Dime Community Bancshares (DCOM) 10-Q2 May 242024 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2024	Apr. 30, 2024
Entity Listings [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2024
Entity File Number	001-34096
Entity Registrant Name	DIME COMMUNITY BANCSHARES, INC.
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	11-2934195
Entity Address, Address Line One	898 Veterans Memorial Highway
Entity Address, City or Town	Suite 560, Hauppauge
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11788
City Area Code	631
Local Phone Number	537-1000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		38,970,051
Entity Central Index Key	0000846617
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Stock
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, $0.01 Par Value
Trading Symbol	DCOM
Security Exchange Name	NASDAQ
Preferred Stock, Series A
Entity Listings [Line Items]
Title of 12(b) Security	Preferred Stock, Series A, $0.01 Par Value
Trading Symbol	DCOMP
Security Exchange Name	NASDAQ

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets:
Cash and due from banks	$ 370,852	$ 457,547
Securities available-for-sale, at fair value	859,216	886,240
Securities held-to-maturity	589,331	594,639
Loans held for sale	8,973	10,159
Loans held for investment, net of fees and costs	10,764,583	10,773,428
Allowance for credit losses	(76,068)	(71,743)
Total loans held for investment, net	10,688,515	10,701,685
Premises and fixed assets, net	44,501	44,868
Premises held for sale		905
Restricted stock	74,346	98,750
Bank Owned Life Insurance ("BOLI")	352,277	349,816
Goodwill	155,797	155,797
Other intangible assets	4,753	5,059
Operating lease assets	51,988	52,729
Derivative assets	135,162	122,132
Accrued interest receivable	55,369	55,666
Other assets	110,012	100,013
Total assets	13,501,092	13,636,005
Liabilities:
Interest-bearing deposits	7,977,994	7,585,020
Non-interest-bearing deposits	2,819,481	2,884,378
Deposits (excluding mortgage escrow deposits)	10,797,475	10,469,398
Non-interest-bearing mortgage escrow deposits	101,229	61,121
Interest-bearing mortgage escrow deposits	173	136
Mortgage escrow deposits	101,402	61,257
Federal Home Loan Bank of New York ("FHLBNY") advances	773,000	1,313,000
Subordinated debt, net	200,174	200,196
Derivative cash collateral	132,900	108,100
Operating lease liabilities	54,727	55,454
Derivative liabilities	122,112	121,265
Other liabilities	79,931	81,110
Total liabilities	12,261,721	12,409,780
Commitments and contingencies
Stockholders' equity:
Preferred stock, Series A ($0.01 par, $25.00 liquidation value, 10,000,000 shares authorized and 5,299,200 shares issued and outstanding at March 31, 2024 and December 31, 2023)	116,569	116,569
Common stock ($0.01 par, 80,000,000 shares authorized, 41,637,256 shares issued at March 31, 2024 and December 31, 2023, and 38,931,833 shares and 38,822,654 shares outstanding at March 31, 2024 and December 31, 2023, respectively)	416	416
Additional paid-in capital	492,834	494,454
Retained earnings	819,130	813,007
Accumulated other comprehensive loss, net of deferred taxes	(85,466)	(91,579)
Unearned equity awards	(10,191)	(8,622)
Treasury stock, at cost (2,705,423 shares and 2,814,602 shares at March 31, 2024 and December 31, 2023, respectively)	(93,921)	(98,020)
Total stockholders' equity	1,239,371	1,226,225
Total liabilities and stockholders' equity	$ 13,501,092	$ 13,636,005

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) (Parenthetical) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Stockholders' equity:
Preferred stock, Series A, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, Series A, liquidation value (in dollars per share)	$ 25	$ 25
Preferred stock, Series A, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, Series A, shares issued (in shares)	5,299,200	5,299,200
Preferred stock, Series A, shares outstanding (in shares)	5,299,200	5,299,200
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	80,000,000	80,000,000
Common stock, shares issued (in shares)	41,637,256	41,637,256
Common stock, shares outstanding (in shares)	38,931,833	38,822,654
Treasury stock (in shares)	2,705,423	2,814,602

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income:
Loans	$ 143,565	$ 128,439
Securities	7,880	8,431
Other short-term investments	9,564	3,802
Total interest income	161,009	140,672
Interest expense:
Deposits and escrow	73,069	37,272
Borrowed funds	14,697	16,171
Derivative cash collateral	1,713	1,477
Total interest expense	89,479	54,920
Net interest income	71,530	85,752
Provision (recovery) for credit losses	5,210	(3,648)
Net interest income after provision (recovery) for credit losses	66,320	89,400
Non-interest income:
Service charges and other fees	4,544	3,814
Title fees	133	292
Loan level derivative income	406	3,133
BOLI income	2,461	2,163
Gain on sale of SBA loans	253	516
Gain on sale of residential loans	77	48
Fair value change in equity securities and loans held for sale	(842)
Net loss on sale of securities		(1,447)
Gain on sale of other assets	2,968
Other	467	482
Total non-interest income	10,467	9,001
Non-interest expense:
Salaries and employee benefits	32,037	26,634
Severance	42	25
Occupancy and equipment	7,368	7,373
Data processing costs	4,313	4,238
Marketing	1,497	1,449
Professional services	1,467	1,923
Federal deposit insurance premiums	2,239	1,873
Loss from extinguishment of debt for FHLBNY advances	453
Amortization of other intangible assets	307	377
Other	2,788	3,583
Total non-interest expense	52,511	47,475
Income before income taxes	24,276	50,926
Income tax expense	6,585	13,623
Net income	17,691	37,303
Preferred stock dividends	1,821	1,821
Net income available to common stockholders	$ 15,870	$ 35,482
Earnings per common share:
Basic (in dollars per share)	$ 0.41	$ 0.92
Diluted (in dollars per share)	$ 0.41	$ 0.92

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
Net income	$ 17,691	$ 37,303
Other comprehensive income (loss):
Change in net unrealized gain (loss) during the period	3,344	(2,302)
Reclassification adjustment for net losses included in net loss on sale of securities and other assets		1,447
Accretion of net unrealized loss on securities transferred to held-to-maturity	718	757
Change in pension and other postretirement obligations:
Reclassification adjustment for expense included in other expense	(317)	(370)
Change in the net actuarial gain	520	221
Change in unrealized gain (loss) on derivatives:
Change in net unrealized gain (loss) during the period	2,145	(2,111)
Reclassification adjustment for expense included in interest expense	2,435	(313)
Other comprehensive income (loss) before income taxes	8,845	(2,671)
Deferred tax expense	2,732	1,588
Total other comprehensive income (loss), net of tax	6,113	(4,259)
Total comprehensive income	$ 23,804	$ 33,044

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss, Net of Deferred Taxes	Unearned Equity Awards	Treasury Stock, at Cost	Total
Balance at Dec. 31, 2022	$ 116,569	$ 416	$ 495,410	$ 762,762	$ (94,379)	$ (8,078)		$ 1,169,583
Balance (in shares) at Dec. 31, 2022		38,573,000
Treasury Stock, at cost, beginning balance at Dec. 31, 2022							$ (103,117)
Increase (Decrease) in Stockholders' Equity
Net income				37,303				37,303
Other comprehensive income (loss), net of tax					(4,259)			(4,259)
Release of shares, net of forfeitures			(1,608)			(6,692)	8,507	207
Release of shares, net of forfeitures (in shares)		293,106
Stock-based compensation						1,302		1,302
Shares received related to tax withholding			(1)				(1,112)	(1,113)
Shares received related to tax withholding (in shares)		(36,932)
Cash dividends declared to preferred stockholders				(1,821)				(1,821)
Cash dividends declared to common stockholders				(9,234)				(9,234)
Purchase of treasury stock							(715)	(715)
Purchase of treasury stock (in shares)		(24,813)
Balance at Mar. 31, 2023	116,569	$ 416	493,801	789,010	(98,638)	(13,468)		1,191,253
Balance (in shares) at Mar. 31, 2023		38,804,361
Treasury Stock, at cost, ending balance at Mar. 31, 2023							(96,437)
Balance at Dec. 31, 2023	116,569	$ 416	494,454	813,007	(91,579)	(8,622)		$ 1,226,225
Balance (in shares) at Dec. 31, 2023		38,822,654						38,822,654
Treasury Stock, at cost, beginning balance at Dec. 31, 2023							(98,020)	$ (98,020)
Increase (Decrease) in Stockholders' Equity
Net income				17,691				17,691
Other comprehensive income (loss), net of tax					6,113			6,113
Release of shares, net of forfeitures			(1,619)			(3,299)	5,128	210
Release of shares, net of forfeitures (in shares)		155,782
Stock-based compensation						1,730		1,730
Shares received related to tax withholding			(1)				(1,029)	(1,030)
Shares received related to tax withholding (in shares)		(46,603)
Cash dividends declared to preferred stockholders				(1,821)				(1,821)
Cash dividends declared to common stockholders				(9,747)				(9,747)
Balance at Mar. 31, 2024	$ 116,569	$ 416	$ 492,834	$ 819,130	$ (85,466)	$ (10,191)		$ 1,239,371
Balance (in shares) at Mar. 31, 2024		38,931,833						38,931,833
Treasury Stock, at cost, ending balance at Mar. 31, 2024							$ (93,921)	$ (93,921)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 17,691	$ 37,303
Adjustments to reconcile net income to net cash provided by operating activities:
Net loss on sale of securities available-for-sale		1,447
Gain on sale of other assets	(2,968)
Fair value change in equity securities and loans held for sale	842
Net gain on sale of loans held for sale	(330)	(564)
Net depreciation, amortization and accretion	1,574	1,602
Amortization of fair value hedge basis point adjustments	628
Amortization of other intangible assets	307	377
Loss on extinguishment of debt	453
Stock-based compensation	1,730	1,302
Provision (recovery) for credit losses	5,210	(3,648)
Originations of loans held for sale	(2,432)	(2,220)
Proceeds from sale of loans originated for sale	6,439	8,940
Increase in cash surrender value of BOLI	(2,461)	(2,163)
(Increase) decrease in other assets	(10,955)	2,837
Increase (decrease) in other liabilities	15,009	(31,796)
Net cash provided by operating activities	30,737	13,417
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales of securities available-for-sale		77,804
Purchases of securities available-for-sale		(78,157)
Purchases of securities held-to-maturity		(23,739)
Proceeds from calls and principal repayments of securities available-for-sale	29,679	21,000
Proceeds from calls and principal repayments of securities held-to-maturity	6,112	4,714
Loans purchased	(3,915)
Decrease (Increase) in loans	7,644	(175,002)
(Purchases) of fixed assets, net	(1,378)	(787)
Proceeds from the sale of fixed assets and premises held for sale	3,879
Purchases of restricted stock, net	24,404	(16,513)
Net cash (provided by) used in investing activities	66,425	(190,680)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in deposits	368,250	315,884
(Repayments) proceeds from FHLBNY advances, short-term, net	(540,000)	205,000
Proceeds from FHLBNY advances, long-term		162,000
Proceeds of other short-term borrowings, net		708
Release of stock for benefit plan awards	210	207
Payments related to tax withholding for equity awards	(1,030)	(1,113)
Purchase of treasury stock		(715)
Cash dividends paid to preferred stockholders	(1,821)	(1,821)
Cash dividends paid to common stockholders	(9,466)	(9,052)
Net cash (used in) provided by financing activities	(183,857)	671,098
(Decrease) Increase in cash and cash equivalents	(86,695)	493,835
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	457,547	169,297
CASH AND CASH EQUIVALENTS, END OF PERIOD	370,852	663,132
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for income taxes	6,684	1,970
Cash paid for interest	86,656	47,401
Loans transferred to held for sale	3,468	8,232
Operating lease assets in exchange for operating lease liabilities	$ 2,224	$ 2,173

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
BASIS OF PRESENTATION	Mar. 31, 2024
BASIS OF PRESENTATION
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION Dime Community Bancshares, Inc. (the “ Holding Company”) is engaged in commercial banking and financial services through its wholly-owned subsidiary, Dime Community Bank (“the Bank”). The Bank was established in 1910 and is headquartered in Hauppauge, New York. The Holding Company was incorporated under the laws of the State of New York in 1988 to serve as the holding company for the Bank. The Holding Company functions primarily as the holder of all of the Bank’s common stock. Our bank operations include Dime Community Inc., a real estate investment trust subsidiary which was formerly known as Bridgehampton Community, Inc., as an operating subsidiary. Our bank operations also include Dime Abstract LLC (“Dime Abstract”), a wholly-owned subsidiary of the Bank, which is a broker of title insurance services. In September 2021, the Company dissolved two REITs, DSBW Preferred Funding Corporation and DSBW Residential Preferred Funding Corporation, which were wholly-owned subsidiaries of the Bank, and the preferred shares outstanding were redeemed by their shareholders. As of March 31, 2024, we operated 60 branch locations throughout Long Island and the New York City boroughs of Brooklyn, Queens, Manhattan, Bronx, and Staten Island. The unaudited Consolidated Financial Statements presented in this Quarterly Report on Form 10-Q include the collective results of the Holding Company and its wholly-owned subsidiary, the Bank, which are collectively herein referred to as “we”, “us”, “our” and the “Company.” 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 unaudited Consolidated Financial Statements included herein reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. In preparing the interim financial statements, management has made estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reported periods. Such estimates are subject to change in the future as additional information becomes available or previously existing circumstances are modified. Actual future results could differ significantly from those estimates. The annualized results of operations for the three months ended March 31, 2024 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”). Certain reclassifications have been made to prior year amounts, and the related discussion and analysis, to conform to the current year presentation. These reclassifications did not have an impact on net income or total stockholders' equity. The unaudited Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, which remain significantly unchanged and have been followed similarly as in prior periods.

SUMMARY OF ACCOUNTING POLICIES

SUMMARY OF ACCOUNTING POLICIES	3 Months Ended
SUMMARY OF ACCOUNTING POLICIES	Mar. 31, 2024
SUMMARY OF ACCOUNTING POLICIES
SUMMARY OF ACCOUNTING POLICIES	2. SUMMARY OF ACCOUNTING POLICIES Summary of Significant Accounting Policies In the opinion of management, the accompanying unaudited condensed Consolidated Financial Statements contain all adjustments necessary for a fair presentation of the Company’s financial condition as of March 31, 2024 and December 31, 2023, the results of operations and statements of comprehensive income for the three months ended March 31, 2024 and 2023, the changes in stockholders’ equity for the three months ended March 31, 2024 and 2023, and cash flows for the three months ended March 31, 2024 and 2023. Please see "Part I - Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations - Critical Accounting Policies" for a discussion of areas in the accompanying unaudited condensed Consolidated Financial Statements utilizing significant estimates.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	3 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	Mar. 31, 2024
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	3. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Activity in accumulated other comprehensive income (loss), net of tax, was as follows: Total Accumulated Defined Other Benefit Comprehensive (In thousands) Securities Plans Derivatives Income (Loss) Balance as of January 1, 2024 $ (90,242) $ (6,430) $ 5,093 $ (91,579) Other comprehensive income (loss) before reclassifications 2,360 361 1,457 4,178 Amounts reclassified from accumulated other comprehensive income (loss) 490 (216) 1,661 1,935 Net other comprehensive income during the period 2,850 145 3,118 6,113 Balance as of March 31, 2024 $ (87,392) $ (6,285) $ 8,211 $ (85,466) Balance as of January 1, 2023 $ (100,870) $ (5,266) $ 11,757 $ (94,379) Other comprehensive (loss) income before reclassifications (4,313) 155 (1,172) (5,330) Amounts reclassified from accumulated other comprehensive income (loss) 1,551 (260) (220) 1,071 Net other comprehensive loss during the period (2,762) (105) (1,392) (4,259) Balance as of March 31, 2023 $ (103,632) $ (5,371) $ 10,365 $ (98,638) The before and after tax amounts allocated to each component of other comprehensive income (loss) are presented in the table below for the periods indicated. Three Months Ended March 31, (In thousands) 2024 2023 Change in unrealized gain (loss) on securities: Change in net unrealized gain (loss) during the period $ 3,344 $ (2,302) Reclassification adjustment for net losses included in net loss on sale of securities and other assets — 1,447 Accretion of net unrealized loss on securities transferred to held-to-maturity 718 757 Net change 4,062 (98) Tax expense 1,212 2,664 Net change in unrealized gain (loss) on securities, net of reclassification adjustments and tax 2,850 (2,762) Change in pension and other postretirement obligations: Reclassification adjustment for expense included in other expense (317) (370) Change in the net actuarial gain 520 221 Net change 203 (149) Tax expense (benefit) 58 (44) Net change in pension and other postretirement obligations 145 (105) Change in unrealized gain (loss) on derivatives: Change in net unrealized gain (loss) during the period 2,145 (2,111) Reclassification adjustment for expense included in interest expense 2,435 (313) Net change 4,580 (2,424) Tax expense (benefit) 1,462 (1,032) Net change in unrealized gain (loss) on derivatives, net of reclassification adjustments and tax 3,118 (1,392) Other comprehensive income (loss), net of tax $ 6,113 $ (4,259)

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	3 Months Ended
EARNINGS PER COMMON SHARE	Mar. 31, 2024
EARNINGS PER COMMON SHARE
EARNINGS PER COMMON SHARE	4. EARNINGS PER COMMON SHARE Basic earnings per share (“EPS”) is computed by dividing net income available to common stockholders by the weighted-average common shares outstanding during the reporting period. Diluted EPS is computed using the same method as basic EPS, but reflects the potential dilution that would occur if "in the money" stock options were exercised and converted into common stock. In determining the weighted-average shares outstanding for basic and diluted EPS, treasury shares are excluded. Vested restricted stock award (“RSA”) shares are included in the calculation of the weighted-average shares outstanding for basic and diluted EPS. Unvested RSA and performance-based share awards (“PSA”) shares not yet awarded are recognized as a special class of participating securities under ASC 260, and are included in the calculation of the weighted-average shares outstanding for basic and diluted EPS. Basic and diluted EPS on common stock and the basic and diluted EPS on participating securities are the same. The following is a reconciliation of the numerators and denominators of basic and diluted EPS for the periods presented: Three Months Ended March 31, (In thousands except share and per share amounts) 2024 2023 Net income available to common stockholders $ 15,870 $ 35,482 Less: Dividends paid and earnings allocated to participating securities (257) (383) Income attributable to common stock $ 15,613 $ 35,099 Weighted-average common shares outstanding, including participating securities 38,884,434 38,568,640 Less: weighted-average participating securities (628,876) (417,175) Weighted-average common shares outstanding 38,255,558 38,151,465 Basic EPS $ 0.41 $ 0.92 Income attributable to common stock $ 15,613 $ 35,099 Weighted-average common shares outstanding 38,255,558 38,151,465 Weighted-average common equivalent shares outstanding — — Weighted-average common and equivalent shares outstanding 38,255,558 38,151,465 Diluted EPS $ 0.41 $ 0.92 Common and equivalent shares resulting from the dilutive effect of "in-the-money" outstanding stock options are calculated based upon the excess of the average market value of the common stock over the exercise price of outstanding in-the-money stock options during the period. There were 26,995 and 92,137 weighted-average stock options outstanding for the three months ended March 31, 2024 and 2023, which were not considered in the calculation of diluted EPS since their exercise prices exceeded the average market price during the period.

PREFERRED STOCK

PREFERRED STOCK	3 Months Ended
PREFERRED STOCK	Mar. 31, 2024
PREFERRED STOCK
PREFERRED STOCK	5. PREFERRED STOCK On February 5, 2020, Legacy Dime completed an underwritten public offering of 2,999,200 shares, or $75.0 million in aggregate liquidation preference, of its 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, par value $0.01 per share, with a liquidation preference of $25.00 per share (the “Legacy Dime Preferred Stock”). The net proceeds received from the issuance of preferred stock at the time of closing were $72.2 million. On June 10, 2020, Legacy Dime completed an underwritten public offering, a reopening of its February 5, 2020, original issuance, of 2,300,000 shares, or $57.5 million in aggregate liquidation preference, of the Legacy Dime Preferred Stock. The net proceeds received from the issuance of preferred stock at the time of closing were $44.3 million. At the Effective Time of the Merger, each outstanding share of the Legacy Dime Preferred Stock was converted into the right to receive one share of a newly created series of the Company’s preferred stock having the same powers, preferences and rights as the Legacy Dime Preferred Stock. The Company expects to pay dividends when, as, and if declared by its board of directors, at a fixed rate of 5.50% per annum, payable quarterly, in arrears, on February 15, May 15, August 15 and November 15 of each year. The preferred stock is perpetual and has no stated maturity. The Company may redeem the preferred stock at its option at a redemption price equal to $25.00 per share, plus any declared and unpaid dividends (without regard to any undeclared dividends), subject to regulatory approval, on or after June 15, 2025, or within 90 days following a regulatory capital treatment event, as described in the prospectus supplement and accompanying prospectus relating to the offering.

SECURITIES

SECURITIES	3 Months Ended
SECURITIES	Mar. 31, 2024
SECURITIES
SECURITIES	6. SECURITIES The following tables summarize the major categories of securities as of the dates indicated: March 31, 2024 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value Securities available-for-sale: Agency notes $ 10,000 $ — $ (591) $ 9,409 Treasury securities 238,622 — (10,451) 228,171 Corporate securities 169,954 255 (19,964) 150,245 Pass-through mortgage-backed securities ("MBS") issued by government sponsored entities ("GSEs") 221,666 16 (25,806) 195,876 Agency CMOs 297,445 20 (47,625) 249,840 State and municipal obligations 27,654 — (1,979) 25,675 Total securities available-for-sale $ 965,341 $ 291 $ (106,416) $ 859,216 March 31, 2024 Gross Gross Amortized Unrecognized Unrecognized Fair (In thousands) Cost Gains Losses Value Securities held-to-maturity: Agency notes $ 89,666 $ — $ (11,891) $ 77,775 Corporate securities 9,000 — (1,530) 7,470 Pass-through MBS issued by GSEs 275,907 — (41,743) 234,164 Agency CMOs 214,758 — (29,449) 185,309 Total securities held-to-maturity $ 589,331 $ — $ (84,613) $ 504,718 December 31, 2023 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value Securities available-for-sale: Agency notes $ 10,000 $ — $ (629) $ 9,371 Treasury securities 245,877 — (11,687) 234,190 Corporate securities 174,978 — (23,808) 151,170 Pass-through MBS issued by GSEs 230,253 10 (24,978) 205,285 Agency CMOs 305,860 46 (46,491) 259,415 State and municipal obligations 28,741 — (1,932) 26,809 Total securities available-for-sale $ 995,709 $ 56 $ (109,525) $ 886,240 December 31, 2023 Gross Gross Amortized Unrecognized Unrecognized Fair (In thousands) Cost Gains Losses Value Securities held-to-maturity: Agency notes $ 89,563 $ — $ (11,300) $ 78,263 Corporate securities 9,000 — (1,825) 7,175 Pass-through MBS issued by GSEs 279,853 — (37,579) 242,274 Agency CMOs 216,223 16 (27,021) 189,218 Total securities held-to-maturity $ 594,639 $ 16 $ (77,725) $ 516,930 There were no transfers to or from securities held-to-maturity during the three months ended March 31, 2024 and 2023. The carrying amount of securities pledged at March 31, 2024 and December 31, 2023 was $616.7 million and $457.7 million, respectively. At March 31, 2024 and December 31, 2023, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders' equity. The amortized cost and fair value of securities are shown by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. March 31, 2024 Amortized Fair (In thousands) Cost Value Available-for-sale Within one year $ 124,638 $ 121,393 One to five years 164,579 153,104 Five to ten years 157,013 139,003 Beyond ten years — — Pass-through MBS issued by GSEs and agency CMOs 519,111 445,716 Total $ 965,341 $ 859,216 Held-to-maturity Within one year $ — $ — One to five years 19,795 18,292 Five to ten years 78,871 66,953 Beyond ten years — — Pass-through MBS issued by GSEs and agency CMOs 490,665 419,473 Total $ 589,331 $ 504,718 The following table presents the information related to sales of securities available-for-sale as of the periods indicated: Three Months Ended March 31, (In thousands) 2024 2023 Securities available-for-sale Proceeds $ — $ 77,804 Gross gains — 130 Tax expense on gains — 39 Gross losses — 1,577 Tax benefit on losses — 467 There were no sales of securities held-to-maturity during the three months ended March 31, 2024 and 2023, respectively. The following table summarizes the gross unrealized losses and fair value of securities available-for-sale aggregated by investment category and the length of time the securities were in a continuous unrealized loss position as of the dates indicated: March 31, 2024 Less than 12 12 Consecutive Consecutive Months Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Value Losses Value Losses Value Losses Securities available-for-sale: Agency notes $ — $ — $ 9,409 $ 591 $ 9,409 $ 591 Treasury securities — — 228,171 10,451 228,171 10,451 Corporate securities 6,337 500 128,603 19,464 134,940 19,964 Pass-through MBS issued by GSEs — — 194,066 25,806 194,066 25,806 Agency CMOs 2,459 11 242,361 47,614 244,820 47,625 State and municipal obligations 3,489 11 22,186 1,968 25,675 1,979 December 31, 2023 Less than 12 12 Consecutive Consecutive Months Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Value Losses Value Losses Value Losses Securities available-for-sale: Agency Notes $ — $ — $ 9,371 $ 629 $ 9,371 $ 629 Treasury securities — — 234,190 11,687 234,190 11,687 Corporate securities 20,935 917 130,235 22,891 151,170 23,808 Pass-through MBS issued by GSEs — — 203,469 24,978 203,469 24,978 Agency CMOs — — 251,900 46,491 251,900 46,491 State and municipal obligations 1,796 54 21,513 1,878 23,309 1,932 As of March 31, 2024, 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. Additionally, given the high-quality composition of the Company’s held-to-maturity portfolio, the Company did not record an allowance for credit losses on the held-to-maturity portfolio. With respect to certain classes of debt securities, primarily U.S. Treasuries and securities issued by Government Sponsored Entities, the Company considers the history of credit losses, current conditions and reasonable and supportable forecasts, which may indicate that the expectation that nonpayment of the amortized cost basis is or continues to be zero, even if the U.S. government were to technically default. Accrued interest receivable on securities totaling $3.3 million and $5.3 million at March 31, 2024 and December 31, 2023, respectively, was included in other assets in the Consolidated Statement of Condition and excluded from the amortized cost and estimated fair value totals in the table above. Management evaluates available-for-sale debt securities in unrealized loss positions to determine whether the impairment is due to credit-related factors or noncredit-related factors. Consideration is given to (1) the extent to which the fair value is less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the security for a period of time sufficient to allow for any anticipated recovery in fair value. At March 31, 2024, substantially all of the securities in an unrealized loss position had a fixed interest rate and the cause of the temporary impairment was directly related to changes in interest rates. The Company generally views changes in fair value caused by changes in interest rates as temporary, which is consistent with its experience. The following major security types held by the Company are all issued by U.S. government entities and agencies and therefore either explicitly or implicitly guaranteed by the U.S. government: Agency Notes, Treasury Securities, Pass-through MBS issued by GSEs, Agency Collateralized Mortgage Obligations. Substantially all of the corporate bonds within the portfolio have maintained an investment grade rating by either Kroll, Egan-Jones, Fitch, Moody’s or Standard and Poor’s. None of the unrealized losses are related to credit quality of the issuer. Substantially all of the state and municipal obligations within the portfolio have all maintained an investment grade rating by either Moody’s or Standard and Poor’s. The Company does not have the intent to sell these securities and it is more likely than not that it will not be required to sell the securities before their anticipated recovery. The issuers continue to make timely principal and interest payments on the debt. The fair value is expected to recover as the securities approach maturity.

LOANS HELD FOR INVESTMENT, NET

LOANS HELD FOR INVESTMENT, NET	3 Months Ended
LOANS HELD FOR INVESTMENT, NET	Mar. 31, 2024
LOANS HELD FOR INVESTMENT, NET
LOANS HELD FOR INVESTMENT, NET	7. LOANS HELD FOR INVESTMENT, NET The following table presents the loan categories for the period ended as indicated: (In thousands) March 31, 2024 December 31, 2023 Business loans (1) $ 2,326,962 $ 2,308,171 One-to-four family residential and cooperative/condominium apartment 873,335 887,555 Multifamily residential and residential mixed-use 3,996,548 4,017,176 Non-owner-occupied commercial real estate 3,385,898 3,379,667 Acquisition, development, and construction ("ADC") 175,352 168,513 Other loans 5,170 5,755 Total 10,763,265 10,766,837 Fair value hedge basis point adjustments (2) 1,318 6,591 Total loans, net of fair value hedge basis point adjustments 10,764,583 10,773,428 Allowance for credit losses (76,068) (71,743) Loans held for investment, net $ 10,688,515 $ 10,701,685 (1) (2) T he loan portfolio included a fair value hedge basis point adjustment to the carrying amount of hedged owner-occupied commercial real estate in business loans, one-to-four family residential mortgage loans, multifamily residential mortgage loans and non-owner occupied commercial real estate loans. The following tables present data regarding the allowance for credit losses activity for the periods indicated: At or for the Three Months Ended March 31, 2024 One-to-Four Family Multifamily Residential and Residential Cooperative/ and Non-Owner-Occupied Business Condominium Residential Commercial Other (In thousands) Loans Apartment Mixed-Use Real Estate ADC Loans Total Allowance for credit losses: Beginning balance $ 35,962 $ 6,813 $ 7,237 $ 19,623 $ 1,989 $ 119 $ 71,743 Provision (recovery) for credit losses 734 160 3,934 (178) 333 81 5,064 Charge-offs (796) — — — — (30) (826) Recoveries 81 — — — — 6 87 Ending balance $ 35,981 $ 6,973 $ 11,171 $ 19,445 $ 2,322 $ 176 $ 76,068 At or for the Three Months Ended March 31, 2023 One-to-Four Family Multifamily Residential and Residential Cooperative/ and Non-Owner-Occupied Business Condominium Residential Commercial Other (In thousands) Loans Apartment Mixed-Use Real Estate ADC Loans Total Allowance for credit losses: Beginning balance $ 47,029 $ 5,969 $ 8,360 $ 20,153 $ 1,723 $ 273 $ 83,507 (Recovery) provision for credit losses (1,608) 43 (747) (2,077) 792 (34) (3,631) Charge-offs (2,029) — — — — (1) (2,030) Recoveries 487 — — — — 2 489 Ending balance $ 43,879 $ 6,012 $ 7,613 $ 18,076 $ 2,515 $ 240 $ 78,335 The following tables present the amortized cost basis of loans on non-accrual status as of the periods indicated: March 31, 2024 Non-accrual with Non-accrual with (In thousands) No Allowance Allowance Reserve Business loans $ 3,310 $ 14,903 $ 12,800 One-to-four family residential and cooperative/condominium apartment — 3,689 145 Non-owner-occupied commercial real estate — 15 15 ADC 12,253 657 287 Total $ 15,563 $ 19,264 $ 13,247 December 31, 2023 Non-accrual with Non-accrual with (In thousands) No Allowance Allowance Reserve Business loans $ 3,780 $ 14,794 $ 13,127 One-to-four family residential and cooperative/condominium apartment — 3,248 133 Non-owner-occupied commercial real estate — 6,620 636 ADC — 657 305 Total $ 3,780 $ 25,319 $ 14,202 The Company did not recognize interest income on non-accrual loans held for investment during the three months ended March 31, 2024 and 2023. The following tables summarize the past due status of the Company’s investment in loans as of the dates indicated: March 31, 2024 Loans 90 Days or Total 30 to 59 60 to 89 More Past Due Past Due Days Days and Still and Total (In thousands) Past Due Past Due Accruing Interest Non-accrual Non-accrual Current Loans Business loans $ 3,246 $ 3,554 $ — $ 18,213 $ 25,013 $ 2,301,949 $ 2,326,962 One-to-four family residential, including condominium and cooperative apartment 3,892 48 — 3,689 7,629 865,706 873,335 Multifamily residential and residential mixed-use 18,480 21,550 — — 40,030 3,956,518 3,996,548 Non-owner-occupied commercial real estate 577 — — 15 592 3,385,306 3,385,898 ADC — — — 12,910 12,910 162,442 175,352 Other loans 2 — — — 2 5,168 5,170 Total $ 26,197 $ 25,152 $ — $ 34,827 $ 86,176 $ 10,677,089 $ 10,763,265 December 31, 2023 Loans 90 Days or Total 30 to 59 60 to 89 More Past Due Past Due Days Days and Still and Total (In thousands) Past Due Past Due Accruing Interest Non-accrual Non-accrual Current Loans Business loans $ 7,139 $ 1,217 $ — $ 18,574 $ 26,930 $ 2,281,241 $ 2,308,171 One-to-four family residential, including condominium and cooperative apartment 4,071 73 — 3,248 7,392 880,163 887,555 Multifamily residential and residential mixed-use — — — — — 4,017,176 4,017,176 Non-owner-occupied commercial real estate 337 — — 6,620 6,957 3,372,710 3,379,667 ADC 430 — — 657 1,087 167,426 168,513 Other loans — — — — — 5,755 5,755 Total $ 11,977 $ 1,290 $ — $ 29,099 $ 42,366 $ 10,724,471 $ 10,766,837 Accruing Loans 90 Days or More Past Due: The Company did not have accruing loans 90 days or more past due as of March 31, 2024 or December 31, 2023. Collateral Dependent Loans: The Company had collateral dependent loans which were individually evaluated to determine expected credit losses as of the dates indicated: March 31, 2024 December 31, 2023 Real Estate Associated Allowance Real Estate Associated Allowance (In thousands) Collateral Dependent for Credit Losses Collateral Dependent for Credit Losses Business loans $ 4,966 $ 1,210 $ 3,742 $ — Non-owner-occupied commercial real estate — — 6,605 621 ADC 12,910 287 657 305 Total $ 17,876 $ 1,497 $ 11,004 $ 926 Loan Restructurings The Company adopted ASU No. 2022-02 on January 1, 2023, which eliminates the recognition and measurement of a Troubled Debt Restructuring (“TDR”). Due to the removal of the TDR designation, the Company applies the loan refinancing and restructuring guidance to determine whether a modification or other form of restructuring results in a new loan or a continuation of an existing loan. Loan modifications to borrowers experiencing financial difficulty that result in a direct change in the timing or amount of contractual cash flows include conditions where there is principal forgiveness, interest rate reductions, other-than-insignificant payment delays, term extensions, and/or a combination of these modifications. The disclosures related to loan restructuring are only for modifications that directly affect cash flows. The following tables show the amortized cost basis as of the three months ended March 31, 2024 and 2023 of the loans modified to borrowers experiencing financial difficulty, disaggregated by loan category and type of concession granted: For the Three Months Ended March 31, 2024 Significant Payment Term Extension Significant Payment Delay Delay, Term Extension % of Significant and Significant and Interest and Interest Total Class of (Dollars in thousands) Term Extension Payment Delay Payment Delay Rate Reduction Rate Reduction Total Financing Receivable Business loans $ 1,889 $ 1,207 $ 304 $ 29 $ — $ 3,429 0.1 % One-to-four family residential, including condominium and cooperative apartment — — 404 — — 404 0.0 Multifamily residential and residential mixed-use — 61,832 — — — 61,832 1.5 Non-owner-occupied commercial real estate — 31,157 — — — 31,157 0.9 ADC — — — — 12,253 12,253 7.0 Total $ 1,889 $ 94,196 $ 708 $ 29 $ 12,253 $ 109,075 1.0 % For the Three Months Ended March 31, 2023 Significant Payment Term Extension Significant Payment Delay Delay, Term Extension % of Significant and Significant and Interest and Interest Total Class of (Dollars in thousands) Term Extension Payment Delay Payment Delay Rate Reduction Rate Reduction Total Financing Receivable Business loans $ — $ — $ 475 $ — $ — $ 475 0.0 % One-to-four family residential, including condominium and cooperative apartment — 2,850 — — — 2,850 0.4 Total $ — $ 2,850 $ 475 $ — $ — $ 3,325 0.0 % The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulty: For the Three Months Ended March 31, 2024 Weighted Average Weighted Average Interest Rate Months of Weighted Average (Dollars in thousands) Reductions Term Extensions Payment Delay Business loans 5.0 % 12 $ 146 One-to-four family residential, including condominium and cooperative apartment — 11 13 Multifamily residential and residential mixed-use — — 306 Non-owner-occupied commercial real estate — — 561 ADC 2.0 5 411 For the Three Months Ended March 31, 2023 Weighted Average Weighted Average Interest Rate Months of Weighted Average (Dollars in thousands) Reductions Term Extensions Payment Delay Business loans 4.3 % 13 $ 2,406 One-to-four family residential, including condominium and cooperative apartment — 189 76 Non-owner-occupied commercial real estate — — 988 The Bank monitors the performance of loans modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following tables provide the loan performance in the 12 months after a modification involving borrowers experiencing financial difficulty. March 31, 2024 30-59 60-89 90+ (In thousands) Current Days Past Due Days Past Due Days Past Due Non-Accrual Total Business loans $ 13,694 $ — $ 240 $ — $ 2,140 $ 16,074 One-to-four family residential, including condominium and cooperative apartment 3,262 — — — 91 3,353 Multifamily residential and residential mixed-use 27,631 12,651 21,550 — — 61,832 Non-owner-occupied commercial real estate 55,864 — — — — 55,864 ADC — — — — 12,253 12,253 Total $ 100,451 $ 12,651 $ 21,790 $ — $ 14,484 $ 149,376 March 31, 2023 30-59 60-89 90+ (In thousands) Current Days Past Due Days Past Due Days Past Due Non-Accrual Total Business loans $ 475 $ — $ — $ — $ — $ 475 One-to-four family residential, including condominium and cooperative apartment 2,850 — — — — 2,850 Total $ 3,325 $ — $ — $ — $ — $ 3,325 There were no loans made to borrowers experiencing financial difficulty that were modified during the three months ended March 31, 2024 and 2023, and that subsequently defaulted. For the purposes of this disclosure, a payment default is defined as 90 or more days past due and still accruing. Non-accrual loans that are modified to borrowers experiencing financial difficulty remain on non-accrual status until the borrower has demonstrated performance under the modified terms. Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit structure, loan documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying them based on credit risk. The Company uses the following definitions for risk ratings: Special Mention. Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the Bank’s credit position at some future date. Substandard. Doubtful. The following is a summary of the credit risk profile of loans by internally assigned grade as of the periods indicated, the years represent the year of origination for non-revolving loans: March 31, 2024 (In thousands) 2024 2023 2022 2021 2020 2019 and Prior Revolving Revolving-Term Total Business loans Pass $ 69,153 $ 255,474 $ 392,650 $ 193,191 $ 153,026 $ 435,108 $ 631,958 $ 51,322 $ 2,181,882 Special mention — 456 15,642 1,262 1,746 10,551 20,629 7,401 57,687 Substandard — — 9,025 2,787 6,440 33,096 16,492 18,805 86,645 Doubtful — — — — — 748 — — 748 Total business loans 69,153 255,930 417,317 197,240 161,212 479,503 669,079 77,528 2,326,962 YTD Gross Charge-Offs — — 80 — — — 633 83 796 One-to-four family residential, and condominium/cooperative apartment: Pass 7,113 167,096 210,948 101,157 66,202 266,235 31,131 11,444 861,326 Special mention — — — — — 33 159 697 889 Substandard — — — — 1,000 9,074 — 1,046 11,120 Doubtful — — — — — — — — — Total one-to-four family residential, and condominium/cooperative apartment 7,113 167,096 210,948 101,157 67,202 275,342 31,290 13,187 873,335 YTD Gross Charge-Offs — — — — — — — — — Multifamily residential and residential mixed-use: Pass 11,137 256,226 1,340,191 569,200 291,859 1,339,820 5,550 4,311 3,818,294 Special mention — — 1,202 9,281 14,403 56,732 — — 81,618 Substandard — — — — 18,204 78,432 — — 96,636 Doubtful — — — — — — — — — Total multifamily residential and residential mixed-use 11,137 256,226 1,341,393 578,481 324,466 1,474,984 5,550 4,311 3,996,548 YTD Gross Charge-Offs — — — — — — — — — Non-owner-occupied commercial real estate Pass 40,593 217,651 737,938 641,361 443,893 1,085,387 11,223 7,864 3,185,910 Special mention — — — 19,730 75,170 13,550 — — 108,450 Substandard — — — 15 60,055 31,468 — — 91,538 Doubtful — — — — — — — — — Total non-owner-occupied commercial real estate 40,593 217,651 737,938 661,106 579,118 1,130,405 11,223 7,864 3,385,898 YTD Gross Charge-Offs — — — — — — — — — ADC: Pass 3,929 22,981 31,250 59,209 — 2,966 26,936 207 147,478 Special mention — — — 14,964 — — — — 14,964 Substandard — — — — — 12,253 — 657 12,910 Doubtful — — — — — — — — — Total ADC 3,929 22,981 31,250 74,173 — 15,219 26,936 864 175,352 YTD Gross Charge-Offs — — — — — — — — — Total: Pass 131,925 919,428 2,712,977 1,564,118 954,980 3,129,516 706,798 75,148 10,194,890 Special mention — 456 16,844 45,237 91,319 80,866 20,788 8,098 263,608 Substandard — — 9,025 2,802 85,699 164,323 16,492 20,508 298,849 Doubtful — — — — — 748 — — 748 Total Loans $ 131,925 $ 919,884 $ 2,738,846 $ 1,612,157 $ 1,131,998 $ 3,375,453 $ 744,078 $ 103,754 $ 10,758,095 YTD Gross Charge-Offs $ — $ — $ 80 $ — $ — $ — $ 633 $ 83 $ 796 December 31, 2023 (In thousands) 2023 2022 2021 2020 2019 2018 and Prior Revolving Revolving-Term Total Business loans Pass $ 258,699 $ 390,760 $ 196,790 $ 144,796 $ 150,871 $ 305,258 $ 633,719 $ 35,079 $ 2,115,972 Special mention 481 41,682 1,199 13,567 7,125 3,150 21,108 25,306 113,618 Substandard - 1,857 2,180 6,729 2,803 30,248 15,567 18,449 77,833 Doubtful — — — - - 748 — — 748 Total business loans 259,180 434,299 200,169 165,092 160,799 339,404 670,394 78,834 2,308,171 YTD Gross Charge-Offs — — 77 38 4,166 2,229 5,464 3,390 15,364 One-to-four family residential, and condominium/cooperative apartment: Pass 170,601 213,479 102,684 69,524 62,356 213,131 31,205 12,493 875,473 Special mention — — — — — 33 159 776 968 Substandard — — — 1,005 337 8,711 — 1,061 11,114 Doubtful — — — — — — — — — Total one-to-four family residential, and condominium/cooperative apartment 170,601 213,479 102,684 70,529 62,693 221,875 31,364 14,330 887,555 YTD Gross Charge-Offs — — — — — — — 14 14 Multifamily residential and residential mixed-use: Pass 256,822 1,340,197 578,352 283,633 384,937 981,820 4,841 4,325 3,834,927 Special mention — — 9,334 3,880 3,886 64,273 — — 81,373 Substandard — — — 28,799 5,089 66,988 — — 100,876 Doubtful — — — — — — — — — Total multifamily residential and residential mixed-use 256,822 1,340,197 587,686 316,312 393,912 1,113,081 4,841 4,325 4,017,176 YTD Gross Charge-Offs — — — — — 2 — — 2 Non-owner-occupied commercial real estate Pass 220,045 738,133 645,246 447,002 359,201 756,921 11,919 7,926 3,186,393 Special mention — — 19,872 75,378 4,563 2,763 — — 102,576 Substandard — — 16 60,272 6,254 24,156 — — 90,698 Doubtful — — — — — — — — — Total non-owner-occupied commercial real estate 220,045 738,133 665,134 582,652 370,018 783,840 11,919 7,926 3,379,667 YTD Gross Charge-Offs — — — — — — — — — ADC: Pass 16,735 17,534 59,202 9,900 2,665 437 22,444 225 129,142 Special mention — 11,500 14,961 — 12,253 — — — 38,714 Substandard — — — — — — — 657 657 Doubtful — — — — — — — — — Total ADC 16,735 29,034 74,163 9,900 14,918 437 22,444 882 168,513 YTD Gross Charge-Offs — — — — — — — — — Total: Pass 922,902 2,700,103 1,582,274 954,855 960,030 2,257,567 704,128 60,048 10,141,907 Special mention 481 53,182 45,366 92,825 27,827 70,219 21,267 26,082 337,249 Substandard — 1,857 2,196 96,805 14,483 130,103 15,567 20,167 281,178 Doubtful — — — — — 748 — — 748 Total Loans $ 923,383 $ 2,755,142 $ 1,629,836 $ 1,144,485 $ 1,002,340 $ 2,458,637 $ 740,962 $ 106,297 $ 10,761,082 YTD Gross Charge-Offs $ — $ — $ 77 $ 38 $ 4,166 $ 2,231 $ 5,464 $ 3,404 $ 15,380 For other loans, the Company evaluates credit quality based on payment activity. Other loans that are 90 days or more past due are placed on non-accrual status, while all remaining other loans are classified and evaluated as performing. The following is a summary of the credit risk profile of other loans by internally assigned grade: (In thousands) March 31, 2024 December 31, 2023 Performing $ 5,170 $ 5,755 Non-accrual — — Total $ 5,170 $ 5,755

LEASES

LEASES	3 Months Ended
LEASES	Mar. 31, 2024
LEASES
LEASES	8. LEASES The following table presents the Company’s remaining maturities of undiscounted lease payments, as well as a reconciliation to the discounted operating lease liabilities in the Consolidated Statements of Financial Condition at March 31, 2024: (In thousands) 2024 $ 10,023 2025 13,162 2026 12,511 2027 10,670 2028 4,656 Thereafter 7,274 Total undiscounted lease payments 58,296 Less amounts representing interest (3,569) Operating lease liabilities $ 54,727 Other information related to the Company’s operating leases was as follows: Three Months Ended March 31, (In thousands) 2024 2023 Operating lease cost $ 3,291 $ 3,141 Cash paid for amounts included in the measurement of operating lease liabilities 3,276 3,071 As of March 31, 2024 As of December 31, 2023 Weighted average remaining lease term 4.9 years 5.0 years Weighted average discount rate 2.44 % 2.34 %

DERIVATIVES AND HEDGING ACTIVIT

DERIVATIVES AND HEDGING ACTIVITIES	3 Months Ended
DERIVATIVES AND HEDGING ACTIVITIES	Mar. 31, 2024
DERIVATIVES AND HEDGING ACTIVITIES
DERIVATIVES AND HEDGING ACTIVITIES	9. DERIVATIVES AND HEDGING ACTIVITIES The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its assets and liabilities and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments principally related to the Company’s loan portfolio. The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. The Company engages in fair value hedges, cash flow hedges and freestanding derivatives. Effect of Derivatives on the Consolidated Statements of Financial Condition The tables below present the fair value of the Company’s derivative assets and liabilities as of March 31, 2024 and December 31, 2023. March 31, 2024 December 31, 2023 Notional Fair Value Notional Fair Value (In thousands) Amount Assets Amount Assets Derivatives designated as hedging instruments: Cash flow hedges - interest rate products $ 150,000 $ 13,107 $ 150,000 $ 12,492 Derivatives not designated as hedging instruments Interest rate products 1,605,675 122,055 1,682,961 114,671 March 31, 2024 December 31, 2023 Notional Fair Value Notional Fair Value (In thousands) Amount Liabilities Amount Liabilities Derivatives designated as hedging instruments: Fair value hedges - interest rate products $ 500,000 $ 1,353 $ 500,000 $ 6,594 Cash flow hedges - interest rate products 200,000 1,067 200,000 5,031 Derivatives not designated as hedging instruments: Interest rate products 1,605,675 122,055 1,682,961 114,671 Other contracts 93,726 8 93,891 24 Effect of Fair Value and Cash Flow Hedge Accounting on the Consolidated Statements of Operations The table below presents the effect of the Company’s derivative financial instruments on the consolidated statements of operations for the three months ended March 31, 2024 and 2023. March 31, 2024 March 31, 2023 Interest Interest Interest Interest (In thousands) Income Expense Income Expense Effects of fair value or cash flow hedges are recorded $ 628 $ 2,435 $ — 1,534 The effects of fair value and cash flow hedging: Gain or (loss) on fair value hedging relationships Interest contracts: Hedged items (5,273) — — — Derivatives designated as hedging instruments 5,901 — — — Gain or (loss) on cash flow hedging relationships Interest contracts: Gain (loss) reclassified from AOCI into income — 2,435 — 1,534 Fair Value Hedges The Company uses fair value hedges to protect against changes in fair value of certain interest rate sensitive assets. Interest rate swaps designated as fair value hedges involve the payment of fixed-rate amounts to a counterparty in exchange for the Company receiving variable-rate payments over the life of the agreements without the exchange of the underlying notional amount. For derivatives designated and that qualify as fair value hedges, the gain or loss on the derivative as well as the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in interest income. As of March 31, 2024 and December 31, 2023, the Company posted $1.3 million and $6.5 million, respectively, to the Chicago Mercantile Exchange ("CME") clearing house related to the fair value derivatives settled daily to market. The Company pays an average fixed rate of 4.82% and receives a floating rate based on the US federal funds effective rate for the life of the agreement without an exchange of the underlying notional amount. For derivatives that are designated as fair value hedges, the gain or loss on the derivatives as well as the loss or gain on the hedged item attributable to the hedged risk are recognized in earnings. The amortized cost basis of the closed portfolio of the fixed rate mortgage loans on March 31, 2024 totaled $719.5 million. The amount identified as the last-of-layer in the open hedge relationship was $500.0 million, which is the amount of loans in the closed portfolio anticipated to be outstanding for the designated hedge period. The basis adjustment associated with the hedge was a $1.3 million asset as of March 31, 2024, which would be allocated across the entire remaining closed pool upon termination or maturity of the hedged relationship. The amortized cost basis of the closed portfolio of the fixed rate mortgage loans on December 31, 2023 totaled $729.5 million. The amount identified as the last-of-layer in the open hedge relationship was $500.0 million, which is the amount of loans in the closed portfolio anticipated to be outstanding for the designated hedge period. The basis adjustment associated with the hedge was a $6.6 million asset as of December 31, 2023, which would be allocated across the entire remaining closed pool upon termination or maturity of the hedged relationship. During the three months ended March 31, 2024, the Company recorded a $628 thousand credit from the swap transaction as a component of interest income in the consolidated statements of operations. During the three months ended March 31, 2023, the Company did not have any fair value hedge transactions. As of March 31, 2024 and December 31, 2023, the following amounts were recorded on the consolidated statements of financial condition related to cumulative basis adjustment for fair value hedges: March 31, 2024 December 31, 2023 (In thousands) Carrying Amount of the Hedged Assets Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets Carrying Amount of the Hedged Assets Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets Fixed Rate Loans $ 720,781 $ 1,318 $ 736,098 $ 6,591 Cash Flow Hedges Cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The Company uses these types of derivatives to hedge the variable cash flows associated with existing or forecasted issuances of short-term borrowings. For derivatives designated and that qualify as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in accumulated other comprehensive income (loss) and subsequently reclassified into interest expense in the same periods during which the hedged transaction affects earnings. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s debt. During the next twelve months, the Company estimates that an additional $8.0 million will be reclassified as a decrease to interest expense. The Company did not terminate any derivatives during the three months ended March 31, 2024 and March 31, 2023, respectively. The table below presents the effect of the cash flow hedge accounting on accumulated other comprehensive income (loss) for the periods indicated: Three Months Ended March 31, (In thousands) 2024 2023 Gain (loss) recognized in other comprehensive income (loss) $ 2,145 $ (2,111) (Loss) gain reclassified from other comprehensive income into interest expense (2,435) 313 All cash flow hedges are recorded gross on the Consolidated Statement of Financial Condition. Certain cash flow hedges involve derivative agreements with third-party counterparties that contain provisions requiring the Company to post cash collateral if the derivative exposure exceeds a threshold amount and receive collateral for agreements in a net asset position. As of March 31, 2024 and December 31, 2023, the Company did not post collateral to the third-party counterparties. As of March 31, 2024, the Company received $14.1 million in collateral from its third-party counterparties under the agreements in a net asset position. As of March 31, 2024, the Company posted $1.1 million to the CME clearing house that are accounted for as settlements of the derivative liabilities. As of December 31, 2023, the Company received $13.5 million in collateral from its third-party counterparties. As of December 31, 2023, the Company posted $4.9 million to the CME clearing house that are accounted for as settlements of the derivative liabilities. Freestanding Derivatives The Company maintains an interest-rate risk protection program for its loan portfolio in order to offer loan level derivatives with certain borrowers and to generate loan level derivative income. The Company enters into interest rate swap or interest rate floor agreements with borrowers. These interest rate derivatives are designed such that the borrower synthetically attains a fixed-rate loan, while the Company receives floating rate loan payments. The Company offsets the loan level interest rate swap exposure by entering into an offsetting interest rate swap or interest rate floor with an unaffiliated and reputable bank counterparty. These interest rate derivatives do not qualify as designated hedges, under ASU 815; therefore, each interest rate derivative is accounted for as a freestanding derivative. The notional amounts of the interest rate derivatives do not represent amounts exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual interest rate derivative agreements. The following tables reflect freestanding derivatives included in the consolidated statements of financial condition as of the dates indicated: March 31, 2024 Notional Fair Value Fair Value (Dollars in thousands) Count Amount Assets Liabilities Included in derivative assets/(liabilities): Loan level interest rate swaps with borrower 27 $ 267,414 $ 3,073 $ — Loan level interest rate swaps with borrower 198 1,335,326 — 118,808 Loan level interest rate floors with borrower 2 2,935 — 174 Loan level interest rate swaps with third-party counterparties 27 267,414 — 3,073 Loan level interest rate swaps with third-party counterparties 198 1,335,326 118,808 — Loan level interest rate floors with third-party counterparties 2 2,935 174 — December 31, 2023 Notional Fair Value Fair Value (Dollars in thousands) Count Amount Assets Liabilities Included in derivative assets/(liabilities): Loan level interest rate swaps with borrower 49 $ 491,394 $ 10,985 $ — Loan level interest rate swaps with borrower 178 1,121,085 — 103,570 Loan level interest rate floors with borrower 2 29,721 — — Loan level interest rate floors with borrower 7 40,761 — 116 Loan level interest rate swaps with third-party counterparties 49 491,394 — 10,985 Loan level interest rate swaps with third-party counterparties 178 1,121,085 103,570 — Loan level interest rate floors with third-party counterparties 2 29,721 — — Loan level interest rate floors with third-party counterparties 7 40,761 116 — Loan level derivative income is recognized on the mark-to-market of the interest rate swap as a fair value adjustment at the time the transaction is closed. Total loan level derivative income is included in non-interest income as follows: Three Months Ended March 31, (In thousands) 2024 2023 Loan level derivative income $ 406 $ 3,133 The interest rate swap product with the borrower is cross collateralized with the underlying loan and, therefore, there is no posted collateral. Certain interest rate swap agreements with third-party counterparties contain provisions that require the Company to post collateral if the derivative exposure exceeds a threshold amount and receive collateral for agreements in a net asset position. As of March 31, 2024 and December 31, 2023, the Company did not post collateral to its third-party counterparties. As of March 31, 2024, the Company received $118.8 million in collateral from its third-party counterparties under the agreements in a net asset position. As of December 31, 2023, the Company received $94.7 million in collateral from its third-party counterparties under the agreements in a net asset position. Risk Participation Agreements The Company enters into risk participation agreements to manage economic risks but does not designate the instruments in hedge relationships. As of March 31, 2024 and December 31, 2023, the notional amounts of risk participation agreements for derivative liabilities were $93.7 million and $93.9 million, respectively. The related fair values of the Company’s risk participation agreements were immaterial as of March 31, 2024 and December 31, 2023. Credit Risk Related Contingent Features The Company’s agreements with each of its derivative counterparties state that if the Company defaults on any of its indebtedness, it could also be declared in default on its derivative obligations and could be required to terminate its derivative positions with the counterparty. The Company’s agreements with certain of its derivative counterparties state that if the Bank fails to maintain its status as a well-capitalized institution, the Bank could be required to terminate its derivative positions with the counterparty. For derivatives in a net liability position, which includes accrued interest but excludes any adjustment for nonperformance risk, any breach of the above provisions by the Company may require settlement of its obligations under the agreements at the termination value with the respective counterparty. As of March 31, 2024, there were no derivatives in a net liability position, and therefore the termination value was zero. There were no provisions breached for the three months ended March 31, 2024.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS	Mar. 31, 2024
FAIR VALUE OF FINANCIAL INSTRUMENTS
FAIR VALUE OF FINANCIAL INSTRUMENTS	10. FAIR VALUE OF FINANCIAL INSTRUMENTS Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1 Inputs Level 2 Inputs e.g. Level 3 Inputs – Assets and Liabilities Measured at Fair Value on a Recurring Basis Securities The Company’s available-for-sale securities are reported at fair value, which were determined utilizing prices obtained from independent parties. The valuations obtained are based upon market data, and often utilize evaluated pricing models that vary by asset and incorporate available trade, bid and other market information. For securities that do not trade on a daily basis, pricing applications apply available information such as benchmarking and matrix pricing. The market inputs normally sought in the evaluation of securities include benchmark yields, reported trades, broker/dealer quotes (obtained only from market makers or broker/dealers recognized as market participants), issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data. For certain securities, additional inputs may be used or some market inputs may not be applicable. Prioritization of inputs may vary on any given day based on market conditions. All MBS, CMOs, treasury securities, and agency notes are guaranteed either implicitly or explicitly by GSEs as of March 31, 2024 and December 31, 2023. In accordance with the Company’s investment policy, corporate securities are rated "investment grade" at the time of purchase and the financials of the issuers are reviewed quarterly. Obtaining market values as of March 31, 2024 and December 31, 2023 for these securities utilizing significant observable inputs was not difficult due to their liquid nature. Derivatives Derivatives represent interest rate swaps and estimated fair values are based on valuation models using observable market data as of the measurement date. The following tables present financial assets and liabilities measured at fair value on a recurring basis as of the dates indicated, segmented by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Fair Value Measurements at March 31, 2024 Using Level 1 Level 2 Level 3 (In thousands) Total Inputs Inputs Inputs Financial Assets: Securities available-for-sale: Agency notes $ 9,409 $ — $ 9,409 $ — Treasury securities 228,171 — 228,171 — Corporate securities 150,245 — 150,245 — Pass-through MBS issued by GSEs 195,876 — 195,876 — Agency CMOs 249,840 — 249,840 — State and municipal obligations 25,675 — 25,675 — Derivative – cash flow hedges 13,107 — 13,107 — Derivative – freestanding derivatives, net 122,055 — 122,055 — Financial Liabilities: Derivative – fair value hedges 1,353 — 1,353 — Derivative – cash flow hedges 1,067 — 1,067 — Derivative – freestanding derivatives, net 122,055 — 122,055 — Fair Value Measurements at December 31, 2023 Using Level 1 Level 2 Level 3 (In thousands) Total Inputs Inputs Inputs Financial Assets: Securities available-for-sale: Agency Notes $ 9,371 $ — $ 9,371 $ Treasury securities 234,190 — 234,190 — Corporate securities 151,170 — 151,170 — Pass-through MBS issued by GSEs 205,285 — 205,285 — Agency CMOs 259,415 — 259,415 — State and municipal obligations 26,809 — 26,809 — Derivative – cash flow hedges 7,461 — 7,461 — Derivative – freestanding derivatives, net 114,671 — 114,671 — Financial Liabilities: Derivative – fair value hedge 6,594 — 6,594 — Derivative – freestanding derivatives, net 114,671 — 114,671 — Assets and Liabilities 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 reported at the fair value of the underlying collateral if repayment is expected solely from the collateral. March 31, 2024 Fair Value Measurements Using: Quoted Prices In Active Significant Markets for Other Significant Identical Observable Unobservable Carrying Assets Inputs Inputs (In thousands) Value (Level 1) (Level 2) (Level 3) Individually evaluated loans $ 854 $ — $ — $ 854 December 31, 2023 Fair Value Measurements Using: Quoted Prices In Active Significant Markets for Other Significant Identical Observable Unobservable Carrying Assets Inputs Inputs (In thousands) Value (Level 1) (Level 2) (Level 3) Individually evaluated loans $ 6,336 $ — $ — $ 6,336 Collateral dependent individually evaluated loans with an allowance for credit losses at March 31, 2024 had a carrying amount of $854 thousand, which is made up of the outstanding balance of $2.4 million, net of a valuation allowance of $1.5 million. There was a credit loss recovery of $807 thousand on collateral dependent individually evaluated loans during the three months ended March 31, 2024, which is included in the amounts reported in the Consolidated Statements of Operations. Individually evaluated loans with an allowance for credit losses at December 31, 2023 had a carrying amount of $6.3 million, which is made up of the outstanding balance of $7.3 million, net of a valuation allowance of $1.0 million. Financial Instruments Not Measured at Fair Value The following tables present the carrying amounts and estimated fair values of financial instruments other than those measured at fair value on either a recurring or non-recurring basis for the dates indicated, segmented by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Fair Value Measurements at March 31, 2024 Using Carrying Level 1 Level 2 Level 3 (In thousands) Amount Inputs Inputs Inputs Total Financial Assets: Cash and due from banks $ 370,852 $ 370,852 $ — $ — $ 370,852 Securities held-to-maturity 589,331 — 504,718 — 504,718 Loans held for investment, net 10,687,661 — — 10,158,385 10,158,385 Accrued interest receivable 55,369 — 5,798 49,571 55,369 Financial Liabilities: Savings, money market and checking accounts (1) 9,343,720 9,343,720 — — 9,343,720 Certificates of Deposits ("CDs") 1,555,157 — 1,550,668 — 1,550,668 FHLBNY advances 773,000 — 772,467 — 772,467 Subordinated debt, net 200,174 — 157,374 — 157,374 Accrued interest payable 20,121 — 20,121 — 20,121 (1) Fair Value Measurements at December 31, 2023 Using Carrying Level 1 Level 2 Level 3 (In thousands) Amount Inputs Inputs Inputs Total Financial Assets: Cash and due from banks $ 457,547 $ 457,547 $ — $ — $ 457,547 Securities held-to-maturity 594,639 — 516,930 — 516,930 Loans held for investment, net 10,695,349 — — 10,305,026 10,305,026 Accrued interest receivable 55,666 — 6,593 49,073 55,666 Financial Liabilities: Savings, money market and checking accounts (1) 8,922,972 8,922,972 — — 8,922,972 CDs 1,607,683 — 1,602,087 — 1,602,087 FHLBNY advances 1,313,000 — 1,312,940 — 1,312,940 Subordinated debt, net 200,196 — 160,696 — 160,696 Accrued interest payable 17,298 — 17,298 — 17,298 (1)

OTHER INTANGIBLE ASSETS

OTHER INTANGIBLE ASSETS	3 Months Ended
OTHER INTANGIBLE ASSETS	Mar. 31, 2024
OTHER INTANGIBLE ASSETS
OTHER INTANGIBLE ASSETS	11. OTHER INTANGIBLE ASSETS The following table presents the carrying amount and accumulated amortization of intangible assets that are amortizable. (In thousands) March 31, 2024 December 31, 2023 Gross carrying value $ 10,204 $ 10,204 Accumulated amortization (5,451) (5,145) Net carrying amount $ 4,753 $ 5,059 Amortization expense recognized on intangible assets was $307 thousand and $377 thousand for the three months ended March 31, 2024 and March 31, 2023, respectively. Estimated amortization expense for the remainder of 2024 through 2028 and thereafter is as follows: (In thousands) 2024 $ 857 2025 958 2026 795 2027 664 2028 560 Thereafter 919 Total $ 4,753

FHLBNY ADVANCES

FHLBNY ADVANCES	3 Months Ended
FHLBNY ADVANCES	Mar. 31, 2024
FHLBNY ADVANCES
FHLBNY ADVANCES	12. FHLBNY ADVANCES The Bank had borrowings from the FHLBNY totaling $773.0 million and $1.31 billion at March 31, 2024 and December 31, 2023, respectively, all of which were fixed rate. In accordance with its Advances, Collateral Pledge and Security Agreement with the FHLBNY, the Bank had remaining FHLB borrowing capacity of $1.76 billion as of March 31, 2024 and $1.19 billion as of December 31, 2023, and maintained sufficient qualifying collateral, as defined by the FHLBNY. At March 31, 2024 there were no callable Advances. The following table is a summary of FHLBNY extinguishments for the periods presented: Three Months Ended March 31, (Dollars in thousands) 2024 2023 FHLBNY advances extinguished $ 1,655,000 $ - Weighted average rate 5.28 % - % Loss on extinguishment of debt $ 453 $ - The following table presents the contractual maturities of FHLBNY advances for each of the next five years. (Dollars in thousands) March 31, 2024 December 31, 2023 Overnight, fixed rate at 5.56% $ 75,000 $ — 2024, fixed rate at rates from 5.25% to 5.56% 650,000 1,265,000 2027, fixed rate at 4.25% 36,000 36,000 2028, fixed rate at 4.04% 12,000 12,000 Total FHLBNY advances $ 773,000 $ 1,313,000 Total FHLBNY advances had a weighted average interest rate of 5.39% and 5.23% at March 31, 2024 and December 31, 2023, respectively.

SUBORDINATED DEBENTURES

SUBORDINATED DEBENTURES	3 Months Ended
SUBORDINATED DEBENTURES	Mar. 31, 2024
SUBORDINATED DEBENTURES.
SUBORDINATED DEBENTURES	13. SUBORDINATED DEBENTURES On May 6, 2022, the Company issued $160.0 million aggregate principal amount of fixed-to-floating rate subordinated notes due 2032 (“the Notes”). The Notes are callable at par after five years The Company used the net proceeds of the offering for the repayment of $115.0 million of the Company’s 4.50% fixed-to-floating rate subordinated notes due 2027 on June 15, 2022, and $40.0 million of the Company’s 5.25% fixed-to-floating rate subordinated debentures due 2025 on June 30, 2022. The repayment of the subordinated notes due 2027 resulted in a pre-tax write-off of debt issuance costs of $740 thousand, which was recognized in loss on extinguishment of debt in non-interest expense. The remaining $40.0 million of fixed-to-floating rate subordinated debentures were issued by the Company in September 2015, are callable at par after ten years The subordinated debentures totaled $200.2 million at March 31, 2024 and December 31, 2023, respectively. Interest expense related to the subordinated debentures was $2.6 million during the three months ended March 31, 2024 and 2023, respectively. The subordinated debentures are included in tier 2 capital (with certain limitations applicable) under current regulatory guidelines and interpretations.

RETIREMENT AND POSTRETIREMENT P

RETIREMENT AND POSTRETIREMENT PLANS	3 Months Ended
RETIREMENT AND POSTRETIREMENT PLANS	Mar. 31, 2024
RETIREMENT AND POSTRETIREMENT PLANS
RETIREMENT AND POSTRETIREMENT PLANS	14. RETIREMENT AND POSTRETIREMENT PLANS The Bank maintains two noncontributory pension plans that existed before the Merger: (i) the Retirement Plan of Dime Community Bank (“Employee Retirement Plan”) and (ii) the BNB Bank Pension Plan, covering all eligible employees. Employee Retirement Plan The Bank sponsors the Employee Retirement Plan, a tax-qualified, noncontributory, defined-benefit retirement plan. Prior to April 1, 2000, substantially all full-time employees of at least 21 years of age were eligible for participation after one year of service. Effective April 1, 2000, the Bank froze all participant benefits under the Employee Retirement Plan. On December 21, 2023, the Company’s Board of Directors adopted a resolution to terminate the Employee Retirement Plan effective December 31, 2023. Retirement benefits of the plan were vested as they were earned. For the year ended December 31, 2023, the Bank used December 31 st BNB Bank Pension Plan During 2012, Bridge Bancorp, Inc., (“Bridge”) amended the BNB Bank Pension Plan by revising the formula for determining benefits effective January 1, 2013, except for certain grandfathered Bridge employees. Additionally, new Bridge employees hired on or after October 1, 2012 were not eligible for the BNB Bank Pension Plan. Effective December 31, 2023, the Bank froze all participant benefits under the BNB Pension Plan, the impact of which is reflected in the recorded curtailment as of December 31, 2023. On December 21, 2023, the Company’s Board of Directors adopted a resolution to terminate the BNB Bank Pension Plan effective December 31, 2023. Retirement benefits of the plan were vested as they were earned. For the year ended December 31, 2023, the Bank used December 31 st The following table represents the components of net periodic (credit) benefit cost included in other non-interest expense, except for service cost which is reported in salaries and employee benefits expense, in the Consolidated Statements of Operations. Net expenses associated with these plans were comprised of the following components: Three Months Ended March 31, 2024 2023 BNB Bank Employee BNB Bank Employee (In thousands) Pension Plan Retirement Plan Pension Plan Retirement Plan Service cost $ — $ — $ 175 $ — Interest cost 310 210 330 223 Expected return on assets (680) (360) (687) (383) Amortization of unrealized loss — 203 — 148 Net periodic (credit) benefit $ (370) $ 53 $ (182) $ (12) There were no contributions to the BNB Bank Pension Plan or the Employee Retirement Plan for the three months ended March 31, 2024. 401(k) Plan The Company maintains a 401(k) Plan (the “401(k) Plan”) that existed before the Merger. The 401(k) Plan covers substantially all current employees. Newly hired employees are automatically enrolled in the plan on the first day of the month following the 60 th 31, 2024 and 2023, total expense recognized as a component of salaries and employee benefits expense for the 401(k) Plan was $872 thousand and $936 thousand, respectively.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
STOCK-BASED COMPENSATION	Mar. 31, 2024
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION	15. STOCK-BASED COMPENSATION In May 2021, the Company’s shareholders approved the Dime Community Bancshares, Inc. 2021 Equity Incentive Plan (the “2021 Equity Incentive Plan”) to provide the Company with sufficient equity compensation to meet the objectives of appropriately incentivizing its officers, other employees, and directors to execute our strategic plan to build shareholder value, while providing appropriate shareholder protections. The Company no longer makes grants under the Legacy Stock Plans. Awards outstanding under the Legacy Stock Plans will continue to remain outstanding and subject to the terms and conditions of the Legacy Stock Plans. At March 31, 2024, there were 491,238 shares reserved for issuance under the 2021 Equity Incentive Plan. Stock Option Awards The following table presents a summary of activity related to stock options granted under the Legacy Stock Plans, and changes during the period then ended: Weighted- Average Weighted- Remaining Aggregate Number of Average Exercise Contractual Intrinsic (Dollars in thousands except share and per share amounts) Options Price Years Value Options outstanding at January 1, 2024 26,995 $ 35.39 5.2 — Options exercised — — Options forfeited — — Options outstanding at March 31, 2024 26,995 $ 35.39 5.0 $ — Options vested and exercisable at March 31, 2024 26,995 $ 35.39 5.0 $ — Information related to stock options during each period is as follows: March 31, (In thousands) 2024 2023 Cash received for option exercise cost $ — $ — Income tax (expense) benefit recognized on stock option exercises — — Intrinsic value of options exercised — — The range of exercise prices and weighted-average remaining contractual lives of both outstanding and vested options (by option exercise cost) as of March 31, 2024 were as follows: Outstanding Options Vested Options Weighted Weighted Average Average Number Contractual Number Contractual of Years of Years Options Remaining Options Remaining Exercise Prices: $34.87 10,061 5.9 10,061 5.9 $35.35 9,802 4.9 9,802 4.9 $36.19 7,132 3.9 7,132 3.9 Total 26,995 5.0 26,995 5.0 Restricted Stock Awards The Company has made RSA grants to outside Directors and certain officers under the Legacy Stock Plans and the 2021 Equity Incentive Plan. Typically, awards to outside Directors fully vest on the first anniversary of the grant date, while awards to officers vest over a pre-determined requisite period. All awards were made at the fair value of the Company’s common stock on the grant date. Compensation expense on all RSAs is based upon the fair value of the shares on the respective dates of the grant. The following table presents a summary of activity related to the RSAs granted, and changes during the period then ended: Weighted- Average Number of Grant-Date Shares Fair Value Unvested allocated shares outstanding at January 1, 2024 356,795 $ 26.88 Shares granted 147,886 22.55 Shares vested (143,260) 26.63 Shares forfeited (400) 30.53 Unvested allocated shares outstanding at March 31, 2024 361,021 $ 25.20 Information related to RSAs during each period is as follows: Three Months Ended March 31, (In thousands) 2024 2023 Compensation expense recognized $ 1,373 $ 1,058 Income tax (expense) benefit recognized on vesting of RSAs (240) (13) As of March 31, 2024, there was $7.6 million of total unrecognized compensation cost related to unvested RSAs to be recognized over a weighted-average period of 2.0 years. Performance-Based Share Awards The Company maintains a long-term incentive award program (“LTIP”) for certain officers, which meets the criteria for equity-based accounting. For each award, threshold (50% of target), target (100% of target) and stretch (150% of target) opportunities are eligible to be earned over a three-year performance period based on the Company’s relative performance on certain goals that were established at the onset of the performance period and cannot be altered subsequently. Shares of common stock are issued on the grant date and held as unvested stock awards until the end of the performance period. Shares are issued at the stretch opportunity in order to ensure that an adequate number of shares are allocated for shares expected to vest at the end of the performance period. Compensation expense on PSAs is based upon the fair value of the shares on the date of the grant for the expected aggregate share payout as of the period end. The following table presents a summary of activity related to the PSAs granted, and changes during the period then ended: Weighted- Average Number of Grant-Date Shares Fair Value Maximum aggregate share payout at January 1, 2024 229,910 $ 20.97 Shares granted — — Shares forfeited — — Maximum aggregate share payout at March 31, 2024 229,910 $ 20.97 Minimum aggregate share payout — — Expected aggregate share payout 210,820 $ 20.21 Information related to PSAs during each period is as follows: March 31, (In thousands) 2024 2023 Compensation (benefit) expense recognized $ 357 $ 245 Income tax expense recognized on vesting of PSAs — (15) As of March 31, 2024, there was $2.4 million of total unrecognized compensation cost related to unvested PSAs based on the expected aggregate share payout to be recognized over a weighted-average period of 2.0 years.

INCOME TAXES

INCOME TAXES	3 Months Ended
INCOME TAXES	Mar. 31, 2024
INCOME TAXES
INCOME TAXES	16. INCOME TAXES During the three months ended March 31, 2024 and 2023, the Company’s consolidated effective tax rates were 27.1% and 26.8%, respectively. There was no significant unusual income tax items during the three months ended March 31, 2024 and 2023, respectively.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Mar. 31, 2024
SUMMARY OF ACCOUNTING POLICIES
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies In the opinion of management, the accompanying unaudited condensed Consolidated Financial Statements contain all adjustments necessary for a fair presentation of the Company’s financial condition as of March 31, 2024 and December 31, 2023, the results of operations and statements of comprehensive income for the three months ended March 31, 2024 and 2023, the changes in stockholders’ equity for the three months ended March 31, 2024 and 2023, and cash flows for the three months ended March 31, 2024 and 2023. Please see "Part I - Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations - Critical Accounting Policies" for a discussion of areas in the accompanying unaudited condensed Consolidated Financial Statements utilizing significant estimates.

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	Mar. 31, 2024
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Schedule of activity in accumulated other comprehensive income (loss), net of tax	Total Accumulated Defined Other Benefit Comprehensive (In thousands) Securities Plans Derivatives Income (Loss) Balance as of January 1, 2024 $ (90,242) $ (6,430) $ 5,093 $ (91,579) Other comprehensive income (loss) before reclassifications 2,360 361 1,457 4,178 Amounts reclassified from accumulated other comprehensive income (loss) 490 (216) 1,661 1,935 Net other comprehensive income during the period 2,850 145 3,118 6,113 Balance as of March 31, 2024 $ (87,392) $ (6,285) $ 8,211 $ (85,466) Balance as of January 1, 2023 $ (100,870) $ (5,266) $ 11,757 $ (94,379) Other comprehensive (loss) income before reclassifications (4,313) 155 (1,172) (5,330) Amounts reclassified from accumulated other comprehensive income (loss) 1,551 (260) (220) 1,071 Net other comprehensive loss during the period (2,762) (105) (1,392) (4,259) Balance as of March 31, 2023 $ (103,632) $ (5,371) $ 10,365 $ (98,638)
Schedule of before and after tax amounts allocated to each component of other comprehensive income (loss)	Three Months Ended March 31, (In thousands) 2024 2023 Change in unrealized gain (loss) on securities: Change in net unrealized gain (loss) during the period $ 3,344 $ (2,302) Reclassification adjustment for net losses included in net loss on sale of securities and other assets — 1,447 Accretion of net unrealized loss on securities transferred to held-to-maturity 718 757 Net change 4,062 (98) Tax expense 1,212 2,664 Net change in unrealized gain (loss) on securities, net of reclassification adjustments and tax 2,850 (2,762) Change in pension and other postretirement obligations: Reclassification adjustment for expense included in other expense (317) (370) Change in the net actuarial gain 520 221 Net change 203 (149) Tax expense (benefit) 58 (44) Net change in pension and other postretirement obligations 145 (105) Change in unrealized gain (loss) on derivatives: Change in net unrealized gain (loss) during the period 2,145 (2,111) Reclassification adjustment for expense included in interest expense 2,435 (313) Net change 4,580 (2,424) Tax expense (benefit) 1,462 (1,032) Net change in unrealized gain (loss) on derivatives, net of reclassification adjustments and tax 3,118 (1,392) Other comprehensive income (loss), net of tax $ 6,113 $ (4,259)

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	3 Months Ended
EARNINGS PER COMMON SHARE (Tables)	Mar. 31, 2024
EARNINGS PER COMMON SHARE
Schedule of reconciliation of numerators and denominators of basic and diluted EPS	Three Months Ended March 31, (In thousands except share and per share amounts) 2024 2023 Net income available to common stockholders $ 15,870 $ 35,482 Less: Dividends paid and earnings allocated to participating securities (257) (383) Income attributable to common stock $ 15,613 $ 35,099 Weighted-average common shares outstanding, including participating securities 38,884,434 38,568,640 Less: weighted-average participating securities (628,876) (417,175) Weighted-average common shares outstanding 38,255,558 38,151,465 Basic EPS $ 0.41 $ 0.92 Income attributable to common stock $ 15,613 $ 35,099 Weighted-average common shares outstanding 38,255,558 38,151,465 Weighted-average common equivalent shares outstanding — — Weighted-average common and equivalent shares outstanding 38,255,558 38,151,465 Diluted EPS $ 0.41 $ 0.92

SECURITIES (Tables)

SECURITIES (Tables)	3 Months Ended
SECURITIES (Tables)	Mar. 31, 2024
SECURITIES
Schedule of major categories of securities owned by entity	March 31, 2024 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value Securities available-for-sale: Agency notes $ 10,000 $ — $ (591) $ 9,409 Treasury securities 238,622 — (10,451) 228,171 Corporate securities 169,954 255 (19,964) 150,245 Pass-through mortgage-backed securities ("MBS") issued by government sponsored entities ("GSEs") 221,666 16 (25,806) 195,876 Agency CMOs 297,445 20 (47,625) 249,840 State and municipal obligations 27,654 — (1,979) 25,675 Total securities available-for-sale $ 965,341 $ 291 $ (106,416) $ 859,216 March 31, 2024 Gross Gross Amortized Unrecognized Unrecognized Fair (In thousands) Cost Gains Losses Value Securities held-to-maturity: Agency notes $ 89,666 $ — $ (11,891) $ 77,775 Corporate securities 9,000 — (1,530) 7,470 Pass-through MBS issued by GSEs 275,907 — (41,743) 234,164 Agency CMOs 214,758 — (29,449) 185,309 Total securities held-to-maturity $ 589,331 $ — $ (84,613) $ 504,718 December 31, 2023 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value Securities available-for-sale: Agency notes $ 10,000 $ — $ (629) $ 9,371 Treasury securities 245,877 — (11,687) 234,190 Corporate securities 174,978 — (23,808) 151,170 Pass-through MBS issued by GSEs 230,253 10 (24,978) 205,285 Agency CMOs 305,860 46 (46,491) 259,415 State and municipal obligations 28,741 — (1,932) 26,809 Total securities available-for-sale $ 995,709 $ 56 $ (109,525) $ 886,240 December 31, 2023 Gross Gross Amortized Unrecognized Unrecognized Fair (In thousands) Cost Gains Losses Value Securities held-to-maturity: Agency notes $ 89,563 $ — $ (11,300) $ 78,263 Corporate securities 9,000 — (1,825) 7,175 Pass-through MBS issued by GSEs 279,853 — (37,579) 242,274 Agency CMOs 216,223 16 (27,021) 189,218 Total securities held-to-maturity $ 594,639 $ 16 $ (77,725) $ 516,930
Schedule of amortized cost and fair value of debt securities	March 31, 2024 Amortized Fair (In thousands) Cost Value Available-for-sale Within one year $ 124,638 $ 121,393 One to five years 164,579 153,104 Five to ten years 157,013 139,003 Beyond ten years — — Pass-through MBS issued by GSEs and agency CMOs 519,111 445,716 Total $ 965,341 $ 859,216 Held-to-maturity Within one year $ — $ — One to five years 19,795 18,292 Five to ten years 78,871 66,953 Beyond ten years — — Pass-through MBS issued by GSEs and agency CMOs 490,665 419,473 Total $ 589,331 $ 504,718
Summary of sale of available-for-sale securities	Three Months Ended March 31, (In thousands) 2024 2023 Securities available-for-sale Proceeds $ — $ 77,804 Gross gains — 130 Tax expense on gains — 39 Gross losses — 1,577 Tax benefit on losses — 467
Schedule of gross unrealized losses and fair value of investment securities	March 31, 2024 Less than 12 12 Consecutive Consecutive Months Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Value Losses Value Losses Value Losses Securities available-for-sale: Agency notes $ — $ — $ 9,409 $ 591 $ 9,409 $ 591 Treasury securities — — 228,171 10,451 228,171 10,451 Corporate securities 6,337 500 128,603 19,464 134,940 19,964 Pass-through MBS issued by GSEs — — 194,066 25,806 194,066 25,806 Agency CMOs 2,459 11 242,361 47,614 244,820 47,625 State and municipal obligations 3,489 11 22,186 1,968 25,675 1,979 December 31, 2023 Less than 12 12 Consecutive Consecutive Months Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Value Losses Value Losses Value Losses Securities available-for-sale: Agency Notes $ — $ — $ 9,371 $ 629 $ 9,371 $ 629 Treasury securities — — 234,190 11,687 234,190 11,687 Corporate securities 20,935 917 130,235 22,891 151,170 23,808 Pass-through MBS issued by GSEs — — 203,469 24,978 203,469 24,978 Agency CMOs — — 251,900 46,491 251,900 46,491 State and municipal obligations 1,796 54 21,513 1,878 23,309 1,932

LOANS HELD FOR INVESTMENT, NET

LOANS HELD FOR INVESTMENT, NET (Tables)	3 Months Ended
LOANS HELD FOR INVESTMENT, NET (Tables)	Mar. 31, 2024
LOANS HELD FOR INVESTMENT, NET
Schedule of loan categories	(In thousands) March 31, 2024 December 31, 2023 Business loans (1) $ 2,326,962 $ 2,308,171 One-to-four family residential and cooperative/condominium apartment 873,335 887,555 Multifamily residential and residential mixed-use 3,996,548 4,017,176 Non-owner-occupied commercial real estate 3,385,898 3,379,667 Acquisition, development, and construction ("ADC") 175,352 168,513 Other loans 5,170 5,755 Total 10,763,265 10,766,837 Fair value hedge basis point adjustments (2) 1,318 6,591 Total loans, net of fair value hedge basis point adjustments 10,764,583 10,773,428 Allowance for credit losses (76,068) (71,743) Loans held for investment, net $ 10,688,515 $ 10,701,685 (1) (2) T he loan portfolio included a fair value hedge basis point adjustment to the carrying amount of hedged owner-occupied commercial real estate in business loans, one-to-four family residential mortgage loans, multifamily residential mortgage loans and non-owner occupied commercial real estate loans.
Schedule of activity in allowance for loan losses	At or for the Three Months Ended March 31, 2024 One-to-Four Family Multifamily Residential and Residential Cooperative/ and Non-Owner-Occupied Business Condominium Residential Commercial Other (In thousands) Loans Apartment Mixed-Use Real Estate ADC Loans Total Allowance for credit losses: Beginning balance $ 35,962 $ 6,813 $ 7,237 $ 19,623 $ 1,989 $ 119 $ 71,743 Provision (recovery) for credit losses 734 160 3,934 (178) 333 81 5,064 Charge-offs (796) — — — — (30) (826) Recoveries 81 — — — — 6 87 Ending balance $ 35,981 $ 6,973 $ 11,171 $ 19,445 $ 2,322 $ 176 $ 76,068 At or for the Three Months Ended March 31, 2023 One-to-Four Family Multifamily Residential and Residential Cooperative/ and Non-Owner-Occupied Business Condominium Residential Commercial Other (In thousands) Loans Apartment Mixed-Use Real Estate ADC Loans Total Allowance for credit losses: Beginning balance $ 47,029 $ 5,969 $ 8,360 $ 20,153 $ 1,723 $ 273 $ 83,507 (Recovery) provision for credit losses (1,608) 43 (747) (2,077) 792 (34) (3,631) Charge-offs (2,029) — — — — (1) (2,030) Recoveries 487 — — — — 2 489 Ending balance $ 43,879 $ 6,012 $ 7,613 $ 18,076 $ 2,515 $ 240 $ 78,335
Schedule of financing receivable, nonaccrual	March 31, 2024 Non-accrual with Non-accrual with (In thousands) No Allowance Allowance Reserve Business loans $ 3,310 $ 14,903 $ 12,800 One-to-four family residential and cooperative/condominium apartment — 3,689 145 Non-owner-occupied commercial real estate — 15 15 ADC 12,253 657 287 Total $ 15,563 $ 19,264 $ 13,247 December 31, 2023 Non-accrual with Non-accrual with (In thousands) No Allowance Allowance Reserve Business loans $ 3,780 $ 14,794 $ 13,127 One-to-four family residential and cooperative/condominium apartment — 3,248 133 Non-owner-occupied commercial real estate — 6,620 636 ADC — 657 305 Total $ 3,780 $ 25,319 $ 14,202
Schedule of past due financing receivables	March 31, 2024 Loans 90 Days or Total 30 to 59 60 to 89 More Past Due Past Due Days Days and Still and Total (In thousands) Past Due Past Due Accruing Interest Non-accrual Non-accrual Current Loans Business loans $ 3,246 $ 3,554 $ — $ 18,213 $ 25,013 $ 2,301,949 $ 2,326,962 One-to-four family residential, including condominium and cooperative apartment 3,892 48 — 3,689 7,629 865,706 873,335 Multifamily residential and residential mixed-use 18,480 21,550 — — 40,030 3,956,518 3,996,548 Non-owner-occupied commercial real estate 577 — — 15 592 3,385,306 3,385,898 ADC — — — 12,910 12,910 162,442 175,352 Other loans 2 — — — 2 5,168 5,170 Total $ 26,197 $ 25,152 $ — $ 34,827 $ 86,176 $ 10,677,089 $ 10,763,265 December 31, 2023 Loans 90 Days or Total 30 to 59 60 to 89 More Past Due Past Due Days Days and Still and Total (In thousands) Past Due Past Due Accruing Interest Non-accrual Non-accrual Current Loans Business loans $ 7,139 $ 1,217 $ — $ 18,574 $ 26,930 $ 2,281,241 $ 2,308,171 One-to-four family residential, including condominium and cooperative apartment 4,071 73 — 3,248 7,392 880,163 887,555 Multifamily residential and residential mixed-use — — — — — 4,017,176 4,017,176 Non-owner-occupied commercial real estate 337 — — 6,620 6,957 3,372,710 3,379,667 ADC 430 — — 657 1,087 167,426 168,513 Other loans — — — — — 5,755 5,755 Total $ 11,977 $ 1,290 $ — $ 29,099 $ 42,366 $ 10,724,471 $ 10,766,837
Schedule of collateral dependent loans	March 31, 2024 December 31, 2023 Real Estate Associated Allowance Real Estate Associated Allowance (In thousands) Collateral Dependent for Credit Losses Collateral Dependent for Credit Losses Business loans $ 4,966 $ 1,210 $ 3,742 $ — Non-owner-occupied commercial real estate — — 6,605 621 ADC 12,910 287 657 305 Total $ 17,876 $ 1,497 $ 11,004 $ 926
Schedule of amortized cost basis of loans modified to borrowers	For the Three Months Ended March 31, 2024 Significant Payment Term Extension Significant Payment Delay Delay, Term Extension % of Significant and Significant and Interest and Interest Total Class of (Dollars in thousands) Term Extension Payment Delay Payment Delay Rate Reduction Rate Reduction Total Financing Receivable Business loans $ 1,889 $ 1,207 $ 304 $ 29 $ — $ 3,429 0.1 % One-to-four family residential, including condominium and cooperative apartment — — 404 — — 404 0.0 Multifamily residential and residential mixed-use — 61,832 — — — 61,832 1.5 Non-owner-occupied commercial real estate — 31,157 — — — 31,157 0.9 ADC — — — — 12,253 12,253 7.0 Total $ 1,889 $ 94,196 $ 708 $ 29 $ 12,253 $ 109,075 1.0 % For the Three Months Ended March 31, 2023 Significant Payment Term Extension Significant Payment Delay Delay, Term Extension % of Significant and Significant and Interest and Interest Total Class of (Dollars in thousands) Term Extension Payment Delay Payment Delay Rate Reduction Rate Reduction Total Financing Receivable Business loans $ — $ — $ 475 $ — $ — $ 475 0.0 % One-to-four family residential, including condominium and cooperative apartment — 2,850 — — — 2,850 0.4 Total $ — $ 2,850 $ 475 $ — $ — $ 3,325 0.0 %
Schedule of financial effect of loans modified to borrowers	For the Three Months Ended March 31, 2024 Weighted Average Weighted Average Interest Rate Months of Weighted Average (Dollars in thousands) Reductions Term Extensions Payment Delay Business loans 5.0 % 12 $ 146 One-to-four family residential, including condominium and cooperative apartment — 11 13 Multifamily residential and residential mixed-use — — 306 Non-owner-occupied commercial real estate — — 561 ADC 2.0 5 411 For the Three Months Ended March 31, 2023 Weighted Average Weighted Average Interest Rate Months of Weighted Average (Dollars in thousands) Reductions Term Extensions Payment Delay Business loans 4.3 % 13 $ 2,406 One-to-four family residential, including condominium and cooperative apartment — 189 76 Non-owner-occupied commercial real estate — — 988
Schedule of performance of loans that have been modified	March 31, 2024 30-59 60-89 90+ (In thousands) Current Days Past Due Days Past Due Days Past Due Non-Accrual Total Business loans $ 13,694 $ — $ 240 $ — $ 2,140 $ 16,074 One-to-four family residential, including condominium and cooperative apartment 3,262 — — — 91 3,353 Multifamily residential and residential mixed-use 27,631 12,651 21,550 — — 61,832 Non-owner-occupied commercial real estate 55,864 — — — — 55,864 ADC — — — — 12,253 12,253 Total $ 100,451 $ 12,651 $ 21,790 $ — $ 14,484 $ 149,376 March 31, 2023 30-59 60-89 90+ (In thousands) Current Days Past Due Days Past Due Days Past Due Non-Accrual Total Business loans $ 475 $ — $ — $ — $ — $ 475 One-to-four family residential, including condominium and cooperative apartment 2,850 — — — — 2,850 Total $ 3,325 $ — $ — $ — $ — $ 3,325
Schedule of Credit risk profile of the real estate loans	March 31, 2024 (In thousands) 2024 2023 2022 2021 2020 2019 and Prior Revolving Revolving-Term Total Business loans Pass $ 69,153 $ 255,474 $ 392,650 $ 193,191 $ 153,026 $ 435,108 $ 631,958 $ 51,322 $ 2,181,882 Special mention — 456 15,642 1,262 1,746 10,551 20,629 7,401 57,687 Substandard — — 9,025 2,787 6,440 33,096 16,492 18,805 86,645 Doubtful — — — — — 748 — — 748 Total business loans 69,153 255,930 417,317 197,240 161,212 479,503 669,079 77,528 2,326,962 YTD Gross Charge-Offs — — 80 — — — 633 83 796 One-to-four family residential, and condominium/cooperative apartment: Pass 7,113 167,096 210,948 101,157 66,202 266,235 31,131 11,444 861,326 Special mention — — — — — 33 159 697 889 Substandard — — — — 1,000 9,074 — 1,046 11,120 Doubtful — — — — — — — — — Total one-to-four family residential, and condominium/cooperative apartment 7,113 167,096 210,948 101,157 67,202 275,342 31,290 13,187 873,335 YTD Gross Charge-Offs — — — — — — — — — Multifamily residential and residential mixed-use: Pass 11,137 256,226 1,340,191 569,200 291,859 1,339,820 5,550 4,311 3,818,294 Special mention — — 1,202 9,281 14,403 56,732 — — 81,618 Substandard — — — — 18,204 78,432 — — 96,636 Doubtful — — — — — — — — — Total multifamily residential and residential mixed-use 11,137 256,226 1,341,393 578,481 324,466 1,474,984 5,550 4,311 3,996,548 YTD Gross Charge-Offs — — — — — — — — — Non-owner-occupied commercial real estate Pass 40,593 217,651 737,938 641,361 443,893 1,085,387 11,223 7,864 3,185,910 Special mention — — — 19,730 75,170 13,550 — — 108,450 Substandard — — — 15 60,055 31,468 — — 91,538 Doubtful — — — — — — — — — Total non-owner-occupied commercial real estate 40,593 217,651 737,938 661,106 579,118 1,130,405 11,223 7,864 3,385,898 YTD Gross Charge-Offs — — — — — — — — — ADC: Pass 3,929 22,981 31,250 59,209 — 2,966 26,936 207 147,478 Special mention — — — 14,964 — — — — 14,964 Substandard — — — — — 12,253 — 657 12,910 Doubtful — — — — — — — — — Total ADC 3,929 22,981 31,250 74,173 — 15,219 26,936 864 175,352 YTD Gross Charge-Offs — — — — — — — — — Total: Pass 131,925 919,428 2,712,977 1,564,118 954,980 3,129,516 706,798 75,148 10,194,890 Special mention — 456 16,844 45,237 91,319 80,866 20,788 8,098 263,608 Substandard — — 9,025 2,802 85,699 164,323 16,492 20,508 298,849 Doubtful — — — — — 748 — — 748 Total Loans $ 131,925 $ 919,884 $ 2,738,846 $ 1,612,157 $ 1,131,998 $ 3,375,453 $ 744,078 $ 103,754 $ 10,758,095 YTD Gross Charge-Offs $ — $ — $ 80 $ — $ — $ — $ 633 $ 83 $ 796 December 31, 2023 (In thousands) 2023 2022 2021 2020 2019 2018 and Prior Revolving Revolving-Term Total Business loans Pass $ 258,699 $ 390,760 $ 196,790 $ 144,796 $ 150,871 $ 305,258 $ 633,719 $ 35,079 $ 2,115,972 Special mention 481 41,682 1,199 13,567 7,125 3,150 21,108 25,306 113,618 Substandard - 1,857 2,180 6,729 2,803 30,248 15,567 18,449 77,833 Doubtful — — — - - 748 — — 748 Total business loans 259,180 434,299 200,169 165,092 160,799 339,404 670,394 78,834 2,308,171 YTD Gross Charge-Offs — — 77 38 4,166 2,229 5,464 3,390 15,364 One-to-four family residential, and condominium/cooperative apartment: Pass 170,601 213,479 102,684 69,524 62,356 213,131 31,205 12,493 875,473 Special mention — — — — — 33 159 776 968 Substandard — — — 1,005 337 8,711 — 1,061 11,114 Doubtful — — — — — — — — — Total one-to-four family residential, and condominium/cooperative apartment 170,601 213,479 102,684 70,529 62,693 221,875 31,364 14,330 887,555 YTD Gross Charge-Offs — — — — — — — 14 14 Multifamily residential and residential mixed-use: Pass 256,822 1,340,197 578,352 283,633 384,937 981,820 4,841 4,325 3,834,927 Special mention — — 9,334 3,880 3,886 64,273 — — 81,373 Substandard — — — 28,799 5,089 66,988 — — 100,876 Doubtful — — — — — — — — — Total multifamily residential and residential mixed-use 256,822 1,340,197 587,686 316,312 393,912 1,113,081 4,841 4,325 4,017,176 YTD Gross Charge-Offs — — — — — 2 — — 2 Non-owner-occupied commercial real estate Pass 220,045 738,133 645,246 447,002 359,201 756,921 11,919 7,926 3,186,393 Special mention — — 19,872 75,378 4,563 2,763 — — 102,576 Substandard — — 16 60,272 6,254 24,156 — — 90,698 Doubtful — — — — — — — — — Total non-owner-occupied commercial real estate 220,045 738,133 665,134 582,652 370,018 783,840 11,919 7,926 3,379,667 YTD Gross Charge-Offs — — — — — — — — — ADC: Pass 16,735 17,534 59,202 9,900 2,665 437 22,444 225 129,142 Special mention — 11,500 14,961 — 12,253 — — — 38,714 Substandard — — — — — — — 657 657 Doubtful — — — — — — — — — Total ADC 16,735 29,034 74,163 9,900 14,918 437 22,444 882 168,513 YTD Gross Charge-Offs — — — — — — — — — Total: Pass 922,902 2,700,103 1,582,274 954,855 960,030 2,257,567 704,128 60,048 10,141,907 Special mention 481 53,182 45,366 92,825 27,827 70,219 21,267 26,082 337,249 Substandard — 1,857 2,196 96,805 14,483 130,103 15,567 20,167 281,178 Doubtful — — — — — 748 — — 748 Total Loans $ 923,383 $ 2,755,142 $ 1,629,836 $ 1,144,485 $ 1,002,340 $ 2,458,637 $ 740,962 $ 106,297 $ 10,761,082 YTD Gross Charge-Offs $ — $ — $ 77 $ 38 $ 4,166 $ 2,231 $ 5,464 $ 3,404 $ 15,380 (In thousands) March 31, 2024 December 31, 2023 Performing $ 5,170 $ 5,755 Non-accrual — — Total $ 5,170 $ 5,755

LEASES (Tables)

LEASES (Tables)	3 Months Ended
LEASES (Tables)	Mar. 31, 2024
LEASES
Summary of maturities of operating lease liabilities	(In thousands) 2024 $ 10,023 2025 13,162 2026 12,511 2027 10,670 2028 4,656 Thereafter 7,274 Total undiscounted lease payments 58,296 Less amounts representing interest (3,569) Operating lease liabilities $ 54,727
Summary of other information related to operating leases	Three Months Ended March 31, (In thousands) 2024 2023 Operating lease cost $ 3,291 $ 3,141 Cash paid for amounts included in the measurement of operating lease liabilities 3,276 3,071 As of March 31, 2024 As of December 31, 2023 Weighted average remaining lease term 4.9 years 5.0 years Weighted average discount rate 2.44 % 2.34 %

DERIVATIVES AND HEDGING ACTIV_2

DERIVATIVES AND HEDGING ACTIVITIES (Tables)	3 Months Ended
DERIVATIVES AND HEDGING ACTIVITIES (Tables)	Mar. 31, 2024
DERIVATIVES AND HEDGING ACTIVITIES
Schedule of fair value of derivative financial instruments and classification on consolidated statements of financial condition	March 31, 2024 December 31, 2023 Notional Fair Value Notional Fair Value (In thousands) Amount Assets Amount Assets Derivatives designated as hedging instruments: Cash flow hedges - interest rate products $ 150,000 $ 13,107 $ 150,000 $ 12,492 Derivatives not designated as hedging instruments Interest rate products 1,605,675 122,055 1,682,961 114,671 March 31, 2024 December 31, 2023 Notional Fair Value Notional Fair Value (In thousands) Amount Liabilities Amount Liabilities Derivatives designated as hedging instruments: Fair value hedges - interest rate products $ 500,000 $ 1,353 $ 500,000 $ 6,594 Cash flow hedges - interest rate products 200,000 1,067 200,000 5,031 Derivatives not designated as hedging instruments: Interest rate products 1,605,675 122,055 1,682,961 114,671 Other contracts 93,726 8 93,891 24
Schedule of fair value and cash flow hedge accounting on the consolidated statements of operations	March 31, 2024 March 31, 2023 Interest Interest Interest Interest (In thousands) Income Expense Income Expense Effects of fair value or cash flow hedges are recorded $ 628 $ 2,435 $ — 1,534 The effects of fair value and cash flow hedging: Gain or (loss) on fair value hedging relationships Interest contracts: Hedged items (5,273) — — — Derivatives designated as hedging instruments 5,901 — — — Gain or (loss) on cash flow hedging relationships Interest contracts: Gain (loss) reclassified from AOCI into income — 2,435 — 1,534
Schedule of cumulative basis adjustment for fair value hedges	March 31, 2024 December 31, 2023 (In thousands) Carrying Amount of the Hedged Assets Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets Carrying Amount of the Hedged Assets Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets Fixed Rate Loans $ 720,781 $ 1,318 $ 736,098 $ 6,591
Schedule of effect of cash flow hedge accounting on accumulated other comprehensive income (loss)	Three Months Ended March 31, (In thousands) 2024 2023 Gain (loss) recognized in other comprehensive income (loss) $ 2,145 $ (2,111) (Loss) gain reclassified from other comprehensive income into interest expense (2,435) 313
Not Designated as Hedging Instrument
DERIVATIVES AND HEDGING ACTIVITIES
Schedule of fair value of derivative financial instruments and classification on consolidated statements of financial condition	March 31, 2024 Notional Fair Value Fair Value (Dollars in thousands) Count Amount Assets Liabilities Included in derivative assets/(liabilities): Loan level interest rate swaps with borrower 27 $ 267,414 $ 3,073 $ — Loan level interest rate swaps with borrower 198 1,335,326 — 118,808 Loan level interest rate floors with borrower 2 2,935 — 174 Loan level interest rate swaps with third-party counterparties 27 267,414 — 3,073 Loan level interest rate swaps with third-party counterparties 198 1,335,326 118,808 — Loan level interest rate floors with third-party counterparties 2 2,935 174 — December 31, 2023 Notional Fair Value Fair Value (Dollars in thousands) Count Amount Assets Liabilities Included in derivative assets/(liabilities): Loan level interest rate swaps with borrower 49 $ 491,394 $ 10,985 $ — Loan level interest rate swaps with borrower 178 1,121,085 — 103,570 Loan level interest rate floors with borrower 2 29,721 — — Loan level interest rate floors with borrower 7 40,761 — 116 Loan level interest rate swaps with third-party counterparties 49 491,394 — 10,985 Loan level interest rate swaps with third-party counterparties 178 1,121,085 103,570 — Loan level interest rate floors with third-party counterparties 2 29,721 — — Loan level interest rate floors with third-party counterparties 7 40,761 116 —
Schedule of loan level derivative income	Three Months Ended March 31, (In thousands) 2024 2023 Loan level derivative income $ 406 $ 3,133

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	Mar. 31, 2024
FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of fair value, assets and liabilities measured on recurring basis	Fair Value Measurements at March 31, 2024 Using Level 1 Level 2 Level 3 (In thousands) Total Inputs Inputs Inputs Financial Assets: Securities available-for-sale: Agency notes $ 9,409 $ — $ 9,409 $ — Treasury securities 228,171 — 228,171 — Corporate securities 150,245 — 150,245 — Pass-through MBS issued by GSEs 195,876 — 195,876 — Agency CMOs 249,840 — 249,840 — State and municipal obligations 25,675 — 25,675 — Derivative – cash flow hedges 13,107 — 13,107 — Derivative – freestanding derivatives, net 122,055 — 122,055 — Financial Liabilities: Derivative – fair value hedges 1,353 — 1,353 — Derivative – cash flow hedges 1,067 — 1,067 — Derivative – freestanding derivatives, net 122,055 — 122,055 — Fair Value Measurements at December 31, 2023 Using Level 1 Level 2 Level 3 (In thousands) Total Inputs Inputs Inputs Financial Assets: Securities available-for-sale: Agency Notes $ 9,371 $ — $ 9,371 $ Treasury securities 234,190 — 234,190 — Corporate securities 151,170 — 151,170 — Pass-through MBS issued by GSEs 205,285 — 205,285 — Agency CMOs 259,415 — 259,415 — State and municipal obligations 26,809 — 26,809 — Derivative – cash flow hedges 7,461 — 7,461 — Derivative – freestanding derivatives, net 114,671 — 114,671 — Financial Liabilities: Derivative – fair value hedge 6,594 — 6,594 — Derivative – freestanding derivatives, net 114,671 — 114,671 —
Schedule of assets measured at fair value on a non-recurring basis	March 31, 2024 Fair Value Measurements Using: Quoted Prices In Active Significant Markets for Other Significant Identical Observable Unobservable Carrying Assets Inputs Inputs (In thousands) Value (Level 1) (Level 2) (Level 3) Individually evaluated loans $ 854 $ — $ — $ 854 December 31, 2023 Fair Value Measurements Using: Quoted Prices In Active Significant Markets for Other Significant Identical Observable Unobservable Carrying Assets Inputs Inputs (In thousands) Value (Level 1) (Level 2) (Level 3) Individually evaluated loans $ 6,336 $ — $ — $ 6,336
Schedule of fair value measurements, nonrecurring	Fair Value Measurements at March 31, 2024 Using Carrying Level 1 Level 2 Level 3 (In thousands) Amount Inputs Inputs Inputs Total Financial Assets: Cash and due from banks $ 370,852 $ 370,852 $ — $ — $ 370,852 Securities held-to-maturity 589,331 — 504,718 — 504,718 Loans held for investment, net 10,687,661 — — 10,158,385 10,158,385 Accrued interest receivable 55,369 — 5,798 49,571 55,369 Financial Liabilities: Savings, money market and checking accounts (1) 9,343,720 9,343,720 — — 9,343,720 Certificates of Deposits ("CDs") 1,555,157 — 1,550,668 — 1,550,668 FHLBNY advances 773,000 — 772,467 — 772,467 Subordinated debt, net 200,174 — 157,374 — 157,374 Accrued interest payable 20,121 — 20,121 — 20,121 (1) Fair Value Measurements at December 31, 2023 Using Carrying Level 1 Level 2 Level 3 (In thousands) Amount Inputs Inputs Inputs Total Financial Assets: Cash and due from banks $ 457,547 $ 457,547 $ — $ — $ 457,547 Securities held-to-maturity 594,639 — 516,930 — 516,930 Loans held for investment, net 10,695,349 — — 10,305,026 10,305,026 Accrued interest receivable 55,666 — 6,593 49,073 55,666 Financial Liabilities: Savings, money market and checking accounts (1) 8,922,972 8,922,972 — — 8,922,972 CDs 1,607,683 — 1,602,087 — 1,602,087 FHLBNY advances 1,313,000 — 1,312,940 — 1,312,940 Subordinated debt, net 200,196 — 160,696 — 160,696 Accrued interest payable 17,298 — 17,298 — 17,298

OTHER INTANGIBLE ASSETS (Tables

OTHER INTANGIBLE ASSETS (Tables)	3 Months Ended
OTHER INTANGIBLE ASSETS (Tables)	Mar. 31, 2024
OTHER INTANGIBLE ASSETS
Schedule of acquired intangible assets	(In thousands) March 31, 2024 December 31, 2023 Gross carrying value $ 10,204 $ 10,204 Accumulated amortization (5,451) (5,145) Net carrying amount $ 4,753 $ 5,059
Schedule of estimated amortization expense	(In thousands) 2024 $ 857 2025 958 2026 795 2027 664 2028 560 Thereafter 919 Total $ 4,753

FHLBNY ADVANCES (Tables)

FHLBNY ADVANCES (Tables)	3 Months Ended
FHLBNY ADVANCES (Tables)	Mar. 31, 2024
FHLBNY ADVANCES
Summary of FHLBNY extinguishments	Three Months Ended March 31, (Dollars in thousands) 2024 2023 FHLBNY advances extinguished $ 1,655,000 $ - Weighted average rate 5.28 % - % Loss on extinguishment of debt $ 453 $ -
Schedule of contractual maturities and weighted average interest rates of FHLBNY advances	(Dollars in thousands) March 31, 2024 December 31, 2023 Overnight, fixed rate at 5.56% $ 75,000 $ — 2024, fixed rate at rates from 5.25% to 5.56% 650,000 1,265,000 2027, fixed rate at 4.25% 36,000 36,000 2028, fixed rate at 4.04% 12,000 12,000 Total FHLBNY advances $ 773,000 $ 1,313,000

RETIREMENT AND POSTRETIREMENT_2

RETIREMENT AND POSTRETIREMENT PLANS (Tables)	3 Months Ended
RETIREMENT AND POSTRETIREMENT PLANS (Tables)	Mar. 31, 2024
RETIREMENT AND POSTRETIREMENT PLANS
Schedule of components of net periodic (credit) benefit cost included in other non-interest expense	Three Months Ended March 31, 2024 2023 BNB Bank Employee BNB Bank Employee (In thousands) Pension Plan Retirement Plan Pension Plan Retirement Plan Service cost $ — $ — $ 175 $ — Interest cost 310 210 330 223 Expected return on assets (680) (360) (687) (383) Amortization of unrealized loss — 203 — 148 Net periodic (credit) benefit $ (370) $ 53 $ (182) $ (12)

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
STOCK-BASED COMPENSATION (Tables)	Mar. 31, 2024
STOCK-BASED COMPENSATION
Schedule of activity related to stock options	Weighted- Average Weighted- Remaining Aggregate Number of Average Exercise Contractual Intrinsic (Dollars in thousands except share and per share amounts) Options Price Years Value Options outstanding at January 1, 2024 26,995 $ 35.39 5.2 — Options exercised — — Options forfeited — — Options outstanding at March 31, 2024 26,995 $ 35.39 5.0 $ — Options vested and exercisable at March 31, 2024 26,995 $ 35.39 5.0 $ —
Schedule of information related to stock option plan	March 31, (In thousands) 2024 2023 Cash received for option exercise cost $ — $ — Income tax (expense) benefit recognized on stock option exercises — — Intrinsic value of options exercised — —
Schedule of exercise prices and weighted-average remaining contractual lives of both outstanding and vested options	Outstanding Options Vested Options Weighted Weighted Average Average Number Contractual Number Contractual of Years of Years Options Remaining Options Remaining Exercise Prices: $34.87 10,061 5.9 10,061 5.9 $35.35 9,802 4.9 9,802 4.9 $36.19 7,132 3.9 7,132 3.9 Total 26,995 5.0 26,995 5.0
Schedule of activity related to restricted stock awards	Weighted- Average Number of Grant-Date Shares Fair Value Unvested allocated shares outstanding at January 1, 2024 356,795 $ 26.88 Shares granted 147,886 22.55 Shares vested (143,260) 26.63 Shares forfeited (400) 30.53 Unvested allocated shares outstanding at March 31, 2024 361,021 $ 25.20
Schedule of information related to restricted stock award plan	Three Months Ended March 31, (In thousands) 2024 2023 Compensation expense recognized $ 1,373 $ 1,058 Income tax (expense) benefit recognized on vesting of RSAs (240) (13)
Schedule of activity related to performance based equity awards	Weighted- Average Number of Grant-Date Shares Fair Value Maximum aggregate share payout at January 1, 2024 229,910 $ 20.97 Shares granted — — Shares forfeited — — Maximum aggregate share payout at March 31, 2024 229,910 $ 20.97 Minimum aggregate share payout — — Expected aggregate share payout 210,820 $ 20.21
Schedule of information related to performance based share award plan	March 31, (In thousands) 2024 2023 Compensation (benefit) expense recognized $ 357 $ 245 Income tax expense recognized on vesting of PSAs — (15)

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details)	1 Months Ended	3 Months Ended
BASIS OF PRESENTATION (Details)	Sep. 30, 2021 subsidiary	Mar. 31, 2024 location
Number of real estate investments dissolved \| subsidiary	2
Number of branch locations \| location		60

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Accumulated Other Comprehensive income (loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accumulated other comprehensive income (loss), net of tax:
Balance	$ 1,226,225	$ 1,169,583
Total other comprehensive income (loss), net of tax	6,113	(4,259)
Balance	1,239,371	1,191,253
Total Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss), net of tax:
Balance	(91,579)	(94,379)
Other comprehensive income (loss) before reclassifications	4,178	(5,330)
Amounts reclassified from accumulated other comprehensive income (loss)	1,935	1,071
Total other comprehensive income (loss), net of tax	6,113	(4,259)
Balance	(85,466)	(98,638)
Securities
Accumulated other comprehensive income (loss), net of tax:
Balance	(90,242)	(100,870)
Other comprehensive income (loss) before reclassifications	2,360	(4,313)
Amounts reclassified from accumulated other comprehensive income (loss)	490	1,551
Total other comprehensive income (loss), net of tax	2,850	(2,762)
Balance	(87,392)	(103,632)
Defined Benefit Plans
Accumulated other comprehensive income (loss), net of tax:
Balance	(6,430)	(5,266)
Other comprehensive income (loss) before reclassifications	361	155
Amounts reclassified from accumulated other comprehensive income (loss)	(216)	(260)
Total other comprehensive income (loss), net of tax	145	(105)
Balance	(6,285)	(5,371)
Derivatives
Accumulated other comprehensive income (loss), net of tax:
Balance	5,093	11,757
Other comprehensive income (loss) before reclassifications	1,457	(1,172)
Amounts reclassified from accumulated other comprehensive income (loss)	1,661	(220)
Total other comprehensive income (loss), net of tax	3,118	(1,392)
Balance	$ 8,211	$ 10,365

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Before and After Tax Amounts by Component (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Change in unrealized gain (loss) on securities:
Change in net unrealized gain (loss) during the period	$ 3,344	$ (2,302)
Reclassification adjustment for net losses included in net loss on sale of securities and other assets		1,447
Accretion of net unrealized loss on securities transferred to held-to-maturity	718	757
Net change	4,062	(98)
Tax expense (benefit)	1,212	2,664
Net change in unrealized gain (loss) on securities, net of reclassification adjustments and tax	2,850	(2,762)
Change in pension and other postretirement obligations:
Reclassification adjustment for expense included in other expense	(317)	(370)
Change in the net actuarial gain	520	221
Net change	203	(149)
Tax expense (benefit)	58	(44)
Net change in pension and other postretirement obligations	145	(105)
Change in unrealized gain (loss) on derivatives:
Change in net unrealized (loss) gain during the period	2,145	(2,111)
Reclassification adjustment for expense included in interest expense	2,435	(313)
Net change	4,580	(2,424)
Tax expense (benefit)	1,462	(1,032)
Net change in unrealized gain (loss) on derivatives, net of reclassification adjustments and tax	3,118	(1,392)
Total other comprehensive income (loss), net of tax	$ 6,113	$ (4,259)

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Abstract]
Net income available to common stockholders	$ 15,870	$ 35,482
Less: Dividends paid and earnings allocated to participating securities	(257)	(383)
Income attributable to common stock	$ 15,613	$ 35,099
Weighted-average common shares outstanding, including participating securities (in shares)	38,884,434	38,568,640
Less: weighted-average participating securities (in shares)	(628,876)	(417,175)
Weighted-average common shares outstanding (in shares)	38,255,558	38,151,465
Basic EPS (in dollars per share)	$ 0.41	$ 0.92
Weighted-average common shares outstanding (in shares)	38,255,558	38,151,465
Weighted-average common and equivalent shares outstanding (in shares)	38,255,558	38,151,465
Diluted EPS (in dollars per share)	$ 0.41	$ 0.92
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Abstract]
Weighted average shares excluded from earnings per share calculation (in shares)	26,995	92,137

PREFERRED STOCK (Details)

PREFERRED STOCK (Details) $ / shares in Units, $ in Millions			3 Months Ended
	Jun. 10, 2020 USD ($) shares	Feb. 05, 2020 USD ($) $ / shares shares	Mar. 31, 2024 $ / shares	Dec. 31, 2023 $ / shares
Public Offering [Abstract]
Preferred stock, Series A, par value (in dollars per share)			$ 0.01	$ 0.01
Preferred stock, Series A, liquidation value (in dollars per share)			$ 25	$ 25
Preferred Stock, Series A
Public Offering [Abstract]
Number of share issued in public offering (in shares) \| shares	2,300,000	2,999,200
Preferred stock, liquidation preference \| $	$ 57.5	$ 75
Preferred stock, interest rate		5.50%	5.50%
Preferred stock, Series A, par value (in dollars per share)		$ 0.01
Preferred stock, Series A, liquidation value (in dollars per share)		$ 25
Proceeds from issuance of preferred stock \| $	$ 44.3	$ 72.2
Preferred stock, redemption price (in dollars per share)			$ 25
Preferred Stock
Public Offering [Abstract]
Share conversion ratio			1

SECURITIES - Available-for-sale

SECURITIES - Available-for-sale (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Securities available-for-sale:
Amortized Cost	$ 965,341	$ 995,709
Gross Unrealized Gains	291	56
Gross Unrealized Losses	(106,416)	(109,525)
Fair Value	859,216	886,240
Agency notes
Securities available-for-sale:
Amortized Cost	10,000	10,000
Gross Unrealized Losses	(591)	(629)
Fair Value	9,409	9,371
Treasury securities
Securities available-for-sale:
Amortized Cost	238,622	245,877
Gross Unrealized Losses	(10,451)	(11,687)
Fair Value	228,171	234,190
Corporate securities
Securities available-for-sale:
Amortized Cost	169,954	174,978
Gross Unrealized Gains	255
Gross Unrealized Losses	(19,964)	(23,808)
Fair Value	150,245	151,170
Pass-through MBS issued by GSEs
Securities available-for-sale:
Amortized Cost	221,666	230,253
Gross Unrealized Gains	16	10
Gross Unrealized Losses	(25,806)	(24,978)
Fair Value	195,876	205,285
Agency CMOs
Securities available-for-sale:
Amortized Cost	297,445	305,860
Gross Unrealized Gains	20	46
Gross Unrealized Losses	(47,625)	(46,491)
Fair Value	249,840	259,415
State and municipal obligations
Securities available-for-sale:
Amortized Cost	27,654	28,741
Gross Unrealized Losses	(1,979)	(1,932)
Fair Value	$ 25,675	$ 26,809

SECURITIES - Held-to-maturity (

SECURITIES - Held-to-maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Securities held-to-maturity:
Amortized Cost	$ 589,331	$ 594,639
Gross Unrecognized Gains		16
Gross Unrecognized Losses	(84,613)	(77,725)
Fair Value	504,718	516,930
Agency notes
Securities held-to-maturity:
Amortized Cost	89,666	89,563
Gross Unrecognized Losses	(11,891)	(11,300)
Fair Value	77,775	78,263
Corporate securities
Securities held-to-maturity:
Amortized Cost	9,000	9,000
Gross Unrecognized Losses	(1,530)	(1,825)
Fair Value	7,470	7,175
Pass-through MBS issued by GSEs
Securities held-to-maturity:
Amortized Cost	275,907	279,853
Gross Unrecognized Losses	(41,743)	(37,579)
Fair Value	234,164	242,274
Agency CMOs
Securities held-to-maturity:
Amortized Cost	214,758	216,223
Gross Unrecognized Gains		16
Gross Unrecognized Losses	(29,449)	(27,021)
Fair Value	$ 185,309	$ 189,218

SECURITIES - Narrative (Details

SECURITIES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
SECURITIES - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Debt and Equity Securities, FV-NI [Line Items]
Transfer from securities held-to-maturity	$ 0	$ 0
Number of holdings of securities of any one issuer in an amount greater than 10% of stockholders equity	0		0
Threshold for disclosure percentage	10%		10%
Available for sale debt securities, unrealized loss position due to credit	$ 0
Allowance for credit losses on available for sale debt securities	0
Accrued interest receivable on securities	3,300		$ 5,300
Unrealized losses are related to credit losses	0
Securities pledged
Debt and Equity Securities, FV-NI [Line Items]
Carrying amount of securities pledged	$ 616,700		$ 457,700

SECURITIES - Amortized Cost and

SECURITIES - Amortized Cost and Fair Value By Contractual Maturity, Available-for-sale (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Available-for-sale, Amortized Cost
Within one year	$ 124,638
One to five years	164,579
Five to ten years	157,013
Pass-through MBS issued by GSEs and agency CMO	519,111
Amortized Cost	965,341	$ 995,709
Available for sale, Fair Value
Within one year	121,393
One to five years	153,104
Five to ten years	139,003
Pass-through MBS issued by GSEs and Agency CMO	445,716
Total Fair Value	$ 859,216	$ 886,240

SECURITIES - Amortized Cost a_2

SECURITIES - Amortized Cost and Fair Value By Contractual Maturity, Held-to-maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Held-to-maturity, Amortized Cost
One to five years	$ 19,795
Five to ten years	78,871
Pass-through MBS issued by GSEs and agency CMO	490,665
Total Amortized Cost	589,331
Held-to-maturity, Fair Value
One to five years	18,292
Five to ten years	66,953
Pass-through MBS issued by GSEs and agency CMO	419,473
Total Fair Value	$ 504,718	$ 516,930

SECURITIES - Sales Information

SECURITIES - Sales Information and Marketable Equity Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Sales of Available-for-sale Securities:
Proceeds from sales of securities available-for-sale		$ 77,804
Gross gains		130
Tax expense on gains		39
Gross losses		1,577
Tax benefit on losses		467
Sales of securities held-to-maturity	$ 0	$ 0

SECURITIES - Continuous Unreali

SECURITIES - Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value
Total	$ 0
Agency notes
Fair Value
12 Consecutive Months or Longer	9,409	$ 9,371
Total	9,409	9,371
Unrealized Losses
12 Consecutive Months or Longer	591	629
Total	591	629
Treasury securities
Fair Value
12 Consecutive Months or Longer	228,171	234,190
Total	228,171	234,190
Unrealized Losses
12 Consecutive Months or Longer	10,451	11,687
Total	10,451	11,687
Corporate securities
Fair Value
Less than 12 Consecutive Months	6,337	20,935
12 Consecutive Months or Longer	128,603	130,235
Total	134,940	151,170
Unrealized Losses
Less than 12 Consecutive Months	500	917
12 Consecutive Months or Longer	19,464	22,891
Total	19,964	23,808
Pass-through MBS issued by GSEs
Fair Value
12 Consecutive Months or Longer	194,066	203,469
Total	194,066	203,469
Unrealized Losses
12 Consecutive Months or Longer	25,806	24,978
Total	25,806	24,978
Agency CMOs
Fair Value
Less than 12 Consecutive Months	2,459
12 Consecutive Months or Longer	242,361	251,900
Total	244,820	251,900
Unrealized Losses
Less than 12 Consecutive Months	11
12 Consecutive Months or Longer	47,614	46,491
Total	47,625	46,491
State and municipal obligations
Fair Value
Less than 12 Consecutive Months	3,489	1,796
12 Consecutive Months or Longer	22,186	21,513
Total	25,675	23,309
Unrealized Losses
Less than 12 Consecutive Months	11	54
12 Consecutive Months or Longer	1,968	1,878
Total	$ 1,979	$ 1,932

LOANS HELD FOR INVESTMENT, NE_2

LOANS HELD FOR INVESTMENT, NET - Loan Categories (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Loans held for investment, net:
Total	$ 10,763,265	$ 10,766,837
Fair value hedge basis point adjustments	1,318	6,591
Total loans, net of fair value hedge basis point adjustments	10,764,583	10,773,428
Allowance for credit losses	(76,068)	(71,743)
Total loans held for investment, net	10,688,515	10,701,685
Business loans
Loans held for investment, net:
Total	2,326,962	2,308,171
Allowance for credit losses	(35,981)	(35,962)	$ (43,879)	$ (47,029)
One-to-four family residential and cooperative/condominium apartment
Loans held for investment, net:
Total	873,335	887,555
Allowance for credit losses	(6,973)	(6,813)	(6,012)	(5,969)
Multifamily residential and residential mixed-use
Loans held for investment, net:
Total	3,996,548	4,017,176
Allowance for credit losses	(11,171)	(7,237)	(7,613)	(8,360)
Non-owner-occupied commercial real estate
Loans held for investment, net:
Total	3,385,898	3,379,667
Allowance for credit losses	(19,445)	(19,623)	(18,076)	(20,153)
Acquisition, development, and construction ("ADC")
Loans held for investment, net:
Total	175,352	168,513
Allowance for credit losses	(2,322)	(1,989)	(2,515)	(1,723)
Other Loans
Loans held for investment, net:
Total	5,170	5,755
Allowance for credit losses	$ (176)	$ (119)	$ (240)	$ (273)

LOANS HELD FOR INVESTMENT, NE_3

LOANS HELD FOR INVESTMENT, NET - Allowance for Credit Losses Activity (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Allowance for loan losses [Roll Forward]
Allowance for credit losses, Beginning balance	$ 71,743
Provision (recovery) for credit losses	5,210	$ (3,648)
Allowance for credit losses, Ending balance	76,068		$ 71,743
Non-accrual with No Allowance	15,563		3,780
Non-accrual with Allowance	19,264		25,319
Reserve	13,247		14,202
Interest income on non-accrual loans held for investment
Interest income on non-accrual loans	0	0
Business loans
Allowance for loan losses [Roll Forward]
Allowance for credit losses, Beginning balance	35,962	47,029	47,029
Provision (recovery) for credit losses	734	(1,608)
Charge-offs	(796)	(2,029)	(15,364)
Recoveries	81	487
Allowance for credit losses, Ending balance	35,981	43,879	35,962
Non-accrual with No Allowance	3,310		3,780
Non-accrual with Allowance	14,903		14,794
Reserve	12,800		13,127
One-to-four family residential and cooperative/condominium apartment
Allowance for loan losses [Roll Forward]
Allowance for credit losses, Beginning balance	6,813	5,969	5,969
Provision (recovery) for credit losses	160	43
Charge-offs			(14)
Allowance for credit losses, Ending balance	6,973	6,012	6,813
Non-accrual with Allowance	3,689		3,248
Reserve	145		133
Multifamily residential and residential mixed-use
Allowance for loan losses [Roll Forward]
Allowance for credit losses, Beginning balance	7,237	8,360	8,360
Provision (recovery) for credit losses	3,934	(747)
Charge-offs			(2)
Allowance for credit losses, Ending balance	11,171	7,613	7,237
Non-owner-occupied commercial real estate
Allowance for loan losses [Roll Forward]
Allowance for credit losses, Beginning balance	19,623	20,153	20,153
Provision (recovery) for credit losses	(178)	(2,077)
Allowance for credit losses, Ending balance	19,445	18,076	19,623
Non-accrual with Allowance	15		6,620
Reserve	15		636
Acquisition, development, and construction ("ADC")
Allowance for loan losses [Roll Forward]
Allowance for credit losses, Beginning balance	1,989	1,723	1,723
Provision (recovery) for credit losses	333	792
Allowance for credit losses, Ending balance	2,322	2,515	1,989
Non-accrual with No Allowance	12,253
Non-accrual with Allowance	657		657
Reserve	287		305
Other Loans
Allowance for loan losses [Roll Forward]
Allowance for credit losses, Beginning balance	119	273	273
Provision (recovery) for credit losses	81	(34)
Charge-offs	(30)	(1)
Recoveries	6	2
Allowance for credit losses, Ending balance	176	240	119
Includes other loans
Allowance for loan losses [Roll Forward]
Allowance for credit losses, Beginning balance	71,743	83,507	83,507
Provision (recovery) for credit losses	5,064	(3,631)
Charge-offs	(826)	(2,030)
Recoveries	87	489
Allowance for credit losses, Ending balance	$ 76,068	$ 78,335	$ 71,743

LOANS HELD FOR INVESTMENT, NE_4

LOANS HELD FOR INVESTMENT, NET - Past Due Status (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	$ 10,763,265	$ 10,766,837
Total Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	86,176	42,366
30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	26,197	11,977
60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	25,152	1,290
Non-Accrual
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	34,827	29,099
90 days or more past due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	0	0
Current
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	10,677,089	10,724,471
Business loans
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	2,326,962	2,308,171
Business loans \| Total Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	25,013	26,930
Business loans \| 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	3,246	7,139
Business loans \| 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	3,554	1,217
Business loans \| Non-Accrual
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	18,213	18,574
Business loans \| Current
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	2,301,949	2,281,241
One-to-four family residential and cooperative/condominium apartment
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	873,335	887,555
One-to-four family residential and cooperative/condominium apartment \| Total Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	7,629	7,392
One-to-four family residential and cooperative/condominium apartment \| 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	3,892	4,071
One-to-four family residential and cooperative/condominium apartment \| 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	48	73
One-to-four family residential and cooperative/condominium apartment \| Non-Accrual
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	3,689	3,248
One-to-four family residential and cooperative/condominium apartment \| Current
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	865,706	880,163
Multifamily residential and residential mixed-use
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	3,996,548	4,017,176
Multifamily residential and residential mixed-use \| Total Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	40,030
Multifamily residential and residential mixed-use \| 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	18,480
Multifamily residential and residential mixed-use \| 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	21,550
Multifamily residential and residential mixed-use \| Non-Accrual
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	0
Multifamily residential and residential mixed-use \| 90 days or more past due
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans 90 Days or More Past Due and Still Accruing Interest	0
Multifamily residential and residential mixed-use \| Current
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	3,956,518	4,017,176
Non-owner-occupied commercial real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	3,385,898	3,379,667
Non-owner-occupied commercial real estate \| Total real estate loans
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	3,385,898	3,379,667
Non-owner-occupied commercial real estate \| Total real estate loans \| Total Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	592	6,957
Non-owner-occupied commercial real estate \| Total real estate loans \| 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	577	337
Non-owner-occupied commercial real estate \| Total real estate loans \| Non-Accrual
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	15	6,620
Non-owner-occupied commercial real estate \| Total real estate loans \| Current
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	3,385,306	3,372,710
Acquisition, development, and construction ("ADC")
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	175,352	168,513
Acquisition, development, and construction ("ADC") \| Total Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	12,910	1,087
Acquisition, development, and construction ("ADC") \| 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total		430
Acquisition, development, and construction ("ADC") \| Non-Accrual
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	12,910	657
Acquisition, development, and construction ("ADC") \| Current
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	162,442	167,426
Other Loans
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	5,170	5,755
Other Loans \| Total Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	2
Other Loans \| 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	2
Other Loans \| Current
Financing Receivable, Recorded Investment, Aging [Abstract]
Total	$ 5,168	$ 5,755

LOANS HELD FOR INVESTMENT, NE_5

LOANS HELD FOR INVESTMENT, NET - Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans, net of fair value hedge basis point adjustments	$ 10,764,583	$ 10,773,428
Allowance for credit losses	76,068	71,743
Real Estate Collateral Dependent
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans, net of fair value hedge basis point adjustments	17,876	11,004
Allowance for credit losses	1,497	926
Business loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses	35,981	35,962	$ 43,879	$ 47,029
Business loans \| Real Estate Collateral Dependent
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans, net of fair value hedge basis point adjustments	4,966	3,742
Allowance for credit losses	1,210
One-to-four family residential and cooperative/condominium apartment
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses	6,973	6,813	6,012	5,969
Multifamily residential and residential mixed-use
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses	11,171	7,237	7,613	8,360
Non-owner-occupied commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses	19,445	19,623	18,076	20,153
Non-owner-occupied commercial real estate \| Real Estate Collateral Dependent
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans, net of fair value hedge basis point adjustments		6,605
Allowance for credit losses		621
Acquisition, development, and construction ("ADC")
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses	2,322	1,989	2,515	1,723
Acquisition, development, and construction ("ADC") \| Real Estate Collateral Dependent
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans, net of fair value hedge basis point adjustments	12,910	657
Allowance for credit losses	287	305
Other Loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses	$ 176	$ 119	$ 240	$ 273

LOANS HELD FOR INVESTMENT, NE_6

LOANS HELD FOR INVESTMENT, NET - Amortized Cost of Loans Modified (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 109,075	$ 3,325
% of Total Class of Financing Receivable	1%	0%
Term Extension
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 1,889
Significant Payment Delay
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	94,196	$ 2,850
Term Extension and Significant Payment Delay
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	708	475
Significant Payment Delay and Interest Rate Reduction
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	29
Significant Payment Delay, Term Extension and Interest Rate Reduction
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	12,253
Business loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 3,429	$ 475
% of Total Class of Financing Receivable	0.10%	0%
Business loans \| Term Extension
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 1,889
Business loans \| Significant Payment Delay
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	1,207
Business loans \| Term Extension and Significant Payment Delay
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	304	$ 475
Business loans \| Significant Payment Delay and Interest Rate Reduction
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	29
One-to-four family residential and cooperative/condominium apartment
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 404	$ 2,850
% of Total Class of Financing Receivable	0%	0.40%
One-to-four family residential and cooperative/condominium apartment \| Significant Payment Delay
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified		$ 2,850
One-to-four family residential and cooperative/condominium apartment \| Term Extension and Significant Payment Delay
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 404
Multifamily residential and residential mixed-use
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 61,832
% of Total Class of Financing Receivable	1.50%
Multifamily residential and residential mixed-use \| Significant Payment Delay
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 61,832
Non-owner-occupied commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 31,157
% of Total Class of Financing Receivable	0.90%
Non-owner-occupied commercial real estate \| Significant Payment Delay
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 31,157
Acquisition, development, and construction ("ADC")
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 12,253
% of Total Class of Financing Receivable	7%
Acquisition, development, and construction ("ADC") \| Significant Payment Delay, Term Extension and Interest Rate Reduction
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 12,253

LOANS HELD FOR INVESTMENT, NE_7

LOANS HELD FOR INVESTMENT, NET - Financial Effect of Modifications made to Borrowers (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Business loans \| Interest Rate Reductions
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted Average Interest Rate Reductions	5%	4.30%
Business loans \| Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted Average months of Term Extensions	12 months	13 months
Business loans \| Payment Delay
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment Delay	$ 146	$ 2,406
One-to-four family residential and cooperative/condominium apartment \| Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted Average months of Term Extensions	11 months	189 months
One-to-four family residential and cooperative/condominium apartment \| Payment Delay
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment Delay	$ 13	$ 76
Multifamily residential and residential mixed-use \| Payment Delay
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment Delay	306
Non-owner-occupied commercial real estate \| Payment Delay
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment Delay	$ 561	$ 988
Acquisition, development, and construction ("ADC") \| Interest Rate Reductions
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted Average Interest Rate Reductions	2%
Acquisition, development, and construction ("ADC") \| Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted Average months of Term Extensions	5 months
Acquisition, development, and construction ("ADC") \| Payment Delay
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment Delay	$ 411

LOANS HELD FOR INVESTMENT, NE_8

LOANS HELD FOR INVESTMENT, NET - Performance of Modified Loans, After 12 Months (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 109,075	$ 3,325
Loans that defaulted during the quarter and were modified in the 12 months before default to borrowers experiencing financial difficulty	149,376	3,325
Current
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans that defaulted during the quarter and were modified in the 12 months before default to borrowers experiencing financial difficulty	100,451	3,325
30 to 59 Days Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans that defaulted during the quarter and were modified in the 12 months before default to borrowers experiencing financial difficulty	12,651
60 to 89 Days Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans that defaulted during the quarter and were modified in the 12 months before default to borrowers experiencing financial difficulty	21,790
Non-Accrual
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans that defaulted during the quarter and were modified in the 12 months before default to borrowers experiencing financial difficulty	14,484
Business loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	3,429	475
Loans that defaulted during the quarter and were modified in the 12 months before default to borrowers experiencing financial difficulty	16,074	475
Business loans \| Current
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans that defaulted during the quarter and were modified in the 12 months before default to borrowers experiencing financial difficulty	13,694	475
Business loans \| 60 to 89 Days Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans that defaulted during the quarter and were modified in the 12 months before default to borrowers experiencing financial difficulty	240
Business loans \| Non-Accrual
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans that defaulted during the quarter and were modified in the 12 months before default to borrowers experiencing financial difficulty	2,140
One-to-four family residential and cooperative/condominium apartment
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	404	2,850
Loans that defaulted during the quarter and were modified in the 12 months before default to borrowers experiencing financial difficulty	3,353	2,850
One-to-four family residential and cooperative/condominium apartment \| Current
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans that defaulted during the quarter and were modified in the 12 months before default to borrowers experiencing financial difficulty	3,262	$ 2,850
One-to-four family residential and cooperative/condominium apartment \| Non-Accrual
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans that defaulted during the quarter and were modified in the 12 months before default to borrowers experiencing financial difficulty	91
Multifamily residential and residential mixed-use
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	61,832
Loans that defaulted during the quarter and were modified in the 12 months before default to borrowers experiencing financial difficulty	61,832
Multifamily residential and residential mixed-use \| Current
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans that defaulted during the quarter and were modified in the 12 months before default to borrowers experiencing financial difficulty	27,631
Multifamily residential and residential mixed-use \| 30 to 59 Days Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans that defaulted during the quarter and were modified in the 12 months before default to borrowers experiencing financial difficulty	12,651
Multifamily residential and residential mixed-use \| 60 to 89 Days Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans that defaulted during the quarter and were modified in the 12 months before default to borrowers experiencing financial difficulty	21,550
Non-owner-occupied commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	31,157
Loans that defaulted during the quarter and were modified in the 12 months before default to borrowers experiencing financial difficulty	55,864
Non-owner-occupied commercial real estate \| Current
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans that defaulted during the quarter and were modified in the 12 months before default to borrowers experiencing financial difficulty	55,864
Acquisition, development, and construction ("ADC")
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	12,253
Loans that defaulted during the quarter and were modified in the 12 months before default to borrowers experiencing financial difficulty	12,253
Acquisition, development, and construction ("ADC") \| Non-Accrual
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans that defaulted during the quarter and were modified in the 12 months before default to borrowers experiencing financial difficulty	$ 12,253

LOANS HELD FOR INVESTMENT, NE_9

LOANS HELD FOR INVESTMENT, NET - Additional Information (Details) - item	Mar. 31, 2024	Mar. 31, 2023
LOANS HELD FOR INVESTMENT, NET
Number of loans	0	0

LOANS HELD FOR INVESTMENT, N_10

LOANS HELD FOR INVESTMENT, NET - Credit Quality Indicators (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Credit Risk Profile of Real Estate Loans [Abstract]
Total	$ 10,763,265		$ 10,766,837
Pass
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	131,925		922,902
2023/2022	919,428		2,700,103
2022/2021	2,712,977		1,582,274
2021/2020	1,564,118		954,855
2020/2019	954,980		960,030
2019/2018 and Prior	3,129,516		2,257,567
Revolving	706,798		704,128
Revolving-Term	75,148		60,048
Total	10,194,890		10,141,907
Special Mention
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023			481
2023/2022	456		53,182
2022/2021	16,844		45,366
2021/2020	45,237		92,825
2020/2019	91,319		27,827
2019/2018 and Prior	80,866		70,219
Revolving	20,788		21,267
Revolving-Term	8,098		26,082
Total	263,608		337,249
Substandard
Credit Risk Profile of Real Estate Loans [Abstract]
2023/2022			1,857
2022/2021	9,025		2,196
2021/2020	2,802		96,805
2020/2019	85,699		14,483
2019/2018 and Prior	164,323		130,103
Revolving	16,492		15,567
Revolving-Term	20,508		20,167
Total	298,849		281,178
Doubtful
Credit Risk Profile of Real Estate Loans [Abstract]
2019/2018 and Prior	748		748
Total	748		748
Business loans
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	69,153		259,180
2023/2022	255,930		434,299
2022/2021	417,317		200,169
2021/2020	197,240		165,092
2020/2019	161,212		160,799
2019/2018 and Prior	479,503		339,404
Revolving	669,079		670,394
Revolving-Term	77,528		78,834
Total	2,326,962		2,308,171
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
YTD Gross Charge-Offs 2022/2021	80		77
YTD Gross Charge-Offs 2021/2020			38
YTD Gross Charge-Offs 2020/2019			4,166
YTD Gross Charge-Offs 2019/2018 and Prior			2,229
YTD Gross Charge-Offs Revolving	633		5,464
YTD Gross Charge-Offs Revolving-Term	83		3,390
YTD Gross Charge-Offs	796	$ 2,029	15,364
Business loans \| Pass
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	69,153		258,699
2023/2022	255,474		390,760
2022/2021	392,650		196,790
2021/2020	193,191		144,796
2020/2019	153,026		150,871
2019/2018 and Prior	435,108		305,258
Revolving	631,958		633,719
Revolving-Term	51,322		35,079
Total	2,181,882		2,115,972
Business loans \| Special Mention
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023			481
2023/2022	456		41,682
2022/2021	15,642		1,199
2021/2020	1,262		13,567
2020/2019	1,746		7,125
2019/2018 and Prior	10,551		3,150
Revolving	20,629		21,108
Revolving-Term	7,401		25,306
Total	57,687		113,618
Business loans \| Substandard
Credit Risk Profile of Real Estate Loans [Abstract]
2023/2022			1,857
2022/2021	9,025		2,180
2021/2020	2,787		6,729
2020/2019	6,440		2,803
2019/2018 and Prior	33,096		30,248
Revolving	16,492		15,567
Revolving-Term	18,805		18,449
Total	86,645		77,833
Business loans \| Doubtful
Credit Risk Profile of Real Estate Loans [Abstract]
2019/2018 and Prior	748		748
Total	748		748
One-to-four family residential and cooperative/condominium apartment
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	7,113		170,601
2023/2022	167,096		213,479
2022/2021	210,948		102,684
2021/2020	101,157		70,529
2020/2019	67,202		62,693
2019/2018 and Prior	275,342		221,875
Revolving	31,290		31,364
Revolving-Term	13,187		14,330
Total	873,335		887,555
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
YTD Gross Charge-Offs Revolving-Term			14
YTD Gross Charge-Offs			14
One-to-four family residential and cooperative/condominium apartment \| Pass
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	7,113		170,601
2023/2022	167,096		213,479
2022/2021	210,948		102,684
2021/2020	101,157		69,524
2020/2019	66,202		62,356
2019/2018 and Prior	266,235		213,131
Revolving	31,131		31,205
Revolving-Term	11,444		12,493
Total	861,326		875,473
One-to-four family residential and cooperative/condominium apartment \| Special Mention
Credit Risk Profile of Real Estate Loans [Abstract]
2019/2018 and Prior	33		33
Revolving	159		159
Revolving-Term	697		776
Total	889		968
One-to-four family residential and cooperative/condominium apartment \| Substandard
Credit Risk Profile of Real Estate Loans [Abstract]
2021/2020			1,005
2020/2019	1,000		337
2019/2018 and Prior	9,074		8,711
Revolving-Term	1,046		1,061
Total	11,120		11,114
Multifamily residential and residential mixed-use
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	11,137		256,822
2023/2022	256,226		1,340,197
2022/2021	1,341,393		587,686
2021/2020	578,481		316,312
2020/2019	324,466		393,912
2019/2018 and Prior	1,474,984		1,113,081
Revolving	5,550		4,841
Revolving-Term	4,311		4,325
Total	3,996,548		4,017,176
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
YTD Gross Charge-Offs 2019/2018 and Prior			2
YTD Gross Charge-Offs			2
Multifamily residential and residential mixed-use \| Pass
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	11,137		256,822
2023/2022	256,226		1,340,197
2022/2021	1,340,191		578,352
2021/2020	569,200		283,633
2020/2019	291,859		384,937
2019/2018 and Prior	1,339,820		981,820
Revolving	5,550		4,841
Revolving-Term	4,311		4,325
Total	3,818,294		3,834,927
Multifamily residential and residential mixed-use \| Special Mention
Credit Risk Profile of Real Estate Loans [Abstract]
2022/2021	1,202		9,334
2021/2020	9,281		3,880
2020/2019	14,403		3,886
2019/2018 and Prior	56,732		64,273
Total	81,618		81,373
Multifamily residential and residential mixed-use \| Substandard
Credit Risk Profile of Real Estate Loans [Abstract]
2021/2020			28,799
2020/2019	18,204		5,089
2019/2018 and Prior	78,432		66,988
Total	96,636		100,876
Non-owner-occupied commercial real estate
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	40,593		220,045
2023/2022	217,651		738,133
2022/2021	737,938		665,134
2021/2020	661,106		582,652
2020/2019	579,118		370,018
2019/2018 and Prior	1,130,405		783,840
Revolving	11,223		11,919
Revolving-Term	7,864		7,926
Total	3,385,898		3,379,667
Non-owner-occupied commercial real estate \| Pass
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	40,593		220,045
2023/2022	217,651		738,133
2022/2021	737,938		645,246
2021/2020	641,361		447,002
2020/2019	443,893		359,201
2019/2018 and Prior	1,085,387		756,921
Revolving	11,223		11,919
Revolving-Term	7,864		7,926
Total	3,185,910		3,186,393
Non-owner-occupied commercial real estate \| Special Mention
Credit Risk Profile of Real Estate Loans [Abstract]
2022/2021			19,872
2021/2020	19,730		75,378
2020/2019	75,170		4,563
2019/2018 and Prior	13,550		2,763
Total	108,450		102,576
Non-owner-occupied commercial real estate \| Substandard
Credit Risk Profile of Real Estate Loans [Abstract]
2022/2021			16
2021/2020	15		60,272
2020/2019	60,055		6,254
2019/2018 and Prior	31,468		24,156
Total	91,538		90,698
Non-owner-occupied commercial real estate \| Total real estate loans
Credit Risk Profile of Real Estate Loans [Abstract]
Total	3,385,898		3,379,667
Acquisition, development, and construction ("ADC")
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	3,929		16,735
2023/2022	22,981		29,034
2022/2021	31,250		74,163
2021/2020	74,173		9,900
2020/2019			14,918
2019/2018 and Prior	15,219		437
Revolving	26,936		22,444
Revolving-Term	864		882
Total	175,352		168,513
Acquisition, development, and construction ("ADC") \| Pass
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	3,929		16,735
2023/2022	22,981		17,534
2022/2021	31,250		59,202
2021/2020	59,209		9,900
2020/2019			2,665
2019/2018 and Prior	2,966		437
Revolving	26,936		22,444
Revolving-Term	207		225
Total	147,478		129,142
Acquisition, development, and construction ("ADC") \| Special Mention
Credit Risk Profile of Real Estate Loans [Abstract]
2023/2022			11,500
2022/2021			14,961
2021/2020	14,964
2020/2019			12,253
Total	14,964		38,714
Acquisition, development, and construction ("ADC") \| Substandard
Credit Risk Profile of Real Estate Loans [Abstract]
2019/2018 and Prior	12,253
Revolving-Term	657		657
Total	12,910		657
Other Loans
Credit Risk Profile of Real Estate Loans [Abstract]
Total	5,170		5,755
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
YTD Gross Charge-Offs	30	$ 1
Other Loans \| Credit Risk Profile
Credit Risk Profile of Real Estate Loans [Abstract]
Total	5,170		5,755
Other Loans \| Performing \| Credit Risk Profile
Credit Risk Profile of Real Estate Loans [Abstract]
Total	5,170		5,755
Excludes Other Loans
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	131,925		923,383
2023/2022	919,884		2,755,142
2022/2021	2,738,846		1,629,836
2021/2020	1,612,157		1,144,485
2020/2019	1,131,998		1,002,340
2019/2018 and Prior	3,375,453		2,458,637
Revolving	744,078		740,962
Revolving-Term	103,754		106,297
Total	10,758,095		10,761,082
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
YTD Gross Charge-Offs 2022/2021	80		77
YTD Gross Charge-Offs 2021/2020			38
YTD Gross Charge-Offs 2020/2019			4,166
YTD Gross Charge-Offs 2019/2018 and Prior			2,231
YTD Gross Charge-Offs Revolving	633		5,464
YTD Gross Charge-Offs Revolving-Term	83		3,404
YTD Gross Charge-Offs	$ 796		$ 15,380

LEASES - Maturities of the Comp

LEASES - Maturities of the Company's operating lease liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Rent to be Capitalized
2024	$ 10,023
2025	13,162
2026	12,511
2027	10,670
2028	4,656
Thereafter	7,274
Total undiscounted lease payments	58,296
Less amounts representing interest	(3,569)
Operating lease liabilities	$ 54,727	$ 55,454

LEASES - Other information rela

LEASES - Other information related to operating leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Other information related to operating leases:
Operating lease cost	$ 3,291	$ 3,141
Cash paid for amounts included in the measurement of operating lease liabilities	$ 3,276	$ 3,071
Weighted average remaining lease term	4 years 10 months 24 days		5 years
Weighted average discount rate	2.44%		2.34%

DERIVATIVES AND HEDGING ACTIV_3

DERIVATIVES AND HEDGING ACTIVITIES - Fair value and cash flow hedge accounting on the consolidated statements of financial condition (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Designated as Hedging Instrument \| Fair value hedges \| Interest Rate Products
DERIVATIVES AND HEDGING ACTIVITIES
Notional amount, liabilities	$ 500,000	$ 500,000
Fair Value Liabilities	1,353	6,594
Designated as Hedging Instrument \| Cash flow hedges \| Interest Rate Products
DERIVATIVES AND HEDGING ACTIVITIES
Notional amount, assets	150,000	150,000
Notional amount, liabilities	200,000	200,000
Fair Value Assets	13,107	12,492
Fair Value Liabilities	1,067	5,031
Not Designated as Hedging Instrument \| Interest Rate Products
DERIVATIVES AND HEDGING ACTIVITIES
Notional amount, assets	1,605,675	1,682,961
Notional amount, liabilities	1,605,675	1,682,961
Fair Value Assets	122,055	114,671
Fair Value Liabilities	122,055	114,671
Not Designated as Hedging Instrument \| Other Contract
DERIVATIVES AND HEDGING ACTIVITIES
Notional amount, liabilities	93,726	93,891
Fair Value Liabilities	$ 8	$ 24

DERIVATIVES AND HEDGING ACTIV_4

DERIVATIVES AND HEDGING ACTIVITIES - Effect of fair value and cash flow hedge accounting on the consolidated statements of operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
DERIVATIVES AND HEDGING ACTIVITIES
Effects of fair value or cash flow hedges are recorded		$ 1,534
Interest Income
DERIVATIVES AND HEDGING ACTIVITIES
Effects of fair value or cash flow hedges are recorded	$ 628
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest and Dividend Income, Operating
Interest Expense
DERIVATIVES AND HEDGING ACTIVITIES
Effects of fair value or cash flow hedges are recorded	$ 2,435
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense.	Interest Expense.
Interest Rate Products \| Interest Income
DERIVATIVES AND HEDGING ACTIVITIES
Change in unrealized gain (loss) on hedged item	$ (5,273)
Interest Rate Products \| Designated as Hedging Instrument \| Fair value hedges
DERIVATIVES AND HEDGING ACTIVITIES
Effects of fair value or cash flow hedges are recorded	$ 5,901
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest and Dividend Income, Operating
Interest Rate Products \| Designated as Hedging Instrument \| Cash flow hedges
DERIVATIVES AND HEDGING ACTIVITIES
Cash flow hedging relationships gain (loss) reclassified from AOCI into income	$ 2,435	$ 1,534
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense.	Interest Expense.

DERIVATIVES AND HEDGING ACTIV_5

DERIVATIVES AND HEDGING ACTIVITIES - Fair Value Hedges Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
DERIVATIVES AND HEDGING ACTIVITIES
Interest income from swap transaction		$ 0
Fair value hedges \| Designated as Hedging Instrument
DERIVATIVES AND HEDGING ACTIVITIES
Clearing house related to the fair value derivatives	$ 1,300,000		$ 6,500,000
Fair value hedges \| Interest Rate Swaps \| Designated as Hedging Instrument
DERIVATIVES AND HEDGING ACTIVITIES
Average fixed interest rate	4.82%
Mortgage loans - Amortized Cost	$ 719,500,000		729,500,000
Last-of-layer in the open hedge relationship	500,000,000		500,000,000
Basis adjustment associated with the hedge	1,300,000		$ 6,600,000
Interest income from swap transaction	$ 628,000

DERIVATIVES AND HEDGING ACTIV_6

DERIVATIVES AND HEDGING ACTIVITIES - Cumulative basis adjustment for fair value hedges (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
DERIVATIVES AND HEDGING ACTIVITIES
Carrying Amount of the Hedged Assets	$ 720,781	$ 736,098
Hedged Asset, Statement of Financial Position [Extensible Enumeration]	Derivative assets	Derivative assets
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets	$ 1,318	$ 6,591

DERIVATIVES AND HEDGING ACTIV_7

DERIVATIVES AND HEDGING ACTIVITIES - Cash Flow Hedges Narrative (Details)	3 Months Ended
	Mar. 31, 2024 USD ($) DerivativeInstrument	Mar. 31, 2023 DerivativeInstrument	Dec. 31, 2023 USD ($)
DERIVATIVES AND HEDGING ACTIVITIES
Estimated reclassification as a decrease to interest expense during next twelve months	$ 8,000,000
Number of derivatives terminated \| DerivativeInstrument	0	0
Termination value of derivatives	$ 0
Collateral received against obligations in net asset position	14,100,000		$ 13,500,000
Designated as Hedging Instrument \| Cash flow hedges
DERIVATIVES AND HEDGING ACTIVITIES
Clearing house related to the fair value derivatives	$ 1,100,000		$ 4,900,000

DERIVATIVES AND HEDGING ACTIV_8

DERIVATIVES AND HEDGING ACTIVITIES - Effect on Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Effect of cash flow hedge accounting on Accumulated Other Comprehensive Income (Loss):
Gain (loss) recognized in other comprehensive income (loss)	$ 2,145	$ (2,111)
Interest Rate Products \| Other Comprehensive Income
Effect of cash flow hedge accounting on Accumulated Other Comprehensive Income (Loss):
Gain (loss) recognized in other comprehensive income (loss)	2,145	(2,111)
Interest Rate Products \| Other Comprehensive Income \| Interest Expense
Effect of cash flow hedge accounting on Accumulated Other Comprehensive Income (Loss):
(Loss) gain reclassified from other comprehensive income into interest expense	$ (2,435)	$ 313

DERIVATIVES AND HEDGING ACTIV_9

DERIVATIVES AND HEDGING ACTIVITIES - Classification on Consolidated Statements of Financial Condition (Details)	3 Months Ended
	Mar. 31, 2024 USD ($) DerivativeInstrument	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($) DerivativeInstrument
Cash Flow Hedges
Collateral received against obligations in net asset position	$ 14,100,000		$ 13,500,000
Not Designated as Hedging Instrument
Cash Flow Hedges
Loan level derivative income	406,000	$ 3,133,000
Interest Rate Products \| Designated as Hedging Instrument \| Cash flow hedges
Cash Flow Hedges
Notional amount, assets	150,000,000		150,000,000
Notional amount, liabilities	200,000,000		200,000,000
Fair value assets	13,107,000		12,492,000
Interest Rate Products \| Designated as Hedging Instrument \| Fair value hedges
Cash Flow Hedges
Notional amount, liabilities	500,000,000		500,000,000
Interest Rate Products \| Not Designated as Hedging Instrument
Cash Flow Hedges
Notional amount, assets	1,605,675,000		1,682,961,000
Notional amount, liabilities	1,605,675,000		1,682,961,000
Fair value assets	$ 122,055,000		$ 114,671,000
Loan Level Interest Rate Swaps with Borrower (Assets) \| Not Designated as Hedging Instrument
Cash Flow Hedges
Count, assets \| DerivativeInstrument	27		49
Notional amount, assets	$ 267,414,000		$ 491,394,000
Fair value assets	$ 3,073,000		$ 10,985,000
Loan Level Interest Rate Swaps with Borrower (Liabilities) \| Not Designated as Hedging Instrument
Cash Flow Hedges
Count, liabilities \| DerivativeInstrument	198		178
Notional amount, liabilities	$ 1,335,326,000		$ 1,121,085,000
Fair value liabilities	(118,808,000)		$ (103,570,000)
Posted collateral	$ 0
Loan level interest rate floors with borrower (assets) \| Not Designated as Hedging Instrument
Cash Flow Hedges
Count, liabilities \| DerivativeInstrument			7
Notional amount, liabilities			$ 40,761,000
Fair value liabilities			$ (116,000)
Loan level interest rate floors with borrower (liabilities) \| Not Designated as Hedging Instrument
Cash Flow Hedges
Count, assets \| DerivativeInstrument			2
Count, liabilities \| DerivativeInstrument	2
Notional amount, assets			$ 29,721,000
Notional amount, liabilities	$ 2,935,000
Fair value liabilities	(174,000)
Loan level interest rate swaps with third party counterparties (assets) \| Designated as Hedging Instrument
Cash Flow Hedges
Posted collateral	$ 0		$ 0
Loan level interest rate swaps with third party counterparties (assets) \| Not Designated as Hedging Instrument
Cash Flow Hedges
Count, assets \| DerivativeInstrument	198		178
Notional amount, assets	$ 1,335,326,000		$ 1,121,085,000
Fair value assets	118,808,000		103,570,000
Posted collateral	0		0
Collateral received against obligations in net asset position	$ 118,800,000		$ 94,700,000
Loan level interest rate swaps with third party counterparties (liabilities) \| Not Designated as Hedging Instrument
Cash Flow Hedges
Count, liabilities \| DerivativeInstrument	27		49
Notional amount, liabilities	$ 267,414,000		$ 491,394,000
Fair value liabilities	$ (3,073,000)		$ (10,985,000)
Loan level interest rate floors with third party counterparties (assets) \| Not Designated as Hedging Instrument
Cash Flow Hedges
Count, assets \| DerivativeInstrument	2		2
Notional amount, assets	$ 2,935,000		$ 29,721,000
Fair value assets	$ 174,000
Loan level interest rate floors with third party counterparties \| Not Designated as Hedging Instrument
Cash Flow Hedges
Count, assets \| DerivativeInstrument			7
Notional amount, assets			$ 40,761,000
Fair value assets			$ 116,000

DERIVATIVES AND HEDGING ACTI_10

DERIVATIVES AND HEDGING ACTIVITIES - Risk Participation and Credit Risk Related Contingent Features (Details)	3 Months Ended
	Mar. 31, 2024 USD ($) position	Dec. 31, 2023 USD ($)
DERIVATIVES AND HEDGING ACTIVITIES
Notional amounts of risk participation agreements for derivative liabilities	$ 93,700,000	$ 93,900,000
Credit Risk Related Contingent Features [Abstract]
Derivatives in a net liability position	0
Termination value of derivatives	$ 0
Number of provisions breached \| position	0

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financial Assets
Derivative assets	$ 135,162	$ 122,132
Financial Liabilities
Derivative liabilities	122,112	121,265
Recurring \| Fair value hedges
Financial Liabilities
Derivative liabilities	1,353	6,594
Recurring \| Cash flow hedges
Financial Assets
Derivative assets	13,107	7,461
Financial Liabilities
Derivative liabilities	1,067
Recurring \| Freestanding derivatives, net
Financial Assets
Derivative assets	122,055	114,671
Financial Liabilities
Derivative liabilities	122,055	114,671
Recurring \| Level 2 Inputs \| Fair value hedges
Financial Liabilities
Derivative liabilities	1,353	6,594
Recurring \| Level 2 Inputs \| Cash flow hedges
Financial Assets
Derivative assets	13,107	7,461
Financial Liabilities
Derivative liabilities	1,067
Recurring \| Level 2 Inputs \| Freestanding derivatives, net
Financial Assets
Derivative assets	122,055	114,671
Financial Liabilities
Derivative liabilities	122,055	114,671
Nonrecurring \| Level 3 Inputs
Certain individually evaluated loans
Individually evaluated loans	854	6,336
Carrying Amount
Certain individually evaluated loans
Individually evaluated loans	10,687,661	10,695,349
Carrying Amount \| Nonrecurring
Certain individually evaluated loans
Individually evaluated loans	854	6,336
US Government Agencies Debt Securities [Member] \| Recurring
Financial Assets
Securities available-for-sale:	9,409	9,371
US Government Agencies Debt Securities [Member] \| Recurring \| Level 2 Inputs
Financial Assets
Securities available-for-sale:	9,409	9,371
US Treasury Securities [Member] \| Recurring
Financial Assets
Securities available-for-sale:	228,171	234,190
US Treasury Securities [Member] \| Recurring \| Level 2 Inputs
Financial Assets
Securities available-for-sale:	228,171	234,190
Corporate securities \| Recurring
Financial Assets
Securities available-for-sale:	150,245	151,170
Corporate securities \| Recurring \| Level 2 Inputs
Financial Assets
Securities available-for-sale:	150,245	151,170
Pass-through mortgage-backed securities ("MBS") issued by government sponsored entities ("GSEs") \| Recurring
Financial Assets
Mortgage-backed securities	195,876	205,285
Pass-through mortgage-backed securities ("MBS") issued by government sponsored entities ("GSEs") \| Recurring \| Level 2 Inputs
Financial Assets
Mortgage-backed securities	195,876	205,285
Agency collateralized mortgage obligations ("CMOs") \| Recurring
Financial Assets
Securities available-for-sale:	249,840	259,415
Agency collateralized mortgage obligations ("CMOs") \| Recurring \| Level 2 Inputs
Financial Assets
Securities available-for-sale:	249,840	259,415
State and municipal obligations \| Recurring
Financial Assets
Securities available-for-sale:	25,675	26,809
State and municipal obligations \| Recurring \| Level 2 Inputs
Financial Assets
Securities available-for-sale:	$ 25,675	$ 26,809

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Individually evaluated loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis [Abstract]
Individually evaluated loans outstanding balance, net of a valuation allowance	$ 10,688,515		$ 10,701,685
Allowance for credit losses	76,068		71,743
Provision (recovery) for credit losses	5,210	$ (3,648)
Nonrecurring
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis [Abstract]
Individually evaluated loans outstanding balance, net of a valuation allowance	2,400		7,300
Allowance for credit losses	1,500		1,000
Provision (recovery) for credit losses	807
Nonrecurring \| Level 3 Inputs
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis [Abstract]
Individually evaluated loans	854		6,336
Carrying Amount
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis [Abstract]
Individually evaluated loans	10,687,661		10,695,349
Carrying Amount \| Nonrecurring
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis [Abstract]
Individually evaluated loans	$ 854		$ 6,336

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS - Financial Instruments Not Measured at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financial Assets [Abstract]
Securities held-to-maturity	$ 504,718	$ 516,930
Carrying Amount
Financial Assets [Abstract]
Cash and due from banks	370,852	457,547
Securities held-to-maturity	589,331	594,639
Loans held for investment, net	10,687,661	10,695,349
Accrued interest receivable	55,369	55,666
Financial Liabilities [Abstract]
Savings, money market and checking accounts	9,343,720	8,922,972
CDs	1,555,157	1,607,683
FHLBNY Advances	773,000	1,313,000
Subordinated debt, net	200,174	200,196
Accrued interest payable	20,121	17,298
Fair Value
Financial Assets [Abstract]
Cash and due from banks	370,852	457,547
Securities held-to-maturity	504,718	516,930
Loans held for investment, net	10,158,385	10,305,026
Accrued interest receivable	55,369	55,666
Financial Liabilities [Abstract]
Savings, money market and checking accounts	9,343,720	8,922,972
CDs	1,550,668	1,602,087
FHLBNY Advances	772,467	1,312,940
Subordinated debt, net	157,374	160,696
Accrued interest payable	20,121	17,298
Level 1 Inputs \| Fair Value
Financial Assets [Abstract]
Cash and due from banks	370,852	457,547
Financial Liabilities [Abstract]
Savings, money market and checking accounts	9,343,720	8,922,972
Level 2 Inputs \| Fair Value
Financial Assets [Abstract]
Securities held-to-maturity	504,718	516,930
Accrued interest receivable	5,798	6,593
Financial Liabilities [Abstract]
CDs	1,550,668	1,602,087
FHLBNY Advances	772,467	1,312,940
Subordinated debt, net	157,374	160,696
Accrued interest payable	20,121	17,298
Level 3 Inputs \| Fair Value
Financial Assets [Abstract]
Loans held for investment, net	10,158,385	10,305,026
Accrued interest receivable	$ 49,571	$ 49,073

OTHER INTANGIBLE ASSETS - Narra

OTHER INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
OTHER INTANGIBLE ASSETS
Amortization expense recognized on intangible assets	$ 307	$ 377

OTHER INTANGIBLE ASSETS - Carry

OTHER INTANGIBLE ASSETS - Carrying amount and accumulated amortization of intangible assets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
OTHER INTANGIBLE ASSETS
Gross carrying value	$ 10,204	$ 10,204
Accumulated amortization	(5,451)	(5,145)
Net carrying amount	$ 4,753	$ 5,059

OTHER INTANGIBLE ASSETS - Estim

OTHER INTANGIBLE ASSETS - Estimated amortization expense (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
OTHER INTANGIBLE ASSETS
2024	$ 857
2025	958
2026	795
2027	664
2028	560
Thereafter	919
Net carrying amount	$ 4,753	$ 5,059

FHLBNY ADVANCES - Narrative (De

FHLBNY ADVANCES - Narrative (Details) - Federal Home Loan Bank of New York - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Borrowings total	$ 773	$ 1,310
Borrowings	1,760	$ 1,190
Callable advances	$ 0

FHLBNY ADVANCES - Summary of FH

FHLBNY ADVANCES - Summary of FHLBNY extinguishments (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
FHLBNY ADVANCES
FHLBNY advances extinguished	$ 1,655,000
Weighted average rate	5.28%
Loss on extinguishment of debt	$ 453

FHLBNY ADVANCES - Contractual m

FHLBNY ADVANCES - Contractual maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Contractual Maturity, Weighted Average Rate
Overnight, fixed rate (as a percent)	5.56%
Federal Home Loan Bank of New York
Contractual Maturity, Amount
Overnight, fixed rate at 5.56%	$ 75,000
2024, fixed rate at rates from 5.25% to 5.56%	650,000	$ 1,265,000
2027, fixed rate at 4.25%	36,000	36,000
2028, fixed rate at 4.04%	12,000	12,000
Total FHLBNY advances	$ 773,000	$ 1,313,000
Contractual Maturity, Weighted Average Rate
Total FHLBNY advances, weighted average interest rate (as a percent)	5.39%	5.23%
Minimum \| Federal Home Loan Bank of New York
Contractual Maturity, Weighted Average Rate
2024	5.25%	5.25%
Maximum \| Federal Home Loan Bank of New York
Contractual Maturity, Weighted Average Rate
2024	5.56%	5.56%
Weighted Average Rate \| Federal Home Loan Bank of New York
Contractual Maturity, Weighted Average Rate
2027	4.25%	4.25%
2028	4.04%	4.04%

SUBORDINATED DEBENTURES (Detail

SUBORDINATED DEBENTURES (Details) - USD ($) $ in Thousands				1 Months Ended	3 Months Ended
SUBORDINATED DEBENTURES (Details) - USD ($) $ in Thousands	Jun. 30, 2022	May 06, 2022	Sep. 30, 2015	Sep. 30, 2015	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Jun. 15, 2022
Debt Instrument [Line Items]
Subordinated notes payable, net					$ 200,200		$ 200,200
Interest expense related to the subordinated debt					$ 2,600	$ 2,600
Fixed to Floating Rate Subordinated Notes Due 2032 (the Notes)
Debt Instrument [Line Items]
Aggregate principal amount issued		$ 160,000
Date after debt becomes callable		May 15, 2027
Fixed to Floating Rate Subordinated Notes Due 2032 (the Notes) \| Prior to May 15, 2027/ September 21, 2015
Debt Instrument [Line Items]
Fixed annual interest rate		5%
Fixed to Floating Rate Subordinated Notes Due 2032 (the Notes) \| On or after August 15, 2027/ September 21, 2015 \| SOFR
Debt Instrument [Line Items]
Basis points added to benchmark rate		2.18%
Fixed to Floating Rate Subordinated Notes Due 2027 (4.50%)
Debt Instrument [Line Items]
Fixed annual interest rate								4.50%
Net proceeds of the offering for the repayment								$ 115,000
Write-off of debt issuance costs	$ 740
Fixed to Floating Rate Subordinated Notes Due 2025 (5.25%)
Debt Instrument [Line Items]
Fixed annual interest rate	5.25%
Net proceeds of the offering for the repayment	$ 40,000
Fixed to Floating Rate Subordinated Notes Due 2030 (5.75%)
Debt Instrument [Line Items]
Aggregate principal amount issued			$ 40,000	$ 40,000
Date after debt becomes callable				Sep. 30, 2030
Fixed to Floating Rate Subordinated Notes Due 2030 (5.75%) \| Prior to May 15, 2027/ September 21, 2015
Debt Instrument [Line Items]
Fixed annual interest rate			5.75%	5.75%
Fixed annual rate, first period duration			10 years
Fixed to Floating Rate Subordinated Notes Due 2030 (5.75%) \| On or after August 15, 2027/ September 21, 2015 \| SOFR
Debt Instrument [Line Items]
Basis points added to benchmark rate				3.72%

RETIREMENT AND POSTRETIREMENT_3

RETIREMENT AND POSTRETIREMENT PLANS - Net periodic benefit (credit) cost for the Employee Retirement Plan (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Employee Retirement Plan
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Interest cost	$ 210	$ 223
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other	Other
Expected return on assets	$ (360)	$ (383)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Other
Amortization of unrealized loss	$ 203	$ 148
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other	Other
Net periodic credit	$ 53	$ (12)
BNB Bank Pension Plan
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost		175
Interest cost	310	330
Expected return on assets	$ (680)	$ (687)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other	Other
Net periodic credit	$ (370)	$ (182)
Retirement Plans
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Contributions to the BNB Bank Pension Plan or the Employee Retirement Plan	$ 0

RETIREMENT AND POSTRETIREMENT_4

RETIREMENT AND POSTRETIREMENT PLANS - 401(K) Plan - (Details) - 401 K Plan - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Maximum contribution by employee, for the calendar year	$ 23,000
Percentage of match for first 1% of employee contributions	100%
Percentage of employee contribution on which 100% match by employer	1%
Percentage of match on next 1% of employee contributions	50%
Common stock within the accounts of participants	$ 4,400,000
Total expense recognized as a component of salaries and employee benefits expense	$ 872,000	$ 936,000
Maximum
Defined Benefit Plan Disclosure [Line Items]
Percentage of employee contribution on which 50% match by employer	6%
Maximum Percentage of participating employee contribution	3.50%

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details)	Mar. 31, 2024 shares
2021 Equity Incentive Plan
STOCK-BASED COMPENSATION
Shares reserved for issuance	491,238

STOCK-BASED COMPENSATION - Stoc

STOCK-BASED COMPENSATION - Stock Option Awards (Details) - Employee Stock Option [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Number of Options
Options outstanding, beginning of period (in shares)	26,995
Options outstanding, end of period (in shares)	26,995	26,995
Options vested and exercisable, end of period (in shares)	26,995
Weighted-Average Exercise Price
Options outstanding, beginning of period (in dollars per share)	$ 35.39
Options outstanding, end of period (in dollars per share)	35.39	$ 35.39
Options vested and exercisable. end of period (in dollars per share)	$ 35.39
Weighted-Average Remaining Contractual Years
Outstanding options, weighted average remaining contractual years	5 years	5 years 2 months 12 days
Options vested and exercisable, weighted average remaining contractual years	5 years
Aggregate Intrinsic Value
Options outstanding	$ 0	$ 0
Options vested and exercisable	$ 0

STOCK-BASED COMPENSATION - St_2

STOCK-BASED COMPENSATION - Stock Option Awards Exercise Price Range (Details) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
$34.87
STOCK-BASED COMPENSATION
Exercise Prices	$ 34.87
$35.35
STOCK-BASED COMPENSATION
Exercise Prices	35.35
$36.19
STOCK-BASED COMPENSATION
Exercise Prices	36.19
Employee Stock Option [Member]
STOCK-BASED COMPENSATION
Exercise Prices	$ 35.39	$ 35.39
Outstanding Options, Amount	26,995	26,995
Outstanding options, weighted average remaining contractual years	5 years	5 years 2 months 12 days
Vested Options, Amount	26,995
Vested Options, Weighted Average Contractual Years Remaining	5 years
Employee Stock Option [Member] \| $34.87
STOCK-BASED COMPENSATION
Outstanding Options, Amount	10,061
Outstanding options, weighted average remaining contractual years	5 years 10 months 24 days
Vested Options, Amount	10,061
Vested Options, Weighted Average Contractual Years Remaining	5 years 10 months 24 days
Employee Stock Option [Member] \| $35.35
STOCK-BASED COMPENSATION
Outstanding Options, Amount	9,802
Outstanding options, weighted average remaining contractual years	4 years 10 months 24 days
Vested Options, Amount	9,802
Vested Options, Weighted Average Contractual Years Remaining	4 years 10 months 24 days
Employee Stock Option [Member] \| $36.19
STOCK-BASED COMPENSATION
Outstanding Options, Amount	7,132
Outstanding options, weighted average remaining contractual years	3 years 10 months 24 days
Vested Options, Amount	7,132
Vested Options, Weighted Average Contractual Years Remaining	3 years 10 months 24 days

STOCK-BASED COMPENSATION - Rest

STOCK-BASED COMPENSATION - Restricted Stock Awards (Details) - Restricted Stock Awards - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Restricted Stock Awards [Abstract]
Unrecognized compensation cost	$ 7,600
Weighted average remaining years for which compensation expense is to be recognized	2 years
Number of Shares
Unvested allocated shares outstanding, beginning of period (in shares)	356,795
Shares granted (in shares)	147,886
Shares vested (in shares)	(143,260)
Shares forfeited (in shares)	(400)
Unvested allocated shares outstanding, end of period (in shares)	361,021
Weighted-Average Grant-Date Fair Value
Unvested allocated shares outstanding, beginning of period (in dollars per share)	$ 26.88
Shares granted (in dollars per share)	22.55
Shares vested (in dollars per share)	26.63
Shares forfeited (in dollars per share)	30.53
Unvested allocated shares outstanding, end of period (in dollars per share)	$ 25.20
Information Related to RSAs
Compensation (benefit) expense recognized	$ 1,373	$ 1,058
Income tax (expense) benefit recognized on vesting of RSAs	$ (240)	$ (13)

STOCK-BASED COMPENSATION - Perf

STOCK-BASED COMPENSATION - Performance Based Equity Awards (Details) - Performance Shares - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Performance Based Equity Awards
Percentage of threshold target for each award eligible to be earned based on relative performance	50%
Percentage of target for each award eligible to be earned based on relative performance	100%
Percentage of maximum target for each award eligible to be earned based on relative performance	150%
Award vesting period	3 years
Number of Shares
Expected aggregate share payout, Number of Shares	210,820
Weighted-Average Grant-Date Fair Value
Expected aggregate share payout, Weighted-Average Grant-Date Fair Value	$ 20.21
Information related to PSAs
Compensation (benefit) expense recognized	$ 357	$ 245
Income tax expense recognized on vesting of PSAs		$ (15)
Unrecognized compensation cost	$ 2,400
Weighted average remaining years for which compensation expense is to be recognized	2 years
Maximum
Number of Shares
Maximum aggregate share payout beginning balance, Number of Shares	229,910
Maximum aggregate share payout ending balance, Number of Shares	229,910
Weighted-Average Grant-Date Fair Value
Maximum aggregate share payout beginning balance, Weighted-Average Grant-Date Fair Value	$ 20.97
Maximum aggregate share payout ending balance, Weighted-Average Grant-Date Fair Value	$ 20.97

INCOME TAXES (Details)

INCOME TAXES (Details) - item	3 Months Ended
INCOME TAXES (Details) - item	Mar. 31, 2024	Mar. 31, 2023
INCOME TAXES
Effective tax rate	27.10%	26.80%
Number of significant and unusual income tax items in the period	0	0

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 17,691	$ 37,303

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024
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