent and still accruing interest. These loans were in the process of refinancing at period end. The following table presents information regarding the past due status of the Company’s loans as of December 31, 2022: 30-89 Days Past Due Non- Accrual 90 Days or More Delinquent and Still Accruing Interest Total Past Due Current Total Loans Receivable (In thousands) Commercial and industrial $ 27 $ 9,629 $ — $ 9,656 $ 915,985 $ 925,641 Multifamily — 3,828 — 3,828 963,693 967,521 Commercial real estate 11,718 4,851 — 16,569 318,564 335,133 Construction and land development 16,426 — — 16,426 21,270 37,696 Total commercial portfolio 28,171 18,308 — 46,479 2,219,512 2,265,991 Residential real estate lending 1,185 1,807 — 2,992 1,368,787 1,371,779 Consumer solar 3,320 1,584 — 4,904 411,945 416,849 Consumer and other 225 — — 225 46,925 47,150 Total retail portfolio 4,730 3,391 — 8,121 1,827,657 1,835,778 $ 32,901 $ 21,699 $ — $ 54,600 $ 4,047,169 $ 4,101,769
Schedule of Troubled Debt Restructurings	The following table presents information regarding loan modifications granted to borrowers experiencing financial difficulty during the three months ended March 31, 2023: Term Extension Three Months Ended March 31, 2023 (Dollars in thousands) Amortized Cost % of Portfolio Commercial and industrial $ 626 0.1 % Commercial real estate 866 0.3 % Construction and land development 6,887 18.2 % The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty: Term Extension Three Months Ended March 31, 2023 Commercial and industrial Modification added a weighted average 1.0 years to the life of the modified loan. Commercial real estate Modification added a weighted average 0.5 years to the life of the modified loan. Construction and land development Modifications added a weighted average 0.8 years to the life of the modified loans.
Schedule of Loans by Credit Quality Indicator	The following tables summarize the Company’s loan portfolio by credit quality indicator as of March 31, 2023: (In thousands) 2023 2022 2021 2020 2019 & Prior Revolving loans Revolving Loans Converted to Term Total Commercial and Industrial: Pass $ 8,078 $ 194,890 $ 214,012 $ 95,418 $ 152,107 $ 223,578 $ — $ 888,083 Special Mention — — — 4,373 6,866 — — 11,239 Substandard — — — 5,474 15,117 2,214 — 22,805 Doubtful — — — — 1,726 — — 1,726 Total commercial and industrial $ 8,078 $ 194,890 $ 214,012 $ 105,265 $ 175,816 $ 225,792 $ — $ 923,853 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Multifamily: Pass $ 100,019 $ 384,039 $ 46,554 $ 139,404 $ 373,701 $ 3 $ — $ 1,043,720 Special Mention — — — — 14,075 — — 14,075 Substandard — — — — 5,031 — — 5,031 Doubtful — — — — — — — — Total multifamily $ 100,019 $ 384,039 $ 46,554 $ 139,404 $ 392,807 $ 3 $ — $ 1,062,826 Current period gross charge-offs $ — $ — $ — $ — $ 1,127 $ — $ — $ 1,127 Commercial real estate: — Pass $ 1,405 $ 33,013 $ 49,462 $ 36,579 $ 169,537 $ 2,701 $ — $ 292,697 Special Mention — — — — 30,035 — — 30,035 Substandard — — — 866 3,879 — — 4,745 Doubtful — — — — — — — — Total commercial real estate $ 1,405 $ 33,013 $ 49,462 $ 37,445 $ 203,451 $ 2,701 $ — $ 327,477 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Construction and land development: Pass $ — $ 13,292 $ — $ — $ 8,123 $ — $ — $ 21,415 Special Mention — — — — — — — — Substandard — — — — — 16,413 — 16,413 Doubtful — — — — — — — — Total construction and land development $ — $ 13,292 $ — $ — $ 8,123 $ 16,413 $ — $ 37,828 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential real estate lending: Pass $ 30,490 $ 424,795 $ 349,540 $ 141,657 $ 440,298 $ 2,443 $ — $ 1,389,223 Special Mention — — — — — — — — Substandard — — — 294 618 — — 912 Doubtful — — — — — — — — Total residential real estate lending $ 30,490 $ 424,795 $ 349,540 $ 141,951 $ 440,916 $ 2,443 $ — $ 1,390,135 Current period gross charge-offs $ — $ — $ — $ — $ 57 $ 1 $ — $ 58 Consumer solar: Pass $ — $ 5,642 $ 74,386 $ 68,549 $ 260,564 $ — $ — $ 409,141 Special Mention — — — — — — — — Substandard — — 31 268 1,285 — — 1,584 Doubtful — — — — — — — — Total consumer solar $ — $ 5,642 $ 74,417 $ 68,817 $ 261,849 $ — $ — $ 410,725 Current period gross charge-offs $ — $ — $ 393 $ 225 $ 1,189 $ — $ — $ 1,807 Consumer and other: Pass $ — $ — $ 31,006 $ — $ 14,181 $ — $ — $ 45,187 Special Mention — — — — — — — — Substandard — — — — 139 — — 139 Doubtful — — — — — — — — Total consumer and other $ — $ — $ 31,006 $ — $ 14,320 $ — $ — $ 45,326 Current period gross charge-offs $ — $ — $ — $ — $ 18 $ — $ — $ 18 Total Loans: Pass $ 139,992 $ 1,055,671 $ 764,960 $ 481,607 $ 1,418,511 $ 228,725 $ — $ 4,089,466 Special Mention — — — 4,373 50,976 — — 55,349 Substandard — — 31 6,902 26,069 18,627 — 51,629 Doubtful — — — — 1,726 — — 1,726 Total loans $ 139,992 $ 1,055,671 $ 764,991 $ 492,882 $ 1,497,282 $ 247,352 $ — $ 4,198,170 Current period gross charge-offs $ — $ — $ 393 $ 225 $ 2,391 $ 1 $ — $ 3,010 The following tables summarize the Company’s loan portfolio by credit quality indicator as of December 31, 2022: (In thousands) Pass Special Mention Substandard Doubtful Total Commercial and industrial $ 893,637 $ 6,983 $ 23,275 $ 1,746 $ 925,641 Multifamily 947,661 13,696 6,164 — 967,521 Commercial real estate 299,953 24,679 10,501 — 335,133 Construction and land development 21,270 14,002 2,424 — 37,696 Residential real estate lending 1,369,972 — 1,807 — 1,371,779 Consumer and other 462,415 — 1,584 — 463,999 Total loans $ 3,994,908 $ 59,360 $ 45,755 $ 1,746 $ 4,101,769
Schedule of Method for Evaluating Impairment and Allowance for Credit Loss Activity	The activities in the allowance by portfolio for the three months ended March 31, 2023 are as follows: (In thousands) Commercial and Industrial Multifamily Commercial Real Estate Construction and Land Development Residential Real Estate Lending Consumer Solar Consumer and Other Total Allowance for credit losses: Beginning balance - ALLL $ 12,916 $ 7,104 $ 3,627 $ 825 $ 11,338 $ 6,867 $ 2,354 $ 45,031 Adoption of ASU No. 2016-13 3,816 (1,183) (1,321) (466) 3,068 16,166 1,149 21,229 Beginning balance - ACL 16,732 5,921 2,306 359 14,406 23,033 3,503 66,260 Provision for (recovery of) credit losses (263) 2,236 149 (5) 263 1,325 (93) 3,612 Charge-offs — (1,127) — — (58) (1,807) (18) (3,010) Recoveries 4 — — — 238 211 8 461 Ending Balance - ACL $ 16,473 $ 7,030 $ 2,455 $ 354 $ 14,849 $ 22,762 $ 3,400 $ 67,323 The below table summarizes collateral dependent loans which were individually evaluated to determine expected credit losses as of March 31, 2023: Real Estate Collateral Dependent Associated Allowance for Credit Losses (In thousands) Multifamily $ 2,710 $ 524 Commercial real estate 4,745 — Construction and land development 13,989 — $ 21,444 $ 524 The activities in the allowance by portfolio for the three months ended March 31, 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 1,511 (112) (433) 248 (284) 1,363 2,293 Charge-offs — (416) — — (39) (868) (1,323) Recoveries 6 — — 1 651 48 706 Ending Balance $ 12,169 $ 4,232 $ 6,840 $ 654 $ 9,336 $ 4,311 $ 37,542 The following table provides information regarding the methods used to evaluate the Company’s loans for impairment by portfolio prior to the adoption of ASU 2016-13, and the Company’s allowance by portfolio based upon the method of evaluating loan impairment as of as of December 31, 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 $ 14,716 $ 3,828 $ 4,851 $ 2,424 $ 1,982 $ — $ 27,801 Collectively evaluated for impairment 910,925 963,693 330,282 35,272 1,369,797 463,999 4,073,968 Total loans $ 925,641 $ 967,521 $ 335,133 $ 37,696 $ 1,371,779 $ 463,999 $ 4,101,769 Allowance for loan losses: Individually evaluated for impairment $ 5,433 $ 180 $ — $ — $ 55 $ — $ 5,668 Collectively evaluated for impairment 7,483 6,924 3,627 825 11,283 9,221 39,363 Total allowance for loan losses $ 12,916 $ 7,104 $ 3,627 $ 825 $ 11,338 $ 9,221 $ 45,031
Financing Receivable, Nonaccrual	The amortized cost basis of loans on nonaccrual status and the related allowance as of March 31, 2023 are as follows: Nonaccrual with No Allowance Nonaccrual with Allowance Reserve (In thousands) Commercial and industrial $ 674 $ 8,847 $ 5,079 Multifamily 334 2,376 524 Commercial real estate 4,745 — — Construction and land development 8,803 — — Total commercial portfolio 14,556 11,223 5,603 Residential real estate lending 2,016 — — Consumer solar 2,021 — — Consumer and other 140 — — Total retail portfolio 4,177 — — $ 18,733 $ 11,223 $ 5,603
Schedule of Additional Information for Individually Impaired Loans and Allowances	The following is additional information regarding the Company's impaired loans and the allowance related to such loans prior to the adoption of ASU 2016-13, as of and for the year ended December 31, 2022. December 31, 2022 (In thousands) Recorded Investment Average Recorded Investment Unpaid Principal Balance Related Allowance Loans without a related allowance: Residential real estate lending $ 764 $ 5,636 $ 1,761 $ — Multifamily 334 167 334 — Construction and land development 2,424 4,950 7,476 — Commercial real estate 4,851 4,453 5,023 — Commercial and industrial 3,791 1,896 3,881 — 12,164 17,102 18,475 — Loans with a related allowance: Residential real estate lending 1,218 8,352 1,278 55 Multifamily 3,494 3,201 3,494 180 Commercial and industrial 10,925 11,855 11,975 5,433 15,637 23,408 16,747 5,668 Total individually impaired loans: Residential real estate lending 1,982 13,988 3,039 55 Multifamily 3,828 3,368 3,828 180 Construction and land development 2,424 4,950 7,476 — Commercial real estate 4,851 4,453 5,023 — Commercial and industrial 14,716 13,751 15,856 5,433 $ 27,801 $ 40,510 $ 35,222 $ 5,668

DEPOSITS (Tables)

DEPOSITS (Tables)	3 Months Ended
	Mar. 31, 2023
Statistical Disclosure for Banks [Abstract]
Schedule of Deposits	Deposits are summarized as follows: March 31, 2023 December 31, 2022 Amount Weighted Average Rate Amount Weighted Average Rate (In thousands) Non-interest-bearing demand deposit accounts $ 3,015,558 0.00 % $ 3,331,067 0.00 % NOW accounts 199,518 0.87 % 206,434 0.73 % Money market deposit accounts 2,702,464 1.32 % 2,445,396 0.94 % Savings accounts 371,240 0.95 % 386,190 0.75 % Time deposits 157,697 1.25 % 151,699 2.57 % Brokered CDs 594,884 4.52 % 74,251 3.84 % $ 7,041,361 0.99 % $ 6,595,037 0.52 %
Schedule of Maturities of Time Deposits	The scheduled maturities of time deposits and brokered CDs as of March 31, 2023 are as follows: (In thousands) Balance 2023 $ 675,298 2024 33,282 2025 9,713 2026 8,497 2027 7,681 Thereafter 18,110 $ 752,581

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2023
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 2023 2022 (In thousands, except per share amounts) Net income attributable to Amalgamated Financial Corp. $ 21,338 $ 14,165 Dividends paid on preferred stock — — Income attributable to common stock $ 21,338 $ 14,165 Weighted average common shares outstanding, basic 30,706 31,107 Basic earnings per common share $ 0.69 $ 0.46 Income attributable to common stock $ 21,338 $ 14,165 Weighted average common shares outstanding, basic 30,706 31,107 Incremental shares from assumed conversion of options and RSUs 233 349 Weighted average common shares outstanding, diluted 30,939 31,456 Diluted earnings per common share $ 0.69 $ 0.45

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	3 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	A summary of the status of the Company’s options as of March 31, 2023 follows: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Intrinsic Value (in thousands) Outstanding, December 31, 2022 426,880 $ 13.09 3.3 years Granted — — — Forfeited/ Expired — — — Exercised (29,320) 14.56 — Outstanding, March 31, 2023 397,560 12.99 3.0 years $ 1,870 Vested and Exercisable, March 31, 2023 397,560 $ 12.99 3.0 years $ 1,870
Schedule of Restricted Stock Unit Activity	A summary of the status of the Company’s time-based vesting RSUs as of March 31, 2023 follows: Shares Grant Date Fair Value Unvested, December 31, 2022 331,023 $ 17.72 Awarded 96,443 23.43 Forfeited/Expired (5,812) 15.06 Vested (40,144) 16.46 Unvested, March 31, 2023 381,510 $ 19.33 A summary of the status of the Company’s performance-based vesting RSUs as of March 31, 2023 follows: Shares Grant Date Fair Value Unvested, December 31, 2022 96,970 $ 16.37 Awarded 62,945 19.54 Forfeited/Expired (6,013) 15.08 Vested (23,948) 14.82 Unvested, March 31, 2023 129,954 $ 16.37
Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award	The below following summarizes the shares purchased under the ESPP since the inception of the plan: Number of Shares Shares available for purchase at December 31, 2022 478,081 Purchases during the three months ended: March 31, 2023 (21,919) Remaining shares available for purchase at March 31, 2023 456,162

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Assets Measured on Recurring Basis	Assets Measured at Fair Value on a Recurring Basis Available for sale securities The Company’s available for sale securities are reported at fair value. Investments in fixed income securities are generally valued based on evaluations provided by an independent pricing service. These evaluations represent an exit price or their opinion as to what a buyer would pay for a security, typically in an institutional round lot position, in a current sale. The pricing service utilizes evaluated pricing techniques that vary by asset class and incorporate available market information and, because many fixed income securities do not trade on a daily basis, applies available information through processes such as benchmark curves, benchmarking of available securities, sector groupings and matrix pricing. Model processes, such as option adjusted spread models, are used to value securities that have prepayment features. In those limited cases where pricing service evaluations are not available for a fixed income security, management will typically value those instruments using observable market inputs in a discounted cash flow analysis. The following summarizes those financial instruments measured at fair value on a recurring basis in the Consolidated Statements of Financial Condition as of the dates indicated, categorized by the relevant class of investment and level of the fair value hierarchy: March 31, 2023 (In thousands) Level 1 Level 2 Level 3 Total Available for sale securities: Mortgage-related: GSE residential CMOs $ — $ 383,394 $ — $ 383,394 GSE commercial certificates & CMOs — 167,840 — 167,840 Non-GSE residential certificates — 105,549 — 105,549 Non-GSE commercial certificates — 97,266 — 97,266 Other debt: U.S. Treasury 193 — — 193 ABS — 756,184 — 756,184 Trust preferred — 10,078 — 10,078 Corporate — 118,601 — 118,601 Total assets carried at fair value $ 193 $ 1,638,912 $ — $ 1,639,105 December 31, 2022 (In thousands) Level 1 Level 2 Level 3 Total Available for sale securities: Mortgage-related: GSE residential CMOs $ — $ 389,260 $ — $ 389,260 GSE commercial certificates & CMOs — 213,786 — 213,786 Non-GSE residential certificates — 107,080 — 107,080 Non-GSE commercial certificates — 97,482 — 97,482 Other Debt: U.S. Treasury 192 — — 192 ABS — 862,163 — 862,163 Trust preferred — 10,143 — 10,143 Corporate — 132,370 — 132,370 Total assets carried at fair value $ 192 $ 1,812,284 $ — $ 1,812,476
Schedule of Assets Measured on Nonrecurring Basis	Assets Measured at Fair Value on a Non-recurring Basis Certain financial assets and financial liabilities are measured at fair value on a non-recurring basis. That is, they are subject to fair value adjustments in certain circumstances. Financial assets measured at fair value on a non-recurring basis include certain individually evaluated loans (or impaired loans prior to the adoption of ASU 2016-13) reported at the fair value of the underlying collateral if repayment is expected solely from the collateral. The following tables summarize assets measured at fair value on a non-recurring basis in the Consolidated Statements of Financial Condition as of the dates indicated, categorized by the relevant class of investment and level of the fair value hierarchy: March 31, 2023 (In thousands) Carrying Value Level 1 Level 2 Level 3 Estimated Fair Value Fair Value Measurements: Individually analyzed loans $ 1,852 $ — $ — $ 1,852 $ 1,852 $ 1,852 $ — $ — $ 1,852 $ 1,852 December 31, 2022 (In thousands) Carrying Value Level 1 Level 2 Level 3 Estimated Fair Value Fair Value Measurements: Impaired loans $ 3,315 $ — $ — $ 3,315 $ 3,315 $ 3,315 $ — $ — $ 3,315 $ 3,315
Schedule of Basis and Estimated Fair Values of Financial Instruments	Financial Instruments Not Measured at Fair Value For those financial instruments that are not recorded at fair value in the consolidated statements of financial condition, but are measured at fair value for disclosure purposes, management follows the same fair value measurement principles and guidance as for instruments recorded at fair value. For a description of the methods, factors and significant assumptions utilized in estimating the fair values for significant categories of financial instruments not measured at fair value, refer to footnote 14, Fair Value of Financial Instruments , included in the Annual Report on Form 10-K for the year ended December 31, 2022. An additional category of financial instrument not measured at fair value that was not previously included in the Annual Report on Form 10-K is summarized below: • Other borrowings - Other borrowings are valued using a present value technique that incorporates current rates offered on borrowings of comparable remaining maturity. Other borrowings are categorized as Level 2. There are significant limitations in estimating the fair value of financial instruments for which an active market does not exist. Due to the degree of management judgment that is often required, such estimates tend to be subjective, sensitive to changes in assumptions and imprecise. Such estimates are made as of a point in time and are impacted by then-current observable market conditions; also such estimates do not give consideration to transaction costs or tax effects if estimated unrealized gains or losses were to become realized in the future. Because of inherent uncertainties of valuation, the estimated fair value may differ significantly from the value that would have been used had a ready market for the investment existed and the difference could be material. Lastly, consideration is not given to nonfinancial instruments, including various intangible assets, which could represent substantial value. Fair value estimates are not necessarily representative of the Company’s total enterprise value. The following table summarizes the financial statement basis and estimated fair values for significant categories of financial instruments: March 31, 2023 (In thousands) Carrying Value Level 1 Level 2 Level 3 Estimated Fair Value Financial assets: Cash and cash equivalents $ 130,897 $ 130,897 $ — $ — $ 130,897 Held-to-maturity securities 1,618,507 — 575,904 913,251 1,489,155 Loans held for sale 5,653 — — 5,653 5,653 Loans receivable, net 4,130,847 — — 3,743,621 3,743,621 Resell agreements 15,431 — — 15,431 15,431 Accrued interest and dividends receivable 40,844 138 12,679 28,027 40,844 Financial liabilities: Deposits payable on demand 6,288,780 — 6,288,780 — 6,288,780 Time deposits and brokered CDs 752,581 — 750,820 — 750,820 Other borrowings 140,000 — 139,420 — 139,420 Subordinated debt 73,737 — 59,358 — 59,358 Accrued interest payable 3,365 — 3,365 — 3,365 December 31, 2022 (In thousands) Carrying Value Level 1 Level 2 Level 3 Estimated Fair Value Financial assets: Cash and cash equivalents $ 63,540 $ 63,540 $ — $ — $ 63,540 Held-to-maturity securities 1,541,301 — 574,609 840,262 1,414,871 Loans held for sale 7,943 — 7,943 7,943 Loans receivable, net 4,060,971 — — 3,718,308 3,718,308 Resell agreements 25,754 — — 25,754 25,754 Accrued interest and dividends receivable 41,441 17 12,197 29,227 41,441 Financial liabilities: Deposits payable on demand 6,369,087 — 6,369,087 — 6,369,087 Time deposits and brokered CDs 225,950 — 225,805 — 225,805 FHLBNY advances 580,000 — 580,000 — 580,000 Subordinated debt 77,708 — 68,966 — 68,966 Accrued interest payable 1,218 — 1,218 — 1,218

COMMITMENTS, CONTINGENCIES AN_2

COMMITMENTS, CONTINGENCIES AND OFF BALANCE SHEET RISK (Tables)	3 Months Ended
	Mar. 31, 2023
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: March 31, 2023 December 31, 2022 (In thousands) Commitments to extend credit $ 585,692 $ 723,902 Standby letters of credit 29,125 29,568 Total $ 614,817 $ 753,470

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Schedule of Lease Cost and Other Information	The following table summarizes our lease cost and other operating lease information: Three Months Ended Three Months Ended (In thousands) Operating lease cost $ 1,777 $ 2,251 Cash paid for amounts included in the measurement of Operating leases liability $ 2,813 $ 2,630 Weighted average remaining lease term on operating leases (in years) 3.6 4.6 Weighted average discount rate used for operating leases liability 3.24 % 3.25 % 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 March 31, 2023: (In thousands) As of March 31, 2023 2023 $ 8,480 2024 11,324 2025 10,593 2026 9,200 2027 959 Thereafter — Total undiscounted operating lease payments 40,556 Less: present value adjustment 2,223 Total Operating leases liability $ 38,333

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2023
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) Total 2023 $ 666 2024 730 2025 574 2026 419 2027 265 Thereafter 229 Total $ 2,883

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Variable Interest Entities	March 31, 2023 December 31, 2022 (In thousands) Unconsolidated Variable Interest Entities Tax credit investments included in equity investments $ 3,164 $ 3,299 Loans and letters of credit commitments 60,727 60,857 Funded portion of loans and letters of credit commitments 47,398 47,683 Remaining equity investment commitments 19,201 19,201 The following table summarizes the tax benefits conveyed by the Company’s solar generation VIE investments: Three Months Ended March 31, 2023 2022 (In thousands) Tax credits and other tax benefits recognized $ 813 $ 668

BASIS OF PRESENTATION AND CON_4

BASIS OF PRESENTATION AND CONSOLIDATION - Narrative (Details) - USD ($) $ in Thousands		3 Months Ended
	Jan. 01, 2023	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total allowance for loan losses		$ 67,323	$ 37,542	$ 45,031	$ 35,866
Allowance for credit losses on off-balance sheet credit exposures		$ 100	$ 300
Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total allowance for loan losses	$ 21,229
Allowance for credit losses on off-balance sheet credit exposures	2,700
Loans | Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on off-balance sheet credit exposures	2,600
Debt Securities | Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on off-balance sheet credit exposures	100
Retained Earnings | Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total allowance for loan losses	$ (15,380)

BASIS OF PRESENTATION AND CON_5

BASIS OF PRESENTATION AND CONSOLIDATION - Adoption of ASU (Details) - USD ($) $ in Thousands		3 Months Ended
	Jan. 01, 2023	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on held-to-maturity securities		$ (687)		$ 0
Allowance for credit losses		(67,323)	$ (37,542)	(45,031)	$ (35,866)
Reserve for credit risk inherent in off balance sheet credit commitments		(4,300)		(1,600)
Tax Impact
Income tax expense		7,565	4,935
Net Adjustment to Retained Earnings		519,158	526,762	508,955	563,875
Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on held-to-maturity securities	$ (668)
Allowance for credit losses	(21,229)
Reserve for credit risk inherent in off balance sheet credit commitments	(2,705)
Total Day 1 Adjustment for Adoption of ASU 2016-13	24,602
Tax Impact
Allowance for credit losses on held-to-maturity securities	(184)
Allowance for credit losses on loans	(5,849)
Allowance for credit losses on off-balance sheet credit exposures	(744)
Income tax expense	(6,777)
Retained Earnings
Tax Impact
Net Adjustment to Retained Earnings		$ 330,673	$ 271,722	$ 330,275	$ 260,047
Retained Earnings | Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on held-to-maturity securities	484
Allowance for credit losses	15,380
Reserve for credit risk inherent in off balance sheet credit commitments	1,961
Tax Impact
Net Adjustment to Retained Earnings	$ (17,825)

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Summary of Accumulated Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 508,955	$ 563,875
Current Period Change	15,721	(63,810)
Income Tax Effect	(4,331)	17,555
Ending balance	519,158	526,762
Accumulated Other Comprehensive Income (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(108,707)	5,409
Current Period Change	15,721	(63,810)
Income Tax Effect	(4,331)	17,555
Ending balance	(97,317)	(40,846)
Unrealized gains (losses) on benefits plans
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(1,652)	(2,102)
Current Period Change	48	59
Income Tax Effect	(13)	(16)
Ending balance	(1,617)	(2,059)
Accretion of net unrealized loss on securities transferred to held-to-maturity recognized in interest income from securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(11,516)
Current Period Change	488
Income Tax Effect	(134)
Ending balance	(11,162)
Unrealized gains (losses) on available for sale securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(95,539)	7,511
Current Period Change	15,185	(63,869)
Income Tax Effect	(4,184)	17,571
Ending balance	$ (84,538)	$ (38,787)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Schedule of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other comprehensive income (loss), before tax	$ 15,721	$ (63,810)
Income tax benefit (expense)	(4,331)	17,555
Total other comprehensive income (loss), net of taxes	11,390	(46,255)
Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other comprehensive income (loss), before tax	15,721	(63,810)
Income tax benefit (expense)	(4,331)	17,555
Total other comprehensive income (loss), net of taxes	11,390	(46,255)
Unrealized gains (losses) on benefits plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other comprehensive income (loss), before tax	48	59
Income tax benefit (expense)	(13)	(16)
Total other comprehensive income (loss), net of taxes	35	43
Change in unrealized gains (losses) on available for sale securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other comprehensive income (loss), before tax	15,673
Income tax benefit (expense)	(4,318)
Total other comprehensive income (loss), net of taxes	11,355
Unrealized gains (losses) on available for sale securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other comprehensive income (loss), before tax	15,185	(63,869)
Income tax benefit (expense)	(4,184)	17,571
Total other comprehensive income (loss), net of taxes		(46,298)
Unrealized holding gains (losses) on available for sale securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other comprehensive income (loss), before reclassifications, before tax	12,099	(63,704)
Reclassification adjustment for losses (gains) realized in gain (loss) on sale of securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification adjustment	3,086	(162)
Reclassification adjustment for gains on OTTI securities recognized in non-interest income - other
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification adjustment		(3)
Accretion of net unrealized loss on securities transferred to held-to-maturity recognized in interest income from securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification adjustment	488
Other comprehensive income (loss), before tax	488
Income tax benefit (expense)	(134)
Postemployment Retirement Benefits | Change in obligation for postretirement benefits and for prior service credit
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other comprehensive income (loss), before reclassifications, before tax	40	44
Postemployment Retirement Benefits | Reclassification adjustment for prior service expense included in compensation and employee benefits
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification adjustment	7	7
Other Postretirement Benefits Plan | Unrealized gains (losses) on benefits plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other comprehensive income (loss), before tax	$ 1	$ 8

INVESTMENT SECURITIES - Amortiz

INVESTMENT SECURITIES - Amortized Cost and Fair Value of AFS Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Available for sale:
Amortized Cost	$ 1,755,787	$ 1,944,343
Gross Unrealized Gains	178	58
Gross Unrealized Losses	(116,860)	(131,925)
Fair Value	1,639,105	1,812,476
Mortgage-related
Available for sale:
Amortized Cost	820,195	881,574
Gross Unrealized Gains	56	24
Gross Unrealized Losses	(66,202)	(73,990)
Fair Value	754,049	807,608
Government sponsored entities ("GSE") residential CMOs ("collateralized mortgage obligations")
Available for sale:
Amortized Cost	417,326	427,529
Gross Unrealized Gains	29	24
Gross Unrealized Losses	(33,961)	(38,293)
Fair Value	383,394	389,260
GSE commercial certificates & CMOs
Available for sale:
Amortized Cost	174,968	222,620
Gross Unrealized Gains	27	0
Gross Unrealized Losses	(7,155)	(8,834)
Fair Value	167,840	213,786
Non-GSE residential certificates
Available for sale:
Amortized Cost	120,591	123,139
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(15,042)	(16,059)
Fair Value	105,549	107,080
Non-GSE commercial certificates
Available for sale:
Amortized Cost	107,310	108,286
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(10,044)	(10,804)
Fair Value	97,266	97,482
Other debt
Available for sale:
Amortized Cost	935,592	1,062,769
Gross Unrealized Gains	122	34
Gross Unrealized Losses	(50,658)	(57,935)
Fair Value	885,056	1,004,868
U.S. Treasury
Available for sale:
Amortized Cost	199	199
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(6)	(7)
Fair Value	193	192
Asset backed securities ("ABS")
Available for sale:
Amortized Cost	786,515	901,746
Gross Unrealized Gains	122	34
Gross Unrealized Losses	(30,453)	(39,617)
Fair Value	756,184	862,163
Trust preferred
Available for sale:
Amortized Cost	10,989	10,988
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(911)	(845)
Fair Value	10,078	10,143
Corporate
Available for sale:
Amortized Cost	137,889	149,836
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(19,288)	(17,466)
Fair Value	$ 118,601	$ 132,370

INVESTMENT SECURITIES - Amort_2

INVESTMENT SECURITIES - Amortized Cost and Fair Value of HTM Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Held-to-maturity:
Gross Unrealized Gains	$ 59	$ 9
Gross Unrealized Losses	(130,098)	(126,439)
Fair Value	1,489,155	1,414,871
Allowance for credit losses	(687)	0
Total held-to-maturity	1,618,507	1,541,301
Mortgage-related
Held-to-maturity:
Amortized Cost	241,049
Gross Unrealized Gains	0	9
Gross Unrealized Losses	(20,734)	(23,650)
Fair Value	220,315	219,616
Total held-to-maturity		243,257
GSE residential CMOs
Held-to-maturity:
Amortized Cost	68,356
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(3,497)	(4,054)
Fair Value	64,859	65,337
Total held-to-maturity		69,391
GSE commercial certificates
Held-to-maturity:
Amortized Cost	90,114
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(9,235)	(11,186)
Fair Value	80,879	79,149
Total held-to-maturity		90,335
GSE residential certificates
Held-to-maturity:
Amortized Cost	424
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(12)	(17)
Fair Value	412	411
Total held-to-maturity		428
Non-GSE commercial certificates
Held-to-maturity:
Amortized Cost	32,630
Gross Unrealized Gains	0	9
Gross Unrealized Losses	(2,989)	(3,148)
Fair Value	29,641	29,496
Allowance for credit losses	(58)	0
Total held-to-maturity		32,635
Non-GSE residential certificates
Held-to-maturity:
Amortized Cost	49,525
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(5,001)	(5,245)
Fair Value	44,524	45,223
Total held-to-maturity		50,468
Other debt
Held-to-maturity:
Amortized Cost	1,378,145
Gross Unrealized Gains	59	0
Gross Unrealized Losses	(109,364)	(102,789)
Fair Value	1,268,840	1,195,255
Total held-to-maturity		1,298,044
Asset backed securities ("ABS")
Held-to-maturity:
Amortized Cost	286,581
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(11,049)	(15,175)
Fair Value	275,532	273,507
Total held-to-maturity		288,682
Commercial PACE
Held-to-maturity:
Amortized Cost	262,398
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(29,652)	(26,782)
Fair Value	232,746	228,642
Allowance for credit losses	(262)	0
Total held-to-maturity		255,424
Residential PACE
Held-to-maturity:
Amortized Cost	733,997
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(53,492)	(44,833)
Fair Value	680,505	611,620
Allowance for credit losses	(367)	0
Total held-to-maturity		656,453
Municipal
Held-to-maturity:
Amortized Cost	95,169
Gross Unrealized Gains	59	0
Gross Unrealized Losses	(15,171)	(15,999)
Fair Value	$ 80,057	79,486
Total held-to-maturity		95,485
Other
Held-to-maturity:
Gross Unrealized Gains		0
Gross Unrealized Losses		0
Fair Value		2,000
Total held-to-maturity		$ 2,000

INVESTMENT SECURITIES - Narrati

INVESTMENT SECURITIES - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Jan. 01, 2023	Dec. 31, 2022
Debt Securities, Available-for-Sale [Line Items]
Available for sale, at fair value	$ 1,639,105,000		$ 1,812,476,000
Charge off	1,200,000
Provision for credit losses expense	1,200,000
Accrued interest receivable	22,400,000		23,200,000
Accounting Standards Update 2016-13
Debt Securities, Available-for-Sale [Line Items]
Allowance for credit loss		$ 0
Mortgage-related
Debt Securities, Available-for-Sale [Line Items]
Available for sale, at fair value	754,049,000		$ 807,608,000
Mortgage-related | Asset Pledged as Collateral without Right | Federal Home Loan Bank Advances
Debt Securities, Available-for-Sale [Line Items]
Available for sale, at fair value	909,500,000
Fair value of held to maturity securities, pledged as collateral	$ 437,200,000

INVESTMENT SECURITIES - AFS and

INVESTMENT SECURITIES - AFS and HTM Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Amortized Cost
Amortized Cost	$ 1,755,787	$ 1,944,343
Fair Value
Fair Value	1,639,105	1,812,476
Fair Value
Fair Value	1,489,155	1,414,871
Other debt
Amortized Cost
Due within one year	199
Due after one year through five years	67,197
Due after five years through ten years	349,001
Due after ten years	519,195
Amortized Cost	935,592	1,062,769
Fair Value
Due within one year	193
Due after one year through five years	59,366
Due after five years through ten years	332,811
Due after ten years	492,686
Fair Value	885,056	1,004,868
Amortized Cost
Due within one year	0
Due after one year through five years	9,424
Due after five years through ten years	10,557
Due after ten years	1,358,164
Amortized Cost	1,378,145
Fair Value
Due within one year	0
Due after one year through five years	9,042
Due after five years through ten years	9,756
Due after ten years	1,250,042
Fair Value	$ 1,268,840	$ 1,195,255

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
	Mar. 31, 2023	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Proceeds	$ 145,305	$ 162
Realized gains	0	162
Realized losses	(3,086)	0
Net realized gains (losses)	$ (3,086)	$ 162

INVESTMENT SECURITIES - Schedul

INVESTMENT SECURITIES - Schedule of Unrealized Losses on Available for Sale and Held to Maturity Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	$ 318,154	$ 1,139,172
Available for sale, less than 12 months, unrealized losses	12,269	61,546
Available for sale, 12 months or longer, fair value	1,270,412	634,422
Available for sale, 12 months or longer, unrealized losses	104,591	70,379
Available for sale, total fair value	1,588,566	1,773,594
Available for sale, total unrealized losses	116,860	131,925
Held-to-maturity:
Held to maturity, less than 12 months, fair value	1,069,715	1,267,169
Held to maturity, less than 12 months, unrealized loss	90,239	100,311
Held to maturity, 12 months or longer, fair value	403,761	145,681
Held to maturity, 12 months or longer, unrealized loss	39,859	26,128
Held to maturity, total fair value	1,473,476	1,412,850
Held to maturity, total unrealized losses	130,098	126,439
GSE residential CMOs
Held-to-maturity:
Held to maturity, less than 12 months, fair value	41,924	54,475
Held to maturity, less than 12 months, unrealized loss	1,880	2,891
Held to maturity, 12 months or longer, fair value	22,935	10,862
Held to maturity, 12 months or longer, unrealized loss	1,617	1,163
Held to maturity, total fair value	64,859	65,337
Held to maturity, total unrealized losses	3,497	4,054
GSE residential certificates
Held-to-maturity:
Held to maturity, less than 12 months, fair value	412	411
Held to maturity, less than 12 months, unrealized loss	12	17
Held to maturity, 12 months or longer, fair value	0	0
Held to maturity, 12 months or longer, unrealized loss	0	0
Held to maturity, total fair value	412	411
Held to maturity, total unrealized losses	12	17
Government sponsored entities ("GSE") residential CMOs ("collateralized mortgage obligations")
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	114,581	231,562
Available for sale, less than 12 months, unrealized losses	3,870	13,937
Available for sale, 12 months or longer, fair value	263,412	151,285
Available for sale, 12 months or longer, unrealized losses	30,091	24,356
Available for sale, total fair value	377,993	382,847
Available for sale, total unrealized losses	33,961	38,293
GSE commercial certificates & CMOs
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	57,752	153,325
Available for sale, less than 12 months, unrealized losses	1,225	6,729
Available for sale, 12 months or longer, fair value	85,061	60,461
Available for sale, 12 months or longer, unrealized losses	5,930	2,105
Available for sale, total fair value	142,813	213,786
Available for sale, total unrealized losses	7,155	8,834
Non-GSE residential certificates
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	9,949	72,527
Available for sale, less than 12 months, unrealized losses	456	8,969
Available for sale, 12 months or longer, fair value	95,600	34,553
Available for sale, 12 months or longer, unrealized losses	14,586	7,090
Available for sale, total fair value	105,549	107,080
Available for sale, total unrealized losses	15,042	16,059
Held-to-maturity:
Held to maturity, less than 12 months, fair value	7,008	39,426
Held to maturity, less than 12 months, unrealized loss	450	4,784
Held to maturity, 12 months or longer, fair value	37,516	5,797
Held to maturity, 12 months or longer, unrealized loss	4,551	461
Held to maturity, total fair value	44,524	45,223
Held to maturity, total unrealized losses	5,001	5,245
Non-GSE commercial certificates
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	32,811	62,243
Available for sale, less than 12 months, unrealized losses	1,206	4,842
Available for sale, 12 months or longer, fair value	64,455	35,239
Available for sale, 12 months or longer, unrealized losses	8,838	5,962
Available for sale, total fair value	97,266	97,482
Available for sale, total unrealized losses	10,044	10,804
Held-to-maturity:
Held to maturity, less than 12 months, fair value	0	11,192
Held to maturity, less than 12 months, unrealized loss	0	656
Held to maturity, 12 months or longer, fair value	29,520	18,283
Held to maturity, 12 months or longer, unrealized loss	2,989	2,492
Held to maturity, total fair value	29,520	29,475
Held to maturity, total unrealized losses	2,989	3,148
GSE commercial certificates
Held-to-maturity:
Held to maturity, less than 12 months, fair value	35,961	48,934
Held to maturity, less than 12 months, unrealized loss	1,617	3,404
Held to maturity, 12 months or longer, fair value	44,918	30,215
Held to maturity, 12 months or longer, unrealized loss	7,618	7,782
Held to maturity, total fair value	80,879	79,149
Held to maturity, total unrealized losses	9,235	11,186
U.S. Treasury
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	0	192
Available for sale, less than 12 months, unrealized losses	0	7
Available for sale, 12 months or longer, fair value	193	0
Available for sale, 12 months or longer, unrealized losses	6	0
Available for sale, total fair value	193	192
Available for sale, total unrealized losses	6	7
Asset backed securities ("ABS")
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	72,764	530,269
Available for sale, less than 12 months, unrealized losses	1,720	17,290
Available for sale, 12 months or longer, fair value	665,109	299,425
Available for sale, 12 months or longer, unrealized losses	28,733	22,327
Available for sale, total fair value	737,873	829,694
Available for sale, total unrealized losses	30,453	39,617
Held-to-maturity:
Held to maturity, less than 12 months, fair value	57,468	224,279
Held to maturity, less than 12 months, unrealized loss	2,433	11,078
Held to maturity, 12 months or longer, fair value	218,064	49,228
Held to maturity, 12 months or longer, unrealized loss	8,616	4,097
Held to maturity, total fair value	275,532	273,507
Held to maturity, total unrealized losses	11,049	15,175
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	10,078	10,143
Available for sale, 12 months or longer, unrealized losses	911	845
Available for sale, total fair value	10,078	10,143
Available for sale, total unrealized losses	911	845
Corporate
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	30,297	89,054
Available for sale, less than 12 months, unrealized losses	3,792	9,772
Available for sale, 12 months or longer, fair value	86,504	43,316
Available for sale, 12 months or longer, unrealized losses	15,496	7,694
Available for sale, total fair value	116,801	132,370
Available for sale, total unrealized losses	19,288	17,466
Commercial PACE
Held-to-maturity:
Held to maturity, less than 12 months, fair value	232,746	228,642
Held to maturity, less than 12 months, unrealized loss	29,652	26,782
Held to maturity, 12 months or longer, fair value	0	0
Held to maturity, 12 months or longer, unrealized loss	0	0
Held to maturity, total fair value	232,746	228,642
Held to maturity, total unrealized losses	29,652	26,782
Residential PACE
Held-to-maturity:
Held to maturity, less than 12 months, fair value	680,505	611,620
Held to maturity, less than 12 months, unrealized loss	53,492	44,833
Held to maturity, 12 months or longer, fair value	0	0
Held to maturity, 12 months or longer, unrealized loss	0	0
Held to maturity, total fair value	680,505	611,620
Held to maturity, total unrealized losses	53,492	44,833
Municipal
Held-to-maturity:
Held to maturity, less than 12 months, fair value	13,691	48,190
Held to maturity, less than 12 months, unrealized loss	703	5,866
Held to maturity, 12 months or longer, fair value	50,808	31,296
Held to maturity, 12 months or longer, unrealized loss	14,468	10,133
Held to maturity, total fair value	64,499	79,486
Held to maturity, total unrealized losses	$ 15,171	$ 15,999

INVESTMENT SECURITIES - Allowan

INVESTMENT SECURITIES - Allowance for Credit Losses (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Allowance for credit losses:
Beginning balance	$ 0
Provision for (recovery of) credit losses	45
Charge-offs	(26)
Recoveries	0
Ending balance	687
Adoption of ASU No. 2016-13
Allowance for credit losses:
Beginning balance	668
Non-GSE commercial certificates
Allowance for credit losses:
Beginning balance	0
Provision for (recovery of) credit losses	(1)
Charge-offs	(26)
Recoveries	0
Ending balance	58
Non-GSE commercial certificates | Adoption of ASU No. 2016-13
Allowance for credit losses:
Beginning balance	85
Commercial PACE
Allowance for credit losses:
Beginning balance	0
Provision for (recovery of) credit losses	7
Charge-offs	0
Recoveries	0
Ending balance	262
Commercial PACE | Adoption of ASU No. 2016-13
Allowance for credit losses:
Beginning balance	255
Residential PACE
Allowance for credit losses:
Beginning balance	0
Provision for (recovery of) credit losses	39
Charge-offs	0
Recoveries	0
Ending balance	367
Residential PACE | Adoption of ASU No. 2016-13
Allowance for credit losses:
Beginning balance	$ 328

LOANS RECEIVABLE, NET - Schedul

LOANS RECEIVABLE, NET - Schedule of Loans Receivable (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Jan. 01, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	$ 4,198,170			$ 4,101,769
Net deferred loan origination costs	0			4,233
Total loans receivable, net of deferred loan origination costs (fees)	4,198,170			4,106,002
Allowance for credit losses	67,323	$ 37,542		45,031	$ 35,866
Provision for (recovery of) credit losses	3,612	2,293
Total loans receivable, net	4,130,847			4,060,971
Charge-offs	(3,010)	(1,323)
Recoveries	461	706
Beginning balance - ACL
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses				66,260
Accounting Standards Update 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses			$ 21,229
Accounting Standards Update 2016-13 | Adoption of ASU No. 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses				21,229
Commercial portfolio
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	2,351,984			2,265,991
Commercial portfolio | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	923,853			925,641
Total loans receivable, net of deferred loan origination costs (fees)	923,853
Allowance for credit losses	16,473	12,169		12,916	10,652
Provision for (recovery of) credit losses	(263)	1,511
Charge-offs	0	0
Recoveries	4	6
Commercial portfolio | Commercial and industrial | Beginning balance - ACL
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses				16,732
Commercial portfolio | Commercial and industrial | Accounting Standards Update 2016-13 | Adoption of ASU No. 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses				3,816
Commercial portfolio | Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	1,062,826			967,521
Total loans receivable, net of deferred loan origination costs (fees)	1,062,826
Allowance for credit losses	7,030	4,232		7,104	4,760
Provision for (recovery of) credit losses	2,236	(112)
Charge-offs	(1,127)	(416)
Recoveries	0	0
Commercial portfolio | Multifamily | Beginning balance - ACL
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses				5,921
Commercial portfolio | Multifamily | Accounting Standards Update 2016-13 | Adoption of ASU No. 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses				(1,183)
Commercial portfolio | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	327,477			335,133
Total loans receivable, net of deferred loan origination costs (fees)	327,477
Allowance for credit losses	2,455	6,840		3,627	7,273
Provision for (recovery of) credit losses	149	(433)
Charge-offs	0	0
Recoveries	0	0
Commercial portfolio | Commercial real estate | Beginning balance - ACL
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses				2,306
Commercial portfolio | Commercial real estate | Accounting Standards Update 2016-13 | Adoption of ASU No. 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses				(1,321)
Commercial portfolio | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	37,828			37,696
Total loans receivable, net of deferred loan origination costs (fees)	37,828
Allowance for credit losses	354	654		825	405
Provision for (recovery of) credit losses	(5)	248
Charge-offs	0	0
Recoveries	0	1
Commercial portfolio | Construction and land development | Beginning balance - ACL
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses				359
Commercial portfolio | Construction and land development | Accounting Standards Update 2016-13 | Adoption of ASU No. 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses				(466)
Commercial portfolio | Residential real estate lending
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	14,849			11,338
Provision for (recovery of) credit losses	263
Charge-offs	(58)
Recoveries	238
Commercial portfolio | Residential real estate lending | Beginning balance - ACL
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses				14,406
Commercial portfolio | Residential real estate lending | Accounting Standards Update 2016-13 | Adoption of ASU No. 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses				3,068
Retail portfolio
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	1,846,186			1,835,778
Retail portfolio | Residential real estate lending
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	1,390,135			1,371,779
Total loans receivable, net of deferred loan origination costs (fees)	1,390,135
Allowance for credit losses		9,336		11,338	9,008
Provision for (recovery of) credit losses		(284)
Charge-offs	(58)	(39)
Recoveries		651
Retail portfolio | Consumer solar
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	410,725			416,849
Total loans receivable, net of deferred loan origination costs (fees)	410,725
Allowance for credit losses	22,762			6,867
Provision for (recovery of) credit losses	1,325
Charge-offs	(1,807)
Recoveries	211
Retail portfolio | Consumer solar | Beginning balance - ACL
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses				23,033
Retail portfolio | Consumer solar | Accounting Standards Update 2016-13 | Adoption of ASU No. 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses				16,166
Retail portfolio | Consumer and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	45,326			47,150
Total loans receivable, net of deferred loan origination costs (fees)	45,326
Allowance for credit losses	3,400	4,311		2,354	$ 3,768
Provision for (recovery of) credit losses	(93)	1,363
Charge-offs	(18)	(868)
Recoveries	$ 8	$ 48
Retail portfolio | Consumer and Other | Beginning balance - ACL
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses				3,503
Retail portfolio | Consumer and Other | Accounting Standards Update 2016-13 | Adoption of ASU No. 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses				$ 1,149

LOANS RECEIVABLE, NET - Sched_2

LOANS RECEIVABLE, NET - Schedule of Quality of Bank's Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	$ 4,198,170	$ 4,101,769
Non- Accrual	29,956	21,699
90 Days or More Delinquent and Still Accruing Interest	1,299	0
30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	46,650	32,901
Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	77,905	54,600
Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	4,120,265	4,047,169
Commercial portfolio
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	2,351,984	2,265,991
Non- Accrual	25,779	18,308
90 Days or More Delinquent and Still Accruing Interest	1,299	0
Commercial portfolio | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	27,304	28,171
Commercial portfolio | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	54,382	46,479
Commercial portfolio | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	2,297,602	2,219,512
Commercial portfolio | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	923,853	925,641
Non- Accrual	9,521	9,629
90 Days or More Delinquent and Still Accruing Interest	0	0
Commercial portfolio | Commercial and industrial | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	18,440	27
Commercial portfolio | Commercial and industrial | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	27,961	9,656
Commercial portfolio | Commercial and industrial | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	895,892	915,985
Commercial portfolio | Multifamily
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,062,826	967,521
Non- Accrual	2,710	3,828
90 Days or More Delinquent and Still Accruing Interest	0	0
Commercial portfolio | Multifamily | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	7,703	0
Commercial portfolio | Multifamily | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	10,413	3,828
Commercial portfolio | Multifamily | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,052,413	963,693
Commercial portfolio | Commercial real estate
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	327,477	335,133
Non- Accrual	4,745	4,851
90 Days or More Delinquent and Still Accruing Interest	1,299	0
Commercial portfolio | Commercial real estate | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	609	11,718
Commercial portfolio | Commercial real estate | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	6,653	16,569
Commercial portfolio | Commercial real estate | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	320,824	318,564
Commercial portfolio | Construction and land development
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	37,828	37,696
Non- Accrual	8,803	0
90 Days or More Delinquent and Still Accruing Interest	0	0
Commercial portfolio | Construction and land development | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	552	16,426
Commercial portfolio | Construction and land development | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	9,355	16,426
Commercial portfolio | Construction and land development | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	28,473	21,270
Retail portfolio
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,846,186	1,835,778
Non- Accrual	4,177	3,391
90 Days or More Delinquent and Still Accruing Interest	0	0
Retail portfolio | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	19,346	4,730
Retail portfolio | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	23,523	8,121
Retail portfolio | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,822,663	1,827,657
Retail portfolio | Residential real estate lending
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,390,135	1,371,779
Non- Accrual	2,016	1,807
90 Days or More Delinquent and Still Accruing Interest	0	0
Retail portfolio | Residential real estate lending | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	12,957	1,185
Retail portfolio | Residential real estate lending | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	14,973	2,992
Retail portfolio | Residential real estate lending | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,375,162	1,368,787
Retail portfolio | Consumer solar
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	410,725	416,849
Non- Accrual	2,021	1,584
90 Days or More Delinquent and Still Accruing Interest	0	0
Retail portfolio | Consumer solar | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	5,209	3,320
Retail portfolio | Consumer solar | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	7,230	4,904
Retail portfolio | Consumer solar | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	403,495	411,945
Retail portfolio | Consumer and Other
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	45,326	47,150
Non- Accrual	140	0
90 Days or More Delinquent and Still Accruing Interest	0	0
Retail portfolio | Consumer and Other | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,180	225
Retail portfolio | Consumer and Other | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,320	225
Retail portfolio | Consumer and Other | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	$ 44,006	$ 46,925

LOANS RECEIVABLE, NET - Quality

LOANS RECEIVABLE, NET - Quality Indicator (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 139,992
2022	1,055,671
2021	764,991
2020	492,882
2019 & Prior	1,497,282
Revolving loans	247,352
Revolving Loans Converted to Term	0
Total	4,198,170		$ 4,106,002
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Charge-offs	3,010	$ 1,323
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023	139,992
2022	1,055,671
2021	764,960
2020	481,607
2019 & Prior	1,418,511
Revolving loans	228,725
Revolving Loans Converted to Term	0
Total	4,089,466
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	393
2020	225
2019 & Prior	2,391
Revolving loans	1
Revolving Loans Converted to Term	0
Charge-offs	3,010
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	4,373
2019 & Prior	50,976
Revolving loans	0
Revolving Loans Converted to Term	0
Total	55,349
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	31
2020	6,902
2019 & Prior	26,069
Revolving loans	18,627
Revolving Loans Converted to Term	0
Total	51,629
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	1,726
Revolving loans	0
Revolving Loans Converted to Term	0
Total	1,726
Commercial portfolio | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2023	8,078
2022	194,890
2021	214,012
2020	105,265
2019 & Prior	175,816
Revolving loans	225,792
Revolving Loans Converted to Term	0
Total	923,853
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	0
Revolving loans	0
Revolving Loans Converted to Term	0
Charge-offs	0	0
Commercial portfolio | Commercial and industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023	8,078
2022	194,890
2021	214,012
2020	95,418
2019 & Prior	152,107
Revolving loans	223,578
Revolving Loans Converted to Term	0
Total	888,083
Commercial portfolio | Commercial and industrial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	4,373
2019 & Prior	6,866
Revolving loans	0
Revolving Loans Converted to Term	0
Total	11,239
Commercial portfolio | Commercial and industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	5,474
2019 & Prior	15,117
Revolving loans	2,214
Revolving Loans Converted to Term	0
Total	22,805
Commercial portfolio | Commercial and industrial | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	1,726
Revolving loans	0
Revolving Loans Converted to Term	0
Total	1,726
Commercial portfolio | Multifamily
Financing Receivable, Credit Quality Indicator [Line Items]
2023	100,019
2022	384,039
2021	46,554
2020	139,404
2019 & Prior	392,807
Revolving loans	3
Revolving Loans Converted to Term	0
Total	1,062,826
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	1,127
Revolving loans	0
Revolving Loans Converted to Term	0
Charge-offs	1,127	416
Commercial portfolio | Multifamily | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023	100,019
2022	384,039
2021	46,554
2020	139,404
2019 & Prior	373,701
Revolving loans	3
Revolving Loans Converted to Term	0
Total	1,043,720
Commercial portfolio | Multifamily | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	14,075
Revolving loans	0
Revolving Loans Converted to Term	0
Total	14,075
Commercial portfolio | Multifamily | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	5,031
Revolving loans	0
Revolving Loans Converted to Term	0
Total	5,031
Commercial portfolio | Multifamily | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	0
Revolving loans	0
Revolving Loans Converted to Term	0
Total	0
Commercial portfolio | Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023	1,405
2022	33,013
2021	49,462
2020	37,445
2019 & Prior	203,451
Revolving loans	2,701
Revolving Loans Converted to Term	0
Total	327,477
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	0
Revolving loans	0
Revolving Loans Converted to Term	0
Charge-offs	0	0
Commercial portfolio | Commercial real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023	1,405
2022	33,013
2021	49,462
2020	36,579
2019 & Prior	169,537
Revolving loans	2,701
Revolving Loans Converted to Term	0
Total	292,697
Commercial portfolio | Commercial real estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	30,035
Revolving loans	0
Revolving Loans Converted to Term	0
Total	30,035
Commercial portfolio | Commercial real estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	866
2019 & Prior	3,879
Revolving loans	0
Revolving Loans Converted to Term	0
Total	4,745
Commercial portfolio | Commercial real estate | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	0
Revolving loans	0
Revolving Loans Converted to Term	0
Total	0
Commercial portfolio | Construction and land development
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	13,292
2021	0
2020	0
2019 & Prior	8,123
Revolving loans	16,413
Revolving Loans Converted to Term	0
Total	37,828
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	0
Revolving loans	0
Revolving Loans Converted to Term	0
Charge-offs	0	0
Commercial portfolio | Construction and land development | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	13,292
2021	0
2020	0
2019 & Prior	8,123
Revolving loans	0
Revolving Loans Converted to Term	0
Total	21,415
Commercial portfolio | Construction and land development | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	0
Revolving loans	0
Revolving Loans Converted to Term	0
Total	0
Commercial portfolio | Construction and land development | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	0
Revolving loans	16,413
Revolving Loans Converted to Term	0
Total	16,413
Commercial portfolio | Construction and land development | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	0
Revolving loans	0
Revolving Loans Converted to Term	0
Total	0
Commercial portfolio | Residential real estate lending
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Charge-offs	58
Retail portfolio | Residential real estate lending
Financing Receivable, Credit Quality Indicator [Line Items]
2023	30,490
2022	424,795
2021	349,540
2020	141,951
2019 & Prior	440,916
Revolving loans	2,443
Revolving Loans Converted to Term	0
Total	1,390,135
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	57
Revolving loans	1
Revolving Loans Converted to Term	0
Charge-offs	58	39
Retail portfolio | Residential real estate lending | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023	30,490
2022	424,795
2021	349,540
2020	141,657
2019 & Prior	440,298
Revolving loans	2,443
Revolving Loans Converted to Term	0
Total	1,389,223
Retail portfolio | Residential real estate lending | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	0
Revolving loans	0
Revolving Loans Converted to Term	0
Total	0
Retail portfolio | Residential real estate lending | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	294
2019 & Prior	618
Revolving loans	0
Revolving Loans Converted to Term	0
Total	912
Retail portfolio | Residential real estate lending | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	0
Revolving loans	0
Revolving Loans Converted to Term	0
Total	0
Retail portfolio | Consumer solar
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	5,642
2021	74,417
2020	68,817
2019 & Prior	261,849
Revolving loans	0
Revolving Loans Converted to Term	0
Total	410,725
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	393
2020	225
2019 & Prior	1,189
Revolving loans	0
Revolving Loans Converted to Term	0
Charge-offs	1,807
Retail portfolio | Consumer solar | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	5,642
2021	74,386
2020	68,549
2019 & Prior	260,564
Revolving loans	0
Revolving Loans Converted to Term	0
Total	409,141
Retail portfolio | Consumer solar | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	0
Revolving loans	0
Revolving Loans Converted to Term	0
Total	0
Retail portfolio | Consumer solar | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	31
2020	268
2019 & Prior	1,285
Revolving loans	0
Revolving Loans Converted to Term	0
Total	1,584
Retail portfolio | Consumer solar | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	0
Revolving loans	0
Revolving Loans Converted to Term	0
Total	0
Retail portfolio | Consumer and Other
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	31,006
2020	0
2019 & Prior	14,320
Revolving loans	0
Revolving Loans Converted to Term	0
Total	45,326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	18
Revolving loans	0
Revolving Loans Converted to Term	0
Charge-offs	18	$ 868
Retail portfolio | Consumer and Other | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	31,006
2020	0
2019 & Prior	14,181
Revolving loans	0
Revolving Loans Converted to Term	0
Total	45,187
Retail portfolio | Consumer and Other | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	0
Revolving loans	0
Revolving Loans Converted to Term	0
Total	0
Retail portfolio | Consumer and Other | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	139
Revolving loans	0
Revolving Loans Converted to Term	0
Total	139
Retail portfolio | Consumer and Other | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019 & Prior	0
Revolving loans	0
Revolving Loans Converted to Term	0
Total	$ 0

LOANS RECEIVABLE, NET - Loan Mo

LOANS RECEIVABLE, NET - Loan Modification (Details) - Extended Maturity $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost	$ 626
% of Portfolio	0.10%
Commercial real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost	$ 866
% of Portfolio	0.30%
Construction and land development
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost	$ 6,887
% of Portfolio	18.20%

LOANS RECEIVABLE, NET - Sched_3

LOANS RECEIVABLE, NET - Schedule of Loan Portfolio by Credit Quality Indicator (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	$ 4,198,170	$ 4,101,769
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		3,994,908
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		59,360
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		45,755
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		1,746
Commercial portfolio
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	2,351,984	2,265,991
Commercial portfolio | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	923,853	925,641
Commercial portfolio | Commercial and industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		893,637
Commercial portfolio | Commercial and industrial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		6,983
Commercial portfolio | Commercial and industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		23,275
Commercial portfolio | Commercial and industrial | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		1,746
Commercial portfolio | Multifamily
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	1,062,826	967,521
Commercial portfolio | Multifamily | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		947,661
Commercial portfolio | Multifamily | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		13,696
Commercial portfolio | Multifamily | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		6,164
Commercial portfolio | Multifamily | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		0
Commercial portfolio | Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	327,477	335,133
Commercial portfolio | Commercial real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		299,953
Commercial portfolio | Commercial real estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		24,679
Commercial portfolio | Commercial real estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		10,501
Commercial portfolio | Commercial real estate | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		0
Commercial portfolio | Construction and land development
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	37,828	37,696
Commercial portfolio | Construction and land development | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		21,270
Commercial portfolio | Construction and land development | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		14,002
Commercial portfolio | Construction and land development | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		2,424
Commercial portfolio | Construction and land development | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		0
Retail portfolio
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	1,846,186	1,835,778
Retail portfolio | Residential real estate lending
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	$ 1,390,135	1,371,779
Retail portfolio | Residential real estate lending | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		1,369,972
Retail portfolio | Residential real estate lending | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		0
Retail portfolio | Residential real estate lending | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		1,807
Retail portfolio | Residential real estate lending | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		0
Retail portfolio | Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		463,999
Retail portfolio | Consumer and other | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		462,415
Retail portfolio | Consumer and other | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		0
Retail portfolio | Consumer and other | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		1,584
Retail portfolio | Consumer and other | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		$ 0

LOANS RECEIVABLE, NET - Method

LOANS RECEIVABLE, NET - Method of Evaluating Impairment of Loans and Allowance (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment		$ 27,801
Collectively evaluated for impairment		4,073,968
Total Loans Receivable	$ 4,198,170	4,101,769
Individually evaluated for impairment		5,668
Collectively evaluated for impairment		39,363
Total allowance for loan losses	67,323	45,031	$ 37,542	$ 35,866
Commercial portfolio
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans Receivable	2,351,984	2,265,991
Commercial portfolio | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment		14,716
Collectively evaluated for impairment		910,925
Total Loans Receivable	923,853	925,641
Individually evaluated for impairment		5,433
Collectively evaluated for impairment		7,483
Total allowance for loan losses	16,473	12,916	12,169	10,652
Commercial portfolio | Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment		3,828
Collectively evaluated for impairment		963,693
Total Loans Receivable	1,062,826	967,521
Individually evaluated for impairment		180
Collectively evaluated for impairment		6,924
Total allowance for loan losses	7,030	7,104	4,232	4,760
Commercial portfolio | Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment		4,851
Collectively evaluated for impairment		330,282
Total Loans Receivable	327,477	335,133
Individually evaluated for impairment		0
Collectively evaluated for impairment		3,627
Total allowance for loan losses	2,455	3,627	6,840	7,273
Commercial portfolio | Construction and land development
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment		2,424
Collectively evaluated for impairment		35,272
Total Loans Receivable	37,828	37,696
Individually evaluated for impairment		0
Collectively evaluated for impairment		825
Total allowance for loan losses	354	825	654	405
Commercial portfolio | Residential real estate lending
Financing Receivable, Allowance for Credit Loss [Line Items]
Total allowance for loan losses	14,849	11,338
Retail portfolio
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans Receivable	1,846,186	1,835,778
Retail portfolio | Residential real estate lending
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment		1,982
Collectively evaluated for impairment		1,369,797
Total Loans Receivable	$ 1,390,135	1,371,779
Individually evaluated for impairment		55
Collectively evaluated for impairment		11,283
Total allowance for loan losses		11,338	$ 9,336	$ 9,008
Retail portfolio | Consumer and other
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment		0
Collectively evaluated for impairment		463,999
Total Loans Receivable		463,999
Individually evaluated for impairment		0
Collectively evaluated for impairment		9,221
Total allowance for loan losses		$ 9,221

LOANS RECEIVABLE, NET - Nonaccr

LOANS RECEIVABLE, NET - Nonaccrual (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with No Allowance	$ 18,733
Nonaccrual with Allowance	11,223
Reserve	5,603
Commercial portfolio
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with No Allowance	14,556
Nonaccrual with Allowance	11,223
Reserve	5,603
Commercial portfolio | Commercial and industrial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with No Allowance	674
Nonaccrual with Allowance	8,847
Reserve	5,079
Commercial portfolio | Multifamily
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with No Allowance	334
Nonaccrual with Allowance	2,376
Reserve	524
Commercial portfolio | Commercial real estate
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with No Allowance	4,745
Nonaccrual with Allowance	0
Reserve	0
Commercial portfolio | Construction and land development
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with No Allowance	8,803
Nonaccrual with Allowance	0
Reserve	0
Retail portfolio
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with No Allowance	4,177
Nonaccrual with Allowance	0
Reserve	0
Retail portfolio | Residential real estate lending
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with No Allowance	2,016
Nonaccrual with Allowance	0
Reserve	0
Retail portfolio | Consumer solar
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with No Allowance	2,021
Nonaccrual with Allowance	0
Reserve	0
Retail portfolio | Consumer and Other
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with No Allowance	140
Nonaccrual with Allowance	0
Reserve	$ 0

LOANS RECEIVABLE, NET - Depende

LOANS RECEIVABLE, NET - Dependent Collateral (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Loans receivable, net of deferred loan origination costs	$ 4,198,170	$ 4,106,002
Total allowance for loan losses	67,323	45,031	$ 37,542	$ 35,866
Commercial portfolio | Multifamily
Financing Receivable, Past Due [Line Items]
Loans receivable, net of deferred loan origination costs	1,062,826
Total allowance for loan losses	7,030	7,104	4,232	4,760
Commercial portfolio | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans receivable, net of deferred loan origination costs	327,477
Total allowance for loan losses	2,455	3,627	6,840	7,273
Commercial portfolio | Construction and land development
Financing Receivable, Past Due [Line Items]
Loans receivable, net of deferred loan origination costs	37,828
Total allowance for loan losses	354	$ 825	$ 654	$ 405
Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans receivable, net of deferred loan origination costs	21,444
Total allowance for loan losses	524
Commercial real estate | Commercial portfolio | Multifamily
Financing Receivable, Past Due [Line Items]
Loans receivable, net of deferred loan origination costs	2,710
Total allowance for loan losses	524
Commercial real estate | Commercial portfolio | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans receivable, net of deferred loan origination costs	4,745
Total allowance for loan losses	0
Commercial real estate | Commercial portfolio | Construction and land development
Financing Receivable, Past Due [Line Items]
Loans receivable, net of deferred loan origination costs	13,989
Total allowance for loan losses	$ 0

LOANS RECEIVABLE, NET - Sched_4

LOANS RECEIVABLE, NET - Schedule of Activity in Allowance by Portfolio (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Allowance for loan losses:
Beginning balance	$ 45,031	$ 35,866
Provision for (recovery of) credit losses	3,612	2,293
Charge-offs	(3,010)	(1,323)
Recoveries	461	706
Ending balance	67,323	37,542
Commercial portfolio | Commercial and industrial
Allowance for loan losses:
Beginning balance	12,916	10,652
Provision for (recovery of) credit losses	(263)	1,511
Charge-offs	0	0
Recoveries	4	6
Ending balance	16,473	12,169
Commercial portfolio | Multifamily
Allowance for loan losses:
Beginning balance	7,104	4,760
Provision for (recovery of) credit losses	2,236	(112)
Charge-offs	(1,127)	(416)
Recoveries	0	0
Ending balance	7,030	4,232
Commercial portfolio | Commercial real estate
Allowance for loan losses:
Beginning balance	3,627	7,273
Provision for (recovery of) credit losses	149	(433)
Charge-offs	0	0
Recoveries	0	0
Ending balance	2,455	6,840
Commercial portfolio | Construction and land development
Allowance for loan losses:
Beginning balance	825	405
Provision for (recovery of) credit losses	(5)	248
Charge-offs	0	0
Recoveries	0	1
Ending balance	354	654
Commercial portfolio | Residential real estate lending
Allowance for loan losses:
Beginning balance	11,338
Provision for (recovery of) credit losses	263
Charge-offs	(58)
Recoveries	238
Ending balance	14,849
Retail portfolio | Residential real estate lending
Allowance for loan losses:
Beginning balance	11,338	9,008
Provision for (recovery of) credit losses		(284)
Charge-offs	(58)	(39)
Recoveries		651
Ending balance		9,336
Retail portfolio | Consumer solar
Allowance for loan losses:
Beginning balance	6,867
Provision for (recovery of) credit losses	1,325
Charge-offs	(1,807)
Recoveries	211
Ending balance	22,762
Retail portfolio | Consumer and Other
Allowance for loan losses:
Beginning balance	2,354	3,768
Provision for (recovery of) credit losses	(93)	1,363
Charge-offs	(18)	(868)
Recoveries	8	48
Ending balance	$ 3,400	$ 4,311

LOANS RECEIVABLE, NET - Sched_5

LOANS RECEIVABLE, NET - Schedule of Individually Impaired Loans and Allowances (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Financing Receivable, Impaired [Line Items]
Loans without a related allowance - recorded investment	$ 12,164
Loans without a related allowance - average recorded investment	17,102
Loans without a related allowance - unpaid principal balance	18,475
Loans with a related allowance - recorded investment	15,637
Loans with a related allowance - average recorded investment	23,408
Loans with a related allowance - unpaid principal balance	16,747
Total individually impaired loans - recorded investment	27,801
Total individually impaired loans - average recorded investment	40,510
Total individually impaired loans - unpaid principal balance	35,222
Individually impaired loans - related allowance	5,668
Retail portfolio | Residential real estate lending
Financing Receivable, Impaired [Line Items]
Loans without a related allowance - recorded investment	764
Loans without a related allowance - average recorded investment	5,636
Loans without a related allowance - unpaid principal balance	1,761
Loans with a related allowance - recorded investment	1,218
Loans with a related allowance - average recorded investment	8,352
Loans with a related allowance - unpaid principal balance	1,278
Total individually impaired loans - recorded investment	1,982
Total individually impaired loans - average recorded investment	13,988
Total individually impaired loans - unpaid principal balance	3,039
Individually impaired loans - related allowance	55
Commercial portfolio | Multifamily
Financing Receivable, Impaired [Line Items]
Loans without a related allowance - recorded investment	334
Loans without a related allowance - average recorded investment	167
Loans without a related allowance - unpaid principal balance	334
Loans with a related allowance - recorded investment	3,494
Loans with a related allowance - average recorded investment	3,201
Loans with a related allowance - unpaid principal balance	3,494
Total individually impaired loans - recorded investment	3,828
Total individually impaired loans - average recorded investment	3,368
Total individually impaired loans - unpaid principal balance	3,828
Individually impaired loans - related allowance	180
Commercial portfolio | Construction and land development
Financing Receivable, Impaired [Line Items]
Loans without a related allowance - recorded investment	2,424
Loans without a related allowance - average recorded investment	4,950
Loans without a related allowance - unpaid principal balance	7,476
Total individually impaired loans - recorded investment	2,424
Total individually impaired loans - average recorded investment	4,950
Total individually impaired loans - unpaid principal balance	7,476
Individually impaired loans - related allowance	0
Commercial portfolio | Commercial real estate
Financing Receivable, Impaired [Line Items]
Loans without a related allowance - recorded investment	4,851
Loans without a related allowance - average recorded investment	4,453
Loans without a related allowance - unpaid principal balance	5,023
Total individually impaired loans - recorded investment	4,851
Total individually impaired loans - average recorded investment	4,453
Total individually impaired loans - unpaid principal balance	5,023
Individually impaired loans - related allowance	0
Commercial portfolio | Commercial and industrial
Financing Receivable, Impaired [Line Items]
Loans without a related allowance - recorded investment	3,791
Loans without a related allowance - average recorded investment	1,896
Loans without a related allowance - unpaid principal balance	3,881
Loans with a related allowance - recorded investment	10,925
Loans with a related allowance - average recorded investment	11,855
Loans with a related allowance - unpaid principal balance	11,975
Total individually impaired loans - recorded investment	14,716
Total individually impaired loans - average recorded investment	13,751
Total individually impaired loans - unpaid principal balance	15,856
Individually impaired loans - related allowance	$ 5,433

LOANS RECEIVABLE, NET - Narrati

LOANS RECEIVABLE, NET - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) loan	Dec. 31, 2022 USD ($)
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loans modified | loan	4
Total loans receivable, net	$ 4,130,847	$ 4,060,971
Related party loans outstanding	1,600	1,600
Asset Pledged as Collateral without Right | Federal Home Loan Bank Advances
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total loans receivable, net	$ 993,300	$ 819,400

LOANS RECEIVABLE, NET - Term Ex

LOANS RECEIVABLE, NET - Term Extension (Details) - Commercial portfolio	3 Months Ended
	Mar. 31, 2023
Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Term Extension	1 year
Commercial real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Term Extension	6 months
Construction and land development
Financing Receivable, Troubled Debt Restructuring [Line Items]
Term Extension	9 months 18 days

DEPOSITS - Schedule of Deposits

DEPOSITS - Schedule of Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Amount
Non-interest-bearing demand deposit accounts	$ 3,015,558	$ 3,331,067
NOW accounts	199,518	206,434
Money market deposit accounts	2,702,464	2,445,396
Savings accounts	371,240	386,190
Time deposits	157,697	151,699
Brokered CDs	594,884	74,251
Total deposits	$ 7,041,361	$ 6,595,037
Weighted Average Rate
NOW accounts	0.87%	0.73%
Money market deposit accounts	1.32%	0.94%
Savings accounts	0.95%	0.75%
Time deposits	1.25%	2.57%
Brokered CDs	4.52%	3.84%
Deposits	0.99%	0.52%

DEPOSITS - Schedule of Maturiti

DEPOSITS - Schedule of Maturities of Time Deposits (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Balance
2023	$ 675,298
2024	33,282
2025	9,713
2026	8,497
2027	7,681
Thereafter	18,110
Total time deposits	$ 752,581

DEPOSITS - Narrative (Details)

DEPOSITS - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Statistical Disclosure for Banks [Abstract]
Time deposits at or above FDIC limit	$ 31	$ 36.2
CDARS deposits	42.3	28.3
Deposits from Workers United and other related entities	74.8	52.2
State and municipal deposits	$ 38.9	$ 88.3

BORROWED FUNDS (Details)

BORROWED FUNDS (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Other eligible assets pledged as collateral	$ 1,330,000,000
FHLBNY advances	0		$ 580,000,000
Interest expense on federal home loan bank and federal reserve bank advances,	3,000,000	$ 0
Other borrowings	140,000,000		$ 0
Fed funds purchased, interest expense	200,000	$ 0
Compromised Securities
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Other eligible assets pledged as collateral	581,200,000
Mortgage-related
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Other eligible assets pledged as collateral	$ 746,000,000

SUBORDINATED DEBT - Narrative (

SUBORDINATED DEBT - Narrative (Details) - USD ($)		3 Months Ended
	Nov. 08, 2021	Mar. 31, 2023	Mar. 31, 2022	Mar. 17, 2023	Dec. 31, 2022	Sep. 29, 2022	Jul. 26, 2022
Financial Instruments Owned and Pledged as Collateral [Line Items]
Aggregate principal amount		$ 73,737,000			$ 77,708,000
Net gain on repurchase of subordinated debt		780,000	$ 0
Fixed-to-Floating Rate Notes | Subordinated Debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Aggregate principal amount	$ 85,000,000
Interest rate	3.25%
Redemption price percentage	100%
Interest expense, subordinated debt		$ 600,000	$ 700,000
Debt instrument, repurchase amount				$ 4,000,000		$ 3,000,000	$ 3,250,000
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 Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share [Abstract]
Number of antidilutive shares (in shares)	50	44

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
	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share [Abstract]
Net income attributable to Amalgamated Financial Corp.	$ 21,338	$ 14,165
Dividends paid on preferred stock	0	0
Income attributable to common stock	$ 21,338	$ 14,165
Weighted average common shares outstanding, basic (in shares)	30,706	31,107
Basic earnings per common share (in dollars per share)	$ 0.69	$ 0.46
Incremental shares for assumed conversion of options and RSUs (in shares)	233	349
Weighted average common shares outstanding, diluted (in shares)	30,939	31,456
Diluted earnings per common share (in dollars per share)	$ 0.69	$ 0.45

EMPLOYEE BENEFIT PLANS - Stock

EMPLOYEE BENEFIT PLANS - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Number of Options
Outstanding, balance at the beginning of the period (in shares)	426,880
Granted (in shares)	0
Forfeited/expired (in shares)	0
Exercised (in shares)	(29,320)
Outstanding, balance at the end of the period (in shares)	397,560	426,880
Vested and exercisable (in shares)	397,560
Weighted Average Exercise Price
Outstanding, balance at the beginning of the period (in dollars per share)	$ 13.09
Granted (in dollars per share)	0
Forfeited/expired (in dollars per share)	0
Exercised (in dollars per share)	14.56
Outstanding, balance at the end of the period (in dollars per share)	12.99	$ 13.09
Vested and exercisable (in dollars per share)	$ 12.99
Weighted Average Remaining Contractual Term
Options outstanding	3 years	3 years 3 months 18 days
Options vested and exercisable	3 years
Intrinsic Value (in thousands)
Options outstanding	$ 1,870
Options exercisable	$ 1,870

EMPLOYEE BENEFIT PLANS - Narrat

EMPLOYEE BENEFIT PLANS - Narrative (Details) - USD ($)		3 Months Ended
	Apr. 28, 2021	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
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
Intrinsic value		$ 1,870,000
Exercise of stock options, net of repurchases (in shares)		29,320
Grant period		6 months
Common stock, discount on shares		$ 58,100	$ 7,800
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost		0	$ 0
Intrinsic value		$ 1,900,000		$ 4,200,000
Stock repurchased and retired during period (in shares)		3,999
Exercise of stock options, net of repurchases (in shares)			4,019
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost		$ 900,000	$ 500,000
Number of shares authorized for stock-based awards (in shares)		1,250,000
Number of shares available for issuance (in shares)		271,214
Fair value of shares granted (in dollars per share)		$ 23.43
Stock repurchased and retired during period (in shares)		21,738	14,505
Unvested shares (in shares)		511,464		331,023
Restricted Stock Units | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost		$ 100,000	$ 100,000
Restricted Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested shares (in shares)		381,510
Restricted Stock Units | Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)		96,443
Unrecognized compensation cost		$ 7,700,000
Unrecognized compensation cost, period for recognition		3 years 4 months 24 days
Restricted Stock Units | Employee | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of achievable awards (in shares)		576,441
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)		62,945
Fair value of shares granted (in dollars per share)		$ 19.54
Unvested shares (in shares)		129,954		96,970
Performance Shares | Grant Date Fair Value, One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of shares granted (in dollars per share)		$ 23.42
Performance Shares | Grant Date Fair Value, Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)		619
Fair value of shares granted (in dollars per share)		$ 14.45
Performance Shares | Grant Date Fair Value, Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)		2,656
Fair value of shares granted (in dollars per share)		$ 15.23
Performance Shares | Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Number of shares reserved for issuance (in shares)		194,931
Performance Shares | Employee | Grant Date Fair Value, One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)		29,923
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)		44,885
Market-Based Restricted Stock Units | Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)		29,747
Fair value of shares granted (in dollars per share)		$ 23.56
Vesting period		3 years
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)		44,621
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	478,081
Number of shares available for issuance (in shares)		456,162
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)	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Restricted Stock Units
Shares
Unvested at the beginning of the period (in shares) | shares	331,023
Forfeited/expired (in shares) | shares	(5,812)
Vested (in shares) | shares	(40,144)
Unvested at the end of the period (in shares) | shares	511,464
Grant Date Fair Value
Unvested at the beginning of the period (in dollars per share) | $ / shares	$ 17.72
Awarded (in dollars per share) | $ / shares	23.43
Forfeited/expired (in dollars per share) | $ / shares	15.06
Vested (in dollars per share) | $ / shares	16.46
Unvested at the end of the period (in dollars per share) | $ / shares	$ 19.33
Restricted Stock Units | Employee
Shares
Awarded (in shares) | shares	96,443
Performance Shares
Shares
Unvested at the beginning of the period (in shares) | shares	96,970
Awarded (in shares) | shares	62,945
Forfeited/expired (in shares) | shares	(6,013)
Vested (in shares) | shares	(23,948)
Unvested at the end of the period (in shares) | shares	129,954
Grant Date Fair Value
Unvested at the beginning of the period (in dollars per share) | $ / shares	$ 16.37
Awarded (in dollars per share) | $ / shares	19.54
Forfeited/expired (in dollars per share) | $ / shares	15.08
Vested (in dollars per share) | $ / shares	14.82
Unvested at the end of the period (in dollars per share) | $ / shares	$ 16.37

EMPLOYEE BENEFIT PLANS - ESPP (

EMPLOYEE BENEFIT PLANS - ESPP (Details) - Employee Stock - shares	Mar. 31, 2023	Apr. 28, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for stock-based awards (in shares)	478,081	500,000
Purchases (in shares)	(21,919)
Number of shares available for issuance (in shares)	456,162

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	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	$ 1,639,105	$ 1,812,476
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	1,639,105	1,812,476
Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	193	192
Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	1,638,912	1,812,284
Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	0	0
Mortgage-related
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	754,049	807,608
Government sponsored entities ("GSE") residential CMOs ("collateralized mortgage obligations")
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	383,394	389,260
Government sponsored entities ("GSE") residential CMOs ("collateralized mortgage obligations") | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	383,394	389,260
Government sponsored entities ("GSE") residential CMOs ("collateralized mortgage obligations") | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	0	0
Government sponsored entities ("GSE") residential CMOs ("collateralized mortgage obligations") | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	383,394	389,260
Government sponsored entities ("GSE") residential CMOs ("collateralized mortgage obligations") | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	0	0
GSE commercial certificates & CMOs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	167,840	213,786
GSE commercial certificates & CMOs | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	167,840	213,786
GSE commercial certificates & CMOs | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	0	0
GSE commercial certificates & CMOs | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	167,840	213,786
GSE commercial certificates & CMOs | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	0	0
Non-GSE residential certificates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	105,549	107,080
Non-GSE residential certificates | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	105,549	107,080
Non-GSE residential certificates | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at 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]
Available for sale, at fair value	105,549	107,080
Non-GSE residential certificates | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	0	0
Non-GSE commercial certificates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	97,266	97,482
Non-GSE commercial certificates | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	97,266	97,482
Non-GSE commercial certificates | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at 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]
Available for sale, at fair value	97,266	97,482
Non-GSE commercial certificates | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	0	0
Other debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	885,056	1,004,868
U.S. Treasury
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	193	192
U.S. Treasury | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	193	192
U.S. Treasury | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	193	192
U.S. Treasury | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at 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]
Available for sale, at fair value	0	0
Asset backed securities ("ABS")
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	756,184	862,163
Asset backed securities ("ABS") | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	756,184	862,163
Asset backed securities ("ABS") | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	0	0
Asset backed securities ("ABS") | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	756,184	862,163
Asset backed securities ("ABS") | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	0	0
Trust preferred
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	10,078	10,143
Trust preferred | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	10,078	10,143
Trust preferred | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	0	0
Trust preferred | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	10,078	10,143
Trust preferred | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	0	0
Corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	118,601	132,370
Corporate | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	118,601	132,370
Corporate | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	0	0
Corporate | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	118,601	132,370
Corporate | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at 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	Mar. 31, 2023	Dec. 31, 2022
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually analyzed loans	$ 1,852	$ 3,315
Total value of assets measured on non-recurring basis	1,852	3,315
Estimated Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually analyzed loans	1,852	3,315
Total value of assets measured on non-recurring basis	1,852	3,315
Estimated Fair Value | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually analyzed 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]
Individually analyzed 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]
Individually analyzed loans	1,852	3,315
Total value of assets measured on non-recurring basis	$ 1,852	$ 3,315

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	Mar. 31, 2023	Dec. 31, 2022
Financial assets:
Held-to-maturity securities	$ 1,489,155	$ 1,414,871
Financial liabilities:
FHLBNY advances	0	580,000
Other borrowings	140,000	0
Carrying Value
Financial assets:
Cash and cash equivalents	130,897	63,540
Held-to-maturity securities	1,618,507	1,541,301
Loans held for sale	5,653	7,943
Loans receivable, net	4,130,847	4,060,971
Resell agreements	15,431	25,754
Accrued interest and dividends receivable	40,844	41,441
Financial liabilities:
Subordinated debt	73,737	77,708
Accrued interest payable	3,365	1,218
Carrying Value | Deposits payable on demand
Financial liabilities:
Deposits	6,288,780	6,369,087
Carrying Value | Time deposits and brokered CDs
Financial liabilities:
Deposits	752,581	225,950
FHLBNY advances		580,000
Carrying Value | Other borrowings
Financial liabilities:
Other borrowings	140,000
Estimated Fair Value
Financial assets:
Cash and cash equivalents	130,897	63,540
Held-to-maturity securities	1,489,155	1,414,871
Loans held for sale	5,653	7,943
Loans receivable, net	3,743,621	3,718,308
Resell agreements	15,431	25,754
Accrued interest and dividends receivable	40,844	41,441
Financial liabilities:
Subordinated debt	59,358	68,966
Accrued interest payable	3,365	1,218
Estimated Fair Value | Deposits payable on demand
Financial liabilities:
Deposits	6,288,780	6,369,087
Estimated Fair Value | Time deposits and brokered CDs
Financial liabilities:
Deposits	750,820	225,805
FHLBNY advances		580,000
Estimated Fair Value | Other borrowings
Financial liabilities:
Other borrowings	139,420
Estimated Fair Value | Level 1
Financial assets:
Cash and cash equivalents	130,897	63,540
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	138	17
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 and brokered CDs
Financial liabilities:
Deposits	0	0
FHLBNY advances		0
Estimated Fair Value | Level 1 | Other borrowings
Financial liabilities:
Other borrowings	0
Estimated Fair Value | Level 2
Financial assets:
Cash and cash equivalents	0	0
Held-to-maturity securities	575,904	574,609
Loans held for sale	0
Loans receivable, net	0	0
Resell agreements	0	0
Accrued interest and dividends receivable	12,679	12,197
Financial liabilities:
Subordinated debt	59,358	68,966
Accrued interest payable	3,365	1,218
Estimated Fair Value | Level 2 | Deposits payable on demand
Financial liabilities:
Deposits	6,288,780	6,369,087
Estimated Fair Value | Level 2 | Time deposits and brokered CDs
Financial liabilities:
Deposits	750,820	225,805
FHLBNY advances		580,000
Estimated Fair Value | Level 2 | Other borrowings
Financial liabilities:
Other borrowings	139,420
Estimated Fair Value | Level 3
Financial assets:
Cash and cash equivalents	0	0
Held-to-maturity securities	913,251	840,262
Loans held for sale	5,653	7,943
Loans receivable, net	3,743,621	3,718,308
Resell agreements	15,431	25,754
Accrued interest and dividends receivable	28,027	29,227
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 and brokered CDs
Financial liabilities:
Deposits	0	0
FHLBNY advances		$ 0
Estimated Fair Value | Level 3 | Other borrowings
Financial liabilities:
Other borrowings	$ 0

COMMITMENTS, CONTINGENCIES AN_3

COMMITMENTS, CONTINGENCIES AND OFF BALANCE SHEET RISK - Schedule of Financial Instruments Outstanding Representing Credit Risk (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	$ 614,817	$ 753,470
Commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	585,692	723,902
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	$ 29,125	$ 29,568

COMMITMENTS, CONTINGENCIES AN_4

COMMITMENTS, CONTINGENCIES AND OFF BALANCE SHEET RISK - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Reserve for credit risk inherent in off balance sheet credit commitments	$ 4.3		$ 1.6
Allowance for credit losses on off-balance sheet credit exposures	0.1	$ 0.3
Property Assessed Clean Energy Commitments
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Investment obligations, amount fulfilled	519.7
Remaining commitment	$ 112		150
Payments to acquire investments			$ 451.7

LEASES - Lease Cost and Other I

LEASES - Lease Cost and Other Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Leases [Abstract]
Operating lease cost	$ 1,777	$ 2,251
Cash paid for amounts included in the measurement of Operating leases liability	$ 2,813	$ 2,630
Weighted average remaining lease term on operating leases (in years)	3 years 7 months 6 days	4 years 7 months 6 days
Weighted average discount rate used for operating leases liability	3.24%	3.25%

LEASES - Remaining Commitments

LEASES - Remaining Commitments of Operating Lease Payments (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2023	$ 8,480
2024	11,324
2025	10,593
2026	9,200
2027	959
Thereafter	0
Total undiscounted operating lease payments	40,556
Less: present value adjustment	2,223
Total Operating leases liability	$ 38,333	$ 40,779

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 12,936	$ 12,936
Accumulated amortization of intangible assets	$ 5,100

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Schedule of Estimated Amortization Expense (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Total
2023	$ 666
2024	730
2025	574
2026	419
2027	265
Thereafter	229
Total	$ 2,883

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Maximum exposure to credit loss	$ 63,900
Unconsolidated Variable Interest Entities
Variable Interest Entity [Line Items]
Tax credit investments included in equity investments	3,164	$ 3,299
Loans and letters of credit commitments	60,727	60,857
Funded portion of loans and letters of credit commitments	47,398	47,683
Remaining equity investment commitments	$ 19,201	$ 19,201

VARIABLE INTEREST ENTITIES - Ta

VARIABLE INTEREST ENTITIES - Tax Credit Benefit (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Unconsolidated Variable Interest Entities
Variable Interest Entity [Line Items]
Tax credits and other tax benefits recognized	$ 813	$ 668