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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 36,438 $ 26,780
Overnight deposits 140,929 230,638
Total cash and cash equivalents 177,367 257,418
Investment securities available-for-sale, at fair value 429,850 445,747
Investment securities held-to-maturity (estimated fair value of $396.3 million and $437.3 million at September 30, 2023 and December 31, 2022, respectively) 478,886 510,425
Equity investment securities, at fair value 2,015 2,048
Total securities 910,751 958,220
Other Investments 35,015 22,110
Loans 5,354,487 4,840,523
Allowance for credit losses (52,298) (44,876)
Net loans 5,302,189 4,795,647
Receivable from global payments business, net 79,892 85,605
Other assets 178,145 148,337
Total assets 6,683,359 6,267,337
Deposits    
Noninterest-bearing demand deposits 1,746,626 2,422,151
Interest-bearing deposits 3,774,963 2,855,761
Total deposits 5,521,589 5,277,912
Federal funds purchased   150,000
Federal Home Loan Bank of New York advances 355,000 100,000
Trust preferred securities 20,620 20,620
Secured borrowings 7,621 7,725
Prepaid third-party debit cardholder balances 10,297 10,579
Other liabilities 133,322 124,604
Total liabilities 6,048,449 5,691,440
Stockholders' equity:    
Common stock, $0.01 par value, 25,000,000 shares authorized, 11,062,729 and 10,949,965 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 110 109
Additional paid in capital 393,544 389,276
Retained earnings 301,407 240,810
Accumulated other comprehensive income (loss), net of tax (60,151) (54,298)
Total stockholders' equity 634,910 575,897
Total liabilities and stockholders' equity $ 6,683,359 $ 6,267,337