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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest and dividend income        
Interest and fees on loans $ 69,192 $ 67,999 $ 136,708 $ 137,020
Interest and dividends on securities:        
Interest 4,929 3,685 8,674 6,757
Dividends 11 7 19 15
Other interest income 159 51 210 87
Total interest and dividend income 74,291 71,742 145,611 143,879
Interest expense        
Deposits 4,686 5,539 8,094 11,644
Other interest expense 4,875 5,164 9,308 10,304
Total interest expense 9,561 10,703 17,402 21,948
Net interest income 64,730 61,039 128,209 121,931
Provision (benefit) for credit losses 1,590 (1,598) 2,948 1,222
Net interest income after provision (benefit) for credit losses 63,140 62,637 125,261 120,709
Non-interest income (loss)        
Banking services fee income 1,166 1,233 2,540 3,958
Net gain on sale of loans 73 127 73 158
Net gain on disposition of assets       621
Net gain on sale of securities   123 0 123
Net gain (loss) from fair value adjustments 2,533 (6,548) 724 (5,566)
Federal Home Loan Bank of New York stock dividends 407 500 804 1,189
Life insurance proceeds 1,536   1,536  
Bank owned life insurance 1,115 1,009 2,229 2,006
Other income 523 346 760 612
Total non-interest income (loss) 7,353 (3,210) 8,666 3,101
Non-interest expense        
Salaries and employee benefits 21,109 19,879 44,758 42,543
Occupancy and equipment 3,760 3,522 7,364 6,889
Professional services 2,285 1,988 4,507 4,388
FDIC deposit insurance 615 729 1,035 1,942
Data processing 1,383 1,419 2,807 3,528
Depreciation and amortization of bank premises and equipment 1,447 1,638 2,907 3,277
Other real estate owned / foreclosure expense 32 22 116 12
Other operating expenses 4,891 4,814 10,822 9,591
Total non-interest expense 35,522 34,011 74,316 72,170
Income before income taxes 34,971 25,416 59,611 51,640
Provision for income taxes        
Federal 5,609 4,857 10,259 9,928
State and local 4,327 1,301 6,098 3,415
Total provision for income taxes 9,936 6,158 16,357 13,343
Net income $ 25,035 $ 19,258 $ 43,254 $ 38,297
Basic earnings per common share $ 0.81 $ 0.61 $ 1.39 $ 1.21
Diluted earnings per common share 0.81 0.61 1.39 1.21
Dividends per common share $ 0.22 $ 0.21 $ 0.44 $ 0.42