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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest and dividend income        
Interest and fees on loans $ 92,728 $ 85,377 $ 185,687 $ 168,266
Interest and dividends on securities:        
Interest 18,209 9,172 30,750 16,412
Dividends 33 30 66 59
Other interest income 2,260 1,982 6,226 3,941
Total interest and dividend income 113,230 96,561 222,729 188,678
Interest expense        
Deposits 60,893 46,249 118,758 85,305
Other interest expense 9,561 6,934 18,798 14,733
Total interest expense 70,454 53,183 137,556 100,038
Net interest income 42,776 43,378 85,173 88,640
Provision (benefit) for credit losses 809 1,416 1,401 8,924
Net interest income after provision (benefit) for credit losses 41,967 41,962 83,772 79,716
Non-interest income        
Banking services fee income 1,583 1,780 2,977 3,191
Net gain (loss) on sale of loans 26 54 136 108
Net gain (loss) from fair value adjustments 57 294 (777) 2,913
Federal Home Loan Bank of New York stock dividends 669 534 1,412 1,231
Life insurance proceeds   561   561
Bank owned life insurance 1,223 1,134 2,423 2,243
Other income 658 663 1,129 1,630
Total non-interest income (loss) 4,216 5,020 7,300 11,877
Non-interest expense        
Salaries and employee benefits 21,723 19,690 43,836 42,252
Occupancy and equipment 3,713 3,534 7,492 7,327
Professional services 2,786 2,291 5,578 4,552
FDIC deposit insurance 1,322 943 2,974 1,920
Data processing 1,785 1,473 3,512 2,908
Depreciation and amortization of bank premises and equipment 1,425 1,482 2,882 2,992
Other real estate owned / foreclosure expense 125 150 270 315
Other operating expenses 6,168 5,547 12,395 12,000
Total non-interest expense 39,047 35,110 78,939 74,266
Income before income taxes 7,136 11,872 12,133 17,327
Provision for income taxes        
Federal 1,198 2,218 2,099 3,289
State and local 616 968 1,028 1,308
Total provision for income taxes 1,814 3,186 3,127 4,597
Net income $ 5,322 $ 8,686 $ 9,006 $ 12,730
Basic earnings per common share $ 0.18 $ 0.29 $ 0.30 $ 0.42
Diluted earnings per common share $ 0.18 $ 0.29 $ 0.30 $ 0.42