Dime Community Bancshares (DCOM) 10-K20 Feb 252024 FY Annual reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
Document and Entity Information - USD ($) $ in Millions	Dec. 31, 2024	Feb. 13, 2025	Jun. 30, 2024
Entity Listings [Line Items]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2024
Securities Act 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, Suite 560
Entity Address, City or Town	Hauppauge
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11788
City Area Code	631
Local Phone Number	537-1000
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 723.2
Entity Common Stock, Shares Outstanding		43,638,375
Auditor Name	Crowe LLP
Auditor Firm ID	173
Auditor Location	Livingston, New Jersey
Entity Central Index Key	0000846617
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false
Common Stock [Member]
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	DCOM
Security Exchange Name	NASDAQ
Preferred Stock, Series A
Entity Listings [Line Items]
Title of 12(b) Security	Preferred Stock, Series A, par value $0.01 per share
Trading Symbol	DCOMP
Security Exchange Name	NASDAQ
9.000% Subordinated Notes
Entity Listings [Line Items]
Title of 12(b) Security	9.000% Subordinated Notes, par value $25.00
Trading Symbol	DCOMG
Security Exchange Name	NASDAQ

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Assets:
Cash and due from banks	$ 1,283,571	$ 457,547
Securities available-for-sale, at fair value	690,693	886,240
Securities held-to-maturity	637,339	594,639
Loans held for sale	22,625	10,159
Loans held for investment, net of fees and costs	10,871,943	10,773,428
Allowance for credit losses	(88,751)	(71,743)
Total loans held for investment, net	10,783,192	10,701,685
Premises and fixed assets, net	34,858	44,868
Premises held for sale		905
Restricted stock	69,106	98,750
BOLI	290,665	349,816
Goodwill	155,797	155,797
Other intangible assets	3,896	5,059
Operating lease assets	46,193	52,729
Derivative assets	116,496	122,132
Accrued interest receivable	55,970	55,666
Other assets	162,857	100,013
Total assets	14,353,258	13,636,005
Liabilities:
Interest-bearing deposits	8,275,591	7,585,020
Non-interest-bearing deposits	3,355,829	2,884,378
Deposits (excluding mortgage escrow deposits)	11,631,420	10,469,398
Non-interest-bearing mortgage escrow deposits	54,715	61,121
Interest-bearing mortgage escrow deposits	6	136
Total mortgage escrow deposits	54,721	61,257
FHLBNY advances	608,000	1,313,000
Other short-term borrowings	50,000
Subordinated debt, net	272,325	200,196
Derivative cash collateral	112,420	108,100
Operating lease liabilities	48,993	55,454
Derivative liabilities	108,347	121,265
Other liabilities	70,515	81,110
Total liabilities	12,956,741	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 December 31, 2024 and December 31, 2023)	116,569	116,569
Common stock ($0.01 par, 80,000,000 shares authorized, 46,141,361 shares and 41,637,256 shares issued at December 31, 2024 and December 31, 2023 respectively, and 43,622,292 shares and 38,822,654 shares outstanding at December 31, 2024 and December 31, 2023, respectively)	461	416
Additional paid-in capital	624,822	494,454
Retained earnings	794,526	813,007
Accumulated other comprehensive loss, net of deferred taxes	(45,018)	(91,579)
Unearned equity awards	(7,640)	(8,622)
Treasury stock, at cost (2,519,069 shares and 2,814,602 shares at December 31, 2024 and December 31, 2023, respectively)	(87,203)	(98,020)
Total stockholders' equity	1,396,517	1,226,225
Total liabilities and stockholders' equity	$ 14,353,258	$ 13,636,005

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - $ / shares	Dec. 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)	46,141,361	41,637,256
Common stock, shares outstanding (in shares)	43,622,292	38,822,654
Treasury stock (in shares)	2,519,069	2,814,602

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Interest income:
Loans	$ 590,492	$ 554,488	$ 406,601
Securities	33,563	32,179	29,224
Other short-term investments	26,094	22,693	3,400
Total interest income	650,149	609,360	439,225
Interest expense:
Deposits and escrow	284,745	219,045	38,433
Borrowed funds	41,036	66,472	19,117
Derivative cash collateral	6,314	7,272	1,812
Total interest expense	332,095	292,789	59,362
Net interest income	318,054	316,571	379,863
Provision for credit losses	36,113	2,770	5,374
Net interest income after provision for credit losses	281,941	313,801	374,489
Non-interest income:
Service charges and other fees	16,725	16,437	16,206
Title fees	843	1,295	2,031
Loan level derivative income	2,114	7,081	3,637
BOLI income	10,376	9,748	10,346
Gain on sale of SBA Loans	407	1,592	1,797
Gain on sale of residential loans	225	115	448
Fair value change in equity securities and loans held for sale	(1,204)	(758)
Net loss on sale of securities	(42,810)	(1,447)
Gain (loss) on sale of other assets	7,219	(22)	1,397
Other	2,150	2,165	2,294
Total non-interest (loss) income	(3,955)	36,206	38,156
Non-interest expense:
Salaries and employee benefits	136,114	117,437	120,108
Severance	1,296	9,093	2,198
Occupancy and equipment	29,794	29,055	30,220
Data processing costs	17,745	16,474	15,175
Marketing	6,660	6,781	5,900
Professional services	8,614	6,155	8,069
Federal deposit insurance premiums	8,710	8,853	3,900
Loss from extinguishment of debt for FHLBNY advances and subordinated debt	454		740
Loss due to pension settlement	1,215
Amortization of other intangible assets	1,163	1,425	1,878
Other	14,782	17,855	12,542
Total non-interest expense	226,547	213,128	200,730
Income before income taxes	51,439	136,879	211,915
Income tax expense	22,355	40,785	59,359
Net income	29,084	96,094	152,556
Preferred stock dividends	7,286	7,286	7,286
Net income available to common stockholders	$ 21,798	$ 88,808	$ 145,270
Earnings per common share:
Basic (in dollars per share)	$ 0.55	$ 2.29	$ 3.73
Diluted (in dollars per share)	$ 0.55	$ 2.29	$ 3.73

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 29,084	$ 96,094	$ 152,556
Other comprehensive income (loss):
Change in net unrealized gain (loss) during the period	23,218	10,355	(138,630)
Reclassification adjustment for net losses included in net loss on sale of securities and other assets	42,810	1,447
Accretion of net unrealized loss on securities transferred to held-to-maturity	3,028	3,142	2,953
Change in pension and other postretirement obligations:
Reclassification adjustment for expense included in other expense	26	(1,547)	(3,715)
Change in the net actuarial gain	(1,426)	(190)	(2,062)
Change in unrealized gain (loss) on derivatives:
Change in net unrealized (loss) gain during the period	(8,453)	(11,782)	14,412
Reclassification adjustment for expense included in interest expense	10,008	2,092	(1,621)
Other comprehensive income (loss) before income taxes	69,211	3,517	(128,663)
Deferred tax expense (benefit)	22,650	717	(40,465)
Total other comprehensive income (loss), net of tax	46,561	2,800	(88,198)
Total comprehensive income	$ 75,645	$ 98,894	$ 64,358

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Preferred Stock	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss, Net of Deferred Taxes	Unearned Equity Awards	Treasury Stock, Common [Member]	Total
Balance at Dec. 31, 2021	$ 116,569	$ 416	$ 494,125	$ 654,726	$ (6,181)	$ (7,842)	$ (59,193)	$ 1,192,620
Balance (in shares) at Dec. 31, 2021		39,877,833
Increase (Decrease) in Stockholders' Equity
Net income				152,556				152,556
Other comprehensive income, net of tax					(88,198)			(88,198)
Release of shares, net of forfeitures			1,287			(4,514)	4,394	1,167
Release of shares, net of forfeitures (in shares)		171,838
Stock-based compensation						4,278		4,278
Shares received related to tax withholding			(2)				(1,556)	(1,558)
Shares received related to tax withholding (in shares)		(45,430)
Cash dividends declared to preferred stockholders				(7,286)				(7,286)
Cash dividends declared to common stockholders				(37,234)				(37,234)
Purchase of treasury stock							(46,762)	(46,762)
Purchase of treasury stock (in shares)		(1,431,241)
Balance at Dec. 31, 2022	116,569	$ 416	495,410	762,762	(94,379)	(8,078)	(103,117)	1,169,583
Balance (in shares) at Dec. 31, 2022		38,573,000
Increase (Decrease) in Stockholders' Equity
Net income				96,094				96,094
Other comprehensive income, net of tax					2,800			2,800
Release of shares, net of forfeitures			(955)			(5,182)	7,301	1,164
Release of shares, net of forfeitures (in shares)		331,395
Stock-based compensation						4,638		4,638
Shares received related to tax withholding			(1)				(1,257)	(1,258)
Shares received related to tax withholding (in shares)		(44,928)
Cash dividends declared to preferred stockholders				(7,286)				(7,286)
Cash dividends declared to common stockholders				(38,563)				(38,563)
Purchase of treasury stock							(947)	(947)
Purchase of treasury stock (in shares)		(36,813)
Balance at Dec. 31, 2023	116,569	$ 416	494,454	813,007	(91,579)	(8,622)	(98,020)	$ 1,226,225
Balance (in shares) at Dec. 31, 2023		38,822,654						38,822,654
Increase (Decrease) in Stockholders' Equity
Net income				29,084				$ 29,084
Other comprehensive income, net of tax					46,561			46,561
Shares issued in common stock offering, net of offering Costs		$ 45	135,719					135,764
Shares issued in common stock offering, net of offering Costs (in shares)		4,492,187
Release of shares, net of forfeitures			(5,350)			(5,708)	12,163	1,105
Release of shares, net of forfeitures (in shares)		369,563
Stock-based compensation						6,690		6,690
Shares received related to tax withholding			(1)				(1,346)	(1,347)
Shares received related to tax withholding (in shares)		(62,112)
Cash dividends declared to preferred stockholders				(7,286)				(7,286)
Cash dividends declared to common stockholders				(40,279)				(40,279)
Balance at Dec. 31, 2024	$ 116,569	$ 461	$ 624,822	$ 794,526	$ (45,018)	$ (7,640)	$ (87,203)	$ 1,396,517
Balance (in shares) at Dec. 31, 2024		43,622,292						43,622,292

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 29,084	$ 96,094	$ 152,556
Adjustments to reconcile net income to net cash provided by operating activities:
Net loss on sale of securities available-for-sale	42,810	1,447
(Gain) loss on sale of other assets	(7,219)	22	(1,397)
Fair value change in equity securities and loans held for sale	1,204	758
Gain on sale of loans held for sale	(632)	(1,707)	(2,245)
Net depreciation, amortization and accretion	5,694	6,025	8,314
Amortization of fair value hedge basis point adjustments	1,607	561
Amortization of other intangible assets	1,163	1,425	1,878
Loss on extinguishment of debt	454		740
Stock-based compensation	6,690	4,638	4,278
Provision for credit losses	36,113	2,770	5,374
Originations of loans held for sale	(12,531)	(8,219)	(20,709)
Proceeds from sale of loans originated for sale	18,786	32,433	46,474
Increase in cash surrender value of BOLI	(10,376)	(9,103)	(8,190)
Gain from death benefits from BOLI		(645)	(2,156)
Decrease (increase) in other assets	9,224	10,332	(35,170)
(Decrease) increase in other liabilities	(23,015)	(45,957)	145,425
Net cash provided by operating activities	99,056	90,874	295,172
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales of securities available-for-sale	379,053	77,804
Purchases of securities available-for-sale	(335,167)	(86,084)	(39,232)
Purchases of securities held-to-maturity	(67,560)	(28,328)	(63,210)
Proceeds from calls and principal repayments of securities available-for-sale	172,767	76,858	165,097
Proceeds from calls and principal repayments of securities held-to-maturity	28,285	22,986	31,736
Purchase of BOLI	(15,000)	(8,000)	(30,000)
Proceeds received from cash surrender value of BOLI		1,224	2,843
Loans purchased	(6,594)
Proceeds from the sale of portfolio loans transferred to held for sale	18,310	5,000	13,201
Increase in loans	(152,623)	(259,805)	(1,359,782)
Purchases of fixed assets, net	(6,258)	(5,721)	(3,745)
Proceeds from the sale of fixed assets and premises held for sale	19,268	25	1,914
Sales (purchases) of restricted stock, net	29,644	(10,005)	(51,013)
Net cash provided by (used in) investing activities	64,125	(214,046)	(1,332,191)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase (decrease) in deposits	1,155,559	276,411	(204,233)
(Repayments) proceeds from FHLBNY advances, short-term, net	(615,000)	20,000	1,070,000
(Repayments) proceeds of FHLBNY advances, long-term	(150,000)	162,000
Proceeds (repayments) from FHLBNY advances, long-term	60,000	(1,360)	36,000
Proceeds (repayments) of other short-term borrowings, net	50,000		(502)
Proceeds from subordinated debentures issuance, net	72,084		157,559
Redemption of subordinated debentures			(155,000)
Proceeds from common stock issuance, net	135,764
Release of stock for benefit plan awards	1,105	1,164	1,167
Payments related to tax withholding for equity awards	(1,347)	(1,258)	(1,558)
Purchase of treasury stock		(947)	(46,762)
Cash dividends paid to preferred stockholders	(7,286)	(7,286)	(7,286)
Cash dividends paid to common stockholders	(38,036)	(37,302)	(36,791)
Net cash provided by financing activities	662,843	411,422	812,594
Increase in cash and cash equivalents	826,024	288,250	(224,425)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	457,547	169,297	393,722
CASH AND CASH EQUIVALENTS, END OF PERIOD	1,283,571	457,547	169,297
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for income taxes	28,828	37,910	43,518
Cash paid for interest	343,249	280,815	54,910
Securities available-for-sale transferred to securities held-to-maturity			372,154
Loans transferred to loans held for sale	37,334	37,346	34,997
Loans transferred to held for investment	2,912		4,051
Premises transferred to held for sale	9,227	905
Operating lease assets in exchange for operating lease liabilities	5,855	$ 6,333	$ 5,098
Surrender of BOLI assets	$ 84,527

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Dec. 31, 2024
SUMMARY OF ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations and Principles of Consolidation The audited consolidated financial statements presented in this Annual Report on Form 10-K 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.” As of December 31, 2024, we operated 62 branch locations throughout Long Island and the New York City boroughs of Brooklyn, Queens, Manhattan, Staten Island and the Bronx, and Westchester County. The Company is a bank holding company engaged in commercial banking and financial services through its wholly-owned subsidiary, Dime Community 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 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. The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and general practices within the financial institution industry. The accompanying consolidated financial statements include the accounts of the Holding Company and the Bank and its subsidiaries. Inter-company accounts and transactions have been eliminated in consolidation. The following is a description of the significant accounting policies that the Company follows in preparing its consolidated financial statements. Use of Estimates To prepare consolidated financial statements in conformity with GAAP, management makes judgments, estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and actual results could differ. Summary of Significant Accounting Policies Cash and Cash Equivalents - Securities Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. The Company has made a policy election to exclude accrued interest from the amortized cost basis of debt securities and report accrued interest separately in accrued interest receivable in the consolidated statements of financial condition. A debt security is placed on non-accrual status at the time any principal or interest payments become more than 90 days delinquent or if full collection of interest or principal becomes uncertain. Accrued interest for a security placed on non-accrual is reversed against interest income. There were no non-accrual debt securities at December 31, 2024 and 2023, and there was no accrued interest related to debt securities reversed against interest income for the year ended December 31, 2024 and 2023. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Restricted Stock Loans Held for Sale - Loans Unless otherwise noted, the above policy is applied consistently to all loan segments. Allowance for Credit Losses Allowance for credit losses on held-to-maturity securities For a debt security in the held-to-maturity portfolio that does not share common risk characteristics with any of the pools of debt securities, expected credit loss on each security is individually measured based on net realizable value, or the difference between the discounted value of the expected future cash flows, based on the original effective interest rate, and the recorded amortized cost basis of the security. With respect to certain classes of debt securities, primarily U.S. Treasuries and securities issued by Government Sponsored Entities or agencies, 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. Therefore, for those securities, the Company does not record expected credit losses. Allowance for credit losses on available-for-sale securities Allowance for credit losses on loans held for investment - The Company evaluates its loan pooling methodology at least annually. The Company has identified the following loan pools used to measure the allowance for credit losses as follows: Business loans - One-to-four family residential, including condominium and cooperative apartment loans - Multifamily residential and residential mixed-use loans - Non-owner-occupied commercial real estate loans - Acquisition, development, and construction loans Other loans Loan restructurings Management estimates the allowance for credit losses on each loan pool using relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historically observed credit loss experience of peer banks within our geography provide the basis for the estimation of expected credit losses on similar loan pools. Within the model, assumptions are made in the determination of probability of default, loss given default, reasonable and supportable economic forecasts, prepayment rate, curtailment rate, and recovery lag periods. Statistical regression is utilized to relate historical macro-economic variables to historical credit loss experience of the peer group. These models are then utilized to forecast future expected loan losses based on expected future behavior of the same macro-economic variables. The Company considers qualitative adjustments to expected credit loss estimates for information not already captured in the loss estimation process. These factors include: (1) lending policies and procedures and the experience, ability, and depth of the lending management and other relevant staff; (2) international, national, regional and local economic business conditions and developments that affect the collectability of the portfolio, including the condition of various markets; (3) the nature and volume of the loan portfolio; (4) the volume and severity of past due loans; (5) the quality of our loan review system; (6) the value of underlying collateral for collateralized loans; (7) the existence and effect of any concentrations of credit, and changes in the level of such concentrations; and (8) the effect of external factors such as competition and legal and regulatory requirements on the level of estimated credit losses in the existing portfolio. Individually evaluated loans - The fair value of real estate collateral is determined based on recent appraised values. Appraisals are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Appraisals undergo a second review process to ensure that the methodology employed, and the values derived are reasonable. Generally, collateral values for real estate loans for which measurement of expected losses is dependent on collateral values are updated every twelve months. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation and management’s expertise and knowledge of the borrower and its business. Once the expected credit loss amount is determined, an allowance is provided for equal to the calculated expected credit loss and included in the allowance for credit losses. Pursuant to the Company’s policy, credit losses must be charged-off in the period the loans, or portions thereof, are deemed uncollectable. Allowance for credit losses on off-balance sheet credit exposures For further discussion of our loan accounting, see Note 4 - Loans. Derivatives the hedged transaction affects earnings. Changes in fair value of the fair value derivative and the hedged item related to the hedged risk are recognized in earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in earnings as non-interest income. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in non-interest income. Cash flows on hedges are classified in the cash flow statement same as the cash flows of the items being hedged. The Company formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking cash flow hedges to specific liabilities on the consolidated statements of financial condition. The Company also formally assesses, both at the hedge’s inception and on an on-going basis, whether the derivative instruments that are used are highly effective in offsetting changes in cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in cash flows of the hedged item, or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as non-interest income. When a cash flow hedge is discontinued but the hedged cash flows are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transaction will affect earnings. The Company is exposed to losses if a counterparty fails to make its payments under a contract in which the Company is in the net receiving position. The Company anticipates that the counterparties will be able to fully satisfy their obligations under the agreements. All the contracts to which the Company is a party settle monthly. In addition, the Company obtains collateral above certain thresholds of the fair value of its hedges from each counterparty based upon their credit standing and the Company has netting agreements with the dealers with which it does business. Other Real Estate Owned (“OREO”) Premises and Fixed Assets, Net forty three Leases – The Company made a policy election to exclude the recognition requirements of ASC 2016-02 on short-term leases with original terms of 12 months or less. Short-term lease payments are recognized in the Company’s consolidated statements of operations on a straight-line basis over the lease term. Certain leases may include one or more options to renew. The exercise of lease renewal options is typically at the Company’s discretion, and are included in the operating lease liability if it is reasonably certain that the renewal option will be exercised. Certain real estate leases may contain lease and non-lease components, such as common area maintenance charges, real estate taxes, and insurance, which are generally accounted for separately and are not included in the measurement of the lease liability since they are generally able to be segregated. Lease expenses are included in occupancy and equipment on the Company’s consolidated statements of operations. The Company does not sublease any of its leased properties and does not lease properties from any related parties. Disclosures about the Company’s leasing activities are presented in Note 7. Goodwill and Other Intangible Assets Other intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Core deposit intangible assets are amortized on an accelerated method over their estimated useful lives of ten years. Servicing Right Assets (“SRAs”) - i.e., Transfers of Financial Assets - Bank Owned Life Insurance (“BOLI”) Income Taxes - A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not satisfying the "more likely than not" test, no tax benefit is recorded. The Company recognizes interest and/or penalties related to tax matters in income tax expense. The Company had no unrecognized tax positions at December 31, 2024 or 2023. Employee Benefits - benefit cost for the next fiscal year that arise from delayed recognition of the gains or losses, prior service costs or credits, and transition asset or obligation. The Company provides a 401(k) plan, which covers substantially all current employees. Newly hired employees are automatically enrolled in the plan on the 60 th The Holding Company and Bank maintain the Dime Community Bancshares, Inc. 2021 Equity Incentive Plan (the “2021 Equity Incentive Plan”), the Dime Community Bancshares, Inc. 2019 Equity Incentive Plan, (the “2019 Equity Incentive Plan”), and the 2012 Stock-Based Compensation Plan (the “2012 Equity Incentive Plan”), (collectively the “Stock Plans”); which are discussed more fully in Note 17 Stock-Based Compensation. Under the Stock Plans, compensation cost is recognized for stock options and restricted stock awards issued to employees based on the fair value of the awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Holding Company’s common stock (“Common Stock”) at the date of grant is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. Basic and Diluted EPS - Comprehensive Income Disclosures about Segments of an Enterprise and Related Information For the years ended December 31, 2024, 2023 and 2022, there was no customer that accounted for more than 10% of the Company's consolidated revenue. Reclassifications Adoption of New Accounting Standards Standards Adopted in 2024 ASU 2023-07, Segment Reporting - Improvements to Reportable Segment Disclosures (Topic 280) The Financial Accounting Standards Board issued Accounting Standards Update 2023-07 to improve reportable segment disclosures by requiring public business entities to disclose significant expense categories and amounts for each reportable segment, where significant expense categories are defined as those that are regularly reported to an entity’s chief operating decision-maker and included in a segment’s reported measures of profit or loss. ASU 2023-07 became effective for the Company on January 1, 2024. The adoption of ASU 2023-07 did not have a material effect on the Company’s consolidated financial statements. Standards That Have Not Yet Been Adopted ASU No. 2023-09—Income Taxes (Topic 740)—Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU No. 2023-09—Income Taxes (Topic 740)—Improvements to Income Tax Disclosures, intended to enhance the transparency of income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. Specifically, the amendments in this ASU require disclosure of: (i) a tabular reconciliation, using both percentages and reporting currency amounts, with prescribed categories that are required to be disclosed, and the separate disclosure and disaggregation of prescribed reconciling items with an effect equal to 5% or more of the amount determined by multiplying pretax income from continuing operations by the applicable statutory rate; (ii) a qualitative description of the states and local jurisdictions that make up the majority (greater than 50%) of the effect of the state and local income taxes; and (iii) amount of income taxes paid, net of refunds received, disaggregated by federal, state, and foreign taxes and by individual jurisdictions that comprise 5% or more of total income taxes paid, net of refunds received. The ASU also includes other amendments to improve the effectiveness of income tax disclosures. The update is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The transition method is prospective with retrospective method permitted. The adoption of ASU 2023-09 will not have a material impact on the Company's income tax disclosures.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	12 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	Dec. 31, 2024
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	2. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Activity in accumulated other comprehensive income (loss), net of tax, was as follows: Total Accumulated Securities Defined Other Available- Benefit Comprehensive (In thousands) for-Sale Plans Derivatives Loss Balance as of January 1, 2023 $ (100,870) $ (5,266) $ 11,757 $ (94,379) Other comprehensive income (loss) before reclassifications 7,498 (109) (8,091) (702) Amounts reclassified from accumulated other comprehensive income (loss) 3,130 (1,055) 1,427 3,502 Net other comprehensive income (loss) during the period 10,628 (1,164) (6,664) 2,800 Balance as of December 31, 2023 $ (90,242) $ (6,430) $ 5,093 $ (91,579) Other comprehensive income (loss) before reclassifications 14,703 (1,087) (5,782) 7,834 Amounts reclassified from accumulated other comprehensive income 31,772 18 6,937 38,727 Net other comprehensive income (loss) during the period 46,475 (1,069) 1,155 46,561 Balance as of December 31, 2024 $ (43,767) $ (7,499) $ 6,248 $ (45,018) 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. Year Ended December 31, (In thousands) 2024 2023 2022 Change in unrealized gain (loss) on securities: Change in net unrealized gain (loss) during the period $ 23,218 $ 10,355 $ (138,630) Reclassification adjustment for net losses included in net loss on sale of securities and other assets 42,810 1,447 — Accretion of net unrealized loss on securities transferred to held-to-maturity 3,028 3,142 2,953 Net change 69,056 14,944 (135,677) Tax expense (benefit) 22,581 4,316 (42,671) Net change in unrealized gain (loss) on securities, net of reclassification adjustments and tax 46,475 10,628 (93,006) Change in pension and other postretirement obligations: Reclassification adjustment for expense included in other expense 26 (1,547) (3,715) Change in the net actuarial gain (1,426) (190) (2,062) Net change (1,400) (1,737) (5,777) Tax benefit (331) (573) (1,817) Net change in pension and other postretirement obligations (1,069) (1,164) (3,960) Change in unrealized gain (loss) on derivatives: Change in net unrealized (loss) gain during the period (8,453) (11,782) 14,412 Reclassification adjustment for expense included in interest expense 10,008 2,092 (1,621) Net change 1,555 (9,690) 12,791 Tax expense (benefit) 400 (3,026) 4,023 Net change in unrealized gain (loss) on derivatives, net of reclassification adjustments and tax 1,155 (6,664) 8,768 Other comprehensive income (loss), net of tax $ 46,561 $ 2,800 $ (88,198)

SECURITIES

SECURITIES	12 Months Ended
SECURITIES	Dec. 31, 2024
SECURITIES
SECURITIES	3. SECURITIES The following tables summarize the major categories of securities as of the dates indicated: December 31, 2024 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value Securities available-for-sale: Agency notes $ 10,000 — (393) $ 9,607 Treasury securities — — — — Corporate securities 173,972 755 (10,778) 163,949 Pass-through mortgage-backed securities ("MBS") issued by government sponsored entities ("GSEs") 303,303 30 (3,112) 300,221 Agency CMOs 220,314 16 (28,442) 191,888 State and municipal obligations 26,545 — (1,517) 25,028 Total securities available-for-sale $ 734,134 $ 801 $ (44,242) $ 690,693 December 31, 2024 Gross Gross Amortized Unrecognized Unrecognized Fair (In thousands) Cost Gains Losses Value Securities held-to-maturity: Agency notes $ 89,977 $ — $ (10,961) $ 79,016 Corporate securities 13,000 140 (855) 12,285 Pass-through MBS issued by GSEs 298,697 — (43,716) 254,981 Agency CMOs 235,665 29 (29,699) 205,995 Total securities held-to-maturity $ 637,339 $ 169 $ (85,231) $ 552,277 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 of securities from available-for-sale to securities held-to-maturity during the years ended December 31, 2024 or 2023. There were no transfers of securities from held-to-maturity to available-for-sale during the years ended December 31, 2024 or 2023. The Company reassessed classification of certain investments and transferred securities from available-for-sale to securities held-to-maturity during the year ended December 31, 2022. The carrying amount of securities pledged at December 31, 2024 and 2023 was $622.7 million and $457.7 million, respectively. The pledged securities are mainly used as collateral for a portion of the Company’s municipal deposit portfolio. At December 31, 2024 and 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 following table presents the amortized cost and fair value of securities 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. December 31, 2024 Amortized Fair (In thousands) Cost Value Available-for-sale Within one year $ 6,717 $ 6,597 One to five years 54,401 50,984 Five to ten years 149,399 141,003 Beyond ten years — — Pass-through MBS issued by GSEs and agency CMOs 523,617 492,109 Total $ 734,134 $ 690,693 Held-to-maturity Within one year $ — $ — One to five years 19,829 18,598 Five to ten years 83,148 72,703 Beyond ten years — — Pass-through MBS issued by GSEs and agency CMOs 534,362 460,976 Total $ 637,339 $ 552,277 The following table presents the information related to sales of securities available-for-sale for the periods indicated: Year Ended December 31, (In thousands) 2024 2023 2022 Securities available-for-sale Proceeds $ 379,053 $ 77,804 $ — Gross gains — 130 — Tax expense on gains — 39 — Gross losses 42,810 1,577 — Tax benefit on losses 13,139 467 — Equity securities included in other assets in the consolidated statements of financial condition had a fair value of $2.5 million and $2.2 million as of December 31, 2024 and 2023, respectively. For the years ended December 31, 2024 and 2023, the Company recognized a net gain of $281 thousand and a net loss of $758 thousand, respectively. There were no sales of securities held-to-maturity during the years ended December 31, 2024, 2023, or 2022. The following tables summarize the gross unrealized losses and fair value of securities aggregated by investment category and the length of time the securities were in a continuous unrealized loss position for the periods indicated: December 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 $ — $ — $ 9,607 $ 393 $ 9,607 $ 393 Corporate securities 2,925 16 141,124 10,762 144,049 10,778 Pass-through MBS issued by GSEs 289,095 2,170 6,119 942 295,214 3,112 Agency CMOs 32,101 357 154,770 28,085 186,871 28,442 State and municipal obligations 3,469 31 21,559 1,486 25,028 1,517 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 December 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 totaled $5.7 million and $5.3 million at December 31, 2024 and 2023 respectively, and was 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 amortized 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 December 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. None of the unrealized losses are related to credit losses. The majority 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	12 Months Ended
LOANS HELD FOR INVESTMENT, NET	Dec. 31, 2024
LOANS HELD FOR INVESTMENT, NET
LOANS HELD FOR INVESTMENT, NET	4. LOANS HELD FOR INVESTMENT, NET The following table presents the loan categories for the period ended as indicated: (In thousands) December 31, 2024 December 31, 2023 Business loans (1) $ 2,725,726 $ 2,308,171 One-to-four family residential and cooperative/condominium apartment 951,528 887,555 Multifamily residential and residential mixed-use 3,820,283 4,017,176 Non-owner-occupied commercial real estate 3,230,535 3,379,667 Acquisition, development, and construction ("ADC") 136,172 168,513 Other loans 5,084 5,755 Total 10,869,328 10,766,837 Fair value hedge basis point adjustments (2) 2,615 6,591 Total loans, net of fair value hedge basis point adjustments 10,871,943 10,773,428 Allowance for credit losses (88,751) (71,743) Loans held for investment, net $ 10,783,192 $ 10,701,685 (1) Business loans include C&I loans, owner-occupied commercial real estate loans and PPP loans. (2) The 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: One-to-Four Family Multifamily Residential and Residential Non-Owner Cooperative/ and Occupied Business Condominium Residential Commercial Other (In thousands) Loans Apartment Mixed-Use Real Estate ADC Loans Total Beginning balance as of January 1, 2022 62,366 5,932 7,816 2,131 4,857 751 83,853 (Credit) provision for credit losses (8,073) 37 542 17,968 (3,134) (430) 6,910 Charge-offs (11,401) — — — — (53) (11,454) Recoveries 4,137 — 2 54 — 5 4,198 Ending balance as of December 31, 2022 $ 47,029 $ 5,969 $ 8,360 $ 20,153 $ 1,723 $ 273 $ 83,507 Provision (credit) for credit losses 3,273 858 (1,121) (530) 266 129 2,875 Charge-offs (15,364) (14) (2) — — (300) (15,680) Recoveries 1,024 — — — — 17 1,041 Ending balance as of December 31, 2023 $ 35,962 $ 6,813 $ 7,237 $ 19,623 $ 1,989 $ 119 $ 71,743 Provision for credit losses 14,435 2,688 9,385 9,176 334 179 36,197 Charge-offs (8,051) — (4,677) (6,926) — (110) (19,764) Recoveries 552 — 1 3 — 19 575 Ending balance as of December 31, 2024 $ 42,898 $ 9,501 $ 11,946 $ 21,876 $ 2,323 $ 207 $ 88,751 The following tables present the amortized cost basis of loans on non-accrual status as of the periods indicated: December 31, 2024 Non-accrual with Non-accrual with Related (In thousands) No Allowance Allowance Allowance Business loans $ 5,196 $ 17,428 $ 15,810 One-to-four family residential and cooperative/condominium apartment — 3,213 31 Non-owner-occupied commercial real estate 16,456 6,504 432 ADC — 657 287 Other loans — 25 25 Total $ 21,652 $ 27,827 $ 16,585 December 31, 2023 Non-accrual with Non-accrual with Related (In thousands) No Allowance Allowance Allowance Business loans $ 3,780 $ 14,794 $ 13,228 One-to-four family residential and cooperative/condominium apartment — 3,248 133 Non-owner-occupied commercial real estate — 6,620 636 ADC — 657 205 Total $ 3,780 $ 25,319 $ 14,202 The Company did not recognize interest income on non-accrual loans held for investment during the years ended December 31, 2024 or 2023. The following tables summarize the past due status of the Company’s investment in loans as of the dates indicated: December 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 $ 3,385 $ 2,441 $ — $ 22,624 $ 28,450 $ 2,697,276 $ 2,725,726 One-to-four family residential, including condominium and cooperative apartment 1,919 1,271 — 3,213 6,403 945,125 951,528 Multifamily residential and residential mixed-use 3,759 27,601 — — 31,360 3,788,923 3,820,283 Non-owner-occupied commercial real estate 1,265 — — 22,960 24,225 3,206,310 3,230,535 ADC — — — 657 657 135,515 136,172 Other loans 2 — — 25 27 5,057 5,084 Total $ 10,330 $ 31,313 $ — $ 49,479 $ 91,122 $ 10,778,206 $ 10,869,328 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 at December 31, 2024 and 2023. Collateral Dependent Loans: The Company had collateral dependent loans which were individually evaluated to determine expected credit losses as of the dates indicated: December 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 $ 9,290 $ 1,408 $ 3,742 $ — Non-owner-occupied commercial real estate 22,944 416 6,605 621 ADC 657 287 657 305 Total $ 32,891 $ 2,111 $ 11,004 $ 926 Related Party Loans Certain directors, executive officers, and their related parties, including their immediate families and companies in which they are principal owners, were loan customers of the Bank during 2024. The following table sets forth selected information about related party loans: Year Ended December 31, (In thousands) 2024 2023 Beginning balance $ 4,922 $ 4,956 New loans 8 531 Effect of changes in composition of related parties (1,146) — Repayments (39) (565) Balance at end of period $ 3,745 $ 4,922 Loan Restructurings The Company applies the loan refinancing and restructuring guidance to determine whether a modification or other forms of restructuring result 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 December 31, 2024 and 2023 of the loans modified to borrowers experiencing financial difficulty, disaggregated by loan category and type of concession granted: For the Year Ended December 31, 2024 Significant Payment Significant Delay, Term Payment Term Term Extension Delay Extension Extension % of and and and and Total Significant Significant Interest Interest Interest Class of Term Payment Payment Rate Rate Rate Financing (Dollars in thousands) Extension Delay Delay Reduction Reduction Reduction Total Receivable Business loans $ 19,668 $ 182 $ 187 $ 27 $ — $ — $ 20,064 0.7 % One-to-four family residential, including condominium and cooperative apartment — — — — 896 — 896 0.1 Multifamily residential and residential mixed-use — 34,087 — — — — 34,087 0.9 Non-owner-occupied commercial real estate — 31,102 — — — — 31,102 1.0 Total $ 19,668 $ 65,371 $ 187 $ 27 $ 896 $ — $ 86,149 0.8 % For the Year Ended December 31, 2023 Significant Payment Significant Delay, Term Payment Term Term Extension Delay Extension Extension % of and and and and Total Significant Significant Interest Interest Interest Class of Term Payment Payment Rate Rate Rate Financing (Dollars in thousands) Extension Delay Delay Reduction Reduction Reduction Total Receivable Business loans $ 1,789 $ 12,020 $ 520 $ 298 $ — $ — $ 14,627 0.6 % One-to-four family residential, including condominium and cooperative apartment — 2,856 92 — — — 2,948 0.3 Non-owner-occupied commercial real estate — 24,706 — — — — 24,706 0.7 Total $ 1,789 $ 39,582 $ 612 $ 298 $ — $ — $ 42,281 0.4 % The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulty as of the dates indicated: For the Year Ended December 31, 2024 Weighted Average Weighted Average Interest Rate Months of Weighted Average (Dollars in thousands) Reductions Term Extensions Payment Delay Business loans 5.00 % 8 $ 59 One-to-four family residential, including condominium and cooperative apartment 1.00 231 — Multifamily residential and residential mixed-use — — 256 Non-owner-occupied commercial real estate — — 560 For the Year Ended December 31, 2023 Weighted Average Weighted Average Interest Rate Months of Weighted Average (Dollars in thousands) Reductions Term Extensions Payment Delay Business loans 4.27 % 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 describe the performance of loans that have been modified during the years ended December 31, 2024 and 2023. December 31, 2024 30-59 60-89 90+ (In thousands) Current Days Past Due Days Past Due Days Past Due Non-Accrual Total Business loans $ 19,668 $ 129 $ — $ — $ 267 $ 20,064 One-to-four family residential, including condominium and cooperative apartment — — — — 896 896 Multifamily residential and residential mixed-use 6,486 — 27,601 — — 34,087 Non-owner-occupied commercial real estate 31,102 — — — — 31,102 Total $ 57,256 $ 129 $ 27,601 $ — $ 1,163 $ 86,149 December 31, 2023 30-59 60-89 90+ (In thousands) Current Days Past Due Days Past Due Days Past Due Non-Accrual Total Business loans $ 12,496 $ — $ — $ — $ 2,131 $ 14,627 One-to-four family residential, including condominium and cooperative apartment 2,856 — — — 92 2,948 Non-owner-occupied commercial real estate 24,706 — — — — 24,706 Total $ 40,058 $ — $ — $ — $ 2,223 $ 42,281 There were no loans held for investment made to borrowers experiencing financial difficulty that were modified during the year ended December 31, 2024 and 2023, that subsequently defaulted. For the purposes of this disclosure, a payment default is defined as 90 or more days past due. 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 as to 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: December 31, 2024 (In thousands) 2024 2023 2022 2021 2020 2019 and Prior Revolving Revolving-Term Total Business loans Pass $ 400,607 $ 232,017 $ 327,174 $ 201,799 $ 164,834 $ 348,388 $ 828,287 $ 67,238 $ 2,570,344 Special mention 135 754 36,740 4,220 4,333 17,226 26,292 14,497 104,197 Substandard — 398 1,985 2,482 3,944 11,298 — 30,467 50,574 Doubtful — — — — — 611 — — 611 Total business loans 400,742 233,169 365,899 208,501 173,111 377,523 854,579 112,202 2,725,726 YTD Gross Charge-Offs — — 158 166 267 586 89 6,785 8,051 One-to-four family residential, and condominium/cooperative apartment: Pass 134,804 159,300 202,706 98,491 63,093 247,952 26,724 8,364 941,434 Special mention — — — — — 711 159 — 870 Substandard — — — — 984 7,326 — 914 9,224 Doubtful — — — — — — — — — Total one-to-four family residential, and condominium/cooperative apartment 134,804 159,300 202,706 98,491 64,077 255,989 26,883 9,278 951,528 YTD Gross Charge-Offs — — — — — — — — — Multifamily residential and residential mixed-use: Pass 21,810 252,975 1,285,619 560,039 286,653 1,239,261 4,285 4,267 3,654,909 Special mention — — 1,202 12,369 14,172 73,778 — — 101,521 Substandard — — — — — 63,853 — — 63,853 Doubtful — — — — — — — — — Total multifamily residential and residential mixed-use 21,810 252,975 1,286,821 572,408 300,825 1,376,892 4,285 4,267 3,820,283 YTD Gross Charge-Offs 400 — — — 1,292 2,985 — — 4,677 Non-owner-occupied commercial real estate Pass 57,280 215,279 724,041 601,508 408,361 1,020,137 11,937 8,966 3,047,509 Special mention — — — 658 75,802 29,564 — — 106,024 Substandard — — — 16,471 34,236 26,295 — — 77,002 Doubtful — — — — — — — — — Total non-owner-occupied commercial real estate 57,280 215,279 724,041 618,637 518,399 1,075,996 11,937 8,966 3,230,535 YTD Gross Charge-Offs — — — 2,797 4,033 — — 96 6,926 ADC: Pass 16,154 34,169 25,950 4,810 — 2,468 24,868 12,122 120,541 Special mention — — — 14,974 — — — — 14,974 Substandard — — — — — — — 657 657 Doubtful — — — — — — — — — Total ADC 16,154 34,169 25,950 19,784 — 2,468 24,868 12,779 136,172 YTD Gross Charge-Offs — — — — — — — — — Total: Pass 630,655 893,740 2,565,490 1,466,647 922,941 2,858,206 896,101 100,957 10,334,737 Special mention 135 754 37,942 32,221 94,307 121,279 26,451 14,497 327,586 Substandard — 398 1,985 18,953 39,164 108,772 — 32,038 201,310 Doubtful — — — — — 611 — — 611 Total Loans $ 630,790 $ 894,892 $ 2,605,417 $ 1,517,821 $ 1,056,412 $ 3,088,868 $ 922,552 $ 147,492 $ 10,864,244 YTD Gross Charge-Offs $ 400 $ — $ 158 $ 2,963 $ 5,592 $ 3,571 $ 89 $ 6,881 $ 19,654 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) December 31, 2024 December 31, 2023 Performing $ 5,059 $ 5,755 Non-accrual 25 — Total $ 5,084 $ 5,755

LOAN SERVICING ACTIVITIES

LOAN SERVICING ACTIVITIES	12 Months Ended
LOAN SERVICING ACTIVITIES	Dec. 31, 2024
LOAN SERVICING ACTIVITIES
LOAN SERVICING ACTIVITIES	5. LOAN SERVICING ACTIVITIES The Bank services real estate and C&I loans for others having principal balances outstanding of approximately $329.1 million and $346.1 million at December 31, 2024 and 2023, respectively. Loans serviced for others are not reported as assets. Servicing loans for others generally consists of collecting loan payments, maintaining escrow accounts, disbursing payments to investors, paying taxes and insurance and processing foreclosures. In connection with loans serviced for others, the Bank held borrowers’ escrow balances of $1.3 million at December 31, 2024 and 2023. There are no restrictions on the Company’s consolidated assets or liabilities related to loans sold with servicing rights retained. Upon sale of these loans, the Company recorded an SRA in other assets, and has elected to account for the SRA under the "amortization method" prescribed under GAAP. The activity for SRAs for the periods indicated are as follows: Year Ended December 31, (In thousands) 2024 2023 2022 Servicing right assets: Beginning of year $ 3,168 $ 3,349 $ 3,856 Additions 201 458 659 Amortized to expense (668) (639) (907) Sold — — (259) End of year 2,701 3,168 3,349 Valuation allowance: Beginning of year (237) (201) (80) Additions expensed (45) (36) (121) End of year (282) (237) (201) Servicing right assets, net $ 2,419 $ 2,931 $ 3,148 The fair value of SRAs was $3.0 million and $3.4 million, at December 31, 2024 and 2023, respectively. The fair value at December 31, 2024 was determined using discount rates ranging from 10.0% to 13.9%, prepayment speeds ranging from 6.1% to 12.3%, depending on the stratification of the specific servicing right, and a weighted average default rate of 0.62%. The fair value at December 31, 2023 was determined using discount rates ranging from 10.0% to 14.5%, prepayment speeds ranging from 6.5% to 12.2%, depending on the stratification of the specific servicing right, and a weighted average default rate of 0.67%.

PREMISES AND FIXED ASSETS, NET

PREMISES AND FIXED ASSETS, NET AND PREMISES HELD FOR SALE	12 Months Ended
PREMISES AND FIXED ASSETS, NET AND PREMISES HELD FOR SALE	Dec. 31, 2024
PREMISES AND FIXED ASSETS, NET AND PREMISES HELD FOR SALE
PREMISES AND FIXED ASSETS, NET AND PREMISES HELD FOR SALE	6. PREMISES AND FIXED ASSETS, NET AND PREMISES HELD FOR SALE Premises and Fixed Assets, Net The following is a summary of premises and fixed assets, net: December 31, (In thousands) 2024 2023 Land $ 5,808 $ 10,824 Buildings 14,417 21,173 Leasehold improvements 29,817 28,307 Furniture, fixtures and equipment 28,690 25,909 Premises and fixed assets, gross $ 78,732 $ 86,213 Less: accumulated depreciation and amortization (43,874) (41,345) Premises and fixed assets, net $ 34,858 $ 44,868 Depreciation and amortization expense amounted to $7.0 million, $6.7 million and $7.4 million during the years ended December 31, 2024, 2023 and 2022, respectively. Premises Held for Sale During the year ended December 31, 2024, the Company transferred two real estate properties utilized as retail branches to premises held for sale totaling $9.2 million. During the year ended December 31, 2023, the Company transferred one real estate property utilized as a retail branch to premises held for sale totaling $905 thousand. During the year ended December 31, 2024, the Company sold three real estate properties utilized as retail branches for $19.3 million and recorded an associated gain of $9.1 million in gain on sale of other assets in the consolidated statements of operations. There were no premises held for sale as of December 31, 2024.

LEASES

LEASES	12 Months Ended
LEASES	Dec. 31, 2024
LEASES
LEASES	7. 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 December 31, 2024: (In thousands) 2025 $ 13,972 2026 13,374 2027 11,528 2028 5,547 2029 3,029 Thereafter 4,787 Total undiscounted lease payments 52,237 Less amounts representing interest (3,244) Operating lease liabilities $ 48,993 Other information related to our operating leases was as follows: Year Ended December 31, (In thousands) 2024 2023 2022 Operating lease cost $ 13,712 $ 12,801 $ 11,428 Cash paid for amounts included in the measurement of operating lease liabilities 13,684 12,560 10,574 As of December 31, 2024 As of December 31, 2023 Weighted average remaining lease term 4.4 years 5.0 years Weighted average discount rate 2.72 % 2.34 %

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	12 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS	Dec. 31, 2024
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS	8. GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill At December 31, 2024 and 2023, the carrying amount of the Company’s goodwill was $155.8 million, respectively. The Company performs its annual goodwill impairment test in the fourth quarter of every year, or more frequently if events or changes in circumstance indicate the asset might be impaired. It was determined during the annual impairment testing that no impairment was needed for the years ended December 31, 2024, 2023 and 2022. The following table presents the change in Goodwill for the years ended December 31, 2024, 2023 and 2022: Year Ended December 31, (In thousands) 2024 2023 2022 Beginning of year $ 155,797 $ 155,797 $ 155,797 Impairment - - - End of year $ 155,797 $ 155,797 $ 155,797 Other Intangible Assets The following table presents the carrying amount and accumulated amortization of intangible assets that are amortizable, all of which are core deposit intangibles: (In thousands) December 31, 2024 December 31, 2023 Gross carrying value $ 10,204 $ 10,204 Accumulated amortization (6,308) (5,145) Net carrying amount $ 3,896 $ 5,059 Amortization expense recognized on intangible assets was $1.2 million, $1.4 million and $1.9 million for the years ended December 31, 2024, 2023 and 2022, respectively. Estimated amortization expense for 2025 through 2029 and thereafter is as follows: (In thousands) 2025 $ 958 2026 795 2027 664 2028 560 2029 475 Thereafter 444 Total $ 3,896

RESTRICTED STOCK

RESTRICTED STOCK	12 Months Ended
RESTRICTED STOCK	Dec. 31, 2024
RESTRICTED STOCK
RESTRICTED STOCK	9. RESTRICTED STOCK The following is a summary of restricted stock: Year Ended December 31, (In thousands) 2024 2023 FHLBNY capital stock $ 41,794 $ 73,475 FRB capital stock 27,147 25,110 ACBB capital stock 165 165 Restricted stock $ 69,106 $ 98,750 FHLBNY Capital Stock The Bank is a member of the FHLBNY. Membership requires the purchase of shares of FHLBNY capital stock at $100 per share. Members are required to own a particular amount of stock based on the level of borrowings and other factors. The Bank decreased its outstanding FHLBNY advances by $705.0 million during the year ended December 31, 2024, resulting in a decrease of required FHLBNY stock. The Bank owned 417,937 shares and 734,751 shares at December 31, 2024 and 2023, respectively. The Bank recorded dividend income on the FHLBNY capital stock of $5.1 million, $5.4 million and $853 thousand during the years ended December 31, 2024, 2023 and 2022, respectively. FRB Capital Stock The Bank is a member of the FRB. Membership requires the purchase of shares of FRB capital stock at $50 per share. The Bank owned 542,943 shares at December 31, 2024 and 502,197 shares at December 31, 2023. The Bank recorded dividend income on the FRB capital stock of $1.1 million, $1.0 million, and $828 thousand during the years ended December 31, 2024, 2023, and 2022, respectively. ACBB Capital Stock The Bank has a relationship with ACBB. The relationship requires the purchase of shares of ACBB capital stock between $2,500 and $3,250 per share. The Bank owned 60 shares at December 31, 2024 and 2023. The Bank did not record dividend income on the ACBB capital stock during the year ended December 31, 2024. The Bank recorded dividend income on the ACBB capital stock of $2 thousand during the year ended December 31, 2023, and $1 thousand during the year ended December 31, 2022.

DEPOSITS

DEPOSITS	12 Months Ended
DEPOSITS	Dec. 31, 2024
Deposits.
DEPOSITS	10. DEPOSITS Deposits are summarized as follows: Year Ended December 31, 2024 2023 Weighted Weighted Average Average (Dollars in thousands) Rate Liability Rate Liability Savings (1) 2.98 % $ 1,927,909 3.67 % $ 2,335,490 CDs 3.73 1,069,081 4.43 1,607,683 Money market 3.01 4,198,784 3.46 3,125,996 Interest-bearing checking 1.92 1,079,823 0.77 515,987 Non-interest-bearing checking (1) — 3,410,544 — 2,945,499 Total 2.09 % $ 11,686,141 2.56 % $ 10,530,655 (1) Includes mortgage escrow deposits . The following table presents a summary of scheduled maturities of CDs outstanding at December 31, 2024: Maturing Weighted Average (Dollars in thousands) Balance Interest Rate 2025 $ 873,750 3.91 % 2026 75,616 2.53 2027 12,401 1.44 2028 103,163 3.50 2029 4,139 0.36 2030 and beyond 12 1.34 Total $ 1,069,081 3.73 % CDs that met or exceeded the Federal Deposit Insurance Corporation (“FDIC”) insurance limit of $250 thousand were $93.3 million and $115.3 million at December 31, 2024 and 2023, respectively.

DERIVATIVES AND HEDGING ACTIVIT

DERIVATIVES AND HEDGING ACTIVITIES	12 Months Ended
DERIVATIVES AND HEDGING ACTIVITIES	Dec. 31, 2024
DERIVATIVES AND HEDGING ACTIVITIES
DERIVATIVES AND HEDGING ACTIVITIES	11. 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 exposure 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 notional amounts and the fair values of the Company’s derivative financial instruments as of December 31, 2024 and December 31, 2023. December 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 $ 8,318 $ 150,000 $ 12,492 Derivatives not designated as hedging instruments: Interest rate products 1,665,949 108,178 1,682,961 114,671 December 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 $ — $ 500,000 $ 6,594 Cash flow hedges - interest rate products 350,000 159 200,000 5,031 Derivatives not designated as hedging instruments: Interest rate products 1,665,949 108,178 1,682,961 114,671 Risk participations 141,080 10 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 as of December 31, 2024 and December 31, 2023. Year Ended December 31, 2024 2023 Interest Interest Interest Interest (In thousands) Income Expense Income Expense Effects of fair value or cash flow hedges are recorded $ 1,607 $ 10,008 $ 561 2,092 The effects of fair value and cash flow hedging: Gain or (loss) on fair value hedging relationships Interest contracts: Hedged items (3,976) — 6,591 — Derivatives designated as hedging instruments 5,583 — (6,030) — Gain or (loss) on cash flow hedging relationships Interest contracts: Loss reclassified from AOCI into income — 10,008 — 2,092 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 December 31, 2024 and December 31, 2023, the Company posted $2.7 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. The amortized cost basis of the closed portfolio of the fixed rate mortgage loans on December 31, 2024 totaled $692.2 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 hedged item was a $2.6 million asset as of December 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 hedged item 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 years ended December 31, 2024 and 2023, the Company recorded a $1.6 million and $561 thousand, respectively, credit from the swap transaction as a component of interest income in the consolidated statements of operations, respectively. As of December 31, 2024 and 2023, the following amounts were recorded on the consolidated statements of financial condition related to cumulative basis adjustment for fair value hedges: Year Ended December 31, 2024 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 $ 694,774 $ 2,615 $ 736,098 $ 6,591 Cash Flow Hedges The Company uses cash flow hedges to protect against variability in cash flows associated with existing or forecasted issuances of short-term borrowing. Cash flow hedges on liabilities 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. 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 (loss) 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 $6.1 million will be reclassified as a decrease to interest expense. During the years ended December 31, 2024, 2023 and 2022, the Company did not terminate any derivatives. The table below presents the effect of the cash flow hedge accounting on accumulated other comprehensive loss as of December 31, 2024, 2023 and 2022. Year Ended December 31, (In thousands) 2024 2023 2022 (Loss) gain recognized in other comprehensive income (loss) $ (8,453) $ (11,782) $ 14,412 (Loss) gain reclassified from other comprehensive income into interest expense (10,008) (2,092) 1,621 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 December 31, 2024 and 2023, the Company did not post collateral to the third-party counterparties. As of December 31, 2024 and 2023, the Company received $9.1 million and $13.5 million, respectively, in collateral from its third-party counterparties under the agreements in a net asset position. Additionally, the Bank entered certain cash flow hedges that are CME exchanged and settled daily to market. As of December 31, 2024, the Company posted $856 thousand to the CME clearing house 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 ASC 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: December 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 23 $ 321,745 $ 3,704 $ — Loan level interest rate swaps with borrower 202 1,344,204 — 104,474 Loan level interest rate swaps with third-party counterparties 23 321,745 — 3,704 Loan level interest rate swaps with third-party counterparties 202 1,344,204 104,474 — 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: Year Ended December 31, (In thousands) 2024 2023 2022 Loan level derivative income $ 2,114 $ 7,081 $ 3,637 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 December 31, 2024 and 2023, the Company did not post collateral to its third-party counterparties. As of December 31, 2024 and 2023, the Company received $103.3 million and $94.7 million, respectively, 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 December 31, 2024 and December 31, 2023, the notional amounts of risk participation agreements for derivative liabilities were $141.1 million and $93.9 million, respectively. The related fair values of the Company’s risk participation agreements as of December 31, 2024 and December 31, 2023 were $10 thousand and $24 thousand, respectively. 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 December 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 year ended December 31, 2024.

FHLBNY ADVANCES

FHLBNY ADVANCES	12 Months Ended
FHLBNY ADVANCES	Dec. 31, 2024
FHLBNY ADVANCES
FHLBNY ADVANCES	12. FHLBNY ADVANCES The Bank had borrowings from the FHLBNY (“Advances”) totaling $608.0 million and $1.31 billion at December 31, 2024 and 2023, respectively, all of which were fixed rate. In accordance with its Advances, Collateral Pledge and Security Agreement with the FHLBNY, the Bank was eligible to borrow or secure municipal letters of credit up to $3.87 billion as of December 31, 2024 and $4.09 billion as of December 31, 2023, and maintained sufficient qualifying collateral, as defined by the FHLBNY. We pledge real estate loans including Residential, Multifamily and CRE. At December 31, 2024 there were no callable Advances and the Bank had $1.84 billion of remaining borrowing capacity through the FHLBNY. During the year ended December 31, 2024, the Company had $454 thousand of prepayment penalty expense recognized as a loss on extinguishment of debt. During the years ended December 31, 2023 and 2022, the Company did not have any prepayment penalty expense recognized as a loss on extinguishment of debt. The following table is a summary of FHLBNY extinguishments for the periods presented: Year Ended December 31, (Dollars in thousands) 2024 2023 2022 FHLBNY advances extinguished $ 1,805,000 $ - $ - Weighted average rate 5.28 % - % - % Loss on extinguishment of debt $ 454 $ - $ - The following table presents the contractual maturities of FHLBNY advances for each of the next five years. (Dollars in thousands) December 31, 2024 December 31, 2023 2024, fixed rate at rates from 4.85% to 5.67% — 1,265,000 Overnight, fixed rate at 4.67% 100,000 — 2025, fixed rate at rates from 4.54% to 4.84% 400,000 — 2027, fixed rate at 4.25% 36,000 36,000 2028, fixed rate at 4.04% 12,000 12,000 2029, fixed rate at rates from 3.98% to 4.03% 60,000 — Total FHLBNY advances $ 608,000 $ 1,313,000 Total FHLBNY advances had a weighted average interest rate of 4.58% and 5.23% at December 31, 2024 and December 31, 2023, respectively.

SUBORDINATED DEBENTURES

SUBORDINATED DEBENTURES	12 Months Ended
SUBORDINATED DEBENTURES	Dec. 31, 2024
SUBORDINATED DEBENTURES.
SUBORDINATED DEBENTURES	13. SUBORDINATED DEBENTURES On June 28, 2024, the Company issued $65.0 million aggregate principal amount of fixed-to-floating rate subordinated notes due 2034 (“the 2024 Notes”). The 2024 Notes are callable at par after five years SOFR Subsequently, on July 9, 2024, the Company issued and sold an additional $9.8 million of the 2024 Notes, pursuant to an overallotment option granted to the underwriters of the offering. Including the overallotment option, the total gross proceeds from the offering were $74.8 million, before discounts and offering expenses. 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 SOFR 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 SOFR The subordinated debentures totaled $272.3 million at December 31, 2024 and $200.2 million at December 31, 2023. Interest expense related to the subordinated debt was $13.8 million, $10.2 million and $10.6 million during the years ended December 31, 2024, 2023 and 2022, respectively. The subordinated debentures are included in tier 2 capital (with certain limitations applicable) under current regulatory guidelines and interpretations.

OTHER SHORT-TERM BORROWINGS

OTHER SHORT-TERM BORROWINGS	12 Months Ended
OTHER SHORT-TERM BORROWINGS	Dec. 31, 2024
OTHER SHORT-TERM BORROWINGS
OTHER SHORT-TERM BORROWINGS	14. OTHER SHORT-TERM BORROWINGS Repurchase Agreements The Bank utilizes securities sold under agreements to repurchase (“repurchase agreements”) as part of its borrowing policy to add liquidity. Repurchase agreements represent funds received from customers, generally on an overnight basis, which are collateralized by investment securities, of which 100% were pass-through MBS issued by GSEs. There were no repurchase agreements at December 31, 2024 and December 31, 2023. Repurchase agreements are financing arrangements that at maturity, the securities underlying the agreements are returned to the Bank. The primary risk associated with these secured borrowings is the requirement to pledge a market value-based balance of collateral in excess of the borrowed amount. The excess collateral pledged represents an unsecured exposure to the lending counterparty. As the market value of the collateral changes, both through changes in discount rates and spreads as well as related cash flows, additional collateral may need to be pledged. In accordance with the Bank’s policies, eligible counterparties are defined and monitored to minimize exposure. There was no interest expense on repurchase agreements for the years ended December 31, 2024 and December 31, 2023. Interest expense on repurchase agreements for the year ended December 31, 2022 was $1 thousand. AFX The Bank is a member of AFX, through which it may either borrow or lend funds on an overnight or short-term basis with other member institutions. The availability of funds changes daily. As of December 31, 2024 and December 31, 2023, the Bank had $50.0 million and zero, respectively, of such borrowings outstanding. Interest expense on AFX borrowings for the years ended December 31, 2024, 2023 and 2022 was $3 thousand, $101 thousand, and $1.4 million, respectively.

INCOME TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Dec. 31, 2024
INCOME TAXES
INCOME TAXES	15. INCOME TAXES The Company’s consolidated Federal, State and City income tax provisions were comprised of the following: Year Ended December 31, (In thousands) 2024 2023 2022 Current expense Federal $ 20,170 $ 24,469 $ 39,492 State and city 8,479 15,681 17,205 Total current expense 28,649 40,150 56,697 Deferred expense Federal (5,179) 1,393 840 State and city (1,115) (758) 1,822 Total deferred expense (6,294) 635 2,662 Total $ 22,355 $ 40,785 $ 59,359 The preceding table excludes tax effects recorded directly to stockholders’ equity in connection with unrealized gains and losses on securities available-for-sale (including losses on such securities upon their transfer to held-to-maturity), interest rate derivatives, and adjustments to other comprehensive income relating to the minimum pension liability, unrecognized gains of pension and other postretirement obligations and changes in the non-credit component of OTTI. These tax effects are disclosed as part of the presentation of the consolidated statements of changes in stockholders’ equity and comprehensive income. The provision for income taxes differed from that computed at the Federal statutory rate as follows: Year Ended December 31, (Dollars in thousands) 2024 2023 2022 Tax at federal statutory rate $ 10,802 $ 28,745 $ 44,502 State and local taxes, net of federal income tax benefit 5,583 12,237 13,699 Benefit plan differences (131) (127) (127) Investment in BOLI (2,179) (2,047) (2,173) Surrender of BOLI 7,415 — — Equity based compensation 200 79 (141) Salaries deduction limitation 653 2,381 2,054 Other, net 12 (483) 1,545 Total $ 22,355 $ 40,785 $ 59,359 Effective tax rate 43.46 % 29.80 % 28.01 % The increase in effective tax rate in 2024 was primarily the result of $9.1 million of income expense related to the taxable gain and Modified Endowment Contract Tax on the surrender of legacy BOLI assets. Deferred tax assets and liabilities are recorded for temporary differences between the book and tax bases of assets and liabilities. The components of Federal, State and City deferred income tax assets and liabilities were as follows: December 31, (In thousands) 2024 2023 Deferred tax assets: Allowance for credit losses and other contingent liabilities $ 29,013 $ 26,926 Tax effect of other components of income on securities available-for-sale 14,251 34,745 Tax effect of other components of income on securities held-to-maturity 6,048 7,216 Operating lease liability 15,034 19,229 Other 3,546 2,603 Total deferred tax assets 67,892 90,719 Deferred tax liabilities: Tax effect of other components of income on derivatives 3,261 2,368 Employee benefit plans 3,259 1,707 Tax effect of purchase accounting fair value adjustments (201) 1,329 Difference in book and tax carrying value of fixed assets 670 2,230 Difference in book and tax basis of unearned loan fees 2,531 3,239 Operating lease asset 14,179 18,266 States taxes — 2,166 Other 951 241 Total deferred tax liabilities 24,650 31,546 Net deferred tax asset (recorded in other assets) $ 43,242 $ 59,173 The Company and its subsidiary are subject to U.S. federal income tax as well as income tax of the State of New York, City of New York and the State of New Jersey. Under generally accepted accounting principles, the Company uses the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to be recovered or settled. No valuation allowances were recognized on deferred tax assets during the years ended December 31, 2024 or 2023, since, at each period end, it was deemed more likely than not that the deferred tax assets would be fully realized. In connection with the Merger, the Company acquired a federal net operating loss (“NOL”) carryforward subject to Internal Revenue Code Section 382. The Company recorded a deferred tax asset that it expects to realize within the carryforward period. At December 31, 2024, the remaining federal NOL carryforward was $2.0 million. At December 31, 2024, the Company had a New York State and New York City NOL carryforward balance of zero. At December 31, 2024 and 2023, the Bank had accumulated bad debt reserves totaling $15.1 million for which no provision for income tax was required to be recorded. These bad debt reserves could be subject to recapture into taxable income under certain circumstances, including a distribution of the bad debt benefits to the Holding Company or the failure of the Bank to qualify as a bank for federal income tax purposes. Should the reserves as of December 31, 2024 be fully recaptured, the Bank would recognize $4.8 million in additional income tax expense. The Company expects to take no action in the foreseeable future that would require the establishment of a tax liability associated with these bad debt reserves. The Company is subject to regular examination by various tax authorities in jurisdictions in which it conducts significant business operations. The Company regularly assesses the likelihood of additional examinations in each of the tax jurisdictions resulting from ongoing assessments. Under current accounting rules, all tax positions adopted are subjected to two levels of evaluation. Initially, a determination is made, based on the technical merits of the position, as to whether it is more likely than not that a tax position will be sustained upon examination, including resolution of any related appeals or litigation processes. In conducting this evaluation, management is required to presume that the position will be examined by the appropriate taxing authority possessing full knowledge of all relevant information. The second level of evaluation is the measurement of a tax position that satisfies the more-likely-than-not recognition threshold. This measurement is performed in order to determine the amount of benefit to recognize in the financial statements. The tax position is measured at the largest amount of benefit that is greater than 50% likely to be realized upon ultimate settlement. The Company had no unrecognized tax benefits as of December 31, 2024 or 2023. The Company does not anticipate any material change to unrecognized tax benefits during the year ended December 31, 2025. As of December 31, 2024, the tax years ended December 31, 2024, 2023, 2022, and 2021, remained subject to examination by all of the Company's relevant tax jurisdictions. The Company is currently not under audit in any taxing jurisdictions.

RETIREMENT AND POSTRETIREMENT P

RETIREMENT AND POSTRETIREMENT PLANS	12 Months Ended
RETIREMENT AND POSTRETIREMENT PLANS	Dec. 31, 2024
RETIREMENT AND POSTRETIREMENT PLANS
RETIREMENT AND POSTRETIREMENT PLANS	16. RETIREMENT AND POSTRETIREMENT PLANS The Bank maintains two noncontributory pension plans: (i) the Retirement Plan of Dime Community Bank (“Employee Retirement Plan”) and (ii) the BNB Bank Pension Plan, covering all eligible employees. Bank of America, N.A. (“BANA”) was the Trustee for the Employee Retirement Plan and BNB Bank Pension Plan assets as of December 31, 2024 and 2023. The assets of both plans are overseen by the Retirement Committee (“Committee”), comprised of management, who meet quarterly and set investment policy guidelines. Merrill Lynch, Pierce, Fenner & Smith, Inc. (“MLPF&S”) and Blackrock are the investment managers of the assets of both plans. The Committee meets with representatives of MLPF&S and reviews the performance of the plan assets. Pension plan assets include cash and cash equivalents, equities and fixed income securities. 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 years ended December 31, 2024 and 2023, the Bank used December 31 st The funded status of the Employee Retirement Plan was as follows: Year Ended December 31, (In thousands) 2024 2023 Reconciliation of projected benefit obligation: Projected benefit obligation at beginning of year $ 18,721 $ 19,021 Interest cost 847 900 Actuarial (gain) loss (1,101) 384 Benefit payments (1,649) (1,584) Projected benefit obligation at end of year 16,818 18,721 Plan assets at fair value (investments in trust funds managed by trustee) Balance at beginning of year 21,303 22,593 Return on plan assets (448) 294 Benefit payments (1,649) (1,584) Balance at end of year 19,206 21,303 Funded status at end of year $ 2,388 $ 2,582 The net periodic cost for the Employee Retirement Plan included the following components: Year Ended December 31, (In thousands) 2024 2023 2022 Interest cost $ 847 $ 900 $ 622 Expected return on plan assets (1,429) (1,521) (1,949) Amortization of unrealized loss 854 572 261 Net periodic benefit (credit) cost $ 272 $ (49) $ (1,066) The change in accumulated other comprehensive loss that resulted from the Employee Retirement Plan is summarized as follows: Year Ended December 31, (In thousands) 2024 2023 Balance at beginning of period $ (6,363) $ (5,323) Amortization of unrealized loss 854 572 Loss recognized during the year (776) (1,612) Balance at the end of the period $ (6,285) $ (6,363) Period end component of accumulated other comprehensive loss, net of tax $ 4,356 $ 4,343 Major assumptions utilized to determine the net periodic cost of the Employee Retirement Plan benefit obligations were as follows: At or for the Year Ended December 31, 2024 2023 2022 Discount rate used for net periodic benefit cost 4.70 % 4.90 % 2.55 % Discount rate used to determine benefit obligation at period end 5.40 4.70 4.90 Expected long-term return on plan assets used for net periodic benefit cost 7.00 7.00 7.00 Expected long-term return on plan assets used to determine benefit obligation at period end 7.00 7.00 7.00 Plan Assets At December 31, 2024, the Employee Retirement Plan’s assets included debt securities. Debt securities include corporate bonds, government issues, mortgage-backed securities, and high yield securities. The weighted average expected long-term rate of return is estimated based on current trends in Employee Retirement Plan assets, as well as projected future rates of return on those assets and reasonable actuarial assumptions based on the guidance provided by Actuarial Standard of Practice No. 27 for the real and nominal rate of investment return for a specific mix of asset classes. The long-term rate of return considers historical returns for the S&P 500 index and corporate bonds representing cumulative returns of approximately 9.0% and 5.0%, respectively. These returns were considered along with the target allocations of asset categories. When these overall return expectations were applied to the Employee Retirement Plan’s target allocation, the expected annual rate of return was determined to be 7.00% at both December 31, 2024 and 2023. The Bank did not make any contributions to the Employee Retirement Plan during the year ended December 31, 2024. The Bank does not expect to make contributions to the Employee Retirement Plan during the year ending December 31, 2025. The weighted-average allocation by asset category of the assets of the Employee Retirement Plan was summarized as follows: December 31, 2024 2023 Asset category: Debt securities 99 % 100 % Cash equivalents 1 — Total 100 % 100 % The allocation percentages in the above table were consistent with future planned allocation percentages as of December 31, 2024 and 2023, respectively. The following tables present a summary of the Employee Retirement Plan’s investments measured at fair value on a recurring basis by level within the fair value hierarchy, as of the dates indicated. (See Note 21 for a discussion of the fair value hierarchy). December 31, 2024 Fair Value Measurements Using: Quoted Prices in Significant Active Markets for Other Significant Identical Observable Unobservable (In thousands) Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Total Description: Cash and cash equivalents $ — $ 136 $ — $ 136 Fixed income securities: Government 19,070 — — 19,070 Total Plan Assets $ 19,070 $ 136 $ — $ 19,206 December 31, 2023 Fair Value Measurements Using: Quoted Prices in Significant Active Markets for Other Significant Identical Observable Unobservable (In thousands) Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Total Description: Cash and cash equivalents $ — $ 58 $ — $ 58 Fixed income securities: Government 21,245 — — 21,245 Total Plan Assets $ 21,245 $ 58 $ — $ 21,303 Benefit payments for the fiscal year ending December 31 st (In thousands) 2025 $ 1,502 2026 1,462 2027 1,431 2028 1,393 2029 1,353 2030 to 2034 6,514 BNB Bank Pension Plan During 2012, 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 years ended December 31, 2024 and 2023, the Bank used December 31 st The funded status of the BNB Bank Pension Plan was as follows: Year Ended December 31, (In thousands) 2024 2023 Reconciliation of projected benefit obligation: Projected benefit obligation at beginning of year $ 27,282 $ 27,920 Service cost — 564 Interest cost 1,265 1,263 Actuarial gain (1,575) (883) Curtailment — (446) Impact of settlement (5,481) — Benefit payments (1,040) (1,136) Projected benefit obligation at end of year 20,451 27,282 Plan assets at fair value (investments in trust funds managed by trustee) Balance at beginning of year 38,170 38,572 Return on plan assets (1,542) 734 Impact of settlement (5,481) — Benefit payments (1,040) (1,136) Balance at end of year 30,107 38,170 Funded status at end of year $ 9,656 $ 10,888 The net periodic cost for the BNB Bank Pension Plan included the following components: Year Ended December 31, (In thousands) 2024 2023 Service cost $ — $ 564 Interest cost 1,265 1,263 Expected return on plan assets (2,726) (2,760) Net periodic benefit credit $ (1,461) $ (933) Settlement loss recognized 1,215 — Total benefit cost $ (246) $ (933) The change in accumulated other comprehensive income that resulted from the BNB Bank Pension Plan is summarized as follows: Year Ended December 31, (In thousands) 2024 2023 Balance at beginning of period $ (3,056) $ (2,358) Recognition of gain as a result of settlement 1,215 — Loss recognized during the year (2,693) (698) Balance at the end of the period $ (4,534) $ (3,056) Period end component of accumulated other comprehensive income, net of tax $ 3,143 $ 2,087 Major assumptions utilized to determine the net periodic cost of the BNB Bank Pension Plan benefit obligations were as follows: At or for the Year Ended December 31, 2024 2023 Discount rate used for net periodic benefit cost 4.79 % 4.98 % Discount rate used to determine benefit obligation at period end 5.47 4.79 Expected long-term return on plan assets used for net periodic benefit cost 7.25 7.25 Expected long-term return on plan assets used to determine benefit obligation at period end 7.25 7.25 Plan Assets At December 31, 2024, the BNB Bank Pension Plan’s assets included cash equivalents and debt securities. The weighted average expected long-term rate of return is estimated based on current trends in BNB Bank Pension Plan assets, as well as projected future rates of return on those assets and reasonable actuarial assumptions based on the guidance provided by Actuarial Standard of Practice No. 27 for the real and nominal rate of investment return for a specific mix of asset classes. The long-term rate of return considers historical returns for the S&P 500 index and corporate bonds representing cumulative returns of approximately 9.0% and 5.0%, respectively. These returns were considered along with the target allocations of asset categories. When these overall return expectations were applied to the BNB Bank Pension Plan’s target allocation, the expected annual rate of return was determined to be 7.25% at December 31, 2024 and 2023. The Bank did not make any contributions to the BNB Bank Pension Plan during the year ended December 31, 2024. The Bank does not expect to make contributions to the BNB Bank Pension Plan during the year ending December 31, 2025. The weighted-average allocation by asset category of the assets of the BNB Bank Pension Plan was summarized as follows: December 31, 2024 2023 Asset category: Debt securities 96 % 99 % Cash equivalents 4 1 Total 100 % 100 % The following tables present a summary of the BNB Bank Pension Plan’s investments measured at fair value on a recurring basis by level within the fair value hierarchy, as of the dates indicated. (See Note 21 for a discussion of the fair value hierarchy). Fair Value Measurements at December 31, 2024 Quoted Prices in Significant Active Markets for Other Significant Identical Observable Unobservable (In thousands) Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Total Description: Cash and cash equivalents $ — $ 1,062 $ — $ 1,062 Fixed income securities: Government 29,045 — — 29,045 Total Plan Assets $ 29,045 $ 1,062 $ — $ 30,107 Fair Value Measurements at December 31, 2023 Quoted Prices in Significant Active Markets for Other Significant Identical Observable Unobservable (In thousands) Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Total Description: Cash and cash equivalents $ — $ 317 $ — $ 317 Fixed income securities: Government 37,853 — — 37,853 Total Plan Assets $ 37,853 $ 317 $ — $ 38,170 Benefit payments for the fiscal year ending December 31 st (In thousands) 2025 $ 1,128 2026 1,302 2027 1,207 2028 1,294 2029 1,300 2030 to 2034 7,689 401(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

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
STOCK-BASED COMPENSATION	Dec. 31, 2024
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION	17. STOCK-BASED COMPENSATION In May 2021, the Company’s stockholders 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. An additional 1,185,000 shares of common stock were reserved to be issued under the 2021 Equity Incentive Plan following stockholder approval at the Annual Meeting of Shareholders on May 23, 2024. At December 31, 2024, there were 1,493,586 shares reserved for issuance under the 2021 Equity Incentive Plan. Stock Option Activity 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 December 31, 2024 26,995 $ 35.39 4.2 $ — Options vested and exercisable at December 31, 2024 26,995 $ 35.39 4.2 $ — Information related to stock options during each period is as follows: Year Ended December 31, (In thousands) 2024 2023 2022 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 December 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 5.1 10,061 5.1 $35.35 9,802 4.1 9,802 4.1 $36.19 7,132 3.1 7,132 3.1 Total 26,995 4.2 26,995 4.2 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 319,924 20.62 Shares vested (170,540) 26.98 Shares forfeited (35,943) 24.15 Unvested allocated shares outstanding at December 31, 2024 470,236 $ 22.79 Information related to RSAs during each period is as follows: Year Ended December 31, (In thousands) 2024 2023 2022 Compensation expense recognized $ 5,780 $ 4,003 $ 3,516 Income tax expense recognized on vesting of RSAs (317) (188) (10) As of December 31, 2024, there was $5.6 million of total unrecognized compensation cost related to unvested RSAs to be recognized over a weighted-average period of 1.7 years. Performance-Based Share Awards The Company maintains a Long Term Incentive Plan (“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. During the year ended December 31, 2024 and 2023, 96,049 shares and 195,066 shares have been granted, respectively. 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 222,240 $ 20.64 Shares granted 96,049 18.61 Shares forfeited (47,054) 24.75 Shares vested (12,371) 29.97 Maximum aggregate share payout at December 31, 2024 258,864 $ 18.69 Minimum aggregate share payout — — Expected aggregate share payout 248,381 $ 18.35 Information related to PSAs during each period is as follows: Year Ended December 31, (In thousands) 2024 2023 2022 Compensation expense recognized $ 910 $ 635 $ 760 Income tax (expense) benefit recognized on vesting of PSAs (52) — 193 As of December 31, 2024, there was $2.5 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 1.8 years.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
EARNINGS PER SHARE	Dec. 31, 2024
EARNINGS PER SHARE
EARNINGS PER SHARE	18. EARNINGS PER 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, and prior to 2021, if all likely aggregate PSAs were issued. 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. The following is a reconciliation of the numerators and denominators of basic and diluted EPS for the periods presented: Year Ended December 31, (In thousands except share and per share amounts) 2024 2023 2022 Net income available to common stockholders $ 21,798 $ 88,808 $ 145,270 Less: Dividends paid and earnings allocated to participating securities (377) (1,240) (1,688) Income attributable to common stock $ 21,421 $ 87,568 $ 143,582 Weighted-average common shares outstanding, including participating securities 39,657,985 38,754,346 38,985,314 Less: weighted-average participating securities (724,931) (566,869) (446,480) Weighted-average common shares outstanding 38,933,054 38,187,477 38,538,834 Basic EPS $ 0.55 $ 2.29 $ 3.73 Income attributable to common stock $ 21,421 $ 87,568 $ 143,582 Weighted-average common shares outstanding 38,933,054 38,187,477 38,538,834 Weighted-average common equivalent shares outstanding — — — Weighted-average common and equivalent shares outstanding 38,933,054 38,187,477 38,538,834 Diluted EPS $ 0.55 $ 2.29 $ 3.73 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, 69,479 and 134,447 weighted-average stock options outstanding for the years ended December 31, 2024, 2023 and 2022, respectively, 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	12 Months Ended
PREFERRED STOCK	Dec. 31, 2024
PREFERRED STOCK
PREFERRED STOCK	19. PREFERRED STOCK Dime Community Bancshares, Inc. has 5,299,200 shares currently outstanding, or $132.5 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 “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.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2024
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	20. COMMITMENTS AND CONTINGENCIES Loan Commitments and Lines of Credit The contractual amounts of financial instruments with off-balance sheet risk were as follows: Year Ended December 31, 2024 2023 (In thousands) Fixed Rate Variable Rate Fixed Rate Variable Rate Available lines of credit $ 195,714 $ 993,637 $ 114,880 $ 1,072,471 Other loan commitments 33,858 43,975 7,190 89,855 Stand-by letters of credit 31,374 — 38,095 — At December 31, 2024 and 2023, the Bank had outstanding firm loan commitments that were accepted by borrowers that aggregated to $77.8 million and $97.0 million, respectively. Substantially all of the Bank’s commitments expire within three months of their acceptance by the prospective borrowers. The credit risk associated with these commitments is based on the loan type which is comprised of multifamily residential, residential mixed-use, business, non-owner-occupied, commercial mixed-use, and one-to-four family residential loans. At December 31, 2024, the Bank had an available line of credit with the FHLBNY equal to its excess borrowing capacity. At December 31, 2024, this amount approximated $1.84 billion. During the year ended December 31, 2017, the Bank completed a securitization of $280.2 million of its multifamily loans through a FHLMC sponsored “Q-deal” securitization. With respect to the securitization transaction, the Company also has continuing involvement through a reimbursement agreement executed with Freddie Mac. To the extent the ultimate resolution of defaulted loans results in contractual principal and interest payments that are deficient, the Company is obligated to reimburse FHLMC for such amounts, not to exceed 10% of the original principal amount of the loans comprising the securitization pool at the closing date. Litigation The Company is subject to certain pending and threatened legal actions which arise out of the normal course of business. Litigation is inherently unpredictable, particularly in proceedings where claimants seek substantial or indeterminate damages, or which are in their early stages. The Company cannot predict with certainty the actual loss or range of loss related to such legal proceedings, the manner in which they will be resolved, the timing of final resolution or the ultimate settlement. Consequently, the Company cannot estimate losses or ranges of losses related to such legal matters, even in instances where it is reasonably possible that a loss will be incurred. In the opinion of management, after consultation with counsel, the resolution of all ongoing legal proceedings will not have a material adverse effect on the consolidated financial condition or results of operations of the Company. The Company accounts for potential losses related to litigation in accordance with GAAP.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS	Dec. 31, 2024
FAIR VALUE OF FINANCIAL INSTRUMENTS
FAIR VALUE OF FINANCIAL INSTRUMENTS	21. 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 December 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 December 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 December 31, 2024 Using Level 1 Level 2 Level 3 (In thousands) Total Inputs Inputs Inputs Financial Assets: Securities available-for-sale: Agency notes $ 9,607 $ — $ 9,607 $ — Treasury securities — — — — Corporate securities 163,949 — 163,949 — Pass-through MBS issued by GSEs 300,221 — 300,221 — Agency CMOs 191,888 — 191,888 — State and municipal obligations 25,028 — 25,028 — Derivative – cash flow hedges 8,318 — 8,318 — Derivative – freestanding derivatives, net 108,178 — 108,178 — Financial Liabilities: Derivative – fair value hedges — — — — Derivative – cash flow hedges 159 — 159 — Derivative – freestanding derivatives, net 108,178 108,178 Derivative – risk participations 10 — 10 — 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 – cash flow hedges 5,031 — 5,031 — Derivative – freestanding derivatives, net 114,671 — 114,671 — Assets Measured at Fair Value on a Non-recurring Basis Certain financial assets are measured at fair value on a nonrecurring 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. December 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 $ 7,584 $ — $ — $ 7,584 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 Individually evaluated loans with an allowance for credit losses at December 31, 2024 had a carrying amount of $7.6 million, which is made up of the outstanding balance of $9.7 million, net of a valuation allowance of $2.1 million. Collateral dependent individually analyzed loans as of December 31, 2024 resulted in a credit loss recovery of $194 thousand, which is included in the amounts reported in the consolidated statements of operations for the year ended December 31, 2024. 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. Collateral dependent individually analyzed loans as of December 31, 2023 resulted in a credit loss recovery of $371 thousand, which is included in the amounts reported in the consolidated statements of operations for the year ended December 31, 2023. 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 nonrecurring 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 December 31, 2024 Using Carrying Level 1 Level 2 Level 3 (In thousands) Amount Inputs Inputs Inputs Total Financial Assets: Cash and due from banks $ 1,283,571 $ 1,283,571 $ — $ — $ 1,283,571 Securities held-to-maturity 637,339 — 552,277 — 552,277 Loans held for sale 22,625 — — 22,625 22,625 Loans held for investment, net 10,775,608 — — 10,354,366 10,354,366 Accrued interest receivable 55,970 — 6,676 49,294 55,970 Financial Liabilities: Savings, money market and checking accounts (1) 10,617,060 10,617,060 — — 10,617,060 CDs 1,069,081 — 1,066,630 — 1,066,630 FHLBNY advances 608,000 — 608,908 — 608,908 Subordinated debt, net 272,325 — 257,464 — 257,464 Other short-term borrowings 50,000 50,000 — — 50,000 Accrued interest payable 8,586 — 8,586 — 8,586 (1) Includes mortgage escrow deposits. 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 sale 10,159 — — 10,159 10,159 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) Includes mortgage escrow deposits.

REGULATORY CAPITAL MATTERS

REGULATORY CAPITAL MATTERS	12 Months Ended
REGULATORY CAPITAL MATTERS	Dec. 31, 2024
REGULATORY CAPITAL MATTERS
REGULATORY CAPITAL MATTERS	22. REGULATORY CAPITAL MATTERS The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can result in certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s and the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital requirements that involve quantitative measures of the Company’s and Bank’s assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. The Company’s and Bank’s capital amounts and classifications also are subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios of total, tier 1, and common equity tier 1 capital to risk-weighted assets and of tier 1 capital to average assets. Tier 1 capital, risk-weighted assets and average assets are as defined by regulation. The required minimums for the Company and Bank are set forth in the tables that follow. The Company and the Bank met all capital adequacy requirements at December 31, 2024 and 2023. Under the Basel III Capital Rules the Company and the Bank are subject to the following minimum capital to risk-weighted assets ratios: a) 4.5% based on common equity tier 1 capital ("CET1"); b) 6.0% based on tier 1 capital; and c) 8.0% based on total regulatory capital. A minimum leverage ratio (tier 1 capital as a percentage of total average assets) of 4.0% is also required under the Basel III Capital Rules. The Basel III Capital Rules additionally require institutions to retain a capital conservation buffer, composed of CET1, of 2.5% above these required minimum capital ratio levels. Including the capital conservation buffer, the Company and the Bank effectively have the following minimum capital to risk-weighted assets ratios: a) 7.0% based on CET1; b) 8.5% based on tier 1 capital; and c) 10.5% based on total regulatory capital. The Company and the Bank made the one-time, permanent election to continue to exclude the effects of accumulated other comprehensive income or loss items included in stockholders’ equity for the purposes of determining the regulatory capital ratios. As of December 31, 2024, the most recent notification from the Federal Deposit Insurance Corporation categorized the Bank as “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well capitalized,” the Bank must maintain minimum total risk-based, tier 1 risk-based, common equity tier 1 risk-based, and tier 1 leverage ratios as set forth in the tables below. Since that notification, there are no conditions or events that management believes have changed the institution’s category. The following tables present actual capital levels and minimum required levels for the Company and the Bank under Basel III rules at December 31, 2024 and 2023: At December 31, 2024 For Capital To Be Categorized Actual Adequacy Purposes (1) as “Well Capitalized” (1) Minimum Minimum (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Tier 1 capital / % of average total assets Bank $ 1,469,047 10.7 % $ 546,759 4.0 % $ 683,449 5.0 % Consolidated Company 1,283,038 9.4 547,024 4.0 N/A N/A Common equity Tier 1 capital / % of risk-weighted assets Bank 1,469,047 13.9 474,269 4.5 685,055 6.5 Consolidated Company 1,166,469 11.1 474,521 4.5 N/A N/A Tier 1 capital / % of risk-weighted assets Bank 1,469,047 13.9 632,358 6.0 843,144 8.0 Consolidated Company 1,283,038 12.2 632,694 6.0 N/A N/A Total capital / % of risk-weighted assets Bank 1,560,876 14.8 843,144 8.0 1,053,931 10.0 Consolidated Company 1,649,617 15.6 843,592 8.0 N/A N/A (1) In accordance with the Basel III rules. At December 31, 2023 For Capital To Be Categorized Actual Adequacy Purposes (1) as “Well Capitalized” (1) Minimum Minimum (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Tier 1 capital / % of average total assets Bank $ 1,331,676 9.8 % $ 544,254 4.0 % $ 680,318 5.0 % Consolidated Company 1,158,455 8.5 544,529 4.0 N/A N/A Common equity Tier 1 capital / % of risk-weighted assets Bank 1,331,676 12.6 476,168 4.5 687,798 6.5 Consolidated Company 1,041,886 9.8 476,341 4.5 N/A N/A Tier 1 capital / % of risk-weighted assets Bank 1,331,676 12.6 634,890 6.0 846,520 8.0 Consolidated Company 1,158,455 10.9 635,122 6.0 N/A N/A Total capital / % of risk-weighted assets Bank 1,406,581 13.3 846,520 8.0 1,058,151 10.0 Consolidated Company 1,433,361 13.5 846,829 8.0 N/A N/A (1) In accordance with the Basel III rules .

CONDENSED HOLDING COMPANY ONLY

CONDENSED HOLDING COMPANY ONLY FINANCIAL STATEMENTS	12 Months Ended
CONDENSED HOLDING COMPANY ONLY FINANCIAL STATEMENTS	Dec. 31, 2024
CONDENSED HOLDING COMPANY ONLY FINANCIAL STATEMENTS
CONDENSED HOLDING COMPANY ONLY FINANCIAL STATEMENTS	23. CONDENSED HOLDING COMPANY ONLY FINANCIAL STATEMENTS The following statements of financial condition as of December 31, 2024 and 2023, and the related statements of operations and cash flows for the years ended December 31, 2024, 2023 and 2022, reflect the Holding Company’s investment in its wholly-owned subsidiary, the Bank, using, as deemed appropriate, the equity method of accounting: DIME COMMUNITY BANCSHARES, INC. CONDENSED STATEMENTS OF FINANCIAL CONDITION December 31, (In thousands) 2024 2023 ASSETS: Cash and due from banks $ 95,528 $ 35,114 Securities available-for-sale, at fair value 2,850 2,693 Investment in subsidiaries 1,578,643 1,395,526 Other assets 6,180 4,401 Total assets $ 1,683,201 $ 1,437,734 LIABILITIES AND STOCKHOLDERS’ EQUITY: Subordinated debt, net $ 272,325 $ 200,196 Other liabilities 14,359 11,313 Stockholders’ equity 1,396,517 1,226,225 Total liabilities and stockholders’ equity $ 1,683,201 $ 1,437,734 DIME COMMUNITY BANCSHARES, INC. CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (1) Year Ended December 31, (In thousands) 2024 2023 2022 Net interest loss $ (13,501) $ (9,942) $ (10,394) Dividends received from Bank 50,000 60,000 95,000 Non-interest expense (1,115) (1,066) (1,720) Income before income taxes and equity in undistributed earnings of direct subsidiaries 35,384 48,992 82,886 Income tax credit 5,308 7,822 4,001 Income before equity in undistributed earnings of direct subsidiaries 40,692 56,814 86,887 Equity in undistributed earnings of subsidiaries (11,608) 39,280 65,669 Net income $ 29,084 $ 96,094 $ 152,556 (1) Comprehensive income for the Holding Company approximated comprehensive income for the consolidated Company during the years ended December 31, 2024, 2023 and 2022. DIME COMMUNITY BANCSHARES, INC. CONDENSED STATEMENTS OF CASH FLOWS Year Ended December 31, (In thousands) 2024 2023 2022 Cash flows from operating activities: Net income $ 29,084 $ 96,094 $ 152,556 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of direct subsidiaries 11,608 (39,280) (65,669) Net amortization (accretion) 45 (87) (111) Loss on extinguishment of debt — — 740 Increase in other assets (1,863) (62) (104) Increase (decrease) in other liabilities 803 (931) (1,096) Net cash provided by operating activities 39,677 55,734 86,316 Cash flows from investing activities: Net cash provided by investing activities — — — Cash flows from financing activities: Proceeds from subordinated debentures issuance, net 72,084 — 157,559 Redemption of subordinated debentures — — (155,000) Proceeds from common stock issuance, net 135,764 — — Release of stock for benefit plan awards 1,105 1,164 1,167 Payments related to tax withholding for equity awards (1,347) (1,258) (1,558) Treasury shares repurchased — (947) (46,762) Cash dividends paid to preferred stockholders (7,286) (7,286) (7,286) Cash dividends paid to common stockholders (38,036) (37,302) (36,791) Other, net (141,547) — — Net cash provided by (used in) financing activities 20,737 (45,629) (88,671) Net increase (decrease) in cash and due from banks 60,414 10,105 (2,355) Cash and due from banks, beginning of period 35,114 25,009 27,364 Cash and due from banks, end of period $ 95,528 $ 35,114 $ 25,009

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
SEGMENT INFORMATION	Dec. 31, 2024
SEGMENT INFORMATION
SEGMENT INFORMATION	4 24. SEGMENT INFORMATION The Chief Executive Officer, who is designated as the chief operating decision maker (“CODM”), determines the Company’s reportable segment. The Chief Executive Officer along with others in the Company’s executive management evaluates performance and allocates resources based upon analysis of the Company as one operating segment or unit. The activities of the Company comprise one reportable segment, "Community Banking." All of the Company’s activities are interrelated, and each activity is dependent and assessed based on the manner in which it supports the other activities of the Company. All the consolidated assets are attributable to the Community Banking segment. The accounting policies of the Community Banking segment are the same as those described in the Note 1 “Summary of Significant Accounting Policies.” The Company provides a range of community banking services, including commercial and consumer lending, personal and business banking, treasury management and merchant services, and other financial services primarily to individuals, businesses, and municipalities in the Greater Long Island area. The CODM is provided with the Company’s consolidated statements of financial condition and operations and evaluates the Company’s operating results based on consolidated net interest income, non-interest income, non-interest expense, and net income, which can be seen on the consolidated statement of operations. These results are used to benchmark the Company against its competitors. Other significant non-cash items assessed by the CODM are depreciation, amortization and provision for credit losses consistent with the reporting on the consolidated statements of cash flows. Expenditures for long-lived assets are also evaluated and are consistent with the reporting on the consolidated statements of cash flows. Strategic plans and budget to actual monitoring are evaluated as one reportable segment. The actual results are used in assessing performance of the segment and in establishing management’s compensation. All revenues are derived from banking operations within the United States, and for the years ended December 31, 2024, 2023 and 2022, there was no customer that accounted for more than 10% of the Company's consolidated revenue.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 29,084	$ 96,094	$ 152,556

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 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

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Overview ● The Bank maintains comprehensive information technology and cybersecurity programs which encompass policies, procedures, assessments, monitoring, response plans, and testing to ensure technical, administrative, and physical controls are effective. ● The Bank’s Cybersecurity Incident Response and Business Continuity Programs are inclusive of cyber resiliency, business continuity and disaster recovery strategies to help mitigate the impact of a cybersecurity incident across all business lines. Management Role and Board Oversight . ● The cybersecurity program is overseen by the Chief Information Security Officer (“CISO”) reporting to the Chief Risk Officer (“CRO”); the Enterprise Risk Management Committee , which consists of the CEO, CFO, and CTO among others; and the Enterprise Risk Committee of the Board of Directors, which consists of three independent directors . Our Board of Directors includes members who have expertise in cybersecurity, data privacy law, fraud and risk management. Cybersecurity risks are primarily assessed, monitored, and remediated by the CISO, who has extensive experience in the Information Technology and cybersecurity fields and maintains advanced cybersecurity centric certifications. The CISO’s extensive knowledge and experience in the cybersecurity field are critical to executing our cybersecurity program. Our CISO oversees proactive initiatives, remediation plans of known risks, compliance with regulations and standards, Disaster Recovery, Business Continuity, and Incident Response efforts. Additionally, the Bank’s Risk Management function is led by the CRO, who has extensive experience in risk management and audit . The cybersecurity program includes a cross-sectional team of internal and external Information Security professionals, all of which are provided with relevant training and are required to maintain industry accredited certifications. Our Incident Response Team is chaired by our CISO and is comprised of executive management and designated managers throughout the organization. The purpose of the Incident Response Plan is to manage Information Security, and related incidents, efficiently and effectively to minimize loss and destruction, mitigate weaknesses, restore services, and notify customers, as required by state law, comply with regulatory requirements, and any third-party contractual obligations. ● The CISO and CRO play a pivotal role in informing the Board of all cybersecurity risks. These positions provide comprehensive updates to the Enterprise Risk Committee of the Board, at least quarterly. The briefings combine a range of updates, including the cybersecurity program, emerging risks, status of operational changes, status of regulatory compliance, and risk reporting. Managing Material Risks & Integrated Overall Risk Management ● The Bank maintains documented processes, procedures, and controls for assessing, identifying, and managing material risks from cybersecurity threats . Cybersecurity threats are identified utilizing risk assessments, detection tools, information gathering and performing internal, external, and third-party contracted security assessments. Cybersecurity Threats ● To assess and manage cybersecurity threats from material risks, the Bank maintains an Incident Response Team comprised of members from the major business areas in the Bank to ensure appropriate subject matter experts are represented. All cybersecurity events include a determination of whether the incident has materially affected or is reasonably likely to materially affect the Bank’s business strategy, results of operations, or financial condition by following implemented processes. ● The Bank has not identified any cybersecurity threats that have materially affected operations or financial position . Oversee Third-Party Risk ● The Bank has processes to oversee and identify material risks from reported cybersecurity threats from any third-party service providers or vendors . The Bank’s Third-Party Risk Management Program requires an initial due diligence, on-going monitoring, and annual recertification of third-party cybersecurity controls. Cybersecurity Risks ● The Bank considers Cybersecurity Risks as part of our strategic planning process. Management and the Board of Directors acknowledge that technology systems, managed both by the Bank and third-party service providers, are critical to business operations and therefore require appropriate risk management. Engagement With Third-Parties on Risk Management ● Cybersecurity is part of the Bank’s overall risk management program, which is supported through the use of consultants, auditors and other third-parties who assist with reviewing and validating the effectiveness of cybersecurity controls. Internal Audit actively participates and engages with those managing the cybersecurity program to validate the effectiveness of implemented safeguards. External audit results are reviewed and reported on in our annual filing. Additionally, the Bank is a regulated entity and undergoes regulatory reviews to ensure it remains in compliance with all appropriate standards.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	Managing Material Risks & Integrated Overall Risk Management ● The Bank maintains documented processes, procedures, and controls for assessing, identifying, and managing material risks from cybersecurity threats . Cybersecurity threats are identified utilizing risk assessments, detection tools, information gathering and performing internal, external, and third-party contracted security assessments. Cybersecurity Threats ● To assess and manage cybersecurity threats from material risks, the Bank maintains an Incident Response Team comprised of members from the major business areas in the Bank to ensure appropriate subject matter experts are represented. All cybersecurity events include a determination of whether the incident has materially affected or is reasonably likely to materially affect the Bank’s business strategy, results of operations, or financial condition by following implemented processes. ● The Bank has not identified any cybersecurity threats that have materially affected operations or financial position . Oversee Third-Party Risk ● The Bank has processes to oversee and identify material risks from reported cybersecurity threats from any third-party service providers or vendors . The Bank’s Third-Party Risk Management Program requires an initial due diligence, on-going monitoring, and annual recertification of third-party cybersecurity controls. Cybersecurity Risks ● The Bank considers Cybersecurity Risks as part of our strategic planning process. Management and the Board of Directors acknowledge that technology systems, managed both by the Bank and third-party service providers, are critical to business operations and therefore require appropriate risk management. Engagement With Third-Parties on Risk Management ● Cybersecurity is part of the Bank’s overall risk management program, which is supported through the use of consultants, auditors and other third-parties who assist with reviewing and validating the effectiveness of cybersecurity controls. Internal Audit actively participates and engages with those managing the cybersecurity program to validate the effectiveness of implemented safeguards. External audit results are reviewed and reported on in our annual filing. Additionally, the Bank is a regulated entity and undergoes regulatory reviews to ensure it remains in compliance with all appropriate standards.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	The cybersecurity program is overseen by the Chief Information Security Officer (“CISO”) reporting to the Chief Risk Officer (“CRO”); the Enterprise Risk Management Committee , which consists of the CEO, CFO, and CTO among others; and the Enterprise Risk Committee of the Board of Directors, which consists of three independent directors
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Enterprise Risk Committee
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	● The CISO and CRO play a pivotal role in informing the Board of all cybersecurity risks. These positions provide comprehensive updates to the Enterprise Risk Committee of the Board, at least quarterly. The briefings combine a range of updates, including the cybersecurity program, emerging risks, status of operational changes, status of regulatory compliance, and risk reporting.
Cybersecurity Risk Role of Management [Text Block]	Our CISO oversees proactive initiatives, remediation plans of known risks, compliance with regulations and standards, Disaster Recovery, Business Continuity, and Incident Response efforts. Additionally, the Bank’s Risk Management function is led by the CRO, who has extensive experience in risk management and audit
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Chief Information Security Officer
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Cybersecurity risks are primarily assessed, monitored, and remediated by the CISO, who has extensive experience in the Information Technology and cybersecurity fields and maintains advanced cybersecurity centric certifications. The CISO’s extensive knowledge and experience in the cybersecurity field are critical to executing our cybersecurity program.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	Our Incident Response Team is chaired by our CISO and is comprised of executive management and designated managers throughout the organization. The purpose of the Incident Response Plan is to manage Information Security, and related incidents, efficiently and effectively to minimize loss and destruction, mitigate weaknesses, restore services, and notify customers, as required by state law, comply with regulatory requirements, and any third-party contractual obligations.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Dec. 31, 2024
SUMMARY OF ACCOUNTING POLICIES
Nature of Operations and Principles of Consolidation	Nature of Operations and Principles of Consolidation The audited consolidated financial statements presented in this Annual Report on Form 10-K 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.” As of December 31, 2024, we operated 62 branch locations throughout Long Island and the New York City boroughs of Brooklyn, Queens, Manhattan, Staten Island and the Bronx, and Westchester County. The Company is a bank holding company engaged in commercial banking and financial services through its wholly-owned subsidiary, Dime Community 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 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. The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and general practices within the financial institution industry. The accompanying consolidated financial statements include the accounts of the Holding Company and the Bank and its subsidiaries. Inter-company accounts and transactions have been eliminated in consolidation. The following is a description of the significant accounting policies that the Company follows in preparing its consolidated financial statements.
Use of Estimates	Use of Estimates To prepare consolidated financial statements in conformity with GAAP, management makes judgments, estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and actual results could differ.
Cash and Cash Equivalents	Cash and Cash Equivalents -
Securities	Securities Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. The Company has made a policy election to exclude accrued interest from the amortized cost basis of debt securities and report accrued interest separately in accrued interest receivable in the consolidated statements of financial condition. A debt security is placed on non-accrual status at the time any principal or interest payments become more than 90 days delinquent or if full collection of interest or principal becomes uncertain. Accrued interest for a security placed on non-accrual is reversed against interest income. There were no non-accrual debt securities at December 31, 2024 and 2023, and there was no accrued interest related to debt securities reversed against interest income for the year ended December 31, 2024 and 2023. Gains and losses on sales are recorded on the trade date and determined using the specific identification method.
Restricted Stock	Restricted Stock
Loans Held for Sale	Loans Held for Sale -
Loans	Loans Unless otherwise noted, the above policy is applied consistently to all loan segments. Allowance for Credit Losses Allowance for credit losses on held-to-maturity securities For a debt security in the held-to-maturity portfolio that does not share common risk characteristics with any of the pools of debt securities, expected credit loss on each security is individually measured based on net realizable value, or the difference between the discounted value of the expected future cash flows, based on the original effective interest rate, and the recorded amortized cost basis of the security. With respect to certain classes of debt securities, primarily U.S. Treasuries and securities issued by Government Sponsored Entities or agencies, 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. Therefore, for those securities, the Company does not record expected credit losses. Allowance for credit losses on available-for-sale securities Allowance for credit losses on loans held for investment - The Company evaluates its loan pooling methodology at least annually. The Company has identified the following loan pools used to measure the allowance for credit losses as follows: Business loans - One-to-four family residential, including condominium and cooperative apartment loans - Multifamily residential and residential mixed-use loans - Non-owner-occupied commercial real estate loans - Acquisition, development, and construction loans Other loans Loan restructurings Management estimates the allowance for credit losses on each loan pool using relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historically observed credit loss experience of peer banks within our geography provide the basis for the estimation of expected credit losses on similar loan pools. Within the model, assumptions are made in the determination of probability of default, loss given default, reasonable and supportable economic forecasts, prepayment rate, curtailment rate, and recovery lag periods. Statistical regression is utilized to relate historical macro-economic variables to historical credit loss experience of the peer group. These models are then utilized to forecast future expected loan losses based on expected future behavior of the same macro-economic variables. The Company considers qualitative adjustments to expected credit loss estimates for information not already captured in the loss estimation process. These factors include: (1) lending policies and procedures and the experience, ability, and depth of the lending management and other relevant staff; (2) international, national, regional and local economic business conditions and developments that affect the collectability of the portfolio, including the condition of various markets; (3) the nature and volume of the loan portfolio; (4) the volume and severity of past due loans; (5) the quality of our loan review system; (6) the value of underlying collateral for collateralized loans; (7) the existence and effect of any concentrations of credit, and changes in the level of such concentrations; and (8) the effect of external factors such as competition and legal and regulatory requirements on the level of estimated credit losses in the existing portfolio. Individually evaluated loans - The fair value of real estate collateral is determined based on recent appraised values. Appraisals are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Appraisals undergo a second review process to ensure that the methodology employed, and the values derived are reasonable. Generally, collateral values for real estate loans for which measurement of expected losses is dependent on collateral values are updated every twelve months. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation and management’s expertise and knowledge of the borrower and its business. Once the expected credit loss amount is determined, an allowance is provided for equal to the calculated expected credit loss and included in the allowance for credit losses. Pursuant to the Company’s policy, credit losses must be charged-off in the period the loans, or portions thereof, are deemed uncollectable. Allowance for credit losses on off-balance sheet credit exposures For further discussion of our loan accounting, see Note 4 - Loans.
Derivatives	Derivatives the hedged transaction affects earnings. Changes in fair value of the fair value derivative and the hedged item related to the hedged risk are recognized in earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in earnings as non-interest income. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in non-interest income. Cash flows on hedges are classified in the cash flow statement same as the cash flows of the items being hedged. The Company formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking cash flow hedges to specific liabilities on the consolidated statements of financial condition. The Company also formally assesses, both at the hedge’s inception and on an on-going basis, whether the derivative instruments that are used are highly effective in offsetting changes in cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in cash flows of the hedged item, or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as non-interest income. When a cash flow hedge is discontinued but the hedged cash flows are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transaction will affect earnings. The Company is exposed to losses if a counterparty fails to make its payments under a contract in which the Company is in the net receiving position. The Company anticipates that the counterparties will be able to fully satisfy their obligations under the agreements. All the contracts to which the Company is a party settle monthly. In addition, the Company obtains collateral above certain thresholds of the fair value of its hedges from each counterparty based upon their credit standing and the Company has netting agreements with the dealers with which it does business.
Other Real Estate Owned ('OREO")	Other Real Estate Owned (“OREO”)
Premises and Fixed Assets, Net	Premises and Fixed Assets, Net forty three
Leases	Leases – The Company made a policy election to exclude the recognition requirements of ASC 2016-02 on short-term leases with original terms of 12 months or less. Short-term lease payments are recognized in the Company’s consolidated statements of operations on a straight-line basis over the lease term. Certain leases may include one or more options to renew. The exercise of lease renewal options is typically at the Company’s discretion, and are included in the operating lease liability if it is reasonably certain that the renewal option will be exercised. Certain real estate leases may contain lease and non-lease components, such as common area maintenance charges, real estate taxes, and insurance, which are generally accounted for separately and are not included in the measurement of the lease liability since they are generally able to be segregated. Lease expenses are included in occupancy and equipment on the Company’s consolidated statements of operations. The Company does not sublease any of its leased properties and does not lease properties from any related parties. Disclosures about the Company’s leasing activities are presented in Note 7.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Other intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Core deposit intangible assets are amortized on an accelerated method over their estimated useful lives of ten years.
Servicing Right Assets ("SRAs")	Servicing Right Assets (“SRAs”) - i.e.,
Transfers of Financial Assets	Transfers of Financial Assets -
Bank Owned Life Insurance ("BOLI")	Bank Owned Life Insurance (“BOLI”)
Income Taxes	Income Taxes - A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not satisfying the "more likely than not" test, no tax benefit is recorded. The Company recognizes interest and/or penalties related to tax matters in income tax expense. The Company had no unrecognized tax positions at December 31, 2024 or 2023.
Employee Benefits	Employee Benefits - benefit cost for the next fiscal year that arise from delayed recognition of the gains or losses, prior service costs or credits, and transition asset or obligation. The Company provides a 401(k) plan, which covers substantially all current employees. Newly hired employees are automatically enrolled in the plan on the 60 th The Holding Company and Bank maintain the Dime Community Bancshares, Inc. 2021 Equity Incentive Plan (the “2021 Equity Incentive Plan”), the Dime Community Bancshares, Inc. 2019 Equity Incentive Plan, (the “2019 Equity Incentive Plan”), and the 2012 Stock-Based Compensation Plan (the “2012 Equity Incentive Plan”), (collectively the “Stock Plans”); which are discussed more fully in Note 17 Stock-Based Compensation. Under the Stock Plans, compensation cost is recognized for stock options and restricted stock awards issued to employees based on the fair value of the awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Holding Company’s common stock (“Common Stock”) at the date of grant is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award.
Basic and Diluted EPS	Basic and Diluted EPS -
Comprehensive Income	Comprehensive Income
Disclosures about Segments of an Enterprise and Related Information	Disclosures about Segments of an Enterprise and Related Information For the years ended December 31, 2024, 2023 and 2022, there was no customer that accounted for more than 10% of the Company's consolidated revenue.
Reclassifications	Reclassifications
Adoption of Recent Accounting Standards	Adoption of New Accounting Standards Standards Adopted in 2024 ASU 2023-07, Segment Reporting - Improvements to Reportable Segment Disclosures (Topic 280) The Financial Accounting Standards Board issued Accounting Standards Update 2023-07 to improve reportable segment disclosures by requiring public business entities to disclose significant expense categories and amounts for each reportable segment, where significant expense categories are defined as those that are regularly reported to an entity’s chief operating decision-maker and included in a segment’s reported measures of profit or loss. ASU 2023-07 became effective for the Company on January 1, 2024. The adoption of ASU 2023-07 did not have a material effect on the Company’s consolidated financial statements. Standards That Have Not Yet Been Adopted ASU No. 2023-09—Income Taxes (Topic 740)—Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU No. 2023-09—Income Taxes (Topic 740)—Improvements to Income Tax Disclosures, intended to enhance the transparency of income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. Specifically, the amendments in this ASU require disclosure of: (i) a tabular reconciliation, using both percentages and reporting currency amounts, with prescribed categories that are required to be disclosed, and the separate disclosure and disaggregation of prescribed reconciling items with an effect equal to 5% or more of the amount determined by multiplying pretax income from continuing operations by the applicable statutory rate; (ii) a qualitative description of the states and local jurisdictions that make up the majority (greater than 50%) of the effect of the state and local income taxes; and (iii) amount of income taxes paid, net of refunds received, disaggregated by federal, state, and foreign taxes and by individual jurisdictions that comprise 5% or more of total income taxes paid, net of refunds received. The ASU also includes other amendments to improve the effectiveness of income tax disclosures. The update is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The transition method is prospective with retrospective method permitted. The adoption of ASU 2023-09 will not have a material impact on the Company's income tax disclosures.

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	12 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	Dec. 31, 2024
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Schedule of activity in accumulated other comprehensive income (loss), net of tax	Total Accumulated Securities Defined Other Available- Benefit Comprehensive (In thousands) for-Sale Plans Derivatives Loss Balance as of January 1, 2023 $ (100,870) $ (5,266) $ 11,757 $ (94,379) Other comprehensive income (loss) before reclassifications 7,498 (109) (8,091) (702) Amounts reclassified from accumulated other comprehensive income (loss) 3,130 (1,055) 1,427 3,502 Net other comprehensive income (loss) during the period 10,628 (1,164) (6,664) 2,800 Balance as of December 31, 2023 $ (90,242) $ (6,430) $ 5,093 $ (91,579) Other comprehensive income (loss) before reclassifications 14,703 (1,087) (5,782) 7,834 Amounts reclassified from accumulated other comprehensive income 31,772 18 6,937 38,727 Net other comprehensive income (loss) during the period 46,475 (1,069) 1,155 46,561 Balance as of December 31, 2024 $ (43,767) $ (7,499) $ 6,248 $ (45,018)
Schedule of before and after tax amounts allocated to each component of other comprehensive income (loss)	Year Ended December 31, (In thousands) 2024 2023 2022 Change in unrealized gain (loss) on securities: Change in net unrealized gain (loss) during the period $ 23,218 $ 10,355 $ (138,630) Reclassification adjustment for net losses included in net loss on sale of securities and other assets 42,810 1,447 — Accretion of net unrealized loss on securities transferred to held-to-maturity 3,028 3,142 2,953 Net change 69,056 14,944 (135,677) Tax expense (benefit) 22,581 4,316 (42,671) Net change in unrealized gain (loss) on securities, net of reclassification adjustments and tax 46,475 10,628 (93,006) Change in pension and other postretirement obligations: Reclassification adjustment for expense included in other expense 26 (1,547) (3,715) Change in the net actuarial gain (1,426) (190) (2,062) Net change (1,400) (1,737) (5,777) Tax benefit (331) (573) (1,817) Net change in pension and other postretirement obligations (1,069) (1,164) (3,960) Change in unrealized gain (loss) on derivatives: Change in net unrealized (loss) gain during the period (8,453) (11,782) 14,412 Reclassification adjustment for expense included in interest expense 10,008 2,092 (1,621) Net change 1,555 (9,690) 12,791 Tax expense (benefit) 400 (3,026) 4,023 Net change in unrealized gain (loss) on derivatives, net of reclassification adjustments and tax 1,155 (6,664) 8,768 Other comprehensive income (loss), net of tax $ 46,561 $ 2,800 $ (88,198)

SECURITIES (Tables)

SECURITIES (Tables)	12 Months Ended
SECURITIES (Tables)	Dec. 31, 2024
SECURITIES
Schedule of major categories of securities owned by entity	December 31, 2024 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value Securities available-for-sale: Agency notes $ 10,000 — (393) $ 9,607 Treasury securities — — — — Corporate securities 173,972 755 (10,778) 163,949 Pass-through mortgage-backed securities ("MBS") issued by government sponsored entities ("GSEs") 303,303 30 (3,112) 300,221 Agency CMOs 220,314 16 (28,442) 191,888 State and municipal obligations 26,545 — (1,517) 25,028 Total securities available-for-sale $ 734,134 $ 801 $ (44,242) $ 690,693 December 31, 2024 Gross Gross Amortized Unrecognized Unrecognized Fair (In thousands) Cost Gains Losses Value Securities held-to-maturity: Agency notes $ 89,977 $ — $ (10,961) $ 79,016 Corporate securities 13,000 140 (855) 12,285 Pass-through MBS issued by GSEs 298,697 — (43,716) 254,981 Agency CMOs 235,665 29 (29,699) 205,995 Total securities held-to-maturity $ 637,339 $ 169 $ (85,231) $ 552,277 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
Amortized cost and fair value of securities are shown by contractual maturity	December 31, 2024 Amortized Fair (In thousands) Cost Value Available-for-sale Within one year $ 6,717 $ 6,597 One to five years 54,401 50,984 Five to ten years 149,399 141,003 Beyond ten years — — Pass-through MBS issued by GSEs and agency CMOs 523,617 492,109 Total $ 734,134 $ 690,693 Held-to-maturity Within one year $ — $ — One to five years 19,829 18,598 Five to ten years 83,148 72,703 Beyond ten years — — Pass-through MBS issued by GSEs and agency CMOs 534,362 460,976 Total $ 637,339 $ 552,277
Summary of sale of available-for-sale securities	Year Ended December 31, (In thousands) 2024 2023 2022 Securities available-for-sale Proceeds $ 379,053 $ 77,804 $ — Gross gains — 130 — Tax expense on gains — 39 — Gross losses 42,810 1,577 — Tax benefit on losses 13,139 467 —
Schedule of gross unrealized losses and fair value of investment securities	December 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 $ — $ — $ 9,607 $ 393 $ 9,607 $ 393 Corporate securities 2,925 16 141,124 10,762 144,049 10,778 Pass-through MBS issued by GSEs 289,095 2,170 6,119 942 295,214 3,112 Agency CMOs 32,101 357 154,770 28,085 186,871 28,442 State and municipal obligations 3,469 31 21,559 1,486 25,028 1,517 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)	12 Months Ended
LOANS HELD FOR INVESTMENT, NET (Tables)	Dec. 31, 2024
LOANS HELD FOR INVESTMENT, NET
Schedule of loan categories	(In thousands) December 31, 2024 December 31, 2023 Business loans (1) $ 2,725,726 $ 2,308,171 One-to-four family residential and cooperative/condominium apartment 951,528 887,555 Multifamily residential and residential mixed-use 3,820,283 4,017,176 Non-owner-occupied commercial real estate 3,230,535 3,379,667 Acquisition, development, and construction ("ADC") 136,172 168,513 Other loans 5,084 5,755 Total 10,869,328 10,766,837 Fair value hedge basis point adjustments (2) 2,615 6,591 Total loans, net of fair value hedge basis point adjustments 10,871,943 10,773,428 Allowance for credit losses (88,751) (71,743) Loans held for investment, net $ 10,783,192 $ 10,701,685 (1) Business loans include C&I loans, owner-occupied commercial real estate loans and PPP loans. (2) The 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	One-to-Four Family Multifamily Residential and Residential Non-Owner Cooperative/ and Occupied Business Condominium Residential Commercial Other (In thousands) Loans Apartment Mixed-Use Real Estate ADC Loans Total Beginning balance as of January 1, 2022 62,366 5,932 7,816 2,131 4,857 751 83,853 (Credit) provision for credit losses (8,073) 37 542 17,968 (3,134) (430) 6,910 Charge-offs (11,401) — — — — (53) (11,454) Recoveries 4,137 — 2 54 — 5 4,198 Ending balance as of December 31, 2022 $ 47,029 $ 5,969 $ 8,360 $ 20,153 $ 1,723 $ 273 $ 83,507 Provision (credit) for credit losses 3,273 858 (1,121) (530) 266 129 2,875 Charge-offs (15,364) (14) (2) — — (300) (15,680) Recoveries 1,024 — — — — 17 1,041 Ending balance as of December 31, 2023 $ 35,962 $ 6,813 $ 7,237 $ 19,623 $ 1,989 $ 119 $ 71,743 Provision for credit losses 14,435 2,688 9,385 9,176 334 179 36,197 Charge-offs (8,051) — (4,677) (6,926) — (110) (19,764) Recoveries 552 — 1 3 — 19 575 Ending balance as of December 31, 2024 $ 42,898 $ 9,501 $ 11,946 $ 21,876 $ 2,323 $ 207 $ 88,751
Schedule of financing receivable, nonaccrual	December 31, 2024 Non-accrual with Non-accrual with Related (In thousands) No Allowance Allowance Allowance Business loans $ 5,196 $ 17,428 $ 15,810 One-to-four family residential and cooperative/condominium apartment — 3,213 31 Non-owner-occupied commercial real estate 16,456 6,504 432 ADC — 657 287 Other loans — 25 25 Total $ 21,652 $ 27,827 $ 16,585 December 31, 2023 Non-accrual with Non-accrual with Related (In thousands) No Allowance Allowance Allowance Business loans $ 3,780 $ 14,794 $ 13,228 One-to-four family residential and cooperative/condominium apartment — 3,248 133 Non-owner-occupied commercial real estate — 6,620 636 ADC — 657 205 Total $ 3,780 $ 25,319 $ 14,202
Schedule of past due financing receivables	December 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 $ 3,385 $ 2,441 $ — $ 22,624 $ 28,450 $ 2,697,276 $ 2,725,726 One-to-four family residential, including condominium and cooperative apartment 1,919 1,271 — 3,213 6,403 945,125 951,528 Multifamily residential and residential mixed-use 3,759 27,601 — — 31,360 3,788,923 3,820,283 Non-owner-occupied commercial real estate 1,265 — — 22,960 24,225 3,206,310 3,230,535 ADC — — — 657 657 135,515 136,172 Other loans 2 — — 25 27 5,057 5,084 Total $ 10,330 $ 31,313 $ — $ 49,479 $ 91,122 $ 10,778,206 $ 10,869,328 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	December 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 $ 9,290 $ 1,408 $ 3,742 $ — Non-owner-occupied commercial real estate 22,944 416 6,605 621 ADC 657 287 657 305 Total $ 32,891 $ 2,111 $ 11,004 $ 926
Schedule of Related Party Loans	Year Ended December 31, (In thousands) 2024 2023 Beginning balance $ 4,922 $ 4,956 New loans 8 531 Effect of changes in composition of related parties (1,146) — Repayments (39) (565) Balance at end of period $ 3,745 $ 4,922
Schedule of amortized cost basis of loans modified to borrowers	For the Year Ended December 31, 2024 Significant Payment Significant Delay, Term Payment Term Term Extension Delay Extension Extension % of and and and and Total Significant Significant Interest Interest Interest Class of Term Payment Payment Rate Rate Rate Financing (Dollars in thousands) Extension Delay Delay Reduction Reduction Reduction Total Receivable Business loans $ 19,668 $ 182 $ 187 $ 27 $ — $ — $ 20,064 0.7 % One-to-four family residential, including condominium and cooperative apartment — — — — 896 — 896 0.1 Multifamily residential and residential mixed-use — 34,087 — — — — 34,087 0.9 Non-owner-occupied commercial real estate — 31,102 — — — — 31,102 1.0 Total $ 19,668 $ 65,371 $ 187 $ 27 $ 896 $ — $ 86,149 0.8 % For the Year Ended December 31, 2023 Significant Payment Significant Delay, Term Payment Term Term Extension Delay Extension Extension % of and and and and Total Significant Significant Interest Interest Interest Class of Term Payment Payment Rate Rate Rate Financing (Dollars in thousands) Extension Delay Delay Reduction Reduction Reduction Total Receivable Business loans $ 1,789 $ 12,020 $ 520 $ 298 $ — $ — $ 14,627 0.6 % One-to-four family residential, including condominium and cooperative apartment — 2,856 92 — — — 2,948 0.3 Non-owner-occupied commercial real estate — 24,706 — — — — 24,706 0.7 Total $ 1,789 $ 39,582 $ 612 $ 298 $ — $ — $ 42,281 0.4 %
Schedule of financial effect of loans modified to borrowers	For the Year Ended December 31, 2024 Weighted Average Weighted Average Interest Rate Months of Weighted Average (Dollars in thousands) Reductions Term Extensions Payment Delay Business loans 5.00 % 8 $ 59 One-to-four family residential, including condominium and cooperative apartment 1.00 231 — Multifamily residential and residential mixed-use — — 256 Non-owner-occupied commercial real estate — — 560 For the Year Ended December 31, 2023 Weighted Average Weighted Average Interest Rate Months of Weighted Average (Dollars in thousands) Reductions Term Extensions Payment Delay Business loans 4.27 % 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	December 31, 2024 30-59 60-89 90+ (In thousands) Current Days Past Due Days Past Due Days Past Due Non-Accrual Total Business loans $ 19,668 $ 129 $ — $ — $ 267 $ 20,064 One-to-four family residential, including condominium and cooperative apartment — — — — 896 896 Multifamily residential and residential mixed-use 6,486 — 27,601 — — 34,087 Non-owner-occupied commercial real estate 31,102 — — — — 31,102 Total $ 57,256 $ 129 $ 27,601 $ — $ 1,163 $ 86,149 December 31, 2023 30-59 60-89 90+ (In thousands) Current Days Past Due Days Past Due Days Past Due Non-Accrual Total Business loans $ 12,496 $ — $ — $ — $ 2,131 $ 14,627 One-to-four family residential, including condominium and cooperative apartment 2,856 — — — 92 2,948 Non-owner-occupied commercial real estate 24,706 — — — — 24,706 Total $ 40,058 $ — $ — $ — $ 2,223 $ 42,281
Schedule of Credit risk profile of the real estate loans	December 31, 2024 (In thousands) 2024 2023 2022 2021 2020 2019 and Prior Revolving Revolving-Term Total Business loans Pass $ 400,607 $ 232,017 $ 327,174 $ 201,799 $ 164,834 $ 348,388 $ 828,287 $ 67,238 $ 2,570,344 Special mention 135 754 36,740 4,220 4,333 17,226 26,292 14,497 104,197 Substandard — 398 1,985 2,482 3,944 11,298 — 30,467 50,574 Doubtful — — — — — 611 — — 611 Total business loans 400,742 233,169 365,899 208,501 173,111 377,523 854,579 112,202 2,725,726 YTD Gross Charge-Offs — — 158 166 267 586 89 6,785 8,051 One-to-four family residential, and condominium/cooperative apartment: Pass 134,804 159,300 202,706 98,491 63,093 247,952 26,724 8,364 941,434 Special mention — — — — — 711 159 — 870 Substandard — — — — 984 7,326 — 914 9,224 Doubtful — — — — — — — — — Total one-to-four family residential, and condominium/cooperative apartment 134,804 159,300 202,706 98,491 64,077 255,989 26,883 9,278 951,528 YTD Gross Charge-Offs — — — — — — — — — Multifamily residential and residential mixed-use: Pass 21,810 252,975 1,285,619 560,039 286,653 1,239,261 4,285 4,267 3,654,909 Special mention — — 1,202 12,369 14,172 73,778 — — 101,521 Substandard — — — — — 63,853 — — 63,853 Doubtful — — — — — — — — — Total multifamily residential and residential mixed-use 21,810 252,975 1,286,821 572,408 300,825 1,376,892 4,285 4,267 3,820,283 YTD Gross Charge-Offs 400 — — — 1,292 2,985 — — 4,677 Non-owner-occupied commercial real estate Pass 57,280 215,279 724,041 601,508 408,361 1,020,137 11,937 8,966 3,047,509 Special mention — — — 658 75,802 29,564 — — 106,024 Substandard — — — 16,471 34,236 26,295 — — 77,002 Doubtful — — — — — — — — — Total non-owner-occupied commercial real estate 57,280 215,279 724,041 618,637 518,399 1,075,996 11,937 8,966 3,230,535 YTD Gross Charge-Offs — — — 2,797 4,033 — — 96 6,926 ADC: Pass 16,154 34,169 25,950 4,810 — 2,468 24,868 12,122 120,541 Special mention — — — 14,974 — — — — 14,974 Substandard — — — — — — — 657 657 Doubtful — — — — — — — — — Total ADC 16,154 34,169 25,950 19,784 — 2,468 24,868 12,779 136,172 YTD Gross Charge-Offs — — — — — — — — — Total: Pass 630,655 893,740 2,565,490 1,466,647 922,941 2,858,206 896,101 100,957 10,334,737 Special mention 135 754 37,942 32,221 94,307 121,279 26,451 14,497 327,586 Substandard — 398 1,985 18,953 39,164 108,772 — 32,038 201,310 Doubtful — — — — — 611 — — 611 Total Loans $ 630,790 $ 894,892 $ 2,605,417 $ 1,517,821 $ 1,056,412 $ 3,088,868 $ 922,552 $ 147,492 $ 10,864,244 YTD Gross Charge-Offs $ 400 $ — $ 158 $ 2,963 $ 5,592 $ 3,571 $ 89 $ 6,881 $ 19,654 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) December 31, 2024 December 31, 2023 Performing $ 5,059 $ 5,755 Non-accrual 25 — Total $ 5,084 $ 5,755

LOAN SERVICING ACTIVITIES (Tabl

LOAN SERVICING ACTIVITIES (Tables)	12 Months Ended
LOAN SERVICING ACTIVITIES (Tables)	Dec. 31, 2024
LOAN SERVICING ACTIVITIES
Summary of servicing rights asset activity	Year Ended December 31, (In thousands) 2024 2023 2022 Servicing right assets: Beginning of year $ 3,168 $ 3,349 $ 3,856 Additions 201 458 659 Amortized to expense (668) (639) (907) Sold — — (259) End of year 2,701 3,168 3,349 Valuation allowance: Beginning of year (237) (201) (80) Additions expensed (45) (36) (121) End of year (282) (237) (201) Servicing right assets, net $ 2,419 $ 2,931 $ 3,148

PREMISES AND FIXED ASSETS, NE_2

PREMISES AND FIXED ASSETS, NET AND PREMISES HELD FOR SALE (Tables)	12 Months Ended
	Dec. 31, 2024
PREMISES AND FIXED ASSETS, NET AND PREMISES HELD FOR SALE
Schedule of components of premises and equipment	December 31, (In thousands) 2024 2023 Land $ 5,808 $ 10,824 Buildings 14,417 21,173 Leasehold improvements 29,817 28,307 Furniture, fixtures and equipment 28,690 25,909 Premises and fixed assets, gross $ 78,732 $ 86,213 Less: accumulated depreciation and amortization (43,874) (41,345) Premises and fixed assets, net $ 34,858 $ 44,868

LEASES (Tables)

LEASES (Tables)	12 Months Ended
LEASES (Tables)	Dec. 31, 2024
LEASES
Summary of maturities of operating lease liabilities	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 December 31, 2024: (In thousands) 2025 $ 13,972 2026 13,374 2027 11,528 2028 5,547 2029 3,029 Thereafter 4,787 Total undiscounted lease payments 52,237 Less amounts representing interest (3,244) Operating lease liabilities $ 48,993
Summary of other information related to operating leases	Year Ended December 31, (In thousands) 2024 2023 2022 Operating lease cost $ 13,712 $ 12,801 $ 11,428 Cash paid for amounts included in the measurement of operating lease liabilities 13,684 12,560 10,574 As of December 31, 2024 As of December 31, 2023 Weighted average remaining lease term 4.4 years 5.0 years Weighted average discount rate 2.72 % 2.34 %

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	Dec. 31, 2024
GOODWILL AND OTHER INTANGIBLE ASSETS
Changes in Goodwill	The following table presents the change in Goodwill for the years ended December 31, 2024, 2023 and 2022: Year Ended December 31, (In thousands) 2024 2023 2022 Beginning of year $ 155,797 $ 155,797 $ 155,797 Impairment - - - End of year $ 155,797 $ 155,797 $ 155,797
Schedule of carrying amount and accumulated amortization of intangible assets	(In thousands) December 31, 2024 December 31, 2023 Gross carrying value $ 10,204 $ 10,204 Accumulated amortization (6,308) (5,145) Net carrying amount $ 3,896 $ 5,059
Schedule of estimated amortization expense	(In thousands) 2025 $ 958 2026 795 2027 664 2028 560 2029 475 Thereafter 444 Total $ 3,896

RESTRICTED STOCK (Tables)

RESTRICTED STOCK (Tables)	12 Months Ended
RESTRICTED STOCK (Tables)	Dec. 31, 2024
RESTRICTED STOCK
Summary of restricted stock	Year Ended December 31, (In thousands) 2024 2023 FHLBNY capital stock $ 41,794 $ 73,475 FRB capital stock 27,147 25,110 ACBB capital stock 165 165 Restricted stock $ 69,106 $ 98,750

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
DEPOSITS (Tables)	Dec. 31, 2024
Deposits.
Summary of deposits	Year Ended December 31, 2024 2023 Weighted Weighted Average Average (Dollars in thousands) Rate Liability Rate Liability Savings (1) 2.98 % $ 1,927,909 3.67 % $ 2,335,490 CDs 3.73 1,069,081 4.43 1,607,683 Money market 3.01 4,198,784 3.46 3,125,996 Interest-bearing checking 1.92 1,079,823 0.77 515,987 Non-interest-bearing checking (1) — 3,410,544 — 2,945,499 Total 2.09 % $ 11,686,141 2.56 % $ 10,530,655 (1) Includes mortgage escrow deposits .
Summary of scheduled maturities of CDs outstanding	Maturing Weighted Average (Dollars in thousands) Balance Interest Rate 2025 $ 873,750 3.91 % 2026 75,616 2.53 2027 12,401 1.44 2028 103,163 3.50 2029 4,139 0.36 2030 and beyond 12 1.34 Total $ 1,069,081 3.73 %

DERIVATIVES AND HEDGING ACTIV_2

DERIVATIVES AND HEDGING ACTIVITIES (Tables)	12 Months Ended
DERIVATIVES AND HEDGING ACTIVITIES (Tables)	Dec. 31, 2024
DERIVATIVES AND HEDGING ACTIVITIES
Schedule of fair value of derivative financial instruments and classification on consolidated statements of financial condition	December 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 $ 8,318 $ 150,000 $ 12,492 Derivatives not designated as hedging instruments: Interest rate products 1,665,949 108,178 1,682,961 114,671 December 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 $ — $ 500,000 $ 6,594 Cash flow hedges - interest rate products 350,000 159 200,000 5,031 Derivatives not designated as hedging instruments: Interest rate products 1,665,949 108,178 1,682,961 114,671 Risk participations 141,080 10 93,891 24
Schedule of fair value and cash flow hedge accounting on the consolidated statements of operations	Year Ended December 31, 2024 2023 Interest Interest Interest Interest (In thousands) Income Expense Income Expense Effects of fair value or cash flow hedges are recorded $ 1,607 $ 10,008 $ 561 2,092 The effects of fair value and cash flow hedging: Gain or (loss) on fair value hedging relationships Interest contracts: Hedged items (3,976) — 6,591 — Derivatives designated as hedging instruments 5,583 — (6,030) — Gain or (loss) on cash flow hedging relationships Interest contracts: Loss reclassified from AOCI into income — 10,008 — 2,092
Schedule of cumulative basis adjustment for fair value hedges	Year Ended December 31, 2024 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 $ 694,774 $ 2,615 $ 736,098 $ 6,591
Schedule of effect of cash flow hedge accounting on accumulated other comprehensive income (loss)	The table below presents the effect of the cash flow hedge accounting on accumulated other comprehensive loss as of December 31, 2024, 2023 and 2022. Year Ended December 31, (In thousands) 2024 2023 2022 (Loss) gain recognized in other comprehensive income (loss) $ (8,453) $ (11,782) $ 14,412 (Loss) gain reclassified from other comprehensive income into interest expense (10,008) (2,092) 1,621
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	December 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 23 $ 321,745 $ 3,704 $ — Loan level interest rate swaps with borrower 202 1,344,204 — 104,474 Loan level interest rate swaps with third-party counterparties 23 321,745 — 3,704 Loan level interest rate swaps with third-party counterparties 202 1,344,204 104,474 — 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	Year Ended December 31, (In thousands) 2024 2023 2022 Loan level derivative income $ 2,114 $ 7,081 $ 3,637

FHLBNY ADVANCES (Tables)

FHLBNY ADVANCES (Tables)	12 Months Ended
FHLBNY ADVANCES (Tables)	Dec. 31, 2024
FHLBNY ADVANCES
Summary of FHLBNY extinguishments	Year Ended December 31, (Dollars in thousands) 2024 2023 2022 FHLBNY advances extinguished $ 1,805,000 $ - $ - Weighted average rate 5.28 % - % - % Loss on extinguishment of debt $ 454 $ - $ -
Schedule of contractual maturities and weighted average interest rates of FHLBNY advances	(Dollars in thousands) December 31, 2024 December 31, 2023 2024, fixed rate at rates from 4.85% to 5.67% — 1,265,000 Overnight, fixed rate at 4.67% 100,000 — 2025, fixed rate at rates from 4.54% to 4.84% 400,000 — 2027, fixed rate at 4.25% 36,000 36,000 2028, fixed rate at 4.04% 12,000 12,000 2029, fixed rate at rates from 3.98% to 4.03% 60,000 — Total FHLBNY advances $ 608,000 $ 1,313,000

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Dec. 31, 2024
INCOME TAXES
Schedule of components of income tax expense	Year Ended December 31, (In thousands) 2024 2023 2022 Current expense Federal $ 20,170 $ 24,469 $ 39,492 State and city 8,479 15,681 17,205 Total current expense 28,649 40,150 56,697 Deferred expense Federal (5,179) 1,393 840 State and city (1,115) (758) 1,822 Total deferred expense (6,294) 635 2,662 Total $ 22,355 $ 40,785 $ 59,359
Schedule of reconciliation of the expected Federal income tax expense at the statutory tax rate to the actual provision	Year Ended December 31, (Dollars in thousands) 2024 2023 2022 Tax at federal statutory rate $ 10,802 $ 28,745 $ 44,502 State and local taxes, net of federal income tax benefit 5,583 12,237 13,699 Benefit plan differences (131) (127) (127) Investment in BOLI (2,179) (2,047) (2,173) Surrender of BOLI 7,415 — — Equity based compensation 200 79 (141) Salaries deduction limitation 653 2,381 2,054 Other, net 12 (483) 1,545 Total $ 22,355 $ 40,785 $ 59,359 Effective tax rate 43.46 % 29.80 % 28.01 %
Schedule of components of deferred tax assets and liabilities	December 31, (In thousands) 2024 2023 Deferred tax assets: Allowance for credit losses and other contingent liabilities $ 29,013 $ 26,926 Tax effect of other components of income on securities available-for-sale 14,251 34,745 Tax effect of other components of income on securities held-to-maturity 6,048 7,216 Operating lease liability 15,034 19,229 Other 3,546 2,603 Total deferred tax assets 67,892 90,719 Deferred tax liabilities: Tax effect of other components of income on derivatives 3,261 2,368 Employee benefit plans 3,259 1,707 Tax effect of purchase accounting fair value adjustments (201) 1,329 Difference in book and tax carrying value of fixed assets 670 2,230 Difference in book and tax basis of unearned loan fees 2,531 3,239 Operating lease asset 14,179 18,266 States taxes — 2,166 Other 951 241 Total deferred tax liabilities 24,650 31,546 Net deferred tax asset (recorded in other assets) $ 43,242 $ 59,173

RETIREMENT AND POSTRETIREMENT_2

RETIREMENT AND POSTRETIREMENT PLANS (Tables)	12 Months Ended
RETIREMENT AND POSTRETIREMENT PLANS (Tables)	Dec. 31, 2024
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure
Schedule of funded status of defined benefit plan	Year Ended December 31, (In thousands) 2024 2023 Reconciliation of projected benefit obligation: Projected benefit obligation at beginning of year $ 18,721 $ 19,021 Interest cost 847 900 Actuarial (gain) loss (1,101) 384 Benefit payments (1,649) (1,584) Projected benefit obligation at end of year 16,818 18,721 Plan assets at fair value (investments in trust funds managed by trustee) Balance at beginning of year 21,303 22,593 Return on plan assets (448) 294 Benefit payments (1,649) (1,584) Balance at end of year 19,206 21,303 Funded status at end of year $ 2,388 $ 2,582
Schedule of components of net periodic (credit) benefit cost included in other non-interest expense	Year Ended December 31, (In thousands) 2024 2023 2022 Interest cost $ 847 $ 900 $ 622 Expected return on plan assets (1,429) (1,521) (1,949) Amortization of unrealized loss 854 572 261 Net periodic benefit (credit) cost $ 272 $ (49) $ (1,066)
Schedule of change in accumulated other comprehensive loss	Year Ended December 31, (In thousands) 2024 2023 Balance at beginning of period $ (6,363) $ (5,323) Amortization of unrealized loss 854 572 Loss recognized during the year (776) (1,612) Balance at the end of the period $ (6,285) $ (6,363) Period end component of accumulated other comprehensive loss, net of tax $ 4,356 $ 4,343
Schedule of major assumptions utilized to determine the net periodic cost of Plan benefit obligations	At or for the Year Ended December 31, 2024 2023 2022 Discount rate used for net periodic benefit cost 4.70 % 4.90 % 2.55 % Discount rate used to determine benefit obligation at period end 5.40 4.70 4.90 Expected long-term return on plan assets used for net periodic benefit cost 7.00 7.00 7.00 Expected long-term return on plan assets used to determine benefit obligation at period end 7.00 7.00 7.00
Summary of plan asset allocation by asset category	December 31, 2024 2023 Asset category: Debt securities 99 % 100 % Cash equivalents 1 — Total 100 % 100 %
Summary of fair values of the plan assets	December 31, 2024 Fair Value Measurements Using: Quoted Prices in Significant Active Markets for Other Significant Identical Observable Unobservable (In thousands) Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Total Description: Cash and cash equivalents $ — $ 136 $ — $ 136 Fixed income securities: Government 19,070 — — 19,070 Total Plan Assets $ 19,070 $ 136 $ — $ 19,206 December 31, 2023 Fair Value Measurements Using: Quoted Prices in Significant Active Markets for Other Significant Identical Observable Unobservable (In thousands) Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Total Description: Cash and cash equivalents $ — $ 58 $ — $ 58 Fixed income securities: Government 21,245 — — 21,245 Total Plan Assets $ 21,245 $ 58 $ — $ 21,303
Schedule of expected benefit payments maturities	(In thousands) 2025 $ 1,502 2026 1,462 2027 1,431 2028 1,393 2029 1,353 2030 to 2034 6,514
Pension Plan [Member]
Defined Benefit Plan Disclosure
Schedule of funded status of defined benefit plan	Year Ended December 31, (In thousands) 2024 2023 Reconciliation of projected benefit obligation: Projected benefit obligation at beginning of year $ 27,282 $ 27,920 Service cost — 564 Interest cost 1,265 1,263 Actuarial gain (1,575) (883) Curtailment — (446) Impact of settlement (5,481) — Benefit payments (1,040) (1,136) Projected benefit obligation at end of year 20,451 27,282 Plan assets at fair value (investments in trust funds managed by trustee) Balance at beginning of year 38,170 38,572 Return on plan assets (1,542) 734 Impact of settlement (5,481) — Benefit payments (1,040) (1,136) Balance at end of year 30,107 38,170 Funded status at end of year $ 9,656 $ 10,888
Schedule of components of net periodic (credit) benefit cost included in other non-interest expense	Year Ended December 31, (In thousands) 2024 2023 Service cost $ — $ 564 Interest cost 1,265 1,263 Expected return on plan assets (2,726) (2,760) Net periodic benefit credit $ (1,461) $ (933) Settlement loss recognized 1,215 — Total benefit cost $ (246) $ (933)
Schedule of change in accumulated other comprehensive loss	Year Ended December 31, (In thousands) 2024 2023 Balance at beginning of period $ (3,056) $ (2,358) Recognition of gain as a result of settlement 1,215 — Loss recognized during the year (2,693) (698) Balance at the end of the period $ (4,534) $ (3,056) Period end component of accumulated other comprehensive income, net of tax $ 3,143 $ 2,087
Schedule of major assumptions utilized to determine the net periodic cost of Plan benefit obligations	At or for the Year Ended December 31, 2024 2023 Discount rate used for net periodic benefit cost 4.79 % 4.98 % Discount rate used to determine benefit obligation at period end 5.47 4.79 Expected long-term return on plan assets used for net periodic benefit cost 7.25 7.25 Expected long-term return on plan assets used to determine benefit obligation at period end 7.25 7.25
Summary of plan asset allocation by asset category	December 31, 2024 2023 Asset category: Debt securities 96 % 99 % Cash equivalents 4 1 Total 100 % 100 %
Summary of fair values of the plan assets	Fair Value Measurements at December 31, 2024 Quoted Prices in Significant Active Markets for Other Significant Identical Observable Unobservable (In thousands) Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Total Description: Cash and cash equivalents $ — $ 1,062 $ — $ 1,062 Fixed income securities: Government 29,045 — — 29,045 Total Plan Assets $ 29,045 $ 1,062 $ — $ 30,107 Fair Value Measurements at December 31, 2023 Quoted Prices in Significant Active Markets for Other Significant Identical Observable Unobservable (In thousands) Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Total Description: Cash and cash equivalents $ — $ 317 $ — $ 317 Fixed income securities: Government 37,853 — — 37,853 Total Plan Assets $ 37,853 $ 317 $ — $ 38,170
Schedule of expected benefit payments maturities	(In thousands) 2025 $ 1,128 2026 1,302 2027 1,207 2028 1,294 2029 1,300 2030 to 2034 7,689

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
STOCK-BASED COMPENSATION (Tables)	Dec. 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 December 31, 2024 26,995 $ 35.39 4.2 $ — Options vested and exercisable at December 31, 2024 26,995 $ 35.39 4.2 $ —
Schedule of information related to stock option plan	Year Ended December 31, (In thousands) 2024 2023 2022 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 5.1 10,061 5.1 $35.35 9,802 4.1 9,802 4.1 $36.19 7,132 3.1 7,132 3.1 Total 26,995 4.2 26,995 4.2
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 319,924 20.62 Shares vested (170,540) 26.98 Shares forfeited (35,943) 24.15 Unvested allocated shares outstanding at December 31, 2024 470,236 $ 22.79
Schedule of information related to restricted stock award plan	Year Ended December 31, (In thousands) 2024 2023 2022 Compensation expense recognized $ 5,780 $ 4,003 $ 3,516 Income tax expense recognized on vesting of RSAs (317) (188) (10)
Performance shares \| Long Term Incentive Award Program
STOCK-BASED COMPENSATION
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 222,240 $ 20.64 Shares granted 96,049 18.61 Shares forfeited (47,054) 24.75 Shares vested (12,371) 29.97 Maximum aggregate share payout at December 31, 2024 258,864 $ 18.69 Minimum aggregate share payout — — Expected aggregate share payout 248,381 $ 18.35
Schedule of information related to performance based share award plan	Year Ended December 31, (In thousands) 2024 2023 2022 Compensation expense recognized $ 910 $ 635 $ 760 Income tax (expense) benefit recognized on vesting of PSAs (52) — 193

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
EARNINGS PER SHARE (Tables)	Dec. 31, 2024
EARNINGS PER SHARE
Schedule of reconciliation of numerators and denominators of basic and diluted EPS	Year Ended December 31, (In thousands except share and per share amounts) 2024 2023 2022 Net income available to common stockholders $ 21,798 $ 88,808 $ 145,270 Less: Dividends paid and earnings allocated to participating securities (377) (1,240) (1,688) Income attributable to common stock $ 21,421 $ 87,568 $ 143,582 Weighted-average common shares outstanding, including participating securities 39,657,985 38,754,346 38,985,314 Less: weighted-average participating securities (724,931) (566,869) (446,480) Weighted-average common shares outstanding 38,933,054 38,187,477 38,538,834 Basic EPS $ 0.55 $ 2.29 $ 3.73 Income attributable to common stock $ 21,421 $ 87,568 $ 143,582 Weighted-average common shares outstanding 38,933,054 38,187,477 38,538,834 Weighted-average common equivalent shares outstanding — — — Weighted-average common and equivalent shares outstanding 38,933,054 38,187,477 38,538,834 Diluted EPS $ 0.55 $ 2.29 $ 3.73

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Dec. 31, 2024
COMMITMENTS AND CONTINGENCIES
Schedule of financial instruments with off-balance sheet risk	Year Ended December 31, 2024 2023 (In thousands) Fixed Rate Variable Rate Fixed Rate Variable Rate Available lines of credit $ 195,714 $ 993,637 $ 114,880 $ 1,072,471 Other loan commitments 33,858 43,975 7,190 89,855 Stand-by letters of credit 31,374 — 38,095 —

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	Dec. 31, 2024
FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of fair value, assets and liabilities measured on recurring basis	Fair Value Measurements at December 31, 2024 Using Level 1 Level 2 Level 3 (In thousands) Total Inputs Inputs Inputs Financial Assets: Securities available-for-sale: Agency notes $ 9,607 $ — $ 9,607 $ — Treasury securities — — — — Corporate securities 163,949 — 163,949 — Pass-through MBS issued by GSEs 300,221 — 300,221 — Agency CMOs 191,888 — 191,888 — State and municipal obligations 25,028 — 25,028 — Derivative – cash flow hedges 8,318 — 8,318 — Derivative – freestanding derivatives, net 108,178 — 108,178 — Financial Liabilities: Derivative – fair value hedges — — — — Derivative – cash flow hedges 159 — 159 — Derivative – freestanding derivatives, net 108,178 108,178 Derivative – risk participations 10 — 10 — 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 – cash flow hedges 5,031 — 5,031 — Derivative – freestanding derivatives, net 114,671 — 114,671 —
Schedule of assets measured at fair value on a non-recurring basis	December 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 $ 7,584 $ — $ — $ 7,584 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 December 31, 2024 Using Carrying Level 1 Level 2 Level 3 (In thousands) Amount Inputs Inputs Inputs Total Financial Assets: Cash and due from banks $ 1,283,571 $ 1,283,571 $ — $ — $ 1,283,571 Securities held-to-maturity 637,339 — 552,277 — 552,277 Loans held for sale 22,625 — — 22,625 22,625 Loans held for investment, net 10,775,608 — — 10,354,366 10,354,366 Accrued interest receivable 55,970 — 6,676 49,294 55,970 Financial Liabilities: Savings, money market and checking accounts (1) 10,617,060 10,617,060 — — 10,617,060 CDs 1,069,081 — 1,066,630 — 1,066,630 FHLBNY advances 608,000 — 608,908 — 608,908 Subordinated debt, net 272,325 — 257,464 — 257,464 Other short-term borrowings 50,000 50,000 — — 50,000 Accrued interest payable 8,586 — 8,586 — 8,586 (1) Includes mortgage escrow deposits. 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 sale 10,159 — — 10,159 10,159 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) Includes mortgage escrow deposits.

REGULATORY CAPITAL MATTERS (Tab

REGULATORY CAPITAL MATTERS (Tables)	12 Months Ended
REGULATORY CAPITAL MATTERS (Tables)	Dec. 31, 2024
REGULATORY CAPITAL MATTERS
Schedule of the Company's and Bank's actual capital amounts and ratios	The following tables present actual capital levels and minimum required levels for the Company and the Bank under Basel III rules at December 31, 2024 and 2023: At December 31, 2024 For Capital To Be Categorized Actual Adequacy Purposes (1) as “Well Capitalized” (1) Minimum Minimum (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Tier 1 capital / % of average total assets Bank $ 1,469,047 10.7 % $ 546,759 4.0 % $ 683,449 5.0 % Consolidated Company 1,283,038 9.4 547,024 4.0 N/A N/A Common equity Tier 1 capital / % of risk-weighted assets Bank 1,469,047 13.9 474,269 4.5 685,055 6.5 Consolidated Company 1,166,469 11.1 474,521 4.5 N/A N/A Tier 1 capital / % of risk-weighted assets Bank 1,469,047 13.9 632,358 6.0 843,144 8.0 Consolidated Company 1,283,038 12.2 632,694 6.0 N/A N/A Total capital / % of risk-weighted assets Bank 1,560,876 14.8 843,144 8.0 1,053,931 10.0 Consolidated Company 1,649,617 15.6 843,592 8.0 N/A N/A (1) In accordance with the Basel III rules. At December 31, 2023 For Capital To Be Categorized Actual Adequacy Purposes (1) as “Well Capitalized” (1) Minimum Minimum (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Tier 1 capital / % of average total assets Bank $ 1,331,676 9.8 % $ 544,254 4.0 % $ 680,318 5.0 % Consolidated Company 1,158,455 8.5 544,529 4.0 N/A N/A Common equity Tier 1 capital / % of risk-weighted assets Bank 1,331,676 12.6 476,168 4.5 687,798 6.5 Consolidated Company 1,041,886 9.8 476,341 4.5 N/A N/A Tier 1 capital / % of risk-weighted assets Bank 1,331,676 12.6 634,890 6.0 846,520 8.0 Consolidated Company 1,158,455 10.9 635,122 6.0 N/A N/A Total capital / % of risk-weighted assets Bank 1,406,581 13.3 846,520 8.0 1,058,151 10.0 Consolidated Company 1,433,361 13.5 846,829 8.0 N/A N/A (1) In accordance with the Basel III rules .

CONDENSED HOLDING COMPANY ONL_2

CONDENSED HOLDING COMPANY ONLY FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Dec. 31, 2024
CONDENSED HOLDING COMPANY ONLY FINANCIAL STATEMENTS
Schedule of condensed statements of financial condition	December 31, (In thousands) 2024 2023 ASSETS: Cash and due from banks $ 95,528 $ 35,114 Securities available-for-sale, at fair value 2,850 2,693 Investment in subsidiaries 1,578,643 1,395,526 Other assets 6,180 4,401 Total assets $ 1,683,201 $ 1,437,734 LIABILITIES AND STOCKHOLDERS’ EQUITY: Subordinated debt, net $ 272,325 $ 200,196 Other liabilities 14,359 11,313 Stockholders’ equity 1,396,517 1,226,225 Total liabilities and stockholders’ equity $ 1,683,201 $ 1,437,734
Schedule of condensed statements of income and other comprehensive income	Year Ended December 31, (In thousands) 2024 2023 2022 Net interest loss $ (13,501) $ (9,942) $ (10,394) Dividends received from Bank 50,000 60,000 95,000 Non-interest expense (1,115) (1,066) (1,720) Income before income taxes and equity in undistributed earnings of direct subsidiaries 35,384 48,992 82,886 Income tax credit 5,308 7,822 4,001 Income before equity in undistributed earnings of direct subsidiaries 40,692 56,814 86,887 Equity in undistributed earnings of subsidiaries (11,608) 39,280 65,669 Net income $ 29,084 $ 96,094 $ 152,556 (1) Comprehensive income for the Holding Company approximated comprehensive income for the consolidated Company during the years ended December 31, 2024, 2023 and 2022.
Schedule of condensed statements of cash flows	Year Ended December 31, (In thousands) 2024 2023 2022 Cash flows from operating activities: Net income $ 29,084 $ 96,094 $ 152,556 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of direct subsidiaries 11,608 (39,280) (65,669) Net amortization (accretion) 45 (87) (111) Loss on extinguishment of debt — — 740 Increase in other assets (1,863) (62) (104) Increase (decrease) in other liabilities 803 (931) (1,096) Net cash provided by operating activities 39,677 55,734 86,316 Cash flows from investing activities: Net cash provided by investing activities — — — Cash flows from financing activities: Proceeds from subordinated debentures issuance, net 72,084 — 157,559 Redemption of subordinated debentures — — (155,000) Proceeds from common stock issuance, net 135,764 — — Release of stock for benefit plan awards 1,105 1,164 1,167 Payments related to tax withholding for equity awards (1,347) (1,258) (1,558) Treasury shares repurchased — (947) (46,762) Cash dividends paid to preferred stockholders (7,286) (7,286) (7,286) Cash dividends paid to common stockholders (38,036) (37,302) (36,791) Other, net (141,547) — — Net cash provided by (used in) financing activities 20,737 (45,629) (88,671) Net increase (decrease) in cash and due from banks 60,414 10,105 (2,355) Cash and due from banks, beginning of period 35,114 25,009 27,364 Cash and due from banks, end of period $ 95,528 $ 35,114 $ 25,009

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Dec. 31, 2024 USD ($) segment item customer	Dec. 31, 2023 USD ($) customer	Dec. 31, 2022 customer
Business Acquisition [Line Items]
Number of branch locations \| item	62
Accrued interest related to debt securities reversed against interest income	$ 0	$ 0
Non-accrual debt securities	0	0
Unrecognized Tax Benefits	$ 0	$ 0
Number of Reportable Segments \| segment	1
Number of Operating Segments \| segment	1
Customers that accounted for more than 10% of the Company's consolidated revenue \| customer	0	0	0
Core Deposits [Member]
Business Acquisition [Line Items]
Intangible Asset Useful Life	10 years
Maximum [Member] \| Building [Member]
Business Acquisition [Line Items]
Property Plant and Equipment Useful Life	50 years
Maximum [Member] \| Furniture Fixtures And Equipment [Member]
Business Acquisition [Line Items]
Property Plant and Equipment Useful Life	10 years
Minimum [Member] \| Building [Member]
Business Acquisition [Line Items]
Property Plant and Equipment Useful Life	40 years
Minimum [Member] \| Furniture Fixtures And Equipment [Member]
Business Acquisition [Line Items]
Property Plant and Equipment Useful Life	3 years

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Accumulated Other Comprehensive income (loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accumulated other comprehensive income (loss), net of tax:
Balance	$ 1,226,225	$ 1,169,583	$ 1,192,620
Net other comprehensive income (loss) during the period	46,561	2,800	(88,198)
Balance	1,396,517	1,226,225	1,169,583
AOCI Attributable to Parent [Member]
Accumulated other comprehensive income (loss), net of tax:
Balance	(91,579)	(94,379)	(6,181)
Other comprehensive income (loss) before reclassifications	7,834	(702)
Amounts reclassified from accumulated other comprehensive income (loss)	38,727	3,502
Net other comprehensive income (loss) during the period	46,561	2,800	(88,198)
Balance	(45,018)	(91,579)	(94,379)
Securities
Accumulated other comprehensive income (loss), net of tax:
Balance	(90,242)	(100,870)
Other comprehensive income (loss) before reclassifications	14,703	7,498
Amounts reclassified from accumulated other comprehensive income (loss)	31,772	3,130
Net other comprehensive income (loss) during the period	46,475	10,628
Balance	(43,767)	(90,242)	(100,870)
Defined Benefit Plans
Accumulated other comprehensive income (loss), net of tax:
Balance	(6,430)	(5,266)
Other comprehensive income (loss) before reclassifications	(1,087)	(109)
Amounts reclassified from accumulated other comprehensive income (loss)	18	(1,055)
Net other comprehensive income (loss) during the period	(1,069)	(1,164)
Balance	(7,499)	(6,430)	(5,266)
Derivatives
Accumulated other comprehensive income (loss), net of tax:
Balance	5,093	11,757
Other comprehensive income (loss) before reclassifications	(5,782)	(8,091)
Amounts reclassified from accumulated other comprehensive income (loss)	6,937	1,427
Net other comprehensive income (loss) during the period	1,155	(6,664)
Balance	$ 6,248	$ 5,093	$ 11,757

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Before and After Tax Amounts by Component (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Change in unrealized gain (loss) on securities:
Change in net unrealized gain (loss) during the period	$ 23,218	$ 10,355	$ (138,630)
Reclassification adjustment for net losses included in net loss on sale of securities and other assets	42,810	1,447
Accretion of net unrealized loss on securities transferred to held-to-maturity	3,028	3,142	2,953
Net change	69,056	14,944	(135,677)
Tax expense (benefit)	22,581	4,316	(42,671)
Net change in unrealized gain (loss) on securities, net of reclassification adjustments and tax	46,475	10,628	(93,006)
Change in pension and other postretirement obligations:
Reclassification adjustment for expense included in other expense	26	(1,547)	(3,715)
Change in the net actuarial gain	(1,426)	(190)	(2,062)
Net change	(1,400)	(1,737)	(5,777)
Tax benefit	(331)	(573)	(1,817)
Net change in pension and other postretirement obligations	(1,069)	(1,164)	(3,960)
Change in unrealized gain (loss) on derivatives:
Change in net unrealized (loss) gain during the period	(8,453)	(11,782)	14,412
Reclassification adjustment for expense included in interest expense	10,008	2,092	(1,621)
Net change	1,555	(9,690)	12,791
Tax expense (benefit)	400	(3,026)	4,023
Net change in unrealized gain (loss) on derivatives, net of reclassification adjustments and tax	1,155	(6,664)	8,768
Total other comprehensive income (loss), net of tax	$ 46,561	$ 2,800	$ (88,198)

SECURITIES - Available-for-sale

SECURITIES - Available-for-sale (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Securities available-for-sale:
Amortized Cost	$ 734,134	$ 995,709
Gross Unrealized Gains	801	56
Gross Unrealized Losses	(44,242)	(109,525)
Fair Value	690,693	886,240
Agency notes
Securities available-for-sale:
Amortized Cost	10,000	10,000
Gross Unrealized Losses	(393)	(629)
Fair Value	9,607	9,371
Treasury securities
Securities available-for-sale:
Amortized Cost		245,877
Gross Unrealized Losses		(11,687)
Fair Value		234,190
Corporate securities
Securities available-for-sale:
Amortized Cost	173,972	174,978
Gross Unrealized Gains	755
Gross Unrealized Losses	(10,778)	(23,808)
Fair Value	163,949	151,170
Pass-through MBS issued by GSEs
Securities available-for-sale:
Amortized Cost	303,303	230,253
Gross Unrealized Gains	30	10
Gross Unrealized Losses	(3,112)	(24,978)
Fair Value	300,221	205,285
Agency CMOs
Securities available-for-sale:
Amortized Cost	220,314	305,860
Gross Unrealized Gains	16	46
Gross Unrealized Losses	(28,442)	(46,491)
Fair Value	191,888	259,415
State and municipal obligations
Securities available-for-sale:
Amortized Cost	26,545	28,741
Gross Unrealized Losses	(1,517)	(1,932)
Fair Value	$ 25,028	$ 26,809

SECURITIES - Held-to-maturity (

SECURITIES - Held-to-maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Securities held-to-maturity:
Amortized Cost	$ 637,339	$ 594,639
Gross Unrecognized Gains	169	16
Gross Unrecognized Losses	(85,231)	(77,725)
Fair Value	552,277	516,930
Agency notes
Securities held-to-maturity:
Amortized Cost	89,977	89,563
Gross Unrecognized Losses	(10,961)	(11,300)
Fair Value	79,016	78,263
Corporate securities
Securities held-to-maturity:
Amortized Cost	13,000	9,000
Gross Unrecognized Gains	140
Gross Unrecognized Losses	(855)	(1,825)
Fair Value	12,285	7,175
Pass-through MBS issued by GSEs
Securities held-to-maturity:
Amortized Cost	298,697	279,853
Gross Unrecognized Losses	(43,716)	(37,579)
Fair Value	254,981	242,274
Agency CMOs
Securities held-to-maturity:
Amortized Cost	235,665	216,223
Gross Unrecognized Gains	29	16
Gross Unrecognized Losses	(29,699)	(27,021)
Fair Value	$ 205,995	$ 189,218

SECURITIES - Narrative (Details

SECURITIES - Narrative (Details) - USD ($)	12 Months Ended
SECURITIES - Narrative (Details) - USD ($)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt and Equity Securities, FV-NI [Line Items]
Transfer from securities held-to-maturity	$ 0	$ 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	5,700,000	$ 5,300,000
Other comprehensive income	19,700,000	22,700,000
Gain (loss) on transfer of securities to held-to-maturity	0
Net gain (loss) on securities	281,000	758,000
Sales of securities held-to-maturity	0	0	$ 0
Other assets
Debt and Equity Securities, FV-NI [Line Items]
Equity securities	2,500,000	2,200,000
Asset Pledged as Collateral [Member]
Debt and Equity Securities, FV-NI [Line Items]
Carrying amount of securities pledged	$ 622,700,000	$ 457,700,000

SECURITIES - Amortized Cost and

SECURITIES - Amortized Cost and Fair Value By Contractual Maturity, Available-for-sale (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Available-for-sale, Amortized Cost
Within one year	$ 6,717
One to five years	54,401
Five to ten years	149,399
Pass-through MBS issued by GSEs and agency CMO	523,617
Amortized Cost	734,134	$ 995,709
Available for sale, Fair Value
Within one year	6,597
One to five years	50,984
Five to ten years	141,003
Pass-through MBS issued by GSEs and Agency CMO	492,109
Total Fair Value	$ 690,693	$ 886,240

SECURITIES - Amortized Cost a_2

SECURITIES - Amortized Cost and Fair Value By Contractual Maturity, Held-to-maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Held-to-maturity, Amortized Cost
One to five years	$ 19,829
Five to ten years	83,148
Pass-through MBS issued by GSEs and agency CMO	534,362
Total Amortized Cost	637,339
Held-to-maturity, Fair Value
One to five years	18,598
Five to ten years	72,703
Pass-through MBS issued by GSEs and agency CMO	460,976
Total Fair Value	$ 552,277	$ 516,930

SECURITIES - Sales Information

SECURITIES - Sales Information and Marketable Equity Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Sales of Available-for-sale Securities:
Proceeds	$ 379,053	$ 77,804
Gross gains		130
Tax expense on gains		39
Gross losses	42,810	1,577
Tax benefit on losses	$ 13,139	$ 467

SECURITIES - Continuous Unreali

SECURITIES - Continuous Unrealized Loss Position (Details) - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Fair Value
Total	$ 0
Agency notes
Fair Value
12 Consecutive Months or Longer	9,607,000	$ 9,371,000
Total	9,607,000	9,371,000
Unrealized Losses
12 Consecutive Months or Longer	393,000	629,000
Total	393,000	629,000
Treasury securities
Fair Value
12 Consecutive Months or Longer		234,190,000
Total		234,190,000
Unrealized Losses
12 Consecutive Months or Longer		11,687,000
Total		11,687,000
Corporate securities
Fair Value
Less than 12 Consecutive Months	2,925,000	20,935,000
12 Consecutive Months or Longer	141,124,000	130,235,000
Total	144,049,000	151,170,000
Unrealized Losses
Less than 12 Consecutive Months	16,000	917,000
12 Consecutive Months or Longer	10,762,000	22,891,000
Total	10,778,000	23,808,000
Pass-through MBS issued by GSEs
Fair Value
Less than 12 Consecutive Months	289,095,000
12 Consecutive Months or Longer	6,119,000	203,469,000
Total	295,214,000	203,469,000
Unrealized Losses
Less than 12 Consecutive Months	2,170,000
12 Consecutive Months or Longer	942,000	24,978,000
Total	3,112,000	24,978,000
Agency CMOs
Fair Value
Less than 12 Consecutive Months	32,101,000
12 Consecutive Months or Longer	154,770,000	251,900,000
Total	186,871,000	251,900,000
Unrealized Losses
Less than 12 Consecutive Months	357,000
12 Consecutive Months or Longer	28,085,000	46,491,000
Total	28,442,000	46,491,000
State and municipal obligations
Fair Value
Less than 12 Consecutive Months	3,469,000	1,796,000
12 Consecutive Months or Longer	21,559,000	21,513,000
Total	25,028,000	23,309,000
Unrealized Losses
Less than 12 Consecutive Months	31,000	54,000
12 Consecutive Months or Longer	1,486,000	1,878,000
Total	$ 1,517,000	$ 1,932,000

LOANS HELD FOR INVESTMENT, NE_2

LOANS HELD FOR INVESTMENT, NET - Loan Categories (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loans held for investment, net:
Total	$ 10,869,328	$ 10,766,837
Fair value hedge basis point adjustments	2,615	6,591
Total loans, net of fair value hedge basis point adjustments	10,871,943	10,773,428
Allowance for credit losses	(88,751)	(71,743)
Total loans held for investment, net	10,783,192	10,701,685
Business Loans
Loans held for investment, net:
Total	2,725,726	2,308,171
Allowance for credit losses	(42,898)	(35,962)	$ (47,029)	$ (62,366)
One-to-Four Family Residential and Cooperative/Condominium Apartment
Loans held for investment, net:
Total	951,528	887,555
Allowance for credit losses	(9,501)	(6,813)	(5,969)	(5,932)
Multifamily Residential and Residential Mixed-Use
Loans held for investment, net:
Total	3,820,283	4,017,176
Allowance for credit losses	(11,946)	(7,237)	(8,360)	(7,816)
Non-Owner-Occupied Commercial Real Estate
Loans held for investment, net:
Total	3,230,535	3,379,667
Allowance for credit losses	(21,876)	(19,623)	(20,153)	(2,131)
Acquisition, development, and construction ("ADC")
Loans held for investment, net:
Total	136,172	168,513
Allowance for credit losses	(2,323)	(1,989)	(1,723)	(4,857)
Other Loans
Loans held for investment, net:
Total	5,084	5,755
Allowance for credit losses	$ (207)	$ (119)	$ (273)	$ (751)

LOANS HELD FOR INVESTMENT, NE_3

LOANS HELD FOR INVESTMENT, NET - Allowance for Credit Losses Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Allowance for credit losses:
Allowance for credit losses, Beginning balance	$ 71,743
Provision (recovery) for credit losses	36,113	$ 2,770	$ 5,374
Allowance for credit losses, Ending balance	88,751	71,743
Non-accrual with No Allowance	21,652	3,780
Non-accrual with Allowance	27,827	25,319
Reserve	16,585	14,202
Business Loans
Allowance for credit losses:
Allowance for credit losses, Beginning balance	35,962	47,029	62,366
Provision (recovery) for credit losses	14,435	3,273	(8,073)
Charge-offs	(8,051)	(15,364)	(11,401)
Recoveries	552	1,024	4,137
Allowance for credit losses, Ending balance	42,898	35,962	47,029
Non-accrual with No Allowance	5,196	3,780
Non-accrual with Allowance	17,428	14,794
Reserve	15,810	13,228
One-to-Four Family Residential and Cooperative/Condominium Apartment
Allowance for credit losses:
Allowance for credit losses, Beginning balance	6,813	5,969	5,932
Provision (recovery) for credit losses	2,688	858	37
Charge-offs		(14)
Allowance for credit losses, Ending balance	9,501	6,813	5,969
Non-accrual with Allowance	3,213	3,248
Reserve	31	133
Multifamily Residential and Residential Mixed-Use
Allowance for credit losses:
Allowance for credit losses, Beginning balance	7,237	8,360	7,816
Provision (recovery) for credit losses	9,385	(1,121)	542
Charge-offs	(4,677)	(2)
Recoveries	1		2
Allowance for credit losses, Ending balance	11,946	7,237	8,360
Non-Owner-Occupied Commercial Real Estate
Allowance for credit losses:
Allowance for credit losses, Beginning balance	19,623	20,153	2,131
Provision (recovery) for credit losses	9,176	(530)	17,968
Charge-offs	(6,926)
Recoveries	3		54
Allowance for credit losses, Ending balance	21,876	19,623	20,153
Non-accrual with No Allowance	16,456
Non-accrual with Allowance	6,504	6,620
Reserve	432	636
Acquisition, development, and construction ("ADC")
Allowance for credit losses:
Allowance for credit losses, Beginning balance	1,989	1,723	4,857
Provision (recovery) for credit losses	334	266	(3,134)
Allowance for credit losses, Ending balance	2,323	1,989	1,723
Non-accrual with Allowance	657	657
Reserve	287	205
Other Loans
Allowance for credit losses:
Allowance for credit losses, Beginning balance	119	273	751
Provision (recovery) for credit losses	179	129	(430)
Charge-offs	(110)	(300)	(53)
Recoveries	19	17	5
Allowance for credit losses, Ending balance	207	119	273
Non-accrual with Allowance	25
Reserve	25
Total (includes other loans)
Allowance for credit losses:
Allowance for credit losses, Beginning balance	71,743	83,507	83,853
Provision (recovery) for credit losses	36,197	2,875	6,910
Charge-offs	(19,764)	(15,680)	(11,454)
Recoveries	575	1,041	4,198
Allowance for credit losses, Ending balance	$ 88,751	$ 71,743	$ 83,507

LOANS HELD FOR INVESTMENT, NE_4

LOANS HELD FOR INVESTMENT, NET - Past Due Status (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Past Due, Financial Instrument [Abstract]
Total	$ 10,869,328	$ 10,766,837
Total Past Due
Past Due, Financial Instrument [Abstract]
Total	91,122	42,366
30 to 59 Days Past Due
Past Due, Financial Instrument [Abstract]
Total	10,330	11,977
60 to 89 Days Past Due
Past Due, Financial Instrument [Abstract]
Total	31,313	1,290
90 days or more past due
Past Due, Financial Instrument [Abstract]
Total	0	0
Non-Accrual
Past Due, Financial Instrument [Abstract]
Total	49,479	29,099
Current
Past Due, Financial Instrument [Abstract]
Total	10,778,206	10,724,471
Business Loans
Past Due, Financial Instrument [Abstract]
Total	2,725,726	2,308,171
Business Loans \| Total Past Due
Past Due, Financial Instrument [Abstract]
Total	28,450	26,930
Business Loans \| 30 to 59 Days Past Due
Past Due, Financial Instrument [Abstract]
Total	3,385	7,139
Business Loans \| 60 to 89 Days Past Due
Past Due, Financial Instrument [Abstract]
Total	2,441	1,217
Business Loans \| Non-Accrual
Past Due, Financial Instrument [Abstract]
Total	22,624	18,574
Business Loans \| Current
Past Due, Financial Instrument [Abstract]
Total	2,697,276	2,281,241
One-to-Four Family Residential and Cooperative/Condominium Apartment
Past Due, Financial Instrument [Abstract]
Total	951,528	887,555
One-to-Four Family Residential and Cooperative/Condominium Apartment \| Total Past Due
Past Due, Financial Instrument [Abstract]
Total	6,403	7,392
One-to-Four Family Residential and Cooperative/Condominium Apartment \| 30 to 59 Days Past Due
Past Due, Financial Instrument [Abstract]
Total	1,919	4,071
One-to-Four Family Residential and Cooperative/Condominium Apartment \| 60 to 89 Days Past Due
Past Due, Financial Instrument [Abstract]
Total	1,271	73
One-to-Four Family Residential and Cooperative/Condominium Apartment \| Non-Accrual
Past Due, Financial Instrument [Abstract]
Total	3,213	3,248
One-to-Four Family Residential and Cooperative/Condominium Apartment \| Current
Past Due, Financial Instrument [Abstract]
Total	945,125	880,163
Multifamily Residential and Residential Mixed-Use
Past Due, Financial Instrument [Abstract]
Total	3,820,283	4,017,176
Multifamily Residential and Residential Mixed-Use \| Total Past Due
Past Due, Financial Instrument [Abstract]
Total	31,360
Multifamily Residential and Residential Mixed-Use \| 30 to 59 Days Past Due
Past Due, Financial Instrument [Abstract]
Total	3,759
Multifamily Residential and Residential Mixed-Use \| 60 to 89 Days Past Due
Past Due, Financial Instrument [Abstract]
Total	27,601
Multifamily Residential and Residential Mixed-Use \| Current
Past Due, Financial Instrument [Abstract]
Total	3,788,923	4,017,176
Non-Owner-Occupied Commercial Real Estate
Past Due, Financial Instrument [Abstract]
Total	3,230,535	3,379,667
Non-Owner-Occupied Commercial Real Estate \| Real Estate Loan [Member]
Past Due, Financial Instrument [Abstract]
Total	3,230,535	3,379,667
Non-Owner-Occupied Commercial Real Estate \| Real Estate Loan [Member] \| Total Past Due
Past Due, Financial Instrument [Abstract]
Total	24,225	6,957
Non-Owner-Occupied Commercial Real Estate \| Real Estate Loan [Member] \| 30 to 59 Days Past Due
Past Due, Financial Instrument [Abstract]
Total	1,265	337
Non-Owner-Occupied Commercial Real Estate \| Real Estate Loan [Member] \| Non-Accrual
Past Due, Financial Instrument [Abstract]
Total	22,960	6,620
Non-Owner-Occupied Commercial Real Estate \| Real Estate Loan [Member] \| Current
Past Due, Financial Instrument [Abstract]
Total	3,206,310	3,372,710
Acquisition, development, and construction ("ADC")
Past Due, Financial Instrument [Abstract]
Total	136,172	168,513
Acquisition, development, and construction ("ADC") \| Total Past Due
Past Due, Financial Instrument [Abstract]
Total	657	1,087
Acquisition, development, and construction ("ADC") \| 30 to 59 Days Past Due
Past Due, Financial Instrument [Abstract]
Total		430
Acquisition, development, and construction ("ADC") \| Non-Accrual
Past Due, Financial Instrument [Abstract]
Total	657	657
Acquisition, development, and construction ("ADC") \| Current
Past Due, Financial Instrument [Abstract]
Total	135,515	167,426
Other Loans
Past Due, Financial Instrument [Abstract]
Total	5,084	5,755
Other Loans \| Total Past Due
Past Due, Financial Instrument [Abstract]
Total	27
Other Loans \| 30 to 59 Days Past Due
Past Due, Financial Instrument [Abstract]
Total	2
Other Loans \| Non-Accrual
Past Due, Financial Instrument [Abstract]
Total	25
Other Loans \| Current
Past Due, Financial Instrument [Abstract]
Total	$ 5,057	$ 5,755

LOANS HELD FOR INVESTMENT, NE_5

LOANS HELD FOR INVESTMENT, NET - Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans, net of fair value hedge basis point adjustments	$ 10,871,943	$ 10,773,428
Allowance for credit losses	88,751	71,743
Real Estate Collateral Dependent
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans, net of fair value hedge basis point adjustments	32,891	11,004
Allowance for credit losses	2,111	926
Business Loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses	42,898	35,962	$ 47,029	$ 62,366
Business Loans \| Real Estate Collateral Dependent
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans, net of fair value hedge basis point adjustments	9,290	3,742
Allowance for credit losses	1,408
One-to-Four Family Residential and Cooperative/Condominium Apartment
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses	9,501	6,813	5,969	5,932
Multifamily Residential and Residential Mixed-Use
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses	11,946	7,237	8,360	7,816
Non-Owner-Occupied Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses	21,876	19,623	20,153	2,131
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	22,944	6,605
Allowance for credit losses	416	621
Acquisition, development, and construction ("ADC")
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses	2,323	1,989	1,723	4,857
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	657	657
Allowance for credit losses	287	305
Other Loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses	$ 207	$ 119	$ 273	$ 751

LOANS HELD FOR INVESTMENT, NE_6

LOANS HELD FOR INVESTMENT, NET - Related Party Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Loans and Leases Receivable, Related Parties [Roll Forward]
Beginning balance	$ 4,922	$ 4,956
New loans	8	531
Effect of changes in composition of related parties	(1,146)
Repayments	(39)	(565)
Balance at end of period	$ 3,745	$ 4,922

LOANS HELD FOR INVESTMENT, NE_7

LOANS HELD FOR INVESTMENT, NET - Amortized Cost of Loans Modified (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 86,149	$ 42,281
% of Total Class of Financing Receivable	0.80%	0.40%
Term Extension
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 19,668	$ 1,789
Significant Payment Delay
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	65,371	39,582
Term Extension and Significant Payment Delay
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	187	612
Significant Payment Delay and Interest Rate Reduction
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	27	298
Term Extension and Interest Rate Reductions
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	896
Business Loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 20,064	$ 14,627
% of Total Class of Financing Receivable	0.70%	0.60%
Business Loans \| Term Extension
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 19,668	$ 1,789
Business Loans \| Significant Payment Delay
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	182	12,020
Business Loans \| Term Extension and Significant Payment Delay
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	187	520
Business Loans \| Significant Payment Delay and Interest Rate Reduction
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	27	298
One-to-Four Family Residential and Cooperative/Condominium Apartment
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 896	$ 2,948
% of Total Class of Financing Receivable	0.10%	0.30%
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		$ 2,856
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		92
One-to-Four Family Residential and Cooperative/Condominium Apartment \| Term Extension and Interest Rate Reductions
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 896
Multifamily Residential and Residential Mixed-Use
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 34,087
% of Total Class of Financing Receivable	0.90%
Multifamily Residential and Residential Mixed-Use \| Significant Payment Delay
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 34,087
Non-Owner-Occupied Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 31,102	$ 24,706
% of Total Class of Financing Receivable	1%	0.70%
Non-Owner-Occupied Commercial Real Estate \| Significant Payment Delay
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans that have been modified	$ 31,102	$ 24,706

LOANS HELD FOR INVESTMENT, NE_8

LOANS HELD FOR INVESTMENT, NET - Financial Effect of Modifications made to Borrowers (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Business Loans \| Interest Rate Reductions
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted Average Interest Rate Reductions	5%	4.27%
Business Loans \| Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted Average months of Term Extensions	8 months	13 months
Business Loans \| Payment Delay
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment Delay	$ 59	$ 2,406
One-to-Four Family Residential and Cooperative/Condominium Apartment \| Interest Rate Reductions
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted Average Interest Rate Reductions	1%
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	231 months	189 months
One-to-Four Family Residential and Cooperative/Condominium Apartment \| Payment Delay
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment Delay		$ 76
Multifamily Residential and Residential Mixed-Use \| Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted Average months of Term Extensions	0 years
Multifamily Residential and Residential Mixed-Use \| Payment Delay
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment Delay	$ 256
Non-Owner-Occupied Commercial Real Estate \| Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted Average months of Term Extensions	0 years	0 years
Non-Owner-Occupied Commercial Real Estate \| Payment Delay
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment Delay	$ 560	$ 988

LOANS HELD FOR INVESTMENT, NE_9

LOANS HELD FOR INVESTMENT, NET - Performance of Modified Loans, After 12 Months (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
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	$ 86,149
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	57,256	$ 40,058
Total 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		42,281
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	129
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	27,601
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	1,163	2,223
Business Loans
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	20,064
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	19,668	12,496
Business Loans \| Total 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		14,627
Business Loans \| 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	129
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	267	2,131
One-to-Four Family Residential and Cooperative/Condominium Apartment
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	896
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		2,856
One-to-Four Family Residential and Cooperative/Condominium Apartment \| Total 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		2,948
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	896	92
Multifamily Residential and Residential Mixed-Use
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	34,087
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	6,486
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	27,601
Non-Owner-Occupied Commercial Real Estate
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	31,102
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	$ 31,102	24,706
Non-Owner-Occupied Commercial Real Estate \| Total 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		$ 24,706

LOANS HELD FOR INVESTMENT, N_10

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

LOANS HELD FOR INVESTMENT, N_11

LOANS HELD FOR INVESTMENT, NET - Credit Quality Indicators (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Credit Risk Profile of Real Estate Loans [Abstract]
Total	$ 10,869,328	$ 10,766,837
Pass
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	630,655	922,902
2023/2022	893,740	2,700,103
2022/2021	2,565,490	1,582,274
2021/2020	1,466,647	954,855
2020/2019	922,941	960,030
2019/2018 and Prior	2,858,206	2,257,567
Revolving	896,101	704,128
Revolving-Term	100,957	60,048
Total	10,334,737	10,141,907
Special Mention
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	135	481
2023/2022	754	53,182
2022/2021	37,942	45,366
2021/2020	32,221	92,825
2020/2019	94,307	27,827
2019/2018 and Prior	121,279	70,219
Revolving	26,451	21,267
Revolving-Term	14,497	26,082
Total	327,586	337,249
Substandard
Credit Risk Profile of Real Estate Loans [Abstract]
2023/2022	398	1,857
2022/2021	1,985	2,196
2021/2020	18,953	96,805
2020/2019	39,164	14,483
2019/2018 and Prior	108,772	130,103
Revolving		15,567
Revolving-Term	32,038	20,167
Total	201,310	281,178
Doubtful
Credit Risk Profile of Real Estate Loans [Abstract]
2019/2018 and Prior	611	748
Total	611	748
Excludes Other Loans
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023		923,383
2023/2022		2,755,142
2022/2021		1,629,836
2021/2020		1,144,485
2020/2019		1,002,340
2019/2018 and Prior		2,458,637
Revolving		740,962
Revolving-Term		106,297
Total		10,761,082
Business Loans
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	400,742	259,180
2023/2022	233,169	434,299
2022/2021	365,899	200,169
2021/2020	208,501	165,092
2020/2019	173,111	160,799
2019/2018 and Prior	377,523	339,404
Revolving	854,579	670,394
Revolving-Term	112,202	78,834
Total	2,725,726	2,308,171
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
YTD Gross Charge-Offs 2022/2021	158	77
YTD Gross Charge-Offs 2021/2020	166	38
YTD Gross Charge-Offs 2020/2019	267	4,166
YTD Gross Charge-Offs 2019/2018 and Prior	586	2,229
YTD Gross Charge-Offs Revolving	89	5,464
YTD Gross Charge-Offs Revolving-Term	6,785	3,390
YTD Gross Charge-Offs	8,051	15,364	$ 11,401
Business Loans \| Pass
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	400,607	258,699
2023/2022	232,017	390,760
2022/2021	327,174	196,790
2021/2020	201,799	144,796
2020/2019	164,834	150,871
2019/2018 and Prior	348,388	305,258
Revolving	828,287	633,719
Revolving-Term	67,238	35,079
Total	2,570,344	2,115,972
Business Loans \| Special Mention
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	135	481
2023/2022	754	41,682
2022/2021	36,740	1,199
2021/2020	4,220	13,567
2020/2019	4,333	7,125
2019/2018 and Prior	17,226	3,150
Revolving	26,292	21,108
Revolving-Term	14,497	25,306
Total	104,197	113,618
Business Loans \| Substandard
Credit Risk Profile of Real Estate Loans [Abstract]
2023/2022	398	1,857
2022/2021	1,985	2,180
2021/2020	2,482	6,729
2020/2019	3,944	2,803
2019/2018 and Prior	11,298	30,248
Revolving		15,567
Revolving-Term	30,467	18,449
Total	50,574	77,833
Business Loans \| Doubtful
Credit Risk Profile of Real Estate Loans [Abstract]
2019/2018 and Prior	611	748
Total	611	748
One-to-Four Family Residential and Cooperative/Condominium Apartment
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	134,804	170,601
2023/2022	159,300	213,479
2022/2021	202,706	102,684
2021/2020	98,491	70,529
2020/2019	64,077	62,693
2019/2018 and Prior	255,989	221,875
Revolving	26,883	31,364
Revolving-Term	9,278	14,330
Total	951,528	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	134,804	170,601
2023/2022	159,300	213,479
2022/2021	202,706	102,684
2021/2020	98,491	69,524
2020/2019	63,093	62,356
2019/2018 and Prior	247,952	213,131
Revolving	26,724	31,205
Revolving-Term	8,364	12,493
Total	941,434	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	711	33
Revolving	159	159
Revolving-Term		776
Total	870	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	984	337
2019/2018 and Prior	7,326	8,711
Revolving-Term	914	1,061
Total	9,224	11,114
Multifamily Residential and Residential Mixed-Use
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	21,810	256,822
2023/2022	252,975	1,340,197
2022/2021	1,286,821	587,686
2021/2020	572,408	316,312
2020/2019	300,825	393,912
2019/2018 and Prior	1,376,892	1,113,081
Revolving	4,285	4,841
Revolving-Term	4,267	4,325
Total	3,820,283	4,017,176
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
YTD Gross Charge-Offs 2024/2023	400
YTD Gross Charge-Offs 2020/2019	1,292
YTD Gross Charge-Offs 2019/2018 and Prior	2,985	2
YTD Gross Charge-Offs	4,677	2
Multifamily Residential and Residential Mixed-Use \| Pass
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	21,810	256,822
2023/2022	252,975	1,340,197
2022/2021	1,285,619	578,352
2021/2020	560,039	283,633
2020/2019	286,653	384,937
2019/2018 and Prior	1,239,261	981,820
Revolving	4,285	4,841
Revolving-Term	4,267	4,325
Total	3,654,909	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	12,369	3,880
2020/2019	14,172	3,886
2019/2018 and Prior	73,778	64,273
Total	101,521	81,373
Multifamily Residential and Residential Mixed-Use \| Substandard
Credit Risk Profile of Real Estate Loans [Abstract]
2021/2020		28,799
2020/2019		5,089
2019/2018 and Prior	63,853	66,988
Total	63,853	100,876
Non-Owner-Occupied Commercial Real Estate
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	57,280	220,045
2023/2022	215,279	738,133
2022/2021	724,041	665,134
2021/2020	618,637	582,652
2020/2019	518,399	370,018
2019/2018 and Prior	1,075,996	783,840
Revolving	11,937	11,919
Revolving-Term	8,966	7,926
Total	3,230,535	3,379,667
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
YTD Gross Charge-Offs 2021/2020	2,797
YTD Gross Charge-Offs 2020/2019	4,033
YTD Gross Charge-Offs Revolving-Term	96
YTD Gross Charge-Offs	6,926
Non-Owner-Occupied Commercial Real Estate \| Pass
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	57,280	220,045
2023/2022	215,279	738,133
2022/2021	724,041	645,246
2021/2020	601,508	447,002
2020/2019	408,361	359,201
2019/2018 and Prior	1,020,137	756,921
Revolving	11,937	11,919
Revolving-Term	8,966	7,926
Total	3,047,509	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	658	75,378
2020/2019	75,802	4,563
2019/2018 and Prior	29,564	2,763
Total	106,024	102,576
Non-Owner-Occupied Commercial Real Estate \| Substandard
Credit Risk Profile of Real Estate Loans [Abstract]
2022/2021		16
2021/2020	16,471	60,272
2020/2019	34,236	6,254
2019/2018 and Prior	26,295	24,156
Total	77,002	90,698
Non-Owner-Occupied Commercial Real Estate \| Real estate loan
Credit Risk Profile of Real Estate Loans [Abstract]
Total	3,230,535	3,379,667
Acquisition, development, and construction ("ADC")
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	16,154	16,735
2023/2022	34,169	29,034
2022/2021	25,950	74,163
2021/2020	19,784	9,900
2020/2019		14,918
2019/2018 and Prior	2,468	437
Revolving	24,868	22,444
Revolving-Term	12,779	882
Total	136,172	168,513
Acquisition, development, and construction ("ADC") \| Pass
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	16,154	16,735
2023/2022	34,169	17,534
2022/2021	25,950	59,202
2021/2020	4,810	9,900
2020/2019		2,665
2019/2018 and Prior	2,468	437
Revolving	24,868	22,444
Revolving-Term	12,122	225
Total	120,541	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	14,974
2020/2019		12,253
Total	14,974	38,714
Acquisition, development, and construction ("ADC") \| Substandard
Credit Risk Profile of Real Estate Loans [Abstract]
Revolving-Term	657	657
Total	657	657
Other Loans
Credit Risk Profile of Real Estate Loans [Abstract]
Total	5,084	5,755
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
YTD Gross Charge-Offs	110	300	$ 53
Other Loans \| Credit Risk Profile
Credit Risk Profile of Real Estate Loans [Abstract]
Total	5,084	5,755
Other Loans \| Performing \| Credit Risk Profile
Credit Risk Profile of Real Estate Loans [Abstract]
Total	5,059	5,755
Other Loans \| Non-accrual \| Credit Risk Profile
Credit Risk Profile of Real Estate Loans [Abstract]
Total	25
Excludes Other Loans
Credit Risk Profile of Real Estate Loans [Abstract]
2024/2023	630,790
2023/2022	894,892
2022/2021	2,605,417
2021/2020	1,517,821
2020/2019	1,056,412
2019/2018 and Prior	3,088,868
Revolving	922,552
Revolving-Term	147,492
Total	10,864,244
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
YTD Gross Charge-Offs 2024/2023	400
YTD Gross Charge-Offs 2022/2021	158	77
YTD Gross Charge-Offs 2021/2020	2,963	38
YTD Gross Charge-Offs 2020/2019	5,592	4,166
YTD Gross Charge-Offs 2019/2018 and Prior	3,571	2,231
YTD Gross Charge-Offs Revolving	89	5,464
YTD Gross Charge-Offs Revolving-Term	6,881	3,404
YTD Gross Charge-Offs	$ 19,654	$ 15,380

LOAN SERVICING ACTIVITIES - Act

LOAN SERVICING ACTIVITIES - Activity for SRAs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Servicing right assets:
Beginning of year	$ 3,168	$ 3,349	$ 3,856
Additions	201	458	659
Amortized to expense	(668)	(639)	(907)
Sold			(259)
End of year	2,701	3,168	3,349
Valuation allowance:
Beginning of year	(237)	(201)	(80)
Additions expensed	(45)	(36)	(121)
End of year	(282)	(237)	(201)
Servicing right assets, net	$ 2,419	$ 2,931	$ 3,148

LOAN SERVICING ACTIVITIES - Nar

LOAN SERVICING ACTIVITIES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
LOAN SERVICING ACTIVITIES
Bank held borrowers' escrow balances	$ 1,300	$ 1,300
Fair value of SRAs	$ 3,000	$ 3,400
Weighted average default rate	0.62	0.67
Total loans, net of fair value hedge basis point adjustments	$ 10,871,943	$ 10,773,428
Real estate and C&I loans
LOAN SERVICING ACTIVITIES
Total loans, net of fair value hedge basis point adjustments	$ 329,100	$ 346,100
Minimum [Member]
LOAN SERVICING ACTIVITIES
Discount rates	10%	10%
Prepayment speeds	6.10%	6.50%
Maximum [Member]
LOAN SERVICING ACTIVITIES
Discount rates	13.90%	14.50%
Prepayment speeds	12.30%	12.20%

PREMISES AND FIXED ASSETS, NE_3

PREMISES AND FIXED ASSETS, NET AND PREMISES HELD FOR SALE (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) property	Dec. 31, 2023 USD ($) property	Dec. 31, 2022 USD ($)
PREMISES AND FIXED ASSETS, NET AND PREMISES HELD FOR SALE
Premises and fixed assets, gross	$ 78,732	$ 86,213
Less: accumulated depreciation and amortization	(43,874)	(41,345)
Premises and fixed assets, net	34,858	44,868
Depreciation and amortization	7,000	$ 6,700	$ 7,400
Company's premises held for sale	$ 0
Number of real estate properties utilized \| property	2	1
Premises held for investment transferred to held for sale	$ 9,227	$ 905
Number of real estate properties, sold \| property	3
Proceeds from sale of real estate	$ 19,300
Gain on sale	9,100
Land
PREMISES AND FIXED ASSETS, NET AND PREMISES HELD FOR SALE
Premises and fixed assets, gross	5,808	10,824
Buildings
PREMISES AND FIXED ASSETS, NET AND PREMISES HELD FOR SALE
Premises and fixed assets, gross	14,417	21,173
Leasehold improvements
PREMISES AND FIXED ASSETS, NET AND PREMISES HELD FOR SALE
Premises and fixed assets, gross	29,817	28,307
Furniture, fixtures and equipment
PREMISES AND FIXED ASSETS, NET AND PREMISES HELD FOR SALE
Premises and fixed assets, gross	$ 28,690	$ 25,909

LEASES - Maturities of the Comp

LEASES - Maturities of the Company's operating lease liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Rent to be Capitalized
2025	$ 13,972
2026	13,374
2027	11,528
2028	5,547
2029	3,029
Thereafter	4,787
Total undiscounted lease payments	52,237
Less amounts representing interest	(3,244)
Operating lease liabilities	$ 48,993	$ 55,454

LEASES - Other information rela

LEASES - Other information related to operating leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Other information related to operating leases:
Operating lease cost	$ 13,712	$ 12,801	$ 11,428
Cash paid for amounts included in the measurement of operating lease liabilities	$ 13,684	$ 12,560	$ 10,574
Weighted average remaining lease term	4 years 4 months 24 days	5 years
Weighted average discount rate	2.72%	2.34%

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Change in Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
GOODWILL AND OTHER INTANGIBLE ASSETS
Beginning of year	$ 155,797	$ 155,797	$ 155,797
Impairment	0	0	0
End of year	$ 155,797	$ 155,797	$ 155,797

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Carrying Amount and Accumulated Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Acquired intangible assets:
Net carrying amount	$ 3,896
Core Deposit Intangibles
Acquired intangible assets:
Gross carrying value	10,204	$ 10,204
Accumulated amortization	(6,308)	(5,145)
Net carrying amount	$ 3,896	$ 5,059

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
GOODWILL AND OTHER INTANGIBLE ASSETS
Amortization expense recognized on intangible assets	$ 1,163	$ 1,425	$ 1,878

GOODWILL AND OTHER INTANGIBLE_6

GOODWILL AND OTHER INTANGIBLE ASSETS - Estimated Amortization Expense (Details) $ in Thousands	Dec. 31, 2024 USD ($)
GOODWILL AND OTHER INTANGIBLE ASSETS
2025	$ 958
2026	795
2027	664
2028	560
2029	475
Thereafter	444
Net carrying amount	$ 3,896

RESTRICTED STOCK - Summary of R

RESTRICTED STOCK - Summary of Restricted Stock (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Restricted stock	$ 69,106	$ 98,750
Federal Home Loan Bank of New York
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Restricted stock	41,794	73,475
FRB capital stock
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Restricted stock	27,147	25,110
ACBB capital stock
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Restricted stock	$ 165	$ 165

RESTRICTED STOCK - Additional I

RESTRICTED STOCK - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Federal Home Loan Bank of New York
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Share price	$ 100
Decrease in outstanding FHLBNY advances	$ (705,000,000)
Bank owned shares	417,937	734,751
Dividend income on the restricted capital stock	$ 5,100,000	$ 5,400,000	$ 853,000
FRB capital stock
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Share price	$ 50
Bank owned shares	542,943	502,197
Dividend income on the restricted capital stock	$ 1,100,000	$ 1,000,000	828,000
ACBB capital stock
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Bank owned shares	60	60
Dividend income on the restricted capital stock	$ 0	$ 2,000	$ 1,000
ACBB capital stock \| Minimum
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Share price	$ 2,500
ACBB capital stock \| Maximum
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Share price	$ 3,250

DEPOSITS - Summary of Deposits

DEPOSITS - Summary of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deposits.
Weighted Average Rate, Savings accounts	2.98%	3.67%
Weighted Average Rate, CDs	3.73%	4.43%
Weighted Average Rate, Money market accounts	3.01%	3.46%
Weighted Average Rate, Interest-bearing checking accounts	1.92%	0.77%
Weighted Average Rate, Total	2.09	2.56
Liability, Savings accounts	$ 1,927,909	$ 2,335,490
Liability, CDs	1,069,081	1,607,683
Liability, Money market accounts	4,198,784	3,125,996
Liability, Interest-bearing checking accounts	1,079,823	515,987
Liability, Non-interest bearing checking accounts	3,410,544	2,945,499
Liability, Total	$ 11,686,141	$ 10,530,655

DEPOSITS - Scheduled Maturities

DEPOSITS - Scheduled Maturities (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Deposits.
2025	$ 873,750
2026	75,616
2027	12,401
2028	103,163
2029	4,139
2030 and beyond	12
Total	$ 1,069,081
2025	3.91%
2026	2.53%
2027	1.44%
2028	3.50%
2029	0.36%
2030 and beyond	1.34%
Weighted Average Interest Rate, Total	3.73%

DEPOSITS - Additional Informati

DEPOSITS - Additional Information (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
DEPOSITS
Deposits in excess of the FDIC limit	$ 93.3	$ 115.3

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	Dec. 31, 2024	Dec. 31, 2023
Risk participations
DERIVATIVES AND HEDGING ACTIVITIES
Notional amount, liabilities	$ 141,100	$ 93,900
Designated as Hedging Instrument \| Fair value hedges \| Interest rate products
DERIVATIVES AND HEDGING ACTIVITIES
Notional amount, liabilities	500,000	500,000
Fair Value Liabilities		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	350,000	200,000
Fair Value Assets	8,318	12,492
Fair Value Liabilities	159	5,031
Not Designated as Hedging Instrument \| Interest rate products
DERIVATIVES AND HEDGING ACTIVITIES
Notional amount, assets	1,665,949	1,682,961
Notional amount, liabilities	1,665,949	1,682,961
Fair Value Assets	108,178	114,671
Fair Value Liabilities	108,178	114,671
Not Designated as Hedging Instrument \| Risk participations
DERIVATIVES AND HEDGING ACTIVITIES
Notional amount, liabilities	141,080	93,891
Fair Value Liabilities	$ 10	$ 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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Interest Income
DERIVATIVES AND HEDGING ACTIVITIES
Effects of fair value or cash flow hedges are recorded	$ 1,607	$ 561
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest and Dividend Income, Operating	Interest and Dividend Income, Operating
Interest Expense
DERIVATIVES AND HEDGING ACTIVITIES
Effects of fair value or cash flow hedges are recorded	$ 10,008	$ 2,092
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense, Operating	Interest Expense, Operating
Interest Rate Products
DERIVATIVES AND HEDGING ACTIVITIES
Change in unrealized gain (loss) on hedged item	$ (3,976)	$ 6,591
Interest Rate Products \| Designated as Hedging Instrument \| Fair value hedges
DERIVATIVES AND HEDGING ACTIVITIES
Effects of fair value or cash flow hedges are recorded	$ 5,583	$ (6,030)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest and Dividend Income, Operating	Interest and Dividend Income, Operating
Interest Rate Products \| Designated as Hedging Instrument \| Cash Flow Hedging
DERIVATIVES AND HEDGING ACTIVITIES
Loss (gain) reclassified from AOCI into income	$ 10,008	$ 2,092
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense, Operating	Interest Expense, Operating

DERIVATIVES AND HEDGING ACTIV_5

DERIVATIVES AND HEDGING ACTIVITIES - Fair Value Hedges Narrative (Details) - Fair value hedges - Designated as Hedging Instrument - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
DERIVATIVES AND HEDGING ACTIVITIES
Clearing house related to the fair value derivatives	$ 2,700	$ 6,500
Interest Rate Swaps
DERIVATIVES AND HEDGING ACTIVITIES
Average fixed interest rate	4.82%
Mortgage loans - Amortized Cost	$ 692,200	729,500
Last-of-layer in the open hedge relationship	500,000	500,000
Basis adjustment associated with the hedge	2,600	6,600
Interest income from swap transaction	$ 1,600	$ 561

DERIVATIVES AND HEDGING ACTIV_6

DERIVATIVES AND HEDGING ACTIVITIES - Cumulative Basis Adjustment for Fair Value Hedges (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
DERIVATIVES AND HEDGING ACTIVITIES
Carrying Amount of the Hedged Assets	$ 694,774	$ 736,098
Hedged Asset, Statement of Financial Position [Extensible Enumeration]	Derivative Asset	Derivative Asset
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets	$ 2,615	$ 6,591

DERIVATIVES AND HEDGING ACTIV_7

DERIVATIVES AND HEDGING ACTIVITIES - Cash Flow Hedges Narrative (Details)	12 Months Ended
	Dec. 31, 2024 USD ($) DerivativeInstrument	Dec. 31, 2023 USD ($) DerivativeInstrument
DERIVATIVES AND HEDGING ACTIVITIES
Interest rate cash flow hedge gain (loss) to be reclassified during next 12 months, net	$ 6,100,000
Number of derivatives terminated \| DerivativeInstrument	0	0
Collateral received against obligations in net asset position	$ 9,100,000	$ 13,500,000
Designated as Hedging Instrument \| Cash Flow Hedging
DERIVATIVES AND HEDGING ACTIVITIES
Clearing house related to the fair value derivatives	856,000	4,900,000
Loan level interest rate swaps with third party counterparties (assets) \| Designated as Hedging Instrument
DERIVATIVES AND HEDGING ACTIVITIES
Collateral already posted, aggregate fair value	$ 0	$ 0

DERIVATIVES AND HEDGING ACTIV_8

DERIVATIVES AND HEDGING ACTIVITIES - Effect on Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Effect of cash flow hedge accounting on Accumulated Other Comprehensive Income (Loss):
(Loss) gain recognized in other comprehensive income (loss)	$ (8,453)	$ (11,782)	$ 14,412
Interest Rate Products \| Other Comprehensive Income (Loss)
Effect of cash flow hedge accounting on Accumulated Other Comprehensive Income (Loss):
(Loss) gain recognized in other comprehensive income (loss)	(8,453)	(11,782)	14,412
Interest Rate Products \| Other Comprehensive Income (Loss) \| Interest Expense
Effect of cash flow hedge accounting on Accumulated Other Comprehensive Income (Loss):
(Loss) gain reclassified from other comprehensive income into interest expense	$ (10,008)	$ (2,092)	$ 1,621

DERIVATIVES AND HEDGING ACTIV_9

DERIVATIVES AND HEDGING ACTIVITIES - Classification on Consolidated Statements of Financial Condition (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) DerivativeInstrument	Dec. 31, 2023 USD ($) DerivativeInstrument	Dec. 31, 2022 USD ($)
Cash Flow Hedges
Collateral received against obligations in net asset position	$ 9,100	$ 13,500
Not Designated as Hedging Instrument
Cash Flow Hedges
Loan level derivative income	$ 2,114	$ 7,081	$ 3,637
Loan level interest rate swaps with borrower (assets) \| Not Designated as Hedging Instrument
Cash Flow Hedges
Count, assets \| DerivativeInstrument	23	49
Notional amount, assets	$ 321,745	$ 491,394
Fair value assets	$ 3,704	$ 10,985
Loan level interest rate swaps with borrower (liabilities) \| Not Designated as Hedging Instrument
Cash Flow Hedges
Count, liabilities \| DerivativeInstrument	202	178
Notional amount, liabilities	$ 1,344,204	$ 1,121,085
Fair value liabilities	104,474	$ 103,570
Collateral already posted, aggregate fair value	$ 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
Fair value liabilities		$ 116
Loan level interest rate floors with borrower (liabilities) \| Not Designated as Hedging Instrument
Cash Flow Hedges
Count, assets \| DerivativeInstrument		2
Notional amount, assets		$ 29,721
Loan level interest rate swaps with third party counterparties (assets) \| Not Designated as Hedging Instrument
Cash Flow Hedges
Count, assets \| DerivativeInstrument	202	178
Count, liabilities \| DerivativeInstrument	23
Notional amount, assets	$ 1,344,204	$ 1,121,085
Notional amount, liabilities	321,745
Fair value assets	104,474	103,570
Fair value liabilities	3,704
Collateral already posted, aggregate fair value	0	0
Collateral received against obligations in net asset position		$ 94,700
Loan level interest rate swaps with third party counterparties (liabilities) \| Not Designated as Hedging Instrument
Cash Flow Hedges
Count, liabilities \| DerivativeInstrument		49
Notional amount, liabilities		$ 491,394
Fair value liabilities		$ 10,985
Loan level interest rate floors with third party counterparties (assets) \| Not Designated as Hedging Instrument
Cash Flow Hedges
Count, assets \| DerivativeInstrument		2
Notional amount, assets		$ 29,721
Collateral received against obligations in net asset position	$ 103,300
Loan level interest rate floors with third party counterparties (assets) \| Not Designated as Hedging Instrument
Cash Flow Hedges
Count, liabilities \| DerivativeInstrument		7
Notional amount, assets		$ 40,761
Fair value assets		$ 116

DERIVATIVES AND HEDGING ACTI_10

DERIVATIVES AND HEDGING ACTIVITIES - Risk Participation and Credit Risk Related Contingent Features (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) item	Dec. 31, 2023 USD ($)
DERIVATIVES AND HEDGING ACTIVITIES
Derivative liabilities	$ 108,347	$ 121,265
Credit Risk Related Contingent Features
Derivatives in a net liability position	0
Termination value of derivatives	$ 0
Number of provisions breached \| item	0
Risk Participation Agreements
DERIVATIVES AND HEDGING ACTIVITIES
Notional amount, liabilities	$ 141,100	93,900
Derivative liabilities	$ 10	$ 24

FHLBNY ADVANCES - Narrative (De

FHLBNY ADVANCES - Narrative (Details) - USD ($)	12 Months Ended
FHLBNY ADVANCES - Narrative (Details) - USD ($)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Federal Home Loan Bank, Advance, General Debt Obligation, Disclosure, Interest Rate, Type [Fixed List]	Fixed	Fixed
Gain (Loss) on Extinguishment of Debt	$ (454,000)		$ (740,000)
Federal Home Loan Bank of New York
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Total FHLBNY advances	608,000,000	$ 1,313,000,000
Amount eligible to borrow	3,870,000,000	$ 4,090,000,000
Remaining borrowing capacity	$ 1,840,000,000
Total FHLBNY advances	4.58%	5.23%
Federal Home Loan Bank, Advances, Callable Option [Member] \| Federal Home Loan Bank of New York
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Callable advances	$ 0

FHLBNY ADVANCES - Summary of FH

FHLBNY ADVANCES - Summary of FHLBNY extinguishments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2022
FHLBNY ADVANCES
FHLBNY advances extinguished	$ 1,805,000
Weighted average rate	5.28%
Loss on extinguishment of debt	$ 454	$ 740

FHLBNY ADVANCES - Contractual m

FHLBNY ADVANCES - Contractual maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Federal Home Loan Bank of New York
Contractual Maturity, Amount
2024, fixed rate at rates from 4.85% to 5.67%		$ 1,265,000
Overnight, fixed rate at 4.67%	$ 100,000
2025, fixed rate at rates from 4.54% to 4.84%	400,000
2027, fixed rate at 4.25%	36,000	36,000
2028, fixed rate at 4.04%	12,000	12,000
2029, fixed rate at rates from 3.98% to 4.03%	60,000
Total FHLBNY advances	$ 608,000	$ 1,313,000
Contractual Maturity, Weighted Average Rate
2027, fixed rate	4.25%	4.25%
2028, fixed rate	4.04%	4.04%
Minimum [Member]
Contractual Maturity, Weighted Average Rate
2025, fixed rate	4.54%	4.54%
Minimum [Member] \| Federal Home Loan Bank of New York
Contractual Maturity, Weighted Average Rate
2024, fixed rate	4.85%	4.85%
2029, fixed rate	3.98%	3.98%
Maximum [Member]
Contractual Maturity, Weighted Average Rate
2025, fixed rate	4.84%	4.84%
Maximum [Member] \| Federal Home Loan Bank of New York
Contractual Maturity, Weighted Average Rate
2024, fixed rate	5.67%	5.67%
2029, fixed rate	4.03%	4.03%
Weighted Average Rate \| Federal Home Loan Bank of New York
Contractual Maturity, Weighted Average Rate
Overnight, fixed rate	4.67%	4.67%

SUBORDINATED DEBENTURES (Detail

SUBORDINATED DEBENTURES (Details) - USD ($) $ in Thousands							1 Months Ended	12 Months Ended
SUBORDINATED DEBENTURES (Details) - USD ($) $ in Thousands	Jun. 28, 2024	May 06, 2024	Jun. 30, 2022	Jun. 15, 2022	May 06, 2022	Sep. 30, 2015	Sep. 30, 2015	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Jul. 09, 2024
Debt Instrument [Line Items]
Subordinated notes payable, net								$ 272,300	$ 200,200
Interest expense related to the subordinated debt								$ 13,800	$ 10,200	$ 10,600
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 annual interest rate					5%
Fixed to Floating Rate Subordinated Notes Due 2032 (the Notes) \| Debt Instrument, Redemption, Period One [Member]
Debt Instrument [Line Items]
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]		us-gaap:SecuredOvernightFinancingRateSofrMember
Fixed to Floating Rate Subordinated Notes Due 2032 (the Notes) \| Debt Instrument, Redemption, Period Two [Member]
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%
Repayment				$ 115,000
Pre-tax 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%
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%) \| Debt Instrument, Redemption, Period One [Member]
Debt Instrument [Line Items]
Fixed annual interest rate						5.75%	5.75%
Fixed annual rate, first period duration						5 years
Fixed to Floating Rate Subordinated Notes Due 2030 (5.75%) \| From and including September 30, 2025
Debt Instrument [Line Items]
Basis points added to benchmark rate							3.72%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]							us-gaap:SecuredOvernightFinancingRateSofrMember
Fixed to Floating Rate Subordinated Notes Due 2034 [Member]
Debt Instrument [Line Items]
Aggregate principal amount issued	$ 65,000
Date after debt becomes callable	Jul. 15, 2029
Fixed to Floating Rate Subordinated Notes Due 2034 [Member] \| Over-Allotment Option [Member]
Debt Instrument [Line Items]
Aggregate principal amount issued											$ 9,800
Net proceeds of the offering for the repayment											$ 74,800
Fixed to Floating Rate Subordinated Notes Due 2034 [Member] \| Debt Instrument, Redemption, Period One [Member]
Debt Instrument [Line Items]
Fixed annual interest rate	9%
Fixed to Floating Rate Subordinated Notes Due 2034 [Member] \| Debt Instrument, Redemption, Period Two [Member]
Debt Instrument [Line Items]
Basis points added to benchmark rate	4.951%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	us-gaap:SecuredOvernightFinancingRateSofrMember

OTHER SHORT-TERM BORROWINGS - R

OTHER SHORT-TERM BORROWINGS - Repurchase Agreements & AFX (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
OTHER SHORT-TERM BORROWINGS
Other short-term borrowings	$ 50,000
Financial Assets Sold under Agreement to Repurchase
OTHER SHORT-TERM BORROWINGS
Percentage of pass through for Mortgage Backed Securities	100%
Other short-term borrowings	$ 0	$ 0
Interest expense	0	0	$ 1
AFX
OTHER SHORT-TERM BORROWINGS
Borrowings outstanding	50,000	0
Interest expense	$ 3	$ 101	$ 1,400

INCOME TAXES - Components (Deta

INCOME TAXES - Components (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income tax provisions
Total current expense	$ 28,649	$ 40,150	$ 56,697
Total deferred expense	(6,294)	635	2,662
Total	22,355	40,785	59,359
Federal
Income tax provisions
Total current expense	20,170	24,469	39,492
Total deferred expense	(5,179)	1,393	840
State and city
Income tax provisions
Total current expense	8,479	15,681	17,205
Total deferred expense	$ (1,115)	$ (758)	$ 1,822

INCOME TAXES - Federal statutor

INCOME TAXES - Federal statutory rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
INCOME TAXES
Tax at federal statutory rate	$ 10,802	$ 28,745	$ 44,502
State and local taxes, net of federal income tax benefit	5,583	12,237	13,699
Benefit plan differences	(131)	(127)	(127)
Investment in BOLI	(2,179)	(2,047)	(2,173)
Surrender of BOLI	7,415
Equity based compensation	200	79	(141)
Salaries deduction limitation	653	2,381	2,054
Other, net	12	(483)	1,545
Total	$ 22,355	$ 40,785	$ 59,359
Effective tax rate	43.46%	29.80%	28.01%

INCOME TAXES - Deferred Tax Ass

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deferred tax assets:
Allowance for credit losses and other contingent liabilities	$ 29,013	$ 26,926
Tax effect of other components of income on securities available-for-sale	14,251	34,745
Tax effect of other components of income on securities held-to-maturity	6,048	7,216
Operating lease liability	15,034	19,229
Other	3,546	2,603
Total deferred tax assets	67,892	90,719
Deferred tax liabilities:
Tax effect of other components of income on derivatives	3,261	2,368
Employee benefit plans	3,259	1,707
Tax effect of purchase accounting fair value adjustments	(201)	1,329
Difference in book and tax carrying value of fixed assets	670	2,230
Difference in book and tax basis of unearned loan fees	2,531	3,239
Operating lease asset	14,179	18,266
States taxes		2,166
Other	951	241
Total deferred tax liabilities	24,650	31,546
Net deferred tax asset (recorded in other assets)	$ 43,242	$ 59,173

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
INCOME TAXES
Gain on surrender of BOLI assets	$ 9,100
Valuation allowances	0	$ 0
Federal NOL carryforward	2,000
State NOL carryforward	0
City NOL carryforward	0
Bad debt reserves totaling	15,100	15,100
Additional income tax expense	4,800
Unrecognized tax benefits	$ 0	$ 0

RETIREMENT AND POSTRETIREMENT_3

RETIREMENT AND POSTRETIREMENT PLANS - Funded status of the Employee Retirement Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Employee Retirement Plan
Reconciliation of projected benefit obligation:
Projected benefit obligation at beginning of year	$ 18,721	$ 19,021
Interest cost	847	900	$ 622
Actuarial (gain) loss	(1,101)	384
Benefit payments	(1,649)	(1,584)
Projected benefit obligation at end of year	16,818	18,721	19,021
Plan assets at fair value (investments in trust funds managed by trustee)
Balance at beginning of year	21,303	22,593
Return on plan assets	(448)	294
Benefit payments	(1,649)	(1,584)
Balance at end of year	19,206	21,303	22,593
Funded status at end of year	2,388	2,582
Pension Plan
Reconciliation of projected benefit obligation:
Projected benefit obligation at beginning of year	27,282	27,920
Service cost		564
Interest cost	1,265	1,263
Actuarial (gain) loss	(1,575)	(883)
Curtailment		(446)
Impact of settlement	(5,481)
Benefit payments	(1,040)	(1,136)
Projected benefit obligation at end of year	20,451	27,282	27,920
Plan assets at fair value (investments in trust funds managed by trustee)
Balance at beginning of year	38,170	38,572
Return on plan assets	(1,542)	734
Benefit payments	(1,040)	(1,136)
Impact of settlement	(5,481)
Balance at end of year	30,107	38,170	$ 38,572
Funded status at end of year	$ 9,656	$ 10,888

RETIREMENT AND POSTRETIREMENT_4

RETIREMENT AND POSTRETIREMENT PLANS - Net periodic cost for the Employee Retirement Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net Periodic Benefit Cost
Settlement	$ (1,215)
Employee Retirement Plan
Net Periodic Benefit Cost
Interest cost	847	$ 900	$ 622
Expected return on assets	(1,429)	(1,521)	(1,949)
Amortization of unrealized loss	854	572	261
Net periodic benefit (credit) cost	272	(49)	$ (1,066)
Pension Plan
Net Periodic Benefit Cost
Service cost		564
Interest cost	1,265	1,263
Expected return on assets	(2,726)	(2,760)
Net periodic benefit (credit) cost	(1,461)	(933)
Settlement	1,215
Total benefit cost	$ (246)	$ (933)

RETIREMENT AND POSTRETIREMENT_5

RETIREMENT AND POSTRETIREMENT PLANS - Change in Accumulated Other Comprehensive Loss from Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax
Settlement	$ (1,215)
Loss recognized during the year	1,426	$ 190	$ 2,062
Period end component of accumulated other comprehensive loss, net of tax	(45,018)	(91,579)
Employee Retirement Plan
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax
Balance at beginning of period	(6,363)	(5,323)
Amortization of unrealized loss	854	572
Loss recognized during the year	(776)	(1,612)
Balance at the end of the period	(6,285)	(6,363)	(5,323)
Period end component of accumulated other comprehensive loss, net of tax	4,356	4,343
Pension Plan
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax
Balance at beginning of period	(3,056)	(2,358)
Settlement	1,215
Loss recognized during the year	(2,693)	(698)
Balance at the end of the period	(4,534)	(3,056)	$ (2,358)
Period end component of accumulated other comprehensive loss, net of tax	$ 3,143	$ 2,087

RETIREMENT AND POSTRETIREMENT_6

RETIREMENT AND POSTRETIREMENT PLANS - Major Assumptions Utilized to Determine the Net Periodic Cost of The Plan (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Employee Retirement Plan
Defined Benefit Plan, Assumptions Used in Calculations
Discount rate used for net periodic benefit cost	4.70%	4.90%	2.55%
Discount rate used to determine benefit obligation at period end	5.40%	4.70%	4.90%
Expected long-term return on plan assets used for net periodic benefit cost	7%	7%	7%
Expected long-term return on plan assets used to determine benefit obligation at period end	7%	7%	7%
Pension Plan
Defined Benefit Plan, Assumptions Used in Calculations
Discount rate used for net periodic benefit cost	4.79%	4.98%
Discount rate used to determine benefit obligation at period end	5.47%	4.79%
Expected long-term return on plan assets used for net periodic benefit cost	7.25%	7.25%
Expected long-term return on plan assets used to determine benefit obligation at period end	7.25%	7.25%

RETIREMENT AND POSTRETIREMENT_7

RETIREMENT AND POSTRETIREMENT PLANS - Weighted Average Allocation by Asset Category (Details)	Dec. 31, 2024	Dec. 31, 2023
Employee Retirement Plan
Defined Benefit Plan Disclosure
Actual Asset category	100%	100%
Employee Retirement Plan \| Debt securities
Defined Benefit Plan Disclosure
Actual Asset category	99%	100%
Employee Retirement Plan \| Cash equivalents
Defined Benefit Plan Disclosure
Actual Asset category	1%
Pension Plan
Defined Benefit Plan Disclosure
Actual Asset category	100%	100%
Pension Plan \| Debt securities
Defined Benefit Plan Disclosure
Actual Asset category	96%	99%
Pension Plan \| Cash equivalents
Defined Benefit Plan Disclosure
Actual Asset category	4%	1%

RETIREMENT AND POSTRETIREMENT_8

RETIREMENT AND POSTRETIREMENT PLANS - BNB Bank Pension Plans Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Employee Retirement Plan
Defined Benefit Plan Disclosure
Total Plan Assets	$ 19,206	$ 21,303	$ 22,593
Percentage of cumulative long term return on index	9%
Percentage of cumulative long term return on bonds	5%
Employee Retirement Plan's target allocation, expected annual rate of return	7%	7%
Employee Retirement Plan \| Cash equivalents
Defined Benefit Plan Disclosure
Total Plan Assets	$ 136	$ 58
Employee Retirement Plan \| Government
Defined Benefit Plan Disclosure
Total Plan Assets	19,070	21,245
Employee Retirement Plan \| Level 1
Defined Benefit Plan Disclosure
Total Plan Assets	19,070	21,245
Employee Retirement Plan \| Level 1 \| Government
Defined Benefit Plan Disclosure
Total Plan Assets	19,070	21,245
Employee Retirement Plan \| Level 2
Defined Benefit Plan Disclosure
Total Plan Assets	136	58
Employee Retirement Plan \| Level 2 \| Cash equivalents
Defined Benefit Plan Disclosure
Total Plan Assets	136	58
Pension Plan
Defined Benefit Plan Disclosure
Total Plan Assets	$ 30,107	$ 38,170	$ 38,572
Percentage of cumulative long term return on index	9%
Percentage of cumulative long term return on bonds	5%
Employee Retirement Plan's target allocation, expected annual rate of return	7.25%	7.25%
Pension Plan \| Cash equivalents
Defined Benefit Plan Disclosure
Total Plan Assets	$ 1,062	$ 317
Pension Plan \| Government
Defined Benefit Plan Disclosure
Total Plan Assets	29,045	37,853
Pension Plan \| Level 1
Defined Benefit Plan Disclosure
Total Plan Assets	29,045	37,853
Pension Plan \| Level 1 \| Government
Defined Benefit Plan Disclosure
Total Plan Assets	29,045	37,853
Pension Plan \| Level 2
Defined Benefit Plan Disclosure
Total Plan Assets	1,062	317
Pension Plan \| Level 2 \| Cash equivalents
Defined Benefit Plan Disclosure
Total Plan Assets	$ 1,062	$ 317

RETIREMENT AND POSTRETIREMENT_9

RETIREMENT AND POSTRETIREMENT PLANS - Benefit Payments (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Employee Retirement Plan
Defined Benefit Plan Disclosure
2025	$ 1,502
2026	1,462
2027	1,431
2028	1,393
2029	1,353
2030 to 2034	6,514
Pension Plan
Defined Benefit Plan Disclosure
2025	1,128
2026	1,302
2027	1,207
2028	1,294
2029	1,300
2030 to 2034	$ 7,689

RETIREMENT AND POSTRETIREMEN_10

RETIREMENT AND POSTRETIREMENT PLANS - 401(K) Plan - (Details) - 401 K Plan - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
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	$ 6,600,000	$ 6,300,000
Total expense recognized as a component of salaries and employee benefits expense	$ 3,000,000	$ 2,500,000	$ 2,300,000
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 - Addi

STOCK-BASED COMPENSATION - Additional Information (Details) - shares	Dec. 31, 2024	May 23, 2024
2021 Equity Incentive Plan
STOCK-BASED COMPENSATION
Shares reserved for issuance	1,493,586	1,185,000

STOCK-BASED COMPENSATION - Stoc

STOCK-BASED COMPENSATION - Stock Option Awards (Details) - Employee Stock Option - $ / shares	12 Months Ended
	Dec. 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	4 years 2 months 12 days	5 years 2 months 12 days
Options vested and exercisable, weighted average remaining contractual years	4 years 2 months 12 days

STOCK-BASED COMPENSATION - St_2

STOCK-BASED COMPENSATION - Stock Option Awards Exercise Price Range (Details) - $ / shares	12 Months Ended
	Dec. 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
STOCK-BASED COMPENSATION
Exercise Prices	$ 35.39	$ 35.39
Outstanding Options, Number of Options	26,995	26,995
Outstanding Options, Weighted Average Contractual Years Remaining	4 years 2 months 12 days	5 years 2 months 12 days
Vested Options, Number of Options	26,995
Vested Options, Weighted Average Contractual Years Remaining	4 years 2 months 12 days
Employee Stock Option \| $34.87
STOCK-BASED COMPENSATION
Outstanding Options, Number of Options	10,061
Outstanding Options, Weighted Average Contractual Years Remaining	5 years 1 month 6 days
Vested Options, Number of Options	10,061
Vested Options, Weighted Average Contractual Years Remaining	5 years 1 month 6 days
Employee Stock Option \| $35.35
STOCK-BASED COMPENSATION
Outstanding Options, Number of Options	9,802
Outstanding Options, Weighted Average Contractual Years Remaining	4 years 1 month 6 days
Vested Options, Number of Options	9,802
Vested Options, Weighted Average Contractual Years Remaining	4 years 1 month 6 days
Employee Stock Option \| $36.19
STOCK-BASED COMPENSATION
Outstanding Options, Number of Options	7,132
Outstanding Options, Weighted Average Contractual Years Remaining	3 years 1 month 6 days
Vested Options, Number of Options	7,132
Vested Options, Weighted Average Contractual Years Remaining	3 years 1 month 6 days

STOCK-BASED COMPENSATION - Rest

STOCK-BASED COMPENSATION - Restricted Stock Awards (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Weighted-Average Grant-Date Fair Value
Shares vested (in dollars per share)	$ 29.97
Restricted Stock Awards
Restricted Stock Awards
Unrecognized compensation cost	$ 5,600
Weighted average remaining years for which compensation expense is to be recognized	1 year 8 months 12 days
Number of Shares
Unvested allocated shares outstanding, beginning of period (in shares)	356,795
Shares granted (in shares)	319,924
Shares vested (in shares)	(170,540)
Shares forfeited (in shares)	(35,943)
Unvested allocated shares outstanding, end of period (in shares)	470,236	356,795
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)	20.62
Shares vested (in dollars per share)	26.98
Shares forfeited (in dollars per share)	24.15
Unvested allocated shares outstanding, end of period (in dollars per share)	$ 22.79	$ 26.88
Information Related to RSAs
Compensation expense recognized	$ 5,780	$ 4,003	$ 3,516
Income tax expense recognized on vesting of RSAs	$ (317)	$ (188)	$ (10)

STOCK-BASED COMPENSATION - Perf

STOCK-BASED COMPENSATION - Performance Based Equity Awards (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Weighted-Average Grant-Date Fair Value
Shares vested, Weighted-Average Grant-Date Fair Value	$ 29.97
Performance shares
Performance-Based Share 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
Shares granted (in shares)	96,049	195,066
Shares forfeited (in shares)	(47,054)
Shares vested (in shares)	(12,371)
Expected aggregate share payout, Number of Shares	248,381
Weighted-Average Grant-Date Fair Value
Shares granted, Weighted-Average Grant-Date Fair Value	$ 18.61
Shares forfeited, Weighted-Average Grant-Date Fair Value	24.75
Expected aggregate share payout, Weighted-Average Grant-Date Fair Value	$ 18.35
Information related to PSAs
Compensation expense (benefit) recognized	$ 910	$ 635	$ 760
Income tax expense recognized on vesting of PSAs	(52)		$ 193
Unrecognized compensation cost	$ 2,500
Weighted average remaining years for which compensation expense is to be recognized	1 year 9 months 18 days
Performance shares \| Maximum
Number of Shares
Maximum aggregate share payout beginning balance, Number of Shares	222,240
Maximum aggregate share payout ending balance, Number of Shares	258,864	222,240
Weighted-Average Grant-Date Fair Value
Maximum aggregate share payout beginning balance, Weighted-Average Grant-Date Fair Value	$ 20.64
Maximum aggregate share payout ending balance, Weighted-Average Grant-Date Fair Value	$ 18.69	$ 20.64

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share
Net income available to common stockholders	$ 21,798	$ 88,808	$ 145,270
Less: Dividends paid and earnings allocated to participating securities	(377)	(1,240)	(1,688)
Income attributable to common stock	$ 21,421	$ 87,568	$ 143,582
Weighted-average common shares outstanding, including participating securities (in shares)	39,657,985	38,754,346	38,985,314
Less: weighted-average participating securities (in shares)	(724,931)	(566,869)	(446,480)
Weighted-average common shares outstanding (in shares)	38,933,054	38,187,477	38,538,834
Basic EPS (in dollars per share)	$ 0.55	$ 2.29	$ 3.73
Weighted-average common shares outstanding (in shares)	38,933,054	38,187,477	38,538,834
Weighted-average common and equivalent shares outstanding (in shares)	38,933,054	38,187,477	38,538,834
Diluted EPS (in dollars per share)	$ 0.55	$ 2.29	$ 3.73
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share
Weighted average shares excluded from earnings per share calculation (in shares)	26,995	69,479	134,447

PREFERRED STOCK (Details)

PREFERRED STOCK (Details) - USD ($) $ / shares in Units, $ in Millions	Jun. 10, 2020	Feb. 05, 2020	Dec. 31, 2024	Dec. 31, 2023
Public Offering
Preferred stock, Series A, shares outstanding (in shares)			5,299,200	5,299,200
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
Preferred stock, Series A, shares outstanding (in shares)			5,299,200
Preferred stock, liquidation preference			$ 132.5
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
Preferred stock, redemption price (in dollars per share)			$ 25

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Available lines of credit
COMMITMENTS AND CONTINGENCIES
Fixed line of credit	$ 195,714	$ 114,880
Variable line of credit	993,637	1,072,471
Other loan commitments
COMMITMENTS AND CONTINGENCIES
Fixed line of credit	33,858	7,190
Variable line of credit	43,975	89,855
Stand-by letters of credit
COMMITMENTS AND CONTINGENCIES
Fixed line of credit	$ 31,374	$ 38,095

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narratives (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2017
COMMITMENTS AND CONTINGENCIES
Commitment outstanding	$ 77.8	$ 97
Commitment expiry period	3 months
Collateral amount			$ 280.2
Percentage of reimbursement of federal home loan	10%
Federal Home Loan Bank of New York
COMMITMENTS AND CONTINGENCIES
Line of credit	$ 1,840

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	Dec. 31, 2024	Dec. 31, 2023
Financial Assets
Derivative assets	$ 116,496	$ 122,132
Financial Liabilities
Derivative liabilities	108,347	121,265
Recurring \| Fair value hedges
Financial Liabilities
Derivative liabilities		6,594
Recurring \| Cash flow hedges
Financial Assets
Derivative assets	8,318	7,461
Financial Liabilities
Derivative liabilities	159	5,031
Recurring \| Freestanding derivatives, net
Financial Assets
Derivative assets	108,178	114,671
Financial Liabilities
Derivative liabilities	108,178	114,671
Recurring \| Risk participations
Financial Liabilities
Derivative liabilities	10
Recurring \| Level 2 \| Fair value hedges
Financial Liabilities
Derivative liabilities		6,594
Recurring \| Level 2 \| Cash flow hedges
Financial Assets
Derivative assets	8,318	7,461
Financial Liabilities
Derivative liabilities	159	5,031
Recurring \| Level 2 \| Freestanding derivatives, net
Financial Assets
Derivative assets	108,178	114,671
Financial Liabilities
Derivative liabilities	108,178	114,671
Recurring \| Level 2 \| Risk participations
Financial Liabilities
Derivative liabilities	10
Agency notes \| Recurring
Financial Assets
Securities available-for-sale:	9,607	9,371
Agency notes \| Recurring \| Level 2
Financial Assets
Securities available-for-sale:	9,607	9,371
Treasury securities \| Recurring
Financial Assets
Securities available-for-sale:		234,190
Treasury securities \| Recurring \| Level 2
Financial Assets
Securities available-for-sale:		234,190
Corporate securities \| Recurring
Financial Assets
Securities available-for-sale:	163,949	151,170
Corporate securities \| Recurring \| Level 2
Financial Assets
Securities available-for-sale:	163,949	151,170
Pass-through MBS issued by GSEs \| Recurring
Financial Assets
Securities available-for-sale:		205,285
Mortgage-backed securities	300,221
Pass-through MBS issued by GSEs \| Recurring \| Level 2
Financial Assets
Securities available-for-sale:		205,285
Mortgage-backed securities	300,221
Agency CMOs \| Recurring
Financial Assets
Securities available-for-sale:	191,888
Marketable equity securities (Registered Mutual Funds)		259,415
Agency CMOs \| Recurring \| Level 2
Financial Assets
Securities available-for-sale:	191,888
Marketable equity securities (Registered Mutual Funds)		259,415
State and municipal obligations \| Recurring
Financial Assets
Securities available-for-sale:	25,028	26,809
State and municipal obligations \| Recurring \| Level 2
Financial Assets
Securities available-for-sale:	$ 25,028	$ 26,809

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Individually Evaluated Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Individually evaluated loans outstanding balance, net of a valuation allowance	$ 10,783,192	$ 10,701,685
Allowance for credit losses	88,751	71,743
Provision for credit losses	36,113	2,770	$ 5,374
Nonrecurring
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Individually evaluated loans outstanding balance, net of a valuation allowance	9,700	7,300
Allowance for credit losses	2,100	1,000
Provision for credit losses	194	371
Nonrecurring \| Level 3
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Individually evaluated loans	7,584	6,336
Reported value measurement
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Individually evaluated loans	10,775,608	10,695,349
Reported value measurement \| Nonrecurring
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Individually evaluated loans	$ 7,584	$ 6,336

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS - Financial Instruments Not Measured at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Financial Assets
Securities held-to-maturity	$ 552,277	$ 516,930
Loans held for sale	22,625	10,159
Reported value measurement
Financial Assets
Cash and due from banks	1,283,571	457,547
Securities held-to-maturity	637,339	594,639
Loans held for sale	22,625	10,159
Loans held for investment, net	10,775,608	10,695,349
Accrued interest receivable	55,970	55,666
Financial Liabilities
Savings, money market and checking accounts	10,617,060	8,922,972
CDs	1,069,081	1,607,683
FHLBNY Advances	608,000	1,313,000
Subordinated debt, net	272,325	200,196
Other short-term borrowings	50,000
Accrued interest payable	8,586	17,298
Estimate of Fair Value Measurement
Financial Assets
Cash and due from banks	1,283,571	457,547
Securities held-to-maturity	552,277	516,930
Loans held for sale	22,625	10,159
Loans held for investment, net	10,354,366	10,305,026
Accrued interest receivable	55,970	55,666
Financial Liabilities
Savings, money market and checking accounts	10,617,060	8,922,972
CDs	1,066,630	1,602,087
FHLBNY Advances	608,908	1,312,940
Subordinated debt, net	257,464	160,696
Other short-term borrowings	50,000
Accrued interest payable	8,586	17,298
Level 1 \| Estimate of Fair Value Measurement
Financial Assets
Cash and due from banks	1,283,571	457,547
Financial Liabilities
Savings, money market and checking accounts	10,617,060	8,922,972
Other short-term borrowings	50,000
Level 2 \| Estimate of Fair Value Measurement
Financial Assets
Securities held-to-maturity	552,277	516,930
Accrued interest receivable	6,676	6,593
Financial Liabilities
CDs	1,066,630	1,602,087
FHLBNY Advances	608,908	1,312,940
Subordinated debt, net	257,464	160,696
Accrued interest payable	8,586	17,298
Level 3 \| Estimate of Fair Value Measurement
Financial Assets
Loans held for sale	22,625	10,159
Loans held for investment, net	10,354,366	10,305,026
Accrued interest receivable	$ 49,294	$ 49,073

REGULATORY CAPITAL MATTERS (Det

REGULATORY CAPITAL MATTERS (Details)	12 Months Ended
REGULATORY CAPITAL MATTERS (Details)	Dec. 31, 2024
Basel III
REGULATORY CAPITAL MATTERS
Additional capital conservation buffer (as a percentage)	0.025%

REGULATORY CAPITAL MATTERS - Sc

REGULATORY CAPITAL MATTERS - Schedule of the Company's and Bank's actual capital amounts and ratios (Details) $ in Thousands	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Common equity Tier 1 capital / % of risk weighted assets
Actual, Ratio (as a percent)	0.045	0.07
Tier 1 Capital / % of risk weighted assets
Actual, Ratio (as a percent)	0.06	0.085
Total Capital / % of risk weighted assets
Actual, Ratio (as a percent)	0.08	0.105
Basel III
Tier 1 Capital / % of average total assets
Actual, Amount	$ 1,283,038	$ 1,158,455
Actual, Ratio (as a percent)	0.094	0.085
For Capital Adequacy Purposes, Amount	$ 547,024	$ 544,529
For Capital Adequacy Purposes, Minimum Ratio (as a percent)	0.04	0.04
Common equity Tier 1 capital / % of risk weighted assets
Actual, Amount	$ 1,166,469	$ 1,041,886
Actual, Ratio (as a percent)	0.111	0.098
For Capital Adequacy Purposes, Amount	$ 474,521	$ 476,341
For Capital Adequacy Purposes, Minimum Ratio (as a percent)	0.045%	0.045%
Tier 1 Capital / % of risk weighted assets
Actual, Amount	$ 1,283,038	$ 1,158,455
Actual, Ratio (as a percent)	0.122	0.109
For Capital Adequacy Purposes, Amount	$ 632,694	$ 635,122
For Capital Adequacy Purposes, Minimum Ratio (as a percent)	0.06	0.06
Total Capital / % of risk weighted assets
Actual, Amount	$ 1,649,617	$ 1,433,361
Actual, Ratio (as a percent)	0.156	0.135
For Capital Adequacy Purposes, Amount	$ 843,592	$ 846,829
For Capital Adequacy Purposes, Minimum Ratio (as a percent)	0.08	0.08
BNB Bank \| Basel III
Tier 1 Capital / % of average total assets
Actual, Amount	$ 1,469,047	$ 1,331,676
Actual, Ratio (as a percent)	0.107	0.098
For Capital Adequacy Purposes, Amount	$ 546,759	$ 544,254
For Capital Adequacy Purposes, Minimum Ratio (as a percent)	0.04	0.04
To Be Categorized as "Well Capitalized", Amount	$ 683,449	$ 680,318
To Be Categorized as "Well Capitalized", Minimum Ratio (as a percent)	0.05	0.05
Common equity Tier 1 capital / % of risk weighted assets
Actual, Amount	$ 1,469,047	$ 1,331,676
Actual, Ratio (as a percent)	0.139	0.126
For Capital Adequacy Purposes, Amount	$ 474,269	$ 476,168
For Capital Adequacy Purposes, Minimum Ratio (as a percent)	0.045%	0.045%
To Be Categorized as "Well Capitalized", Amount	$ 685,055	$ 687,798
To Be Categorized as "Well Capitalized", Minimum Ratio (as a percent)	0.065%	0.065%
Tier 1 Capital / % of risk weighted assets
Actual, Amount	$ 1,469,047	$ 1,331,676
Actual, Ratio (as a percent)	0.139	0.126
For Capital Adequacy Purposes, Amount	$ 632,358	$ 634,890
For Capital Adequacy Purposes, Minimum Ratio (as a percent)	0.06	0.06
To Be Categorized as "Well Capitalized", Amount	$ 843,144	$ 846,520
To Be Categorized as "Well Capitalized", Minimum Ratio (as a percent)	0.08	0.08
Total Capital / % of risk weighted assets
Actual, Amount	$ 1,560,876	$ 1,406,581
Actual, Ratio (as a percent)	0.148	0.133
For Capital Adequacy Purposes, Amount	$ 843,144	$ 846,520
For Capital Adequacy Purposes, Minimum Ratio (as a percent)	0.08	0.08
To Be Categorized as "Well Capitalized", Amount	$ 1,053,931	$ 1,058,151
To Be Categorized as "Well Capitalized", Minimum Ratio (as a percent)	0.10	0.10

CONDENSED HOLDING COMPANY ONL_3

CONDENSED HOLDING COMPANY ONLY FINANCIAL STATEMENTS - CONDENSED STATEMENTS OF FINANCIAL CONDITION (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
ASSETS:
Cash and due from banks	$ 1,283,571	$ 457,547
Securities available-for-sale, at fair value	690,693	886,240
Other assets	162,857	100,013
Total assets	14,353,258	13,636,005
LIABILITIES AND STOCKHOLDERS' EQUITY:
Subordinated debt, net	272,325	200,196
Other liabilities	70,515	81,110
Stockholders' equity	1,396,517	1,226,225	$ 1,169,583	$ 1,192,620
Total liabilities and stockholders' equity	14,353,258	13,636,005
Parent Company
ASSETS:
Cash and due from banks	95,528	35,114
Securities available-for-sale, at fair value	2,850	2,693
Investment in subsidiaries	1,578,643	1,395,526
Other assets	6,180	4,401
Total assets	1,683,201	1,437,734
LIABILITIES AND STOCKHOLDERS' EQUITY:
Subordinated debt, net	272,325	200,196
Other liabilities	14,359	11,313
Stockholders' equity	1,396,517	1,226,225
Total liabilities and stockholders' equity	$ 1,683,201	$ 1,437,734

CONDENSED HOLDING COMPANY ONL_4

CONDENSED HOLDING COMPANY ONLY FINANCIAL STATEMENTS - CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
Net interest loss	$ 318,054	$ 316,571	$ 379,863
Non-interest expense	(226,547)	(213,128)	(200,730)
Income tax credit	(22,355)	(40,785)	(59,359)
Net income	29,084	96,094	152,556
Parent Company
CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
Net interest loss	(13,501)	(9,942)	(10,394)
Dividends received from Bank	50,000	60,000	95,000
Non-interest expense	(1,115)	(1,066)	(1,720)
Income before income taxes and equity in undistributed earnings of direct subsidiaries	35,384	48,992	82,886
Income tax credit	5,308	7,822	4,001
Income before equity in undistributed earnings of direct subsidiaries	40,692	56,814	86,887
Equity in undistributed earnings of subsidiaries	(11,608)	39,280	65,669
Net income	$ 29,084	$ 96,094	$ 152,556

CONDENSED HOLDING COMPANY ONL_5

CONDENSED HOLDING COMPANY ONLY FINANCIAL STATEMENTS - CONDENSED STATEMENTS OF CASH FLOWS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Adjustments to reconcile net income to net cash provided by operating activities:
Loss on extinguishment of debt	$ 454		$ 740
(Increase) decrease in other assets	9,224	$ 10,332	(35,170)
(Decrease) increase in other liabilities	(23,015)	(45,957)	145,425
Net cash provided by operating activities	99,056	90,874	295,172
Cash flows from investing activities:
Net cash provided by (used in) investing activities	64,125	(214,046)	(1,332,191)
Cash flows from financing activities:
Proceeds from subordinated debentures issuance, net	72,084		157,559
Redemption of subordinated debentures			(155,000)
Proceeds from common stock issuance, net	135,764
Release of stock for benefit plan awards	1,105	1,164	1,167
Payments related to tax withholding for equity awards	(1,347)	(1,258)	(1,558)
Treasury shares repurchased		(947)	(46,762)
Cash dividends paid to preferred stockholders	(7,286)	(7,286)	(7,286)
Cash dividends paid to common stockholders	(38,036)	(37,302)	(36,791)
Net cash provided by financing activities	662,843	411,422	812,594
Increase in cash and cash equivalents	826,024	288,250	(224,425)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	457,547	169,297	393,722
CASH AND CASH EQUIVALENTS, END OF PERIOD	1,283,571	457,547	169,297
Parent Company
Cash flows from operating activities:
Net income	29,084	96,094	152,556
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries	11,608	(39,280)	(65,669)
Net accretion	45	(87)	(111)
Loss on extinguishment of debt			740
(Increase) decrease in other assets	(1,863)	(62)	(104)
(Decrease) increase in other liabilities	803	(931)	(1,096)
Net cash provided by operating activities	39,677	55,734	86,316
Cash flows from financing activities:
Proceeds from subordinated debentures issuance, net	72,084		157,559
Redemption of subordinated debentures			(155,000)
Proceeds from common stock issuance, net	135,764
Release of stock for benefit plan awards	1,105	1,164	1,167
Payments related to tax withholding for equity awards	(1,347)	(1,258)	(1,558)
Treasury shares repurchased		(947)	(46,762)
Cash dividends paid to preferred stockholders	(7,286)	(7,286)	(7,286)
Cash dividends paid to common stockholders	(38,036)	(37,302)	(36,791)
Other, net	(141,547)
Net cash provided by financing activities	20,737	(45,629)	(88,671)
Increase in cash and cash equivalents	60,414	10,105	(2,355)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	35,114	25,009	27,364
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 95,528	$ 35,114	$ 25,009

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details)	12 Months Ended
SEGMENT INFORMATION (Details)	Dec. 31, 2024 segment customer	Dec. 31, 2023 customer	Dec. 31, 2022 customer
SEGMENT INFORMATION
Number of Operating Segments	1
Number of Reportable Segments	1
Customers that accounted for more than 10% of the Company's consolidated revenue \| customer	0	0	0