v3.25.4
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 4,501 $ 4,042
Interest-bearing deposits in banks 286,716 56,707
Total cash and cash equivalents 291,217 60,749
Securities:    
Available for sale, at fair value 1,783,551 1,629,058
Held-to-maturity, at amortized cost 1,554,015 1,586,205
Loans held for sale 2,814 37,593
Loans receivable, net of deferred loan origination fees and costs 4,957,273 4,672,924
Allowance for credit losses (57,586) (60,086)
Loans receivable, net 4,899,687 4,612,838
Resell agreements 48,662 23,741
Federal Home Loan Bank of New York ("FHLBNY") stock, at cost 5,009 15,693
Accrued interest receivable 65,128 61,172
Premises and equipment, net 4,685 6,386
Bank-owned life insurance 108,941 108,026
Right-of-use lease asset 9,602 14,231
Deferred tax asset, net 30,750 42,437
Goodwill 12,936 12,936
Intangible assets, net 913 1,487
Equity method investments 7,979 8,482
Other assets 43,947 35,858
Total assets 8,869,836 8,256,892
Liabilities    
Deposits 7,949,241 7,180,605
Borrowings 69,547 314,409
Operating leases 12,255 19,734
Other liabilities 44,329 34,490
Total liabilities 8,075,372 7,549,238
Stockholders’ equity    
Common stock, par value $0.01 per share (70,000,000 shares authorized; 31,045,377 and 30,809,484 shares issued, respectively, and 29,818,424 and 30,670,982 shares outstanding, respectively) 312 308
Additional paid-in capital 294,134 288,656
Retained earnings 567,269 480,144
Accumulated other comprehensive loss, net of income taxes (32,088) (58,637)
Treasury stock, at cost (1,226,953 and 138,502 shares, respectively) (35,163) (2,817)
Total stockholders' equity 794,464 707,654
Total liabilities and stockholders’ equity 8,869,836 8,256,892
Traditional securities    
Securities:    
Available for sale, at fair value 1,580,049 1,477,047
Held-to-maturity, at amortized cost 476,950 542,246
Property Assessed Clean Energy ("PACE") assessments    
Securities:    
Available for sale, at fair value 203,502 152,011
Held-to-maturity, at amortized cost $ 1,077,065 $ 1,043,959