Cover Page - USD ($) $ in Millions	12 Months Ended
Cover Page - USD ($) $ in Millions	Dec. 31, 2024	Feb. 03, 2025	Jun. 30, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	1-31566
Entity Registrant Name	PROVIDENT FINANCIAL SERVICES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	42-1547151
Entity Address, Address Line One	239 Washington Street
Entity Address, City or Town	Jersey City
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07302
City Area Code	732
Local Phone Number	590-9200
Title of 12(b) Security	Common
Trading Symbol	PFS
Security Exchange Name	NYSE
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 Common Stock, Shares Outstanding		130,489,493
Entity Public Float			$ 1,730
Documents Incorporated by Reference	Proxy Statement for the 2025 Annual Meeting of Stockholders of the Registrant (Part III).
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Entity Central Index Key	0001178970

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2024
Audit Information [Abstract]
Auditor Location	New York, New York
Auditor Firm ID	185
Auditor Name	KPMG LLP

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 205,914	$ 180,241
Short-term investments	25	14
Total cash and cash equivalents	205,939	180,255
Available for sale debt securities, at fair value	2,768,915	1,690,112
Held to maturity debt securities, (net of $14,000 allowance as of December 31, 2024 and $31,000 as of December 31, 2023, respectively)	327,623	363,080
Equity securities, at fair value	19,110	1,270
Federal Home Loan Bank and other stock	112,767	79,217
Loans held for sale	162,453	1,785
Loans held for investment	18,659,370	10,871,916
Less allowance for credit losses	193,432	107,200
Net loans	18,628,391	10,766,501
Foreclosed assets, net	9,473	11,651
Banking premises and equipment, net	119,622	70,998
Accrued interest receivable	91,160	58,966
Goodwill and other intangible assets	819,230	457,942
Bank-owned life insurance	405,893	243,050
Other assets	543,702	287,768
Total assets	24,051,825	14,210,810
Deposits:
Demand deposits	13,775,991	8,020,889
Savings deposits	1,679,667	1,175,683
Certificates of deposit of $250 thousand or more	789,342	218,549
Other time deposits	2,378,813	877,393
Total deposits	18,623,813	10,292,514
Mortgage escrow deposits	42,247	36,838
Borrowed funds	2,020,435	1,970,033
Subordinated debentures	401,608	10,695
Other liabilities	362,515	210,134
Total liabilities	21,450,618	12,520,214
Stockholders’ Equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued	0	0
Common stock, $0.01 par value, 200,000,000 shares authorized, 137,565,966 shares issued and 130,489,493 shares outstanding as of December 31, 2024, and 75,537,186 shares outstanding as of December 31, 2023	1,376	832
Additional paid-in capital	1,834,495	989,058
Retained earnings	989,111	974,542
Accumulated other comprehensive (loss) income, net of tax	(135,355)	(141,115)
Treasury stock	(88,420)	(127,825)
Unallocated common stock held by the Employee Stock Ownership Plan	0	(4,896)
Common stock acquired by deferred compensation plans	0	(2,694)
Deferred compensation plans	0	2,694
Total stockholders’ equity	2,601,207	1,690,596
Total liabilities and stockholders’ equity	$ 24,051,825	$ 14,210,810

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Held-to-maturity, debt securities, allowance	$ 14	$ 31
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	137,565,966	137,565,966
Common stock, shares outstanding (in shares)	130,489,493	75,537,186

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Interest and dividend income:
Real estate secured loans	$ 655,868	$ 408,942	$ 304,321
Commercial loans	251,793	128,854	98,961
Consumer loans	36,635	18,439	14,368
Available for sale debt securities and Federal Home Loan Bank stock	85,895	46,790	36,619
Held to maturity debt securities	8,885	9,362	9,894
Deposits, federal funds sold and other short-term investments	7,062	3,433	2,018
Total interest and dividend income	1,046,138	615,820	466,181
Interest expense:
Deposits	349,523	159,459	38,704
Borrowed funds	73,523	55,856	9,310
Subordinated debentures	22,478	1,051	615
Total interest expense	445,524	216,366	48,629
Net interest income	600,614	399,454	417,552
Provision charge for credit losses	87,564	28,168	5,004
Net interest income after provision for credit losses	513,050	371,286	412,548
Non-interest income:
Fees	34,114	24,396	28,128
Wealth management income	30,533	27,669	27,870
Insurance agency income	16,201	13,934	11,440
Bank-owned life insurance	11,709	6,482	5,988
Net (loss) gain on securities transactions	(2,986)	30	181
Other income	4,542	7,318	14,182
Total non-interest income	94,113	79,829	87,789
Non-interest expense:
Compensation and employee benefits	218,341	148,497	147,203
Net occupancy expense	45,014	32,271	34,566
Data processing expense	35,579	22,993	21,729
FDIC Insurance	12,964	8,578	5,195
Advertising and promotion expense	5,146	4,822	5,191
Amortization of intangibles	28,931	2,952	3,292
Merger-related expenses	56,867	7,826	4,128
Other operating expenses	54,706	47,397	38,927
Total non-interest expense	457,548	275,336	260,231
Income before income tax expense	149,615	175,779	240,106
Income tax expense	34,090	47,381	64,458
Net income	$ 115,525	$ 128,398	$ 175,648
Basic earnings per share (in dollars per share)	$ 1.05	$ 1.72	$ 2.35
Average basic shares outstanding (in shares)	109,668,911	74,844,489	74,700,623
Diluted earnings per share (in dollars per share)	$ 1.05	$ 1.71	$ 2.35
Average diluted shares outstanding (in shares)	109,712,732	74,873,256	74,782,370

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 115,525	$ 128,398	$ 175,648
Unrealized gains and losses on available for sale debt securities:
Net unrealized gains (losses) arising during the period	7,841	32,125	(186,361)
Reclassification adjustment for losses (gains) included in net income	2,087	0	(42)
Total	9,928	32,125	(186,403)
Unrealized (losses) on derivatives designated as cash flow hedges:
Net unrealized gains arising during the period	3,179	2,388	19,201
Reclassification adjustment for gains included in net income	(9,557)	(12,948)	(3,297)
Total	(6,378)	(10,560)	15,904
Amortization related to post-retirement obligations	2,210	2,365	(1,409)
Total other comprehensive income (loss), net of tax	5,760	23,930	(171,908)
Total comprehensive income	$ 121,285	$ 152,328	$ 3,740

Consolidated Statement of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	COMMON STOCK	ADDITIONAL PAID-IN CAPITAL	RETAINED EARNINGS	RETAINED EARNINGS Cumulative Effect, Period of Adoption, Adjustment	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	TREASURY STOCK	UNALLOCATED ESOP SHARES	COMMON STOCK ACQUIRED BY DEFERRED COMP PLANS	DEFERRED COMPENSATION PLANS
Balance at the beginning of the period at Dec. 31, 2021	$ 1,697,096		$ 832	$ 969,815	$ 814,533		$ 6,863	$ (79,603)	$ (15,344)	$ (3,984)	$ 3,984
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	175,648				175,648
Other comprehensive income (loss), net of tax	(171,908)						(171,908)
Cash dividends paid	(72,023)				(72,023)
Distributions from deferred comp plans	176			176						557	(557)
Purchases of treasury stock	(46,530)							(46,530)
Purchase of employee restricted shares to fund statutory tax withholding	(1,021)							(1,021)
Option exercises	0
Allocation of Employee Stock Ownership Plan ("ESOP") shares	6,660			1,542					5,118
Allocation of Stock Award Plan ("SAP") shares	9,407			9,407
Allocation of stock options	198			198
Balance at the end of the period at Dec. 31, 2022	1,597,703	$ 433	832	981,138	918,158	$ 433	(165,045)	(127,154)	(10,226)	(3,427)	3,427
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	128,398				128,398
Other comprehensive income (loss), net of tax	$ 23,930						23,930
Cumulative effect of adopting Accounting Standards Update ("ASU") No. 2022-02, net of tax	Accounting Standards Update 2022-02 [Member]
Cash dividends paid	$ (72,447)				(72,447)
Distributions from deferred comp plans	152			152						733	(733)
Purchases of treasury stock	0
Purchase of employee restricted shares to fund statutory tax withholding	(1,678)							(1,678)
Option exercises	790			(217)				1,007
Allocation of Employee Stock Ownership Plan ("ESOP") shares	5,602			272					5,330
Allocation of Stock Award Plan ("SAP") shares	7,569			7,569
Allocation of stock options	144			144
Balance at the end of the period at Dec. 31, 2023	1,690,596		832	989,058	974,542		(141,115)	(127,825)	(4,896)	(2,694)	2,694
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	115,525				115,525
Other comprehensive income (loss), net of tax	5,760						5,760
Cash dividends paid	(100,956)				(100,956)
Distributions from deferred comp plans	102			102						2,694	(2,694)
Reclass of stock award shares	0			(40,728)				40,728
Purchase of employee restricted shares to fund statutory tax withholding	(1,323)							(1,323)
Shares issued due to acquisition	876,778		544	876,234
Option exercises	0
Allocation of Employee Stock Ownership Plan ("ESOP") shares	5,131			235					4,896
Allocation of Stock Award Plan ("SAP") shares	9,517			9,517
Allocation of stock options	77			77
Balance at the end of the period at Dec. 31, 2024	$ 2,601,207		$ 1,376	$ 1,834,495	$ 989,111		$ (135,355)	$ (88,420)	$ 0	$ 0	$ 0

Consolidated Statement of Changes in Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Cash dividends paid (in dollars per share)	$ 0.96	$ 0.96	$ 0.96

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net income	$ 115,525,000	$ 128,398,000	$ 175,648,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	41,499,000	11,695,000	13,076,000
Provision charge for credit losses	87,564,000	28,168,000	5,004,000
Deferred tax (benefit) expense	(12,271,000)	2,725,000	2,220,000
Amortization of operating lease right-of-use assets	13,088,000	10,495,000	10,617,000
Income on Bank-owned life insurance	(11,709,000)	(6,482,000)	(5,988,000)
Net amortization of premiums and discounts on securities	7,135,000	8,326,000	12,673,000
Accretion of net deferred loan fees	(7,201,000)	(8,724,000)	(9,262,000)
Amortization of premiums on purchased loans, net	314,000	206,000	270,000
Originations of loans held for sale	(70,045,000)	(19,371,000)	(22,295,000)
Loans transferred to held for sale	151,281,000	0	0
Proceeds from sales of loans originated for sale	62,416,000	22,895,000	20,521,000
ESOP expense	2,601,000	3,086,000	4,140,000
Allocation of stock award shares	9,517,000	7,569,000	9,407,000
Allocation of stock options	77,000	144,000	198,000
Net gain on sale of loans	(1,758,000)	(2,019,000)	(1,515,000)
Net loss (gain) on securities transactions	2,986,000	(30,000)	(181,000)
Net loss (gain) on sale of premises and equipment	0	154,000	(22,000)
Net gain on sale of foreclosed assets	(214,000)	(2,854,000)	(8,541,000)
Net change in balance sheet:
Increase in accrued interest receivable	(4,953,000)	(7,063,000)	(9,913,000)
Decrease (increase) in other assets	23,214,000	25,085,000	(56,291,000)
Increase (decrease) in other liabilities	17,315,000	(29,007,000)	60,544,000
Net cash provided by operating activities	426,381,000	173,396,000	200,310,000
Cash flows from investing activities:
Net increase in loans	(193,990,000)	(625,691,000)	(649,216,000)
Proceeds from sales of loans held for investment	0	2,017,000	0
Proceeds from sales of foreclosed assets	708,000	4,340,000	16,155,000
Proceeds from maturities, calls and paydowns of investment securities held to maturity	51,782,000	40,816,000	73,841,000
Purchases of investment securities held to maturity	(18,363,000)	(17,099,000)	(27,043,000)
Proceeds from sales of securities available for sale	566,942,000	0	0
Proceeds from maturities calls and paydowns of securities available for sale	335,256,000	189,542,000	278,779,000
Purchases of securities available for sale	(403,999,000)	(40,089,000)	(290,426,000)
Proceeds from redemption of Federal Home Loan Bank stock	205,066,000	212,527,000	162,987,000
Purchases of Federal Home Loan Bank stock	(237,964,000)	(223,190,000)	(197,251,000)
Cash received, net of cash consideration paid for acquisition	194,548,000	0	0
BOLI claim benefits received	8,995,000	3,873,000	970,000
Purchases of loans	0	(9,263,000)	(6,971,000)
Proceeds from sales of premises and equipment	0	105,000	22,000
Purchases of premises and equipment	(1,307,000)	(7,488,000)	(9,411,000)
Net cash provided by (used in) investing activities	507,674,000	(469,600,000)	(647,564,000)
Cash flows from financing activities:
Net decrease in deposits	(291,625,000)	(270,510,000)	(670,988,000)
(Decrease) increase in mortgage escrow deposits	(122,000)	1,133,000	1,265,000
Purchase of treasury stock	0	0	(46,530,000)
Purchase of employee restricted shares to fund statutory tax withholding	(1,323,000)	(1,678,000)	(1,021,000)
Cash dividends paid to stockholders	(100,956,000)	(72,447,000)	(72,023,000)
Stock options exercised	0	790,000	0
Proceeds from long-term borrowings	635,900,000	534,807,000	3,982,100,000
Repayments of long-term borrowings	(1,390,028,000)	(58,443,000)	(3,252,556,000)
Net increase (decrease) in short-term borrowings	18,603,000	156,299,000	(18,948,000)
Proceeds from subordinated debentures	221,180,000	0	0
Net cash (used in) provided by financing activities	(908,371,000)	289,951,000	(78,701,000)
Net increase (decrease) in cash and cash equivalents	25,684,000	(6,253,000)	(525,955,000)
Cash and cash equivalents at beginning of period	180,185,000	186,438,000	685,163,000
Restricted cash at beginning of period	70,000	70,000	27,300,000
Total cash, cash equivalents and restricted cash at beginning of period	180,255,000	186,508,000	712,463,000
Cash and cash equivalents at end of period	205,869,000	180,185,000	186,438,000
Restricted cash at end of period	70,000	70,000	70,000
Total cash, cash equivalents and restricted cash at end of period	205,939,000	180,255,000	186,508,000
Cash paid during the period for:
Interest on deposits and borrowings	397,282,000	210,345,000	46,896,000
Income taxes	36,184,000	46,461,000	51,050,000
Non cash investing activities:
Initial recognition of operating lease right-of-use assets	14,742,000	0	0
Initial recognition of operating lease liabilities	14,742,000	0	0
Transfer of loans receivable to foreclosed assets	0	15,131,000	1,208,000
Non-cash assets acquired at fair value:
Investment securities	1,632,106,000	0	0
Loans held for sale	1,494,000	0	0
Loans held for investment	7,889,138,000	0	0
Bank-owned life insurance	160,646,000	0	0
Goodwill and other intangible assets	390,361,000	0	0
Bank premises and equipment	60,578,000	0	0
Other assets	263,722,000	0	0
Total non-cash assets acquired at fair value	10,398,045,000	0	0
Liabilities assumed:
Deposits	8,622,924,000	0	0
Borrowings and subordinated debt	785,927,000	0	0
Subordinated debentures	166,366,000	0	0
Other liabilities	140,598,000	0	0
Total liabilities assumed	9,715,815,000	0	0
Common stock issued for acquisitions	$ 876,779,000	$ 0	$ 0

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation The consolidated financial statements include the accounts of Provident Financial Services, Inc. (the “Company”), Provident Bank (the “Bank”) and their wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Certain reclassifications have been made in the consolidated financial statements to conform with current year classifications. Business The Company, through the Bank, provides a full range of banking services to individual and business customers through branch offices in New Jersey, Queens and Nassau Counties, New York and eastern Pennsylvania. The Bank is subject to competition from other financial institutions and to the regulations of certain federal and state agencies, and undergoes periodic examinations by those regulatory authorities. Basis of Financial Statement Presentation The consolidated financial statements of the Company have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”). In preparing the consolidated financial statements, management is required to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the reported amounts of assets and liabilities and disclosures about contingent assets and liabilities as of the dates of the consolidated statements of financial condition, and revenues and expenses for the periods then ended. Such estimates are used in connection with the determination of the allowance for credit losses, evaluation of goodwill for impairment, evaluation of the need for valuation allowances on deferred tax assets, determination of liabilities related to retirement and other post-retirement benefits, and valuation estimates of assets acquired and liabilities assumed in connection with the merger with Lakeland, among others. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the currently forecasted economic environment, which management believes to be reasonable under the circumstances. Such estimates and assumptions are adjusted when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in estimates will be reflected in the financial statements in future periods. Segment Reporting We conduct our operations through a single business segment. Substantially all of our interest and fees on loans and long-lived assets relate to our operations. Pursuant to FASB ASC 280, Segment Reporting, operating segments represent components of an enterprise for which separate financial information is available that is regularly evaluated by the chief operating decision maker in determining how to allocate resources and in assessing performance. The chief operating decision maker uses a variety of measures to assess the performance of the business as a whole, depending on the nature of the activity. The Company generates revenue from several business channels. Those streams are organized by the types of partners we work with to reach our customers, with success principally measured based on interest and fees on loans, loan receivables, active accounts and other sales metrics. Detailed profitability information of the nature that could be used to allocate resources and assess the performance and operations for each sales platform individually, however, is not used by our chief operating decision maker. Expense activities, including funding costs, credit losses and operating expenses, are not measured for each platform but instead are managed for the Company as a whole. Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash and due from banks, Federal funds sold and commercial paper with original maturity dates less than 90 days. Securities Securities include held to maturity debt securities and available for sale debt securities. The available for sale debt securities portfolio is carried at estimated fair value, with any unrealized gains or losses, net of taxes, reported as accumulated other comprehensive income or loss in Stockholders’ Equity. Estimated fair values are provided by reputable and widely used pricing services who maintain pricing methodologies appropriate for varying security classes using valuation techniques that are in accordance with GAAP. Securities which the Company has the positive intent and ability to hold to maturity are classified as held to maturity debt securities and carried at amortized cost. On January 1, 2020, the Company adopted the current expected credit loss ("CECL") methodology which replaces the incurred loss methodology with an expected loss methodology. Management measures expected credit losses on held to maturity debt securities on a collective basis by security type. Management classifies the held to maturity debt securities portfolio into the following security types: •Government-agency obligations; •Mortgage-backed securities; •State and municipal obligations; and •Corporate obligations. All of the agency obligations held by the Company are issued by U.S. government entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. The majority of the state and municipal and corporate obligations carry credit ratings from the rating agencies as of December 31, 2024 that were no lower than an A rating and the Company had no securities rated BBB or worse by Moody’s Ratings ("Moody's"). Premiums on securities are amortized into income using a method that approximates the interest method over the remaining period to the earliest call date or contractual maturity, adjusted for anticipated prepayments. Discounts on securities are accreted into income over the remaining period to the contractual maturity, adjusted for anticipated prepayments. Interest income is recognized on an accrual basis, while dividend income is recognized when earned. Realized gains and losses are recognized when securities are sold or called based on the specific identification method. Accrued interest receivable on held to maturity debt securities are excluded from the estimate of credit losses. See Notes 3 and 4 for additional information on investment securities. Equity Securities The Company holds equity securities that are traded in active markets with readily determinable fair value using quoted market prices. Fair Value of Financial Instruments GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Federal Home Loan Bank of New York Stock The Bank, as a member of the Federal Home Loan Bank of New York (“FHLBNY”), is required to hold shares of capital stock of the FHLBNY at cost based on a specified formula. The Bank carries this investment at cost, which approximates fair value. Loans Loans receivable are carried at unpaid principal balances plus unamortized premiums, purchase accounting mark-to-market adjustments and certain deferred loan origination costs, less certain deferred direct loan origination fees, unaccreted discounts, and the allowance for credit losses. The Bank defers loan origination fees and certain direct loan origination costs and accretes or amortizes such amounts as an adjustment to the yield over the contractual lives of the related loans using the interest method. Premiums and discounts, purchase accounting mark-to-market adjustments on loans purchased are amortized or accreted as an adjustment of yield over the contractual lives of the related loans, adjusted for prepayments when applicable, using the effective interest method. Loans are generally placed on non-accrual status when they are past due 90 days or more as to contractual obligations or when other circumstances indicate that collection is questionable. When a loan is placed on non-accrual status, any interest accrued but not received is reversed against interest income. Payments received on a non-accrual loan are either applied to the outstanding principal balance or recorded as interest income, depending on an assessment of the ability to collect the loan. A non-accrual loan is restored to accrual status when principal and interest payments become less than 90 days past due and its future collectability is reasonably assured. An impaired loan is defined as a loan for which it is probable, based on current information, that the Bank will not collect all amounts due under the contractual terms of the loan agreement. Impaired loans are individually assessed to determine that each loan’s carrying value is not in excess of the fair value of the related collateral or the present value of the expected future cash flows. Residential mortgage and consumer loans are deemed smaller balance homogeneous loans which are evaluated collectively for impairment and are therefore excluded from the population of impaired loans. Purchased credit deteriorated (“PCD”) loans are loans acquired that have experienced more-than-insignificant deterioration in credit quality since origination. Allowance for Credit Losses on Loans On January 1, 2020, the Company adopted ASU 2016-13, "Measurement of Credit Losses on Financial Instruments,” which replaced the incurred loss methodology with the CECL methodology. The allowance for credit losses is a valuation account that reflects management’s evaluation of the current expected credit losses in the loan portfolio. The Company maintains the allowance for credit losses through provisions for credit losses that are charged to income. Charge-offs against the allowance for credit losses are taken on loans where management determines that the collection of loan principal and interest is unlikely. Recoveries made on loans that have been charged-off are credited to the allowance for credit losses. The allowance for credit losses is a valuation account that reflects management’s evaluation of the current expected credit losses in the loan portfolio. The Company maintains the allowance for credit losses through provisions for credit losses that are charged to income. Charge-offs against the allowance for credit losses are taken on loans where management determines that the collection of loan principal and interest is unlikely. Recoveries made on loans that have been charged-off are credited to the allowance for credit losses. The calculation of the allowance for credit losses is a critical accounting policy of the Company. Management estimates the allowance using relevant available information, from internal and external sources, related to past events, current conditions, and a reasonable and supportable forecast. Historical credit loss experience for both the Company and peers provides the basis for the estimation of expected credit losses, where observed credit losses are converted to probability of default rate (“PDR”) curves through the use of segment-specific loss given default (“LGD”) risk factors that convert default rates to loss severity based on industry-level, observed relationships between the two variables for each segment, primarily due to the nature of the underlying collateral. These risk factors were assessed for reasonableness against the Company’s own loss experience and adjusted in certain cases when the relationship between the Company’s historical default and loss severity deviate from that of the wider industry. The historical PDR curves, together with corresponding economic conditions, establish a quantitative relationship between economic conditions and loan performance through an economic cycle. Using the historical relationship between economic conditions and loan performance, management’s expectation of future loan performance is incorporated using an externally developed economic forecast. This forecast is applied over a period that management has determined to be reasonable and supportable. Beyond the period over which management can develop or source a reasonable and supportable forecast, the model will revert to long-term average economic conditions using a straight-line, time-based methodology. The Company's current forecast period is six quarters, with a four-quarter reversion period to historical average macroeconomic factors. The Company's economic forecast is approved by the Company's ACL Committee. The allowance for credit losses is measured on a collective (pool) basis, with both a quantitative and qualitative analysis that is applied on a quarterly basis, when similar risk characteristics exist. The respective quantitative allowance for each loan segment is measured using an econometric, discounted PDR/LGD modeling methodology in which distinct, segment-specific multi-variate regression models are applied to an external economic forecast. Under the discounted cash flows methodology, expected credit losses are estimated over the effective life of the loans by measuring the difference between the net present value of modeled cash flows and amortized cost basis. Contractual cash flows over the contractual life of the loans are the basis for modeled cash flows, adjusted for modeled defaults and expected prepayments and discounted at the loan-level effective interest rate. The contractual term excludes expected extensions, renewals and modifications unless either of the following applies at the reporting date: management has a reasonable expectation that a modification will be executed with an individual borrower; or when an extension or renewal option is included in the original contract and is not unconditionally cancellable by the Company. Management will assess the likelihood of the option being exercised by the borrower and appropriately extend the maturity for modeling purposes. The Company considers qualitative adjustments to credit loss estimates for information not already captured in the quantitative component of the loss estimation process. Qualitative factors are based on portfolio concentration levels, model imprecision, changes in industry conditions, changes in the Company’s loan review process, changes in the Company’s loan policies and procedures, and economic forecast uncertainty. One of the most significant judgments involved in estimating the Company’s allowance for credit losses on loans relates to the macroeconomic forecasts used to estimate expected credit losses over the forecast period. As of December 31, 2024, the model incorporated Moody’s baseline economic forecast, as adjusted for qualitative factors, as well as an extensive review of classified loans and loans that were classified as impaired with a specific reserve assigned to those loans. The allowance estimation process resulted in a total provision on loans of $83.6 million for the year ended December 31, 2024, and an overall coverage ratio of 104 basis points. Of the $83.6 million provision for the year, $60.1 million was recorded as part of the Lakeland merger in accordance with GAAP requirements for accounting for business combinations. Management believes the allowance for credit losses accurately represents the estimated inherent losses, factoring in the qualitative adjustment and other assumptions, including the selection of the baseline forecast within the model. If the Company used a more severe outlook, the provision would have risen by approximately $16.0 million, leading to an overall coverage ratio of approximately 112 basis points. Portfolio segment is defined as the level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses. Management developed segments for estimating loss based on type of borrower and collateral which is generally based upon federal call report segmentation. The segments have been combined or sub-segmented as needed to ensure loans of similar risk profiles are appropriately pooled. As of December 31, 2024, the portfolio and class segments for the Company’s loan portfolio were: •Mortgage Loans – Residential, Commercial Real Estate, Multi-Family and Construction •Commercial Loans – Commercial Owner-Occupied and Commercial Non-Owner Occupied •Consumer Loans – First Lien Home Equity and Other Consumer The allowance for credit losses on loans individually evaluated for impairment is based upon loans that have been identified through the Company’s normal loan monitoring process. This process includes the review of delinquent and problem loans at the Company’s Delinquency, Credit, Credit Risk Management and Allowance Committees; or which may be identified through the Company’s loan review process. Generally, the Company only evaluates loans individually for impairment if the loan is non-accrual, non-homogeneous and the balance is greater than $1.0 million. In instances where the loan is under $1.0 million, but part of a relationship over $1.0 million, all loans in the relationship would be evaluated individually for impairment. For all classes of loans deemed collateral-dependent, the Company estimates expected credit losses based on the fair value of the collateral less any selling costs. If the loan is not collateral dependent, the allowance for credit losses related to individually assessed loans is based on discounted expected cash flows using the loan’s initial effective interest rate. For loans acquired that have experienced more-than-insignificant deterioration in credit quality since their origination are considered PCD loans. The Company evaluates acquired loans for deterioration in credit quality based on any of, but not limited to, the following: (1) non-accrual status; (2) modification designation; (3) risk ratings of special mention, substandard or doubtful; (4) watchlist credits; and (5) delinquency status, including loans that are current on acquisition date, but had been previously delinquent. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. Subsequent to the acquisition date, the initial allowance for credit losses on PCD loans will increase or decrease based on future evaluations, with changes recognized in the provision for credit losses. Management believes the primary risks inherent in the portfolio are a general decline in the economy, a decline in real estate market values, rising unemployment or a protracted period of elevated unemployment, increasing vacancy rates in commercial investment properties and possible increases in interest rates in the absence of economic improvement. Any one or a combination of these events may adversely affect borrowers’ ability to repay the loans, resulting in increased delinquencies, credit losses and higher levels of provisions. Management considers it important to maintain the ratio of the allowance for credit losses to total loans at an acceptable level given current and forecasted economic conditions, interest rates and the composition of the portfolio. The CECL approach to calculate the allowance for credit losses on loans is significantly influenced by the composition, characteristics, and quality of the Company’s loan portfolio, as well as the prevailing economic conditions and forecast utilized. Material changes to these and other relevant factors creates greater volatility to the allowance for credit losses, and therefore, greater volatility to the Company’s reported earnings. Although management believes that the Company has established and maintained the allowance for credit losses at appropriate levels, additions may be necessary if future economic and other conditions differ substantially from the current operating environment and economic forecast. Management evaluates its estimates and assumptions on an ongoing basis giving consideration to forecasted economic factors, historical loss experience and other factors. The model includes both quantitative and qualitative components. Such estimates and assumptions are adjusted when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods, and to the extent actual losses are higher than management estimates, additional provision for credit losses on loans could be required and could adversely affect our earnings or financial position in future periods. In addition, various regulatory agencies periodically review the adequacy of the Company’s allowance for credit losses as an integral part of their examination process. Such agencies may require the Company to recognize additions to the allowance or additional write-downs based on their judgments about information available to them at the time of their examination. Although management uses the best information available, the level of the allowance for credit losses remains an estimate that is subject to significant judgment and short-term volatility. See Note 5 to the Consolidated Financial Statements for more information on the allowance for credit losses on loans. Material changes to these and other relevant factors creates greater volatility to the allowance for credit losses, and therefore, greater volatility to the Company’s reported earnings. For the year ended December 31, 2024, the increase in provision was primarily attributable to an initial CECL provision for credit losses on loans of $60.1 million recorded as part of the Lakeland merger in accordance with GAAP requirements for accounting for business combinations, combined with some economic forecast deterioration over the current twelve-month period within our CECL model, compared to last year. Foreclosed Assets Assets acquired through foreclosure or deed in lieu of foreclosure are carried at the lower of the outstanding loan balance at the time of foreclosure or fair value, less estimated costs to sell. Fair value is generally based on recent appraisals. When an asset is acquired, the excess of the loan balance over fair value, less estimated costs to sell, is charged to the allowance for credit losses. A reserve for foreclosed assets may be established to provide for possible write-downs and selling costs that occur subsequent to foreclosure. Foreclosed assets are carried net of the related reserve. Operating results from real estate owned, including rental income, operating expenses, and gains and losses realized from the sales of real estate owned, are recorded as incurred. Banking Premises and Equipment Land is carried at cost. Banking premises, furniture, fixtures and equipment are carried at cost, less accumulated depreciation, computed using the straight-line method based on their estimated useful lives. Leasehold improvements, carried at cost, net of accumulated depreciation, are amortized over the terms of the leases or the estimated useful lives of the assets, whichever are shorter, using the straight-line method. Maintenance and repairs are charged to expense as incurred. Income Taxes 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 estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in tax expense in the period that includes the enactment date. Deferred tax assets and liabilities are reported as a component of Other Assets on the Consolidated Statements of Financial Condition. The determination of whether deferred tax assets will be realizable is predicated on estimates of future taxable income. Such estimates are subject to management’s judgment. A valuation reserve is established when management is unable to conclude that it is more likely than not that it will realize deferred tax assets based on the nature and timing of these items. The Company recognizes, when applicable, interest and penalties related to unrecognized tax benefits in the provision for income taxes. Trust Assets Trust assets consisting of securities and other property (other than cash on deposit held by the Bank in fiduciary or agency capacities for customers of the Bank’s wholly owned subsidiary, Beacon) are not included in the accompanying consolidated statements of financial condition because such properties are not assets of the Bank. Intangible Assets Intangible assets of the Bank consist of goodwill, core deposit premiums, customer relationship premium and mortgage servicing rights. Goodwill represents the excess of the purchase price over the estimated fair value of identifiable net assets acquired through purchase acquisitions. In accordance with GAAP, goodwill with an indefinite useful life is not amortized, but is evaluated for impairment on an annual basis, or more frequently if events or changes in circumstances indicate potential impairment between annual measurement dates. As permitted by GAAP, the Company prepares a qualitative assessment in determining whether goodwill may be impaired. The factors considered in the assessment include macroeconomic conditions, industry and market conditions and overall financial performance of the Company, including share price, among others. The Company completed its annual qualitative assessment of goodwill as of July 1, 2024. Based upon its assessment of goodwill, the Company concluded that no further quantitative analysis was warranted. Core deposit premiums represent the intangible value of depositor relationships assumed in previous purchase acquisitions and are amortized on an accelerated basis over 8.8 years, while the core deposit premiums related to SB One and Lakeland are amortized over its estimated useful life of 10.0 years. Customer relationship premiums represent the intangible value of customer relationships assumed in the purchase acquisitions of Beacon Trust Company, The MDE Group, Inc., Tirschwell & Loewy, Inc., and SB One Bank and are amortized on an accelerated basis over 12.0 years, 10.4 years, 10.0 years, and 13.0 years, respectively. Mortgage servicing rights are recorded when purchased or when originated mortgage loans are sold, with servicing rights retained. Mortgage servicing rights are amortized on an accelerated method based upon the estimated lives of the related loans, adjusted for prepayments. Mortgage servicing rights are carried at the lower of amortized cost or fair value. Bank-owned Life Insurance Bank-owned life insurance is accounted for using the cash surrender value method and is recorded at its realizable value. Employee Benefit Plans The Bank maintains a pension plan which covers full-time employees hired prior to April 1, 2003, the date on which the pension plan was frozen. The Bank’s policy is to fund at least the minimum contribution required by the Employee Retirement Income Security Act of 1974. GAAP requires an employer to: (a) recognize in its statement of financial condition the over-funded or under-funded status of a defined benefit post-retirement plan measured as the difference between the fair value of plan assets and the benefit obligation; (b) measure a plan’s assets and its obligations that determine its funded status at the end of the employer’s fiscal year (with limited exceptions); and (c) recognize as a component of other comprehensive income, net of tax, the actuarial gains and losses and the prior service costs and credits that arise during the period. The Bank has a 401(k) plan, and in connection with the merger with Lakeland assumed the Lakeland Bancorp, Inc. Salary Savings 401(k) and Trust Plan, both of which cover substantially all employees of the Bank. The Bank may provide a matching contribution to eligible participants. The Bank’s matching contribution, if any, is determined by the board of directors in its sole discretion. In 2024, the board of directors approved a matching contribution of 25% of the first 6% of eligible compensation contributed by participants in the Provident Bank 401(k) plan. The Bank has an Employee Stock Ownership Plan (“ESOP”). The funds borrowed by the ESOP from the Company to purchase the Company’s common stock are being repaid from the Bank’s contributions and dividends paid on unallocated ESOP shares over a period of up to 30 years. The Company’s common stock not allocated to participants is recorded as a reduction of stockholders’ equity at cost. Compensation expense for the ESOP is based on the average price of the Company’s stock during each quarter and the amount of shares allocated during the quarter. The Bank made the final repayment on borrowed funds in December 2024 and a final allocation of shares will be made to participants. The Bank has an Equity Plan designed to provide competitive compensation for demonstrated performance and to align the interests of participants directly to increases in shareholder value. The Equity Plan provides for performance-vesting grants as well as time-vesting grants. Time-vesting stock awards, stock options and performance vesting stock awards that are based on a performance condition, such as return on average assets, are valued on the closing stock price on the date of grant. Performance-vesting stock awards and options that are based on a market condition, such as total shareholder return, would be valued using a generally accepted statistical technique to simulate future stock prices for the Bank and the components of the peer group which the Bank would be measured against. Expense related to time-vesting stock awards and stock options is based on the fair value of the common stock on the date of the grant and on the fair value of the stock options on the date of the grant, respectively, and is recognized ratably over the vesting period of the awards. Performance vesting stock awards and stock options are either dependent upon a market condition or a performance condition. A market condition performance metric is tied to a stock price, either on an absolute basis, or a relative basis against peers, while a performance-condition is based on internal operations, such as earnings per share. The expense related to a market condition performance-vesting stock award or stock option requires an initial Monte Carlo simulation to determine grant date fair value, which will be recognized as a compensation expense regardless of actual payout, assuming that the executive is still employed at the end of the requisite service period. If pre-vesting termination (forfeiture) occurs, then any expense recognized to date can be reversed. The grant date fair value is recognized ratably over the performance period. The expense related to a performance condition stock award or stock option is based on the fair value of the award on the date of grant, adjusted periodically based upon the number of awards or options expected to be earned, recognized over the performance period. In connection with the First Sentinel acquisition in July 2004, the Company assumed the First Savings Bank Directors’ Deferred Fee Plan (the “DDFP”). The DDFP was frozen prior to the acquisition. The Company recorded a deferred compensation equity instrument and corresponding contra-equity account for the value of the shares held by the DDFP at the July 14, 2004 acquisition date. Effective November 1, 2023, the DDFP was terminated and final distributions were made on or about November 1, 2024. As of December 31, 2024, there were no shares held by the DDFP. The Bank maintains a non-qualified plan that provides supplemental benefits to certain executives who are prevented from receiving the full benefits contemplated by the 401(k) Plan’s and the ESOP’s benefit formulas under tax law limits for tax-qualified plans. In addition, and in connection with the merger with Lakeland, the Bank assumed the Lakeland Bancorp, Inc. Elective Deferral Plan (“LEDP”). The LEDP was frozen effective December 31, 2024 and effective January 1, 2025, the board of directors approved the Provident Bank Non-Qualified Supplemental DC Plan, to allow certain Bank executives to defer a portion of their compensation. Post-retirement Benefits Other Than Pensions The Bank provides post-retirement health care and life insurance plans to certain of its employees. The life insurance coverage is noncontributory to the participant. Participants contribute to the cost of medical coverage based on the employee’s length of service with the Bank. The costs of such benefits are accrued based on actuarial assumptions from the date of hire to the date the employee is fully eligible to receive the benefits. On December 31, 2002, the Bank eliminated post-retirement healthcare benefits for employees with less than 10 years of service. GAAP requires an employer to: (a) recognize in its statement of financial condition the over-funded or under-funded status of a defined benefit post-retirement plan measured as the difference between the fair value of plan assets and the benefit obligation; (b) measure a plan’s assets and its obligations that determine its funded status as of the end of the employer’s fiscal year (with limited exceptions); and (c) recognize as a component of other comprehensive income, net of tax, the actuarial gains and losses and the prior service costs and credits that arise during the period. Derivatives The Company records all derivatives on the statements of financial condition at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. The Company has interest rate derivatives resulting from a service provided to certain qualified borrowers in a loan related transaction which, therefore, are not used to manage interest rate risk in the Company’s assets or liabilities. As such, all changes in fair value of the Company’s derivatives are recognized directly in earnings. The Company also uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges, and which satisfy hedge accounting requirements, 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 the exchange of the underlying notional amount. These derivatives were used to hedge the variable cash outflows associated with FHLBNY borrowings and brokered demand deposits. The change in the fair value of these derivatives is recorded in accumulated other comprehensive income, and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. Comprehensive Income Comprehensive income is divided into net income and other comprehensive income (loss). Other comprehensive income (loss) includes items previously recorded directly to equity, such as unrealized gains and losses on available for sale debt securities, unrealized gains and losses on derivatives that are designated as cash flow hedges and amortization related to post-retirement obligations. Comprehensive income is presented in a separate Consolidated Statement of Comprehensive Income. Earnings Per Share Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock (such as stock options) were exercised or resulted in the issuance of common stock. These potentially dilutive shares would then be included in the weighted average number of shares outstanding for the period using the treasury stock method. Shares issued and shares reacquired during the period are weighted for the portion of the period that they were outstanding. Impact of Recent Accounting Pronouncements Accounting Pronouncements Adopted in 2024 In November 2023, FASB issued ASU No. 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”. The amendments in this ASU require public entities to disclose detailed information about a reportable segment’s expenses on both an annual and interim basis. ASU No. 2023-07 is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024, with early adoption in the interim period permitted. The amendments in ASU No. 2023-07 should be applied retrospectively to all periods presented in the financial statements. Upon transition, the segment expense categories and amounts disclosed in the prior periods should be based on the significant segment expense categories identified and disclosed in the period of adoption. The adoption of ASU No. 2023-07 did not have a significant impact on the Company's consolidated financial statements, other than enhanced disclosures. Accounting Pronouncements Not Yet Adopted In December 2023, FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”. The amendments in this ASU require improved annual income tax disclosures surrounding rate reconciliation, income taxes paid, and other disclosures. This update will be effective for financial statements issued for fiscal years beginning after December 15, 2024, with early adoption in the interim period permitted. The Company does not expect the adoption of this guidance to have a significant impact on the Company’s consolidated financial statements. In November 2024, FASB issued ASU 2024-03, "Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures". This ASU requires disaggregated information about certain income statement line items in a tabular format in the notes to the financial statements. This update will be effective for financial statements issued for fiscal years beginning after December 15, 2026, with early adoption in the interim period permitted. The Company does not expect the adoption of this guidance to have a significant impact on the Company’s consolidated financial statements.

Business Combinations

12 Months Ended

Dec. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Business Combinations

Lakeland Bancorp, Inc. Merger Agreement

On May 16, 2024, the Company completed its merger with Lakeland Bancorp, Inc. ("Lakeland"), which added $10.59 billion to total assets, $7.91 billion to total loans, $8.62 billion to total deposits and 68 full-service banking offices in

New Jersey and New York. The Company closed 13 of the acquired Lakeland banking offices and nine legacy Bank branches in the third quarter of 2024 due to geographic overlap.

Under the merger agreement, each share of Lakeland common stock was converted into the right to receive 0.8319 shares of the Company's common stock, a total of 54,356,954 shares converted, plus cash in lieu of fractional shares. The total consideration paid for the acquisition of Lakeland was $876.8 million. In connection with the acquisition, Lakeland Bank, a wholly owned subsidiary of Lakeland, was merged with and into the Bank.

The acquisition was accounted for under the acquisition method of accounting. Under this method of accounting, the purchase price has been allocated to the respective assets acquired and liabilities assumed based upon their estimated fair values, net of tax. The excess of consideration paid over the estimated fair value of the net assets acquired initially totaled $190.9 million and was recorded as goodwill. In accordance with ASC 805, the Company recorded a measurement period adjustment and decreased goodwill by $10.5 million related to finalizing the valuation. After this adjustment, goodwill totaled $180.4 million.

The following table summarizes the estimated fair values of the assets acquired and the liabilities assumed at the merger date, net of cash consideration paid (in thousands):


	As of May 16, 2024
Assets acquired:
Cash and cash equivalents, net	$	194,548
Available for sale debt securities	1,585,993

Federal Home Loan Bank stock	46,113
Loans held for sale	1,494
Loans held for investment	7,906,326
Allowance for credit losses on PCD loans	(17,188)
Loans, net	7,889,138
Bank-owned life insurance	160,646
Banking premises and equipment	60,578
Accrued interest receivable	27,241
Goodwill	180,446
Other intangibles assets	209,915

Other assets	236,481
Total assets acquired	$	10,592,593

Liabilities assumed:
Deposits	$	8,622,924
Mortgage escrow deposits	5,532
Borrowed funds	785,927
Subordinated debentures	166,366
Other liabilities	135,066
Total liabilities assumed	$	9,715,815

Net assets acquired	$	876,779

The Company finalized its review of the acquired assets and liabilities, as a result of which certain adjustments to the recorded carrying values and goodwill were made.

Fair Value Measurement of Assets Assumed and Liabilities Assumed

The methods used to determine the fair value of the assets acquired and liabilities assumed in the Lakeland acquisition were as follows:

Securities Available for Sale

The estimated fair values of the available for sale debt securities, primarily comprised of U.S. government agency mortgage-backed securities and U.S. government agency and municipal bonds carried on Lakeland's balance sheet was confirmed using open market pricing provided by multiple independent securities brokers. Management reviewed trade prices and open market quotes used in pricing the securities and a fair value discount of $249.7 million was recorded on the investments.

Loans

Loans acquired from Lakeland were recorded at fair value, and there was no carryover related allowance for loan and lease losses. The fair values of loans acquired from Lakeland were estimated using the discounted cash flow method based on the remaining maturity and repricing terms. Monthly principal and interest cash flows, adjusted for prepayments, were then discounted to present value using a discount rate based on the relative risk of the cash flows. A qualitative adjustment for expected credit losses was also applied to these discounted cash flows to arrive at the calculated fair value of the loans. The fair value of the acquired loans, not including allowance for credit losses on PCD loans, totaled $7.91 billion.

For loans acquired without evidence of more-than-insignificant deterioration in credit quality since origination ("Non-PCD" loans), the Company recorded interest rate loan fair value and credit fair value adjustments. Loans were grouped into pools based on similar characteristics, such as loan type, fixed or adjustable interest rates, payment type, index rate and caps/floors, and non-accrual status. The loans were valued at the sub-pool level and were pooled at the summary level based on loan type. Market rates for similar loans were obtained from various internal and external data sources and reviewed by management for reasonableness. The average of these market rates was used as the fair value interest rate that a market participant would utilize. A present value approach was utilized to calculate the interest rate fair value discount of $297.2 million. The Company used historical annual average charge-off percentages for banking institutions identified as peers of the Company and Lakeland combined as a market-participant proxy to develop the life-of-loan loss rates per loan type for the Non-PCD loans. The loss rates were then applied to the principal balance to arrive at the projected credit losses for each period, which resulted in a credit fair value discount of $82.4 million.

Loans acquired that have experienced more-than-insignificant deterioration in credit quality since origination are considered purchased credit deteriorated (“PCD”) loans. The Company evaluated acquired loans for deterioration in credit quality based on any of, but not limited to, the following: (1) non-accrual status; (2) modifications for borrowers experiencing financial difficulty; (3) risk ratings of watch, special mention, substandard or doubtful; and (4) loans greater than 59 days past due. At the acquisition date, an estimate of expected credit losses was made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics.

This estimate of credit losses was calculated using management's best estimate of projected losses over the remaining life of the loans. This represents the portion of the loan balances that has been deemed uncollectible based on the Company’s expectations of future cash flows for each respective PCD loan pool. The expected lifetime losses were calculated using historical losses observed at the Bank, Lakeland and peer banks. A $17.2 million allowance for credit losses was recorded on PCD loans. The interest rate fair value adjustment related to PCD loans will be substantially recognized as interest income on a level yield amortization or straight line method over the expected life of the loans.

The table below illustrates the fair value adjustments made to the amortized cost basis in order to present the fair value of the loans acquired (in thousands):


Gross amortized cost basis as of May 16, 2024	$	8,323,589
Interest rate fair value adjustment on all loans	(330,540)
Credit fair value adjustment on non-PCD loans	(82,359)
Charge-offs on PCD Loans at acquisition	(4,364)
Allowance for credit losses on PCD loans	(17,188)
Fair value of acquired loans, net, as of May 16, 2024	$	7,889,138

The table below is a summary of the PCD loans that were acquired from Lakeland as of the closing date (in thousands):


Gross amortized cost basis as of May 16, 2024	$	564,147
Charge-offs on PCD Loans at acquisition	(4,364)
Interest component of expected cash flows (accretable difference)	(33,365)

Allowance for credit losses on PCD loans	(17,188)
Net PCD loans	$	509,230

Banking Premises and Equipment

The Company acquired 68 branches from Lakeland, 29 of which were owned premises. The Company closed 13 of the acquired banking offices in the third quarter of 2024. The fair value of Lakeland’s premises was determined based upon independent third-party appraisals performed by licensed appraisers in the market in which the premises are located.

Core Deposit Intangible

The fair value of the core deposit intangible was measured using a discounted cash flow approach by comparing the all-in cost of less rate sensitive deposits against an alternative funding source. The discounted cash flow approach is used because there is no reliable market participant data to support a market approach nor is there an effective measure to utilize the cost approach. To calculate the value of core deposits, deposit account servicing costs (net of deposit fee income) and interest expense on deposits were compared to the cost of alternative funding sources by using an average of Federal Home Loan Bank of New York ("FHLBNY") advance rates and brokered CD rates as disclosed by market sources. The projected cash flows were developed using projected deposit attrition rates. The discount rate was calculated using the Capital Assets Pricing Model.

The core deposit intangible totaled $209.2 million and is being amortized over its estimated life of approximately 10 years based on dollar weighted deposit runoff on an annualized basis. The core deposit intangible is evaluated annually for impairment.

Goodwill

As noted above, the acquisition was accounted for under the acquisition method of accounting. Under this method of accounting, the purchase price has been allocated to the respective assets acquired and liabilities assumed based upon their estimated fair values, net of tax. The excess of consideration paid over the estimated fair value of the net assets acquired was recorded as goodwill, and initially totaled $190.9 million. ASC 805 provides for a period of time during which the acquirer may adjust provisional amounts recognized at the acquisition date to their subsequently determined acquisition-date fair values, referred to as the "measurement period." Adjustments during the measurement period are not limited to just those relating to assets acquired and liabilities assumed but apply to all aspects of business combination accounting (e.g., the consideration transferred). Measurement-period adjustments are calculated as if they were known at the acquisition date, but are recognized in the reporting period in which they are determined. Prior period information is not revised, including the effect on earnings of any amounts they would have recorded in previous periods if the accounting had been completed at the acquisition date. In accordance with ASC 805, the Company recorded a measurement period adjustment which decreased goodwill by $10.5 million to $180.4 million related to finalizing the valuation of subordinated debentures and taxes. Goodwill is not deductible for tax purposes and will be evaluated annually for impairment.

Bank Owned Life Insurance ("BOLI")

Lakeland's BOLI cash surrender value was $160.6 million with no fair value adjustment required.

Time Deposits

The fair value adjustment for time deposits represents a discount from the value of the contractual repayments of fixed-maturity deposits using prevailing market interest rates for similar-term time deposits. The time deposit discount of approximately $1.2 million is being amortized into income on a straight-line method over the contractual life of the deposits.

Borrowings

The fair value of FHLBNY advances was determined based on a discounted cash flow analysis using a discount rate derived from FHLBNY rates as of May 16, 2024. The cash flows of the advances were projected based on the scheduled payments of each advance. The borrowings discount of approximately $5.1 million is being amortized into income on a straight-line method over the contractual life of the borrowings.

Subordinated Debentures

At the valuation date, Lakeland had three outstanding trust preferred issuances and a subordinated debt issuance with an initial aggregate balance of $180.2 million, all of which was assumed by the Company on May 16, 2024. The fair value of trust preferred and subordinated debt issuances was determined based on a discounted cash flow analysis using a discount rate commensurate with yields and terms of comparable issuances. The valuation was based on the probability of paying cash flows through the remaining contractual term of the trust preferred issuance and the cash flows through the exercise of the call option date. In accordance with ASC 805, the Company recorded a measurement period adjustment which decreased subordinated debt by $13.8 million to $166.4 million, related to finalizing the valuation. related to finalizing the valuation of subordinated debentures.

Merger-Related Expenses

Merger-related expenses, which is a separate line in non-interest expense on the Consolidated Statements of Income, totaled $56.9 million, for the year ended December 31, 2024, compared with transaction costs of $4.1 million for the respective 2023 period.

Held to Maturity Debt Securities

12 Months Ended

Dec. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Held to Maturity Debt Securities

The following tables present the amortized cost, gross unrealized gains, gross unrealized losses and the estimated fair value for held to maturity debt securities, excluding allowances for credit losses of $14,000 and $31,000, as of December 31, 2024 and 2023 (in thousands):


	2024
	Amortized cost		Gross unrealized gains	Gross unrealized losses	Fair value

Government-agency obligations	$	9,999	—	(292)	9,707

State and municipal obligations	311,118		689	(14,133)	297,674
Corporate obligations	6,520		—	(168)	6,352
	$	327,637	689	(14,593)	313,733


	2023
	Amortized cost		Gross unrealized gains	Gross unrealized losses	Fair value
Treasury obligations	$	5,146	1	—	5,147
Government-agency obligations	11,058		—	(652)	10,406

State and municipal obligations	339,816		244	(9,700)	330,360
Corporate obligations	7,091		—	(403)	6,688
	$	363,111	245	(10,755)	352,601

Accrued interest on held to maturity debt securities, which is excluded from the amortized cost, totaled $2.9 million and $3.1 million as of December 31, 2024 and December 31, 2023, respectively, and is presented within total accrued interest receivable on the consolidated statements of financial condition.

The amortized cost and fair value of held to maturity debt securities as of December 31, 2024 by contractual maturity, excluding allowances for credit losses of $14,000, as of December 31, 2024 are shown below (in thousands). Expected maturities may differ from contractual maturities due to prepayment or early call privileges of the issuer.


	2024
	Amortized cost		Fair value
Due in one year or less	$	44,861	44,506
Due after one year through five years	168,560		165,304
Due after five years through ten years	96,148		89,996
Due after ten years	18,068		13,927
	$	327,637	313,733

The Company generally purchases securities for long-term investment purposes, and differences between carrying and fair values may fluctuate during the investment period. Held to maturity debt securities having a carrying value of $269.6 million and $317.6 million as of December 31, 2024 and 2023, respectively, were pledged to secure municipal deposits.

During 2024, the Company recognized no gross gains while losses totaled $1,200 related to calls on securities in the held to maturity debt securities portfolio, with total proceeds from the calls totaling $5.5 million. There were no sales of securities from the held to maturity debt securities portfolio for the year ended December 31, 2024.

For 2023, the Company recognized gains of $45,000 and losses of $15,000 related to calls on securities in the held to maturity debt securities portfolio, with total proceeds from the calls totaling $11.6 million. There were no sales of securities from the held to maturity debt securities portfolio for the year ended December 31, 2023.

For the 2022 period, the Company recognized gains of $123,000 and no losses related to calls on certain securities in the held to maturity debt securities portfolio, with total proceeds from the calls totaling $39.2 million. There were no sales of securities from the held to maturity debt securities portfolio for the year ended December 31, 2022.

The number of securities in an unrealized loss position as of December 31, 2024 totaled 512, compared with 372 as of December 31, 2023. The increase in the number of securities in an unrealized loss position as of December 31, 2024 was due to higher current market interest rates on the intermediate part of the curve compared to rates as of December 31, 2023.

Management measures expected credit losses on held to maturity debt securities on a collective basis by security type. Management classifies the held to maturity debt securities portfolio into the following security types:

•Government-agency obligations;

•Mortgage-backed securities;

•State and municipal obligations; and

•Corporate obligations.

All of the agency obligations held by the Company are issued by U.S. government entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. The majority of the state and municipal and corporate obligations carry credit ratings from the rating agencies as of December 31, 2024 that were no lower than an A rating and the Company had no securities rated BBB or worse by Moody’s.

Credit Quality Indicators. The following table provides the amortized cost of held to maturity debt securities by credit rating as of December 31, 2024 (in thousands):


	December 31, 2024
Total Portfolio	AAA		AA	A	BBB	Not Rated	Total

Government-agency obligations	$	9,999	—	—	—	—	9,999

State and municipal obligations	44,821		234,212	28,735	—	3,350	311,118
Corporate obligations	501		2,013	3,981	—	25	6,520
	$	55,321	236,225	32,716	—	3,375	327,637

	December 31, 2023
Total Portfolio	AAA		AA	A	BBB	Not Rated	Total
Treasury obligations	$	5,146	—	—	—	—	5,146
Government-agency obligations	11,058		—	—	—	—	11,058

State and municipal obligations	43,749		156,438	137,231	—	2,398	339,816
Corporate obligations	504		2,510	4,052	—	25	7,091
	$	60,457	158,948	141,283	—	2,423	363,111

Credit quality indicators are metrics that provide information regarding the relative credit risk of debt securities. As of December 31, 2024, the held to maturity debt securities portfolio was comprised of 17% rated AAA, 72% rated AA, 10% rated A, and less than 1% either below an A rating or not rated by Moody’s Investors Service or Standard and Poor’s. Securities not explicitly rated, such as U.S. government issued mortgage-backed securities, were grouped where possible under the credit rating of the issuer of the security.

Available for Sale Debt Securities

12 Months Ended

Dec. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Available for Sale Debt Securities

The following tables present the amortized cost, gross unrealized gains, gross unrealized losses and the fair value for available for sale debt securities as of December 31, 2024 and 2023 (in thousands):


	2024
	Amortized cost		Gross unrealized gains	Gross unrealized losses	Fair value
U.S. Treasury obligations	$	348,621	317	(18,340)	330,598
Government-agency obligations	105,965		1,461	(191)	107,235
Mortgage-backed securities	2,243,725		4,982	(186,548)	2,062,159
Asset-backed securities	47,203		645	(285)	47,563
State and municipal obligations	126,766		243	(10,092)	116,917
Corporate obligations	103,415		3,958	(2,930)	104,443
	$	2,975,695	11,606	(218,386)	2,768,915


	2023
	Amortized cost		Gross unrealized gains	Gross unrealized losses	Fair value
U.S. Treasury obligations	$	276,618	—	(22,740)	253,878
Government-agency obligations	26,310		1,188	—	27,498
Mortgage-backed securities	1,462,159		377	(176,927)	1,285,609
Asset-backed securities	31,809		594	(168)	32,235
State and municipal obligations	64,454		—	(7,870)	56,584
Corporate obligations	40,448		—	(6,140)	34,308
	$	1,901,798	2,159	(213,845)	1,690,112

Accrued interest on available for sale debt securities, which is excluded from the amortized cost, totaled $9.7 million and $4.9 million as of December 31, 2024 and December 31, 2023, respectively, and is presented within total accrued interest receivable on the consolidated statements of financial condition.

Available for sale debt securities having a carrying value of $863.9 million and $1.13 billion as of December 31, 2024 and 2023, respectively, were pledged as collateral for municipal deposits and repurchase agreements.

The amortized cost and fair value of available for sale debt securities as of December 31, 2024, by contractual maturity, are shown below (in thousands). Expected maturities may differ from contractual maturities due to prepayment or early call privileges of the issuer.


	2024
	Amortized cost		Fair value
Due in one year or less	$	141,817	141,426
Due after one year through five years	308,423		290,212
Due after five years through ten years	116,395		114,993
Due after ten years	71,796		65,051
	$	638,431	611,682

Investments which pay principal on a periodic basis, which are primarily related to mortgage-backed securities, totaling $2.34 billion at amortized cost and $2.16 billion at fair value are excluded from the table above as their expected lives are likely to be shorter than the contractual maturity date due to principal prepayments.

During 2024, proceeds from sales on securities in the available for sale debt securities portfolio totaled $569.9 million with no gains and $3.0 million of losses recognized, of which $2.8 million was related to the sale of subordinated debt issued by Lakeland from its investment portfolio. There were no sales of securities from the available for sale debt securities portfolio for the year ended December 31, 2023. During 2024, proceeds from calls on securities in the available for sale debt securities portfolio totaled $780,000 with no gains and no losses recognized. For 2023, proceeds from calls on securities in the available for sale debt securities portfolio totaled $2.3 million with no gains and no losses recognized.

The number of securities in an unrealized loss position as of December 31, 2024 totaled 646, compared with 436 as of December 31, 2023. The increase in the number of securities in an unrealized loss position as of December 31, 2024 was primarily due to the addition of Lakeland securities, combined with higher current market interest rates on the intermediate part of the curve compared to rates as of December 31, 2023.

Loans Receivable and Allowance for Credit Losses

12 Months Ended

Dec. 31, 2024

Receivables [Abstract]

Loans Receivable and Allowance for Credit Losses

Loans held for investment as of December 31, 2024 and 2023 are summarized as follows (in thousands):


	2024		2023
Mortgage loans:
Commercial	$	7,228,078	4,512,411
Multi-family	3,382,933		1,812,500
Construction	823,503		653,246
Residential	2,010,637		1,164,956
Total mortgage loans	13,445,151		8,143,113
Commercial loans	4,608,600		2,440,621
Consumer loans	613,819		299,164
Total gross loans	18,667,570		10,882,898

Premiums on purchased loans	1,338		1,474

Net deferred fees	(9,538)		(12,456)
Total loans	$	18,659,370	10,871,916

As of December 31, 2024 and December 31, 2023, the Company had loans held for sale of $162.5 million and $1.8 million, respectively. In December of 2024, $151.3 million of the Bank's commercial loan portfolio was reclassified from loans held for investment into the held for sale portfolio as a result of a decision to exit the non-relationship equipment lease financing business.

Accrued interest on loans totaled $78.5 million and $50.9 million as of December 31, 2024 and December 31, 2023, respectively, and is presented within total accrued interest receivable on the consolidated statements of financial condition.

As of December 31, 2024, the Bank had aggregate loans and loan commitments of $98.8 million to its directors, or to its immediate family members and related interests. These loans and loan commitments were made on substantially the same terms, including interest rates and collateral, as those prevailing for comparable transactions with the general public and do not involve more than the normal risk of repayment or present other unfavorable features.

As of December 31, 2024, the Bank had aggregate loans and loan commitments totaling $3.5 million to its executive officers or their related entities. These loans and loan commitments were made on substantially the same terms, including interest rates and collateral, as those prevailing for comparable transactions with the general public and do not involve more than the normal risk of repayment or present other unfavorable features.

Premiums and discounts on purchased loans are amortized or accreted over the lives of the loans as an adjustment to yield. Required reductions due to loan prepayments are charged against or credited to interest income, as appropriate. For the years ended December 31, 2024, 2023 and 2022, as a result of prepayments and normal amortization, interest income decreased $314,000, $206,000 and $270,000, respectively.

The following tables summarize the aging of loans held for investment by portfolio segment and class of loans (in thousands):


	As of December 31, 2024
	30-59 Days		60-89 Days	90 days or more past due and accruing	Non-accrual	Total Past Due	Current	Total Loans Receivable	Non-accrual loans with no related allowance
Mortgage loans:
Commercial	$	8,538	3,954	—	20,883	33,375	7,194,703	7,228,078	13,575
Multi-family	—		—	—	7,498	7,498	3,375,435	3,382,933	7,498
Construction	—		—	—	13,246	13,246	810,257	823,503	13,246
Residential	6,388		5,049	—	4,535	15,972	1,994,665	2,010,637	4,535
Total mortgage loans	14,926		9,003	—	46,162	70,091	13,375,060	13,445,151	38,854
Commercial loans	4,248		2,377	—	24,243	30,868	4,577,732	4,608,600	15,164
Consumer loans	3,152		856	—	1,656	5,664	608,155	613,819	1,656
Total gross loans	$	22,326	12,236	—	72,061	106,623	18,560,947	18,667,570	55,674


	As of December 31, 2023
	30-59 Days		60-89 Days	90 days or more past due and accruing	Non-accrual	Total Past Due	Current	Total Loans Receivable	Non-accrual loans with no related allowance
Mortgage loans:
Commercial	$	825	—	—	5,151	5,976	4,506,435	4,512,411	5,151
Multi-family	3,815		1,635	—	744	6,194	1,806,306	1,812,500	744
Construction	—		—	—	771	771	652,475	653,246	771
Residential	3,429		1,208	—	853	5,490	1,159,466	1,164,956	853
Total mortgage loans	8,069		2,843	—	7,519	18,431	8,124,682	8,143,113	7,519
Commercial loans	998		198	—	41,487	42,683	2,397,938	2,440,621	36,281
Consumer loans	875		275	—	633	1,783	297,381	299,164	633
Total gross loans	$	9,942	3,316	—	49,639	62,897	10,820,001	10,882,898	44,433

Included in loans receivable are loans for which the accrual of interest income has been discontinued due to deterioration in the financial condition of the borrowers. Generally, accrued interest is written off by reversing interest income during the quarter the loan is moved from an accrual to a non-accrual status. The principal amount of non-accrual loans was $72.1 million and $49.6 million as of December 31, 2024 and 2023, respectively. There were no loans 90-days or greater past due and still accruing interest as of December 31, 2024 and 2023.

If the non-accrual loans had performed in accordance with their original terms, interest income would have increased by $2.8 million, $1.6 million and $1.0 million, for the years ended December 31, 2024, 2023 and 2022, respectively.

The activity in the allowance for credit losses for the years ended December 31, 2024, 2023 and 2022 is as follows (in thousands):


	Years Ended December 31,
	2024		2023	2022
Balance at beginning of period	$	107,200	88,023	80,740
Initial allowance related to PCD loans	17,188		—	—
Provision charge for credit losses on loans (1)	83,604		27,900	8,400

Cumulative effect of adopting ASU 2022-02	—		(594)	—
Recoveries of loans previously charged off	3,263		2,292	5,431
Loans charged off	(17,823)		(10,421)	(6,548)
Balance at end of period	$	193,432	107,200	88,023

(1) The provision charge for credit losses on loans for the year ended December 31, 2024 includes a $60.1 million charge recorded as part of the Lakeland merger in accordance with GAAP requirements for accounting for business combinations.

The activity in the allowance for credit losses by portfolio segment for the years ended December 31, 2024 and 2023 are as follows (in thousands):


	For the Year Ended December 31, 2024
	Mortgage loans		Commercial loans (1)	Consumer loans	Total Portfolio Segments
Balance at beginning of period	$	73,407	31,475	2,318	107,200
Initial allowance related to PCD loans	10,628		6,070	490	17,188
Provision charge for credit losses on loans	61,274		20,011	2,319	83,604


Recoveries of loans previously charged off	86		2,621	556	3,263
Loans charged off	(808)		(16,535)	(480)	(17,823)
Balance at end of period	$	144,587	43,642	5,203	193,432

(1) The provision charge for credit losses on loans for the year ended December 31, 2024 includes a $2.8 million benefit to the allowance as a result of the $151.3 transfer from the commercial loans loans held for investment portfolio into the loans held for sale portfolio.


	For the Year Ended December 31, 2023
	Mortgage loans		Commercial loans	Consumer loans	Total Portfolio Segments
Balance at beginning of period	$	58,218	27,413	2,392	88,023
Cumulative effect of adopting ASU 2022-02	(510)		(43)	(41)	(594)
Provision charge (benefit) for credit losses on loans	16,877		11,159	(136)	27,900


Recoveries of loans previously charged off	546		1,309	437	2,292
Loans charged off	(1,724)		(8,363)	(334)	(10,421)
Balance at end of period	$	73,407	31,475	2,318	107,200

For the year ended December 31, 2024, the Company recorded an $83.6 million provision for credit losses on loans, compared with a provision for credit losses of $27.9 million for the year ended December 31, 2023. The increase in the year-over-year provision for credit losses was primarily attributable to an initial CECL provision for credit losses on loans of $60.1 million recorded as part of the Lakeland merger in accordance with GAAP requirements for accounting for business combinations, combined with some economic forecast deterioration over the current twelve-month period within our CECL model, compared to last year.

The following table summarizes the Company's gross charge-offs recorded for the year ended December 31, 2024 by year of origination (in thousands):


	2024		2023	2022	2021	2020	Prior to 2020	Total Loans

Mortgage loans:
Commercial	$	—	—	—	—	—	801	801


Residential	—		—	7	—	—	—	7
Total mortgage loans	—		—	7	—	—	801	808
Commercial loans	—		1,434	2,731	10,259	1,775	335	16,535
Consumer loans (1)	25		8	9	4	—	35	81
Total gross loans	$	25	1,442	2,746	10,263	1,775	1,172	17,425

(1) During the year ended December 31, 2024, charge-offs on consumer overdraft accounts totaled $398,000, which are not included in the table above.

The following table summarizes the Company's gross charge-offs recorded for the year ended December 31, 2023 by year of origination (in thousands):


	2023		2022	2021	2020	2019	Prior to 2019	Total Loans

Mortgage loans:
Commercial	$	—	—	—	—	—	1,700	1,700


Residential	—		—	—	—	—	24	24
Total mortgage loans	—		—	—	—	—	1,724	1,724
Commercial loans	—		—	—	5,000	—	3,363	8,363
Consumer loans (1)	24		—	—	—	—	13	37
Total gross loans	$	24	—	—	5,000	—	5,100	10,124

(1) During the year ended December 31, 2023, charge-offs on consumer overdraft accounts totaled $297,000, which are not included in the table above.

The Company defines an impaired loan as a non-accrual, non-homogeneous loan greater than $1.0 million, or which, based on current information, it is not expected to collect all amounts due under the contractual terms of the loan agreement. As of December 31, 2024, there were 26 impaired loans totaling $55.4 million, with related specific reserves of $7.5 million that were individually evaluated for impairment.

A financial asset is considered collateral-dependent when the debtor is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral. For all classes of loans deemed collateral-dependent, the Company estimates expected credit losses based on the collateral’s fair value less any selling costs. A specific allocation of the allowance for credit losses is established for each collateral-dependent loan with a carrying balance greater than the collateral’s fair value, less estimated selling costs. In most cases, the Company records a partial charge-off to reduce the loan’s carrying value to the collateral’s fair value less estimated selling costs. The Company uses third-party appraisals to determine the fair value of the underlying collateral in its analysis of collateral-dependent loans. A third-party appraisal is generally ordered as soon as a loan is designated as a collateral-dependent loan and updated annually, or more frequently if required. At each fiscal quarter end, if a loan is designated as collateral-dependent and the third-party appraisal has not yet been received, an evaluation of all available collateral is made using the best information available at the time, including rent rolls, borrower financial statements and tax returns, prior appraisals, management’s knowledge of the market and collateral, and internally prepared collateral valuations based upon market assumptions regarding vacancy and capitalization rates, each as and where applicable. Once the appraisal is received and reviewed, the specific reserves are adjusted to reflect the appraised value and evaluated for charge offs. The Company believes there have not been any significant time lapses since the receipt of the most recent appraisals.

As of December 31, 2024, the Company had collateral-dependent impaired loans with a fair value of $11.0 million secured by commercial real estate. As of December 31, 2023, the Company had collateral-dependent impaired loans with a fair value of $24.1 million secured by commercial real estate.

Loan modifications to borrowers experiencing financial difficulty may include interest rate reductions, principal or interest forgiveness, forbearance, term extensions, and other actions intended to minimize economic loss and to avoid foreclosure or repossession of collateral. In addition, management attempts to obtain additional collateral or guarantor support when modifying such loans. If the borrower has demonstrated performance under the previous terms and our underwriting process shows the borrower has the capacity to continue to perform under the restructured terms, the loan will continue to accrue interest. Non-accruing restructured loans may be returned to accrual status when there has been a sustained period of repayment performance (generally six consecutive months of payments) and both principal and interest are deemed collectible.

The following illustrates the most common loan modifications by loan classes offered by the Company that are required to be disclosed pursuant to the requirements of ASU 2022-02:


Loan Classes						Modification types
Commercial						Term extension, interest rate reductions, payment delay, or combination thereof. These modifications extend the term of the loan, lower the payment amount, or otherwise delay payments during a defined period for the purpose of providing borrowers additional time to return to compliance with the original loan term.

Residential Mortgage/ Home Equity						Forbearance period greater than six months. These modifications require reduced or no payments during the forbearance period for the purpose of providing borrowers additional time to return to compliance with the original loan term, as well as term extension and rate adjustment. These modifications extend the term of the loan and provides for an adjustment to the interest rate, which reduces the monthly payment requirement.

Automobile/ Direct Installment						Term extension greater than three months. These modifications extend the term of the loan, which reduces the monthly payment requirement.

Effective January 1, 2023, the Company adopted ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” (“ASU 2022-02”), which eliminated the accounting guidance for TDRs while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. This guidance was applied on a modified retrospective basis. Upon adoption of this guidance, the Company no longer establishes a specific reserve for loan modifications to borrowers experiencing financial difficulty. Instead, these loan modifications are included in their respective pool and a projected loss rate is applied to the current loan balance to arrive at the quantitative and qualitative baseline portion of the allowance for credit losses. As a result, the Company recorded a $594,000 reduction to the allowance for credit losses, which resulted in a $433,000 cumulative effect adjustment increase, net of tax, to retained earnings.

The following table presents the amortized cost basis of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2024 (in thousands):


	Year Ended December 31, 2024
	Term Extension		Interest Rate Change	Interest Rate Change and Term Extension	Change in Payment Type (1)	Total	% of Total Class of Loans and Leases

Mortgage loans:
Commercial	$	—	—	3,072	2,852	5,924	0.08	%
Multi-family	—		1,297	—	—	1,297	0.04


Total mortgage loans	—		1,297	3,072	2,852	7,221	0.05
Commercial loans	—		12,814	8,466	—	21,280	0.46

Total gross loans	$	—	14,111	11,538	2,852	28,501	0.15	%

(1) The change in payment type reflects a change from monthly principal and interest payments to interest only monthly payments.

The following table presents the amortized cost basis of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2023 (in thousands):


	Year Ended December 31, 2023
	Term Extension		Interest Rate Change	Interest Rate Change and Term Extension	Total	% of Total Class of Loans and Leases

Mortgage loans:

Multi-family	$	—	—	1,508	1,508	0.08	%


Total mortgage loans	—		—	1,508	1,508	0.02
Commercial loans	3,771		—	1,250	5,021	0.21

Total gross loans	$	3,771	—	2,758	6,529	0.06	%

The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2024 (in thousands):


	Weighted Average Months of Term Reduction	Weighted Average Rate Increase
Mortgage loans:
Commercial	2	2.40	%
Multi-family	0	5.00	%


Total mortgage loans	1	5.00
Commercial loans	2	2.22

Total gross loans	3	3.03	%

The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2023 (in thousands):


	Weighted Average Months of Term Extension	Weighted Average Rate Increase
Mortgage loans:

Multi-family	2	2.23	%


Total mortgage loans	2	2.23
Commercial loans	10	0.20

Total gross loans	9	0.61	%

There were no loan modifications made to borrowers experiencing financial difficulty that subsequently defaulted during the years ended December 31, 2024 and December 31, 2023, respectively.

The following table presents the aging analysis of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2024 (in thousands):


	Current		30-59 Days Past Due	60-89 Days Past Due	90 days or more Past Due	Non- Accrual	Total

Mortgage loans:
Commercial	$	5,924	—	—	—	—	5,924
Multi-family	481		94	—	320	402	1,297


Total mortgage loans	6,405		94	—	320	402	7,221
Commercial loans	15,340		—	—	88	5,852	21,280

Total gross loans	$	21,745	94	—	408	6,254	28,501

The following table presents the aging analysis of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2023 (in thousands):


	Current		30-59 Days Past Due	60-89 Days Past Due	90 days or more Past Due	Non- Accrual	Total

Mortgage loans:

Multi-family	$	1,508	—	—	—	—	1,508


Total mortgage loans	1,508		—	—	—	—	1,508
Commercial loans	5,021		—	—	—	—	5,021

Total gross loans	$	6,529	—	—	—	—	6,529

Loans acquired by the Company that experienced more-than-insignificant deterioration in credit quality after origination, are classified as PCD loans. As of December 31, 2024, the balance of PCD loans totaled $620.4 million with a related allowance for credit losses of $15.2 million. The balance of PCD loans as of December 31, 2023, was $165.1 million with a related allowance for credit losses of $1.7 million.

In connection with the Lakeland merger, the Company evaluated acquired loans for deterioration in credit quality based on any of, but not limited to, the following: (1) non-accrual status; (2) modifications for borrowers experiencing financial difficulty; (3) risk ratings of watch, special mention, substandard or doubtful; and (4) loans greater than 59 days past due. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics.

Additionally for PCD loans, an allowance for credit losses was calculated using management's best estimate of projected losses over the remaining life of the loans. This represents the portion of the loan balances that has been deemed uncollectible based on the Company’s expectations of future cash flows for each respective PCD loan pool, given the outlook and forecasts inclusive of related fiscal and regulatory interventions. The expected lifetime losses were calculated using historical losses observed at the Bank, Lakeland and peer banks. A $17.2 million allowance for credit losses was recorded on PCD loans acquired from Lakeland. The interest rate fair value adjustment related to PCD loans will be substantially recognized as interest income on a level yield or straight line method over the expected life of the loans.

The table below is a summary of the PCD loans that were acquired from Lakeland as of the closing date (in thousands):


Gross amortized cost basis as of May 16, 2024	$	564,147
Charge-offs on PCD Loans at acquisition	(4,364)
Interest component of expected cash flows (accretable difference)	(33,365)

Allowance for credit losses on PCD loans	(17,188)
Net PCD loans	$	509,230

Management utilizes an internal nine-point risk rating system to summarize its loan portfolio into categories with similar risk characteristics. Loans deemed to be “acceptable quality” are rated 1 through 4, with a rating of 1 established for loans with minimal risk. Loans that are deemed to be of “questionable quality” are rated 5 (watch) or 6 (special mention). Loans with adverse classifications (substandard, doubtful or loss) are rated 7, 8 or 9, respectively. Commercial mortgage, commercial, multi-family and construction loans are rated individually, and each lending officer is responsible for risk rating loans in their portfolio. These risk ratings are then reviewed by the department manager and/or the Chief Lending Officer and by the Credit Department. The risk ratings are also reviewed periodically through loan review examinations which are currently performed by independent third-parties. Reports by the independent third-parties are presented to the Audit Committee of the Board of Directors.

The following table summarizes the Company's gross loans held for investment by year of origination and internally assigned credit grades (in thousands):


	Gross Loans Held for Investment by Year of Origination as of December 31, 2024
	2024		2023	2022	2021	2020	Prior to 2020	Revolving Loans	Revolving loans to term loans	Total Loans
Commercial Mortgage
Special mention	$	262	4,377	10,150	9,127	14,569	69,525	4,461	—	112,471
Substandard	3,044		73	10,952	—	21,051	50,870	—	—	85,990
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	3,306		4,450	21,102	9,127	35,620	120,395	4,461	—	198,461
Pass/Watch	417,991		904,924	1,623,911	997,658	884,295	2,063,646	126,297	10,895	7,029,617
Total Commercial Mortgage	$	421,297	909,374	1,645,013	1,006,785	919,915	2,184,041	130,758	10,895	7,228,078

Multi-family
Special mention	$	—	—	—	—	—	16,472			16,472
Substandard	—		1,560	—	1,043	—	5,439			8,042
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	—		1,560	—	1,043	—	21,911	—	—	24,514
Pass/Watch	363,254		478,184	701,811	460,979	460,161	882,291	10,181	1,558	3,358,419
Total Multi-Family	$	363,254	479,744	701,811	462,022	460,161	904,202	10,181	1,558	3,382,933

Construction
Special mention	$	—	1,064	—	—	—	—			1,064
Substandard	—		—	—	12,346	—	—			12,346
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	—		1,064	—	12,346	—	—	—	—	13,410
Pass/Watch	104,009		309,034	260,190	110,100	24,017	2,743	—	—	810,093
Total Construction	$	104,009	310,098	260,190	122,446	24,017	2,743	—	—	823,503

Residential (1)
Special mention	$	403	1,356	344	—	—	2,836	—	—	4,939
Substandard	—		764	689	1,119	—	1,963	—	—	4,535
Doubtful	—		—	—	—	—	—	—	—	—


	Gross Loans Held for Investment by Year of Origination as of December 31, 2024
	2024		2023	2022	2021	2020	Prior to 2020	Revolving Loans	Revolving loans to term loans	Total Loans
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	403		2,120	1,033	1,119	—	4,799	—	—	9,474
Pass/Watch	140,382		348,493	428,269	333,150	276,703	474,166	—	—	2,001,163
Total Residential	$	140,785	350,613	429,302	334,269	276,703	478,965	—	—	2,010,637

Total Mortgage
Special mention	$	665	6,797	10,494	9,127	14,569	88,833	4,461	—	134,946
Substandard	3,044		2,397	11,641	14,508	21,051	58,272	—	—	110,913
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	3,709		9,194	22,135	23,635	35,620	147,105	4,461	—	245,859
Pass/Watch	1,025,636		2,040,635	3,014,181	1,901,887	1,645,176	3,422,846	136,478	12,453	13,199,292
Total Mortgage	$	1,029,345	2,049,829	3,036,316	1,925,522	1,680,796	3,569,951	140,939	12,453	13,445,151

Commercial
Special mention	$	298	2,612	3,084	5,804	9,493	26,924	20,030	4,761	73,006
Substandard	6,887		5,023	62,028	28,208	23,130	21,170	31,787	1,746	179,979
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	7,185		7,635	65,112	34,012	32,623	48,094	51,817	6,507	252,985
Pass/Watch	747,299		427,445	697,899	390,770	256,421	678,154	1,089,408	68,219	4,355,615
Total Commercial	$	754,484	435,080	763,011	424,782	289,044	726,248	1,141,225	74,726	4,608,600

Consumer (1)
Special mention	$	—	—	3	—	124	109	725	—	961
Substandard	—		95	—	9	—	321	950	—	1,375
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	—		95	3	9	124	430	1,675	—	2,336
Pass/Watch	31,975		45,605	59,669	40,080	9,433	83,728	327,107	13,886	611,483
Total Consumer	$	31,975	45,700	59,672	40,089	9,557	84,158	328,782	13,886	613,819

Total Loans
Special mention	$	963	9,409	13,581	14,931	24,186	115,866	25,216	4,761	208,913
Substandard	9,931		7,515	73,669	42,725	44,181	79,763	32,737	1,746	292,267
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	10,894		16,924	87,250	57,656	68,367	195,629	57,953	6,507	501,180
Pass/Watch	1,804,910		2,513,685	3,771,749	2,332,737	1,911,030	4,184,728	1,552,993	94,558	18,166,390
Total Loans	$	1,815,804	2,530,609	3,858,999	2,390,393	1,979,397	4,380,357	1,610,946	101,065	18,667,570
(1) For residential and consumer loans, the Company assigns internal credit grades based on the delinquency status of each loan.


	Gross Loans Held for Investment by Year of Origination as of December 31, 2023
	2023		2022	2021	2020	2019	Prior to 2019	Revolving Loans	Revolving loans to term loans	Total Loans
Commercial Mortgage
Special mention	$	—	10,926	3,048	28,511	10,558	24,598	4,500	—	82,141
Substandard	482		—	—	—	—	9,599	434	—	10,515
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	482		10,926	3,048	28,511	10,558	34,197	4,934	—	92,656
Pass/Watch	628,709		883,149	677,464	470,257	470,971	1,166,205	90,760	32,240	4,419,755
Total Commercial Mortgage	$	629,191	894,075	680,512	498,768	481,529	1,200,402	95,694	32,240	4,512,411

Multi-family
Special mention	$	—	—	—	—	—	9,500	—	—	9,500
Substandard	3,253		—	—	—	—	—	—	—	3,253
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	3,253		—	—	—	—	9,500	—	—	12,753
Pass/Watch	340,842		172,244	184,136	271,878	230,456	592,470	6,115	1,606	1,799,747
Total Multi-Family	$	344,095	172,244	184,136	271,878	230,456	601,970	6,115	1,606	1,812,500

Construction
Special mention	$	—	—	—	—	—	—	—	—	—
Substandard	—		—	—	—	—	771	—	—	771
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	—		—	—	—	—	771	—	—	771
Pass/Watch	41,209		342,890	185,034	68,603	1,339	13,400	—	—	652,475
Total Construction	$	41,209	342,890	185,034	68,603	1,339	14,171	—	—	653,246

Residential (1)
Special mention	$	—	—	—	—	—	1,208	—	—	1,208
Substandard	—		—	—	—	—	1,285	—	—	1,285
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	—		—	—	—	—	2,493	—	—	2,493
Pass/Watch	96,259		141,683	200,111	195,964	89,654	438,792	—	—	1,162,463
Total Residential	$	96,259	141,683	200,111	195,964	89,654	441,285	—	—	1,164,956

Total Mortgage


	Gross Loans Held for Investment by Year of Origination as of December 31, 2023
	2023		2022	2021	2020	2019	Prior to 2019	Revolving Loans	Revolving loans to term loans	Total Loans
Special mention	$	—	10,926	3,048	28,511	10,558	35,306	4,500	—	92,849
Substandard	3,735		—	—	—	—	11,655	434	—	15,824
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	3,735		10,926	3,048	28,511	10,558	46,961	4,934	—	108,673
Pass/Watch	1,107,019		1,539,966	1,246,745	1,006,702	792,420	2,210,867	96,875	33,846	8,034,440
Total Mortgage	$	1,110,754	1,550,892	1,249,793	1,035,213	802,978	2,257,828	101,809	33,846	8,143,113

Commercial
Special mention	$	450	17,008	9,338	2,409	152	22,752	23,333	687	76,129
Substandard	686		—	20,262	9,235	2,034	11,313	10,736	508	54,774
Doubtful	7,011		—	—	—	—	—	—	—	7,011
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	8,147		17,008	29,600	11,644	2,186	34,065	34,069	1,195	137,914
Pass/Watch	358,578		316,015	318,416	131,647	143,677	491,406	471,962	71,006	2,302,707
Total Commercial	$	366,725	333,023	348,016	143,291	145,863	525,471	506,031	72,201	2,440,621

Consumer (1)
Special mention	$	—	—	—	—	—	97	178	—	275
Substandard	—		—	—	—	9	146	389	90	634
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	—		—	—	—	9	243	567	90	909
Pass/Watch	29,083		26,098	18,101	3,459	14,375	85,383	108,431	13,325	298,255
Total Consumer	$	29,083	26,098	18,101	3,459	14,384	85,626	108,998	13,415	299,164

Total Loans
Special mention	$	450	27,934	12,386	30,920	10,710	58,155	28,011	687	169,253
Substandard	4,421		—	20,262	9,235	2,043	23,114	11,559	598	71,232
Doubtful	7,011		—	—	—	—	—	—	—	7,011
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	11,882		27,934	32,648	40,155	12,753	81,269	39,570	1,285	247,496
Pass/Watch	1,494,680		1,882,079	1,583,262	1,141,808	950,472	2,787,656	677,268	118,177	10,635,402
Total Loans	$	1,506,562	1,910,013	1,615,910	1,181,963	963,225	2,868,925	716,838	119,462	10,882,898

(1) For residential and consumer loans, the Company assigns internal credit grades based on the delinquency status of each loan.

Banking Premises and Equipment

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Banking Premises and Equipment

A summary of banking premises and equipment as of December 31, 2024 and 2023 is as follows (in thousands):


	2024		2023
Land	$	27,627	13,394
Banking premises	128,931		72,905
Furniture, fixtures and equipment	80,269		56,082
Leasehold improvements	59,084		45,154
Construction in progress	4,870		5,331
Total banking premises and equipment	300,781		192,866
Less accumulated depreciation and amortization	181,159		121,868
Net banking premises and equipment	$	119,622	70,998

Depreciation expense for the years ended December 31, 2024, 2023 and 2022 amounted to $12.6 million, $8.7 million and $9.8 million, respectively.

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and other intangible assets as of December 31, 2024 and 2023 are summarized as follows (in thousands):


	2024		2023
Goodwill	$	624,069	443,623
Core deposit premiums	184,238		1,901
Customer relationship and other intangibles	9,819		11,867

Mortgage servicing rights	1,104		551
Total goodwill and other intangible assets	$	819,230	457,942

Amortization expense of intangible assets for the years ended December 31, 2024, 2023 and 2022 is as follows (in thousands):


	2024		2023	2022
Core deposit premiums	$	26,827	544	730

Customer relationship and other intangibles	2,047		2,335	2,488
Mortgage servicing rights	57		73	74
Total amortization expense of intangible assets	$	28,931	2,952	3,292

Scheduled amortization of core deposit premiums and customer relationship intangibles for each of the next five years is as follows (in thousands):


Year ended December 31,	Scheduled Amortization
2025	$	37,140
2026	33,283
2027	29,543
2028	25,817
2029	21,148

Deposits

12 Months Ended

Dec. 31, 2024

Other Liabilities [Abstract]

Deposits

Deposits as of December 31, 2024 and 2023 are summarized as follows (in thousands):


	2024		Weighted average interest rate		2023		Weighted average interest rate
Savings deposits	$	1,679,667	0.22	%	$	1,175,683	0.21	%
Money market accounts	3,364,564		2.67		2,325,364		2.67
NOW accounts (1)	6,622,642		2.64		3,492,184		2.77
Non-interest bearing deposits	3,788,785		—		2,203,341		—
Certificates of deposit (2)	3,168,155		4.10		1,095,942		3.85
Total deposits	$	18,623,813			$	10,292,514

(1) The Bank's insured cash sweep product totaled $1.16 billion and $520.2 million as of December 31, 2024 and December 31, 2023, respectively, and are reported within NOW accounts.

(2)Time deposits equal to or in excess of $250,000 were $789.0 million and $218.5 million as of December 31, 2024 and December 31, 2023, respectively. Additionally, the Bank's reciprocal Certificate of Deposit Account Registry Service product totaled $3.5 million and $3.3 million as of December 31, 2024 and December 31, 2023, respectively.

Within total deposits, brokered deposits totaled $251.5 million and $165.7 million as of December 31, 2024 and December 31, 2023, respectively.

Scheduled maturities of certificates of deposit accounts as of December 31, 2024 and 2023 are as follows (in thousands):


	2024		2023
Within one year	$	3,045,860	1,020,285
One to three years	110,684		63,866
Three to five years	11,608		11,773
Five years and thereafter	3		18
	$	3,168,155	1,095,942

Interest expense on deposits for the years ended December 31, 2024, 2023 and 2022 is summarized as follows (in thousands):


	Years ended December 31,
	2024		2023	2022
Savings deposits	$	3,443	2,184	1,276
NOW and money market accounts	245,874		125,471	32,048
Certificates of deposits	100,206		31,804	5,380
	$	349,523	159,459	38,704

Borrowed Funds

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Borrowed Funds

Borrowed funds as of December 31, 2024 and 2023 are summarized as follows (in thousands):


	2024		2023
Securities sold under repurchase agreements	$	113,224	72,161
FHLBNY line of credit	385,000		148,000
FHLBNY advances	1,518,497		1,299,836
FRBNY BTFP borrowing	—		450,000
Purchase accounting adjustment ("PAA") on borrowed funds	3,714		36
Total borrowed funds	$	2,020,435	1,970,033

Total long-term borrowings totaled $513.9 million and $534.8 million as of December 31, 2024 and December 31, 2023, respectively, while total short-term borrowings totaled $1.51 billion and $1.44 billion for the same periods.

As of December 31, 2024, FHLBNY advances were at fixed rates and mature between January 2025 and September 2027, and as of December 31, 2023, FHLBNY advances were at fixed rates and mature between January 2024 and September 2027. These advances are secured by loans receivable under a blanket collateral agreement.

In March 2023, the Company established a facility under the Bank Term Funding Program ("BTFP" or "Program") with the Federal Reserve Bank of New York ("FRBNY"). The Company elected to participate in the BTFP due to significant cost savings compared to other wholesale funding sources. The funding was used to pay off existing wholesale borrowings. The ability to prepay at any time without penalty also enhanced our ability to manage our interest rate risk position. The balance was fully paid off in November of 2024.

Scheduled maturities of FHLBNY advances, FRBNY BTFP borrowings and lines of credit, including purchase accounting adjustments resulting from the Lakeland acquisition as of December 31, 2024 are as follows (in thousands):


	2024
Due in one year or less	$	1,268,262
Due after one year through two years	160,235
Due after two years through three years	475,000
Due after three years through four years	—
Due after four years through five years	—
Thereafter	—
Purchase accounting adjustment on borrowed funds	3,714
Total FHLBNY advances, FRBNY BTFP borrowings and overnight borrowings	$	1,907,211

Scheduled maturities of securities sold under repurchase agreements as of December 31, 2024 are as follows (in thousands):


	2024
Due in one year or less	$	113,224




Thereafter	—
Total securities sold under repurchase agreements	$	113,224

The following tables set forth certain information as to borrowed funds for the years ended December 31, 2024 and 2023 (in thousands):


	Maximum balance		Average balance	Weighted average interest rate
2024
Securities sold under repurchase agreements	$	117,323	102,043	2.03	%
FHLBNY overnight borrowings	567,000		115,902	5.45
FHLBNY advances	1,518,497		1,290,836	3.41
FRBNY BTFP Borrowing	550,000		472,077	4.78
2023
Securities sold under repurchase agreements	$	99,669	87,227	1.69	%
FHLBNY overnight borrowings	500,000		262,289	5.29
FHLBNY advances	1,592,277		1,282,124	3.14
FRBNY BTFP Borrowing	450,000		4,932	4.83

Securities sold under repurchase agreements include arrangements with deposit customers of the Bank to sweep funds into short-term borrowings. The Bank uses available for sale debt securities to pledge as collateral for the repurchase agreements. As of December 31, 2024 and December 31, 2023, the fair value of securities pledged to secure public deposits, repurchase agreements, lines of credit and FHLB advances, totaled $1.12 billion and $924.6 million, respectively. Additionally, as of December 31, 2024, there was no par value of securities pledged to secure BTFP, since the plan was fully paid off in November of 2024, compared to a par value of securities pledged to secure BTFP of $589.1 million as of December 31, 2023.

Interest expense on borrowings for the years ended December 31, 2024, 2023 and 2022 amounted to $74.9 million, $56.0 million and $9.5 million, respectively, while amortization expense related to purchase accounting for the years ended December 31, 2024, 2023 and 2022 amounted to a benefit of $1.4 million, $105,000 and $188,000, respectively.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

Subordinated Debentures	12 Months Ended
Subordinated Debentures	Dec. 31, 2024
Broker-Dealer [Abstract]
Subordinated Debentures	Subordinated Debentures On May 9, 2024, the Company issued $225.0 million of 9.00% Fixed-to-Floating Rate subordinated notes (the "Notes") due 2034, resulting in net proceeds of $221.2 million. The Notes bear interest at an initial rate of 9.00% per annum, payable semi-annually in arrears on May 15 and November 15 of each year, commencing on November 15, 2024. The last interest payment date for the fixed rate period will be May 15, 2029. From and including May 15, 2029 to, but excluding May 15, 2034 or the date of earlier redemption, the Notes will bear interest at a floating rate per annum equal to the Benchmark rate (which is expected to be three-month term Secured Overnight Financing Rate ("SOFR")), each as defined in and subject to the provisions of the Indenture, plus 476.5 basis points, payable quarterly in arrears on February 15, May 15, August 15, and November 15 of each year, commencing on August 15, 2029. The debt is included in Tier 2 capital for the Company. Debt issuance costs totaled $3.8 million and are being amortized to maturity. Amortization expense on these costs for the year ended December 31, 2024 amounted to $490,000. On May 16, 2024, the Company assumed Lakeland’s obligations with respect to $150.0 million aggregate principal amount of fixed-to-floating rate subordinated notes due September 15, 2031, with an initial quarterly call option of September 15, 2026. The Notes bear interest at a rate of 2.875% until September 15, 2026, and will then reset quarterly to the then current Benchmark rate, which is expected to be the three-month term SOFR plus a spread of 220 basis points. The debt is included in Tier 2 capital for the Company. 1st Constitution Capital Trust II, a non-consolidated subsidiary of the Company acquired as part of the Lakeland acquisition and a Delaware statutory business trust established on June 15, 2006, issued $18.0 million of variable rate capital trust pass-through securities to investors. In accordance with FASB ASC 810, Consolidation, 1st Constitution Capital Trust II is not included in our consolidated financial statements. The debt is included in Tier 2 capital for the Company. Lakeland Bancorp Capital Trust II, a non-consolidated subsidiary of the Company acquired as part of the Lakeland acquisition and a Delaware statutory business trust established in June 2003, issued $20.0 million of variable rate capital trust pass-through securities to investors. In accordance with FASB ASC 810, Consolidation, Lakeland Bancorp Capital Trust II is not included in our consolidated financial statements. The debt is included in Tier 2 capital for the Company. Lakeland Bancorp Capital Trust IV, a non-consolidated subsidiary of the Company acquired as part of the Lakeland acquisition and a Delaware statutory business trust established in May 2007, issued $20.0 million of variable rate capital trust pass-through securities to investors. In accordance with FASB ASC 810, Consolidation, Lakeland Bancorp Capital Trust IV is not included in our consolidated financial statements. On August 3, 2015, Lakeland acquired and extinguished $10.0 million of Lakeland Bancorp Capital Trust IV debentures. The debt is included in Tier 2 capital for the Company. Sussex Capital Trust II, a non-consolidated subsidiary of the Company acquired as part of the SB One acquisition and a Delaware statutory business trust established on June 28, 2007, issued $12.5 million of variable rate capital trust pass-through securities to investors. In accordance with FASB ASC 810, Consolidation, Sussex Capital Trust II is not included in our consolidated financial statements. The debt is included in Tier 2 capital for the Company. Subordinated debentures as of December 31, 2024 and 2023 totaled $401.6 million and $10.7 million, respectively.

Benefit Plans

12 Months Ended

Dec. 31, 2024

Retirement Benefits [Abstract]

Benefit Plans

Pension and Post-retirement Benefits

The Bank has a noncontributory defined benefit pension plan covering its full-time employees who had attained age 21 with at least one year of service as of April 1, 2003. The pension plan was frozen on April 1, 2003. All participants in the pension plan are 100% vested. The pension plan’s assets are invested in investment funds and group annuity contracts currently managed by the Principal Financial Group and Allmerica Financial. Based on the measurement date of December 31, 2024, no contributions will be made to the pension plan in 2025.

In addition to pension benefits, certain health care and life insurance benefits are currently made available to certain of the Bank’s retired employees. The costs of such benefits are accrued based on actuarial assumptions from the date of hire to the date the employee is fully eligible to receive the benefits. Effective January 1, 2003, eligibility for retiree health care benefits was frozen as to new entrants and benefits were eliminated for employees with less than ten years of service as of December 31, 2002. Effective January 1, 2007, eligibility for retiree life insurance benefits was frozen as to new entrants and retiree life insurance benefits were eliminated for employees with less than ten years of service as of December 31, 2006.

The following table sets forth information regarding the pension plan and post-retirement healthcare and life insurance plans (in thousands):


	Pension				Post-retirement
	2024		2023	2022	2024	2023	2022
Change in benefit obligation:
Benefit obligation at beginning of year	$	24,423	24,550	32,517	11,344	12,095	16,748
Service cost	—		—	—	11	13	28
Interest cost	1,154		1,208	855	540	600	443
Actuarial (gain) loss	(65)		(149)	(48)	(10)	(357)	140
Benefits paid	(1,639)		(1,648)	(1,658)	(681)	(658)	(933)
Change in actuarial assumptions	(1,275)		462	(7,116)	(111)	(349)	(4,331)
Benefit obligation at end of year	$	22,598	24,423	24,550	11,093	11,344	12,095
Change in plan assets:
Fair value of plan assets at beginning of year	$	52,734	47,930	58,451	—	—	—
Actual (loss) return on plan assets	4,775		6,452	(8,863)	—	—	—
Employer contributions	—		—	—	681	658	933
Benefits paid	(1,639)		(1,648)	(1,658)	(681)	(658)	(933)
Fair value of plan assets at end of year	55,870		52,734	47,930	—	—	—
Funded status at end of year	$	33,272	28,311	23,380	(11,093)	(11,344)	(12,095)

For the years ended December 31, 2024 and 2023, the Company, in the measurement of its pension plan and post-retirement obligations updated its mortality assumptions to the PRI 2012 mortality table with the fully generational projection scale MP 2021 issued by The Society of Actuaries ("SOA") in October 2021. The prepaid pension benefits of $33.3 million and the unfunded post-retirement healthcare and life insurance benefits of $11.1 million as of December 31, 2024 are included in Other assets and Other liabilities, respectively, in the Consolidated Statements of Financial Condition.

The components of accumulated other comprehensive loss (income) related to the pension plan and other post-retirement benefits, on a pre-tax basis, as of December 31, 2024 and 2023 are summarized in the following table (in thousands):


	Pension			Post-retirement
	2024		2023	2024	2023
Unrecognized prior service cost	$	—	—	—	—
Unrecognized net actuarial loss (income)	2,573		5,633	(8,381)	(10,378)
Total accumulated other comprehensive loss (income)	$	2,573	5,633	(8,381)	(10,378)

Net periodic (benefit) increase cost for the years ending December 31, 2024, 2023 and 2022, included the following components (in thousands):


	Pension				Post-retirement
	2024		2023	2022	2024	2023	2022
Service cost	$	—	—	—	11	13	28
Interest cost	1,154		1,208	855	540	600	443
Return on plan assets	(3,112)		(2,824)	(3,456)	—	—	—
Amortization of:
Net loss (gain)	57		709	—	(2,118)	(2,130)	(1,304)

Unrecognized prior service cost	—		—	—	—	—	—

Net periodic (benefit) increase cost	$	(1,901)	(907)	(2,601)	(1,567)	(1,517)	(833)

The weighted average actuarial assumptions used in the plan determinations as of December 31, 2024, 2023 and 2022 were as follows:


	Pension						Post-retirement
	2024		2023		2022		2024		2023		2022
Discount rate	5.50	%	4.90	%	5.10	%	5.50	%	4.90	%	5.10	%
Rate of compensation increase	—		—		—		—		—		—
Expected return on plan assets	6.00		6.00		6.00		—		—		—
Medical and life insurance benefits cost rate of increase	—		—		—		5.00		5.50		6.00

The Company provides its actuary with certain rate assumptions used in measuring the benefit obligation. The most significant of these is the discount rate used to calculate the period-end present value of the benefit obligations, and the expense to be included in the following year’s financial statements. A lower discount rate will result in a higher benefit obligation and expense, while a higher discount rate will result in a lower benefit obligation and expense. The discount rate assumption was determined based on a cash flow-yield curve model specific to the Company’s pension and post-retirement plans. The Company compares this rate to certain market indices, such as long-term treasury bonds, or the Citigroup pension liability indices, for reasonableness. A discount rate of 5.50% was selected for the December 31, 2024 measurement date.

Assumed health care cost trend rates have a significant effect on the amounts reported for health care plans. A 1% change in the assumed health care cost trend rate would have had the following effects on post-retirement benefits as of December 31, 2024 (in thousands):


	1% increase		1% decrease
Effect on total service cost and interest cost	$	60	(55)
Effect on post-retirement benefits obligation	$	1,100	(950)

Estimated future benefit payments, which reflect expected future service, as appropriate for the next five years, are as follows (in thousands):


	Pension		Post-retirement
2025	$	1,759	751
2026	1,769		756
2027	1,786		777
2028	1,791		785
2029	1,803		800

The weighted-average asset allocation of pension plan assets as of December 31, 2024 and 2023 were as follows:


Asset Category	2024		2023
Domestic equities	37	%	38	%
Foreign equities	11	%	11	%
Fixed income	50	%	49	%
Real estate	2	%	2	%
Cash	—	%	—	%
Total	100	%	100	%

The Company’s expected return on pension plan assets assumption is based on historical investment return experience and evaluation of input from the Plan's Investment Consultant and the Company's Benefits Committee which manages the pension plan’s assets. The expected return on pension plan assets is also impacted by the target allocation of assets, which is based on the Company’s goal of earning the highest rate of return while maintaining risk at acceptable levels.

Management strives to have pension plan assets sufficiently diversified so that adverse or unexpected results from one security class will not have a significant detrimental impact on the entire portfolio. The target allocation of assets and acceptable ranges around the targets are as follows:


Asset Category	Target		Allowable Range
Domestic equities	37	%	30-41%
Foreign equities	11	%	5-13%
Fixed income	50	%	40-65%
Real estate	2	%	0-4%
Cash	—	%	0%
Total	100	%

The Company anticipates that the long-term asset allocation on average will approximate the targeted allocation. Actual asset allocations are the result of investment decisions by a third-party investment manager.

The following tables present the assets that are measured at fair value on a recurring basis by level within the GAAP fair value hierarchy as reported on the statements of net assets available for Plan benefits as of December 31, 2024 and 2023, respectively (in thousands):

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 as of December 31, 2024
	Total		(Level 1)	(Level 2)	(Level 3)
Group annuity contracts	$	73	—	73	—
Mutual funds:
Fixed income	27,740		27,740	—	—
International equity	6,042		6,042	—	—
Large U.S. equity	1,654		1,654	—	—
Small/Mid U.S. equity	1,127		1,127	—	—
Total mutual funds	36,563		36,563	—	—

Pooled separate accounts	19,234		—	19,234	—

Total Plan assets	$	55,870	36,563	19,307	—


	Fair value measurements as of December 31, 2023
	Total		(Level 1)	(Level 2)	(Level 3)
Group annuity contracts	$	76	—	76	—
Mutual funds:
Fixed income	25,728		25,728	—	—
International equity	5,713		5,713	—	—
Large U.S. equity	1,577		1,577	—	—
Small/Mid U.S. equity	1,114		1,114	—	—
Total mutual funds	34,132		34,132	—	—




Pooled separate accounts	18,526		—	18,526	—
Total Plan assets	$	52,734	34,132	18,602	—

401(k) Plan

The Bank has a 401(k) plan, and in connection with the merger with Lakeland assumed the Lakeland Bancorp, Inc. Salary Savings 401(k) and Trust Plan, both of which cover substantially all employees of the Bank. For 2024, 2023 and 2022, the Bank matched 25% of the first 6% contributed by the participants. The contribution percentage is determined by the board of directors in its sole discretion. The Bank’s aggregate contributions to the 401(k) Plan for 2024, 2023 and 2022 were $2.5 million, $1.3 million and $1.2 million, respectively.

Supplemental Executive Retirement Plan

The Bank maintains a non-qualified supplemental retirement plan for certain senior officers of the Bank. This unfunded plan, which was frozen as of April 1, 2003, provides benefits in excess of the benefits permitted to be paid by the pension plan under provisions of the tax law. Amounts expensed under this supplemental retirement plan amounted to $76,000, $73,000 and $73,000 for the years 2024, 2023 and 2022, respectively. As of December 31, 2024 and 2023, $1.6 million and $1.6 million, respectively, were recorded in Other liabilities on the Consolidated Statements of Financial Condition for this supplemental retirement plan. In connection with this supplemental retirement plan, an increase of $57,000, net of tax, was recorded in other comprehensive income (loss) for 2024, while there was no change recorded in other comprehensive income (loss) for 2023, while an increase of $283,000, net of tax, was recorded for 2022.

Retirement Plan for the Board of Directors of Provident Bank

The Bank maintains a Retirement Plan for the board of directors of the Bank, a non-qualified plan that provides cash payments for up to 10 years to eligible retired board members based on age and length of service requirements. The maximum payment under this plan to a board member, who terminates service on or after the age of 72 with at least ten years of service on the board, is forty quarterly payments of $2,500. The Bank may suspend payments under this plan if it does not meet Federal Deposit Insurance Corporation or New Jersey Department of Banking and Insurance minimum capital requirements. The Bank may terminate this plan at any time although such termination may not reduce or eliminate any benefit previously accrued to a board member without his or her consent. The plan was amended in December 2005 to terminate benefits under this plan for any directors who had less than ten years of service on the board of directors of the Bank as of December 31, 2006.

The plan further provides that, in the event of a change in control (as defined in the plan), the undistributed balance of a director’s accrued benefit will be distributed to him or her within 60 days of the change in control. The Bank paid $10,000, $5,000, and $5,000 to former board members under this plan for each of the years ended December 31, 2024, 2023 and 2022, respectively. As of December 31, 2024 and 2023, $776,000 and $128,000, respectively, were recorded in other liabilities on the Consolidated Statements of Financial Condition for this retirement plan. A minimal increase of $500, net of tax, was recorded in other comprehensive income for 2024, while there was a decrease of $7,000, net of tax, recorded in other comprehensive income for 2023 and an increase of $11,000 recorded in 2022, respectively, in connection with this plan.

Employee Stock Ownership Plan

The ESOP is a tax-qualified plan designed to invest primarily in the Company’s common stock that provides employees with the opportunity to receive a funded retirement benefit from the Bank, based primarily on the value of the Company’s common stock. The ESOP purchased 4,769,464 shares of the Company’s common stock at an average price of $17.09 per share with the proceeds of a loan from the Company to the ESOP. As of December 31, 2024, there was no outstanding loan principal, as the Bank made the final repayment on borrowed funds in December 2024. A final allocation of shares will be made to participants in May.

For the years ending December 31, 2024 and 2023, 286,564 shares and 311,946 shares from the ESOP were released, respectively. As of December 31, 2024, there were no remaining unallocated ESOP shares held in suspense, as final repayment was made in December. ESOP compensation expense for the years ended December 31, 2024, 2023 and 2022 was $2.6 million, $3.1 million and $4.1 million, respectively.

Non-Qualified Supplemental Defined Contribution Plan (“the Supplemental Employee Stock Ownership Plan”)

Effective January 1, 2004, the Bank established a deferred compensation plan for executive management and key employees of the Bank, known as Provident Bank Non-Qualified Supplemental Employee Stock Ownership Plan (the “Supplemental ESOP”). The Supplemental ESOP was amended and restated as the Non-Qualified Supplemental Defined Contribution Plan (the “Supplemental DC Plan”), effective January 1, 2010. The Supplemental DC Plan is a non-qualified plan that provides additional benefits to certain executives whose benefits under the 401(k) Plan and ESOP are limited by tax law limitations applicable to tax-qualified plans. The Supplemental DC Plan requires a contribution by the Bank for each participant who also participates in the 401(k) Plan and ESOP equal to the amount that would have been contributed under the terms of the 401(k) Plan and ESOP but for the tax law limitations, less the amount actually contributed under the 401(k) Plan and ESOP.

The Supplemental DC Plan provides for a phantom stock allocation for qualified contributions that may not be accrued in the qualified ESOP and for matching contributions that may not be accrued in the qualified 401(k) Plan due to tax law limitations. Under the Supplemental 401(k) provision, the estimated expense (benefit) for the years ending December 31, 2024, 2023 and 2022 was $37,000, $262,000 and $312,000, respectively, and included the matching contributions plus interest credited at an annual rate equal to the ten-year bond-equivalent yield on U.S. Treasury securities. Under the Supplemental ESOP provision, the estimated expense for the years ending December 31, 2024, 2023 and 2022 was $23,000, $432,000 and $144,000, respectively. The phantom equity is treated as equity awards (expensed at the time of allocation) and not liability awards which would require periodic adjustment to market, as participants do not have an option to take their distribution in cash.

2024 Equity Plan

Upon stockholders’ approval of the 2024 Equity Plan on April 25, 2024, shares available for stock awards and stock options under the Amended and Restated Long-Term Incentive Plan were reserved for issuance under the new 2024 Equity Plan. No additional grants of stock awards and stock options will be made under the Amended and Restated Long-Term Incentive Plan. The new plan authorized the issuance of up to 2,100,000 shares of Company common stock to be issued as stock awards. As of December 31, 2024, 2,271,833 shares remain available for grant under the plan. Shares previously awarded under prior equity incentive plans that are subsequently forfeited or expire may also be issued under this new plan.

Stock Awards

As a general rule, restricted stock grants are held in escrow for the benefit of the award recipient until vested. Awards outstanding generally vest in three annual installments, commencing one year from the date of the award. Additionally, certain

awards are three-year performance-vesting awards, which may or may not vest depending upon the attainment of certain corporate financial targets. Expense attributable to stock awards amounted to $8.4 million, $7.6 million and $9.4 million for the years ended December 31, 2024, 2023 and 2022, respectively.

A summary status of the granted but unvested stock awards as of December 31, and changes during the year, is presented below:


	Restricted Stock Awards
	2024	2023	2022
Outstanding at beginning of year	1,053,092	1,023,130	900,483
Granted	901,360	427,053	447,526
Forfeited	(428,307)	(328,761)	(105,556)
Vested	(63,307)	(68,330)	(219,323)
Outstanding at the end of year	1,462,838	1,053,092	1,023,130

As of December 31, 2024, unrecognized compensation cost relating to unvested restricted stock totaled $8.8 million. This amount will be recognized over a remaining weighted average period of 1.6 years.

Restricted Stock Units ("RSUs")

RSUs earn dividend equivalents (equal to cash dividends paid on the Company's common share) over the applicable performance or service period. Dividend equivalents, per the terms of the agreements, are accumulated and paid to the grantee on the quarterly dividend date, or forfeited if the applicable performance or service conditions are not met.

As part of the Lakeland acquisition, 302,805 shares were acquired on May 16, 2024. During the year, 3,414 shares vested and 2,843 shares were forfeited. Outstanding shares at the end of the year totaled 296,548, with unrecognized compensation cost relating to unvested RSUs totaling $3.2 million. This amount will be recognized over a remaining weighted average period of 1.9 years.

Stock Options

Each stock option granted entitles the holder to purchase one share of the Company’s common stock at an exercise price not less than the fair value of a share of the Company’s common stock at the date of grant. Options generally vest over a five-year period from the date of grant and expire no later than 10 years following the grant date. Additionally, certain options are three-year performance-vesting options, which may or may not vest depending upon the attainment of certain corporate financial targets.

A summary of the status of the granted but unexercised stock options as of December 31, 2024, 2023 and 2022, and changes during the year is presented below:


	2024			2023			2022
	Number of stock options	Weighted average exercise price		Number of stock options	Weighted average exercise price		Number of stock options	Weighted average exercise price
Outstanding at beginning of year	548,925	$	19.37	600,806	$	19.01	566,453	$	18.73
Granted	—	—		—	—		34,353	23.70
Exercised	—	—		(51,881)	15.23		—	—
Forfeited	—	—		—	—		—	—
Expired	(80,762)	16.38		—	—		—	—
Outstanding at the end of year	468,163	$	19.89	548,925	$	19.37	600,806	$	19.01

The total fair value of options vesting during 2024, 2023 and 2022 was $133,000, $198,000 and $195,000, respectively.

Compensation expense of approximately $11,000 and $77,000 is projected for 2025 and 2026 respectively, on stock options outstanding as of December 31, 2024. After March 2025, there are no unvested stock options expensed.

The following table summarizes information about stock options outstanding as of December 31, 2024:


	Options Outstanding				Options Exercisable
Range of exercise prices	Number of options outstanding	Average remaining contractual life	Weighted average exercise price		Number of options exercisable	Weighted average exercise price
$18.34-18.70	142,299	1.1	$	18.53	142,299	$	18.53
$20.62-27.25	325,864	4.8	$	23.20	314,413	$	23.19

The stock options outstanding and stock options exercisable as of December 31, 2024, both had an aggregate intrinsic value of $48,000.

The expense related to stock options is based on the fair value of the options at the date of the grant and is recognized ratably over the vesting period of the options.

Compensation expense related to the Company’s stock option plan totaled $77,000, $144,000 and $198,000 for 2024, 2023 and 2022, respectively.

The estimated fair values were determined on the dates of grant using the Black-Scholes Option pricing model. The fair value of the Company’s stock option awards are expensed on a straight-line basis over the vesting period of the stock option. The risk-free rate is based on the implied yield on a U.S. Treasury bond with a term approximating the expected term of the option. The expected volatility computation is based on historical volatility over a period approximating the expected term of the option. The dividend yield is based on the annual dividend payment per share, divided by the grant date stock price. The expected option term is a function of the option life and the vesting period.

There were no options granted during 2024 or 2023.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480266/715-60-50-3

+ Details

Income Taxes

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Income Taxes

The current and deferred amounts of income tax expense (benefit) for the years ended December 31, 2024, 2023 and 2022 are as follows (in thousands):


	Years ended December 31,
	2024		2023	2022
Current:
Federal	$	30,510	31,972	41,379
State	15,851		12,684	20,859
Total current income tax expense	46,361		44,656	62,238
Deferred:
Federal	(1,406)		905	1,825
State	(10,865)		1,820	395
Total deferred income tax expense	(12,271)		2,725	2,220
Total income tax expense	$	34,090	47,381	64,458

The Company recorded a deferred tax (benefit) expense of ($5.0) million, $11.1 million and ($68.2) million during 2024, 2023 and 2022, respectively, related to the unrealized gains (losses) on available for sale debt securities, which is reported in accumulated other comprehensive income (loss), net of tax. The Company recorded a deferred tax (benefit) expense of ($2.0) million, ($3.9) million and $6.2 million in 2024, 2023 and 2022, respectively, related to the unrealized gains (losses) on cash flow hedge advances, which is reported in accumulated other comprehensive income (losses), net of tax. Also, the Company recorded a deferred tax expense (benefit) of $1.1 million, $884,000 and $(517,000) in 2024, 2023 and 2022, respectively,

related to the amortization of post-retirement benefit obligations, which is reported in accumulated other comprehensive income (loss), net of tax.

A reconciliation between the amount of reported total income tax expense and the amount computed by multiplying the applicable statutory income tax rate is as follows (in thousands):


	Years ended December 31,
	2024		2023	2022
Tax expense at statutory rates	$	31,419	36,932	50,422
Increase (decrease) in taxes resulting from:
State tax, net of federal income tax benefit	11,027		11,313	16,791
Rate Change	(7,008)		—	—
Tax-exempt interest income	(2,861)		(2,514)	(2,590)
Bank-owned life insurance	(2,459)		(1,361)	(1,257)


Other, net	3,972		3,011	1,092
Total income tax expense	$	34,090	47,381	64,458

The net deferred tax asset is included in other assets in the Consolidated Statements of Financial Condition. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31, 2024 and 2023 are as follows (in thousands):


	2024		2023
Deferred tax assets:
Allowance for credit losses on loans	$	54,931	28,404
Allowance for credit loss on off-balance sheet ("OBS") credit exposure	1,998		924
Post-retirement benefit	5,485		5,758
Deferred compensation	2,926		384



Purchase accounting adjustments	105,950		—
Depreciation	4,836		1,126
SERP	1,991		1,137
ESOP	—		402
Stock-based compensation	3,694		2,963

Non-accrual interest	807		172


State Net Operating Loss ("NOL")	2,268		—
Federal NOL	1,389		160
Unrealized losses on available for sale debt securities	66,646		57,198


Lease liability	18,489		15,914
Other	4,666		112
Total gross deferred tax assets	276,076		114,654

Deferred tax liabilities:

Pension expense	10,161		8,997
Contingent consideration	436		283
Deferred loan costs	17,668		11,376
Investment securities, principally due to accretion of discounts	71		66
Purchase accounting adjustments	—		371
Intangibles	2,151		1,620

Originated mortgage servicing rights	129		147

Pension liability adjustments	2,546		1,459
Net unrealized gain on hedging activities	1,641		3,674
Lease right-of-use asset	17,648		15,084

Total gross deferred tax liabilities	52,451		43,077
Net deferred tax asset	$	223,625	71,577

Retained earnings as of December 31, 2024 includes approximately $51.8 million for which no provision for income tax has been made. This amount represents an allocation of income to bad debt deductions for tax purposes only. Events that would result in taxation of these reserves include the failure to qualify as a bank for tax purposes, distributions in complete or partial liquidation, stock redemptions and excess distributions to stockholders. As of December 31, 2024, the Company had an unrecognized tax liability of $14.7 million with respect to this reserve.

As a result of the Beacon acquisition in 2011 and the Lakeland acquisition in 2024, the Company acquired federal net operating loss carryforwards. There are approximately $6.6 million of NOL carryforwards available to offset future taxable income as of December 31, 2024. If not utilized, $653,000 of carryforward will expire in 2031, but the balance can be carried forward indefinitely subject to an 80% limitation on utilization. The federal NOLs are subject to annual Code Section 382 limitation in the amount of approximately $197,000. The Company has a state NOL carryforward of $61.9 million, as a result of the Lakeland acquisition. These net operating losses are subject to an annual limitation of approximately $30 million under IRS section 382. Management has determined that it is more likely than not that it will realize the net deferred tax asset based upon the nature and timing of the items listed above. In order to fully realize the net deferred tax asset, the Company will need to generate future taxable income. Management has projected that the Company will generate sufficient taxable income to utilize the net deferred tax asset; however, there can be no assurance that such levels of taxable income will be generated.

The Company’s policy is to report interest and penalties, if any, related to unrecognized tax benefits in income tax expense. The Company did not have any liabilities for uncertain tax positions as of December 31, 2024 and 2023.

The Company and its subsidiaries file a consolidated U.S. Federal income tax return. For tax periods prior to December 31, 2018, New Jersey tax law does not and has not allowed for a taxpayer to file a tax return on a combined or consolidated basis with another member of the affiliated group where there is common ownership. The Company and its subsidiaries is required to file a combined New Jersey state income tax return on apportioned and allocated income. Also, the Company and its subsidiaries file a combined tax income tax return in New York State, New York City, and will file a Connecticut income tax return based upon apportioned and allocated income. The Company, through its bank subsidiary, files a Pennsylvania Mutual Thrift Institution Tax return.

The Company's Federal and Pennsylvania Mutual Thrift Institutions tax returns are open for examination from 2021. The Company's New York State tax returns are open for examination from 2021. The Company's New Jersey State tax returns are open for examination from 2020.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Commitments and Concentrations of Credit Risk	12 Months Ended
Commitments and Concentrations of Credit Risk	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Concentrations of Credit Risk	Commitments and Concentrations of Credit Risk In the normal course of conducting its business, the Bank extends credit to meet the financing needs of its customers through commitments. Commitments and contingent liabilities, such as commitments to extend credit (including loan commitments of $2.73 billion and $2.09 billion as of December 31, 2024 and 2023, respectively, and undisbursed home equity and personal credit lines of $382.1 million and $273.0 million, as of December 31, 2024 and 2023, respectively, are not reflected in the accompanying consolidated financial statements. These instruments involve elements of credit and interest rate risk in excess of the amount recognized in the consolidated financial statements. The Bank uses the same credit policies and collateral requirements in making commitments and conditional obligations as it does for on-balance sheet loans. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since the commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Bank evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on management’s credit evaluation of the borrower. The Bank grants residential real estate loans on single- and multi-family dwellings to borrowers primarily in New Jersey. Its borrowers’ abilities to repay their obligations are dependent upon various factors, including the borrowers’ income and net worth, cash flows generated by the underlying collateral and value of the underlying collateral. Such factors are dependent upon various economic conditions and individual circumstances beyond the Bank’s control; the Bank is therefore subject to risk of loss. The Bank believes that its lending policies and procedures adequately minimize the potential exposure to such risks and that adequate provisions for loan losses are provided for all known and inherent risks. Collateral and/or guarantees are required for virtually all loans. A substantial portion of the Bank’s loans are to borrowers operating in or, are secured by real estate located in New Jersey, our primary market area. Accordingly, the collectability of a substantial portion of the Bank’s loan portfolio may be susceptible to changes in local real estate market conditions and the regional business environment.

Contingencies	12 Months Ended
Contingencies	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies The Company is involved in various legal actions and claims arising in the normal course of its business. Liabilities for loss contingencies arising from such litigation and claims are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated. As a result of a pending claim, a $1.4 million charge was recorded in the fourth quarter of 2024 for estimated contingent litigation reserves, which increased the Company's total contingent litigation reserves to $2.0 million as of December 31, 2024.

Regulatory Capital Requirements

12 Months Ended

Dec. 31, 2024

Regulatory Assets and Liabilities Disclosure [Abstract]

Regulatory Capital Requirements

FDIC regulations require banks to maintain minimum levels of regulatory capital. Under the regulations in effect as of December 31, 2024, the Bank is required to maintain: (1) a Tier 1 capital to total assets leverage ratio of 4.0%; (2) a common equity Tier 1 capital to risk-based assets ratio of 4.5%; (3) a Tier 1 capital to risk-based assets ratio of 6.0%; and (4) a total capital to risk-based assets ratio of 8.0%. In addition to establishing the minimum regulatory capital requirements, the regulations limit capital distributions and certain discretionary bonus payments to management if the institution does not hold a “capital conservation buffer” consisting of 2.5% of common equity Tier 1 capital to risk-weighted asset above the amount necessary to meet its minimum risk-based capital requirements.

Under its prompt corrective action regulations, the FDIC is required to take certain supervisory actions (and may take additional discretionary actions) with respect to an undercapitalized institution. Such actions could have a direct material effect on an institution’s financial statements. The regulations establish a framework for the classification of savings institutions into five categories: well capitalized; adequately capitalized; undercapitalized, significantly undercapitalized; and critically undercapitalized. Generally, an institution is considered well capitalized if it has: a leverage (Tier 1) capital ratio of at least 5.00%; a common equity Tier 1 risk-based capital ratio of 6.50%; a Tier 1 risk-based capital ratio of at least 8.00%; and a total risk-based capital ratio of at least 10.00%.

In the first quarter of 2020, U.S. federal regulatory authorities issued an interim final rule providing banking institutions that adopt CECL during the 2020 calendar year with the option to delay for two years the estimated impact of CECL on regulatory capital, followed by a three-year transition period to phase out the aggregate amount of the capital benefit provided during the initial two-year delay (i.e., a five-year transition in total). In connection with its adoption of CECL on January 1, 2020, the Company elected to utilize the five-year CECL transition.

The foregoing capital ratios are based in part on specific quantitative measures of assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by the FDIC about capital components, risk weightings and other factors.

As of December 31, 2024 and 2023, the Bank exceeded all minimum capital adequacy requirements to which it is subject. Further, the most recent FDIC notification categorized the Bank as a well-capitalized institution under the prompt corrective action regulations. There have been no conditions or events since that notification that management believes have changed the Bank’s capital classification.

The Company is regulated as a bank holding company, and as such, is subject to examination, regulation and periodic reporting under the Bank Holding Company Act, as administered by the Federal Reserve Board (“FRB”). The FRB has adopted capital adequacy guidelines for bank holding companies on a consolidated basis substantially similar to those of the FDIC for the Bank. As of December 31, 2024 and 2023, the Company was “well capitalized” under FRB guidelines. Regulations of the FRB provide that a bank holding company must serve as a source of strength to any of its subsidiary banks and must not conduct its activities in an unsafe or unsound manner. Under the prompt corrective action provisions discussed above, a bank holding company parent of an undercapitalized subsidiary bank would be directed to guarantee, within limitations, the capital restoration plan that is required of such an undercapitalized bank. If the undercapitalized bank fails to file an acceptable capital restoration plan or fails to implement an accepted plan, the FRB may prohibit the bank holding company parent of the undercapitalized bank from paying any dividend or making any other form of capital distribution without the prior approval of the FRB.

The following table shows the Company’s actual capital amounts and ratios as of December 31, 2024 and 2023, compared to the FRB minimum capital adequacy requirements and the FRB requirements for classification as a well-capitalized institution (dollars in thousands).


	Actual capital				FRB minimum capital adequacy requirements				FRB minimum capital adequacy requirements with capital conservation buffer				To be well-capitalized under prompt corrective action provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
As of December 31, 2024
Tier 1 leverage capital	$	1,984,052	8.50	%	$	933,491	4.00	%	$	933,491	4.00	%	$	1,166,864	5.00	%
Common equity Tier 1 risk-based capital	1,984,052		9.98		894,957		4.50		1,392,156		7.00		1,292,716		6.50
Tier 1 risk-based capital	1,984,052		9.98		1,193,276		6.00		1,690,475		8.50		1,591,035		8.00
Total risk-based capital	2,614,625		13.15		1,591,035		8.00		2,088,233		10.50		1,988,794		10.00


	Actual capital				FRB minimum capital adequacy requirements				FRB minimum capital adequacy requirements with capital conservation buffer				To be well-capitalized under prompt corrective action provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
As of December 31, 2023
Tier 1 leverage capital	$	1,396,512	10.22	%	$	546,662	4.00	%	$	546,662	4.00	%	$	683,327	5.00	%
Common equity Tier 1 risk-based capital	1,383,625		11.45		543,720		4.50		845,786		7.00		785,373		6.50
Tier 1 risk-based capital	1,396,512		11.56		724,959		6.00		1,027,026		8.50		966,612		8.00
Total risk-based capital	1,496,545		12.39		966,612		8.00		1,268,679		10.50		1,208,266		10.00

The following table shows the Bank’s actual capital amounts and ratios as of December 31, 2024 and 2023, compared to the FDIC minimum capital adequacy requirements and the FDIC requirements for classification as a well-capitalized institution (dollars in thousands).


	Actual capital				FDIC minimum capital adequacy requirements				FDIC minimum capital adequacy requirements with capital conservation buffer				To be well-capitalized under prompt corrective action provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
As of December 31, 2024
Tier 1 leverage capital	$	2,265,907	9.72	%	$	932,593	4.00	%	$	932,593	4.00	%	$	1,165,742	5.00	%
Common equity Tier 1 risk-based capital	2,265,907		11.42		892,544		4.50		1,388,402		7.00		1,289,231		6.50
Tier 1 risk-based capital	2,265,907		11.42		1,190,059		6.00		1,685,917		8.50		1,586,745		8.00
Total risk-based capital	2,458,799		12.40		1,586,745		8.00		2,082,603		10.50		1,983,432		10.00


	Actual capital				FDIC minimum capital adequacy requirements				FRB minimum capital adequacy requirements with capital conservation buffer				To be well-capitalized under prompt corrective action provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
As of December 31, 2023
Tier 1 leverage capital	$	1,343,223	9.84	%	$	546,168	4.00	%	$	546,168	4.00	%	$	682,709	5.00	%
Common equity Tier 1 risk-based capital	1,343,223		11.12		543,465		4.50		845,390		7.00		785,005		6.50
Tier 1 risk-based capital	1,343,223		11.12		724,620		6.00		1,026,545		8.50		966,160		8.00
Total risk-based capital	1,443,256		11.95		966,160		8.00		1,268,085		10.50		1,207,700		10.00

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

+ References + Details

Allowance for Credit Losses on Off-Balance Sheet Credit Exposures	12 Months Ended
	Dec. 31, 2024
Credit Loss [Abstract]
Allowance for Credit Losses on Off-Balance Sheet Credit Exposures	Allowance for Credit Losses on Off-Balance Sheet Credit Exposures Management analyzes the Company's exposure to credit losses for both on-balance sheet and off-balance sheet activity using a consistent methodology for the quantitative framework as well as the qualitative framework. For purposes of estimating the allowance for credit losses for off-balance sheet credit exposures, the exposure at default includes an estimated drawdown of unused credit based on historical credit utilization factors and current loss factors, resulting in a proportionate amount of expected credit losses. For the years ended December 31, 2024, 2023 and 2022, the Company recorded a $4.0 million provision, a $264,000 provision and a $3.4 million negative provision for credit losses for off-balance sheet credit exposures, respectively. The allowance for credit losses for off-balance sheet credit exposures was $7.4 million and $3.4 million as of December 31, 2024 and 2023, respectively, and are included in Other liabilities on the Consolidated Statements of Financial Condition.

Fair Value Measurements

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements

The Company utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The determination of fair values of financial instruments often requires the use of estimates. Where quoted market values in an active market are not readily available, the Company utilizes various valuation techniques to estimate fair value.

Fair value is an estimate of the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. However, in many instances fair value estimates may not be substantiated by comparison to independent markets and may not be realized in an immediate sale of the financial instrument.

GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of fair value hierarchy are as follows:


Level 1:			Unadjusted quoted market prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2:			Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability; and

Level 3:			Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity).

A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.

The valuation techniques are based upon the unpaid principal balance only, and exclude any accrued interest or dividends at the measurement date. Interest income and expense and dividend income are recorded within the consolidated statements of income depending on the nature of the instrument using the effective interest method based on acquired discount or premium.

Assets Measured at Fair Value on a Recurring Basis

The valuation techniques described below were used to measure fair value of financial instruments in the table below on a recurring basis as of December 31, 2024 and December 31, 2023.

Available for Sale Debt Securities, at Fair Value

For available for sale debt securities, fair value was estimated using a market approach. The majority of the Company’s securities are fixed income instruments that are not quoted on an exchange, but are traded in active markets. Prices for these instruments are obtained through third-party data service providers or dealer market participants with whom the Company has historically transacted both purchases and sales of securities. Prices obtained from these sources include market quotations and matrix pricing. Matrix pricing, a Level 2 input, is a mathematical technique used principally to value certain securities by

benchmarking to comparable securities. The Company evaluates the quality of Level 2 matrix pricing through comparison to similar assets with greater liquidity and evaluation of projected cash flows. As management is responsible for the determination of fair value, it performs quarterly analyses on the prices received from the pricing service to determine whether the prices are reasonable estimates of fair value. Specifically, management compares the prices received from the pricing service to a secondary pricing source. Additionally, management compares changes in the reported market values and returns to relevant market indices to test the reasonableness of the reported prices. The Company’s internal price verification procedures and review of fair value methodology documentation provided by independent pricing services has generally not resulted in an adjustment in the prices obtained from the pricing service. The Company also holds debt instruments issued by the U.S. government that are traded in active markets with readily accessible quoted market prices that are considered Level 1 within the fair value hierarchy.

Equity Securities, at Fair Value

The Company holds equity securities that are traded in active markets with readily accessible quoted market prices that are considered Level 1 inputs.

Derivatives

The Company records all derivatives on the statements of financial condition at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. The Company has interest rate derivatives resulting from a service provided to certain qualified borrowers in a loan related transaction which, therefore, are not used to manage interest rate risk in the Company’s assets or liabilities. As such, all changes in fair value of these derivatives are recognized directly in earnings.

The Company also uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges, and which satisfy hedge accounting requirements, 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 the exchange of the underlying notional amount. These derivatives were used to hedge the variable cash outflows associated with FHLBNY borrowings and brokered demand deposits. The change in the fair value of these derivatives is recorded in accumulated other comprehensive income (loss), and is subsequently reclassified into earnings in the period that the forecasted transactions affect earnings.

The fair value of the Company's derivatives is determined using discounted cash flow analysis using observable market-based inputs, which are considered Level 2 inputs.

Assets Measured at Fair Value on a Non-Recurring Basis

The valuation techniques described below were used to estimate fair value of financial instruments measured on a non-recurring basis as of December 31, 2024 and 2023.

Collateral Dependent Impaired Loans

For loans measured for impairment based on the fair value of the underlying collateral, fair value was estimated using a market approach. The Company measures the fair value of collateral underlying impaired loans primarily through obtaining independent appraisals that rely upon quoted market prices for similar assets in active markets. These appraisals include adjustments, on an individual case-by-case basis, to comparable assets based on the appraisers’ market knowledge and experience, as well as adjustments for estimated costs to sell between 5% and 10%. Management classifies these loans as Level 3 within the fair value hierarchy.

Foreclosed Assets

Assets acquired through foreclosure or deed in lieu of foreclosure are carried at the lower of the outstanding loan balance at the time of foreclosure or fair value, less estimated selling costs, which range between 5% and 10%. Fair value is generally based on independent appraisals that rely upon quoted market prices for similar assets in active markets. These appraisals include adjustments, on an individual case basis, to comparable assets based on the appraisers’ market knowledge and experience, and are classified as Level 3. When an asset is acquired, the excess of the loan balance over fair value less estimated selling costs is charged to the allowance for credit losses. A reserve for foreclosed assets may be established to provide for possible write-downs and selling costs that occur subsequent to foreclosure. Foreclosed assets are carried net of the

related reserve. Operating results from real estate owned, including rental income, operating expenses, and gains and losses realized from the sales of real estate owned, are recorded as incurred.

There were no changes to the valuation techniques for fair value measurements during the years ended December 31, 2024 and 2023.

The following tables present the assets and liabilities reported on the consolidated statements of financial condition at their fair value as of December 31, 2024 and 2023, by level within the fair value hierarchy (in thousands):


			Fair Value Measurements at Reporting Date Using:
	December 31, 2024		Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Measured on a recurring basis:
Available for sale debt securities:
U.S. Treasury obligations	$	330,598	330,598	—	—
Government-agency obligations	107,235		—	107,235	—
Mortgage-backed securities	2,062,159		—	2,062,159	—
Asset-backed securities	47,563		—	47,563	—
State and municipal obligations	116,917		—	116,917	—
Corporate obligations	104,443		—	104,443	—
Total available for sale debt securities	$	2,768,915	330,598	2,438,317	—
Equity Securities	19,110		19,110	—	—
Derivative assets	188,940		—	188,940	—
	$	2,976,965	349,708	2,627,257	—

Derivative liabilities	$	172,601	—	172,601	—

Measured on a non-recurring basis:
Loans measured for impairment based on the fair value of the underlying collateral	$	11,023	—	—	11,023
Foreclosed assets	9,473		—	—	9,473
	$	20,496	—	—	20,496


			Fair Value Measurements at Reporting Date Using:
	December 31, 2023		Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Measured on a recurring basis:
Available for sale debt securities:
U.S. Treasury obligations	$	253,878	253,878	—	—
Agency obligations	27,498		—	27,498	—
Mortgage-backed securities	1,285,609		—	1,285,609	—
Asset-backed securities	32,235		—	32,235	—
State and municipal obligations	56,584		—	56,584	—
Corporate obligations	34,308		—	34,308	—
Total available for sale debt securities	$	1,690,112	253,878	1,436,234	—
Equity Securities	1,270		1,270	—	—
Derivative assets	101,754		—	101,754	—
	$	1,793,136	255,148	1,537,988	—

Derivative liabilities	$	88,835	—	88,835	—

Measured on a non-recurring basis:
Loans measured for impairment based on the fair value of the underlying collateral	$	24,139	—	—	24,139
Foreclosed assets	11,651		—	—	11,651
	$	35,790	—	—	35,790

There were no transfers between Level 1, Level 2 and Level 3 during the years ended December 31, 2024 and 2023.

Other Fair Value Disclosures

The Company is required to disclose estimated fair value of financial instruments, both assets and liabilities on and off balance sheet, for which it is practicable to estimate fair value. The following is a description of valuation methodologies used for those assets and liabilities.

Cash and Cash Equivalents

For cash and due from banks, federal funds sold and short-term investments, the carrying amount approximates fair value. As of December 31, 2024 and December 31, 2023, $70,000 was included in cash and cash equivalents, representing cash collateral pledged to secure loan level swaps and risk participation agreements.

Held to Maturity Debt Securities

For held to maturity debt securities, fair value was estimated using a market approach. The majority of the Company’s securities are fixed income instruments that are not quoted on an exchange, but are traded in active markets. Prices for these instruments are obtained through third party data service providers or dealer market participants with whom the Company has historically transacted both purchases and sales of securities. Prices obtained from these sources include market quotations and matrix pricing. Matrix pricing, a Level 2 input, is a mathematical technique used principally to value certain securities by benchmarking to comparable securities. Management evaluates the quality of Level 2 matrix pricing through comparison to similar assets with greater liquidity and evaluation of projected cash flows. As management is responsible for the determination of fair value, it performs quarterly analyses on the prices received from the pricing service to determine whether the prices are reasonable estimates of fair value. Specifically, management compares the prices received from the pricing service to a secondary pricing source. Additionally, management compares changes in the reported market values and returns to relevant market indices to test the reasonableness of the reported prices. The Company’s internal price verification procedures and review of fair value methodology documentation provided by independent pricing services has generally not resulted in adjustment in the prices obtained from the pricing service. The Company also holds debt instruments issued by the U.S.

government and U.S. government-sponsored agencies that are traded in active markets with readily accessible quoted market prices that are considered Level 1 within the fair value hierarchy.

Federal Home Loan Bank of New York Stock

The carrying value of FHLBNY stock is its cost. The fair value of FHLBNY stock is based on redemption at par value. The Company classifies the estimated fair value as Level 1 within the fair value hierarchy.

Loans

Fair values are estimated for portfolios of loans with similar financial characteristics. Loans are segregated by type such as commercial mortgage, residential mortgage, commercial, construction and consumer. Each loan category is further segmented into fixed and adjustable rate interest terms and into performing and non-performing categories. The fair value of performing loans was estimated using a combination of techniques, including a discounted cash flow model that utilizes a discount rate that reflects the Company’s current pricing for loans with similar characteristics and remaining maturity, adjusted by an amount for estimated credit losses inherent in the portfolio at the balance sheet date (i.e. exit pricing). The rates take into account the expected yield curve, as well as an adjustment for prepayment risk, when applicable. The Company classifies the estimated fair value of its loan portfolio as Level 3.

The fair value for significant non-performing loans was based on recent external appraisals of collateral securing such loans, adjusted for the timing of anticipated cash flows. The Company classifies the estimated fair value of its non-performing loan portfolio as Level 3.

Deposits

The fair value of deposits with no stated maturity, such as non-interest bearing demand deposits and savings deposits, was equal to the amount payable on demand and classified as Level 1. The estimated fair value of certificates of deposit was based on the discounted value of contractual cash flows. The discount rate was estimated using the Company’s current rates offered for deposits with similar remaining maturities. The Company classifies the estimated fair value of its certificates of deposit portfolio as Level 2.

Borrowed Funds

The fair value of borrowed funds was estimated by discounting future cash flows using rates available for debt with similar terms and maturities and is classified by the Company as Level 2 within the fair value hierarchy.

Limitations

Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

Fair value estimates are based on existing on- and off-balance sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments.

Significant assets and liabilities that are not considered financial assets or liabilities include goodwill and other intangibles, deferred tax assets and premises and equipment. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates.

The following tables present the Company’s financial instruments at their carrying and fair values as of December 31, 2024 and December 31, 2023. Fair values are presented by level within the fair value hierarchy:


			Fair Value Measurements as of December 31, 2024 Using:
(Dollars in thousands)	Carrying value		Fair value	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Financial assets:
Cash and cash equivalents	$	205,939	205,939	205,939	—	—
Available for sale debt securities:
U.S. Treasury obligations	330,598		330,598	330,598	—	—
Government-agency obligations	107,235		107,235	—	107,235	—
Mortgage-backed securities	2,062,159		2,062,159	—	2,062,159	—
Asset-backed securities	47,563		47,563	—	47,563	—
State and municipal obligations	116,917		116,917	—	116,917	—
Corporate obligations	104,443		104,443	—	104,443	—
Total available for sale debt securities	$	2,768,915	2,768,915	330,598	2,438,317	—
Held to maturity debt securities, net of allowance for credit losses:

Government-agency obligations	$	9,999	9,707	—	9,707	—

State and municipal obligations	311,106		297,674	—	297,674	—
Corporate obligations	6,518		6,352	—	6,352	—
Total held to maturity debt securities, net of allowance for credit losses	$	327,623	313,733	—	313,733	—
FHLBNY and other stock	112,767		112,767	112,767	—	—
Equity Securities	19,110		19,110	19,110	—	—
Loans, net of allowance for credit losses	18,628,391		18,442,167	—	—	18,442,167
Derivative assets	188,940		188,940	—	188,940	—

Financial liabilities:
Deposits other than certificates of deposits	$	15,455,658	15,455,658	15,455,658	—	—
Certificates of deposit	3,168,155		3,168,216	—	3,168,216	—
Total deposits	$	18,623,813	18,623,874	15,455,658	3,168,216	—
Borrowings	2,020,435		2,017,013	—	2,017,013	—
Subordinated Debentures	401,608		423,675	—	423,675	—
Derivative liabilities	172,601		172,601	—	172,601	—


			Fair Value Measurements as of December 31, 2023 Using:
(Dollars in thousands)	Carrying value		Fair value	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Financial assets:
Cash and cash equivalents	$	180,255	180,255	180,255	—	—
Available for sale debt securities:
U.S. Treasury obligations	253,878		253,878	253,878	—	—
Government-agency obligations	27,498		27,498	—	27,498	—
Mortgage-backed securities	1,285,609		1,285,609	—	1,285,609	—
Asset-backed securities	32,235		32,235	—	32,235	—
State and municipal obligations	56,584		56,584	—	56,584	—
Corporate obligations	34,308		34,308	—	34,308	—
Total available for sale debt securities	$	1,690,112	1,690,112	253,878	1,436,234	—
Held to maturity debt securities:
US Treasury obligations	$	5,146	5,146	5,146	—	—
Government-agency obligations	11,058		10,406	10,406	—	—

State and municipal obligations	339,789		330,360	—	330,360	—
Corporate obligations	7,087		6,688	—	6,688	—
Total held to maturity debt securities, net of allowance for credit losses	$	363,080	352,600	15,552	337,048	—
FHLBNY stock	79,217		79,217	79,217	—	—
Equity Securities	1,270		1,270	1,270	—	—
Loans, net of allowance for credit losses	10,766,501		10,437,204	—	—	10,437,204
Derivative assets	101,754		101,754	—	101,754	—

Financial liabilities:
Deposits other than certificates of deposits	$	9,196,572	9,196,572	9,196,572	—	—
Certificates of deposit	1,095,942		1,093,125	—	1,093,125	—
Total deposits	$	10,292,514	10,289,697	9,196,572	1,093,125	—
Borrowings	1,970,033		1,960,174	—	1,960,174	—
Subordinated Debentures	10,695		9,198	—	9,198	—
Derivative liabilities	88,835		88,835	—	88,835	—

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Earnings Per Share

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Earnings Per Share

The following is a reconciliation of the outstanding shares used in the basic and diluted earnings per share calculations.


	For the Year Ended December 31,
	2024		2023	2022
	(In thousands, except per share data)
Net income	$	115,525	128,398	175,648
Basic weighted average common shares outstanding	109,668,911		74,844,489	74,700,623
Plus:
Dilutive shares	43,821		28,767	81,747
Diluted weighted average common shares outstanding	109,712,732		74,873,256	74,782,370
Earnings per share:
Basic	$	1.05	1.72	2.35
Diluted	$	1.05	1.71	2.35

Anti-dilutive stock options and awards totaling 1,447,878 shares, 1,222,890 shares and 884,333 shares as of December 31, 2024, 2023 and 2022, respectively, were excluded from the earnings per share calculations.

Parent-only Financial Information

12 Months Ended

Dec. 31, 2024

Condensed Financial Information Disclosure [Abstract]

Parent-only Financial Information

The condensed financial statements of Provident Financial Services, Inc. (parent company only) are presented below:

Condensed Statements of Financial Condition

(Dollars in Thousands)


	December 31, 2024		December 31, 2023
Assets
Cash and due from banks	$	47,677	7,948
Available for sale debt securities, at fair value	1,241		1,084
Investment in subsidiary	2,883,062		1,652,767
Due from subsidiary—SAP	61,836		28,677
ESOP loan	—		6,411
Other assets	13,382		4,571
Total assets	$	3,007,198	1,701,458
Liabilities and Stockholders’ Equity

Other liabilities	4,383		167
Subordinated Debentures	401,608		10,695
Total stockholders’ equity	2,601,207		1,690,596
Total liabilities and stockholders’ equity	$	3,007,198	1,701,458

Condensed Statements of Operations

(Dollars in Thousands)


	For the Years Ended December 31,
	2024		2023	2022
Dividends from subsidiary	$	105,406	61,213	109,013
Interest income	324		529	785
Investment gain	157		169	178
Total income	105,887		61,911	109,976
Interest expense on subordinated debentures	22,478		1,051	615
Non-interest expense	2,156		2,200	1,451
Total expense	24,634		3,251	2,066
Income before income tax expense	81,253		58,660	107,910
Income tax expense	—		247	—
Income before undistributed net income of subsidiary	81,253		58,413	107,910
Earnings in excess of dividends (equity in undistributed net income) of subsidiary	34,272		69,985	67,738
Net income	$	115,525	128,398	175,648

Condensed Statements of Cash Flows

(Dollars in Thousands)


	For the Years Ended December 31,
	2024		2023	2022
Cash flows from operating activities:
Net income	$	115,525	128,398	175,648
Adjustments to reconcile net income to net cash provided by operating activities
Earnings in excess of dividends (equity in undistributed net income) of subsidiary	(34,272)		(69,985)	(67,738)
ESOP allocation	2,601		3,086	4,140
SAP allocation	9,517		7,569	9,407
Stock option allocation	77		144	198
(Increase) decrease in due from subsidiary—SAP	(33,159)		5,762	3,847
Increase (decrease) in other assets	30,364		(11,317)	(13,817)
Decrease (increase) in other liabilities	4,216		(45)	(142)
Net cash provided by (used in) operating activities	94,869		63,612	111,543
Cash flows from investing activities:

Cash received, net of cash consideration paid for acquisition	—		—	—
Net decrease in ESOP loan	6,411		6,817	6,387
Net cash provided by investing activities	6,411		6,817	6,387
Cash flows from financing activities:
Purchases of treasury stock	—		—	(46,530)
Purchase of employee restricted shares to fund statutory tax withholding	(1,323)		(1,678)	(1,021)
Cash dividends paid	(100,956)		(72,447)	(72,023)
Reclassification of stock award shares	40,728		—	—
Shares issued dividend reinvestment plan	—		—	—
Stock options exercised	—		790	—
Net cash used in financing activities	(61,551)		(73,335)	(119,574)
Net increase (decrease) in cash and cash equivalents	39,729		(2,906)	(1,644)
Cash and cash equivalents at beginning of period	7,948		10,854	12,498
Cash and cash equivalents at end of period	$	47,677	7,948	10,854

Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Other Comprehensive Income (Loss)

The following table presents the components of other comprehensive (loss) income both gross and net of tax, for the years ended December 31, 2024, 2023 and 2022 (in thousands):


	For the Years Ended December 31,
	2024				2023			2022
	Before Tax		Tax Effect	After Tax	Before Tax	Tax Effect	After Tax	Before Tax	Tax Effect	After Tax
Components of Other Comprehensive Income ( Loss):
Unrealized losses on available for sale debt securities:
Net (losses) gains arising during the period	$	11,216	(3,375)	7,841	43,250	(11,125)	32,125	(254,591)	68,230	(186,361)
Reclassification adjustment for gains included in net income	2,986		(899)	2,087	—	—	—	(58)	16	(42)
Total	14,202		(4,274)	9,928	43,250	(11,125)	32,125	(254,649)	68,246	(186,403)




Unrealized gains (losses) on derivatives designated as cash flow hedges:
Net (losses) gains arising during the period	4,547		(1,368)	3,179	3,288	(900)	2,388	26,231	(7,030)	19,201
Reclassification adjustment for gains included in net income	(13,670)		4,113	(9,557)	(17,713)	4,765	(12,948)	(4,504)	1,207	(3,297)
Total	(9,123)		2,745	(6,378)	(14,425)	3,865	(10,560)	21,727	(5,823)	15,904
Amortization related to post-retirement obligations	3,162		(952)	2,210	3,249	(884)	2,365	(1,926)	517	(1,409)
Total other comprehensive (loss) income	$	8,241	(2,481)	5,760	32,074	(8,144)	23,930	(234,848)	62,940	(171,908)

The following table presents the changes in the components of accumulated other comprehensive (loss) income, net of tax, for the years ended December 31, 2024 and 2023 (in thousands):


	Changes in Accumulated Other Comprehensive Income by Component, net of tax For the Years Ended December 31,
	2024					2023
	Unrealized Losses on Available for Sale Debt Securities		Post-Retirement Obligations	Unrealized Gains on Derivatives (cash flow hedges)	Accumulated Other Comprehensive Income (Loss)	Unrealized Gains (Losses) on Available for Sale Debt Securities	Post-Retirement Obligations	Unrealized Gains (Losses) on Derivatives (cash flow hedges)	Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of the period	$	(154,489)	3,937	9,437	(141,115)	(186,614)	1,572	19,997	(165,045)
Current period change in other comprehensive (loss) income	9,928		2,210	(6,378)	5,760	32,125	2,365	(10,560)	23,930


Balance at the end of the period	$	(144,561)	6,147	3,059	(135,355)	(154,489)	3,937	9,437	(141,115)

The following table summarizes the reclassifications out of accumulated other comprehensive (loss) income for the years ended December 31, 2024, 2023 and 2022 (in thousands):


	Reclassifications Out of Accumulated Other Comprehensive Income (Loss)
	Amount reclassified from AOCI for the years ended December 31,				Affected line item in the Consolidated Statement of Income
	2024		2023	2022
Details of AOCI:
Available for sale debt securities:
Realized net gains on the sale of securities available for sale	$	(2,986)	—	(58)	Net gain on securities transactions
	899		—	16	Income tax expense
	(2,087)		—	(42)	Net of tax

Cash flow hedges:
Unrealized gains (losses) on derivatives designated as cash flow hedges	(13,670)		(17,713)	(4,504)	Interest expense
	4,113		4,765	1,207	Income tax expense
	(9,557)		(12,948)	(3,297)





Post-retirement obligations:
Amortization of actuarial (gains) losses	(2,061)		(1,421)	(1,304)	Compensation and employee benefits (1)
	620		384	349	Income tax expense
	(1,441)		(1037)	(955)	Net of tax




Total reclassifications	$	(13,085)	(13,985)	(4,293)	Net of tax

(1) This item is included in the computation of net periodic benefit cost. See Note 11. Benefit Plans

Derivative and Hedging Activities

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative and Hedging Activities

The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through the 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.

Non-designated Hedges. Derivatives not designated in qualifying hedging relationships are not speculative and result from a service the Company provides to certain qualified commercial borrowers in loan related transactions which, therefore, are not used to manage interest rate risk in the Company’s assets or liabilities. The Company may execute interest rate swaps with qualified commercial banking customers to facilitate their respective risk management strategies. Those interest rate swaps are simultaneously hedged by offsetting interest rate swaps that the Company executes with a third party, such that the Company minimizes its net risk exposure resulting from such transactions. The interest rate swap agreement which the Company executes with the commercial borrower is collateralized by the borrower's commercial real estate financed by the Company. As the Company has not elected to apply hedge accounting and these interest rate swaps do not meet the hedge accounting requirements, changes in the fair value of both the customer swaps and the offsetting swaps are recognized directly in earnings. As of December 31, 2024 and 2023, the Company had 482 and 154 interest rate swaps with an aggregate notional amount of $4.54 billion and $2.30 billion, respectively.

The Company periodically enters into risk participation agreements ("RPAs"), with the Company functioning as either the lead institution, or as a participant when another company is the lead institution on a commercial loan. These RPAs are entered into to manage the credit exposure on interest rate contracts associated with these loan participation agreements. Under the RPAs, the Company will either receive or make a payment in the event the borrower defaults on the related interest rate contract. The Company has minimum collateral posting thresholds with certain of its risk participation counterparties, and has posted collateral of $70,000 against the potential risk of default by the borrower under these agreements. As of December 31, 2024 and 2023 the Company had 9 and 12 credit derivatives with aggregate notional amounts of $79.2 million and $142.8 million, respectively, from participations in interest rate swaps as part of these loan participation arrangements. As of December 31, 2024, the asset and liability positions of these fair value credit derivatives were insignificant, compared to $17,000 and $8,000, respectively, as of December 31, 2023 .

Cash Flow Hedges of Interest Rate Risk. The Company’s objective in using interest rate derivatives is 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. Interest rate swaps designated as cash flow hedges involve the receipt of variable payment 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.

Changes in the fair value of derivatives designated and that qualify as cash flow hedges of interest rate risk are recorded in accumulated other comprehensive income and are subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. During the years ended December 31, 2024, 2023 and 2022, such derivatives were used to hedge the variable cash outflows associated with FHLBNY borrowings and brokered demand deposits.

Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s borrowings or demand deposits. During the next twelve months, the Company estimates that $4.6 million will be reclassified as a reduction to interest expense. As of December 31, 2024, the Company had 6 outstanding interest rate derivatives with an aggregate notional amount of $300.0 million that was designated as a cash flow hedge of interest rate risk.

The Company is party to master netting arrangements with its financial institution counterparties; however, the Company does not offset assets and liabilities under these arrangements for financial statement presentation purposes. The master netting arrangements provide for a single net settlement of all swap agreements, as well as collateral, in the event of default on, or termination of, any one contract. Collateral, usually in the form of cash or marketable investment securities, is posted by or received from the counterparty with net liability or asset positions, respectively, in accordance with contract thresholds. Master repurchase agreements which include “right of set-off” provisions generally have a legally enforceable right to offset recognized amounts. In such cases, the collateral would be used to settle the fair value of the swap or repurchase agreement should the Company be in default. The total amount of collateral held or pledged cannot exceed the net derivative fair values with the counterparty.

The tables below present a gross presentation, the effects of offsetting, and a net presentation of the Company’s financial instruments that are eligible for offset in the Consolidated Statements of Condition as of December 31, 2024 and December 31, 2023 (in thousands).


	Fair Values of Derivative Instruments as of December 31, 2024
	Asset Derivatives					Liability Derivatives
	Notional Amount		Consolidated Statements of Financial Condition	Fair value (1)		Notional Amount		Consolidated Statements of Financial Condition	Fair value (1)
Derivatives not designated as a hedging instrument:
Interest rate products	$	2,272,162	Other assets	$	174,196	$	2,272,162	Other liabilities	$	174,344
Credit contracts	11,662		Other assets	—		67,560		Other liabilities	—
Total derivatives not designated as a hedging instrument				174,196					174,344

Derivatives designated as a hedging instrument:
Interest rate products	225,000		Other assets	5,136		75,000		Other liabilities	204

Total gross derivative amounts recognized on the balance sheet				179,332					174,548

Gross amounts offset on the balance sheet				—					—
Net derivative amounts presented on the balance sheet				$	179,332				$	174,548

Gross amounts not offset on the balance sheet:
Financial instruments - institutional counterparties				$	2,255				$	2,255
Cash collateral - institutional counterparties				174,904					—
Net derivatives not offset				$	2,173				$	172,293


	Fair Values of Derivative Instruments as of December 31, 2023
	Asset Derivatives					Liability Derivatives
	Notional Amount		Consolidated Statements of Financial Condition	Fair value (1)		Notional Amount		Consolidated Statements of Financial Condition	Fair value (1)
Derivatives not designated as a hedging instrument:
Interest rate products	$	1,152,200	Other assets	$	89,261	$	1,152,200	Other liabilities	$	89,461
Credit contracts	46,359		Other assets	17		96,462		Other liabilities	8
Total derivatives not designated as a hedging instrument				89,278					89,469

Derivatives designated as a hedging instrument:
Interest rate products	330,000		Other assets	15,886		125,000		Other liabilities	1,365

Total gross derivative amounts recognized on the balance sheet				105,164					90,834

Gross amounts offset on the balance sheet				—					—
Net derivative amounts presented on the balance sheet				$	105,164				$	90,834

Gross amounts not offset on the balance sheet:
Financial instruments - institutional counterparties				$	—				—
Cash collateral - institutional counterparties				101,328					—
Net derivatives not offset				$	3,836				$	90,834

(1) The fair values related to interest rate products in the above net derivative tables show the total value of assets and liabilities, which include accrued interest receivable and accrued interest payable for the periods ended December 31, 2024 and December 31, 2023.

The table below presents the effect of the Company’s derivative financial instruments on the Consolidated Statements of Income for the years ended December 31, 2024, 2023 and 2022 (in thousands).


		Gain recognized in Income on derivatives
		For the Year Ended December 31,
	Consolidated Statements of Income	2024		2023	2022
Derivatives not designated as hedging instruments:
Interest rate products	Other income	$	435	133	722
Credit contracts	Other income	30		(7)	(49)
Total derivatives not designated as hedging instruments		$	465	126	673

Derivatives designated as hedging instruments:		(Gain) Loss recognized in Expense on derivatives


Interest rate products	Interest (income) expense	$	(13,670)	(17,713)	(4,504)
Total derivatives designated as a hedging instruments		$	(13,670)	(17,713)	(4,504)

The Company has agreements with certain of its dealer counterparties which contain a provision that if the Company defaults on any of its indebtedness, including a default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be deemed in default on its derivative obligations. In addition, the Company has agreements with certain of its dealer counterparties which contain a provision that if the Company fails to maintain its status as a well or adequately capitalized institution, then the counterparty could terminate the derivative positions and the Company would be required to settle its obligations under the agreements.

As of December 31, 2024, the Company had five dealer counterparties and the Company was in a net asset position with respect to all of its counterparties.

Revenue Recognition

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue Recognition

The Company generates revenue from several business channels. The guidance in ASU 2014-09, Revenue from Contracts with Customers (Topic 606) does not apply to revenue associated with financial instruments, including interest income on loans and investments, which comprise the majority of the Company's revenue. For the years ended December 31, 2024, 2023 and 2022 the out-of-scope revenue related to financial instruments were 92%, 89% and 84% of the Company's total revenue, respectively. Revenue-generating activities that are within the scope of Topic 606, are components of non-interest income. These revenue streams can generally be classified into wealth management revenue, insurance agency income and banking service charges and other fees.

The following table presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the years ended December 31, 2024, 2023 and 2022:


	December 31,
(in-thousands)		2024		2023	2022
Non-interest income
In-scope of Topic 606:
Wealth management fees		$	30,533	27,669	27,870
Insurance agency income		16,201		13,934	11,440
Banking service charges and other fees:
Service charges on deposit accounts		16,903		12,959	12,553
Debit card and ATM fees		4,651		2,963	3,124
Total banking service charges and other fees		21,554		15,922	15,677
Total in-scope non-interest income		68,288		57,525	54,987
Total out-of-scope non-interest income		25,825		22,304	32,802
Total non-interest income		$	94,113	79,829	87,789

Wealth management fee income represents fees earned from customers as consideration for asset management, investment advisory and trust services. The Company’s performance obligation is generally satisfied monthly and the resulting fees are recognized monthly. The fee is generally based upon the average market value of the assets under management ("AUM") for the month and the applicable fee rate. The monthly accrual of wealth management fees is recorded in other assets on the Company's Consolidated Statements of Financial Condition. Fees are received from the customer on a monthly basis. The Company does not earn performance-based incentives. To a lesser extent, optional services such as tax return preparation and estate settlement are also available to existing customers. The Company’s performance obligation for these transaction-based services is generally satisfied, and related revenue recognized, at either a point in time when the service is completed, or in the case of estate settlement, over a relatively short period of time, as each service component is completed.

Insurance agency income, consisting of commissions and fees, is generally recognized as of the effective date of the insurance policy. Commission revenues related to installment billings are recognized on the invoice date. Subsequent commission adjustments are recognized upon the receipt of notification from insurance companies concerning matters necessitating such adjustments. Profit-sharing contingent commissions are recognized when determinable, which is generally when such commissions are received from insurance companies, or when the Company receives formal notification of the amount of such payments.

Service charges on deposit accounts include overdraft service fees, account analysis fees and other deposit related fees. These fees are generally transaction-based, or time-based services. The Company's performance obligation for these services is generally satisfied, and revenue recognized, at the time the transaction is completed, or the service rendered. Fees for these services are generally received from the customer either at the time of transaction, or monthly. Debit card and ATM fees are generally transaction-based. Debit card revenue is primarily comprised of interchange fees earned when a customer's Company card is processed through a card payment network. ATM fees are largely generated when a Company cardholder uses a non-Company ATM, or a non-Company cardholder uses a Company ATM. The Company's performance obligation for these services is satisfied when the service is rendered. Payment is generally received at time of transaction or monthly.

Out-of-scope non-interest income primarily consists of Bank-owned life insurance and net fees on loan level interest rate swaps, along with gains and losses on the sale of loans and foreclosed real estate, loan prepayment fees and loan servicing fees. None of these revenue streams are subject to the requirements of Topic 606.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Leases

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Leases

The following table represents the consolidated statements of financial condition classification of the Company’s right-of use-assets and lease liabilities as of December 31, 2024 and December 31, 2023 (in thousands):


	Classification	December 31, 2024		December 31, 2023
Lease Right-of-Use Assets:
Operating lease right-of-use assets	Other assets	$	62,258	$	56,907
Lease Liabilities:
Operating lease liabilities	Other liabilities	$	65,226	$	60,039

The calculated amount of the right-of-use assets and lease liabilities in the table above are impacted by the length of the lease term and the discount rate used to present value the minimum lease payments. The Company’s lease agreements often include one or more options to renew at the Company’s discretion. If at lease inception the Company considers the exercising of a renewal option to be reasonably certain, the Company will include the extended term in the calculation of the right-of-use asset and lease liability. Regarding the discount rate, Topic 842 requires the use of the rate implicit in the lease whenever this rate is readily determinable. As this rate is rarely determinable, the Company utilizes its incremental borrowing rate at lease inception based upon the term of the lease. For operating leases existing prior to January 1, 2019, the rate for the remaining lease term as of January 1, 2019 was applied.

All of the leases in which the Company is the lessee are classified as operating leases and are primarily comprised of real estate property for branches and administrative offices with terms extending through 2046.

As of December 31, 2024, the weighted-average remaining lease term and the weighted-average discount rate for the Company's operating leases were 7.3 years and 3.23%, respectively.

The following table represents lease costs and other lease information for the Company's operating leases. The variable lease cost primarily represents variable payments such as common area maintenance and utilities (in thousands):


	Year ended December 31, 2024		Year ended December 31, 2023
Lease Costs
Operating lease cost	$	13,088	10,495

Variable lease cost	3,057		3,193

Total Lease Cost	$	16,145	13,688


Cash paid for amounts included in the measurement of lease liabilities (in thousands):	Year ended December 31, 2024		Year ended December 31, 2023

Operating cash flows from operating leases	$	12,818	9,904

During the year ended December 31, 2024, the Company added 39 new lease obligations related to the Lakeland merger. The Company recorded a $14.7 million right-of-use asset and lease liability for these lease obligations.

Future minimum payments for operating leases with initial or remaining terms of one year or more as of December 31, 2024 were as follows (in thousands):


	Operating Leases
Years ended:
2025	$	13,170
2026	11,715
2027	10,203
2028	8,742
2029	7,431
Thereafter	22,239
Total future minimum lease payments	73,500
Amounts representing interest	8,274
Present value of net future minimum lease payments	$	65,226

Leases

The following table represents the consolidated statements of financial condition classification of the Company’s right-of use-assets and lease liabilities as of December 31, 2024 and December 31, 2023 (in thousands):


	Classification	December 31, 2024		December 31, 2023
Lease Right-of-Use Assets:
Operating lease right-of-use assets	Other assets	$	62,258	$	56,907
Lease Liabilities:
Operating lease liabilities	Other liabilities	$	65,226	$	60,039

The calculated amount of the right-of-use assets and lease liabilities in the table above are impacted by the length of the lease term and the discount rate used to present value the minimum lease payments. The Company’s lease agreements often include one or more options to renew at the Company’s discretion. If at lease inception the Company considers the exercising of a renewal option to be reasonably certain, the Company will include the extended term in the calculation of the right-of-use asset and lease liability. Regarding the discount rate, Topic 842 requires the use of the rate implicit in the lease whenever this rate is readily determinable. As this rate is rarely determinable, the Company utilizes its incremental borrowing rate at lease inception based upon the term of the lease. For operating leases existing prior to January 1, 2019, the rate for the remaining lease term as of January 1, 2019 was applied.

All of the leases in which the Company is the lessee are classified as operating leases and are primarily comprised of real estate property for branches and administrative offices with terms extending through 2046.

As of December 31, 2024, the weighted-average remaining lease term and the weighted-average discount rate for the Company's operating leases were 7.3 years and 3.23%, respectively.

The following table represents lease costs and other lease information for the Company's operating leases. The variable lease cost primarily represents variable payments such as common area maintenance and utilities (in thousands):


	Year ended December 31, 2024		Year ended December 31, 2023
Lease Costs
Operating lease cost	$	13,088	10,495

Variable lease cost	3,057		3,193

Total Lease Cost	$	16,145	13,688


Cash paid for amounts included in the measurement of lease liabilities (in thousands):	Year ended December 31, 2024		Year ended December 31, 2023

Operating cash flows from operating leases	$	12,818	9,904

During the year ended December 31, 2024, the Company added 39 new lease obligations related to the Lakeland merger. The Company recorded a $14.7 million right-of-use asset and lease liability for these lease obligations.

Future minimum payments for operating leases with initial or remaining terms of one year or more as of December 31, 2024 were as follows (in thousands):


	Operating Leases
Years ended:
2025	$	13,170
2026	11,715
2027	10,203
2028	8,742
2029	7,431
Thereafter	22,239
Total future minimum lease payments	73,500
Amounts representing interest	8,274
Present value of net future minimum lease payments	$	65,226

Segment Reporting

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Segment Reporting

We conduct our operations through a single business segment. Substantially all of our interest and fees on loans and long-lived assets relate to our operations. Pursuant to FASB ASC 280, Segment Reporting, operating segments represent components of an enterprise for which separate financial information is available that is regularly evaluated by the chief operating decision maker in determining how to allocate resources and in assessing performance. The chief operating decision maker uses a variety of measures to assess the performance of the business as a whole, depending on the nature of the activity. The Company generates revenue from several business channels. Those streams are organized by the types of partners we work with to reach our customers, with success principally measured based on interest and fees on loans, loan receivables, active accounts and other sales metrics. Detailed profitability information of the nature that could be used to allocate resources and assess the performance and operations for each sales platform individually, however, is not used by our chief operating decision maker. Expense activities, including funding costs, credit losses and operating expenses, are not measured for each platform but instead are managed for the Company as a whole.

The following table represents segment information for the years ended December 31, 2024, 2023 and 2022:


	Years ended December 31,
	2024		2023		2022
Interest income on loans	$	944,296	556,235		417,650
Interest income on cash and debt securities	101,842		59,585		48,531
Total interest income	1,046,138		615,820		466,181
Total interest expense	445,524		216,366		48,629
Net interest income	600,614		399,454		417,552

Provision for credit losses	87,564		28,168		5,004
Net interest income after provision	513,050		371,286		412,548

Non interest income:
Wealth management income	30,533		27,669		27,870
Insurance Agency Income	16,201		13,934		11,440
Other non-interest income (1)	47,379		38,226		48,479
Total non-interest income	94,113		79,829		87,789

Non interest expense:
Compensation and employee benefits	218,341		148,497		147,203
Net occupancy expense	45,014		32,271		34,566
Data processing expense	35,579		22,993		21,729
Other non interest expense (2)	158,614		71,575		56,733
Total non-interest expense	457,548		275,336		260,231

Income tax expense	34,090		47,381		64,458

Net income	$	115,525	$	128,398	$	175,648

(1) Other non-interest income items includes fees and commissions, BOLI and other miscellaneous income.

(2) Other non-interest expense items includes merger-related expenses, amortization of intangibles and other miscellaneous expenses.

Our segment assets represent our total assets as presented on the Consolidated Statements of Financial Position.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/280/tableOfContent

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

+ Details

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company has evaluated subsequent events from the date of the Consolidated Financial Statements, and accompanying Notes thereto, through the date of issuance, and determined that there were no other significant events identified requiring recognition or 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	$ 115,525	$ 128,398	$ 175,648

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-10

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

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

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

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]	Our risk management program is designed to identify, assess, and mitigate risks across various aspects of the Company, including financial, operational, regulatory, reputational, and legal risks. This includes cybersecurity, a critical component of our broader enterprise risk management program given the increasing reliance on technology by customers, vendors, agents, and our own employees and the ever-evolving risk of cyber threats. Our Chief Information Security Officer leads the Information Security team that administers the Company's information security program, which covers cybersecurity risk. The Chief Information Security Officer reports to the Chief Digital & Innovation Officer, and works alongside the Chief Risk Officer who provides an effective second line of defense on technological and security risk management. Our cybersecurity program aims to address risks through a cross-functional approach that focuses on confidentiality, security, and availability of information vital to protecting our customers, employees, stakeholders, and the Company as a whole. Our objective for managing cybersecurity risk is to avoid or minimize the impacts of external threat events or other efforts to penetrate, disrupt, or misuse our critical systems or gain unauthorized access to sensitive information. The structure of our information security program is designed to address applicable laws, regulatory guidance, and industry best practices, including Section 501 (b) of the Gramm-Leach-Bliley Act and its implementing regulations, the Federal Financial Institutions Examination Council (“FFIEC”) Information Technology Examination Handbook, FFIEC Business Continuity Planning Handbook, FFIEC Cybersecurity Assessment Tool, and the Center for Internet Security Critical Security Controls. In addition, we leverage certain industry and government associations, vendors, third-party benchmarking, audits, and threat intelligence feeds to facilitate and promote program effectiveness. Our Chief Information Security Officer, Chief Digital & Innovation Officer, and our Chief Risk Officer, along with key members of their teams, regularly collaborate with peer banks, industry groups, and policymakers to discuss cybersecurity trends, issues, and emerging risks and identify best practices. We employ a "defense in depth" methodology, which focuses on protecting information systems, products and services by deploying multiple layers of security controls in order to mitigate risks. We leverage human capital, customer input, responsive processes, and effective technology as part of our efforts to manage and maintain cybersecurity controls, data access standards, risk management standards, and encryption standards. We also employ a variety of preventative and detective tools designed to monitor, block, and provide alerts regarding suspicious activity, as well as to report on suspected advanced persistent threats. We have established processes and systems designed to mitigate cybersecurity risk, including an acceptable-use policy and terms of acceptance that all employees must review and abide by, regular and on-going education and training for employees, information notices, and recovery and resilience tests. We engage in regular assessments of our infrastructure, software systems, network architecture, and data repositories, using internal cybersecurity experts and external specialists and vendors. We require critical third-party vendors to establish incident response and reporting to our information security team and to maintain business continuity plans. We also actively monitor our e-mail gateways for malicious phishing email campaigns and monitor remote connections as a significant portion of our workforce has the option to work remotely. Remote workers are required to login to our network through a secure virtual private network with password and multi-factor authentication in order to minimize security risks while working outside the office. The Information Security Department consistently identifies vulnerabilities with our systems, implements protective updates and patches, and monitors the status of remediation efforts. Regular reports on these activities are provided to management committees to ensure transparency and oversight of our cybersecurity practices. We maintain a Corporate Incident Response Plan (“CIRP”) that provides a documented set of protocols for responding to actual or potential cybersecurity incidents, including timely detection and analysis, containment and elimination, and recovery and improvement following an incident. The CIRP provides for notification of appropriate information breach or cybersecurity incidents and escalation to the Company's appointed Incident Management Team, which would be composed of an Incident Response Lead and team members from information technology, information security, enterprise risk management, corporate security, compliance, and legal teams, among others. The Incident Management Team would leverage the expertise of team members to work together to respond to the incident and take appropriate measures. The Senior Risk Committee would oversee the team and receive quarterly reporting on the incident and any relevant updates. The CIRP is coordinated through Incident Management Teams that involve the Bank’s Incident Management Lead, Chief Digital & Innovation Officer, Chief Information Security Officer, and other key departments. The CIRP facilitates coordination across multiple parts of our organization and is evaluated by the Chief Risk Officer and legal department at least annually.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	Our risk management program is designed to identify, assess, and mitigate risks across various aspects of the Company, including financial, operational, regulatory, reputational, and legal risks. This includes cybersecurity, a critical component of our broader enterprise risk management program given the increasing reliance on technology by customers, vendors, agents, and our own employees and the ever-evolving risk of cyber threats. Our Chief Information Security Officer leads the Information Security team that administers the Company's information security program, which covers cybersecurity risk. The Chief Information Security Officer reports to the Chief Digital & Innovation Officer, and works alongside the Chief Risk Officer who provides an effective second line of defense on technological and security risk management. Our cybersecurity program aims to address risks through a cross-functional approach that focuses on confidentiality, security, and availability of information vital to protecting our customers, employees, stakeholders, and the Company as a whole.
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]	Our Chief Information Security Officer is accountable for managing our enterprise information security department and administering our information security program. The responsibilities of this department include cybersecurity risk assessment, defense operations, incident response, vulnerability assessment, threat intelligence, identity governance administration, third-party risk management, and business resilience to ensure confidentiality, availability, and integrity of technological assets, as well as maintenance of policies, procedures, and standards. The foregoing responsibilities are covered on a day-to-day basis by a first line of defense function, and our second line of defense function, including the Chief Information Security Officer and Chief Risk Officer, provides guidance, oversight, monitoring and challenge of the first line’s activities. The second line of defense function is separated from the first line of defense function through organizational structure and ultimately reports directly to the Chief Risk Officer. The department as a whole, consists of information security professionals with varying degrees of education and experience. Individuals within the department are generally subject to professional education and certification requirements. Our Chief Information Security Officer has substantial relevant expertise and formal training in the areas of information security and cybersecurity risk management. Our board of directors has approved committees including the Risk Committee, which oversees overall risk management activities and policies including those related to technological and cybersecurity risks, and the Technology Committee, which oversees the Company’s technology strategy and approach to technology-related risks. The Risk and Technology Committees of the board are comprised of independent directors and receive regular reports from management, including the Chief Information Security Officer and Chief Risk Officer, on risk management, cybersecurity risks, actions taken to mitigate them, and technology and risk strategies. The Technology Committee reviews and approves our information security and technology budgets, policies, and strategies quarterly. The Risk Committee reviews our technology and cybersecurity risk profile on a regular basis. The Company has also formed management committees including the Management Risk Committee, which focuses on multiple aspects of risk management including information technology, and the Technology Steering Committee, which focuses on technology and cybersecurity policy within the Bank. These management committees provide oversight and governance of our technology and information security programs. The management committees are chaired by managers within the information technology and information security departments and include the Chief Risk Officer, Chief Information Security Officer, and Chief Digital & Innovation Officer as well as their direct reports and other key departmental managers from throughout the entire company. The management committees meet at least quarterly to provide oversight of key risk management strategies, standards, policies, practices, controls, and mitigation and prevention efforts employed to manage security risks, especially those related to cybersecurity and technology risks. More frequent meetings occur from time to time in accordance with the CIRP in order to facilitate timely informing, monitoring, and response efforts. The Chief Information Security Officer reports summaries of key issues, including significant cybersecurity and/or privacy incidents, discussed at committee meetings and the actions taken to the Technology Steering Committee of the board on a monthly basis (or more frequently as may be required by the CIRP). Notwithstanding our defensive measures and processes, the threat posed by cyber-attacks remains elevated. Our internal systems, processes, and controls are designed to mitigate loss from cyberattacks and, while we have experienced cybersecurity incidents in the past, to date, risks from cybersecurity threats have not to our knowledge materially affected the Company. For further discussion of risks from cybersecurity threats, see the section captioned “Risks Related to Technology and Security” in Item 1A. Risk Factors.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our board of directors has approved committees including the Risk Committee, which oversees overall risk management activities and policies including those related to technological and cybersecurity risks, and the Technology Committee, which oversees the Company’s technology strategy and approach to technology-related risks. The Risk and Technology Committees of the board are comprised of independent directors and receive regular reports from management, including the Chief Information Security Officer and Chief Risk Officer, on risk management, cybersecurity risks, actions taken to mitigate them, and technology and risk strategies. The Technology Committee reviews and approves our information security and technology budgets, policies, and strategies quarterly. The Risk Committee reviews our technology and cybersecurity risk profile on a regular basis.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Company has also formed management committees including the Management Risk Committee, which focuses on multiple aspects of risk management including information technology, and the Technology Steering Committee, which focuses on technology and cybersecurity policy within the Bank. These management committees provide oversight and governance of our technology and information security programs. The management committees are chaired by managers within the information technology and information security departments and include the Chief Risk Officer, Chief Information Security Officer, and Chief Digital & Innovation Officer as well as their direct reports and other key departmental managers from throughout the entire company. The management committees meet at least quarterly to provide oversight of key risk management strategies, standards, policies, practices, controls, and mitigation and prevention efforts employed to manage security risks, especially those related to cybersecurity and technology risks. More frequent meetings occur from time to time in accordance with the CIRP in order to facilitate timely informing, monitoring, and response efforts.
Cybersecurity Risk Role of Management [Text Block]	Our Chief Information Security Officer is accountable for managing our enterprise information security department and administering our information security program. The responsibilities of this department include cybersecurity risk assessment, defense operations, incident response, vulnerability assessment, threat intelligence, identity governance administration, third-party risk management, and business resilience to ensure confidentiality, availability, and integrity of technological assets, as well as maintenance of policies, procedures, and standards. The foregoing responsibilities are covered on a day-to-day basis by a first line of defense function, and our second line of defense function, including the Chief Information Security Officer and Chief Risk Officer, provides guidance, oversight, monitoring and challenge of the first line’s activities. The second line of defense function is separated from the first line of defense function through organizational structure and ultimately reports directly to the Chief Risk Officer. The department as a whole, consists of information security professionals with varying degrees of education and experience. Individuals within the department are generally subject to professional education and certification requirements. Our Chief Information Security Officer has substantial relevant expertise and formal training in the areas of information security and cybersecurity risk management. Our board of directors has approved committees including the Risk Committee, which oversees overall risk management activities and policies including those related to technological and cybersecurity risks, and the Technology Committee, which oversees the Company’s technology strategy and approach to technology-related risks. The Risk and Technology Committees of the board are comprised of independent directors and receive regular reports from management, including the Chief Information Security Officer and Chief Risk Officer, on risk management, cybersecurity risks, actions taken to mitigate them, and technology and risk strategies. The Technology Committee reviews and approves our information security and technology budgets, policies, and strategies quarterly. The Risk Committee reviews our technology and cybersecurity risk profile on a regular basis. The Company has also formed management committees including the Management Risk Committee, which focuses on multiple aspects of risk management including information technology, and the Technology Steering Committee, which focuses on technology and cybersecurity policy within the Bank. These management committees provide oversight and governance of our technology and information security programs. The management committees are chaired by managers within the information technology and information security departments and include the Chief Risk Officer, Chief Information Security Officer, and Chief Digital & Innovation Officer as well as their direct reports and other key departmental managers from throughout the entire company. The management committees meet at least quarterly to provide oversight of key risk management strategies, standards, policies, practices, controls, and mitigation and prevention efforts employed to manage security risks, especially those related to cybersecurity and technology risks. More frequent meetings occur from time to time in accordance with the CIRP in order to facilitate timely informing, monitoring, and response efforts. The Chief Information Security Officer reports summaries of key issues, including significant cybersecurity and/or privacy incidents, discussed at committee meetings and the actions taken to the Technology Steering Committee of the board on a monthly basis (or more frequently as may be required by the CIRP).
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our Chief Information Security Officer is accountable for managing our enterprise information security department and administering our information security program. The responsibilities of this department include cybersecurity risk assessment, defense operations, incident response, vulnerability assessment, threat intelligence, identity governance administration, third-party risk management, and business resilience to ensure confidentiality, availability, and integrity of technological assets, as well as maintenance of policies, procedures, and standards. The foregoing responsibilities are covered on a day-to-day basis by a first line of defense function, and our second line of defense function, including the Chief Information Security Officer and Chief Risk Officer, provides guidance, oversight, monitoring and challenge of the first line’s activities. The second line of defense function is separated from the first line of defense function through organizational structure and ultimately reports directly to the Chief Risk Officer. The department as a whole, consists of information security professionals with varying degrees of education and experience. Individuals within the department are generally subject to professional education and certification requirements. Our Chief Information Security Officer has substantial relevant expertise and formal training in the areas of information security and cybersecurity risk management.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our Chief Information Security Officer has substantial relevant expertise and formal training in the areas of information security and cybersecurity risk management.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The Company has also formed management committees including the Management Risk Committee, which focuses on multiple aspects of risk management including information technology, and the Technology Steering Committee, which focuses on technology and cybersecurity policy within the Bank. These management committees provide oversight and governance of our technology and information security programs. The management committees are chaired by managers within the information technology and information security departments and include the Chief Risk Officer, Chief Information Security Officer, and Chief Digital & Innovation Officer as well as their direct reports and other key departmental managers from throughout the entire company. The management committees meet at least quarterly to provide oversight of key risk management strategies, standards, policies, practices, controls, and mitigation and prevention efforts employed to manage security risks, especially those related to cybersecurity and technology risks. More frequent meetings occur from time to time in accordance with the CIRP in order to facilitate timely informing, monitoring, and response efforts. The Chief Information Security Officer reports summaries of key issues, including significant cybersecurity and/or privacy incidents, discussed at committee meetings and the actions taken to the Technology Steering Committee of the board on a monthly basis (or more frequently as may be required by the CIRP).
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Principles of Consolidation

The consolidated financial statements include the accounts of Provident Financial Services, Inc. (the “Company”), Provident Bank (the “Bank”) and their wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Certain reclassifications have been made in the consolidated financial statements to conform with current year classifications.

Business

The Company, through the Bank, provides a full range of banking services to individual and business customers through branch offices in New Jersey, Queens and Nassau Counties, New York and eastern Pennsylvania. The Bank is subject to competition from other financial institutions and to the regulations of certain federal and state agencies, and undergoes periodic examinations by those regulatory authorities.

Basis of Financial Statement Presentation

The consolidated financial statements of the Company have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”). In preparing the consolidated financial statements, management is required to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the reported amounts of assets and liabilities and disclosures about contingent assets and liabilities as of the dates of the consolidated statements of financial condition, and revenues and expenses for the periods then ended. Such estimates are used in connection with the determination of the allowance for credit losses, evaluation of goodwill for impairment, evaluation of the need for valuation allowances on deferred tax assets, determination of liabilities related to retirement and other post-retirement benefits, and valuation estimates of assets acquired and liabilities assumed in connection with the merger with Lakeland, among others. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the currently forecasted economic environment, which management believes to be reasonable under the circumstances. Such estimates and assumptions are adjusted when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in estimates will be reflected in the financial statements in future periods.

Segment Reporting

We conduct our operations through a single business segment. Substantially all of our interest and fees on loans and long-lived assets relate to our operations. Pursuant to FASB ASC 280, Segment Reporting, operating segments represent components of an enterprise for which separate financial information is available that is regularly evaluated by the chief operating decision maker in determining how to allocate resources and in assessing performance. The chief operating decision maker uses a variety of measures to assess the performance of the business as a whole, depending on the nature of the activity. The Company generates revenue from several business channels. Those streams are organized by the types of partners we work with to reach our customers, with success principally measured based on interest and fees on loans, loan receivables, active accounts and other sales metrics. Detailed profitability information of the nature that could be used to allocate resources and assess the performance and operations for each sales platform individually, however, is not used by our chief operating decision maker. Expense activities, including funding costs, credit losses and operating expenses, are not measured for each platform but instead are managed for the Company as a whole.

Cash and Cash Equivalents

For purposes of reporting cash flows, cash and cash equivalents include cash and due from banks, Federal funds sold and commercial paper with original maturity dates less than 90 days.

Securities

Securities include held to maturity debt securities and available for sale debt securities. The available for sale debt securities portfolio is carried at estimated fair value, with any unrealized gains or losses, net of taxes, reported as accumulated

other comprehensive income or loss in Stockholders’ Equity. Estimated fair values are provided by reputable and widely used pricing services who maintain pricing methodologies appropriate for varying security classes using valuation techniques that are in accordance with GAAP. Securities which the Company has the positive intent and ability to hold to maturity are classified as held to maturity debt securities and carried at amortized cost.

On January 1, 2020, the Company adopted the current expected credit loss ("CECL") methodology which replaces the incurred loss methodology with an expected loss methodology. Management measures expected credit losses on held to maturity debt securities on a collective basis by security type. Management classifies the held to maturity debt securities portfolio into the following security types:

•Government-agency obligations;

•Mortgage-backed securities;

•State and municipal obligations; and

•Corporate obligations.

All of the agency obligations held by the Company are issued by U.S. government entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. The majority of the state and municipal and corporate obligations carry credit ratings from the rating

agencies as of December 31, 2024 that were no lower than an A rating and the Company had no securities rated BBB or worse

by Moody’s Ratings ("Moody's").

Premiums on securities are amortized into income using a method that approximates the interest method over the remaining period to the earliest call date or contractual maturity, adjusted for anticipated prepayments. Discounts on securities are accreted into income over the remaining period to the contractual maturity, adjusted for anticipated prepayments. Interest income is recognized on an accrual basis, while dividend income is recognized when earned. Realized gains and losses are recognized when securities are sold or called based on the specific identification method. Accrued interest receivable on held to maturity debt securities are excluded from the estimate of credit losses. See Notes 3 and 4 for additional information on investment securities.

Equity Securities

The Company holds equity securities that are traded in active markets with readily determinable fair value using quoted market prices.

Fair Value of Financial Instruments

GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.

Federal Home Loan Bank of New York Stock

The Bank, as a member of the Federal Home Loan Bank of New York (“FHLBNY”), is required to hold shares of capital stock of the FHLBNY at cost based on a specified formula. The Bank carries this investment at cost, which approximates fair value.

Loans

Loans receivable are carried at unpaid principal balances plus unamortized premiums, purchase accounting mark-to-market adjustments and certain deferred loan origination costs, less certain deferred direct loan origination fees, unaccreted discounts, and the allowance for credit losses.

The Bank defers loan origination fees and certain direct loan origination costs and accretes or amortizes such amounts as an adjustment to the yield over the contractual lives of the related loans using the interest method. Premiums and discounts, purchase accounting mark-to-market adjustments on loans purchased are amortized or accreted as an adjustment of yield over the contractual lives of the related loans, adjusted for prepayments when applicable, using the effective interest method.

Loans are generally placed on non-accrual status when they are past due 90 days or more as to contractual obligations or when other circumstances indicate that collection is questionable. When a loan is placed on non-accrual status, any interest accrued but not received is reversed against interest income. Payments received on a non-accrual loan are either applied to the outstanding principal balance or recorded as interest income, depending on an assessment of the ability to collect the loan. A non-accrual loan is restored to accrual status when principal and interest payments become less than 90 days past due and its future collectability is reasonably assured.

An impaired loan is defined as a loan for which it is probable, based on current information, that the Bank will not collect all amounts due under the contractual terms of the loan agreement. Impaired loans are individually assessed to determine that each loan’s carrying value is not in excess of the fair value of the related collateral or the present value of the expected future cash flows. Residential mortgage and consumer loans are deemed smaller balance homogeneous loans which are evaluated collectively for impairment and are therefore excluded from the population of impaired loans.

Purchased credit deteriorated (“PCD”) loans are loans acquired that have experienced more-than-insignificant deterioration in credit quality since origination.

Allowance for Credit Losses on Loans

On January 1, 2020, the Company adopted ASU 2016-13, "Measurement of Credit Losses on Financial Instruments,” which replaced the incurred loss methodology with the CECL methodology. The allowance for credit losses is a valuation account that reflects management’s evaluation of the current expected credit losses in the loan portfolio. The Company maintains the allowance for credit losses through provisions for credit losses that are charged to income. Charge-offs against the allowance for credit losses are taken on loans where management determines that the collection of loan principal and interest is unlikely. Recoveries made on loans that have been charged-off are credited to the allowance for credit losses.

The allowance for credit losses is a valuation account that reflects management’s evaluation of the current expected credit losses in the loan portfolio. The Company maintains the allowance for credit losses through provisions for credit losses that are charged to income. Charge-offs against the allowance for credit losses are taken on loans where management determines that the collection of loan principal and interest is unlikely. Recoveries made on loans that have been charged-off are credited to the allowance for credit losses.

The calculation of the allowance for credit losses is a critical accounting policy of the Company. Management estimates the allowance using relevant available information, from internal and external sources, related to past events, current conditions, and a reasonable and supportable forecast. Historical credit loss experience for both the Company and peers provides the basis for the estimation of expected credit losses, where observed credit losses are converted to probability of default rate (“PDR”) curves through the use of segment-specific loss given default (“LGD”) risk factors that convert default rates to loss severity based on industry-level, observed relationships between the two variables for each segment, primarily due to the nature of the underlying collateral. These risk factors were assessed for reasonableness against the Company’s own loss experience and adjusted in certain cases when the relationship between the Company’s historical default and loss severity deviate from that of the wider industry. The historical PDR curves, together with corresponding economic conditions, establish a quantitative relationship between economic conditions and loan performance through an economic cycle.

Using the historical relationship between economic conditions and loan performance, management’s expectation of future loan performance is incorporated using an externally developed economic forecast. This forecast is applied over a period that management has determined to be reasonable and supportable. Beyond the period over which management can develop or source a reasonable and supportable forecast, the model will revert to long-term average economic conditions using a straight-line, time-based methodology. The Company's current forecast period is six quarters, with a four-quarter reversion period to historical average macroeconomic factors. The Company's economic forecast is approved by the Company's ACL Committee.

The allowance for credit losses is measured on a collective (pool) basis, with both a quantitative and qualitative analysis that is applied on a quarterly basis, when similar risk characteristics exist. The respective quantitative allowance for each loan segment is measured using an econometric, discounted PDR/LGD modeling methodology in which distinct, segment-specific multi-variate regression models are applied to an external economic forecast. Under the discounted cash flows methodology, expected credit losses are estimated over the effective life of the loans by measuring the difference between the net present value of modeled cash flows and amortized cost basis. Contractual cash flows over the contractual life of the loans are the basis for modeled cash flows, adjusted for modeled defaults and expected prepayments and discounted at the loan-level effective interest rate. The contractual term excludes expected extensions, renewals and modifications unless either of the following applies at the reporting date: management has a reasonable expectation that a modification will be executed with an individual

borrower; or when an extension or renewal option is included in the original contract and is not unconditionally cancellable by the Company. Management will assess the likelihood of the option being exercised by the borrower and appropriately extend the maturity for modeling purposes.

The Company considers qualitative adjustments to credit loss estimates for information not already captured in the quantitative component of the loss estimation process. Qualitative factors are based on portfolio concentration levels, model imprecision, changes in industry conditions, changes in the Company’s loan review process, changes in the Company’s loan policies and procedures, and economic forecast uncertainty.

One of the most significant judgments involved in estimating the Company’s allowance for credit losses on loans relates to the macroeconomic forecasts used to estimate expected credit losses over the forecast period. As of December 31, 2024, the model incorporated Moody’s baseline economic forecast, as adjusted for qualitative factors, as well as an extensive review of classified loans and loans that were classified as impaired with a specific reserve assigned to those loans. The allowance estimation process resulted in a total provision on loans of $83.6 million for the year ended December 31, 2024, and an overall coverage ratio of 104 basis points. Of the $83.6 million provision for the year, $60.1 million was recorded as part of the Lakeland merger in accordance with GAAP requirements for accounting for business combinations. Management believes the allowance for credit losses accurately represents the estimated inherent losses, factoring in the qualitative adjustment and other assumptions, including the selection of the baseline forecast within the model. If the Company used a more severe outlook, the provision would have risen by approximately $16.0 million, leading to an overall coverage ratio of approximately 112 basis points.

Portfolio segment is defined as the level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses. Management developed segments for estimating loss based on type of borrower and collateral which is generally based upon federal call report segmentation. The segments have been combined or sub-segmented as needed to ensure loans of similar risk profiles are appropriately pooled. As of December 31, 2024, the portfolio and class segments for the Company’s loan portfolio were:

•Mortgage Loans – Residential, Commercial Real Estate, Multi-Family and Construction

•Commercial Loans – Commercial Owner-Occupied and Commercial Non-Owner Occupied

•Consumer Loans – First Lien Home Equity and Other Consumer

The allowance for credit losses on loans individually evaluated for impairment is based upon loans that have been identified through the Company’s normal loan monitoring process. This process includes the review of delinquent and problem loans at the Company’s Delinquency, Credit, Credit Risk Management and Allowance Committees; or which may be identified through the Company’s loan review process. Generally, the Company only evaluates loans individually for impairment if the loan is non-accrual, non-homogeneous and the balance is greater than $1.0 million. In instances where the loan is under $1.0 million, but part of a relationship over $1.0 million, all loans in the relationship would be evaluated individually for impairment.

For all classes of loans deemed collateral-dependent, the Company estimates expected credit losses based on the fair value of the collateral less any selling costs. If the loan is not collateral dependent, the allowance for credit losses related to individually assessed loans is based on discounted expected cash flows using the loan’s initial effective interest rate.

For loans acquired that have experienced more-than-insignificant deterioration in credit quality since their origination are considered PCD loans. The Company evaluates acquired loans for deterioration in credit quality based on any of, but not limited to, the following: (1) non-accrual status; (2) modification designation; (3) risk ratings of special mention, substandard or doubtful; (4) watchlist credits; and (5) delinquency status, including loans that are current on acquisition date, but had been previously delinquent. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. Subsequent to the acquisition date, the initial allowance for credit losses on PCD loans will increase or decrease based on future evaluations, with changes recognized in the provision for credit losses.

Management believes the primary risks inherent in the portfolio are a general decline in the economy, a decline in real estate market values, rising unemployment or a protracted period of elevated unemployment, increasing vacancy rates in commercial investment properties and possible increases in interest rates in the absence of economic improvement. Any one or a combination of these events may adversely affect borrowers’ ability to repay the loans, resulting in increased delinquencies, credit losses and higher levels of provisions. Management considers it important to maintain the ratio of the allowance for

credit losses to total loans at an acceptable level given current and forecasted economic conditions, interest rates and the composition of the portfolio.

The CECL approach to calculate the allowance for credit losses on loans is significantly influenced by the composition, characteristics, and quality of the Company’s loan portfolio, as well as the prevailing economic conditions and forecast utilized. Material changes to these and other relevant factors creates greater volatility to the allowance for credit losses, and therefore, greater volatility to the Company’s reported earnings. Although management believes that the Company has established and maintained the allowance for credit losses at appropriate levels, additions may be necessary if future economic and other conditions differ substantially from the current operating environment and economic forecast. Management evaluates its estimates and assumptions on an ongoing basis giving consideration to forecasted economic factors, historical loss experience and other factors. The model includes both quantitative and qualitative components. Such estimates and assumptions are adjusted when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods, and to the extent actual losses are higher than management estimates, additional provision for credit losses on loans could be required and could adversely affect our earnings or financial position in future periods. In addition, various regulatory agencies periodically review the adequacy of the Company’s allowance for credit losses as an integral part of their examination process. Such agencies may require the Company to recognize additions to the allowance or additional write-downs based on their judgments about information available to them at the time of their examination. Although management uses the best information available, the level of the allowance for credit losses remains an estimate that is subject to significant judgment and short-term volatility. See Note 5 to the Consolidated Financial Statements for more information on the allowance for credit losses on loans.

Material changes to these and other relevant factors creates greater volatility to the allowance for credit losses, and therefore, greater volatility to the Company’s reported earnings. For the year ended December 31, 2024, the increase in provision was primarily attributable to an initial CECL provision for credit losses on loans of $60.1 million recorded as part of the Lakeland merger in accordance with GAAP requirements for accounting for business combinations, combined with some economic forecast deterioration over the current twelve-month period within our CECL model, compared to last year.

Foreclosed Assets

Assets acquired through foreclosure or deed in lieu of foreclosure are carried at the lower of the outstanding loan balance at the time of foreclosure or fair value, less estimated costs to sell. Fair value is generally based on recent appraisals. When an asset is acquired, the excess of the loan balance over fair value, less estimated costs to sell, is charged to the allowance for credit losses. A reserve for foreclosed assets may be established to provide for possible write-downs and selling costs that occur subsequent to foreclosure. Foreclosed assets are carried net of the related reserve. Operating results from real estate owned, including rental income, operating expenses, and gains and losses realized from the sales of real estate owned, are recorded as incurred.

Banking Premises and Equipment

Land is carried at cost. Banking premises, furniture, fixtures and equipment are carried at cost, less accumulated depreciation, computed using the straight-line method based on their estimated useful lives. Leasehold improvements, carried at cost, net of accumulated depreciation, are amortized over the terms of the leases or the estimated useful lives of the assets, whichever are shorter, using the straight-line method. Maintenance and repairs are charged to expense as incurred.

Income Taxes

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 estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in tax expense in the period that includes the enactment date. Deferred tax assets and liabilities are reported as a component of Other Assets on the Consolidated Statements of Financial Condition. The determination of whether deferred tax assets will be realizable is predicated on estimates of future taxable income. Such estimates are subject to management’s judgment. A valuation reserve is established when management is unable to conclude that it is more likely than not that it will realize deferred tax assets based on the nature

and timing of these items. The Company recognizes, when applicable, interest and penalties related to unrecognized tax benefits in the provision for income taxes.

Trust Assets

Trust assets consisting of securities and other property (other than cash on deposit held by the Bank in fiduciary or agency capacities for customers of the Bank’s wholly owned subsidiary, Beacon) are not included in the accompanying consolidated statements of financial condition because such properties are not assets of the Bank.

Intangible Assets

Intangible assets of the Bank consist of goodwill, core deposit premiums, customer relationship premium and mortgage servicing rights. Goodwill represents the excess of the purchase price over the estimated fair value of identifiable net assets acquired through purchase acquisitions. In accordance with GAAP, goodwill with an indefinite useful life is not amortized, but is evaluated for impairment on an annual basis, or more frequently if events or changes in circumstances indicate potential impairment between annual measurement dates. As permitted by GAAP, the Company prepares a qualitative assessment in determining whether goodwill may be impaired. The factors considered in the assessment include macroeconomic conditions, industry and market conditions and overall financial performance of the Company, including share price, among others. The Company completed its annual qualitative assessment of goodwill as of July 1, 2024. Based upon its assessment of goodwill, the Company concluded that no further quantitative analysis was warranted.

Core deposit premiums represent the intangible value of depositor relationships assumed in previous purchase acquisitions and are amortized on an accelerated basis over 8.8 years, while the core deposit premiums related to SB One and Lakeland are amortized over its estimated useful life of 10.0 years. Customer relationship premiums represent the intangible value of customer relationships assumed in the purchase acquisitions of Beacon Trust Company, The MDE Group, Inc., Tirschwell & Loewy, Inc., and SB One Bank and are amortized on an accelerated basis over 12.0 years, 10.4 years, 10.0 years, and 13.0 years, respectively. Mortgage servicing rights are recorded when purchased or when originated mortgage loans are sold, with servicing rights retained. Mortgage servicing rights are amortized on an accelerated method based upon the estimated lives of the related loans, adjusted for prepayments. Mortgage servicing rights are carried at the lower of amortized cost or fair value.

Bank-owned Life Insurance

Bank-owned life insurance is accounted for using the cash surrender value method and is recorded at its realizable value.

Employee Benefit Plans

The Bank maintains a pension plan which covers full-time employees hired prior to April 1, 2003, the date on which the pension plan was frozen. The Bank’s policy is to fund at least the minimum contribution required by the Employee Retirement Income Security Act of 1974. GAAP requires an employer to: (a) recognize in its statement of financial condition the over-funded or under-funded status of a defined benefit post-retirement plan measured as the difference between the fair value of plan assets and the benefit obligation; (b) measure a plan’s assets and its obligations that determine its funded status at the end of the employer’s fiscal year (with limited exceptions); and (c) recognize as a component of other comprehensive income, net of tax, the actuarial gains and losses and the prior service costs and credits that arise during the period.

The Bank has a 401(k) plan, and in connection with the merger with Lakeland assumed the Lakeland Bancorp, Inc. Salary Savings 401(k) and Trust Plan, both of which cover substantially all employees of the Bank. The Bank may provide a matching contribution to eligible participants. The Bank’s matching contribution, if any, is determined by the board of directors in its sole discretion. In 2024, the board of directors approved a matching contribution of 25% of the first 6% of eligible compensation contributed by participants in the Provident Bank 401(k) plan.

The Bank has an Employee Stock Ownership Plan (“ESOP”). The funds borrowed by the ESOP from the Company to purchase the Company’s common stock are being repaid from the Bank’s contributions and dividends paid on unallocated ESOP shares over a period of up to 30 years. The Company’s common stock not allocated to participants is recorded as a reduction of stockholders’ equity at cost. Compensation expense for the ESOP is based on the average price of the Company’s stock during each quarter and the amount of shares allocated during the quarter. The Bank made the final repayment on borrowed funds in December 2024 and a final allocation of shares will be made to participants.

The Bank has an Equity Plan designed to provide competitive compensation for demonstrated performance and to align the interests of participants directly to increases in shareholder value. The Equity Plan provides for performance-vesting grants as well as time-vesting grants. Time-vesting stock awards, stock options and performance vesting stock awards that are based on a performance condition, such as return on average assets, are valued on the closing stock price on the date of grant. Performance-vesting stock awards and options that are based on a market condition, such as total shareholder return, would be valued using a generally accepted statistical technique to simulate future stock prices for the Bank and the components of the peer group which the Bank would be measured against.

Expense related to time-vesting stock awards and stock options is based on the fair value of the common stock on the date of the grant and on the fair value of the stock options on the date of the grant, respectively, and is recognized ratably over the vesting period of the awards. Performance vesting stock awards and stock options are either dependent upon a market condition or a performance condition. A market condition performance metric is tied to a stock price, either on an absolute basis, or a relative basis against peers, while a performance-condition is based on internal operations, such as earnings per share. The expense related to a market condition performance-vesting stock award or stock option requires an initial Monte Carlo simulation to determine grant date fair value, which will be recognized as a compensation expense regardless of actual payout, assuming that the executive is still employed at the end of the requisite service period. If pre-vesting termination (forfeiture) occurs, then any expense recognized to date can be reversed. The grant date fair value is recognized ratably over the performance period. The expense related to a performance condition stock award or stock option is based on the fair value of the award on the date of grant, adjusted periodically based upon the number of awards or options expected to be earned, recognized over the performance period.

In connection with the First Sentinel acquisition in July 2004, the Company assumed the First Savings Bank Directors’ Deferred Fee Plan (the “DDFP”). The DDFP was frozen prior to the acquisition. The Company recorded a deferred compensation equity instrument and corresponding contra-equity account for the value of the shares held by the DDFP at the July 14, 2004 acquisition date. Effective November 1, 2023, the DDFP was terminated and final distributions were made on or about November 1, 2024. As of December 31, 2024, there were no shares held by the DDFP.

The Bank maintains a non-qualified plan that provides supplemental benefits to certain executives who are prevented from receiving the full benefits contemplated by the 401(k) Plan’s and the ESOP’s benefit formulas under tax law limits for tax-qualified plans. In addition, and in connection with the merger with Lakeland, the Bank assumed the Lakeland Bancorp, Inc. Elective Deferral Plan (“LEDP”). The LEDP was frozen effective December 31, 2024 and effective January 1, 2025, the board of directors approved the Provident Bank Non-Qualified Supplemental DC Plan, to allow certain Bank executives to defer a portion of their compensation.

Post-retirement Benefits Other Than Pensions

The Bank provides post-retirement health care and life insurance plans to certain of its employees. The life insurance coverage is noncontributory to the participant. Participants contribute to the cost of medical coverage based on the employee’s length of service with the Bank. The costs of such benefits are accrued based on actuarial assumptions from the date of hire to the date the employee is fully eligible to receive the benefits. On December 31, 2002, the Bank eliminated post-retirement healthcare benefits for employees with less than 10 years of service. GAAP requires an employer to: (a) recognize in its statement of financial condition the over-funded or under-funded status of a defined benefit post-retirement plan measured as the difference between the fair value of plan assets and the benefit obligation; (b) measure a plan’s assets and its obligations that determine its funded status as of the end of the employer’s fiscal year (with limited exceptions); and (c) recognize as a component of other comprehensive income, net of tax, the actuarial gains and losses and the prior service costs and credits that arise during the period.

Derivatives

The Company records all derivatives on the statements of financial condition at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. The Company has interest rate derivatives resulting from a service provided to certain qualified borrowers in a loan related transaction which, therefore, are not used to manage interest rate risk in the Company’s assets or liabilities. As such, all changes in fair value of the Company’s derivatives are recognized directly in earnings.

The Company also uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges, and which satisfy hedge accounting requirements, 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 the exchange of the underlying notional amount. These derivatives were used to hedge the variable cash outflows associated with FHLBNY borrowings and brokered demand deposits. The change in the fair value of these derivatives is recorded in accumulated other comprehensive income, and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings.

Comprehensive Income

Comprehensive income is divided into net income and other comprehensive income (loss). Other comprehensive income (loss) includes items previously recorded directly to equity, such as unrealized gains and losses on available for sale debt securities, unrealized gains and losses on derivatives that are designated as cash flow hedges and amortization related to post-retirement obligations. Comprehensive income is presented in a separate Consolidated Statement of Comprehensive Income.

Earnings Per Share

Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock (such as stock options) were exercised or resulted in the issuance of common stock. These potentially dilutive shares would then be included in the weighted average number of shares outstanding for the period using the treasury stock method. Shares issued and shares reacquired during the period are weighted for the portion of the period that they were outstanding.

Impact of Recent Accounting Pronouncements

Accounting Pronouncements Adopted in 2024

In November 2023, FASB issued ASU No. 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”. The amendments in this ASU require public entities to disclose detailed information about a reportable segment’s expenses on both an annual and interim basis. ASU No. 2023-07 is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024, with early adoption in the interim period permitted. The amendments in ASU No. 2023-07 should be applied retrospectively to all periods presented in the financial statements. Upon transition, the segment expense categories and amounts disclosed in the prior periods should be based on the significant segment expense categories identified and disclosed in the period of adoption. The adoption of ASU No. 2023-07 did not have a significant impact on the Company's consolidated financial statements, other than enhanced disclosures.

Accounting Pronouncements Not Yet Adopted

In December 2023, FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”. The amendments in this ASU require improved annual income tax disclosures surrounding rate reconciliation, income taxes paid, and other disclosures. This update will be effective for financial statements issued for fiscal years beginning after December 15, 2024, with early adoption in the interim period permitted. The Company does not expect the adoption of this guidance to have a significant impact on the Company’s consolidated financial statements.

In November 2024, FASB issued ASU 2024-03, "Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures". This ASU requires disaggregated information about certain income statement line items in a tabular format in the notes to the financial statements. This update will be effective for financial statements issued for fiscal years beginning after December 15, 2026, with early adoption in the interim period permitted. The Company does not expect the adoption of this guidance to have a significant impact on the Company’s consolidated financial statements.

Fair Value Measurements

The Company utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The determination of fair values of financial instruments often requires the use of estimates. Where quoted market values in an active market are not readily available, the Company utilizes various valuation techniques to estimate fair value.

Fair value is an estimate of the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. However, in many instances fair value estimates may not be substantiated by comparison to independent markets and may not be realized in an immediate sale of the financial instrument.

GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of fair value hierarchy are as follows:


Level 1:			Unadjusted quoted market prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2:			Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability; and

Level 3:			Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity).

A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.

The valuation techniques are based upon the unpaid principal balance only, and exclude any accrued interest or dividends at the measurement date. Interest income and expense and dividend income are recorded within the consolidated statements of income depending on the nature of the instrument using the effective interest method based on acquired discount or premium.

Assets Measured at Fair Value on a Recurring Basis

The valuation techniques described below were used to measure fair value of financial instruments in the table below on a recurring basis as of December 31, 2024 and December 31, 2023.

Available for Sale Debt Securities, at Fair Value

For available for sale debt securities, fair value was estimated using a market approach. The majority of the Company’s securities are fixed income instruments that are not quoted on an exchange, but are traded in active markets. Prices for these instruments are obtained through third-party data service providers or dealer market participants with whom the Company has historically transacted both purchases and sales of securities. Prices obtained from these sources include market quotations and matrix pricing. Matrix pricing, a Level 2 input, is a mathematical technique used principally to value certain securities by

benchmarking to comparable securities. The Company evaluates the quality of Level 2 matrix pricing through comparison to similar assets with greater liquidity and evaluation of projected cash flows. As management is responsible for the determination of fair value, it performs quarterly analyses on the prices received from the pricing service to determine whether the prices are reasonable estimates of fair value. Specifically, management compares the prices received from the pricing service to a secondary pricing source. Additionally, management compares changes in the reported market values and returns to relevant market indices to test the reasonableness of the reported prices. The Company’s internal price verification procedures and review of fair value methodology documentation provided by independent pricing services has generally not resulted in an adjustment in the prices obtained from the pricing service. The Company also holds debt instruments issued by the U.S. government that are traded in active markets with readily accessible quoted market prices that are considered Level 1 within the fair value hierarchy.

Equity Securities, at Fair Value

The Company holds equity securities that are traded in active markets with readily accessible quoted market prices that are considered Level 1 inputs.

Derivatives

The Company records all derivatives on the statements of financial condition at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. The Company has interest rate derivatives resulting from a service provided to certain qualified borrowers in a loan related transaction which, therefore, are not used to manage interest rate risk in the Company’s assets or liabilities. As such, all changes in fair value of these derivatives are recognized directly in earnings.

The Company also uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges, and which satisfy hedge accounting requirements, 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 the exchange of the underlying notional amount. These derivatives were used to hedge the variable cash outflows associated with FHLBNY borrowings and brokered demand deposits. The change in the fair value of these derivatives is recorded in accumulated other comprehensive income (loss), and is subsequently reclassified into earnings in the period that the forecasted transactions affect earnings.

The fair value of the Company's derivatives is determined using discounted cash flow analysis using observable market-based inputs, which are considered Level 2 inputs.

Assets Measured at Fair Value on a Non-Recurring Basis

The valuation techniques described below were used to estimate fair value of financial instruments measured on a non-recurring basis as of December 31, 2024 and 2023.

Collateral Dependent Impaired Loans

For loans measured for impairment based on the fair value of the underlying collateral, fair value was estimated using a market approach. The Company measures the fair value of collateral underlying impaired loans primarily through obtaining independent appraisals that rely upon quoted market prices for similar assets in active markets. These appraisals include adjustments, on an individual case-by-case basis, to comparable assets based on the appraisers’ market knowledge and experience, as well as adjustments for estimated costs to sell between 5% and 10%. Management classifies these loans as Level 3 within the fair value hierarchy.

Revenue Recognition

Wealth management fee income represents fees earned from customers as consideration for asset management, investment advisory and trust services. The Company’s performance obligation is generally satisfied monthly and the resulting fees are recognized monthly. The fee is generally based upon the average market value of the assets under management ("AUM") for the month and the applicable fee rate. The monthly accrual of wealth management fees is recorded in other assets on the Company's Consolidated Statements of Financial Condition. Fees are received from the customer on a monthly basis. The Company does not earn performance-based incentives. To a lesser extent, optional services such as tax return preparation and estate settlement are also available to existing customers. The Company’s performance obligation for these transaction-based services is generally satisfied, and related revenue recognized, at either a point in time when the service is completed, or in the case of estate settlement, over a relatively short period of time, as each service component is completed.

Insurance agency income, consisting of commissions and fees, is generally recognized as of the effective date of the insurance policy. Commission revenues related to installment billings are recognized on the invoice date. Subsequent commission adjustments are recognized upon the receipt of notification from insurance companies concerning matters necessitating such adjustments. Profit-sharing contingent commissions are recognized when determinable, which is generally when such commissions are received from insurance companies, or when the Company receives formal notification of the amount of such payments.

Service charges on deposit accounts include overdraft service fees, account analysis fees and other deposit related fees. These fees are generally transaction-based, or time-based services. The Company's performance obligation for these services is generally satisfied, and revenue recognized, at the time the transaction is completed, or the service rendered. Fees for these services are generally received from the customer either at the time of transaction, or monthly. Debit card and ATM fees are generally transaction-based. Debit card revenue is primarily comprised of interchange fees earned when a customer's Company card is processed through a card payment network. ATM fees are largely generated when a Company cardholder uses a non-Company ATM, or a non-Company cardholder uses a Company ATM. The Company's performance obligation for these services is satisfied when the service is rendered. Payment is generally received at time of transaction or monthly.

Out-of-scope non-interest income primarily consists of Bank-owned life insurance and net fees on loan level interest rate swaps, along with gains and losses on the sale of loans and foreclosed real estate, loan prepayment fees and loan servicing fees. None of these revenue streams are subject to the requirements of Topic 606

Business Combinations (Tables)

12 Months Ended

Dec. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Estimated Fair Values of the Assets Acquired and the Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and the liabilities assumed at the merger date, net of cash consideration paid (in thousands):


	As of May 16, 2024
Assets acquired:
Cash and cash equivalents, net	$	194,548
Available for sale debt securities	1,585,993

Federal Home Loan Bank stock	46,113
Loans held for sale	1,494
Loans held for investment	7,906,326
Allowance for credit losses on PCD loans	(17,188)
Loans, net	7,889,138
Bank-owned life insurance	160,646
Banking premises and equipment	60,578
Accrued interest receivable	27,241
Goodwill	180,446
Other intangibles assets	209,915

Other assets	236,481
Total assets acquired	$	10,592,593

Liabilities assumed:
Deposits	$	8,622,924
Mortgage escrow deposits	5,532
Borrowed funds	785,927
Subordinated debentures	166,366
Other liabilities	135,066
Total liabilities assumed	$	9,715,815

Net assets acquired	$	876,779

Schedule of Fair Value of Loans Acquired in Acquisition

The table below illustrates the fair value adjustments made to the amortized cost basis in order to present the fair value of the loans acquired (in thousands):


Gross amortized cost basis as of May 16, 2024	$	8,323,589
Interest rate fair value adjustment on all loans	(330,540)
Credit fair value adjustment on non-PCD loans	(82,359)
Charge-offs on PCD Loans at acquisition	(4,364)
Allowance for credit losses on PCD loans	(17,188)
Fair value of acquired loans, net, as of May 16, 2024	$	7,889,138

The table below is a summary of the PCD loans that were acquired from Lakeland as of the closing date (in thousands):


Gross amortized cost basis as of May 16, 2024	$	564,147
Charge-offs on PCD Loans at acquisition	(4,364)
Interest component of expected cash flows (accretable difference)	(33,365)

Allowance for credit losses on PCD loans	(17,188)
Net PCD loans	$	509,230

Held to Maturity Debt Securities (Tables)

12 Months Ended

Dec. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of Investment Securities Held to Maturity

The following tables present the amortized cost, gross unrealized gains, gross unrealized losses and the estimated fair value for held to maturity debt securities, excluding allowances for credit losses of $14,000 and $31,000, as of December 31, 2024 and 2023 (in thousands):


	2024
	Amortized cost		Gross unrealized gains	Gross unrealized losses	Fair value

Government-agency obligations	$	9,999	—	(292)	9,707

State and municipal obligations	311,118		689	(14,133)	297,674
Corporate obligations	6,520		—	(168)	6,352
	$	327,637	689	(14,593)	313,733


	2023
	Amortized cost		Gross unrealized gains	Gross unrealized losses	Fair value
Treasury obligations	$	5,146	1	—	5,147
Government-agency obligations	11,058		—	(652)	10,406

State and municipal obligations	339,816		244	(9,700)	330,360
Corporate obligations	7,091		—	(403)	6,688
	$	363,111	245	(10,755)	352,601

Schedule of Investments Classified by Contractual Maturity Date

The amortized cost and fair value of held to maturity debt securities as of December 31, 2024 by contractual maturity, excluding allowances for credit losses of $14,000, as of December 31, 2024 are shown below (in thousands). Expected maturities may differ from contractual maturities due to prepayment or early call privileges of the issuer.


	2024
	Amortized cost		Fair value
Due in one year or less	$	44,861	44,506
Due after one year through five years	168,560		165,304
Due after five years through ten years	96,148		89,996
Due after ten years	18,068		13,927
	$	327,637	313,733

The amortized cost and fair value of available for sale debt securities as of December 31, 2024, by contractual maturity, are shown below (in thousands). Expected maturities may differ from contractual maturities due to prepayment or early call privileges of the issuer.


	2024
	Amortized cost		Fair value
Due in one year or less	$	141,817	141,426
Due after one year through five years	308,423		290,212
Due after five years through ten years	116,395		114,993
Due after ten years	71,796		65,051
	$	638,431	611,682

Schedule of Amortized Cost of held to Maturity Debt Securities by Credit Rating

The following table provides the amortized cost of held to maturity debt securities by credit rating as of December 31, 2024 (in thousands):


	December 31, 2024
Total Portfolio	AAA		AA	A	BBB	Not Rated	Total

Government-agency obligations	$	9,999	—	—	—	—	9,999

State and municipal obligations	44,821		234,212	28,735	—	3,350	311,118
Corporate obligations	501		2,013	3,981	—	25	6,520
	$	55,321	236,225	32,716	—	3,375	327,637

	December 31, 2023
Total Portfolio	AAA		AA	A	BBB	Not Rated	Total
Treasury obligations	$	5,146	—	—	—	—	5,146
Government-agency obligations	11,058		—	—	—	—	11,058

State and municipal obligations	43,749		156,438	137,231	—	2,398	339,816
Corporate obligations	504		2,510	4,052	—	25	7,091
	$	60,457	158,948	141,283	—	2,423	363,111

- Definition

Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

+ Details

Available for Sale Debt Securities (Tables)

12 Months Ended

Dec. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of Debt Securities Available for Sale

The following tables present the amortized cost, gross unrealized gains, gross unrealized losses and the fair value for available for sale debt securities as of December 31, 2024 and 2023 (in thousands):


	2024
	Amortized cost		Gross unrealized gains	Gross unrealized losses	Fair value
U.S. Treasury obligations	$	348,621	317	(18,340)	330,598
Government-agency obligations	105,965		1,461	(191)	107,235
Mortgage-backed securities	2,243,725		4,982	(186,548)	2,062,159
Asset-backed securities	47,203		645	(285)	47,563
State and municipal obligations	126,766		243	(10,092)	116,917
Corporate obligations	103,415		3,958	(2,930)	104,443
	$	2,975,695	11,606	(218,386)	2,768,915


	2023
	Amortized cost		Gross unrealized gains	Gross unrealized losses	Fair value
U.S. Treasury obligations	$	276,618	—	(22,740)	253,878
Government-agency obligations	26,310		1,188	—	27,498
Mortgage-backed securities	1,462,159		377	(176,927)	1,285,609
Asset-backed securities	31,809		594	(168)	32,235
State and municipal obligations	64,454		—	(7,870)	56,584
Corporate obligations	40,448		—	(6,140)	34,308
	$	1,901,798	2,159	(213,845)	1,690,112

Schedule of Investments Classified by Contractual Maturity Date

The amortized cost and fair value of held to maturity debt securities as of December 31, 2024 by contractual maturity, excluding allowances for credit losses of $14,000, as of December 31, 2024 are shown below (in thousands). Expected maturities may differ from contractual maturities due to prepayment or early call privileges of the issuer.


	2024
	Amortized cost		Fair value
Due in one year or less	$	44,861	44,506
Due after one year through five years	168,560		165,304
Due after five years through ten years	96,148		89,996
Due after ten years	18,068		13,927
	$	327,637	313,733

The amortized cost and fair value of available for sale debt securities as of December 31, 2024, by contractual maturity, are shown below (in thousands). Expected maturities may differ from contractual maturities due to prepayment or early call privileges of the issuer.


	2024
	Amortized cost		Fair value
Due in one year or less	$	141,817	141,426
Due after one year through five years	308,423		290,212
Due after five years through ten years	116,395		114,993
Due after ten years	71,796		65,051
	$	638,431	611,682

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-9

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

+ Details

Loans Receivable and Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2024

Receivables [Abstract]

Schedule of Summarized Loans Held for Investment

Loans held for investment as of December 31, 2024 and 2023 are summarized as follows (in thousands):


	2024		2023
Mortgage loans:
Commercial	$	7,228,078	4,512,411
Multi-family	3,382,933		1,812,500
Construction	823,503		653,246
Residential	2,010,637		1,164,956
Total mortgage loans	13,445,151		8,143,113
Commercial loans	4,608,600		2,440,621
Consumer loans	613,819		299,164
Total gross loans	18,667,570		10,882,898

Premiums on purchased loans	1,338		1,474

Net deferred fees	(9,538)		(12,456)
Total loans	$	18,659,370	10,871,916

Schedule of Aging Loans Held for Investment by Portfolio Segment and Class

The following tables summarize the aging of loans held for investment by portfolio segment and class of loans (in thousands):


	As of December 31, 2024
	30-59 Days		60-89 Days	90 days or more past due and accruing	Non-accrual	Total Past Due	Current	Total Loans Receivable	Non-accrual loans with no related allowance
Mortgage loans:
Commercial	$	8,538	3,954	—	20,883	33,375	7,194,703	7,228,078	13,575
Multi-family	—		—	—	7,498	7,498	3,375,435	3,382,933	7,498
Construction	—		—	—	13,246	13,246	810,257	823,503	13,246
Residential	6,388		5,049	—	4,535	15,972	1,994,665	2,010,637	4,535
Total mortgage loans	14,926		9,003	—	46,162	70,091	13,375,060	13,445,151	38,854
Commercial loans	4,248		2,377	—	24,243	30,868	4,577,732	4,608,600	15,164
Consumer loans	3,152		856	—	1,656	5,664	608,155	613,819	1,656
Total gross loans	$	22,326	12,236	—	72,061	106,623	18,560,947	18,667,570	55,674


	As of December 31, 2023
	30-59 Days		60-89 Days	90 days or more past due and accruing	Non-accrual	Total Past Due	Current	Total Loans Receivable	Non-accrual loans with no related allowance
Mortgage loans:
Commercial	$	825	—	—	5,151	5,976	4,506,435	4,512,411	5,151
Multi-family	3,815		1,635	—	744	6,194	1,806,306	1,812,500	744
Construction	—		—	—	771	771	652,475	653,246	771
Residential	3,429		1,208	—	853	5,490	1,159,466	1,164,956	853
Total mortgage loans	8,069		2,843	—	7,519	18,431	8,124,682	8,143,113	7,519
Commercial loans	998		198	—	41,487	42,683	2,397,938	2,440,621	36,281
Consumer loans	875		275	—	633	1,783	297,381	299,164	633
Total gross loans	$	9,942	3,316	—	49,639	62,897	10,820,001	10,882,898	44,433

Schedule of Allowance for Loan Losses by Portfolio Segment

The activity in the allowance for credit losses for the years ended December 31, 2024, 2023 and 2022 is as follows (in thousands):


	Years Ended December 31,
	2024		2023	2022
Balance at beginning of period	$	107,200	88,023	80,740
Initial allowance related to PCD loans	17,188		—	—
Provision charge for credit losses on loans (1)	83,604		27,900	8,400

Cumulative effect of adopting ASU 2022-02	—		(594)	—
Recoveries of loans previously charged off	3,263		2,292	5,431
Loans charged off	(17,823)		(10,421)	(6,548)
Balance at end of period	$	193,432	107,200	88,023

(1) The provision charge for credit losses on loans for the year ended December 31, 2024 includes a $60.1 million charge recorded as part of the Lakeland merger in accordance with GAAP requirements for accounting for business combinations.

The activity in the allowance for credit losses by portfolio segment for the years ended December 31, 2024 and 2023 are as follows (in thousands):


	For the Year Ended December 31, 2024
	Mortgage loans		Commercial loans (1)	Consumer loans	Total Portfolio Segments
Balance at beginning of period	$	73,407	31,475	2,318	107,200
Initial allowance related to PCD loans	10,628		6,070	490	17,188
Provision charge for credit losses on loans	61,274		20,011	2,319	83,604


Recoveries of loans previously charged off	86		2,621	556	3,263
Loans charged off	(808)		(16,535)	(480)	(17,823)
Balance at end of period	$	144,587	43,642	5,203	193,432

(1) The provision charge for credit losses on loans for the year ended December 31, 2024 includes a $2.8 million benefit to the allowance as a result of the $151.3 transfer from the commercial loans loans held for investment portfolio into the loans held for sale portfolio.


	For the Year Ended December 31, 2023
	Mortgage loans		Commercial loans	Consumer loans	Total Portfolio Segments
Balance at beginning of period	$	58,218	27,413	2,392	88,023
Cumulative effect of adopting ASU 2022-02	(510)		(43)	(41)	(594)
Provision charge (benefit) for credit losses on loans	16,877		11,159	(136)	27,900


Recoveries of loans previously charged off	546		1,309	437	2,292
Loans charged off	(1,724)		(8,363)	(334)	(10,421)
Balance at end of period	$	73,407	31,475	2,318	107,200

Schedule of Loan Modifications

The following table summarizes the Company's gross charge-offs recorded for the year ended December 31, 2024 by year of origination (in thousands):


	2024		2023	2022	2021	2020	Prior to 2020	Total Loans

Mortgage loans:
Commercial	$	—	—	—	—	—	801	801


Residential	—		—	7	—	—	—	7
Total mortgage loans	—		—	7	—	—	801	808
Commercial loans	—		1,434	2,731	10,259	1,775	335	16,535
Consumer loans (1)	25		8	9	4	—	35	81
Total gross loans	$	25	1,442	2,746	10,263	1,775	1,172	17,425

(1) During the year ended December 31, 2024, charge-offs on consumer overdraft accounts totaled $398,000, which are not included in the table above.

The following table summarizes the Company's gross charge-offs recorded for the year ended December 31, 2023 by year of origination (in thousands):


	2023		2022	2021	2020	2019	Prior to 2019	Total Loans

Mortgage loans:
Commercial	$	—	—	—	—	—	1,700	1,700


Residential	—		—	—	—	—	24	24
Total mortgage loans	—		—	—	—	—	1,724	1,724
Commercial loans	—		—	—	5,000	—	3,363	8,363
Consumer loans (1)	24		—	—	—	—	13	37
Total gross loans	$	24	—	—	5,000	—	5,100	10,124

(1) During the year ended December 31, 2023, charge-offs on consumer overdraft accounts totaled $297,000, which are not included in the table above.

The following illustrates the most common loan modifications by loan classes offered by the Company that are required to be disclosed pursuant to the requirements of ASU 2022-02:


Loan Classes						Modification types
Commercial						Term extension, interest rate reductions, payment delay, or combination thereof. These modifications extend the term of the loan, lower the payment amount, or otherwise delay payments during a defined period for the purpose of providing borrowers additional time to return to compliance with the original loan term.

Residential Mortgage/ Home Equity						Forbearance period greater than six months. These modifications require reduced or no payments during the forbearance period for the purpose of providing borrowers additional time to return to compliance with the original loan term, as well as term extension and rate adjustment. These modifications extend the term of the loan and provides for an adjustment to the interest rate, which reduces the monthly payment requirement.

Automobile/ Direct Installment						Term extension greater than three months. These modifications extend the term of the loan, which reduces the monthly payment requirement.

The following table presents the amortized cost basis of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2024 (in thousands):


	Year Ended December 31, 2024
	Term Extension		Interest Rate Change	Interest Rate Change and Term Extension	Change in Payment Type (1)	Total	% of Total Class of Loans and Leases

Mortgage loans:
Commercial	$	—	—	3,072	2,852	5,924	0.08	%
Multi-family	—		1,297	—	—	1,297	0.04


Total mortgage loans	—		1,297	3,072	2,852	7,221	0.05
Commercial loans	—		12,814	8,466	—	21,280	0.46

Total gross loans	$	—	14,111	11,538	2,852	28,501	0.15	%

(1) The change in payment type reflects a change from monthly principal and interest payments to interest only monthly payments.

The following table presents the amortized cost basis of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2023 (in thousands):


	Year Ended December 31, 2023
	Term Extension		Interest Rate Change	Interest Rate Change and Term Extension	Total	% of Total Class of Loans and Leases

Mortgage loans:

Multi-family	$	—	—	1,508	1,508	0.08	%


Total mortgage loans	—		—	1,508	1,508	0.02
Commercial loans	3,771		—	1,250	5,021	0.21

Total gross loans	$	3,771	—	2,758	6,529	0.06	%

The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2024 (in thousands):


	Weighted Average Months of Term Reduction	Weighted Average Rate Increase
Mortgage loans:
Commercial	2	2.40	%
Multi-family	0	5.00	%


Total mortgage loans	1	5.00
Commercial loans	2	2.22

Total gross loans	3	3.03	%

The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2023 (in thousands):


	Weighted Average Months of Term Extension	Weighted Average Rate Increase
Mortgage loans:

Multi-family	2	2.23	%


Total mortgage loans	2	2.23
Commercial loans	10	0.20

Total gross loans	9	0.61	%

The following table presents the aging analysis of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2024 (in thousands):


	Current		30-59 Days Past Due	60-89 Days Past Due	90 days or more Past Due	Non- Accrual	Total

Mortgage loans:
Commercial	$	5,924	—	—	—	—	5,924
Multi-family	481		94	—	320	402	1,297


Total mortgage loans	6,405		94	—	320	402	7,221
Commercial loans	15,340		—	—	88	5,852	21,280

Total gross loans	$	21,745	94	—	408	6,254	28,501

The following table presents the aging analysis of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2023 (in thousands):


	Current		30-59 Days Past Due	60-89 Days Past Due	90 days or more Past Due	Non- Accrual	Total

Mortgage loans:

Multi-family	$	1,508	—	—	—	—	1,508


Total mortgage loans	1,508		—	—	—	—	1,508
Commercial loans	5,021		—	—	—	—	5,021

Total gross loans	$	6,529	—	—	—	—	6,529

Schedule of Fair Value of Loans Acquired in Acquisition

The table below is a summary of the PCD loans that were acquired from Lakeland as of the closing date (in thousands):


Gross amortized cost basis as of May 16, 2024	$	564,147
Charge-offs on PCD Loans at acquisition	(4,364)
Interest component of expected cash flows (accretable difference)	(33,365)

Allowance for credit losses on PCD loans	(17,188)
Net PCD loans	$	509,230

Schedule of Loans Receivable by Credit Quality Risk Rating Indicator

The following table summarizes the Company's gross loans held for investment by year of origination and internally assigned credit grades (in thousands):


	Gross Loans Held for Investment by Year of Origination as of December 31, 2024
	2024		2023	2022	2021	2020	Prior to 2020	Revolving Loans	Revolving loans to term loans	Total Loans
Commercial Mortgage
Special mention	$	262	4,377	10,150	9,127	14,569	69,525	4,461	—	112,471
Substandard	3,044		73	10,952	—	21,051	50,870	—	—	85,990
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	3,306		4,450	21,102	9,127	35,620	120,395	4,461	—	198,461
Pass/Watch	417,991		904,924	1,623,911	997,658	884,295	2,063,646	126,297	10,895	7,029,617
Total Commercial Mortgage	$	421,297	909,374	1,645,013	1,006,785	919,915	2,184,041	130,758	10,895	7,228,078

Multi-family
Special mention	$	—	—	—	—	—	16,472			16,472
Substandard	—		1,560	—	1,043	—	5,439			8,042
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	—		1,560	—	1,043	—	21,911	—	—	24,514
Pass/Watch	363,254		478,184	701,811	460,979	460,161	882,291	10,181	1,558	3,358,419
Total Multi-Family	$	363,254	479,744	701,811	462,022	460,161	904,202	10,181	1,558	3,382,933

Construction
Special mention	$	—	1,064	—	—	—	—			1,064
Substandard	—		—	—	12,346	—	—			12,346
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	—		1,064	—	12,346	—	—	—	—	13,410
Pass/Watch	104,009		309,034	260,190	110,100	24,017	2,743	—	—	810,093
Total Construction	$	104,009	310,098	260,190	122,446	24,017	2,743	—	—	823,503

Residential (1)
Special mention	$	403	1,356	344	—	—	2,836	—	—	4,939
Substandard	—		764	689	1,119	—	1,963	—	—	4,535
Doubtful	—		—	—	—	—	—	—	—	—


	Gross Loans Held for Investment by Year of Origination as of December 31, 2024
	2024		2023	2022	2021	2020	Prior to 2020	Revolving Loans	Revolving loans to term loans	Total Loans
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	403		2,120	1,033	1,119	—	4,799	—	—	9,474
Pass/Watch	140,382		348,493	428,269	333,150	276,703	474,166	—	—	2,001,163
Total Residential	$	140,785	350,613	429,302	334,269	276,703	478,965	—	—	2,010,637

Total Mortgage
Special mention	$	665	6,797	10,494	9,127	14,569	88,833	4,461	—	134,946
Substandard	3,044		2,397	11,641	14,508	21,051	58,272	—	—	110,913
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	3,709		9,194	22,135	23,635	35,620	147,105	4,461	—	245,859
Pass/Watch	1,025,636		2,040,635	3,014,181	1,901,887	1,645,176	3,422,846	136,478	12,453	13,199,292
Total Mortgage	$	1,029,345	2,049,829	3,036,316	1,925,522	1,680,796	3,569,951	140,939	12,453	13,445,151

Commercial
Special mention	$	298	2,612	3,084	5,804	9,493	26,924	20,030	4,761	73,006
Substandard	6,887		5,023	62,028	28,208	23,130	21,170	31,787	1,746	179,979
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	7,185		7,635	65,112	34,012	32,623	48,094	51,817	6,507	252,985
Pass/Watch	747,299		427,445	697,899	390,770	256,421	678,154	1,089,408	68,219	4,355,615
Total Commercial	$	754,484	435,080	763,011	424,782	289,044	726,248	1,141,225	74,726	4,608,600

Consumer (1)
Special mention	$	—	—	3	—	124	109	725	—	961
Substandard	—		95	—	9	—	321	950	—	1,375
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	—		95	3	9	124	430	1,675	—	2,336
Pass/Watch	31,975		45,605	59,669	40,080	9,433	83,728	327,107	13,886	611,483
Total Consumer	$	31,975	45,700	59,672	40,089	9,557	84,158	328,782	13,886	613,819

Total Loans
Special mention	$	963	9,409	13,581	14,931	24,186	115,866	25,216	4,761	208,913
Substandard	9,931		7,515	73,669	42,725	44,181	79,763	32,737	1,746	292,267
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	10,894		16,924	87,250	57,656	68,367	195,629	57,953	6,507	501,180
Pass/Watch	1,804,910		2,513,685	3,771,749	2,332,737	1,911,030	4,184,728	1,552,993	94,558	18,166,390
Total Loans	$	1,815,804	2,530,609	3,858,999	2,390,393	1,979,397	4,380,357	1,610,946	101,065	18,667,570
(1) For residential and consumer loans, the Company assigns internal credit grades based on the delinquency status of each loan.


	Gross Loans Held for Investment by Year of Origination as of December 31, 2023
	2023		2022	2021	2020	2019	Prior to 2019	Revolving Loans	Revolving loans to term loans	Total Loans
Commercial Mortgage
Special mention	$	—	10,926	3,048	28,511	10,558	24,598	4,500	—	82,141
Substandard	482		—	—	—	—	9,599	434	—	10,515
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	482		10,926	3,048	28,511	10,558	34,197	4,934	—	92,656
Pass/Watch	628,709		883,149	677,464	470,257	470,971	1,166,205	90,760	32,240	4,419,755
Total Commercial Mortgage	$	629,191	894,075	680,512	498,768	481,529	1,200,402	95,694	32,240	4,512,411

Multi-family
Special mention	$	—	—	—	—	—	9,500	—	—	9,500
Substandard	3,253		—	—	—	—	—	—	—	3,253
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	3,253		—	—	—	—	9,500	—	—	12,753
Pass/Watch	340,842		172,244	184,136	271,878	230,456	592,470	6,115	1,606	1,799,747
Total Multi-Family	$	344,095	172,244	184,136	271,878	230,456	601,970	6,115	1,606	1,812,500

Construction
Special mention	$	—	—	—	—	—	—	—	—	—
Substandard	—		—	—	—	—	771	—	—	771
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	—		—	—	—	—	771	—	—	771
Pass/Watch	41,209		342,890	185,034	68,603	1,339	13,400	—	—	652,475
Total Construction	$	41,209	342,890	185,034	68,603	1,339	14,171	—	—	653,246

Residential (1)
Special mention	$	—	—	—	—	—	1,208	—	—	1,208
Substandard	—		—	—	—	—	1,285	—	—	1,285
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	—		—	—	—	—	2,493	—	—	2,493
Pass/Watch	96,259		141,683	200,111	195,964	89,654	438,792	—	—	1,162,463
Total Residential	$	96,259	141,683	200,111	195,964	89,654	441,285	—	—	1,164,956

Total Mortgage


	Gross Loans Held for Investment by Year of Origination as of December 31, 2023
	2023		2022	2021	2020	2019	Prior to 2019	Revolving Loans	Revolving loans to term loans	Total Loans
Special mention	$	—	10,926	3,048	28,511	10,558	35,306	4,500	—	92,849
Substandard	3,735		—	—	—	—	11,655	434	—	15,824
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	3,735		10,926	3,048	28,511	10,558	46,961	4,934	—	108,673
Pass/Watch	1,107,019		1,539,966	1,246,745	1,006,702	792,420	2,210,867	96,875	33,846	8,034,440
Total Mortgage	$	1,110,754	1,550,892	1,249,793	1,035,213	802,978	2,257,828	101,809	33,846	8,143,113

Commercial
Special mention	$	450	17,008	9,338	2,409	152	22,752	23,333	687	76,129
Substandard	686		—	20,262	9,235	2,034	11,313	10,736	508	54,774
Doubtful	7,011		—	—	—	—	—	—	—	7,011
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	8,147		17,008	29,600	11,644	2,186	34,065	34,069	1,195	137,914
Pass/Watch	358,578		316,015	318,416	131,647	143,677	491,406	471,962	71,006	2,302,707
Total Commercial	$	366,725	333,023	348,016	143,291	145,863	525,471	506,031	72,201	2,440,621

Consumer (1)
Special mention	$	—	—	—	—	—	97	178	—	275
Substandard	—		—	—	—	9	146	389	90	634
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	—		—	—	—	9	243	567	90	909
Pass/Watch	29,083		26,098	18,101	3,459	14,375	85,383	108,431	13,325	298,255
Total Consumer	$	29,083	26,098	18,101	3,459	14,384	85,626	108,998	13,415	299,164

Total Loans
Special mention	$	450	27,934	12,386	30,920	10,710	58,155	28,011	687	169,253
Substandard	4,421		—	20,262	9,235	2,043	23,114	11,559	598	71,232
Doubtful	7,011		—	—	—	—	—	—	—	7,011
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	11,882		27,934	32,648	40,155	12,753	81,269	39,570	1,285	247,496
Pass/Watch	1,494,680		1,882,079	1,583,262	1,141,808	950,472	2,787,656	677,268	118,177	10,635,402
Total Loans	$	1,506,562	1,910,013	1,615,910	1,181,963	963,225	2,868,925	716,838	119,462	10,882,898

(1) For residential and consumer loans, the Company assigns internal credit grades based on the delinquency status of each loan.

Banking Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of Banking Premises and Equipment

A summary of banking premises and equipment as of December 31, 2024 and 2023 is as follows (in thousands):


	2024		2023
Land	$	27,627	13,394
Banking premises	128,931		72,905
Furniture, fixtures and equipment	80,269		56,082
Leasehold improvements	59,084		45,154
Construction in progress	4,870		5,331
Total banking premises and equipment	300,781		192,866
Less accumulated depreciation and amortization	181,159		121,868
Net banking premises and equipment	$	119,622	70,998

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Other Intangible Assets

Goodwill and other intangible assets as of December 31, 2024 and 2023 are summarized as follows (in thousands):


	2024		2023
Goodwill	$	624,069	443,623
Core deposit premiums	184,238		1,901
Customer relationship and other intangibles	9,819		11,867

Mortgage servicing rights	1,104		551
Total goodwill and other intangible assets	$	819,230	457,942

Schedule of Amortization Expense of Intangible Assets

Amortization expense of intangible assets for the years ended December 31, 2024, 2023 and 2022 is as follows (in thousands):


	2024		2023	2022
Core deposit premiums	$	26,827	544	730

Customer relationship and other intangibles	2,047		2,335	2,488
Mortgage servicing rights	57		73	74
Total amortization expense of intangible assets	$	28,931	2,952	3,292

Scheduled Amortization of Core Deposit Intangibles

Scheduled amortization of core deposit premiums and customer relationship intangibles for each of the next five years is as follows (in thousands):


Year ended December 31,	Scheduled Amortization
2025	$	37,140
2026	33,283
2027	29,543
2028	25,817
2029	21,148

Deposits (Tables)

12 Months Ended

Dec. 31, 2024

Other Liabilities [Abstract]

Schedule of Deposits

Deposits as of December 31, 2024 and 2023 are summarized as follows (in thousands):


	2024		Weighted average interest rate		2023		Weighted average interest rate
Savings deposits	$	1,679,667	0.22	%	$	1,175,683	0.21	%
Money market accounts	3,364,564		2.67		2,325,364		2.67
NOW accounts (1)	6,622,642		2.64		3,492,184		2.77
Non-interest bearing deposits	3,788,785		—		2,203,341		—
Certificates of deposit (2)	3,168,155		4.10		1,095,942		3.85
Total deposits	$	18,623,813			$	10,292,514

(1) The Bank's insured cash sweep product totaled $1.16 billion and $520.2 million as of December 31, 2024 and December 31, 2023, respectively, and are reported within NOW accounts.

(2)Time deposits equal to or in excess of $250,000 were $789.0 million and $218.5 million as of December 31, 2024 and December 31, 2023, respectively. Additionally, the Bank's reciprocal Certificate of Deposit Account Registry Service product totaled $3.5 million and $3.3 million as of December 31, 2024 and December 31, 2023, respectively.

Schedule of Maturities of Certificates of Deposit

Scheduled maturities of certificates of deposit accounts as of December 31, 2024 and 2023 are as follows (in thousands):


	2024		2023
Within one year	$	3,045,860	1,020,285
One to three years	110,684		63,866
Three to five years	11,608		11,773
Five years and thereafter	3		18
	$	3,168,155	1,095,942

Schedule of Interest Expense on Deposits

Interest expense on deposits for the years ended December 31, 2024, 2023 and 2022 is summarized as follows (in thousands):


	Years ended December 31,
	2024		2023	2022
Savings deposits	$	3,443	2,184	1,276
NOW and money market accounts	245,874		125,471	32,048
Certificates of deposits	100,206		31,804	5,380
	$	349,523	159,459	38,704

Borrowed Funds (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Borrowed Funds

Borrowed funds as of December 31, 2024 and 2023 are summarized as follows (in thousands):


	2024		2023
Securities sold under repurchase agreements	$	113,224	72,161
FHLBNY line of credit	385,000		148,000
FHLBNY advances	1,518,497		1,299,836
FRBNY BTFP borrowing	—		450,000
Purchase accounting adjustment ("PAA") on borrowed funds	3,714		36
Total borrowed funds	$	2,020,435	1,970,033

Schedule of Maturities of FHLB Advances, FRBNY BTFP Borrowings and Lines of Credit

Scheduled maturities of FHLBNY advances, FRBNY BTFP borrowings and lines of credit, including purchase accounting adjustments resulting from the Lakeland acquisition as of December 31, 2024 are as follows (in thousands):


	2024
Due in one year or less	$	1,268,262
Due after one year through two years	160,235
Due after two years through three years	475,000
Due after three years through four years	—
Due after four years through five years	—
Thereafter	—
Purchase accounting adjustment on borrowed funds	3,714
Total FHLBNY advances, FRBNY BTFP borrowings and overnight borrowings	$	1,907,211

Schedule of Maturities of Securities Sold Under Repurchase Agreements

Scheduled maturities of securities sold under repurchase agreements as of December 31, 2024 are as follows (in thousands):


	2024
Due in one year or less	$	113,224




Thereafter	—
Total securities sold under repurchase agreements	$	113,224

Schedule of Debt Disclosure by Year

The following tables set forth certain information as to borrowed funds for the years ended December 31, 2024 and 2023 (in thousands):


	Maximum balance		Average balance	Weighted average interest rate
2024
Securities sold under repurchase agreements	$	117,323	102,043	2.03	%
FHLBNY overnight borrowings	567,000		115,902	5.45
FHLBNY advances	1,518,497		1,290,836	3.41
FRBNY BTFP Borrowing	550,000		472,077	4.78
2023
Securities sold under repurchase agreements	$	99,669	87,227	1.69	%
FHLBNY overnight borrowings	500,000		262,289	5.29
FHLBNY advances	1,592,277		1,282,124	3.14
FRBNY BTFP Borrowing	450,000		4,932	4.83

Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2024

Retirement Benefits [Abstract]

Schedule of Pension Plan and Post-Retirement Healthcare and Life Insurance Plans

The following table sets forth information regarding the pension plan and post-retirement healthcare and life insurance plans (in thousands):


	Pension				Post-retirement
	2024		2023	2022	2024	2023	2022
Change in benefit obligation:
Benefit obligation at beginning of year	$	24,423	24,550	32,517	11,344	12,095	16,748
Service cost	—		—	—	11	13	28
Interest cost	1,154		1,208	855	540	600	443
Actuarial (gain) loss	(65)		(149)	(48)	(10)	(357)	140
Benefits paid	(1,639)		(1,648)	(1,658)	(681)	(658)	(933)
Change in actuarial assumptions	(1,275)		462	(7,116)	(111)	(349)	(4,331)
Benefit obligation at end of year	$	22,598	24,423	24,550	11,093	11,344	12,095
Change in plan assets:
Fair value of plan assets at beginning of year	$	52,734	47,930	58,451	—	—	—
Actual (loss) return on plan assets	4,775		6,452	(8,863)	—	—	—
Employer contributions	—		—	—	681	658	933
Benefits paid	(1,639)		(1,648)	(1,658)	(681)	(658)	(933)
Fair value of plan assets at end of year	55,870		52,734	47,930	—	—	—
Funded status at end of year	$	33,272	28,311	23,380	(11,093)	(11,344)	(12,095)

Schedule of Components of Accumulated Other Comprehensive Loss (Income) related to Pension Plan and Other Post-retirement Benefits

The components of accumulated other comprehensive loss (income) related to the pension plan and other post-retirement benefits, on a pre-tax basis, as of December 31, 2024 and 2023 are summarized in the following table (in thousands):


	Pension			Post-retirement
	2024		2023	2024	2023
Unrecognized prior service cost	$	—	—	—	—
Unrecognized net actuarial loss (income)	2,573		5,633	(8,381)	(10,378)
Total accumulated other comprehensive loss (income)	$	2,573	5,633	(8,381)	(10,378)

Schedule of Net Periodic (Benefit) Increase Cost

Net periodic (benefit) increase cost for the years ending December 31, 2024, 2023 and 2022, included the following components (in thousands):


	Pension				Post-retirement
	2024		2023	2022	2024	2023	2022
Service cost	$	—	—	—	11	13	28
Interest cost	1,154		1,208	855	540	600	443
Return on plan assets	(3,112)		(2,824)	(3,456)	—	—	—
Amortization of:
Net loss (gain)	57		709	—	(2,118)	(2,130)	(1,304)

Unrecognized prior service cost	—		—	—	—	—	—

Net periodic (benefit) increase cost	$	(1,901)	(907)	(2,601)	(1,567)	(1,517)	(833)

Schedule of Weighted Average Actuarial Assumptions Used

The weighted average actuarial assumptions used in the plan determinations as of December 31, 2024, 2023 and 2022 were as follows:


	Pension						Post-retirement
	2024		2023		2022		2024		2023		2022
Discount rate	5.50	%	4.90	%	5.10	%	5.50	%	4.90	%	5.10	%
Rate of compensation increase	—		—		—		—		—		—
Expected return on plan assets	6.00		6.00		6.00		—		—		—
Medical and life insurance benefits cost rate of increase	—		—		—		5.00		5.50		6.00

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rate

A 1% change in the assumed health care cost trend rate would have had the following effects on post-retirement benefits as of December 31, 2024 (in thousands):


	1% increase		1% decrease
Effect on total service cost and interest cost	$	60	(55)
Effect on post-retirement benefits obligation	$	1,100	(950)

Schedule of Estimated Future Benefit Payments

Estimated future benefit payments, which reflect expected future service, as appropriate for the next five years, are as follows (in thousands):


	Pension		Post-retirement
2025	$	1,759	751
2026	1,769		756
2027	1,786		777
2028	1,791		785
2029	1,803		800

Schedule of Weighted-Average Asset Allocation of Pension Plan Assets

The weighted-average asset allocation of pension plan assets as of December 31, 2024 and 2023 were as follows:


Asset Category	2024		2023
Domestic equities	37	%	38	%
Foreign equities	11	%	11	%
Fixed income	50	%	49	%
Real estate	2	%	2	%
Cash	—	%	—	%
Total	100	%	100	%

Schedule of Target Allocation of Assets and Acceptable Ranges

The target allocation of assets and acceptable ranges around the targets are as follows:


Asset Category	Target		Allowable Range
Domestic equities	37	%	30-41%
Foreign equities	11	%	5-13%
Fixed income	50	%	40-65%
Real estate	2	%	0-4%
Cash	—	%	0%
Total	100	%

Schedule of Assets Measured at Fair Value on Recurring Basis

The following tables present the assets that are measured at fair value on a recurring basis by level within the GAAP fair value hierarchy as reported on the statements of net assets available for Plan benefits as of December 31, 2024 and 2023, respectively (in thousands):

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 as of December 31, 2024
	Total		(Level 1)	(Level 2)	(Level 3)
Group annuity contracts	$	73	—	73	—
Mutual funds:
Fixed income	27,740		27,740	—	—
International equity	6,042		6,042	—	—
Large U.S. equity	1,654		1,654	—	—
Small/Mid U.S. equity	1,127		1,127	—	—
Total mutual funds	36,563		36,563	—	—

Pooled separate accounts	19,234		—	19,234	—

Total Plan assets	$	55,870	36,563	19,307	—


	Fair value measurements as of December 31, 2023
	Total		(Level 1)	(Level 2)	(Level 3)
Group annuity contracts	$	76	—	76	—
Mutual funds:
Fixed income	25,728		25,728	—	—
International equity	5,713		5,713	—	—
Large U.S. equity	1,577		1,577	—	—
Small/Mid U.S. equity	1,114		1,114	—	—
Total mutual funds	34,132		34,132	—	—




Pooled separate accounts	18,526		—	18,526	—
Total Plan assets	$	52,734	34,132	18,602	—

Schedule of Status of Unvested Stock Awards

A summary status of the granted but unvested stock awards as of December 31, and changes during the year, is presented below:


	Restricted Stock Awards
	2024	2023	2022
Outstanding at beginning of year	1,053,092	1,023,130	900,483
Granted	901,360	427,053	447,526
Forfeited	(428,307)	(328,761)	(105,556)
Vested	(63,307)	(68,330)	(219,323)
Outstanding at the end of year	1,462,838	1,053,092	1,023,130

Schedule of Status of Unexercised Stock Options

A summary of the status of the granted but unexercised stock options as of December 31, 2024, 2023 and 2022, and changes during the year is presented below:


	2024			2023			2022
	Number of stock options	Weighted average exercise price		Number of stock options	Weighted average exercise price		Number of stock options	Weighted average exercise price
Outstanding at beginning of year	548,925	$	19.37	600,806	$	19.01	566,453	$	18.73
Granted	—	—		—	—		34,353	23.70
Exercised	—	—		(51,881)	15.23		—	—
Forfeited	—	—		—	—		—	—
Expired	(80,762)	16.38		—	—		—	—
Outstanding at the end of year	468,163	$	19.89	548,925	$	19.37	600,806	$	19.01

Schedule of Stock Options Outstanding

The following table summarizes information about stock options outstanding as of December 31, 2024:


	Options Outstanding				Options Exercisable
Range of exercise prices	Number of options outstanding	Average remaining contractual life	Weighted average exercise price		Number of options exercisable	Weighted average exercise price
$18.34-18.70	142,299	1.1	$	18.53	142,299	$	18.53
$20.62-27.25	325,864	4.8	$	23.20	314,413	$	23.19

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Current and Deferred Amounts of Income Tax Expense (Benefit)

The current and deferred amounts of income tax expense (benefit) for the years ended December 31, 2024, 2023 and 2022 are as follows (in thousands):


	Years ended December 31,
	2024		2023	2022
Current:
Federal	$	30,510	31,972	41,379
State	15,851		12,684	20,859
Total current income tax expense	46,361		44,656	62,238
Deferred:
Federal	(1,406)		905	1,825
State	(10,865)		1,820	395
Total deferred income tax expense	(12,271)		2,725	2,220
Total income tax expense	$	34,090	47,381	64,458

Schedule of Reconciliation between Amount Reported and Amount Computed for Income Tax Expense and Income Tax Rate

A reconciliation between the amount of reported total income tax expense and the amount computed by multiplying the applicable statutory income tax rate is as follows (in thousands):


	Years ended December 31,
	2024		2023	2022
Tax expense at statutory rates	$	31,419	36,932	50,422
Increase (decrease) in taxes resulting from:
State tax, net of federal income tax benefit	11,027		11,313	16,791
Rate Change	(7,008)		—	—
Tax-exempt interest income	(2,861)		(2,514)	(2,590)
Bank-owned life insurance	(2,459)		(1,361)	(1,257)


Other, net	3,972		3,011	1,092
Total income tax expense	$	34,090	47,381	64,458

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31, 2024 and 2023 are as follows (in thousands):


	2024		2023
Deferred tax assets:
Allowance for credit losses on loans	$	54,931	28,404
Allowance for credit loss on off-balance sheet ("OBS") credit exposure	1,998		924
Post-retirement benefit	5,485		5,758
Deferred compensation	2,926		384



Purchase accounting adjustments	105,950		—
Depreciation	4,836		1,126
SERP	1,991		1,137
ESOP	—		402
Stock-based compensation	3,694		2,963

Non-accrual interest	807		172


State Net Operating Loss ("NOL")	2,268		—
Federal NOL	1,389		160
Unrealized losses on available for sale debt securities	66,646		57,198


Lease liability	18,489		15,914
Other	4,666		112
Total gross deferred tax assets	276,076		114,654

Deferred tax liabilities:

Pension expense	10,161		8,997
Contingent consideration	436		283
Deferred loan costs	17,668		11,376
Investment securities, principally due to accretion of discounts	71		66
Purchase accounting adjustments	—		371
Intangibles	2,151		1,620

Originated mortgage servicing rights	129		147

Pension liability adjustments	2,546		1,459
Net unrealized gain on hedging activities	1,641		3,674
Lease right-of-use asset	17,648		15,084

Total gross deferred tax liabilities	52,451		43,077
Net deferred tax asset	$	223,625	71,577

Regulatory Capital Requirements (Tables)

12 Months Ended

Dec. 31, 2024

Regulatory Assets and Liabilities Disclosure [Abstract]

Schedule of Actual Capital Amounts and Ratios

The following table shows the Company’s actual capital amounts and ratios as of December 31, 2024 and 2023, compared to the FRB minimum capital adequacy requirements and the FRB requirements for classification as a well-capitalized institution (dollars in thousands).


	Actual capital				FRB minimum capital adequacy requirements				FRB minimum capital adequacy requirements with capital conservation buffer				To be well-capitalized under prompt corrective action provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
As of December 31, 2024
Tier 1 leverage capital	$	1,984,052	8.50	%	$	933,491	4.00	%	$	933,491	4.00	%	$	1,166,864	5.00	%
Common equity Tier 1 risk-based capital	1,984,052		9.98		894,957		4.50		1,392,156		7.00		1,292,716		6.50
Tier 1 risk-based capital	1,984,052		9.98		1,193,276		6.00		1,690,475		8.50		1,591,035		8.00
Total risk-based capital	2,614,625		13.15		1,591,035		8.00		2,088,233		10.50		1,988,794		10.00


	Actual capital				FRB minimum capital adequacy requirements				FRB minimum capital adequacy requirements with capital conservation buffer				To be well-capitalized under prompt corrective action provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
As of December 31, 2023
Tier 1 leverage capital	$	1,396,512	10.22	%	$	546,662	4.00	%	$	546,662	4.00	%	$	683,327	5.00	%
Common equity Tier 1 risk-based capital	1,383,625		11.45		543,720		4.50		845,786		7.00		785,373		6.50
Tier 1 risk-based capital	1,396,512		11.56		724,959		6.00		1,027,026		8.50		966,612		8.00
Total risk-based capital	1,496,545		12.39		966,612		8.00		1,268,679		10.50		1,208,266		10.00

Schedule of FDIC Minimum Capital Adequacy Requirements

The following table shows the Bank’s actual capital amounts and ratios as of December 31, 2024 and 2023, compared to the FDIC minimum capital adequacy requirements and the FDIC requirements for classification as a well-capitalized institution (dollars in thousands).


	Actual capital				FDIC minimum capital adequacy requirements				FDIC minimum capital adequacy requirements with capital conservation buffer				To be well-capitalized under prompt corrective action provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
As of December 31, 2024
Tier 1 leverage capital	$	2,265,907	9.72	%	$	932,593	4.00	%	$	932,593	4.00	%	$	1,165,742	5.00	%
Common equity Tier 1 risk-based capital	2,265,907		11.42		892,544		4.50		1,388,402		7.00		1,289,231		6.50
Tier 1 risk-based capital	2,265,907		11.42		1,190,059		6.00		1,685,917		8.50		1,586,745		8.00
Total risk-based capital	2,458,799		12.40		1,586,745		8.00		2,082,603		10.50		1,983,432		10.00


	Actual capital				FDIC minimum capital adequacy requirements				FRB minimum capital adequacy requirements with capital conservation buffer				To be well-capitalized under prompt corrective action provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
As of December 31, 2023
Tier 1 leverage capital	$	1,343,223	9.84	%	$	546,168	4.00	%	$	546,168	4.00	%	$	682,709	5.00	%
Common equity Tier 1 risk-based capital	1,343,223		11.12		543,465		4.50		845,390		7.00		785,005		6.50
Tier 1 risk-based capital	1,343,223		11.12		724,620		6.00		1,026,545		8.50		966,160		8.00
Total risk-based capital	1,443,256		11.95		966,160		8.00		1,268,085		10.50		1,207,700		10.00

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Reported on Consolidated Statements of Financial Condition at Fair Values

The following tables present the assets and liabilities reported on the consolidated statements of financial condition at their fair value as of December 31, 2024 and 2023, by level within the fair value hierarchy (in thousands):


			Fair Value Measurements at Reporting Date Using:
	December 31, 2024		Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Measured on a recurring basis:
Available for sale debt securities:
U.S. Treasury obligations	$	330,598	330,598	—	—
Government-agency obligations	107,235		—	107,235	—
Mortgage-backed securities	2,062,159		—	2,062,159	—
Asset-backed securities	47,563		—	47,563	—
State and municipal obligations	116,917		—	116,917	—
Corporate obligations	104,443		—	104,443	—
Total available for sale debt securities	$	2,768,915	330,598	2,438,317	—
Equity Securities	19,110		19,110	—	—
Derivative assets	188,940		—	188,940	—
	$	2,976,965	349,708	2,627,257	—

Derivative liabilities	$	172,601	—	172,601	—

Measured on a non-recurring basis:
Loans measured for impairment based on the fair value of the underlying collateral	$	11,023	—	—	11,023
Foreclosed assets	9,473		—	—	9,473
	$	20,496	—	—	20,496


			Fair Value Measurements at Reporting Date Using:
	December 31, 2023		Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Measured on a recurring basis:
Available for sale debt securities:
U.S. Treasury obligations	$	253,878	253,878	—	—
Agency obligations	27,498		—	27,498	—
Mortgage-backed securities	1,285,609		—	1,285,609	—
Asset-backed securities	32,235		—	32,235	—
State and municipal obligations	56,584		—	56,584	—
Corporate obligations	34,308		—	34,308	—
Total available for sale debt securities	$	1,690,112	253,878	1,436,234	—
Equity Securities	1,270		1,270	—	—
Derivative assets	101,754		—	101,754	—
	$	1,793,136	255,148	1,537,988	—

Derivative liabilities	$	88,835	—	88,835	—

Measured on a non-recurring basis:
Loans measured for impairment based on the fair value of the underlying collateral	$	24,139	—	—	24,139
Foreclosed assets	11,651		—	—	11,651
	$	35,790	—	—	35,790

Schedule of Financial Instruments at Carrying and Fair Values

The following tables present the Company’s financial instruments at their carrying and fair values as of December 31, 2024 and December 31, 2023. Fair values are presented by level within the fair value hierarchy:


			Fair Value Measurements as of December 31, 2024 Using:
(Dollars in thousands)	Carrying value		Fair value	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Financial assets:
Cash and cash equivalents	$	205,939	205,939	205,939	—	—
Available for sale debt securities:
U.S. Treasury obligations	330,598		330,598	330,598	—	—
Government-agency obligations	107,235		107,235	—	107,235	—
Mortgage-backed securities	2,062,159		2,062,159	—	2,062,159	—
Asset-backed securities	47,563		47,563	—	47,563	—
State and municipal obligations	116,917		116,917	—	116,917	—
Corporate obligations	104,443		104,443	—	104,443	—
Total available for sale debt securities	$	2,768,915	2,768,915	330,598	2,438,317	—
Held to maturity debt securities, net of allowance for credit losses:

Government-agency obligations	$	9,999	9,707	—	9,707	—

State and municipal obligations	311,106		297,674	—	297,674	—
Corporate obligations	6,518		6,352	—	6,352	—
Total held to maturity debt securities, net of allowance for credit losses	$	327,623	313,733	—	313,733	—
FHLBNY and other stock	112,767		112,767	112,767	—	—
Equity Securities	19,110		19,110	19,110	—	—
Loans, net of allowance for credit losses	18,628,391		18,442,167	—	—	18,442,167
Derivative assets	188,940		188,940	—	188,940	—

Financial liabilities:
Deposits other than certificates of deposits	$	15,455,658	15,455,658	15,455,658	—	—
Certificates of deposit	3,168,155		3,168,216	—	3,168,216	—
Total deposits	$	18,623,813	18,623,874	15,455,658	3,168,216	—
Borrowings	2,020,435		2,017,013	—	2,017,013	—
Subordinated Debentures	401,608		423,675	—	423,675	—
Derivative liabilities	172,601		172,601	—	172,601	—


			Fair Value Measurements as of December 31, 2023 Using:
(Dollars in thousands)	Carrying value		Fair value	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Financial assets:
Cash and cash equivalents	$	180,255	180,255	180,255	—	—
Available for sale debt securities:
U.S. Treasury obligations	253,878		253,878	253,878	—	—
Government-agency obligations	27,498		27,498	—	27,498	—
Mortgage-backed securities	1,285,609		1,285,609	—	1,285,609	—
Asset-backed securities	32,235		32,235	—	32,235	—
State and municipal obligations	56,584		56,584	—	56,584	—
Corporate obligations	34,308		34,308	—	34,308	—
Total available for sale debt securities	$	1,690,112	1,690,112	253,878	1,436,234	—
Held to maturity debt securities:
US Treasury obligations	$	5,146	5,146	5,146	—	—
Government-agency obligations	11,058		10,406	10,406	—	—

State and municipal obligations	339,789		330,360	—	330,360	—
Corporate obligations	7,087		6,688	—	6,688	—
Total held to maturity debt securities, net of allowance for credit losses	$	363,080	352,600	15,552	337,048	—
FHLBNY stock	79,217		79,217	79,217	—	—
Equity Securities	1,270		1,270	1,270	—	—
Loans, net of allowance for credit losses	10,766,501		10,437,204	—	—	10,437,204
Derivative assets	101,754		101,754	—	101,754	—

Financial liabilities:
Deposits other than certificates of deposits	$	9,196,572	9,196,572	9,196,572	—	—
Certificates of deposit	1,095,942		1,093,125	—	1,093,125	—
Total deposits	$	10,292,514	10,289,697	9,196,572	1,093,125	—
Borrowings	1,970,033		1,960,174	—	1,960,174	—
Subordinated Debentures	10,695		9,198	—	9,198	—
Derivative liabilities	88,835		88,835	—	88,835	—

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share

The following is a reconciliation of the outstanding shares used in the basic and diluted earnings per share calculations.


	For the Year Ended December 31,
	2024		2023	2022
	(In thousands, except per share data)
Net income	$	115,525	128,398	175,648
Basic weighted average common shares outstanding	109,668,911		74,844,489	74,700,623
Plus:
Dilutive shares	43,821		28,767	81,747
Diluted weighted average common shares outstanding	109,712,732		74,873,256	74,782,370
Earnings per share:
Basic	$	1.05	1.72	2.35
Diluted	$	1.05	1.71	2.35

Parent-only Financial Information (Tables)

12 Months Ended

Dec. 31, 2024

Condensed Financial Information Disclosure [Abstract]

Schedule of Condensed Statements of Financial Condition

The condensed financial statements of Provident Financial Services, Inc. (parent company only) are presented below:

Condensed Statements of Financial Condition

(Dollars in Thousands)


	December 31, 2024		December 31, 2023
Assets
Cash and due from banks	$	47,677	7,948
Available for sale debt securities, at fair value	1,241		1,084
Investment in subsidiary	2,883,062		1,652,767
Due from subsidiary—SAP	61,836		28,677
ESOP loan	—		6,411
Other assets	13,382		4,571
Total assets	$	3,007,198	1,701,458
Liabilities and Stockholders’ Equity

Other liabilities	4,383		167
Subordinated Debentures	401,608		10,695
Total stockholders’ equity	2,601,207		1,690,596
Total liabilities and stockholders’ equity	$	3,007,198	1,701,458

Schedule of Condensed Statements of Operations

Condensed Statements of Operations

(Dollars in Thousands)


	For the Years Ended December 31,
	2024		2023	2022
Dividends from subsidiary	$	105,406	61,213	109,013
Interest income	324		529	785
Investment gain	157		169	178
Total income	105,887		61,911	109,976
Interest expense on subordinated debentures	22,478		1,051	615
Non-interest expense	2,156		2,200	1,451
Total expense	24,634		3,251	2,066
Income before income tax expense	81,253		58,660	107,910
Income tax expense	—		247	—
Income before undistributed net income of subsidiary	81,253		58,413	107,910
Earnings in excess of dividends (equity in undistributed net income) of subsidiary	34,272		69,985	67,738
Net income	$	115,525	128,398	175,648

Schedule of Condensed Statements of Cash Flows

Condensed Statements of Cash Flows

(Dollars in Thousands)


	For the Years Ended December 31,
	2024		2023	2022
Cash flows from operating activities:
Net income	$	115,525	128,398	175,648
Adjustments to reconcile net income to net cash provided by operating activities
Earnings in excess of dividends (equity in undistributed net income) of subsidiary	(34,272)		(69,985)	(67,738)
ESOP allocation	2,601		3,086	4,140
SAP allocation	9,517		7,569	9,407
Stock option allocation	77		144	198
(Increase) decrease in due from subsidiary—SAP	(33,159)		5,762	3,847
Increase (decrease) in other assets	30,364		(11,317)	(13,817)
Decrease (increase) in other liabilities	4,216		(45)	(142)
Net cash provided by (used in) operating activities	94,869		63,612	111,543
Cash flows from investing activities:

Cash received, net of cash consideration paid for acquisition	—		—	—
Net decrease in ESOP loan	6,411		6,817	6,387
Net cash provided by investing activities	6,411		6,817	6,387
Cash flows from financing activities:
Purchases of treasury stock	—		—	(46,530)
Purchase of employee restricted shares to fund statutory tax withholding	(1,323)		(1,678)	(1,021)
Cash dividends paid	(100,956)		(72,447)	(72,023)
Reclassification of stock award shares	40,728		—	—
Shares issued dividend reinvestment plan	—		—	—
Stock options exercised	—		790	—
Net cash used in financing activities	(61,551)		(73,335)	(119,574)
Net increase (decrease) in cash and cash equivalents	39,729		(2,906)	(1,644)
Cash and cash equivalents at beginning of period	7,948		10,854	12,498
Cash and cash equivalents at end of period	$	47,677	7,948	10,854

Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Schedule of Components of Other Comprehensive (Loss) Income

The following table presents the components of other comprehensive (loss) income both gross and net of tax, for the years ended December 31, 2024, 2023 and 2022 (in thousands):


	For the Years Ended December 31,
	2024				2023			2022
	Before Tax		Tax Effect	After Tax	Before Tax	Tax Effect	After Tax	Before Tax	Tax Effect	After Tax
Components of Other Comprehensive Income ( Loss):
Unrealized losses on available for sale debt securities:
Net (losses) gains arising during the period	$	11,216	(3,375)	7,841	43,250	(11,125)	32,125	(254,591)	68,230	(186,361)
Reclassification adjustment for gains included in net income	2,986		(899)	2,087	—	—	—	(58)	16	(42)
Total	14,202		(4,274)	9,928	43,250	(11,125)	32,125	(254,649)	68,246	(186,403)




Unrealized gains (losses) on derivatives designated as cash flow hedges:
Net (losses) gains arising during the period	4,547		(1,368)	3,179	3,288	(900)	2,388	26,231	(7,030)	19,201
Reclassification adjustment for gains included in net income	(13,670)		4,113	(9,557)	(17,713)	4,765	(12,948)	(4,504)	1,207	(3,297)
Total	(9,123)		2,745	(6,378)	(14,425)	3,865	(10,560)	21,727	(5,823)	15,904
Amortization related to post-retirement obligations	3,162		(952)	2,210	3,249	(884)	2,365	(1,926)	517	(1,409)
Total other comprehensive (loss) income	$	8,241	(2,481)	5,760	32,074	(8,144)	23,930	(234,848)	62,940	(171,908)

Schedule of Changes in Accumulated Other Comprehensive (Loss) Income, Net of Tax

The following table presents the changes in the components of accumulated other comprehensive (loss) income, net of tax, for the years ended December 31, 2024 and 2023 (in thousands):


	Changes in Accumulated Other Comprehensive Income by Component, net of tax For the Years Ended December 31,
	2024					2023
	Unrealized Losses on Available for Sale Debt Securities		Post-Retirement Obligations	Unrealized Gains on Derivatives (cash flow hedges)	Accumulated Other Comprehensive Income (Loss)	Unrealized Gains (Losses) on Available for Sale Debt Securities	Post-Retirement Obligations	Unrealized Gains (Losses) on Derivatives (cash flow hedges)	Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of the period	$	(154,489)	3,937	9,437	(141,115)	(186,614)	1,572	19,997	(165,045)
Current period change in other comprehensive (loss) income	9,928		2,210	(6,378)	5,760	32,125	2,365	(10,560)	23,930


Balance at the end of the period	$	(144,561)	6,147	3,059	(135,355)	(154,489)	3,937	9,437	(141,115)

Schedule of Reclassification Out of Accumulated Other Comprehensive (Loss) Income

The following table summarizes the reclassifications out of accumulated other comprehensive (loss) income for the years ended December 31, 2024, 2023 and 2022 (in thousands):


	Reclassifications Out of Accumulated Other Comprehensive Income (Loss)
	Amount reclassified from AOCI for the years ended December 31,				Affected line item in the Consolidated Statement of Income
	2024		2023	2022
Details of AOCI:
Available for sale debt securities:
Realized net gains on the sale of securities available for sale	$	(2,986)	—	(58)	Net gain on securities transactions
	899		—	16	Income tax expense
	(2,087)		—	(42)	Net of tax

Cash flow hedges:
Unrealized gains (losses) on derivatives designated as cash flow hedges	(13,670)		(17,713)	(4,504)	Interest expense
	4,113		4,765	1,207	Income tax expense
	(9,557)		(12,948)	(3,297)





Post-retirement obligations:
Amortization of actuarial (gains) losses	(2,061)		(1,421)	(1,304)	Compensation and employee benefits (1)
	620		384	349	Income tax expense
	(1,441)		(1037)	(955)	Net of tax




Total reclassifications	$	(13,085)	(13,985)	(4,293)	Net of tax

(1) This item is included in the computation of net periodic benefit cost. See Note 11. Benefit Plans

Derivative and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Offsetting Assets

The tables below present a gross presentation, the effects of offsetting, and a net presentation of the Company’s financial instruments that are eligible for offset in the Consolidated Statements of Condition as of December 31, 2024 and December 31, 2023 (in thousands).


	Fair Values of Derivative Instruments as of December 31, 2024
	Asset Derivatives					Liability Derivatives
	Notional Amount		Consolidated Statements of Financial Condition	Fair value (1)		Notional Amount		Consolidated Statements of Financial Condition	Fair value (1)
Derivatives not designated as a hedging instrument:
Interest rate products	$	2,272,162	Other assets	$	174,196	$	2,272,162	Other liabilities	$	174,344
Credit contracts	11,662		Other assets	—		67,560		Other liabilities	—
Total derivatives not designated as a hedging instrument				174,196					174,344

Derivatives designated as a hedging instrument:
Interest rate products	225,000		Other assets	5,136		75,000		Other liabilities	204

Total gross derivative amounts recognized on the balance sheet				179,332					174,548

Gross amounts offset on the balance sheet				—					—
Net derivative amounts presented on the balance sheet				$	179,332				$	174,548

Gross amounts not offset on the balance sheet:
Financial instruments - institutional counterparties				$	2,255				$	2,255
Cash collateral - institutional counterparties				174,904					—
Net derivatives not offset				$	2,173				$	172,293


	Fair Values of Derivative Instruments as of December 31, 2023
	Asset Derivatives					Liability Derivatives
	Notional Amount		Consolidated Statements of Financial Condition	Fair value (1)		Notional Amount		Consolidated Statements of Financial Condition	Fair value (1)
Derivatives not designated as a hedging instrument:
Interest rate products	$	1,152,200	Other assets	$	89,261	$	1,152,200	Other liabilities	$	89,461
Credit contracts	46,359		Other assets	17		96,462		Other liabilities	8
Total derivatives not designated as a hedging instrument				89,278					89,469

Derivatives designated as a hedging instrument:
Interest rate products	330,000		Other assets	15,886		125,000		Other liabilities	1,365

Total gross derivative amounts recognized on the balance sheet				105,164					90,834

Gross amounts offset on the balance sheet				—					—
Net derivative amounts presented on the balance sheet				$	105,164				$	90,834

Gross amounts not offset on the balance sheet:
Financial instruments - institutional counterparties				$	—				—
Cash collateral - institutional counterparties				101,328					—
Net derivatives not offset				$	3,836				$	90,834

(1) The fair values related to interest rate products in the above net derivative tables show the total value of assets and liabilities, which include accrued interest receivable and accrued interest payable for the periods ended December 31, 2024 and December 31, 2023.

Schedule of Offsetting Liabilities

The tables below present a gross presentation, the effects of offsetting, and a net presentation of the Company’s financial instruments that are eligible for offset in the Consolidated Statements of Condition as of December 31, 2024 and December 31, 2023 (in thousands).


	Fair Values of Derivative Instruments as of December 31, 2024
	Asset Derivatives					Liability Derivatives
	Notional Amount		Consolidated Statements of Financial Condition	Fair value (1)		Notional Amount		Consolidated Statements of Financial Condition	Fair value (1)
Derivatives not designated as a hedging instrument:
Interest rate products	$	2,272,162	Other assets	$	174,196	$	2,272,162	Other liabilities	$	174,344
Credit contracts	11,662		Other assets	—		67,560		Other liabilities	—
Total derivatives not designated as a hedging instrument				174,196					174,344

Derivatives designated as a hedging instrument:
Interest rate products	225,000		Other assets	5,136		75,000		Other liabilities	204

Total gross derivative amounts recognized on the balance sheet				179,332					174,548

Gross amounts offset on the balance sheet				—					—
Net derivative amounts presented on the balance sheet				$	179,332				$	174,548

Gross amounts not offset on the balance sheet:
Financial instruments - institutional counterparties				$	2,255				$	2,255
Cash collateral - institutional counterparties				174,904					—
Net derivatives not offset				$	2,173				$	172,293


	Fair Values of Derivative Instruments as of December 31, 2023
	Asset Derivatives					Liability Derivatives
	Notional Amount		Consolidated Statements of Financial Condition	Fair value (1)		Notional Amount		Consolidated Statements of Financial Condition	Fair value (1)
Derivatives not designated as a hedging instrument:
Interest rate products	$	1,152,200	Other assets	$	89,261	$	1,152,200	Other liabilities	$	89,461
Credit contracts	46,359		Other assets	17		96,462		Other liabilities	8
Total derivatives not designated as a hedging instrument				89,278					89,469

Derivatives designated as a hedging instrument:
Interest rate products	330,000		Other assets	15,886		125,000		Other liabilities	1,365

Total gross derivative amounts recognized on the balance sheet				105,164					90,834

Gross amounts offset on the balance sheet				—					—
Net derivative amounts presented on the balance sheet				$	105,164				$	90,834

Gross amounts not offset on the balance sheet:
Financial instruments - institutional counterparties				$	—				—
Cash collateral - institutional counterparties				101,328					—
Net derivatives not offset				$	3,836				$	90,834

(1) The fair values related to interest rate products in the above net derivative tables show the total value of assets and liabilities, which include accrued interest receivable and accrued interest payable for the periods ended December 31, 2024 and December 31, 2023.

Schedule of Derivative Instruments Gain (Loss)

The table below presents the effect of the Company’s derivative financial instruments on the Consolidated Statements of Income for the years ended December 31, 2024, 2023 and 2022 (in thousands).


		Gain recognized in Income on derivatives
		For the Year Ended December 31,
	Consolidated Statements of Income	2024		2023	2022
Derivatives not designated as hedging instruments:
Interest rate products	Other income	$	435	133	722
Credit contracts	Other income	30		(7)	(49)
Total derivatives not designated as hedging instruments		$	465	126	673

Derivatives designated as hedging instruments:		(Gain) Loss recognized in Expense on derivatives


Interest rate products	Interest (income) expense	$	(13,670)	(17,713)	(4,504)
Total derivatives designated as a hedging instruments		$	(13,670)	(17,713)	(4,504)

Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Non-Interest Income Segregated by Revenue

The following table presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the years ended December 31, 2024, 2023 and 2022:


	December 31,
(in-thousands)		2024		2023	2022
Non-interest income
In-scope of Topic 606:
Wealth management fees		$	30,533	27,669	27,870
Insurance agency income		16,201		13,934	11,440
Banking service charges and other fees:
Service charges on deposit accounts		16,903		12,959	12,553
Debit card and ATM fees		4,651		2,963	3,124
Total banking service charges and other fees		21,554		15,922	15,677
Total in-scope non-interest income		68,288		57,525	54,987
Total out-of-scope non-interest income		25,825		22,304	32,802
Total non-interest income		$	94,113	79,829	87,789

Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Supplemental Balance Sheet Information

The following table represents the consolidated statements of financial condition classification of the Company’s right-of use-assets and lease liabilities as of December 31, 2024 and December 31, 2023 (in thousands):


	Classification	December 31, 2024		December 31, 2023
Lease Right-of-Use Assets:
Operating lease right-of-use assets	Other assets	$	62,258	$	56,907
Lease Liabilities:
Operating lease liabilities	Other liabilities	$	65,226	$	60,039

Schedule of Supplemental Cash Flow and Other Information Related to Leases

The following table represents lease costs and other lease information for the Company's operating leases. The variable lease cost primarily represents variable payments such as common area maintenance and utilities (in thousands):


	Year ended December 31, 2024		Year ended December 31, 2023
Lease Costs
Operating lease cost	$	13,088	10,495

Variable lease cost	3,057		3,193

Total Lease Cost	$	16,145	13,688


Cash paid for amounts included in the measurement of lease liabilities (in thousands):	Year ended December 31, 2024		Year ended December 31, 2023

Operating cash flows from operating leases	$	12,818	9,904

Schedule of Future Minimum Payments

Future minimum payments for operating leases with initial or remaining terms of one year or more as of December 31, 2024 were as follows (in thousands):


	Operating Leases
Years ended:
2025	$	13,170
2026	11,715
2027	10,203
2028	8,742
2029	7,431
Thereafter	22,239
Total future minimum lease payments	73,500
Amounts representing interest	8,274
Present value of net future minimum lease payments	$	65,226

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table represents segment information for the years ended December 31, 2024, 2023 and 2022:


	Years ended December 31,
	2024		2023		2022
Interest income on loans	$	944,296	556,235		417,650
Interest income on cash and debt securities	101,842		59,585		48,531
Total interest income	1,046,138		615,820		466,181
Total interest expense	445,524		216,366		48,629
Net interest income	600,614		399,454		417,552

Provision for credit losses	87,564		28,168		5,004
Net interest income after provision	513,050		371,286		412,548

Non interest income:
Wealth management income	30,533		27,669		27,870
Insurance Agency Income	16,201		13,934		11,440
Other non-interest income (1)	47,379		38,226		48,479
Total non-interest income	94,113		79,829		87,789

Non interest expense:
Compensation and employee benefits	218,341		148,497		147,203
Net occupancy expense	45,014		32,271		34,566
Data processing expense	35,579		22,993		21,729
Other non interest expense (2)	158,614		71,575		56,733
Total non-interest expense	457,548		275,336		260,231

Income tax expense	34,090		47,381		64,458

Net income	$	115,525	$	128,398	$	175,648

(1) Other non-interest income items includes fees and commissions, BOLI and other miscellaneous income.

(2) Other non-interest expense items includes merger-related expenses, amortization of intangibles and other miscellaneous expenses.

Summary of Significant Accounting Policies (Details) $ in Thousands		12 Months Ended
	Dec. 31, 2002	Dec. 31, 2024 USD ($) shares	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Property, Plant and Equipment [Line Items]
Cash and cash equivalents maturity period (in days)		90 days
Provision charge for credit losses on loans		$ 83,604	$ 27,900	$ 8,400
Financing receivable, coverage ratio (as a percent)		0.0104
Allowance for credit losses		$ 193,432	$ 107,200	$ 88,023	$ 80,740
Sensitivity analysis of financing receivable, allowance for credit loss, impact of adverse change in assumption, amount		$ 16,000
Sensitivity analysis of financing receivable, allowance for credit loss, impact of adverse change in assumption (as a percent)		0.0112
Dividends paid on unallocated ESOP shares over period (in years)		30 years
Shares held by the DDFP (in shares) \| shares		0
Bank eliminated post-retirement healthcare benefits for employees with less than (in years)	10 years
401(k) Plan
Property, Plant and Equipment [Line Items]
Percentage of matching contribution (as a percent)		25.00%	25.00%	25.00%
Percentage of participants matched contribution (as a percent)		6.00%
Depositor Relationships
Property, Plant and Equipment [Line Items]
Amortized accelerated basis period (in years)		8 years 9 months 18 days
Estimated useful life of core deposits (in years)		10 years
Lakeland Bancorp, Inc. - Merger Agreement
Property, Plant and Equipment [Line Items]
Allowance for credit losses		$ 60,100
Beacon Trust \| Customer Relationships
Property, Plant and Equipment [Line Items]
Amortized accelerated basis period (in years)		12 years
The MDE Group, Inc. \| Customer Relationships
Property, Plant and Equipment [Line Items]
Amortized accelerated basis period (in years)		10 years 4 months 24 days
Tirschwell & Loewy, Inc. \| Customer Relationships
Property, Plant and Equipment [Line Items]
Amortized accelerated basis period (in years)		10 years
SB One Bank \| Customer Relationships
Property, Plant and Equipment [Line Items]
Amortized accelerated basis period (in years)		13 years

Business Combinations - Narrative (Details) $ in Thousands		3 Months Ended	8 Months Ended	12 Months Ended
Business Combinations - Narrative (Details) $ in Thousands	May 16, 2024 USD ($) issuance office branch shares	Sep. 30, 2024 office branch	Dec. 31, 2024 USD ($)	Dec. 31, 2024 USD ($) branch	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	May 15, 2024 USD ($)
Business Acquisition [Line Items]
Total assets			$ 24,051,825	$ 24,051,825	$ 14,210,810
Total loans			18,628,391	18,628,391	10,766,501
Goodwill			624,069	624,069	443,623
Allowance for credit losses on PCD loans				17,188	0	$ 0
Bank-owned life insurance			405,893	405,893	243,050
Merger-related expenses				56,867	7,826	$ 4,128
Lakeland Bancorp, Inc. - Merger Agreement
Business Acquisition [Line Items]
Total assets	$ 10,590,000
Total loans	7,910,000
Total deposits	$ 8,620,000
Number of full-service banking offices \| office	68
Number of branches expected to close \| branch		13
Number of legacy provident banking offices \| office		9
Exchange conversion ratio	0.8319
Total common stock issued (in shares) \| shares	54,356,954
Total cost of acquisition	$ 876,800
Goodwill	180,446		180,400	$ 180,400			$ 190,900
Goodwill, Measurement Period Adjustment	10,500
Fair value discount	249,700
Fair value of the acquired loans receivable	7,910,000
Interest rate fair value discount	297,200
Credit fair value discount	82,359
Allowance for credit losses on PCD loans	$ 17,188
Number of branches acquired \| branch	68
Number of branches owned \| branch				29
Other intangibles assets	$ 209,915
Bank-owned life insurance	160,600
Time deposit discount	$ 1,200
Borrowings, discount			5,100
Number of outstanding trust preferred issuances \| issuance	3
Subordinated debentures	$ 166,366						166,400
Subordinated debt, measurement period adjustment			$ 13,800
Merger-related expenses				$ 56,900	$ 4,100
Lakeland Bancorp, Inc. - Merger Agreement \| Previously Reported
Business Acquisition [Line Items]
Subordinated debentures							$ 180,200
Lakeland Bancorp, Inc. - Merger Agreement \| Core Deposits
Business Acquisition [Line Items]
Other intangibles assets	$ 209,200
Estimated useful life (in years)	10 years

Business Combinations - Estimated Fair Values of the Assets Acquired and the Liabilities Assumed (Details) - USD ($) $ in Thousands	Dec. 31, 2024	May 16, 2024	May 15, 2024	Dec. 31, 2023
Assets acquired:
Goodwill	$ 624,069			$ 443,623
Lakeland Bancorp, Inc. - Merger Agreement
Assets acquired:
Cash and cash equivalents, net		$ 194,548
Available for sale debt securities		1,585,993
Federal Home Loan Bank stock		46,113
Loans held for sale		1,494
Loans held for investment		7,906,326
Allowance for credit losses on PCD loans		(17,188)
Loans, net		7,889,138
Bank-owned life insurance		160,646
Banking premises and equipment		60,578
Accrued interest receivable		27,241
Goodwill	$ 180,400	180,446	$ 190,900
Other intangibles assets		209,915
Other assets		236,481
Total assets acquired		10,592,593
Liabilities assumed:
Deposits		8,622,924
Mortgage escrow deposits		5,532
Borrowed funds		785,927
Subordinated debentures		166,366	$ 166,400
Other liabilities		135,066
Total liabilities assumed		9,715,815
Net assets acquired		$ 876,779

Business Combinations - Fair Value Adjustments Made to the Amortized Cost (Details) - USD ($) $ in Thousands		12 Months Ended
	May 16, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Allowance for credit losses on PCD loans		$ (17,188)	$ 0	$ 0
Lakeland Bancorp, Inc. - Merger Agreement
Business Acquisition [Line Items]
Gross amortized cost basis as of May 16, 2024	$ 8,323,589
Interest rate fair value adjustment on all loans	(330,540)
Credit fair value adjustment on non-PCD loans	(82,359)
Charge-offs on PCD Loans at acquisition	(4,364)
Allowance for credit losses on PCD loans	(17,188)
Fair value of acquired loans, net, as of May 16, 2024	$ 7,889,138

Business Combinations - PCD Loans (Details) - USD ($) $ in Thousands		12 Months Ended
	May 16, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Allowance for credit losses on PCD loans		$ (17,188)	$ 0	$ 0
Lakeland Bancorp, Inc. - Merger Agreement
Business Acquisition [Line Items]
Gross amortized cost basis as of May 16, 2024	$ 564,147
Charge-offs on PCD Loans at acquisition	(4,364)
Interest component of expected cash flows (accretable difference)	(33,365)
Allowance for credit losses on PCD loans	(17,188)
Net PCD loans	$ 509,230

Held to Maturity Debt Securities - Investment Securities Held to Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	$ 327,637	$ 363,111
Gross unrealized gains	689	245
Gross unrealized losses	(14,593)	(10,755)
Fair value	313,733	352,601
Held-to-maturity, debt securities, allowance	14	31
U.S. Treasury obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost		5,146
Gross unrealized gains		1
Gross unrealized losses		0
Fair value		5,147
Government-agency obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	9,999	11,058
Gross unrealized gains	0	0
Gross unrealized losses	(292)	(652)
Fair value	9,707	10,406
State and municipal obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	311,118	339,816
Gross unrealized gains	689	244
Gross unrealized losses	(14,133)	(9,700)
Fair value	297,674	330,360
Corporate obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	6,520	7,091
Gross unrealized gains	0	0
Gross unrealized losses	(168)	(403)
Fair value	$ 6,352	$ 6,688

Held to Maturity Debt Securities - Narrative (Details)	12 Months Ended
Held to Maturity Debt Securities - Narrative (Details)	Dec. 31, 2024 USD ($) security	Dec. 31, 2023 USD ($) security	Dec. 31, 2022 USD ($)
Schedule of Held-to-maturity Securities [Line Items]
Accrued interest on held to maturity debt securities	$ 2,900,000	$ 3,100,000
Debt Securities, Held-to-Maturity, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Accrued interest receivable	Accrued interest receivable
Held to maturity securities at carrying value	$ 269,600,000	$ 317,600,000
Recognized gain on calls of securities held to maturity portfolio	0	45,000	$ 123,000
Recognized loss on calls of securities held to maturity portfolio	1,200	15,000	0
Proceeds from calls of held to maturity securities	5,500,000	11,600,000	39,200,000
Sales of securities from held to maturity debt securities	$ 0	$ 0	$ 0
Number of securities in an unrealized loss position \| security	512	372
AAA
Schedule of Held-to-maturity Securities [Line Items]
Total portfolio (as a percent)	17.00%
AA
Schedule of Held-to-maturity Securities [Line Items]
Total portfolio (as a percent)	72.00%
A
Schedule of Held-to-maturity Securities [Line Items]
Total portfolio (as a percent)	10.00%
Fitch, A Rating Or Not Rated
Schedule of Held-to-maturity Securities [Line Items]
Total portfolio (as a percent)	1.00%

Held to Maturity Debt Securities - Securities Held to Maturity by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Due in one year or less, amortized cost	$ 44,861
Due after one year through five years, amortized cost	168,560
Due after five years through ten years, amortized cost	96,148
Due after ten years, amortized cost	18,068
Amortized cost	327,637
Due in one year or less, fair value	44,506
Due after one year through five years, fair value	165,304
Due after five years through ten years, fair value	89,996
Due after ten years, fair value	13,927
Fair value	313,733
Held-to-maturity, debt securities, allowance	$ 14	$ 31

Held to Maturity Debt Securities - Amortized Cost of held to Maturity Debt Securities by Credit Rating (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	$ 327,637	$ 363,111
U.S. Treasury obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost		5,146
Government-agency obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	9,999	11,058
State and municipal obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	311,118	339,816
Corporate obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	6,520	7,091
AAA
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	55,321	60,457
AAA \| U.S. Treasury obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost		5,146
AAA \| Government-agency obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	9,999	11,058
AAA \| State and municipal obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	44,821	43,749
AAA \| Corporate obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	501	504
AA
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	236,225	158,948
AA \| U.S. Treasury obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost		0
AA \| Government-agency obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	0	0
AA \| State and municipal obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	234,212	156,438
AA \| Corporate obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	2,013	2,510
A
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	32,716	141,283
A \| U.S. Treasury obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost		0
A \| Government-agency obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	0	0
A \| State and municipal obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	28,735	137,231
A \| Corporate obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	3,981	4,052
BBB
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	0	0
BBB \| U.S. Treasury obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost		0
BBB \| Government-agency obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	0	0
BBB \| State and municipal obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	0	0
BBB \| Corporate obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	0	0
Not Rated
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	3,375	2,423
Not Rated \| U.S. Treasury obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost		0
Not Rated \| Government-agency obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	0	0
Not Rated \| State and municipal obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	3,350	2,398
Not Rated \| Corporate obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	$ 25	$ 25

Available for Sale Debt Securities - Securities Available for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Amortized cost	$ 2,975,695	$ 1,901,798
Gross unrealized gains	11,606	2,159
Gross unrealized losses	(218,386)	(213,845)
Fair value	2,768,915	1,690,112
U.S. Treasury obligations
Debt Securities, Available-for-sale [Line Items]
Amortized cost	348,621	276,618
Gross unrealized gains	317	0
Gross unrealized losses	(18,340)	(22,740)
Fair value	330,598	253,878
Government-agency obligations
Debt Securities, Available-for-sale [Line Items]
Amortized cost	105,965	26,310
Gross unrealized gains	1,461	1,188
Gross unrealized losses	(191)	0
Fair value	107,235	27,498
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized cost	2,243,725	1,462,159
Gross unrealized gains	4,982	377
Gross unrealized losses	(186,548)	(176,927)
Fair value	2,062,159	1,285,609
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized cost	47,203	31,809
Gross unrealized gains	645	594
Gross unrealized losses	(285)	(168)
Fair value	47,563	32,235
State and municipal obligations
Debt Securities, Available-for-sale [Line Items]
Amortized cost	126,766	64,454
Gross unrealized gains	243	0
Gross unrealized losses	(10,092)	(7,870)
Fair value	116,917	56,584
Corporate obligations
Debt Securities, Available-for-sale [Line Items]
Amortized cost	103,415	40,448
Gross unrealized gains	3,958	0
Gross unrealized losses	(2,930)	(6,140)
Fair value	$ 104,443	$ 34,308

Available for Sale Debt Securities - Narrative (Details)	12 Months Ended
	Dec. 31, 2024 USD ($) position	Dec. 31, 2023 USD ($) position	Dec. 31, 2022 USD ($)
Debt Securities, Available-for-sale [Line Items]
Accrued interest on available for sale debt securities	$ 9,700,000	$ 4,900,000
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Accrued interest receivable	Accrued interest receivable
Securities available for sale at carrying value	$ 863,900,000	$ 1,130,000,000
Debt securities, available for sale, without single maturity date, amortized cost	2,340,000,000
Debt securities, available for sale, without single maturity date, fair value	2,160,000,000
Proceeds from sales of securities available for sale	566,942,000	0	$ 0
Proceeds from sale of debt securities, available for sale, gross	569,900,000
Gain recognized on sale of securities	0
Loss recognized on sale of securities	3,000,000
Proceeds from calls of available for sale securities	780,000	2,300,000
Gain recognized on proceeds from calls on sale of securities	0	0
Loss recognized on proceeds from calls on sale of securities	$ 0	$ 0
Securities available for sale, number of securities in an unrealized loss position \| position	646	436
Lakeland Bancorp, Inc. - Merger Agreement
Debt Securities, Available-for-sale [Line Items]
Loss recognized on sale of securities	$ 2,800,000

Available for Sale Debt Securities - Securities Available for Sale by Contractual Maturity (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Investments, Debt and Equity Securities [Abstract]
Due in one year or less, amortized cost	$ 141,817
Due after one year through five years, amortized cost	308,423
Due after five years through ten years, amortized cost	116,395
Due after ten years, amortized cost	71,796
Amortized cost	638,431
Due in one year or less, fair value	141,426
Due after one year through five years, fair value	290,212
Due after five years through ten years, fair value	114,993
Due after ten years, fair value	65,051
Fair value	$ 611,682

Loans Receivable and Allowance for Credit Losses - Summarized Loans Held for Investment (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	$ 18,667,570	$ 10,882,898
Premiums on purchased loans	1,338	1,474
Net deferred fees	(9,538)	(12,456)
Total loans	18,659,370	10,871,916
Mortgage Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	13,445,151	8,143,113
Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	4,608,600	2,440,621
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	613,819	299,164
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	7,228,078	4,512,411
Commercial \| Mortgage Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	7,228,078	4,512,411
Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	3,382,933	1,812,500
Multi-family \| Mortgage Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	3,382,933	1,812,500
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	823,503	653,246
Construction \| Mortgage Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	823,503	653,246
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	2,010,637	1,164,956
Residential \| Mortgage Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	$ 2,010,637	$ 1,164,956

Loans Receivable and Allowance for Credit Losses - Narrative (Details) $ in Thousands		12 Months Ended
	May 16, 2024 USD ($)	Dec. 31, 2024 USD ($) loan	Dec. 31, 2023 USD ($) loan	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale		$ 162,453	$ 1,785
Accrued interest on loans		78,500	50,900
Loans held for investment		18,659,370	10,871,916
Prepayments and normal amortization, interest income decreased		314	206	$ 270
Non-accrual		$ 72,061	$ 49,639
Number of loans accruing interest 90 days or greater \| loan		0	0
Increase in interest income		$ 2,800	$ 1,600	1,000
Provision charge for credit losses on loans		83,604	27,900	8,400
Allowance for credit loss		(193,432)	(107,200)	(88,023)	$ (80,740)
Impaired loan defined floor limit (greater than)		$ 1,000
Impaired loans number \| loan		26
Impaired loans		$ 55,400
Total stockholders’ equity		2,601,207	1,690,596	1,597,703	1,697,096
Allowance for credit losses on PCD loans		17,188	0	0
Financial Asset Acquired with Credit Deterioration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment		620,400	165,100
Allowance for credit loss		(15,200)	(1,700)
Retained Earnings
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total stockholders’ equity		989,111	974,542	918,158	814,533
Cumulative Effect, Period of Adoption, Adjustment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Allowance for credit loss			0	594	$ 0
Total stockholders’ equity				433
Cumulative Effect, Period of Adoption, Adjustment \| Retained Earnings
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total stockholders’ equity				433
Special Reserves
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans with related specific reserves		7,500
Real Estate \| Commercial Loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans measured for impairment based on the fair value of the underlying collateral		11,000	24,100
Lakeland Bancorp, Inc. - Merger Agreement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Allowance for credit loss		(60,100)
Allowance for credit losses on PCD loans	$ 17,188
Director
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment		98,800
Executive Officer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment		3,500
Commercial loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale		151,300
Non-accrual		24,243	41,487
Provision charge for credit losses on loans		20,011	11,159
Allowance for credit loss		(43,642)	$ (31,475)	(27,413)
Allowance for credit losses on PCD loans		$ 6,070
Commercial loans \| Cumulative Effect, Period of Adoption, Adjustment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Allowance for credit loss				$ 43

Loans Receivable and Allowance for Credit Losses - Aging Loans Held for Investment by Portfolio Segment and Class (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	$ 18,667,570	$ 10,882,898
Non-accrual	72,061	49,639
Non-accrual loans with no related allowance	55,674	44,433
Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	7,228,078	4,512,411
Multi-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	3,382,933	1,812,500
Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	823,503	653,246
Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	2,010,637	1,164,956
Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	106,623	62,897
30-59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	22,326	9,942
60-89 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	12,236	3,316
90 days or more past due and accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	0	0
Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	18,560,947	10,820,001
Mortgage Portfolio Segment
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	13,445,151	8,143,113
Non-accrual	46,162	7,519
Non-accrual loans with no related allowance	38,854	7,519
Mortgage Portfolio Segment \| Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	7,228,078	4,512,411
Non-accrual	20,883	5,151
Non-accrual loans with no related allowance	13,575	5,151
Mortgage Portfolio Segment \| Multi-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	3,382,933	1,812,500
Non-accrual	7,498	744
Non-accrual loans with no related allowance	7,498	744
Mortgage Portfolio Segment \| Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	823,503	653,246
Non-accrual	13,246	771
Non-accrual loans with no related allowance	13,246	771
Mortgage Portfolio Segment \| Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	2,010,637	1,164,956
Non-accrual	4,535	853
Non-accrual loans with no related allowance	4,535	853
Mortgage Portfolio Segment \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	70,091	18,431
Mortgage Portfolio Segment \| Total Past Due \| Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	33,375	5,976
Mortgage Portfolio Segment \| Total Past Due \| Multi-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	7,498	6,194
Mortgage Portfolio Segment \| Total Past Due \| Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	13,246	771
Mortgage Portfolio Segment \| Total Past Due \| Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	15,972	5,490
Mortgage Portfolio Segment \| 30-59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	14,926	8,069
Mortgage Portfolio Segment \| 30-59 Days \| Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	8,538	825
Mortgage Portfolio Segment \| 30-59 Days \| Multi-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	0	3,815
Mortgage Portfolio Segment \| 30-59 Days \| Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	0	0
Mortgage Portfolio Segment \| 30-59 Days \| Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	6,388	3,429
Mortgage Portfolio Segment \| 60-89 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	9,003	2,843
Mortgage Portfolio Segment \| 60-89 Days \| Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	3,954	0
Mortgage Portfolio Segment \| 60-89 Days \| Multi-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	0	1,635
Mortgage Portfolio Segment \| 60-89 Days \| Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	0	0
Mortgage Portfolio Segment \| 60-89 Days \| Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	5,049	1,208
Mortgage Portfolio Segment \| 90 days or more past due and accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	0	0
Mortgage Portfolio Segment \| 90 days or more past due and accruing \| Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	0	0
Mortgage Portfolio Segment \| 90 days or more past due and accruing \| Multi-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	0	0
Mortgage Portfolio Segment \| 90 days or more past due and accruing \| Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	0	0
Mortgage Portfolio Segment \| 90 days or more past due and accruing \| Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	0	0
Mortgage Portfolio Segment \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	13,375,060	8,124,682
Mortgage Portfolio Segment \| Current \| Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	7,194,703	4,506,435
Mortgage Portfolio Segment \| Current \| Multi-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	3,375,435	1,806,306
Mortgage Portfolio Segment \| Current \| Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	810,257	652,475
Mortgage Portfolio Segment \| Current \| Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	1,994,665	1,159,466
Commercial loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	4,608,600	2,440,621
Non-accrual	24,243	41,487
Non-accrual loans with no related allowance	15,164	36,281
Commercial loans \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	30,868	42,683
Commercial loans \| 30-59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	4,248	998
Commercial loans \| 60-89 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	2,377	198
Commercial loans \| 90 days or more past due and accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	0	0
Commercial loans \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	4,577,732	2,397,938
Consumer loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	613,819	299,164
Non-accrual	1,656	633
Non-accrual loans with no related allowance	1,656	633
Consumer loans \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	5,664	1,783
Consumer loans \| 30-59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	3,152	875
Consumer loans \| 60-89 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	856	275
Consumer loans \| 90 days or more past due and accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	0	0
Consumer loans \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	$ 608,155	$ 297,381

Loans Receivable and Allowance for Credit Losses - Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands		12 Months Ended
	May 16, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period		$ 107,200	$ 88,023	$ 80,740
Initial allowance related to PCD loans		17,188	0	0
Provision charge for credit losses on loans		83,604	27,900	8,400
Recoveries of loans previously charged off		3,263	2,292	5,431
Loans charged off		(17,823)	(10,421)	(6,548)
Balance at end of period		193,432	107,200	88,023
Lakeland Bancorp, Inc. - Merger Agreement
Allowance for Loan and Lease Losses [Roll Forward]
Initial allowance related to PCD loans	$ 17,188
Balance at end of period		60,100
Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period		0	(594)	0
Balance at end of period			0	(594)
Mortgage Portfolio Segment
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period		73,407	58,218
Initial allowance related to PCD loans		10,628
Provision charge for credit losses on loans		61,274	16,877
Recoveries of loans previously charged off		86	546
Loans charged off		(808)	(1,724)
Balance at end of period		144,587	73,407	58,218
Mortgage Portfolio Segment \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period			(510)
Balance at end of period				(510)
Commercial loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period		31,475	27,413
Initial allowance related to PCD loans		6,070
Provision charge for credit losses on loans		20,011	11,159
Recoveries of loans previously charged off		2,621	1,309
Loans charged off		(16,535)	(8,363)
Balance at end of period		43,642	31,475	27,413
Provision charge for credit losses on loans includes benefit to the allowance		2,800
Transfer from the commercial loans loans held for investment portfolio into the loans held for sale portfolio		151,300
Commercial loans \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period			(43)
Balance at end of period				(43)
Consumer loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period		2,318	2,392
Initial allowance related to PCD loans		490
Provision charge for credit losses on loans		2,319	(136)
Recoveries of loans previously charged off		556	437
Loans charged off		(480)	(334)
Balance at end of period		$ 5,203	2,318	2,392
Consumer loans \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period			$ (41)
Balance at end of period				$ (41)

Loans Receivable and Allowance for Credit Losses - Charge Offs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans	$ 17,823	$ 10,421	$ 6,548
Mortgage Portfolio Segment
Financing Receivable, Troubled Debt Restructuring [Line Items]
2024	0	0
2023	0	0
2022	7	0
2021	0	0
2020	0	0
Prior to 2020	801	1,724
Total Loans	808	1,724
Mortgage Portfolio Segment \| Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior to 2020	801	1,700
Total Loans	801	1,700
Mortgage Portfolio Segment \| Residential
Financing Receivable, Troubled Debt Restructuring [Line Items]
2024	0	0
2023	0	0
2022	7	0
2021	0	0
2020	0	0
Prior to 2020	0	24
Total Loans	7	24
Commercial loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
2024	0	0
2023	1,434	0
2022	2,731	0
2021	10,259	5,000
2020	1,775	0
Prior to 2020	335	3,363
Total Loans	16,535	8,363
Consumer loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
2024	25	24
2023	8	0
2022	9	0
2021	4	0
2020	0	0
Prior to 2020	35	13
Total Loans	81	37
Total gross loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
2024	25	24
2023	1,442	0
2022	2,746	0
2021	10,263	5,000
2020	1,775	0
Prior to 2020	1,172	5,100
Total Loans	17,425	10,124
Consumer loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans	480	334
Consumer loans \| Consumer Loans, Overdraft Accounts
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans	$ 398	$ 297

Loans Receivable and Allowance for Credit Losses - Amortized Basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	$ 28,501	$ 6,529
% of Total Class of Loans and Leases	0.15%	0.06%
Mortgage Portfolio Segment
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	$ 7,221	$ 1,508
% of Total Class of Loans and Leases	0.05%	0.02%
Mortgage Portfolio Segment \| Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	$ 5,924
% of Total Class of Loans and Leases	0.08%
Mortgage Portfolio Segment \| Multi-family
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	$ 1,297	$ 1,508
% of Total Class of Loans and Leases	0.04%	0.08%
Commercial loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	$ 21,280	$ 5,021
% of Total Class of Loans and Leases	0.46%	0.21%
Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	$ 0	$ 3,771
Term Extension \| Mortgage Portfolio Segment
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	0	0
Term Extension \| Mortgage Portfolio Segment \| Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	0
Term Extension \| Mortgage Portfolio Segment \| Multi-family
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	0	0
Term Extension \| Commercial loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	0	3,771
Interest Rate Change
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	14,111	0
Interest Rate Change \| Mortgage Portfolio Segment
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	1,297	0
Interest Rate Change \| Mortgage Portfolio Segment \| Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	0
Interest Rate Change \| Mortgage Portfolio Segment \| Multi-family
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	1,297	0
Interest Rate Change \| Commercial loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	12,814	0
Interest Rate Change and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	11,538	2,758
Interest Rate Change and Term Extension \| Mortgage Portfolio Segment
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	3,072	1,508
Interest Rate Change and Term Extension \| Mortgage Portfolio Segment \| Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	3,072
Interest Rate Change and Term Extension \| Mortgage Portfolio Segment \| Multi-family
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	0	1,508
Interest Rate Change and Term Extension \| Commercial loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	8,466	$ 1,250
Change in Payment Type
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	2,852
Change in Payment Type \| Mortgage Portfolio Segment
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	2,852
Change in Payment Type \| Mortgage Portfolio Segment \| Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	2,852
Change in Payment Type \| Mortgage Portfolio Segment \| Multi-family
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	0
Change in Payment Type \| Commercial loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	$ 0

Loans Receivable and Allowance for Credit Losses - Financial Effect (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Months of Term Extension	3 months	9 months
Weighted Average Rate Increase	3.03%	0.61%
Mortgage Portfolio Segment
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Months of Term Extension	1 month	2 months
Weighted Average Rate Increase	5.00%	2.23%
Mortgage Portfolio Segment \| Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Months of Term Extension	2 months
Weighted Average Rate Increase	2.40%
Mortgage Portfolio Segment \| Multi-family
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Months of Term Extension	0 months	2 months
Weighted Average Rate Increase	5.00%	2.23%
Commercial loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Months of Term Extension	2 months	10 months
Weighted Average Rate Increase	2.22%	0.20%

Loans Receivable and Allowance for Credit Losses - Aging Analysis (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	$ 28,501	$ 6,529
Non- Accrual
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	6,254	0
Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	21,745	6,529
30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	94	0
60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	0	0
90 days or more Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	408	0
Mortgage Portfolio Segment
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	7,221	1,508
Mortgage Portfolio Segment \| Non- Accrual
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	402	0
Mortgage Portfolio Segment \| Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	6,405	1,508
Mortgage Portfolio Segment \| 30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	94	0
Mortgage Portfolio Segment \| 60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	0	0
Mortgage Portfolio Segment \| 90 days or more Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	320	0
Mortgage Portfolio Segment \| Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	5,924
Mortgage Portfolio Segment \| Commercial \| Non- Accrual
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	0
Mortgage Portfolio Segment \| Commercial \| Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	5,924
Mortgage Portfolio Segment \| Commercial \| 30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	0
Mortgage Portfolio Segment \| Commercial \| 60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	0
Mortgage Portfolio Segment \| Commercial \| 90 days or more Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	0
Mortgage Portfolio Segment \| Multi-family
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	1,297	1,508
Mortgage Portfolio Segment \| Multi-family \| Non- Accrual
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	402	0
Mortgage Portfolio Segment \| Multi-family \| Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	481	1,508
Mortgage Portfolio Segment \| Multi-family \| 30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	94	0
Mortgage Portfolio Segment \| Multi-family \| 60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	0	0
Mortgage Portfolio Segment \| Multi-family \| 90 days or more Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	320	0
Commercial loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	21,280	5,021
Commercial loans \| Non- Accrual
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	5,852	0
Commercial loans \| Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	15,340	5,021
Commercial loans \| 30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	0	0
Commercial loans \| 60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	0	0
Commercial loans \| 90 days or more Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Modified period amount	$ 88	$ 0

Loans Receivable and Allowance for Credit Losses - PCD Loans (Details) - USD ($) $ in Thousands		12 Months Ended
	May 16, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Allowance for credit losses on PCD loans		$ (17,188)	$ 0	$ 0
Lakeland Bancorp, Inc. - Merger Agreement
Business Acquisition [Line Items]
Gross amortized cost basis as of May 16, 2024	$ 564,147
Charge-offs on PCD Loans at acquisition	(4,364)
Interest component of expected cash flows (accretable difference)	(33,365)
Allowance for credit losses on PCD loans	(17,188)
Net PCD loans	$ 509,230

Loans Receivable and Allowance for Credit Losses - Loans Receivable by Credit Quality Risk Rating Indicator- Current Year (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
2024	$ 1,815,804	$ 1,506,562
2023	2,530,609	1,910,013
2022	3,858,999	1,615,910
2021	2,390,393	1,181,963
2020	1,979,397	963,225
Prior to 2020	4,380,357	2,868,925
Revolving Loans	1,610,946	716,838
Revolving loans to term loans	101,065	119,462
Total Loans	18,667,570	10,882,898
Total criticized and classified
Financing Receivable, Credit Quality Indicator [Line Items]
2024	10,894	11,882
2023	16,924	27,934
2022	87,250	32,648
2021	57,656	40,155
2020	68,367	12,753
Prior to 2020	195,629	81,269
Revolving Loans	57,953	39,570
Revolving loans to term loans	6,507	1,285
Total Loans	501,180	247,496
Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024	963	450
2023	9,409	27,934
2022	13,581	12,386
2021	14,931	30,920
2020	24,186	10,710
Prior to 2020	115,866	58,155
Revolving Loans	25,216	28,011
Revolving loans to term loans	4,761	687
Total Loans	208,913	169,253
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024	9,931	4,421
2023	7,515	0
2022	73,669	20,262
2021	42,725	9,235
2020	44,181	2,043
Prior to 2020	79,763	23,114
Revolving Loans	32,737	11,559
Revolving loans to term loans	1,746	598
Total Loans	292,267	71,232
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	7,011
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior to 2020	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	7,011
Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior to 2020	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2024	1,804,910	1,494,680
2023	2,513,685	1,882,079
2022	3,771,749	1,583,262
2021	2,332,737	1,141,808
2020	1,911,030	950,472
Prior to 2020	4,184,728	2,787,656
Revolving Loans	1,552,993	677,268
Revolving loans to term loans	94,558	118,177
Total Loans	18,166,390	10,635,402
Mortgage Portfolio Segment
Financing Receivable, Credit Quality Indicator [Line Items]
2024	1,029,345	1,110,754
2023	2,049,829	1,550,892
2022	3,036,316	1,249,793
2021	1,925,522	1,035,213
2020	1,680,796	802,978
Prior to 2020	3,569,951	2,257,828
Revolving Loans	140,939	101,809
Revolving loans to term loans	12,453	33,846
Total Loans	13,445,151	8,143,113
Mortgage Portfolio Segment \| Total criticized and classified
Financing Receivable, Credit Quality Indicator [Line Items]
2024	3,709	3,735
2023	9,194	10,926
2022	22,135	3,048
2021	23,635	28,511
2020	35,620	10,558
Prior to 2020	147,105	46,961
Revolving Loans	4,461	4,934
Revolving loans to term loans	0	0
Total Loans	245,859	108,673
Mortgage Portfolio Segment \| Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024	665	0
2023	6,797	10,926
2022	10,494	3,048
2021	9,127	28,511
2020	14,569	10,558
Prior to 2020	88,833	35,306
Revolving Loans	4,461	4,500
Revolving loans to term loans	0	0
Total Loans	134,946	92,849
Mortgage Portfolio Segment \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024	3,044	3,735
2023	2,397	0
2022	11,641	0
2021	14,508	0
2020	21,051	0
Prior to 2020	58,272	11,655
Revolving Loans	0	434
Revolving loans to term loans	0	0
Total Loans	110,913	15,824
Mortgage Portfolio Segment \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior to 2020	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Mortgage Portfolio Segment \| Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior to 2020	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Mortgage Portfolio Segment \| Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2024	1,025,636	1,107,019
2023	2,040,635	1,539,966
2022	3,014,181	1,246,745
2021	1,901,887	1,006,702
2020	1,645,176	792,420
Prior to 2020	3,422,846	2,210,867
Revolving Loans	136,478	96,875
Revolving loans to term loans	12,453	33,846
Total Loans	13,199,292	8,034,440
Commercial loans
Financing Receivable, Credit Quality Indicator [Line Items]
2024	754,484	366,725
2023	435,080	333,023
2022	763,011	348,016
2021	424,782	143,291
2020	289,044	145,863
Prior to 2020	726,248	525,471
Revolving Loans	1,141,225	506,031
Revolving loans to term loans	74,726	72,201
Total Loans	4,608,600	2,440,621
Commercial loans \| Total criticized and classified
Financing Receivable, Credit Quality Indicator [Line Items]
2024	7,185	8,147
2023	7,635	17,008
2022	65,112	29,600
2021	34,012	11,644
2020	32,623	2,186
Prior to 2020	48,094	34,065
Revolving Loans	51,817	34,069
Revolving loans to term loans	6,507	1,195
Total Loans	252,985	137,914
Commercial loans \| Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024	298	450
2023	2,612	17,008
2022	3,084	9,338
2021	5,804	2,409
2020	9,493	152
Prior to 2020	26,924	22,752
Revolving Loans	20,030	23,333
Revolving loans to term loans	4,761	687
Total Loans	73,006	76,129
Commercial loans \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024	6,887	686
2023	5,023	0
2022	62,028	20,262
2021	28,208	9,235
2020	23,130	2,034
Prior to 2020	21,170	11,313
Revolving Loans	31,787	10,736
Revolving loans to term loans	1,746	508
Total Loans	179,979	54,774
Commercial loans \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	7,011
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior to 2020	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	7,011
Commercial loans \| Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior to 2020	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Commercial loans \| Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2024	747,299	358,578
2023	427,445	316,015
2022	697,899	318,416
2021	390,770	131,647
2020	256,421	143,677
Prior to 2020	678,154	491,406
Revolving Loans	1,089,408	471,962
Revolving loans to term loans	68,219	71,006
Total Loans	4,355,615	2,302,707
Consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
2024	31,975	29,083
2023	45,700	26,098
2022	59,672	18,101
2021	40,089	3,459
2020	9,557	14,384
Prior to 2020	84,158	85,626
Revolving Loans	328,782	108,998
Revolving loans to term loans	13,886	13,415
Total Loans	613,819	299,164
Consumer loans \| Total criticized and classified
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	95	0
2022	3	0
2021	9	0
2020	124	9
Prior to 2020	430	243
Revolving Loans	1,675	567
Revolving loans to term loans	0	90
Total Loans	2,336	909
Consumer loans \| Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	3	0
2021	0	0
2020	124	0
Prior to 2020	109	97
Revolving Loans	725	178
Revolving loans to term loans	0	0
Total Loans	961	275
Consumer loans \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	95	0
2022	0	0
2021	9	0
2020	0	9
Prior to 2020	321	146
Revolving Loans	950	389
Revolving loans to term loans	0	90
Total Loans	1,375	634
Consumer loans \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior to 2020	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Consumer loans \| Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior to 2020	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Consumer loans \| Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2024	31,975	29,083
2023	45,605	26,098
2022	59,669	18,101
2021	40,080	3,459
2020	9,433	14,375
Prior to 2020	83,728	85,383
Revolving Loans	327,107	108,431
Revolving loans to term loans	13,886	13,325
Total Loans	611,483	298,255
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	421,297	629,191
2023	909,374	894,075
2022	1,645,013	680,512
2021	1,006,785	498,768
2020	919,915	481,529
Prior to 2020	2,184,041	1,200,402
Revolving Loans	130,758	95,694
Revolving loans to term loans	10,895	32,240
Total Loans	7,228,078	4,512,411
Commercial \| Total criticized and classified
Financing Receivable, Credit Quality Indicator [Line Items]
2024	3,306	482
2023	4,450	10,926
2022	21,102	3,048
2021	9,127	28,511
2020	35,620	10,558
Prior to 2020	120,395	34,197
Revolving Loans	4,461	4,934
Revolving loans to term loans	0	0
Total Loans	198,461	92,656
Commercial \| Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024	262	0
2023	4,377	10,926
2022	10,150	3,048
2021	9,127	28,511
2020	14,569	10,558
Prior to 2020	69,525	24,598
Revolving Loans	4,461	4,500
Revolving loans to term loans	0	0
Total Loans	112,471	82,141
Commercial \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024	3,044	482
2023	73	0
2022	10,952	0
2021	0	0
2020	21,051	0
Prior to 2020	50,870	9,599
Revolving Loans	0	434
Revolving loans to term loans	0	0
Total Loans	85,990	10,515
Commercial \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior to 2020	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Commercial \| Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior to 2020	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Commercial \| Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2024	417,991	628,709
2023	904,924	883,149
2022	1,623,911	677,464
2021	997,658	470,257
2020	884,295	470,971
Prior to 2020	2,063,646	1,166,205
Revolving Loans	126,297	90,760
Revolving loans to term loans	10,895	32,240
Total Loans	7,029,617	4,419,755
Commercial \| Mortgage Portfolio Segment
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	7,228,078	4,512,411
Multi-family
Financing Receivable, Credit Quality Indicator [Line Items]
2024	363,254	344,095
2023	479,744	172,244
2022	701,811	184,136
2021	462,022	271,878
2020	460,161	230,456
Prior to 2020	904,202	601,970
Revolving Loans	10,181	6,115
Revolving loans to term loans	1,558	1,606
Total Loans	3,382,933	1,812,500
Multi-family \| Total criticized and classified
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	3,253
2023	1,560	0
2022	0	0
2021	1,043	0
2020	0	0
Prior to 2020	21,911	9,500
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	24,514	12,753
Multi-family \| Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior to 2020	16,472	9,500
Revolving Loans		0
Revolving loans to term loans		0
Total Loans	16,472	9,500
Multi-family \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	3,253
2023	1,560	0
2022	0	0
2021	1,043	0
2020	0	0
Prior to 2020	5,439	0
Revolving Loans		0
Revolving loans to term loans		0
Total Loans	8,042	3,253
Multi-family \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior to 2020	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Multi-family \| Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior to 2020	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Multi-family \| Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2024	363,254	340,842
2023	478,184	172,244
2022	701,811	184,136
2021	460,979	271,878
2020	460,161	230,456
Prior to 2020	882,291	592,470
Revolving Loans	10,181	6,115
Revolving loans to term loans	1,558	1,606
Total Loans	3,358,419	1,799,747
Multi-family \| Mortgage Portfolio Segment
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	3,382,933	1,812,500
Construction
Financing Receivable, Credit Quality Indicator [Line Items]
2024	104,009	41,209
2023	310,098	342,890
2022	260,190	185,034
2021	122,446	68,603
2020	24,017	1,339
Prior to 2020	2,743	14,171
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	823,503	653,246
Construction \| Total criticized and classified
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	1,064	0
2022	0	0
2021	12,346	0
2020	0	0
Prior to 2020	0	771
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	13,410	771
Construction \| Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	1,064	0
2022	0	0
2021	0	0
2020	0	0
Prior to 2020	0	0
Revolving Loans		0
Revolving loans to term loans		0
Total Loans	1,064	0
Construction \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	12,346	0
2020	0	0
Prior to 2020	0	771
Revolving Loans		0
Revolving loans to term loans		0
Total Loans	12,346	771
Construction \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior to 2020	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Construction \| Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior to 2020	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Construction \| Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2024	104,009	41,209
2023	309,034	342,890
2022	260,190	185,034
2021	110,100	68,603
2020	24,017	1,339
Prior to 2020	2,743	13,400
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	810,093	652,475
Construction \| Mortgage Portfolio Segment
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	823,503	653,246
Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2024	140,785	96,259
2023	350,613	141,683
2022	429,302	200,111
2021	334,269	195,964
2020	276,703	89,654
Prior to 2020	478,965	441,285
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	2,010,637	1,164,956
Residential \| Total criticized and classified
Financing Receivable, Credit Quality Indicator [Line Items]
2024	403	0
2023	2,120	0
2022	1,033	0
2021	1,119	0
2020	0	0
Prior to 2020	4,799	2,493
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	9,474	2,493
Residential \| Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024	403	0
2023	1,356	0
2022	344	0
2021	0	0
2020	0	0
Prior to 2020	2,836	1,208
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	4,939	1,208
Residential \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	764	0
2022	689	0
2021	1,119	0
2020	0	0
Prior to 2020	1,963	1,285
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	4,535	1,285
Residential \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior to 2020	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Residential \| Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior to 2020	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Residential \| Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2024	140,382	96,259
2023	348,493	141,683
2022	428,269	200,111
2021	333,150	195,964
2020	276,703	89,654
Prior to 2020	474,166	438,792
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	2,001,163	1,162,463
Residential \| Mortgage Portfolio Segment
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	$ 2,010,637	$ 1,164,956

Loans Receivable and Allowance for Credit Losses - Loans Receivable by Credit Quality Risk Rating Indicator- Prior Year (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 1,815,804	$ 1,506,562
2022	2,530,609	1,910,013
2021	3,858,999	1,615,910
2020	2,390,393	1,181,963
2019	1,979,397	963,225
Prior to 2019	4,380,357	2,868,925
Revolving Loans	1,610,946	716,838
Revolving loans to term loans	101,065	119,462
Total Loans	18,667,570	10,882,898
Total criticized and classified
Financing Receivable, Credit Quality Indicator [Line Items]
2023	10,894	11,882
2022	16,924	27,934
2021	87,250	32,648
2020	57,656	40,155
2019	68,367	12,753
Prior to 2019	195,629	81,269
Revolving Loans	57,953	39,570
Revolving loans to term loans	6,507	1,285
Total Loans	501,180	247,496
Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	963	450
2022	9,409	27,934
2021	13,581	12,386
2020	14,931	30,920
2019	24,186	10,710
Prior to 2019	115,866	58,155
Revolving Loans	25,216	28,011
Revolving loans to term loans	4,761	687
Total Loans	208,913	169,253
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	9,931	4,421
2022	7,515	0
2021	73,669	20,262
2020	42,725	9,235
2019	44,181	2,043
Prior to 2019	79,763	23,114
Revolving Loans	32,737	11,559
Revolving loans to term loans	1,746	598
Total Loans	292,267	71,232
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	7,011
2022	0	0
2021	0	0
2020	0	0
2019	0	0
Prior to 2019	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	7,011
Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019	0	0
Prior to 2019	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023	1,804,910	1,494,680
2022	2,513,685	1,882,079
2021	3,771,749	1,583,262
2020	2,332,737	1,141,808
2019	1,911,030	950,472
Prior to 2019	4,184,728	2,787,656
Revolving Loans	1,552,993	677,268
Revolving loans to term loans	94,558	118,177
Total Loans	18,166,390	10,635,402
Mortgage Portfolio Segment
Financing Receivable, Credit Quality Indicator [Line Items]
2023	1,029,345	1,110,754
2022	2,049,829	1,550,892
2021	3,036,316	1,249,793
2020	1,925,522	1,035,213
2019	1,680,796	802,978
Prior to 2019	3,569,951	2,257,828
Revolving Loans	140,939	101,809
Revolving loans to term loans	12,453	33,846
Total Loans	13,445,151	8,143,113
Mortgage Portfolio Segment \| Total criticized and classified
Financing Receivable, Credit Quality Indicator [Line Items]
2023	3,709	3,735
2022	9,194	10,926
2021	22,135	3,048
2020	23,635	28,511
2019	35,620	10,558
Prior to 2019	147,105	46,961
Revolving Loans	4,461	4,934
Revolving loans to term loans	0	0
Total Loans	245,859	108,673
Mortgage Portfolio Segment \| Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	665	0
2022	6,797	10,926
2021	10,494	3,048
2020	9,127	28,511
2019	14,569	10,558
Prior to 2019	88,833	35,306
Revolving Loans	4,461	4,500
Revolving loans to term loans	0	0
Total Loans	134,946	92,849
Mortgage Portfolio Segment \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	3,044	3,735
2022	2,397	0
2021	11,641	0
2020	14,508	0
2019	21,051	0
Prior to 2019	58,272	11,655
Revolving Loans	0	434
Revolving loans to term loans	0	0
Total Loans	110,913	15,824
Mortgage Portfolio Segment \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019	0	0
Prior to 2019	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Mortgage Portfolio Segment \| Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019	0	0
Prior to 2019	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Mortgage Portfolio Segment \| Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023	1,025,636	1,107,019
2022	2,040,635	1,539,966
2021	3,014,181	1,246,745
2020	1,901,887	1,006,702
2019	1,645,176	792,420
Prior to 2019	3,422,846	2,210,867
Revolving Loans	136,478	96,875
Revolving loans to term loans	12,453	33,846
Total Loans	13,199,292	8,034,440
Commercial loans
Financing Receivable, Credit Quality Indicator [Line Items]
2023	754,484	366,725
2022	435,080	333,023
2021	763,011	348,016
2020	424,782	143,291
2019	289,044	145,863
Prior to 2019	726,248	525,471
Revolving Loans	1,141,225	506,031
Revolving loans to term loans	74,726	72,201
Total Loans	4,608,600	2,440,621
Commercial loans \| Total criticized and classified
Financing Receivable, Credit Quality Indicator [Line Items]
2023	7,185	8,147
2022	7,635	17,008
2021	65,112	29,600
2020	34,012	11,644
2019	32,623	2,186
Prior to 2019	48,094	34,065
Revolving Loans	51,817	34,069
Revolving loans to term loans	6,507	1,195
Total Loans	252,985	137,914
Commercial loans \| Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	298	450
2022	2,612	17,008
2021	3,084	9,338
2020	5,804	2,409
2019	9,493	152
Prior to 2019	26,924	22,752
Revolving Loans	20,030	23,333
Revolving loans to term loans	4,761	687
Total Loans	73,006	76,129
Commercial loans \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	6,887	686
2022	5,023	0
2021	62,028	20,262
2020	28,208	9,235
2019	23,130	2,034
Prior to 2019	21,170	11,313
Revolving Loans	31,787	10,736
Revolving loans to term loans	1,746	508
Total Loans	179,979	54,774
Commercial loans \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	7,011
2022	0	0
2021	0	0
2020	0	0
2019	0	0
Prior to 2019	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	7,011
Commercial loans \| Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019	0	0
Prior to 2019	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Commercial loans \| Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023	747,299	358,578
2022	427,445	316,015
2021	697,899	318,416
2020	390,770	131,647
2019	256,421	143,677
Prior to 2019	678,154	491,406
Revolving Loans	1,089,408	471,962
Revolving loans to term loans	68,219	71,006
Total Loans	4,355,615	2,302,707
Consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
2023	31,975	29,083
2022	45,700	26,098
2021	59,672	18,101
2020	40,089	3,459
2019	9,557	14,384
Prior to 2019	84,158	85,626
Revolving Loans	328,782	108,998
Revolving loans to term loans	13,886	13,415
Total Loans	613,819	299,164
Consumer loans \| Total criticized and classified
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	95	0
2021	3	0
2020	9	0
2019	124	9
Prior to 2019	430	243
Revolving Loans	1,675	567
Revolving loans to term loans	0	90
Total Loans	2,336	909
Consumer loans \| Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	0	0
2021	3	0
2020	0	0
2019	124	0
Prior to 2019	109	97
Revolving Loans	725	178
Revolving loans to term loans	0	0
Total Loans	961	275
Consumer loans \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	95	0
2021	0	0
2020	9	0
2019	0	9
Prior to 2019	321	146
Revolving Loans	950	389
Revolving loans to term loans	0	90
Total Loans	1,375	634
Consumer loans \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019	0	0
Prior to 2019	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Consumer loans \| Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019	0	0
Prior to 2019	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Consumer loans \| Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023	31,975	29,083
2022	45,605	26,098
2021	59,669	18,101
2020	40,080	3,459
2019	9,433	14,375
Prior to 2019	83,728	85,383
Revolving Loans	327,107	108,431
Revolving loans to term loans	13,886	13,325
Total Loans	611,483	298,255
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2023	421,297	629,191
2022	909,374	894,075
2021	1,645,013	680,512
2020	1,006,785	498,768
2019	919,915	481,529
Prior to 2019	2,184,041	1,200,402
Revolving Loans	130,758	95,694
Revolving loans to term loans	10,895	32,240
Total Loans	7,228,078	4,512,411
Commercial \| Total criticized and classified
Financing Receivable, Credit Quality Indicator [Line Items]
2023	3,306	482
2022	4,450	10,926
2021	21,102	3,048
2020	9,127	28,511
2019	35,620	10,558
Prior to 2019	120,395	34,197
Revolving Loans	4,461	4,934
Revolving loans to term loans	0	0
Total Loans	198,461	92,656
Commercial \| Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	262	0
2022	4,377	10,926
2021	10,150	3,048
2020	9,127	28,511
2019	14,569	10,558
Prior to 2019	69,525	24,598
Revolving Loans	4,461	4,500
Revolving loans to term loans	0	0
Total Loans	112,471	82,141
Commercial \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	3,044	482
2022	73	0
2021	10,952	0
2020	0	0
2019	21,051	0
Prior to 2019	50,870	9,599
Revolving Loans	0	434
Revolving loans to term loans	0	0
Total Loans	85,990	10,515
Commercial \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019	0	0
Prior to 2019	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Commercial \| Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019	0	0
Prior to 2019	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Commercial \| Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023	417,991	628,709
2022	904,924	883,149
2021	1,623,911	677,464
2020	997,658	470,257
2019	884,295	470,971
Prior to 2019	2,063,646	1,166,205
Revolving Loans	126,297	90,760
Revolving loans to term loans	10,895	32,240
Total Loans	7,029,617	4,419,755
Commercial \| Mortgage Portfolio Segment
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	7,228,078	4,512,411
Multi-family
Financing Receivable, Credit Quality Indicator [Line Items]
2023	363,254	344,095
2022	479,744	172,244
2021	701,811	184,136
2020	462,022	271,878
2019	460,161	230,456
Prior to 2019	904,202	601,970
Revolving Loans	10,181	6,115
Revolving loans to term loans	1,558	1,606
Total Loans	3,382,933	1,812,500
Multi-family \| Total criticized and classified
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	3,253
2022	1,560	0
2021	0	0
2020	1,043	0
2019	0	0
Prior to 2019	21,911	9,500
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	24,514	12,753
Multi-family \| Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019	0	0
Prior to 2019	16,472	9,500
Revolving Loans		0
Revolving loans to term loans		0
Total Loans	16,472	9,500
Multi-family \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	3,253
2022	1,560	0
2021	0	0
2020	1,043	0
2019	0	0
Prior to 2019	5,439	0
Revolving Loans		0
Revolving loans to term loans		0
Total Loans	8,042	3,253
Multi-family \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019	0	0
Prior to 2019	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Multi-family \| Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019	0	0
Prior to 2019	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Multi-family \| Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023	363,254	340,842
2022	478,184	172,244
2021	701,811	184,136
2020	460,979	271,878
2019	460,161	230,456
Prior to 2019	882,291	592,470
Revolving Loans	10,181	6,115
Revolving loans to term loans	1,558	1,606
Total Loans	3,358,419	1,799,747
Multi-family \| Mortgage Portfolio Segment
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	3,382,933	1,812,500
Construction
Financing Receivable, Credit Quality Indicator [Line Items]
2023	104,009	41,209
2022	310,098	342,890
2021	260,190	185,034
2020	122,446	68,603
2019	24,017	1,339
Prior to 2019	2,743	14,171
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	823,503	653,246
Construction \| Total criticized and classified
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	1,064	0
2021	0	0
2020	12,346	0
2019	0	0
Prior to 2019	0	771
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	13,410	771
Construction \| Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	1,064	0
2021	0	0
2020	0	0
2019	0	0
Prior to 2019	0	0
Revolving Loans		0
Revolving loans to term loans		0
Total Loans	1,064	0
Construction \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	0	0
2021	0	0
2020	12,346	0
2019	0	0
Prior to 2019	0	771
Revolving Loans		0
Revolving loans to term loans		0
Total Loans	12,346	771
Construction \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019	0	0
Prior to 2019	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Construction \| Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019	0	0
Prior to 2019	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Construction \| Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023	104,009	41,209
2022	309,034	342,890
2021	260,190	185,034
2020	110,100	68,603
2019	24,017	1,339
Prior to 2019	2,743	13,400
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	810,093	652,475
Construction \| Mortgage Portfolio Segment
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	823,503	653,246
Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2023	140,785	96,259
2022	350,613	141,683
2021	429,302	200,111
2020	334,269	195,964
2019	276,703	89,654
Prior to 2019	478,965	441,285
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	2,010,637	1,164,956
Residential \| Total criticized and classified
Financing Receivable, Credit Quality Indicator [Line Items]
2023	403	0
2022	2,120	0
2021	1,033	0
2020	1,119	0
2019	0	0
Prior to 2019	4,799	2,493
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	9,474	2,493
Residential \| Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023	403	0
2022	1,356	0
2021	344	0
2020	0	0
2019	0	0
Prior to 2019	2,836	1,208
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	4,939	1,208
Residential \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	764	0
2021	689	0
2020	1,119	0
2019	0	0
Prior to 2019	1,963	1,285
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	4,535	1,285
Residential \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019	0	0
Prior to 2019	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Residential \| Loss
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019	0	0
Prior to 2019	0	0
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	0	0
Residential \| Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023	140,382	96,259
2022	348,493	141,683
2021	428,269	200,111
2020	333,150	195,964
2019	276,703	89,654
Prior to 2019	474,166	438,792
Revolving Loans	0	0
Revolving loans to term loans	0	0
Total Loans	2,001,163	1,162,463
Residential \| Mortgage Portfolio Segment
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	$ 2,010,637	$ 1,164,956

Banking Premises and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Land	$ 27,627	$ 13,394
Banking premises	128,931	72,905
Furniture, fixtures and equipment	80,269	56,082
Leasehold improvements	59,084	45,154
Construction in progress	4,870	5,331
Total banking premises and equipment	300,781	192,866
Less accumulated depreciation and amortization	181,159	121,868
Net banking premises and equipment	119,622	70,998
Depreciation expense	$ 12,600	$ 8,700	$ 9,800

Goodwill and Other Intangible Assets - Components of Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 624,069	$ 443,623
Core deposit premiums	184,238	1,901
Customer relationship and other intangibles	9,819	11,867
Mortgage servicing rights	1,104	551
Total goodwill and other intangible assets	$ 819,230	$ 457,942

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482598/350-20-45-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

+ Details

Goodwill and Other Intangible Assets - Amortization Expense of Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Core deposit premiums	$ 26,827	$ 544	$ 730
Customer relationship and other intangibles	2,047	2,335	2,488
Mortgage servicing rights	57	73	74
Total amortization expense of intangible assets	$ 28,931	$ 2,952	$ 3,292

Goodwill and Other Intangible Assets - Amortization of Core Deposit Intangibles (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 37,140
2026	33,283
2027	29,543
2028	25,817
2029	$ 21,148

Deposits - Deposits Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Other Liabilities [Abstract]
Savings deposits	$ 1,679,667	$ 1,175,683
Money market accounts	3,364,564	2,325,364
NOW accounts	6,622,642	3,492,184
Non-interest bearing deposits	3,788,785	2,203,341
Certificates of deposit	3,168,155	1,095,942
Total deposits	$ 18,623,813	$ 10,292,514
Weighted average interest rate, savings deposits	0.22%	0.21%
Weighted average interest rate, money market accounts	2.67%	2.67%
Weighted average interest rate, NOW accounts	2.64%	2.77%
Weighted average interest rate, non-interest bearing deposits	0.00%	0.00%
Weighted average interest rate, certificates of deposit	4.10%	3.85%
Time deposits, insured cash sweep	$ 1,160,000	$ 520,200
Time deposits, at or above FDIC limit	789,000	218,500
Certificate of deposit account registry service, time deposit	$ 3,500	$ 3,300

Deposits - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Deposits - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Other Liabilities [Abstract]
Time deposits, brokered	$ 251.5	$ 165.7

Deposits - Maturities of Certificates of Deposit (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Other Liabilities [Abstract]
Within one year	$ 3,045,860	$ 1,020,285
One to three years	110,684	63,866
Three to five years	11,608	11,773
Five years and thereafter	3	18
Certificates of deposit	$ 3,168,155	$ 1,095,942

Deposits - Interest Expense on Deposits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Other Liabilities [Abstract]
Savings deposits	$ 3,443	$ 2,184	$ 1,276
NOW and money market accounts	245,874	125,471	32,048
Certificates of deposits	100,206	31,804	5,380
Total interest expense on deposits	$ 349,523	$ 159,459	$ 38,704

Borrowed Funds - Borrowed Funds (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
Securities sold under repurchase agreements	$ 113,224	$ 72,161
FHLBNY line of credit	385,000	148,000
FHLBNY advances	1,518,497	1,299,836
FRBNY BTFP borrowing	0	450,000
Purchase accounting adjustment ("PAA") on borrowed funds	3,714	36
Total borrowed funds	$ 2,020,435	$ 1,970,033

- Definition

Amount, after the effects of master netting arrangements, of funds outstanding borrowed in the form of a security repurchase agreement between the entity and another party for the sale and repurchase of identical or substantially the same securities at a date certain for a specified price. Includes liabilities not subject to a master netting arrangement and not elected to be offset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(13)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.12-12A(Column A)(Footnote 2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column A)(Footnote 2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A)(Footnote 4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483466/210-20-50-3

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(m)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(m)(1)(ii)(A)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-10

+ Details

Borrowed Funds - Narrative (Details) - USD ($)	12 Months Ended
Borrowed Funds - Narrative (Details) - USD ($)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long term borrowings	$ 513,900,000	$ 534,800,000
Short term borrowings	1,510,000,000	1,440,000,000
Available for sale debt securities, at fair value	2,768,915,000	1,690,112,000
Interest expense on borrowings	74,900,000	56,000,000	$ 9,500,000
Amortization related to purchase accounting on FHLB advances	(1,400,000)	(105,000)	$ (188,000)
Asset Pledged as Collateral \| Securities Sold under Agreements to Repurchase
Debt Instrument [Line Items]
Available for sale debt securities, at fair value	1,120,000,000	924,600,000
Asset Pledged as Collateral \| Federal Funds Purchased
Debt Instrument [Line Items]
Available for sale debt securities, at fair value	$ 0	$ 589,100,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482949/835-30-55-8

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69F
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69F

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 26: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 27: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482900/835-30-50-1

+ Details

Borrowed Funds - Maturities of FHLBNY Advances, FRBNY BTFP Borrowings and Lines of Credit (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
Due in one year or less	$ 1,268,262
Due after one year through two years	160,235
Due after two years through three years	475,000
Due after three years through four years	0
Due after four years through five years	0
Thereafter	0
Purchase accounting adjustment on borrowed funds	3,714	$ 36
Total FHLBNY advances, FRBNY BTFP borrowings and overnight borrowings	$ 1,907,211

Borrowed Funds - Securities Sold Under Repurchase Agreements (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
Due in one year or less	$ 113,224
Thereafter	0
Total securities sold under repurchase agreements	$ 113,224	$ 72,161

- Definition

Amount, after the effects of master netting arrangements, of funds outstanding borrowed in the form of a security repurchase agreement between the entity and another party for the sale and repurchase of identical or substantially the same securities at a date certain for a specified price. Includes liabilities not subject to a master netting arrangement and not elected to be offset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(13)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.12-12A(Column A)(Footnote 2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column A)(Footnote 2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A)(Footnote 4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483466/210-20-50-3

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(m)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(m)(1)(ii)(A)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-10

+ Details

Borrowed Funds - Debt Disclosure by Year (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Maximum balance
Securities sold under repurchase agreements	$ 117,323	$ 99,669
FHLBNY overnight borrowings	567,000	500,000
FHLBNY advances	1,518,497	1,592,277
FRBNY BTFP Borrowing	550,000	450,000
Average balance
Securities sold under repurchase agreements	102,043	87,227
FHLBNY overnight borrowings	115,902	262,289
FHLBNY advances	1,290,836	1,282,124
FRBNY BTFP Borrowing	$ 472,077	$ 4,932
Weighted average interest rate
Securities sold under repurchase agreements	2.03%	1.69%
FHLBNY overnight borrowings	5.45%	5.29%
FHLBNY advances	3.41%	3.14%
FRBNY BTFP Borrowing	4.78%	4.83%

Subordinated Debentures (Details) - USD ($) $ in Thousands				12 Months Ended
Subordinated Debentures (Details) - USD ($) $ in Thousands	May 16, 2024	May 09, 2024	Aug. 03, 2015	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Subordinated debentures				$ 401,608	$ 10,695
Subordinated Debt \| Lakeland Bancorp Capital Trust IV
Debt Instrument [Line Items]
Extinguishment of debt			$ 10,000
Subordinated Debt \| Fixed-To-Floating Rate Subordinated Notes Due 2034
Debt Instrument [Line Items]
Principal amount		$ 225,000
Interest rate (as a percent)		9.00%
Proceeds from long-term borrowings		$ 221,200
Basis spread on variable rate		4.765%
Debt issuance costs		$ 3,800
Amortization expense				$ 490
Subordinated Debt \| Fixed-To-Floating Rate Subordinated Notes Due September 2031
Debt Instrument [Line Items]
Principal amount	$ 150,000
Interest rate (as a percent)	2.875%
Basis spread on variable rate	2.20%
Subordinated Debt \| Variable Rate Capital Trust Pass Through Securities, Established June 2006 \| First Constitution Capital Trust II
Debt Instrument [Line Items]
Principal amount	$ 18,000
Subordinated Debt \| Variable Rate Capital Trust Pass Through Securities, Established June 2003 \| Lakeland Bancorp Capital Trust II
Debt Instrument [Line Items]
Principal amount	20,000
Subordinated Debt \| Variable Rate Capital Trust Pass Through Securities, Established May 2007 \| Lakeland Bancorp Capital Trust IV
Debt Instrument [Line Items]
Principal amount	20,000
Subordinated Debt \| Variable Rate Capital Trust Pass Through Securities, Established June 2007 \| Sussex Capital Trust II
Debt Instrument [Line Items]
Principal amount	$ 12,500

Benefit Plans - Narrative (Details)			8 Months Ended	12 Months Ended
Benefit Plans - Narrative (Details)	Jul. 30, 2021	Dec. 31, 2006	Dec. 31, 2024 USD ($) $ / shares shares	Dec. 31, 2024 USD ($) retirement_payment $ / shares shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2002	Apr. 01, 2025 USD ($)	May 16, 2024 shares	Apr. 25, 2024 shares	Dec. 31, 2021 shares
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan age attained for coverage				21 years
Service period for employees of coverage age (in years)				1 year
Defined benefit plan, vested (as a percent)			100.00%	100.00%
Expected future employer contributions next year			$ 0	$ 0
Service period eliminations of retiree benefits (in years)		10 years					10 years
Discount rate (as a percent)			5.50%	5.50%
Increase in other comprehensive income from retirement plans				$ 500	$ (7,000)	$ 11,000
Requisite service period for deferred compensation arrangement (in years)				10 years
Retirement plan for the board of directors to get maximum payments minimum age				72 years
Number of quarterly payments made to Board of Directors from Retirement Plan (in years) \| retirement_payment				40
Benefit plans compensation expense				$ 2,500
Period in which undistributed balance of accrued benefit will be distributed (in days)				60 days
Shares purchased under ESOP \| shares				4,769,464
Average price per share purchased under ESOP (in dollars per share) \| $ / shares			$ 17.09	$ 17.09
Outstanding loan principal			$ 0	$ 0
Number of shares released under ESOP (in shares) \| shares				286,564	311,946
Unallocated ESOP shares held in suspense (in shares) \| shares			0	0
ESOP compensation expenses				$ 2,600,000	$ 3,100,000	4,100,000
Estimated expense under the supplemental ESOP provision				$ 23,000	$ 432,000	$ 144,000
Number of shares authorized for issuance under stock award plan (in shares) \| shares										2,100,000
Number of shares remain available for grant under stock award plan (in shares) \| shares			2,271,833	2,271,833
Unrecognized compensation cost relating go unvested restricted stock			$ 8,800,000	$ 8,800,000
Weighted average period in which unrecognized compensation cost recognized (in years)				1 year 7 months 6 days
Shares outstanding (in shares) \| shares			1,462,838	1,462,838	1,053,092	1,023,130					900,483
Vested (in shares) \| shares				63,307	68,330	219,323
Forfeited (in shares) \| shares				428,307	328,761	105,556
Fair value of options vesting				$ 133,000	$ 198,000	$ 195,000
Projected share based compensation expense, 2025				11,000
Projected share based compensation expense, 2026				77,000
Aggregate intrinsic value of stock options outstanding			$ 48,000	48,000
Aggregate intrinsic value of stock options exercisable			48,000	$ 48,000
Options granted (in shares) \| shares				0	0
Forecast
Defined Benefit Plan Disclosure [Line Items]
Unrecognized compensation cost relating go unvested restricted stock								$ 0
Revolving Credit Facility \| Credit Agreement, Maturing November 15, 2023
Defined Benefit Plan Disclosure [Line Items]
Line of credit facility, extension period (in years)	3 years
Outstanding Stock Awards
Defined Benefit Plan Disclosure [Line Items]
Share based payment award vesting period (in years)				3 years
Share based payment award compensation expense				$ 8,400,000	$ 7,600,000	9,400,000
Restricted Stock Units (RSUs)
Defined Benefit Plan Disclosure [Line Items]
Unrecognized compensation cost relating go unvested restricted stock			$ 3,200,000	$ 3,200,000
Weighted average period in which unrecognized compensation cost recognized (in years)			1 year 10 months 24 days
Shares outstanding (in shares) \| shares			296,548	296,548					302,805
Vested (in shares) \| shares			3,414
Forfeited (in shares) \| shares			2,843
Stock Options
Defined Benefit Plan Disclosure [Line Items]
Share based payment award vesting period (in years)				5 years
Share based payment award compensation expense				$ 77,000	144,000	198,000
Share based payment award expiration period (in years)				10 years
Performance Shares
Defined Benefit Plan Disclosure [Line Items]
Share based payment award vesting period (in years)				3 years
Board of Directors
Defined Benefit Plan Disclosure [Line Items]
Benefit plans compensation expense				$ 10,000	5,000	5,000
Other liabilities
Defined Benefit Plan Disclosure [Line Items]
Retirement plan liabilities			$ 1,600,000	1,600,000	1,600,000
Other liabilities \| Board of Directors
Defined Benefit Plan Disclosure [Line Items]
Retirement plan liabilities			776,000	776,000	128,000
Supplemental Executive Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Aggregate contributions to the benefit plan				76,000	73,000	73,000
Increase in other comprehensive income from retirement plans				$ 57,000	$ 0	$ 283,000
401(k) Plan
Defined Benefit Plan Disclosure [Line Items]
Percentage of matching contribution (as a percent)				25.00%	25.00%	25.00%
Percentage of contribution made by the participants in benefit plans (as a percent)				6.00%	6.00%	6.00%
Aggregate contributions to the benefit plan				$ 2,500,000	$ 1,300,000	$ 1,200,000
Estimated (benefit) expense of supplemental ESOP provision			(37,000)	(37,000)	(262,000)	(312,000)
Pension
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, funded (unfunded) status of plan			$ 33,272,000	$ 33,272,000	$ 28,311,000	$ 23,380,000
Discount rate (as a percent)			5.50%	5.50%	4.90%	5.10%
Post-retirement
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, funded (unfunded) status of plan			$ (11,093,000)	$ (11,093,000)	$ (11,344,000)	$ (12,095,000)
Discount rate (as a percent)			5.50%	5.50%	4.90%	5.10%

Benefit Plans - Benefit Obligation and Plan Asset Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension
Change in benefit obligation:
Benefit obligation at beginning of year	$ 24,423	$ 24,550	$ 32,517
Service cost	0	0	0
Interest cost	1,154	1,208	855
Actuarial (gain) loss	(65)	(149)	(48)
Benefits paid	(1,639)	(1,648)	(1,658)
Change in actuarial assumptions	(1,275)	462	(7,116)
Benefit obligation at end of year	22,598	24,423	24,550
Change in plan assets:
Fair value of plan assets at beginning of year	52,734	47,930	58,451
Actual (loss) return on plan assets	4,775	6,452	(8,863)
Employer contributions	0	0	0
Benefits paid	(1,639)	(1,648)	(1,658)
Fair value of plan assets at end of year	55,870	52,734	47,930
Funded status at end of year	33,272	28,311	23,380
Post-retirement
Change in benefit obligation:
Benefit obligation at beginning of year	11,344	12,095	16,748
Service cost	11	13	28
Interest cost	540	600	443
Actuarial (gain) loss	(10)	(357)	140
Benefits paid	(681)	(658)	(933)
Change in actuarial assumptions	(111)	(349)	(4,331)
Benefit obligation at end of year	11,093	11,344	12,095
Change in plan assets:
Fair value of plan assets at beginning of year	0	0	0
Actual (loss) return on plan assets	0	0	0
Employer contributions	681	658	933
Benefits paid	(681)	(658)	(933)
Fair value of plan assets at end of year	0	0	0
Funded status at end of year	$ (11,093)	$ (11,344)	$ (12,095)

Benefit Plans - Components of Accumulated Other Comprehensive Loss (Income) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Pension
Defined Benefit Plan Disclosure [Line Items]
Unrecognized prior service cost	$ 0	$ 0
Unrecognized net actuarial loss (income)	2,573	5,633
Total accumulated other comprehensive loss (income)	2,573	5,633
Post-retirement
Defined Benefit Plan Disclosure [Line Items]
Unrecognized prior service cost	0	0
Unrecognized net actuarial loss (income)	(8,381)	(10,378)
Total accumulated other comprehensive loss (income)	$ (8,381)	$ (10,378)

Benefit Plans - Net Periodic (Benefit) Increase Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0	$ 0	$ 0
Interest cost	1,154	1,208	855
Return on plan assets	(3,112)	(2,824)	(3,456)
Amortization of net loss (gain)	57	709	0
Amortization of unrecognized prior service cost	0	0	0
Net periodic (benefit) increase cost	(1,901)	(907)	(2,601)
Post-retirement
Defined Benefit Plan Disclosure [Line Items]
Service cost	11	13	28
Interest cost	540	600	443
Return on plan assets	0	0	0
Amortization of net loss (gain)	(2,118)	(2,130)	(1,304)
Amortization of unrecognized prior service cost	0	0	0
Net periodic (benefit) increase cost	$ (1,567)	$ (1,517)	$ (833)

Benefit Plans - Actuarial Assumptions Used (Details)	12 Months Ended
Benefit Plans - Actuarial Assumptions Used (Details)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.50%
Pension
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.50%	4.90%	5.10%
Rate of compensation increase	0.00%	0.00%	0.00%
Expected return on plan assets	6.00%	6.00%	6.00%
Medical and life insurance benefits cost rate of increase	0.00%	0.00%	0.00%
Post-retirement
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.50%	4.90%	5.10%
Rate of compensation increase	0.00%	0.00%	0.00%
Expected return on plan assets	0.00%	0.00%	0.00%
Medical and life insurance benefits cost rate of increase	5.00%	5.50%	6.00%

Benefit Plans - Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rate (Details) - Post-retirement $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Effect on total service cost and interest cost, 1% increase	$ 60
Effect on post-retirement benefits obligation, 1% increase	1,100
Effect on total service cost and interest cost, 1% decrease	(55)
Effect on post-retirement benefits obligation, 1% decrease	$ (950)

Benefit Plans - Estimated Future Benefit Payments (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Pension
Defined Benefit Plan Disclosure [Line Items]
2025	$ 1,759
2026	1,769
2027	1,786
2028	1,791
2029	1,803
Post-retirement
Defined Benefit Plan Disclosure [Line Items]
2025	751
2026	756
2027	777
2028	785
2029	$ 800

Benefit Plans - Weighted-Average Asset Allocation of Pension Plan Assets (Details) - Pension	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocation (as a percent)	100.00%	100.00%
Domestic equities
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocation (as a percent)	37.00%	38.00%
Foreign equities
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocation (as a percent)	11.00%	11.00%
Fixed income
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocation (as a percent)	50.00%	49.00%
Real estate
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocation (as a percent)	2.00%	2.00%
Cash
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocation (as a percent)	0.00%	0.00%

Benefit Plans - Target Allocation of Assets and Acceptable Ranges (Details) - Pension	Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]
Target allocation of assets (as a percent)	100.00%
Domestic equities
Defined Benefit Plan Disclosure [Line Items]
Target allocation of assets (as a percent)	37.00%
Domestic equities \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Allowable range of assets (as a percent)	30.00%
Domestic equities \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Allowable range of assets (as a percent)	41.00%
Foreign equities
Defined Benefit Plan Disclosure [Line Items]
Target allocation of assets (as a percent)	11.00%
Foreign equities \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Allowable range of assets (as a percent)	5.00%
Foreign equities \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Allowable range of assets (as a percent)	13.00%
Fixed income
Defined Benefit Plan Disclosure [Line Items]
Target allocation of assets (as a percent)	50.00%
Fixed income \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Allowable range of assets (as a percent)	40.00%
Fixed income \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Allowable range of assets (as a percent)	65.00%
Real estate
Defined Benefit Plan Disclosure [Line Items]
Target allocation of assets (as a percent)	2.00%
Real estate \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Allowable range of assets (as a percent)	0.00%
Real estate \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Allowable range of assets (as a percent)	4.00%
Cash
Defined Benefit Plan Disclosure [Line Items]
Target allocation of assets (as a percent)	0.00%
Allowable range of assets (as a percent)	0.00%

Benefit Plans - Assets Measured at Fair Value on Recurring Basis (Details) - Pension - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Total investments	$ 55,870	$ 52,734	$ 47,930	$ 58,451
Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Total investments	36,563	34,132
Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments	19,307	18,602
Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Group annuity contracts
Defined Benefit Plan Disclosure [Line Items]
Total investments	73	76
Group annuity contracts \| Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Group annuity contracts \| Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments	73	76
Group annuity contracts \| Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Total mutual funds
Defined Benefit Plan Disclosure [Line Items]
Total investments	36,563	34,132
Total mutual funds \| Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Total investments	36,563	34,132
Total mutual funds \| Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Total mutual funds \| Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Fixed income
Defined Benefit Plan Disclosure [Line Items]
Total investments	27,740	25,728
Fixed income \| Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Total investments	27,740	25,728
Fixed income \| Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Fixed income \| Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
International equity
Defined Benefit Plan Disclosure [Line Items]
Total investments	6,042	5,713
International equity \| Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Total investments	6,042	5,713
International equity \| Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
International equity \| Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Large U.S. equity
Defined Benefit Plan Disclosure [Line Items]
Total investments	1,654	1,577
Large U.S. equity \| Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Total investments	1,654	1,577
Large U.S. equity \| Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Large U.S. equity \| Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Small/Mid U.S. equity
Defined Benefit Plan Disclosure [Line Items]
Total investments	1,127	1,114
Small/Mid U.S. equity \| Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Total investments	1,127	1,114
Small/Mid U.S. equity \| Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Small/Mid U.S. equity \| Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Pooled separate accounts
Defined Benefit Plan Disclosure [Line Items]
Total investments	19,234	18,526
Pooled separate accounts \| Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Total investments	0	0
Pooled separate accounts \| Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments	19,234	18,526
Pooled separate accounts \| Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Total investments	$ 0	$ 0

Benefit Plans - Status of Unvested Stock Awards (Details) - shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted stock awards, outstanding at beginning of year (in shares)	1,053,092	1,023,130	900,483
Granted (in shares)	901,360	427,053	447,526
Forfeited (in shares)	(428,307)	(328,761)	(105,556)
Vested (in shares)	(63,307)	(68,330)	(219,323)
Restricted stock awards, outstanding at the end of year (in shares)	1,462,838	1,053,092	1,023,130

Benefit Plans - Status of Unexercised Stock Options (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Number of stock options
Number of stock options, outstanding at beginning of year (in shares)	548,925	600,806	566,453
Number of stock options, granted (in shares)	0	0	34,353
Number of stock options, exercised (in shares)	0	(51,881)	0
Number of stock options, forfeited (in shares)	0	0	0
Number of stock options, expired (in shares)	(80,762)	0	0
Number of stock options, outstanding at the end of year (in shares)	468,163	548,925	600,806
Weighted average exercise price
Weighted average exercise price, outstanding at beginning of year (in dollars per share)	$ 19.37	$ 19.01	$ 18.73
Weighted average exercise price, granted (in dollars per share)	0	0	23.70
Weighted average exercise price, exercised (in dollars per share)	0	15.23	0
Weighted average exercise price, forfeited (in dollars per share)	0	0	0
Weighted average exercise price, expired (in dollars per share)	16.38	0	0
Weighted average exercise price, outstanding at the end of year (in dollars per share)	$ 19.89	$ 19.37	$ 19.01

Benefit Plans - Stock Options Outstanding (Details)	12 Months Ended
Benefit Plans - Stock Options Outstanding (Details)	Dec. 31, 2024 $ / shares shares
$18.34-18.70
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of exercise prices, minimum (in dollars per share)	$ 18.34
Range of exercise prices, maximum (in dollars per share)	$ 18.7
Number of options outstanding (in shares) \| shares	142,299
Average remaining contractual life	1 year 1 month 6 days
Options Outstanding, weighted average exercise price (in dollars per share)	$ 18.53
Number of options exercisable (in shares) \| shares	142,299
Options exercisable, weighted average exercise price (in dollars per share)	$ 18.53
$20.62-27.25
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of exercise prices, minimum (in dollars per share)	20.62
Range of exercise prices, maximum (in dollars per share)	$ 27.25
Number of options outstanding (in shares) \| shares	325,864
Average remaining contractual life	4 years 9 months 18 days
Options Outstanding, weighted average exercise price (in dollars per share)	$ 23.20
Number of options exercisable (in shares) \| shares	314,413
Options exercisable, weighted average exercise price (in dollars per share)	$ 23.19

Income Taxes - Current and Deferred Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Current:
Federal	$ 30,510	$ 31,972	$ 41,379
State	15,851	12,684	20,859
Total current income tax expense	46,361	44,656	62,238
Deferred:
Federal	(1,406)	905	1,825
State	(10,865)	1,820	395
Total deferred income tax expense	(12,271)	2,725	2,220
Total income tax expense	$ 34,090	$ 47,381	$ 64,458

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Operating Loss Carryforwards [Line Items]
Accumulated other comprehensive income, deferred tax (benefit) expense	$ (5,000)	$ 11,100	$ (68,200)
Accumulated other comprehensive income, deferred tax (benefit) expense	(2,000)	(3,900)	6,200
Accumulated other comprehensive income, a deferred tax expense (benefit)	1,100	$ 884	$ (517)
Retained earnings amount for which no provision for income tax has been made	51,800
Unrecognized tax liability	14,700
Federal
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, limitations on use	197
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, limitations on use	30,000
Beacon Trust
Operating Loss Carryforwards [Line Items]
Unused capital loss carryforwards	6,600
Net operating loss, subject to expiration	$ 653
Operating loss carryforwards, limitations (as a percent)	80.00%
Beacon Trust \| State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Unused capital loss carryforwards	$ 61,900

Income Taxes - Reconciliation From Statutory Rate to Effective Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Tax expense at statutory rates	$ 31,419	$ 36,932	$ 50,422
Increase (decrease) in taxes resulting from:
State tax, net of federal income tax benefit	11,027	11,313	16,791
Rate Change	(7,008)	0	0
Tax-exempt interest income	(2,861)	(2,514)	(2,590)
Bank-owned life insurance	(2,459)	(1,361)	(1,257)
Other, net	3,972	3,011	1,092
Total income tax expense	$ 34,090	$ 47,381	$ 64,458

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deferred tax assets:
Allowance for credit losses on loans	$ 54,931	$ 28,404
Allowance for credit loss on off-balance sheet ("OBS") credit exposure	1,998	924
Post-retirement benefit	5,485	5,758
Deferred compensation	2,926	384
Purchase accounting adjustments	105,950	0
Depreciation	4,836	1,126
SERP	1,991	1,137
ESOP	0	402
Stock-based compensation	3,694	2,963
Non-accrual interest	807	172
State Net Operating Loss ("NOL")	2,268	0
Federal NOL	1,389	160
Unrealized losses on available for sale debt securities	66,646	57,198
Lease liability	18,489	15,914
Other	4,666	112
Total gross deferred tax assets	276,076	114,654
Deferred tax liabilities:
Pension expense	10,161	8,997
Contingent consideration	436	283
Deferred loan costs	17,668	11,376
Investment securities, principally due to accretion of discounts	71	66
Purchase accounting adjustments	0	371
Intangibles	2,151	1,620
Originated mortgage servicing rights	129	147
Pension liability adjustments	2,546	1,459
Net unrealized gain on hedging activities	1,641	3,674
Lease right-of-use asset	17,648	15,084
Total gross deferred tax liabilities	52,451	43,077
Net deferred tax asset	$ 223,625	$ 71,577

Commitments and Concentrations of Credit Risk (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Loan commitments	$ 2,730.0	$ 2,090.0
Undisbursed home equity and personal credit lines	$ 382.1	$ 273.0

Contingencies (Details) $ in Millions	3 Months Ended
Contingencies (Details) $ in Millions	Dec. 31, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Contingent litigation reserves	$ 1.4
Total contingent litigation reserve	$ 2.0

Regulatory Capital Requirements - Narrative (Details)	12 Months Ended
Regulatory Capital Requirements - Narrative (Details)	Dec. 31, 2024	Dec. 31, 2023
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer, percentage of common equity Tier 1 capital to risk-weighted assets	2.50%
FDIC
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 leverage capital, minimum capital adequacy requirements, ratio	0.04	0.0400
Common equity Tier 1 capital to risk-based assets ratio	4.50%	4.50%
Tier 1 risk-based capital, minimum capital adequacy requirements, ratio	0.0600	0.0600
Total risk-based capital, minimum capital adequacy requirements, ratio	0.0800	0.0800
Tier 1 leverage capital, To be well-capitalized under prompt corrective action provisions, ratio	0.0500	0.0500
Common equity Tier 1 risk-based capital ratio	6.50%	6.50%
Tier 1 risk-based capital, To be well-capitalized under prompt corrective action provisions, ratio	0.0800	0.0800
Total risk-based capital, to be well-capitalized under prompt corrective action provisions, ratio	0.1000	0.1000

Regulatory Capital Requirements - Actual Capital Amounts and Ratios and FDIC Minimum Capital Adequacy Requirements (Details) $ in Thousands	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
FRB
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 leverage capital, actual amount	$ 1,984,052	$ 1,396,512
Tier 1 leverage capital, actual ratio	0.0850	0.1022
Tier 1 leverage capital, minimum capital adequacy requirements, amount	$ 933,491	$ 546,662
Tier 1 leverage capital, minimum capital adequacy requirements, ratio	0.0400	0.0400
Tier 1 leverage capital, minimum capital adequacy requirements with capital conservation buffer, amount	$ 933,491	$ 546,662
Tier 1 leverage capital, minimum capital adequacy requirements with capital conservation buffer, ratio	4.00%	4.00%
Tier 1 leverage capital, To be well-capitalized under prompt corrective action provisions, amount	$ 1,166,864	$ 683,327
Tier 1 leverage capital, To be well-capitalized under prompt corrective action provisions, ratio	0.0500	0.0500
Common equity Tier 1 risk-based capital, actual amount	$ 1,984,052	$ 1,383,625
Common equity Tier 1 risk-based capital, actual ratio	9.98%	11.45%
Common equity Tier 1 risk-based capital, minimum capital adequacy requirement, amount	$ 894,957	$ 543,720
Common equity Tier 1 risk-based capital, minimum capital adequacy requirement, ratio	4.50%	4.50%
Common equity Tier 1 risk-based capital, minimum capital adequacy requirement with capital conversation buffer, amount	$ 1,392,156	$ 845,786
Common equity Tier 1 risk-based capital, minimum capital adequacy requirement with capital conversation buffer, ratio	7.00%	7.00%
Common equity Tier 1 risk-based capital, To be well-capitalized under prompt corrective action provisions, amount	$ 1,292,716	$ 785,373
Common equity Tier 1 risk-based capital, To be well-capitalized under prompt corrective action provisions, ratio	6.50%	6.50%
Tier 1 risk-based capital, actual amount	$ 1,984,052	$ 1,396,512
Tier 1 risk-based capital, actual ratio	0.0998	0.1156
Tier 1 risk-based capital, minimum capital adequacy requirements, amount	$ 1,193,276	$ 724,959
Tier 1 risk-based capital, minimum capital adequacy requirements, ratio	0.0600	0.0600
Tier 1 risk-based capital, minimum capital adequacy requirements with capital conversation buffer, amount	$ 1,690,475	$ 1,027,026
Tier 1 risk-based capital, minimum capital adequacy requirements with capital conversation buffer, ratio	8.50%	8.50%
Tier 1 risk-based capital, To be well-capitalized under prompt corrective action provisions, amount	$ 1,591,035	$ 966,612
Tier 1 risk-based capital, To be well-capitalized under prompt corrective action provisions, ratio	0.0800	0.0800
Total risk-based capital, actual amount	$ 2,614,625	$ 1,496,545
Total risk-based capital, actual ratio	0.1315	0.1239
Total risk-based capital, minimum capital adequacy requirements, amount	$ 1,591,035	$ 966,612
Total risk-based capital, minimum capital adequacy requirements, ratio	0.0800	0.0800
Total risk-based capital, minimum capital adequacy requirements with capital conversation buffer, amount	$ 2,088,233	$ 1,268,679
Total risk-based capital, minimum capital adequacy requirements with capital conversation buffer, ratio	10.50%	10.50%
Total risk-based capital, to be well-capitalized under prompt corrective action provisions, amount	$ 1,988,794	$ 1,208,266
Total risk-based capital, to be well-capitalized under prompt corrective action provisions, ratio	0.1000	0.1000
FDIC
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 leverage capital, actual amount	$ 2,265,907	$ 1,343,223
Tier 1 leverage capital, actual ratio	0.0972	0.0984
Tier 1 leverage capital, minimum capital adequacy requirements, amount	$ 932,593	$ 546,168
Tier 1 leverage capital, minimum capital adequacy requirements, ratio	0.04	0.0400
Tier 1 leverage capital, minimum capital adequacy requirements with capital conservation buffer, amount	$ 932,593	$ 546,168
Tier 1 leverage capital, minimum capital adequacy requirements with capital conservation buffer, ratio	4.00%	4.00%
Tier 1 leverage capital, To be well-capitalized under prompt corrective action provisions, amount	$ 1,165,742	$ 682,709
Tier 1 leverage capital, To be well-capitalized under prompt corrective action provisions, ratio	0.0500	0.0500
Common equity Tier 1 risk-based capital, actual amount	$ 2,265,907	$ 1,343,223
Common equity Tier 1 risk-based capital, actual ratio	11.42%	11.12%
Common equity Tier 1 risk-based capital, minimum capital adequacy requirement, amount	$ 892,544	$ 543,465
Common equity Tier 1 risk-based capital, minimum capital adequacy requirement, ratio	4.50%	4.50%
Common equity Tier 1 risk-based capital, minimum capital adequacy requirement with capital conversation buffer, amount	$ 1,388,402	$ 845,390
Common equity Tier 1 risk-based capital, minimum capital adequacy requirement with capital conversation buffer, ratio	7.00%	7.00%
Common equity Tier 1 risk-based capital, To be well-capitalized under prompt corrective action provisions, amount	$ 1,289,231	$ 785,005
Common equity Tier 1 risk-based capital, To be well-capitalized under prompt corrective action provisions, ratio	6.50%	6.50%
Tier 1 risk-based capital, actual amount	$ 2,265,907	$ 1,343,223
Tier 1 risk-based capital, actual ratio	0.1142	0.1112
Tier 1 risk-based capital, minimum capital adequacy requirements, amount	$ 1,190,059	$ 724,620
Tier 1 risk-based capital, minimum capital adequacy requirements, ratio	0.0600	0.0600
Tier 1 risk-based capital, minimum capital adequacy requirements with capital conversation buffer, amount	$ 1,685,917	$ 1,026,545
Tier 1 risk-based capital, minimum capital adequacy requirements with capital conversation buffer, ratio	8.50%	8.50%
Tier 1 risk-based capital, To be well-capitalized under prompt corrective action provisions, amount	$ 1,586,745	$ 966,160
Tier 1 risk-based capital, To be well-capitalized under prompt corrective action provisions, ratio	0.0800	0.0800
Total risk-based capital, actual amount	$ 2,458,799	$ 1,443,256
Total risk-based capital, actual ratio	0.1240	0.1195
Total risk-based capital, minimum capital adequacy requirements, amount	$ 1,586,745	$ 966,160
Total risk-based capital, minimum capital adequacy requirements, ratio	0.0800	0.0800
Total risk-based capital, minimum capital adequacy requirements with capital conversation buffer, amount	$ 2,082,603	$ 1,268,085
Total risk-based capital, minimum capital adequacy requirements with capital conversation buffer, ratio	10.50%	10.50%
Total risk-based capital, to be well-capitalized under prompt corrective action provisions, amount	$ 1,983,432	$ 1,207,700
Total risk-based capital, to be well-capitalized under prompt corrective action provisions, ratio	0.1000	0.1000

Allowance for Credit Losses on Off-Balance Sheet Credit Exposures (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Credit Loss [Abstract]
Provision charge (benefit) for credit losses on off-balance sheet credit exposures	$ 4,000	$ 264	$ (3,400)
Allowance for credit loss	$ 7,400	$ 3,400

Fair Value Measurements - Narrative (Details) $ in Thousands	Dec. 31, 2024 USD ($) security	Dec. 31, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Restricted cash \| $	$ 70	$ 70
Minimum \| Measurement Input, Cost to Sell \| Valuation, Market Approach
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, measurement input (as a percent)	0.05
Foreclosed assets, measurement input (as a percent)	0.05
Maximum \| Measurement Input, Cost to Sell \| Valuation, Market Approach
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, measurement input (as a percent)	0.10
Foreclosed assets, measurement input (as a percent)	0.10

Fair Value Measurements - Assets and Liabilities at Fair Values (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	$ 2,768,915	$ 1,690,112
Equity Securities	19,110	1,270
Derivative assets	179,332	105,164
Derivative liabilities	174,548	90,834
Foreclosed assets	9,473	11,651
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	330,598	253,878
Equity Securities	19,110	1,270
Derivative assets	0	0
Derivative liabilities	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	2,438,317	1,436,234
Equity Securities	0	0
Derivative assets	188,940	101,754
Derivative liabilities	172,601	88,835
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Equity Securities	0	0
Derivative assets	0	0
Derivative liabilities	0	0
Measured on a Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	2,768,915	1,690,112
Equity Securities	19,110	1,270
Derivative assets	188,940	101,754
Assets, fair value disclosure	2,976,965	1,793,136
Derivative liabilities	172,601	88,835
Measured on a Recurring Basis \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	330,598	253,878
Equity Securities	19,110	1,270
Derivative assets	0	0
Assets, fair value disclosure	349,708	255,148
Derivative liabilities	0	0
Measured on a Recurring Basis \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	2,438,317	1,436,234
Equity Securities	0	0
Derivative assets	188,940	101,754
Assets, fair value disclosure	2,627,257	1,537,988
Derivative liabilities	172,601	88,835
Measured on a Recurring Basis \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Equity Securities	0	0
Derivative assets	0	0
Assets, fair value disclosure	0	0
Derivative liabilities	0	0
Measured on a Non-Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	20,496	35,790
Loans measured for impairment based on the fair value of the underlying collateral	11,023	24,139
Foreclosed assets	9,473	11,651
Measured on a Non-Recurring Basis \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	0	0
Loans measured for impairment based on the fair value of the underlying collateral	0	0
Foreclosed assets	0	0
Measured on a Non-Recurring Basis \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	0	0
Loans measured for impairment based on the fair value of the underlying collateral	0	0
Foreclosed assets	0	0
Measured on a Non-Recurring Basis \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	20,496	35,790
Loans measured for impairment based on the fair value of the underlying collateral	11,023	24,139
Foreclosed assets	9,473	11,651
U.S. Treasury obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	330,598	253,878
U.S. Treasury obligations \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	330,598	253,878
U.S. Treasury obligations \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
U.S. Treasury obligations \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
U.S. Treasury obligations \| Measured on a Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	330,598	253,878
U.S. Treasury obligations \| Measured on a Recurring Basis \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	330,598	253,878
U.S. Treasury obligations \| Measured on a Recurring Basis \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
U.S. Treasury obligations \| Measured on a Recurring Basis \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Government-agency obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	107,235	27,498
Government-agency obligations \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Government-agency obligations \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	107,235	27,498
Government-agency obligations \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Government-agency obligations \| Measured on a Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	107,235	27,498
Government-agency obligations \| Measured on a Recurring Basis \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Government-agency obligations \| Measured on a Recurring Basis \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	107,235	27,498
Government-agency obligations \| Measured on a Recurring Basis \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	2,062,159	1,285,609
Mortgage-backed securities \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Mortgage-backed securities \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	2,062,159	1,285,609
Mortgage-backed securities \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Mortgage-backed securities \| Measured on a Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	2,062,159	1,285,609
Mortgage-backed securities \| Measured on a Recurring Basis \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Mortgage-backed securities \| Measured on a Recurring Basis \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	2,062,159	1,285,609
Mortgage-backed securities \| Measured on a Recurring Basis \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	47,563	32,235
Asset-backed securities \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Asset-backed securities \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	47,563	32,235
Asset-backed securities \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Asset-backed securities \| Measured on a Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	47,563	32,235
Asset-backed securities \| Measured on a Recurring Basis \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Asset-backed securities \| Measured on a Recurring Basis \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	47,563	32,235
Asset-backed securities \| Measured on a Recurring Basis \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
State and municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	116,917	56,584
State and municipal obligations \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
State and municipal obligations \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	116,917	56,584
State and municipal obligations \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
State and municipal obligations \| Measured on a Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	116,917	56,584
State and municipal obligations \| Measured on a Recurring Basis \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
State and municipal obligations \| Measured on a Recurring Basis \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	116,917	56,584
State and municipal obligations \| Measured on a Recurring Basis \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Corporate obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	104,443	34,308
Corporate obligations \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Corporate obligations \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	104,443	34,308
Corporate obligations \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Corporate obligations \| Measured on a Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	104,443	34,308
Corporate obligations \| Measured on a Recurring Basis \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	0	0
Corporate obligations \| Measured on a Recurring Basis \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	104,443	34,308
Corporate obligations \| Measured on a Recurring Basis \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities, at fair value	$ 0	$ 0

Fair Value Measurements - Financial Instruments, Carrying and Fair Values (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financial assets:
Cash and cash equivalents	$ 205,869	$ 180,185	$ 186,438	$ 685,163
Available for sale debt securities, at fair value	2,768,915	1,690,112
Held-to-maturity, debt securities	313,733	352,601
Equity Securities	19,110	1,270
Loans, net of allowance for credit losses	18,628,391	10,766,501
Derivative assets	179,332	105,164
Financial liabilities:
Certificates of deposit	3,168,155	1,095,942
Total deposits	18,623,813	10,292,514
Borrowings	2,020,435	1,970,033
Subordinated debentures	401,608	10,695
Derivative liabilities	174,548	90,834
U.S. Treasury obligations
Financial assets:
Available for sale debt securities, at fair value	330,598	253,878
Held-to-maturity, debt securities		5,147
Government-agency obligations
Financial assets:
Available for sale debt securities, at fair value	107,235	27,498
Held-to-maturity, debt securities	9,707	10,406
Mortgage-backed securities
Financial assets:
Available for sale debt securities, at fair value	2,062,159	1,285,609
Asset-backed securities
Financial assets:
Available for sale debt securities, at fair value	47,563	32,235
State and municipal obligations
Financial assets:
Available for sale debt securities, at fair value	116,917	56,584
Held-to-maturity, debt securities	297,674	330,360
Corporate obligations
Financial assets:
Available for sale debt securities, at fair value	104,443	34,308
Held-to-maturity, debt securities	6,352	6,688
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Cash and cash equivalents	205,939	180,255
Available for sale debt securities, at fair value	330,598	253,878
Held-to-maturity, debt securities	0	15,552
FHLBNY and other stock	112,767	79,217
Equity Securities	19,110	1,270
Loans, net of allowance for credit losses	0	0
Derivative assets	0	0
Financial liabilities:
Deposits other than certificates of deposits	15,455,658	9,196,572
Certificates of deposit	0	0
Total deposits	15,455,658	9,196,572
Borrowings	0	0
Subordinated debentures	0	0
Derivative liabilities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| U.S. Treasury obligations
Financial assets:
Available for sale debt securities, at fair value	330,598	253,878
Held-to-maturity, debt securities		5,146
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Government-agency obligations
Financial assets:
Available for sale debt securities, at fair value	0	0
Held-to-maturity, debt securities	0	10,406
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Mortgage-backed securities
Financial assets:
Available for sale debt securities, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Asset-backed securities
Financial assets:
Available for sale debt securities, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| State and municipal obligations
Financial assets:
Available for sale debt securities, at fair value	0	0
Held-to-maturity, debt securities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Corporate obligations
Financial assets:
Available for sale debt securities, at fair value	0	0
Held-to-maturity, debt securities	0	0
Significant Other Observable Inputs (Level 2)
Financial assets:
Cash and cash equivalents	0	0
Available for sale debt securities, at fair value	2,438,317	1,436,234
Held-to-maturity, debt securities	313,733	337,048
FHLBNY and other stock	0	0
Equity Securities	0	0
Loans, net of allowance for credit losses	0	0
Derivative assets	188,940	101,754
Financial liabilities:
Deposits other than certificates of deposits	0	0
Certificates of deposit	3,168,216	1,093,125
Total deposits	3,168,216	1,093,125
Borrowings	2,017,013	1,960,174
Subordinated debentures	423,675	9,198
Derivative liabilities	172,601	88,835
Significant Other Observable Inputs (Level 2) \| U.S. Treasury obligations
Financial assets:
Available for sale debt securities, at fair value	0	0
Held-to-maturity, debt securities		0
Significant Other Observable Inputs (Level 2) \| Government-agency obligations
Financial assets:
Available for sale debt securities, at fair value	107,235	27,498
Held-to-maturity, debt securities	9,707	0
Significant Other Observable Inputs (Level 2) \| Mortgage-backed securities
Financial assets:
Available for sale debt securities, at fair value	2,062,159	1,285,609
Significant Other Observable Inputs (Level 2) \| Asset-backed securities
Financial assets:
Available for sale debt securities, at fair value	47,563	32,235
Significant Other Observable Inputs (Level 2) \| State and municipal obligations
Financial assets:
Available for sale debt securities, at fair value	116,917	56,584
Held-to-maturity, debt securities	297,674	330,360
Significant Other Observable Inputs (Level 2) \| Corporate obligations
Financial assets:
Available for sale debt securities, at fair value	104,443	34,308
Held-to-maturity, debt securities	6,352	6,688
Significant Unobservable Inputs (Level 3)
Financial assets:
Cash and cash equivalents	0	0
Available for sale debt securities, at fair value	0	0
Held-to-maturity, debt securities	0	0
FHLBNY and other stock	0	0
Equity Securities	0	0
Loans, net of allowance for credit losses	18,442,167	10,437,204
Derivative assets	0	0
Financial liabilities:
Deposits other than certificates of deposits	0	0
Certificates of deposit	0	0
Total deposits	0	0
Borrowings	0	0
Subordinated debentures	0	0
Derivative liabilities	0	0
Significant Unobservable Inputs (Level 3) \| U.S. Treasury obligations
Financial assets:
Available for sale debt securities, at fair value	0	0
Held-to-maturity, debt securities		0
Significant Unobservable Inputs (Level 3) \| Government-agency obligations
Financial assets:
Available for sale debt securities, at fair value	0	0
Held-to-maturity, debt securities	0	0
Significant Unobservable Inputs (Level 3) \| Mortgage-backed securities
Financial assets:
Available for sale debt securities, at fair value	0	0
Significant Unobservable Inputs (Level 3) \| Asset-backed securities
Financial assets:
Available for sale debt securities, at fair value	0	0
Significant Unobservable Inputs (Level 3) \| State and municipal obligations
Financial assets:
Available for sale debt securities, at fair value	0	0
Held-to-maturity, debt securities	0	0
Significant Unobservable Inputs (Level 3) \| Corporate obligations
Financial assets:
Available for sale debt securities, at fair value	0	0
Held-to-maturity, debt securities	0	0
Carrying Value
Financial assets:
Cash and cash equivalents	205,939	180,255
Available for sale debt securities, at fair value	2,768,915	1,690,112
Held-to-maturity, debt securities	327,623	363,080
FHLBNY and other stock	112,767	79,217
Equity Securities	19,110	1,270
Loans, net of allowance for credit losses	18,628,391	10,766,501
Derivative assets	188,940	101,754
Financial liabilities:
Deposits other than certificates of deposits	15,455,658	9,196,572
Certificates of deposit	3,168,155	1,095,942
Total deposits	18,623,813	10,292,514
Borrowings	2,020,435	1,970,033
Subordinated debentures	401,608	10,695
Derivative liabilities	172,601	88,835
Carrying Value \| U.S. Treasury obligations
Financial assets:
Available for sale debt securities, at fair value	330,598	253,878
Held-to-maturity, debt securities		5,146
Carrying Value \| Government-agency obligations
Financial assets:
Available for sale debt securities, at fair value	107,235	27,498
Held-to-maturity, debt securities	9,999	11,058
Carrying Value \| Mortgage-backed securities
Financial assets:
Available for sale debt securities, at fair value	2,062,159	1,285,609
Carrying Value \| Asset-backed securities
Financial assets:
Available for sale debt securities, at fair value	47,563	32,235
Carrying Value \| State and municipal obligations
Financial assets:
Available for sale debt securities, at fair value	116,917	56,584
Held-to-maturity, debt securities	311,106	339,789
Carrying Value \| Corporate obligations
Financial assets:
Available for sale debt securities, at fair value	104,443	34,308
Held-to-maturity, debt securities	6,518	7,087
Fair Value
Financial assets:
Cash and cash equivalents	205,939	180,255
Available for sale debt securities, at fair value	2,768,915	1,690,112
Held-to-maturity, debt securities	313,733	352,600
FHLBNY and other stock	112,767	79,217
Equity Securities	19,110	1,270
Loans, net of allowance for credit losses	18,442,167	10,437,204
Derivative assets	188,940	101,754
Financial liabilities:
Deposits other than certificates of deposits	15,455,658	9,196,572
Certificates of deposit	3,168,216	1,093,125
Total deposits	18,623,874	10,289,697
Borrowings	2,017,013	1,960,174
Subordinated debentures	423,675	9,198
Derivative liabilities	172,601	88,835
Fair Value \| U.S. Treasury obligations
Financial assets:
Available for sale debt securities, at fair value	330,598	253,878
Held-to-maturity, debt securities		5,146
Fair Value \| Government-agency obligations
Financial assets:
Available for sale debt securities, at fair value	107,235	27,498
Held-to-maturity, debt securities	9,707	10,406
Fair Value \| Mortgage-backed securities
Financial assets:
Available for sale debt securities, at fair value	2,062,159	1,285,609
Fair Value \| Asset-backed securities
Financial assets:
Available for sale debt securities, at fair value	47,563	32,235
Fair Value \| State and municipal obligations
Financial assets:
Available for sale debt securities, at fair value	116,917	56,584
Held-to-maturity, debt securities	297,674	330,360
Fair Value \| Corporate obligations
Financial assets:
Available for sale debt securities, at fair value	104,443	34,308
Held-to-maturity, debt securities	$ 6,352	$ 6,688

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Earnings Per Share [Abstract]
Net income	$ 115,525	$ 128,398	$ 175,648
Basic weighted average common shares outstanding (in shares)	109,668,911	74,844,489	74,700,623
Dilutive shares (in shares)	43,821	28,767	81,747
Diluted weighted average common shares outstanding (in shares)	109,712,732	74,873,256	74,782,370
Earnings per share:
Basic (in dollars per share)	$ 1.05	$ 1.72	$ 2.35
Diluted (in dollars per share)	$ 1.05	$ 1.71	$ 2.35
Anti-dilutive stock options and awards excluded from computation of earnings per share (in shares)	1,447,878	1,222,890	884,333

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-52

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-15

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-10

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-7

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-52

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-15

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-7

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-10

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

Parent-only Financial Information - Financial Condition (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 205,914	$ 180,241
Available for sale debt securities, at fair value	2,768,915	1,690,112
Other assets	543,702	287,768
Total assets	24,051,825	14,210,810
Liabilities and Stockholders’ Equity
Other liabilities	362,515	210,134
Subordinated debentures	401,608	10,695
Total stockholders’ equity	2,601,207	1,690,596	$ 1,597,703	$ 1,697,096
Total liabilities and stockholders’ equity	24,051,825	14,210,810
Provident Financial Services, Inc.
Assets
Cash and due from banks	47,677	7,948
Available for sale debt securities, at fair value	1,241	1,084
Investment in subsidiary	2,883,062	1,652,767
ESOP loan	0	6,411
Other assets	13,382	4,571
Total assets	3,007,198	1,701,458
Liabilities and Stockholders’ Equity
Other liabilities	4,383	167
Subordinated debentures	401,608	10,695
Total stockholders’ equity	2,601,207	1,690,596
Total liabilities and stockholders’ equity	3,007,198	1,701,458
Provident Financial Services, Inc. \| Related Party
Assets
Due from subsidiary—SAP	$ 61,836	$ 28,677

Parent-only Financial Information - Statements of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Condensed Financial Statements, Captions [Line Items]
Total interest and dividend income	$ 1,046,138	$ 615,820	$ 466,181
Interest expense on subordinated debentures	22,478	1,051	615
Non-interest expense	457,548	275,336	260,231
Income tax expense	34,090	47,381	64,458
Net income	115,525	128,398	175,648
Provident Financial Services, Inc.
Condensed Financial Statements, Captions [Line Items]
Dividends from subsidiary	105,406	61,213	109,013
Interest income	324	529	785
Investment gain	157	169	178
Total interest and dividend income	105,887	61,911	109,976
Interest expense on subordinated debentures	22,478	1,051	615
Non-interest expense	2,156	2,200	1,451
Total expense	24,634	3,251	2,066
Income before income tax expense	81,253	58,660	107,910
Income tax expense	0	247	0
Income before undistributed net income of subsidiary	81,253	58,413	107,910
Earnings in excess of dividends (equity in undistributed net income) of subsidiary	34,272	69,985	67,738
Net income	$ 115,525	$ 128,398	$ 175,648

Parent-only Financial Information - Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net income	$ 115,525	$ 128,398	$ 175,648
Adjustments to reconcile net income to net cash provided by operating activities
ESOP allocation	2,601	3,086	4,140
SAP allocation	9,517	7,569	9,407
Stock option allocation	77	144	198
Increase (decrease) in other assets	23,214	25,085	(56,291)
Decrease (increase) in other liabilities	17,315	(29,007)	60,544
Net cash provided by operating activities	426,381	173,396	200,310
Cash flows from investing activities:
Cash received, net of cash consideration paid for acquisition	194,548	0	0
Net decrease in ESOP loan	0	2,017	0
Net cash provided by (used in) investing activities	507,674	(469,600)	(647,564)
Cash flows from financing activities:
Purchases of treasury stock	0	0	(46,530)
Purchase of employee restricted shares to fund statutory tax withholding	(1,323)	(1,678)	(1,021)
Cash dividends paid	(100,956)	(72,447)	(72,023)
Stock options exercised	0	790	0
Net cash (used in) provided by financing activities	(908,371)	289,951	(78,701)
Net increase (decrease) in cash and cash equivalents	25,684	(6,253)	(525,955)
Total cash, cash equivalents and restricted cash at beginning of period	180,255	186,508	712,463
Total cash, cash equivalents and restricted cash at end of period	205,939	180,255	186,508
Provident Financial Services, Inc.
Cash flows from operating activities:
Net income	115,525	128,398	175,648
Adjustments to reconcile net income to net cash provided by operating activities
Earnings in excess of dividends (equity in undistributed net income) of subsidiary	(34,272)	(69,985)	(67,738)
ESOP allocation	2,601	3,086	4,140
SAP allocation	9,517	7,569	9,407
Stock option allocation	77	144	198
(Increase) decrease in due from subsidiary—SAP	(33,159)	5,762	3,847
Increase (decrease) in other assets	30,364	(11,317)	(13,817)
Decrease (increase) in other liabilities	4,216	(45)	(142)
Net cash provided by operating activities	94,869	63,612	111,543
Cash flows from investing activities:
Cash received, net of cash consideration paid for acquisition	0	0	0
Net decrease in ESOP loan	6,411	6,817	6,387
Net cash provided by (used in) investing activities	6,411	6,817	6,387
Cash flows from financing activities:
Purchases of treasury stock	0	0	(46,530)
Purchase of employee restricted shares to fund statutory tax withholding	(1,323)	(1,678)	(1,021)
Cash dividends paid	(100,956)	(72,447)	(72,023)
Reclassification of stock award shares	40,728	0	0
Shares issued dividend reinvestment plan	0	0	0
Stock options exercised	0	790	0
Net cash (used in) provided by financing activities	(61,551)	(73,335)	(119,574)
Net increase (decrease) in cash and cash equivalents	39,729	(2,906)	(1,644)
Total cash, cash equivalents and restricted cash at beginning of period	7,948	10,854	12,498
Total cash, cash equivalents and restricted cash at end of period	$ 47,677	$ 7,948	$ 10,854

Other Comprehensive Income (Loss) - Components of Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Before Tax
Total other comprehensive (loss) income	$ 8,241	$ 32,074	$ (234,848)
Tax Effect
Total other comprehensive (loss) income	(2,481)	(8,144)	62,940
After Tax
Total other comprehensive income (loss), net of tax	5,760	23,930	(171,908)
Unrealized Losses on Available for Sale Debt Securities
Before Tax
Net (losses) gains arising during the period	11,216	43,250	(254,591)
Reclassification adjustment for gains included in net income	2,986	0	(58)
Total other comprehensive (loss) income	14,202	43,250	(254,649)
Tax Effect
Net (losses) gains arising during the period	(3,375)	(11,125)	68,230
Reclassification adjustment for gains included in net income	(899)	0	16
Total other comprehensive (loss) income	(4,274)	(11,125)	68,246
After Tax
Net (losses) gains arising during the period	7,841	32,125	(186,361)
Reclassification adjustment for gains included in net income	2,087	0	(42)
Total other comprehensive income (loss), net of tax	9,928	32,125	(186,403)
Unrealized Gains on Derivatives (cash flow hedges)
Before Tax
Net (losses) gains arising during the period	4,547	3,288	26,231
Reclassification adjustment for gains included in net income	(13,670)	(17,713)	(4,504)
Total other comprehensive (loss) income	(9,123)	(14,425)	21,727
Tax Effect
Net (losses) gains arising during the period	(1,368)	(900)	(7,030)
Reclassification adjustment for gains included in net income	4,113	4,765	1,207
Total other comprehensive (loss) income	2,745	3,865	(5,823)
After Tax
Net (losses) gains arising during the period	3,179	2,388	19,201
Reclassification adjustment for gains included in net income	(9,557)	(12,948)	(3,297)
Total other comprehensive income (loss), net of tax	(6,378)	(10,560)	15,904
Post-Retirement Obligations
Before Tax
Reclassification adjustment for gains included in net income	3,162	3,249	(1,926)
Tax Effect
Reclassification adjustment for gains included in net income	(952)	(884)	517
After Tax
Reclassification adjustment for gains included in net income	2,210	2,365	$ (1,409)
Total other comprehensive income (loss), net of tax	$ 2,210	$ 2,365

Other Comprehensive Income (Loss) - Changes in Accumulated Other Comprehensive (Loss) Income, Net of Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Roll Forward]
Balance at the beginning of the period	$ 1,690,596	$ 1,597,703	$ 1,697,096
Current period change in other comprehensive (loss) income	5,760	23,930	(171,908)
Balance at the end of the period	2,601,207	1,690,596	1,597,703
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Roll Forward]
Balance at the beginning of the period	(141,115)	(165,045)	6,863
Current period change in other comprehensive (loss) income	5,760	23,930	(171,908)
Balance at the end of the period	(135,355)	(141,115)	(165,045)
Unrealized Losses on Available for Sale Debt Securities
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Roll Forward]
Balance at the beginning of the period	(154,489)	(186,614)
Current period change in other comprehensive (loss) income	9,928	32,125	(186,403)
Balance at the end of the period	(144,561)	(154,489)	(186,614)
Post-Retirement Obligations
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Roll Forward]
Balance at the beginning of the period	3,937	1,572
Current period change in other comprehensive (loss) income	2,210	2,365
Balance at the end of the period	6,147	3,937	1,572
Unrealized Gains on Derivatives (cash flow hedges)
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Roll Forward]
Balance at the beginning of the period	9,437	19,997
Current period change in other comprehensive (loss) income	(6,378)	(10,560)	15,904
Balance at the end of the period	$ 3,059	$ 9,437	$ 19,997

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.6-05(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480418/310-10-S99-2

+ Details

Other Comprehensive Income (Loss) - Reclassification Out of Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Net (loss) gain on securities transactions	$ (2,986)	$ 30	$ 181
Income tax expense	(34,090)	(47,381)	(64,458)
Compensation and employee benefits	(218,341)	(148,497)	(147,203)
Net of tax	115,525	128,398	175,648
Reclassifications Out of Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Net of tax	(13,085)	(13,985)	(4,293)
Available for sale debt securities: \| Reclassifications Out of Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Net (loss) gain on securities transactions	(2,986)	0	(58)
Income tax expense	899	0	16
Net of tax	(2,087)	0	(42)
Cash flow hedges: \| Reclassifications Out of Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income tax expense	4,113	4,765	1,207
Interest expense	(13,670)	(17,713)	(4,504)
Net of tax	(9,557)	(12,948)	(3,297)
Post-retirement obligations: \| Reclassifications Out of Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income tax expense	620	384	349
Compensation and employee benefits	(2,061)	(1,421)	(1,304)
Net of tax	$ (1,441)	$ (1,037)	$ (955)

Derivative and Hedging Activities - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) instrument counterparty	Dec. 31, 2023 USD ($) instrument
Derivative [Line Items]
Amount of collateral	$ 0	$ 0
Derivative assets	179,332	105,164
Derivative liabilities	174,548	$ 90,834
Amounts reclassified from AOCI to Income	$ 4,600
Number of counterparties \| counterparty	5
Designated as Hedging Instrument
Derivative [Line Items]
Number of derivative liability instruments held \| instrument	6
Aggregate notional amount for derivative liability	$ 300,000
Interest rate products \| Derivatives Not Designated as Hedging Instrument
Derivative [Line Items]
Number of derivative instruments held \| instrument	482	154
Aggregate notional amount	$ 4,540,000	$ 2,300,000
Aggregate notional amount for derivative liability	2,272,162	1,152,200
Interest rate products \| Designated as Hedging Instrument
Derivative [Line Items]
Aggregate notional amount for derivative liability	$ 75,000	$ 125,000
Credit contracts \| Derivatives Not Designated as Hedging Instrument
Derivative [Line Items]
Number of derivative instruments held \| instrument	9	12
Aggregate notional amount	$ 79,200	$ 142,800
Amount of collateral	70
Derivative assets	0	17
Derivative liabilities	0	8
Aggregate notional amount for derivative liability	$ 67,560	$ 96,462

Derivative and Hedging Activities - Offset Fair Value and Notional Amount (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Asset Derivatives
Asset derivatives	$ 179,332
Gross amounts offset on the balance sheet	0	$ 0
Net derivative amounts presented on the balance sheet	179,332	105,164
Financial instruments - institutional counterparties	2,255	0
Cash collateral - institutional counterparties	174,904	101,328
Net derivatives not offset	$ 2,173	$ 3,836
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Liability Derivatives
Liability derivatives	$ 174,548	$ 90,834
Gross amounts offset on the balance sheet	0	0
Net derivative amounts presented on the balance sheet	174,548	90,834
Financial instruments - institutional counterparties	2,255	0
Cash collateral - institutional counterparties	0	0
Net derivatives not offset	$ 172,293	$ 90,834
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Derivatives Not Designated as Hedging Instrument
Asset Derivatives
Asset derivatives	$ 174,196	$ 89,278
Liability Derivatives
Liability derivatives	174,344	89,469
Derivatives Not Designated as Hedging Instrument \| Interest rate products
Asset Derivatives
Notional Amount	2,272,162	1,152,200
Liability Derivatives
Notional Amount	2,272,162	1,152,200
Derivatives Not Designated as Hedging Instrument \| Credit contracts
Asset Derivatives
Notional Amount	11,662	46,359
Net derivative amounts presented on the balance sheet	0	17
Liability Derivatives
Notional Amount	67,560	96,462
Net derivative amounts presented on the balance sheet	0	8
Cash collateral - institutional counterparties	70
Derivatives Not Designated as Hedging Instrument \| Other assets \| Interest rate products
Asset Derivatives
Asset derivatives	174,196	89,261
Derivatives Not Designated as Hedging Instrument \| Other assets \| Credit contracts
Asset Derivatives
Asset derivatives	0	17
Derivatives Not Designated as Hedging Instrument \| Other liabilities \| Interest rate products
Liability Derivatives
Liability derivatives	174,344	89,461
Derivatives Not Designated as Hedging Instrument \| Other liabilities \| Credit contracts
Liability Derivatives
Liability derivatives	0	8
Designated as Hedging Instrument
Asset Derivatives
Asset derivatives		105,164
Liability Derivatives
Notional Amount	300,000
Designated as Hedging Instrument \| Interest rate products
Asset Derivatives
Notional Amount	225,000	330,000
Liability Derivatives
Notional Amount	75,000	125,000
Designated as Hedging Instrument \| Other assets \| Interest rate products
Asset Derivatives
Asset derivatives	5,136	15,886
Designated as Hedging Instrument \| Other liabilities \| Interest rate products
Liability Derivatives
Liability derivatives	$ 204	$ 1,365

Derivative and Hedging Activities - Gains and Losses on Derivatives (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total interest expense, Other income	Total interest expense, Other income	Total interest expense, Other income
Derivatives Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income on derivatives	$ 465	$ 126	$ 673
Derivatives Not Designated as Hedging Instrument \| Interest rate products
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income on derivatives	435	133	722
Derivatives Not Designated as Hedging Instrument \| Credit contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income on derivatives	30	(7)	(49)
Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income on derivatives	(13,670)	(17,713)	(4,504)
Designated as Hedging Instrument \| Interest rate products
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income on derivatives	$ (13,670)	$ (17,713)	$ (4,504)

Revenue Recognition (Details) - USD ($) $ in Thousands	12 Months Ended
Revenue Recognition (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 68,288	$ 57,525	$ 54,987
Total out-of-scope non-interest income	25,825	22,304	32,802
Total non-interest income	$ 94,113	$ 79,829	$ 87,789
Revenue Not From Contracts With Customer \| Product Concentration Risk \| Revenue Benchmark
Disaggregation of Revenue [Line Items]
Concentration risk percentage (as a percent)	92.00%	89.00%	84.00%
Wealth management fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 30,533	$ 27,669	$ 27,870
Insurance agency income
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	16,201	13,934	11,440
Banking service charges and other fees:
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	21,554	15,922	15,677
Service charges on deposit accounts
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	16,903	12,959	12,553
Debit card and ATM fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 4,651	$ 2,963	$ 3,124

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease right-of-use assets	$ 62,258	$ 56,907
Operating lease, liability, statement of financial position [Extensible List]	Other assets	Other assets
Operating lease liabilities	$ 65,226	$ 60,039
Operating lease, right-of-use asset, statement of financial position [Extensible List]	Other liabilities	Other liabilities

Leases - Narrative (Details) $ in Thousands	12 Months Ended
Leases - Narrative (Details) $ in Thousands	Dec. 31, 2024 USD ($) obligation	Dec. 31, 2023 USD ($)
Lessee, Lease, Description [Line Items]
Weighted average remaining lease term (in years)	7 years 3 months 18 days
Weighted average discount rate (as a percent)	3.23%
Operating lease right-of-use assets	$ 62,258	$ 56,907
Operating lease liabilities	$ 65,226	$ 60,039
Lakeland Bancorp, Inc. - Merger Agreement
Lessee, Lease, Description [Line Items]
Number of new lease obligations \| obligation	39
Operating lease right-of-use assets	$ 14,700
Operating lease liabilities	$ 14,700

Leases - Supplemental Cash Flow and Lease Cost Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease cost	$ 13,088	$ 10,495
Variable lease cost	3,057	3,193
Total Lease Cost	16,145	13,688
Operating cash flows from operating leases	$ 12,818	$ 9,904

Leases - Schedule of Minimum Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
2025	$ 13,170
2026	11,715
2027	10,203
2028	8,742
2029	7,431
Thereafter	22,239
Total future minimum lease payments	73,500
Amounts representing interest	8,274
Present value of net future minimum lease payments	$ 65,226	$ 60,039

Segment Reporting (Details) - USD ($) $ in Thousands	12 Months Ended
Segment Reporting (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total interest and dividend income	$ 1,046,138	$ 615,820	$ 466,181
Total interest expense	445,524	216,366	48,629
Net interest income	600,614	399,454	417,552
Provision for credit losses	87,564	28,168	5,004
Net interest income after provision for credit losses	513,050	371,286	412,548
Non-interest income:
Wealth management income	30,533	27,669	27,870
Insurance Agency Income	16,201	13,934	11,440
Total non-interest income	94,113	79,829	87,789
Non-interest expense:
Compensation and employee benefits	218,341	148,497	147,203
Net occupancy expense	45,014	32,271	34,566
Data processing expense	35,579	22,993	21,729
Total non-interest expense	457,548	275,336	260,231
Income tax expense	34,090	47,381	64,458
Net income	115,525	128,398	175,648
Reportable Segment
Segment Reporting Information [Line Items]
Interest income on loans	944,296	556,235	417,650
Interest income on cash and debt securities	101,842	59,585	48,531
Total interest and dividend income	1,046,138	615,820	466,181
Total interest expense	445,524	216,366	48,629
Net interest income	600,614	399,454	417,552
Provision for credit losses	87,564	28,168	5,004
Net interest income after provision for credit losses	513,050	371,286	412,548
Non-interest income:
Wealth management income	30,533	27,669	27,870
Insurance Agency Income	16,201	13,934	11,440
Other non-interest income	47,379	38,226	48,479
Total non-interest income	94,113	79,829	87,789
Non-interest expense:
Compensation and employee benefits	218,341	148,497	147,203
Net occupancy expense	45,014	32,271	34,566
Data processing expense	35,579	22,993	21,729
Other non interest expense	158,614	71,575	56,733
Total non-interest expense	457,548	275,336	260,231
Income tax expense	34,090	47,381	64,458
Net income	$ 115,525	$ 128,398	$ 175,648