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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 32,525 $ 26,780
Overnight deposits 266,978 230,638
Total cash and cash equivalents 299,503 257,418
Investment securities available-for-sale, at fair value 444,169 445,747
Investment securities held-to-maturity (estimated fair value of $436.1 million and $437.3 million at March 31, 2023 and December 31, 2022, respectively) 501,525 510,425
Equity investment securities, at fair value 2,087 2,048
Total securities 947,781 958,220
Other investments 27,099 22,110
Loans, net of deferred fees and costs 4,851,694 4,840,523
Allowance for credit losses (47,752) (44,876)
Net loans 4,803,942 4,795,647
Receivable from global payments business, net 83,787 85,605
Other assets 147,870 148,337
Total assets 6,309,982 6,267,337
Deposits    
Noninterest-bearing demand deposits 2,122,606 2,422,151
Interest-bearing deposits 3,009,182 2,855,761
Total deposits 5,131,788 5,277,912
Federal funds purchased 195,000 150,000
Federal Home Loan Bank of New York advances 200,000 100,000
Trust preferred securities 20,620 20,620
Secured borrowings 7,689 7,725
Prepaid third-party debit cardholder balances 11,102 10,579
Other liabilities 135,896 124,604
Total liabilities 5,702,095 5,691,440
Stockholders' equity:    
Common stock, $0.01 par value, 25,000,000 shares authorized, 11,211,274 and 10,949,965 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 112 109
Additional paid in capital 394,124 389,276
Decreased retained earnings 263,783 240,810
Accumulated other comprehensive income (loss), net of tax (50,132) (54,298)
Total stockholders' equity 607,887 575,897
Total liabilities and stockholders' equity $ 6,309,982 $ 6,267,337