Amalgamated Financial (AMAL) 10-Q 4 Aug 23 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2023	Aug. 04, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 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		30,456,209
Entity Central Index Key	0001823608
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 4,419	$ 5,110
Interest-bearing deposits in banks	61,296	58,430
Total cash and cash equivalents	65,715	63,540
Securities:
Available for sale, at fair value	1,580,248	1,812,476
Held-to-maturity, at amortized cost	1,654,531	1,541,301
Loans held for sale	2,458	7,943
Loans receivable, net of deferred loan origination costs	4,251,738	4,106,002
Allowance for credit losses	(67,431)	(45,031)
Loans receivable, net	4,184,307	4,060,971
Resell agreements	0	25,754
Federal Home Loan Bank of New York ("FHLBNY") stock, at cost	4,192	29,607
Accrued interest and dividends receivable	44,104	41,441
Premises and equipment, net	8,933	9,856
Bank-owned life insurance	105,951	105,624
Right-of-use lease asset	24,721	28,236
Deferred tax asset, net	63,477	62,507
Goodwill	12,936	12,936
Intangible assets, net	2,661	3,105
Equity method investments	11,657	8,305
Other assets	26,921	29,522
Total assets	7,792,812	7,843,124
Liabilities
Deposits	6,894,651	6,595,037
Subordinated debt, net	73,766	77,708
FHLBNY advances	0	580,000
Other borrowings	230,000	0
Operating leases	35,801	40,779
Other liabilities	29,980	40,645
Total liabilities	7,264,198	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 30,572,606 and 30,700,198 shares outstanding, respectively)	307	307
Additional paid-in capital	286,877	286,947
Retained earnings	349,204	330,275
Accumulated other comprehensive loss, net of income taxes	(105,214)	(108,707)
Treasury stock, at cost (163,535 and zero shares, respectively)	(2,693)	0
Total Amalgamated Financial Corp. stockholders' equity	528,481	508,822
Noncontrolling interests	133	133
Total stockholders' equity	528,614	508,955
Total liabilities and stockholders’ equity	7,792,812	7,843,124
Traditional securities:
Securities:
Held-to-maturity, at amortized cost	617,380	629,424
PACE assessments:
Securities:
Held-to-maturity, at amortized cost	$ 1,037,151	$ 911,877

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Held-to-maturity, allowance for credit losses	$ 707	$ 0
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)	30,572,606	30,700,198
Treasury stock, cost (in shares)	163,535	0
Traditional securities:
Held-to-maturity, allowance for credit losses	$ 57
PACE assessments:
Held-to-maturity, allowance for credit losses	$ 650

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
INTEREST AND DIVIDEND INCOME
Loans	$ 45,360	$ 33,766	$ 90,166	$ 64,893
Securities	39,506	24,352	79,018	43,507
Interest-bearing deposits in banks	1,056	551	1,673	730
Total interest and dividend income	85,922	58,669	170,857	109,130
INTEREST EXPENSE
Deposits	18,816	1,481	32,651	2,883
Borrowed funds	4,121	690	7,942	1,381
Total interest expense	22,937	2,171	40,593	4,264
NET INTEREST INCOME	62,985	56,498	130,264	104,866
Provision for credit losses	3,940	2,912	8,899	5,205
Net interest income after provision for credit losses	59,045	53,586	121,365	99,661
NON-INTEREST INCOME
Trust Department fees	4,006	3,479	7,935	6,970
Service charges on deposit accounts	2,712	2,826	5,166	5,273
Bank-owned life insurance income	546	1,283	1,327	2,097
Losses on sale of securities	(267)	(582)	(3,353)	(420)
Gains on sale of loans, net	2	492	4	335
Equity method investments income (loss)	556	(638)	711	(206)
Other income	389	386	1,360	619
Total non-interest income	7,944	7,246	13,150	14,668
NON-INTEREST EXPENSE
Compensation and employee benefits	21,165	18,046	43,180	35,715
Occupancy and depreciation	3,436	3,457	6,835	6,897
Professional fees	2,759	2,745	4,989	5,560
Data processing	4,082	4,327	8,631	9,511
Office maintenance and depreciation	718	784	1,445	1,509
Amortization of intangible assets	222	261	444	523
Advertising and promotion	1,028	761	2,615	1,615
Federal deposit insurance premiums	1,100	761	1,818	1,427
Other expense	3,019	3,204	6,199	5,986
Total non-interest expense	37,529	34,346	76,156	68,743
Income before income taxes	29,460	26,486	58,359	45,586
Income tax expense	7,818	6,873	15,383	11,808
Net income	$ 21,642	$ 19,613	$ 42,976	$ 33,778
Earnings per common share - basic (in dollars per share)	$ 0.71	$ 0.64	$ 1.40	$ 1.09
Earnings per common share - diluted (in dollars per share)	$ 0.70	$ 0.63	$ 1.39	$ 1.08

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 21,642	$ 19,613	$ 42,976	$ 33,778
Other comprehensive income (loss), net of taxes:
Change in total obligation for postretirement benefits, prior service credit, and other benefits	49	59	97	118
Net unrealized gains (losses) on securities:
Unrealized holding gains (losses) on securities available for sale	(11,681)	(52,334)	418	(116,038)
Reclassification adjustment for losses realized in income	267	582	3,353	417
Accretion of net unrealized loss on securities transferred to held-to-maturity	466	209	954	209
Net unrealized gains (losses) on securities	(10,948)	(51,543)	4,725	(115,412)
Other comprehensive income (loss), before tax	(10,899)	(51,484)	4,822	(115,294)
Income tax benefit (expense)	3,002	14,162	(1,329)	31,717
Total other comprehensive income (loss), net of taxes	(7,897)	(37,322)	3,493	(83,577)
Total comprehensive income (loss), net of taxes	$ 13,745	$ (17,709)	$ 46,469	$ (49,799)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders’ Equity (unaudited) - USD ($) $ in Thousands	Total	Cumulative effect of adoption of ASU No. 2016-13	Balance at January 1, 2023 adjusted for change in accounting principle	Total Stockholders' Equity	Total Stockholders' Equity Cumulative effect of adoption of ASU No. 2016-13	Total Stockholders' Equity Balance at January 1, 2023 adjusted for change in accounting principle	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained Earnings Cumulative effect of adoption of ASU No. 2016-13	Retained Earnings Balance at January 1, 2023 adjusted for change in accounting principle	Accumulated Other Comprehensive Income (Loss)	Treasury Stock, at cost	Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2021							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	33,778			33,778					33,778
Repurchase of common stock (in shares)							(634,520)
Repurchase of common stock	(11,733)			(11,733)			$ (6)	(11,727)
Common stock issued under Employee Stock Purchase Plan (in shares)							17,872
Common stock issued under Employee Stock Purchase Plan	348			348				348
Dividends declared on common stock, net	(4,957)			(4,957)					(4,957)
Exercise of stock options, net of repurchases (in shares)							60,976
Exercise of stock options, net of repurchases	(1,037)			(1,037)			$ 2	(1,039)
Restricted stock units vesting, net of repurchases (in shares)							109,775
Restricted stock units vesting, net of repurchases	(2)			(2)				(2)
Stock-based compensation expense	1,346			1,346				1,346
Other comprehensive income (loss), net of taxes	(83,577)			(83,577)								(83,577)
Ending balance (in shares) at Jun. 30, 2022							30,684,246
Ending balance at Jun. 30, 2022	498,041			497,908			$ 307	286,901	288,868			(78,168)	0	133
Beginning balance (in shares) at Dec. 31, 2021							31,130,143
Beginning balance at Dec. 31, 2021	$ 563,875			563,742			$ 311	297,975	260,047			5,409	0	133
Ending balance (in shares) at Dec. 31, 2022	30,700,198						30,700,198
Ending 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]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13
Beginning balance (in shares) at Mar. 31, 2022							30,995,271
Beginning 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]
Net income	19,613			19,613					19,613
Repurchase of common stock (in shares)							(463,948)
Repurchase of common stock	(8,792)			(8,792)			$ (5)	(8,787)
Common stock issued under Employee Stock Purchase Plan (in shares)							14,967
Common stock issued under Employee Stock Purchase Plan	296			296				296
Dividends declared on common stock, net	(2,467)			(2,467)					(2,467)
Exercise of stock options, net of repurchases (in shares)							54,012
Exercise of stock options, net of repurchases	(732)			(732)			$ 2	(734)
Restricted stock units vesting, net of repurchases (in shares)							83,944
Restricted stock units vesting, net of repurchases	(2)			(2)				(2)
Stock-based compensation expense	685			685				685
Other comprehensive income (loss), net of taxes	(37,322)			(37,322)								(37,322)
Ending balance (in shares) at Jun. 30, 2022							30,684,246
Ending balance at Jun. 30, 2022	$ 498,041			497,908			$ 307	286,901	288,868			(78,168)	0	133
Beginning balance (in shares) at Dec. 31, 2022	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	42,976			42,976					42,976
Repurchase of common stock (in shares)							(267,765)
Repurchase of common stock	(4,582)			(4,582)									(4,582)
Common stock issued under Employee Stock Purchase Plan (in shares)							29,754
Common stock issued under Employee Stock Purchase Plan	514			514				(28)					542
Dividends declared on common stock, net	$ (6,222)			(6,222)					(6,222)
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)							103,788
Restricted stock units vesting, net of repurchases	(844)			(844)				(2,191)					1,347
Stock-based compensation expense	2,240			2,240				2,240
Other comprehensive income (loss), net of taxes	$ 3,493			3,493								3,493
Ending balance (in shares) at Jun. 30, 2023	30,572,606						30,572,606
Ending balance at Jun. 30, 2023	$ 528,614			528,481			$ 307	286,877	349,204			(105,214)	(2,693)	133
Beginning balance (in shares) at Mar. 31, 2023							30,642,299
Beginning 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]
Net income	21,642			21,642					21,642
Repurchase of common stock (in shares)							(138,962)
Repurchase of common stock	(2,157)			(2,157)									(2,157)
Common stock issued under Employee Stock Purchase Plan (in shares)							7,835
Common stock issued under Employee Stock Purchase Plan	126			126				(3)					129
Dividends declared on common stock, net	(3,111)			(3,111)					(3,111)
Restricted stock units vesting, net of repurchases (in shares)							61,434
Restricted stock units vesting, net of repurchases	(350)			(350)				(1,837)					1,487
Stock-based compensation expense	1,203			1,203				1,203
Other comprehensive income (loss), net of taxes	$ (7,897)			(7,897)								(7,897)
Ending balance (in shares) at Jun. 30, 2023	30,572,606						30,572,606
Ending balance at Jun. 30, 2023	$ 528,614			$ 528,481			$ 307	$ 286,877	$ 349,204			$ (105,214)	$ (2,693)	$ 133

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders’ Equity (unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Stockholders' Equity [Abstract]
Dividends (in dollars per share)	$ 0.10	$ 0.08	$ 0.20	$ 0.16

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 42,976	$ 33,778
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,766	1,790
Amortization of intangible assets	444	523
Deferred income tax expense	5,339	2,242
Provision for credit losses	8,899	5,205
Stock-based compensation expense	2,240	1,346
Net amortization on loan fees, costs, premiums, and discounts	224	1,025
Net amortization on securities premiums, discounts, and net unrealized loss on securities transferred to held-to-maturity	789	2,537
OTTI gain recognized in earnings	0	(3)
Net (income) loss from equity method investments	(711)	206
Net loss on sale of securities available for sale	3,353	420
Net gain on sale of loans	(4)	(335)
Net gain on redemption of bank-owned life insurance	(225)	(1,094)
Proceeds from sales of loans held for sale	10,621	10,919
Originations of loans held for sale	(9,242)	(4,831)
Increase in cash surrender value of bank-owned life insurance	(1,102)	(1,003)
Net gain on repurchase of subordinated debt	(780)	0
Increase in accrued interest and dividends receivable	(2,663)	(2,181)
Decrease in other assets	5,276	21,128
Decrease in accrued expenses and other liabilities	(5,087)	(3,579)
Net cash provided by operating activities	62,113	68,093
CASH FLOWS FROM INVESTING ACTIVITIES
Net increase in loans	(147,407)	(346,930)
Purchase of securities available for sale	(40,169)	(623,371)
Purchase of securities held-to-maturity	(155,502)	(358,776)
Proceeds from sales of securities available for sale	174,537	35,951
Maturities, principal payments and redemptions of securities available for sale	82,988	224,026
Maturities, principal payments and redemptions of securities held-to-maturity	41,781	79,570
Decrease in resell agreements	25,754	3,092
Decrease (increase) in equity method investments	(2,641)	379
Decrease in FHLBNY stock, net	25,415	213
Purchases of premises and equipment, net	(843)	(925)
Proceeds from redemption of bank-owned life insurance	980	3,200
Net cash provided by (used in) investing activities	4,893	(983,571)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits	299,614	934,912
Net increase in other borrowings	230,000	0
Net decrease in FHLBNY advances	(580,000)	0
Repurchase of subordinated debt	(3,220)	0
Common stock issued under Employee Stock Purchase Plan	514	348
Repurchase of shares	(4,582)	(11,733)
Dividends paid	(6,222)	(4,957)
Payments related to repurchase of common stock for equity awards	(935)	(1,039)
Net cash provided by (used in) financing activities	(64,831)	917,531
Increase in cash, cash equivalents, and restricted cash	2,175	2,053
Cash, cash equivalents, and restricted cash at beginning of year	63,540	330,485
Cash, cash equivalents, and restricted cash at end period	65,715	332,538
Supplemental disclosures of cash flow information:
Interest paid during the period	36,150	4,278
Income taxes paid during the period	3,344	602
Loans transferred from held-for-sale	4,664	0
Loans transferred to held-for-sale	2,381	8,140
Securities available for sale transferred to held-to-maturity	$ 0	$ 260,112

BASIS OF PRESENTATION AND CONSO

BASIS OF PRESENTATION AND CONSOLIDATION	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 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 issued 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 and commercial mortgage-backed securities held by the Company 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 assessments") - PACE assessments 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 and six months ended June 30, 2023.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS The following is a summary of the accumulated comprehensive loss balances, net of income taxes: Balance as of Current Income Tax Balance as of June 30, 2023 (In thousands) Unrealized gains (losses) on benefits plans $ (1,652) $ 97 $ (27) $ (1,582) Unrealized gains (losses) on available for sale securities (95,539) 3,771 (1,039) (92,807) Unaccreted unrealized loss on securities transferred to held-to-maturity (11,516) 954 (263) (10,825) Total $ (108,707) $ 4,822 $ (1,329) $ (105,214) Balance as of January 1, 2022 Current Income Tax Balance as of June 30, 2022 (In thousands) Unrealized gains (losses) on benefits plans $ (2,102) $ 118 $ (32) $ (2,016) Unrealized gains (losses) on available for sale securities 7,511 (115,412) 31,749 (76,152) Total $ 5,409 $ (115,294) $ 31,717 $ (78,168) Other comprehensive income (loss) components and related income tax effects were as follows: Three Months Ended Six Months Ended 2023 2022 2023 2022 (In thousands) Postretirement Benefit Plans Change in obligation for postretirement benefits and for prior service credit $ 40 $ 44 $ 80 $ 102 Reclassification adjustment for prior service expense included in compensation and employee benefits 7 7 14 — Change in obligation for other benefits 2 8 3 16 Change in total obligation for postretirement benefits and for prior service credit and for other benefits 49 59 97 118 Income tax expense (14) (16) (27) (32) Net change in total obligation for postretirement benefits and prior service credit and for other benefits 35 43 70 86 Securities Unrealized holding gains (losses) on available for sale securities (11,681) (52,334) 418 (116,038) Reclassification adjustment for losses realized in loss on sale of securities 267 582 3,353 417 Accretion of net unrealized loss on securities transferred to held-to-maturity recognized in interest income from securities 466 209 954 209 Change in unrealized gains (losses) on available for sale securities (10,948) (51,543) 4,725 (115,412) Income tax benefit (expense) 3,016 14,178 (1,302) 31,749 Net change in unrealized gains (losses) on securities (7,932) (37,365) 3,423 (83,663) Total $ (7,897) $ (37,322) $ 3,493 $ (83,577)

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
	Jun. 30, 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 June 30, 2023 are as follows: June 30, 2023 (In thousands) Amortized Gross Gross Fair Available for sale: Mortgage-related: Government sponsored entities ("GSE") residential CMOs ("collateralized mortgage obligations") $ 406,801 $ 25 $ (38,168) $ 368,658 GSE commercial certificates & CMO 148,014 — (8,522) 139,492 Non-GSE residential certificates 116,941 — (15,568) 101,373 Non-GSE commercial certificates 106,510 — (10,827) 95,683 778,266 25 (73,085) 705,206 Other debt: U.S. Treasury 199 — (5) 194 ABS 759,953 115 (31,671) 728,397 Trust preferred 10,990 — (856) 10,134 Corporate 136,077 — (22,216) 113,861 Residential PACE assessments 22,861 — (405) 22,456 930,080 115 (55,153) 875,042 Total available for sale $ 1,708,346 $ 140 $ (128,238) $ 1,580,248 Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value Held-to-maturity: Traditional securities: GSE residential CMOs $ 66,982 $ — $ (4,698) $ 62,284 GSE commercial certificates 89,859 — (11,235) 78,624 GSE residential certificates 420 — (18) 402 Non-GSE commercial certificates 32,651 — (3,270) 29,381 Non-GSE residential certificates 48,599 — (5,506) 43,093 ABS 284,377 — (11,904) 272,473 Municipal 94,549 — (17,684) 76,865 617,437 — (54,315) 563,122 PACE assessments: Commercial PACE assessments 262,093 — (38,136) 223,957 Residential PACE assessments 775,708 — (85,846) 689,862 1,037,801 — (123,982) 913,819 Allowance for credit losses (707) Total held-to-maturity $ 1,654,531 $ — $ (178,297) $ 1,476,941 As of June 30, 2023, available for sale securities with a fair value of $937.0 million and held-to-maturity securities with a fair value of $425.4 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 & CMO 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: Traditional securities: 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 ABS 288,682 — (15,175) 273,507 Municipal 95,485 — (15,999) 79,486 Other 2,000 — — 2,000 629,424 9 (54,824) 574,609 PACE assessments: Commercial PACE assessments 255,424 — (26,782) 228,642 Residential PACE assessments 656,453 — (44,833) 611,620 911,877 — (71,615) 840,262 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 or six months ended June 30, 2023. The Company reassessed the classification of certain investments during the three months ended June 30, 2022 and transferred securities with a book value of $277.3 million from available-for-sale to held-to-maturity. The transfer occurred at a fair value totaling $260.1 million. The related unrealized losses of $17.1 million were converted to a discount that is being accreted through interest income on a level-yield method over the term of the securities, while the unrealized losses recorded in other comprehensive income are amortized out of other comprehensive income through interest income on a level-yield method over the remaining term of securities, with no net change to interest income. No gain or loss was recorded at the time of transfer. The following table summarizes the amortized cost and fair value of debt securities available for sale and held-to-maturity, exclusive of mortgage-backed securities, by their contractual maturity as of June 30, 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 $ 195 $ — $ — Due after one year through five years 68,309 61,111 9,429 8,907 Due after five years through ten years 357,921 338,763 10,552 9,674 Due after ten years 503,651 474,973 1,396,746 1,244,576 $ 930,080 $ 875,042 $ 1,416,727 $ 1,263,157 Three Months Ended, Six Months Ended, June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 (In thousands) Proceeds $ 29,232 $ 35,789 $ 174,537 $ 35,951 Realized gains $ — $ — $ — $ 162 Realized losses (267) (582) (3,353) (582) Net realized losses $ (267) $ (582) $ (3,353) $ (420) There were no sales of held-to-maturity securities during the three or six months ended June 30, 2023 or the three or six months ended June 30, 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 June 30, 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: June 30, 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 $ 39,625 $ 2,170 $ 324,083 $ 35,998 $ 363,708 $ 38,168 GSE commercial certificates & CMO 39,904 831 99,588 7,691 139,492 8,522 Non-GSE residential certificates — — 101,373 15,568 101,373 15,568 Non-GSE commercial certificates — — 95,683 10,827 95,683 10,827 Other debt: U.S. Treasury — — 194 5 194 5 ABS 20,924 1,522 680,461 30,149 701,385 31,671 Trust preferred — — 10,134 856 10,134 856 Corporate — — 113,861 22,216 113,861 22,216 Residential PACE assessments 22,456 405 — — 22,456 405 Total available for sale $ 122,909 $ 4,928 $ 1,425,377 $ 123,310 $ 1,548,286 $ 128,238 Less Than Twelve Months Twelve Months or Longer Total Fair Value Unrecognized Fair Value Unrecognized Fair Value Unrecognized Held-to-maturity: Traditional securities: GSE CMOs $ — $ — $ 62,284 $ 4,698 $ 62,284 $ 4,698 GSE commercial certificates 16,814 1,134 61,810 10,101 78,624 11,235 GSE residential certificates — — 402 18 402 18 Non GSE commercial certificates — — 29,262 3,270 29,262 3,270 Non GSE residential certificates — — 43,093 5,506 43,093 5,506 ABS 6,987 310 265,486 11,594 272,473 11,904 Municipal 15,841 603 61,024 17,081 76,865 17,684 PACE assessments: Commercial PACE assessments 43,959 5,522 179,998 32,614 223,957 38,136 Residential PACE assessments 287,408 22,608 402,454 63,238 689,862 85,846 Total held-to-maturity $ 371,009 $ 30,177 $ 1,105,813 $ 148,120 $ 1,476,822 $ 178,297 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 & CMO 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: Traditional securities: 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 ABS 224,279 11,078 49,228 4,097 273,507 15,175 Municipal 48,190 5,866 31,296 10,133 79,486 15,999 PACE assessments: Commercial PACE assessments 228,642 26,782 — — 228,642 26,782 Residential PACE assessments 611,620 44,833 — — 611,620 44,833 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 Current Expected Credit Losses ("CECL") standard, no allowance for credit losses was recorded on available for sale securities. During the three months 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. The sale of the security in the second quarter of 2023 resulted in an immaterial additional loss. During the three months ended June 30, 2023, no available for sale securities were charged-off. As of June 30, 2023, 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 June 30, 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 June 30, 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 assessments, which are generally not rated, our traditional 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 assessments 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 June 30, 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 $26.0 million and $22.4 million at June 30, 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 June 30, 2023: (In thousands) Non-GSE commercial certificates Commercial PACE Residential PACE Total Allowance for credit losses: Beginning balance $ 58 $ 262 $ 367 $ 687 Provision for (recovery of) credit losses (1) — 21 20 Charge-offs — — — — Recoveries — — — — Ending balance $ 57 $ 262 $ 388 $ 707 The following table presents the activity in the allowance for credit losses for securities held-to-maturity for the six months ended June 30, 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 (2) 7 60 65 Charge-offs (26) — — (26) Recoveries — — — — Ending balance $ 57 $ 262 $ 388 $ 707

LOANS RECEIVABLE, NET

LOANS RECEIVABLE, NET	6 Months Ended
	Jun. 30, 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 June 30, 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. Loans receivable are summarized as follows: June 30, December 31, (In thousands) Commercial and industrial $ 949,403 $ 925,641 Multifamily 1,095,752 967,521 Commercial real estate 333,340 335,133 Construction and land development 28,664 37,696 Total commercial portfolio 2,407,159 2,265,991 Residential real estate lending 1,388,571 1,371,779 Consumer solar 411,873 416,849 Consumer and other 44,135 47,150 Total retail portfolio 1,844,579 1,835,778 Total loans receivable 4,251,738 4,101,769 Net deferred loan origination costs — 4,233 Total loans receivable, net of deferred loan origination costs 4,251,738 4,106,002 Allowance for credit losses (67,431) (45,031) Total loans receivable, net $ 4,184,307 $ 4,060,971 The following table presents information regarding the past due status of the Company’s loans as of June 30, 2023: 30-89 Days Non- 90 Days or Total Past Current Total Loans (In thousands) Commercial and industrial $ — $ 7,575 $ — $ 7,575 $ 941,828 $ 949,403 Multifamily 2,308 2,376 — 4,684 1,091,068 1,095,752 Commercial real estate 9,700 4,660 — 14,360 318,980 333,340 Construction and land development 2,424 13,467 — 15,891 12,773 28,664 Total commercial portfolio 14,432 28,078 — 42,510 2,364,649 2,407,159 Residential real estate lending 1,649 2,470 — 4,119 1,384,452 1,388,571 Consumer solar 3,522 2,811 6,333 405,540 411,873 Consumer and other 1,023 325 — 1,348 42,787 44,135 Total retail portfolio 6,194 5,606 — 11,800 1,832,779 1,844,579 $ 20,626 $ 33,684 $ — $ 54,310 $ 4,197,428 $ 4,251,738 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 and six months ended June 30, 2023: Term Extension Term Extension Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 (Dollars in thousands) Amortized Cost % of Portfolio Amortized Cost % of Portfolio Commercial and industrial $ — — % $ 583 0.1 % Multifamily 327 0.0 % 327 0.0 % Commercial real estate 1,059 0.3 % 1,907 0.6 % Construction and land development — — % 6,887 24.0 % The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty: Term Extension Three Months Ended June 30, 2023 Multifamily Modification added a weighted average 1.0 years to the life of the modified loan. Commercial real estate Modification added a weighted average 1.0 years to the life of the modified loan. Term Extension Six Months Ended June 30, 2023 Commercial and industrial Modification added a weighted average 1.0 years to the life of the modified loan. Multifamily Modification added a weighted average 1.0 years to the life of the modified loan. Commercial real estate Modifications added a weighted average 0.8 years to the life of the modified loans. Construction and land development Modifications added a weighted average 0.8 years to the life of the modified loans. Two and six loans were permanently modified in the three and six months ended June 30, 2023, respectively and no loans that were modified had a payment default during the three and six months ended June 30, 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 June 30, 2023: Term Loans by Origination Year (In thousands) 2023 2022 2021 2020 2019 & Prior Revolving loans Revolving Loans Converted to Term Total Commercial and Industrial: Pass $ 54,758 $ 206,133 $ 216,803 $ 93,760 $ 164,604 $ 179,813 $ — $ 915,871 Special Mention — — — 4,173 1,911 — — 6,084 Substandard — — — 5,156 20,113 2,179 — 27,448 Doubtful — — — — — — — — Total commercial and industrial $ 54,758 $ 206,133 $ 216,803 $ 103,089 $ 186,628 $ 181,992 $ — $ 949,403 Current period gross charge-offs $ — $ — $ — $ — $ 1,726 $ — $ — $ 1,726 Multifamily: Pass $ 104,315 $ 383,753 $ 45,735 $ 138,991 $ 404,898 $ 3 $ — $ 1,077,695 Special Mention — — — — 13,373 — — 13,373 Substandard — — — — 4,684 — — 4,684 Doubtful — — — — — — — — Total multifamily $ 104,315 $ 383,753 $ 45,735 $ 138,991 $ 422,955 $ 3 $ — $ 1,095,752 Current period gross charge-offs $ — $ — $ — $ — $ 1,127 $ — $ — $ 1,127 Commercial real estate: — Pass $ 36,975 $ 43,299 $ 49,204 $ 36,579 $ 134,890 $ 2,931 $ — $ 303,878 Special Mention — — — — 24,788 — — 24,788 Substandard — — — 1,907 2,767 — — 4,674 Doubtful — — — — — — — — Total commercial real estate $ 36,975 $ 43,299 $ 49,204 $ 38,486 $ 162,445 $ 2,931 $ — $ 333,340 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Construction and land development: Pass $ — $ — $ — $ — $ 7,605 $ 5,168 $ — $ 12,773 Special Mention — — — — — — — — Substandard — — — — — 15,891 — 15,891 Doubtful — — — — — — — — Total construction and land development $ — $ — $ — $ — $ 7,605 $ 21,059 $ — $ 28,664 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential real estate lending: Pass $ 58,581 $ 419,947 $ 343,544 $ 138,079 $ 423,366 $ 2,715 $ — $ 1,386,232 Special Mention — — — — — — — — Substandard — 756 — 293 1,290 — — 2,339 Doubtful — — — — — — — — Total residential real estate lending $ 58,581 $ 420,703 $ 343,544 $ 138,372 $ 424,656 $ 2,715 $ — $ 1,388,571 Current period gross charge-offs $ — $ — $ — $ — $ 59 $ — $ — $ 59 Consumer solar: Pass $ 14,895 $ 109,512 $ 137,157 $ 76,696 $ 71,108 $ — $ — $ 409,368 Special Mention — — — — — — — — Substandard — 875 663 785 182 — — 2,505 Doubtful — — — — — — — — Total consumer solar $ 14,895 $ 110,387 $ 137,820 $ 77,481 $ 71,290 $ — $ — $ 411,873 Current period gross charge-offs $ — $ 673 $ 1,530 $ 1,089 $ 339 $ — $ — $ 3,631 Consumer and other: Pass $ 2,349 $ 15,895 $ 12,833 $ — $ 12,733 $ — $ — $ 43,810 Special Mention — — — — — — — — Substandard 2 272 51 — — — — 325 Doubtful — — — — — — — — Total consumer and other $ 2,351 $ 16,167 $ 12,884 $ — $ 12,733 $ — $ — $ 44,135 Current period gross charge-offs $ — $ — $ — $ — $ 239 $ — $ — $ 239 Total Loans: Pass $ 271,873 $ 1,178,539 $ 805,276 $ 484,105 $ 1,219,204 $ 190,630 $ — $ 4,149,627 Special Mention — — — 4,173 40,072 — — 44,245 Substandard 2 1,903 714 8,141 29,036 18,070 — 57,866 Doubtful — — — — — — — — Total loans $ 271,875 $ 1,180,442 $ 805,990 $ 496,419 $ 1,288,312 $ 208,700 $ — $ 4,251,738 Current period gross charge-offs $ — $ 673 $ 1,530 $ 1,089 $ 3,490 $ — $ — $ 6,782 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 June 30, 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 $ 16,473 $ 7,030 $ 2,455 $ 354 $ 14,849 $ 22,762 $ 3,400 $ 67,323 Provision for (recovery of) credit losses 2,008 (633) (170) (30) 337 1,649 (45) 3,116 Charge-offs (1,726) — — — (1) (1,824) (221) (3,772) Recoveries 38 — — — 89 631 6 764 Ending Balance $ 16,793 $ 6,397 $ 2,285 $ 324 $ 15,274 $ 23,218 $ 3,140 $ 67,431 The activities in the allowance by portfolio for the three months ended June 30, 2022 are as follows: (In thousands) Commercial and Industrial Multifamily Commercial Real Estate Construction and Land Development Residential Real Estate Lending Consumer and Other Total Allowance for loan losses: Beginning balance $ 12,169 $ 4,232 $ 6,840 $ 654 $ 9,336 $ 4,311 $ 37,542 Provision for (recovery of) loan losses 2,442 165 (1,114) 54 1,076 289 2,912 Charge-offs — — — — (782) (995) (1,777) Recoveries 6 — — 1 674 119 800 Ending Balance $ 14,617 $ 4,397 $ 5,726 $ 709 $ 10,304 $ 3,724 $ 39,477 The activities in the allowance by portfolio for the six months ended June 30, 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 1,745 1,603 (21) (35) 600 2,974 (138) 6,728 Charge-offs (1,726) (1,127) — — (59) (3,631) (239) (6,782) Recoveries 42 — — — 327 842 14 1,225 Ending Balance - ACL $ 16,793 $ 6,397 $ 2,285 $ 324 $ 15,274 $ 23,218 $ 3,140 $ 67,431 The activities in the allowance by portfolio for the six months ended June 30, 2022 are as follows: (In thousands) Commercial and Industrial Multifamily Commercial Real Estate Construction and Land Development Residential Real Estate Lending Consumer and Other Total Allowance for loan losses: Beginning balance $ 10,652 $ 4,760 $ 7,273 $ 405 $ 9,008 $ 3,768 $ 35,866 Provision for (recovery of) loan losses 3,953 53 (1,547) 302 792 1,652 5,205 Charge-offs — (416) — — (821) (1,863) (3,100) Recoveries 12 — — 2 1,325 167 1,506 Ending Balance $ 14,617 $ 4,397 $ 5,726 $ 709 $ 10,304 $ 3,724 $ 39,477 The amortized cost basis of loans on nonaccrual status and the specific allowance as of June 30, 2023 are as follows: Nonaccrual with No Allowance Nonaccrual with Allowance Reserve (In thousands) Commercial and industrial $ 654 $ 6,921 $ 4,259 Multifamily — 2,376 538 Commercial real estate 4,660 — — Construction and land development 8,803 4,664 197 Total commercial portfolio 14,117 13,961 4,994 Residential real estate lending 2,470 — — Consumer solar 2,811 — — Consumer and other 325 — — Total retail portfolio 5,606 — — $ 19,723 $ 13,961 $ 4,994 The below table summarizes collateral dependent loans which were individually evaluated to determine expected credit losses as of June 30, 2023: Real Estate Collateral Dependent Associated Allowance for Credit Losses (In thousands) Multifamily $ 2,376 $ 538 Commercial real estate 4,673 — Construction and land development 18,667 197 $ 25,716 $ 735 As of June 30, 2023 and December 31, 2022, mortgage loans with an unpaid principal balance of $2.16 billion and $819.4 million, respectively, were pledged to the FHLBNY to secure outstanding advances, letters of credit and to provide additional borrowing potential. There were $1.6 million in related party loans outstanding as of June 30, 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	6 Months Ended
	Jun. 30, 2023
Statistical Disclosure for Banks [Abstract]
DEPOSITS	DEPOSITS Deposits are summarized as follows: June 30, 2023 December 31, 2022 Amount Weighted Average Rate Amount Weighted Average Rate (In thousands) Non-interest-bearing demand deposit accounts $ 2,958,104 0.00 % $ 3,331,067 0.00 % NOW accounts 199,262 0.95 % 206,434 0.73 % Money market deposit accounts 2,744,411 2.02 % 2,445,396 0.94 % Savings accounts 363,058 1.04 % 386,190 0.75 % Time deposits 161,335 1.77 % 151,699 2.57 % Brokered CDs 468,481 5.02 % 74,251 3.84 % $ 6,894,651 1.27 % $ 6,595,037 0.52 % The scheduled maturities of time deposits and brokered CDs as of June 30, 2023 are as follows: (In thousands) Balance 2023 $ 450,989 2024 53,986 2025 35,654 2026 34,682 2027 28,746 Thereafter 25,759 $ 629,816 Time deposits of greater than $250,000 totaled $30.8 million as of June 30, 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 $48.0 million and $28.3 million as of June 30, 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 $92.3 million as of June 30, 2023 and $52.2 million as of December 31, 2022. Included in total deposits are state and municipal deposits totaling $35.7 million and $88.3 million as of June 30, 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	6 Months Ended
	Jun. 30, 2023
Advance from Federal Home Loan Bank [Abstract]
BORROWED FUNDS	BORROWED FUNDSFHLBNY 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 June 30, 2023, the value of the other eligible assets had an estimated market value net of haircut totaling $2.00 billion (comprised of securities of $394.3 million and mortgage loans of $1.60 billion). The fair value of assets pledged to the FHLBNY is required to exceed outstanding advances. There were no outstanding FHLB advances as of June 30, 2023 and $580.0 million in outstanding FHLBNY advances as of December 31, 2022. For the three months ended June 30, 2023, and 2022, interest expense on FHLBNY advances was $1.4 million and zero, respectively. For the six months ended June 30, 2023, and 2022, interest expense on FHLBNY advances was $4.4 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 non-affiliated banks with which a correspondent banking relationship exists. At June 30, 2023, and December 31, 2022 there was no outstanding balance related to federal funds purchased. In addition, following the recent bank failures, 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 June 30, 2023, there was an outstanding balance of $230.0 million related to the BTFP, and no outstanding balance at December 31, 2022. For the three months ended June 30, 2023, and 2022, interest expense on other borrowings was $2.1 million and zero, respectively. For the six months ended June 30, 2023, and 2022, interest expense on other borrowings was $2.3 million and zero, respectively.

SUBORDINATED DEBT

SUBORDINATED DEBT	6 Months Ended
	Jun. 30, 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 June 30, 2023 and 2022 was $0.6 million and $0.7 million, respectively. Interest expense on subordinated debt for the six months ended June 30, 2023 and 2022 was $1.2 million and $1.4 million, respectively. 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. There were no gains on repurchases of subordinated debt for the three months ended June 30, 2023 or 2022. Gains on repurchases of subordinated debt for the six months ended June 30, 2023 and 2022 were $0.8 million and zero, respectively, and are recorded in Non-interest income - other on the consolidated statements of income.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 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. For the three months ended June 30, 2023 and June 30, 2022, we had 74 thousand and 5 thousand anti-dilutive shares, respectively. For the six months ended June 30, 2023 and June 30, 2022, we had 84 thousand and 32 thousand anti-dilutive shares, respectively. Following is a table setting forth the factors used in the earnings per share computation follow: Three Months Six Months Ended 2023 2022 2023 2022 (In thousands, except per share amounts) Income attributable to common stock $ 21,642 $ 19,613 $ 42,976 $ 33,778 Weighted average common shares outstanding, basic 30,619 30,818 30,662 30,962 Basic earnings per common share $ 0.71 $ 0.64 $ 1.40 $ 1.09 Income attributable to common stock $ 21,642 $ 19,613 $ 42,976 $ 33,778 Weighted average common shares outstanding, basic 30,619 30,818 30,662 30,962 Incremental shares from assumed conversion of options and RSUs 157 371 158 371 Weighted average common shares outstanding, diluted 30,776 31,189 30,820 31,333 Diluted earnings per common share $ 0.70 $ 0.63 $ 1.39 $ 1.08

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	6 Months Ended
	Jun. 30, 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 June 30, 2023 follows: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Intrinsic Value (in thousands) Outstanding, January 1, 2023 426,880 $ 13.09 3.3 years Granted — — — Forfeited/ Expired — — — Exercised (29,320) 14.56 — Outstanding, June 30, 2023 397,560 12.99 2.8 years $ 1,234 Vested and Exercisable, June 30, 2023 397,560 $ 12.99 2.8 years $ 1,234 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 and six months ended June 30, 2023 or for the three and six months ended June 30, 2022 as all options had been fully expensed as of December 31, 2020. The fair value of all awards outstanding as of June 30, 2023 and December 31, 2022 was $1.2 million and $4.2 million, respectively. No cash was received for options exercised in the three and six months ended June 30, 2023 or for the three and six months ended June 30, 2022. The Company repurchased 3,999 shares and 4,019 shares for options exercised in the six months ended June 30, 2023 and June 30, 2022, respectively. Restricted Stock Units: The Amalgamated Financial Corp. 2023 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 1,300,000 of which 1,265,610 shares were available for issuance as of June 30, 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 for the six months ended June 30, 2023 follows: Shares Grant Date Fair Value Unvested, January 1, 2023 331,023 $ 17.72 Awarded 135,837 20.95 Forfeited/Expired (8,294) 15.74 Vested (124,970) 16.66 Unvested, June 30, 2023 333,596 $ 19.48 A summary of the status of the Company’s performance-based vesting RSUs for the six months ended June 30, 2023 follows: Shares Grant Date Fair Value Unvested, January 1, 2023 96,970 $ 16.37 Awarded 62,945 19.54 Forfeited/Expired (6,013) 15.08 Vested (23,948) 14.82 Unvested, June 30, 2023 129,954 $ 16.37 During the six months ended June 30, 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 six months ended June 30, 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 six months ended June 30, 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 June 30, 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 45,130 shares and 42,371 shares for RSUs vested in the six months ended June 30, 2023 and 2022, respectively. Of the 463,550 unvested RSUs and PSUs on June 30, 2023, the minimum units that will vest, solely due to a service test, are 333,596. The maximum units that will vest, assuming the highest payout on performance and market-based units, are 528,527. Compensation expense attributable to RSUs and PSUs was $1.1 million and $2.0 million for the three and six months ended June 30, 2023, and $0.6 million and $1.1 million for the three and six months ended June 30, 2022. Other expenses for directors were $0.1 million and $0.2 million for the three and six months ended June 30, 2023, and $0.1 million and $0.3 million for the three and six months ended June 30, 2022. As of June 30, 2023, there was $7.5 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 2.0 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) June 30, 2023 (7,835) (29,754) Remaining shares available for purchase at June 30, 2023 448,327

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 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: June 30, 2023 (In thousands) Level 1 Level 2 Level 3 Total Available for sale securities: Mortgage-related: GSE residential CMOs $ — $ 368,658 $ — $ 368,658 GSE commercial certificates & CMO — 139,492 — 139,492 Non-GSE residential certificates — 101,373 — 101,373 Non-GSE commercial certificates — 95,683 — 95,683 Other debt: U.S. Treasury 194 — — 194 ABS — 728,397 — 728,397 Trust preferred — 10,134 — 10,134 Corporate — 113,861 — 113,861 Residential PACE — — 22,456 22,456 Total assets carried at fair value $ 194 $ 1,557,598 $ 22,456 $ 1,580,248 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 & CMO — 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: June 30, 2023 (In thousands) Carrying Value Level 1 Level 2 Level 3 Estimated Fair Value Fair Value Measurements: Individually analyzed loans $ 6,306 $ — $ — $ 6,306 $ 6,306 $ 6,306 $ — $ — $ 6,306 $ 6,306 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: June 30, 2023 (In thousands) Carrying Value Level 1 Level 2 Level 3 Estimated Fair Value Financial assets: Cash and cash equivalents $ 65,715 $ 65,715 $ — $ — $ 65,715 Held-to-maturity securities 1,654,531 — 563,122 913,819 1,476,941 Loans held for sale 2,458 — — 2,458 2,458 Loans receivable, net 4,184,307 — — 3,833,150 3,833,150 Accrued interest receivable 44,104 27 12,434 31,643 44,104 Financial liabilities: Deposits payable on demand 6,264,835 — 6,264,835 — 6,264,835 Time deposits and brokered CDs 629,816 — 625,002 — 625,002 Other borrowings 230,000 — 228,258 — 228,258 Subordinated debt, net 73,766 — 59,013 — 59,013 Accrued interest payable 5,661 — 5,661 — 5,661 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, net 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	6 Months Ended
	Jun. 30, 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: June 30, 2023 December 31, 2022 (In thousands) Commitments to extend credit $ 641,697 $ 723,902 Standby letters of credit 23,095 29,568 Total $ 664,792 $ 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 $5.1 million as of June 30, 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 $0.8 million and $0.9 million for the three and six months ended June 30, 2023, and the expense related to off balance sheet credit commitments in other non-interest expense was $0.0 million and $0.3 million for the three and six months ended June 30, 2022. Investment 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 December 2023. As of June 30, 2023, the Company had purchased $599.3 million of these obligations and had an estimated remaining commitment of $132.4 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 Note 14.

LEASES

LEASES	6 Months Ended
	Jun. 30, 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 June 30, 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 Six Months Ended 2023 2022 2023 2022 (In thousands) Operating lease cost $ 1,795 $ 2,257 $ 3,572 $ 4,508 Cash paid for amounts included in the measurement of operating leases liability $ 2,816 $ 2,632 $ 5,629 $ 5,262 Note: Sublease income and variable income or expense considered immaterial The weighted average remaining lease term on operating leases at June 30, 2023 and June 30, 2022 was 3.3 years and 4.4 years, respectively. The weighted average discount rate used for the operating lease liability was 3.23% and 3.25% at June 30, 2023 and June 30, 2022, respectively. The following table presents the remaining commitments for operating lease payments for the next five years and thereafter, as well as a reconciliation to the discounted operating leases liability recorded in the Consolidated Statements of Financial Condition as of June 30, 2023: (In thousands) As of June 30, 2023 2023 $ 5,665 2024 11,324 2025 10,593 2026 9,200 2027 959 Thereafter — Total undiscounted operating lease payments 37,741 Less: present value adjustment 1,940 Total Operating leases liability $ 35,801

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 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, 2023 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 is more likely than not that goodwill was not impaired as of June 30, 2023. Changes in certain assumptions used in the Company's assessment could result in significant differences in the results of the impairment test. Should market conditions or management’s assumptions change significantly in the future, an impairment to goodwill is possible. At June 30, 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 $ 444 2024 730 2025 574 2026 419 2027 265 Thereafter 229 Total $ 2,661 Accumulated amortization of the core deposit intangible was $6.4 million as of June 30, 2023. Amortization expense recognized on the core deposit intangible was $0.2 million and $0.3 million for the three months ended June 30, 2023 and June 30, 2022, respectively, and $0.4 million and $0.5 million for the six months ended June 30, 2023 and June 30, 2022, respectively.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	6 Months Ended
	Jun. 30, 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 June 30, 2023, the Company's maximum exposure to loss is $66.9 million. June 30, 2023 December 31, 2022 (In thousands) Unconsolidated Variable Interest Entities Tax credit investments included in equity investments $ 6,651 $ 3,299 Loans and letters of credit commitments 60,276 60,857 Funded portion of loans and letters of credit commitments 53,945 47,683 The following table summarizes the tax benefits conveyed by the Company’s solar generation VIE investments: Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 (In thousands) Tax credits and other tax benefits recognized $ 813 $ 668 $ 1,600 $ 1,336

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net income	$ 21,642	$ 19,613	$ 42,976	$ 33,778

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

BASIS OF PRESENTATION AND CON_2

BASIS OF PRESENTATION AND CONSOLIDATION (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Accounting	The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America, or GAAP and predominant practices within the banking industry. The Company uses the accrual basis of accounting for financial statement purposes.
Consolidation	The accompanying unaudited consolidated financial statements 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 and six months ended June 30, 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”).
Treasury stock	Treasury stock - Treasury stock is carried at cost. Shares issued out of treasury are valued based on the weighted average cost.
Recently Adopted Accounting Standards	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)	6 Months Ended
	Jun. 30, 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 LOSS (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Schedule Other Comprehensive Loss	The following is a summary of the accumulated comprehensive loss balances, net of income taxes: Balance as of Current Income Tax Balance as of June 30, 2023 (In thousands) Unrealized gains (losses) on benefits plans $ (1,652) $ 97 $ (27) $ (1,582) Unrealized gains (losses) on available for sale securities (95,539) 3,771 (1,039) (92,807) Unaccreted unrealized loss on securities transferred to held-to-maturity (11,516) 954 (263) (10,825) Total $ (108,707) $ 4,822 $ (1,329) $ (105,214) Balance as of January 1, 2022 Current Income Tax Balance as of June 30, 2022 (In thousands) Unrealized gains (losses) on benefits plans $ (2,102) $ 118 $ (32) $ (2,016) Unrealized gains (losses) on available for sale securities 7,511 (115,412) 31,749 (76,152) Total $ 5,409 $ (115,294) $ 31,717 $ (78,168)
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 Six Months Ended 2023 2022 2023 2022 (In thousands) Postretirement Benefit Plans Change in obligation for postretirement benefits and for prior service credit $ 40 $ 44 $ 80 $ 102 Reclassification adjustment for prior service expense included in compensation and employee benefits 7 7 14 — Change in obligation for other benefits 2 8 3 16 Change in total obligation for postretirement benefits and for prior service credit and for other benefits 49 59 97 118 Income tax expense (14) (16) (27) (32) Net change in total obligation for postretirement benefits and prior service credit and for other benefits 35 43 70 86 Securities Unrealized holding gains (losses) on available for sale securities (11,681) (52,334) 418 (116,038) Reclassification adjustment for losses realized in loss on sale of securities 267 582 3,353 417 Accretion of net unrealized loss on securities transferred to held-to-maturity recognized in interest income from securities 466 209 954 209 Change in unrealized gains (losses) on available for sale securities (10,948) (51,543) 4,725 (115,412) Income tax benefit (expense) 3,016 14,178 (1,302) 31,749 Net change in unrealized gains (losses) on securities (7,932) (37,365) 3,423 (83,663) Total $ (7,897) $ (37,322) $ 3,493 $ (83,577)

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2023 are as follows: June 30, 2023 (In thousands) Amortized Gross Gross Fair Available for sale: Mortgage-related: Government sponsored entities ("GSE") residential CMOs ("collateralized mortgage obligations") $ 406,801 $ 25 $ (38,168) $ 368,658 GSE commercial certificates & CMO 148,014 — (8,522) 139,492 Non-GSE residential certificates 116,941 — (15,568) 101,373 Non-GSE commercial certificates 106,510 — (10,827) 95,683 778,266 25 (73,085) 705,206 Other debt: U.S. Treasury 199 — (5) 194 ABS 759,953 115 (31,671) 728,397 Trust preferred 10,990 — (856) 10,134 Corporate 136,077 — (22,216) 113,861 Residential PACE assessments 22,861 — (405) 22,456 930,080 115 (55,153) 875,042 Total available for sale $ 1,708,346 $ 140 $ (128,238) $ 1,580,248 Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value Held-to-maturity: Traditional securities: GSE residential CMOs $ 66,982 $ — $ (4,698) $ 62,284 GSE commercial certificates 89,859 — (11,235) 78,624 GSE residential certificates 420 — (18) 402 Non-GSE commercial certificates 32,651 — (3,270) 29,381 Non-GSE residential certificates 48,599 — (5,506) 43,093 ABS 284,377 — (11,904) 272,473 Municipal 94,549 — (17,684) 76,865 617,437 — (54,315) 563,122 PACE assessments: Commercial PACE assessments 262,093 — (38,136) 223,957 Residential PACE assessments 775,708 — (85,846) 689,862 1,037,801 — (123,982) 913,819 Allowance for credit losses (707) Total held-to-maturity $ 1,654,531 $ — $ (178,297) $ 1,476,941 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 & CMO 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: Traditional securities: 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 ABS 288,682 — (15,175) 273,507 Municipal 95,485 — (15,999) 79,486 Other 2,000 — — 2,000 629,424 9 (54,824) 574,609 PACE assessments: Commercial PACE assessments 255,424 — (26,782) 228,642 Residential PACE assessments 656,453 — (44,833) 611,620 911,877 — (71,615) 840,262 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 June 30, 2023 are as follows: June 30, 2023 (In thousands) Amortized Gross Gross Fair Available for sale: Mortgage-related: Government sponsored entities ("GSE") residential CMOs ("collateralized mortgage obligations") $ 406,801 $ 25 $ (38,168) $ 368,658 GSE commercial certificates & CMO 148,014 — (8,522) 139,492 Non-GSE residential certificates 116,941 — (15,568) 101,373 Non-GSE commercial certificates 106,510 — (10,827) 95,683 778,266 25 (73,085) 705,206 Other debt: U.S. Treasury 199 — (5) 194 ABS 759,953 115 (31,671) 728,397 Trust preferred 10,990 — (856) 10,134 Corporate 136,077 — (22,216) 113,861 Residential PACE assessments 22,861 — (405) 22,456 930,080 115 (55,153) 875,042 Total available for sale $ 1,708,346 $ 140 $ (128,238) $ 1,580,248 Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value Held-to-maturity: Traditional securities: GSE residential CMOs $ 66,982 $ — $ (4,698) $ 62,284 GSE commercial certificates 89,859 — (11,235) 78,624 GSE residential certificates 420 — (18) 402 Non-GSE commercial certificates 32,651 — (3,270) 29,381 Non-GSE residential certificates 48,599 — (5,506) 43,093 ABS 284,377 — (11,904) 272,473 Municipal 94,549 — (17,684) 76,865 617,437 — (54,315) 563,122 PACE assessments: Commercial PACE assessments 262,093 — (38,136) 223,957 Residential PACE assessments 775,708 — (85,846) 689,862 1,037,801 — (123,982) 913,819 Allowance for credit losses (707) Total held-to-maturity $ 1,654,531 $ — $ (178,297) $ 1,476,941 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 & CMO 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: Traditional securities: 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 ABS 288,682 — (15,175) 273,507 Municipal 95,485 — (15,999) 79,486 Other 2,000 — — 2,000 629,424 9 (54,824) 574,609 PACE assessments: Commercial PACE assessments 255,424 — (26,782) 228,642 Residential PACE assessments 656,453 — (44,833) 611,620 911,877 — (71,615) 840,262 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 $ 195 $ — $ — Due after one year through five years 68,309 61,111 9,429 8,907 Due after five years through ten years 357,921 338,763 10,552 9,674 Due after ten years 503,651 474,973 1,396,746 1,244,576 $ 930,080 $ 875,042 $ 1,416,727 $ 1,263,157
Schedule of Proceeds Received and Gains (Losses) on Sale of Available for Sale Securities	Three Months Ended, Six Months Ended, June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 (In thousands) Proceeds $ 29,232 $ 35,789 $ 174,537 $ 35,951 Realized gains $ — $ — $ — $ 162 Realized losses (267) (582) (3,353) (582) Net realized losses $ (267) $ (582) $ (3,353) $ (420)
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 June 30, 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: June 30, 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 $ 39,625 $ 2,170 $ 324,083 $ 35,998 $ 363,708 $ 38,168 GSE commercial certificates & CMO 39,904 831 99,588 7,691 139,492 8,522 Non-GSE residential certificates — — 101,373 15,568 101,373 15,568 Non-GSE commercial certificates — — 95,683 10,827 95,683 10,827 Other debt: U.S. Treasury — — 194 5 194 5 ABS 20,924 1,522 680,461 30,149 701,385 31,671 Trust preferred — — 10,134 856 10,134 856 Corporate — — 113,861 22,216 113,861 22,216 Residential PACE assessments 22,456 405 — — 22,456 405 Total available for sale $ 122,909 $ 4,928 $ 1,425,377 $ 123,310 $ 1,548,286 $ 128,238 Less Than Twelve Months Twelve Months or Longer Total Fair Value Unrecognized Fair Value Unrecognized Fair Value Unrecognized Held-to-maturity: Traditional securities: GSE CMOs $ — $ — $ 62,284 $ 4,698 $ 62,284 $ 4,698 GSE commercial certificates 16,814 1,134 61,810 10,101 78,624 11,235 GSE residential certificates — — 402 18 402 18 Non GSE commercial certificates — — 29,262 3,270 29,262 3,270 Non GSE residential certificates — — 43,093 5,506 43,093 5,506 ABS 6,987 310 265,486 11,594 272,473 11,904 Municipal 15,841 603 61,024 17,081 76,865 17,684 PACE assessments: Commercial PACE assessments 43,959 5,522 179,998 32,614 223,957 38,136 Residential PACE assessments 287,408 22,608 402,454 63,238 689,862 85,846 Total held-to-maturity $ 371,009 $ 30,177 $ 1,105,813 $ 148,120 $ 1,476,822 $ 178,297 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 & CMO 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: Traditional securities: 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 ABS 224,279 11,078 49,228 4,097 273,507 15,175 Municipal 48,190 5,866 31,296 10,133 79,486 15,999 PACE assessments: Commercial PACE assessments 228,642 26,782 — — 228,642 26,782 Residential PACE assessments 611,620 44,833 — — 611,620 44,833 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 June 30, 2023: (In thousands) Non-GSE commercial certificates Commercial PACE Residential PACE Total Allowance for credit losses: Beginning balance $ 58 $ 262 $ 367 $ 687 Provision for (recovery of) credit losses (1) — 21 20 Charge-offs — — — — Recoveries — — — — Ending balance $ 57 $ 262 $ 388 $ 707 The following table presents the activity in the allowance for credit losses for securities held-to-maturity for the six months ended June 30, 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 (2) 7 60 65 Charge-offs (26) — — (26) Recoveries — — — — Ending balance $ 57 $ 262 $ 388 $ 707

LOANS RECEIVABLE, NET (Tables)

LOANS RECEIVABLE, NET (Tables)	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Schedule of Loans Receivable	Loans receivable are summarized as follows: June 30, December 31, (In thousands) Commercial and industrial $ 949,403 $ 925,641 Multifamily 1,095,752 967,521 Commercial real estate 333,340 335,133 Construction and land development 28,664 37,696 Total commercial portfolio 2,407,159 2,265,991 Residential real estate lending 1,388,571 1,371,779 Consumer solar 411,873 416,849 Consumer and other 44,135 47,150 Total retail portfolio 1,844,579 1,835,778 Total loans receivable 4,251,738 4,101,769 Net deferred loan origination costs — 4,233 Total loans receivable, net of deferred loan origination costs 4,251,738 4,106,002 Allowance for credit losses (67,431) (45,031) Total loans receivable, net $ 4,184,307 $ 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 June 30, 2023: 30-89 Days Non- 90 Days or Total Past Current Total Loans (In thousands) Commercial and industrial $ — $ 7,575 $ — $ 7,575 $ 941,828 $ 949,403 Multifamily 2,308 2,376 — 4,684 1,091,068 1,095,752 Commercial real estate 9,700 4,660 — 14,360 318,980 333,340 Construction and land development 2,424 13,467 — 15,891 12,773 28,664 Total commercial portfolio 14,432 28,078 — 42,510 2,364,649 2,407,159 Residential real estate lending 1,649 2,470 — 4,119 1,384,452 1,388,571 Consumer solar 3,522 2,811 6,333 405,540 411,873 Consumer and other 1,023 325 — 1,348 42,787 44,135 Total retail portfolio 6,194 5,606 — 11,800 1,832,779 1,844,579 $ 20,626 $ 33,684 $ — $ 54,310 $ 4,197,428 $ 4,251,738 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 and six months ended June 30, 2023: Term Extension Term Extension Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 (Dollars in thousands) Amortized Cost % of Portfolio Amortized Cost % of Portfolio Commercial and industrial $ — — % $ 583 0.1 % Multifamily 327 0.0 % 327 0.0 % Commercial real estate 1,059 0.3 % 1,907 0.6 % Construction and land development — — % 6,887 24.0 % The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty: Term Extension Three Months Ended June 30, 2023 Multifamily Modification added a weighted average 1.0 years to the life of the modified loan. Commercial real estate Modification added a weighted average 1.0 years to the life of the modified loan. Term Extension Six Months Ended June 30, 2023 Commercial and industrial Modification added a weighted average 1.0 years to the life of the modified loan. Multifamily Modification added a weighted average 1.0 years to the life of the modified loan. Commercial real estate Modifications added a weighted average 0.8 years to the life of the modified loans. 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 June 30, 2023: Term Loans by Origination Year (In thousands) 2023 2022 2021 2020 2019 & Prior Revolving loans Revolving Loans Converted to Term Total Commercial and Industrial: Pass $ 54,758 $ 206,133 $ 216,803 $ 93,760 $ 164,604 $ 179,813 $ — $ 915,871 Special Mention — — — 4,173 1,911 — — 6,084 Substandard — — — 5,156 20,113 2,179 — 27,448 Doubtful — — — — — — — — Total commercial and industrial $ 54,758 $ 206,133 $ 216,803 $ 103,089 $ 186,628 $ 181,992 $ — $ 949,403 Current period gross charge-offs $ — $ — $ — $ — $ 1,726 $ — $ — $ 1,726 Multifamily: Pass $ 104,315 $ 383,753 $ 45,735 $ 138,991 $ 404,898 $ 3 $ — $ 1,077,695 Special Mention — — — — 13,373 — — 13,373 Substandard — — — — 4,684 — — 4,684 Doubtful — — — — — — — — Total multifamily $ 104,315 $ 383,753 $ 45,735 $ 138,991 $ 422,955 $ 3 $ — $ 1,095,752 Current period gross charge-offs $ — $ — $ — $ — $ 1,127 $ — $ — $ 1,127 Commercial real estate: — Pass $ 36,975 $ 43,299 $ 49,204 $ 36,579 $ 134,890 $ 2,931 $ — $ 303,878 Special Mention — — — — 24,788 — — 24,788 Substandard — — — 1,907 2,767 — — 4,674 Doubtful — — — — — — — — Total commercial real estate $ 36,975 $ 43,299 $ 49,204 $ 38,486 $ 162,445 $ 2,931 $ — $ 333,340 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Construction and land development: Pass $ — $ — $ — $ — $ 7,605 $ 5,168 $ — $ 12,773 Special Mention — — — — — — — — Substandard — — — — — 15,891 — 15,891 Doubtful — — — — — — — — Total construction and land development $ — $ — $ — $ — $ 7,605 $ 21,059 $ — $ 28,664 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential real estate lending: Pass $ 58,581 $ 419,947 $ 343,544 $ 138,079 $ 423,366 $ 2,715 $ — $ 1,386,232 Special Mention — — — — — — — — Substandard — 756 — 293 1,290 — — 2,339 Doubtful — — — — — — — — Total residential real estate lending $ 58,581 $ 420,703 $ 343,544 $ 138,372 $ 424,656 $ 2,715 $ — $ 1,388,571 Current period gross charge-offs $ — $ — $ — $ — $ 59 $ — $ — $ 59 Consumer solar: Pass $ 14,895 $ 109,512 $ 137,157 $ 76,696 $ 71,108 $ — $ — $ 409,368 Special Mention — — — — — — — — Substandard — 875 663 785 182 — — 2,505 Doubtful — — — — — — — — Total consumer solar $ 14,895 $ 110,387 $ 137,820 $ 77,481 $ 71,290 $ — $ — $ 411,873 Current period gross charge-offs $ — $ 673 $ 1,530 $ 1,089 $ 339 $ — $ — $ 3,631 Consumer and other: Pass $ 2,349 $ 15,895 $ 12,833 $ — $ 12,733 $ — $ — $ 43,810 Special Mention — — — — — — — — Substandard 2 272 51 — — — — 325 Doubtful — — — — — — — — Total consumer and other $ 2,351 $ 16,167 $ 12,884 $ — $ 12,733 $ — $ — $ 44,135 Current period gross charge-offs $ — $ — $ — $ — $ 239 $ — $ — $ 239 Total Loans: Pass $ 271,873 $ 1,178,539 $ 805,276 $ 484,105 $ 1,219,204 $ 190,630 $ — $ 4,149,627 Special Mention — — — 4,173 40,072 — — 44,245 Substandard 2 1,903 714 8,141 29,036 18,070 — 57,866 Doubtful — — — — — — — — Total loans $ 271,875 $ 1,180,442 $ 805,990 $ 496,419 $ 1,288,312 $ 208,700 $ — $ 4,251,738 Current period gross charge-offs $ — $ 673 $ 1,530 $ 1,089 $ 3,490 $ — $ — $ 6,782 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 June 30, 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 $ 16,473 $ 7,030 $ 2,455 $ 354 $ 14,849 $ 22,762 $ 3,400 $ 67,323 Provision for (recovery of) credit losses 2,008 (633) (170) (30) 337 1,649 (45) 3,116 Charge-offs (1,726) — — — (1) (1,824) (221) (3,772) Recoveries 38 — — — 89 631 6 764 Ending Balance $ 16,793 $ 6,397 $ 2,285 $ 324 $ 15,274 $ 23,218 $ 3,140 $ 67,431 The activities in the allowance by portfolio for the three months ended June 30, 2022 are as follows: (In thousands) Commercial and Industrial Multifamily Commercial Real Estate Construction and Land Development Residential Real Estate Lending Consumer and Other Total Allowance for loan losses: Beginning balance $ 12,169 $ 4,232 $ 6,840 $ 654 $ 9,336 $ 4,311 $ 37,542 Provision for (recovery of) loan losses 2,442 165 (1,114) 54 1,076 289 2,912 Charge-offs — — — — (782) (995) (1,777) Recoveries 6 — — 1 674 119 800 Ending Balance $ 14,617 $ 4,397 $ 5,726 $ 709 $ 10,304 $ 3,724 $ 39,477 The activities in the allowance by portfolio for the six months ended June 30, 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 1,745 1,603 (21) (35) 600 2,974 (138) 6,728 Charge-offs (1,726) (1,127) — — (59) (3,631) (239) (6,782) Recoveries 42 — — — 327 842 14 1,225 Ending Balance - ACL $ 16,793 $ 6,397 $ 2,285 $ 324 $ 15,274 $ 23,218 $ 3,140 $ 67,431 The activities in the allowance by portfolio for the six months ended June 30, 2022 are as follows: (In thousands) Commercial and Industrial Multifamily Commercial Real Estate Construction and Land Development Residential Real Estate Lending Consumer and Other Total Allowance for loan losses: Beginning balance $ 10,652 $ 4,760 $ 7,273 $ 405 $ 9,008 $ 3,768 $ 35,866 Provision for (recovery of) loan losses 3,953 53 (1,547) 302 792 1,652 5,205 Charge-offs — (416) — — (821) (1,863) (3,100) Recoveries 12 — — 2 1,325 167 1,506 Ending Balance $ 14,617 $ 4,397 $ 5,726 $ 709 $ 10,304 $ 3,724 $ 39,477 The below table summarizes collateral dependent loans which were individually evaluated to determine expected credit losses as of June 30, 2023: Real Estate Collateral Dependent Associated Allowance for Credit Losses (In thousands) Multifamily $ 2,376 $ 538 Commercial real estate 4,673 — Construction and land development 18,667 197 $ 25,716 $ 735 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
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Specific Allowance	The amortized cost basis of loans on nonaccrual status and the specific allowance as of June 30, 2023 are as follows: Nonaccrual with No Allowance Nonaccrual with Allowance Reserve (In thousands) Commercial and industrial $ 654 $ 6,921 $ 4,259 Multifamily — 2,376 538 Commercial real estate 4,660 — — Construction and land development 8,803 4,664 197 Total commercial portfolio 14,117 13,961 4,994 Residential real estate lending 2,470 — — Consumer solar 2,811 — — Consumer and other 325 — — Total retail portfolio 5,606 — — $ 19,723 $ 13,961 $ 4,994
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)	6 Months Ended
	Jun. 30, 2023
Statistical Disclosure for Banks [Abstract]
Schedule of Deposits	Deposits are summarized as follows: June 30, 2023 December 31, 2022 Amount Weighted Average Rate Amount Weighted Average Rate (In thousands) Non-interest-bearing demand deposit accounts $ 2,958,104 0.00 % $ 3,331,067 0.00 % NOW accounts 199,262 0.95 % 206,434 0.73 % Money market deposit accounts 2,744,411 2.02 % 2,445,396 0.94 % Savings accounts 363,058 1.04 % 386,190 0.75 % Time deposits 161,335 1.77 % 151,699 2.57 % Brokered CDs 468,481 5.02 % 74,251 3.84 % $ 6,894,651 1.27 % $ 6,595,037 0.52 %
Schedule of Maturities of Time Deposits	The scheduled maturities of time deposits and brokered CDs as of June 30, 2023 are as follows: (In thousands) Balance 2023 $ 450,989 2024 53,986 2025 35,654 2026 34,682 2027 28,746 Thereafter 25,759 $ 629,816

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 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 Six Months Ended 2023 2022 2023 2022 (In thousands, except per share amounts) Income attributable to common stock $ 21,642 $ 19,613 $ 42,976 $ 33,778 Weighted average common shares outstanding, basic 30,619 30,818 30,662 30,962 Basic earnings per common share $ 0.71 $ 0.64 $ 1.40 $ 1.09 Income attributable to common stock $ 21,642 $ 19,613 $ 42,976 $ 33,778 Weighted average common shares outstanding, basic 30,619 30,818 30,662 30,962 Incremental shares from assumed conversion of options and RSUs 157 371 158 371 Weighted average common shares outstanding, diluted 30,776 31,189 30,820 31,333 Diluted earnings per common share $ 0.70 $ 0.63 $ 1.39 $ 1.08

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	A summary of the status of the Company’s options as of June 30, 2023 follows: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Intrinsic Value (in thousands) Outstanding, January 1, 2023 426,880 $ 13.09 3.3 years Granted — — — Forfeited/ Expired — — — Exercised (29,320) 14.56 — Outstanding, June 30, 2023 397,560 12.99 2.8 years $ 1,234 Vested and Exercisable, June 30, 2023 397,560 $ 12.99 2.8 years $ 1,234
Schedule of Restricted Stock Unit Activity	A summary of the status of the Company’s time-based vesting RSUs for the six months ended June 30, 2023 follows: Shares Grant Date Fair Value Unvested, January 1, 2023 331,023 $ 17.72 Awarded 135,837 20.95 Forfeited/Expired (8,294) 15.74 Vested (124,970) 16.66 Unvested, June 30, 2023 333,596 $ 19.48 A summary of the status of the Company’s performance-based vesting RSUs for the six months ended June 30, 2023 follows: Shares Grant Date Fair Value Unvested, January 1, 2023 96,970 $ 16.37 Awarded 62,945 19.54 Forfeited/Expired (6,013) 15.08 Vested (23,948) 14.82 Unvested, June 30, 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) June 30, 2023 (7,835) (29,754) Remaining shares available for purchase at June 30, 2023 448,327

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Assets Measured on Recurring Basis	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: June 30, 2023 (In thousands) Level 1 Level 2 Level 3 Total Available for sale securities: Mortgage-related: GSE residential CMOs $ — $ 368,658 $ — $ 368,658 GSE commercial certificates & CMO — 139,492 — 139,492 Non-GSE residential certificates — 101,373 — 101,373 Non-GSE commercial certificates — 95,683 — 95,683 Other debt: U.S. Treasury 194 — — 194 ABS — 728,397 — 728,397 Trust preferred — 10,134 — 10,134 Corporate — 113,861 — 113,861 Residential PACE — — 22,456 22,456 Total assets carried at fair value $ 194 $ 1,557,598 $ 22,456 $ 1,580,248 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 & CMO — 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	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: June 30, 2023 (In thousands) Carrying Value Level 1 Level 2 Level 3 Estimated Fair Value Fair Value Measurements: Individually analyzed loans $ 6,306 $ — $ — $ 6,306 $ 6,306 $ 6,306 $ — $ — $ 6,306 $ 6,306 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	The following table summarizes the financial statement basis and estimated fair values for significant categories of financial instruments: June 30, 2023 (In thousands) Carrying Value Level 1 Level 2 Level 3 Estimated Fair Value Financial assets: Cash and cash equivalents $ 65,715 $ 65,715 $ — $ — $ 65,715 Held-to-maturity securities 1,654,531 — 563,122 913,819 1,476,941 Loans held for sale 2,458 — — 2,458 2,458 Loans receivable, net 4,184,307 — — 3,833,150 3,833,150 Accrued interest receivable 44,104 27 12,434 31,643 44,104 Financial liabilities: Deposits payable on demand 6,264,835 — 6,264,835 — 6,264,835 Time deposits and brokered CDs 629,816 — 625,002 — 625,002 Other borrowings 230,000 — 228,258 — 228,258 Subordinated debt, net 73,766 — 59,013 — 59,013 Accrued interest payable 5,661 — 5,661 — 5,661 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, net 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)	6 Months Ended
	Jun. 30, 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: June 30, 2023 December 31, 2022 (In thousands) Commitments to extend credit $ 641,697 $ 723,902 Standby letters of credit 23,095 29,568 Total $ 664,792 $ 753,470

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 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 Six Months Ended 2023 2022 2023 2022 (In thousands) Operating lease cost $ 1,795 $ 2,257 $ 3,572 $ 4,508 Cash paid for amounts included in the measurement of operating leases liability $ 2,816 $ 2,632 $ 5,629 $ 5,262 Note: Sublease income and variable income or expense considered immaterial
Schedule of Remaining Commitments of Operating Lease Payments	The following table presents the remaining commitments for operating lease payments for the next five years and thereafter, as well as a reconciliation to the discounted operating leases liability recorded in the Consolidated Statements of Financial Condition as of June 30, 2023: (In thousands) As of June 30, 2023 2023 $ 5,665 2024 11,324 2025 10,593 2026 9,200 2027 959 Thereafter — Total undiscounted operating lease payments 37,741 Less: present value adjustment 1,940 Total Operating leases liability $ 35,801

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 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 $ 444 2024 730 2025 574 2026 419 2027 265 Thereafter 229 Total $ 2,661

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Variable Interest Entities	June 30, 2023 December 31, 2022 (In thousands) Unconsolidated Variable Interest Entities Tax credit investments included in equity investments $ 6,651 $ 3,299 Loans and letters of credit commitments 60,276 60,857 Funded portion of loans and letters of credit commitments 53,945 47,683 The following table summarizes the tax benefits conveyed by the Company’s solar generation VIE investments: Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 (In thousands) Tax credits and other tax benefits recognized $ 813 $ 668 $ 1,600 $ 1,336

BASIS OF PRESENTATION AND CON_4

BASIS OF PRESENTATION AND CONSOLIDATION - Narrative (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Jan. 01, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative-effect adjustment to retained earnings		$ 528,614	$ 498,041	$ 528,614	$ 498,041	$ 519,158	$ 508,955	$ 526,762	$ 563,875
Allowance for credit losses on off-balance sheet credit exposures		800	0	900	300
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	$ 2,700
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
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative-effect adjustment to retained earnings		$ 349,204	$ 288,868	$ 349,204	$ 288,868	$ 330,673	$ 330,275	$ 271,722	$ 260,047
Retained Earnings | Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative-effect adjustment to retained earnings	$ (17,825)

BASIS OF PRESENTATION AND CON_5

BASIS OF PRESENTATION AND CONSOLIDATION - Adoption of ASU (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Jan. 01, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Assets
Allowance for credit losses on held-to-maturity securities		$ (707)		$ (707)		$ (687)	$ 0
Allowance for credit losses on loans		(67,431)	$ (39,477)	(67,431)	$ (39,477)	(67,323)	(45,031)	$ (37,542)	$ (35,866)
Liabilities
Allowance for credit losses on off-balance sheet credit exposures		(5,100)		(5,100)			(1,600)
Tax Impact
Total Day 1 Adjustment for Adoption of ASU 2016-13		7,818	6,873	15,383	11,808
Net Adjustment to Retained Earnings		528,614	498,041	528,614	498,041	519,158	508,955	526,762	563,875
Accounting Standards Update 2016-13
Assets
Allowance for credit losses on held-to-maturity securities	$ (668)
Allowance for credit losses on loans	(21,229)
Liabilities
Allowance for credit losses on off-balance sheet credit exposures	(2,705)
Total Day 1 Adjustment for Adoption of ASU 2016-13	24,602
Tax Impact
Allowance for credit losses on loans	(5,849)
Allowance for credit losses on held-to-maturity securities	(184)
Allowance for credit losses on off-balance sheet credit exposures	(744)
Total Day 1 Adjustment for Adoption of ASU 2016-13	(6,777)
Retained Earnings
Tax Impact
Net Adjustment to Retained Earnings		$ 349,204	$ 288,868	$ 349,204	$ 288,868	$ 330,673	$ 330,275	$ 271,722	$ 260,047
Retained Earnings | Accounting Standards Update 2016-13
Assets
Allowance for credit losses on held-to-maturity securities	484
Allowance for credit losses on loans	15,380
Liabilities
Allowance for credit losses on off-balance sheet credit exposures	1,961
Tax Impact
Net Adjustment to Retained Earnings	$ (17,825)

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS - Summary of Accumulated Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 519,158	$ 526,762	$ 508,955	$ 563,875
Current Period Change	(10,899)	(51,484)	4,822	(115,294)
Income Tax Effect	3,002	14,162	(1,329)	31,717
Ending balance	528,614	498,041	528,614	498,041
Accumulated Other Comprehensive Loss, net of income taxes
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(97,317)	(40,846)	(108,707)	5,409
Current Period Change			4,822	(115,294)
Income Tax Effect			(1,329)	31,717
Ending balance	(105,214)	(78,168)	(105,214)	(78,168)
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	49	59	97	118
Income Tax Effect	(14)	(16)	(27)	(32)
Ending balance	(1,582)	(2,016)	(1,582)	(2,016)
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			3,771	(115,412)
Income Tax Effect			(1,039)	31,749
Ending balance	(92,807)	$ (76,152)	(92,807)	$ (76,152)
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			954
Income Tax Effect			(263)
Ending balance	$ (10,825)		$ (10,825)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE LOSS - Schedule of Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other comprehensive income (loss), before tax	$ (10,899)	$ (51,484)	$ 4,822	$ (115,294)
Income tax expense	3,002	14,162	(1,329)	31,717
Total other comprehensive income (loss), net of taxes	(7,897)	(37,322)	3,493	(83,577)
Accumulated Other Comprehensive Loss, net of income taxes
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other comprehensive income (loss), before tax			4,822	(115,294)
Income tax expense			(1,329)	31,717
Total other comprehensive income (loss), net of taxes	(7,897)	(37,322)	3,493	(83,577)
Unrealized gains (losses) on benefits plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other comprehensive income (loss), before tax	49	59	97	118
Income tax expense	(14)	(16)	(27)	(32)
Total other comprehensive income (loss), net of taxes	35	43	70	86
Unrealized gains (losses) on available for sale securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other comprehensive income (loss), before tax	(10,948)	(51,543)	4,725	(115,412)
Income tax expense	3,016	14,178	(1,302)	31,749
Total other comprehensive income (loss), net of taxes	(7,932)	(37,365)	3,423	(83,663)
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	(11,681)	(52,334)	418	(116,038)
Reclassification adjustment for losses realized in loss on sale of securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification adjustment	267	582	3,353	417
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	466	209	954	209
Other comprehensive income (loss), before tax			954
Income tax expense			(263)
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	80	102
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	14	0
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	$ 2	$ 8	$ 3	$ 16

INVESTMENT SECURITIES - Amortiz

INVESTMENT SECURITIES - Amortized Cost and Fair Value of AFS Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Available for sale:
Amortized Cost	$ 1,708,346	$ 1,944,343
Gross Unrealized Gains	140	58
Gross Unrealized Losses	(128,238)	(131,925)
Fair Value	1,580,248	1,812,476
Mortgage-related:
Available for sale:
Amortized Cost	778,266	881,574
Gross Unrealized Gains	25	24
Gross Unrealized Losses	(73,085)	(73,990)
Fair Value	705,206	807,608
Government sponsored entities ("GSE") residential CMOs ("collateralized mortgage obligations")
Available for sale:
Amortized Cost	406,801	427,529
Gross Unrealized Gains	25	24
Gross Unrealized Losses	(38,168)	(38,293)
Fair Value	368,658	389,260
GSE commercial certificates & CMO
Available for sale:
Amortized Cost	148,014	222,620
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(8,522)	(8,834)
Fair Value	139,492	213,786
Non-GSE residential certificates
Available for sale:
Amortized Cost	116,941	123,139
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(15,568)	(16,059)
Fair Value	101,373	107,080
Non-GSE commercial certificates
Available for sale:
Amortized Cost	106,510	108,286
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(10,827)	(10,804)
Fair Value	95,683	97,482
Other debt:
Available for sale:
Amortized Cost	930,080	1,062,769
Gross Unrealized Gains	115	34
Gross Unrealized Losses	(55,153)	(57,935)
Fair Value	875,042	1,004,868
U.S. Treasury
Available for sale:
Amortized Cost	199	199
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(5)	(7)
Fair Value	194	192
ABS
Available for sale:
Amortized Cost	759,953	901,746
Gross Unrealized Gains	115	34
Gross Unrealized Losses	(31,671)	(39,617)
Fair Value	728,397	862,163
Trust preferred
Available for sale:
Amortized Cost	10,990	10,988
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(856)	(845)
Fair Value	10,134	10,143
Corporate
Available for sale:
Amortized Cost	136,077	149,836
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(22,216)	(17,466)
Fair Value	113,861	$ 132,370
Residential PACE assessments
Available for sale:
Amortized Cost	22,861
Gross Unrealized Gains	0
Gross Unrealized Losses	(405)
Fair Value	$ 22,456

INVESTMENT SECURITIES - Amort_2

INVESTMENT SECURITIES - Amortized Cost and Fair Value of HTM Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Held-to-maturity:
Gross Unrealized Gains	$ 0		$ 9
Gross Unrealized Losses	(178,297)		(126,439)
Fair Value	1,476,941		1,414,871
Allowance for credit losses	(707)	$ (687)	0
Total held-to-maturity	1,654,531		1,541,301
Traditional securities:
Held-to-maturity:
Amortized Cost	617,437
Gross Unrealized Gains	0		9
Gross Unrealized Losses	(54,315)		(54,824)
Fair Value	563,122		574,609
Allowance for credit losses	(57)
Total held-to-maturity	617,380		629,424
GSE residential CMOs
Held-to-maturity:
Amortized Cost	66,982
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(4,698)		(4,054)
Fair Value	62,284		65,337
Total held-to-maturity			69,391
GSE commercial certificates
Held-to-maturity:
Amortized Cost	89,859
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(11,235)		(11,186)
Fair Value	78,624		79,149
Total held-to-maturity			90,335
GSE residential certificates
Held-to-maturity:
Amortized Cost	420
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(18)		(17)
Fair Value	402		411
Total held-to-maturity			428
Non-GSE commercial certificates
Held-to-maturity:
Amortized Cost	32,651
Gross Unrealized Gains	0		9
Gross Unrealized Losses	(3,270)		(3,148)
Fair Value	29,381		29,496
Allowance for credit losses	(57)	(58)	0
Total held-to-maturity			32,635
Non-GSE residential certificates
Held-to-maturity:
Amortized Cost	48,599
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(5,506)		(5,245)
Fair Value	43,093		45,223
Total held-to-maturity			50,468
ABS
Held-to-maturity:
Amortized Cost	284,377
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(11,904)		(15,175)
Fair Value	272,473		273,507
Total held-to-maturity			288,682
Municipal
Held-to-maturity:
Amortized Cost	94,549
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(17,684)		(15,999)
Fair Value	76,865		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
PACE assessments:
Held-to-maturity:
Amortized Cost	1,037,801
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(123,982)		(71,615)
Fair Value	913,819		840,262
Allowance for credit losses	(650)
Total held-to-maturity	1,037,151		911,877
Commercial PACE assessments
Held-to-maturity:
Amortized Cost	262,093
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(38,136)		(26,782)
Fair Value	223,957		228,642
Allowance for credit losses	(262)	(262)	0
Total held-to-maturity			255,424
Residential PACE assessments
Held-to-maturity:
Amortized Cost	775,708
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(85,846)		(44,833)
Fair Value	689,862		611,620
Allowance for credit losses	$ (388)	$ (367)	0
Total held-to-maturity			$ 656,453

INVESTMENT SECURITIES - Narrati

INVESTMENT SECURITIES - Narrative (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Jan. 01, 2023	Dec. 31, 2022
Debt Securities, Available-for-Sale [Line Items]
Total assets carried at fair value	$ 1,580,248,000			$ 1,580,248,000			$ 1,812,476,000
Book value of securities transferred from available for sale to held-to-maturity			$ 277,300,000
Fair value of securities transferred from available for sale to held-to-maturity			260,100,000	0	$ 260,112,000
Unrealized losses from available for sale securities transferred held-to-maturity converted to discount			$ 17,100,000
Charge off	0	$ 1,200,000
Accrued interest receivable	26,000,000			26,000,000			22,400,000
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]
Total assets carried at fair value	705,206,000			705,206,000			$ 807,608,000
Mortgage-related: | Asset Pledged as Collateral without Right | Federal Home Loan Bank Advances
Debt Securities, Available-for-Sale [Line Items]
Total assets carried at fair value	937,000,000			937,000,000
Fair value of held to maturity securities, pledged as collateral	$ 425,400,000			$ 425,400,000

INVESTMENT SECURITIES - AFS and

INVESTMENT SECURITIES - AFS and HTM Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Amortized Cost
Amortized Cost	$ 1,708,346	$ 1,944,343
Fair Value
Fair Value	1,580,248	1,812,476
Fair Value
Fair Value	1,476,941	1,414,871
Other debt:
Amortized Cost
Due within one year	199
Due after one year through five years	68,309
Due after five years through ten years	357,921
Due after ten years	503,651
Amortized Cost	930,080	1,062,769
Fair Value
Due within one year	195
Due after one year through five years	61,111
Due after five years through ten years	338,763
Due after ten years	474,973
Fair Value	875,042	$ 1,004,868
Amortized Cost
Due within one year	0
Due after one year through five years	9,429
Due after five years through ten years	10,552
Due after ten years	1,396,746
Amortized Cost	1,416,727
Fair Value
Due within one year	0
Due after one year through five years	8,907
Due after five years through ten years	9,674
Due after ten years	1,244,576
Fair Value	$ 1,263,157

INVESTMENT SECURITIES - Proceed

INVESTMENT SECURITIES - Proceeds Received and Gains (Losses) Realized on Sale of Available for Sale Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Proceeds	$ 29,232	$ 35,789	$ 174,537	$ 35,951
Realized gains	0	0	0	162
Realized losses	(267)	(582)	(3,353)	(582)
Net realized losses	$ (267)	$ (582)	$ (3,353)	$ (420)

INVESTMENT SECURITIES - Schedul

INVESTMENT SECURITIES - Schedule of Unrealized Losses on Available for Sale Securities and Held-to-Maturity Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	$ 122,909	$ 1,139,172
Available for sale, less than 12 months, unrealized losses	4,928	61,546
Available for sale, 12 months or longer, fair value	1,425,377	634,422
Available for sale, 12 months or longer, unrealized losses	123,310	70,379
Available for sale, total fair value	1,548,286	1,773,594
Available for sale, total unrealized losses	128,238	131,925
Held-to-maturity:
Held to maturity, less than 12 months, fair value	371,009	1,267,169
Held to maturity, less than 12 months, unrealized loss	30,177	100,311
Held to maturity, 12 months or longer, fair value	1,105,813	145,681
Held to maturity, 12 months or longer, unrealized loss	148,120	26,128
Held to maturity, total fair value	1,476,822	1,412,850
Held to maturity, total unrealized losses	178,297	126,439
GSE residential CMOs
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	39,625	231,562
Available for sale, less than 12 months, unrealized losses	2,170	13,937
Available for sale, 12 months or longer, fair value	324,083	151,285
Available for sale, 12 months or longer, unrealized losses	35,998	24,356
Available for sale, total fair value	363,708	382,847
Available for sale, total unrealized losses	38,168	38,293
GSE commercial certificates & CMO
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	39,904	153,325
Available for sale, less than 12 months, unrealized losses	831	6,729
Available for sale, 12 months or longer, fair value	99,588	60,461
Available for sale, 12 months or longer, unrealized losses	7,691	2,105
Available for sale, total fair value	139,492	213,786
Available for sale, total unrealized losses	8,522	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	0	72,527
Available for sale, less than 12 months, unrealized losses	0	8,969
Available for sale, 12 months or longer, fair value	101,373	34,553
Available for sale, 12 months or longer, unrealized losses	15,568	7,090
Available for sale, total fair value	101,373	107,080
Available for sale, total unrealized losses	15,568	16,059
Non-GSE commercial certificates
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	0	62,243
Available for sale, less than 12 months, unrealized losses	0	4,842
Available for sale, 12 months or longer, fair value	95,683	35,239
Available for sale, 12 months or longer, unrealized losses	10,827	5,962
Available for sale, total fair value	95,683	97,482
Available for sale, total unrealized losses	10,827	10,804
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	194	0
Available for sale, 12 months or longer, unrealized losses	5	0
Available for sale, total fair value	194	192
Available for sale, total unrealized losses	5	7
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	10,134	10,143
Available for sale, 12 months or longer, unrealized losses	856	845
Available for sale, total fair value	10,134	10,143
Available for sale, total unrealized losses	856	845
Corporate
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	0	89,054
Available for sale, less than 12 months, unrealized losses	0	9,772
Available for sale, 12 months or longer, fair value	113,861	43,316
Available for sale, 12 months or longer, unrealized losses	22,216	7,694
Available for sale, total fair value	113,861	132,370
Available for sale, total unrealized losses	22,216	17,466
GSE CMOs
Held-to-maturity:
Held to maturity, less than 12 months, fair value	0	54,475
Held to maturity, less than 12 months, unrealized loss	0	2,891
Held to maturity, 12 months or longer, fair value	62,284	10,862
Held to maturity, 12 months or longer, unrealized loss	4,698	1,163
Held to maturity, total fair value	62,284	65,337
Held to maturity, total unrealized losses	4,698	4,054
GSE commercial certificates
Held-to-maturity:
Held to maturity, less than 12 months, fair value	16,814	48,934
Held to maturity, less than 12 months, unrealized loss	1,134	3,404
Held to maturity, 12 months or longer, fair value	61,810	30,215
Held to maturity, 12 months or longer, unrealized loss	10,101	7,782
Held to maturity, total fair value	78,624	79,149
Held to maturity, total unrealized losses	11,235	11,186
GSE residential certificates
Held-to-maturity:
Held to maturity, less than 12 months, fair value	0	411
Held to maturity, less than 12 months, unrealized loss	0	17
Held to maturity, 12 months or longer, fair value	402	0
Held to maturity, 12 months or longer, unrealized loss	18	0
Held to maturity, total fair value	402	411
Held to maturity, total unrealized losses	18	17
Non-GSE commercial certificates
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	29,262	18,283
Held to maturity, 12 months or longer, unrealized loss	3,270	2,492
Held to maturity, total fair value	29,262	29,475
Held to maturity, total unrealized losses	3,270	3,148
Non-GSE residential certificates
Held-to-maturity:
Held to maturity, less than 12 months, fair value	0	39,426
Held to maturity, less than 12 months, unrealized loss	0	4,784
Held to maturity, 12 months or longer, fair value	43,093	5,797
Held to maturity, 12 months or longer, unrealized loss	5,506	461
Held to maturity, total fair value	43,093	45,223
Held to maturity, total unrealized losses	5,506	5,245
ABS
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	20,924	530,269
Available for sale, less than 12 months, unrealized losses	1,522	17,290
Available for sale, 12 months or longer, fair value	680,461	299,425
Available for sale, 12 months or longer, unrealized losses	30,149	22,327
Available for sale, total fair value	701,385	829,694
Available for sale, total unrealized losses	31,671	39,617
Held-to-maturity:
Held to maturity, less than 12 months, fair value	6,987	224,279
Held to maturity, less than 12 months, unrealized loss	310	11,078
Held to maturity, 12 months or longer, fair value	265,486	49,228
Held to maturity, 12 months or longer, unrealized loss	11,594	4,097
Held to maturity, total fair value	272,473	273,507
Held to maturity, total unrealized losses	11,904	15,175
Municipal
Held-to-maturity:
Held to maturity, less than 12 months, fair value	15,841	48,190
Held to maturity, less than 12 months, unrealized loss	603	5,866
Held to maturity, 12 months or longer, fair value	61,024	31,296
Held to maturity, 12 months or longer, unrealized loss	17,081	10,133
Held to maturity, total fair value	76,865	79,486
Held to maturity, total unrealized losses	17,684	15,999
Commercial PACE assessments
Held-to-maturity:
Held to maturity, less than 12 months, fair value	43,959	228,642
Held to maturity, less than 12 months, unrealized loss	5,522	26,782
Held to maturity, 12 months or longer, fair value	179,998	0
Held to maturity, 12 months or longer, unrealized loss	32,614	0
Held to maturity, total fair value	223,957	228,642
Held to maturity, total unrealized losses	38,136	26,782
Residential PACE assessments
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Available for sale, less than 12 months, fair value	22,456
Available for sale, less than 12 months, unrealized losses	405
Available for sale, 12 months or longer, fair value	0
Available for sale, 12 months or longer, unrealized losses	0
Available for sale, total fair value	22,456
Available for sale, total unrealized losses	405
Held-to-maturity:
Held to maturity, less than 12 months, fair value	287,408	611,620
Held to maturity, less than 12 months, unrealized loss	22,608	44,833
Held to maturity, 12 months or longer, fair value	402,454	0
Held to maturity, 12 months or longer, unrealized loss	63,238	0
Held to maturity, total fair value	689,862	611,620
Held to maturity, total unrealized losses	$ 85,846	$ 44,833

INVESTMENT SECURITIES - Allowan

INVESTMENT SECURITIES - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Allowance for credit losses:
Beginning balance	$ 687	$ 0
Provision for (recovery of) credit losses	20	65
Charge-offs	0	(26)
Recoveries	0	0
Ending balance	707	707
Adoption of ASU No. 2016-13
Allowance for credit losses:
Beginning balance		668
Non-GSE commercial certificates
Allowance for credit losses:
Beginning balance	58	0
Provision for (recovery of) credit losses	(1)	(2)
Charge-offs	0	(26)
Recoveries	0	0
Ending balance	57	57
Non-GSE commercial certificates | Adoption of ASU No. 2016-13
Allowance for credit losses:
Beginning balance		85
Commercial PACE assessments
Allowance for credit losses:
Beginning balance	262	0
Provision for (recovery of) credit losses	0	7
Charge-offs	0	0
Recoveries	0	0
Ending balance	262	262
Commercial PACE assessments | Adoption of ASU No. 2016-13
Allowance for credit losses:
Beginning balance		255
Residential PACE assessments
Allowance for credit losses:
Beginning balance	367	0
Provision for (recovery of) credit losses	21	60
Charge-offs	0	0
Recoveries	0	0
Ending balance	$ 388	388
Residential PACE assessments | 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	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	$ 4,251,738		$ 4,101,769
Net deferred loan origination costs	0		4,233
Total loans receivable, net of deferred loan origination costs	4,251,738		4,106,002
Allowance for credit losses	67,431	$ 67,323	45,031	$ 39,477	$ 37,542	$ 35,866
Total loans receivable, net	4,184,307		4,060,971
Commercial portfolio
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	2,407,159		2,265,991
Commercial portfolio | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	949,403		925,641
Total loans receivable, net of deferred loan origination costs	949,403
Allowance for credit losses	16,793	16,473	12,916	14,617	12,169	10,652
Commercial portfolio | Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	1,095,752		967,521
Total loans receivable, net of deferred loan origination costs	1,095,752
Allowance for credit losses	6,397	7,030	7,104	4,397	4,232	4,760
Commercial portfolio | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	333,340		335,133
Total loans receivable, net of deferred loan origination costs	333,340
Allowance for credit losses	2,285	2,455	3,627	5,726	6,840	7,273
Commercial portfolio | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	28,664		37,696
Total loans receivable, net of deferred loan origination costs	28,664
Allowance for credit losses	324	354	825	709	654	405
Commercial portfolio | Residential real estate lending
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	15,274		11,338
Retail portfolio
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	1,844,579		1,835,778
Retail portfolio | Residential real estate lending
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	1,388,571		1,371,779
Total loans receivable, net of deferred loan origination costs	1,388,571
Allowance for credit losses	15,274	14,849	11,338	10,304	9,336	9,008
Retail portfolio | Consumer solar
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	411,873		416,849
Total loans receivable, net of deferred loan origination costs	411,873
Allowance for credit losses	23,218	22,762	6,867
Retail portfolio | Consumer and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	44,135		47,150
Total loans receivable, net of deferred loan origination costs	44,135
Allowance for credit losses	$ 3,140	$ 3,400	$ 2,354	$ 3,724	$ 4,311	$ 3,768

LOANS RECEIVABLE, NET - Sched_2

LOANS RECEIVABLE, NET - Schedule of Quality of Bank's Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	$ 4,251,738	$ 4,101,769
Non- Accrual	33,684	21,699
90 Days or More Delinquent and Still Accruing Interest	0	0
30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	20,626	32,901
Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	54,310	54,600
Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	4,197,428	4,047,169
Commercial portfolio
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	2,407,159	2,265,991
Non- Accrual	28,078	18,308
90 Days or More Delinquent and Still Accruing Interest	0	0
Commercial portfolio | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	14,432	28,171
Commercial portfolio | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	42,510	46,479
Commercial portfolio | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	2,364,649	2,219,512
Commercial portfolio | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	949,403	925,641
Non- Accrual	7,575	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	0	27
Commercial portfolio | Commercial and industrial | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	7,575	9,656
Commercial portfolio | Commercial and industrial | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	941,828	915,985
Commercial portfolio | Multifamily
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,095,752	967,521
Non- Accrual	2,376	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	2,308	0
Commercial portfolio | Multifamily | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	4,684	3,828
Commercial portfolio | Multifamily | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,091,068	963,693
Commercial portfolio | Commercial real estate
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	333,340	335,133
Non- Accrual	4,660	4,851
90 Days or More Delinquent and Still Accruing Interest	0	0
Commercial portfolio | Commercial real estate | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	9,700	11,718
Commercial portfolio | Commercial real estate | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	14,360	16,569
Commercial portfolio | Commercial real estate | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	318,980	318,564
Commercial portfolio | Construction and land development
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	28,664	37,696
Non- Accrual	13,467	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	2,424	16,426
Commercial portfolio | Construction and land development | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	15,891	16,426
Commercial portfolio | Construction and land development | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	12,773	21,270
Retail portfolio
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,844,579	1,835,778
Non- Accrual	5,606	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	6,194	4,730
Retail portfolio | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	11,800	8,121
Retail portfolio | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,832,779	1,827,657
Retail portfolio | Residential real estate lending
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,388,571	1,371,779
Non- Accrual	2,470	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	1,649	1,185
Retail portfolio | Residential real estate lending | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	4,119	2,992
Retail portfolio | Residential real estate lending | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,384,452	1,368,787
Retail portfolio | Consumer solar
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	411,873	416,849
Non- Accrual	2,811	1,584
90 Days or More Delinquent and Still Accruing Interest		0
Retail portfolio | Consumer solar | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	3,522	3,320
Retail portfolio | Consumer solar | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	6,333	4,904
Retail portfolio | Consumer solar | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	405,540	411,945
Retail portfolio | Consumer and Other
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	44,135	47,150
Non- Accrual	325	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	1,023	225
Retail portfolio | Consumer and Other | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,348	225
Retail portfolio | Consumer and Other | Current
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	$ 42,787	$ 46,925

LOANS RECEIVABLE, NET - Loan Mo

LOANS RECEIVABLE, NET - Loan Modification (Details) - Extended Maturity - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost	$ 0	$ 583
% of Portfolio	0%	0.10%
Multifamily
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost	$ 327	$ 327
% of Portfolio	0%	0%
Commercial real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost	$ 1,059	$ 1,907
% of Portfolio	0.30%	0.60%
Construction and land development
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost	$ 0	$ 6,887
% of Portfolio	0%	24%

LOANS RECEIVABLE, NET - Term Ex

LOANS RECEIVABLE, NET - Term Extension (Details) - Commercial portfolio	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Term Extension		1 year
Multifamily
Financing Receivable, Troubled Debt Restructuring [Line Items]
Term Extension	1 year	1 year
Commercial real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Term Extension	1 year	9 months 18 days
Construction and land development
Financing Receivable, Troubled Debt Restructuring [Line Items]
Term Extension		9 months 18 days

LOANS RECEIVABLE, NET - Narrati

LOANS RECEIVABLE, NET - Narrative (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023 USD ($) loan	Jun. 30, 2023 USD ($) loan	Dec. 31, 2022 USD ($)
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loans modified | loan	2	6
Total loans receivable, net	$ 4,184,307	$ 4,184,307	$ 4,060,971
Related party loans outstanding	1,600	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	$ 2,160,000	$ 2,160,000	$ 819,400

LOANS RECEIVABLE, NET - Quality

LOANS RECEIVABLE, NET - Quality Indicator (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 271,875		$ 271,875
2022	1,180,442		1,180,442
2021	805,990		805,990
2020	496,419		496,419
2019 & Prior	1,288,312		1,288,312
Revolving loans	208,700		208,700
Revolving Loans Converted to Term	0		0
Total	4,251,738		4,251,738		$ 4,106,002
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Charge-offs	3,772	$ 1,777	6,782	$ 3,100
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023	271,873		271,873
2022	1,178,539		1,178,539
2021	805,276		805,276
2020	484,105		484,105
2019 & Prior	1,219,204		1,219,204
Revolving loans	190,630		190,630
Revolving Loans Converted to Term	0		0
Total	4,149,627		4,149,627
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023			0
2022			673
2021			1,530
2020			1,089
2019 & Prior			3,490
Revolving loans			0
Revolving Loans Converted to Term			0
Charge-offs			6,782
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	4,173		4,173
2019 & Prior	40,072		40,072
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	44,245		44,245
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	2		2
2022	1,903		1,903
2021	714		714
2020	8,141		8,141
2019 & Prior	29,036		29,036
Revolving loans	18,070		18,070
Revolving Loans Converted to Term	0		0
Total	57,866		57,866
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019 & Prior	0		0
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Commercial portfolio | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2023	54,758		54,758
2022	206,133		206,133
2021	216,803		216,803
2020	103,089		103,089
2019 & Prior	186,628		186,628
Revolving loans	181,992		181,992
Revolving Loans Converted to Term	0		0
Total	949,403		949,403
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023			0
2022			0
2021			0
2020			0
2019 & Prior			1,726
Revolving loans			0
Revolving Loans Converted to Term			0
Charge-offs	1,726	0	1,726	0
Commercial portfolio | Commercial and industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023	54,758		54,758
2022	206,133		206,133
2021	216,803		216,803
2020	93,760		93,760
2019 & Prior	164,604		164,604
Revolving loans	179,813		179,813
Revolving Loans Converted to Term	0		0
Total	915,871		915,871
Commercial portfolio | Commercial and industrial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	4,173		4,173
2019 & Prior	1,911		1,911
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	6,084		6,084
Commercial portfolio | Commercial and industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	5,156		5,156
2019 & Prior	20,113		20,113
Revolving loans	2,179		2,179
Revolving Loans Converted to Term	0		0
Total	27,448		27,448
Commercial portfolio | Commercial and industrial | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019 & Prior	0		0
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Commercial portfolio | Multifamily
Financing Receivable, Credit Quality Indicator [Line Items]
2023	104,315		104,315
2022	383,753		383,753
2021	45,735		45,735
2020	138,991		138,991
2019 & Prior	422,955		422,955
Revolving loans	3		3
Revolving Loans Converted to Term	0		0
Total	1,095,752		1,095,752
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	0	0	1,127	416
Commercial portfolio | Multifamily | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023	104,315		104,315
2022	383,753		383,753
2021	45,735		45,735
2020	138,991		138,991
2019 & Prior	404,898		404,898
Revolving loans	3		3
Revolving Loans Converted to Term	0		0
Total	1,077,695		1,077,695
Commercial portfolio | Multifamily | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019 & Prior	13,373		13,373
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	13,373		13,373
Commercial portfolio | Multifamily | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019 & Prior	4,684		4,684
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	4,684		4,684
Commercial portfolio | Multifamily | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019 & Prior	0		0
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Commercial portfolio | Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023	36,975		36,975
2022	43,299		43,299
2021	49,204		49,204
2020	38,486		38,486
2019 & Prior	162,445		162,445
Revolving loans	2,931		2,931
Revolving Loans Converted to Term	0		0
Total	333,340		333,340
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	0	0
Commercial portfolio | Commercial real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023	36,975		36,975
2022	43,299		43,299
2021	49,204		49,204
2020	36,579		36,579
2019 & Prior	134,890		134,890
Revolving loans	2,931		2,931
Revolving Loans Converted to Term	0		0
Total	303,878		303,878
Commercial portfolio | Commercial real estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019 & Prior	24,788		24,788
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	24,788		24,788
Commercial portfolio | Commercial real estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	1,907		1,907
2019 & Prior	2,767		2,767
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	4,674		4,674
Commercial portfolio | Commercial real estate | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019 & Prior	0		0
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Commercial portfolio | Construction and land development
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019 & Prior	7,605		7,605
Revolving loans	21,059		21,059
Revolving Loans Converted to Term	0		0
Total	28,664		28,664
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	0	0
Commercial portfolio | Construction and land development | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019 & Prior	7,605		7,605
Revolving loans	5,168		5,168
Revolving Loans Converted to Term	0		0
Total	12,773		12,773
Commercial portfolio | Construction and land development | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019 & Prior	0		0
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Commercial portfolio | Construction and land development | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019 & Prior	0		0
Revolving loans	15,891		15,891
Revolving Loans Converted to Term	0		0
Total	15,891		15,891
Commercial portfolio | Construction and land development | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019 & Prior	0		0
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Commercial portfolio | Residential real estate lending
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Charge-offs			59
Retail portfolio | Residential real estate lending
Financing Receivable, Credit Quality Indicator [Line Items]
2023	58,581		58,581
2022	420,703		420,703
2021	343,544		343,544
2020	138,372		138,372
2019 & Prior	424,656		424,656
Revolving loans	2,715		2,715
Revolving Loans Converted to Term	0		0
Total	1,388,571		1,388,571
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023			0
2022			0
2021			0
2020			0
2019 & Prior			59
Revolving loans			0
Revolving Loans Converted to Term			0
Charge-offs	1	782	59	821
Retail portfolio | Residential real estate lending | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023	58,581		58,581
2022	419,947		419,947
2021	343,544		343,544
2020	138,079		138,079
2019 & Prior	423,366		423,366
Revolving loans	2,715		2,715
Revolving Loans Converted to Term	0		0
Total	1,386,232		1,386,232
Retail portfolio | Residential real estate lending | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019 & Prior	0		0
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Retail portfolio | Residential real estate lending | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	756		756
2021	0		0
2020	293		293
2019 & Prior	1,290		1,290
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	2,339		2,339
Retail portfolio | Residential real estate lending | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019 & Prior	0		0
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Retail portfolio | Consumer solar
Financing Receivable, Credit Quality Indicator [Line Items]
2023	14,895		14,895
2022	110,387		110,387
2021	137,820		137,820
2020	77,481		77,481
2019 & Prior	71,290		71,290
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	411,873		411,873
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023			0
2022			673
2021			1,530
2020			1,089
2019 & Prior			339
Revolving loans			0
Revolving Loans Converted to Term			0
Charge-offs	1,824		3,631
Retail portfolio | Consumer solar | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023	14,895		14,895
2022	109,512		109,512
2021	137,157		137,157
2020	76,696		76,696
2019 & Prior	71,108		71,108
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	409,368		409,368
Retail portfolio | Consumer solar | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019 & Prior	0		0
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Retail portfolio | Consumer solar | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	875		875
2021	663		663
2020	785		785
2019 & Prior	182		182
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	2,505		2,505
Retail portfolio | Consumer solar | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019 & Prior	0		0
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Retail portfolio | Consumer and Other
Financing Receivable, Credit Quality Indicator [Line Items]
2023	2,351		2,351
2022	16,167		16,167
2021	12,884		12,884
2020	0		0
2019 & Prior	12,733		12,733
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	44,135		44,135
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023			0
2022			0
2021			0
2020			0
2019 & Prior			239
Revolving loans			0
Revolving Loans Converted to Term			0
Charge-offs	221	$ 995	239	$ 1,863
Retail portfolio | Consumer and Other | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023	2,349		2,349
2022	15,895		15,895
2021	12,833		12,833
2020	0		0
2019 & Prior	12,733		12,733
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	43,810		43,810
Retail portfolio | Consumer and Other | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019 & Prior	0		0
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Retail portfolio | Consumer and Other | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	2		2
2022	272		272
2021	51		51
2020	0		0
2019 & Prior	0		0
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	325		325
Retail portfolio | Consumer and Other | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019 & Prior	0		0
Revolving loans	0		0
Revolving Loans Converted to Term	0		0
Total	$ 0		$ 0

LOANS RECEIVABLE, NET - Sched_3

LOANS RECEIVABLE, NET - Schedule of Loan Portfolio by Credit Quality Indicator (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	$ 4,251,738	$ 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	2,407,159	2,265,991
Commercial portfolio | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	949,403	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	1,095,752	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	333,340	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	28,664	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	1,844,579	1,835,778
Retail portfolio | Residential real estate lending
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	$ 1,388,571	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 - Sched_4

LOANS RECEIVABLE, NET - Schedule of Activity in Allowance by Portfolio (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Allowance for loan losses:
Beginning balance	$ 67,323	$ 37,542	$ 45,031	$ 35,866
Provision for (recovery of) credit losses	3,116	2,912	6,728	5,205
Charge-offs	(3,772)	(1,777)	(6,782)	(3,100)
Recoveries	764	800	1,225	1,506
Ending balance	67,431	39,477	67,431	39,477
Adoption of ASU No. 2016-13 | Accounting Standards Update 2016-13
Allowance for loan losses:
Beginning balance			21,229
Beginning balance - ACL
Allowance for loan losses:
Beginning balance			66,260
Commercial portfolio | Commercial and industrial
Allowance for loan losses:
Beginning balance	16,473	12,169	12,916	10,652
Provision for (recovery of) credit losses	2,008	2,442	1,745	3,953
Charge-offs	(1,726)	0	(1,726)	0
Recoveries	38	6	42	12
Ending balance	16,793	14,617	16,793	14,617
Commercial portfolio | Commercial and industrial | Adoption of ASU No. 2016-13 | Accounting Standards Update 2016-13
Allowance for loan losses:
Beginning balance			3,816
Commercial portfolio | Commercial and industrial | Beginning balance - ACL
Allowance for loan losses:
Beginning balance			16,732
Commercial portfolio | Multifamily
Allowance for loan losses:
Beginning balance	7,030	4,232	7,104	4,760
Provision for (recovery of) credit losses	(633)	165	1,603	53
Charge-offs	0	0	(1,127)	(416)
Recoveries	0	0	0	0
Ending balance	6,397	4,397	6,397	4,397
Commercial portfolio | Multifamily | Adoption of ASU No. 2016-13 | Accounting Standards Update 2016-13
Allowance for loan losses:
Beginning balance			(1,183)
Commercial portfolio | Multifamily | Beginning balance - ACL
Allowance for loan losses:
Beginning balance			5,921
Commercial portfolio | Commercial real estate
Allowance for loan losses:
Beginning balance	2,455	6,840	3,627	7,273
Provision for (recovery of) credit losses	(170)	(1,114)	(21)	(1,547)
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Ending balance	2,285	5,726	2,285	5,726
Commercial portfolio | Commercial real estate | Adoption of ASU No. 2016-13 | Accounting Standards Update 2016-13
Allowance for loan losses:
Beginning balance			(1,321)
Commercial portfolio | Commercial real estate | Beginning balance - ACL
Allowance for loan losses:
Beginning balance			2,306
Commercial portfolio | Construction and land development
Allowance for loan losses:
Beginning balance	354	654	825	405
Provision for (recovery of) credit losses	(30)	54	(35)	302
Charge-offs	0	0	0	0
Recoveries	0	1	0	2
Ending balance	324	709	324	709
Commercial portfolio | Construction and land development | Adoption of ASU No. 2016-13 | Accounting Standards Update 2016-13
Allowance for loan losses:
Beginning balance			(466)
Commercial portfolio | Construction and land development | Beginning balance - ACL
Allowance for loan losses:
Beginning balance			359
Commercial portfolio | Residential real estate lending
Allowance for loan losses:
Beginning balance			11,338
Provision for (recovery of) credit losses			600
Charge-offs			(59)
Recoveries			327
Ending balance	15,274		15,274
Commercial portfolio | Residential real estate lending | Adoption of ASU No. 2016-13 | Accounting Standards Update 2016-13
Allowance for loan losses:
Beginning balance			3,068
Commercial portfolio | Residential real estate lending | Beginning balance - ACL
Allowance for loan losses:
Beginning balance			14,406
Retail portfolio | Residential real estate lending
Allowance for loan losses:
Beginning balance	14,849	9,336	11,338	9,008
Provision for (recovery of) credit losses	337	1,076		792
Charge-offs	(1)	(782)	(59)	(821)
Recoveries	89	674		1,325
Ending balance	15,274	10,304	15,274	10,304
Retail portfolio | Consumer solar
Allowance for loan losses:
Beginning balance	22,762		6,867
Provision for (recovery of) credit losses	1,649		2,974
Charge-offs	(1,824)		(3,631)
Recoveries	631		842
Ending balance	23,218		23,218
Retail portfolio | Consumer solar | Adoption of ASU No. 2016-13 | Accounting Standards Update 2016-13
Allowance for loan losses:
Beginning balance			16,166
Retail portfolio | Consumer solar | Beginning balance - ACL
Allowance for loan losses:
Beginning balance			23,033
Retail portfolio | Consumer and Other
Allowance for loan losses:
Beginning balance	3,400	4,311	2,354	3,768
Provision for (recovery of) credit losses	(45)	289	(138)	1,652
Charge-offs	(221)	(995)	(239)	(1,863)
Recoveries	6	119	14	167
Ending balance	$ 3,140	$ 3,724	3,140	$ 3,724
Retail portfolio | Consumer and Other | Adoption of ASU No. 2016-13 | Accounting Standards Update 2016-13
Allowance for loan losses:
Beginning balance			1,149
Retail portfolio | Consumer and Other | Beginning balance - ACL
Allowance for loan losses:
Beginning balance			$ 3,503

LOANS RECEIVABLE, NET - Nonaccr

LOANS RECEIVABLE, NET - Nonaccrual (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with No Allowance	$ 19,723
Nonaccrual with Allowance	13,961
Reserve	4,994
Commercial portfolio
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with No Allowance	14,117
Nonaccrual with Allowance	13,961
Reserve	4,994
Commercial portfolio | Commercial and industrial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with No Allowance	654
Nonaccrual with Allowance	6,921
Reserve	4,259
Commercial portfolio | Multifamily
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with No Allowance	0
Nonaccrual with Allowance	2,376
Reserve	538
Commercial portfolio | Commercial real estate
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with No Allowance	4,660
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	4,664
Reserve	197
Retail portfolio
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with No Allowance	5,606
Nonaccrual with Allowance	0
Reserve	0
Retail portfolio | Residential real estate lending
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with No Allowance	2,470
Nonaccrual with Allowance	0
Reserve	0
Retail portfolio | Consumer solar
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with No Allowance	2,811
Nonaccrual with Allowance	0
Reserve	0
Retail portfolio | Consumer and Other
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual with No Allowance	325
Nonaccrual with Allowance	0
Reserve	$ 0

LOANS RECEIVABLE, NET - Depende

LOANS RECEIVABLE, NET - Dependent Collateral (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Loans receivable, net of deferred loan origination costs	$ 4,251,738		$ 4,106,002
Total allowance for loan losses	67,431	$ 67,323	45,031	$ 39,477	$ 37,542	$ 35,866
Commercial portfolio | Multifamily
Financing Receivable, Past Due [Line Items]
Loans receivable, net of deferred loan origination costs	1,095,752
Total allowance for loan losses	6,397	7,030	7,104	4,397	4,232	4,760
Commercial portfolio | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans receivable, net of deferred loan origination costs	333,340
Total allowance for loan losses	2,285	2,455	3,627	5,726	6,840	7,273
Commercial portfolio | Construction and land development
Financing Receivable, Past Due [Line Items]
Loans receivable, net of deferred loan origination costs	28,664
Total allowance for loan losses	324	$ 354	$ 825	$ 709	$ 654	$ 405
Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans receivable, net of deferred loan origination costs	25,716
Total allowance for loan losses	735
Commercial real estate | Commercial portfolio | Multifamily
Financing Receivable, Past Due [Line Items]
Loans receivable, net of deferred loan origination costs	2,376
Total allowance for loan losses	538
Commercial real estate | Commercial portfolio | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans receivable, net of deferred loan origination costs	4,673
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	18,667
Total allowance for loan losses	$ 197

LOANS RECEIVABLE, NET - Method

LOANS RECEIVABLE, NET - Method of Evaluating Impairment of Loans and Allowance (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 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	$ 4,251,738		4,101,769
Individually evaluated for impairment			5,668
Collectively evaluated for impairment			39,363
Total allowance for loan losses	67,431	$ 67,323	45,031	$ 39,477	$ 37,542	$ 35,866
Commercial portfolio
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans Receivable	2,407,159		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	949,403		925,641
Individually evaluated for impairment			5,433
Collectively evaluated for impairment			7,483
Total allowance for loan losses	16,793	16,473	12,916	14,617	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	1,095,752		967,521
Individually evaluated for impairment			180
Collectively evaluated for impairment			6,924
Total allowance for loan losses	6,397	7,030	7,104	4,397	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	333,340		335,133
Individually evaluated for impairment			0
Collectively evaluated for impairment			3,627
Total allowance for loan losses	2,285	2,455	3,627	5,726	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	28,664		37,696
Individually evaluated for impairment			0
Collectively evaluated for impairment			825
Total allowance for loan losses	324	354	825	709	654	405
Commercial portfolio | Residential real estate lending
Financing Receivable, Allowance for Credit Loss [Line Items]
Total allowance for loan losses	15,274		11,338
Retail portfolio
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans Receivable	1,844,579		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	1,388,571		1,371,779
Individually evaluated for impairment			55
Collectively evaluated for impairment			11,283
Total allowance for loan losses	$ 15,274	$ 14,849	11,338	$ 10,304	$ 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 - 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

DEPOSITS - Schedule of Deposits

DEPOSITS - Schedule of Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Amount
Non-interest-bearing demand deposit accounts	$ 2,958,104	$ 3,331,067
NOW accounts	199,262	206,434
Money market deposit accounts	2,744,411	2,445,396
Savings accounts	363,058	386,190
Time deposits	161,335	151,699
Brokered CDs	468,481	74,251
Total deposits	$ 6,894,651	$ 6,595,037
Weighted Average Rate
NOW accounts	0.95%	0.73%
Money market deposit accounts	2.02%	0.94%
Savings accounts	1.04%	0.75%
Time deposits	1.77%	2.57%
Brokered CDs	5.02%	3.84%
Deposits	1.27%	0.52%

DEPOSITS - Schedule of Maturiti

DEPOSITS - Schedule of Maturities of Time Deposits (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Balance
2023	$ 450,989
2024	53,986
2025	35,654
2026	34,682
2027	28,746
Thereafter	25,759
Total time deposits	$ 629,816

DEPOSITS - Narrative (Details)

DEPOSITS - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Statistical Disclosure for Banks [Abstract]
Time deposits above FDIC limit	$ 30.8	$ 36.2
CDARS deposits	48	28.3
Deposits from Workers United and its related entities	92.3	52.2
State and municipal deposits	$ 35.7	$ 88.3

BORROWED FUNDS (Details)

BORROWED FUNDS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Other eligible assets pledged as collateral	$ 2,000,000		$ 2,000,000
FHLBNY advances	0		0		$ 580,000
Interest expense on federal home loan bank and federal reserve bank advances,	1,400	$ 0	4,400	$ 0
Other borrowings	230,000		230,000		$ 0
Fed funds purchased, interest expense	2,100	$ 0	2,300	$ 0
Compromised Securities
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Other eligible assets pledged as collateral	394,300		394,300
Mortgage-related:
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Other eligible assets pledged as collateral	$ 1,600,000		$ 1,600,000

SUBORDINATED DEBT (Details)

SUBORDINATED DEBT (Details) - USD ($)		3 Months Ended		6 Months Ended
	Nov. 08, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 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		$ 73,766,000		$ 73,766,000			$ 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	1,200,000	1,400,000
Debt instrument, repurchase amount						$ 4,000,000		$ 3,000,000	$ 3,250,000
Net gain on repurchase of subordinated debt		$ 0	$ 0	$ 800,000	$ 0
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		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Number of antidilutive shares (in shares)	74	5	84	32

EARNINGS PER SHARE - Schedule o

EARNINGS PER SHARE - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Income attributable to common stock	$ 21,642	$ 19,613	$ 42,976	$ 33,778
Weighted average common shares outstanding, basic (in shares)	30,619	30,818	30,662	30,962
Basic earnings per common share (in dollars per share)	$ 0.71	$ 0.64	$ 1.40	$ 1.09
Income attributable to common stock	$ 21,642	$ 19,613	$ 42,976	$ 33,778
Incremental shares for assumed conversion of options and RSUs (in shares)	157	371	158	371
Weighted average common shares outstanding, diluted (in shares)	30,776	31,189	30,820	31,333
Diluted earnings per common share (in dollars per share)	$ 0.70	$ 0.63	$ 1.39	$ 1.08

EMPLOYEE BENEFIT PLANS - Stock

EMPLOYEE BENEFIT PLANS - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 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	2 years 9 months 18 days	3 years 3 months 18 days
Options Vested and Exercisable	2 years 9 months 18 days
Intrinsic Value (in thousands)
Options Outstanding	$ 1,234
Options Vested and Exercisable	$ 1,234

EMPLOYEE BENEFIT PLANS - Narrat

EMPLOYEE BENEFIT PLANS - Narrative (Details) - USD ($)		3 Months Ended		6 Months Ended
	Apr. 28, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 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		$ 1,234,000		$ 1,234,000
Exercise of stock options, net of repurchases (in shares)				29,320
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense		0	$ 0	$ 0	$ 0
Intrinsic value						$ 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 expense		$ 1,100,000	600,000	$ 2,000,000	$ 1,100,000
Number of shares authorized for stock-based awards (in shares)		1,300,000		1,300,000
Number of shares available for issuance (in shares)		1,265,610		1,265,610
Fair value of shares granted (in dollars per share)				$ 20.95
Stock repurchased and retired during period (in shares)				45,130	42,371
Unvested shares (in shares)		463,550		463,550		331,023
Restricted Stock Units | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense		$ 100,000	100,000	$ 200,000	$ 300,000
Restricted Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested shares (in shares)		333,596		333,596
Restricted Stock Units | Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)				135,837
Unrecognized compensation cost		$ 7,500,000		$ 7,500,000
Unrecognized compensation cost, period for recognition		2 years
Restricted Stock Units | Employee | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of achievable awards (in shares)				528,527
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		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		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]
Compensation expense		$ 18,900	$ 44,300	$ 77,000	$ 52,100
Number of shares authorized for stock-based awards (in shares)	500,000					478,081
Number of shares available for issuance (in shares)		448,327		448,327
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%
Grant period				6 months

EMPLOYEE BENEFIT PLANS - Restri

EMPLOYEE BENEFIT PLANS - Restricted Stock Units Activity (Details)	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Restricted Stock Units
Shares
Unvested at the beginning of the period (in shares) | shares	331,023
Forfeited/expired (in shares) | shares	(8,294)
Vested (in shares) | shares	(124,970)
Unvested at the end of the period (in shares) | shares	463,550
Grant Date Fair Value
Unvested at the beginning of the period (in dollars per share) | $ / shares	$ 17.72
Awarded (in dollars per share) | $ / shares	20.95
Forfeited/expired (in dollars per share) | $ / shares	15.74
Vested (in dollars per share) | $ / shares	16.66
Unvested at the end of the period (in dollars per share) | $ / shares	$ 19.48
Restricted Stock Units | Employee
Shares
Awarded (in shares) | shares	135,837
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			15 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Apr. 28, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for purchase (in shares)				478,081	500,000
Purchases (in shares)	(7,835)	(21,919)	(29,754)
Remaining shares available for purchase (in shares)	448,327		448,327

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Fair Value of Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	$ 1,580,248	$ 1,812,476
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	1,580,248	1,812,476
Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	194	192
Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	1,557,598	1,812,284
Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	22,456	0
Mortgage-related:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	705,206	807,608
GSE residential CMOs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	368,658	389,260
GSE residential CMOs | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	368,658	389,260
GSE residential CMOs | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	0	0
GSE residential CMOs | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	368,658	389,260
GSE residential CMOs | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	0	0
GSE commercial certificates & CMO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	139,492	213,786
GSE commercial certificates & CMO | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	139,492	213,786
GSE commercial certificates & CMO | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	0	0
GSE commercial certificates & CMO | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	139,492	213,786
GSE commercial certificates & CMO | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	0	0
Non-GSE residential certificates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	101,373	107,080
Non-GSE residential certificates | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	101,373	107,080
Non-GSE residential certificates | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried 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]
Total assets carried at fair value	101,373	107,080
Non-GSE residential certificates | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	0	0
Non-GSE commercial certificates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	95,683	97,482
Non-GSE commercial certificates | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	95,683	97,482
Non-GSE commercial certificates | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried 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]
Total assets carried at fair value	95,683	97,482
Non-GSE commercial certificates | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	0	0
Other debt:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	875,042	1,004,868
U.S. Treasury
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	194	192
U.S. Treasury | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	194	192
U.S. Treasury | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	194	192
U.S. Treasury | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried 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]
Total assets carried at fair value	0	0
ABS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	728,397	862,163
ABS | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	728,397	862,163
ABS | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	0	0
ABS | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	728,397	862,163
ABS | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	0	0
Trust preferred
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	10,134	10,143
Trust preferred | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	10,134	10,143
Trust preferred | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried 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]
Total assets carried at fair value	10,134	10,143
Trust preferred | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	0	0
Corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	113,861	132,370
Corporate | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	113,861	132,370
Corporate | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	0	0
Corporate | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	113,861	132,370
Corporate | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	0	$ 0
Residential PACE
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	22,456
Residential PACE | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	22,456
Residential PACE | Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	0
Residential PACE | Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	0
Residential PACE | Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets carried at fair value	$ 22,456

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Securities Measured on Non-Recurring Basis (Details) - Fair Value, Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually analyzed loans	$ 6,306
Impaired loans		$ 3,315
Total value of assets measured on non-recurring basis	6,306	3,315
Estimated Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually analyzed loans	6,306
Impaired loans		3,315
Total value of assets measured on non-recurring basis	6,306	3,315
Estimated Fair Value | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually analyzed loans	0
Impaired loans		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
Impaired loans		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	6,306
Impaired loans		3,315
Total value of assets measured on non-recurring basis	$ 6,306	$ 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	Jun. 30, 2023	Dec. 31, 2022
Financial assets:
Held-to-maturity securities	$ 1,476,941	$ 1,414,871
Financial liabilities:
FHLBNY advances	0	580,000
Other borrowings	230,000	0
Carrying Value
Financial assets:
Cash and cash equivalents	65,715	63,540
Held-to-maturity securities	1,654,531	1,541,301
Loans held for sale	2,458	7,943
Loans receivable, net	4,184,307	4,060,971
Accrued interest receivable	44,104
Resell agreements		25,754
Accrued interest and dividends receivable		41,441
Financial liabilities:
Subordinated debt, net	73,766	77,708
Accrued interest payable	5,661	1,218
Carrying Value | Deposits payable on demand
Financial liabilities:
Deposits	6,264,835	6,369,087
Carrying Value | Time deposits and brokered CDs
Financial liabilities:
Deposits	629,816	225,950
FHLBNY advances		580,000
Carrying Value | Other borrowings
Financial liabilities:
Other borrowings	230,000
Estimated Fair Value
Financial assets:
Cash and cash equivalents	65,715	63,540
Held-to-maturity securities	1,476,941	1,414,871
Loans held for sale	2,458	7,943
Loans receivable, net	3,833,150	3,718,308
Accrued interest receivable	44,104
Resell agreements		25,754
Accrued interest and dividends receivable		41,441
Financial liabilities:
Subordinated debt, net	59,013	68,966
Accrued interest payable	5,661	1,218
Estimated Fair Value | Deposits payable on demand
Financial liabilities:
Deposits	6,264,835	6,369,087
Estimated Fair Value | Time deposits and brokered CDs
Financial liabilities:
Deposits	625,002	225,805
FHLBNY advances		580,000
Estimated Fair Value | Other borrowings
Financial liabilities:
Other borrowings	228,258
Estimated Fair Value | Level 1
Financial assets:
Cash and cash equivalents	65,715	63,540
Held-to-maturity securities	0	0
Loans held for sale	0	0
Loans receivable, net	0	0
Accrued interest receivable	27
Resell agreements		0
Accrued interest and dividends receivable		17
Financial liabilities:
Subordinated debt, net	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	563,122	574,609
Loans held for sale	0
Loans receivable, net	0	0
Accrued interest receivable	12,434
Resell agreements		0
Accrued interest and dividends receivable		12,197
Financial liabilities:
Subordinated debt, net	59,013	68,966
Accrued interest payable	5,661	1,218
Estimated Fair Value | Level 2 | Deposits payable on demand
Financial liabilities:
Deposits	6,264,835	6,369,087
Estimated Fair Value | Level 2 | Time deposits and brokered CDs
Financial liabilities:
Deposits	625,002	225,805
FHLBNY advances		580,000
Estimated Fair Value | Level 2 | Other borrowings
Financial liabilities:
Other borrowings	228,258
Estimated Fair Value | Level 3
Financial assets:
Cash and cash equivalents	0	0
Held-to-maturity securities	913,819	840,262
Loans held for sale	2,458	7,943
Loans receivable, net	3,833,150	3,718,308
Accrued interest receivable	31,643
Resell agreements		25,754
Accrued interest and dividends receivable		29,227
Financial liabilities:
Subordinated debt, net	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	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	$ 664,792	$ 753,470
Commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	641,697	723,902
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	$ 23,095	$ 29,568

COMMITMENTS, CONTINGENCIES AN_4

COMMITMENTS, CONTINGENCIES AND OFF BALANCE SHEET RISK - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Reserve for credit risk inherent in off balance sheet credit commitments	$ 5.1		$ 5.1		$ 1.6
Allowance for credit losses on off-balance sheet credit exposures	0.8	$ 0	0.9	$ 0.3
Property Assessed Clean Energy Commitments
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Investment obligations, amount fulfilled	599.3		599.3
Remaining commitment	$ 132.4		$ 132.4

LEASES - Lease Cost and Other I

LEASES - Lease Cost and Other Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Operating lease cost	$ 1,795	$ 2,257	$ 3,572	$ 4,508
Cash paid for amounts included in the measurement of operating leases liability	$ 2,816	$ 2,632	$ 5,629	$ 5,262

LEASES - Narrative (Details)

LEASES - Narrative (Details)	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Weighted average remaining lease term	3 years 3 months 18 days	4 years 4 months 24 days
Weighted average discount rate	3.23%	3.25%

LEASES - Remaining Commitments

LEASES - Remaining Commitments of Operating Lease Payments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2023	$ 5,665
2024	11,324
2025	10,593
2026	9,200
2027	959
Thereafter	0
Total undiscounted operating lease payments	37,741
Less: present value adjustment	1,940
Total Operating leases liability	$ 35,801	$ 40,779

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 12,936		$ 12,936		$ 12,936
Accumulated amortization of intangible assets	6,400		6,400
Amortization of intangible assets	$ 222	$ 261	$ 444	$ 523

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Schedule of Estimated Amortization Expense (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Total
2023	$ 444
2024	730
2025	574
2026	419
2027	265
Thereafter	229
Total	$ 2,661

VARIABLE INTEREST ENTITIES - Na

VARIABLE INTEREST ENTITIES - Narrative (Details) $ in Millions	Jun. 30, 2023 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Maximum exposure to credit loss	$ 66.9

VARIABLE INTEREST ENTITIES - Un

VARIABLE INTEREST ENTITIES - Unconsolidated Variable Interest Entities (Details) - Unconsolidated Variable Interest Entities - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Tax credit investments included in equity investments	$ 6,651	$ 3,299
Loans and letters of credit commitments	60,276	60,857
Funded portion of loans and letters of credit commitments	$ 53,945	$ 47,683

VARIABLE INTEREST ENTITIES - Ta

VARIABLE INTEREST ENTITIES - Tax Credit Benefit (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Unconsolidated Variable Interest Entities
Variable Interest Entity [Line Items]
Tax credits and other tax benefits recognized	$ 813	$ 668	$ 1,600	$ 1,336