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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities    
Net income $ 17,912 $ 20,565
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (benefit) for credit losses 3,128 9,520
Depreciation and amortization of premises and equipment 4,318 4,474
Net (loss) gain on sales of loans (273) (108)
Net amortization (accretion) of premiums and discounts 2,797 2,159
Net (gain) loss on sales of REO (174) 0
Deferred income tax provision (benefit) 1,969 2,798
Net (gain) loss from fair value adjustments (197) (1,667)
Net (gain) loss from fair value adjustments of hedges (53) 112
Gain from life insurance proceeds (1) (584)
Bank owned life insurance (3,683) (3,400)
Stock-based compensation expense 2,556 5,556
Deferred compensation (1,872) (2,957)
Amortization of core deposit intangibles 317 366
(Increase) decrease in other assets (16,035) (18,711)
Increase (decrease) in other liabilities (1,965) (6,793)
Net cash provided by (used in) operating activities 8,744 11,330
Investing Activities    
Purchases of premises and equipment (1,620) (4,026)
Purchases of Federal Home Loan Bank New York stock (32,012) (114,436)
Redemptions of Federal Home Loan Bank New York stock 30,333 116,457
Proceeds from prepayments of securities held-to-maturity 1,219 593
Purchases of securities available for sale (934,881) (171,934)
Proceeds from sales and calls of securities available for sale 83,669 0
Proceeds from maturities and prepayments of securities available for sale 129,724 46,762
Proceeds from sale of real estate owned 839 0
Proceeds from bank owned life insurance 14 3,075
Change in cash collateral (25,130) 25,800
Net repayments (originations) of loans 206,743 134,166
Purchases of loans (130,334) (120,720)
Proceeds from sale of loans originally classified as held to investment 18,760 9,042
Net cash provided by (used in) investing activities (652,676) (75,221)
Financing Activities    
Net increase (decrease) in noninterest-bearing deposits 13,514 (46,818)
Net increase (decrease) in interest-bearing deposits 719,930 218,624
Net increase (decrease) in mortgagors' escrow deposits 22,990 23,853
Net (repayments) proceeds from short-term borrowed funds (95,750) (285,750)
Proceeds from long-term borrowing 300,000 274,469
Repayment of long-term borrowings (200,000) (39,001)
Purchase of treasury shares 0 (10,836)
Repurchase of shares to satisfy tax obligations (1,684) (1,692)
Cash dividends paid (19,582) (19,786)
Net cash provided by (used in) financing activities 739,418 113,063
Net increase (decrease) in cash and cash equivalents, and restricted cash 95,486 49,172
Cash, cash equivalents, and restricted cash, beginning of period 172,157 151,754
Cash, cash equivalents, and restricted cash, end of period 267,643 200,926
Supplemental Cash Flow Disclosure    
Interest paid 203,257 154,896
Income taxes paid 6,178 6,272
Transfer of loans held for investment to other real estate owned 665 0
Transfer of loans held for investment to held for sale $ 18,148 $ 8,506