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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and dividend income    
Interest and fees on loans $ 93,032 $ 92,959
Interest and dividends on securities:    
Interest 21,413 12,541
Dividends 28 33
Other interest income 2,063 3,966
Total interest and dividend income 116,536 109,499
Interest expense    
Deposits 57,174 57,865
Other interest expense 6,373 9,237
Total interest expense 63,547 67,102
Net interest income (loss) 52,989 42,397
Provision (benefit) for credit losses 4,318 592
Net interest income after provision (benefit) for credit losses 48,671 41,805
Non-interest income (loss)    
Banking services fee income 1,521 1,394
Net gain (loss) on sale of loans 630 110
Net gain (loss) from fair value adjustments (152) (834)
Federal Home Loan Bank of New York stock dividends 697 743
Bank owned life insurance 1,574 1,200
Other income 804 471
Total non-interest income (loss) 5,074 3,084
Non-interest expense    
Salaries and employee benefits 22,896 22,113
Occupancy and equipment 4,092 3,779
Professional services 2,885 2,792
FDIC deposit insurance 1,709 1,652
Data processing 1,868 1,727
Depreciation and amortization of bank premises and equipment 1,373 1,457
Other real estate owned / foreclosure expense 345 145
Impairment of goodwill 17,636 0
Other operating expenses 6,872 6,227
Total non-interest expense 59,676 39,892
Total before tax (5,931) 4,997
Provision (benefit) for income taxes    
Federal 2,172 901
State and local 1,693 412
Total provision (benefit) for income taxes 3,865 1,313
Net income (loss) $ (9,796) $ 3,684
Basic earnings (loss) per common share (in dollars per share) $ (0.29) $ 0.12
Diluted earnings (loss) per common share (in dollars per share) $ (0.29) $ 0.12