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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and due from Banks $ 31,973 $ 26,780
Overnight deposits 237,492 230,638
Total cash and cash equivalents 269,465 257,418
Investment securities available-for-sale, at fair value 461,207 445,747
Investment securities held-to-maturity (estimated fair value of $404.3 million and $437.3 million at December 31, 2023 and December 31, 2022, respectively) 468,860 510,425
Equity investment securities, at fair value 2,123 2,048
Total securities 932,190 958,220
Other Investments 38,966 22,110
Loans, net of deferred fees and costs 5,624,797 4,840,523
Allowance for credit losses (57,965) (44,876)
Net loans 5,566,832 4,795,647
Receivable from global payments business, net 87,648 85,605
Other assets 172,571 148,337
Total assets 7,067,672 6,267,337
Deposits    
Noninterest-bearing demand deposits 1,837,874 2,422,151
Interest-bearing deposits 3,899,418 2,855,761
Total deposits 5,737,292 5,277,912
Federal funds purchased 99,000 150,000
Federal Home Loan Bank of New York advances 440,000 100,000
Trust preferred securities 20,620 20,620
Secured borrowings 7,585 7,725
Prepaid third-party debit cardholder balances 10,178 10,579
Other liabilities 93,976 124,604
Total liabilities 6,408,651 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 December 31, 2023 and December 31, 2022, respectively 111 109
Additional paid in capital 395,871 389,276
Retained earnings 315,975 240,810
Accumulated other comprehensive income (loss), net of tax (52,936) (54,298)
Total stockholders' equity 659,021 575,897
Total liabilities and stockholders' equity $ 7,067,672 $ 6,267,337