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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks (restricted cash of $22,815, and $47,945, respectively) $ 267,643 $ 172,157
Securities held-to-maturity:    
Securities held-to-maturity, net of allowance of $1,086 and $1,087, respectively (assets pledged of $4,715 and $4,595, respectively; fair value of $63,952 and $65,755, respectively) 71,700 72,923
Securities available for sale, at fair value:    
Securities available for sale, at fair value (amortized cost of $1,677,854 and $954,164, respectively; assets pledged of $225,553 and $195,444, respectively; $13,850 and $13,359 at fair value pursuant to the fair value option, respectively) 1,614,249 874,753
Loans:    
Loans, net of fees and costs 6,818,328 6,906,950
Less: Allowance for credit losses (40,342) (40,161)
Net loans 6,777,986 6,866,789
Interest and dividends receivable 64,369 59,018
Bank premises and equipment, net 18,544 21,273
Federal Home Loan Bank of New York stock, at cost 32,745 31,066
Bank owned life insurance 217,200 213,518
Goodwill 17,636 17,636
Core deposit intangibles 1,220 1,537
Right of use asset 44,787 39,557
Other assets 152,807 167,009
Total assets 9,280,886 8,537,236
Liabilities    
Non-interest bearing 860,930 847,416
Interest-bearing 6,638,093 5,917,463
Total Due to depositors 7,499,023 6,764,879
Mortgagors' escrow deposits 73,372 50,382
Borrowed funds:    
Federal Home Loan Bank advances and other borrowings 610,050 605,801
Subordinated debentures 188,150 187,630
Junior subordinated debentures, at fair value 47,923 47,850
Total borrowed funds 846,123 841,281
Operating lease liability 45,437 40,822
Other liabilities 150,040 170,035
Total liabilities 8,613,995 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; 29,068,903 shares and 28,865,810 shares outstanding, respectively) 341 341
Additional paid-in capital 261,274 264,534
Treasury stock, at average cost (5,018,720 shares and 5,221,813 shares, respectively) (101,633) (106,070)
Retained earnings 547,708 549,683
Accumulated other comprehensive loss, net of taxes (40,799) (38,651)
Total stockholders' equity 666,891 669,837
Total liabilities and stockholders' equity $ 9,280,886 $ 8,537,236