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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks (restricted cash of $57,355, and $47,945, respectively) $ 156,913 $ 172,157
Securities held-to-maturity:    
Securities held-to-maturity, net of allowance of $1,089 and $1,087, respectively (assets pledged of $4,503 and $4,595, respectively; fair value of $61,070 and $65,755, respectively) 72,012 72,923
Securities available for sale, at fair value:    
Securities available for sale, at fair value (assets pledged of $232,029 and $195,444, respectively; $13,358 and $13,359 at fair value pursuant to the fair value option, respectively) 1,548,611 874,753
Loans:    
Loans, net of fees and costs 6,777,026 6,906,950
Less: Allowance for credit losses (41,648) (40,161)
Net loans 6,735,378 6,866,789
Interest and dividends receivable 62,752 59,018
Bank premises and equipment, net 19,426 21,273
Federal Home Loan Bank of New York stock, at cost 46,331 31,066
Bank owned life insurance 215,940 213,518
Goodwill 17,636 17,636
Core deposit intangibles 1,322 1,537
Right of use asset 46,636 39,557
Other assets 174,283 167,009
Total assets 9,097,240 8,537,236
Liabilities    
Non-interest bearing 825,327 847,416
Interest-bearing 6,023,834 5,917,463
Total Due to depositors 6,849,161 6,764,879
Mortgagors' escrow deposits 57,702 50,382
Borrowed funds:    
Federal Home Loan Bank advances and other borrowings 1,080,050 605,801
Subordinated debentures 187,974 187,630
Junior subordinated debentures, at fair value 48,541 47,850
Total borrowed funds 1,316,565 841,281
Operating lease liability 47,485 40,822
Other liabilities 161,005 170,035
Total liabilities 8,431,918 7,867,399
Stockholders' Equity    
Preferred stock ($0.01 par value; 5,000,000 shares authorized; none issued)
Common stock ($0.01 par value; 100,000,000 shares authorized; 34,087,623 shares issued; 29,068,880 shares and 28,865,810 shares outstanding, respectively) 341 341
Additional paid-in capital 260,585 264,534
Treasury stock, at average cost (5,018,743 shares and 5,221,813 shares, respectively) (101,633) (106,070)
Retained earnings 545,345 549,683
Accumulated other comprehensive loss, net of taxes (39,316) (38,651)
Total stockholders' equity 665,322 669,837
Total liabilities and stockholders' equity $ 9,097,240 $ 8,537,236