v3.25.4

DEPOSITS

12 Months Ended

Dec. 31, 2025

Statistical Disclosure for Banks [Abstract]

DEPOSITS

DEPOSITS

Deposits are summarized as follows:

									December 31, 2025												December 31, 2024
									Amount						Weighted Average Rate						Amount						Weighted Average Rate
			(In thousands)
			Non-interest-bearing demand deposit accounts						$	3,234,418					0.00		%				$	2,868,506					0.00		%
			NOW accounts						184,635						0.40		%				179,765						0.72		%
			Money market deposit accounts						4,000,096						2.47		%				3,564,423						2.67		%
			Savings accounts						326,895						1.01		%				328,696						1.32		%
			Time deposits						203,197						3.14		%				239,215						3.54		%
			Total deposits						$	7,949,241					1.37		%				$	7,180,605					1.52		%

The scheduled maturities of time deposits as of December 31, 2025 are as follows:

															(In thousands)						Balance
															2026						$	192,248
															2027						6,664
															2028						2,485
															2029						1,428
															2030						372
															Thereafter						—
															Total						$	203,197

Time deposits greater than $250,000 totaled $51.7 million as of December 31, 2025 and $48.5 million as of December 31, 2024.

From time to time the Company will issue time deposits through the Certificate of Deposit Account Registry Service (“CDARS”) for the purpose of providing FDIC insurance to bank customers with balances in excess of FDIC insurance limits. CDARS deposits totaled approximately $61.2 million and $104.9 million as of December 31, 2025 and December 31, 2024, respectively, and are included in Time deposits above.

Our total deposits included deposits from Workers United and its related entities, a related party, in the amounts of $98.0 million as of December 31, 2025 and $71.2 million as of December 31, 2024.

Included in total deposits are state and municipal deposits totaling $104.2 million and $62.6 million as of December 31, 2025 and December 31, 2024, respectively. Such deposits are secured by letters of credit issued by the FHLBNY or by securities pledged with the FHLBNY.

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- References

No definition available.

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X

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 405
-Topic 942
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478353/942-405-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(12))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph e
-Publisher SEC

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Publisher SEC

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