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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 16,674 $ 31,973
Overnight deposits 301,804 237,492
Total cash and cash equivalents 318,478 269,465
Investment securities available-for-sale, at fair value 510,966 461,207
Investment securities held-to-maturity (estimated fair value of $386.2 million and $404.3 million at September 30, 2024 and December 31, 2023, respectively) 438,445 468,860
Equity investment securities, at fair value 5,213 2,123
Total securities 954,624 932,190
Other investments 26,586 38,966
Loans, net of deferred fees and costs 5,897,119 5,624,797
Allowance for credit losses (62,493) (57,965)
Net loans 5,834,626 5,566,832
Receivable from global payments business, net 96,048 87,648
Other assets 172,996 172,571
Total assets 7,403,358 7,067,672
Deposits    
Noninterest-bearing demand deposits 1,780,305 1,837,874
Interest-bearing deposits 4,489,602 3,899,418
Total deposits 6,269,907 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 107,478 7,585
Prepaid third-party debit cardholder balances 21,970 10,178
Other liabilities 118,192 93,976
Total liabilities 6,688,167 6,408,651
Stockholders' equity:    
Common stock, $0.01 par value, 25,000,000 shares authorized, 11,194,411 and 11,062,729 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 112 111
Additional paid in capital 397,963 395,871
Retained earnings 361,243 315,975
Accumulated other comprehensive income (loss), net of tax (44,127) (52,936)
Total stockholders' equity 715,191 659,021
Total liabilities and stockholders' equity $ 7,403,358 $ 7,067,672