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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks (restricted cash of $43,165 and $47,945, respectively) $ 152,574 $ 172,157
Securities held-to-maturity:    
Securities held-to-maturity, net of allowance of $353 and $1,087, respectively (assets pledged of $4,494 and $4,595, respectively; fair value of $44,718 and $65,755, respectively) 51,485 72,923
Securities available for sale, at fair value:    
Securities available for sale, at fair value (amortized cost of $1,506,798 and $954,164, respectively; net of an allowance of $2,627 and none, respectively; assets pledged of $49,914 and $195,444, respectively; $13,591 and $13,359 at fair value pursuant to the fair value option, respectively) 1,497,905 874,753
Loans held for sale 70,098  
Loans:    
Loans held for investment, net of fees and costs 6,745,848 6,906,950
Less: Allowance for credit losses (40,152) (40,161)
Net loans held of investment 6,705,696 6,866,789
Interest and dividends receivable 62,036 59,018
Bank premises and equipment, net 17,852 21,273
Federal Home Loan Bank of New York stock, at cost 38,096 31,066
Bank owned life insurance 218,174 213,518
Goodwill 17,636 17,636
Core deposit intangibles 1,123 1,537
Right of use asset 45,800 39,557
Other assets 160,497 167,009
Total assets 9,038,972 8,537,236
Liabilities    
Non-interest bearing 836,545 847,416
Interest-bearing 6,289,306 5,917,463
Total Due to depositors 7,125,851 6,764,879
Mortgagors' escrow deposits 53,082 50,382
Borrowed funds:    
Federal Home Loan Bank advances and other borrowings 678,933 605,801
Subordinated debentures 188,326 187,630
Junior subordinated debentures, at fair value 48,795 47,850
Total borrowed funds 916,054 841,281
Operating lease liability 46,443 40,822
Other liabilities 173,003 170,035
Total liabilities 8,314,433 7,867,399
Stockholders' Equity    
Preferred stock ($0.01 par value; 5,000,000 shares authorized; none issued) 0 0
Common stock ($0.01 par value; 100,000,000 shares authorized; 38,677,787 and 34,087,623 shares issued, respectively; 33,659,067 and 28,865,810 shares outstanding, respectively) 387 341
Additional paid-in capital 326,671 264,534
Treasury stock, at average cost (5,018,720 and 5,221,813 shares, respectively) (101,655) (106,070)
Retained earnings 492,003 549,683
Accumulated other comprehensive income (loss), net of taxes 7,133 (38,651)
Total stockholders' equity 724,539 669,837
Total liabilities and stockholders' equity $ 9,038,972 $ 8,537,236