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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 26,780 $ 28,864
Overnight deposits 230,638 2,330,486
Total cash and cash equivalents 257,418 2,359,350
Investment securities available for sale, at fair value 445,747 566,624
Investment securities held to maturity (estimated fair value of $437.3 million and $380.1 million at December 31, 2022 and 2021, respectively) 510,425 382,099
Equity investment securities, at fair value 2,048 2,273
Total securities 958,220 950,996
Other investments 22,110 11,998
Loans, net of deferred fees and costs 4,840,523 3,731,929
Allowance for loan losses (44,876) (34,729)
Net loans 4,795,647 3,697,200
Receivable from global payments business, net 85,605 39,864
Other assets 148,337 56,950
Total assets 6,267,337 7,116,358
Deposits    
Noninterest-bearing demand deposits 2,422,151 3,668,673
Interest-bearing deposits 2,855,761 2,766,899
Total deposits 5,277,912 6,435,572
Federal funds purchased 150,000  
Federal Home Loan Bank of New York advances 100,000  
Trust preferred securities 20,620 20,620
Subordinated debt, net of issuance cost   24,712
Secured borrowings 7,725 32,461
Prepaid third-party debit cardholder balances 10,579 8,847
Other liabilities 124,604 37,157
Total liabilities 5,691,440 6,559,369
Stockholders' equity:    
Common stock, $0.01 par value, 25,000,000 shares authorized, 10,949,965 and 10,920,569 shares issued and outstanding at December 31, 2022 and 2021, respectively 109 109
Additional paid in capital 389,276 382,999
Retained earnings 240,810 181,385
Accumulated other comprehensive income (loss), net of tax (54,298) (7,504)
Total stockholders' equity 575,897 556,989
Total liabilities and stockholders' equity $ 6,267,337 $ 7,116,358