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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks (restricted cash of $25,225 and $43,165, respectively) $ 271,912 $ 152,574
Securities held-to-maturity:    
Securities held-to-maturity, net of allowance of $359 and $353, respectively (assets pledged of $4,614 and $4,494, respectively; fair value of $44,670 and $44,718, respectively) 51,150 51,485
Securities available for sale, at fair value:    
Securities available for sale, at fair value (amortized cost of $1,454,886 and $1,506,798, respectively; net of an allowance of $2,627 and $2,627, respectively; assets pledged of $62,162 and $49,914, respectively; $13,865 and $13,591 at fair value pursuant to the fair value option, respectively) 1,450,144 1,497,905
Loans held for sale 29,624 70,098
Loans:    
Loans held for investment, net of fees and costs 6,741,835 6,745,848
Less: Allowance for credit losses (40,037) (40,152)
Net loans held of investment 6,701,798 6,705,696
Interest and dividends receivable 61,510 62,036
Bank premises and equipment, net 18,181 17,852
Federal Home Loan Bank of New York stock, at cost 18,475 38,096
Bank owned life insurance 219,748 218,174
Goodwill   17,636
Core deposit intangibles 1,029 1,123
Right of use asset 43,870 45,800
Other assets 140,955 160,497
Total assets 9,008,396 9,038,972
Liabilities    
Non-interest bearing 863,714 836,545
Interest-bearing 6,764,740 6,289,306
Total Due to depositors 7,628,454 7,125,851
Mortgagors' escrow deposits 89,764 53,082
Borrowed funds:    
Federal Home Loan Bank advances and other borrowings 183,933 678,933
Subordinated debentures 188,506 188,326
Junior subordinated debentures, at fair value 49,103 48,795
Total borrowed funds 421,542 916,054
Operating lease liability 44,385 46,443
Other liabilities 121,400 173,003
Total liabilities 8,305,545 8,314,433
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; 38,677,787 shares issued; 33,776,688 and 33,659,067 shares outstanding, respectively) 387 387
Additional paid-in capital 324,290 326,671
Treasury stock, at average cost (4,901,099 and 5,018,720 shares, respectively) (98,993) (101,655)
Retained earnings 474,472 492,003
Accumulated other comprehensive income, net of taxes 2,695 7,133
Total stockholders' equity 702,851 724,539
Total liabilities and stockholders' equity $ 9,008,396 $ 9,038,972