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Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest and dividend income      
Interest and fees on loans $ 375,578 $ 355,348 $ 293,287
Interest and dividends on securities:      
Interest 79,076 37,598 20,861
Dividends 130 126 60
Other interest income 10,578 8,405 2,418
Total interest and dividend income 465,362 401,477 316,626
Interest expense      
Deposits 244,636 188,655 47,285
Other interest expense 38,715 33,670 25,725
Total interest expense 283,351 222,325 73,010
Net interest income (loss) 182,011 179,152 243,616
Provision (benefit) for credit losses 9,568 10,518 5,081
Net interest income after provision (benefit) for credit losses 172,443 168,634 238,535
Non-interest income (loss)      
Banking services fee income 6,947 8,651 5,122
Net gain (loss) on sale of loans (3,563) 108 119
Net gain (loss) on disposition of assets     104
Net gain (loss) on sale of securities (72,315) 0 (10,948)
Net gain (loss) from fair value adjustments (939) 2,573 5,728
Federal Home Loan Bank of New York stock dividends 2,790 2,513 2,000
Life insurance proceeds 285 1,281 1,822
Bank owned life insurance 6,005 4,573 4,487
Other income 3,345 2,889 1,575
Total non-interest income (loss) (57,445) 22,588 10,009
Non-interest expense      
Salaries and employee benefits 91,398 85,957 84,374
Occupancy and equipment 15,117 14,396 14,606
Professional services 10,846 9,569 9,207
FDIC deposit insurance 6,297 3,994 2,258
Data processing 6,890 5,976 5,595
Depreciation and amortization of bank premises and equipment 5,730 5,965 5,930
Other real estate owned / foreclosure expense 681 605 294
Net (gain) loss from sales of real estate owned (174) 0 0
Prepayment penalty on borrowings 2,572    
Other operating expenses 23,908 24,927 21,428
Total non-interest expense 163,265 151,389 143,692
Income (loss) before income taxes (48,267) 39,833 104,852
Provision (benefit) for income taxes      
Federal (10,479) 7,585 17,569
State and local (6,455) 3,584 10,338
Total provision (benefit) for income taxes (16,934) 11,169 27,907
Net income (loss) $ (31,333) $ 28,664 $ 76,945
Basic earnings (loss) per common share (in dollars per share) $ (1.05) $ 0.96 $ 2.5
Diluted earnings (loss) per common share (in dollars per share) $ (1.05) $ 0.96 $ 2.5