v3.25.4

PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION | 12 Months Ended
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Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract] |
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION | PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION Condensed financial information of Amalgamated Financial Corp. follows:
CONDENSED BALANCE SHEET
| December 31, 2025 |  | December 31, 2024
(in thousands) |  |  |
ASSETS |  |  |
Cash and cash equivalents | $ | 42,998 |  |  | $ | 49,688 |
Investment securities | 3,000 |  |  | — |
Investment in banking subsidiary | 812,710 |  |  | 721,911 |
Other assets | 595 |  |  | 449 |
Total assets | $ | 859,303 |  |  | $ | 772,048 |
LIABILITIES AND EQUITY |  |  |
Subordinated debt | $ | 63,787 |  |  | $ | 63,703 |
Accrued expense and other liabilities | 1,052 |  |  | 691 |
Stockholders' equity | 794,464 |  |  | 707,654 |
Total liabilities and stockholders' equity | $ | 859,303 |  |  | $ | 772,048 |
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
(in thousands) |  |  |  |  |
Interest income | $ | 73 |  |  | $ | — |  |  | $ | — |
Dividends from subsidiaries | 50,000 |  |  | 40,000 |  |  | 60,000 |
Other income | — |  |  | 1,076 |  |  | 1,417 |
Equity in undistributed subsidiary income | 57,332 |  |  | 68,628 |  |  | 30,170 |
Interest expense | 2,174 |  |  | 2,370 |  |  | 2,719 |
Other expense | 1,827 |  |  | 1,702 |  |  | 1,669 |
Income before tax expense | 103,404 |  |  | 105,632 |  |  | 87,199 |
Income tax benefit | (1,043) |  |  | (802) |  |  | (779) |
Net income | $ | 104,447 |  |  | $ | 106,434 |  |  | $ | 87,978 |
Comprehensive income | $ | 130,996 |  |  | $ | 133,801 |  |  | $ | 110,681 |
CONDENSED STATEMENT OF CASH FLOWS
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
(in thousands) |  |  |  |  |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |
Net income | $ | 104,447 |  |  | $ | 106,434 |  |  | $ | 87,978 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Equity in undistributed subsidiary income | (57,332) |  |  | (68,628) |  |  | (30,170) |
Net gain on repurchase of subordinated debt | — |  |  | (1,076) |  |  | (1,417) |
Net amortization on subordinated debt issuance cost | 101 |  |  | 158 |  |  | 302 |
Change in other assets | (359) |  |  | 27 |  |  | (755) |
Change in other liabilities | 344 |  |  | 85 |  |  | (4,286) |
Net cash provided by operating activities | 47,201 |  |  | 37,000 |  |  | 51,652 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |
Purchase of securities held-to-maturity | (3,000) |  |  | — |  |  | — |
Net cash used by investing activities | (3,000) |  |  | — |  |  | — |
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |
Dividends paid on common stock | (17,203) |  |  | (14,234) |  |  | (12,333) |
Repurchase of common stock | (35,075) |  |  | (3,359) |  |  | (9,543) |
Repurchase of subordinated debt | — |  |  | (5,925) |  |  | (6,047) |
Common stock issued under Equity Programs | 1,387 |  |  | 789 |  |  | 804 |
Net cash used by financing activities | (50,891) |  |  | (22,729) |  |  | (27,119) |
Increase in cash and cash equivalents | (6,690) |  |  | 14,271 |  |  | 24,533 |
Cash and cash equivalents at beginning of year | 49,688 |  |  | 35,417 |  |  | 10,884 |
Cash and cash equivalents at end of year | $ | 42,998 |  |  | $ | 49,688 |  |  | $ | 35,417 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 4: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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