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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 18,152 $ 31,973
Overnight deposits 226,510 237,492
Total cash and cash equivalents 244,662 269,465
Investment securities available-for-sale, at fair value 504,748 461,207
Investment securities held-to-maturity (estimated fair value of $382.6 million and $404.3 million at June 30, 2024 and December 31, 2023, respectively) 449,368 468,860
Equity investment securities, at fair value 2,122 2,123
Total securities 956,238 932,190
Other investments 26,584 38,966
Loans, net of deferred fees and costs 5,838,892 5,624,797
Allowance for credit losses (60,008) (57,965)
Net loans 5,778,884 5,566,832
Receivable from global payments business, net 90,626 87,648
Other assets 168,597 172,571
Total assets 7,265,591 7,067,672
Deposits    
Noninterest-bearing demand deposits 1,883,176 1,837,874
Interest-bearing deposits 4,286,486 3,899,418
Total deposits 6,169,662 5,737,292
Federal funds purchased   99,000
Federal Home Loan Bank of New York advances 150,000 440,000
Trust preferred securities 20,620 20,620
Secured and other borrowings 107,514 7,585
Prepaid third-party debit cardholder balances 22,631 10,178
Other liabilities 102,760 93,976
Total liabilities 6,573,187 6,408,651
Stockholders' equity:    
Common stock, $0.01 par value, 25,000,000 shares authorized, 11,192,936 and 11,062,729 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 112 111
Additional paid in capital 395,520 395,871
Retained earnings 348,977 315,975
Accumulated other comprehensive income (loss), net of tax (52,205) (52,936)
Total stockholders' equity 692,404 659,021
Total liabilities and stockholders' equity $ 7,265,591 $ 7,067,672